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OTHER ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2023
Other Income Assets And Liabilities  
Schedule of Other Assets and Liabilities
Other Assets and Accrued Expenses and Other Liabilities consist of the following:
Other AssetsAccrued Expenses
and Other Liabilities
December 31,December 31,
2023202220232022
Assets of consolidated funds$340,929 $— Accounts payable$165,144 $155,492 
Deferred tax asset279,019 — Accrued compensation and benefits290,464 112,762 
Derivative and hedging assets (Note 18)28,080 52,229 Deferred tax liability801,857 711,855 
Due from related parties32,319 — Derivative liabilities (Note 18)115,531 18,064 
Equity investments(A)
173,882 71,388 Escheat payable169,914 113,772 
Excess MSRs, at fair value (Note 5)271,150 321,803 Interest payable149,552 87,700 
Goodwill (Note 16)(B)
131,857 85,199 Lease liability (Note 17)159,236 101,225 
Income and fees receivable59,134 — Liabilities of consolidated funds219,920 — 
Intangible assets (Note 16)387,920 141,413 Unearned income and fees37,468 — 
Loan Receivable, at fair value(C)
31,323 94,401 Other liabilities223,293 185,797 
Margin receivable, net(D)
75,947 20,614 $2,332,379 $1,486,667 
Notes Receivable(E)
398,227 — 
Operating lease right-of-use asset (Note 17)104,207 77,329 
Other receivables152,046 146,131  
Prepaid expenses62,513 60,817 
Principal and interest receivable161,695 106,608 
Property and equipment40,038 37,883 
Real Estate Owned15,507 19,379 
Servicer advances, at fair value (Note 7)376,881 398,820 
Servicing fee receivables156,777 128,438 
Warrants, at fair value16,599 19,346 
Other assets182,881 132,809 
$3,478,931 $1,914,607 
(A)Represents equity investments in (i) commercial redevelopment projects and (ii) operating companies providing services throughout the real estate industry, including investments in Covius Holding Inc., a provider of various technology-enabled services to the mortgage and real estate sectors, preferred stock of Valon, a residential mortgage servicing and technology company, and preferred stock of Covalto Ltd. (formerly known as Credijusto Ltd.), a financial services company and (iii) funds related to Sculptor.
(B)Includes goodwill derived from the acquisition of Shellpoint Partners LLC, Guardian, Genesis and Sculptor.
(C)Represents loans made pursuant to a senior credit agreement and a senior subordinated credit agreement to an entity affiliated with funds managed by an affiliate of the Former Manager. The loans are accounted for under the fair value option.
(D)Represents collateral posted as a result of changes in fair value of Rithm Capital’s (i) real estate securities securing its secured financing agreements and (ii) derivative instruments.
(E)Represents notes receivable secured by commercial properties. The notes are accounted for under the fair value option.
Schedule of Real Estate Owned
The following table presents activity related to the carrying value of investments in REO:
Balance at December 31, 2021
$21,641 
Purchases210 
Property received in satisfaction of loan14,936 
Sales(A)
(18,349)
Valuation (provision) reversal941 
Balance at December 31, 2022
$19,379 
Purchases— 
Property received in satisfaction of loan21,943 
Sales(A)
(27,512)
Valuation (provision) reversal 1,697 
Balance at December 31, 2023
$15,507 
(A)Recognized when control of the property has transferred to the buyer.
Schedule of Accounts, Notes and Loans Receivable
The following table summarizes residential mortgage loans outstanding by loan type:
December 31,
20232022
Outstanding Face AmountCarrying
Value		Loan
Count		Weighted Average Yield
Weighted Average Life (Years)(A)
Carrying Value
Total residential mortgage loans, held-for-investment, at fair value$448,060 $379,044 8,328 8.1 %5.5$452,519 
Acquired performing loans(B)
67,955 57,038 1,887 8.1 %5.972,425 
Acquired non-performing loans(C)
26,381 21,839 326 8.5 %5.628,602 
Total residential mortgage loans, held-for-sale, at lower of cost or market$94,336 $78,877 2,213 8.2 %5.8$101,027 
Acquired performing loans(B)(D)
423,644 400,603 1,972 5.7 %16.4890,131 
Acquired non-performing loans(C)(D)
220,962 204,950 1,135 4.6 %25.2340,342 
Originated loans1,816,318 1,856,312 5,850 7.1 %29.42,066,798 
Total residential mortgage loans, held-for-sale, at fair value$2,460,924 $2,461,865 8,957 6.6 %26.8$3,297,271 
Total residential mortgage loans, held-for-sale, at fair value/lower of cost or market$2,555,260 $2,540,742 $3,398,298 
(A)For loans classified as Level 3 in the fair value hierarchy, the weighted average life is based on the expected timing of the receipt of cash flows. For Level 2 loans, the weighted average life is based on the contractual term of the loan.
