Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 64

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 64
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 unrealized gain (loss) relating to Level 3 assets still held at the reporting dates and realized gain (loss) recorded during the period.(F)See Note 5 for further details on the components of servicing revenue, net.(G)Gain (loss) included in unrealized gain (loss) on AFS securities, net in the consolidated statements of comprehensive income.(H)Non-Agency securities includes securities retained through securitizations accounted for as sales.(I)Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection.(J)Amounts include Rithm Capital’s portion of the Excess MSRs held by the respective joint ventures in which Rithm Capital has a 50% interest.The following table summarizes the changes in the Company’s Level 3 financial liabilities for the periods presented:Level 3Asset-Backed Securities IssuedNotes Payable of CFEs - Consolidated FundsNotes Payable of CFEs - Residential Transition LoansExcess Spread FinancingNotes Receivable FinancingTotalBalance at December 31, 2024$185,460 $959,958 $859,023 $101,088 $377,227 $2,482,756 Transfers:Transfers out of Level 3(A)— (367,031)— — — (367,031)Gains (Losses) Included in Net Income:Servicing revenue, net(C)— — — 3,634 — 3,634 Other income(B)(4,833)(849)171 — 1,494 (4,017)Purchases, Issuance and Repayments:Repayments(11,592)— — — — (11,592)Other— — 566 (1)— 565 Balance at March 31, 2025$169,035 $592,078 $859,760 $104,721 $378,721 $2,104,315 (A)For the three months ended March 31, 2025, transfers out of Level 3 to Level 2 were primarily due to increased price transparency.(B)Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 financial liabilities still held at the reporting dates and realized gain (loss) recorded during the period. The full fair value change during the