Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 193

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 193
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 the event of any future fund losses, as well as unfunded commitments to certain funds that are VIEs. The Company does not provide, nor is it required to provide, any type of non-contractual financial or other support to its VIEs that are not consolidated beyond its share of capital and other commitments described in Note 26.September 30, 2025December 31, 2024Maximum Risk of Loss as a Result of the Company’s Involvement with Unconsolidated VIEs:Unearned income and fees$9,137$17,268Income and fees receivable50,27635,723Investments653,475577,849Unfunded commitments(A)242,030174,530Other commitments25,52125,521Maximum Exposure to Loss$980,439$830,891(A)Includes commitments from certain current and former employees and managing directors in the amounts of $135.3 million and $133.9 million as of September 30, 2025 and December 31, 2024, respectively.The following table summarizes the carrying value of the Company’s other unconsolidated commercial real estate entities which reflects the Company’s maximum exposure to loss. See Note 26 regarding certain guarantees provided in connection with the investments. These investments are presented as part of equity investments within other assets on the consolidated balance sheets:September 30, 2025December 31, 2024Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs$123,873 $57,846 

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

The Company holds a 70% membership interest in the Credit Risk Transfer LLC, a VIE that holds exposures in warehouse lines collateralized by residential mortgage loans. The Company does not have power to make significant decisions unilaterally over the VIE; therefore, it is not the primary beneficiary and does not consolidate the VIE. The following table summarizes the carrying value of the Company’s membership interest, which reflects the Company’s maximum exposure to loss. This equity investment is presented within other assets on the consolidated balance sheets:September 30, 2025December 31, 2024Membership interest in unconsolidated VIEs$194,313 $194,410 

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