Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 42

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 42
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 repurchase agreement lending facilities used to borrow securities to effectuate short sales of Treasury securities.  (C)During the first quarter of 2024, a subsidiary of the Company entered into an agreement with an affiliate, which could result in the subsidiary being required to make a payment under certain circumstances dependent upon amounts realized from an investment of the affiliate, subject to a maximum amount of $25.5 million. The agreement is classified as a derivative liability and measured at fair value.The following table summarizes notional amounts related to derivatives and hedging:March 31, 2025December 31, 2024Interest rate swaps(A)$9,074,000 $8,995,000 Interest rate futures(B)1,135,000 — IRLCs4,343,640 3,413,043 TBAs(C)16,258,921 17,402,824 Other commitments25,521 25,057 Foreign exchange forwards61,550 17,300 (A)Includes $3.1 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 66 months and 29 months, respectively, as of March 31, 2025. Includes $3.1 billion notional of receive SOFR/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 71 months and 32 months, respectively, as of December 31, 2024. (B)Represents a $1.1 billion notional Eris SOFR swap future with maturity of 63 months that replicates cash flows of receive fixed/pay SOFR interest rate swaps.(C)Represents the notional amount of Agency RMBS classified as derivatives.

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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 following table summarizes gain (loss) on derivatives and other hedging instruments and the related presentation on the consolidated statements of operations:Three Months Ended March 31,20252024Gain (Loss) on Originated Residential Mortgage Loans, HFS, Net(A):IRLCs$23,093