(B)Performing loans are generally placed on non-accrual status when principal or interest is 90 days or more past due.
(C)As of December 31, 2023, Rithm Capital has placed non-performing loans, held-for-sale on non-accrual status, except as described in (D) below.
(D)Includes $224.5 million and $198.2 million UPB of Ginnie Mae Early Buyout Options performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.
The following table summarizes mortgage loans receivable outstanding by loan purpose as of December 31, 2023:
Carrying
Value(A)
% of PortfolioLoan
Count		% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)
Weighted Average Committed Loan Balance to Value(B)
December 31, 2023
Construction$934,131 41.8 %371 27.0 %10.5 %16.2
74.0% / 63.0%
Bridge1,009,667 45.3 %652 47.6 %9.6 %26.568.8%
Renovation289,115 12.9 %349 25.4 %10.0 %13.5
80.5% / 68.6%
$2,232,913 100.0 %1,372 100.0 %10.1 %20.4N/A
December 31, 2022
Construction$965,495 46.8 %622 37.1 %8.3 %15.0
76.8% / 65.6%
Bridge838,539 40.6 %701 41.8 %8.1 %20.1
75.3%
Renovation259,994 12.6 %354 21.1 %8.3 %13.0
78.0% / 66.1%
$2,064,028 100.0 %1,677 100.0 %8.2 %16.5N/A
(A)Mortgage loans receivable are carried at fair value. See Note 20 regarding fair value measurements.
(B)Weighted by commitment LTV for bridge loans, loan-to-cost and loan-to-after-repair-value for construction and renovation loans.

The following table summarizes the activity for mortgage loans receivable:
Balance at December 31, 2021$1,515,762 
Initial loan advances1,438,117 
Construction holdbacks and draws559,294 
Paydowns and payoffs(1,405,278)
Purchased loans discount (premium) amortization(43,867)
Balance at December 31, 2022
$2,064,028 
Purchases146,631 
Initial loan advances1,380,187 
Construction holdbacks and draws667,656 
Paydowns and payoffs(2,025,890)
Purchased loans discount (premium) amortization668 
Fair value adjustments due to:
Changes in instrument-specific credit risk— 
Other factors(367)
Balance at December 31, 2023
$2,232,913 
The following table summarizes the activity for notes and loans receivable:
Notes ReceivableLoans ReceivableTotal
Balance at December 31, 2021
$60,549 $229,631 $290,180 
Fundings9,000 — 9,000 
Payment in Kind3,741 9,195 12,936 
Proceeds from repayments(9,000)(143,256)(152,256)
Transfer to other assets(1,000)— (1,000)
Fair value adjustments due to:
Changes in instrument-specific credit risk(63,062)— (63,062)
Other factors(228)(1,169)(1,397)
Balance at December 31, 2022
$— $94,401 $94,401 
Fundings(A)
399,977 — 399,977 
Payment in Kind— 5,636 5,636 
Proceeds from repayments(1,750)(68,945)(70,695)
Transfer to other assets— — — 
Fair value adjustments due to:
Changes in instrument-specific credit risk— — — 
Other factors— 231 231 
Balance at December 31, 2023
$398,227 $31,323 $429,550 
(A)Rithm Capital acquired two notes receivable during 2023 collateralized by commercial real estate.
Schedule of Performing Loans Past Due
The following table summarizes the difference between the aggregate UPB and the aggregate carrying value of loans:
December 31,
20232022
Days Past DueUPBCarrying ValueCarrying Value Over (Under) UPBUPBCarrying ValueCarrying Value Over (Under) UPB
90+$313,122 $281,556 $(31,566)$468,147 $423,321 $(44,826)
The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of mortgage loans receivable:
December 31,
20232022
Days Past DueUPBCarrying ValueCarrying Value Over (Under) UPBUPBCarrying ValueCarrying Value Over (Under) UPB
Current$2,184,470 $2,183,047 $(1,423)$2,064,028 $2,064,028 $— 
90+49,929 49,866 (63)— — — 
$2,234,399 $2,232,913 $(1,486)$2,064,028 $2,064,028 $— 
The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of notes and loans receivable:
December 31,
20232022
Days Past DueUPB
Carrying Value(A)
Carrying Value Over (Under) UPBUPB
Carrying Value(A)
Carrying Value Over (Under) UPB
Current$565,786 $429,550 $(136,236)$157,745 $94,401 $(63,344)
90+— — — — — — 
(A)Notes and loans receivable are carried at fair value. See Note 20 regarding fair value measurements.