Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 280

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 280
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293,673 $2,558,688 (A)Net of $4.9 million of realization of cash flows related to excess spread financing for the year ended December 31, 2024. There was no excess spread financing during the years ended December 31, 2023 and 2022 (Note 12).(B)Net of $19.2 million of change in valuation inputs and assumptions related to excess spread financing for the year ended December 31, 2024. There was no excess spread financing during the years ended December 31, 2023 and 2022 (Note 12).

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

The following table summarizes MSRs and MSR financing receivables by type as of December 31, 2024 and 2023:UPB of Underlying MortgagesWeighted Average Life (Years)(A)Carrying Value(B)2024GSE$383,014,320 6.5$6,413,199 non-Agency70,022,636 5.4836,408 Ginnie Mae(C)137,177,395 6.43,072,064 Total / Weighted Average$590,214,351 6.4$10,321,671 2023GSE$351,642,337 7.7$5,333,013 non-Agency48,928,545 6.8678,913 Ginnie Mae(C)127,863,627 7.12,394,012 Total / Weighted Average$528,434,509 7.5$8,405,938 (A)Represents the weighted average expected timing of the receipt of expected cash flows for this investment.(B)Represents the fair value for this investment. As of December 31, 2024 and 2023, weighted average discount rates of 8.9% (range of 8.7% – 10.3%) and 8.5% (range of 7.9% – 10.8%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively.(C)As of December 31, 2024 and 2023, Rithm Capital has approximately $2.7 billion