Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 411

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 411
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 were required to take physical delivery to settle a long TBA contract, we would have to fund our total purchase commitment with cash or other financing sources and our liquidity position could be negatively impacted.

As of June 30, 2025, we did not have any other commitments or obligations, including contingent obligations, arising from arrangements with unconsolidated entities or persons that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, cash requirements or capital resources.

CONTRACTUAL OBLIGATIONS

As of June 30, 2025, we had the following material contractual obligations: 

ContractTermsDebt Obligations:Secured Financing AgreementsDescribed under Note 18 to our consolidated financial statements.Secured Notes and Bonds PayableDescribed under Note 18 to our consolidated financial statements.Unsecured Senior NotesDescribed under Note 18 to our consolidated financial statements.Other Contractual Obligations:Lease LiabilityDescribed under Note 16 to our consolidated financial statements.Interest Rate SwapsDescribed under Note 17 to our consolidated financial statements.

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See Note 26 and Note 28 to our consolidated financial statements for information regarding commitments and material contracts entered into subsequent to June 30, 2025, if any. As described in Note 26, we have committed to purchase certain future servicer advances. The actual amount of future advances is subject to significant uncertainty. However, we currently expect that net recoveries of servicer advances will exceed net fundings for the foreseeable future. This expectation is based on judgments, estimates and assumptions, all of which are subject to significant uncertainty. In addition, those certain limited liability companies which hold certain of our consumer loan portfolios have invested in loans with an aggregate of $139.4 million of unfunded and available revolving credit privileges as of June 30, 2025. However, under the terms of these loans, requests for draws may be denied and unfunded availability may be terminated at management’s discretion. Genesis had commitments to fund up to $1.6 billion of additional advances on existing mortgage loans as of June 30, 2025. These commitments are generally subject to loan agreements with covenants regarding the financial performance of the customer and other terms regarding advances that must be met before Genesis funds the commitment. Rithm Capital has invested in various commercial real estate projects. As part of its investments, Rithm Capital is required to fund its pro