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OTHER ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2022
Other Income Assets And Liabilities [Abstract]  
Schedule of Other Assets and Liabilities
Other Assets and Accrued Expenses and Other Liabilities consist of the following:
Other AssetsAccrued Expenses
and Other Liabilities
September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Margin receivable, net(A)
$497,384 $358,041 Margin payable$182,248 $9,821 
Servicing fee receivables121,042 117,935 Interest payable69,691 30,931 
Principal and interest receivable110,312 85,084 Accounts payable186,806 345,901 
Equity investments(B)
68,384 81,052 Termination fee payable (Note 25)100,000 — 
Other receivables168,881 233,342 Derivative liabilities (Note 17)67,314 34,583 
REO19,790 21,641 Accrued compensation and benefits114,840 201,057 
Goodwill (Note 15)(C)
85,199 85,199 Operating lease liabilities (Note 16)110,069 142,620 
Notes receivable, at fair value(D)
35,168 60,549 Deferred tax liability738,207 440,690 
Warrants, at fair value22,052 27,354 Other liabilities324,504 153,165 
Property and equipment33,799 56,617 $1,893,679 $1,358,768 
Intangible assets (Note 15)146,755 143,133 
Prepaid expenses66,223 115,110 
Operating lease right-of-use assets (Note 16)89,844 117,131 
Derivative assets (Note 17)353,073 138,173 
Loans receivable, at fair value(E)
164,335 229,631 
Credit facilities receivable(F)
36,443 41,351 
Loans in process and settlements in process(G)
15,588 11,681 
Other assets124,326 105,728 
$2,158,598 $2,028,752 
(A)Represents collateral posted as a result of changes in fair value of Rithm Capital’s (i) real estate securities securing its secured financing agreements and (ii) derivative instruments.
(B)Represents equity investments in funds that invest in (i) a commercial redevelopment project and (ii) operating companies in the single-family housing industry. The commercial redevelopment project is accounted for at fair value based on the net asset value of Rithm Capital’s investment. Equity investments also includes an investment in Covius Holding Inc. (“Covius”), a provider of various technology-enabled services to the mortgage and real estate industries, preferred stock in Valon Mortgage, Inc. (“Valon”), a residential mortgage servicing and technology company, and preferred stock in Credijusto Ltd. (“Covalto”), a financial services company.
(C)Includes goodwill derived from the acquisition of Shellpoint Partners LLC (“Shellpoint”), Guardian Asset Management LLC (“Guardian”) and Genesis.
(D)Represents a subordinated debt facility to Covius and a private bridge loan to Credijusto Ltd. (“Covalto”). The loans are accounted for under the fair value option. Electing the fair value option allows the Company to record changes in fair value in the Consolidated Statements of Income and provides users of the financial statements with better information regarding the effect of market factors.
(E)Represents loans made pursuant to a senior credit agreement and a senior subordinated credit agreement to an entity affiliated with funds managed by an affiliate of the Former Manager (see Note 23). The loans are accounted for under the fair value option. Electing the fair value option allows the Company to record changes in fair value in the Consolidated Statements of Income and provides users of the financial statements with better information regarding the effect of market factors.
(F)Represents cash deposits and collections associated with certain collateral assets which are held by the lender trust until settled each month.
(G)Loans in process represent timing differences in the disbursing of funds and the closing of the loan. Settlements in process represent timing differences in the receipt of funds and settlement of the loan sale.
Schedule of Real Estate Owned
The following table presents activity related to the carrying value of investments in REO:
Balance at December 31, 2021$21,641 
Purchases210 
Transfer of loans to REO10,762 
Sales(A)
(13,790)
Valuation (provision) reversal 967 
Balance at September 30, 2022$19,790 
(A)Recognized when control of the property has transferred to the buyer.
