Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 161

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 161
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 Venture3,9657%6,13017%(2,165)(35)%Wholesale7,19612%4,79513%2,401 50 %Correspondent43,14974%24,01265%19,137 80 %Total Production by Channel$58,585100%$36,893100%$21,692 59 %Production by Product:Agency$32,59056%$19,96255%12,628 63 %Government23,74740%15,67742%8,070 51 %Non-QM1,1892%5461%643 118 %Non-Agency4381%2271%211 93 %Other6211%4811%140 29 %Total Production by Product$58,585100%$36,893100%$21,692 59 %% Purchase80 %87 %% Refinance20 %13 %

Year Ended December 31,Increase (Decrease)(dollars in thousands)20242023Amount%Gain on originated residential mortgage loans, held-for-sale, net(A)(B)(C)(D)$688,776$483,491$205,285 42.5 %Pull through adjusted lock volume$59,322,537$36,892,922$22,429,615 60.8 %Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume, by Channel:Direct to Consumer3.34 %3.99 %Retail / Joint Venture3.67 %3.52 %Wholesale1.41 %1.35 %Correspondent0.51 %0.47 %Total Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume1.16 %1.31 %

(A)Includes realized gains on loan sales and related new MSR capitalization, changes in repurchase reserves, changes in fair value of interest rate lock commitments, changes in fair value of residential mortgage loans, held-for-sale (“HFS”) and economic hedging gains and losses.

(B)Includes loan origination fees of $0.9 billion and $0.4 billion for the years ended December 31, 2024 and 2023, respectively. 

(C)Represents gain on originated residential mortgage loans, HFS, net related to the origination business within the Orig