Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 279

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 279
---
 2025, Rithm Capital had residential mortgage loans and RTLs that were in the process of foreclosure with UPBs of $36.7 million and $12.0 million, respectively.Notes and Loans Receivable — The following table summarizes the activity for the period for notes and loans receivable:Notes ReceivableLoans ReceivableTotalBalance at December 31, 2024$393,786 $31,580 $425,366 Fundings49,167 — 49,167 Payment in kind3,467 1,458 4,925 Proceeds from repayments— (25,000)(25,000)Fair Value Adjustments due to:Other factors(A)3,087 — 3,087 Balance at September 30, 2025$449,507 $8,038 $457,545 (A)There were no fair value adjustments due to changes in instrument-specific credit risk in the current period. The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of notes and loans receivable:September 30, 2025December 31, 2024Days Past DueUPBCarrying Value(A)Carrying Value Over (Under) UPBUPBCarrying Value(A)Carrying Value Over (Under) UPBCurrent$539,910 $449,507 $(90,403)$518,856 $425,366 $(93,490)90+8,038 8,038 — — — — Total$547,948 $457,545 $(90,403)$518,856 $425,366 $(93,490)(A)Notes and loans receivable are carried at fair value. See Note 19 regarding fair value measurements.

13. EXCESS MORTGAGE SERVICING RIGHTS

Excess MSR assets include Rithm Capital’s ownership of Excess MSRs, and associated recapture agreements, acquired from and serviced by Rocket Companies, Inc., as successor in merger to Mr. Cooper Group Inc. (“Mr. Cooper”). Prior to June 20, 2024, Rithm Capital owned certain pools of Excess MSRs directly and certain pools through a joint venture with the Former Manager (the “Fortress Excess MSR JV”). On June 20, 2024, Rithm Capital, together with certain Sculptor nonconsolidated funds, acquired an