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SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Summary of Segment Financial Data
The following tables summarize segment financial information, which in total reconciles to the same data for Rithm Capital as a whole:
Origination and ServicingResidential Securities, Properties and Loans
OriginationServicingMSR Related InvestmentsTotal Origination and ServicingReal Estate SecuritiesProperties and Residential Mortgage LoansConsumer LoansMortgage Loans ReceivableCorporateTotal
Three Months Ended September 30, 2023
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$— $372,979 $69,665 $442,644 $— $— $— $— $— $442,644 
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(138,993))
— 95,507 (74,573)20,934 — — — — — 20,934 
Servicing revenue, net— 468,486 (4,908)463,578 — — — — — 463,578 
Interest income29,140 127,467 35,339 191,946 140,119 23,993 58,946 59,461 2,142 476,607 
Gain on originated residential mortgage loans, held-for-sale, net126,844 17,295 — 144,139 — 5,091 — — — 149,230 
Total revenues155,984 613,248 30,431 799,663 140,119 29,084 58,946 59,461 2,142 1,089,415 
Interest expense30,725 83,845 33,907 148,477 136,180 30,753 26,285 31,751 9,108 382,554 
G&A and other137,831 103,728 66,275 307,834 1,009 13,531 4,542 15,524 34,184 376,624 
Total operating expenses168,556 187,573 100,182 456,311 137,189 44,284 30,827 47,275 43,292 759,178 
Realized and unrealized gains (losses) on investments, net22 — 10,453 10,475 (127,458)(7,865)(4,111)1,451 — (127,508)
Other income (loss), net74 (700)37,412 36,786 (2,644)40,330 (2,410)5,369 (6,384)71,047 
Total other income (loss)96 (700)47,865 47,261 (130,102)32,465 (6,521)6,820 (6,384)(56,461)
Income (loss) before income taxes(12,476)424,975 (21,886)390,613 (127,172)17,265 21,598 19,006 (47,534)273,776 
Income tax expense (benefit)(3,125)59,474 1,946 58,295 — (4,656)62 (1,116)— 52,585 
Net income (loss)(9,351)365,501 (23,832)332,318 (127,172)21,921 21,536 20,122 (47,534)221,191 
Noncontrolling interests in income (loss) of consolidated subsidiaries269 — 1,414 1,683 — — 3,165 — — 4,848 
Dividends on preferred stock— — — — — — — — 22,394 22,394 
Net income (loss) attributable to common stockholders$(9,620)$365,501 $(25,246)$330,635 $(127,172)$21,921 $18,371 $20,122 $(69,928)$193,949 
Origination and ServicingResidential Securities, Properties and Loans
OriginationServicingMSR Related InvestmentsTotal Origination and ServicingReal Estate SecuritiesProperties and Residential Mortgage LoansConsumer LoansMortgage Loans ReceivableCorporateTotal
Nine Months Ended September 30, 2023
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$— $1,082,257 $295,788 $1,378,045 $— $— $— $— $— $1,378,045 
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(384,094))
— 103,748 (203,086)(99,338)— — — — — (99,338)
Servicing revenue, net— 1,186,005 92,702 1,278,707 — — — — — 1,278,707 
Interest income81,225 314,387 95,520 491,132 376,842 73,050 97,634 176,607 6,742 1,222,007 
Gain on originated residential mortgage loans, held-for-sale, net373,796 22,882 — 396,678 1,247 12,395 — — — 410,320 
Total revenues455,021 1,523,274 188,222 2,166,517 378,089 85,445 97,634 176,607 6,742 2,911,034 
Interest expense89,333 246,525 95,977 431,835 350,044 87,775 32,280 91,725 27,121 1,020,780 
G&A and other421,407 298,636 210,811 930,854 3,199 36,303 9,042 46,550 77,825 1,103,773 
Total operating expenses510,740 545,161 306,788 1,362,689 353,243 124,078 41,322 138,275 104,946 2,124,553 
Realized and unrealized gains (losses) on investments, net78 195 8,366 8,639 (96,015)(22,228)(14,095)9,967 — (113,732)
Other income (loss), net(261)(18,971)107,761 88,529 (4,514)82,509 (5,736)6,260 (49,663)117,385 
