Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 413

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 413
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 Income Attributable to Common Stockholders$193,662 $283,899 $514,084 $571,825 $(90,237)$(57,741)

107 

Servicing Revenue, Net

Servicing revenue, net consists of the following:

Three Months EndedNine Months Ended September 30,(dollars in thousands)September 30,2025June 30,202520252024QoQ ChangeYoY ChangeServicing fee revenue, net and interest income from MSRs and MSR financing receivables$532,052 $518,371 $1,577,233 $1,338,860 $13,681 $238,373 Ancillary and other fees47,229 56,446 147,666 123,180 (9,217)24,486 Servicing fee revenue, net and fees579,281 574,817 1,724,899 1,462,040 4,464 262,859 Change in Fair Value due to:Realization of cash flows (189,881)(176,680)(513,452)(421,761)(13,201)(91,691)Change in valuation inputs and assumptions, net of realized gains (losses)(A)(219,555)(8,807)(623,387)(309,297)(210,748)(314,090)Gains (losses) on MSR economic hedges145,085 30,482 384,105 240,681 114,603 143,424 Servicing Revenue, Net$314,930 $419,812 $972,165 $971,663 $(104,882)$502 

(A)The following table summarizes the components of servicing revenue, net related to changes in valuation inputs and assumptions: 

Three Months EndedNine Months Ended September 30,(dollars in thousands)September 30,2025June 30,202520252024QoQ ChangeYoY ChangeChanges in interest rates and prepayment rates$(250,288)$(24,427)$(616,428)$(62,809)$(225,861)$(553,619)Changes in discount rates133,634 — 129,311 60,000 133,634 69,311 Changes in other factors(102,901)15,620 (136,270)(306,488)(118,521)170,218 Change in Val