Rithm Capital (RITM) 10-K16 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2023	Feb. 09, 2024	Jun. 30, 2023
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35777
Entity Registrant Name	Rithm Capital Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3449660
Entity Address, Address Line One	799 Broadway
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10003
City Area Code	(212)
Local Phone Number	850-7770
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 4.5
Entity Common Stock, Shares Outstanding		483,226,239
Documents Incorporated by Reference	The information required by Part III (Items 10, 11, 12, 13 and 14) will be incorporated by reference from the registrant’s Definitive Proxy Statement for its 2024 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
Entity Central Index Key	0001556593
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Common Stock, $0.01 par value per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	RITM
Security Exchange Name	NYSE
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	RITM PR A
Security Exchange Name	NYSE
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	RITM PR B
Security Exchange Name	NYSE
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	RITM PR C
Security Exchange Name	NYSE
7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
Trading Symbol	RITM PR D
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York
Auditor Firm ID	42

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value	[1]	$ 8,405,938	$ 8,889,403
Real estate and other securities (includes $9,757,664 and 8,289,277 at fair value, respectively)		9,782,217	8,289,277
Residential loans, held-for-investment, at fair value		379,044	452,519
Residential mortgage loans, held-for-sale ([$2,461,865] and $3,297,271 at fair value, respectively)	[1]	2,540,742	3,398,298
Consumer loans held-for-investment, at fair value	[1]	1,274,005	363,756
Single-family rental properties		1,001,928	971,313
Mortgage loans receivable, at fair value	[1]	2,232,913	2,064,028
Residential mortgage loans subject to repurchase	[2]	1,782,998	1,219,890
Cash and cash equivalents	[1]	1,287,199	1,336,508
Restricted cash	[1]	385,620	281,126
Servicer advances receivable		2,760,250	2,825,485
Receivable for investments sold		0	473,126
Other assets ([$1,489,419] and [$921,373] at fair value, respectively)	[1]	3,478,931	1,914,607
Total assets		35,311,785	32,479,336
Liabilities
Secured financing agreements	[1]	12,561,283	11,257,736
Secured notes and bonds payable ([$554,800] and $632,404 at fair value, respectively)	[1]	10,679,186	10,098,943
Residential mortgage loan repurchase liability	[2]	1,782,998	1,219,890
Unsecured notes, net of issuance costs		719,004	545,056
Payable for investments purchased		0	731,216
Dividends payable		135,897	129,760
Accrued expenses and other liabilities ([$333,688] and [$18,064] at fair value, respectively)	[1]	2,332,379	1,486,667
Total liabilities		28,210,747	25,469,268
Commitments and Contingencies
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 and 51,964,122 issued and outstanding, $1,299,104 and $1,299,104 aggregate liquidation preference, respectively		1,257,254	1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 483,226,239 and 473,715,100 issued and outstanding, respectively		4,833	4,739
Additional paid-in capital		6,074,322	6,062,019
Retained earnings (accumulated deficit)		(373,141)	(418,662)
Accumulated other comprehensive income		43,674	37,651
Total Rithm Capital stockholders’ equity		7,006,942	6,943,001
Noncontrolling interests in equity of consolidated subsidiaries	[1]	94,096	67,067
Total equity		7,101,038	7,010,068
Liabilities and Equity		$ 35,311,785	$ 32,479,336

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details. See Note 6 for details.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real estate and other securities at fair value	$ 9,757,664	$ 8,289,277
Residential mortgage loans, held-for-sale, at fair value	2,461,865	3,297,271
Other assets at fair value	1,489,419	921,373
Secured notes and bonds payable, at fair value	554,800	632,404
Accrued expenses and other liabilities at fair value	$ 333,688	$ 18,064
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	51,964,122	51,964,122
Preferred stock, shares outstanding (in shares)	51,964,122	51,964,122
Preferred stock, liquidation preference	$ 1,299,104	$ 1,299,104
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	483,226,239	473,715,100
Common stock, shares outstanding (in shares)	483,226,239	473,715,100
Assets	$ 35,311,785	$ 32,479,336
Liabilities	28,210,747	25,469,268
Variable Interest Entity, Primary Beneficiary
Residential mortgage loans, held-for-sale, at fair value	1,112,097	844,000
Assets	2,521,407	2,257,091
Liabilities	$ 2,058,044	$ 1,778,901

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	$ 3,715,496	$ 4,952,416	$ 3,785,076
Total revenues	3,798,177	4,952,416	3,785,076
Expenses
Interest expense and warehouse line fees	1,421,254	791,001	497,308
General and administrative	730,752	875,428	864,028
Compensation and benefits	787,092	1,231,446	1,159,810
Management fee to affiliate	0	46,174	95,926
Termination fee to affiliate	0	400,000	0
Total operating expenses	2,939,098	3,344,049	2,617,072
Other income (loss)
Realized and unrealized gains (losses), net	(37,236)	(200,181)	(207,437)
Other income (loss), net	(69,010)	(145,385)	3,241
Total other income (loss)	(106,246)	(345,566)	(204,196)
Income (loss) before income taxes	752,833	1,262,801	963,808
Income tax expense	122,159	279,516	158,226
Net income (loss)	630,674	983,285	805,582
Noncontrolling interests in income of consolidated subsidiaries	8,417	28,766	33,356
Dividends on preferred stock	89,579	89,726	66,744
Net income (loss) attributable to common stockholders - basic	532,678	864,793	705,482
Net income (loss) attributable to common stockholders - diluted	$ 532,678	$ 864,793	$ 705,482
Net income (loss) per share of common stock
Basic (in dollars per share)	$ 1.11	$ 1.84	$ 1.56
Diluted (in dollars per share)	$ 1.10	$ 1.80	$ 1.51
Weighted average number of shares of common stock outstanding
Basic (in shares)	481,934,951	468,836,718	451,276,742
Diluted (in shares)	483,716,715	481,636,125	467,665,006
Dividends declared per share of common stock (in dollars per share)	$ 1	$ 1	$ 0.90
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	$ 1,860,255	$ 1,831,964	$ 1,559,554
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(518,978), $(631,120) and $(1,192,646), respectively)
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	(565,684)	727,334	(577,763)
Servicing revenue, net
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	1,294,571	2,559,298	981,791
Interest income
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	1,676,324	1,075,981	810,896
Gain on originated residential mortgage loans, held-for-sale, net
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	508,434	1,086,232	1,826,909
Other revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	236,167	230,905	165,480
Asset management revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Total revenues	$ 82,681	$ 0	$ 0

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
MSRs
Realization of cash flows	$ (518,978)	$ (631,120)	$ (1,192,646)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income (loss)	$ 630,674	$ 983,285	$ 805,582
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on available-for-sale securities, net	5,437	(52,602)	29,944
Reclassification of net realized (gain) loss on available-for-sale securities, net into net income	0	0	(5,388)
Cumulative translation adjustment	586	0	0
Comprehensive income (loss)	636,697	930,683	830,138
Comprehensive income (loss) attributable to noncontrolling interests	8,417	28,766	33,356
Dividends on preferred stock	89,579	89,726	66,744
Comprehensive income (loss) attributable to common stockholders	$ 538,701	$ 812,191	$ 730,038

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Preferred Stock	Cumulative Effect, Period of Adoption, Adjustment	Total Rithm Capital Stockholders’ Equity	Total Rithm Capital Stockholders’ Equity Common Stock	Total Rithm Capital Stockholders’ Equity Preferred Stock	Preferred Stock	Preferred Stock Preferred Stock	Common Stock	Common Stock Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Common Stock	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income	Noncontrolling Interests in Equity of Consolidated Subsidiaries
Preferred stock, shares outstanding, beginning balance (in shares) at Dec. 31, 2020								33,610,000
Common stock, shares outstanding beginning balance (in shares) at Dec. 31, 2020										414,744,518
Equity, beginning balance at Dec. 31, 2020	$ 5,429,684				$ 5,321,016			$ 812,992		$ 4,148		$ 5,547,108		$ (1,108,929)	$ 65,697	$ 108,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock	(409,595)				(409,595)									(409,595)
Dividends declared on preferred stock	(66,744)				(66,744)									(66,744)
Capital distributions	(55,600)															(55,600)
Issuance stock (in shares)									18,600,000		51,903,346
Issuance of stock		$ 513,421	$ 449,489			$ 513,421	$ 449,489		$ 449,489		$ 519		$ 512,902
Purchase of non-controlling interest	(22,523)				(1,447)							(1,447)				(21,076)
Director share grants and employee non-cash stock-based compensation (in shares)										110,402
Director share grants and employee non-cash stock-based compensation	1,110				1,110					$ 2		1,108
Comprehensive income (loss)
Net income (loss)	805,582				772,226									772,226		33,356
Unrealized gain (loss) on available-for-sale securities, net	29,944				29,944										29,944
Reclassification of realized (gain) loss on available-for-sale securities, net into net income	(5,388)				(5,388)										(5,388)
Cumulative translation adjustment	0
Total comprehensive income (loss)	830,138				796,782											33,356
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 31, 2021								52,210,000
Common stock, shares outstanding ending balance (in shares) at Dec. 31, 2021										466,758,266
Equity, ending balance at Dec. 31, 2021	6,669,380				6,604,032			$ 1,262,481		$ 4,669		6,059,671		(813,042)	90,253	65,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock	(470,413)				(470,413)									(470,413)
Dividends declared on preferred stock	(89,726)				(89,726)									(89,726)
Capital distributions	(27,047)															(27,047)
Repurchases of preferred stock (in shares)								(245,878)
Repurchases of preferred stock	(5,227)				(5,227)			$ (5,227)
Cashless exercise of 2020 Warrants (in shares)										6,858,347
Cashless exercise of 2020 Warrants	0									$ 69		(69)
Director share grants and employee non-cash stock-based compensation (in shares)										98,487
Director share grants and employee non-cash stock-based compensation	2,418				2,418					$ 1		2,417
Comprehensive income (loss)
Net income (loss)	983,285				954,519									954,519		28,766
Unrealized gain (loss) on available-for-sale securities, net	(52,602)				(52,602)										(52,602)
Reclassification of realized (gain) loss on available-for-sale securities, net into net income	0
Cumulative translation adjustment	0
Total comprehensive income (loss)	$ 930,683				901,917											28,766
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 31, 2022	51,964,122							51,964,122
Common stock, shares outstanding ending balance (in shares) at Dec. 31, 2022	473,715,100									473,715,100
Equity, ending balance at Dec. 31, 2022	$ 7,010,068			$ 0	6,943,001			$ 1,257,254		$ 4,739		6,062,019		(418,662)	37,651	67,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]
2020 Warrants	0
Dividends declared on common stock	(483,192)				(483,192)									(483,192)
Dividends declared on preferred stock	(89,579)				(89,579)									(89,579)
Capital contributions	4,733															4,733
Capital distributions	(21,994)															(21,994)
Issuance of stock			$ 0
Cashless exercise of 2020 Warrants (in shares)										9,287,347
Cashless exercise of 2020 Warrants	0									$ 93		(93)
Purchase of non-controlling interest	35,873				0							0				35,873
Director share grants and employee non-cash stock-based compensation (in shares)										223,792
Director share grants and employee non-cash stock-based compensation	8,432				8,432					$ 1		12,396		(3,965)
Comprehensive income (loss)
Net income (loss)	630,674				622,257									622,257		8,417
Unrealized gain (loss) on available-for-sale securities, net	5,437				5,437										5,437
Reclassification of realized (gain) loss on available-for-sale securities, net into net income	0
Cumulative translation adjustment	586				586										586
Total comprehensive income (loss)	$ 636,697				628,280											8,417
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 31, 2023	51,964,122							51,964,122
Common stock, shares outstanding ending balance (in shares) at Dec. 31, 2023	483,226,239									483,226,239
Equity, ending balance at Dec. 31, 2023	$ 7,101,038				$ 7,006,942			$ 1,257,254		$ 4,833		$ 6,074,322		$ (373,141)	$ 43,674	$ 94,096

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	1 Months Ended			12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared per share of common stock (in dollars per share)	$ 0.25	$ 0.25	$ 0.25	$ 1	$ 1	$ 0.90

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Cash Flows From Operating Activities
Net income (loss)	$ 630,674		$ 983,285		$ 805,582
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	843,878		(1,108,366)		(11,723)
Change in fair value of equity investments	28,407		13,265		(5,986)
Change in fair value of secured notes and bonds payable	17,155		(45,792)		(12,991)
(Gain) loss on settlement of investments, net	(820,238)		1,354,263		232,151
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(508,434)		(1,086,232)		(1,826,909)
(Gain) loss on transfer of loans to real estate owned (“REO”)	(10,224)		(7,726)		(3,752)
Accretion and other amortization	(120,699)		(91,891)		(49,382)
Provision (reversal) for credit losses on securities, loans and REO	(478)		14,962		(47,744)
Non-cash portions of servicing revenue, net	618,005		(639,945)		577,763
Deferred tax provision	90,002		271,167		151,200
Mortgage loans originated and purchased for sale, net of fees	(39,817,843)		(76,420,262)		(130,737,605)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	40,420,708		83,313,008		132,834,967
Interest received from servicer advance investments, RMBS, loans and other	54,485		62,375		153,539
Changes in:
Servicer advances receivable, net	15,022		(36,695)		226,173
Other assets	(428,763)		405,469		939,953
Due to affiliates	0		(17,819)		8,369
Accrued expenses and other liabilities	89,897		(89,003)		(349,733)
Net cash provided by (used in) operating activities	1,101,554		6,874,063		2,883,872
Cash Flows From Investing Activities
Business acquisitions, net of cash acquired	(324,783)		0		(1,173,171)
Maturity of U.S. Treasury Bills	1,030,000		0		0
Purchase of U.S. Treasury Bills	(998,148)		0		0
Purchase of servicer advance investments	(852,015)		(988,847)		(1,286,526)
Purchase of RMBS	(4,094,934)		(15,629,483)		(6,099,550)
U.S. Treasury Note short sales	1,765,360		0		0
Reverse repurchase agreements entered	(1,769,601)		0		0
Purchase of residential mortgage loans	0		(7,182)		0
Purchase of SFR properties, MSRs and other assets	(106,351)		(416,610)		(1,390,317)
Purchase of mortgage loans receivable	(146,631)		0		0
Draws on revolving consumer loans	(27,510)		(29,615)		(29,002)
Net settlement of derivatives and hedges	867,637		311,073		(182,971)
Return of investments in Excess MSRs	31,940		17,701		54,037
Principal repayments from servicer advance investments	880,861		1,033,326		1,382,344
Principal repayments from RMBS	693,546		1,091,538		2,330,850
Principal repayments from residential mortgage loans	47,735		85,836		119,841
Principal repayments from consumer loans	439,540		140,574		214,619
Proceeds from sale of MSRs and MSR financing receivables	705,300		10,698		62,971
Proceeds from sale of RMBS	2,087,419		14,565,043		8,238,974
Proceeds from sale of residential mortgage loans	0		0		9,922
Proceeds from sale of REO	23,153		14,201		54,232
Net cash provided by (used in) investing activities	252,518		198,253		2,306,253
Cash Flows From Financing Activities
Repayments of secured financing agreements	(48,921,875)		(55,998,234)		(69,206,600)
Repayments of warehouse credit facilities	(41,096,041)		(83,793,352)		(130,744,991)
Net settlement of margin deposits under repurchase agreements and derivatives	(862,662)		1,460,458		249,367
Repayments of secured notes and bonds payable	(7,636,954)		(4,696,136)		(8,078,073)
Deferred financing fees	(7,364)		(11,062)		(8,385)
Dividends paid on common and preferred stock	(570,878)		(558,301)		(438,544)
Borrowings under secured financing agreements	50,079,186		54,385,892		64,749,425
Borrowings under warehouse credit facilities	41,065,479		76,069,417		129,899,057
Borrowings under secured notes and bonds payable	6,669,483		6,192,823		7,964,077
Issuance of common and preferred stock	0		0		962,910
Repurchase of common and preferred stock	0		(5,227)		0
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(17,261)		(27,047)		(78,123)
Payment of contingent consideration	0		(2,355)		(12,276)
Net cash provided by (used in) financing activities	(1,298,887)		(6,983,124)		(4,742,156)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	55,185		89,192		447,969
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,617,634		1,528,442		1,080,473
Cash, Cash Equivalents, and Restricted Cash, End of Period	1,672,819		1,617,634		1,528,442
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	1,361,090		734,232		505,978
Cash paid during the period for income taxes	6,524		4,012		23,506
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	143,199		140,984		139,170
Transfer from residential mortgage loans to REO and other assets	21,943		14,936		30,020
Real estate securities retained from loan securitizations	113,136		206,082		173,631
Residential mortgage loans subject to repurchase	1,782,998	[1]	1,219,890	[1]	1,787,314
Purchase of Agency RMBS, settled after quarter-end	0		731,216		0
Cashless exercise of 2020 warrants (par)	93		69
Seller financing in acquisition of notes receivable	323,452		0		0
Genesis Acquisition
Supplemental Schedule of Non-Cash Investing and Financing Activities
Seller financing in acquisition	0		0		1,256,279
Marcus Acquisition
Supplemental Schedule of Non-Cash Investing and Financing Activities
Seller financing in acquisition	$ 1,317,347		$ 0		$ 0

[1] See Note 6 for details.

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	12 Months Ended
BUSINESS AND ORGANIZATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS AND ORGANIZATION	BUSINESS AND ORGANIZATION Rithm Capital Corp. (together with its consolidated subsidiaries, “Rithm Capital,” the “Company” or “we,” “our” and “us”) is a global asset manager focused on real estate, credit and financial services. Rithm Capital is a Delaware corporation that was formed as a limited liability company in September 2011 (commenced operations in December 2011) and for the purpose of making real estate and financial related investments. Prior to June 17, 2022, Rithm Capital operated under a management agreement (the “Management Agreement”) with FIG LLC (the “Former Manager”), an affiliate of Fortress Investment Group LLC. Effective June 17, 2022, Rithm Capital entered into an internalization agreement with the Former Manager, pursuant to which the Management Agreement was terminated and the Company internalized its management functions (such transactions, the “Internalization”). As a result of the Internalization, Rithm Capital operates as an internally managed Real Estate Investment Trust (“REIT”). In connection with the termination of the Management Agreement, the Company agreed to pay the Former Manager $400.0 million (subject to certain adjustments), which payments were completed by December 15, 2022. We seek to generate long-term value for our investors by using our investment expertise to identify, manage and invest in real estate related and other financial assets and more recently, broader asset management capabilities, in each case that provides investors with attractive risk-adjusted returns. Our investments in real estate related assets include our equity interest in operating companies, including leading origination and servicing platforms held through wholly-owned subsidiaries, Newrez LLC (“Newrez”) and Genesis Capital LLC (“Genesis”), as well as investments in single-family rentals (“SFR”), title, appraisal and property preservation and maintenance businesses. Our strategy involves opportunistically pursuing acquisitions and seeking to establish strategic partnerships that we believe enable us to maximize the value of our investments by offering products and services related to the lifecycle of transactions that affect each mortgage loan and underlying residential property or collateral. We operate our asset management business primarily through our wholly-owned subsidiary, Sculptor Capital Management, Inc. (“Sculptor”). Sculptor is a leading global alternative asset manager and provides asset management services and investment products across credit, real estate and multi-strategy platforms through commingled funds, separate accounts and other alternative investment vehicles. We completed the Sculptor Acquisition (as defined below) on November 17, 2023. As of December 31, 2023, Rithm Capital conducted its business through the following segments: (i) Origination and Servicing, (ii) Investment Portfolio, (iii) Mortgage Loans Receivable, (iv) Asset Management and (v) Corporate. Within our portfolio, we target complementary assets that generate stable long-term cash flows and employ conservative capital structures in an effort to generate returns across different interest rate environments. Our investment approach and capital allocation decisions combine a focus on asset selection, relative value and risk management, while taking into consideration available financing and other relevant macroeconomic factors. In our efforts to identify and invest in target assets, we compete with banks, other REITs, non-bank mortgage lenders and servicers, private equity firms, alternative assets managers, hedge funds and other large financial services companies. In the face of this competition, the experience of members of our management team and dedicated investment professionals provide us with a competitive advantage when pursuing attractive investment opportunities. During 2023, our servicing and origination businesses operated through our wholly-owned subsidiaries Newrez and Caliber Home Loans Inc. (“Caliber”, and together with Newrez, the “Mortgage Company”). The integration of Caliber operations was completed in the fourth quarter of 2023 and as such all Mortgage Company operations are within Newrez as of December 31, 2023. Our residential mortgage origination business sources and originates loans through four distinct channels: Direct to Consumer, Retail, Wholesale and Correspondent. Additionally, our servicing platform complement our origination business and offer our subsidiaries and third-party clients performing and special servicing capabilities. We also operate additional real estate related businesses, including Avenue 365 Lender Services, LLC, our title company, and eStreet Appraisal Management LLC, our appraisal management company. Our real estate businesses also include Adoor LLC (“Adoor”), a wholly-owned subsidiary, which is focused on the acquisition and management of our SFR properties and Genesis, a lender for experienced developers and investors of residential real estate, which also supports our Adoor business. We also have investments in Guardian Asset Management (“Guardian”), a national provider of field services and property management services. Rithm Capital, through its wholly-owned subsidiaries New Residential Mortgage LLC (“NRM”) and Newrez, is licensed or otherwise eligible to service residential mortgage loans in all states within the United States and the District of Columbia. NRM and the Mortgage Company are also approved to service mortgage loans on behalf of investors, including Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”, and together with Fannie Mae, “Government Sponsored Enterprises” or “GSEs”), and in the case of Newrez, Government National Mortgage Association (“Ginnie Mae”). Newrez is also eligible to perform servicing on behalf of other servicers (subservicing) and investors. Newrez sells substantially all of the mortgage loans that it originates into the secondary market. Newrez securitizes loans into residential mortgage-backed securities (“RMBS”) through the GSEs and Ginnie Mae. Loans originated outside of the GSEs, guidelines of the Federal Housing Administration (“FHA”), United States Department of Agriculture or Department of Veterans Affairs (for loans securitized with Ginnie Mae) are sold to private investors and mortgage conduits. Newrez generally retains the right to service the underlying residential mortgage loans sold and securitized by Newrez. NRM and Newrez are required to conduct aspects of their operations in accordance with applicable policies and guidelines. We seek to protect book value and the value of our assets by actively managing and hedging our portfolio. Diversification of our overall portfolio, including our portfolio assets and operating entities, and a variety of hedging strategies help contribute to book value stability. Both our portfolio composition (inclusive of long and short duration instruments and various operating businesses) and specific hedging instruments (including Agency mortgage-backed securities (“MBS”) to-be-announced forward contract positions (“TBAs”), interest rate swaps and others) are employed to mitigate book value volatility. We believe that the actions we have taken over the past number of years to diversify and grow our portfolio have allowed us to operate efficiently and perform dynamically across economic conditions. We also seek to protect our assets and reduce the impact of prepayments on our mortgage servicing rights (“MSRs”) and Excess mortgage servicing right (“Excess MSR”) investments through own recapture efforts and agreements with our subservicers. Under our agreements with subservicers, Rithm Capital is generally entitled to the MSRs or a pro rata interest in the Excess MSRs on any initial or subsequent refinancing of loans relating to MSRs and Excess MSRs subserviced or serviced by PHH Mortgage Corporation (“PHH”), Mr. Cooper Group Inc. (“Mr. Cooper”), Valon Mortgage, Inc. (“Valon”), Specialized Loan Servicing LLC (“SLS”) or Shellpoint Mortgage Servicing. Rithm Capital has elected and intends to qualify to be taxed as a REIT for United States of America (“U.S.”) federal income tax purposes. As such, Rithm Capital will generally not be subject to U.S. federal corporate income tax on that portion of its net income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. See Note 2 and Note 25 for additional information regarding Rithm Capital’s taxable REIT subsidiaries (“TRSs”). Acquisition of Sculptor Capital Management, Inc. Rithm Capital acquired Sculptor on November 17, 2023 pursuant to the Agreement and Plan of Merger (including the schedules and exhibits thereto and as amended by Amendment No. 1 to the Merger Agreement and Amendment No. 2 to the Merger Agreement) (the “Sculptor Acquisition”). The purchase price of the Sculptor Acquisition is approximately $630.3 million (see Note 3). Agreement to Acquire Computershare Mortgage Services Inc. On October 2, 2023, Rithm Capital entered into a definitive agreement with Computershare Limited to acquire Computershare Mortgage Services Inc. (“Computershare”) and certain affiliated companies, including SLS, for a purchase price of approximately $720 million (the “Computershare Acquisition”).

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP’’ or “U.S. GAAP”). The consolidated financial statements include the accounts of Rithm Capital and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. Rithm Capital consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity, as well as those entities deemed to be VIEs in which Rithm Capital is determined to be the primary beneficiary. For entities over which Rithm Capital exercises significant influence, but which do not meet the requirements for consolidation, Rithm Capital uses the equity method of accounting whereby it records its share of the underlying income of such entities. Distributions from equity method investees are classified in the Statements of Cash Flows based on the cumulative earnings approach, where all distributions up to cumulative earnings are classified as distributions of earnings. Reclassifications — Certain prior period amounts in Rithm Capital’s Consolidated Financial Statements and respective notes have been reclassified to be consistent with the current period presentation. Such reclassifications had no impact on net income, total assets, total liabilities or stockholders’ equity. Risks and Uncertainties — In the normal course of business, Rithm Capital encounters primarily two significant types of economic risk: credit risk and market risk. Credit risk is the risk of default on Rithm Capital’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of investments due to changes in prepayment rates, interest rates, spreads or other market factors, including risks that impact the value of the collateral underlying Rithm Capital’s investments. Taking into consideration these risks along with estimated prepayments, financings, collateral values, payment histories and other information, Rithm Capital believes that the carrying values of its investments are reasonable. Furthermore, for each of the periods presented, a significant portion of Rithm Capital’s assets are dependent on its servicers’ and subservicers’ ability to perform their obligations servicing the residential mortgage loans underlying Rithm Capital’s Excess MSRs, MSRs, MSR financing receivables, servicer advance investments, Non-Agency RMBS and loans. If a servicer is terminated, Rithm Capital’s right to receive its portion of the cash flows related to interests in servicing related assets may also be terminated. The mortgage and financial sectors operate in a challenging and uncertain economic environment. Financial and real estate companies continue to be affected by, among other things, market volatility, interest rates and inflationary pressures. There is no assurance that such conditions will not result in an overall decline in the fair value of many assets, including those in which the Company invests, and potential impairment of the carrying value of goodwill or other intangible assets. The ultimate duration and impact of the current economic environment remain uncertain. Rithm Capital is subject to significant tax risks. If Rithm Capital were to fail to qualify as a REIT in any taxable year, Rithm Capital would be subject to U.S. federal corporate income tax (including any applicable alternative minimum tax), which could be material. Unless entitled to relief under certain statutory provisions, Rithm Capital would also be disqualified from treatment as a REIT for the four taxable years following the year during which qualification is lost. Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Foreign Currency — The functional currency of substantially all of the Company’s consolidated subsidiaries is the U.S. dollar, as their operations are considered extensions of the U.S. parent’s operations. Monetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars at the closing rates of exchange on the balance sheet date. Nonmonetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars using the historical exchange rate. As a result, no transaction gains or losses are recognized for nonmonetary assets and liabilities. The profit or loss arising from foreign currency transactions are remeasured using the rate in effect on the date of any relevant transaction. Gains and losses on transactions denominated in foreign currencies due to changes in exchange rates are recorded within general and administrative on the Consolidated Statements of Operations. Unrealized gains and losses due to changes in exchange rates related to investments denominated in a currency other than an entity’s functional currency are reported as cumulative translation adjustment in the Consolidated Statements of Comprehensive Income. The Company has a subsidiary acquired as part of the Sculptor Acquisition whose functional currency is the Euro, and the financial statements of such entity are translated into U.S. dollars using the exchange rates prevailing at the end of each reporting period, and the statement of operations of the entity is translated using the rate in effect on the date of any relevant transaction. Gains and losses arising from the translation of monetary assets and liabilities are recorded as a currency translation adjustment in the Consolidated Statements of Comprehensive Income and are included in accumulated other comprehensive income (loss) in the Consolidated Balance Sheets. Business Combinations and Assets Acquisitions — When the assets acquired and liabilities assumed constitute a business, then the acquisition is a business combination. If substantially all of the fair value of the gross asset acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the asset is not considered a business. Business combinations are accounted for under ASC 805, Business Combinations , using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at fair value as of the acquisition date. In a business combination, the initial allocation of the purchase price is considered preliminary and therefore subject to change until the end of the measurement period (up to one year from the acquisition date). Goodwill is calculated as the excess of the consideration transferred over the net assets acquired that meet the criteria for separate recognition and represents the estimated future economic benefits arising from these and other assets acquired that could not be individually identified or do not qualify for recognition as a separate asset. Likewise, a bargain purchase gain is recognized in current earnings when the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree is less than the fair value of the identifiable net assets acquired. Acquisition related costs are expensed as incurred. The results of operations of acquired businesses are included from the date of acquisition. Common control transactions include a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. Common control transactions have characteristics that are similar to a business combination but do not meet the requirements to be accounted for as a business combination. The accounting and reporting for a transaction between entities under common control is addressed in the ASC 805-50, Transactions Between Entities Under Common Control , which requires that the receiving entity recognize the net assets received at their historical carrying amounts. Investment Consolidation and Transfers of Financial Assets — For each investment made, the Company evaluates the underlying entity that issued the securities acquired or to which the Company makes a loan to determine the appropriate accounting. A similar analysis is performed for each entity with which the Company enters into an agreement for management, servicing or related services. In performing the analysis, the Company refers to guidance in ASC 810-10, Consolidation . In situations where the Company is the transferor of financial assets, the Company refers to the guidance in ASC 860-10, Transfers and Servicing . In VIEs, an entity is subject to consolidation under ASC 810-10 if the equity investors either do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support, are unable to direct the entity’s activities or are not exposed to the entity’s losses or entitled to its residual returns. VIEs within the scope of ASC 810-10 are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has both the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. This determination can sometimes involve complex and subjective analyses. Further, ASC 810-10 also requires ongoing assessments of whether an enterprise is the primary beneficiary of a VIE. In accordance with ASC 810-10, all transferees, including variable interest entities, must be evaluated for consolidation. If the Company determines that consolidation is not required, it will then assess whether the transfer of the underlying assets would qualify as a sale, should be accounted for as secured financings under GAAP, or should be accounted for as an equity method investment, depending on the circumstances. In circumstances where an entity does not have the characteristics of a VIE, it would be considered a voting interest entity (“VOE”). The Company would consolidate a VOE where the Company has a majority equity interest and has control over significant operating, financial and investing decisions of the entity. A Special Purpose Entity (“SPE”) is an entity designed to fulfill a specific limited need of the company that organized it. SPEs are often used to facilitate transactions that involve securitizing financial assets or resecuritizing previously securitized financial assets. The objective of such transactions may include obtaining non-recourse financing, obtaining liquidity or refinancing the underlying securitized financial assets on improved terms. Securitization involves transferring assets to an SPE to convert all or a portion of those assets into cash before they would have been realized in the normal course of business through the SPE’s issuance of debt or equity instruments. Investors in an SPE usually have recourse only to the assets in the SPE and, depending on the overall structure of the transaction, may benefit from various forms of credit enhancement, such as over-collateralization in the form of excess assets in the SPE, priority with respect to receipt of cash flows relative to holders of other debt or equity instruments issued by the SPE or a line of credit or other form of liquidity agreement that is designed with the objective of ensuring that investors receive principal and/or interest cash flow on the investment in accordance with the terms of their investment agreement. The Company may periodically enter into transactions in which it transfers assets to a third party. Upon a transfer of financial assets, the Company will sometimes retain or acquire subordinated interests in the related assets. Pursuant to ASC 860-10, a determination must be made as to whether a transferor has surrendered control over transferred financial assets. That determination must consider the transferor’s continuing involvement in the transferred financial asset, including all arrangements or agreements made contemporaneously with, or in contemplation of, the transfer, even if they were not entered into at the time of the transfer. The financial components approach under ASC 860-10 limits the circumstances in which a financial asset, or portion of a financial asset, should be derecognized when the transferor has not transferred the entire original financial asset to an entity that is not consolidated with the transferor in the financial statements being presented and/or when the transferor has continuing involvement with the transferred financial asset. It defines the term “participating interest” to establish specific conditions for reporting a transfer of a portion of a financial asset as a sale. Under ASC 860-10, after a transfer of financial assets that meets the criteria for treatment as a sale-legal isolation, ability of transferee to pledge or exchange the transferred assets without constraint and transferred control - an entity recognizes the financial and servicing assets it acquired or retained and the liabilities it has incurred, derecognizes financial assets it has sold and derecognizes liabilities when extinguished. The transferor would then determine the gain or loss on sale of financial assets by allocating the carrying value of the underlying mortgage between securities or loans sold and the interests retained based on their fair values. The gain or loss on sale is the difference between the cash proceeds from the sale and the amount allocated to the securities or loans sold. When a transfer of financial assets does not qualify for sale accounting, ASC 860-10 requires the transfer to be accounted for as a secured borrowing with a pledge of collateral. From time to time, the Company may securitize mortgage loans it holds if such financing is available. Depending upon the structure of the securitization transaction, these transactions will be recorded in accordance with ASC 860-10 and will be accounted for as either a sale and the loans will be removed from the Consolidated Balance Sheets, or as a financing and the loans will remain on the Consolidated Balance Sheets. ASC 860-10 is a standard that may require the Company to exercise significant judgment in determining whether a transaction should be recorded as a sale or a financing. For certain consolidated VIEs, Rithm Capital has elected to account for the assets and liabilities of these entities as collateralized financing entities (“CFE”). A CFE is a VIE that holds financial assets and issues beneficial interests in those assets, and these beneficial interests have contractual recourse only to the related assets of the CFE. Accounting guidance under GAAP for CFEs allows companies to elect to measure both the financial assets and financial liabilities of a CFE using the more observable of the fair value of the financial assets or fair value of the financial liabilities. The net equity in an entity accounted for under the CFE election effectively represents the fair value of the beneficial interests Rithm Capital owns in the entity. Excess MSRs — Excess MSRs refer to the excess servicing spread related to MSRs, whose underlying collateral is securitized in a trust. Upon acquisition, Rithm Capital has elected to record each of such investments at fair value. Rithm Capital elected to record its investments at fair value in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on Excess MSRs. Under this election, Rithm Capital records a valuation adjustment on its Excess MSRs on a quarterly basis to recognize the changes in fair value in net income. Excess MSRs are aggregated into pools as applicable; each pool of Excess MSRs is accounted for in the aggregate. Interest income for Excess MSRs is accreted into earnings on an effective yield or “interest” method, based upon the expected excess mortgage servicing amount through the expected life of the underlying mortgages. Changes to expected cash flows result in a cumulative retrospective adjustment, which will be recorded in the period in which the change in expected cash flows occurs. Under the retrospective method, the interest income recognized for a reporting period is measured as the difference between the amortized cost basis at the end of the period and the amortized cost basis at the beginning of the period, plus any cash received during the period. The amortized cost basis is calculated as the present value of estimated future cash flows using an effective yield, which is the yield that equates all past actual and current estimated future cash flows to the initial investment. In addition, Rithm Capital’s policy is to recognize interest income only on its Excess MSRs in existing eligible underlying mortgages. The difference between the fair value of Excess MSRs and their amortized cost basis is recorded as change in realized and unrealized gains (losses), net on the Consolidated Statements of Operations. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the Excess MSRs, and therefore may differ from their effective yields. Excess MSRs is grouped and presented as part of other assets on the Consolidated Balance Sheets. MSRs and MSR Financing Receivables — MSRs represent the contractual right to service residential mortgage loans. The Company recognizes MSRs created through the sale of loans it originates. Under the accounting guidance for transfers and servicing, the Company initially measures a mortgage servicing asset that qualifies for separate recognition at fair value on the date of transfer. Rithm Capital elected to record its investments at fair value in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on MSRs. Under this election, Rithm Capital records a valuation adjustment on its MSRs on a quarterly basis to recognize the changes in fair value in net income. MSRs are aggregated into pools as applicable; each pool of MSRs is accounted for in the aggregate. Income from MSRs is recorded in Servicing Revenue, Net and comprises (i) income from the MSRs, plus or minus (ii) the mark-to-market on the MSRs including change in fair value due to realization of cash flows. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the MSRs. In certain cases, Rithm Capital has legally purchased MSRs or the right to the economic interest in MSRs; however, Rithm Capital has determined that the purchase agreement would not be treated as a sale under GAAP. Therefore, rather than recording an investment in MSRs, Rithm Capital records an investment in MSR financing receivables. Income from this investment (net of subservicing fees) is recorded as interest income and is grouped and presented as part of servicing revenue, net in the Consolidated Statements of Operations. Additionally, Rithm Capital has elected to measure MSR financing receivables at fair value, with changes in fair value flowing through servicing revenue, net in the Consolidated Statements of Operations. Servicer Advance Investments — Rithm Capital accounts for its servicer advance investments similarly to its Excess MSRs. Interest income for servicer advance investments is accreted into earnings on an effective yield or “interest” method, based upon the expected aggregate cash flows of the servicer advance investments, including the basic fee component of the related MSR (but excluding any Excess MSR component) through the expected life of the underlying mortgages, net of a portion of the basic fee component of the MSR that Rithm Capital remits to the servicer as compensation for the servicer’s servicing activities. Changes to expected cash flows result in a cumulative retrospective adjustment, which is recorded in the period in which the change in expected cash flows occurs. Under the retrospective method, the interest income recognized for a reporting period is measured as the difference between the amortized cost basis at the end of the period and the amortized cost basis at the beginning of the period, plus any cash received during the period. The amortized cost basis is calculated as the present value of estimated future cash flows using an effective yield, which is the yield that equates past actual and current estimated future cash flows to the initial investment. For periods in which cash flows are impacted by an independent factor where there is a change in effective interest rate during the period, the new yield is calculated retrospectively back to the change in effective interest rate during that period. The difference between the fair value of servicer advance investments and their amortized cost basis is recorded as change in realized and unrealized gains (losses), net on the Consolidated Statements of Operations. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the servicer advance investments, and therefore may differ from their effective yields. Servicer advance investments is grouped and presented as part of other assets on the Consolidated Balance Sheets. Real Estate and Other Securities — Agency RMBS and Non-Agency residential and other securities are classified as either available-for-sale or accounted for under the fair value option. The Company determines the appropriate classification of its securities at the time they are acquired and evaluates the appropriateness of such classifications at each balance sheet date. If classified as available-for-sale, investments are carried at fair value, with net unrealized gains or losses reported as a component of accumulated other comprehensive income. If classified under the fair value option, changes in fair value are recorded in the Consolidated Statements of Operations as a component of realized and unrealized gains (losses), net. Fair value is determined under the guidance of ASC 820, Fair Value Measurements and Disclosures . Management’s judgment is used to arrive at the fair value of the Company’s real estate and other securities, taking into account prices obtained from third-party pricing providers and other applicable market data. The third-party pricing providers use pricing models that generally incorporate such factors as coupons, primary and secondary mortgage rates, rate reset periods, issuer, prepayment speeds, credit enhancements and expected life of the security. The Company’s application of ASC 820 guidance is discussed in further detail in Note 20. Investment securities transactions are recorded on the trade date. At disposition, the net realized gain or loss is determined on the basis of the cost of the specific investment and is included in net income. There are several different accounting models that may be applicable for purposes of the recognition of interest income on securities depending on whether the security is designated as available-for-sale or fair value option. The following accounting models apply to securities classified as available-for-sale: (i) Securities of high credit quality rated ‘AA’ or higher that, at the time of purchase, the Company expects to collect all contractual cash flows and the security cannot be contractually prepaid in such a way that the Company would not recover substantially all of its recorded investment. (ii) Non-Agency securities which are not of high credit quality at the time of purchase or that can be contractually prepaid or otherwise settled in such a way that the Company would not recover substantially all of its recorded investment. For securities of high credit quality accounted for under (i) above, the Company recognizes interest income by applying the permitted “interest method,” whereby purchase premiums and discounts are amortized and accreted, respectively, as an adjustment to contractual interest income accrued at each security’s stated coupon rate. The interest method is applied at the individual security level based upon each security’s effective interest rate. The Company calculates each security’s effective interest rate at the time of purchase by solving for the discount rate that equates the present value of that security's remaining contractual cash flows (assuming no principal prepayments) to its purchase price. Because each security’s effective interest rate does not reflect an estimate of future prepayments, the Company refers to this manner of applying the interest method as the “contractual effective interest method.” When applying the contractual effective interest method to its investments in securities, as principal prepayments occur, a proportional amount of the unamortized premium or discount is recognized in interest income such that the contractual effective interest rate on the remaining security balance is unaffected. For Non-Agency securities accounted for under (ii) above, the Company recognizes interest income by applying the required prospective level-yield methodology. Interest income under this methodology is impacted by management judgments around both the amount and timing of credit losses (defaults) and prepayments. Consequently, interest income on these Non-Agency securities is recognized based on the timing and amount of cash flows expected to be collected, as opposed to being based on contractual cash flows. These securities are generally purchased at a discount to the principal amount. At the original acquisition date, the Company estimates the timing and amount of cash flows expected to be collected and calculates the present value of those amounts to the Company’s purchase price. In each subsequent balance sheet date, the Company revises its estimates of the remaining timing and amount of cash flows expected to be collected. If there is a positive change in the amount and timing of future cash flows expected to be collected from the previous estimate, the effective interest rate in future accounting periods may increase resulting in an increase in the reported amount of interest income in future periods. A positive change in the amount and timing of future cash flows expected to be collected is considered to have occurred when the net present value of future cash flows expected to be collected has increased from the previous estimate. This can occur from a change in either the timing of when cash flows are expected to be collected (i.e., from changes in prepayment speeds or the timing of estimated defaults) or in the amount of cash flows expected to be collected (i.e., from reductions in estimates of future defaults). If there is a negative or adverse change in the amount and timing of future cash flows expected to be collected from the previous estimate and the security's fair value is below its amortized cost, an impairment loss equal to the adverse change in cash flows expected to be collected, discounted using the security's effective rate before impairment, is required to be recorded in current period earnings. Additionally, while the effective interest rate used to accrete interest income after an impairment has been recognized will generally be the same, the amount of interest income recorded in future periods will decline because of the reduced balance of the amortized cost basis of the investment to which such effective interest rate is applied. The following accounting models apply to securities accounted for under the fair value option: (iii) securities of high credit quality rated ‘AA’ or higher that, at the time of purchase, the Company expects to collect all contractual cash flows and the security cannot be contractually prepaid in such a way that the Company would not recover substantially all of its recorded investment. (iv) Non-Agency securities which are not of high credit quality at the time of purchase or that can be contractually prepaid or otherwise settled in such a way that the Company would not recover substantially all of its recorded investment. Interest income on securities accounted for in (iii) above is recognized based on the stated coupon rate and the outstanding principal amount. The original purchase premium or discount is not amortized or accreted as part of interest income but rather reflected as part of the security’s fair value. Interest income on Non-Agency securities accounted for in (iv) above is recognized in accordance with the model described in (ii) above. The Company evaluates its securities classified as available-for-sale on a quarterly basis to assess whether a decline in the fair value below the amortized cost basis should be recognized in net income or other comprehensive income. The presence of an impairment is based upon a fair value decline below a security’s amortized cost basis and a corresponding adverse change in expected cash flows due to credit related factors as well as non-credit factors, such as changes in interest rates and market spreads. A security is considered to be impaired if the Company (i) intends to sell the security, (ii) will more likely than not be required to sell the security before recovering its cost basis or (iii) does not expect to recover the security’s entire amortized cost basis, even if the Company does not intend to sell the security, or the Company believes it is more likely than not that it will be required to sell the security before recovering its cost basis. Under these scenarios, the full amount of impairment is recognized currently in net income and the cost basis of the security is adjusted. However, if the Company does not intend to sell the impaired security and it is more likely than not that it will not be required to sell before recovery, the impairment is separated into (i) the estimated amount relating to credit loss, or the credit component, and (ii) the amount relating to all other factors, or the non-credit component. Credit related impairment is recognized as an allowance on the balance sheet with a corresponding adjustment to net income, with the remainder of the loss recognized in accumulated other comprehensive income (loss). The allowance for credit loss as well as adjustment to net income can be reversed for subsequent changes in the estimate of expected credit loss. Impairment has been classified within other income (loss) in the Consolidated Statements of Operations. Residential Mortgage Loans and Consumer Loans — The Company's loan portfolio primarily consists of residential mortgage loans and consumer loans. The Company’s loans are classified as (i) held-for-investment at fair value, (ii) held-for-sale at fair value or (iii) held-for-sale at lower of cost or fair value. Loans are also eligible to be accounted for under the fair value option which are recorded on the Consolidated Balance Sheets at fair value and the periodic changes in fair value are recorded as a component of gain on originated residential mortgage loans, held-for-sale, net and realized and unrealized gains (losses), net in the Consolidated Statements of Operations. When the Company has the intent and ability to hold loans for the foreseeable future or to maturity/payoff, such loans are classified as held-for-investment. When the Company has the intent to sell loans, such loans are classified as held-for-sale. For originated residential mortgage loans measured at fair value, Rithm Capital reports the change in the fair value within gain on originated residential mortgage loans, held-for-sale, net in the Consolidated Statements of Operations. Fair value is generally determined using a market approach by utilizing either (i) the fair value of securities backed by similar residential mortgage loans, adjusted for certain factors to approximate the fair value of a whole residential mortgage loan, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. For acquired residential mortgage lo

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
BUSINESS ACQUISITIONS	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITIONS	BUSINESS ACQUISITIONS Acquisition of Sculptor Capital Management, Inc. Rithm Capital completed the Sculptor Acquisition in November 2023 as part of its strategy to expand its asset management capabilities. Rithm Capital accounted for this transaction using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at fair value as of the acquisition date. Purchase Price Allocation The following table summarizes the allocation of the total consideration paid to acquire the assets and assume the liabilities of companies acquired: 2023 ($ in millions) Sculptor Total Consideration (A) $ 630.3 Assets Real estate and other securities $ 246.1 Cash and cash equivalents 267.5 Restricted cash 8.4 Other assets (B) 1,120.4 Total Assets Acquired $ 1,642.4 Liabilities Secured financing agreements 177.6 Secured notes and bonds payable 99.2 Accrued expenses and other liabilities 746.1 Total Liabilities Assumed $ 1,022.9 Noncontrolling interest $ 35.9 Net Assets $ 583.6 Goodwill $ 46.7 (A) The fair value of total consideration transferred included cash of $600.6 million and assumption of unvested shares of Sculptor stock of $29.7 million for a total consideration of $630.3 million. (B) Includes $275.0 million of intangible assets in the form of management contracts. These intangibles are being amortized over a finite life of 10 years. On November 17, 2023, Rithm Capital acquired all of the outstanding equity interests of Sculptor for a GAAP purchase price of approximately $630.3 million. Prior to the close of the transaction, on October 12, 2023, Rithm Capital purchased from Delaware Life Insurance Company (“DLIC”) warrants to purchase 4,338,015 shares of Sculptor class A common stock issued by Sculptor to DLIC in November 2020 at an exercise price of $7.95 per share. The warrant purchase price was $37.5 million, including additional amounts paid to DLIC in connection with the successful closing of the Sculptor Acquisition, and is considered a component of the Sculptor Acquisition purchase price. Rithm Capital recognized goodwill of approximately $46.7 million related to the Sculptor Acquisition. The goodwill was primarily driven by the assembled workforce acquired with the Sculptor Acquisition. Purchased goodwill is expected to be deductible for income tax purposes over 15 years. Rithm Capital will assess the goodwill annually during the fourth quarter and in interim periods in case of events or circumstances that make it more likely than not that an impairment may have occurred. The estimate of fair value of assets and liabilities required the use of significant assumptions and estimates. Critical estimates included, but were not limited to, future expected cash flows, including projected revenues and expenses, and the applicable discount rates. These estimates were based on assumptions that management believes to be reasonable; however, actual results may differ from these estimates. The assessment of fair value is preliminary and is based on information that was available to management at the time the consolidated financial statements were prepared. Those estimates and assumptions are subject to change as management obtains additional information related to those estimates during the applicable measurement period. The most significant open items necessary to complete are related to intangible assets, other assets, deferred tax assets, other liabilities, and goodwill. The final acquisition accounting adjustments, including those resulting from conforming Sculptor’s accounting policies to those of Rithm Capital’s, could differ materially The results of Sculptor’s operations have been included in the Company’s Consolidated Statements of Operations from November 17, 2023 through December 31, 2023 and represent $82.7 million of asset management revenues, $3.8 million of interest income and $1.0 million of net income. Acquisition-related costs are expensed in the period incurred. Rithm Capital recognized $32.9 million of Sculptor Acquisition-related costs that were expensed for the year ended December 31, 2023. These costs are grouped and presented within General and Administrative Expenses in the Consolidated Statements of Operations. Intangible assets acquired consist of management agreements within Sculptor’s various funds categorized as management contracts. Rithm Capital amortizes finite-lived management contracts on a straight-line basis over their respective useful lives. The weighted average life of the total acquired identifiable intangible assets is 10 years. The following table presents the details of identifiable intangible assets acquired: Estimated Useful Life Amount Management contracts 10 $ 275.0 Total identifiable intangible assets $ 275.0 Unvested RSUs As part of the change of control, the value of unvested RSUs held by Sculptor employees at the time of the Sculptor Acquisition was converted into a deferred cash plan payable, resulting in a $29.7 million liability of deferred cash compensation due to employees. Unaudited Supplemental Pro Forma Financial Information The following table presents unaudited pro forma combined revenues and income before income taxes for the years ended December 31, 2023 and 2022 prepared as if the Sculptor Acquisition had been consummated on January 1, 2022: Year Ended December 31, Pro Forma (in millions) 2023 2022 Revenues $ 4,110.0 $ 5,371.4 Income (loss) before income taxes 591.1 1,223.2 The unaudited supplemental pro forma financial information reflects, among other things, financing adjustments, amortization of intangibles and transactions costs. The unaudited supplemental pro forma financial information has not been adjusted to reflect all conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Sculptor Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Sculptor Acquisition occurred on January 1, 2022, the beginning of the earliest period presented.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
SEGMENT REPORTING	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING At December 31, 2023, Rithm Capital’s reportable segments included (i) Origination and Servicing, (ii) Investment Portfolio, (iii) Mortgage Loans Receivable, (iv) Asset Management and (v) Corporate. The Corporate segment primarily consists of general and administrative expenses, corporate cash and related interest income, unsecured senior notes (Note 19) and related interest expense. In 2023, Rithm Capital reevaluated the composition and number of its reportable segments based on the significance of certain business activities to its operations and performance evaluation. Based on this reevaluation, the Company revised its presentation and composition of reportable segments. In conjunction with the Sculptor Acquisition (Note 3), the Company reevaluated portfolio management to reflect strategic growth as an asset manager, while maintaining its core business lines. The Asset Management segment is therefore added in 2023, to reflect operations of Sculptor. The Investment Portfolio consists of previously segregated segments (i) MSR Related Investments, (ii) Real Estate Securities, (iii) Properties and Residential Mortgage Loans, (iv) Consumer loans and (v) certain ancillary investments and equity method investments previously reflected within the Corporate segment. In addition, during the year ended December 31, 2023, Caliber was integrated into Newrez and the majority of the MSR portfolio is serviced by the Mortgage Company as a result of servicing transfers. To reflect the consolidation of assets and operations, the Mortgage Company is presented as one reportable segment within Origination and Servicing. Segment information for prior periods have been restated to reflect these changes. The following tables summarize segment financial information, which in total reconciles to the same data for Rithm Capital as a whole: Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2023 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,488,911 $ 371,344 $ — $ — $ — $ 1,860,255 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(518,978)) (310,444) (255,240) — — — (565,684) Servicing revenue, net 1,178,467 116,104 — — — 1,294,571 Interest income 533,944 896,661 241,931 3,788 — 1,676,324 Gain on originated residential mortgage loans, held-for-sale, net 495,940 12,494 — — — 508,434 Other investment portfolio revenues — 236,167 — — — 236,167 Asset management revenues — — — 82,681 — 82,681 Total revenues 2,208,351 1,261,426 241,931 86,469 — 3,798,177 Interest expense 460,780 795,727 125,836 2,727 36,184 1,421,254 G&A and other 944,112 333,293 62,358 63,870 114,211 1,517,844 Total operating expenses 1,404,892 1,129,020 188,194 66,597 150,395 2,939,098 Realized and unrealized gains (losses), net 273 (30,843) (14,726) 8,060 — (37,236) Other income (loss), net (19,950) (29,465) 6,209 557 (26,361) (69,010) Total other income (loss) (19,677) (60,308) (8,517) 8,617 (26,361) (106,246) Income (loss) before income taxes 783,782 72,098 45,220 28,489 (176,756) 752,833 Income tax (benefit) expense 107,617 (7,457) (5,122) 27,121 — 122,159 Net income (loss) $ 676,165 $ 79,555 $ 50,342 $ 1,368 $ (176,756) $ 630,674 Noncontrolling interests in income (loss) of consolidated subsidiaries 581 7,471 — 365 — 8,417 Dividends on preferred stock — — — — 89,579 89,579 Net income (loss) attributable to common stockholders $ 675,584 $ 72,084 $ 50,342 $ 1,003 $ (266,335) $ 532,678 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total December 31, 2023 Investments $ 9,413,923 $ 13,743,465 $ 2,232,913 $ 226,486 $ — $ 25,616,787 Cash and cash equivalents 548,666 442,015 58,628 230,008 7,882 1,287,199 Restricted cash 195,490 144,169 37,805 8,156 — 385,620 Other assets 3,489,171 3,083,967 113,055 1,183,646 20,483 7,890,322 Goodwill 24,376 5,092 55,731 46,658 — 131,857 Total assets $ 13,671,626 $ 17,418,708 $ 2,498,132 $ 1,694,954 $ 28,365 $ 35,311,785 Debt $ 6,920,310 $ 14,180,827 $ 1,856,006 $ 455,512 $ 546,818 $ 23,959,473 Other liabilities 3,224,989 223,266 23,979 565,919 213,121 4,251,274 Total liabilities 10,145,299 14,404,093 1,879,985 1,021,431 759,939 28,210,747 Total equity 3,526,327 3,014,615 618,147 673,523 (731,574) 7,101,038 Noncontrolling interests in equity of consolidated subsidiaries 8,220 44,905 — 40,971 — 94,096 Total Rithm Capital stockholders’ equity $ 3,518,107 $ 2,969,710 $ 618,147 $ 632,552 $ (731,574) $ 7,006,942 Investments in equity method investees $ — $ 110,883 $ — $ 91,563 $ — $ 202,446 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2022 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,348,984 $ 482,980 $ — $ — $ — $ 1,831,964 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(631,120)) 729,844 (2,510) — — — 727,334 Servicing revenue, net 2,078,828 480,470 — — — 2,559,298 Interest income 326,634 582,590 166,479 — 278 1,075,981 Gain on originated residential mortgage loans, held-for-sale, net 1,127,282 (41,050) — — — 1,086,232 Other investment portfolio revenues — 230,905 — — — 230,905 Asset management revenues — — — — — — Total revenues 3,532,744 1,252,915 166,479 — 278 4,952,416 Interest expense 325,056 365,211 64,188 — 36,546 791,001 G&A and other 1,638,989 352,407 64,277 — 497,375 2,553,048 Total operating expenses 1,964,045 717,618 128,465 — 533,921 3,344,049 Realized and unrealized gains (losses), net (1,812) (226,870) 28,434 — 67 (200,181) Other income (loss), net 6,270 (144,728) 12,243 — (19,170) (145,385) Total other income (loss) 4,458 (371,598) 40,677 — (19,103) (345,566) Income (loss) before income taxes 1,573,157 163,699 78,691 — (552,746) 1,262,801 Income tax (benefit) expense 327,318 35,378 (7,792) — (75,388) 279,516 Net income (loss) $ 1,245,839 $ 128,321 $ 86,483 $ — $ (477,358) $ 983,285 Noncontrolling interests in income (loss) of consolidated subsidiaries 2,716 26,050 — — — 28,766 Dividends on preferred stock — — — — 89,726 89,726 Net income (loss) attributable to common stockholders $ 1,243,123 $ 102,271 $ 86,483 $ — $ (567,084) $ 864,793 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total December 31, 2022 Investments $ 9,371,435 $ 12,993,131 $ 2,064,028 $ — $ — $ 24,428,594 Cash and cash equivalents 604,191 666,810 52,441 — 13,066 1,336,508 Restricted cash 161,249 94,508 25,369 — — 281,126 Other assets 2,428,832 3,720,905 170,129 — 28,043 6,347,909 Goodwill 24,376 5,092 55,731 — — 85,199 Total assets $ 12,590,083 $ 17,480,446 $ 2,367,698 $ — $ 41,109 $ 32,479,336 Debt $ 6,660,484 $ 12,962,616 $ 1,733,579 $ — $ 545,056 $ 21,901,735 Other liabilities 2,295,684 1,086,248 25,818 — 159,783 3,567,533 Total liabilities 8,956,168 14,048,864 1,759,397 — 704,839 25,469,268 Total equity 3,633,915 3,431,582 608,301 — (663,730) 7,010,068 Noncontrolling interests in equity of consolidated subsidiaries 12,437 54,630 — — — 67,067 Total Rithm Capital stockholders’ equity $ 3,621,478 $ 3,376,952 $ 608,301 $ — $ (663,730) $ 6,943,001 Investments in equity method investees $ — $ 96,210 $ — $ — $ — $ 96,210 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2021 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 950,962 $ 608,592 $ — $ — $ — $ 1,559,554 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(1,192,646)) (306,259) (271,504) — — — (577,763) Servicing revenue, net 644,703 337,088 — — — 981,791 Interest income 208,682 597,995 4,219 — — 810,896 Gain on originated residential mortgage loans, held-for-sale, net 1,806,127 20,782 — — — 1,826,909 Other investment portfolio revenues — 165,480 — — — 165,480 Asset management revenues — — — — — — Total revenues 2,659,512 1,121,345 4,219 — — 3,785,076 Interest expense 219,088 241,068 1,000 — 36,152 497,308 G&A and other 1,534,266 464,201 1,802 — 119,495 2,119,764 Total operating expenses 1,753,354 705,269 2,802 — 155,647 2,617,072 Realized and unrealized gains (losses), net (12,162) (195,104) — — (171) (207,437) Other income (loss), net (10,484) 12,687 — — 1,038 3,241 Total other income (loss) (22,646) (182,417) — — 867 (204,196) Income (loss) before income taxes 883,512 233,659 1,417 — (154,780) 963,808 Income tax (benefit) expense 133,117 25,109 — — — 158,226 Net income (loss) $ 750,395 $ 208,550 $ 1,417 $ — $ (154,780) $ 805,582 Noncontrolling interests in income (loss) of consolidated subsidiaries 11,298 22,058 — — — 33,356 Dividends on preferred stock — — — — 66,744 66,744 Net income (loss) attributable to common stockholders $ 739,097 $ 186,492 $ 1,417 $ — $ (221,524) $ 705,482

