Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 290

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 290
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 between other assets and residential mortgage loans.Gain on Originated Residential Mortgage Loans, HFS, NetNewrez originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the sale or securitization of loans to the GSEs or mortgage investors, Rithm Capital reports gain on originated residential mortgage loans, HFS, net in the consolidated statements of operations. See Note 20 for detail on Rithm Capital’s continuing involvement in residential mortgage loan securitizations.

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

The following table summarizes the components of gain on originated residential mortgage loans, HFS, net:Year Ended December 31,202420232022Gain (loss) on residential mortgage loans originated and sold, net(A)$(822,641)$(392,137)$(1,099,941)Gain (loss) on settlement of residential mortgage loan origination derivative instruments(B)28,157 73,476 1,285,219 MSRs retained on transfer of residential mortgage loans(C)1,341,728 786,655 1,222,742Other(D)54,969 14,622 33,551Realized gain on sale of originated residential mortgage loans, net602,213 482,616 1,441,571 Change in fair value of residential mortgage loans2,096 99,877 (271,530)Change in fair value of interest rate lock commitments (Note 17)(12,449)15,018 (102,992)Change in fair value of derivative instruments (Note 17)90,675 (64,034)25,700 Gain on Originated Residential Mortgage Loans, HFS, Net$682,535 $533,477 $1,092,749 (A)Includes residential mortgage loan origination fees of $0.9 billion, $0.4 billion and $0.6 billion in the years ended December 31, 2024, 2023 and 2022, respectively. Includes gain on residential mortgage loan securitizations accounted for as sales of $24.2 million for the year ended December 31, 2024 and no gain or loss for the years ended December 31, 2023 and 2022.(