Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 204

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 204
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263)287,487 Noncontrolling interests in income of consolidated subsidiaries55 2,037 — 1,360 — 3,452 Net Income (Loss) Attributable to Rithm Capital Corp.270,058 23,155 41,422 (27,337)(23,263)284,035 Dividends on preferred stock— — — — 22,395 22,395 Net Income (Loss) Attributable to Common Stockholders$270,058 $23,155 $41,422 $(27,337)$(45,658)$261,640 (A)The Origination and Servicing segment’s other segment expenses primarily include expenses related to loan origination and servicing, information technology, occupancy and legal and professional services. The Investment Portfolio segment’s other segment expenses primarily include expenses related to loan servicing and property and maintenance. The Residential Transitional Lending segment’s other segment expenses primarily include expenses related to loan origination, occupancy and information technology. The Asset Management segment’s other segment expenses primarily include expenses related to legal and professional services, information technology and occupancy.

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

5. MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES

The following table summarizes activity related to MSRs and MSR financing receivables:Balance at December 31, 2024$10,321,671 Originations(A)348,988 Sales664 Change in Fair Value Due To:Realization of cash flows(B)(148,042)Change in valuation inputs and assumptions(390,240)Balance at March 31, 2025$10,133,041 (A)Represents MSRs retained on the sale of originated residential mortgage loans. Includes $29.8 million of MSRs capitalized through co-issue with third-parties.(B)Based on the paydown of the underlying residential mortgage loans.The following table summarizes components of servicing revenue, net:Three Months EndedMarch 31,20252024Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$526,810 $430,114 Ancillary and other fees43,991 39,777 Servicing fee revenue, net and fees570,801 469