EXCESS MORTGAGE SERVICING RIGHT

EXCESS MORTGAGE SERVICING RIGHTS	12 Months Ended
EXCESS MORTGAGE SERVICING RIGHTS	Dec. 31, 2023
Transfers and Servicing [Abstract]
EXCESS MORTGAGE SERVICING RIGHTS	EXCESS MORTGAGE SERVICING RIGHTS Excess MSRs assets include Rithm Capital’s direct investments in Excess MSRs and investments in joint ventures jointly controlled by Rithm Capital and funds managed by the Former Manager investing in Excess MSRs. Our investments in Excess MSR assets are included in Other assets on the Consolidated Balance Sheets. The table below summarizes the components of Excess MSRs: Year Ended December 31, 2023 2022 Direct investments in Excess MSRs $ 208,385 $ 249,366 Excess MSR joint ventures 62,765 72,437 Excess mortgage servicing rights assets, at fair value $ 271,150 $ 321,803 Direct Investments in Excess MSRs The following table presents activity related to the carrying value of direct investments in Excess MSRs: Servicer Total (A) Balance as of December 31, 2021 259,198 Interest income 38,035 Other income 42 Proceeds from repayments (43,950) Proceeds from sales (997) Change in fair value (2,962) Balance as of December 31, 2022 249,366 Interest income 18,310 Other income 267 Proceeds from repayments (41,552) Proceeds from sales (2,779) Change in fair value (15,227) Balance as of December 31, 2023 $ 208,385 (A) Underlying loans serviced by Mr. Cooper and SLS. Mr. Cooper or SLS, as applicable, as servicer performs all of the servicing and advancing functions on our Excess MSR assets and retains the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in the portfolio. Rithm Capital entered into a “recapture agreement” with respect to each of the direct Excess MSR investments serviced by Mr. Cooper and SLS. Under such arrangements, Rithm Capital is generally entitled to a pro rata interest in the Excess MSRs on any refinancing of a loan in the original portfolio. On October 2, 2023, Rithm Capital entered into a definitive agreement with Computershare Limited to acquire Computershare and certain affiliated companies, including SLS, for a purchase price of approximately $720 million (Note 1). The following summarizes direct investments in Excess MSRs: December 31, 2023 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 42,957,347 32.5% – 100% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 181,721 $ 208,385 December 31, 2022 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 48,154,644 32.5% – 100.0% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 207,470 $ 249,366 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying value represents the fair value of the pools and recapture agreements, as applicable. (C) Amounts in parentheses represent weighted averages. (D) Rithm Capital is also invested in related servicer advance investments, including the basic fee component of the related MSR as of December 31, 2023 and 2022 (Note 7) on $15.5 billion and $17.0 billion UPB, respectively, underlying these Excess MSRs. Changes in fair value of investments consist of the following: Year Ended December 31, 2023 2022 2021 Original and Recaptured Pools $ (15,227) $ (2,962) $ (15,078) As of December 31, 2023 and 2022, weighted average discount rates of 8.8% and 8.3%, respectively, were used to value Rithm Capital’s investments in Excess MSRs (directly and through equity method investees). Excess MSR Joint Ventures Rithm Capital entered into investments in joint ventures (“Excess MSR joint ventures”) jointly controlled by Rithm Capital and funds managed by the Former Manager investing in Excess MSRs. The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees: December 31, 2023 2022 Excess MSRs $ 114,552 $ 135,356 Other assets 11,664 10,204 Other liabilities (687) (687) Equity $ 125,529 $ 144,873 Rithm Capital’s investment $ 62,765 $ 72,437 Rithm Capital’s percentage ownership 50.0 % 50.0 % Year Ended December 31, 2023 2022 2021 Interest income $ 13,358 $ 15,157 $ 7,574 Other income (loss) (8,296) (12,073) (3,906) Expenses (32) (32) (32) Net income (loss) $ 5,030 $ 3,052 $ 3,636 The following table summarizes the activity of investments in equity method investees: December 31, 2023 2022 Balance at beginning of period $ 72,437 $ 85,749 Distributions of earnings from equity method investees (2,219) — Distributions of capital from equity method investees (9,968) (14,838) Change in fair value of investments in equity method investees 2,515 1,526 Balance at end of period $ 62,765 $ 72,437 The following is a summary of Excess MSR investments made through equity method investees: December 31, 2023 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 17,092,557 66.7% 50.0% $ 94,443 $ 114,552 5.1 December 31, 2022 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 19,299,726 66.7% 50.0% $ 106,176 $ 135,356 5.1 (A) The remaining interests are held by Mr. Cooper. (B) Represents the amortized cost basis of the equity method investees in which Rithm Capital holds a 50% interest. (C) Represents the carrying value of the Excess MSRs held in equity method investees, in which Rithm Capital holds a 50% interest. Carrying value represents the fair value of the pools, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment. The following table summarizes activity related to MSRs and MSR financing receivables: Total Balance as of December 31, 2021 $ 6,858,803 Purchases, net (A) (967) Originations (B) 1,222,742 Proceeds from sales (8,866) Change in fair value due to: Realization of cash flows (D) (631,120) Change in valuation inputs and assumptions 1,448,811 Balance as of December 31, 2022 $ 8,889,403 Originations (B) 786,655 Proceeds from sales (C) (704,436) Change in fair value due to: Realization of cash flows (D) (518,978) Change in valuation inputs and assumptions (46,706) Balance as of December 31, 2023 $ 8,405,938 (A) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection. (B) Represents MSRs retained on the sale of originated residential mortgage loans. (C) Relates primarily to excess servicing cash flows sold on certain agency loans with a total UPB of approximately $91.4 billion during the year ended December 31, 2023. In connection with these sales, the Company recorded a gain of approximately $5.2 million during the period, which is included within change in fair value of MSRs and MSR financing receivables in the Consolidated Statements of Operations. (D) Based on the paydown of the underlying residential mortgage loans. The following table summarizes components of servicing revenue, net: Year Ended December 31, 2023 2022 2021 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,735,958 $ 1,699,587 $ 1,446,509 Ancillary and other fees 124,297 132,377 113,045 Servicing fee revenue, net and fees 1,860,255 1,831,964 1,559,554 Change in fair value due to: Realization of cash flows (518,978) (631,120) (1,192,646) Change in valuation inputs and assumptions, net of realized gains (losses) (46,706) 1,448,811 680,088 Change in fair value of derivative instruments — (11,316) (30,481) Gain (loss) on settlement of derivative instruments — (79,041) (34,724) Servicing revenue, net $ 1,294,571 $ 2,559,298 $ 981,791 The following is a summary of MSRs and MSR financing receivables by type as of December 31, 2023 and 2022: UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) 2023 Agency $ 351,642,337 7.7 $ 5,333,013 Non-Agency 48,928,545 6.8 678,913 Ginnie Mae (C) 127,863,627 7.1 2,394,012 Total $ 528,434,509 7.5 $ 8,405,938 2022 Agency $ 364,879,106 7.2 $ 6,022,266 Non-Agency 53,881,903 4.9 794,459 Ginnie Mae (C) 121,136,315 6.7 2,072,678 Total / Weighted Average $ 539,897,324 6.9 $ 8,889,403 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents fair value. As of December 31, 2023 and 2022, weighted average discount rates of 8.5% (range of 7.9% – 10.8%) and 8.3% (range of 7.6% – 9.8%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively. (C) As of December 31, 2023 and 2022, Rithm Capital holds approximately $1.8 billion and $1.2 billion in residential mortgage loans subject to repurchase and the related residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Residential Mortgage Loans Subject to Repurchase Rithm Capital, through its wholly-owned subsidiaries as approved issuers of Ginnie Mae MBS, originates and securitizes government-insured residential mortgage loans. As the issuer of the Ginnie Mae-guaranteed securitizations, Rithm Capital has the unilateral right to repurchase loans from the securitizations when they are delinquent for more than 90 days. Loans in forbearance that are three or more consecutive payments delinquent are included as delinquent loans permitted to be repurchased. Under GAAP, Rithm Capital is required to recognize the right to loans on its balance sheet and establish a corresponding liability upon the triggering of the repurchase right regardless of whether the Company intends to repurchase the loans. As of December 31, 2023 and 2022, Rithm Capital holds approximately $1.8 billion and $1.2 billion, respectively, in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Rithm Capital may re-pool repurchased loans into new Ginnie Mae securitizations upon re-performance of the loan or otherwise sell to third-party investors. The Company does not change the accounting for MSRs related to previously sold loans upon recognizing loans eligible for repurchase. Rather, upon repurchase of a loan, the MSR is written off. As of December 31, 2023 and 2022, Rithm Capital holds approximately $0.4 billion and $0.8 billion, respectively, of repurchased residential mortgage loans on its Consolidated Balance Sheets. Ocwen MSR Financing Receivable Transactions In July 2017, Ocwen Loan Servicing, LLC (collectively with certain affiliates, “Ocwen”) and Rithm Capital entered into an agreement in which both parties agreed to undertake certain actions to facilitate the transfer from Ocwen to Rithm Capital of Ocwen’s remaining interests in the MSRs relating to loans with an aggregate UPB of approximately $110.0 billion and with respect to which Rithm Capital already held certain rights (“Rights to MSRs”). Ocwen and Rithm Capital concurrently entered into a subservicing agreement pursuant to which Ocwen agreed to subservice the mortgage loans related to the MSRs that were transferred to Rithm Capital. In January 2018, Ocwen sold and transferred to Rithm Capital certain Rights to MSRs and other assets related to MSRs for loans with an UPB of approximately $86.8 billion. PHH (as successor by merger to Ocwen) will continue to service the residential mortgage loans related to the MSRs until any necessary third-party consents to transferring the MSRs are obtained and all other conditions to transferring the MSRs are satisfied. With respect to the Rights to MSRs sold and transferred to NRM and Newrez, consents and all other conditions to transfer have been received with respect to approximately $66.7 billion UPB of underlying loans. Although legally sold and entitled to the economics of the transfer, as of December 31, 2023 and 2022 , with respect to MSRs representing approximately $11.4 billion and $12.4 billion UPB of underlying loans, respectively, it was determined for accounting purposes that substantially all of the risks and rewards inherent in owning the MSRs had not been transferred to Newrez and therefore are not treated as a sale under GAAP and are classified as MSR financing receivables. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the MSRs and MSR financing receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2023 December 31, 2022 California 17.1 % 17.4 % Florida 8.6 % 8.6 % Texas 6.2 % 6.2 % New York 6.0 % 6.0 % Washington 5.8 % 5.9 % New Jersey 4.3 % 4.4 % Virginia 3.6 % 3.6 % Maryland 3.4 % 3.4 % Illinois 3.3 % 3.4 % Georgia 3.0 % 2.9 % Other U.S. 38.7 % 38.2 % 100.0 % 100.0 % Geographic concentrations of investments expose Rithm Capital to the risk of economic downturns within the relevant states. Any such downturn in a state where Rithm Capital holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the MSRs. Residential Mortgage Loan Subservicing The Mortgage Company performs servicing of residential mortgage loans for unaffiliated parties under servicing agreements. The servicing agreements do not meet the criteria to be recognized as a servicing right asset and, therefore, are not recognized on Rithm Capital’s Consolidated Balance Sheets. The UPB of residential mortgage loans serviced for others as of December 31, 2023 and 2022 was $102.5 billion and $93.0 billion, respectively. Rithm Capital earned servicing revenue of $139.4 million and $132.1 million for the years ended December 31, 2023 and 2022, respectively, related to unaffiliated subserviced loans which is included within Servicing Revenue, Net in the Consolidated Statements of Operations. In relation to certain owned MSRs, Rithm Capital engages unaffiliated licensed mortgage servicers as subservicers to perform the operational servicing duties, including recapture activities, in exchange for a subservicing fee, which is recorded as Subservicing Expense and reflected as part of General and Administrative expenses in Rithm Capital’s Consolidated Statements of Operations. As of December 31, 2023, these subservicers include PHH and Valon, which subservice 8.6% and 4.9%, respectively, of the MSRs owned by Rithm Capital. The remaining 86.5% of the owned MSRs are serviced by the Mortgage Company (Note 1). During the year ended December 31, 2023, Rithm Capital opted not to renew our subservicing agreements with Mr. Cooper, LoanCare, LLC (“LoanCare”) and Flagstar Bank (“Flagstar”) and transferred servicing performed by Mr. Cooper, LoanCare and Flagstar to the Mortgage Company. As of December 31, 2023, no loans in relation to owned MSRs were subserviced by Mr. Cooper, LoanCare and Flagstar. Servicer Advances Receivable In connection with Rithm Capital’s ownership of MSRs, the Company assumes the obligation to serve as a liquidity provider to initially fund servicer advances on the underlying pool of mortgages (Note 23) it services. These servicer advances are recorded when advanced and are included in servicer advances receivable on the Consolidated Balance Sheets. The table below summarizes the type of advances included in the servicer advances receivable: December 31, 2023 2022 Principal and interest advances $ 616,801 $ 664,495 Escrow advances (taxes and insurance advances) 1,442,697 1,426,409 Foreclosure advances 767,171 754,073 Total (A)(B)(C) $ 2,826,669 $ 2,844,977 (A) Includes $585.0 million and $526.5 million of servicer advances receivable related to Agency MSRs, respectively, recoverable either from the borrower or the Agencies. (B) Includes $405.6 million and $261.8 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from either the borrower or Ginnie Mae. Expected losses for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a non-reimbursable advance loss assumption. (C) Excludes $66.4 million and $19.5 million, respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. These reserves relate to inactive loans in the foreclosure or liquidation process. Rithm Capital’s servicer advances receivable related to Non-Agency MSRs generally have the highest reimbursement priority pursuant to the underlying servicing agreements (i.e., “top of the waterfall”) and Rithm Capital is generally entitled to repayment from respective loan or REO liquidation proceeds before any interest or principal is paid on the bonds that were issued by the trust. In the majority of cases, advances in excess of respective loan or REO liquidation proceeds may be recovered from pool-level proceeds. Furthermore, to the extent that advances are not recoverable by Rithm Capital as a result of the subservicer’s failure to comply with applicable requirements in the relevant servicing agreements, Rithm Capital has a contractual right to be reimbursed by the subservicer. For advances on loans that have been liquidated, sold, paid in full or modified, the Company has reserved $93.7 million, or 3.3%, and $65.4 million, or 2.3%, for expected non-recovery of advances as of December 31, 2023 and 2022, respectively. The following table summarizes servicer advances reserve: Balance as of December 31, 2021 $ 32,122 Provision 48,392 Write-offs (15,086) Balance as of December 31, 2022 $ 65,428 Provision 63,016 Write-offs (34,763) Balance as of December 31, 2023 $ 93,681 See Note 19 regarding the financing of MSRs and servicer advances receivable.

MORTGAGE SERVICING RIGHTS AND M

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	12 Months Ended
MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	Dec. 31, 2023
Transfers and Servicing [Abstract]
MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	EXCESS MORTGAGE SERVICING RIGHTS Excess MSRs assets include Rithm Capital’s direct investments in Excess MSRs and investments in joint ventures jointly controlled by Rithm Capital and funds managed by the Former Manager investing in Excess MSRs. Our investments in Excess MSR assets are included in Other assets on the Consolidated Balance Sheets. The table below summarizes the components of Excess MSRs: Year Ended December 31, 2023 2022 Direct investments in Excess MSRs $ 208,385 $ 249,366 Excess MSR joint ventures 62,765 72,437 Excess mortgage servicing rights assets, at fair value $ 271,150 $ 321,803 Direct Investments in Excess MSRs The following table presents activity related to the carrying value of direct investments in Excess MSRs: Servicer Total (A) Balance as of December 31, 2021 259,198 Interest income 38,035 Other income 42 Proceeds from repayments (43,950) Proceeds from sales (997) Change in fair value (2,962) Balance as of December 31, 2022 249,366 Interest income 18,310 Other income 267 Proceeds from repayments (41,552) Proceeds from sales (2,779) Change in fair value (15,227) Balance as of December 31, 2023 $ 208,385 (A) Underlying loans serviced by Mr. Cooper and SLS. Mr. Cooper or SLS, as applicable, as servicer performs all of the servicing and advancing functions on our Excess MSR assets and retains the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in the portfolio. Rithm Capital entered into a “recapture agreement” with respect to each of the direct Excess MSR investments serviced by Mr. Cooper and SLS. Under such arrangements, Rithm Capital is generally entitled to a pro rata interest in the Excess MSRs on any refinancing of a loan in the original portfolio. On October 2, 2023, Rithm Capital entered into a definitive agreement with Computershare Limited to acquire Computershare and certain affiliated companies, including SLS, for a purchase price of approximately $720 million (Note 1). The following summarizes direct investments in Excess MSRs: December 31, 2023 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 42,957,347 32.5% – 100% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 181,721 $ 208,385 December 31, 2022 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 48,154,644 32.5% – 100.0% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 207,470 $ 249,366 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying value represents the fair value of the pools and recapture agreements, as applicable. (C) Amounts in parentheses represent weighted averages. (D) Rithm Capital is also invested in related servicer advance investments, including the basic fee component of the related MSR as of December 31, 2023 and 2022 (Note 7) on $15.5 billion and $17.0 billion UPB, respectively, underlying these Excess MSRs. Changes in fair value of investments consist of the following: Year Ended December 31, 2023 2022 2021 Original and Recaptured Pools $ (15,227) $ (2,962) $ (15,078) As of December 31, 2023 and 2022, weighted average discount rates of 8.8% and 8.3%, respectively, were used to value Rithm Capital’s investments in Excess MSRs (directly and through equity method investees). Excess MSR Joint Ventures Rithm Capital entered into investments in joint ventures (“Excess MSR joint ventures”) jointly controlled by Rithm Capital and funds managed by the Former Manager investing in Excess MSRs. The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees: December 31, 2023 2022 Excess MSRs $ 114,552 $ 135,356 Other assets 11,664 10,204 Other liabilities (687) (687) Equity $ 125,529 $ 144,873 Rithm Capital’s investment $ 62,765 $ 72,437 Rithm Capital’s percentage ownership 50.0 % 50.0 % Year Ended December 31, 2023 2022 2021 Interest income $ 13,358 $ 15,157 $ 7,574 Other income (loss) (8,296) (12,073) (3,906) Expenses (32) (32) (32) Net income (loss) $ 5,030 $ 3,052 $ 3,636 The following table summarizes the activity of investments in equity method investees: December 31, 2023 2022 Balance at beginning of period $ 72,437 $ 85,749 Distributions of earnings from equity method investees (2,219) — Distributions of capital from equity method investees (9,968) (14,838) Change in fair value of investments in equity method investees 2,515 1,526 Balance at end of period $ 62,765 $ 72,437 The following is a summary of Excess MSR investments made through equity method investees: December 31, 2023 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 17,092,557 66.7% 50.0% $ 94,443 $ 114,552 5.1 December 31, 2022 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 19,299,726 66.7% 50.0% $ 106,176 $ 135,356 5.1 (A) The remaining interests are held by Mr. Cooper. (B) Represents the amortized cost basis of the equity method investees in which Rithm Capital holds a 50% interest. (C) Represents the carrying value of the Excess MSRs held in equity method investees, in which Rithm Capital holds a 50% interest. Carrying value represents the fair value of the pools, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment. The following table summarizes activity related to MSRs and MSR financing receivables: Total Balance as of December 31, 2021 $ 6,858,803 Purchases, net (A) (967) Originations (B) 1,222,742 Proceeds from sales (8,866) Change in fair value due to: Realization of cash flows (D) (631,120) Change in valuation inputs and assumptions 1,448,811 Balance as of December 31, 2022 $ 8,889,403 Originations (B) 786,655 Proceeds from sales (C) (704,436) Change in fair value due to: Realization of cash flows (D) (518,978) Change in valuation inputs and assumptions (46,706) Balance as of December 31, 2023 $ 8,405,938 (A) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection. (B) Represents MSRs retained on the sale of originated residential mortgage loans. (C) Relates primarily to excess servicing cash flows sold on certain agency loans with a total UPB of approximately $91.4 billion during the year ended December 31, 2023. In connection with these sales, the Company recorded a gain of approximately $5.2 million during the period, which is included within change in fair value of MSRs and MSR financing receivables in the Consolidated Statements of Operations. (D) Based on the paydown of the underlying residential mortgage loans. The following table summarizes components of servicing revenue, net: Year Ended December 31, 2023 2022 2021 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,735,958 $ 1,699,587 $ 1,446,509 Ancillary and other fees 124,297 132,377 113,045 Servicing fee revenue, net and fees 1,860,255 1,831,964 1,559,554 Change in fair value due to: Realization of cash flows (518,978) (631,120) (1,192,646) Change in valuation inputs and assumptions, net of realized gains (losses) (46,706) 1,448,811 680,088 Change in fair value of derivative instruments — (11,316) (30,481) Gain (loss) on settlement of derivative instruments — (79,041) (34,724) Servicing revenue, net $ 1,294,571 $ 2,559,298 $ 981,791 The following is a summary of MSRs and MSR financing receivables by type as of December 31, 2023 and 2022: UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) 2023 Agency $ 351,642,337 7.7 $ 5,333,013 Non-Agency 48,928,545 6.8 678,913 Ginnie Mae (C) 127,863,627 7.1 2,394,012 Total $ 528,434,509 7.5 $ 8,405,938 2022 Agency $ 364,879,106 7.2 $ 6,022,266 Non-Agency 53,881,903 4.9 794,459 Ginnie Mae (C) 121,136,315 6.7 2,072,678 Total / Weighted Average $ 539,897,324 6.9 $ 8,889,403 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents fair value. As of December 31, 2023 and 2022, weighted average discount rates of 8.5% (range of 7.9% – 10.8%) and 8.3% (range of 7.6% – 9.8%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively. (C) As of December 31, 2023 and 2022, Rithm Capital holds approximately $1.8 billion and $1.2 billion in residential mortgage loans subject to repurchase and the related residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Residential Mortgage Loans Subject to Repurchase Rithm Capital, through its wholly-owned subsidiaries as approved issuers of Ginnie Mae MBS, originates and securitizes government-insured residential mortgage loans. As the issuer of the Ginnie Mae-guaranteed securitizations, Rithm Capital has the unilateral right to repurchase loans from the securitizations when they are delinquent for more than 90 days. Loans in forbearance that are three or more consecutive payments delinquent are included as delinquent loans permitted to be repurchased. Under GAAP, Rithm Capital is required to recognize the right to loans on its balance sheet and establish a corresponding liability upon the triggering of the repurchase right regardless of whether the Company intends to repurchase the loans. As of December 31, 2023 and 2022, Rithm Capital holds approximately $1.8 billion and $1.2 billion, respectively, in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Rithm Capital may re-pool repurchased loans into new Ginnie Mae securitizations upon re-performance of the loan or otherwise sell to third-party investors. The Company does not change the accounting for MSRs related to previously sold loans upon recognizing loans eligible for repurchase. Rather, upon repurchase of a loan, the MSR is written off. As of December 31, 2023 and 2022, Rithm Capital holds approximately $0.4 billion and $0.8 billion, respectively, of repurchased residential mortgage loans on its Consolidated Balance Sheets. Ocwen MSR Financing Receivable Transactions In July 2017, Ocwen Loan Servicing, LLC (collectively with certain affiliates, “Ocwen”) and Rithm Capital entered into an agreement in which both parties agreed to undertake certain actions to facilitate the transfer from Ocwen to Rithm Capital of Ocwen’s remaining interests in the MSRs relating to loans with an aggregate UPB of approximately $110.0 billion and with respect to which Rithm Capital already held certain rights (“Rights to MSRs”). Ocwen and Rithm Capital concurrently entered into a subservicing agreement pursuant to which Ocwen agreed to subservice the mortgage loans related to the MSRs that were transferred to Rithm Capital. In January 2018, Ocwen sold and transferred to Rithm Capital certain Rights to MSRs and other assets related to MSRs for loans with an UPB of approximately $86.8 billion. PHH (as successor by merger to Ocwen) will continue to service the residential mortgage loans related to the MSRs until any necessary third-party consents to transferring the MSRs are obtained and all other conditions to transferring the MSRs are satisfied. With respect to the Rights to MSRs sold and transferred to NRM and Newrez, consents and all other conditions to transfer have been received with respect to approximately $66.7 billion UPB of underlying loans. Although legally sold and entitled to the economics of the transfer, as of December 31, 2023 and 2022 , with respect to MSRs representing approximately $11.4 billion and $12.4 billion UPB of underlying loans, respectively, it was determined for accounting purposes that substantially all of the risks and rewards inherent in owning the MSRs had not been transferred to Newrez and therefore are not treated as a sale under GAAP and are classified as MSR financing receivables. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the MSRs and MSR financing receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2023 December 31, 2022 California 17.1 % 17.4 % Florida 8.6 % 8.6 % Texas 6.2 % 6.2 % New York 6.0 % 6.0 % Washington 5.8 % 5.9 % New Jersey 4.3 % 4.4 % Virginia 3.6 % 3.6 % Maryland 3.4 % 3.4 % Illinois 3.3 % 3.4 % Georgia 3.0 % 2.9 % Other U.S. 38.7 % 38.2 % 100.0 % 100.0 % Geographic concentrations of investments expose Rithm Capital to the risk of economic downturns within the relevant states. Any such downturn in a state where Rithm Capital holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the MSRs. Residential Mortgage Loan Subservicing The Mortgage Company performs servicing of residential mortgage loans for unaffiliated parties under servicing agreements. The servicing agreements do not meet the criteria to be recognized as a servicing right asset and, therefore, are not recognized on Rithm Capital’s Consolidated Balance Sheets. The UPB of residential mortgage loans serviced for others as of December 31, 2023 and 2022 was $102.5 billion and $93.0 billion, respectively. Rithm Capital earned servicing revenue of $139.4 million and $132.1 million for the years ended December 31, 2023 and 2022, respectively, related to unaffiliated subserviced loans which is included within Servicing Revenue, Net in the Consolidated Statements of Operations. In relation to certain owned MSRs, Rithm Capital engages unaffiliated licensed mortgage servicers as subservicers to perform the operational servicing duties, including recapture activities, in exchange for a subservicing fee, which is recorded as Subservicing Expense and reflected as part of General and Administrative expenses in Rithm Capital’s Consolidated Statements of Operations. As of December 31, 2023, these subservicers include PHH and Valon, which subservice 8.6% and 4.9%, respectively, of the MSRs owned by Rithm Capital. The remaining 86.5% of the owned MSRs are serviced by the Mortgage Company (Note 1). During the year ended December 31, 2023, Rithm Capital opted not to renew our subservicing agreements with Mr. Cooper, LoanCare, LLC (“LoanCare”) and Flagstar Bank (“Flagstar”) and transferred servicing performed by Mr. Cooper, LoanCare and Flagstar to the Mortgage Company. As of December 31, 2023, no loans in relation to owned MSRs were subserviced by Mr. Cooper, LoanCare and Flagstar. Servicer Advances Receivable In connection with Rithm Capital’s ownership of MSRs, the Company assumes the obligation to serve as a liquidity provider to initially fund servicer advances on the underlying pool of mortgages (Note 23) it services. These servicer advances are recorded when advanced and are included in servicer advances receivable on the Consolidated Balance Sheets. The table below summarizes the type of advances included in the servicer advances receivable: December 31, 2023 2022 Principal and interest advances $ 616,801 $ 664,495 Escrow advances (taxes and insurance advances) 1,442,697 1,426,409 Foreclosure advances 767,171 754,073 Total (A)(B)(C) $ 2,826,669 $ 2,844,977 (A) Includes $585.0 million and $526.5 million of servicer advances receivable related to Agency MSRs, respectively, recoverable either from the borrower or the Agencies. (B) Includes $405.6 million and $261.8 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from either the borrower or Ginnie Mae. Expected losses for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a non-reimbursable advance loss assumption. (C) Excludes $66.4 million and $19.5 million, respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. These reserves relate to inactive loans in the foreclosure or liquidation process. Rithm Capital’s servicer advances receivable related to Non-Agency MSRs generally have the highest reimbursement priority pursuant to the underlying servicing agreements (i.e., “top of the waterfall”) and Rithm Capital is generally entitled to repayment from respective loan or REO liquidation proceeds before any interest or principal is paid on the bonds that were issued by the trust. In the majority of cases, advances in excess of respective loan or REO liquidation proceeds may be recovered from pool-level proceeds. Furthermore, to the extent that advances are not recoverable by Rithm Capital as a result of the subservicer’s failure to comply with applicable requirements in the relevant servicing agreements, Rithm Capital has a contractual right to be reimbursed by the subservicer. For advances on loans that have been liquidated, sold, paid in full or modified, the Company has reserved $93.7 million, or 3.3%, and $65.4 million, or 2.3%, for expected non-recovery of advances as of December 31, 2023 and 2022, respectively. The following table summarizes servicer advances reserve: Balance as of December 31, 2021 $ 32,122 Provision 48,392 Write-offs (15,086) Balance as of December 31, 2022 $ 65,428 Provision 63,016 Write-offs (34,763) Balance as of December 31, 2023 $ 93,681 See Note 19 regarding the financing of MSRs and servicer advances receivable.

SERVICER ADVANCE INVESTMENTS

SERVICER ADVANCE INVESTMENTS	12 Months Ended
SERVICER ADVANCE INVESTMENTS	Dec. 31, 2023
Investments, All Other Investments [Abstract]
SERVICER ADVANCE INVESTMENTS	SERVICER ADVANCE INVESTMENTS Rithm Capital’s servicer advance investments consist of arrangements to fund existing outstanding servicer advances and the requirement to purchase all future servicer advances made with respect to a specified pool of residential mortgage loans in exchange for the basic fee component of the related MSR. Rithm Capital elected to record its servicer advance investments, including the right to the basic fee component of the related MSRs, at fair value pursuant to the fair value option for financial instruments to provide users of the financial statements with better information regarding the effects of market factors. A taxable wholly-owned subsidiary of Rithm Capital is the managing member of Advance Purchaser LLC (the “Advance Purchaser”), a joint venture entity, and owns an approximately 89.3% interest in Advance Purchaser as of December 31, 2023 and December 31, 2022. Advance Purchaser was established in December 2013 for the purpose of investing in residential mortgage related advances. As of December 31, 2023, the noncontrolling third-party co-investors and Rithm Capital have funded their capital commitments; however, Advance Purchaser may recall $71.5 million and $597.9 million of capital distributed to the third-party co-investors and Rithm Capital, respectively. Neither the third-party co-investors nor Rithm Capital is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of Advance Purchaser. Our servicer advance investments are held at fair value and are included in Other assets on the Consolidated Balance Sheets. The following table summarizes servicer advance investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) December 31, 2023 Servicer advance investments $ 362,760 $ 376,881 6.2 % 6.6 % 8.1 December 31, 2022 Servicer advance investments $ 392,749 $ 398,820 5.7 % 5.6 % 8.4 (A) Represents the fair value of the servicer advance investments, including the basic fee component of the related MSRs. (B) Represents the weighted average expected timing of the receipt of expected net cash flows for this investment. The following table provides additional information regarding the servicer advance investments and related financing: UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Secured Notes and Bonds Payable Loan-to-Value (“LTV”) (A) Cost of Funds (C) Gross Net (B) Gross Net December 31, 2023 Servicer advance investments (D) $ 15,499,559 $ 320,630 2.1 % $ 278,845 84.1 % 81.9 % 7.5 % 6.9 % December 31, 2022 Servicer advance investments (D) $ 17,033,753 $ 341,628 2.0 % $ 319,276 90.2 % 88.3 % 6.5 % 5.9 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees. (D) The following table summarizes the types of advances included in servicer advance investments: December 31, 2023 2022 Principal and interest advances $ 57,909 $ 66,892 Escrow advances (taxes and insurance advances) 149,346 155,438 Foreclosure advances 113,375 119,298 Total $ 320,630 $ 341,628

REAL ESTATE AND OTHER SECURITIE

REAL ESTATE AND OTHER SECURITIES	12 Months Ended
REAL ESTATE AND OTHER SECURITIES	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
REAL ESTATE AND OTHER SECURITIES	REAL ESTATE AND OTHER SECURITIES “Agency” RMBS are RMBS issued by the GSEs or Ginnie Mae. “Non-Agency” RMBS and other securities are issued by either public trusts or private label securitization entities. The following table summarizes real estate and other securities by designation: December 31, 2023 Gross Unrealized Weighted Average Outstanding Face Amount Gains Losses Carrying Value (A) Number of Securities Coupon (B) Yield Life (Years) (C) Securities designated as available for sale (“AFS”): Agency (D) $ 74,639 $ — $ — $ 65,496 1 3.5 % 3.5 % 10.8 Non-Agency (E)(F) 2,477,170 68,624 (24,488) 363,157 331 3.5 % 3.9 % 5.4 Securities measured at fair value through net income (“FVO”): Agency (D) 8,515,621 121,771 (5,666) 8,467,634 43 5.2 % 5.2 % 8.2 Non-Agency (E)(F) 16,543,262 66,470 (80,463) 861,377 452 3.5 % 6.5 % 7.8 Total / Weighted Average $ 27,610,692 $ 256,865 $ (110,617) $ 9,757,664 827 5.0 % 5.2 % 8.1 December 31, 2022 Gross Unrealized Weighted Average Outstanding Face Amount Gains Losses Carrying Value (A) Number of Securities Coupon (B) Yield Life (Years) (C) RMBS designated as AFS: Agency (D) $ 80,261 $ — $ — $ 73,439 1 3.5 % 3.5 % 8.9 Non-Agency (E)(F) 2,631,852 72,354 (33,684) 397,076 333 3.5 % 3.5 % 6.4 RMBS measured at FVO: Agency (D) 7,383,261 91,770 (43,826) 7,264,978 35 5.0 % 5.0 % 8.6 Non-Agency (E)(F) 15,275,560 56,213 (91,369) 553,784 341 2.7 % 4.8 % 7.5 Total / Weighted Average $ 25,370,934 $ 220,337 $ (168,879) $ 8,289,277 710 4.8 % 4.9 % 8.4 (A) Fair value is equal to the carrying value for all securities. See Note 20 regarding the fair value measurements. (B) Excludes residual bonds and certain other Non-Agency bonds, with a carrying value of $30.5 million and $1.0 million, respectively, for which no coupon payment is expected. (C) Based on the timing of expected principal reduction on the assets. (D) The total outstanding face amount was $8.6 billion and $7.5 billion for fixed rate securities as of December 31, 2023 and 2022, respectively. (E) The total outstanding face amount was $7.8 billion (including $6.9 billion of residual and fair value option notional amount) and $8.4 billion (including $7.5 billion of residual and fair value option notional amount) for fixed-rate securities and $11.2 billion (including $10.7 billion of residual and fair value option notional amount) and $9.5 billion (including $9.3 billion of residual and fair value option notional amount) for floating rate securities as of December 31, 2023 and 2022, respectively. (F) Includes other asset-backed securities consisting primarily of (i) interest-only securities, servicing strips and commercial mortgage-backed securities (fair value option securities), (ii) bonds backed by AFS consumer loans and (iii) corporate debt and/or collateralized loan obligations which Rithm Capital elected to carry at fair value and record changes to valuation through earnings. These securities are detailed in the table below: Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Gains Losses Carrying Value Number of Securities Coupon Yield Life (Years) December 31, 2023 Consumer loan bonds $ 239 $ 640 $ — $ 640 1 — — 1.7 Fair value option securities Interest-only securities 10,949,006 35,711 (30,379) 143,966 148 0.8 % 10.1 % 2.4 Servicing strips 4,000,153 16,425 (3,197) 46,689 61 0.5 % 13.2 % 4.0 Commercial mortgage-backed securities 3,845 91 — 3,812 2 7.9 % 8.6 % 1.4 CLOs 244,336 2,896 (44) 226,486 88 5.7 % 6.1 % 9.1 December 31, 2022 Corporate Debt $ 514 $ — $ — $ 465 2 8.2 % 9.5 % 2.2 Consumer loan bonds 518 522 — 590 3 N/A N/A 0.7 Fair value option securities Interest-only securities 9,652,902 29,681 (31,714) 160,160 141 0.9 % 5.4 % 3.2 Servicing strips 4,338,099 17,501 (4,105) 59,017 61 0.7 % 9.9 % 4.2 The following table summarizes Real Estate and Other Securities, Held to Maturity: December 31, 2023 December 31, 2022 Weighted Average Outstanding Face Amount Amortized Cost / Carrying Value Fair Value Unrecognized Gains/(Losses) Number of Securities Yield Life (Years) Carrying Treasury Bills Designated as Held to Maturity (HTM): Treasury $ 25,000 $ 24,553 $ 24,566 $ 13 1 5.4 % 0.3 $ — The following table summarizes purchases and sales of Real Estate and Other Securities: Year Ended December 31, 2023 2022 (in millions) Treasury Agency Non-Agency Treasury Agency Non-Agency Purchases Face $ 1,055.0 $ 3,373.7 $ 2,816.9 $ — $ 16,479.3 $ 5,018.1 Purchase price 1,028.1 3,350.6 347.2 — 16,314.6 256.5 Sales Face $ — $ 1,691.5 $ — $ — $ 16,516.0 $ 15.3 Amortized cost — 1,671.7 0.2 — 16,759.7 13.6 Sale price — 1,614.7 — — 15,026.3 12.0 Gain (loss) on sale — (57.0) (0.2) — (1,733.4) (1.6) As of December 31, 2023, Rithm Capital had no unsettled trades. As of December 31, 2022, Rithm Capital had purchased $738.4 million face amount of Agency RMBS for $730.0 million and sold $490.8 million face amount of Agency RMBS for $471.6 million which had not yet been settled. Unsettled purchases and sales are recorded on a trade date basis and grouped and presented within Payable for Investments Purchased and Receivable for Investments Sold on the Consolidated Balance Sheets. Prior to 2023, Rithm Capital exercised its call rights with respect to Non-Agency RMBS trusts and purchased performing and non-performing residential mortgage loans and REO contained in such trusts prior to their termination. In certain cases, Rithm Capital sold portions of the purchased loans through securitizations and retained bonds issued by such securitizations. In addition, Rithm Capital received par on the securities issued by the called trusts which it owned prior to such trusts’ termination. The following table summarizes certain information for RMBS designated as AFS in an unrealized loss position as of December 31, 2023: Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Credit Impairment Credit Impairment (A) After Credit Impairment Gross Unrealized Losses Carrying Value Number of Securities Coupon Yield Life Less than 12 Months $ 54,500 $ 52,630 $ — $ 52,630 $ (3,272) $ 49,358 54 3.0 % 3.8 % 3.7 12 or More Months 308,038 284,426 (10,152) 274,274 (21,216) 253,058 136 3.7 % 3.8 % 7.3 Total / Weighted Average $ 362,538 $ 337,056 $ (10,152) $ 326,904 $ (24,488) $ 302,416 190 3.6 % 3.8 % 6.7 (A) Represents credit impairment on securities in an unrealized loss position as of December 31, 2023. Rithm Capital performed an assessment of all RMBS designated as AFS that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of credit impairment, exceeds its fair value) and determined the following: December 31, 2023 December 31, 2022 Gross Unrealized Losses Gross Unrealized Losses RMBS Designated as AFS Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Securities Rithm Capital intends to sell $ — $ — $ — $ — $ — $ — $ — $ — Securities Rithm Capital is more likely than not to be required to sell (C) — — — — — — — — Securities Rithm Capital has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 65,697 66,377 (10,152) (680) 77,843 78,101 (10,816) (258) Non-credit impaired securities 236,719 260,527 — (23,808) 271,405 304,831 — (33,426) Total debt securities in an unrealized loss position $ 302,416 $ 326,904 $ (10,152) $ (24,488) $ 349,248 $ 382,932 $ (10,816) $ (33,684) (A) Required to be recorded through earnings. In measuring the portion of credit losses, Rithm Capital estimates the expected cash flow for each of the securities. This evaluation included a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows included Rithm Capital’s expectations of prepayment rates, default rates and loss severities. Credit losses were measured as the decline in the present value of the expected future cash flows discounted at the security’s effective interest rate. (B) Represents unrealized losses on securities that are due to non-credit factors. (C) Rithm Capital may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, Rithm Capital must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales. The following table summarizes the activity related to the allowance for credit losses on RMBS designated as AFS (excluding credit impairment relating to securities Rithm Capital intends to sell or is more likely than not required to sell): RMBS Designated as AFS Purchased Credit Deteriorated Non-Purchased Credit Deteriorated Total Allowance for credit losses on available-for-sale debt securities at December 31, 2021 $ 3,471 $ — $ 3,471 Additions to the allowance for credit losses on securities for which credit losses were not previously recorded 128 6,676 6,804 Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period — — — Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period 541 — 541 Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Allowance for credit losses on available-for-sale debt securities at December 31, 2022 $ 4,140 $ 6,676 $ 10,816 Additions to the allowance for credit losses on securities for which credit losses were not previously recorded — — — Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period (221) — (221) Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period (2,736) 2,293 (443) Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Allowance for credit losses on available-for-sale debt securities at December 31, 2023 $ 1,183 $ 8,969 $ 10,152 See Note 19 regarding the financing of Real Estate and Other Securities.

RESIDENTIAL MORTGAGE LOANS

RESIDENTIAL MORTGAGE LOANS	12 Months Ended
RESIDENTIAL MORTGAGE LOANS	Dec. 31, 2023
Receivables [Abstract]
RESIDENTIAL MORTGAGE LOANS	RESIDENTIAL MORTGAGE LOANS Rithm Capital accumulated its residential mortgage loan portfolio through various bulk acquisitions and the execution of call rights. Rithm Capital, through its Mortgage Company, originates residential mortgage loans for sale and securitization to third parties and generally retains the servicing rights on the underlying loans. Loans are accounted for based on Rithm Capital’s strategy for the loan and on whether the loan was credit-impaired at the date of acquisition. As of December 31, 2023, Rithm Capital accounts for loans based on the following categories: • Loans held-for-investment, at fair value • Loans held-for-sale, at lower of cost or fair value • Loans held-for-sale, at fair value The following table summarizes residential mortgage loans outstanding by loan type: December 31, 2023 2022 Outstanding Face Amount Carrying Loan 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 % 5.9 72,425 Acquired non-performing loans (C) 26,381 21,839 326 8.5 % 5.6 28,602 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 % 16.4 890,131 Acquired non-performing loans (C)(D) 220,962 204,950 1,135 4.6 % 25.2 340,342 Originated loans 1,816,318 1,856,312 5,850 7.1 % 29.4 2,066,798 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 the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount December 31, State Concentration 2023 2022 Texas 9.5 % 8.9 % Florida 9.3 % 10.9 % California 8.3 % 10.2 % New York 8.0 % 6.8 % Georgia 4.9 % 4.2 % New Jersey 3.9 % 3.8 % Virginia 3.6 % 2.7 % Illinois 3.5 % 3.6 % Maryland 3.3 % 3.1 % North Carolina 3.2 % 2.5 % Other U.S. 42.5 % 43.3 % 100.0 % 100.0 % See Note 19 regarding the financing of residential mortgage loans. The following table summarizes the difference between the aggregate UPB and the aggregate carrying value of loans: December 31, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying Value Over (Under) UPB 90+ $ 313,122 $ 281,556 $ (31,566) $ 468,147 $ 423,321 $ (44,826) The following table summarizes the activity for residential mortgage loans: Loans Held-for-Investment, at Fair Value Loans Held-for-Sale, at Lower of Cost or Fair Value Loans Held-for-Sale, at Fair Value Total Balance at December 31, 2021 $ 569,933 $ 132,921 $ 11,214,924 $ 11,917,778 Originations — — 67,406,228 67,406,228 Sales — (4,426) (81,648,703) (81,653,129) Purchases/additional fundings 7,182 — 6,880,225 6,887,407 Proceeds from repayments (80,661) (17,777) (394,613) (493,051) Transfer of loans to other assets (A) — — (25,375) (25,375) Transfer of loans to REO (4,956) (1,386) (752) (7,094) Transfers of loans to held-for-sale (1,580) — — (1,580) Transfers of loans to from held-for-investment — — 1,582 1,582 Valuation provision on loans — (8,305) — (8,305) Fair value adjustments due to: Changes in instrument-specific credit risk (33,086) — (36,204) (69,290) Other factors (4,313) — (100,041) (104,354) Balance at December 31, 2022 $ 452,519 $ 101,027 $ 3,297,271 $ 3,850,817 Originations — — 37,123,264 37,123,264 Sales — (6,946) (38,207,803) (38,214,749) Purchases/additional fundings 1,269 — 375,435 376,704 Proceeds from repayments (51,195) (10,773) (181,166) (243,134) Transfer of loans to other assets (A) — 286 11,376 11,662 Transfer of loans to REO (7,148) (2,858) (1,459) (11,465) Transfers of loans to held-for-sale (30,556) — — (30,556) Transfers of loans to from held-for-investment — — 30,556 30,556 Valuation (provision) reversal on loans — (1,859) — (1,859) Fair value adjustments due to: Changes in instrument-specific credit risk 7,540 — 4,639 12,179 Other factors 6,615 — 9,752 16,367 Balance at December 31, 2023 $ 379,044 $ 78,877 $ 2,461,865 $ 2,919,786 (A) Represents loans for which foreclosure has been completed and for which Rithm Capital has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are grouped and presented as part of claims receivable in other assets (Note 14). Net Interest Income The following table summarizes the net interest income for residential mortgage loans: December 31, 2023 2022 2021 Interest income: Loans held-for-investment, at fair value $ 34,658 $ 45,287 $ 44,369 Loans held-for-sale, at lower of cost or fair value 5,804 6,898 23,280 Loans held-for-sale, at fair value 159,233 211,238 260,062 Total interest income 199,695 263,423 327,711 Interest expense: Loans held-for-investment, at fair value 18,893 17,583 16,919 Loans held-for-sale, at lower of cost or fair value 3,615 3,402 21,333 Loans held-for-sale, at fair value (A) 161,901 181,071 159,413 Total interest expense 184,409 202,056 197,665 Net interest income $ 15,286 $ 61,367 $ 130,046 (A) Includes interest expense attributed to SFR properties in the years ended December 31, 2022 and December 31, 2021. Gain on Originated Residential Mortgage Loans, Held-for-Sale, Net The Mortgage Company originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the sale or securitization of loans to the GSEs or mortgage investors, Rithm Capital reports gain on originated residential mortgage loans, held-for-sale, net in the Consolidated Statements of Operations. The following table summarizes the components of gain on originated residential mortgage loans, held-for-sale, net: Year Ended December 31, 2023 2022 2021 Gain (loss) on residential mortgage loans originated and sold, net (A) $ (417,180) $ (1,106,458) $ 460,062 Gain (loss) on settlement of residential mortgage loan origination derivative instruments (B) 73,476 1,285,219 240,610 MSRs retained on transfer of residential mortgage loans (C) 786,655 1,222,742 1,331,626 Other (D) 14,622 33,551 107,249 Realized gain on sale of originated residential mortgage loans, net $ 457,573 $ 1,435,054 $ 2,139,547 Change in fair value of residential mortgage loans 99,877 (271,530) (137,503) Change in fair value of interest rate lock commitments (Note 18) 15,018 (102,992) (293,699) Change in fair value of derivative instruments (Note 18) (64,034) 25,700 118,564 Gain on originated residential mortgage loans, held-for-sale, net $ 508,434 $ 1,086,232 $ 1,826,909 (A) Includes residential mortgage loan origination fees of $0.4 billion, $0.6 billion and $2.3 billion in the years ended December 31, 2023, 2022 and 2021, respectively. (B) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (C) Represents the initial fair value of the capitalized MSRs upon loan sales with servicing retained. (D) Includes fees for services associated with the residential mortgage loan origination process.

CONSUMER LOANS

CONSUMER LOANS	12 Months Ended
CONSUMER LOANS	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
CONSUMER LOANS	CONSUMER LOANS On June 20, 2023, Rithm Capital purchased a portfolio of consumer loans from Goldman Sachs Bank USA (the “Marcus loans” or “Marcus”). The portfolio consists of unsecured fixed-rate closed end installment loans. In tandem with this purchase, Rithm Capital entered into a loan servicing agreement with Goldman Sachs Bank USA (“Goldman”) whereby Goldman will master service the Marcus loans for the duration of their life. As of December 2023, the servicing of the loans moved to Systems & Services Technologies, Inc. with Goldman remaining as master servicer of the loans. Rithm Capital, through certain limited liability companies (together, the “Consumer Loan Companies”), has a co-investment in a portfolio of consumer loans purchased from the joint venture SpringCastle. The portfolio includes personal unsecured loans and personal homeowner loans (the “SpringCastle loans” or “SpringCastle”). OneMain Holdings Inc is the servicer of the SpringCastle loans and provides all servicing and advancing functions for the SpringCastle portfolio. As of December 31, 2023, Rithm Capital owns 53.5% of the limited liability company interests in, and consolidates, the Consumer Loan Companies. The following table summarizes characteristics of the consumer loan portfolio, inclusive of the SpringCastle loans and Marcus loans: UPB Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) December 31, 2023 SpringCastle $ 260,102 $ 285,632 18.2 % 3.7 Marcus $ 1,048,672 $ 988,373 10.5 % 1.2 Total consumer loans $ 1,308,774 $ 1,274,005 12.0 % 1.7 December 31, 2022 SpringCastle $ 330,428 $ 363,756 17.8 % 3.4 Marcus $ — $ — — % — Total consumer loans $ 330,428 $ 363,756 17.8 % 3.4 See Note 19 regarding the financing of consumer loans. The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans: December 31, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB Carrying Value (A) Carrying Value Over (Under) UPB SpringCastle Current $ 255,441 $ 280,577 $ 25,136 $ 325,192 $ 358,057 $ 32,865 90+ 4,661 5,055 394 5,236 5,699 463 Total SpringCastle $ 260,102 $ 285,632 $ 25,530 $ 330,428 $ 363,756 $ 33,328 Marcus Current $ 1,014,404 $ 956,076 $ (58,328) $ — $ — $ — 90+ 34,268 32,297 (1,971) — — — Total Marcus $ 1,048,672 $ 988,373 $ (60,299) $ — $ — $ — $ 1,308,774 $ 1,274,005 $ (34,769) $ 330,428 $ 363,756 $ 33,328 (A) Consumer loans are carried at fair value. See Note 20 regarding fair value measurements. The following table summarizes activities related to the carrying value of consumer loans: Balance at December 31, 2021 $ 507,291 Purchases — Additional fundings (A) 29,615 Proceeds from repayments (150,301) Accretion of loan discount and premium amortization, net 13,891 Fair value adjustments due to: Changes in instrument-specific credit risk 1,540 Other factors (38,280) Balance at December 31, 2022 $ 363,756 Purchases 1,317,347 Additional fundings (A) 27,510 Proceeds from repayments (446,124) Accretion of loan discount and premium amortization, net 37,717 Fair value adjustments due to: Changes in instrument-specific credit risk 957 Other factors (27,158) Balance at December 31, 2023 $ 1,274,005 (A) Represents draws on consumer loans with revolving privileges.

