Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 172

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 172
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resents the weighted average expected timing of the receipt of expected net cash flows for this investment.

(D)Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.

(E)The following table summarizes the types of advances included in servicer advance investments (dollars in thousands):

December 31, 2024Principal and interest advances$51,135 Escrow advances (taxes and insurance advances)137,072 Foreclosure advances110,738 Total$298,945 

Non-Agency RMBS

Within our Non-Agency RMBS portfolio, we retain and own risk retention bonds from our securitizations that we do not consolidate in accordance with risk retention regulations under the Dodd-Frank Act. We also retain and own bonds from our consolidated private label mortgage securitizations which we eliminate in consolidation. The equity value is reflected in assets of consolidated CFEs and liabilities of consolidated CFEs on the consolidated balance sheets and is excluded from the tables below. As of December 31, 2024, 96% of our Non-Agency RMBS portfolio was related to bonds retained pursuant to required risk retention regulations.

The following table summarizes our Non-Agency RMBS portfolio as of December 31, 2024 (dollars in thousands):

Asset TypeOutstanding Face Amount(A)Amortized Cost BasisGross UnrealizedCarrying Value(B)Outstanding Repurchase Agreements(C)GainsLossesNon-Agency RMBS $8,962,730 $515,262 $94,369 $(56,834)$552,797 $744,457 

(A)The total outstanding face amount includes residual, interest only and servicing strips for which no principal payment is expected.

(B)Fair value which is equal to carrying value for all securities.

(C)Includes repurchase agreements on Non-Agency securities retained through consolidated securitizations.

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The following tables summarize the characteristics of our Non-Agency RMBS portfolio and of the collateral underlying our Non-Agency RMBS as of December 31, 2024 (dollars in thousands): 

Number of SecuritiesOutstanding Face AmountAmortized Cost BasisCarrying ValueWeighted Average Life (Years)Weighted Average Coupon(A)Total / weighted average571 $8,962,730 $515,262 $552,797 5.2 3.5 %

 Collateral CharacteristicsAverage Loan Age (Years)Collateral Factor(B)