XML 153 R142.htm IDEA: XBRL DOCUMENT v3.23.1
VARIABLE INTEREST ENTITIES - Others' Interest in Equity of Consumer Loan Companies (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Noncontrolling Interest [Line Items]        
Total consolidated equity $ 6,954,543 $ 7,184,712 $ 7,010,068 $ 6,669,380
Others’ interest in equity of consolidated subsidiary [1] 60,337   $ 67,067  
Net income (loss) 89,949 689,931    
Others’ interest in net income (loss) of consolidated subsidiary $ (1,300) $ 5,609    
Advance Purchaser | Corporate Joint Venture        
Noncontrolling Interest [Line Items]        
Rithm Capital’s percentage ownership 89.30% 89.30% 89.30%  
VIE, consolidated | Advance Purchaser        
Noncontrolling Interest [Line Items]        
Total consolidated equity $ 105,810   $ 114,180  
Others’ interest in equity of consolidated subsidiary 11,304   12,193  
Net income (loss) (1,370) $ 2,135    
Others’ interest in net income (loss) of consolidated subsidiary (146) 228    
VIE, consolidated | Shelter Joint Ventures        
Noncontrolling Interest [Line Items]        
Total consolidated equity 24,213   25,124  
Others’ interest in equity of consolidated subsidiary 11,986   12,437  
Net income (loss) (85) 823    
Others’ interest in net income (loss) of consolidated subsidiary (42) 407    
VIE, consolidated | Consumer Loan SPVs        
Noncontrolling Interest [Line Items]        
Total consolidated equity 79,455   91,263  
Others’ interest in equity of consolidated subsidiary 37,047   $ 42,437  
Net income (loss) (2,391) 10,698    
Others’ interest in net income (loss) of consolidated subsidiary $ (1,112) $ 4,974    
VIE, consolidated | Advance Purchaser        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 10.70%   10.70%  
VIE, consolidated | Advance Purchaser | Weighted Average        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 10.70% 10.70%    
VIE, consolidated | Shelter Joint Ventures        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 49.50%   49.50%  
VIE, consolidated | Shelter Joint Ventures | Weighted Average        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 49.50% 49.50%    
VIE, consolidated | Consumer Loan SPVs        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 46.50%   46.50%  
VIE, consolidated | Consumer Loan SPVs | Weighted Average        
Noncontrolling Interest [Line Items]        
Others’ ownership interest 46.50% 46.50%    
[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of March 31, 2023 and December 31, 2022, total assets of consolidated VIEs were $1.8 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $1.6 billion and $1.8 billion, respectively. See Note 20 for further details.