SINGLE-FAMILY RENTAL PROPERTIES

SINGLE-FAMILY RENTAL PROPERTIES	12 Months Ended
SINGLE-FAMILY RENTAL PROPERTIES	Dec. 31, 2023
Real Estate [Abstract]
SINGLE-FAMILY RENTAL PROPERTIES	SINGLE-FAMILY RENTAL PROPERTIES Rithm Capital continues to invest in its SFR portfolio and is striving to become a leader in the SFR sector by acquiring and maintaining a geographically diversified portfolio of high-quality single-family homes and leasing them to high quality residents. The following table summarizes the net carrying value of investments in SFR properties: December 31, 2023 2022 Land $ 183,359 $ 175,607 Building 733,437 702,427 Capital improvements 138,869 118,999 Total gross investment in SFR properties 1,055,665 997,033 Accumulated depreciation (53,737) (25,720) Investment in SFR properties, net $ 1,001,928 $ 971,313 Depreciation expense for the years ended December 31, 2023 and 2022 totaled $28.2 million and $18.9 million, respectively, and is included in other income (loss), net in the Consolidated Statements of Operations. As of December 31, 2023 and 2022, the carrying amount of the SFR properties includes capitalized acquisition costs of $7.5 million and $7.7 million, respectively. SFR properties held-for-sale are managed for near term sale and disposition. For the year ended December 31, 2023, Rithm Capital transferred 30 SFR properties to held-for-sale. The following table summarizes the activity related to the net carrying value of investments in SFR properties: SFR Properties Held- for-Investment SFR Properties Held- for-Sale Total Balance at December 31, 2021 $ 579,607 $ — $ 579,607 Acquisitions and capital improvements 415,858 — 415,858 Dispositions (5,242) — (5,242) Accumulated depreciation (18,910) — (18,910) Balance at December 31, 2022 $ 971,313 $ — $ 971,313 Acquisitions and capital improvements 67,013 — 67,013 Transfers to held-for-sale (9,747) 9,747 — Dispositions (250) (7,990) (8,240) Accumulated depreciation (27,972) (186) (28,158) Balance at December 31, 2023 $ 1,000,357 $ 1,571 $ 1,001,928 Rithm Capital generally rents its SFR properties under non-cancelable lease agreements with a term of one 2024 $ 39,942 2025 and thereafter $ 2,399 Total $ 42,341 The following table summarizes the activity of the SFR portfolio by units: SFR Properties Held- for-Investment SFR Properties Held- for-Sale Total Balance at December 31, 2021 2,551 — 2,551 Acquisition of SFR units 1,196 — 1,196 Disposition of SFR units (16) — (16) Balance at December 31, 2022 3,731 — 3,731 Acquisition of SFR units 182 — 182 Transfer to held-for-sale (30) 30 — Disposition of SFR units (1) (24) (25) Balance at December 31, 2023 3,882 6 3,888 See Note 19 regarding the financing of SFR Properties.

MORTGAGE LOANS RECEIVABLE

MORTGAGE LOANS RECEIVABLE	12 Months Ended
MORTGAGE LOANS RECEIVABLE	Dec. 31, 2023
Receivables [Abstract]
MORTGAGE LOANS RECEIVABLE	MORTGAGE LOANS RECEIVABLE Genesis specializes in originating and managing a portfolio of primarily short-term mortgage loans to fund the construction and development of, or investment in, residential properties. On August 24, 2023 Rithm Capital acquired a portfolio of loans from Morgan Stanley Bank, N.A. with a face value of $148.4 million. The portfolio consists of fixed rate bridge and renovation loans and is master serviced by Genesis. The following table summarizes mortgage loans receivable outstanding by loan purpose as of December 31, 2023: Carrying Value (A) % of Portfolio Loan % of Portfolio Weighted Average Yield Weighted 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% Bridge 1,009,667 45.3 % 652 47.6 % 9.6 % 26.5 68.8% Renovation 289,115 12.9 % 349 25.4 % 10.0 % 13.5 80.5% / 68.6% $ 2,232,913 100.0 % 1,372 100.0 % 10.1 % 20.4 N/A December 31, 2022 Construction $ 965,495 46.8 % 622 37.1 % 8.3 % 15.0 76.8% / 65.6% Bridge 838,539 40.6 % 701 41.8 % 8.1 % 20.1 75.3% Renovation 259,994 12.6 % 354 21.1 % 8.3 % 13.0 78.0% / 66.1% $ 2,064,028 100.0 % 1,677 100.0 % 8.2 % 16.5 N/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 advances 1,438,117 Construction holdbacks and draws 559,294 Paydowns and payoffs (1,405,278) Purchased loans discount (premium) amortization (43,867) Balance at December 31, 2022 $ 2,064,028 Purchases 146,631 Initial loan advances 1,380,187 Construction holdbacks and draws 667,656 Paydowns and payoffs (2,025,890) Purchased loans discount (premium) amortization 668 Fair value adjustments due to: Changes in instrument-specific credit risk — Other factors (367) Balance at December 31, 2023 $ 2,232,913 The Company is subject to credit risk in connection with its investments in mortgage loans. The two primary components of credit risk are default risk, which is the risk that a borrower fails to make scheduled principal and interest payments, and severity risk, which is the risk of loss upon a borrower default on a mortgage loan or other secured or unsecured loan. Severity risk includes the risk of loss of value of the property or other asset, if any, securing the loan, as well as the risk of loss associated with taking over the property or other asset, if any, including foreclosure costs. 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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 geographic distribution of the underlying mortgage loans receivable as of December 31, 2023: Percentage of Total Loan Commitment State Concentration December 31, 2023 December 31, 2022 California 48.2 % 52.7 % Washington 7.9 % 10.2 % Florida 7.3 % 6.3 % New York 6.5 % 5.9 % Colorado 5.0 % 6.7 % Arizona 4.7 % 6.6 % Virginia 3.5 % 0.7 % Texas 2.5 % 1.9 % Georgia 2.4 % 0.8 % Illinois 2.3 % 0.5 % Other U.S. 9.7 % 7.7 % 100.0 % 100.0 %

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	12 Months Ended
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	CASH, CASH EQUIVALENTS AND RESTRICTED CASH Rithm Capital considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits. Restricted cash primarily relates to the financing of servicer advances that has been pledged to the note holders for interest and fees payable, cash related to securitization facilities (Note 21) and financing of consumer loans as well as real estate securities. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Rithm Capital’s Consolidated Balance Sheets to the total of the such same amounts shown in the Consolidated Statements of Cash Flows: December 31, 2023 2022 Cash and cash equivalents $ 1,287,199 $ 1,336,508 Restricted cash 385,620 281,126 Total cash, cash equivalents and restricted cash $ 1,672,819 $ 1,617,634 The following table summarizes restricted cash balances: December 31, 2023 2022 Investment Portfolio $ 144,169 $ 94,508 Origination and servicing 195,490 161,249 Mortgage loans receivable 37,805 25,369 Asset management 8,156 — Total restricted cash $ 385,620 $ 281,126

OTHER ASSETS AND LIABILITIES

OTHER ASSETS AND LIABILITIES	12 Months Ended
OTHER ASSETS AND LIABILITIES	Dec. 31, 2023
Other Income Assets And Liabilities
OTHER ASSETS AND LIABILITIES	OTHER ASSETS AND LIABILITIES Other Assets and Accrued Expenses and Other Liabilities consist of the following: Other Assets Accrued Expenses December 31, December 31, 2023 2022 2023 2022 Assets of consolidated funds $ 340,929 $ — Accounts payable $ 165,144 $ 155,492 Deferred tax asset 279,019 — Accrued compensation and benefits 290,464 112,762 Derivative and hedging assets (Note 18) 28,080 52,229 Deferred tax liability 801,857 711,855 Due from related parties 32,319 — Derivative liabilities (Note 18) 115,531 18,064 Equity investments (A) 173,882 71,388 Escheat payable 169,914 113,772 Excess MSRs, at fair value (Note 5) 271,150 321,803 Interest payable 149,552 87,700 Goodwill (Note 16) (B) 131,857 85,199 Lease liability (Note 17) 159,236 101,225 Income and fees receivable 59,134 — Liabilities of consolidated funds 219,920 — Intangible assets (Note 16) 387,920 141,413 Unearned income and fees 37,468 — Loan Receivable, at fair value (C) 31,323 94,401 Other liabilities 223,293 185,797 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 receivables 152,046 146,131 Prepaid expenses 62,513 60,817 Principal and interest receivable 161,695 106,608 Property and equipment 40,038 37,883 Real Estate Owned 15,507 19,379 Servicer advances, at fair value (Note 7) 376,881 398,820 Servicing fee receivables 156,777 128,438 Warrants, at fair value 16,599 19,346 Other assets 182,881 132,809 $ 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. Real Estate Owned (REO) — REO assets are individual properties acquired by Rithm Capital or where Rithm Capital receives the property in satisfaction of a debt (e.g., by taking legal title or physical possession). Rithm Capital measures REO assets at the lower of cost or fair value, with valuation provision recorded in other income in the Consolidated Statements of Operations. REO assets are managed for prompt sale and disposition. The following table presents activity related to the carrying value of investments in REO: Balance at December 31, 2021 $ 21,641 Purchases 210 Property received in satisfaction of loan 14,936 Sales (A) (18,349) Valuation (provision) reversal 941 Balance at December 31, 2022 $ 19,379 Purchases — Property received in satisfaction of loan 21,943 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. As of December 31, 2023, Rithm Capital had residential mortgage loans and mortgage loans receivable that were in the process of foreclosure with UPBs of $55.6 million and $38.4 million, respectively. Notes and Loans Receivable — The following table summarizes the activity for notes and loans receivable: Notes Receivable Loans Receivable Total Balance at December 31, 2021 $ 60,549 $ 229,631 $ 290,180 Fundings 9,000 — 9,000 Payment in Kind 3,741 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. 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, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB 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.

EXPENSES, REALIZED AND UNREALIZ

EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER	EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER Other Revenues consists of the following: Year Ended December 31, 2023 2022 2021 Property and maintenance $ 133,424 $ 132,432 $ 104,797 Rental 73,216 54,567 13,745 Other 29,527 43,906 46,937 Total other revenues $ 236,167 $ 230,905 $ 165,480 General and Administrative expenses consists of the following: Year Ended December 31, 2023 2022 2021 Legal and professional $ 103,795 $ 78,837 $ 102,114 Loan origination 45,123 108,149 196,989 Occupancy 55,883 116,526 70,616 Subservicing 130,346 162,972 224,138 Loan servicing 16,185 11,759 16,440 Property and maintenance 97,582 93,689 69,083 Other 281,838 303,496 184,648 Total general and administrative expenses $ 730,752 $ 875,428 $ 864,028 Other Income (Loss) The following table summarizes the components of other income (loss): Year Ended December 31, 2023 2022 2021 Real estate and other securities $ 39,362 $ (1,499,418) $ (490,180) Residential mortgage loans and REO 19,861 (160,985) 270,492 Derivative and hedging instruments (54,342) 1,468,931 126,222 Notes and bonds payable (12,843) 45,792 11,506 Other (A) (29,274) (54,501) (125,477) Realized and unrealized gains (losses), net $ (37,236) $ (200,181) $ (207,437) Other income (loss), net (69,010) (145,385) 3,241 Total other income (loss) $ (106,246) $ (345,566) $ (204,196) (A) Includes excess MSRs, servicer advance investments, consumer loans and other.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS As a result of acquisitions, Rithm Capital identified intangible assets in the form of management contracts, customer relationships, purchased technology and trademarks / trade names. The following table summarizes the carrying value of goodwill by reportable segment: Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Total Balance at December 31, 2021 $ 24,376 $ 5,092 $ 55,731 $ — $ 85,199 Goodwill acquired — — — — — Accumulated impairment loss — — — — — Balance at December 31, 2022 $ 24,376 $ 5,092 $ 55,731 $ — $ 85,199 Goodwill acquired (A) — — — 46,658 46,658 Accumulated impairment loss — — — — — Balance at December 31, 2023 $ 24,376 $ 5,092 $ 55,731 $ 46,658 $ 131,857 (A) Refer to Note 3 for discussion regarding the Sculptor Acquisition. The following table summarizes the acquired identifiable intangible assets: As of December 31, Estimated Useful Lives (Years) 2023 2022 Gross Intangible Assets Management contracts 10 $ 275,000 $ — Customer relationships 3 to 9 57,949 57,949 Purchased technology 3 to 7 137,922 120,787 Trademarks / Trade names 1 to 5 10,259 10,259 481,130 188,995 Accumulated Amortization Management contracts 3,388 — Customer relationships 17,834 12,960 Purchased technology 67,145 30,959 Trademarks / Trade names 4,843 3,663 93,210 47,582 Intangible Assets, Net Management contracts 271,612 — Customer relationships 40,115 44,989 Purchased technology (A) 70,777 89,828 Trademarks / Trade names (B) 5,416 6,596 $ 387,920 $ 141,413 (A) Includes indefinite-lived intangible assets of $21.4 million and $21.4 million, respectively. (B) Includes indefinite-lived intangible assets of $1.9 million and $1.9 million, respectively. The following table summarizes the expected future amortization expense for acquired intangible assets as of December 31, 2023: Year Ending Amortization Expense 2024 $ 55,220 2025 53,103 2026 44,983 2027 36,009 2028 and thereafter $ 175,364 $ 364,679

LEASES

LEASES	12 Months Ended
LEASES	Dec. 31, 2023
Leases [Abstract]
LEASES	LEASES Rithm Capital, through its wholly-owned subsidiaries, has leases on office space expiring through 2033. Rent expense, net of sublease income for the years ended December 31, 2023, 2022 and 2021 totaled $45.8 million, $45.2 million and $26.1 million, respectively. The Company has leases that include renewal options and escalation clauses. The terms of the leases do not impose any financial restrictions or covenants. Operating lease ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent obligations to make lease payments arising from the lease. In addition, the Company has finance leases for computer hardware. As of December 31, 2023, the Company has pledged collateral related to its lease obligations of $6.2 million, which is presented as part of restricted cash on the Consolidated Balance Sheets. Operating lease ROU assets and lease liabilities are grouped and presented as part of other assets accrued expenses and other liabilities The table below summarizes the future commitments under the non-cancelable leases: Year Ending Operating Leases Finance Leases Total 2024 $ 41,305 $ 228 $ 41,533 2025 33,617 228 33,845 2026 26,982 228 27,210 2027 27,111 228 27,339 2028 23,818 — 23,818 2029 and thereafter 37,271 — 37,271 Total remaining undiscounted lease payments 190,104 912 191,016 Less: imputed interest 31,680 100 31,780 Total remaining discounted lease payments $ 158,424 $ 812 $ 159,236 The future commitments under the non-cancelable leases have not been reduced by the sublease rentals of $18.6 million due in the future periods. Other information related to leases is summarized below: December 31, 2023 2022 Weighted-average remaining lease term (years) Operating leases 5.8 5.7 Finance leases 3.5 - Weighted-average discount rate Operating leases 6.2 % 4.0 % Finance leases 7.9 % — % Year Ended December 31, Supplemental Information 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 34,655 $ 51,005 $ 24,667 Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets: Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,449 $ 5,773 $ 3,013

DERIVATIVES AND HEDGING

DERIVATIVES AND HEDGING	12 Months Ended
DERIVATIVES AND HEDGING	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING	DERIVATIVES AND HEDGING Rithm Capital enters into economic hedges including interest rate swaps, TBAs, and short sales to hedge a portion of its interest rate risk exposure. Interest rate risk is sensitive to many factors, including governmental monetary and tax policies, domestic and international economic and political considerations, as well as other factors. Rithm Capital’s credit risk with respect to economic hedges is the risk of default on Rithm Capital’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments. Rithm Capital may at times hold TBAs or other short positions in order to mitigate Rithm Capital’s interest rate risk on certain specified mortgage-backed securities and MSRs. Amounts or obligations owed by or to Rithm Capital are subject to the right of set-off with the counterparty. As part of executing these trades, Rithm Capital may enter into agreements with its counterparties that govern the transactions for the purchases or sales made, including margin maintenance, payment and transfer, events of default, settlements and various other provisions. Changes in the value of hedges designed to protect against mortgage-backed securities and MSR fair value fluctuations, or hedging gains and losses, are reflected in the tables below. As of December 31, 2023, Rithm Capital also held interest rate lock commitments (“IRLCs”), which represent a commitment to a particular interest rate provided the borrower is able to close the loan within a specified period, and forward loan sale and securities delivery commitments, which represent a commitment to sell specific residential mortgage loans at prices which are fixed as of the forward commitment date. Rithm Capital enters into forward loan sale and securities delivery commitments in order to hedge the exposure related to IRLCs and residential mortgage loans that are not covered by residential mortgage loan sale commitments. Derivatives and hedges are recorded at fair value on the Consolidated Balance Sheets as follows: December 31, Balance Sheet Location 2023 2022 Derivative and hedging assets Interest rate swaps (A) Other assets $ 106 $ 449 Interest rate lock commitments Other assets 26,482 16,015 TBAs Other assets 1,492 35,765 $ 28,080 $ 52,229 Derivative and hedging liabilities Interest rate lock commitments Accrued expenses and other liabilities $ 2,678 $ 7,229 TBAs Accrued expenses and other liabilities 49,087 10,835 Treasury short sales (B) Accrued expenses and other liabilities 63,766 — $ 115,531 $ 18,064 (A) Net of $342.0 million and $1.2 billion of related variation margin accounts as of December 31, 2023 and 2022, respectively. (B) Net of $1.8 billion and $0.0 billion of related reverse repurchase agreements as of December 31, 2023 and 2022, respectively. The following table summarizes notional amounts related to derivatives and hedging: December 31, 2023 2022 Interest rate swaps (A) $ 7,979,988 $ 23,085,000 Interest rate lock commitments 2,757,060 2,647,747 Treasury short sales (B) 1,800,000 — TBAs, short position (C) 6,013,100 8,473,221 TBAs, long position (C) — 31,500 (A) Includes $8.0 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 2.5% and $0.0 billion notional of receive fixed of 0.0%/pay SOFR with weighted average maturities of 32 months and 0 months, respectively, as of December 31, 2023. Includes $23.1 billion notional of receive SOFR/pay fixed of 1.9% and $0.0 billion notional of receive fixed of 0.0%/pay SOFR with weighted average maturities of 35 months and 0 months, respectively, as of December 31, 2022. (B) Represents the notional amount of U.S. Treasury Notes sold short. Carrying value of Treasury short sales is net of $1.8 billion notional and carrying value of reverse repurchase agreements. (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes gain (loss) on derivatives and hedging and the related location on the Consolidated Statements of Operations: Year Ended December 31, 2023 2022 2021 Servicing revenue, net (A) TBAs $ — $ (15,205) $ 10,483 Treasury futures — (1,746) (23,961) Options on treasury futures — 5,635 (17,003) — (11,316) (30,481) Gain on originated residential mortgage loans, held-for-sale, net (A) Interest rate lock commitments 15,018 (102,992) (293,699) TBAs (62,924) 25,700 118,564 Interest rate swaps (1,110) — — (49,016) (77,292) (175,135) Realized and unrealized gains (losses), net (B)(C) Interest rate swaps 20,990 1,159,777 162,730 TBAs (7,326) 309,154 (36,508) Treasury short sales (68,006) — — (54,342) 1,468,931 126,222 Total gain (loss) $ (103,358) $ 1,380,323 $ (79,394) (A) Represents unrealized gain (loss). (B) Excludes $0.0 million loss, $79.0 million loss, and $34.7 million loss for the year ended December 31, 2023, 2022 and 2021, respectively, included within servicing revenue, net (Note 6). (C) Excludes $73.5 million gain, $1.3 billion gain and $240.6 million gain for the year ended December 31, 2023, 2022 and 2021, respectively, included within gain on originated residential mortgage loans, held-for-sale, net (Note 9).

DEBT OBLIGATIONS

DEBT OBLIGATIONS	12 Months Ended
DEBT OBLIGATIONS	Dec. 31, 2023
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS The following table summarizes Secured Financing Agreements, Secured Notes and Bonds Payable, and debt obligations related to consolidated funds: December 31, 2023 December 31, 2022 Collateral Debt Obligations/Collateral (C) Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Secured Financing Agreements Warehouse Credit Facilities-Residential Mortgage Loans (D) $ 1,940,295 $ 1,940,038 Jan-24 to Nov-25 6.8 % 0.6 $ 2,201,857 $ 2,315,385 $ 2,235,311 21.5 $ 2,601,327 Warehouse Credit Facility- Mortgage Loans Receivable (E) 1,337,010 1,337,010 May-24 to Dec-25 8.2 % 1.7 1,610,728 1,609,242 1,609,242 1.2 1,220,662 Agency RMBS or Treasuries (F) 8,152,469 8,152,469 Jan-24 to Jul-24 5.5 % 0.2 8,588,624 8,415,294 8,566,211 8.2 6,821,788 Non-Agency RMBS (E) 610,189 610,189 Jan-24 to Oct-28 7.6 % 0.8 15,285,491 932,248 958,292 6.1 609,282 SFR Properties (E) 20,534 20,534 Dec-24 8.2 % 1.0 N/A 47,433 47,433 N/A 4,677 CLOs (G) 186,378 183,947 Jan-30 to Jul-35 6.4 % 8.9 186,378 184,112 184,112 8.9 — Commercial Notes Receivable 323,452 317,096 Dec-24 6.5 % 0.9 429,240 364,977 364,977 N/A — Total Secured Financing Agreements 12,570,327 12,561,283 6.1 % 0.6 11,257,736 Secured Notes and Bonds Payable Excess MSRs (E) 181,522 181,522 Oct-25 8.7 % 1.8 60,049,904 235,395 272,308 6.1 227,596 MSRs (H) 4,807,776 4,800,728 Dec-24 to Nov-27 7.5 % 1.9 522,025,042 6,367,520 8,340,171 7.5 4,791,543 Servicer Advance Investments (I) 278,845 278,042 Mar-24 to Aug-24 7.5 % 0.2 314,442 353,113 367,803 8.2 318,445 Servicer Advances (I) 2,254,515 2,254,369 Feb-24 to Sep-25 7.7 % 0.4 2,856,680 2,760,250 2,760,250 0.7 2,361,259 Residential Mortgage Loans (J) 650,000 650,000 May-24 6.5 % 0.4 649,978 651,948 652,059 29.2 769,988 Consumer Loans (K) 1,134,666 1,106,974 Jun-28 to Sep 37 7.0 % 4.2 1,308,774 1,269,872 1,274,005 1.7 299,498 SFR Properties (L) 833,386 789,174 Mar-26 to Sep-27 4.1 % 3.3 N/A 952,923 952,923 N/A 817,695 Mortgage Loans Receivable (M) 524,062 518,998 Jul 26 to Dec-26 5.7 % 2.8 578,314 578,314 578,314 1.0 512,919 Secured Facility- Asset Management 75,000 69,121 Nov-25 8.8 % 1.8 N/A N/A N/A N/A — CLOs (G) 30,458 30,258 May-30 to Oct-34 7.1 % 6.7 30,458 30,425 30,425 6.7 — Total Secured Notes and Bonds Payable 10,770,230 10,679,186 7.1 % 1.9 0 10,098,943 Liabilities of Consolidated Funds (N) Consolidated funds (O) 222,250 218,157 May-37 5.0 % 4.8 205,723 N/A 203,794 N/A — Total / Weighted Average $ 23,562,807 $ 23,458,626 6.6 % 1.2 $ 21,356,679 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through the date of issuance were refinanced, extended or repaid. (C) Includes approximately $142.3 million of associated accrued interest payable as of December 31, 2023. (D) Includes $233.9 million which bear interest at an average fixed rate of 5.0% with the remaining having SOFR-based floating interest rates. (E) All SOFR-based floating interest rates. (F) All repurchase agreements have a fixed rate. Collateral carrying value includes margin deposits. (G) All SOFR- or Euro Interbank Offered Rate (EURIBOR)-based floating interest rate. (H) Includes $3.8 billion of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to SOFR and (ii) a margin ranging from 2.5% to 3.7%; and $1.0 billion of MSR notes with fixed interest rates ranging 3.0% to 5.4%. The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and MSR financing receivables securing these notes. (I) Includes debt bearing interest equal to the sum of (i) a floating rate index equal to SOFR and (ii) a margin ranging from 1.5% to 3.7%. Collateral includes servicer advance investments, as well as servicer advances receivable related to the MSRs and MSR financing receivables owned by NRM and the Mortgage Company. (J) Represents $650.0 million securitization backed by a revolving warehouse facility to finance newly originated first-lien, fixed- and adjustable-rate residential mortgage loans which bears interest equal to SOFR plus 1.2%. Collateral carrying value includes cash held in the securitization trust required to meet collateral requirements. (K) Includes (i) SpringCastle debt, which is primarily composed of the following classes of asset-backed notes held by third parties: $205.2 million UPB of Class A notes with a coupon of 2.0% and $53.0 million of Class B notes with a coupon of 2.7% and (ii) $871.2 million of debt collateralized by the Marcus loans bearing interest at the sum of SOFR plus a margin of 3.0%. (L) Includes $833.4 million of fixed rate notes which bear interest ranging from 3.5% to 7.1%. (M) Includes $238.1 million which bear interest at an average fixed rate of 4.6% with the remaining having SOFR-based floating interest rates. (N) Included within accrued expenses and other liabilities in the Consolidated Balance Sheets (Note 14). (O) Includes $120.0 million UPB of Class A notes with a fixed coupon of 4.3%, $70.0 million UPB of Class B notes with a fixed coupon of 5.3%, $15.0 million UPB of Class C notes with a fixed coupon of 6.3%, and $17.3 million UPB of Subordinated notes, held within consolidated funds (Note 21). Weighted average life is based off expected maturity. General Certain of the debt obligations included above are obligations of Rithm Capital’s consolidated subsidiaries, which own the related collateral. In some cases, such collateral is not available to other creditors of Rithm Capital. As of December 31, 2023, Rithm Capital has margin exposure on $12.6 billion of secured financing agreements. To the extent that the value of the collateral underlying these secured financing agreements declines, Rithm Capital may be required to post margin, which could significantly impact its liquidity. The following table summarizes activities related to the carrying value of debt obligations: Servicer Advances and Excess MSRs (A) MSRs Commercial Notes Receivable Real Estate and Other Securities Residential Mortgage Loans and REO Consumer Loans SFR Properties Mortgage Loans Receivable Asset Management Total Balance at December 31, 2021 $ 2,949,526 $ 4,234,771 $ — $ 9,043,412 $ 10,940,823 $ 458,580 $ 357,922 $ 1,252,660 $ — $ 29,237,694 Secured Financing Agreements Borrowings — — — 54,385,892 73,782,327 — 206,595 2,080,495 — 130,455,309 Repayments — — — (55,998,234) (81,320,424) — (360,433) (2,112,492) — (139,791,583) Capitalized deferred financing costs, net of amortization — — — — 1,128 — — — — 1,128 Secured Notes and Bonds Payable Borrowings 2,804,677 2,027,637 — — — — 879,947 524,062 — 6,236,323 Repayments (2,849,496) (1,473,037) — — (33,204) (123,770) (216,631) — — (4,696,138) Discount on borrowings, net of amortization — — — — — — (42,030) — — (42,030) Unrealized (gain) loss on notes, fair value — — — — 665 (35,312) — (11,144) — (45,791) Capitalized deferred financing costs, net of amortization 2,593 2,172 — — — — (2,998) — — 1,767 Balance at December 31, 2022 $ 2,907,300 $ 4,791,543 $ — $ 7,431,070 $ 3,371,315 $ 299,498 $ 822,372 $ 1,733,581 $ — $ 21,356,679 Secured Financing Agreements Acquired borrowings, net of discount (Note 3) — — — — — — — — 177,551 177,551 Borrowings — — 323,452 50,253,463 37,971,788 — 20,534 2,572,154 — 91,141,391 Repayments — — — (48,921,875) (38,634,841) — (4,677) (2,455,805) (718) (90,017,916) FX remeasurement — — — — — — 7,114 7,114 Capitalized deferred financing costs, net of amortization — — (6,356) — 1,764 — — — — (4,592) Secured Notes and Bonds Payable Acquired borrowings, net of discount (Note 3) — — — — — — 99,232 99,232 Borrowings 2,757,587 4,156,358 — — 1,185,612 — — 405 8,099,962 Repayments (2,954,228) (4,148,588) — (116,730) (381,718) (35,690) — — (7,636,954) FX remeasurement — — — — — — — — (1,008) (1,008) Unrealized (gain) loss on notes, fair value — — — (3,258) 8,818 — 6,078 — 11,638 Capitalized deferred financing costs, net of amortization 3,274 1,415 — — (5,236) 7,169 — 750 7,372 Liabilities of Consolidated Funds (B) Acquired borrowings, net of discount — — — — — — — — 218,746 218,746 Unrealized (gain) loss on notes, fair value — — — — — — — — (589) (589) Balance at December 31, 2023 $ 2,713,933 $ 4,800,728 $ 317,096 $ 8,762,658 $ 2,590,038 $ 1,106,974 $ 809,708 $ 1,856,008 $ 501,483 $ 23,458,626 (A) Rithm Capital net settles daily borrowings and repayments of the secured notes and bonds payable on its servicer advances. (B) Included within accrued expenses and other liabilities in the Consolidated Balance Sheets (Note 14). Maturities Contractual maturities of debt obligations as of December 31, 2023 are as follows: Year Ending Nonrecourse (A) Recourse (B) Total 2024 3,726,128 12,050,512 15,776,640 2025 287,753 3,724,031 4,011,784 2026 — 1,595,894 1,595,894 2027 734,737 420,000 1,154,737 2028 and thereafter 1,573,752 — 1,573,752 $ 6,322,370 $ 17,790,437 $ 24,112,807 (A) Includes secured financing agreements, secured notes and bonds payable, and unsecured notes net of issuance costs of $0.9 billion, $5.2 billion, and $0.2 billion, respectively. (B) Includes secured financing agreements, secured notes and bonds payable, and unsecured notes net of issuance costs of $11.7 billion, $5.6 billion, and $0.5 billion, respectively. Borrowing Capacity The following table represents borrowing capacity as of December 31, 2023: Debt Obligations/ Collateral Borrowing Capacity Balance Outstanding Available Financing (A) Secured Financing Agreements Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable $ 6,433,613 $ 2,200,908 $ 4,232,705 Loan originations 5,246,552 1,420,382 3,826,170 CLOs 320,810 186,378 134,432 Secured Notes and Bonds Payable Excess MSRs 286,380 181,521 104,859 MSRs 5,997,814 4,807,776 1,190,038 Servicer advances 3,805,000 2,533,360 1,271,640 SFR 296,762 195,411 101,351 Consolidated funds 52,500 — 52,500 $ 22,439,431 $ 11,525,736 $ 10,913,695 (A) Although available financing is uncommitted, Rithm Capital’s unused borrowing capacity is available if it has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. Certain of the debt obligations are subject to customary loan covenants and event of default provisions, including event of default provisions triggered by certain specified declines in Rithm Capital’s equity or a failure to maintain a specified tangible net worth, liquidity or indebtedness to tangible net worth ratio. Rithm Capital was in compliance with all of its debt covenants as of December 31, 2023. 2025 Senior Unsecured Notes On September 16, 2020, the Company, as issuer, completed a private offering of $550.0 million aggregate principal amount of 6.250% senior unsecured notes due 2025 (the “2025 Senior Notes”). Interest on the 2025 Senior Notes accrues at the rate of 6.250% per annum with interest payable semi-annually in arrears on each April 15 and October 15, commencing on April 15, 2021. The 2025 Senior Notes mature on October 15, 2025. The notes became redeemable at any time and from time to time, on or after October 15, 2022. The Company may redeem the notes in 2024 or thereafter at a fixed redemption price of 100%. Net proceeds from the offering were approximately $544.5 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by the Company. The Company incurred fees of approximately $8.3 million in relation to the issuance of the 2025 Senior Notes. These fees were capitalized as debt issuance cost and are grouped and presented as part of unsecured senior notes, net of issuance costs on the Consolidated Balance Sheets. For the year ended December 31, 2023 , the Company recog nized interest expense of $34.4 million. As of December 31, 2023, the unamortized debt issuance costs was approximately $3.2 million. The 2025 Senior Notes are senior unsecured obligations and rank pari passu in right of payment with all of the Company’s existing and future senior unsecured indebtedness and senior unsecured guarantees. At the time of issuance, the 2025 Senior Notes were not guaranteed by any of the Company’s subsidiaries and none of its subsidiaries are required to guarantee the 2025 Senior Notes in the future, except under limited specified circumstances. The 2025 Senior Notes contain financial covenants and other non-financial covenants, including, among other things, limits on the ability of the Company and its restricted subsidiaries to incur certain indebtedness (subject to various exceptions), requires that the Company maintain total unencumbered assets (as defined in the Indenture, dated September 16, 2020, pursuant to which the 2025 Senior Notes were issued) of not less than 120% of the aggregate principal amount of the outstanding unsecured debt, and imposes certain requirements in order for the Company to merge or consolidate with or transfer all or substantially all of its assets to another person, in each case subject to certain qualifications set forth in the debt agreement. If the Company were to fail to comply with these covenants, after the expiration of the applicable cure periods, the debt maturity could be accelerated or other remedies could be sought by the lenders. As of December 31, 2023, the Company was in compliance with all covenants. In the event of a change of control, each holder of the 2025 Senior Notes will have the right to require the Company to repurchase all or any part of the outstanding balance at a purchase price of 101% of the principal amount of the 2025 Senior Notes repurchased, plus accrued and unpaid interest, if any, to, but not including, the date of such repurchase. Tax Receivable Agreement At the time of its initial public offering in 2007, Sculptor entered into a tax receivable agreement (“TRA”) with the former holders of units in Sculptor’s operating partnerships (the “TRA Holders”). The TRA provides for the payment by Sculptor to the TRA Holders of a portion of the cash savings in U.S. federal, state and local income tax that Sculptor realizes as a result of the increased depreciation and amortization deductions and reduced gain on sale from (i) the increases in the tax basis of the tangible and intangible assets of the Sculptor operating partnerships that results from taxable acquisitions by Sculptor (and certain affiliates and successors) of such units and (ii) certain other tax benefits attributable to payments under the TRA. The purchase of units in the initial public offering, and subsequent taxable exchanges of units (including in the Sculptor Acquisition), resulted in such an increase in the tax basis of the assets of the Sculptor operating partnerships and their consolidated subsidiaries. The TRA includes certain “change of control” assumptions that became applicable as a result of the Sculptor Acquisition, such as the assumption that the Sculptor (or its successor) has sufficient taxable income to use the relevant tax benefits, that limitations on the use of loss carryforwards do not apply and that non-amortizable assets are deemed disposed of at the earlier of an actual disposition or fifteen years after the change of control. As a result, the Company will calculate payments under the TRA without regard to the Company’s ability to use tax assets (including net operating losses, the use of which may be significantly limited under Section 382 of the Internal Revenue Code) following the Sculptor Acquisition. The payments under the TRA may therefore exceed the actual tax savings to the Company of the associated tax assets. The Company has also agreed, effective as of closing of Sculptor Acquisition, to guaranty each TRA Holder the payment of any amounts that become due and payable by Sculptor to such TRA Holder pursuant to the terms of the TRA. As of December 31, 2023, the estimated undiscounted future payment under the TRA was $267.9 million. The carrying value of the TRA liability measured at amortized cost was $172.2 million as of December 31, 2023 with interest expense recognized under the effective interest method. The TRA liability is recorded in unsecured notes, net of issuance costs on the Consolidated Balance Sheets. The table below presents the Company’s estimate as of December 31, 2023, of the maximum undiscounted amounts that would be payable under the TRA using the assumptions described above. In light of the numerous factors affecting Sculptor’s obligation to make such payments, the timing and amounts of any such actual payments may differ materially from those presented in the table. The impact of any net operating losses is included in the “Thereafter” amount in the table below. Year Ending Potential Payments Under Tax Receivable Agreement 2024 $ 11,591 2025 29,819 2026 17,374 2027 18,994 2028 and thereafter 190,143 $ 267,921

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS U.S. GAAP requires the categorization of fair value measurement into three broad levels which form a hierarchy based on the transparency of inputs to the valuation. Level 1 – Quoted prices in active markets for identical instruments. Level 2 – Valuations based principally on other observable market parameters, including: • Quoted prices in active markets for similar instruments, • Quoted prices in less active or inactive markets for identical or similar instruments, • Other observable inputs (such as interest rates, yield curves, volatilities, prepayment rates, loss severities, credit risks and default rates (“CDR”)), and • Market corroborated inputs (derived principally from or corroborated by observable market data). Level 3 – Valuations based significantly on unobservable inputs. Rithm Capital follows this hierarchy for its fair value measurements. The classifications are based on the lowest level of input that is significant to the fair value measurement. The carrying values and fair values of assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of December 31, 2023 were as follows: Principal Balance or Notional Amount Carrying Value Fair Value Level 1 Level 2 Level 3 NAV Total Assets: Excess MSRs (A) $ 60,049,904 $ 271,150 $ — $ — $ 271,150 $ — $ 271,150 MSRs and MSR financing receivables (A) 528,434,509 8,405,938 — — 8,405,938 — 8,405,938 Servicer advance investments 320,630 376,881 — — 376,881 — 376,881 Real estate and other securities (B) 27,635,692 9,782,217 24,566 8,533,130 1,224,534 — 9,782,230 Residential mortgage loans, held-for-sale 94,336 78,877 — — 78,877 — 78,877 Residential mortgage loans, held-for-sale, at fair value 2,460,924 2,461,865 — 2,327,528 134,337 — 2,461,865 Residential mortgage loans, held-for-investment, at fair value 448,060 379,044 — — 379,044 — 379,044 Residential mortgage loans subject to repurchase 1,782,998 1,782,998 — 1,782,998 — — 1,782,998 Consumer loans 1,308,774 1,274,005 — — 1,274,005 — 1,274,005 Derivative assets 11,188,206 28,080 — 1,598 26,482 — 28,080 Mortgage loans receivable (C) 2,232,913 2,232,913 — 353,595 1,879,318 — 2,232,913 Note receivable 534,463 398,227 — — 398,227 — 398,227 Loans receivable 31,323 31,323 — — 31,323 — 31,323 Cash, cash equivalents and restricted cash 1,672,819 1,672,819 1,672,819 — — — 1,672,819 Investments of consolidated funds (E) 323,973 321,856 — — — 321,856 321,856 Other assets N/A 61,902 — — 61,902 — 61,902 $ 29,560,095 $ 1,697,385 $ 12,998,849 $ 14,542,018 $ 321,856 $ 29,560,108 Liabilities: Secured financing agreements $ 12,570,327 $ 12,561,283 $ — $ 12,377,336 $ 184,112 $ — $ 12,561,448 Secured notes and bonds payable (D) 10,770,230 10,679,186 — 318,998 10,685,782 — 11,004,780 Unsecured senior notes, net of issuance costs 814,739 719,004 — — 708,328 — 708,328 Residential mortgage loan repurchase liability 1,782,998 1,782,998 — 1,782,998 — — 1,782,998 Derivative liabilities 7,361,942 115,531 63,766 49,087 2,678 — 115,531 Notes payable of consolidated funds (E) 222,250 218,157 — — 218,157 — 218,157 $ 26,076,159 $ 63,766 $ 14,528,419 $ 11,799,057 $ — $ 26,391,242 (A) The notional amount represents the total UPB of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. Rithm Capital does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. (B) Includes U.S. Treasury Bills classified as Level 1 and held at amortized cost basis of $24.6 million (see Note 8). (C) Includes Rithm Capital’s economic interests in the VIEs consolidated and accounted for under the CFE election. As of December 31, 2023, the fair value of Rithm Capital’s interests in the mortgage loans receivable securitization was $46.3 million. (D) Includes SCFT 2020-A (as defined below) and 2022-RTL1 Securitization (as defined below) mortgage-backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $554.8 million as of December 31, 2023. (E) Represents notes issued by a consolidated VIE accounted for under the CFE election. The carrying values and fair values of assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of December 31, 2022 were as follows: Principal Balance or Notional Amount Carrying Value Fair Value Level 1 Level 2 Level 3 Total Assets: Excess MSRs (A) $ 67,454,370 $ 321,803 $ — $ — $ 321,803 $ 321,803 MSRs and MSR financing receivables (A) 539,897,324 8,889,403 — — 8,889,403 8,889,403 Servicer advance investments 341,628 398,820 — — 398,820 398,820 Real estate and other securities 25,370,934 8,289,277 — 7,338,417 950,860 8,289,277 Residential mortgage loans, held-for-sale 117,847 101,027 — — 101,196 101,196 Residential mortgage loans, held-for-sale, at fair value 3,387,888 3,297,271 — 3,035,894 261,377 3,297,271 Residential mortgage loans, held-for-investment, at fair value 538,710 452,519 — — 452,519 452,519 Residential mortgage loans subject to repurchase 1,219,890 1,219,890 — 1,219,890 — 1,219,890 Consumer loans 330,428 363,756 — — 363,756 363,756 Derivative assets 33,174,574 52,229 — 36,214 16,015 52,229 Mortgage loans receivable (B) 2,064,028 2,064,028 — 349,975 1,714,053 2,064,028 Note receivable 63,114 — — — — — Loans receivable 94,631 94,401 — — 94,401 94,401 Cash and cash equivalents 1,336,508 1,336,508 1,336,508 — — 1,336,508 Restricted cash 281,126 281,126 281,126 — — 281,126 Other assets (C) N/A 23,370 — — 23,370 23,370 $ 27,185,428 $ 1,617,634 $ 11,980,390 $ 13,587,573 $ 27,185,597 Liabilities: Secured financing agreements $ 11,260,242 $ 11,257,737 $ — $ 11,257,737 $ — $ 11,257,737 Secured notes and bonds payable (D) 10,200,390 10,098,942 — — 9,911,778 9,911,778 Unsecured senior notes, net of issuance costs 545,056 545,056 — — 493,064 493,064 Residential mortgage loan repurchase liability 1,219,890 1,219,890 — 1,219,890 — 1,219,890 Derivative liabilities 1,062,894 18,064 — 10,835 7,229 18,064 $ 23,139,689 $ — $ 12,488,462 $ 10,412,071 $ 22,900,533 (A) The notional amount represents the total UPB of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. Rithm Capital does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. (B) Includes Rithm Capital’s economic interests in the VIEs consolidated and accounted for under the CFE election. As of December 31, 2022, the fair value of Rithm Capital’s interests in the mortgage loans receivable securitization was $45.8 million. (C) Excludes the indirect equity investment in a commercial redevelopment project accounted for at fair value on a recurring basis based on the net asset value (“NAV”) of Rithm Capital’s investment. The investment had a fair value of $23.8 million as of December 31, 2022. (D) Includes SCFT 2020-A and 2022-RTL1 Securitization mortgage-backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $632.4 million as of December 31, 2022. The following table summarizes assets measured at fair value on a recurring basis using Level 3 inputs: Level 3 Excess MSRs (A)(B) MSRs and MSR Financing Receivables (A) Servicer Advance Investments Non-Agency Securities Derivatives (C) Residential Mortgage Loans Consumer Loans Notes and Loans Receivable Mortgage Loans Receivable Total Balance at December 31, 2021 $ 344,947 $ 6,858,803 $ 421,807 $ 951,942 $ 111,778 $ 2,423,337 $ 507,291 $ 290,180 $ 1,515,762 $ 13,425,847 Transfers Transfers from Level 3 — — — — — (1,279,709) — (1,000) (445,403) (1,726,112) Transfers to Level 3 — — — — — 313,559 — — — 313,559 Gain (loss) included in net income Credit losses on securities (D) — — — (710) — — — — — (710) Servicing revenue, net (E) — 817,691 — — — — — — — 817,691 Change in fair value of: Excess MSRs (D) (2,962) — — — — — — — — (2,962) Excess MSRs, equity method investees (D) 1,526 — — — — — — — — 1,526 Real estate securities — — (9,950) — — — — — — (9,950) Servicer advance investments — — — (16,076) — — — — — (16,076) Consumer loans — — — — — — (36,740) — — (36,740) Residential mortgage loans — — — — — (124,359) — — — (124,359) Gain (loss) on settlement of investments, net 107 — — (1,560) — — — — (43,868) (45,321) Other income (loss), net (D) (65) — — — (102,992) (35,020) — (64,459) — (202,536) Gains (losses) included in OCI (F) — — — (45,709) — — — — — (45,709) Interest income 38,035 — 42,005 15,114 — — 13,891 12,936 — 121,981 Purchases, sales and repayments Purchases, net (G) — (967) 988,847 256,500 — 2,099,549 29,615 9,000 — 3,382,544 Proceeds from sales (997) (8,866) — (11,960) — (2,405,531) — — — (2,427,354) Proceeds from repayments (58,788) — (1,043,889) (196,681) — (272,224) (150,301) (152,256) (1,234,444) (3,108,583) Originations and other — 1,222,742 — — — (5,706) — — 1,922,006 3,139,042 Balance at December 31, 2022 $ 321,803 $ 8,889,403 $ 398,820 $ 950,860 $ 8,786 $ 713,896 $ 363,756 $ 94,401 $ 1,714,053 $ 13,455,778 Transfers Transfers from Level 3 — — — — — (41,430) — — (357,614) (399,044) Transfers to Level 3 — — — — — 22,565 — — — 22,565 Acquisitions (Note 3) — — — 216,229 — — — — — 216,229 Gain (loss) included in net income Credit losses on securities (D) — — — 2,951 — — — — — 2,951 Servicing revenue, net (E) — (565,684) — — — — — — — (565,684) Change in fair value of: Excess MSRs (D) (12,712) — — — — — — — — (12,712) Servicer advance investments — — 8,049 — — — — — — 8,049 Consumer loans — — — — — — (26,201) — — (26,201) Residential mortgage loans — — — — — 14,911 — — — 14,911 Gain (loss) on settlement of investments, net 615 — — — — — — — 615 Other income (loss), net (D) (348) — — 20,934 15,018 44,694 — 231 (367) 80,162 Gains (losses) included in OCI (F) — — — 13,118 — — — — — 13,118 Interest income 18,310 — 22,180 27,207 — — 37,717 5,636 — 111,050 Purchases, sales and repayments Purchases, net (G) — — 852,015 130,971 — 38,992 1,317,347 399,977 146,631 2,885,933 Proceeds from sales (4,212) (704,436) — — — (252,183) 27,510 — — (933,321) Proceeds from repayments (52,306) — (904,183) (137,736) — (91,249) (446,124) (70,695) (1,671,896) (3,374,189) Originations and other — 786,655 — — — 63,185 — — 2,048,511 2,898,351 Balance at December 31, 2023 $ 271,150 $ 8,405,938 $ 376,881 $ 1,224,534 $ 23,804 $ 513,381 $ 1,274,005 $ 429,550 $ 1,879,318 $ 14,398,561 (A) Includes the recapture agreement for each respective pool, as applicable. (B) Amounts include Rithm Capital’s portion of the Excess MSRs held by the respective joint ventures in which Rithm Capital has a 50% interest. (C) For the purpose of this table, the IRLC asset and liability positions are shown net. (D) Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 assets still held at the reporting dates and realized gain (loss) recorded during the period. (E) See Note 6 for further details on the components of servicing revenue, net. (F) Gain (loss) included in unrealized gain (loss) on available-for-sale securities, net in the Consolidated Statements of Comprehensive Income. (G) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection. Liabilities measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Asset-Backed Securities Issued Notes Payable of Consolidated Funds Total Balance at December 31, 2021 $ 511,107 $ — $ 511,107 Gains (losses) included in net income Other income (A) (34,647) — (34,647) Purchases, sales and payments Payments (156,974) — (156,974) Balance at December 31, 2022 $ 319,486 $ — $ 319,486 Gains (losses) included in net income Other income (A) 5,560 (589) 4,971 Purchases, sales and payments Sculptor Acquisition (Note 3) — 218,746 218,746 Payments (89,276) — (89,276) Balance at December 31, 2023 $ 235,770 $ 218,157 $ 453,927 (A) Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 liabilities still held at the reporting dates and realized gain (loss) recorded during the period. Excess MSRs, MSRs and MSR Financing Receivables Valuation Fair value estimates of Rithm Capital’s MSRs and Excess MSRs were based on internal pricing models. The valuation technique is based on discounted cash flows. Significant inputs used in the valuations included expectations of prepayment rates, delinquency rates, recapture rates for Excess MSRs, the mortgage servicing amount or excess mortgage servicing amount of the underlying residential mortgage loans, as applicable, and discount rates that market participants would use in determining the fair values of mortgage servicing rights on similar pools of residential mortgage loans. In addition, for MSRs, significant inputs included the market-level estimated cost of servicing. Significant increases (decreases) in the discount rates, prepayment or delinquency rates, or costs of servicing, in isolation would result in a significantly lower (higher) fair value measurement, whereas significant increases (decreases) in the recapture rates or mortgage servicing amount or excess mortgage servicing amount, as applicable, in isolation would result in a significantly higher (lower) fair value measurement. Generally, a change in the delinquency rate assumption is accompanied by a directionally similar change in the assumption used for the prepayment rate. The following table summarizes certain information regarding the ranges and weighted averages of inputs used: December 31, 2023 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held 2.4% – 12.2% (6.5%) 0.2% – 8.8% (4.3%) —% – 91.1% (55.2%) 1 – 55 (20) 11 – 27 (20) Excess MSRs Held through Investees 6.3% – 9.0% (7.8%) 2.2% – 5.6% (3.5%) 45.1% – 64.3% (59.0%) 16 – 25 (21) 14 – 21 (18) MSRs and MSR Financing Receivables (G) Agency 0.6% – 83.7% (7.3%) 0.0% – 100.0% (2.3%) — (H) 6 – 104 (27) 0 – 40 (23) Non-Agency 0.3% – 83.4% (12.2%) 0.9% – 83.3% (23.2%) — (H) 3 – 242 (46) 0 – 40 (21) Ginnie Mae 5.0% – 81.9% (10.5%) 0.3% – 80.0% (9.7%) — (H) 19 – 82 (43) 1 – 39 (27) Total / Weighted Average—MSRs and MSR Financing Receivables 0.3% – 83.7% (8.6%) 0.0% – 100.0% (6.1%) — (H) 3 – 242 (33) 0 – 40 (24) December 31, 2022 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held 2.8% – 13.5% (7.3%) 0.2% – 10.1% (3.6%) —% – 91.4% (55.4%) 6 – 31 (19) 11 – 29 (21) Excess MSRs Held through Investees 8.4% – 11% (9.4%) 2.9% – 5.4% (3.9%) 45.4% – 64% (58.7%) 15 – 26 (21) 15 – 22 (19) MSRs and MSR Financing Receivables (G) Agency 2.6% – 97.8% (8.0%) 0.1% – 66.7% (2.0%) — (H) 7 – 104 (30) 0 – 39 (23) Non-Agency 1.3% – 93.2% (15.0%) 1.0% – 75.0% (21.1%) — (H) 2 – 216 (46) 0 – 36 (24) Ginnie Mae 2.8% – 81.2% (10.3%) 0.2% – 80.0% (8.9%) — (H) 11 – 86 (41) 0 – 39 (27) Total / Weighted Average—MSRs and MSR Financing Receivables 1.3% – 97.8% (9.2%) 0.1% – 80.0% (5.3%) — (H) 2 – 216 (34) 0 – 39 (24) (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss a mortgage payment. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (“bps”). As of December 31, 2023 and 2022, weighted average costs of subservicing of $6.38 – $7.08 ($6.99) and $6.80 – $7.00 ($6.90), respectively, per loan per month was used to value the agency MSRs. Weighted average costs of subservicing of $7.50 – $9.57 ($9.16) and $7.30 – $17.20 ($8.70), respectively, per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. Weighted average cost of subservicing of $8.37 and $8.30 – $8.40 ($8.30), respectively, per loan per month was used to value the Ginnie Mae MSRs. (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. (H) Recapture is not considered a significant input for MSRs and MSR financing receivables. With respect to valuing the PHH-serviced MSRs and MSR financing receivables, which include a significant servicer advances receivable component, the cost of financing servicer advances receivable is assumed to be SOFR plus 4.1%. As of December 31, 2023 and 2022, weighted average discount rates of 8.8% (range of 8.5% – 9.0%) and 8.3% (range of 8.0% – 8.5%), respectively, were used to value Rithm Capital’s Excess MSRs (directly and through equity method investees). As of December 31, 2023 and 2022, weighted average discount rates of 8.5% (range of 7.9% – 10.8%) and 8.3% (range of 7.6% – 9.8%) were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively. All of the assumptions listed have some degree of market observability, based on Rithm Capital’s knowledge of the market, relationships with market participants and use of common market data sources. Rithm Capital uses assumptions that generate its best estimate of future cash flows for each investment in MSRs and Excess MSRs. When valuing MSRs and Excess MSRs, Rithm Capital uses the following criteria to determine the significant inputs: • Prepayment Rate : Prepayment rate projections are in the form of a “vector” that varies over the expected life of the pool. The prepayment vector specifies the percentage of the collateral balance that is expected to prepay voluntarily (i.e., pay off) and involuntarily (i.e., default) at each point in the future. The prepayment vector is based on assumptions that reflect macroeconomic conditions like home price appreciation, current level of interest rates as well as loan level factors such as the borrower’s interest rate, FICO score, LTV ratio, debt-to-income ratio and vintage on a loan level basis. Rithm Capital considers historical prepayment experience associated with the collateral when determining this vector and also reviews industry research on the prepayment experience of similar loan pools. This data is obtained from remittance reports, market data services and other market sources. • Delinquency Rates : For existing mortgage pools, delinquency rates are based on the recent pool-specific experience of loans that missed their latest mortgage payments. Delinquency rate projections are in the form of a “vector” that varies over the expected life of the pool. The delinquency vector specifies the percentage of the UPB that is expected to be delinquent each month. The delinquency vector is based on assumptions that reflect macroeconomic conditions, the historical delinquency rates for the pools and the underlying borrower characteristics such as the FICO score and LTV ratio. For the recapture agreements and recaptured loans, delinquency rates are based on the experience of similar loan pools originated by Rithm Capital’s servicers and subservicers (our “Servicing Partners”) and delinquency experience over the past year. Rithm Capital believes this time period provides a reasonable sample for projecting future delinquency rates while taking into account current market conditions. Additional consideration is given to loans that are expected to become 30 or more days delinquent. • Recapture Rates : Recapture rates are based on actual average recapture rates experienced by Rithm Capital’s Servicing Partners on similar residential mortgage loan pools. Generally, Rithm Capital looks to three • Mortgage Servicing Amount or Excess Mortgage Servicing Amount : For existing mortgage pools, mortgage servicing amount and excess mortgage servicing amount projections are based on the actual total mortgage servicing amount, in excess of a basic fee as applicable. For loans expected to be refinanced by the related servicer or subservicer and subject to a recapture agreement, Rithm Capital considers the mortgage servicing amount or excess mortgage servicing amount on loans recently originated by the related servicer over the past three months and other general market considerations. Rithm Capital believes this time period provides a reasonable sample for projecting future mortgage servicing amounts and excess mortgage servicing amounts while taking into account current market conditions. • Discount Rate : The discount rates used by Rithm Capital are derived from market data on pricing of MSRs backed by similar collateral. • Cost of subservicing : The costs of subservicing used by Rithm Capital are based on available market data for various loan types and delinquency statuses. Rithm Capital uses different prepayment and delinquency assumptions in valuing the MSRs and Excess MSRs, relating to the original loan pools, the recapture agreements and the MSRs and Excess MSRs relating to recaptured loans. The prepayment rate and delinquency rate assumptions differ because of differences in the collateral characteristics, refinance potential and expected borrower behavior for original loans and loans which have been refinanced. The assumptions for recapture and discount rates when valuing MSRs and Excess MSRs and recapture agreements are based on historical recapture experience and market pricing. The following table summarizes the estimated change in fair value of our interests in the Agency MSRs, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 5,333,013 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,757,003 $ 5,537,037 $ 5,143,139 $ 4,966,298 Change in estimated fair value: Amount $ 423,990 $ 204,024 $ (189,874) $ (366,715) Percentage 8.0 % 3.8 % (3.6) % (6.9) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,563,978 $ 5,443,232 $ 5,232,375 $ 5,138,726 Change in estimated fair value: Amount $ 230,965 $ 110,219 $ (100,638) $ (194,287) Percentage 4.3 % 2.1 % (1.9) % (3.6) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,421,739 $ 5,380,879 $ 5,278,297 $ 5,217,507 Change in estimated fair value: Amount $ 88,726 $ 47,866 $ (54,716) $ (115,506) Percentage 1.7 % 0.9 % (1.0) % (2.2) % The following table summarizes the estimated change in fair value of our interests in the Non-Agency MSRs, including MSR financing receivables, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 678,913 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 748,078 $ 711,922 $ 648,681 $ 620,917 Change in estimated fair value: Amount $ 69,165 $ 33,009 $ (30,232) $ (57,996) Percentage 10.2 % 4.9 % (4.5) % (8.5) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 717,516 $ 697,670 $ 661,047 $ 644,005 Change in estimated fair value: Amount $ 38,603 $ 18,757 $ (17,866) $ (34,908) Percentage 5.7 % 2.8 % (2.6) % (5.1) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 712,026 $ 696,250 $ 660,167 $ 640,286 Change in estimated fair value: Amount $ 33,113 $ 17,337 $ (18,746) $ (38,627) Percentage 4.9 % 2.6 % (2.8) % (5.7) % The following table summarizes the estimated change in fair value of our interests in the Ginnie Mae MSRs, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 2,394,012 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,584,318 $ 2,485,472 $ 2,309,232 $ 2,230,420 Change in estimated fair value: Amount $ 190,306 $ 91,460 $ (84,780) $ (163,592) Percentage 7.9 % 3.8 % (3.5) % (6.8) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,535,281 $ 2,460,736 $ 2,332,802 $ 2,277,856 Change in estimated fair value: Amount $ 141,269 $ 66,724 $ (61,210) $ (116,156) Percentage 5.9 % 2.8 % (2.6) % (4.9) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,568,437 $ 2,484,912 $ 2,297,211 $ 2,195,842 Change in estimated fair value: Amount $ 174,425 $ 90,900 $ (96,801) $ (198,170) Percentage 7.3 % 3.8 % (4.0) % (8.3) % Each of the preceding sensitivity analyses is hypothetical and is provided for illustrative purposes only. There are certain limitations inherent in the sensitivity analyses presented. In particular, the results are calculated by stressing a particular economic assumption independent of changes in any other assumption; in practice, changes in one factor may result in changes in another, which might counteract or amplify the sensitivities. Also, changes in the fair value based on a 10% variation in an assumption generally may not be extrapolated because the relationship of the change in the assumption to the change in fair value may not be linear. Servicer Advance Investments Valuation Rithm Capital uses internal pricing models to estimate the future cash flows related to the servicer advance investments that incorporate significant unobservable inputs and include assumptions that are inherently subjective and imprecise. Rithm Capital’s estimations of future cash flows include the combined cash flows of all of the components that comprise the servicer advance investments: existing advances, the requirement to purchase future advances, the recovery of advances and the right to the basic fee component of the related MSR. The factors that most significantly impact the fair value include (i) the rate at which the servicer advance balance changes over the term of the investment, (ii) the UPB of the underlying loans with respect to which Rithm Capital has the obligation to make advances and owns the basic fee component of the related MSR which, in turn, is driven by prepayment rates and (iii) the percentage of delinquent loans with respect to which Rithm Capital owns the basic fee component of the related MSR. The valuation technique is based on discounted cash flows. Significant inputs used in the valuations included the assumptions used to establish the aforementioned cash flows and discount rates that market participants would use in determining the fair values of servicer advance investments. Significant increases (decreases) in the advance balance-to-UPB ratio, prepayment rate, delinquency rate, or discount rate, in isolation, would result in a significantly lower (higher) fair value measurement. Generally, a change in the delinquency rate assumption is accompanied by a directionally similar change in the assumption used for the advance balance-to-UPB ratio. The following table summarizes certain information regarding the ranges and weighted averages of significant inputs used in valuing the servicer advance investments, including the basic fee component of the related MSRs: Significant Inputs Outstanding Prepayment Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Collateral Weighted Average Maturity (Years) (C) December 31, 2023 1.1% – 2.1% (2.1%) 2.8% – 4.5% (4.4%) 3.3% – 25.8% (25.3%) 18.2 – 19.9 (19.8) bps 6.2% – 6.7% (6.2%) 21.8 December 31, 2022 1.2% – 2.2% (2.1%) 3.4% – 4.6% (4.6%) 3.4% – 19.6% (19.1%) 18.0 – 19.8 (19.8) bps 5.7% – 6.2% (5.7%) 21.9 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 10.8 bps and 10.8 bps which represent the amounts Rithm Capital paid its servicers as a monthly servicing fee as of December 31, 2023 and 2022, respectively. (C) Weighted average maturity of the underlying residential mortgage loans in the pool. The valuation of the servicer advance investments also takes into account the performance fee paid to the servicer, which in the case of the Buyer is based on its equity returns and therefore is impacted by relevant financing assumptions such as LTV ratio and interest rate as well as advance-to-UPB ratio. All of the assumptions listed have some degree of market observability, based on Rithm Capital’s knowledge of the market, relationships with market participants, and use of common market data sources. The prepayment rate, the delinquency rate and the advance-to-UPB ratio projections are in the form of “curves” or “vectors” that vary over the expected life of the underlying mortgages and related servicer advances. Rithm Capital uses assumptions that generate its best estimate of future cash flows for each Servicer Advance Investment, including the basic fee component of the related MSR. When valuing servicer advance investments, Rithm Capital uses the following criteria to determine the significant inputs: • Servicer advance balance : Servicer advance balance projections are in the form of a “vector” that varies over the expected life of the residential mortgage loan pool. The servicer advance balance projection is based on assumptions that reflect factors such as the borrower’s expected delinquency status, the rate at which delinquent borrowers re-perform or become current again, servicer modification offer and acceptance rates, liquidation timelines and the servicers’ stop advance and clawback policies. • Prepayment Rate : Prepayment rate projections are in the form of a “vector” that varies over the expected life of the pool. The prepayment vector specifies the percentage of the collateral balance that is expected to prepay voluntarily (i.e. pay off) and involuntarily (i.e. default) at each point in the future. The prepayment vector is based on assumptions that reflect macroeconomic conditions and factors such as the borrower’s FICO score, LTV ratio, debt-to-income ratio and vintage on a loan level basis. Rithm Capital considers collateral-specific prepayment experience when determining this vector. • Delinquency Rates : For existing mortgage pools, delinquency rates are based on the recent pool-specific experience of loans that missed recent mortgage payment(s) as well as loan- and borrower-specific characteristics such as the borrower’s FICO score, the LTV ratio, debt-to-income ratio, occupancy status, loan documentation, payment history and previous loan modifications. Rithm Capital believes the time period utilized provides a reasonable sample for projecting future delinquency rates while taking into account current market conditions. • Mortgage Servicing Amount : Mortgage servicing amounts are contractually determined on a pool-by-pool basis. Rithm Capital projects the weighted average mortgage servicing amount based on its projections for prepayment rates. • SOFR : The performance-based incentive fees on Mr. Cooper-serviced servicer advance investments portfolios are driven by SOFR-based factors. The SOFR curves used are widely used by market participants as reference rates for many financial instruments. • Discount Rate : The discount rates used by Rithm Capital are derived from market data on pricing of MSRs backed by similar collateral and the advances made thereon. Real Estate and Other Securities Valuation Rithm Capital’s real estate and other securities valuation methodology and results are detailed below. Treasury securities are valued using market-based prices published by the U.S. Department of the Treasury and are classified as Level 1. Fair Value Asset Type Outstanding Face Amount Amortized Cost Basis Multiple Quotes (A) Single Quote (B) Total Level December 31, 2023 Agency $ 8,590,260 $ 8,417,025 $ 8,533,130 $ — $ 8,533,130 2 Non-Agency 19,020,432 1,194,391 990,646 233,888 1,224,534 3 Total $ 27,610,692 $ 9,611,416 $ 9,523,776 $ 233,888 $ 9,757,664 December 31, 2022 Agency $ 7,463,522 $ 7,290,473 $ 7,338,417 $ — $ 7,338,417 2 Non-Agency 17,907,412 947,346 950,846 14 950,860 3 Total $ 25,370,934 $ 8,237,819 $ 8,289,263 $ 14 $ 8,289,277 (A) Rithm Capital generally obtains pricing service quotations or broker quotations from two sources, one of which is generally the seller (the party that sold Rithm Capital the security) for Non-Agency securities. Rithm Capital evaluates quotes received, determines one as being most representative of fair value and does not use an average of the quotes. Even if Rithm Capital receives