Total other income (loss)(183)(18,776)116,127 97,168 (100,529)60,281 (19,831)16,227 (49,663)3,653 
Income (loss) before income taxes(55,902)959,337 (2,439)900,996 (75,683)21,648 36,481 54,559 (147,867)790,134 
Income tax expense (benefit)(14,003)115,887 (2,117)99,767 — (3,436)169 (4,191)— 92,309 
Net income (loss)(41,899)843,450 (322)801,229 (75,683)25,084 36,312 58,750 (147,867)697,825 
Noncontrolling interests in income (loss) of consolidated subsidiaries613 — 2,113 2,726 — — 7,711 — — 10,437 
Dividends on preferred stock— — — — — — — — 67,184 67,184 
Net income (loss) attributable to common stockholders$(42,512)$843,450 $(2,435)$798,503 $(75,683)$25,084 $28,601 $58,750 $(215,051)$620,204 

Origination and ServicingResidential Securities, Properties and Loans
OriginationServicingMSR Related InvestmentsTotal Origination and ServicingReal Estate SecuritiesProperties and Residential Mortgage LoansConsumer LoansMortgage Loans ReceivableCorporateTotal
September 30, 2023
Investments$1,545,881 $7,823,376 $1,114,249 $10,483,506 $10,193,596 $2,393,549 $1,436,080 $2,135,424 $— $26,642,155 
Cash and cash equivalents211,544 417,092 233,556 862,192 328,794 2,315 533 19,411 4,038 1,217,283 
Restricted cash25,967 139,829 119,150 284,946 3,543 14,501 19,703 45,754 — 368,447 
Other assets135,339 2,714,592 2,323,689 5,173,620 830,971 115,413 94,540 99,095 118,805 6,432,444 
Goodwill11,836 12,540 5,092 29,468 — — — 55,731 — 85,199 
Total assets$1,930,567 $11,107,429 $3,795,736 $16,833,732 $11,356,904 $2,525,778 $1,550,856 $2,355,415 $122,843 $34,745,528 
Debt$1,467,620 $4,498,335 $2,443,876 $8,409,831 $10,227,701 $1,943,551 $1,269,768 $1,719,384 $546,374 $24,116,609 
Other liabilities171,398 2,374,139 33,624 2,579,161 148,823 403,021 9,092 25,532 195,327 3,360,956 
Total liabilities1,639,018 6,872,474 2,477,500 10,988,992 10,376,524 2,346,572 1,278,860 1,744,916 741,701 27,477,565 
Total equity291,549 4,234,955 1,318,236 5,844,740 980,380 179,206 271,996 610,499 (618,858)7,267,963 
Noncontrolling interests in equity of consolidated subsidiaries9,073 — 12,600 21,673 — — 38,234 — — 59,907 
Total Rithm Capital stockholders’ equity$282,476 $4,234,955 $1,305,636 $5,823,067 $980,380 $179,206 $233,762 $610,499 $(618,858)$7,208,056 
Investments in equity method investees$— $— $65,212 $65,212 $— $— $— $— $34,140 $99,352 
Origination and ServicingResidential Securities, Properties and Loans
OriginationServicingMSR Related InvestmentsTotal Origination and ServicingReal Estate SecuritiesProperties and Residential Mortgage LoansConsumer LoansMortgage Loans ReceivableCorporateTotal
Three Months Ended September 30, 2022
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$— $338,742 $114,421 $453,163 $— $— $— $— $— $453,163 
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(141,616))
— 39,853 (59,027)(19,174)— — — — — (19,174)
Servicing revenue, net— 378,595 55,394 433,989 — — — — — 433,989 
Interest income41,862 55,844 15,401 113,107 76,908 19,186 16,456 42,335 5,387 273,379 
Gain on originated residential mortgage loans, held-for-sale, net214,703 5,980 — 220,683 — (17,204)— — — 203,479 
Total revenues256,565 440,419 70,795 767,779 76,908 1,982 16,456 42,335 5,387 910,847 
Interest expense31,345 56,650 26,033 114,028 51,822 21,242 1,925 18,888 10,184 218,089 
G&A and other283,798 112,731 62,817 459,346 921 12,220 1,991 15,241 15,889 505,608 
Total operating expenses315,143 169,381 88,850 573,374 52,743 33,462 3,916 34,129 26,073 723,697 
Realized and unrealized gains (losses) on investments, net— (1)(8,717)(8,718)(130,456)81,829 (5,845)29,072 — (34,118)
Other income (loss), net1,368 (4,074)4,923 2,217 (2,799)11,448 8,701 5,710 (2,035)23,242 
Total other income (loss)1,368 (4,075)(3,794)(6,501)(133,255)93,277 2,856 34,782 (2,035)(10,876)