Schedule of Accounts, Notes and Loans Receivable
The following table summarizes residential mortgage loans outstanding by loan type:
September 30, 2022December 31, 2021
Loan TypeOutstanding Face AmountCarrying
Value		Loan
Count		Weighted Average Yield
Weighted Average Life (Years)(A)
Carrying Value
Total residential mortgage loans, held-for-investment, at fair value(B)
$557,143 $470,935 9,936 8.1 %3.9$569,933 
Acquired performing loans(C)
101,691 86,418 2,414 8.0 %4.3130,634 
Acquired non-performing loans(D)
20,560 17,601 379 6.8 %4.32,287 
Total residential mortgage loans, held-for-sale, at lower of cost or market$122,251 $104,019 2,793 7.8 %4.3$132,921 
Acquired performing loans(C)(E)
$1,094,652 $1,009,159 5,508 5.2 %17.5$2,070,262 
Acquired non-performing loans(D)(E)
275,162 246,861 1,432 4.9 %14.8315,063 
Originated loans2,756,474 2,677,372 4,574 5.5 %29.08,829,599 
Total residential mortgage loans, held-for-sale, at fair value$4,126,288 $3,933,392 11,514 5.4 %25.0$11,214,924 
Total residential mortgage loans, held-for-sale, at fair value/lower of cost or market$4,248,539 $4,037,411 $11,347,845 
(A)For loans classified as Level 3 in the fair value hierarchy, the weighted average life is based on the expected timing of the receipt of cash flows. For Level 2 loans, the weighted average life is based on the contractual term of the loan.
(B)Residential mortgage loans, held-for-investment, at fair value is grouped and presented as part of Residential Loans and Variable Interest Entity Consumer Loans Held-for-Investment, at Fair Value on the Consolidated Balance Sheets.
(C)Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due.
(D)As of September 30, 2022, Rithm Capital has placed non-performing loans, held-for-sale on nonaccrual status, except as described in (E) below.
(E)Includes $645.2 million and $140.2 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.
The following table summarizes Mortgage Loans Receivable outstanding by loan purpose as of September 30, 2022:
Carrying
Value(A)
% of PortfolioLoan
Count		% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)
Weighted Average Committed Loan Balance to Value(B)
Construction$865,222 45.0 %60638.1 %8.1 %14.8
77.2% / 66.1%
Bridge763,631 39.8 %54834.5 %7.7 %18.076.4%
Renovation291,060 15.2 %43527.4 %8.0 %12.9
78.1% / 66.4%
$1,919,913 100.0 %1,589100.0 %7.9 %15.8N/A
(A)Represents fair value.
(B)Weighted by commitment loan-to-value (“LTV”) for bridge loans, loan-to-cost (“LTC”) and loan-to-after-repair-value (“LTARV”) for construction and renovation loans.

The following table summarizes the activity for Mortgage Loans Receivables:
Balance at December 31, 2021$1,515,762 
Initial loan advances1,178,376 
Construction holdbacks and draws393,705 
Paydowns and payoffs(1,124,064)
Purchased loans premium amortization(43,868)
Balance at September 30, 2022$1,919,913 
Notes and Loans Receivable — The following table summarizes the activity for notes and loans receivable:
Notes ReceivableLoans ReceivableTotal
Balance at December 31, 2021
$60,549 $229,631 $290,180 
Fundings9,000 — 9,000 
Payment in Kind3,741 6,740 10,481 
Proceeds from repayments(6,651)(70,604)(77,255)
Transfer to other assets(1,000)— (1,000)
Fair value adjustments due to:
Changes in instrument-specific credit risk(30,243)— (30,243)
Other factors(228)(1,432)(1,660)
Balance at September 30, 2022
$35,168 $164,335 $199,503 
Schedule of Performing Loans Past Due
The following table summarizes the difference between the aggregate unpaid principal balance and the aggregate fair value of loans:
September 30, 2022December 31, 2021
Days Past DueUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal BalanceUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal Balance
90+475,041 420,412 (54,629)779,178 740,043 (39,135)
The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate fair value of Mortgage Loans Receivable:
September 30, 2022December 31, 2021
Days Past DueUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal BalanceUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal Balance
Current$1,919,913 $1,919,913 $— $1,473,894 $1,515,762 $41,868 
90+— — — — — — 
The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate fair value of notes and loans receivable:
September 30, 2022December 31, 2021
Days Past DueUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal BalanceUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal Balance
Current$230,292 $199,503 $(30,789)$289,065 $290,180 $1,115 
90+— — — — — —