Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 211

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 211
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 to Note 17 for information regarding short sales.As of March 31, 2025, Rithm Capital had no unsettled government and government-backed securities trades.See Note 18 regarding the financing of government and government-backed securities.

21

RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

7. RESIDENTIAL MORTGAGE LOANS

Rithm Capital accumulates its residential mortgage loan portfolio through originations, bulk acquisitions and the execution of call rights. Substantially all of the residential mortgage loan portfolio is serviced by Newrez.Loans are accounted for based on Rithm Capital’s strategy and management’s intent and on whether the loan was credit-impaired at the date of acquisition. As of March 31, 2025, Rithm Capital accounts for loans based on the following categories:•Loans held-for-investment (“HFI”), at fair value•Loans held-for-sale (“HFS”), at lower of cost or fair value•Loans HFS, at fair value•Investments of consolidated CFEs represent mortgage loans held by certain mortgage securitization trusts where Rithm Capital is determined to be a primary beneficiary and, as a result, consolidates such trusts. The assets are measured based on the fair value of the more observable liabilities of such trusts under the CFE election. The obligations and liabilities of CFEs may only be satisfied with the assets of the respective consolidated CFEs, and creditors of the CFE do not have recourse to Rithm Capital Corp.The following table summarizes residential mortgage loans outstanding by loan type:March 31, 2025December 31,2024Outstanding Face AmountCarrying ValueLoanCountWeighted Average YieldWeighted Average Life (Years)(A)Carrying ValueInvestments of consolidated CFEs(B)$2,866,929 $2,703,112 7,503 5.8 %25.6$2,791,027 Residential mortgage loans, HFI, at fair value384,304 354,003 7,220 8.0 %4.7361,890 Residential Mortgage Loans, HFS:Acquired performing loans(C)54,503 49,558 1,629 7.0 %4.351,011 Acquired non-performing