XML 91 R79.htm IDEA: XBRL DOCUMENT v3.24.2.u1
RESIDENTIAL MORTGAGE LOANS - Schedule of Activity for Residential Mortgage Loans (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loans HFS, beginning balance [1] $ 2,540,742  
Transfer of loans to REO (8,841) $ (14,662)
Impairment (loss) reversal (1,268) $ (3,009)
Loans HFS, ending balance [1] 3,910,823  
Residential Portfolio Segment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loans HFS, beginning balance 2,919,786  
Originations 25,518,069  
Sales (24,568,303)  
Purchases/additional fundings 922,076  
Proceeds from repayments (71,271)  
Transfer of loans (to) from other assets (465,742)  
Transfer of loans to REO (5,690)  
Transfers of loans to held-for-sale (52)  
Transfer of loans from held-for-investment 52  
Impairment (loss) reversal 3,339  
Changes in instrument-specific credit risk 24,098  
Other factors 3,327  
Loans HFS, ending balance 4,279,689  
Loans HFI, at Fair Value | Residential Portfolio Segment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loans HFI, beginning balance 379,044  
Originations 0  
Sales 0  
Purchases/additional fundings 0  
Proceeds from repayments (23,313)  
Transfer of loans (to) from other assets 0  
Transfer of loans to REO (1,943)  
Transfers of loans to held-for-sale (52)  
Transfer of loans from held-for-investment 0  
Impairment (loss) reversal 0  
Changes in instrument-specific credit risk 13,632  
Other factors 1,498  
Loans HFI, ending balance 368,866  
Residential Mortgage Loans, Held-for-Sale | Residential Portfolio Segment | Loans HFS, at Lower of Cost or Fair Value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loans HFS, beginning balance 78,877  
Originations 0  
Sales 0  
Purchases/additional fundings 0  
Proceeds from repayments (5,518)  
Transfer of loans (to) from other assets (2,479)  
Transfer of loans to REO (1,325)  
Transfers of loans to held-for-sale 0  
Transfer of loans from held-for-investment 0  
Impairment (loss) reversal 3,339  
Changes in instrument-specific credit risk 0  
Other factors 0  
Loans HFS, ending balance 72,894  
Residential Mortgage Loans, Held-for-Sale | Residential Portfolio Segment | Loans HFS, at Fair Value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Loans HFS, beginning balance 2,461,865  
Originations 25,518,069  
Sales (24,568,303)  
Purchases/additional fundings 922,076  
Proceeds from repayments (42,440)  
Transfer of loans (to) from other assets (463,263)  
Transfer of loans to REO (2,422)  
Transfers of loans to held-for-sale 0  
Transfer of loans from held-for-investment 52  
Impairment (loss) reversal 0  
Changes in instrument-specific credit risk 10,466  
Other factors 1,829  
Loans HFS, ending balance $ 3,837,929  
[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.