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
VARIABLE INTEREST ENTITIES	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES In the normal course of business, Rithm Capital enters into transactions with SPEs, which primarily consist of trusts established for a limited purpose. The SPEs have been formed for the purpose of transactions in which the Company transfers assets into an SPE in return for various forms of debt obligations supported by those assets. In these transactions, the Company typically receives cash and/or other interests in the SPE as proceeds for the transferred assets. The Company retains the right to service the transferred receivables. The Company evaluates its interests in each SPE for classification as a VIE. VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE. To assess whether Rithm Capital has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, Rithm Capital considers all the facts and circumstances, including its role in establishing the VIE and its ongoing rights and responsibilities. This assessment includes identifying (i) the activities that most significantly impact the VIE’s economic performance and (ii) which party, if any, has power over those activities. To assess whether Rithm Capital has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, Rithm Capital considers all of its economic interests and applies judgment in determining whether these interests, in the aggregate, are considered potentially significant to the VIE. When an SPE meets the definition of a VIE and the Company determines that it is the primary beneficiary, the Company includes the SPE in its consolidated financial statements. For certain consolidated VIEs, Rithm Capital has elected to account for the assets and liabilities of these entities as CFEs. A CFE is a variable interest entity that holds financial assets and issues beneficial interests in those assets, and these beneficial interests have contractual recourse only to the related assets of the CFE. Accounting guidance under GAAP for CFEs allows companies to elect to measure both the financial assets and financial liabilities of a CFE using the more observable of the fair value of the financial assets or fair value of the financial liabilities. The net equity in an entity accounted for under the CFE election effectively represents the fair value of the beneficial interests Rithm Capital owns in the entity. Consolidated VIEs Advance Purchaser Rithm Capital, through a taxable wholly-owned subsidiary, is the managing member of Advance Purchaser and owned approximately 89.3% of Advance Purchaser as of December 31, 2023 and is deemed to be the primary beneficiary of Advance Purchaser as a result of its ability to direct activities that most significantly impact the economic performance of the entities and its ownership of a significant equity investment. See Note 7 for details. Newrez Joint Ventures A wholly-owned subsidiary of Newrez, Newrez Ventures LLC (formerly known as Shelter Mortgage Company LLC) (“Newrez Ventures”), is a mortgage originator specializing in retail originations. Newrez Ventures operates its business through a series of joint ventures (“Newrez Joint Ventures”) and is deemed to be the primary beneficiary of the joint ventures as a result of its ability to direct activities that most significantly impact the economic performance of the entities and its ownership of a significant equity investment. Residential Mortgage Loans We securitize, sell and service residential mortgage loans. Securitization transactions typically involve the use of VIEs and are accounted for either as sales or as secured financings. Certain of these activities may involve SPEs which, by their nature, are deemed to be VIEs. We sell pools of conforming mortgage loans through GSE and Ginnie Mae sponsored programs with servicing retained. The Company has several financing vehicles in the form of mortgage loan participation and sale agreements with financial institutions, or Purchasers, to sell pools of agency residential mortgage loans. Newrez Mortgage Participant LLC, NPF Trust EBO I and Newrez Trust II were formed to acquire, receive, participate, hold, release and dispose of participation interests in certain of Newrez’s residential mortgage loans held-for-sale (“MLHFS PC”). These facilities transfer the MLHFS PC in exchange for cash. Newrez is the primary beneficiary of the VIE and therefore consolidates the SPE. The transferred MLHFS PC is classified on the Consolidated Balance Sheets as residential mortgage loans, held-for-sale and the related warehouse credit facility liabilities as part of Secured Financing Agreements. Newrez retains the risks and benefits associated with the assets transferred to the SPEs. Mortgage-Backed Securitization In May 2021, Newrez issued $750.0 million in notes through a securitization facility (the “2021-1 Securitization Facility”) that bear interest at 30-day SOFR plus a margin. The 2021-1 Securitization Facility is secured by newly originated, first-lien, fixed- and adjustable-rate residential mortgage loans eligible for purchase by the GSEs and Ginnie Mae. Through a master repurchase agreement, Newrez sells its originated residential mortgage loans to the 2021-1 Securitization Facility, which then issues notes to third party qualified investors, with Newrez retaining the trust certificate. The loans serve as collateral with the proceeds from the note issuance ultimately financing the originations. The 2021-1 Securitization Facility will terminate on the earlier of (i) the three-year anniversary of the initial closing date, (ii) the Company exercising its right to optional prepayment in full or (iii) a repurchase triggering event. The Company determined it is the primary beneficiary of the 2021-1 Securitization Facility as it has both (i) the power to direct the activities of a VIE that most significantly impact its economic performance and (ii) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE. Consumer Loan Companies Rithm Capital has a co-investment in a portfolio of consumer loans held through the Consumer Loan Companies. As of December 31, 2023, Rithm Capital owns 53.5% of the limited liability company interests in and consolidates the Consumer Loan Companies. On September 25, 2020, certain entities comprising the Consumer Loan Companies, in a private transaction, issued $663.0 million of asset-backed notes (“SCFT 2020-A”) securitized by a portfolio of consumer loans. The Consumer Loan Companies consolidate certain entities that issued securitized debt collateralized by the consumer loans (the “Consumer Loan SPVs”). The Consumer Loan SPVs are VIEs of which the Consumer Loan Companies are the primary beneficiaries. Mortgage Loans Receivable In March 2022, Rithm Capital formed a securitization facility that issued securitized debt collateralized by mortgage loans receivable (the “2022-RTL1 Securitization”). In addition to pass-through certificates sold to third parties, Rithm Capital acquired all of the residual tranche certificate, which bears no interest, for $20.9 million. Rithm Capital evaluated the purchased residual tranche certificate as a variable interest in the trust and concluded that the residual tranche certificate will absorb a majority of the trust’s expected losses or receive a majority of the trust’s expected residual returns. Rithm Capital also concluded that the securitization’s asset manager, a wholly-owned subsidiary of Rithm Capital, has the ability to direct activities that could impact the trust’s economic performance. As a result, Rithm Capital consolidates the trust. As of December 31, 2023, the 2022-RTL1 Securitization consists of a pool of performing, adjustable-rate and fixed-rate, interest-only, mortgage loans (construction, renovation and bridge), secured by a first lien or a first and second lien on a non-owner occupied mortgaged property with original terms to maturity of up to 36 months, with an aggregate UPB of approximately $353.6 million and an aggregate principal limit of approximately $461.2 million. Consolidated Funds In the ordinary course of business, Sculptor sponsors the formation of consolidated funds that are considered VIEs. The Company consolidates certain VIEs for which it is the primary beneficiary either directly or indirectly through a consolidated entity. The assets of these consolidated funds may only be used to settle obligations of these entities and are not available to creditors of the Company. The investors in these consolidated funds have no recourse against the assets of the Company. There is no recourse to the Company for the consolidated funds’ liabilities. Sculptor consolidates a structured alternative investment solution, which issued notes in the aggregate principal amount of $350.0 million, of which approximately $127.8 million were retained by Sculptor and eliminated in consolidation. The retained notes consists of $20.0 million Class A notes, $20.0 million of Class C notes and $87.8 million of subordinated notes. As of December 31, 2023, the consolidated notes payable due to third party had fair value of $218.2 million. The structured alternative investment solution entered into a $52.5 million credit facility maturing March 18, 2025. The credit facility is capped at $20.0 million of total borrowing capacity per quarter, bearing interest of SOFR plus margin of 3.00%. The facility is also subject to an annual 1.15% unused commitment fee. As of December 31, 2023, the consolidated funds have not drawn on the facility. See Note 19 and 20 regarding the financing and fair value measurements of consolidated funds, respectively. The tables below present the carrying value and classification of the assets and liabilities of consolidated VIEs on the Consolidated Balance Sheets: December 31, 2023 Advance Purchaser Newrez Joint Ventures Residential Mortgage Loans Consumer Loan Companies Mortgage Loans Receivable Consolidated Funds Total Assets Servicer advance investments, at fair value $ 367,803 $ — $ — $ — $ — $ — $ 367,803 Residential mortgage loans, held-for-sale, at fair value — — 1,112,097 — — — 1,112,097 Consumer loans — — — 285,632 — — 285,632 Mortgage loans receivable — — — — 353,594 — 353,594 Cash and cash equivalents 5,381 18,159 — — — — 23,540 Restricted cash 8,273 — 6,113 6,301 7,572 — 28,259 Other assets 9 688 — 4,325 4,531 340,929 350,482 Total Assets $ 381,466 $ 18,847 $ 1,118,210 $ 296,258 $ 365,697 $ 340,929 $ 2,521,407 Liabilities Secured notes and bonds payable (A) 274,404 — 996,845 235,770 318,998 — 1,826,017 Accrued expenses and other liabilities 2,606 2,240 5,382 1,507 372 219,920 232,027 Total Liabilities $ 277,010 $ 2,240 $ 1,002,227 $ 237,277 $ 319,370 $ 219,920 $ 2,058,044 December 31, 2022 Assets Servicer advance investments, at fair value $ 387,675 $ — $ — $ — $ — $ — $ 387,675 Residential mortgage loans, held-for-investment, at fair value — — 22,699 — — — 22,699 Residential mortgage loans, held-for-sale, at fair value — — 844,000 — — — 844,000 Consumer loans — — — 363,756 — — 363,756 Mortgage loans receivable — — — — 349,975 — 349,975 Cash and cash equivalents 34,084 28,404 23,473 — — — 85,961 Restricted cash 7,433 — 7,547 6,652 9,368 — 31,000 Other assets 9 1,026 165,975 5,253 (238) — 172,025 Total Assets $ 429,201 $ 29,430 $ 1,063,694 $ 375,661 $ 359,105 $ — $ 2,257,091 Liabilities Secured financing agreements (A) — — 51,325 — — — 51,325 Secured notes and bonds payable (A) 313,093 — 768,959 299,498 312,918 — 1,694,468 Accrued expenses and other liabilities 1,928 4,306 25,381 1,144 349 — 33,108 Total Liabilities $ 315,021 $ 4,306 $ 845,665 $ 300,642 $ 313,267 $ — $ 1,778,901 (A) The creditors of the VIEs do not have recourse to the general credit of Rithm Capital, and the assets of the VIEs are not directly available to satisfy Rithm Capital’s obligations. Non-Consolidated VIEs The following table summarizes the carrying value of the Company’s unconsolidated real estate bonds retained pursuant to required risk retention regulations which reflects the Company’s maximum exposure to loss, as well as the UPB of transferred loans. These bonds are grouped and presented as part of real estate and other securities on the Consolidated Balance Sheets: As of and for the 2023 2022 Residential mortgage loan UPB and other collateral $ 10,901,751 $ 12,035,403 Weighted average delinquency (A) 4.20% 4.70% Net credit losses $ 163,125 $ 139,908 Face amount of debt held by third parties (B) $ 9,857,607 $ 11,050,277 Carrying value of bonds retained by Rithm Capital (C)(D) $ 963,953 $ 933,189 Cash flows received by Rithm Capital on these bonds $ 155,972 $ 214,941 (A) Represents the percentage of the UPB that is 60+ days delinquent. (B) Excludes bonds retained by Rithm Capital. (C) Includes bonds retained pursuant to required risk retention regulations. (D) Classified within Level 3 of the fair value hierarchy as the valuation is based on certain unobservable inputs including discount rate, prepayment rates and loss severity. See Note 20 for details on unobservable inputs. The following table summarizes the Company’s involvement with VIEs that are not consolidated related to the asset management business. The Company’s involvement is generally limited to providing asset management services and, in certain cases, investments in the VIEs. The maximum exposure to loss represents the potential loss of current investments or income and fees receivables from these entities, as well as the obligation to repay unearned revenues, primarily incentive income subject to clawback, in the event of any future fund losses, as well as unfunded commitments to certain funds that are VIEs. The Company does not provide, nor is it required to provide, any type of non-contractual financial or other support to its VIEs that are not consolidated beyond its share of capital commitments. As of and for the 2023 2022 Net assets of unconsolidated VIEs in which the Company has a variable interest $ 12,782,124 $ — Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs: Unearned income and fees 37,468 — Income and fees receivable 43,250 — Investments 533,026 — Unfunded commitments (A) 207,575 — Maximum Exposure to Loss $ 821,319 $ — (A) Includes commitments from certain employees and executive managing directors in the amounts of $97.5 million and $0.0 million as of December 31, 2023 and December 31, 2022, respectively. The following table summarizes the carrying value of the Company’s unconsolidated commercial real estate projects which reflects the Company’s maximum exposure to loss. See Note 23 regarding certain guarantees provided in connection with the investments. These investments are grouped and presented as part of Equity investments within other assets on the Consolidated Balance Sheets: December 31, 2023 2022 Carrying value of commercial real estate held within unconsolidated VIEs $ 66,652 $ — Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs $ 29,210 $ — Noncontrolling Interests Noncontrolling interests represent the ownership interests in certain consolidated subsidiaries held by entities or persons other than Rithm Capital. These interests are related to noncontrolling interests in consolidated entities that hold Rithm Capital’s servicer advance investments (Note 7), the Newrez Joint Ventures, (Note 9), consumer loans (Note 10) and Sculptor. Others’ interests in the equity of consolidated subsidiaries is computed as follows: December 31, 2023 December 31, 2022 Total Consolidated Equity Others' Ownership Interest Others' Interest in Equity of Consolidated Subsidiary Total Consolidated Equity Others' Ownership Interest Others' Interest in Equity of Consolidated Subsidiary Advance Purchaser (A) $ 104,458 10.7 % $ 11,157 $ 114,180 10.7 % $ 12,193 Newrez Joint Ventures $ 16,607 49.5 % $ 8,220 $ 25,124 49.5 % $ 12,437 Consumer Loan Companies $ 72,361 46.5 % $ 33,748 $ 91,263 46.5 % $ 42,437 Others’ interests in the net income (loss) is computed as follows: Year Ended December 31, 2023 2022 2021 Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Advance Purchaser (A) $ 7,978 10.7 % $ 852 $ 26,685 10.7 % $ 2,850 $ (13,937) 12.9 % $ (1,800) Newrez Joint Ventures $ 1,174 49.5 % $ 581 $ 5,487 49.5 % $ 2,716 $ 22,839 49.5 % $ 11,298 Consumer Loan Companies $ 14,235 46.5 % $ 6,619 $ 49,892 46.5 % $ 23,200 $ 51,307 46.5 % $ 23,858 (A) Rithm Capital owned 89.3% of Advance Purchaser as of the years ended December 31, 2023, 2022 and 2021. Noncontrolling interests related to Sculptor represents the ownership interests in certain funds held by entities or persons other than the Company. These interests substantially relate to interests held by employees in real estate funds managed by the Company adjusted for their capital activity and allocated earnings in such funds. The employees’ portion of carried interest is expensed and recorded within compensation and benefits on the Consolidated Statements of Operations, and therefore excluded in the calculation of noncontrolling interests. As of December 31, 2023, others’ interest in the net equity of consolidated subsidiaries related to Sculptor was $41.0 million.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	12 Months Ended
EQUITY AND EARNINGS PER SHARE	Dec. 31, 2023
Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends Rithm Capital’s certificate of incorporation authorizes 2.0 billion shares of common stock, par value $0.01 per share, and 100.0 million shares of preferred stock, par value $0.01 per share. On August 5, 2022, Rithm Capital entered into a Distribution Agreement to sell shares of its common stock, par value $0.01 per share (the “ATM Shares”), having an aggregate offering price of up to $500.0 million, from time to time, through an “at-the-market” equity offering program (the “ATM Program”). No share issuances were made for the year ended December 31, 2023 under the ATM Program. In December 2022, Rithm Capital’s board of directors authorized the repurchase of up to $200.0 million of its common stock and $100.0 million of its preferred stock through December 31, 2023. The objective of the stock repurchase program was to seek flexibility to return capital when deemed accretive to shareholders. Repurchases could be made from time to time through open market purchases or privately negotiated transactions, pursuant to one or more plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 or by means of one or more tender offers, in each case, as permitted by securities laws and other legal requirements. During the year ended December 31, 2023, we did not repurchase any shares of our common stock or our preferred stock. On February 5, 2024, our board of directors renewed the stock repurchase program (see Note 27). Purchases and sales of Rithm Capital’s securities by the Company’s officers and directors are subject to the Rithm Capital Corp. Insider Trading Compliance Policy. The table below summarizes preferred shares: Number of Shares Liquidation Preference (A) Dividends Declared per Share December 31, Year Ended December 31, Series 2023 2022 2023 2022 Issuance Discount Carrying Value (B) 2023 2022 2021 Series A, 7.50% issued July 2019 (C) $ 6,200 $ 6,200 $ 155,002 $ 155,002 3.15 % $ 149,822 $ 1.88 $ 1.88 $ 1.88 Series B, 7.125% issued August 2019 (C) 11,261 11,261 281,518 281,518 3.15 % 272,654 1.78 1.78 1.78 Series C, 6.375% issued February 2020 (C) 15,903 15,903 397,584 397,584 3.15 % 385,289 1.59 1.59 1.59 Series D, 7.00% issued September 2021 (D) 18,600 18,600 465,000 465,000 3.15 % 449,489 1.75 1.75 0.72 Total $ 51,964 $ 51,964 $ 1,299,104 $ 1,299,104 $ 1,257,254 $ 7.00 $ 7.00 $ 5.97 (A) Each series has a liquidation preference or par value of $25.00 per share. (B) Carrying value reflects par value less discount and issuance costs. (C) Fixed-to-floating rate cumulative redeemable preferred. (D) Fixed-rate reset cumulative redeemable preferred. On December 12, 2023, Rithm Capital’s board of directors declared fourth quarter 2023 preferred dividends of $0.47 per share of Series A, $0.45 per share of Series B, $0.40 per share of Series C and $0.44 per share of the 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock (the “Series D”), or approximately $2.9 million, $5.0 million, $6.3 million and $8.1 million, respectively. Common dividends have been declared as follows: Per Share Declaration Date Payment Date Quarterly Dividend Total Amounts Distributed (millions) September 22, 2022 October 2022 0.25 118.4 December 15, 2022 January 2023 0.25 118.6 March 17, 2023 April 2023 0.25 120.8 June 23, 2023 July 2023 0.25 120.8 September 14, 2023 October 2023 0.25 120.8 December 12, 2023 January 2024 0.25 120.8 Common Stock Purchase Warrants During the second quarter of 2020, the Company issued warrants (the “2020 Warrants”) in conjunction with the issuance of a term loan, which was fully repaid in the third quarter of 2020, that provided the holders the right to acquire, subject to anti-dilution adjustments, up to 43.4 million shares of the Company’s common stock in the aggregate. The 2020 Warrants were exercisable in cash or on a cashless basis, were set to expire on May 19, 2023 and were exercisable, in whole or in part, at any time or from time to time after September 19, 2020 at the following prices (subject to certain anti-dilution adjustments): approximately 24.6 million shares of common stock at $6.11 per share and approximately 18.9 million shares of common stock at $7.94 per share. As of December 31, 2023, no warrants remained outstanding. The table below summarizes the 2020 Warrants activity in 2023: Number of Warrants Adjusted Weighted Average Exercise Price Initial Adjusted (A) December 31, 2022 22.4 25.6 6.1 Granted — — — Exercised (B) (22.4) (25.6) 6.1 Expired — — — December 31, 2023 — — (A) Reflects the incremental number of additional common stock issuable upon exercise of warrants in accordance with the warrant agreement. (B) The warrants were exercised on a cashless basis, using the market price of the Company’s common stock on February 17, 2023, which was the last trading day preceding the date of exercise of the warrants, resulting in the issuance of approximately 9.3 million shares of the Company’s common stock on February 23, 2023. Option Plan The following table summarizes outstanding options for the periods presented: December 31, 2023 2022 Held by the Former Manager 21,471,990 21,471,990 Issued to the independent directors 2,000 5,000 Total 21,473,990 21,476,990 The following table summarizes outstanding options as of December 31, 2023. The last sales price on the New York Stock Exchange for Rithm Capital’s common stock for the year ended December 31, 2023 was $10.68 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of December 31, 2023 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of December 31, 2023 (millions) Directors Various 2,000 2,000 $ 10.70 $ — Former Manager 2017 1,130,916 1,130,916 12.84 — Former Manager 2018 5,320,000 5,320,000 15.57 — Former Manager 2019 6,351,000 6,351,000 14.95 — Former Manager 2020 1,619,739 1,619,739 16.30 — Former Manager 2021 7,050,335 6,861,363 9.36 9.05 Outstanding 21,473,990 21,285,018 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise prices are subject to adjustment in connection with return of capital dividends. The following table summarizes activity in outstanding options: Number of Options Weighted Average Exercise Price December 31, 2021 21,478,990 Granted — $ — Exercised — — Expired (2,000) 13.20 December 31, 2022 21,476,990 Granted — — Exercised — — Expired (3,000) 14.24 December 31, 2023 21,473,990 See table above Share-Based Compensation On May 25, 2023, Rithm Capital’s stockholders adopted the Rithm Capital Corp. 2023 Omnibus Incentive Plan (the “2023 Plan”), which became effective as of May 25, 2023. The 2023 Plan replaced Rithm Capital’s Nonqualified Stock Option and Incentive Award Plan, which became effective on May 15, 2013, was amended and restated as of November 4, 2014 and as of February 16, 2023 and expired by its terms on April 29, 2023 (the “2013 Plan”). Any stock-based awards issued under the 2013 Plan will continue to be subject to the terms and provisions of the 2013 Plan applicable to such awards. The Company may grant stock-based compensation to its officers and other employees and non-employee directors for the purpose of providing incentives and rewards for service or performance. Stock-based awards issued under the 2023 Plan include RSU and PSU awards and RSAs and may include other forms of equity-based compensation. RSU and PSU awards are an agreement to issue an equivalent number of shares of the Company’s common stock, plus any equivalent shares for dividends declared on the Company’s common stock, at the time the award vests. RSAs and RSU awards vest over a specified requisite service period. PSU awards vest over a specified service period subject to achieving long-term performance criteria. Shares underlying RSU and PSU awards are issued when the awards vest. Statutory tax withholding obligations may be covered via (i) election of a cash payment, (ii) net settlement of the applicable shares of stock underlying the RSUs or PSUs, (iii) a broker assisted sale process or (iv) any such other method approved by Rithm Capital. If applicable, the fair value of shares withheld for tax withholdings is recorded as a reduction to additional paid-in capital. The Company measures and recognizes compensation expense for all stock-based payment awards made to employees and non-employee directors based on their fair value. The fair value of granted awards is determined based on the closing price of the Company’s common stock on the date of grant of the awards. Stock-based compensation is recorded within Compensation and benefits in the Consolidated Statements of Operations and corresponding recording within Additional paid-in-capital in the Consolidated Balance Sheets and Consolidated Statements of Changes in Stockholders’ Equity. For RSUs and RSAs, compensation expense is recognized using the accelerated attribution model over the vesting period. For PSU awards, the Company estimates the probability that the performance criteria will be achieved and recognizes compensation expense only for those awards expected to vest using the accelerated attribution model. The Company reevaluates its estimate each reporting period and recognizes a cumulative effect adjustment to expense if estimates change from the prior period. The Company does not estimate forfeiture rates but rather adjusts for forfeitures in the periods in which they occur. For RSUs and PSUs, the Company provides dividend equivalents for any dividends that are paid out during the period in between grant date and the date the shares are delivered upon vesting. In February 2023 and December 2023, the Company granted RSU awards to employees with a grant date fair value of $11.6 million and $34.7 million, respectively, which vest ratably over a three-year period and two-year period, respectively. In February 2023, the Company also granted PSU awards to employees, which vest at the end of a three-year period provided that specified performance criteria are met. The fair value of the PSU awards granted during the year ended December 31, 2023 as of the grant date was $23.1 million, assuming the maximum levels of performance are achieved. The table below summarizes the Company’s awards granted, forfeited or vested under the 2013 Plan and the 2023 Plan during the year ended December 31, 2023: Number of Shares Weighted-Average Grant Date Price RSAs RSUs PSUs Total RSAs RSUs PSUs Unvested Shares at December 31, 2022 578,034 — — 578,034 $ 8.65 $ — $ — Granted — 4,442,741 2,430,658 6,873,399 — 10.41 9.52 Accrued RSU and PSU dividend equivalents (A) — 204,703 262,582 467,285 — 10.41 9.52 Vested (192,678) — — (192,678) 8.65 — — Forfeited — (23,003) (46,006) (69,009) — 9.52 9.52 Unvested Shares at December 31, 2023 (A) 385,356 4,624,441 2,647,234 7,657,031 (A) Number of PSUs assumes maximum levels of performance are achieved for outstanding unvested PSU awards. For the year ended December 31, 2023, total stock-based compensation expenses recorded was $12.9 million. For the year ended December 31, 2023 for the RSU and PSU awards, there were no performance adjustments for actual performance achieved relative to the maximum and no vested shares. The fair value of the RSU and PSU awards forfeited during the year ended December 31, 2023 was $0.6 million. For the year ended December 31, 2023 for the RSAs, the fair value of vested shares after consideration of net settlement of the vested shares for tax withholding purposes was $0.7 million, and there were no forfeited shares. At December 31, 2023, aggregate unrecognized compensation cost for all unvested RSA, RSU and PSU awards was $61.3 million (assuming maximum levels of performance are achieved), which is expected to be recognized over a weighted-average period of 2.4 years. Long-Term Incentive Plan In November 2023, the Company established a Long-Term Incentive Plan (“LTIP”) to provide incentive for the continued service of Sculptor employees. The number of profit units that are authorized for issuance under the LTIP is 1,000,000 (“Profit Units”). The Profit Units have an end date of December 31, 2028 (“End Date”) that vest subject to continued employment over a period of time set forth in the applicable award agreement and the achievement of a specified minimum performance internal rate of return (“IRR”) hurdle. The Profit Units’ service condition is satisfied in three Profit Units are liability classified equity-based awards due to a cash settlement feature. As such, the fair value of these awards is initially determined at the date of grant and is remeasured at each reporting period until settlement. Compensation expense is recognized on an accelerated basis (i.e. each tranche is recognized over its respective service period), over the requisite service period to the extent the performance condition is met or deemed probable. The requisite service period for these awards was estimated to be 5 years at the time of the grant. During the year ended December 31, 2023, the Company awarded Profit Units with a grant date fair value of $21.7 million. For the year ended 2023, the Company recorded equity-based compensation expense on Profit Units of $1.2 million presented within compensation and benefits in the Consolidated Statements of Operations. As of December 31, 2023, the share-based compensation liability related to the Profit Units was $1.2 million presented within accrued expenses and other liabilities in the Consolidated Balance Sheets. As of December 31, 2023, there was $20.5 million of estimated unrecognized compensation expense related to unvested Profit Units where it is probable that the performance condition will be met with a weighted-average amortization period of 2.88 years. Earnings Per Share Rithm Capital is required to present both basic and diluted earnings per share (“EPS”). Basic EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. The following table summarizes the basic and diluted earnings per share calculations: Year Ended December 31, 2023 2022 2021 Net income (loss) $ 630,674 $ 983,285 $ 805,582 Noncontrolling interests in income of consolidated subsidiaries 8,417 28,766 33,356 Dividends on preferred stock 89,579 89,726 66,744 Net income (loss) attributable to common stockholders $ 532,678 $ 864,793 $ 705,482 Basic weighted average shares of common stock outstanding 481,934,951 468,836,718 451,276,742 Dilutive effect of stock options, restricted stock, common stock purchase warrants, RSUs and PSUs (A)(B) 1,781,764 12,799,407 16,388,264 Diluted weighted average shares of common stock outstanding 483,716,715 481,636,125 467,665,006 Basic earnings (loss) per share attributable to common stockholders $ 1.11 $ 1.84 $ 1.56 Diluted earnings (loss) per share attributable to common stockholders $ 1.10 $ 1.80 $ 1.51 (A) Stock options, and common stock purchase warrants that could potentially dilute basic earnings per share in the future were not included in the computation of diluted earnings per share for the periods where they were out-of-the money or a loss has been recorded because they would have been anti-dilutive for the period presented. There were no anti-dilutive common stock purchase warrants for all periods presented. (B)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation — Rithm Capital is or may become, from time to time, involved in various disputes, litigation and regulatory inquiry and investigation matters that arise in the ordinary course of business. Given the inherent unpredictability of these types of proceedings, it is possible that future adverse outcomes could have a material adverse effect on its business, financial position or results of operations. Rithm Capital is not aware of any unasserted claims that it believes are material and probable of assertion where the risk of loss is expected to be reasonably possible. Rithm Capital is, from time to time, subject to inquiries by government entities. Rithm Capital currently does not believe any of these inquiries would result in a material adverse effect on Rithm Capital’s business. In 2023, in connection with the Sculptor Acquisition, litigation was filed against Sculptor alleging, among other things, that Sculptor’s board of directors (the “Sculptor Board”) and the special committee of the Sculptor Board, violated their fiduciary duties and sought, among other things, to enjoin the transaction with Rithm Capital. An agreement was reached in principle by the parties to settle all claims of the litigation. The parties executed and filed the Stipulation and Agreement of Settlement, Compromise and Release in connection with the settlement, pending a final hearing for the settlement. Indemnifications — In the normal course of business, Rithm Capital and its subsidiaries enter into contracts that contain a variety of representations and warranties and that provide general indemnifications. Rithm Capital’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against Rithm Capital that have not yet occurred. However, based on its experience, Rithm Capital expects the risk of material loss to be remote. Capital Commitments — As of December 31, 2023, Rithm Capital had outstanding capital commitments related to investments in the following investment types (also refer to Note 6 for MSR investment commitments and to Note 27 for additional capital commitments entered into subsequent to December 31, 2023, if any): • MSRs and Servicer Advance Investments — Rithm Capital and, in some cases, third-party co-investors agreed to purchase future servicer advances related to certain Non-Agency residential mortgage loans. In addition, Rithm Capital’s subsidiaries, NRM and the Mortgage Company, are generally obligated to fund future servicer advances related to the loans they are obligated to service. The actual amount of future advances purchased will be based on (i) the credit and prepayment performance of the underlying loans, (ii) the amount of advances recoverable prior to liquidation of the related collateral and (iii) the percentage of the loans with respect to which no additional advance obligations are made. The actual amount of future advances is subject to significant uncertainty. See Notes 6 and 7 for discussion on Rithm Capital’s MSRs and servicer advance investments, respectively. • Mortgage Origination Reserves — The Mortgage Company currently originates, or has in the past originated, conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. The GSEs or Ginnie Mae guarantee conventional and government insured mortgage securitizations and mortgage investors issue nonconforming private label mortgage securitizations while the Mortgage Company generally retains the right to service the underlying residential mortgage loans. In connection with the transfer of loans to the GSEs or mortgage investors, the Mortgage Company makes representations and warranties regarding certain attributes of the loans and, subsequent to the sale, if it is determined that a sold loan is in breach of these representations and warranties, the Mortgage Company generally has an obligation to cure the breach. If the Mortgage Company is unable to cure the breach, the purchaser may require the Mortgage Company to repurchase the loan. In addition, as issuers of Ginnie Mae guaranteed securitizations, the Mortgage Company holds the right to repurchase loans that are at least 90 days’ delinquent from the securitizations at their discretion. Loans in forbearance that are three or more consecutive payments delinquent are included as delinquent loans permitted to be repurchased. While the Mortgage Company is not obligated to repurchase the delinquent loans, the Mortgage Company generally exercises its respective option to repurchase loans that will result in an economic benefit. As of December 31, 2023, Rithm Capital’s estimated liability associated with representations and warranties and Ginnie Mae repurchases was $51.7 million and $1.8 billion, respectively. See Note 6 for information on regarding the right to repurchase delinquent loans from Ginnie Mae securities and mortgage origination. • Residential Mortgage Loans — As part of its investment in residential mortgage loans, Rithm Capital may be required to outlay capital. These capital outflows primarily consist of advance escrow and tax payments, residential maintenance and property disposition fees. The actual amount of these outflows is subject to significant uncertainty. See Note 9 for information regarding Rithm Capital’s residential mortgage loans. • Consumer Loans — The Consumer Loan Companies have invested in loans with an aggregate of $176.6 million of unfunded and available revolving credit privileges as of December 31, 2023. However, under the terms of these loans, requests for draws may be denied and unfunded availability may be terminated at Rithm Capital’s discretion. • SFR Properties — Crowne Property Acquisitions, LLC, a wholly-owned subsidiary of Rithm Capital, executed a purchase and sales agreement with Lennar Homes of Texas Land and Construction, LTD., a subsidiary of Lennar Corporation, to purchase 371 SFR properties, which shall be delivered in phased takedowns, at an estimated aggregate purchase price of $95.6 million, which is payable subject to the phased takedown schedule. The purchased homes are currently under construction, and all of the homes are expected to be delivered by the end of the third quarter of 2024. As of December 31, 2023, 152 SFR properties have been delivered to Rithm Capital pursuant to this arrangement. • Mortgage Loans Receivable — Genesis and Rithm Capital had commitments to fund up to $591.5 million and $3.6 million, respectively, of additional advances on existing mortgage loans as of December 31, 2023. These commitments are generally subject to loan agreements with covenants regarding the financial performance of the customer and other terms regarding advances that must be met before Genesis or Rithm Capital funds the commitments. • Equity Investments — As part of its investment commitment in certain commercial real estate projects, Rithm Capital is required to fund its pro rata share of future capital contributions subject to certain limitations. • Fund Commitments — The Company, through Sculptor, has unfunded capital commitments of $207.6 million to certain funds Sculptor manages, of which $70.2 million relates to commitments of Sculptor’s consolidated structured alternative investment solution. The remaining $137.4 million relates to commitments of Sculptor to unconsolidated funds. Approximately $97.5 million of Sculptor’s commitments will be funded by contributions to Sculptor from certain employees and executive managing directors. Sculptor expects to fund these commitments over approximately the next 5 years. Sculptor has guaranteed these commitments in the event any executive managing director fails to fund any portion when called by the fund. Sculptor has historically not funded any of these commitments and does not expect to in the future, as these commitments are expected to be funded by Sculptor’s executive managing directors individually. Non-Recourse Carve-Out, Construction Completion, Environmental and Carry Guarantees – In connection with investments in two commercial real estate projects, Rithm Capital provided certain limited guarantees to the senior lender on the projects related to non-recourse carve outs, completion, environmental, and carry costs of the projects. The actual amount that could be called under the guarantees is subject to significant uncertainty. Environmental Costs — As an investor in and owner of commercial and residential real estate, Rithm Capital is subject to potential environmental costs. At December 31, 2023, Rithm Capital is not aware of any environmental concerns that would have a material adverse effect on its consolidated financial position or results of operations. Debt Covenants — Certain of the Company’s debt obligations are subject to loan covenants and event of default provisions, including event of default provisions triggered by certain specified declines in Rithm Capital’s equity or a failure to maintain a specified tangible net worth, liquidity or indebtedness to tangible net worth ratio. Refer to Note 19.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company follows ASC 850, Related Party Disclosure , for the identification of related parties and disclosure of related party transactions. A party is considered to be related to us if the party, directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with us. Related parties also include principal owners, management and directors, as well as members of their immediate families or any other parties with which we may deal if one party to a transaction controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Loan Agreement In July 2023, Rithm Capital entered into an agreement that holds a limited partnership interest in a commercial real estate development project. Rithm Capital’s limited partnership interest is accounted for under the equity method and is recorded within other assets on the Consolidated Balance Sheets. Concurrently, Genesis entered into a loan agreement in the amount of $86.4 million with a term of 36 months unless otherwise extended with the entity. This loan is included in Mortgage Loans Receivable, at fair value on Rithm Capital’s Consolidated Balance Sheets. Due from Related Parties Amounts due from related parties relate primarily to amounts due from the funds for expenses paid on their behalf. These amounts are reimbursed to the Company on an ongoing basis. Management Fees and Incentive Income Earned from Related Parties and Waived Fees The Company, through Sculptor, earns substantially all of its management fees and incentive income from the funds, which are considered related parties as Sculptor manages the operations of and makes investment decisions for these funds. As of December 31, 2023, approximately $665.1 million of the Company’s AUM represented investments by Sculptor, its current executive managing directors, employees and certain other related parties in Sculptor’s funds. As of December 31, 2023, approximately 49% of these AUM were not charged management fees or incentive income. Investment in Structured Alternative Investment Solution In the first quarter of 2022, Sculptor closed on a $350.0 million structured alternative investment solution, a collateralized financing vehicle consolidated by Sculptor. Sculptor invested approximately $127.8 million in the vehicle. See Note 20 and Note 21 for additional details on the structured alternative investment solution.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax (benefit) expense consists of the following: Year Ended December 31, 2023 2022 2021 Current: Federal $ 5,030 $ 4,253 $ 5,556 State and local 416 4,096 1,470 Foreign 377 — — Total current income tax expense (benefit) $ 5,823 $ 8,349 $ 7,026 Deferred: Federal 76,380 227,825 130,696 State and local 39,430 43,342 20,504 Foreign 526 — — Total deferred income tax expense (benefit) 116,336 271,167 151,200 Total income tax expense (benefit) $ 122,159 $ 279,516 $ 158,226 Rithm Capital intends to qualify as a REIT for each of its tax years through December 31, 2023. A REIT is generally not subject to U.S. federal corporate income tax on that portion of its income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. Rithm Capital operates various business segments, including origination and servicing, asset management and our investment portfolio, through TRSs that are subject to regular corporate income taxes, which have been provided for in the provision for income taxes, as applicable. Refer to Note 4 for further details. The decrease in income tax expense for the year ended December 31, 2023 is primarily driven by current and deferred tax expense resulting from changes in the fair value of MSRs, and swaps held within taxable entities, offset by income generated by the origination and servicing and asset management business segments. The increase in income tax expense for the year ended December 31, 2022 is primarily driven by current and deferred tax expense resulting from changes in the fair value of MSRs and swaps held within taxable entities, as well as income generated by the servicing business segment. As part of the Sculptor Acquisition, Rithm Capital acquired a net deferred tax asset of $305.0 million, primarily composed of net operating losses and tax deductible goodwill. As of December 31, 2023, Sculptor recorded a net deferred tax asset of $279.0 million, which is reported within other assets in the Consolidated Balance Sheets. As of December 31, 2023, Rithm Capital recorded a net deferred tax liability of $801.9 million, primarily composed of deferred tax liabilities generated through the deferral of gains from residential mortgage loans sold by the origination business and changes in fair value of MSRs, loans and swaps held within taxable entities, which is reported within accrued expenses and other liabilities in the Consolidated Balance Sheets. The difference between Rithm Capital’s reported provision for income taxes and the U.S. federal statutory rate of 21.0% is as follows: December 31, 2023 2022 2021 Provision at the statutory rate 21.00 % 21.00 % 21.00 % Non-taxable REIT income (11.14) % (3.36) % (7.38) % State and local taxes 3.71 % 4.05 % 3.86 % Foreign taxes 0.21 % — % — % Change in state tax rate 1.14 % — % — % Return to provision — % — % (1.10) % Change in valuation allowance 0.82 % — % — % Other 0.74 % 0.44 % 0.05 % Total provision 16.48 % 22.13 % 16.43 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liability are presented below: December 31, 2023 2022 Deferred tax assets: Net operating losses and tax credit carryforwards (A) $ 169,907 $ 23,627 Basis differences related to assets and investments 90,395 32,447 Goodwill 202,023 26,289 Fixed Asset Depreciation 2,536 — Accrued expenses 47,086 44,572 Other 5,822 1,573 Total deferred tax assets 517,769 128,508 Less: valuation allowance (34,563) — Net deferred tax assets $ 483,206 $ 128,508 Deferred tax liabilities: Mortgage servicing rights $ (923,311) $ (791,691) Basis differences related to assets and investments (81,061) (26,832) Fixed asset depreciation — (19,302) Other (1,672) (2,538) Total deferred tax (liability) $ (1,006,044) $ (840,363) Net deferred tax assets (liability) $ (522,838) $ (711,855) (A) As of December 31, 2023, Rithm Capital’s TRSs had approximately $610.4 million of net operating loss carryforwards for federal and state income tax purposes which may be available to offset future taxable income, if and when it arises. Approximately, $420.9 million of federal and state net operating losses are subject to an annual Internal Revenue Code Section 382 limitation. The federal and state net operating loss carryforwards will begin to expire between 2027 and 2042. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the TRSs ability to generate sufficient taxable income prior to the expiration of the carryforward period. The following table presents changes in the Company’s deferred tax asset valuation allowance for the periods indicated: December 31, 2023 2022 2021 Sculptor Acquisition (Note 3) 32,340 — — Net change 2,223 — — Ending Balance 34,563 — — In assessing the realizability of deferred tax assets, Rithm Capital considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. As of December 31, 2023, the Company has recorded a valuation allowance of $34.6 million related to Sculptor’s foreign income tax credits with limited carryforward period available, as well as, Sculptor’s Federal and New York State and City net operating losses, which are limited pursuant to Internal Revenue Code Section 382 as a result of the Company’s acquisition of Sculptor. The net increase in the valuation allowance relates primarily to New York state rate changes. Rithm Capital and its TRSs file income tax returns with the U.S. federal government and various state and local jurisdictions. Generally, Rithm Capital is no longer subject to tax examinations by tax authorities for tax years ended prior to December 31, 2020. Rithm Capital recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the consolidated statements of operations. As of December 31, 2023, Rithm Capital has no material uncertainties to be recognized. Rithm Capital does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date. Common stock distributions were taxable as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.25 100.00 % — % — % 2022 (B) $ 0.41 41.47 % — % 58.53 % 2021 (C) $ 0.50 58.84 % — % 41.16 % (A) The entire $0.25 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2023. (B) The entire $0.25 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.25 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series A Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.88 100 % — % — % 2022 (B) $ 1.88 100 % — % — % 2021 (C) $ 1.88 100 % — % — % (A) The entire $0.47 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.47 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.47 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series B Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.78 100 % — % — % 2022 (B) $ 1.78 100 % — % — % 2021 (C) $ 1.78 100 % — % — % (A) The entire $0.45 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.45 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.45 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series C Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.59 100 % — % — % 2022 (B) $ 1.59 100 % — % — % 2021 (C) $ 1.59 100 % — % — % (A) The entire $0.40 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.40 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.40 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series D Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.75 100 % — % — % 2022 (B) $ 1.75 100 % — % — % 2021 (C) $ 0.28 100 % — % — % (A) The entire $0.44 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.44 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.28 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022.

