Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 396

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 396
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 Excess MSRs held in a joint venture with Sculptor non-consolidated funds as of September 30, 2025 (dollars in thousands):

Collateral CharacteristicsCurrent Carrying AmountCurrent Principal BalanceNumber of LoansWA FICO Score(A)WA CouponWA Maturity (Months)Average Loan Age (Months)Three Month Average CPR(B)Three Month Average CRR(C)Three Month Average CDR(D)Three Month Average Recapture RateTotal / Weighted Average$334,668 $49,260,027 404,7367194.6 %2221686.6 %6.3 %0.4 %13.6 %

Collateral CharacteristicsDelinquencyLoans in ForeclosureREOLoans in Bankruptcy90+ Days(E)Weighted Average(F)0.7 %1.5 %0.2 %0.6 %

(A)Based on the weighted average of information provided by the loan servicer on a monthly basis. The loan servicer generally updates the FICO score when loans are refinanced or become delinquent. 

(B)Represents the annualized rate of the prepayments during the quarter as a percentage of the total principal balance of the pool.

(C)Represents the annualized rate of the voluntary prepayments during the quarter as a percentage of the total principal balance of the pool.

(D)Represents the annualized rate of the involuntary prepayments (defaults) during the quarter as a percentage of the total principal balance of the pool.

(E)Represents the percentage of the total principal balance of the pool that corresponds to loans that are delinquent by 90 or more days.

(F)Weighted averages exclude collateral information for which collateral data was not available as of the report date.

97 

Servicer Advance Investments

Our servicer advance investments are associated with specified pools of residential mortgage loans in which we have contractually assumed the servicing advance obligation and include the related outstanding servicer advances, the requirement to purchase future servicer advances and the rights to the base fee component of the related MSR. 

The following is a summary of our servicer advance investments, including the right to the base fee component of the related MSRs (dollars in thousands):

September 30, 2025Amortized Cost BasisCarrying Value(A)UPB of Underlying Residential Mortgage LoansOutstanding Servicer AdvancesServicer Advances to UPB of Underlying Residential Mortgage LoansServicer advance investments$290,757 $