Income (loss) before income taxes(57,210)266,963 (21,849)187,904 (109,090)61,797 15,396 42,988 (22,721)176,274 
Income tax expense (benefit)(14,243)51,032 (7,197)29,592 — (5,564)(4)(1,940)— 22,084 
Net income (loss)(42,967)215,931 (14,652)158,312 (109,090)67,361 15,400 44,928 (22,721)154,190 
Noncontrolling interests in income (loss) of consolidated subsidiaries471 — (139)332 — — 6,975 — — 7,307 
Dividends on preferred stock— — — — — — — — 22,427 22,427 
Net income (loss) attributable to common stockholders$(43,438)$215,931 $(14,513)$157,980 $(109,090)$67,361 $8,425 $44,928 $(45,148)$124,456 

Origination and ServicingResidential Securities, Properties and Loans
OriginationServicingMSR Related Investments
Total Origination and Servicing(A)
Real Estate SecuritiesProperties and Residential Mortgage LoansConsumer LoansMortgage Loans ReceivableCorporateTotal
Nine Months Ended September 30, 2022
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$— $1,010,252 $368,789 $1,379,041 $— $— $— $— $— $1,379,041 
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(522,206))
— 881,183 9,098 890,281 — — — — — 890,281 
Servicing revenue, net— 1,891,435 377,887 2,269,322 — — — — — 2,269,322 
Interest income143,449 83,954 42,443 269,846 187,841 68,815 53,498 113,360 17,080 710,440 
Gain on originated residential mortgage loans, held-for-sale, net924,582 83,481 — 1,010,568 — (30,302)— — — 980,266 
Total revenues1,068,031 2,058,870 420,330 3,549,736 187,841 38,513 53,498 113,360 17,080 3,960,028 
Interest expense88,358 131,452 78,186 297,996 81,067 53,442 6,275 38,537 30,434 507,751 
G&A and other1,041,988 321,360 210,774 1,574,122 2,403 47,545 6,405 46,249 478,844 2,155,568 
Total operating expenses1,130,346 452,812 288,960 1,872,118 83,470 100,987 12,680 84,786 509,278 2,663,319 
Realized and unrealized gains (losses) on investments, net— (1,812)(12,062)(13,874)(331,019)100,594 (26,774)14,417 — (256,656)
Other income (loss), net5,295 2,061 45,099 52,455 (7,526)55,235 33,198 13,140 (11,540)134,962 
Total other income (loss)5,295 249 33,037 38,581 (338,545)155,829 6,424 27,557 (11,540)(121,694)
Income (loss) before income taxes(57,020)1,606,307 164,407 1,716,199 (234,174)93,355 47,242 56,131 (503,738)1,175,015 
Income tax expense (benefit)(14,086)363,187 33,766 382,867 — (4,387)34 (5,563)(75,388)297,563 
Net income (loss)(42,934)1,243,120 130,641 1,333,332 (234,174)97,742 47,208 61,694 (428,350)877,452 
Noncontrolling interests in income (loss) of consolidated subsidiaries2,165 — 130 2,295 — — 24,803 — — 27,098 
Dividends on preferred stock— — — — — — — — 67,315 67,315 
Net income (loss) attributable to common stockholders$(45,099)$1,243,120 $130,511 $1,331,037 $(234,174)$97,742 $22,405 $61,694 $(495,665)$783,039 
(A)Includes elimination of intercompany transactions of $2.5 million primarily related to loan sales.
Servicing Segment Revenues

The table below summarizes the components of servicing segment revenues:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202220232022
Base servicing
MSR-owned assets$316,042 $284,611 $919,913 $835,368 
Residential whole loans2,217 2,593 6,553 9,001 
Third party22,316 22,717 67,694 69,439 
340,575 309,921 994,160 913,808 
Other fees
Ancillary and other fees(A)
32,404 28,821 88,097 96,444 
Change in fair value due to:
Realization of cash flows(115,941)(90,750)(290,990)(341,706)
Change in valuation inputs and assumptions and other211,448 130,603 394,738 1,222,889 
Total servicing fees
$468,486 $378,595 $1,186,005 $1,891,435 
Servicing data – unpaid principal balance (“UPB”) (period end) (in millions)
UPB – MSR-owned assets$455,237 $401,826 $455,237 $401,826 
UPB – Residential whole loans8,480 9,930 8,480 9,930 
UPB – Third party99,372 91,820 99,372 91,820 
(A)Includes incentive, boarding and other fees.