ASSET MANAGEMENT REVENUES

ASSET MANAGEMENT REVENUES	12 Months Ended
ASSET MANAGEMENT REVENUES	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
ASSET MANAGEMENT REVENUES	ASSET MANAGEMENT REVENUES Rithm Capital acquired Sculptor on November 17, 2023 as part of its strategy to expand its asset management capabilities (Note 3). The following table presents the composition of asset management revenues: Year Ended December 31, 2023 (A) 2022 2021 Management fees $ 29,465 $ — $ — Incentive income 50,804 — — Other asset management revenue 2,412 — — Total asset management revenues $ 82,681 $ — $ — (A) Income recognized as revenues after acquisition of Sculptor for the period of November 17, 2023 to December 31, 2023. The following table presents the composition of the Company’s income and fees receivable through Sculptor: December 31, December 31, 2023 2022 Management fees receivable $ 23,757 $ — Incentive income receivable 35,377 — Total income and fees receivable $ 59,134 $ — The Company recognizes management fees over the period in which the performance obligation is satisfied, and such management fees are generally recognized at the end of each reporting period. The Company records incentive income when it is probable that a significant reversal of income will not occur. The majority of management fees and incentive income receivable at each balance sheet date is generally collected during the following quarter. The following table presents the Company’s unearned income and fees through Sculptor: December 31, December 31, 2023 2022 Unearned management fees $ 1 $ — Unearned incentive income 37,467 — Total unearned income and fees $ 37,468 $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These financial statements include a discussion of material events that have occurred subsequent to December 31, 2023 (referred to as “subsequent events”) through the issuance of these consolidated financial statements. Events subsequent to that date have not been considered in these financial statements. On February 5, 2024, our board of directors approved a stock repurchase program authorizing the repurchase of up to $200.0 million of our common stock and $100.0 million of our preferred stock for the period from January 1, 2024 through December 31, 2024.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Income Taxes	Rithm Capital has elected and intends to qualify to be taxed as a REIT for United States of America (“U.S.”) federal income tax purposes. As such, Rithm Capital will generally not be subject to U.S. federal corporate income tax on that portion of its net income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. See Note 2 and Note 25 for additional information regarding Rithm Capital’s taxable REIT subsidiaries (“TRSs”). Income Taxes — Rithm Capital operates so as to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended. Requirements for qualification as a REIT include various restrictions on ownership of Rithm Capital’s stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders (subject to certain adjustments). Distributions may extend until timely filing of Rithm Capital’s tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities of Rithm Capital are conducted through TRSs and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Rithm Capital recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations.
Basis of Accounting	Basis of Accounting
Consolidation, Variable Interest Entities	Rithm Capital consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity, as well as those entities deemed to be VIEs in which Rithm Capital is determined to be the primary beneficiary. For entities over which Rithm Capital exercises significant influence, but which do not meet the requirements for consolidation, Rithm Capital uses the equity method of accounting whereby it records its share of the underlying income of such entities. Distributions from equity method investees are classified in the Statements of Cash Flows based on the cumulative earnings approach, where all distributions up to cumulative earnings are classified as distributions of earnings.
Reclassifications	Reclassifications — Certain prior period amounts in Rithm Capital’s Consolidated Financial Statements and respective notes have been reclassified to be consistent with the current period presentation. Such reclassifications had no impact on net income, total assets, total liabilities or stockholders’ equity.
Risks and Uncertainties	Risks and Uncertainties — In the normal course of business, Rithm Capital encounters primarily two significant types of economic risk: credit risk and market risk. Credit risk is the risk of default on Rithm Capital’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of investments due to changes in prepayment rates, interest rates, spreads or other market factors, including risks that impact the value of the collateral underlying Rithm Capital’s investments. Taking into consideration these risks along with estimated prepayments, financings, collateral values, payment histories and other information, Rithm Capital believes that the carrying values of its investments are reasonable. Furthermore, for each of the periods presented, a significant portion of Rithm Capital’s assets are dependent on its servicers’ and subservicers’ ability to perform their obligations servicing the residential mortgage loans underlying Rithm Capital’s Excess MSRs, MSRs, MSR financing receivables, servicer advance investments, Non-Agency RMBS and loans. If a servicer is terminated, Rithm Capital’s right to receive its portion of the cash flows related to interests in servicing related assets may also be terminated. The mortgage and financial sectors operate in a challenging and uncertain economic environment. Financial and real estate companies continue to be affected by, among other things, market volatility, interest rates and inflationary pressures. There is no assurance that such conditions will not result in an overall decline in the fair value of many assets, including those in which the Company invests, and potential impairment of the carrying value of goodwill or other intangible assets. The ultimate duration and impact of the current economic environment remain uncertain.
Income Tax Uncertainties	Rithm Capital is subject to significant tax risks. If Rithm Capital were to fail to qualify as a REIT in any taxable year, Rithm Capital would be subject to U.S. federal corporate income tax (including any applicable alternative minimum tax), which could be material. Unless entitled to relief under certain statutory provisions, Rithm Capital would also be disqualified from treatment as a REIT for the four taxable years following the year during which qualification is lost.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Foreign Currency	Foreign Currency — The functional currency of substantially all of the Company’s consolidated subsidiaries is the U.S. dollar, as their operations are considered extensions of the U.S. parent’s operations. Monetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars at the closing rates of exchange on the balance sheet date. Nonmonetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars using the historical exchange rate. As a result, no transaction gains or losses are recognized for nonmonetary assets and liabilities. The profit or loss arising from foreign currency transactions are remeasured using the rate in effect on the date of any relevant transaction. Gains and losses on transactions denominated in foreign currencies due to changes in exchange rates are recorded within general and administrative on the Consolidated Statements of Operations. Unrealized gains and losses due to changes in exchange rates related to investments denominated in a currency other than an entity’s functional currency are reported as cumulative translation adjustment in the Consolidated Statements of Comprehensive Income. The Company has a subsidiary acquired as part of the Sculptor Acquisition whose functional currency is the Euro, and the financial statements of such entity are translated into U.S. dollars using the exchange rates prevailing at the end of each reporting period, and the statement of operations of the entity is translated using the rate in effect on the date of any relevant transaction. Gains and losses arising from the translation of monetary assets and liabilities are recorded as a currency translation adjustment in the Consolidated Statements of Comprehensive Income and are included in accumulated other comprehensive income (loss) in the Consolidated Balance Sheets.
Business Combinations and Assets Acquisitions	Business Combinations and Assets Acquisitions — When the assets acquired and liabilities assumed constitute a business, then the acquisition is a business combination. If substantially all of the fair value of the gross asset acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the asset is not considered a business. Business combinations are accounted for under ASC 805, Business Combinations , using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at fair value as of the acquisition date. In a business combination, the initial allocation of the purchase price is considered preliminary and therefore subject to change until the end of the measurement period (up to one year from the acquisition date). Goodwill is calculated as the excess of the consideration transferred over the net assets acquired that meet the criteria for separate recognition and represents the estimated future economic benefits arising from these and other assets acquired that could not be individually identified or do not qualify for recognition as a separate asset. Likewise, a bargain purchase gain is recognized in current earnings when the aggregate fair value of the consideration transferred and any noncontrolling interests in the acquiree is less than the fair value of the identifiable net assets acquired. Acquisition related costs are expensed as incurred. The results of operations of acquired businesses are included from the date of acquisition. Common control transactions include a transfer of net assets or an exchange of equity interests between entities under the control of the same parent. Common control transactions have characteristics that are similar to a business combination but do not meet the requirements to be accounted for as a business combination. The accounting and reporting for a transaction between entities under common control is addressed in the ASC 805-50, Transactions Between Entities Under Common Control , which requires that the receiving entity recognize the net assets received at their historical carrying amounts.
Investment Consolidation and Transfers of Financial Assets	Investment Consolidation and Transfers of Financial Assets — For each investment made, the Company evaluates the underlying entity that issued the securities acquired or to which the Company makes a loan to determine the appropriate accounting. A similar analysis is performed for each entity with which the Company enters into an agreement for management, servicing or related services. In performing the analysis, the Company refers to guidance in ASC 810-10, Consolidation . In situations where the Company is the transferor of financial assets, the Company refers to the guidance in ASC 860-10, Transfers and Servicing . In VIEs, an entity is subject to consolidation under ASC 810-10 if the equity investors either do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support, are unable to direct the entity’s activities or are not exposed to the entity’s losses or entitled to its residual returns. VIEs within the scope of ASC 810-10 are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has both the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. This determination can sometimes involve complex and subjective analyses. Further, ASC 810-10 also requires ongoing assessments of whether an enterprise is the primary beneficiary of a VIE. In accordance with ASC 810-10, all transferees, including variable interest entities, must be evaluated for consolidation. If the Company determines that consolidation is not required, it will then assess whether the transfer of the underlying assets would qualify as a sale, should be accounted for as secured financings under GAAP, or should be accounted for as an equity method investment, depending on the circumstances. In circumstances where an entity does not have the characteristics of a VIE, it would be considered a voting interest entity (“VOE”). The Company would consolidate a VOE where the Company has a majority equity interest and has control over significant operating, financial and investing decisions of the entity. A Special Purpose Entity (“SPE”) is an entity designed to fulfill a specific limited need of the company that organized it. SPEs are often used to facilitate transactions that involve securitizing financial assets or resecuritizing previously securitized financial assets. The objective of such transactions may include obtaining non-recourse financing, obtaining liquidity or refinancing the underlying securitized financial assets on improved terms. Securitization involves transferring assets to an SPE to convert all or a portion of those assets into cash before they would have been realized in the normal course of business through the SPE’s issuance of debt or equity instruments. Investors in an SPE usually have recourse only to the assets in the SPE and, depending on the overall structure of the transaction, may benefit from various forms of credit enhancement, such as over-collateralization in the form of excess assets in the SPE, priority with respect to receipt of cash flows relative to holders of other debt or equity instruments issued by the SPE or a line of credit or other form of liquidity agreement that is designed with the objective of ensuring that investors receive principal and/or interest cash flow on the investment in accordance with the terms of their investment agreement. The Company may periodically enter into transactions in which it transfers assets to a third party. Upon a transfer of financial assets, the Company will sometimes retain or acquire subordinated interests in the related assets. Pursuant to ASC 860-10, a determination must be made as to whether a transferor has surrendered control over transferred financial assets. That determination must consider the transferor’s continuing involvement in the transferred financial asset, including all arrangements or agreements made contemporaneously with, or in contemplation of, the transfer, even if they were not entered into at the time of the transfer. The financial components approach under ASC 860-10 limits the circumstances in which a financial asset, or portion of a financial asset, should be derecognized when the transferor has not transferred the entire original financial asset to an entity that is not consolidated with the transferor in the financial statements being presented and/or when the transferor has continuing involvement with the transferred financial asset. It defines the term “participating interest” to establish specific conditions for reporting a transfer of a portion of a financial asset as a sale. Under ASC 860-10, after a transfer of financial assets that meets the criteria for treatment as a sale-legal isolation, ability of transferee to pledge or exchange the transferred assets without constraint and transferred control - an entity recognizes the financial and servicing assets it acquired or retained and the liabilities it has incurred, derecognizes financial assets it has sold and derecognizes liabilities when extinguished. The transferor would then determine the gain or loss on sale of financial assets by allocating the carrying value of the underlying mortgage between securities or loans sold and the interests retained based on their fair values. The gain or loss on sale is the difference between the cash proceeds from the sale and the amount allocated to the securities or loans sold. When a transfer of financial assets does not qualify for sale accounting, ASC 860-10 requires the transfer to be accounted for as a secured borrowing with a pledge of collateral. From time to time, the Company may securitize mortgage loans it holds if such financing is available. Depending upon the structure of the securitization transaction, these transactions will be recorded in accordance with ASC 860-10 and will be accounted for as either a sale and the loans will be removed from the Consolidated Balance Sheets, or as a financing and the loans will remain on the Consolidated Balance Sheets. ASC 860-10 is a standard that may require the Company to exercise significant judgment in determining whether a transaction should be recorded as a sale or a financing. For certain consolidated VIEs, Rithm Capital has elected to account for the assets and liabilities of these entities as collateralized financing entities (“CFE”). A CFE is a VIE that holds financial assets and issues beneficial interests in those assets, and these beneficial interests have contractual recourse only to the related assets of the CFE. Accounting guidance under GAAP for CFEs allows companies to elect to measure both the financial assets and financial liabilities of a CFE using the more observable of the fair value of the financial assets or fair value of the financial liabilities. The net equity in an entity accounted for under the CFE election effectively represents the fair value of the beneficial interests Rithm Capital owns in the entity.
Excess MSRs	Excess MSRs
MSRs	MSRs and MSR Financing Receivables — MSRs represent the contractual right to service residential mortgage loans. The Company recognizes MSRs created through the sale of loans it originates. Under the accounting guidance for transfers and servicing, the Company initially measures a mortgage servicing asset that qualifies for separate recognition at fair value on the date of transfer. Rithm Capital elected to record its investments at fair value in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on MSRs. Under this election, Rithm Capital records a valuation adjustment on its MSRs on a quarterly basis to recognize the changes in fair value in net income. MSRs are aggregated into pools as applicable; each pool of MSRs is accounted for in the aggregate. Income from MSRs is recorded in Servicing Revenue, Net and comprises (i) income from the MSRs, plus or minus (ii) the mark-to-market on the MSRs including change in fair value due to realization of cash flows. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the MSRs.
MSR Financing Receivables	In certain cases, Rithm Capital has legally purchased MSRs or the right to the economic interest in MSRs; however, Rithm Capital has determined that the purchase agreement would not be treated as a sale under GAAP. Therefore, rather than recording an investment in MSRs, Rithm Capital records an investment in MSR financing receivables. Income from this investment (net of subservicing fees) is recorded as interest income and is grouped and presented as part of servicing revenue, net in the Consolidated Statements of Operations. Additionally, Rithm Capital has elected to measure MSR financing receivables at fair value, with changes in fair value flowing through servicing revenue, net in the Consolidated Statements of Operations.
Servicer Advance Investments	Servicer Advance Investments — Rithm Capital accounts for its servicer advance investments similarly to its Excess MSRs. Interest income for servicer advance investments is accreted into earnings on an effective yield or “interest” method, based upon the expected aggregate cash flows of the servicer advance investments, including the basic fee component of the related MSR (but excluding any Excess MSR component) through the expected life of the underlying mortgages, net of a portion of the basic fee component of the MSR that Rithm Capital remits to the servicer as compensation for the servicer’s servicing activities. Changes to expected cash flows result in a cumulative retrospective adjustment, which is recorded in the period in which the change in expected cash flows occurs. Under the retrospective method, the interest income recognized for a reporting period is measured as the difference between the amortized cost basis at the end of the period and the amortized cost basis at the beginning of the period, plus any cash received during the period. The amortized cost basis is calculated as the present value of estimated future cash flows using an effective yield, which is the yield that equates past actual and current estimated future cash flows to the initial investment. For periods in which cash flows are impacted by an independent factor where there is a change in effective interest rate during the period, the new yield is calculated retrospectively back to the change in effective interest rate during that period. The difference between the fair value of servicer advance investments and their amortized cost basis is recorded as change in realized and unrealized gains (losses), net on the Consolidated Statements of Operations. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the servicer advance investments, and therefore may differ from their effective yields. Servicer advance investments is grouped and presented as part of other assets on the Consolidated Balance Sheets.
Real Estate and Other Securities	Real Estate and Other Securities — Agency RMBS and Non-Agency residential and other securities are classified as either available-for-sale or accounted for under the fair value option. The Company determines the appropriate classification of its securities at the time they are acquired and evaluates the appropriateness of such classifications at each balance sheet date. If classified as available-for-sale, investments are carried at fair value, with net unrealized gains or losses reported as a component of accumulated other comprehensive income. If classified under the fair value option, changes in fair value are recorded in the Consolidated Statements of Operations as a component of realized and unrealized gains (losses), net. Fair value is determined under the guidance of ASC 820, Fair Value Measurements and Disclosures . Management’s judgment is used to arrive at the fair value of the Company’s real estate and other securities, taking into account prices obtained from third-party pricing providers and other applicable market data. The third-party pricing providers use pricing models that generally incorporate such factors as coupons, primary and secondary mortgage rates, rate reset periods, issuer, prepayment speeds, credit enhancements and expected life of the security. The Company’s application of ASC 820 guidance is discussed in further detail in Note 20. Investment securities transactions are recorded on the trade date. At disposition, the net realized gain or loss is determined on the basis of the cost of the specific investment and is included in net income. There are several different accounting models that may be applicable for purposes of the recognition of interest income on securities depending on whether the security is designated as available-for-sale or fair value option. The following accounting models apply to securities classified as available-for-sale: (i) Securities of high credit quality rated ‘AA’ or higher that, at the time of purchase, the Company expects to collect all contractual cash flows and the security cannot be contractually prepaid in such a way that the Company would not recover substantially all of its recorded investment. (ii) Non-Agency securities which are not of high credit quality at the time of purchase or that can be contractually prepaid or otherwise settled in such a way that the Company would not recover substantially all of its recorded investment. For securities of high credit quality accounted for under (i) above, the Company recognizes interest income by applying the permitted “interest method,” whereby purchase premiums and discounts are amortized and accreted, respectively, as an adjustment to contractual interest income accrued at each security’s stated coupon rate. The interest method is applied at the individual security level based upon each security’s effective interest rate. The Company calculates each security’s effective interest rate at the time of purchase by solving for the discount rate that equates the present value of that security's remaining contractual cash flows (assuming no principal prepayments) to its purchase price. Because each security’s effective interest rate does not reflect an estimate of future prepayments, the Company refers to this manner of applying the interest method as the “contractual effective interest method.” When applying the contractual effective interest method to its investments in securities, as principal prepayments occur, a proportional amount of the unamortized premium or discount is recognized in interest income such that the contractual effective interest rate on the remaining security balance is unaffected. For Non-Agency securities accounted for under (ii) above, the Company recognizes interest income by applying the required prospective level-yield methodology. Interest income under this methodology is impacted by management judgments around both the amount and timing of credit losses (defaults) and prepayments. Consequently, interest income on these Non-Agency securities is recognized based on the timing and amount of cash flows expected to be collected, as opposed to being based on contractual cash flows. These securities are generally purchased at a discount to the principal amount. At the original acquisition date, the Company estimates the timing and amount of cash flows expected to be collected and calculates the present value of those amounts to the Company’s purchase price. In each subsequent balance sheet date, the Company revises its estimates of the remaining timing and amount of cash flows expected to be collected. If there is a positive change in the amount and timing of future cash flows expected to be collected from the previous estimate, the effective interest rate in future accounting periods may increase resulting in an increase in the reported amount of interest income in future periods. A positive change in the amount and timing of future cash flows expected to be collected is considered to have occurred when the net present value of future cash flows expected to be collected has increased from the previous estimate. This can occur from a change in either the timing of when cash flows are expected to be collected (i.e., from changes in prepayment speeds or the timing of estimated defaults) or in the amount of cash flows expected to be collected (i.e., from reductions in estimates of future defaults). If there is a negative or adverse change in the amount and timing of future cash flows expected to be collected from the previous estimate and the security's fair value is below its amortized cost, an impairment loss equal to the adverse change in cash flows expected to be collected, discounted using the security's effective rate before impairment, is required to be recorded in current period earnings. Additionally, while the effective interest rate used to accrete interest income after an impairment has been recognized will generally be the same, the amount of interest income recorded in future periods will decline because of the reduced balance of the amortized cost basis of the investment to which such effective interest rate is applied. The following accounting models apply to securities accounted for under the fair value option: (iii) securities of high credit quality rated ‘AA’ or higher that, at the time of purchase, the Company expects to collect all contractual cash flows and the security cannot be contractually prepaid in such a way that the Company would not recover substantially all of its recorded investment. (iv) Non-Agency securities which are not of high credit quality at the time of purchase or that can be contractually prepaid or otherwise settled in such a way that the Company would not recover substantially all of its recorded investment. Interest income on securities accounted for in (iii) above is recognized based on the stated coupon rate and the outstanding principal amount. The original purchase premium or discount is not amortized or accreted as part of interest income but rather reflected as part of the security’s fair value. Interest income on Non-Agency securities accounted for in (iv) above is recognized in accordance with the model described in (ii) above.
Residential Mortgage Loans and Consumers Loans	Residential Mortgage Loans and Consumer Loans — The Company's loan portfolio primarily consists of residential mortgage loans and consumer loans. The Company’s loans are classified as (i) held-for-investment at fair value, (ii) held-for-sale at fair value or (iii) held-for-sale at lower of cost or fair value. Loans are also eligible to be accounted for under the fair value option which are recorded on the Consolidated Balance Sheets at fair value and the periodic changes in fair value are recorded as a component of gain on originated residential mortgage loans, held-for-sale, net and realized and unrealized gains (losses), net in the Consolidated Statements of Operations. When the Company has the intent and ability to hold loans for the foreseeable future or to maturity/payoff, such loans are classified as held-for-investment. When the Company has the intent to sell loans, such loans are classified as held-for-sale. For originated residential mortgage loans measured at fair value, Rithm Capital reports the change in the fair value within gain on originated residential mortgage loans, held-for-sale, net in the Consolidated Statements of Operations. Fair value is generally determined using a market approach by utilizing either (i) the fair value of securities backed by similar residential mortgage loans, adjusted for certain factors to approximate the fair value of a whole residential mortgage loan, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. For acquired residential mortgage loans measured at fair value, Rithm Capital reports the change in fair value within realized and unrealized gains (losses), net in the Consolidated Statements of Operations. Fair value is generally determined by discounting the expected future cash flows using inputs such as default rates, prepayment speeds and discount rates. For loans measured at the lower of cost or fair value, the Company accounts for any excess of cost over fair value as a valuation allowance and includes changes in the valuation allowance in other income (loss) in the Consolidated Statements of Operations in the period in which the change occurs. Purchase price discounts or premiums are deferred in a contra loan account until the related loan is sold. The deferred discounts or premiums are an adjustment to the basis of the loan and are included in the quarterly determination of the lower of cost or fair value adjustments and/or the gain or loss recognized at the time of sale. Interest income on mortgage loans is accrued based on the unpaid principal balance (“UPB”) and the contractual interest rate. Interest earned on mortgage loans are reported in interest income in the Consolidated Statements of Operations. If it’s probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the original contractual terms of the loan agreement, or if the loan becomes 90 days delinquent, the Company will reverse all prior accrued and unpaid interest on such mortgage loan. The Company will return loans to accrual status only when we reinstate the loan and there is no significant uncertainty as to collectability. Rithm Capital elected to apply the fair value option for all consumer loans. The fair value option provides an election which allows a company to irrevocably elect fair value for certain financial assets and liabilities on an instrument-by-instrument basis. The Company elected the fair value option for these loans to better align reported results with the underlying economic changes in value of the loans on the Company’s Consolidated Balance Sheets. Gains (losses) from the change in fair value of consumer loans are recognized in realized and unrealized gains (losses), net in the Consolidated Statements of Operations. Interest income is recognized over the life of the loan using the effective interest method and is recorded on the accrual basis. The Company’s residential mortgage loans and consumer loans are carried at fair value or the lower of cost or fair value. As a result, these loans are not subject to an allowance for credit losses under the current expected credit loss (“CECL”) impairment model.
Single-Family Rental (“SFR”) Properties, Net	Single-Family Rental (SFR) Properties, Net — Purchases of SFR properties are accounted for as asset acquisitions and recorded at their purchase price, which is allocated between land, building and improvements and in-place lease intangibles (when a resident is in place at the acquisition date) based upon their relative fair values at the date of acquisition. The purchase price for purposes of this allocation is inclusive of acquisition costs which typically include legal fees, title fees, payments made to cure tax, utility and homeowners’ association (“HOA”) fees, as well as other closing costs. SFR properties are classified as held-for-investment and are carried at cost less accumulated depreciation expense and impairment. From time to time, the Company may identify SFR properties to be sold. If the Company identifies a property to be sold, depreciation on the property is ceased, the property is measured at the lower of its carrying amount or its fair value less estimated costs to sell and is presented separately from SFR properties classified as held-for-investment. Costs to acquire, renovate and prepare SFR properties to be leased are capitalized as a component of each residential real estate property using specific identification and relative allocation methodologies, including renovation costs and other costs associated with activities that are directly related to preparing the properties for use as rental real estate. Other costs include interest costs, property taxes, property insurance, utilities and HOA fees. The capitalization period associated with renovation activities begins at the time that such activities commence and conclude at the time that an SFR property is available to be leased. Once a property is ready for its intended use, expenditures for ordinary maintenance and repairs thereafter are expensed to operations as incurred, while expenditures that improve or extend the life of a property, such as certain furniture and fixtures additions, are capitalized. The determination of which costs to capitalize requires judgment and can involve many factors with no one factor necessarily determinative. Expenditures for repairs and maintenance recognized immediately are included in general and administrative expenses in the Company’s Consolidated Statements of Operations. Except for land, costs capitalized in connection with SFR property acquisitions are depreciated over their estimated useful lives on a straight-line basis generally over 40 years. The depreciation period commences once renovations are complete and the property is ready for its intended use. For those costs capitalized in connection with renovation activities and those capitalized on an ongoing basis, the average useful life is approximately 15 years. SFR properties are continuously monitored to assess whether there have been any events or changes in circumstances indicating that the carrying amount may be impaired and not recoverable. Significant indicators of impairment may include, but are not limited to, declines in home values, rental rates and occupancy percentages, as well as significant changes in the economy. To the extent an event or change in circumstance is identified, an SFR property is considered to be impaired only if its carrying value cannot be recovered through estimated future undiscounted cash flows from the use and eventual disposition of the property. To the extent an impairment has occurred, the carrying amount is adjusted to its estimated fair value. Impairment charges are included in other income (loss) in the Company’s Consolidated Statements of Operations. Under ASC 842, Leases , an allowance for doubtful accounts for estimated losses is not permitted. Rather, when collectability is not deemed probable, the Company writes-off the tenant’s receivables and limits lease income to cash received. Revenues associated with SFR properties consist of rents collected under lease agreements, net of any concessions and bad debt (including write-offs, credit reserves and uncollectible amounts) and other income, including tenant reimbursements for utilities and other charge-backs such as late fees and non-refundable deposits. Leases typically have a term of one to two years. Rental revenues are included in other revenues in the Company’s Consolidated Statements of operations.
Property and Maintenance Revenue and Asset Management Revenue Recognition	Property and Maintenance Revenue — Rithm Capital, through its wholly-owned subsidiary, Guardian, collects revenue from property management, inspections and repair services. These revenues are included in other revenues in the Company’s Consolidated Statements of operations. Revenues recognized are from fixed-price work orders created for services defined within contracts with the customer. In accordance with ASC 606, the Company recognizes revenue upon completion of the services as detailed in each work order. Asset Management Revenue Recognition — Management fees are generally calculated and paid to Sculptor on a quarterly basis in advance, based on the amount of assets under management (“AUM”) at the beginning of the quarter. Management fees are prorated for capital inflows and redemptions during the quarter. Management fees are recognized over the period during which the related services are performed. Certain of Sculptor’s management fees are paid on a quarterly basis in arrears. Sculptor considers management fees to be a form of variable consideration, as the amount earned each quarter may depend on various contingencies, such as the value of AUM, capital inflows and outflows during the period, or changes in committed or invested capital. Management fees, however, are generally recognized at the end of each reporting period and are not subject to clawback and, therefore, the value of the management fees Sculptor is entitled to receive at the end of each quarter is generally no longer subject to the constraint. A portion of the management fees Sculptor earns from its collateralized loan obligations (“CLOs”) is subordinated to other obligations of the CLOs, including principal and interest on the notes issued by the CLOs. When certain overcollateralization tests are triggered, cash flows received on the underlying collateral in the CLOs that would have otherwise been distributed as subordinated management fees to Sculptor are redirected to pay principal and interest on the more senior obligations of the CLOs. In the event a CLO fails to satisfy one or more overcollateralization tests, Sculptor will stop recognizing management fees for the CLO until if and when the collateral tests are remedied and all fees are paid. The Company, through Sculptor, earns incentive income based on the cumulative performance of the funds over a commitment period. Sculptor recognizes incentive income when it is probable that such income will not significantly reverse. Incentive income is considered variable consideration, the recognition of which is subject to the constraints. Incentive income is no longer constrained when it is probable that a significant reversal will not occur. Determining the amount of incentive income to record is subject to qualitative and quantitative factors including, where a fund is in its life-cycle, whether Sculptor has received or is entitled to receive incentive income distributions and potential sales of fund investments. Sculptor continuously evaluates whether there are additional considerations that could potentially impact the recognition of incentive income. To the extent that distributions have been received, but for which the recognition of incentive income is not appropriate, Sculptor will recognize a liability for unearned incentive income. The commitment period for certain of Sculptor’s AUM is for a period of one year on a calendar-year basis with incentive income recognized annually on December 31. Sculptor may also recognize incentive income related to fund investor redemptions at other times during the year, and on AUM subject to commitment periods that are longer than one year where the commitment period expires during the year. Sculptor may also recognize incentive income for tax distributions that Sculptor is entitled to that cover estimated tax obligations of Sculptor related to the management of certain funds, as such distributions are not subject to clawback once distributed to Sculptor. Incentive income is generally based on the investment performance of its funds. Incentive income is generally equal to 20% of the profits, net of management fees, attributable to each fund investor. Incentive income may be subject to hurdle rates, where Sculptor is not entitled to incentive income until the investment performance exceed an agreed upon benchmark with a preferential “catch-up” allocation once the rate has been exceed, or a perpetual “high-water mark”, where any losses generated in a fund must be recouped before taking incentive income.
Mortgage Loans Receivable	Mortgage Loans Receivable — Rithm Capital, through its wholly-owned subsidiary Genesis, originates and manages a portfolio of primarily short-term mortgage loans to fund the construction and development of, or investment in, residential properties. Rithm Capital elected to apply the fair value option for all mortgage loans receivable. The fair value option provides an election which allows a company to irrevocably elect fair value for certain financial asset and liabilities on an instrument-by-instrument basis. The Company elected the fair value option for these loans to better align reported results with the underlying economic changes in value of the loans on the Company’s Consolidated Balance Sheets. Furthermore, as a result of the election to apply the fair value option, these loans are not subject to an allowance for credit losses under the CECL impairment model. Rithm Capital reports the change in the fair value within realized and unrealized gains (losses), net in the Consolidated Statements of Operations. Fair value approximates carrying value due to the short duration of the mortgage loans receivable. Mortgage loans receivable are presented net of construction holdbacks and interest reserves on the Consolidated Balance Sheets. The construction holdback represents amounts withheld from the funding of construction loans and released as the project progresses. The interest reserve represents amounts withheld from the funding of certain mortgage loans in order to satisfy monthly interest payments for all or part of the term of the related loan. Accrued interest is paid out of the interest reserve and recognized as interest income on a monthly basis. Mortgage loans receivable can be placed in contractual default status for (i) an interest payment is more than 30 days past due or sooner, if collection is considered doubtful, (ii) a loan matures and the borrower fails to make payment of all amounts owed or extend the loan or (iii) the collateral becomes impaired in such a way that the ultimate collection of the loan receivable is doubtful. The accrual of interest income is suspended when a loan is in contractual default unless the interest is paid in cash or collectability of all amounts due is reasonably assured. In addition, in certain instances, where the interest reserve on a current loan has been fully depleted and the interest payment is not expected to be collected from the borrower, the Company may place a current loan on non-accrual status and recognize interest income on a cash basis. Interest previously accrued may be reversed at that time, and such reversal is offset against interest income. The accrual of interest income resumes only when the suspended loan becomes contractually current or a credit analysis supports the ability to collect in accordance with the terms of the loan. In addition to interest income, the Company generates loan fee income, including loan origination fees, loan renewal fees and inspection fees. The majority of fee income is composed of loan origination fees, or “points,” with interest rates based on the total commitment at origination. In addition to origination fees, the Company earns loan extension fees when maturing loans are renewed or extended and amendment fees when loan terms are modified, such as increases in interest reserves and construction holdbacks. Loans are generally only renewed or extended if the loan is not in default and satisfies the Company’s underwriting criteria. Loan fee income is recognized as interest income at origination or amendment given the Company’s election of the fair value option. Both interest and loan fee income earned on mortgage loans is reported in interest income in the Consolidated Statements of Operations.
Residential Mortgage Loan Repurchases	Residential Mortgage Loan Repurchases — The Mortgage Company, as approved issuer of Ginnie Mae MBS, originate and securitize government-insured residential mortgage loans. As issuer of Ginnie Mae-guaranteed securitizations, the Mortgage Company has the unilateral right to repurchase loans from the securitizations when they are delinquent for more than 90 days. Loans in forbearance that are three or more consecutive payments delinquent are included as delinquent loans permitted to be repurchased. Under GAAP, the Mortgage Company is required to recognize the right to loans on its balance sheet and establish a corresponding liability upon the triggering of the repurchase right regardless of whether the Mortgage Company intends to repurchase the loans. Upon recognizing loans eligible for repurchase, the Company does not change the accounting for MSRs related to previously sold loans. Upon reacquisition of a loan the MSR is written off.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash
Servicer Advances Receivable	Servicer Advances Receivable — Represents servicer advances due to Rithm Capital’s servicer subsidiaries, NRM and Newrez (Note 6). The servicer advances receivable purchased in conjunction with MSRs are recorded with purchase discounts. Subsequent advances are recorded at cost, subject to impairment. Any related purchase discounts are accreted into Servicing Revenue, Net on a straight-line basis over the estimated weighted average life of the advances.
Goodwill and Intangible Assets	Goodwill and Intangible Assets — Rithm Capital qualitatively assesses its goodwill assigned to each of its reporting units during the fourth quarter of each year. This qualitative assessment evaluates various events and circumstances, such as macro-economic conditions, industry and market conditions, cost factors, relevant events and financial trends, that may impact a reporting unit's fair value. Using this qualitative assessment, the Company determines whether it is more likely than not the reporting unit's fair value exceeds its carrying value. If it is determined that it is not more likely than not the reporting unit's fair value exceeds the carrying value, or upon consideration of other factors, including recent acquisition, restructuring or divestiture activity, the Company performs a quantitative, “step one,” goodwill impairment analysis. In addition, the Company may test goodwill in between annual test dates if an event occurs or circumstances change that could more likely than not reduce the fair value of a reporting unit below its carrying value. Rithm Capital did not recognize any impairment for the year ended December 31, 2023.
Leases	Leases — Rithm Capital determines if an arrangement is a lease at inception. Operating lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent obligations to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at commencement date based on the net present value of lease payments over the lease term. The majority of Rithm Capital’s lease agreements do not provide an implicit rate. As a result, Rithm Capital used an incremental borrowing rate based on the information available as of the lease commencement dates, or as of the acquisition date, if applicable, in determining the present value of lease payments. The operating lease ROU asset reflects any upfront lease payments made as well as lease incentives received. The lease terms may include options to extend or terminate the lease and these are factored into the determination of the ROU asset and lease liability at lease inception when and if it is reasonably certain that Rithm Capital will exercise that option. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term. Subrental income is recognized on a straight-line basis over the lease term and is included within other revenues in the consolidated statements of operations. Where the Company has entered into a sublease arrangement, the Company will evaluate the lease arrangement for impairment. To the extent an impairment of the right-of-use lease asset is recognized, the Company will recognize lease impairment and subsequently amortize the remaining lease asset on a straight-line basis over the remaining lease term within general and administrative expenses in the Consolidated Statements of Operations. Rithm Capital has certain lease agreements with non-lease components such as maintenance and executory costs, which are accounted for separately and not included in ROU assets. ROU assets are tested for impairment whenever changes in facts or circumstances indicate that the carrying amount of an asset may not be recoverable. Modification of a lease term would result in re-measurement of the lease liability and a corresponding adjustment to the ROU asset.
Secured Financing Agreements and Secured Notes and Bonds Payable	Secured Financing Agreements and Secured Notes and Bonds Payable — The Company finances the acquisition of certain assets within its investment portfolio using secured financing agreements, including repurchase agreements and warehouse credit facilities. Repurchase agreements and warehouse credit facilities are treated as collateralized financing transactions and carried at their contractual amounts, including accrued interest, as specified in the respective agreements. The carrying amount of the Company’s secured financing agreements and warehouse credit facilities approximates fair value. The Company pledges certain securities, loans or other assets as collateral under secured financing agreements and warehouse credit facilities with financial institutions, the terms and conditions of which are negotiated on a transaction-by-transaction basis. The amounts available to be borrowed under repurchase agreements and warehouse credit facilities are dependent upon the fair value of the securities, or loans pledged as collateral, which can fluctuate with changes in interest rates, type of security and liquidity conditions within the banking, mortgage finance and real estate industries. The Company also finances the acquisition of certain assets within its investment portfolio using secured term notes and securitizations.
Derivative Financial Instruments	Derivative Financial Instruments — The Company enters into derivative contracts, including interest rate swaps, swaptions, futures, interest rate caps and TBA securities to manage its interest rate risk and, from time to time, enhance investment returns. The Company’s derivatives are recorded as either assets or liabilities in the Consolidated Balance Sheets and measured at fair value. The Company’s derivative financial instrument contracts are not designated as hedges for U.S. GAAP; accordingly, all changes in fair value are recognized in earnings. The Company estimates the fair value of its derivative instruments as described in Note 20 of these consolidated financial statements. The Company may also utilize forward contracts for the purchase or sale of TBA Agency MBS. The Company accounts for TBA Agency MBS as derivative instruments if it is reasonably possible that it will not take or make physical delivery of the Agency MBS upon settlement of the contract. The Company accounts for TBA dollar roll transactions as a series of derivative transactions. The Company may also purchase and sell TBA Agency MBS as a means of investing in and financing Agency MBS (thereby increasing “at risk” leverage) or as a means of disposing of or reducing its exposure to Agency MBS (thereby reducing “at risk” leverage). The Company agrees to purchase or sell, for future delivery, Agency MBS with certain principal and interest terms and certain types of collateral, but the particular Agency Securities to be delivered are not identified until shortly before the TBA settlement date. The Company may also choose, prior to settlement, to move the settlement of these securities out to a later date by entering into an offsetting short or long position (referred to as a “pair off”), net settling the paired off positions for cash, and simultaneously purchasing or selling a similar TBA Agency MBS for a later settlement date. This transaction is commonly referred to as a “dollar roll.” When it is reasonably possible that the Company will pair off a TBA Agency MBS, it accounts for that contract as a derivative.
Equity-Based Compensation	Equity-Based Compensation — The Company grants equity-based compensation awards to certain employees and all directors in the form of restricted shares of common stock. The Company accounts for equity-based awards under ASC 718, Compensation — Stock Compensation , which requires the Company to expense the cost of services received in exchange for equity-based awards based on the grant-date fair value of the awards. This expense is recognized as provided in the applicable award agreement (see Note 22). The fair value of the Company’s restricted stock awards (“RSA”) and time-based and performance-based restricted stock unit awards (“RSU” and “PSU” awards, respectively) are typically equivalent to the closing stock price on the grant date. The unrecognized compensation cost relating to such awards is recognized as an expense over the awards’ remaining vesting periods. The fair value of the Company’s LTIP Profit Units (as defined below) is initially determined at the date of grant and is remeasured at each reporting period until settlement. Equity-based compensation expense is included in compensation and benefits expense on the Company’s Consolidated Statements of Operations. The Company has elected to account for forfeitures when they occur.
Residential Mortgage Origination Reserves	Residential Mortgage Origination Reserves — The Mortgage Company originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the transfer of loans to the GSEs or mortgage investors, the Mortgage Company provides representations and warranties regarding certain attributes of the loans and, subsequent to the sale, if it is determined that a sold loan is in breach of these representations and warranties, the Mortgage Company generally has an obligation to cure the breach. If the Mortgage Company is unable to cure the breach, the purchaser may require the Mortgage Company to repurchase the loan. Rithm Capital records a reserve for sales recourse at the time of sale to cover all potential recourse obligations based on the outstanding balance of residential mortgage loans subject to recourse as well as historical and estimated future loss rates. Rithm Capital evaluates the ongoing adequacy of the reserve based on actual experience and changing circumstances, making adjustments to the reserve as deemed necessary.
Offering Costs	Offering Costs — The Company has incurred offering costs in connection with common stock offerings, registration statements, preferred stock offerings and exchanges. Where applicable, the offering costs were paid out of the proceeds of the respective offerings. Offering costs in connection with common stock offerings and costs in connection with registration statements have been accounted for as a reduction of additional paid-in capital. Offering costs in connection with preferred stock offerings have been accounted for as a reduction of their respective gross proceeds. Exchange costs in connection with the Company's preferred stock exchanges have been accounted for as a reduction to the Company's retained earnings.
Earnings (Loss) Per Share	Earnings (Loss) Per Share — In accordance with the provisions of ASC 260, Earnings Per Share
Comprehensive Income	Comprehensive Income — Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. For Rithm Capital’s purposes, comprehensive income represents net income, as presented in the Consolidated Statements of Operations, adjusted for unrealized gains or losses on certain securities classified as available for sale and a cumulative translation adjustment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The standard was issued to ease the accounting effects of reform to the London Interbank Offered Rate (“LIBOR”) and other reference rates. The standard provides optional expedients and exceptions for applying GAAP to debt, derivatives and other contracts affected by reference rate reform. The standard was effective for all entities as of March 12, 2020 through December 31, 2022 and was able to be elected over time as reference rate reform activities occur. Additionally, in December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 . The standard defers the expiration date of ASC 848 from December 31, 2022 to December 31, 2024. ASU 2022-06 became effective upon issuance. As of June 30, 2023, the Company has transitioned from LIBOR to an alternative benchmark. The Company's financing arrangements have provisions in place that provide for an alternative to LIBOR. In addition, the Company has amended terms of certain financing arrangements, where necessary, to transition or direct the transition to an alternative benchmark. The Company does not currently intend to amend the 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series A”), the 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series B”) or the 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C”) to change the existing USD-LIBOR cessation fallback language. In March 2022, the FASB issued ASU 2022-01, Derivative and Hedging (Topic 815): Fair Value Hedging–Portfolio Layer Method . The standard clarifies the accounting and promotes consistency in reporting for hedges where the portfolio layer method is applied. The new standard is effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The Company’s adoption of the new standard did not have a material effect on its Consolidated Financial Statements. In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions . The standard clarifies that a contractual restriction on the sale of an equity security is not considered in measuring the security’s fair value. The standard also requires certain disclosures for equity securities that are subject to contractual restrictions. The new standard is effective for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company does not expect the adoption of the new standard to have a material effect on its Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This standard requires public companies to disclose information about their reportable segments’ significant expenses on an interim and annual basis to provide more transparency about the expenses they incur from revenue generating business units. The new standard is effective for annual periods beginning after December 15, 2023, with early adoption permitted. The Company does not expect the adoption of the new standard to have a material effect on its Consolidated Financial Statements.

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	12 Months Ended
BUSINESS ACQUISITIONS (Tables)	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Price Allocation	The following table summarizes the allocation of the total consideration paid to acquire the assets and assume the liabilities of companies acquired: 2023 ($ in millions) Sculptor Total Consideration (A) $ 630.3 Assets Real estate and other securities $ 246.1 Cash and cash equivalents 267.5 Restricted cash 8.4 Other assets (B) 1,120.4 Total Assets Acquired $ 1,642.4 Liabilities Secured financing agreements 177.6 Secured notes and bonds payable 99.2 Accrued expenses and other liabilities 746.1 Total Liabilities Assumed $ 1,022.9 Noncontrolling interest $ 35.9 Net Assets $ 583.6 Goodwill $ 46.7 (A) The fair value of total consideration transferred included cash of $600.6 million and assumption of unvested shares of Sculptor stock of $29.7 million for a total consideration of $630.3 million. (B) Includes $275.0 million of intangible assets in the form of management contracts. These intangibles are being amortized over a finite life of 10 years. The following table summarizes the allocation of the total consideration paid to acquire the assets and assume the liabilities of companies acquired: 2021 ($ in millions) Caliber Genesis Total Total Consideration $ 1,318.5 $ 1,634.6 $ 2,953.1 Assets Mortgage servicing rights, at fair value $ 1,507.5 $ — $ 1,507.5 Residential mortgage loans, held-for-sale, at fair value 7,685.7 — 7,685.7 Mortgage loans receivable, at fair value — 1,505.6 1,505.6 Residential mortgage loans subject to repurchase 666.8 — 666.8 Cash and cash equivalents 472.7 16.4 489.1 Restricted cash 30.6 — 30.6 Servicer advance receivable 108.3 — 108.3 Intangible assets (A)(B) 41.0 56.8 97.8 Other assets 609.7 14.5 624.2 Total Assets Acquired $ 11,122.3 $ 1,593.3 $ 12,715.6 Liabilities Secured financing agreements $ 7,090.6 $ — $ 7,090.6 Secured notes and bonds payable 1,121.8 — 1,121.8 Residential mortgage loans repurchase liability 666.8 — 666.8 Accrued expenses and other liabilities 918.6 14.4 933.0 Total Liabilities Assumed $ 9,797.8 $ 14.4 $ 9,812.2 Net Assets $ 1,324.5 $ 1,578.9 $ 2,903.4 Goodwill (bargain purchase gain) $ (6.0) $ 55.7 $ 49.7 (A) Includes intangible assets acquired as part of the Caliber acquisition in the form of purchased technology and trade name/trademarks. These intangibles are being amortized over a finite life of up to seven years. (B) Includes intangible assets acquired as part of the Genesis acquisition in the form of customer relationships, trade name and a license. Customer relationships and the trade name are being amortized over a finite life of nine years and five years, respectively. Rithm Capital has determined that the license has an indefinite useful life. ($ in millions) Acquisition Date Amounts Recognized as of September 30, 2021 Subsequent Adjustments to Fair Value Acquisition Date Amounts Recognized as of December 31, 2021 Total Consideration $ 1,318.5 $ — $ 1,318.5 Assets Mortgage servicing rights, at fair value $ 1,507.5 $ — $ 1,507.5 Residential mortgage loans, held-for-sale, at fair value 7,685.7 — 7,685.7 Residential mortgage loans subject to repurchase 666.8 — 666.8 Cash and cash equivalents 472.7 — 472.7 Restricted cash 30.6 — 30.6 Servicer advance receivable 108.3 — 108.3 Intangible assets 41.0 — 41.0 Other assets (A) 605.4 4.3 609.7 Total Assets Acquired $ 11,118.0 $ 4.3 $ 11,122.3 Liabilities Secured financing agreements $ 7,090.6 $ — $ 7,090.6 Secured notes and bonds payable 1,121.8 — 1,121.8 Residential mortgage loans repurchase liability 666.8 — 666.8 Accrued expenses and other liabilities (A) 917.0 1.6 918.6 Total Liabilities Assumed $ 9,796.2 $ 1.6 $ 9,797.8 Net Assets $ 1,321.8 $ 2.7 $ 1,324.5 Goodwill (bargain purchase gain) $ (3.3) $ (2.7) $ (6.0) (A) The adjustments to Other assets and Accrued expenses and other liabilities primarily reflect the impact on deferred tax assets and related liabilities attributable to certain return to provision adjustments.
Schedule of Acquired Intangible Assets	The following table presents the details of identifiable intangible assets acquired: Estimated Useful Life Amount Management contracts 10 $ 275.0 Total identifiable intangible assets $ 275.0 Estimated Useful Life Amount Purchased technology 7 $ 38,545 Trademarks/trade names 1 2,483 Total identifiable intangible assets $ 41,028 Estimated Useful Life Amount Customer relationships 9 $ 44,700 Trade name 5 5,900 License Indefinite 5,500 Total identifiable intangible assets $ 56,100 The following table summarizes the acquired identifiable intangible assets: As of December 31, Estimated Useful Lives (Years) 2023 2022 Gross Intangible Assets Management contracts 10 $ 275,000 $ — Customer relationships 3 to 9 57,949 57,949 Purchased technology 3 to 7 137,922 120,787 Trademarks / Trade names 1 to 5 10,259 10,259 481,130 188,995 Accumulated Amortization Management contracts 3,388 — Customer relationships 17,834 12,960 Purchased technology 67,145 30,959 Trademarks / Trade names 4,843 3,663 93,210 47,582 Intangible Assets, Net Management contracts 271,612 — Customer relationships 40,115 44,989 Purchased technology (A) 70,777 89,828 Trademarks / Trade names (B) 5,416 6,596 $ 387,920 $ 141,413 (A) Includes indefinite-lived intangible assets of $21.4 million and $21.4 million, respectively. (B) Includes indefinite-lived intangible assets of $1.9 million and $1.9 million, respectively.
Schedule of Unaudited Supplemental Pro Forma Financial Information	The following table presents unaudited pro forma combined revenues and income before income taxes for the years ended December 31, 2023 and 2022 prepared as if the Sculptor Acquisition had been consummated on January 1, 2022: Year Ended December 31, Pro Forma (in millions) 2023 2022 Revenues $ 4,110.0 $ 5,371.4 Income (loss) before income taxes 591.1 1,223.2 Year Ended December 31, Pro Forma (in millions) 2021 2020 Revenues $ 5,422.7 $ 4,453.4 Income (loss) before income taxes 1,258.6 (529.9) Year Ended December 31, Pro Forma (in millions) 2021 2020 Revenues $ 3,643.4 $ 1,693.0 Income (loss) before income taxes 981.8 (1,316.1)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
SEGMENT REPORTING (Tables)	Dec. 31, 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 Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2023 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,488,911 $ 371,344 $ — $ — $ — $ 1,860,255 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(518,978)) (310,444) (255,240) — — — (565,684) Servicing revenue, net 1,178,467 116,104 — — — 1,294,571 Interest income 533,944 896,661 241,931 3,788 — 1,676,324 Gain on originated residential mortgage loans, held-for-sale, net 495,940 12,494 — — — 508,434 Other investment portfolio revenues — 236,167 — — — 236,167 Asset management revenues — — — 82,681 — 82,681 Total revenues 2,208,351 1,261,426 241,931 86,469 — 3,798,177 Interest expense 460,780 795,727 125,836 2,727 36,184 1,421,254 G&A and other 944,112 333,293 62,358 63,870 114,211 1,517,844 Total operating expenses 1,404,892 1,129,020 188,194 66,597 150,395 2,939,098 Realized and unrealized gains (losses), net 273 (30,843) (14,726) 8,060 — (37,236) Other income (loss), net (19,950) (29,465) 6,209 557 (26,361) (69,010) Total other income (loss) (19,677) (60,308) (8,517) 8,617 (26,361) (106,246) Income (loss) before income taxes 783,782 72,098 45,220 28,489 (176,756) 752,833 Income tax (benefit) expense 107,617 (7,457) (5,122) 27,121 — 122,159 Net income (loss) $ 676,165 $ 79,555 $ 50,342 $ 1,368 $ (176,756) $ 630,674 Noncontrolling interests in income (loss) of consolidated subsidiaries 581 7,471 — 365 — 8,417 Dividends on preferred stock — — — — 89,579 89,579 Net income (loss) attributable to common stockholders $ 675,584 $ 72,084 $ 50,342 $ 1,003 $ (266,335) $ 532,678 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total December 31, 2023 Investments $ 9,413,923 $ 13,743,465 $ 2,232,913 $ 226,486 $ — $ 25,616,787 Cash and cash equivalents 548,666 442,015 58,628 230,008 7,882 1,287,199 Restricted cash 195,490 144,169 37,805 8,156 — 385,620 Other assets 3,489,171 3,083,967 113,055 1,183,646 20,483 7,890,322 Goodwill 24,376 5,092 55,731 46,658 — 131,857 Total assets $ 13,671,626 $ 17,418,708 $ 2,498,132 $ 1,694,954 $ 28,365 $ 35,311,785 Debt $ 6,920,310 $ 14,180,827 $ 1,856,006 $ 455,512 $ 546,818 $ 23,959,473 Other liabilities 3,224,989 223,266 23,979 565,919 213,121 4,251,274 Total liabilities 10,145,299 14,404,093 1,879,985 1,021,431 759,939 28,210,747 Total equity 3,526,327 3,014,615 618,147 673,523 (731,574) 7,101,038 Noncontrolling interests in equity of consolidated subsidiaries 8,220 44,905 — 40,971 — 94,096 Total Rithm Capital stockholders’ equity $ 3,518,107 $ 2,969,710 $ 618,147 $ 632,552 $ (731,574) $ 7,006,942 Investments in equity method investees $ — $ 110,883 $ — $ 91,563 $ — $ 202,446 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2022 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,348,984 $ 482,980 $ — $ — $ — $ 1,831,964 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(631,120)) 729,844 (2,510) — — — 727,334 Servicing revenue, net 2,078,828 480,470 — — — 2,559,298 Interest income 326,634 582,590 166,479 — 278 1,075,981 Gain on originated residential mortgage loans, held-for-sale, net 1,127,282 (41,050) — — — 1,086,232 Other investment portfolio revenues — 230,905 — — — 230,905 Asset management revenues — — — — — — Total revenues 3,532,744 1,252,915 166,479 — 278 4,952,416 Interest expense 325,056 365,211 64,188 — 36,546 791,001 G&A and other 1,638,989 352,407 64,277 — 497,375 2,553,048 Total operating expenses 1,964,045 717,618 128,465 — 533,921 3,344,049 Realized and unrealized gains (losses), net (1,812) (226,870) 28,434 — 67 (200,181) Other income (loss), net 6,270 (144,728) 12,243 — (19,170) (145,385) Total other income (loss) 4,458 (371,598) 40,677 — (19,103) (345,566) Income (loss) before income taxes 1,573,157 163,699 78,691 — (552,746) 1,262,801 Income tax (benefit) expense 327,318 35,378 (7,792) — (75,388) 279,516 Net income (loss) $ 1,245,839 $ 128,321 $ 86,483 $ — $ (477,358) $ 983,285 Noncontrolling interests in income (loss) of consolidated subsidiaries 2,716 26,050 — — — 28,766 Dividends on preferred stock — — — — 89,726 89,726 Net income (loss) attributable to common stockholders $ 1,243,123 $ 102,271 $ 86,483 $ — $ (567,084) $ 864,793 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total December 31, 2022 Investments $ 9,371,435 $ 12,993,131 $ 2,064,028 $ — $ — $ 24,428,594 Cash and cash equivalents 604,191 666,810 52,441 — 13,066 1,336,508 Restricted cash 161,249 94,508 25,369 — — 281,126 Other assets 2,428,832 3,720,905 170,129 — 28,043 6,347,909 Goodwill 24,376 5,092 55,731 — — 85,199 Total assets $ 12,590,083 $ 17,480,446 $ 2,367,698 $ — $ 41,109 $ 32,479,336 Debt $ 6,660,484 $ 12,962,616 $ 1,733,579 $ — $ 545,056 $ 21,901,735 Other liabilities 2,295,684 1,086,248 25,818 — 159,783 3,567,533 Total liabilities 8,956,168 14,048,864 1,759,397 — 704,839 25,469,268 Total equity 3,633,915 3,431,582 608,301 — (663,730) 7,010,068 Noncontrolling interests in equity of consolidated subsidiaries 12,437 54,630 — — — 67,067 Total Rithm Capital stockholders’ equity $ 3,621,478 $ 3,376,952 $ 608,301 $ — $ (663,730) $ 6,943,001 Investments in equity method investees $ — $ 96,210 $ — $ — $ — $ 96,210 Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Corporate Total Year Ended December 31, 2021 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 950,962 $ 608,592 $ — $ — $ — $ 1,559,554 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(1,192,646)) (306,259) (271,504) — — — (577,763) Servicing revenue, net 644,703 337,088 — — — 981,791 Interest income 208,682 597,995 4,219 — — 810,896 Gain on originated residential mortgage loans, held-for-sale, net 1,806,127 20,782 — — — 1,826,909 Other investment portfolio revenues — 165,480 — — — 165,480 Asset management revenues — — — — — — Total revenues 2,659,512 1,121,345 4,219 — — 3,785,076 Interest expense 219,088 241,068 1,000 — 36,152 497,308 G&A and other 1,534,266 464,201 1,802 — 119,495 2,119,764 Total operating expenses 1,753,354 705,269 2,802 — 155,647 2,617,072 Realized and unrealized gains (losses), net (12,162) (195,104) — — (171) (207,437) Other income (loss), net (10,484) 12,687 — — 1,038 3,241 Total other income (loss) (22,646) (182,417) — — 867 (204,196) Income (loss) before income taxes 883,512 233,659 1,417 — (154,780) 963,808 Income tax (benefit) expense 133,117 25,109 — — — 158,226 Net income (loss) $ 750,395 $ 208,550 $ 1,417 $ — $ (154,780) $ 805,582 Noncontrolling interests in income (loss) of consolidated subsidiaries 11,298 22,058 — — — 33,356 Dividends on preferred stock — — — — 66,744 66,744 Net income (loss) attributable to common stockholders $ 739,097 $ 186,492 $ 1,417 $ — $ (221,524) $ 705,482

EXCESS MORTGAGE SERVICING RIG_2

EXCESS MORTGAGE SERVICING RIGHTS (Tables)	12 Months Ended
EXCESS MORTGAGE SERVICING RIGHTS (Tables)	Dec. 31, 2023
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The table below summarizes the components of Excess MSRs: Year Ended December 31, 2023 2022 Direct investments in Excess MSRs $ 208,385 $ 249,366 Excess MSR joint ventures 62,765 72,437 Excess mortgage servicing rights assets, at fair value $ 271,150 $ 321,803 The following table presents activity related to the carrying value of direct investments in Excess MSRs: Servicer Total (A) Balance as of December 31, 2021 259,198 Interest income 38,035 Other income 42 Proceeds from repayments (43,950) Proceeds from sales (997) Change in fair value (2,962) Balance as of December 31, 2022 249,366 Interest income 18,310 Other income 267 Proceeds from repayments (41,552) Proceeds from sales (2,779) Change in fair value (15,227) Balance as of December 31, 2023 $ 208,385 (A) Underlying loans serviced by Mr. Cooper and SLS. The following table summarizes activity related to MSRs and MSR financing receivables: Total Balance as of December 31, 2021 $ 6,858,803 Purchases, net (A) (967) Originations (B) 1,222,742 Proceeds from sales (8,866) Change in fair value due to: Realization of cash flows (D) (631,120) Change in valuation inputs and assumptions 1,448,811 Balance as of December 31, 2022 $ 8,889,403 Originations (B) 786,655 Proceeds from sales (C) (704,436) Change in fair value due to: Realization of cash flows (D) (518,978) Change in valuation inputs and assumptions (46,706) Balance as of December 31, 2023 $ 8,405,938 (A) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection. (B) Represents MSRs retained on the sale of originated residential mortgage loans. (C) Relates primarily to excess servicing cash flows sold on certain agency loans with a total UPB of approximately $91.4 billion during the year ended December 31, 2023. In connection with these sales, the Company recorded a gain of approximately $5.2 million during the period, which is included within change in fair value of MSRs and MSR financing receivables in the Consolidated Statements of Operations. (D) Based on the paydown of the underlying residential mortgage loans. The following is a summary of MSRs and MSR financing receivables by type as of December 31, 2023 and 2022: UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) 2023 Agency $ 351,642,337 7.7 $ 5,333,013 Non-Agency 48,928,545 6.8 678,913 Ginnie Mae (C) 127,863,627 7.1 2,394,012 Total $ 528,434,509 7.5 $ 8,405,938 2022 Agency $ 364,879,106 7.2 $ 6,022,266 Non-Agency 53,881,903 4.9 794,459 Ginnie Mae (C) 121,136,315 6.7 2,072,678 Total / Weighted Average $ 539,897,324 6.9 $ 8,889,403 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents fair value. As of December 31, 2023 and 2022, weighted average discount rates of 8.5% (range of 7.9% – 10.8%) and 8.3% (range of 7.6% – 9.8%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively. (C)
Summary of Direct Investments in Excess MSRs	The following summarizes direct investments in Excess MSRs: December 31, 2023 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 42,957,347 32.5% – 100% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 181,721 $ 208,385 December 31, 2022 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis Carrying Value (B) Rithm Capital (C)(D) Former Manager-managed funds Mr. Cooper $ 48,154,644 32.5% – 100.0% (56.5%) —% – 50.0% —% – 35.0% 6.3 $ 207,470 $ 249,366 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying value represents the fair value of the pools and recapture agreements, as applicable. (C) Amounts in parentheses represent weighted averages. (D) Rithm Capital is also invested in related servicer advance investments, including the basic fee component of the related MSR as of December 31, 2023 and 2022 (Note 7) on $15.5 billion and $17.0 billion UPB, respectively, underlying these Excess MSRs. Changes in fair value of investments consist of the following: Year Ended December 31, 2023 2022 2021 Original and Recaptured Pools $ (15,227) $ (2,962) $ (15,078)
Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees: December 31, 2023 2022 Excess MSRs $ 114,552 $ 135,356 Other assets 11,664 10,204 Other liabilities (687) (687) Equity $ 125,529 $ 144,873 Rithm Capital’s investment $ 62,765 $ 72,437 Rithm Capital’s percentage ownership 50.0 % 50.0 % Year Ended December 31, 2023 2022 2021 Interest income $ 13,358 $ 15,157 $ 7,574 Other income (loss) (8,296) (12,073) (3,906) Expenses (32) (32) (32) Net income (loss) $ 5,030 $ 3,052 $ 3,636 The following table summarizes the activity of investments in equity method investees: December 31, 2023 2022 Balance at beginning of period $ 72,437 $ 85,749 Distributions of earnings from equity method investees (2,219) — Distributions of capital from equity method investees (9,968) (14,838) Change in fair value of investments in equity method investees 2,515 1,526 Balance at end of period $ 62,765 $ 72,437
Summary of Excess MSR Investments made through Equity Method Investees	The following is a summary of Excess MSR investments made through equity method investees: December 31, 2023 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 17,092,557 66.7% 50.0% $ 94,443 $ 114,552 5.1 December 31, 2022 Unpaid Principal Balance Investee Interest in Excess MSR (A) Rithm Capital Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and recaptured pools $ 19,299,726 66.7% 50.0% $ 106,176 $ 135,356 5.1 (A) The remaining interests are held by Mr. Cooper. (B) Represents the amortized cost basis of the equity method investees in which Rithm Capital holds a 50% interest. (C) Represents the carrying value of the Excess MSRs held in equity method investees, in which Rithm Capital holds a 50% interest. Carrying value represents the fair value of the pools, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment.

