Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 302

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 302
---
20 for noncontrolling interests related to these Excess MSRs.Mr. Cooper, as servicer, performs all of the servicing and advancing functions on the Company’s Excess MSR assets, retains the ancillary income and assumes servicing obligations and liabilities as the servicer of the underlying loans in the portfolio. As part of the Computershare Acquisition (Note 3), Rithm Capital acquired MSRs owned by SLS underlying certain Excess MSRs owned by Rithm Capital. Accordingly, those Excess MSRs have been reclassified to full MSRs on Rithm Capital’s consolidated balance sheets. Investments in Excess MSRsThe following table presents activity related to the consolidated investments in Excess MSRs measured at fair value:TotalBalance as of December 31, 2022(A)$321,803 Interest income18,310 Other income267 Proceeds from repayments(41,552)Proceeds from sales(2,779)Change in fair value(15,227)Activity of Investments in Equity Method Investees:Distributions of earnings from equity method investees(2,219)Distributions of capital from equity method investees(9,968)Change in fair value of investments in equity method investees2,515 Balance as of December 31, 2023(A)271,150 Purchases122,887 Interest income29,815 Other income(656)Proceeds from repayments(55,750)Proceeds from sales(499)Change in fair value10,820 Acquisition of Assets from Fortress Excess MSR JV:Distributions of earnings from equity method investees(344)Distributions of capital from equity method investees(8,846)Change in fair value of investments in equity method investees1,617 Reclassification of SLS serviced Excess MSRs to full MSRs(1,032)Balance as of December 31, 2024$369,162 (A)Rithm Capital’s total investment in Excess MSRs as of December 31, 2023 and 2022 includes $62.8 million and $72.4 million of indirect investments in Excess MSRs, respectively. As a result of Rithm Capital’s investment in the Fortress Excess MSR JV during the second quarter of 2024, all of the Company’s investments in Excess MSRs are direct investments as of December 31, 2024, as shown in the table above.

161

RITHM CAPITAL