XML 155 R143.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FAIR VALUE MEASUREMENTS (AS RESTATED) - Schedule of Changes in the Company’s Level 3 Inputs Financial Assets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Non-Agency      
Gain (loss) included in net income      
Gain (loss) on settlement of investments, net $ 0 $ 0  
Excess MSRs in Equity Method Investees      
Purchases, sales and repayments      
Rithm Capital’s percentage ownership 50.00%   50.00%
Recurring Basis      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning $ 14,331,651    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 106    
Gain (loss) included in net income      
Credit losses on securities (662)    
Included in servicing revenue 84,175    
Excess MSRs (1,867)    
Excess MSRs, equity method investees 0    
Servicer advance investments 8,115    
Consumer loans (30,117)    
Residential mortgage loans 5,596    
Gain (loss) on settlement of investments, net 36    
Other income (loss), net 9,945    
Gains (losses) included in OCI 737    
Interest income 29,503    
Purchases, sales and repayments      
Purchases, net 450,753    
Proceeds from sales (17,095)    
Proceeds from repayments (999,771)    
Originations and other 857,972    
Balance, ending 14,729,077    
Recurring Basis | Excess MSRs      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 271,150    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs (1,867)    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 0    
Gains (losses) included in OCI 0    
Interest income 2,446    
Purchases, sales and repayments      
Purchases, net 0    
Proceeds from sales 0    
Proceeds from repayments (16,618)    
Originations and other 0    
Balance, ending 255,111    
Recurring Basis | MSRs and MSR Financing Receivables      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 8,405,938    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 84,175    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 0    
Gains (losses) included in OCI 0    
Interest income 0    
Purchases, sales and repayments      
Purchases, net 0    
Proceeds from sales 671    
Proceeds from repayments 0    
Originations and other 215,939    
Balance, ending 8,706,723    
Recurring Basis | Servicer Advances      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 376,881    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 8,115    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 0    
Gains (losses) included in OCI 0    
Interest income 7,315    
Purchases, sales and repayments      
Purchases, net 212,656    
Proceeds from sales    
Proceeds from repayments (230,456)    
Originations and other 0    
Balance, ending 374,511    
Recurring Basis | Non-Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 804,029    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities (662)    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 36    
Other income (loss), net 2,860    
Gains (losses) included in OCI 737    
Interest income 8,496    
Purchases, sales and repayments      
Purchases, net 17,579    
Proceeds from sales 0    
Proceeds from repayments (39,540)    
Originations and other 0    
Balance, ending 793,535    
Recurring Basis | Derivatives      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 23,804    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net (9,612)    
Gains (losses) included in OCI 0    
Interest income 0    
Purchases, sales and repayments      
Purchases, net 0    
Proceeds from sales 0    
Proceeds from repayments 0    
Originations and other (61)    
Balance, ending 14,131    
Recurring Basis | Residential Mortgage Loans      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 513,381    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 106    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 5,596    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 1,824    
Gains (losses) included in OCI 0    
Interest income 0    
Purchases, sales and repayments      
Purchases, net 216,405    
Proceeds from sales (17,766)    
Proceeds from repayments (16,042)    
Originations and other 45    
Balance, ending 703,549    
Recurring Basis | Consumer Loans      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,274,005    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans (30,117)    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 0    
Gains (losses) included in OCI 0    
Interest income 10,152    
Purchases, sales and repayments      
Purchases, net 4,113    
Proceeds from sales 0    
Proceeds from repayments (154,354)    
Originations and other 0    
Balance, ending 1,103,799    
Recurring Basis | Notes and Loans Receivable      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 429,550    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 0    
Gains (losses) included in OCI 0    
Interest income 1,094    
Purchases, sales and repayments      
Purchases, net 0    
Proceeds from sales 0    
Proceeds from repayments (37,670)    
Originations and other 0    
Balance, ending 392,974    
Recurring Basis | Mortgage loans receivable      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 2,232,913    
Transfers      
Transfers from Level 3 0    
Transfers to Level 3 0    
Gain (loss) included in net income      
Credit losses on securities 0    
Included in servicing revenue 0    
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Servicer advance investments 0    
Consumer loans 0    
Residential mortgage loans 0    
Gain (loss) on settlement of investments, net 0    
Other income (loss), net 14,873    
Gains (losses) included in OCI 0    
Interest income 0    
Purchases, sales and repayments      
Purchases, net 0    
Proceeds from sales 0    
Proceeds from repayments (505,091)    
Originations and other 642,049    
Balance, ending $ 2,384,744