XML 158 R146.htm IDEA: XBRL DOCUMENT v3.24.2.u1
VARIABLE INTEREST ENTITIES - Narrative (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 28, 2024
Mar. 31, 2022
May 31, 2021
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Sep. 25, 2020
Variable Interest Entity [Line Items]                  
Debt instrument, face amount       $ 29,014,659,000   $ 29,014,659,000      
Long-term debt       30,064,659,000   30,064,659,000      
Notes payable [1]       9,955,891,000   9,955,891,000   $ 10,360,188,000  
Noncontrolling interests in income (loss) of consolidated subsidiaries       $ 2,961,000 $ 6,889,000 $ 6,413,000 $ 5,589,000    
SpringCastle                  
Variable Interest Entity [Line Items]                  
Ownership interest 46.50%                
Purchases $ 22,000,000                
2022-RTL1 Securitization | Mortgage Loans Receivable                  
Variable Interest Entity [Line Items]                  
Debt instrument, term   36 months              
Consumer Loan Companies                  
Variable Interest Entity [Line Items]                  
Ownership percentage       100.00%   100.00%      
Securitization Notes Payable | 2022-RTL1 Securitization                  
Variable Interest Entity [Line Items]                  
Debt instrument, face amount   $ 608,700,000              
Long-term debt   $ 479,200,000              
Securitization Notes Payable | Consumer Loan Companies                  
Variable Interest Entity [Line Items]                  
Debt instrument, face amount                 $ 663,000,000
Secured Notes and Bonds Payable | Sculptor                  
Variable Interest Entity [Line Items]                  
Notes payable       $ 350,000,000   $ 350,000,000      
Notes payable retained by company       127,800,000   127,800,000      
Unsecured notes, net of issuance costs       221,800,000   221,800,000      
Secured Notes and Bonds Payable | Class A Notes | Sculptor                  
Variable Interest Entity [Line Items]                  
Notes payable retained by company       20,000,000   20,000,000      
Secured Notes and Bonds Payable | Class C Notes | Sculptor                  
Variable Interest Entity [Line Items]                  
Notes payable retained by company       20,000,000   20,000,000      
Secured Notes and Bonds Payable | Subordinated Notes | Sculptor                  
Variable Interest Entity [Line Items]                  
Notes payable retained by company       87,800,000   87,800,000      
VIE, Consolidated | Securitization Notes Payable | Securitization Facility, 2021-1                  
Variable Interest Entity [Line Items]                  
Debt instrument, face amount     $ 750,000,000            
Debt instrument, term     3 years            
VIE, Consolidated | Line of Credit | Revolving Credit Facility                  
Variable Interest Entity [Line Items]                  
Maximum borrowing capacity       52,500,000   52,500,000      
Maximum borrowing capacity per quarter           $ 20,000,000      
Variable interest rate spread           3.00%      
Unused commitment fee percentage           1.15%      
Related Party | VIE, Consolidated                  
Variable Interest Entity [Line Items]                  
Unsecured notes, net of issuance costs       2,900,000,000   $ 2,900,000,000      
Related Party | VIE, Consolidated | Retained Interest                  
Variable Interest Entity [Line Items]                  
Unsecured notes, net of issuance costs       $ 500,000,000   $ 500,000,000      
Advance Purchaser | Corporate Joint Venture                  
Variable Interest Entity [Line Items]                  
Ownership percentage       89.30%   89.30%      
Advance Purchaser | Corporate Joint Venture | VIE, Consolidated                  
Variable Interest Entity [Line Items]                  
Ownership percentage       89.30%   89.30%      
[1] The Company's Consolidated Balance Sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs classified as collateralized financing entities (“CFEs”) that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp. As of June 30, 2024 and December 31, 2023, total assets of such consolidated VIEs were $5.1 billion and $5.6 billion, respectively, and total liabilities of such consolidated VIEs were $4.2 billion and $4.7 billion, respectively. See Note 20 for further details.