XML 148 R138.htm IDEA: XBRL DOCUMENT v3.23.3
VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Servicer advance investments, at fair value $ 387,669 $ 398,820
Residential mortgage loans, held-for-investment, at fair value 370,957 452,519
Residential mortgage loans, held-for-sale, at fair value 2,740,599 3,297,271
Cash and cash equivalents [1] 1,217,283 1,336,508
Restricted cash 368,447  
Total assets 34,745,528 32,479,336
Liabilities    
Secured financing agreements [1] 13,605,380 11,257,736
Accrued expenses and other liabilities [1] 1,782,315 1,486,667
Total liabilities 27,477,565 25,469,268
VIE, consolidated    
Assets    
Servicer advance investments, at fair value 378,664 387,675
Residential mortgage loans, held-for-investment, at fair value   22,699
Residential mortgage loans, held-for-sale, at fair value 1,094,978 844,000
Consumer loans 303,881 363,756
Mortgage loans receivable 348,061 349,975
Cash and cash equivalents 30,828 85,961
Restricted cash 36,763 31,000
Other assets 4,947 172,025
Total assets 2,198,122 2,257,091
Liabilities    
Secured financing agreements   51,325
Secured notes and bonds payable 1,819,772 1,694,468
Accrued expenses and other liabilities 10,465 33,108
Total liabilities 1,830,237 1,778,901
VIE, consolidated | Advance Purchaser    
Assets    
Servicer advance investments, at fair value 378,664 387,675
Residential mortgage loans, held-for-investment, at fair value   0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans 0 0
Mortgage loans receivable 0 0
Cash and cash equivalents 5,241 34,084
Restricted cash 8,151 7,433
Other assets 9 9
Total assets 392,065 429,201
Liabilities    
Secured financing agreements   0
Secured notes and bonds payable 271,488 313,093
Accrued expenses and other liabilities 2,612 1,928
Total liabilities 274,100 315,021
VIE, consolidated | Newrez Joint Ventures    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value   0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans 0 0
Mortgage loans receivable 0 0
Cash and cash equivalents 21,177 28,404
Restricted cash 0 0
Other assets 410 1,026
Total assets 21,587 29,430
Liabilities    
Secured financing agreements   0
Secured notes and bonds payable 0 0
Accrued expenses and other liabilities 3,257 4,306
Total liabilities 3,257 4,306
VIE, consolidated | Residential Mortgage Loans    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value   22,699
Residential mortgage loans, held-for-sale, at fair value 1,094,978 844,000
Consumer loans 0 0
Mortgage loans receivable 0 0
Cash and cash equivalents 4,410 23,473
Restricted cash 9,378 7,547
Other assets 0 165,975
Total assets 1,108,766 1,063,694
Liabilities    
Secured financing agreements   51,325
Secured notes and bonds payable 995,361 768,959
Accrued expenses and other liabilities 74 25,381
Total liabilities 995,435 845,665
VIE, consolidated | Consumer Loan SPVs    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value   0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans 303,881 363,756
Mortgage loans receivable 0 0
Cash and cash equivalents 0 0
Restricted cash 6,375 6,652
Other assets 4,528 5,253
Total assets 314,784 375,661
Liabilities    
Secured financing agreements   0
Secured notes and bonds payable 245,695 299,498
Accrued expenses and other liabilities 1,422 1,144
Total liabilities 247,117 300,642
VIE, consolidated | Mortgage Loans Receivable    
Assets    
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value   0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans 0 0
Mortgage loans receivable 348,061 349,975
Cash and cash equivalents 0 0
Restricted cash 12,859 9,368
Other assets 0 (238)
Total assets 360,920 359,105
Liabilities    
Secured financing agreements   0
Secured notes and bonds payable 307,228 312,918
Accrued expenses and other liabilities 3,100 349
Total liabilities $ 310,328 $ 313,267
[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 September 30, 2023 and December 31, 2022, total assets of consolidated VIEs were $2.2 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $1.8 billion and $1.8 billion, respectively. See Note 20 for further details.