MORTGAGE SERVICING RIGHTS AND_2

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2023
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The table below summarizes the components of Excess MSRs: Year Ended December 31, 2023 2022 Direct investments in Excess MSRs $ 208,385 $ 249,366 Excess MSR joint ventures 62,765 72,437 Excess mortgage servicing rights assets, at fair value $ 271,150 $ 321,803 The following table presents activity related to the carrying value of direct investments in Excess MSRs: Servicer Total (A) Balance as of December 31, 2021 259,198 Interest income 38,035 Other income 42 Proceeds from repayments (43,950) Proceeds from sales (997) Change in fair value (2,962) Balance as of December 31, 2022 249,366 Interest income 18,310 Other income 267 Proceeds from repayments (41,552) Proceeds from sales (2,779) Change in fair value (15,227) Balance as of December 31, 2023 $ 208,385 (A) Underlying loans serviced by Mr. Cooper and SLS. The following table summarizes activity related to MSRs and MSR financing receivables: Total Balance as of December 31, 2021 $ 6,858,803 Purchases, net (A) (967) Originations (B) 1,222,742 Proceeds from sales (8,866) Change in fair value due to: Realization of cash flows (D) (631,120) Change in valuation inputs and assumptions 1,448,811 Balance as of December 31, 2022 $ 8,889,403 Originations (B) 786,655 Proceeds from sales (C) (704,436) Change in fair value due to: Realization of cash flows (D) (518,978) Change in valuation inputs and assumptions (46,706) Balance as of December 31, 2023 $ 8,405,938 (A) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection. (B) Represents MSRs retained on the sale of originated residential mortgage loans. (C) Relates primarily to excess servicing cash flows sold on certain agency loans with a total UPB of approximately $91.4 billion during the year ended December 31, 2023. In connection with these sales, the Company recorded a gain of approximately $5.2 million during the period, which is included within change in fair value of MSRs and MSR financing receivables in the Consolidated Statements of Operations. (D) Based on the paydown of the underlying residential mortgage loans. The following is a summary of MSRs and MSR financing receivables by type as of December 31, 2023 and 2022: UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) 2023 Agency $ 351,642,337 7.7 $ 5,333,013 Non-Agency 48,928,545 6.8 678,913 Ginnie Mae (C) 127,863,627 7.1 2,394,012 Total $ 528,434,509 7.5 $ 8,405,938 2022 Agency $ 364,879,106 7.2 $ 6,022,266 Non-Agency 53,881,903 4.9 794,459 Ginnie Mae (C) 121,136,315 6.7 2,072,678 Total / Weighted Average $ 539,897,324 6.9 $ 8,889,403 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents fair value. As of December 31, 2023 and 2022, weighted average discount rates of 8.5% (range of 7.9% – 10.8%) and 8.3% (range of 7.6% – 9.8%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables, respectively. (C)
Fees Earned in Exchange for Servicing Financial Assets	The following table summarizes components of servicing revenue, net: Year Ended December 31, 2023 2022 2021 Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 1,735,958 $ 1,699,587 $ 1,446,509 Ancillary and other fees 124,297 132,377 113,045 Servicing fee revenue, net and fees 1,860,255 1,831,964 1,559,554 Change in fair value due to: Realization of cash flows (518,978) (631,120) (1,192,646) Change in valuation inputs and assumptions, net of realized gains (losses) (46,706) 1,448,811 680,088 Change in fair value of derivative instruments — (11,316) (30,481) Gain (loss) on settlement of derivative instruments — (79,041) (34,724) Servicing revenue, net $ 1,294,571 $ 2,559,298 $ 981,791
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investment in MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the MSRs and MSR financing receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2023 December 31, 2022 California 17.1 % 17.4 % Florida 8.6 % 8.6 % Texas 6.2 % 6.2 % New York 6.0 % 6.0 % Washington 5.8 % 5.9 % New Jersey 4.3 % 4.4 % Virginia 3.6 % 3.6 % Maryland 3.4 % 3.4 % Illinois 3.3 % 3.4 % Georgia 3.0 % 2.9 % Other U.S. 38.7 % 38.2 % 100.0 % 100.0 %
Schedule of Investment in Servicer Advances	The table below summarizes the type of advances included in the servicer advances receivable: December 31, 2023 2022 Principal and interest advances $ 616,801 $ 664,495 Escrow advances (taxes and insurance advances) 1,442,697 1,426,409 Foreclosure advances 767,171 754,073 Total (A)(B)(C) $ 2,826,669 $ 2,844,977 (A) Includes $585.0 million and $526.5 million of servicer advances receivable related to Agency MSRs, respectively, recoverable either from the borrower or the Agencies. (B) Includes $405.6 million and $261.8 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from either the borrower or Ginnie Mae. Expected losses for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a non-reimbursable advance loss assumption. (C) Excludes $66.4 million and $19.5 million, respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. These reserves relate to inactive loans in the foreclosure or liquidation process. Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) December 31, 2023 Servicer advance investments $ 362,760 $ 376,881 6.2 % 6.6 % 8.1 December 31, 2022 Servicer advance investments $ 392,749 $ 398,820 5.7 % 5.6 % 8.4 (A) Represents the fair value of the servicer advance investments, including the basic fee component of the related MSRs. (B) Represents the weighted average expected timing of the receipt of expected net cash flows for this investment. The following table provides additional information regarding the servicer advance investments and related financing: UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Secured Notes and Bonds Payable Loan-to-Value (“LTV”) (A) Cost of Funds (C) Gross Net (B) Gross Net December 31, 2023 Servicer advance investments (D) $ 15,499,559 $ 320,630 2.1 % $ 278,845 84.1 % 81.9 % 7.5 % 6.9 % December 31, 2022 Servicer advance investments (D) $ 17,033,753 $ 341,628 2.0 % $ 319,276 90.2 % 88.3 % 6.5 % 5.9 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees. (D) The following table summarizes the types of advances included in servicer advance investments: December 31, 2023 2022 Principal and interest advances $ 57,909 $ 66,892 Escrow advances (taxes and insurance advances) 149,346 155,438 Foreclosure advances 113,375 119,298 Total $ 320,630 $ 341,628
Schedule of Servicer Advances Reserve	The following table summarizes servicer advances reserve: Balance as of December 31, 2021 $ 32,122 Provision 48,392 Write-offs (15,086) Balance as of December 31, 2022 $ 65,428 Provision 63,016 Write-offs (34,763) Balance as of December 31, 2023 $ 93,681

SERVICER ADVANCE INVESTMENTS (T

SERVICER ADVANCE INVESTMENTS (Tables)	12 Months Ended
SERVICER ADVANCE INVESTMENTS (Tables)	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Schedule of Investment in Servicer Advances	The table below summarizes the type of advances included in the servicer advances receivable: December 31, 2023 2022 Principal and interest advances $ 616,801 $ 664,495 Escrow advances (taxes and insurance advances) 1,442,697 1,426,409 Foreclosure advances 767,171 754,073 Total (A)(B)(C) $ 2,826,669 $ 2,844,977 (A) Includes $585.0 million and $526.5 million of servicer advances receivable related to Agency MSRs, respectively, recoverable either from the borrower or the Agencies. (B) Includes $405.6 million and $261.8 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from either the borrower or Ginnie Mae. Expected losses for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a non-reimbursable advance loss assumption. (C) Excludes $66.4 million and $19.5 million, respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. These reserves relate to inactive loans in the foreclosure or liquidation process. Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) December 31, 2023 Servicer advance investments $ 362,760 $ 376,881 6.2 % 6.6 % 8.1 December 31, 2022 Servicer advance investments $ 392,749 $ 398,820 5.7 % 5.6 % 8.4 (A) Represents the fair value of the servicer advance investments, including the basic fee component of the related MSRs. (B) Represents the weighted average expected timing of the receipt of expected net cash flows for this investment. The following table provides additional information regarding the servicer advance investments and related financing: UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Secured Notes and Bonds Payable Loan-to-Value (“LTV”) (A) Cost of Funds (C) Gross Net (B) Gross Net December 31, 2023 Servicer advance investments (D) $ 15,499,559 $ 320,630 2.1 % $ 278,845 84.1 % 81.9 % 7.5 % 6.9 % December 31, 2022 Servicer advance investments (D) $ 17,033,753 $ 341,628 2.0 % $ 319,276 90.2 % 88.3 % 6.5 % 5.9 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees. (D) The following table summarizes the types of advances included in servicer advance investments: December 31, 2023 2022 Principal and interest advances $ 57,909 $ 66,892 Escrow advances (taxes and insurance advances) 149,346 155,438 Foreclosure advances 113,375 119,298 Total $ 320,630 $ 341,628

REAL ESTATE AND OTHER SECURIT_2

REAL ESTATE AND OTHER SECURITIES (Tables)	12 Months Ended
REAL ESTATE AND OTHER SECURITIES (Tables)	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The following table summarizes real estate and other securities by designation: December 31, 2023 Gross Unrealized Weighted Average Outstanding Face Amount Gains Losses Carrying Value (A) Number of Securities Coupon (B) Yield Life (Years) (C) Securities designated as available for sale (“AFS”): Agency (D) $ 74,639 $ — $ — $ 65,496 1 3.5 % 3.5 % 10.8 Non-Agency (E)(F) 2,477,170 68,624 (24,488) 363,157 331 3.5 % 3.9 % 5.4 Securities measured at fair value through net income (“FVO”): Agency (D) 8,515,621 121,771 (5,666) 8,467,634 43 5.2 % 5.2 % 8.2 Non-Agency (E)(F) 16,543,262 66,470 (80,463) 861,377 452 3.5 % 6.5 % 7.8 Total / Weighted Average $ 27,610,692 $ 256,865 $ (110,617) $ 9,757,664 827 5.0 % 5.2 % 8.1 December 31, 2022 Gross Unrealized Weighted Average Outstanding Face Amount Gains Losses Carrying Value (A) Number of Securities Coupon (B) Yield Life (Years) (C) RMBS designated as AFS: Agency (D) $ 80,261 $ — $ — $ 73,439 1 3.5 % 3.5 % 8.9 Non-Agency (E)(F) 2,631,852 72,354 (33,684) 397,076 333 3.5 % 3.5 % 6.4 RMBS measured at FVO: Agency (D) 7,383,261 91,770 (43,826) 7,264,978 35 5.0 % 5.0 % 8.6 Non-Agency (E)(F) 15,275,560 56,213 (91,369) 553,784 341 2.7 % 4.8 % 7.5 Total / Weighted Average $ 25,370,934 $ 220,337 $ (168,879) $ 8,289,277 710 4.8 % 4.9 % 8.4 (A) Fair value is equal to the carrying value for all securities. See Note 20 regarding the fair value measurements. (B) Excludes residual bonds and certain other Non-Agency bonds, with a carrying value of $30.5 million and $1.0 million, respectively, for which no coupon payment is expected. (C) Based on the timing of expected principal reduction on the assets. (D) The total outstanding face amount was $8.6 billion and $7.5 billion for fixed rate securities as of December 31, 2023 and 2022, respectively. (E) The total outstanding face amount was $7.8 billion (including $6.9 billion of residual and fair value option notional amount) and $8.4 billion (including $7.5 billion of residual and fair value option notional amount) for fixed-rate securities and $11.2 billion (including $10.7 billion of residual and fair value option notional amount) and $9.5 billion (including $9.3 billion of residual and fair value option notional amount) for floating rate securities as of December 31, 2023 and 2022, respectively. (F) Includes other asset-backed securities consisting primarily of (i) interest-only securities, servicing strips and commercial mortgage-backed securities (fair value option securities), (ii) bonds backed by AFS consumer loans and (iii) corporate debt and/or collateralized loan obligations which Rithm Capital elected to carry at fair value and record changes to valuation through earnings. These securities are detailed in the table below: Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Gains Losses Carrying Value Number of Securities Coupon Yield Life (Years) December 31, 2023 Consumer loan bonds $ 239 $ 640 $ — $ 640 1 — — 1.7 Fair value option securities Interest-only securities 10,949,006 35,711 (30,379) 143,966 148 0.8 % 10.1 % 2.4 Servicing strips 4,000,153 16,425 (3,197) 46,689 61 0.5 % 13.2 % 4.0 Commercial mortgage-backed securities 3,845 91 — 3,812 2 7.9 % 8.6 % 1.4 CLOs 244,336 2,896 (44) 226,486 88 5.7 % 6.1 % 9.1 December 31, 2022 Corporate Debt $ 514 $ — $ — $ 465 2 8.2 % 9.5 % 2.2 Consumer loan bonds 518 522 — 590 3 N/A N/A 0.7 Fair value option securities Interest-only securities 9,652,902 29,681 (31,714) 160,160 141 0.9 % 5.4 % 3.2 Servicing strips 4,338,099 17,501 (4,105) 59,017 61 0.7 % 9.9 % 4.2 The following table summarizes purchases and sales of Real Estate and Other Securities: Year Ended December 31, 2023 2022 (in millions) Treasury Agency Non-Agency Treasury Agency Non-Agency Purchases Face $ 1,055.0 $ 3,373.7 $ 2,816.9 $ — $ 16,479.3 $ 5,018.1 Purchase price 1,028.1 3,350.6 347.2 — 16,314.6 256.5 Sales Face $ — $ 1,691.5 $ — $ — $ 16,516.0 $ 15.3 Amortized cost — 1,671.7 0.2 — 16,759.7 13.6 Sale price — 1,614.7 — — 15,026.3 12.0 Gain (loss) on sale — (57.0) (0.2) — (1,733.4) (1.6)
Summary of Debt Securities, Held-to-Maturity	The following table summarizes Real Estate and Other Securities, Held to Maturity: December 31, 2023 December 31, 2022 Weighted Average Outstanding Face Amount Amortized Cost / Carrying Value Fair Value Unrecognized Gains/(Losses) Number of Securities Yield Life (Years) Carrying Treasury Bills Designated as Held to Maturity (HTM): Treasury $ 25,000 $ 24,553 $ 24,566 $ 13 1 5.4 % 0.3 $ —
Summary of Real Estate Securities in an Unrealized Loss Position	The following table summarizes certain information for RMBS designated as AFS in an unrealized loss position as of December 31, 2023: Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Credit Impairment Credit Impairment (A) After Credit Impairment Gross Unrealized Losses Carrying Value Number of Securities Coupon Yield Life Less than 12 Months $ 54,500 $ 52,630 $ — $ 52,630 $ (3,272) $ 49,358 54 3.0 % 3.8 % 3.7 12 or More Months 308,038 284,426 (10,152) 274,274 (21,216) 253,058 136 3.7 % 3.8 % 7.3 Total / Weighted Average $ 362,538 $ 337,056 $ (10,152) $ 326,904 $ (24,488) $ 302,416 190 3.6 % 3.8 % 6.7 (A) Represents credit impairment on securities in an unrealized loss position as of December 31, 2023. Rithm Capital performed an assessment of all RMBS designated as AFS that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of credit impairment, exceeds its fair value) and determined the following: December 31, 2023 December 31, 2022 Gross Unrealized Losses Gross Unrealized Losses RMBS Designated as AFS Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Securities Rithm Capital intends to sell $ — $ — $ — $ — $ — $ — $ — $ — Securities Rithm Capital is more likely than not to be required to sell (C) — — — — — — — — Securities Rithm Capital has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 65,697 66,377 (10,152) (680) 77,843 78,101 (10,816) (258) Non-credit impaired securities 236,719 260,527 — (23,808) 271,405 304,831 — (33,426) Total debt securities in an unrealized loss position $ 302,416 $ 326,904 $ (10,152) $ (24,488) $ 349,248 $ 382,932 $ (10,816) $ (33,684) (A) Required to be recorded through earnings. In measuring the portion of credit losses, Rithm Capital estimates the expected cash flow for each of the securities. This evaluation included a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows included Rithm Capital’s expectations of prepayment rates, default rates and loss severities. Credit losses were measured as the decline in the present value of the expected future cash flows discounted at the security’s effective interest rate. (B) Represents unrealized losses on securities that are due to non-credit factors. (C) Rithm Capital may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, Rithm Capital must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales.
Schedule of Debt Securities, Available-for-sale, Allowance for Credit Loss	The following table summarizes the activity related to the allowance for credit losses on RMBS designated as AFS (excluding credit impairment relating to securities Rithm Capital intends to sell or is more likely than not required to sell): RMBS Designated as AFS Purchased Credit Deteriorated Non-Purchased Credit Deteriorated Total Allowance for credit losses on available-for-sale debt securities at December 31, 2021 $ 3,471 $ — $ 3,471 Additions to the allowance for credit losses on securities for which credit losses were not previously recorded 128 6,676 6,804 Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period — — — Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period 541 — 541 Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Allowance for credit losses on available-for-sale debt securities at December 31, 2022 $ 4,140 $ 6,676 $ 10,816 Additions to the allowance for credit losses on securities for which credit losses were not previously recorded — — — Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period (221) — (221) Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period (2,736) 2,293 (443) Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Allowance for credit losses on available-for-sale debt securities at December 31, 2023 $ 1,183 $ 8,969 $ 10,152

RESIDENTIAL MORTGAGE LOANS (Tab

RESIDENTIAL MORTGAGE LOANS (Tables)	12 Months Ended
RESIDENTIAL MORTGAGE LOANS (Tables)	Dec. 31, 2023
Receivables [Abstract]
Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO	The following table summarizes residential mortgage loans outstanding by loan type: December 31, 2023 2022 Outstanding Face Amount Carrying Loan 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 % 5.9 72,425 Acquired non-performing loans (C) 26,381 21,839 326 8.5 % 5.6 28,602 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 % 16.4 890,131 Acquired non-performing loans (C)(D) 220,962 204,950 1,135 4.6 % 25.2 340,342 Originated loans 1,816,318 1,856,312 5,850 7.1 % 29.4 2,066,798 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 Portfolio Loan % of Portfolio Weighted Average Yield Weighted 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% Bridge 1,009,667 45.3 % 652 47.6 % 9.6 % 26.5 68.8% Renovation 289,115 12.9 % 349 25.4 % 10.0 % 13.5 80.5% / 68.6% $ 2,232,913 100.0 % 1,372 100.0 % 10.1 % 20.4 N/A December 31, 2022 Construction $ 965,495 46.8 % 622 37.1 % 8.3 % 15.0 76.8% / 65.6% Bridge 838,539 40.6 % 701 41.8 % 8.1 % 20.1 75.3% Renovation 259,994 12.6 % 354 21.1 % 8.3 % 13.0 78.0% / 66.1% $ 2,064,028 100.0 % 1,677 100.0 % 8.2 % 16.5 N/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 advances 1,438,117 Construction holdbacks and draws 559,294 Paydowns and payoffs (1,405,278) Purchased loans discount (premium) amortization (43,867) Balance at December 31, 2022 $ 2,064,028 Purchases 146,631 Initial loan advances 1,380,187 Construction holdbacks and draws 667,656 Paydowns and payoffs (2,025,890) Purchased loans discount (premium) amortization 668 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 Receivable Loans Receivable Total Balance at December 31, 2021 $ 60,549 $ 229,631 $ 290,180 Fundings 9,000 — 9,000 Payment in Kind 3,741 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.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans	The following table summarizes the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount December 31, State Concentration 2023 2022 Texas 9.5 % 8.9 % Florida 9.3 % 10.9 % California 8.3 % 10.2 % New York 8.0 % 6.8 % Georgia 4.9 % 4.2 % New Jersey 3.9 % 3.8 % Virginia 3.6 % 2.7 % Illinois 3.5 % 3.6 % Maryland 3.3 % 3.1 % North Carolina 3.2 % 2.5 % Other U.S. 42.5 % 43.3 % 100.0 % 100.0 %
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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB 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.
Schedule of Loans Held For Sale, Fair Value	The following table summarizes the activity for residential mortgage loans: Loans Held-for-Investment, at Fair Value Loans Held-for-Sale, at Lower of Cost or Fair Value Loans Held-for-Sale, at Fair Value Total Balance at December 31, 2021 $ 569,933 $ 132,921 $ 11,214,924 $ 11,917,778 Originations — — 67,406,228 67,406,228 Sales — (4,426) (81,648,703) (81,653,129) Purchases/additional fundings 7,182 — 6,880,225 6,887,407 Proceeds from repayments (80,661) (17,777) (394,613) (493,051) Transfer of loans to other assets (A) — — (25,375) (25,375) Transfer of loans to REO (4,956) (1,386) (752) (7,094) Transfers of loans to held-for-sale (1,580) — — (1,580) Transfers of loans to from held-for-investment — — 1,582 1,582 Valuation provision on loans — (8,305) — (8,305) Fair value adjustments due to: Changes in instrument-specific credit risk (33,086) — (36,204) (69,290) Other factors (4,313) — (100,041) (104,354) Balance at December 31, 2022 $ 452,519 $ 101,027 $ 3,297,271 $ 3,850,817 Originations — — 37,123,264 37,123,264 Sales — (6,946) (38,207,803) (38,214,749) Purchases/additional fundings 1,269 — 375,435 376,704 Proceeds from repayments (51,195) (10,773) (181,166) (243,134) Transfer of loans to other assets (A) — 286 11,376 11,662 Transfer of loans to REO (7,148) (2,858) (1,459) (11,465) Transfers of loans to held-for-sale (30,556) — — (30,556) Transfers of loans to from held-for-investment — — 30,556 30,556 Valuation (provision) reversal on loans — (1,859) — (1,859) Fair value adjustments due to: Changes in instrument-specific credit risk 7,540 — 4,639 12,179 Other factors 6,615 — 9,752 16,367 Balance at December 31, 2023 $ 379,044 $ 78,877 $ 2,461,865 $ 2,919,786 (A) Represents loans for which foreclosure has been completed and for which Rithm Capital has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are grouped and presented as part of claims receivable in other assets (Note 14).
Schedule of Net Interest Income	The following table summarizes the net interest income for residential mortgage loans: December 31, 2023 2022 2021 Interest income: Loans held-for-investment, at fair value $ 34,658 $ 45,287 $ 44,369 Loans held-for-sale, at lower of cost or fair value 5,804 6,898 23,280 Loans held-for-sale, at fair value 159,233 211,238 260,062 Total interest income 199,695 263,423 327,711 Interest expense: Loans held-for-investment, at fair value 18,893 17,583 16,919 Loans held-for-sale, at lower of cost or fair value 3,615 3,402 21,333 Loans held-for-sale, at fair value (A) 161,901 181,071 159,413 Total interest expense 184,409 202,056 197,665 Net interest income $ 15,286 $ 61,367 $ 130,046 (A) Includes interest expense attributed to SFR properties in the years ended December 31, 2022 and December 31, 2021.
Schedule of Originated Mortgage Loans	The following table summarizes the components of gain on originated residential mortgage loans, held-for-sale, net: Year Ended December 31, 2023 2022 2021 Gain (loss) on residential mortgage loans originated and sold, net (A) $ (417,180) $ (1,106,458) $ 460,062 Gain (loss) on settlement of residential mortgage loan origination derivative instruments (B) 73,476 1,285,219 240,610 MSRs retained on transfer of residential mortgage loans (C) 786,655 1,222,742 1,331,626 Other (D) 14,622 33,551 107,249 Realized gain on sale of originated residential mortgage loans, net $ 457,573 $ 1,435,054 $ 2,139,547 Change in fair value of residential mortgage loans 99,877 (271,530) (137,503) Change in fair value of interest rate lock commitments (Note 18) 15,018 (102,992) (293,699) Change in fair value of derivative instruments (Note 18) (64,034) 25,700 118,564 Gain on originated residential mortgage loans, held-for-sale, net $ 508,434 $ 1,086,232 $ 1,826,909 (A) Includes residential mortgage loan origination fees of $0.4 billion, $0.6 billion and $2.3 billion in the years ended December 31, 2023, 2022 and 2021, respectively. (B) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (C) Represents the initial fair value of the capitalized MSRs upon loan sales with servicing retained. (D) Includes fees for services associated with the residential mortgage loan origination process.

CONSUMER LOANS (Tables)

CONSUMER LOANS (Tables)	12 Months Ended
CONSUMER LOANS (Tables)	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of the Investment in Consumer Loan Companies	The following table summarizes characteristics of the consumer loan portfolio, inclusive of the SpringCastle loans and Marcus loans: UPB Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) December 31, 2023 SpringCastle $ 260,102 $ 285,632 18.2 % 3.7 Marcus $ 1,048,672 $ 988,373 10.5 % 1.2 Total consumer loans $ 1,308,774 $ 1,274,005 12.0 % 1.7 December 31, 2022 SpringCastle $ 330,428 $ 363,756 17.8 % 3.4 Marcus $ — $ — — % — Total consumer loans $ 330,428 $ 363,756 17.8 % 3.4
Schedule Of Consumer Loans, Held-For-Investment	The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of consumer loans: December 31, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB Carrying Value (A) Carrying Value Over (Under) UPB SpringCastle Current $ 255,441 $ 280,577 $ 25,136 $ 325,192 $ 358,057 $ 32,865 90+ 4,661 5,055 394 5,236 5,699 463 Total SpringCastle $ 260,102 $ 285,632 $ 25,530 $ 330,428 $ 363,756 $ 33,328 Marcus Current $ 1,014,404 $ 956,076 $ (58,328) $ — $ — $ — 90+ 34,268 32,297 (1,971) — — — Total Marcus $ 1,048,672 $ 988,373 $ (60,299) $ — $ — $ — $ 1,308,774 $ 1,274,005 $ (34,769) $ 330,428 $ 363,756 $ 33,328 (A) Consumer loans are carried at fair value. See Note 20 regarding fair value measurements.
Schedule of Carrying Value of Performing Consumer Loans	The following table summarizes activities related to the carrying value of consumer loans: Balance at December 31, 2021 $ 507,291 Purchases — Additional fundings (A) 29,615 Proceeds from repayments (150,301) Accretion of loan discount and premium amortization, net 13,891 Fair value adjustments due to: Changes in instrument-specific credit risk 1,540 Other factors (38,280) Balance at December 31, 2022 $ 363,756 Purchases 1,317,347 Additional fundings (A) 27,510 Proceeds from repayments (446,124) Accretion of loan discount and premium amortization, net 37,717 Fair value adjustments due to: Changes in instrument-specific credit risk 957 Other factors (27,158) Balance at December 31, 2023 $ 1,274,005 (A) Represents draws on consumer loans with revolving privileges.

SINGLE-FAMILY RENTAL PROPERTI_2

SINGLE-FAMILY RENTAL PROPERTIES (Tables)	12 Months Ended
SINGLE-FAMILY RENTAL PROPERTIES (Tables)	Dec. 31, 2023
Real Estate [Abstract]
Schedule of Single-Family Rental Properties	The following table summarizes the net carrying value of investments in SFR properties: December 31, 2023 2022 Land $ 183,359 $ 175,607 Building 733,437 702,427 Capital improvements 138,869 118,999 Total gross investment in SFR properties 1,055,665 997,033 Accumulated depreciation (53,737) (25,720) Investment in SFR properties, net $ 1,001,928 $ 971,313
Schedule of Activity in Single-Family Rental Properties	The following table summarizes the activity related to the net carrying value of investments in SFR properties: SFR Properties Held- for-Investment SFR Properties Held- for-Sale Total Balance at December 31, 2021 $ 579,607 $ — $ 579,607 Acquisitions and capital improvements 415,858 — 415,858 Dispositions (5,242) — (5,242) Accumulated depreciation (18,910) — (18,910) Balance at December 31, 2022 $ 971,313 $ — $ 971,313 Acquisitions and capital improvements 67,013 — 67,013 Transfers to held-for-sale (9,747) 9,747 — Dispositions (250) (7,990) (8,240) Accumulated depreciation (27,972) (186) (28,158) Balance at December 31, 2023 $ 1,000,357 $ 1,571 $ 1,001,928 The following table summarizes the activity of the SFR portfolio by units: SFR Properties Held- for-Investment SFR Properties Held- for-Sale Total Balance at December 31, 2021 2,551 — 2,551 Acquisition of SFR units 1,196 — 1,196 Disposition of SFR units (16) — (16) Balance at December 31, 2022 3,731 — 3,731 Acquisition of SFR units 182 — 182 Transfer to held-for-sale (30) 30 — Disposition of SFR units (1) (24) (25) Balance at December 31, 2023 3,882 6 3,888
Schedule of Future Minimum Rental Revenues	The following table summarizes our future minimum rental revenues under existing leases on SFR properties: 2024 $ 39,942 2025 and thereafter $ 2,399 Total $ 42,341

MORTGAGE LOANS RECEIVABLE (Tabl

MORTGAGE LOANS RECEIVABLE (Tables)	12 Months Ended
MORTGAGE LOANS RECEIVABLE (Tables)	Dec. 31, 2023
Receivables [Abstract]
Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO	The following table summarizes residential mortgage loans outstanding by loan type: December 31, 2023 2022 Outstanding Face Amount Carrying Loan 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 % 5.9 72,425 Acquired non-performing loans (C) 26,381 21,839 326 8.5 % 5.6 28,602 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 % 16.4 890,131 Acquired non-performing loans (C)(D) 220,962 204,950 1,135 4.6 % 25.2 340,342 Originated loans 1,816,318 1,856,312 5,850 7.1 % 29.4 2,066,798 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 Portfolio Loan % of Portfolio Weighted Average Yield Weighted 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% Bridge 1,009,667 45.3 % 652 47.6 % 9.6 % 26.5 68.8% Renovation 289,115 12.9 % 349 25.4 % 10.0 % 13.5 80.5% / 68.6% $ 2,232,913 100.0 % 1,372 100.0 % 10.1 % 20.4 N/A December 31, 2022 Construction $ 965,495 46.8 % 622 37.1 % 8.3 % 15.0 76.8% / 65.6% Bridge 838,539 40.6 % 701 41.8 % 8.1 % 20.1 75.3% Renovation 259,994 12.6 % 354 21.1 % 8.3 % 13.0 78.0% / 66.1% $ 2,064,028 100.0 % 1,677 100.0 % 8.2 % 16.5 N/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 advances 1,438,117 Construction holdbacks and draws 559,294 Paydowns and payoffs (1,405,278) Purchased loans discount (premium) amortization (43,867) Balance at December 31, 2022 $ 2,064,028 Purchases 146,631 Initial loan advances 1,380,187 Construction holdbacks and draws 667,656 Paydowns and payoffs (2,025,890) Purchased loans discount (premium) amortization 668 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 Receivable Loans Receivable Total Balance at December 31, 2021 $ 60,549 $ 229,631 $ 290,180 Fundings 9,000 — 9,000 Payment in Kind 3,741 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB 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.
Schedule of Geographic Distribution of Mortgage Loans Receivable	The following table summarizes the geographic distribution of the underlying mortgage loans receivable as of December 31, 2023: Percentage of Total Loan Commitment State Concentration December 31, 2023 December 31, 2022 California 48.2 % 52.7 % Washington 7.9 % 10.2 % Florida 7.3 % 6.3 % New York 6.5 % 5.9 % Colorado 5.0 % 6.7 % Arizona 4.7 % 6.6 % Virginia 3.5 % 0.7 % Texas 2.5 % 1.9 % Georgia 2.4 % 0.8 % Illinois 2.3 % 0.5 % Other U.S. 9.7 % 7.7 % 100.0 % 100.0 %

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	12 Months Ended
CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Summary of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Rithm Capital’s Consolidated Balance Sheets to the total of the such same amounts shown in the Consolidated Statements of Cash Flows: December 31, 2023 2022 Cash and cash equivalents $ 1,287,199 $ 1,336,508 Restricted cash 385,620 281,126 Total cash, cash equivalents and restricted cash $ 1,672,819 $ 1,617,634
Summary of Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Rithm Capital’s Consolidated Balance Sheets to the total of the such same amounts shown in the Consolidated Statements of Cash Flows: December 31, 2023 2022 Cash and cash equivalents $ 1,287,199 $ 1,336,508 Restricted cash 385,620 281,126 Total cash, cash equivalents and restricted cash $ 1,672,819 $ 1,617,634 The following table summarizes restricted cash balances: December 31, 2023 2022 Investment Portfolio $ 144,169 $ 94,508 Origination and servicing 195,490 161,249 Mortgage loans receivable 37,805 25,369 Asset management 8,156 — Total restricted cash $ 385,620 $ 281,126

OTHER ASSETS AND LIABILITIES (T

OTHER ASSETS AND LIABILITIES (Tables)	12 Months Ended
OTHER ASSETS AND LIABILITIES (Tables)	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 Assets Accrued Expenses December 31, December 31, 2023 2022 2023 2022 Assets of consolidated funds $ 340,929 $ — Accounts payable $ 165,144 $ 155,492 Deferred tax asset 279,019 — Accrued compensation and benefits 290,464 112,762 Derivative and hedging assets (Note 18) 28,080 52,229 Deferred tax liability 801,857 711,855 Due from related parties 32,319 — Derivative liabilities (Note 18) 115,531 18,064 Equity investments (A) 173,882 71,388 Escheat payable 169,914 113,772 Excess MSRs, at fair value (Note 5) 271,150 321,803 Interest payable 149,552 87,700 Goodwill (Note 16) (B) 131,857 85,199 Lease liability (Note 17) 159,236 101,225 Income and fees receivable 59,134 — Liabilities of consolidated funds 219,920 — Intangible assets (Note 16) 387,920 141,413 Unearned income and fees 37,468 — Loan Receivable, at fair value (C) 31,323 94,401 Other liabilities 223,293 185,797 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 receivables 152,046 146,131 Prepaid expenses 62,513 60,817 Principal and interest receivable 161,695 106,608 Property and equipment 40,038 37,883 Real Estate Owned 15,507 19,379 Servicer advances, at fair value (Note 7) 376,881 398,820 Servicing fee receivables 156,777 128,438 Warrants, at fair value 16,599 19,346 Other assets 182,881 132,809 $ 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)
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 Purchases 210 Property received in satisfaction of loan 14,936 Sales (A) (18,349) Valuation (provision) reversal 941 Balance at December 31, 2022 $ 19,379 Purchases — Property received in satisfaction of loan 21,943 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, 2023 2022 Outstanding Face Amount Carrying Loan 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 % 5.9 72,425 Acquired non-performing loans (C) 26,381 21,839 326 8.5 % 5.6 28,602 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 % 16.4 890,131 Acquired non-performing loans (C)(D) 220,962 204,950 1,135 4.6 % 25.2 340,342 Originated loans 1,816,318 1,856,312 5,850 7.1 % 29.4 2,066,798 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 Portfolio Loan % of Portfolio Weighted Average Yield Weighted 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% Bridge 1,009,667 45.3 % 652 47.6 % 9.6 % 26.5 68.8% Renovation 289,115 12.9 % 349 25.4 % 10.0 % 13.5 80.5% / 68.6% $ 2,232,913 100.0 % 1,372 100.0 % 10.1 % 20.4 N/A December 31, 2022 Construction $ 965,495 46.8 % 622 37.1 % 8.3 % 15.0 76.8% / 65.6% Bridge 838,539 40.6 % 701 41.8 % 8.1 % 20.1 75.3% Renovation 259,994 12.6 % 354 21.1 % 8.3 % 13.0 78.0% / 66.1% $ 2,064,028 100.0 % 1,677 100.0 % 8.2 % 16.5 N/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 advances 1,438,117 Construction holdbacks and draws 559,294 Paydowns and payoffs (1,405,278) Purchased loans discount (premium) amortization (43,867) Balance at December 31, 2022 $ 2,064,028 Purchases 146,631 Initial loan advances 1,380,187 Construction holdbacks and draws 667,656 Paydowns and payoffs (2,025,890) Purchased loans discount (premium) amortization 668 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 Receivable Loans Receivable Total Balance at December 31, 2021 $ 60,549 $ 229,631 $ 290,180 Fundings 9,000 — 9,000 Payment in Kind 3,741 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value Carrying Value Over (Under) UPB UPB Carrying Value Carrying 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, 2023 2022 Days Past Due UPB Carrying Value (A) Carrying Value Over (Under) UPB UPB 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.

EXPENSES, REALIZED AND UNREAL_2

EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER (Tables)	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Other Revenues	Other Revenues consists of the following: Year Ended December 31, 2023 2022 2021 Property and maintenance $ 133,424 $ 132,432 $ 104,797 Rental 73,216 54,567 13,745 Other 29,527 43,906 46,937 Total other revenues $ 236,167 $ 230,905 $ 165,480
Schedule of General and Administrative Expenses	General and Administrative expenses consists of the following: Year Ended December 31, 2023 2022 2021 Legal and professional $ 103,795 $ 78,837 $ 102,114 Loan origination 45,123 108,149 196,989 Occupancy 55,883 116,526 70,616 Subservicing 130,346 162,972 224,138 Loan servicing 16,185 11,759 16,440 Property and maintenance 97,582 93,689 69,083 Other 281,838 303,496 184,648 Total general and administrative expenses $ 730,752 $ 875,428 $ 864,028
Schedule of Components of Other Income (Loss)	The following table summarizes the components of other income (loss): Year Ended December 31, 2023 2022 2021 Real estate and other securities $ 39,362 $ (1,499,418) $ (490,180) Residential mortgage loans and REO 19,861 (160,985) 270,492 Derivative and hedging instruments (54,342) 1,468,931 126,222 Notes and bonds payable (12,843) 45,792 11,506 Other (A) (29,274) (54,501) (125,477) Realized and unrealized gains (losses), net $ (37,236) $ (200,181) $ (207,437) Other income (loss), net (69,010) (145,385) 3,241 Total other income (loss) $ (106,246) $ (345,566) $ (204,196) (A) Includes excess MSRs, servicer advance investments, consumer loans and other.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the carrying value of goodwill by reportable segment: Origination and Servicing Investment Portfolio Mortgage Loans Receivable Asset Management Total Balance at December 31, 2021 $ 24,376 $ 5,092 $ 55,731 $ — $ 85,199 Goodwill acquired — — — — — Accumulated impairment loss — — — — — Balance at December 31, 2022 $ 24,376 $ 5,092 $ 55,731 $ — $ 85,199 Goodwill acquired (A) — — — 46,658 46,658 Accumulated impairment loss — — — — — Balance at December 31, 2023 $ 24,376 $ 5,092 $ 55,731 $ 46,658 $ 131,857 (A) Refer to Note 3 for discussion regarding the Sculptor Acquisition.
Schedule of Acquired Intangible Assets	The following table presents the details of identifiable intangible assets acquired: Estimated Useful Life Amount Management contracts 10 $ 275.0 Total identifiable intangible assets $ 275.0 Estimated Useful Life Amount Purchased technology 7 $ 38,545 Trademarks/trade names 1 2,483 Total identifiable intangible assets $ 41,028 Estimated Useful Life Amount Customer relationships 9 $ 44,700 Trade name 5 5,900 License Indefinite 5,500 Total identifiable intangible assets $ 56,100 The following table summarizes the acquired identifiable intangible assets: As of December 31, Estimated Useful Lives (Years) 2023 2022 Gross Intangible Assets Management contracts 10 $ 275,000 $ — Customer relationships 3 to 9 57,949 57,949 Purchased technology 3 to 7 137,922 120,787 Trademarks / Trade names 1 to 5 10,259 10,259 481,130 188,995 Accumulated Amortization Management contracts 3,388 — Customer relationships 17,834 12,960 Purchased technology 67,145 30,959 Trademarks / Trade names 4,843 3,663 93,210 47,582 Intangible Assets, Net Management contracts 271,612 — Customer relationships 40,115 44,989 Purchased technology (A) 70,777 89,828 Trademarks / Trade names (B) 5,416 6,596 $ 387,920 $ 141,413 (A) Includes indefinite-lived intangible assets of $21.4 million and $21.4 million, respectively. (B) Includes indefinite-lived intangible assets of $1.9 million and $1.9 million, respectively.
Schedule of Intangible Assets, Future Amortization Expense	The following table summarizes the expected future amortization expense for acquired intangible assets as of December 31, 2023: Year Ending Amortization Expense 2024 $ 55,220 2025 53,103 2026 44,983 2027 36,009 2028 and thereafter $ 175,364 $ 364,679

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Dec. 31, 2023
Leases [Abstract]
Schedule of Future Commitments for Non-Cancelable Leases	The table below summarizes the future commitments under the non-cancelable leases: Year Ending Operating Leases Finance Leases Total 2024 $ 41,305 $ 228 $ 41,533 2025 33,617 228 33,845 2026 26,982 228 27,210 2027 27,111 228 27,339 2028 23,818 — 23,818 2029 and thereafter 37,271 — 37,271 Total remaining undiscounted lease payments 190,104 912 191,016 Less: imputed interest 31,680 100 31,780 Total remaining discounted lease payments $ 158,424 $ 812 $ 159,236
Schedule of Future Commitments for Non-Cancelable Leases	The table below summarizes the future commitments under the non-cancelable leases: Year Ending Operating Leases Finance Leases Total 2024 $ 41,305 $ 228 $ 41,533 2025 33,617 228 33,845 2026 26,982 228 27,210 2027 27,111 228 27,339 2028 23,818 — 23,818 2029 and thereafter 37,271 — 37,271 Total remaining undiscounted lease payments 190,104 912 191,016 Less: imputed interest 31,680 100 31,780 Total remaining discounted lease payments $ 158,424 $ 812 $ 159,236
Other Information Related to Operating Leases	Other information related to leases is summarized below: December 31, 2023 2022 Weighted-average remaining lease term (years) Operating leases 5.8 5.7 Finance leases 3.5 - Weighted-average discount rate Operating leases 6.2 % 4.0 % Finance leases 7.9 % — % Year Ended December 31, Supplemental Information 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 34,655 $ 51,005 $ 24,667 Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets: Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,449 $ 5,773 $ 3,013

DERIVATIVES AND HEDGING (Tables

DERIVATIVES AND HEDGING (Tables)	12 Months Ended
DERIVATIVES AND HEDGING (Tables)	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives	Derivatives and hedges are recorded at fair value on the Consolidated Balance Sheets as follows: December 31, Balance Sheet Location 2023 2022 Derivative and hedging assets Interest rate swaps (A) Other assets $ 106 $ 449 Interest rate lock commitments Other assets 26,482 16,015 TBAs Other assets 1,492 35,765 $ 28,080 $ 52,229 Derivative and hedging liabilities Interest rate lock commitments Accrued expenses and other liabilities $ 2,678 $ 7,229 TBAs Accrued expenses and other liabilities 49,087 10,835 Treasury short sales (B) Accrued expenses and other liabilities 63,766 — $ 115,531 $ 18,064 (A) Net of $342.0 million and $1.2 billion of related variation margin accounts as of December 31, 2023 and 2022, respectively. (B) Net of $1.8 billion and $0.0 billion of related reverse repurchase agreements as of December 31, 2023 and 2022, respectively. The following table summarizes notional amounts related to derivatives and hedging: December 31, 2023 2022 Interest rate swaps (A) $ 7,979,988 $ 23,085,000 Interest rate lock commitments 2,757,060 2,647,747 Treasury short sales (B) 1,800,000 — TBAs, short position (C) 6,013,100 8,473,221 TBAs, long position (C) — 31,500 (A) Includes $8.0 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 2.5% and $0.0 billion notional of receive fixed of 0.0%/pay SOFR with weighted average maturities of 32 months and 0 months, respectively, as of December 31, 2023. Includes $23.1 billion notional of receive SOFR/pay fixed of 1.9% and $0.0 billion notional of receive fixed of 0.0%/pay SOFR with weighted average maturities of 35 months and 0 months, respectively, as of December 31, 2022. (B) Represents the notional amount of U.S. Treasury Notes sold short. Carrying value of Treasury short sales is net of $1.8 billion notional and carrying value of reverse repurchase agreements. (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes gain (loss) on derivatives and hedging and the related location on the Consolidated Statements of Operations: Year Ended December 31, 2023 2022 2021 Servicing revenue, net (A) TBAs $ — $ (15,205) $ 10,483 Treasury futures — (1,746) (23,961) Options on treasury futures — 5,635 (17,003) — (11,316) (30,481) Gain on originated residential mortgage loans, held-for-sale, net (A) Interest rate lock commitments 15,018 (102,992) (293,699) TBAs (62,924) 25,700 118,564 Interest rate swaps (1,110) — — (49,016) (77,292) (175,135) Realized and unrealized gains (losses), net (B)(C) Interest rate swaps 20,990 1,159,777 162,730 TBAs (7,326) 309,154 (36,508) Treasury short sales (68,006) — — (54,342) 1,468,931 126,222 Total gain (loss) $ (103,358) $ 1,380,323 $ (79,394) (A) Represents unrealized gain (loss). (B) Excludes $0.0 million loss, $79.0 million loss, and $34.7 million loss for the year ended December 31, 2023, 2022 and 2021, respectively, included within servicing revenue, net (Note 6). (C) Excludes $73.5 million gain, $1.3 billion gain and $240.6 million gain for the year ended December 31, 2023, 2022 and 2021, respectively, included within gain on originated residential mortgage loans, held-for-sale, net (Note 9).

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	12 Months Ended
DEBT OBLIGATIONS (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The following table summarizes Secured Financing Agreements, Secured Notes and Bonds Payable, and debt obligations related to consolidated funds: December 31, 2023 December 31, 2022 Collateral Debt Obligations/Collateral (C) Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Secured Financing Agreements Warehouse Credit Facilities-Residential Mortgage Loans (D) $ 1,940,295 $ 1,940,038 Jan-24 to Nov-25 6.8 % 0.6 $ 2,201,857 $ 2,315,385 $ 2,235,311 21.5 $ 2,601,327 Warehouse Credit Facility- Mortgage Loans Receivable (E) 1,337,010 1,337,010 May-24 to Dec-25 8.2 % 1.7 1,610,728 1,609,242 1,609,242 1.2 1,220,662 Agency RMBS or Treasuries (F) 8,152,469 8,152,469 Jan-24 to Jul-24 5.5 % 0.2 8,588,624 8,415,294 8,566,211 8.2 6,821,788 Non-Agency RMBS (E) 610,189 610,189 Jan-24 to Oct-28 7.6 % 0.8 15,285,491 932,248 958,292 6.1 609,282 SFR Properties (E) 20,534 20,534 Dec-24 8.2 % 1.0 N/A 47,433 47,433 N/A 4,677 CLOs (G) 186,378 183,947 Jan-30 to Jul-35 6.4 % 8.9 186,378 184,112 184,112 8.9 — Commercial Notes Receivable 323,452 317,096 Dec-24 6.5 % 0.9 429,240 364,977 364,977 N/A — Total Secured Financing Agreements 12,570,327 12,561,283 6.1 % 0.6 11,257,736 Secured Notes and Bonds Payable Excess MSRs (E) 181,522 181,522 Oct-25 8.7 % 1.8 60,049,904 235,395 272,308 6.1 227,596 MSRs (H) 4,807,776 4,800,728 Dec-24 to Nov-27 7.5 % 1.9 522,025,042 6,367,520 8,340,171 7.5 4,791,543 Servicer Advance Investments (I) 278,845 278,042 Mar-24 to Aug-24 7.5 % 0.2 314,442 353,113 367,803 8.2 318,445 Servicer Advances (I) 2,254,515 2,254,369 Feb-24 to Sep-25 7.7 % 0.4 2,856,680 2,760,250 2,760,250 0.7 2,361,259 Residential Mortgage Loans (J) 650,000 650,000 May-24 6.5 % 0.4 649,978 651,948 652,059 29.2 769,988 Consumer Loans (K) 1,134,666 1,106,974 Jun-28 to Sep 37 7.0 % 4.2 1,308,774 1,269,872 1,274,005 1.7 299,498 SFR Properties (L) 833,386 789,174 Mar-26 to Sep-27 4.1 % 3.3 N/A 952,923 952,923 N/A 817,695 Mortgage Loans Receivable (M) 524,062 518,998 Jul 26 to Dec-26 5.7 % 2.8 578,314 578,314 578,314 1.0 512,919 Secured Facility- Asset Management 75,000 69,121 Nov-25 8.8 % 1.8 N/A N/A N/A N/A — CLOs (G) 30,458 30,258 May-30 to Oct-34 7.1 % 6.7 30,458 30,425 30,425 6.7 — Total Secured Notes and Bonds Payable 10,770,230 10,679,186 7.1 % 1.9 0 10,098,943 Liabilities of Consolidated Funds (N) Consolidated funds (O) 222,250 218,157 May-37 5.0 % 4.8 205,723 N/A 203,794 N/A — Total / Weighted Average $ 23,562,807 $ 23,458,626 6.6 % 1.2 $ 21,356,679 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through the date of issuance were refinanced, extended or repaid. (C) Includes approximately $142.3 million of associated accrued interest payable as of December 31, 2023. (D) Includes $233.9 million which bear interest at an average fixed rate of 5.0% with the remaining having SOFR-based floating interest rates. (E) All SOFR-based floating interest rates. (F) All repurchase agreements have a fixed rate. Collateral carrying value includes margin deposits. (G) All SOFR- or Euro Interbank Offered Rate (EURIBOR)-based floating interest rate. (H) Includes $3.8 billion of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to SOFR and (ii) a margin ranging from 2.5% to 3.7%; and $1.0 billion of MSR notes with fixed interest rates ranging 3.0% to 5.4%. The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and MSR financing receivables securing these notes. (I) Includes debt bearing interest equal to the sum of (i) a floating rate index equal to SOFR and (ii) a margin ranging from 1.5% to 3.7%. Collateral includes servicer advance investments, as well as servicer advances receivable related to the MSRs and MSR financing receivables owned by NRM and the Mortgage Company. (J) Represents $650.0 million securitization backed by a revolving warehouse facility to finance newly originated first-lien, fixed- and adjustable-rate residential mortgage loans which bears interest equal to SOFR plus 1.2%. Collateral carrying value includes cash held in the securitization trust required to meet collateral requirements. (K) Includes (i) SpringCastle debt, which is primarily composed of the following classes of asset-backed notes held by third parties: $205.2 million UPB of Class A notes with a coupon of 2.0% and $53.0 million of Class B notes with a coupon of 2.7% and (ii) $871.2 million of debt collateralized by the Marcus loans bearing interest at the sum of SOFR plus a margin of 3.0%. (L) Includes $833.4 million of fixed rate notes which bear interest ranging from 3.5% to 7.1%. (M) Includes $238.1 million which bear interest at an average fixed rate of 4.6% with the remaining having SOFR-based floating interest rates. (N) Included within accrued expenses and other liabilities in the Consolidated Balance Sheets (Note 14). (O) Includes $120.0 million UPB of Class A notes with a fixed coupon of 4.3%, $70.0 million UPB of Class B notes with a fixed coupon of 5.3%, $15.0 million UPB of Class C notes with a fixed coupon of 6.3%, and $17.3 million UPB of Subordinated notes, held within consolidated funds (Note 21). Weighted average life is based off expected maturity. The following table summarizes activities related to the carrying value of debt obligations: Servicer Advances and Excess MSRs (A) MSRs Commercial Notes Receivable Real Estate and Other Securities Residential Mortgage Loans and REO Consumer Loans SFR Properties Mortgage Loans Receivable Asset Management Total Balance at December 31, 2021 $ 2,949,526 $ 4,234,771 $ — $ 9,043,412 $ 10,940,823 $ 458,580 $ 357,922 $ 1,252,660 $ — $ 29,237,694 Secured Financing Agreements Borrowings — — — 54,385,892 73,782,327 — 206,595 2,080,495 — 130,455,309 Repayments — — — (55,998,234) (81,320,424) — (360,433) (2,112,492) — (139,791,583) Capitalized deferred financing costs, net of amortization — — — — 1,128 — — — — 1,128 Secured Notes and Bonds Payable Borrowings 2,804,677 2,027,637 — — — — 879,947 524,062 — 6,236,323 Repayments (2,849,496) (1,473,037) — — (33,204) (123,770) (216,631) — — (4,696,138) Discount on borrowings, net of amortization — — — — — — (42,030) — — (42,030) Unrealized (gain) loss on notes, fair value — — — — 665 (35,312) — (11,144) — (45,791) Capitalized deferred financing costs, net of amortization 2,593 2,172 — — — — (2,998) — — 1,767 Balance at December 31, 2022 $ 2,907,300 $ 4,791,543 $ — $ 7,431,070 $ 3,371,315 $ 299,498 $ 822,372 $ 1,733,581 $ — $ 21,356,679 Secured Financing Agreements Acquired borrowings, net of discount (Note 3) — — — — — — — — 177,551 177,551 Borrowings — — 323,452 50,253,463 37,971,788 — 20,534 2,572,154 — 91,141,391 Repayments — — — (48,921,875) (38,634,841) — (4,677) (2,455,805) (718) (90,017,916) FX remeasurement — — — — — — 7,114 7,114 Capitalized deferred financing costs, net of amortization — — (6,356) — 1,764 — — — — (4,592) Secured Notes and Bonds Payable Acquired borrowings, net of discount (Note 3) — — — — — — 99,232 99,232 Borrowings 2,757,587 4,156,358 — — 1,185,612 — — 405 8,099,962 Repayments (2,954,228) (4,148,588) — (116,730) (381,718) (35,690) — — (7,636,954) FX remeasurement — — — — — — — — (1,008) (1,008) Unrealized (gain) loss on notes, fair value — — — (3,258) 8,818 — 6,078 — 11,638 Capitalized deferred financing costs, net of amortization 3,274 1,415 — — (5,236) 7,169 — 750 7,372 Liabilities of Consolidated Funds (B) Acquired borrowings, net of discount — — — — — — — — 218,746 218,746 Unrealized (gain) loss on notes, fair value — — — — — — — — (589) (589) Balance at December 31, 2023 $ 2,713,933 $ 4,800,728 $ 317,096 $ 8,762,658 $ 2,590,038 $ 1,106,974 $ 809,708 $ 1,856,008 $ 501,483 $ 23,458,626 (A) Rithm Capital net settles daily borrowings and repayments of the secured notes and bonds payable on its servicer advances. (B) Included within accrued expenses and other liabilities in the Consolidated Balance Sheets (Note 14).
Schedule of Contractual Maturities of Debt Obligations	Contractual maturities of debt obligations as of December 31, 2023 are as follows: Year Ending Nonrecourse (A) Recourse (B) Total 2024 3,726,128 12,050,512 15,776,640 2025 287,753 3,724,031 4,011,784 2026 — 1,595,894 1,595,894 2027 734,737 420,000 1,154,737 2028 and thereafter 1,573,752 — 1,573,752 $ 6,322,370 $ 17,790,437 $ 24,112,807 (A) Includes secured financing agreements, secured notes and bonds payable, and unsecured notes net of issuance costs of $0.9 billion, $5.2 billion, and $0.2 billion, respectively. (B) Includes secured financing agreements, secured notes and bonds payable, and unsecured notes net of issuance costs of $11.7 billion, $5.6 billion, and $0.5 billion, respectively.
Schedule of Borrowing Capacity	The following table represents borrowing capacity as of December 31, 2023: Debt Obligations/ Collateral Borrowing Capacity Balance Outstanding Available Financing (A) Secured Financing Agreements Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable $ 6,433,613 $ 2,200,908 $ 4,232,705 Loan originations 5,246,552 1,420,382 3,826,170 CLOs 320,810 186,378 134,432 Secured Notes and Bonds Payable Excess MSRs 286,380 181,521 104,859 MSRs 5,997,814 4,807,776 1,190,038 Servicer advances 3,805,000 2,533,360 1,271,640 SFR 296,762 195,411 101,351 Consolidated funds 52,500 — 52,500 $ 22,439,431 $ 11,525,736 $ 10,913,695 (A)
Schedule of Debt Redemption
Schedule of Tax Receivable Agreement Estimated Undiscounted Future Payments	The table below presents the Company’s estimate as of December 31, 2023, of the maximum undiscounted amounts that would be payable under the TRA using the assumptions described above. In light of the numerous factors affecting Sculptor’s obligation to make such payments, the timing and amounts of any such actual payments may differ materially from those presented in the table. The impact of any net operating losses is included in the “Thereafter” amount in the table below. Year Ending Potential Payments Under Tax Receivable Agreement 2024 $ 11,591 2025 29,819 2026 17,374 2027 18,994 2028 and thereafter 190,143 $ 267,921

