Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 399

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 399
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 billion and are comprised of secured financing agreements, secured notes and bonds payable, unsecured notes and notes payable of consolidated CFEs. Certain debt obligations are the obligations of our consolidated subsidiaries, which own the related collateral. In some cases, such collateral is not available to other creditors of ours. In particular, the obligations and liabilities of CFEs may only be satisfied with the assets of the respective CFE, and creditors do not have recourse to Rithm Capital Corp. 

We have margin exposure on $15.9 billion of secured financing agreements. To the extent that the value of the collateral underlying these secured financing agreements declines, we may be required to post margin, which could significantly impact our liquidity.

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Short-Term Borrowings

The following tables provide additional information regarding our short-term borrowings (dollars in thousands):

Six Months Ended June 30, 2025OutstandingBalance at June 30, 2025Average Daily Amount Outstanding(A)Maximum Amount OutstandingWeighted Average Daily Interest RateSecured Financing Agreements:Government and government-backed securities$8,670,898 $9,752,554 $10,772,322 4.93 %Non-Agency securities871,386 784,692 873,696 6.39 %Residential mortgage loans3,472,940 2,967,111 4,096,919 5.79 %Residential transition loans498,839 367,812 566,341 6.58 %Secured Notes and Bonds Payable:MSRs3,267,599 3,459,062 3,740,139 7.09 %Servicer advances2,384,882 1,797,265 2,482,266 6.61 %Total / Weighted Average$19,166,544 $19,128,496 $22,531,683 5.78 %

(A)Represents the average for the period the debt was outstanding.

Average Daily Amount Outstanding(A)Three Months EndedJune 30, 2025March 31, 2025December 31, 2024September 30, 2024Secured Financing Agreements:Government and government-backed securities$9,407,987 $10,100,950 $11,101,046 $11,532,297 Non-Agency securities831,541 737,322 648,839 634,620 Res