XML 150 R140.htm IDEA: XBRL DOCUMENT v3.23.3
VARIABLE INTEREST ENTITIES - Others' Interest in Equity of Consumer Loan Companies (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Noncontrolling Interest [Line Items]                
Total consolidated equity $ 7,267,963 $ 7,061,626 $ 7,267,963 $ 7,061,626 $ 7,194,684 $ 7,010,068 $ 7,062,998 $ 6,669,380
Others’ interest in equity of consolidated subsidiary [1] 59,907   59,907     $ 67,067    
Net income (loss) 221,191 154,190 697,825 877,452        
Others’ interest in net income (loss) of consolidated subsidiary $ 4,848 $ 7,307 $ 10,437 $ 27,098        
Advance Purchaser | Corporate Joint Venture                
Noncontrolling Interest [Line Items]                
Rithm Capital’s percentage ownership 89.30% 89.30% 89.30% 89.30%   89.30%    
VIE, consolidated | Advance Purchaser                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 10.70%   10.70%     10.70%    
VIE, consolidated | Advance Purchaser | Weighted Average                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 10.70% 10.70% 10.70% 10.70%        
VIE, consolidated | Newrez Joint Ventures                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 49.50%   49.50%     49.50%    
VIE, consolidated | Newrez Joint Ventures | Weighted Average                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 49.50% 49.50% 49.50% 49.50%        
VIE, consolidated | Consumer Loan SPVs                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 46.50%   46.50%     46.50%    
VIE, consolidated | Consumer Loan SPVs | Weighted Average                
Noncontrolling Interest [Line Items]                
Others’ ownership interest 46.50% 46.50% 46.50% 46.50%        
VIE, consolidated | Advance Purchaser                
Noncontrolling Interest [Line Items]                
Total consolidated equity $ 117,966   $ 117,966     $ 114,180    
Others’ interest in equity of consolidated subsidiary 12,600   12,600     12,193    
Net income (loss) 13,229 $ (1,296) 19,786 $ 1,219        
Others’ interest in net income (loss) of consolidated subsidiary 1,414 (139) 2,113 130        
VIE, consolidated | Newrez Joint Ventures                
Noncontrolling Interest [Line Items]                
Total consolidated equity 18,330   18,330     25,124    
Others’ interest in equity of consolidated subsidiary 9,073   9,073     12,437    
Net income (loss) 544 952 1,238 4,374        
Others’ interest in net income (loss) of consolidated subsidiary 269 471 613 2,165        
VIE, consolidated | Consumer Loan SPVs                
Noncontrolling Interest [Line Items]                
Total consolidated equity 82,007   82,007     91,263    
Others’ interest in equity of consolidated subsidiary 38,234   38,234     $ 42,437    
Net income (loss) 6,806 15,000 16,582 53,340        
Others’ interest in net income (loss) of consolidated subsidiary $ 3,165 $ 6,975 $ 7,711 $ 24,803        
[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.