FAIR VALUE MEASURMENTS (Tables)

FAIR VALUE MEASURMENTS (Tables)	12 Months Ended
FAIR VALUE MEASURMENTS (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Financial Assets and Liabilities Recorded at Fair Value on a Recurring Basis	The carrying values and fair values of assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of December 31, 2023 were as follows: Principal Balance or Notional Amount Carrying Value Fair Value Level 1 Level 2 Level 3 NAV Total Assets: Excess MSRs (A) $ 60,049,904 $ 271,150 $ — $ — $ 271,150 $ — $ 271,150 MSRs and MSR financing receivables (A) 528,434,509 8,405,938 — — 8,405,938 — 8,405,938 Servicer advance investments 320,630 376,881 — — 376,881 — 376,881 Real estate and other securities (B) 27,635,692 9,782,217 24,566 8,533,130 1,224,534 — 9,782,230 Residential mortgage loans, held-for-sale 94,336 78,877 — — 78,877 — 78,877 Residential mortgage loans, held-for-sale, at fair value 2,460,924 2,461,865 — 2,327,528 134,337 — 2,461,865 Residential mortgage loans, held-for-investment, at fair value 448,060 379,044 — — 379,044 — 379,044 Residential mortgage loans subject to repurchase 1,782,998 1,782,998 — 1,782,998 — — 1,782,998 Consumer loans 1,308,774 1,274,005 — — 1,274,005 — 1,274,005 Derivative assets 11,188,206 28,080 — 1,598 26,482 — 28,080 Mortgage loans receivable (C) 2,232,913 2,232,913 — 353,595 1,879,318 — 2,232,913 Note receivable 534,463 398,227 — — 398,227 — 398,227 Loans receivable 31,323 31,323 — — 31,323 — 31,323 Cash, cash equivalents and restricted cash 1,672,819 1,672,819 1,672,819 — — — 1,672,819 Investments of consolidated funds (E) 323,973 321,856 — — — 321,856 321,856 Other assets N/A 61,902 — — 61,902 — 61,902 $ 29,560,095 $ 1,697,385 $ 12,998,849 $ 14,542,018 $ 321,856 $ 29,560,108 Liabilities: Secured financing agreements $ 12,570,327 $ 12,561,283 $ — $ 12,377,336 $ 184,112 $ — $ 12,561,448 Secured notes and bonds payable (D) 10,770,230 10,679,186 — 318,998 10,685,782 — 11,004,780 Unsecured senior notes, net of issuance costs 814,739 719,004 — — 708,328 — 708,328 Residential mortgage loan repurchase liability 1,782,998 1,782,998 — 1,782,998 — — 1,782,998 Derivative liabilities 7,361,942 115,531 63,766 49,087 2,678 — 115,531 Notes payable of consolidated funds (E) 222,250 218,157 — — 218,157 — 218,157 $ 26,076,159 $ 63,766 $ 14,528,419 $ 11,799,057 $ — $ 26,391,242 (A) The notional amount represents the total UPB of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. Rithm Capital does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. (B) Includes U.S. Treasury Bills classified as Level 1 and held at amortized cost basis of $24.6 million (see Note 8). (C) Includes Rithm Capital’s economic interests in the VIEs consolidated and accounted for under the CFE election. As of December 31, 2023, the fair value of Rithm Capital’s interests in the mortgage loans receivable securitization was $46.3 million. (D) Includes SCFT 2020-A (as defined below) and 2022-RTL1 Securitization (as defined below) mortgage-backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $554.8 million as of December 31, 2023. (E) Represents notes issued by a consolidated VIE accounted for under the CFE election. The carrying values and fair values of assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of December 31, 2022 were as follows: Principal Balance or Notional Amount Carrying Value Fair Value Level 1 Level 2 Level 3 Total Assets: Excess MSRs (A) $ 67,454,370 $ 321,803 $ — $ — $ 321,803 $ 321,803 MSRs and MSR financing receivables (A) 539,897,324 8,889,403 — — 8,889,403 8,889,403 Servicer advance investments 341,628 398,820 — — 398,820 398,820 Real estate and other securities 25,370,934 8,289,277 — 7,338,417 950,860 8,289,277 Residential mortgage loans, held-for-sale 117,847 101,027 — — 101,196 101,196 Residential mortgage loans, held-for-sale, at fair value 3,387,888 3,297,271 — 3,035,894 261,377 3,297,271 Residential mortgage loans, held-for-investment, at fair value 538,710 452,519 — — 452,519 452,519 Residential mortgage loans subject to repurchase 1,219,890 1,219,890 — 1,219,890 — 1,219,890 Consumer loans 330,428 363,756 — — 363,756 363,756 Derivative assets 33,174,574 52,229 — 36,214 16,015 52,229 Mortgage loans receivable (B) 2,064,028 2,064,028 — 349,975 1,714,053 2,064,028 Note receivable 63,114 — — — — — Loans receivable 94,631 94,401 — — 94,401 94,401 Cash and cash equivalents 1,336,508 1,336,508 1,336,508 — — 1,336,508 Restricted cash 281,126 281,126 281,126 — — 281,126 Other assets (C) N/A 23,370 — — 23,370 23,370 $ 27,185,428 $ 1,617,634 $ 11,980,390 $ 13,587,573 $ 27,185,597 Liabilities: Secured financing agreements $ 11,260,242 $ 11,257,737 $ — $ 11,257,737 $ — $ 11,257,737 Secured notes and bonds payable (D) 10,200,390 10,098,942 — — 9,911,778 9,911,778 Unsecured senior notes, net of issuance costs 545,056 545,056 — — 493,064 493,064 Residential mortgage loan repurchase liability 1,219,890 1,219,890 — 1,219,890 — 1,219,890 Derivative liabilities 1,062,894 18,064 — 10,835 7,229 18,064 $ 23,139,689 $ — $ 12,488,462 $ 10,412,071 $ 22,900,533 (A) The notional amount represents the total UPB of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. Rithm Capital does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. (B) Includes Rithm Capital’s economic interests in the VIEs consolidated and accounted for under the CFE election. As of December 31, 2022, the fair value of Rithm Capital’s interests in the mortgage loans receivable securitization was $45.8 million. (C) Excludes the indirect equity investment in a commercial redevelopment project accounted for at fair value on a recurring basis based on the net asset value (“NAV”) of Rithm Capital’s investment. The investment had a fair value of $23.8 million as of December 31, 2022. (D) Includes SCFT 2020-A and 2022-RTL1 Securitization mortgage-backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $632.4 million as of December 31, 2022.
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs	The following table summarizes assets measured at fair value on a recurring basis using Level 3 inputs: Level 3 Excess MSRs (A)(B) MSRs and MSR Financing Receivables (A) Servicer Advance Investments Non-Agency Securities Derivatives (C) Residential Mortgage Loans Consumer Loans Notes and Loans Receivable Mortgage Loans Receivable Total Balance at December 31, 2021 $ 344,947 $ 6,858,803 $ 421,807 $ 951,942 $ 111,778 $ 2,423,337 $ 507,291 $ 290,180 $ 1,515,762 $ 13,425,847 Transfers Transfers from Level 3 — — — — — (1,279,709) — (1,000) (445,403) (1,726,112) Transfers to Level 3 — — — — — 313,559 — — — 313,559 Gain (loss) included in net income Credit losses on securities (D) — — — (710) — — — — — (710) Servicing revenue, net (E) — 817,691 — — — — — — — 817,691 Change in fair value of: Excess MSRs (D) (2,962) — — — — — — — — (2,962) Excess MSRs, equity method investees (D) 1,526 — — — — — — — — 1,526 Real estate securities — — (9,950) — — — — — — (9,950) Servicer advance investments — — — (16,076) — — — — — (16,076) Consumer loans — — — — — — (36,740) — — (36,740) Residential mortgage loans — — — — — (124,359) — — — (124,359) Gain (loss) on settlement of investments, net 107 — — (1,560) — — — — (43,868) (45,321) Other income (loss), net (D) (65) — — — (102,992) (35,020) — (64,459) — (202,536) Gains (losses) included in OCI (F) — — — (45,709) — — — — — (45,709) Interest income 38,035 — 42,005 15,114 — — 13,891 12,936 — 121,981 Purchases, sales and repayments Purchases, net (G) — (967) 988,847 256,500 — 2,099,549 29,615 9,000 — 3,382,544 Proceeds from sales (997) (8,866) — (11,960) — (2,405,531) — — — (2,427,354) Proceeds from repayments (58,788) — (1,043,889) (196,681) — (272,224) (150,301) (152,256) (1,234,444) (3,108,583) Originations and other — 1,222,742 — — — (5,706) — — 1,922,006 3,139,042 Balance at December 31, 2022 $ 321,803 $ 8,889,403 $ 398,820 $ 950,860 $ 8,786 $ 713,896 $ 363,756 $ 94,401 $ 1,714,053 $ 13,455,778 Transfers Transfers from Level 3 — — — — — (41,430) — — (357,614) (399,044) Transfers to Level 3 — — — — — 22,565 — — — 22,565 Acquisitions (Note 3) — — — 216,229 — — — — — 216,229 Gain (loss) included in net income Credit losses on securities (D) — — — 2,951 — — — — — 2,951 Servicing revenue, net (E) — (565,684) — — — — — — — (565,684) Change in fair value of: Excess MSRs (D) (12,712) — — — — — — — — (12,712) Servicer advance investments — — 8,049 — — — — — — 8,049 Consumer loans — — — — — — (26,201) — — (26,201) Residential mortgage loans — — — — — 14,911 — — — 14,911 Gain (loss) on settlement of investments, net 615 — — — — — — — 615 Other income (loss), net (D) (348) — — 20,934 15,018 44,694 — 231 (367) 80,162 Gains (losses) included in OCI (F) — — — 13,118 — — — — — 13,118 Interest income 18,310 — 22,180 27,207 — — 37,717 5,636 — 111,050 Purchases, sales and repayments Purchases, net (G) — — 852,015 130,971 — 38,992 1,317,347 399,977 146,631 2,885,933 Proceeds from sales (4,212) (704,436) — — — (252,183) 27,510 — — (933,321) Proceeds from repayments (52,306) — (904,183) (137,736) — (91,249) (446,124) (70,695) (1,671,896) (3,374,189) Originations and other — 786,655 — — — 63,185 — — 2,048,511 2,898,351 Balance at December 31, 2023 $ 271,150 $ 8,405,938 $ 376,881 $ 1,224,534 $ 23,804 $ 513,381 $ 1,274,005 $ 429,550 $ 1,879,318 $ 14,398,561 (A) Includes the recapture agreement for each respective pool, as applicable. (B) Amounts include Rithm Capital’s portion of the Excess MSRs held by the respective joint ventures in which Rithm Capital has a 50% interest. (C) For the purpose of this table, the IRLC asset and liability positions are shown net. (D) Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 assets still held at the reporting dates and realized gain (loss) recorded during the period. (E) See Note 6 for further details on the components of servicing revenue, net. (F) Gain (loss) included in unrealized gain (loss) on available-for-sale securities, net in the Consolidated Statements of Comprehensive Income. (G) Net of purchase price adjustments and purchase price fully reimbursable from MSR sellers as a result of prepayment protection.
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs	Liabilities measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Asset-Backed Securities Issued Notes Payable of Consolidated Funds Total Balance at December 31, 2021 $ 511,107 $ — $ 511,107 Gains (losses) included in net income Other income (A) (34,647) — (34,647) Purchases, sales and payments Payments (156,974) — (156,974) Balance at December 31, 2022 $ 319,486 $ — $ 319,486 Gains (losses) included in net income Other income (A) 5,560 (589) 4,971 Purchases, sales and payments Sculptor Acquisition (Note 3) — 218,746 218,746 Payments (89,276) — (89,276) Balance at December 31, 2023 $ 235,770 $ 218,157 $ 453,927 (A) Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 liabilities still held at the reporting dates and realized gain (loss) recorded during the period.
Schedule of Measurement Inputs and Valuation Techniques	The following table summarizes certain information regarding the ranges and weighted averages of inputs used: December 31, 2023 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held 2.4% – 12.2% (6.5%) 0.2% – 8.8% (4.3%) —% – 91.1% (55.2%) 1 – 55 (20) 11 – 27 (20) Excess MSRs Held through Investees 6.3% – 9.0% (7.8%) 2.2% – 5.6% (3.5%) 45.1% – 64.3% (59.0%) 16 – 25 (21) 14 – 21 (18) MSRs and MSR Financing Receivables (G) Agency 0.6% – 83.7% (7.3%) 0.0% – 100.0% (2.3%) — (H) 6 – 104 (27) 0 – 40 (23) Non-Agency 0.3% – 83.4% (12.2%) 0.9% – 83.3% (23.2%) — (H) 3 – 242 (46) 0 – 40 (21) Ginnie Mae 5.0% – 81.9% (10.5%) 0.3% – 80.0% (9.7%) — (H) 19 – 82 (43) 1 – 39 (27) Total / Weighted Average—MSRs and MSR Financing Receivables 0.3% – 83.7% (8.6%) 0.0% – 100.0% (6.1%) — (H) 3 – 242 (33) 0 – 40 (24) December 31, 2022 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held 2.8% – 13.5% (7.3%) 0.2% – 10.1% (3.6%) —% – 91.4% (55.4%) 6 – 31 (19) 11 – 29 (21) Excess MSRs Held through Investees 8.4% – 11% (9.4%) 2.9% – 5.4% (3.9%) 45.4% – 64% (58.7%) 15 – 26 (21) 15 – 22 (19) MSRs and MSR Financing Receivables (G) Agency 2.6% – 97.8% (8.0%) 0.1% – 66.7% (2.0%) — (H) 7 – 104 (30) 0 – 39 (23) Non-Agency 1.3% – 93.2% (15.0%) 1.0% – 75.0% (21.1%) — (H) 2 – 216 (46) 0 – 36 (24) Ginnie Mae 2.8% – 81.2% (10.3%) 0.2% – 80.0% (8.9%) — (H) 11 – 86 (41) 0 – 39 (27) Total / Weighted Average—MSRs and MSR Financing Receivables 1.3% – 97.8% (9.2%) 0.1% – 80.0% (5.3%) — (H) 2 – 216 (34) 0 – 39 (24) (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss a mortgage payment. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (“bps”). As of December 31, 2023 and 2022, weighted average costs of subservicing of $6.38 – $7.08 ($6.99) and $6.80 – $7.00 ($6.90), respectively, per loan per month was used to value the agency MSRs. Weighted average costs of subservicing of $7.50 – $9.57 ($9.16) and $7.30 – $17.20 ($8.70), respectively, per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. Weighted average cost of subservicing of $8.37 and $8.30 – $8.40 ($8.30), respectively, per loan per month was used to value the Ginnie Mae MSRs. (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. (H) Recapture is not considered a significant input for MSRs and MSR financing receivables. The following table summarizes the estimated change in fair value of our interests in the Agency MSRs, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 5,333,013 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,757,003 $ 5,537,037 $ 5,143,139 $ 4,966,298 Change in estimated fair value: Amount $ 423,990 $ 204,024 $ (189,874) $ (366,715) Percentage 8.0 % 3.8 % (3.6) % (6.9) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,563,978 $ 5,443,232 $ 5,232,375 $ 5,138,726 Change in estimated fair value: Amount $ 230,965 $ 110,219 $ (100,638) $ (194,287) Percentage 4.3 % 2.1 % (1.9) % (3.6) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 5,421,739 $ 5,380,879 $ 5,278,297 $ 5,217,507 Change in estimated fair value: Amount $ 88,726 $ 47,866 $ (54,716) $ (115,506) Percentage 1.7 % 0.9 % (1.0) % (2.2) % The following table summarizes the estimated change in fair value of our interests in the Non-Agency MSRs, including MSR financing receivables, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 678,913 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 748,078 $ 711,922 $ 648,681 $ 620,917 Change in estimated fair value: Amount $ 69,165 $ 33,009 $ (30,232) $ (57,996) Percentage 10.2 % 4.9 % (4.5) % (8.5) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 717,516 $ 697,670 $ 661,047 $ 644,005 Change in estimated fair value: Amount $ 38,603 $ 18,757 $ (17,866) $ (34,908) Percentage 5.7 % 2.8 % (2.6) % (5.1) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 712,026 $ 696,250 $ 660,167 $ 640,286 Change in estimated fair value: Amount $ 33,113 $ 17,337 $ (18,746) $ (38,627) Percentage 4.9 % 2.6 % (2.8) % (5.7) % The following table summarizes the estimated change in fair value of our interests in the Ginnie Mae MSRs, owned as of December 31, 2023 given several parallel shifts in the discount rate, prepayment rate and delinquency rate (dollars in thousands): Fair value at December 31, 2023 $ 2,394,012 Discount rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,584,318 $ 2,485,472 $ 2,309,232 $ 2,230,420 Change in estimated fair value: Amount $ 190,306 $ 91,460 $ (84,780) $ (163,592) Percentage 7.9 % 3.8 % (3.5) % (6.8) % Prepayment rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,535,281 $ 2,460,736 $ 2,332,802 $ 2,277,856 Change in estimated fair value: Amount $ 141,269 $ 66,724 $ (61,210) $ (116,156) Percentage 5.9 % 2.8 % (2.6) % (4.9) % Delinquency rate shift in % -20% -10% 10% 20% Estimated fair value $ 2,568,437 $ 2,484,912 $ 2,297,211 $ 2,195,842 Change in estimated fair value: Amount $ 174,425 $ 90,900 $ (96,801) $ (198,170) Percentage 7.3 % 3.8 % (4.0) % (8.3) % Rithm Capital’s real estate and other securities valuation methodology and results are detailed below. Treasury securities are valued using market-based prices published by the U.S. Department of the Treasury and are classified as Level 1. Fair Value Asset Type Outstanding Face Amount Amortized Cost Basis Multiple Quotes (A) Single Quote (B) Total Level December 31, 2023 Agency $ 8,590,260 $ 8,417,025 $ 8,533,130 $ — $ 8,533,130 2 Non-Agency 19,020,432 1,194,391 990,646 233,888 1,224,534 3 Total $ 27,610,692 $ 9,611,416 $ 9,523,776 $ 233,888 $ 9,757,664 December 31, 2022 Agency $ 7,463,522 $ 7,290,473 $ 7,338,417 $ — $ 7,338,417 2 Non-Agency 17,907,412 947,346 950,846 14 950,860 3 Total $ 25,370,934 $ 8,237,819 $ 8,289,263 $ 14 $ 8,289,277 (A) Rithm Capital generally obtains pricing service quotations or broker quotations from two sources, one of which is generally the seller (the party that sold Rithm Capital the security) for Non-Agency securities. Rithm Capital evaluates quotes received, determines one as being most representative of fair value and does not use an average of the quotes. Even if Rithm Capital receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because it believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases, for Non-Agency securities, there is a wide disparity between the quotes Rithm Capital receives. Rithm Capital believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on Rithm Capital’s own fair value analysis, it selects one of the quotes which is believed to more accurately reflect fair value. Rithm Capital has not adjusted any of the quotes received in the periods presented. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to purchase the security at the quoted price. Rithm Capital’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable. The third-party pricing services and brokers engaged by Rithm Capital (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of securities. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. Rithm Capital has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, Rithm Capital creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by Rithm Capital and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance. For 46.8% and 50.4% of Non-Agency securities as of December 31, 2023 and December 31, 2022, respectively, the ranges and weighted averages of assumptions used by Rithm Capital’s valuation providers are summarized in the table below. The assumptions used by Rithm Capital’s valuation providers with respect to the remainder of Non-Agency securities were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) December 31, 2023 $ 572,604 4.1% – 33.5% (6.2%) 0.0% – 20.0% (11.3%) 0.0% – 8.0% (1.1%) 0.0% – 45.0% (20.6%) December 31, 2022 $ 479,406 3.5% – 15.0% (6.5%) 0.0% – 25.0% (11.1%) 0.0% – 12.0% (0.6%) 0.0% – 88.0% (10.3%) (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding balance of the loans in default. (B) Rithm Capital was unable to obtain quotations from more than one source on these securities. The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing residential mortgage loans held-for-sale, at fair value classified as Level 3 as of December 31, 2023: Performing Loans Fair Value Discount Rate Prepayment Rate CDR Loss Severity Acquired loans $ 45,545 7.9% – 8.3% (8.2%) 2.0% – 9.8% (5.9%) 1.3% – 5.9% (2.3%) 12.6% – 57.4% (29.0%) Originated loans (A) 33,249 7.3% 8.9% 3.6% 20.7% Residential mortgage loans held-for-sale, at fair value $ 78,794 Non-Performing Loans Fair Value Discount Rate Annual change in home prices Liquidation Timeline Current Value of Underlying Properties Acquired loans $ 18,944 7.7% – 8.2% (8.1%) 3.5% – 7.2% (5.9%) 5.5 – 11.0 (6.5) 235.7% – 896.0% (297.0%) Originated loans (A) 7,049 7.3% N/A 7.6 N/A Residential mortgage loans held-for-sale, at fair value $ 25,993 (A) Includes inputs for 55.5% and 70.6% of originated performing and non-performing loans, respectively, classified as Level 3. The remainder of performing and non-performing loans were priced using dealer price quotes and historical sale transactions for similar loans with a range of 50.7% - 100.0% (85.7%). The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing residential mortgage loans held-for-sale, at fair value classified as Level 3 as of December 31, 2022: Performing Loans Fair Value Discount Rate Prepayment Rate CDR Loss Severity Acquired $ 52,467 8.5% – 8.7% (8.5%) 9.3% – 11.4% (9.7%) 4.3% – 8.3% (5.0%) 20.0% – 37.1% (24.1%) Originated 183,985 N/A N/A N/A N/A Residential mortgage loans held-for-sale, at fair value $ 236,452 Non-Performing Loans Fair Value Discount Rate Annual change in home prices Liquidation Timeline Current Value of Underlying Properties Acquired $ 20,759 8.7% – 55.9% (9.0%) 33.2% – 55.9% (40.7%) 2.2 – 3.8 (2.8) 191.6% – 260.6% (214.5%) Originated 4,166 N/A N/A N/A N/A Residential mortgage loans held-for-sale, at fair value $ 24,925 The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing residential mortgage loans held-for-investment, at fair value classified as Level 3: Fair Value Discount Rate Prepayment Rate CDR Loss Severity December 31, 2023 $ 379,044 7.9% – 8.3% (8.1%) 2.9% – 3.5% (3.2%) 1.4% – 5.9% (4.3%) 24.4% – 57.4% (46.1%) December 31, 2022 $ 452,519 3.8% – 8.7% (8.5%) 9.3% – 16.3% (12.3%) 0.1% – 13.7% (6.7%) 23.2% – 55.0% (40.3%) Fair Value Discount Rate Prepayment Rate CDR Loss Severity (A) SpringCastle $ 285,632 8.4% – 9.4% (8.6%) 9.7% – 37.3% (17.0%) 1.7% – 7.1% (4.8%) 82.5% - 100.0% (93.3%) Marcus 988,373 9.5% 22.5% 6.2% 93.0% Consumer loans held-for-investment, at fair value $ 1,274,005 The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing consumer loans held-for-investment, at fair value classified as Level 3 as of December 31, 2022: Fair Value Discount Rate Prepayment Rate CDR Loss Severity (A) SpringCastle $ 363,756 8.3% – 9.3% (8.6%) 6.8% – 33.2% (28.7%) 0.0% – 7.1% (4.3%) 89.4% – 100.0% (94.7%) (A) Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of realized loss relative to the outstanding loan balance in default. Fair Value Discount Rate Prepayment Rate CDR Loss Severity December 31, 2023 $ 114,366 11.0% —% 1.8% – 2.5% (2.2%) 25.0% The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing IRLCs: Fair Value Loan Funding Probability Fair Value of Initial Servicing Rights (bps) December 31, 2023 $ 23,804 0.0% – 100.0% (80.8%) 7.0 – 331.3 (210.5) December 31, 2022 $ 8,786 0.0% – 100.0% (82.5%) (150.2) – 324.6 (185.6) The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing asset-backed securities issued: Fair Value Discount Rate Prepayment Rate CDR Loss Severity December 31, 2023 $ 235,770 6.0% 17.0% 4.8% 93.3% December 31, 2022 $ 319,486 3.3% – 6.3% (6.1%) 13.7% – 21.8% (21.3%) 0.1% – 4.2% (3.9%) 44.0% – 94.7% (91.6%) The following table summarizes certain information regarding the carrying value and significant inputs used in valuing Rithm Capital’s notes and loans receivable: Fair Value Discount Rate December 31, 2023 Notes Receivable (A) $ 398,227 N/A Loans Receivable 31,323 12.6 % Total / weighted average $ 429,550 December 31, 2022 Notes Receivable $ — N/A Loans Receivable 94,401 16.1 % Total / weighted average $ 94,401 (A)
Schedule of Certain Information Regarding the Inputs used in Valuing the Servicer Advances	The following table summarizes certain information regarding the ranges and weighted averages of significant inputs used in valuing the servicer advance investments, including the basic fee component of the related MSRs: Significant Inputs Outstanding Prepayment Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Collateral Weighted Average Maturity (Years) (C) December 31, 2023 1.1% – 2.1% (2.1%) 2.8% – 4.5% (4.4%) 3.3% – 25.8% (25.3%) 18.2 – 19.9 (19.8) bps 6.2% – 6.7% (6.2%) 21.8 December 31, 2022 1.2% – 2.2% (2.1%) 3.4% – 4.6% (4.6%) 3.4% – 19.6% (19.1%) 18.0 – 19.8 (19.8) bps 5.7% – 6.2% (5.7%) 21.9 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 10.8 bps and 10.8 bps which represent the amounts Rithm Capital paid its servicers as a monthly servicing fee as of December 31, 2023 and 2022, respectively. (C) Weighted average maturity of the underlying residential mortgage loans in the pool.
Summary of Fair Value of Investments Of the Structured Alternative Investment Solution	The following table summarizes the fair value of the investments by fund type and ability to redeem such investments as of December 31, 2023: Fund Type (A) Fair Value Redemption Frequency Redemption Notice Period Open-ended $ 228,698 Monthly - Annually (B) 30 days - 90 days (B) Close-ended $ 93,158 None (C) N/A Total $ 321,856 (A) The structured alternative investment solution invests in both open-ended and close-ended funds. The investments in each fund may represent investments in a particular tranche of such fund subject to different withdrawal rights. (B) $164.1 million of investments are subject to an initial lock-up period of three years during which time withdrawals or redemptions are limited. Once the lock-up period ends, the investments can be redeemed with the frequency noted above. (C) 100% of these investments cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately 6 to 9 years from inception.
Schedule of Inputs Used in Valuing Residential Mortgage Loans	The following table summarizes the inputs used in valuing these residential mortgage loans: Fair Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) December 31, 2023 Performing loans $ 57,038 6.1% – 8.3% (8.1%) 5.0 – 7.9 (5.9) 2.0% – 6.6% (3.7%) 2.6% – 5.9% (3.1%) 30.5% – 57.4% (37.3%) Non-performing loans 21,839 7.7% – 9.1% (8.5%) 4.3 – 11.0 (5.7) 2.5% – 2.9% (2.7%) 1.4% – 13.9% (6.8%) 24.4% – 44.4% (32.9%) Total / weighted average $ 78,877 8.2% 5.8 3.4% 4.2% 36.1% December 31, 2022 Performing loans $ 72,595 5.3% – 8.7% (8.5%) 5.0 – 7.2 (5.2) 9.3% – 11.4% (9.4%) 4.3% – 8.3% (4.5%) 20.0% – 37.1% (23.9%) Non-performing loans 19,219 8.7% – 9.1% (8.9%) 2.2 – 3.8 (2.9) 16.3% – 31.1% (24.6%) 13.7% – 27.5% (21.5%) 39.5% – 39.8% (39.6%) Total / weighted average $ 91,814 8.6% 4.7 12.6% 8.0% 27.2% (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance. (C)

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
VARIABLE INTEREST ENTITIES (Tables)	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The tables below present the carrying value and classification of the assets and liabilities of consolidated VIEs on the Consolidated Balance Sheets: December 31, 2023 Advance Purchaser Newrez Joint Ventures Residential Mortgage Loans Consumer Loan Companies Mortgage Loans Receivable Consolidated Funds Total Assets Servicer advance investments, at fair value $ 367,803 $ — $ — $ — $ — $ — $ 367,803 Residential mortgage loans, held-for-sale, at fair value — — 1,112,097 — — — 1,112,097 Consumer loans — — — 285,632 — — 285,632 Mortgage loans receivable — — — — 353,594 — 353,594 Cash and cash equivalents 5,381 18,159 — — — — 23,540 Restricted cash 8,273 — 6,113 6,301 7,572 — 28,259 Other assets 9 688 — 4,325 4,531 340,929 350,482 Total Assets $ 381,466 $ 18,847 $ 1,118,210 $ 296,258 $ 365,697 $ 340,929 $ 2,521,407 Liabilities Secured notes and bonds payable (A) 274,404 — 996,845 235,770 318,998 — 1,826,017 Accrued expenses and other liabilities 2,606 2,240 5,382 1,507 372 219,920 232,027 Total Liabilities $ 277,010 $ 2,240 $ 1,002,227 $ 237,277 $ 319,370 $ 219,920 $ 2,058,044 December 31, 2022 Assets Servicer advance investments, at fair value $ 387,675 $ — $ — $ — $ — $ — $ 387,675 Residential mortgage loans, held-for-investment, at fair value — — 22,699 — — — 22,699 Residential mortgage loans, held-for-sale, at fair value — — 844,000 — — — 844,000 Consumer loans — — — 363,756 — — 363,756 Mortgage loans receivable — — — — 349,975 — 349,975 Cash and cash equivalents 34,084 28,404 23,473 — — — 85,961 Restricted cash 7,433 — 7,547 6,652 9,368 — 31,000 Other assets 9 1,026 165,975 5,253 (238) — 172,025 Total Assets $ 429,201 $ 29,430 $ 1,063,694 $ 375,661 $ 359,105 $ — $ 2,257,091 Liabilities Secured financing agreements (A) — — 51,325 — — — 51,325 Secured notes and bonds payable (A) 313,093 — 768,959 299,498 312,918 — 1,694,468 Accrued expenses and other liabilities 1,928 4,306 25,381 1,144 349 — 33,108 Total Liabilities $ 315,021 $ 4,306 $ 845,665 $ 300,642 $ 313,267 $ — $ 1,778,901 (A) The creditors of the VIEs do not have recourse to the general credit of Rithm Capital, and the assets of the VIEs are not directly available to satisfy Rithm Capital’s obligations. The following table summarizes the carrying value of the Company’s unconsolidated real estate bonds retained pursuant to required risk retention regulations which reflects the Company’s maximum exposure to loss, as well as the UPB of transferred loans. These bonds are grouped and presented as part of real estate and other securities on the Consolidated Balance Sheets: As of and for the 2023 2022 Residential mortgage loan UPB and other collateral $ 10,901,751 $ 12,035,403 Weighted average delinquency (A) 4.20% 4.70% Net credit losses $ 163,125 $ 139,908 Face amount of debt held by third parties (B) $ 9,857,607 $ 11,050,277 Carrying value of bonds retained by Rithm Capital (C)(D) $ 963,953 $ 933,189 Cash flows received by Rithm Capital on these bonds $ 155,972 $ 214,941 (A) Represents the percentage of the UPB that is 60+ days delinquent. (B) Excludes bonds retained by Rithm Capital. (C) Includes bonds retained pursuant to required risk retention regulations. (D) Classified within Level 3 of the fair value hierarchy as the valuation is based on certain unobservable inputs including discount rate, prepayment rates and loss severity. See Note 20 for details on unobservable inputs. The following table summarizes the Company’s involvement with VIEs that are not consolidated related to the asset management business. The Company’s involvement is generally limited to providing asset management services and, in certain cases, investments in the VIEs. The maximum exposure to loss represents the potential loss of current investments or income and fees receivables from these entities, as well as the obligation to repay unearned revenues, primarily incentive income subject to clawback, in the event of any future fund losses, as well as unfunded commitments to certain funds that are VIEs. The Company does not provide, nor is it required to provide, any type of non-contractual financial or other support to its VIEs that are not consolidated beyond its share of capital commitments. As of and for the 2023 2022 Net assets of unconsolidated VIEs in which the Company has a variable interest $ 12,782,124 $ — Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs: Unearned income and fees 37,468 — Income and fees receivable 43,250 — Investments 533,026 — Unfunded commitments (A) 207,575 — Maximum Exposure to Loss $ 821,319 $ — (A) Includes commitments from certain employees and executive managing directors in the amounts of $97.5 million and $0.0 million as of December 31, 2023 and December 31, 2022, respectively. The following table summarizes the carrying value of the Company’s unconsolidated commercial real estate projects which reflects the Company’s maximum exposure to loss. See Note 23 regarding certain guarantees provided in connection with the investments. These investments are grouped and presented as part of Equity investments within other assets on the Consolidated Balance Sheets: December 31, 2023 2022 Carrying value of commercial real estate held within unconsolidated VIEs $ 66,652 $ — Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs $ 29,210 $ —
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	Others’ interests in the equity of consolidated subsidiaries is computed as follows: December 31, 2023 December 31, 2022 Total Consolidated Equity Others' Ownership Interest Others' Interest in Equity of Consolidated Subsidiary Total Consolidated Equity Others' Ownership Interest Others' Interest in Equity of Consolidated Subsidiary Advance Purchaser (A) $ 104,458 10.7 % $ 11,157 $ 114,180 10.7 % $ 12,193 Newrez Joint Ventures $ 16,607 49.5 % $ 8,220 $ 25,124 49.5 % $ 12,437 Consumer Loan Companies $ 72,361 46.5 % $ 33,748 $ 91,263 46.5 % $ 42,437 Others’ interests in the net income (loss) is computed as follows: Year Ended December 31, 2023 2022 2021 Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Net income (loss) Others’ ownership interest as a percent of total Others’ interest in net income (loss) of consolidated subsidiaries Advance Purchaser (A) $ 7,978 10.7 % $ 852 $ 26,685 10.7 % $ 2,850 $ (13,937) 12.9 % $ (1,800) Newrez Joint Ventures $ 1,174 49.5 % $ 581 $ 5,487 49.5 % $ 2,716 $ 22,839 49.5 % $ 11,298 Consumer Loan Companies $ 14,235 46.5 % $ 6,619 $ 49,892 46.5 % $ 23,200 $ 51,307 46.5 % $ 23,858 (A) Rithm Capital owned 89.3% of Advance Purchaser as of the years ended December 31, 2023, 2022 and 2021. Noncontrolling interests related to Sculptor represents the ownership interests in certain funds held by entities or persons other than the Company. These interests substantially relate to interests held by employees in real estate funds managed by the Company adjusted for their capital activity and allocated earnings in such funds. The employees’ portion of carried interest is expensed and recorded within compensation and benefits on the Consolidated Statements of Operations, and therefore excluded in the calculation of noncontrolling interests. As of December 31, 2023, others’ interest in the net equity of consolidated subsidiaries related to Sculptor was $41.0 million.

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	12 Months Ended
EQUITY AND EARNINGS PER SHARE (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Preferred Shares	The table below summarizes preferred shares: Number of Shares Liquidation Preference (A) Dividends Declared per Share December 31, Year Ended December 31, Series 2023 2022 2023 2022 Issuance Discount Carrying Value (B) 2023 2022 2021 Series A, 7.50% issued July 2019 (C) $ 6,200 $ 6,200 $ 155,002 $ 155,002 3.15 % $ 149,822 $ 1.88 $ 1.88 $ 1.88 Series B, 7.125% issued August 2019 (C) 11,261 11,261 281,518 281,518 3.15 % 272,654 1.78 1.78 1.78 Series C, 6.375% issued February 2020 (C) 15,903 15,903 397,584 397,584 3.15 % 385,289 1.59 1.59 1.59 Series D, 7.00% issued September 2021 (D) 18,600 18,600 465,000 465,000 3.15 % 449,489 1.75 1.75 0.72 Total $ 51,964 $ 51,964 $ 1,299,104 $ 1,299,104 $ 1,257,254 $ 7.00 $ 7.00 $ 5.97 (A) Each series has a liquidation preference or par value of $25.00 per share. (B) Carrying value reflects par value less discount and issuance costs. (C) Fixed-to-floating rate cumulative redeemable preferred. (D) Fixed-rate reset cumulative redeemable preferred.
Schedule of Dividends Declared	Common dividends have been declared as follows: Per Share Declaration Date Payment Date Quarterly Dividend Total Amounts Distributed (millions) September 22, 2022 October 2022 0.25 118.4 December 15, 2022 January 2023 0.25 118.6 March 17, 2023 April 2023 0.25 120.8 June 23, 2023 July 2023 0.25 120.8 September 14, 2023 October 2023 0.25 120.8 December 12, 2023 January 2024 0.25 120.8
Schedule of Warrants	The table below summarizes the 2020 Warrants activity in 2023: Number of Warrants Adjusted Weighted Average Exercise Price Initial Adjusted (A) December 31, 2022 22.4 25.6 6.1 Granted — — — Exercised (B) (22.4) (25.6) 6.1 Expired — — — December 31, 2023 — — (A) Reflects the incremental number of additional common stock issuable upon exercise of warrants in accordance with the warrant agreement. (B) The warrants were exercised on a cashless basis, using the market price of the Company’s common stock on February 17, 2023, which was the last trading day preceding the date of exercise of the warrants, resulting in the issuance of approximately 9.3 million shares of the Company’s common stock on February 23, 2023.
Summary of Outstanding Options	The following table summarizes outstanding options for the periods presented: December 31, 2023 2022 Held by the Former Manager 21,471,990 21,471,990 Issued to the independent directors 2,000 5,000 Total 21,473,990 21,476,990 The following table summarizes outstanding options as of December 31, 2023. The last sales price on the New York Stock Exchange for Rithm Capital’s common stock for the year ended December 31, 2023 was $10.68 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of December 31, 2023 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of December 31, 2023 (millions) Directors Various 2,000 2,000 $ 10.70 $ — Former Manager 2017 1,130,916 1,130,916 12.84 — Former Manager 2018 5,320,000 5,320,000 15.57 — Former Manager 2019 6,351,000 6,351,000 14.95 — Former Manager 2020 1,619,739 1,619,739 16.30 — Former Manager 2021 7,050,335 6,861,363 9.36 9.05 Outstanding 21,473,990 21,285,018 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise prices are subject to adjustment in connection with return of capital dividends. The following table summarizes activity in outstanding options: Number of Options Weighted Average Exercise Price December 31, 2021 21,478,990 Granted — $ — Exercised — — Expired (2,000) 13.20 December 31, 2022 21,476,990 Granted — — Exercised — — Expired (3,000) 14.24 December 31, 2023 21,473,990 See table above
Schedule of Restricted Stock Awards	The table below summarizes the Company’s awards granted, forfeited or vested under the 2013 Plan and the 2023 Plan during the year ended December 31, 2023: Number of Shares Weighted-Average Grant Date Price RSAs RSUs PSUs Total RSAs RSUs PSUs Unvested Shares at December 31, 2022 578,034 — — 578,034 $ 8.65 $ — $ — Granted — 4,442,741 2,430,658 6,873,399 — 10.41 9.52 Accrued RSU and PSU dividend equivalents (A) — 204,703 262,582 467,285 — 10.41 9.52 Vested (192,678) — — (192,678) 8.65 — — Forfeited — (23,003) (46,006) (69,009) — 9.52 9.52 Unvested Shares at December 31, 2023 (A) 385,356 4,624,441 2,647,234 7,657,031 (A) Number of PSUs assumes maximum levels of performance are achieved for outstanding unvested PSU awards.
Schedule of Basic and Diluted Earnings Per Share	The following table summarizes the basic and diluted earnings per share calculations: Year Ended December 31, 2023 2022 2021 Net income (loss) $ 630,674 $ 983,285 $ 805,582 Noncontrolling interests in income of consolidated subsidiaries 8,417 28,766 33,356 Dividends on preferred stock 89,579 89,726 66,744 Net income (loss) attributable to common stockholders $ 532,678 $ 864,793 $ 705,482 Basic weighted average shares of common stock outstanding 481,934,951 468,836,718 451,276,742 Dilutive effect of stock options, restricted stock, common stock purchase warrants, RSUs and PSUs (A)(B) 1,781,764 12,799,407 16,388,264 Diluted weighted average shares of common stock outstanding 483,716,715 481,636,125 467,665,006 Basic earnings (loss) per share attributable to common stockholders $ 1.11 $ 1.84 $ 1.56 Diluted earnings (loss) per share attributable to common stockholders $ 1.10 $ 1.80 $ 1.51 (A) Stock options, and common stock purchase warrants that could potentially dilute basic earnings per share in the future were not included in the computation of diluted earnings per share for the periods where they were out-of-the money or a loss has been recorded because they would have been anti-dilutive for the period presented. There were no anti-dilutive common stock purchase warrants for all periods presented. (B)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax (benefit) expense consists of the following: Year Ended December 31, 2023 2022 2021 Current: Federal $ 5,030 $ 4,253 $ 5,556 State and local 416 4,096 1,470 Foreign 377 — — Total current income tax expense (benefit) $ 5,823 $ 8,349 $ 7,026 Deferred: Federal 76,380 227,825 130,696 State and local 39,430 43,342 20,504 Foreign 526 — — Total deferred income tax expense (benefit) 116,336 271,167 151,200 Total income tax expense (benefit) $ 122,159 $ 279,516 $ 158,226
Schedule of Reported Provision for Income Taxes and the U.S. Federal Statutory Rate	The difference between Rithm Capital’s reported provision for income taxes and the U.S. federal statutory rate of 21.0% is as follows: December 31, 2023 2022 2021 Provision at the statutory rate 21.00 % 21.00 % 21.00 % Non-taxable REIT income (11.14) % (3.36) % (7.38) % State and local taxes 3.71 % 4.05 % 3.86 % Foreign taxes 0.21 % — % — % Change in state tax rate 1.14 % — % — % Return to provision — % — % (1.10) % Change in valuation allowance 0.82 % — % — % Other 0.74 % 0.44 % 0.05 % Total provision 16.48 % 22.13 % 16.43 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liability are presented below: December 31, 2023 2022 Deferred tax assets: Net operating losses and tax credit carryforwards (A) $ 169,907 $ 23,627 Basis differences related to assets and investments 90,395 32,447 Goodwill 202,023 26,289 Fixed Asset Depreciation 2,536 — Accrued expenses 47,086 44,572 Other 5,822 1,573 Total deferred tax assets 517,769 128,508 Less: valuation allowance (34,563) — Net deferred tax assets $ 483,206 $ 128,508 Deferred tax liabilities: Mortgage servicing rights $ (923,311) $ (791,691) Basis differences related to assets and investments (81,061) (26,832) Fixed asset depreciation — (19,302) Other (1,672) (2,538) Total deferred tax (liability) $ (1,006,044) $ (840,363) Net deferred tax assets (liability) $ (522,838) $ (711,855) (A) As of December 31, 2023, Rithm Capital’s TRSs had approximately $610.4 million of net operating loss carryforwards for federal and state income tax purposes which may be available to offset future taxable income, if and when it arises. Approximately, $420.9 million of federal and state net operating losses are subject to an annual Internal Revenue Code Section 382 limitation. The federal and state net operating loss carryforwards will begin to expire between 2027 and 2042. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the TRSs ability to generate sufficient taxable income prior to the expiration of the carryforward period.
Schedule of Changes in Valuation Allowance	The following table presents changes in the Company’s deferred tax asset valuation allowance for the periods indicated: December 31, 2023 2022 2021 Sculptor Acquisition (Note 3) 32,340 — — Net change 2,223 — — Ending Balance 34,563 — —
Schedule of Taxable Common Stock Distributions	Common stock distributions were taxable as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.25 100.00 % — % — % 2022 (B) $ 0.41 41.47 % — % 58.53 % 2021 (C) $ 0.50 58.84 % — % 41.16 % (A) The entire $0.25 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2023. (B) The entire $0.25 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.25 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series A Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.88 100 % — % — % 2022 (B) $ 1.88 100 % — % — % 2021 (C) $ 1.88 100 % — % — % (A) The entire $0.47 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.47 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.47 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series B Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.78 100 % — % — % 2022 (B) $ 1.78 100 % — % — % 2021 (C) $ 1.78 100 % — % — % (A) The entire $0.45 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.45 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.45 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series C Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.59 100 % — % — % 2022 (B) $ 1.59 100 % — % — % 2021 (C) $ 1.59 100 % — % — % (A) The entire $0.40 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.40 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.40 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022. Series D Preferred stock distributions were as follows: Year Dividends Ordinary Long-Term Return 2023 (A) $ 1.75 100 % — % — % 2022 (B) $ 1.75 100 % — % — % 2021 (C) $ 0.28 100 % — % — % (A) The entire $0.44 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024. (B) The entire $0.44 per share dividend declared in December 2022 and paid in January 2023 is treated as received by stockholders in 2023. (C) The entire $0.28 per share dividend declared in December 2021 and paid in January 2022 is treated as received by stockholders in 2022.

ASSET MANAGEMENT REVENUES (Tabl

ASSET MANAGEMENT REVENUES (Tables)	12 Months Ended
ASSET MANAGEMENT REVENUES (Tables)	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Asset Management Revenues	The following table presents the composition of asset management revenues: Year Ended December 31, 2023 (A) 2022 2021 Management fees $ 29,465 $ — $ — Incentive income 50,804 — — Other asset management revenue 2,412 — — Total asset management revenues $ 82,681 $ — $ — (A) Income recognized as revenues after acquisition of Sculptor for the period of November 17, 2023 to December 31, 2023.
Schedule of Receivables and Unearned Income and Fees	The following table presents the composition of the Company’s income and fees receivable through Sculptor: December 31, December 31, 2023 2022 Management fees receivable $ 23,757 $ — Incentive income receivable 35,377 — Total income and fees receivable $ 59,134 $ — The following table presents the Company’s unearned income and fees through Sculptor: December 31, December 31, 2023 2022 Unearned management fees $ 1 $ — Unearned incentive income 37,467 — Total unearned income and fees $ 37,468 $ —

BUSINESS AND ORGANIZATION (Deta

BUSINESS AND ORGANIZATION (Details) - USD ($) $ in Millions	Nov. 17, 2023	Oct. 02, 2023	Jun. 17, 2022
Sculptor
Related Party Transaction [Line Items]
Business combination, consideration transferred	$ 630.3
Computershare Mortgage Services Inc
Related Party Transaction [Line Items]
Business combination, consideration transferred		$ 720
Manager
Related Party Transaction [Line Items]
Payment for management fee			$ 400

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)	1 Months Ended			12 Months Ended
	Feb. 29, 2020	Aug. 31, 2019	Jul. 31, 2019	Dec. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Line Items]
Goodwill impairment loss				$ 0	$ 0
Intangible asset impairment				$ 0
Incentive income equal to percentage of profits, net of management fees				20%
Single Family
Cash and Cash Equivalents [Line Items]
Property acquired, useful life				40 years
Land, Buildings and Improvements
Cash and Cash Equivalents [Line Items]
Property acquired, useful life				15 years
7.50% Series A Preferred Stock
Cash and Cash Equivalents [Line Items]
Interest rate			7.50%	7.50%
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Cash and Cash Equivalents [Line Items]
Interest rate		7.125%		7.125%
6.375% Series C Preferred Stock
Cash and Cash Equivalents [Line Items]
Interest rate	6.375%			6.375%

BUSINESS ACQUISITIONS - Schedul

BUSINESS ACQUISITIONS - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands						12 Months Ended
	Nov. 17, 2023	Dec. 31, 2021	Dec. 20, 2021	Sep. 30, 2021	Aug. 23, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Liabilities
Goodwill (Note 16)		$ 85,199				$ 85,199	$ 85,199	$ 131,857
Goodwill (bargain purchase gain)							49,700
Sculptor
Business Acquisition [Line Items]
Total Consideration	$ 630,300
Assets
Real estate and other securities	246,100
Cash and cash equivalents	267,500
Restricted cash	8,400
Other assets	1,120,400
Total Assets Acquired	1,642,400
Liabilities
Secured financing agreements	177,600
Secured notes and bonds payable	99,200
Accrued expenses and other liabilities	746,100
Total Liabilities Assumed	1,022,900
Noncontrolling interest	35,900
Net Assets	583,600
Goodwill (Note 16)	46,700
Cash consideration	600,600
Value of stock assumed	29,700
Intangible assets acquired	$ 275,000
Finite-lived intangible assets, useful life	10 years
Sculptor \| Management contracts
Liabilities
Intangible assets acquired	$ 275,000
Finite-lived intangible assets, useful life	10 years
Caliber
Business Acquisition [Line Items]
Total Consideration		1,318,500		$ 1,318,500			1,318,500
Assets
Mortgage servicing rights, at fair value		1,507,500		1,507,500			1,507,500
Residential mortgage loans, held-for-sale, at fair value		7,685,700		7,685,700			7,685,700
Mortgage loans receivable, at fair value		0					0
Residential mortgage loans subject to repurchase		666,800		666,800			666,800
Cash and cash equivalents		472,700		472,700			472,700
Restricted cash		30,600		30,600			30,600
Servicer advance receivable		108,300		108,300			108,300
Intangible assets		41,000		41,000			41,000
Other assets		609,700		605,400			609,700
Total Assets Acquired		11,122,300		11,118,000			11,122,300
Liabilities
Secured financing agreements		7,090,600		7,090,600			7,090,600
Secured notes and bonds payable		1,121,800		1,121,800			1,121,800
Residential mortgage loans repurchase liability		666,800		666,800			666,800
Accrued expenses and other liabilities		918,600		917,000			918,600
Total Liabilities Assumed		9,797,800		9,796,200			9,797,800
Net Assets		1,324,500		$ 1,321,800			1,324,500
Goodwill (bargain purchase gain)							(6,000)
Cash consideration					$ 1,318,000
Intangible assets acquired					$ 41,028
Finite-lived intangible assets, useful life					6 years 7 months 6 days	7 years
Caliber \| Trademarks/trade names
Liabilities
Intangible assets acquired					$ 2,483
Genesis
Business Acquisition [Line Items]
Total Consideration							1,634,600
Assets
Mortgage servicing rights, at fair value		0					0
Residential mortgage loans, held-for-sale, at fair value		0					0
Mortgage loans receivable, at fair value		1,505,600					1,505,600
Residential mortgage loans subject to repurchase		0					0
Cash and cash equivalents		16,400					16,400
Restricted cash		0					0
Servicer advance receivable		0					0
Intangible assets		56,800					56,800
Other assets		14,500					14,500
Total Assets Acquired		1,593,300					1,593,300
Liabilities
Secured financing agreements		0					0
Secured notes and bonds payable		0					0
Residential mortgage loans repurchase liability		0					0
Accrued expenses and other liabilities		14,400					14,400
Total Liabilities Assumed		14,400					14,400
Net Assets		1,578,900					1,578,900
Goodwill (Note 16)			$ 55,700
Goodwill (bargain purchase gain)							55,700
Cash consideration			1,630,000
Intangible assets acquired			$ 56,100
Finite-lived intangible assets, useful life			8 years 6 months
Genesis \| Trademarks/trade names
Liabilities
Intangible assets acquired			$ 5,900
Finite-lived intangible assets, useful life			5 years
Genesis \| Customer relationships
Liabilities
Intangible assets acquired			$ 44,700
Finite-lived intangible assets, useful life			9 years
2021 Acquisitions
Business Acquisition [Line Items]
Total Consideration							2,953,100
Assets
Mortgage servicing rights, at fair value		1,507,500					1,507,500
Residential mortgage loans, held-for-sale, at fair value		7,685,700					7,685,700
Mortgage loans receivable, at fair value		1,505,600					1,505,600
Residential mortgage loans subject to repurchase		666,800					666,800
Cash and cash equivalents		489,100					489,100
Restricted cash		30,600					30,600
Servicer advance receivable		108,300					108,300
Intangible assets		97,800					97,800
Other assets		624,200					624,200
Total Assets Acquired		12,715,600					12,715,600
Liabilities
Secured financing agreements		7,090,600					7,090,600
Secured notes and bonds payable		1,121,800					1,121,800
Residential mortgage loans repurchase liability		666,800					666,800
Accrued expenses and other liabilities		933,000					933,000
Total Liabilities Assumed		9,812,200					9,812,200
Net Assets		$ 2,903,400					$ 2,903,400

BUSINESS ACQUISITIONS - Narrati

BUSINESS ACQUISITIONS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands						3 Months Ended	12 Months Ended
	Nov. 17, 2023	Dec. 31, 2021	Dec. 20, 2021	Sep. 30, 2021	Aug. 23, 2021	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 12, 2023
Business Acquisition [Line Items]
Goodwill (Note 16)		$ 85,199				$ 85,199	$ 131,857	$ 85,199	$ 85,199
Business Combination, Bargain Purchase, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]						Other income (loss)
Sculptor
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 630,300
Goodwill (Note 16)	$ 46,700
Net income of acquiree							1,000
Acquisition related costs							32,900
Finite-lived intangible assets, useful life	10 years
Cash consideration	$ 600,600
Sculptor \| Asset management revenues
Business Acquisition [Line Items]
Revenue of acquiree							82,700
Sculptor \| Interest income
Business Acquisition [Line Items]
Revenue of acquiree							3,800
Sculptor \| Restricted Stock Units (RSUs)
Business Acquisition [Line Items]
Cash plan payable							$ 29,700
Sculptor \| Delaware Life Insurance Company
Business Acquisition [Line Items]
Shares issued for exercised warrants (in shares)										4,338,015
Exercise price (in dollars per share)										$ 7.95
Warrants acquired										$ 37,500
Caliber
Business Acquisition [Line Items]
Business combination, consideration transferred		1,318,500		$ 1,318,500					1,318,500
Revenue of acquiree									659,800
Net income of acquiree									25,900
Acquisition related costs									9,600
Finite-lived intangible assets, useful life					6 years 7 months 6 days			7 years
Cash consideration					$ 1,318,000
Bargain purchase gain		$ 6,000		$ 3,300	$ 3,300	$ 6,000
Measurement period adjustment, bargain purchase gain						$ 2,700
Genesis
Business Acquisition [Line Items]
Business combination, consideration transferred									1,634,600
Goodwill (Note 16)			$ 55,700
Revenue of acquiree									4,200
Net income of acquiree									1,400
Acquisition related costs									$ 6,700
Finite-lived intangible assets, useful life			8 years 6 months
Cash consideration			$ 1,630,000
Equity interest acquired			100%

BUSINESS ACQUISITIONS - Summary

BUSINESS ACQUISITIONS - Summary of Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Nov. 17, 2023	Dec. 20, 2021	Aug. 23, 2021
Management contracts
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life	10 years
Sculptor
Finite-Lived Intangible Assets [Line Items]
Amount		$ 275,000
Sculptor \| Management contracts
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life		10 years
Amount		$ 275,000
Caliber
Finite-Lived Intangible Assets [Line Items]
Amount				$ 41,028
Caliber \| Purchased technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life				7 years
Amount				$ 38,545
Caliber \| Trademarks/trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life				1 year
Amount				$ 2,483
Genesis
Finite-Lived Intangible Assets [Line Items]
Amount			$ 56,100
Genesis \| Trademarks/trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life			5 years
Amount			$ 5,900
Genesis \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life			9 years
Amount			$ 44,700
Genesis \| License
Finite-Lived Intangible Assets [Line Items]
Amount			$ 5,500

BUSINESS ACQUISITIONS - Sched_2

BUSINESS ACQUISITIONS - Schedule of Unaudited Supplemental Pro Forma Financial Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Sculptor
Pro Forma (in millions)
Revenues	$ 4,110	$ 5,371.4
Income (loss) before income taxes	$ 591.1	$ 1,223.2
Caliber
Pro Forma (in millions)
Revenues			$ 5,422.7	$ 4,453.4
Income (loss) before income taxes			1,258.6	(529.9)
Genesis
Pro Forma (in millions)
Revenues			3,643.4	1,693
Income (loss) before income taxes			$ 981.8	$ (1,316.1)

BUSINESS ACQUISITIONS - Sched_3

BUSINESS ACQUISITIONS - Schedule of Measurement Period Adjustments (Details) - Caliber - USD ($) $ in Millions				3 Months Ended	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Aug. 23, 2021	Dec. 31, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Total Consideration	$ 1,318.5	$ 1,318.5			$ 1,318.5
Assets
Mortgage servicing rights, at fair value	1,507.5	1,507.5		$ 1,507.5	1,507.5
Residential mortgage loans, held-for-sale, at fair value	7,685.7	7,685.7		7,685.7	7,685.7
Residential mortgage loans subject to repurchase	666.8	666.8		666.8	666.8
Cash and cash equivalents	472.7	472.7		472.7	472.7
Restricted cash	30.6	30.6		30.6	30.6
Servicer advance receivable	108.3	108.3		108.3	108.3
Intangible assets	41	41		41	41
Other assets	609.7	605.4		609.7	609.7
Other assets				4.3
Total Assets Acquired	11,122.3	11,118		11,122.3	11,122.3
Subsequent Adjustments to Fair Value, Total Assets Acquired				4.3
Liabilities
Secured financing agreements	7,090.6	7,090.6		7,090.6	7,090.6
Secured notes and bonds payable	1,121.8	1,121.8		1,121.8	1,121.8
Residential mortgage loans repurchase liability	666.8	666.8		666.8	666.8
Accrued expenses and other liabilities	918.6	917		918.6	918.6
Accrued expenses and other liabilities				1.6
Total Liabilities Assumed	9,797.8	9,796.2		9,797.8	9,797.8
Subsequent Adjustments to Fair Value, Total Liabilities Assumed				1.6
Net Assets	1,324.5	1,321.8		1,324.5	$ 1,324.5
Subsequent Adjustments to Fair Value, Net Assets				2.7
Bargain purchase gain	$ (6)	$ (3.3)	$ (3.3)	(6)
Subsequent Adjustment to Fair Value, Bargain purchase gain				$ (2.7)

SEGMENT REPORTING - Segment Fin

SEGMENT REPORTING - Segment Financial Information (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		$ 3,715,496	$ 4,952,416	$ 3,785,076
Total revenues		3,798,177	4,952,416	3,785,076
Interest expense		1,421,254	791,001	497,308
G&A and other		1,517,844	2,553,048	2,119,764
Total operating expenses		2,939,098	3,344,049	2,617,072
Realized and unrealized gains (losses), net		(37,236)	(200,181)	(207,437)
Other income (loss), net		(69,010)	(145,385)	3,241
Total other income (loss)		(106,246)	(345,566)	(204,196)
Income (loss) before income taxes		752,833	1,262,801	963,808
Income tax (benefit) expense		122,159	279,516	158,226
Net income (loss)		630,674	983,285	805,582
Noncontrolling interests in income (loss) of consolidated subsidiaries		8,417	28,766	33,356
Dividends on preferred stock		89,579	89,726	66,744
Net income (loss) attributable to common stockholders - basic		532,678	864,793	705,482
Investments		25,616,787	24,428,594
Cash and cash equivalents		1,287,199	1,336,508
Restricted cash		385,620	281,126
Other assets		7,890,322	6,347,909
Goodwill (Note 16)		131,857	85,199	85,199
Total assets		35,311,785	32,479,336
Debt		23,959,473	21,901,735
Other liabilities		4,251,274	3,567,533
Total liabilities		28,210,747	25,469,268
Total equity		7,101,038	7,010,068	6,669,380	$ 5,429,684
Noncontrolling interests in equity of consolidated subsidiaries	[1]	94,096	67,067
Total Rithm Capital stockholders’ equity		7,006,942	6,943,001
Investments in equity method investees		202,446	96,210
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		1,860,255	1,831,964	1,559,554
Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		(565,684)	727,334	(577,763)
Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		1,294,571	2,559,298	981,791
Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		1,676,324	1,075,981	810,896
Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		508,434	1,086,232	1,826,909
Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		236,167	230,905	165,480
Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		82,681	0	0
Mortgage Servicing Rights
Segment Reporting Information [Line Items]
Realization of cash flows		(518,978)	(631,120)	(1,192,646)
Origination and servicing
Segment Reporting Information [Line Items]
Goodwill (Note 16)		24,376	24,376	24,376
Investment Portfolio
Segment Reporting Information [Line Items]
Goodwill (Note 16)		5,092	5,092	5,092
Asset Management
Segment Reporting Information [Line Items]
Goodwill (Note 16)		46,658	0	0
Operating Segments \| Origination and servicing
Segment Reporting Information [Line Items]
Total revenues		2,208,351	3,532,744	2,659,512
Interest expense		460,780	325,056	219,088
G&A and other		944,112	1,638,989	1,534,266
Total operating expenses		1,404,892	1,964,045	1,753,354
Realized and unrealized gains (losses), net		273	(1,812)	(12,162)
Other income (loss), net		(19,950)	6,270	(10,484)
Total other income (loss)		(19,677)	4,458	(22,646)
Income (loss) before income taxes		783,782	1,573,157	883,512
Income tax (benefit) expense		107,617	327,318	133,117
Net income (loss)		676,165	1,245,839	750,395
Noncontrolling interests in income (loss) of consolidated subsidiaries		581	2,716	11,298
Dividends on preferred stock		0	0	0
Net income (loss) attributable to common stockholders - basic		675,584	1,243,123	739,097
Investments		9,413,923	9,371,435
Cash and cash equivalents		548,666	604,191
Restricted cash		195,490	161,249
Other assets		3,489,171	2,428,832
Goodwill (Note 16)		24,376	24,376
Total assets		13,671,626	12,590,083
Debt		6,920,310	6,660,484
Other liabilities		3,224,989	2,295,684
Total liabilities		10,145,299	8,956,168
Total equity		3,526,327	3,633,915
Noncontrolling interests in equity of consolidated subsidiaries		8,220	12,437
Total Rithm Capital stockholders’ equity		3,518,107	3,621,478
Investments in equity method investees		0	0
Operating Segments \| Origination and servicing \| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		1,488,911	1,348,984	950,962
Operating Segments \| Origination and servicing \| Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		(310,444)	729,844	(306,259)
Operating Segments \| Origination and servicing \| Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		1,178,467	2,078,828	644,703
Operating Segments \| Origination and servicing \| Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		533,944	326,634	208,682
Operating Segments \| Origination and servicing \| Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		495,940	1,127,282	1,806,127
Operating Segments \| Origination and servicing \| Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Origination and servicing \| Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		0	0	0
Operating Segments \| Investment Portfolio
Segment Reporting Information [Line Items]
Total revenues		1,261,426	1,252,915	1,121,345
Interest expense		795,727	365,211	241,068
G&A and other		333,293	352,407	464,201
Total operating expenses		1,129,020	717,618	705,269
Realized and unrealized gains (losses), net		(30,843)	(226,870)	(195,104)
Other income (loss), net		(29,465)	(144,728)	12,687
Total other income (loss)		(60,308)	(371,598)	(182,417)
Income (loss) before income taxes		72,098	163,699	233,659
Income tax (benefit) expense		(7,457)	35,378	25,109
Net income (loss)		79,555	128,321	208,550
Noncontrolling interests in income (loss) of consolidated subsidiaries		7,471	26,050	22,058
Dividends on preferred stock		0	0	0
Net income (loss) attributable to common stockholders - basic		72,084	102,271	186,492
Investments		13,743,465	12,993,131
Cash and cash equivalents		442,015	666,810
Restricted cash		144,169	94,508
Other assets		3,083,967	3,720,905
Goodwill (Note 16)		5,092	5,092
Total assets		17,418,708	17,480,446
Debt		14,180,827	12,962,616
Other liabilities		223,266	1,086,248
Total liabilities		14,404,093	14,048,864
Total equity		3,014,615	3,431,582
Noncontrolling interests in equity of consolidated subsidiaries		44,905	54,630
Total Rithm Capital stockholders’ equity		2,969,710	3,376,952
Investments in equity method investees		110,883	96,210
Operating Segments \| Investment Portfolio \| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		371,344	482,980	608,592
Operating Segments \| Investment Portfolio \| Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		(255,240)	(2,510)	(271,504)
Operating Segments \| Investment Portfolio \| Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		116,104	480,470	337,088
Operating Segments \| Investment Portfolio \| Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		896,661	582,590	597,995
Operating Segments \| Investment Portfolio \| Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		12,494	(41,050)	20,782
Operating Segments \| Investment Portfolio \| Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		236,167	230,905	165,480
Operating Segments \| Investment Portfolio \| Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable
Segment Reporting Information [Line Items]
Total revenues		241,931	166,479	4,219
Interest expense		125,836	64,188	1,000
G&A and other		62,358	64,277	1,802
Total operating expenses		188,194	128,465	2,802
Realized and unrealized gains (losses), net		(14,726)	28,434	0
Other income (loss), net		6,209	12,243	0
Total other income (loss)		(8,517)	40,677	0
Income (loss) before income taxes		45,220	78,691	1,417
Income tax (benefit) expense		(5,122)	(7,792)	0
Net income (loss)		50,342	86,483	1,417
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0	0
Dividends on preferred stock		0	0	0
Net income (loss) attributable to common stockholders - basic		50,342	86,483	1,417
Investments		2,232,913	2,064,028
Cash and cash equivalents		58,628	52,441
Restricted cash		37,805	25,369
Other assets		113,055	170,129
Goodwill (Note 16)		55,731	55,731
Total assets		2,498,132	2,367,698
Debt		1,856,006	1,733,579
Other liabilities		23,979	25,818
Total liabilities		1,879,985	1,759,397
Total equity		618,147	608,301
Noncontrolling interests in equity of consolidated subsidiaries		0	0
Total Rithm Capital stockholders’ equity		618,147	608,301
Investments in equity method investees		0	0
Operating Segments \| Mortgage Loans Receivable \| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable \| Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable \| Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable \| Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		241,931	166,479	4,219
Operating Segments \| Mortgage Loans Receivable \| Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable \| Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Mortgage Loans Receivable \| Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		0	0	0
Operating Segments \| Asset Management
Segment Reporting Information [Line Items]
Total revenues		86,469	0	0
Interest expense		2,727	0	0
G&A and other		63,870	0	0
Total operating expenses		66,597	0	0
Realized and unrealized gains (losses), net		8,060	0	0
Other income (loss), net		557	0	0
Total other income (loss)		8,617	0	0
Income (loss) before income taxes		28,489	0	0
Income tax (benefit) expense		27,121	0	0
Net income (loss)		1,368	0	0
Noncontrolling interests in income (loss) of consolidated subsidiaries		365	0	0
Dividends on preferred stock		0	0	0
Net income (loss) attributable to common stockholders - basic		1,003	0	0
Investments		226,486	0
Cash and cash equivalents		230,008	0
Restricted cash		8,156	0
Other assets		1,183,646	0
Goodwill (Note 16)		46,658	0
Total assets		1,694,954	0
Debt		455,512	0
Other liabilities		565,919	0
Total liabilities		1,021,431	0
Total equity		673,523	0
Noncontrolling interests in equity of consolidated subsidiaries		40,971	0
Total Rithm Capital stockholders’ equity		632,552	0
Investments in equity method investees		91,563	0
Operating Segments \| Asset Management \| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Asset Management \| Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Asset Management \| Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Asset Management \| Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		3,788	0	0
Operating Segments \| Asset Management \| Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Asset Management \| Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Asset Management \| Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		82,681	0	0
Operating Segments \| Corporate
Segment Reporting Information [Line Items]
Total revenues		0	278	0
Interest expense		36,184	36,546	36,152
G&A and other		114,211	497,375	119,495
Total operating expenses		150,395	533,921	155,647
Realized and unrealized gains (losses), net		0	67	(171)
Other income (loss), net		(26,361)	(19,170)	1,038
Total other income (loss)		(26,361)	(19,103)	867
Income (loss) before income taxes		(176,756)	(552,746)	(154,780)
Income tax (benefit) expense		0	(75,388)	0
Net income (loss)		(176,756)	(477,358)	(154,780)
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0	0
Dividends on preferred stock		89,579	89,726	66,744
Net income (loss) attributable to common stockholders - basic		(266,335)	(567,084)	(221,524)
Investments		0	0
Cash and cash equivalents		7,882	13,066
Restricted cash		0	0
Other assets		20,483	28,043
Goodwill (Note 16)		0	0
Total assets		28,365	41,109
Debt		546,818	545,056
Other liabilities		213,121	159,783
Total liabilities		759,939	704,839
Total equity		(731,574)	(663,730)
Noncontrolling interests in equity of consolidated subsidiaries		0	0
Total Rithm Capital stockholders’ equity		(731,574)	(663,730)
Investments in equity method investees		0	0
Operating Segments \| Corporate \| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Corporate \| Change in fair value of MSRs and MSR financing receivables
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Corporate \| Servicing revenue, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Corporate \| Interest income
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	278	0
Operating Segments \| Corporate \| Gain on originated residential mortgage loans, held-for-sale, net
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Corporate \| Other investment portfolio revenues
Segment Reporting Information [Line Items]
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues		0	0	0
Operating Segments \| Corporate \| Asset management revenues
Segment Reporting Information [Line Items]
Total revenues		$ 0	$ 0	$ 0
Subsidiaries
Segment Reporting Information [Line Items]
Number of reportable segments \| segment		1

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

EXCESS MORTGAGE SERVICING RIG_3

EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Excess Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Fair value	$ 8,405,938	$ 8,889,403	$ 6,858,803
Excess mortgage servicing rights assets, at fair value
Servicing Assets at Fair Value [Line Items]
Fair value	271,150	321,803
Direct investments in Excess MSRs
Servicing Assets at Fair Value [Line Items]
Fair value	208,385	249,366	$ 259,198
Excess MSR joint ventures
Servicing Assets at Fair Value [Line Items]
Fair value	$ 62,765	$ 72,437

EXCESS MORTGAGE SERVICING RIG_4

EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 8,889,403	$ 6,858,803
Ending balance	$ 8,405,938	$ 8,889,403
Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized and unrealized gains (losses), net	Realized and unrealized gains (losses), net
Excess MSRs
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 249,366	$ 259,198
Interest income	18,310	38,035
Other income	267	42
Proceeds from repayments	(41,552)	(43,950)
Proceeds from sales	(2,779)	(997)
Change in fair value	(15,227)	(2,962)
Ending balance	$ 208,385	$ 249,366

EXCESS MORTGAGE SERVICING RIG_5

EXCESS MORTGAGE SERVICING RIGHTS - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 02, 2023	Dec. 31, 2023	Dec. 31, 2022
Excess MSRs \| Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate		8.80%	8.30%
Computershare Mortgage Services Inc
Schedule of Equity Method Investments [Line Items]
Business combination, consideration transferred	$ 720

EXCESS MORTGAGE SERVICING RIG_6

EXCESS MORTGAGE SERVICING RIGHTS - Summary of Investments in Excess MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Original and recaptured pools
Schedule of Equity Method Investments [Line Items]
Original and Recaptured Pools	$ (15,227)	$ (2,962)	$ (15,078)
Corporate Joint Venture \| Servicer advance investments
Schedule of Equity Method Investments [Line Items]
UPB	15,499,559	17,033,753
Excess MSRs
Schedule of Equity Method Investments [Line Items]
UPB	$ 42,957,347	$ 48,154,644
Weighted Average Life (Years)	6 years 3 months 18 days	6 years 3 months 18 days
Amortized Cost Basis	$ 181,721	$ 207,470
Carrying Value	$ 208,385	$ 249,366
Excess MSRs \| Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	32.50%	32.50%
Excess MSRs \| Minimum \| Former Manager-managed funds
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0%	0%
Excess MSRs \| Minimum \| Mr. Cooper
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0%	0%
Excess MSRs \| Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	100%	100%
Excess MSRs \| Maximum \| Former Manager-managed funds
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	50%	50%
Excess MSRs \| Maximum \| Mr. Cooper
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	35%	35%
Excess MSRs \| Weighted Average
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	56.50%	56.50%

EXCESS MORTGAGE SERVICING RIG_7

EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Excess MSRs	$ 114,552	$ 135,356
Other assets	182,881	132,809
Other liabilities	(4,251,274)	(3,567,533)
Equity	7,101,038	7,010,068	$ 6,669,380	$ 5,429,684
Rithm Capital’s investment	8,405,938	8,889,403	6,858,803
Interest income	13,358	15,157	7,574
Other income (loss)	(8,296)	(12,073)	(3,906)
Expenses	(32)	(32)	(32)
Net income (loss)	630,674	983,285	805,582
Excess MSR joint ventures
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Rithm Capital’s investment	$ 62,765	$ 72,437
Ownership percentage	50%	50%
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Other assets	$ 11,664	$ 10,204
Other liabilities	(687)	(687)
Equity	125,529	144,873
Net income (loss)	$ 5,030	$ 3,052	$ 3,636

EXCESS MORTGAGE SERVICING RIG_8

EXCESS MORTGAGE SERVICING RIGHTS - Summary of Equity Method Investees Changed - Roll Forward (Details) - Recurring Basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Increase (Decrease) in Equity Method Investments [Roll Forward]
Balance at beginning of period	$ 72,437	$ 85,749
Distributions of earnings from equity method investees	(2,219)	0
Distributions of capital from equity method investees	(9,968)	(14,838)
Change in fair value of investments in equity method investees	2,515	1,526
Balance at end of period	$ 62,765	$ 72,437

EXCESS MORTGAGE SERVICING RIG_9

EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Excess MSR joint ventures
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Rithm Capital Interest in Investees	50%	50%
Excess MSR joint ventures \| Agency
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Rithm Capital Interest in Investees	50%
Excess MSR joint ventures \| Agency \| Original and recaptured pools
Schedule of Investments in Mortgage Servicing Rights [Line Items]
UPB	$ 17,092,557	$ 19,299,726
Investee Interest in Excess MSR	66.70%	66.70%
Rithm Capital Interest in Investees	50%	50%
Amortized Cost Basis	$ 94,443	$ 106,176
Carrying Value	$ 114,552	$ 135,356
Weighted Average Life (Years)	5 years 1 month 6 days	5 years 1 month 6 days

MORTGAGE SERVICING RIGHTS AND_3

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Rollforward of Carrying Value of Investments In MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning balance	$ 8,889,403	$ 6,858,803
Purchases, net		(967)
Originations	786,655	1,222,742
Proceeds from sales	(704,436)	(8,866)
Realization of cash flows	(518,978)	(631,120)
Change in valuation inputs and assumptions	(46,706)	1,448,811
Ending balance	8,405,938	$ 8,889,403
Servicing asset at fair value, disposals, unpaid principal balance	91,400,000
Gain on sale of servicing asset, net	$ 5,200

MORTGAGE SERVICING RIGHTS AND_4

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue
Ancillary Fee Income, Servicing Financial Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue
Change in valuation inputs and assumptions, net of realized gains (losses)	$ 46,706	$ (1,448,811)
MSRs
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	1,735,958	1,699,587	$ 1,446,509
Ancillary and other fees	124,297	132,377	113,045
Servicing fee revenue, net and fees	1,860,255	1,831,964	1,559,554
Realization of cash flows	(518,978)	(631,120)	(1,192,646)
Change in valuation inputs and assumptions, net of realized gains (losses)	(46,706)	1,448,811	680,088
Change in fair value of derivative instruments	0	(11,316)	(30,481)
Gain (loss) on settlement of derivative instruments	0	(79,041)	(34,724)
Servicing revenue, net	$ 1,294,571	$ 2,559,298	$ 981,791

MORTGAGE SERVICING RIGHTS AND_5

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Investment in MSRs and MSR Financing Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Schedule of Mortgage Servicing Rights [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Rithm Capital’s investment	$ 8,405,938		$ 8,889,403		$ 6,858,803
Residential mortgage loans subject to repurchase	1,782,998	[1]	1,219,890	[1]	$ 1,787,314
Mortgage Servicing Rights and Mortgage Servicing Rights Financing Receivable
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 528,434,509		$ 539,897,324
Weighted Average Life (Years)	7 years 6 months		6 years 10 months 24 days
Rithm Capital’s investment	$ 8,405,938		$ 8,889,403
MSRs \| Weighted Average
Schedule of Mortgage Servicing Rights [Line Items]
Discount rate	8.50%		8.30%
MSRs \| Minimum
Schedule of Mortgage Servicing Rights [Line Items]
Discount rate	7.90%		7.60%
MSRs \| Maximum
Schedule of Mortgage Servicing Rights [Line Items]
Discount rate	10.80%		9.80%
Agency \| MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 351,642,337		$ 364,879,106
Weighted Average Life (Years)	7 years 8 months 12 days		7 years 2 months 12 days
Rithm Capital’s investment	$ 5,333,013		$ 6,022,266
Non-Agency \| MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 48,928,545		$ 53,881,903
Weighted Average Life (Years)	6 years 9 months 18 days		4 years 10 months 24 days
Rithm Capital’s investment	$ 678,913		$ 794,459
Ginnie Mae \| MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 127,863,627		$ 121,136,315
Weighted Average Life (Years)	7 years 1 month 6 days		6 years 8 months 12 days
Rithm Capital’s investment	$ 2,394,012		$ 2,072,678

[1] See Note 6 for details.

MORTGAGE SERVICING RIGHTS AND_6

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2018	Jul. 31, 2017
Schedule of MSRs [Line Items]
Residential mortgage loan repurchase liability	[1]	$ 1,782,998	$ 1,219,890
Residential mortgage loans, held-for-sale	[2]	2,540,742	3,398,298
Reserve for non-recovery advances		$ 93,681	$ 65,428	$ 32,122
Reserve for non-recovery advances, percent		3.30%	2.30%
Ocwen \| Rithm Capital
Schedule of MSRs [Line Items]
Unpaid principal balance of underlying loans, not yet transferred		$ 11,400,000	$ 12,400,000
Ocwen \| Mortgage Servicing Rights \| New Residential Mortgage LLC
Schedule of MSRs [Line Items]
Unpaid principal balance of underlying loans, transferred		$ 66,700,000
PHH Mortgage Corporation
Schedule of MSRs [Line Items]
Subservicer percent of UPB		8.60%
Valon
Schedule of MSRs [Line Items]
Subservicer percent of UPB		4.90%
Newrez And Caliber
Schedule of MSRs [Line Items]
Subservicer percent of UPB		86.50%
Ocwen
Schedule of MSRs [Line Items]
UPB					$ 86,800,000	$ 110,000,000
Ginnie Mae Loans
Schedule of MSRs [Line Items]
Residential mortgage loans, held-for-sale		$ 400,000	800,000
Mortgage Loans Subserviced
Schedule of MSRs [Line Items]
UPB		102,500,000	93,000,000
Subservicing revenue		$ 139,400	$ 132,100

[1] See Note 6 for details. The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

MORTGAGE SERVICING RIGHTS AND_7

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the MSRs (Details) - MSRs - Mortgage Loans	Dec. 31, 2023	Dec. 31, 2022
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100%	100%
California
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	17.10%	17.40%
Florida
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8.60%	8.60%
Texas
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.20%	6.20%
New York
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6%	6%
Washington
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.80%	5.90%
New Jersey
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.30%	4.40%
Virginia
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	3.60%
Maryland
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.40%	3.40%
Illinois
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.40%
Georgia
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3%	2.90%
Other U.S.
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	38.70%	38.20%

MORTGAGE SERVICING RIGHTS AND_8

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Transfers and Servicing [Abstract]
Principal and interest advances	$ 616,801	$ 664,495
Escrow advances (taxes and insurance advances)	1,442,697	1,426,409
Foreclosure advances	767,171	754,073
Total	2,826,669	2,844,977
Servicer advances receivable related to agency MSRs	585,000	526,500
Servicer advances receivable related to Ginnie Mae MSRS, recoverable from Ginnie Mae	405,600	261,800
Servicer advances, unamortized discount and accrual	$ 66,400	$ 19,500

MORTGAGE SERVICING RIGHTS AND_9

MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Summary of Reserve For Servicer Advances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Servicer Advances Reserve [Roll Forward]
Beginning balance	$ 65,428	$ 32,122
Provision	63,016	48,392
Write-offs	(34,763)	(15,086)
Ending balance	$ 93,681	$ 65,428

SERVICER ADVANCE INVESTMENTS -

SERVICER ADVANCE INVESTMENTS - Narrative (Details) - Advance Purchaser - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Capital distributed to third-party co-investors	$ 71.5
Capital distributed to new residential	$ 597.9
Servicer Advance Investments
Servicing Assets at Fair Value [Line Items]
Ownership percentage	89.30%	89.30%	89.30%

SERVICER ADVANCE INVESTMENTS _2

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances (Details) - Servicer Advance Investments - Servicer advance investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	$ 362,760	$ 392,749
Carrying Value	$ 376,881	$ 398,820
Weighted Average Discount Rate	6.20%	5.70%
Weighted Average Yield	6.60%	5.60%
Weighted Average Life (Years)	8 years 1 month 6 days	8 years 4 months 24 days

SERVICER ADVANCE INVESTMENTS _3

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	$ 376,881	$ 398,820
Face Amount of Secured Notes and Bonds Payable	23,562,807
Servicer Advance Investments \| Servicer advance investments
Investments in and Advances to Affiliates [Line Items]
Residential mortgage loan UPB and other collateral	15,499,559	17,033,753
Outstanding Servicer Advances	$ 320,630	$ 341,628
Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.10%	2%
Face Amount of Secured Notes and Bonds Payable	$ 278,845	$ 319,276
Gross Loan-to-Value	84.10%	90.20%
Net Loan-to-Value	81.90%	88.30%
Gross Cost of Funds	7.50%	6.50%
Net Cost of Funds	6.90%	5.90%

SERVICER ADVANCE INVESTMENTS _4

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Servicing Assets at Fair Value [Line Items]
Total	$ 376,881	$ 398,820
Servicer Advance Investments \| Servicer advance investments
Servicing Assets at Fair Value [Line Items]
Principal and interest advances	57,909	66,892
Escrow advances (taxes and insurance advances)	149,346	155,438
Foreclosure advances	113,375	119,298
Total	$ 320,630	$ 341,628

REAL ESTATE AND OTHER SECURIT_3

REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 27,610,692	$ 25,370,934
Carrying Value	$ 9,757,664	8,289,277
Weighted Average Life (Years)	1 year 2 months 12 days
Investments	$ 25,616,787	24,428,594
Residual Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	30,500
Non-Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	1,000
AFS Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	74,639	80,261
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Carrying Value	$ 65,496	$ 73,439
Number of Securities \| security	1	1
Weighted Average Coupon	3.50%	3.50%
Weighted Average Yield	3.50%	3.50%
Weighted Average Life (Years)	10 years 9 months 18 days	8 years 10 months 24 days
AFS Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 2,477,170	$ 2,631,852
Gross Unrealized Gains	68,624	72,354
Gross Unrealized Losses	(24,488)	(33,684)
Carrying Value	$ 363,157	$ 397,076
Number of Securities \| security	331	333
Weighted Average Coupon	3.50%	3.50%
Weighted Average Yield	3.90%	3.50%
Weighted Average Life (Years)	5 years 4 months 24 days	6 years 4 months 24 days
FVO Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 8,515,621	$ 7,383,261
Gross Unrealized Gains	121,771	91,770
Gross Unrealized Losses	(5,666)	(43,826)
Carrying Value	$ 8,467,634	$ 7,264,978
Number of Securities \| security	43	35
Weighted Average Coupon	5.20%	5%
Weighted Average Yield	5.20%	5%
Weighted Average Life (Years)	8 years 2 months 12 days	8 years 7 months 6 days
FVO Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 16,543,262	$ 15,275,560
Gross Unrealized Gains	66,470	56,213
Gross Unrealized Losses	(80,463)	(91,369)
Carrying Value	$ 861,377	$ 553,784
Number of Securities \| security	452	341
Weighted Average Coupon	3.50%	2.70%
Weighted Average Yield	6.50%	4.80%
Weighted Average Life (Years)	7 years 9 months 18 days	7 years 6 months
Agency And Non-Agency Residential Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 27,610,692	$ 25,370,934
Gross Unrealized Gains	256,865	220,337
Gross Unrealized Losses	(110,617)	(168,879)
Carrying Value	$ 9,757,664	$ 8,289,277
Number of Securities \| security	827	710
Weighted Average Coupon	5%	4.80%
Weighted Average Yield	5.20%	4.90%
Weighted Average Life (Years)	8 years 1 month 6 days	8 years 4 months 24 days
Agency RMBS
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 8,590,260	$ 7,463,522
Agency RMBS \| Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	8,600,000	7,500,000
Non-Agency RMBS
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	19,020,432	17,907,412
Non-Agency RMBS \| Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	7,800,000	8,400,000
Residual and interest - only notional amount	6,900,000	7,500,000
Non-Agency RMBS \| Floating Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	11,200,000	9,500,000
Residual and interest - only notional amount	10,700,000	9,300,000
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount		514
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Carrying Value		$ 465
Number of Securities \| security		2
Weighted Average Coupon		8.20%
Weighted Average Yield		9.50%
Weighted Average Life (Years)		2 years 2 months 12 days
Consumer loan bonds
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	239	$ 518
Gross Unrealized Gains	640	522
Gross Unrealized Losses	0	0
Carrying Value	$ 640	$ 590
Number of Securities \| security	1	3
Weighted Average Coupon	0%
Weighted Average Yield	0%
Weighted Average Life (Years)	1 year 8 months 12 days	8 months 12 days
Interest-only securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 10,949,006	$ 9,652,902
Gross Unrealized Gains	35,711	29,681
Gross Unrealized Losses	(30,379)	(31,714)
Carrying Value	$ 143,966	$ 160,160
Number of Securities \| security	148	141
Weighted Average Coupon	0.80%	0.90%
Weighted Average Yield	10.10%	5.40%
Weighted Average Life (Years)	2 years 4 months 24 days	3 years 2 months 12 days
Servicing strips
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 4,000,153	$ 4,338,099
Gross Unrealized Gains	16,425	17,501
Gross Unrealized Losses	(3,197)	(4,105)
Carrying Value	$ 46,689	$ 59,017
Number of Securities \| security	61	61
Weighted Average Coupon	0.50%	0.70%
Weighted Average Yield	13.20%	9.90%
Weighted Average Life (Years)	4 years	4 years 2 months 12 days
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 3,845
Gross Unrealized Gains	91
Gross Unrealized Losses	0
Carrying Value	$ 3,812
Number of Securities \| security	2
Weighted Average Coupon	7.90%
Weighted Average Yield	8.60%
Weighted Average Life (Years)	1 year 4 months 24 days
CLOs
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 244,336
Gross Unrealized Gains	2,896
Gross Unrealized Losses	(44)
Carrying Value	$ 226,486
Number of Securities \| security	88
Weighted Average Coupon	5.70%
Weighted Average Yield	6.10%
Weighted Average Life (Years)	9 years 1 month 6 days

REAL ESTATE AND OTHER SECURIT_4

REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate and Other Securities for Held to Maturity (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Outstanding Face Amount	$ 27,610,692,000	$ 25,370,934,000
Weighted Average Life (Years)	1 year 2 months 12 days
Residential Mortgage Backed Securities, Held To Maturity, Treasury
Debt Securities, Available-for-sale, Allowance for Credit Loss [Line Items]
Outstanding Face Amount	$ 25,000,000
Amortized Cost / Carrying Value	24,553,000	$ 0
Fair Value	24,566,000
Unrecognized Gains/(Losses)	$ 13,000
Number of Securities \| security	1
Weighted Average Yield	5.40%
Weighted Average Life (Years)	3 months 18 days

REAL ESTATE AND OTHER SECURIT_5

REAL ESTATE AND OTHER SECURITIES - Schedule of Investment in Real Estate Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Treasury
Purchases
Face	$ 1,055	$ 0
Purchase price	1,028.1	0
Sales
Face	0	0
Amortized cost	0	0
Sale price	0	0
Gain (loss) on sale	0	0
Agency
Purchases
Face	3,373.7	16,479.3
Purchase price	3,350.6	16,314.6
Sales
Face	1,691.5	16,516
Amortized cost	1,671.7	16,759.7
Sale price	1,614.7	15,026.3
Gain (loss) on sale	(57)	(1,733.4)
Non-Agency
Purchases
Face	2,816.9	5,018.1
Purchase price	347.2	256.5
Sales
Face	0	15.3
Amortized cost	0.2	13.6
Sale price	0	12
Gain (loss) on sale	$ (0.2)	$ (1.6)

REAL ESTATE AND OTHER SECURIT_6

REAL ESTATE AND OTHER SECURITIES - Narrative (Details) - Agency - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Face amount of securities purchased, unsettled	$ 738.4	$ 0
Payments for securities purchased, unsettled	730
Face amount of securities sold	490.8
Proceeds of securities sold, unsettled	$ 471.6

REAL ESTATE AND OTHER SECURIT_7

REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 27,610,692	$ 25,370,934
Weighted Average Life (Years)	1 year 2 months 12 days
Less than 12 Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 54,500
Before Credit Impairment - Amortized Cost Basis	52,630
Credit Impairment - Amortized Cost Basis	0
After Credit Impairment - Amortized Cost Basis	52,630
Gross Unrealized Losses - Less than 12 Months	(3,272)
Carrying Value - Less than 12 Months	$ 49,358
Number of Securities - Less than 12 Months \| security	54
Weighted Average Coupon	3%
Weighted Average Yield	3.80%
Weighted Average Life (Years)	3 years 8 months 12 days
12 or More Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 308,038
Before Credit Impairment - Amortized Cost Basis	284,426
Credit Impairment - Amortized Cost Basis	(10,152)
After Credit Impairment - Amortized Cost Basis	274,274
Gross Unrealized Losses - 12 or More Months	(21,216)
Carrying Value - 12 or More Months	$ 253,058
Number of Securities - 12 or More Months \| security	136
Weighted Average Coupon	3.70%
Weighted Average Yield	3.80%
Weighted Average Life (Years)	7 years 3 months 18 days
Total / Weighted Average
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 362,538
Before Credit Impairment - Amortized Cost Basis	337,056
Credit Impairment - Amortized Cost Basis	(10,152)
After Credit Impairment - Amortized Cost Basis	326,904
Gross Unrealized Losses - Total	(24,488)
Carrying Value - Total	$ 302,416
Number of Securities - Total \| security	190
Weighted Average Coupon	3.60%
Weighted Average Yield	3.80%
Weighted Average Life (Years)	6 years 8 months 12 days

REAL ESTATE AND OTHER SECURIT_8

REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities Rithm Capital intends to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 0	$ 0
Amortized Cost Basis After Credit Impairment	0	0
Gross Unrealized Losses, Credit	0	0
Gross Unrealized Losses, Non-Credit	0	0
Securities Rithm Capital is more likely than not to be required to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	0	0
Amortized Cost Basis After Credit Impairment	0	0
Gross Unrealized Losses, Credit	0	0
Gross Unrealized Losses, Non-Credit	0	0
Credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	65,697	77,843
Amortized Cost Basis After Credit Impairment	66,377	78,101
Gross Unrealized Losses, Credit	(10,152)	(10,816)
Gross Unrealized Losses, Non-Credit	(680)	(258)
Non-credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	236,719	271,405
Amortized Cost Basis After Credit Impairment	260,527	304,831
Gross Unrealized Losses, Credit	0	0
Gross Unrealized Losses, Non-Credit	(23,808)	(33,426)
Total debt securities in an unrealized loss position
Debt Securities, Available-for-sale [Line Items]
Fair Value	302,416	349,248
Amortized Cost Basis After Credit Impairment	326,904	382,932
Gross Unrealized Losses, Credit	(10,152)	(10,816)
Gross Unrealized Losses, Non-Credit	$ (24,488)	$ (33,684)

REAL ESTATE AND OTHER SECURIT_9

REAL ESTATE AND OTHER SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities Excluding Credit Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses on available-for-sale debt securities at beginning balance	$ 10,816	$ 3,471
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0	6,804
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0	0
Reductions for securities sold during the period	(221)	0
Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis	0	0
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	(443)	541
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Allowance for credit losses on available-for-sale debt securities at ending balance	10,152	10,816
Purchased Credit Deteriorated
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses on available-for-sale debt securities at beginning balance	4,140	3,471
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0	128
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0	0
Reductions for securities sold during the period	(221)	0
Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis	0	0
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	(2,736)	541
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Allowance for credit losses on available-for-sale debt securities at ending balance	1,183	4,140
Non-Purchased Credit Deteriorated
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses on available-for-sale debt securities at beginning balance	6,676	0
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0	6,676
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0	0
Reductions for securities sold during the period	0	0
Reductions in the allowance for credit losses because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis	0	0
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	2,293	0
Write-offs charged against the allowance	0	0
Recoveries of amounts previously written off	0	0
Allowance for credit losses on available-for-sale debt securities at ending balance	$ 8,969	$ 6,676

RESIDENTIAL MORTGAGE LOANS - Re

RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
December 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 448,060
Carrying Value	$ 379,044	$ 452,519
Loan Count \| loan	8,328
Weighted Average Yield	8.10%
Weighted Average Life (Years)	5 years 6 months
Total residential mortgage loans, held-for-sale, at lower of cost or market
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 94,336
Carrying Value	$ 78,877	101,027
Loan Count \| loan	2,213
Weighted Average Yield	8.20%
Weighted Average Life (Years)	5 years 9 months 18 days
Acquired performing loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 67,955
Carrying Value	$ 57,038	72,425
Loan Count \| loan	1,887
Weighted Average Yield	8.10%
Weighted Average Life (Years)	5 years 10 months 24 days
Acquired performing loans \| Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB	$ 224,500
Acquired non-performing loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	26,381
Carrying Value	$ 21,839	28,602
Loan Count \| loan	326
Weighted Average Yield	8.50%
Weighted Average Life (Years)	5 years 7 months 6 days
Acquired non-performing loans \| Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB	$ 198,200
Total residential mortgage loans, held-for-sale, at fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	2,460,924
Carrying Value	$ 2,461,865	3,297,271
Loan Count \| loan	8,957
Weighted Average Yield	6.60%
Weighted Average Life (Years)	26 years 9 months 18 days
Acquired performing loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 423,644
Carrying Value	$ 400,603	890,131
Loan Count \| loan	1,972
Weighted Average Yield	5.70%
Weighted Average Life (Years)	16 years 4 months 24 days
Acquired non-performing loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 220,962
Carrying Value	$ 204,950	340,342
Loan Count \| loan	1,135
Weighted Average Yield	4.60%
Weighted Average Life (Years)	25 years 2 months 12 days
Originated loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 1,816,318
Carrying Value	$ 1,856,312	2,066,798
Loan Count \| loan	5,850
Weighted Average Yield	7.10%
Weighted Average Life (Years)	29 years 4 months 24 days
Total residential mortgage loans, held-for-sale, at fair value/lower of cost or market
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 2,555,260
Carrying Value	$ 2,540,742	$ 3,398,298

RESIDENTIAL MORTGAGE LOANS - Ge

RESIDENTIAL MORTGAGE LOANS - Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - Residential Mortgage Loans	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100%	100%
Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	9.50%	8.90%
Florida
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	9.30%	10.90%
California
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8.30%	10.20%
New York
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8%	6.80%
Georgia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.90%	4.20%
New Jersey
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.90%	3.80%
Virginia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	2.70%
Illinois
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.50%	3.60%
Maryland
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.10%
North Carolina
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.20%	2.50%
Other U.S.
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	42.50%	43.30%

RESIDENTIAL MORTGAGE LOANS - Sc

RESIDENTIAL MORTGAGE LOANS - Schedule of Aggregate Unpaid Principal Balance and Aggregate Carrying Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 398,227	$ 0
90+
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	0	0
Carrying Value	0	0
Carrying Value Over (Under) UPB	0	0
Residential Mortgage Loans \| 90+
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	313,122	468,147
Carrying Value	281,556	423,321
Carrying Value Over (Under) UPB	$ (31,566)	$ (44,826)

RESIDENTIAL MORTGAGE LOANS - Ca

RESIDENTIAL MORTGAGE LOANS - Carrying Value of Mortgage Loans (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	[1]	$ 3,398,298
Valuation (provision) reversal on loans		478	$ (14,962)	$ 47,744
Balance, ending	[1]	2,540,742	3,398,298
Residential Portfolio Segment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning		3,850,817	11,917,778
Originations		37,123,264	67,406,228
Sales		(38,214,749)	(81,653,129)
Purchases/additional fundings		376,704	6,887,407
Proceeds from repayments		(243,134)	(493,051)
Transfer of loans to other assets		11,662	(25,375)
Transfer of loans to REO		(11,465)	(7,094)
Transfers of loans to held-for-sale		(30,556)	(1,580)
Transfers of loans to from held-for-investment		30,556	1,582
Valuation (provision) reversal on loans		(1,859)	(8,305)
Changes in instrument-specific credit risk		12,179	(69,290)
Other factors		16,367	(104,354)
Balance, ending		2,919,786	3,850,817	11,917,778
Loans Held-for-Investment, at Fair Value \| Residential Portfolio Segment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning		452,519	569,933
Originations		0	0
Sales		0	0
Purchases/additional fundings		1,269	7,182
Proceeds from repayments		(51,195)	(80,661)
Transfer of loans to other assets		0	0
Transfer of loans to REO		(7,148)	(4,956)
Transfers of loans to held-for-sale		(30,556)	(1,580)
Transfers of loans to from held-for-investment		0	0
Valuation (provision) reversal on loans		0	0
Changes in instrument-specific credit risk		7,540	(33,086)
Other factors		6,615	(4,313)
Balance, ending		379,044	452,519	569,933
Residential Mortgage Loans, Held-for-Sale \| Loans Held-for-Sale, at Lower of Cost or Fair Value \| Residential Portfolio Segment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning		101,027	132,921
Originations		0	0
Sales		(6,946)	(4,426)
Purchases/additional fundings		0	0
Proceeds from repayments		(10,773)	(17,777)
Transfer of loans to other assets		286	0
Transfer of loans to REO		(2,858)	(1,386)
Transfers of loans to held-for-sale		0	0
Transfers of loans to from held-for-investment		0	0
Valuation (provision) reversal on loans		(1,859)	(8,305)
Changes in instrument-specific credit risk		0	0
Other factors		0	0
Balance, ending		78,877	101,027	132,921
Residential Mortgage Loans, Held-for-Sale \| Loans Held-for-Sale, at Fair Value \| Residential Portfolio Segment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning		3,297,271	11,214,924
Originations		37,123,264	67,406,228
Sales		(38,207,803)	(81,648,703)
Purchases/additional fundings		375,435	6,880,225
Proceeds from repayments		(181,166)	(394,613)
Transfer of loans to other assets		11,376	(25,375)
Transfer of loans to REO		(1,459)	(752)
Transfers of loans to held-for-sale		0	0
Transfers of loans to from held-for-investment		30,556	1,582
Valuation (provision) reversal on loans		0	0
Changes in instrument-specific credit risk		4,639	(36,204)
Other factors		9,752	(100,041)
Balance, ending		$ 2,461,865	$ 3,297,271	$ 11,214,924

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

RESIDENTIAL MORTGAGE LOANS - _2

RESIDENTIAL MORTGAGE LOANS - Schedule of Net Interest Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans held-for-investment, at fair value	$ 34,658	$ 45,287	$ 44,369
Total interest income	199,695	263,423	327,711
Interest expense:
Loans held-for-investment, at fair value	18,893	17,583	16,919
Total interest expense	184,409	202,056	197,665
Net interest income	15,286	61,367	130,046
Loans held-for-sale, at lower of cost or fair value
Interest income:
Loans held-for-sale	5,804	6,898	23,280
Interest expense:
Loans held-for-sale	3,615	3,402	21,333
Loans held-for-sale, at fair value
Interest income:
Loans held-for-sale	159,233	211,238	260,062
Interest expense:
Loans held-for-sale	$ 161,901	$ 181,071	$ 159,413

RESIDENTIAL MORTGAGE LOANS - _3

RESIDENTIAL MORTGAGE LOANS - Schedule of Gain on Sale of Originated Mortgage Loans, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Gain (loss) on residential mortgage loans originated and sold, net	$ (417,180)	$ (1,106,458)	$ 460,062
Gain (loss) on settlement of residential mortgage loan origination derivative instruments	73,476	1,285,219	240,610
MSRs retained on transfer of residential mortgage loans	786,655	1,222,742	1,331,626
Other	14,622	33,551	107,249
Realized gain on sale of originated residential mortgage loans, net	457,573	1,435,054	2,139,547
Gain on originated residential mortgage loans, held-for-sale, net	508,434	1,086,232	1,826,909
Loan origination fees and direct loan origination costs	400,000	600,000	2,300,000
Change in fair value of interest rate lock commitments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments	15,018	(102,992)	(293,699)
Change in fair value of derivative instruments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments	(64,034)	25,700	118,564
Change in fair value of residential mortgage loans
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of residential mortgage loans	$ 99,877	$ (271,530)	$ (137,503)

CONSUMER LOANS - Narrative (Det

CONSUMER LOANS - Narrative (Details)	12 Months Ended
CONSUMER LOANS - Narrative (Details)	Dec. 31, 2023
Consumer Loan Companies
Schedule of Consumer Loans [Line Items]
Owner interest	53.50%

CONSUMER LOANS - Summary of Inv

CONSUMER LOANS - Summary of Investment in Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Consumer Loans [Line Items]
Weighted Average Expected Life (Years)	1 year 2 months 12 days
Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
UPB	$ 1,308,774	$ 330,428
Carrying Value	$ 1,274,005	$ 363,756
Weighted Average Coupon	12%	17.80%
Weighted Average Expected Life (Years)	1 year 8 months 12 days	3 years 4 months 24 days
Consumer Portfolio Segment \| SpringCastle
Schedule of Consumer Loans [Line Items]
UPB	$ 260,102	$ 330,428
Carrying Value	$ 285,632	$ 363,756
Weighted Average Coupon	18.20%	17.80%
Weighted Average Expected Life (Years)	3 years 8 months 12 days	3 years 4 months 24 days
Consumer Portfolio Segment \| Marcus
Schedule of Consumer Loans [Line Items]
UPB	$ 1,048,672	$ 0
Carrying Value	$ 988,373	$ 0
Weighted Average Coupon	10.50%	0%
Weighted Average Expected Life (Years)	1 year 2 months 12 days

CONSUMER LOANS - Schedule of Ag

CONSUMER LOANS - Schedule of Aggregate Unpaid Principal Balance and Aggregate Carrying Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Notes Receivable	$ 398,227	$ 0
90+
Schedule of Equity Method Investments [Line Items]
UPB	0	0
Notes Receivable	0	0
Carrying Value Over (Under) UPB	0	0
Consumer Portfolio Segment \| Current \| Total Rithm Capital Stockholders’ Equity \| SpringCastle
Schedule of Equity Method Investments [Line Items]
UPB	255,441	325,192
Notes Receivable	280,577	358,057
Carrying Value Over (Under) UPB	25,136	32,865
Consumer Portfolio Segment \| Current \| Total Rithm Capital Stockholders’ Equity \| Marcus
Schedule of Equity Method Investments [Line Items]
UPB	1,014,404	0
Notes Receivable	956,076	0
Carrying Value Over (Under) UPB	(58,328)	0
Consumer Portfolio Segment \| 90+ \| Total Rithm Capital Stockholders’ Equity \| SpringCastle
Schedule of Equity Method Investments [Line Items]
UPB	4,661	5,236
Notes Receivable	5,055	5,699
Carrying Value Over (Under) UPB	394	463
Consumer Portfolio Segment \| 90+ \| Total Rithm Capital Stockholders’ Equity \| Marcus
Schedule of Equity Method Investments [Line Items]
UPB	34,268	0
Notes Receivable	32,297	0
Carrying Value Over (Under) UPB	(1,971)	0
Consumer Portfolio Segment \| Past Due \| Total Rithm Capital Stockholders’ Equity
Schedule of Equity Method Investments [Line Items]
UPB	1,308,774	330,428
Notes Receivable	1,274,005	363,756
Carrying Value Over (Under) UPB	(34,769)	33,328
Consumer Portfolio Segment \| Past Due \| Total Rithm Capital Stockholders’ Equity \| SpringCastle
Schedule of Equity Method Investments [Line Items]
UPB	260,102	330,428
Notes Receivable	285,632	363,756
Carrying Value Over (Under) UPB	25,530	33,328
Consumer Portfolio Segment \| Past Due \| Total Rithm Capital Stockholders’ Equity \| Marcus
Schedule of Equity Method Investments [Line Items]
UPB	1,048,672	0
Notes Receivable	988,373	0
Carrying Value Over (Under) UPB	$ (60,299)	$ 0

CONSUMER LOANS - Carrying Value

CONSUMER LOANS - Carrying Value of Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans Receivable [Roll Forward]
Proceeds from repayments	$ (47,735)	$ (85,836)	$ (119,841)
Accretion of loan discount and premium amortization, net	120,699	91,891	49,382
Changes in instrument-specific credit risk	0	(63,062)
Other factors	231	(1,397)
Consumer Portfolio Segment \| Performing
Loans Receivable [Roll Forward]
Beginning balance	363,756	507,291
Purchases	1,317,347	0
Additional fundings	27,510	29,615
Proceeds from repayments	(446,124)	(150,301)
Accretion of loan discount and premium amortization, net	37,717	13,891
Changes in instrument-specific credit risk	957	1,540
Other factors	(27,158)	(38,280)
Ending balance	$ 1,274,005	$ 363,756	$ 507,291

SINGLE-FAMILY RENTAL PROPERTI_3

SINGLE-FAMILY RENTAL PROPERTIES - Net Carrying Value (Details) - Single Family - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real Estate [Line Items]
Land	$ 183,359	$ 175,607
Building	733,437	702,427
Capital improvements	138,869	118,999
Total gross investment in SFR properties	1,055,665	997,033
Accumulated depreciation	(53,737)	(25,720)
Investment in SFR properties, net	$ 1,001,928	$ 971,313

SINGLE-FAMILY RENTAL PROPERTI_4

SINGLE-FAMILY RENTAL PROPERTIES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)
Single Family
Real Estate [Line Items]
Accumulated depreciation	$ 28,158	$ 18,910
Capitalized acquisition costs	$ 7,500	7,700
Transfer to held-for-sale \| property	0
Single Family \| Minimum
Real Estate [Line Items]
Lease term	1 year
Single Family \| Maximum
Real Estate [Line Items]
Lease term	2 years
SFR Properties Held- for-Sale
Real Estate [Line Items]
Accumulated depreciation	$ 186	$ 0
Transfer to held-for-sale \| property	30

SINGLE-FAMILY RENTAL PROPERTI_5

SINGLE-FAMILY RENTAL PROPERTIES - Activity in Single-Family Rental Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	$ 971,313
Ending balance	1,001,928	$ 971,313
SFR Properties Held- for-Investment
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	971,313	579,607
Acquisitions and capital improvements	67,013	415,858
Transfers to held-for-sale	(9,747)
Dispositions	(250)	(5,242)
Accumulated depreciation	(27,972)	(18,910)
Ending balance	1,000,357	971,313
SFR Properties Held- for-Sale
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	0	0
Acquisitions and capital improvements	0	0
Transfers to held-for-sale	9,747
Dispositions	(7,990)	0
Accumulated depreciation	(186)	0
Ending balance	1,571	0
Single Family
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	971,313	579,607
Acquisitions and capital improvements	67,013	415,858
Transfers to held-for-sale	0
Dispositions	(8,240)	(5,242)
Accumulated depreciation	(28,158)	(18,910)
Ending balance	$ 1,001,928	$ 971,313

SINGLE-FAMILY RENTAL PROPERTI_6

SINGLE-FAMILY RENTAL PROPERTIES - Revenue to be Received (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Real Estate [Line Items]
Total	$ 18,600
Single Family
Real Estate [Line Items]
2024	39,942
2025 and thereafter	2,399
Total	$ 42,341

SINGLE-FAMILY RENTAL PROPERTI_7

SINGLE-FAMILY RENTAL PROPERTIES - Activity in Single-Family Rental Portfolio by Units (Details) - property	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SFR Properties Held- for-Investment
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	3,731	2,551
Acquisition of SFR units	182	1,196
Transfer to held-for-sale	30
Disposition of SFR units	(1)	(16)
Ending balance	3,882	3,731
SFR Properties Held- for-Sale
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	0	0
Acquisition of SFR units	0	0
Transfer to held-for-sale	30
Disposition of SFR units	(24)	0
Ending balance	6	0
Single Family
Real Estate Investment Property, Net [Roll Forward]
Beginning balance	3,731	2,551
Acquisition of SFR units	182	1,196
Transfer to held-for-sale	0
Disposition of SFR units	(25)	(16)
Ending balance	3,888	3,731

MORTGAGE LOANS RECEIVABLE - Nar

MORTGAGE LOANS RECEIVABLE - Narrative (Details) $ in Millions	Aug. 24, 2023 USD ($)
Bridge \| Mortgage Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, acquired	$ 148.4

MORTGAGE LOANS RECEIVABLE - Sum

MORTGAGE LOANS RECEIVABLE - Summary of Mortgage Loans Receivable By Purpose (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 429,550	$ 94,401	$ 290,180
Mortgage Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 2,232,913	$ 2,064,028	$ 1,515,762
% of Portfolio	100%	100%
Loan Count \| loan	1,372	1,677
% of Portfolio	100%	100%
Weighted Average Yield	10.10%	8.20%
Weighted Average Original Life (Months)	20 years 4 months 24 days	16 years 6 months
Mortgage Loans Receivable \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 934,131	$ 965,495
% of Portfolio	41.80%	46.80%
Loan Count \| loan	371	622
% of Portfolio	27%	37.10%
Weighted Average Yield	10.50%	8.30%
Weighted Average Original Life (Months)	16 years 2 months 12 days	15 years
Weighted Average Committed Loan Balance to Value, LTC	74%	76.80%
Weighted Average Committed Loan Balance to Value, LTARV	63%	65.60%
Mortgage Loans Receivable \| Bridge
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 1,009,667	$ 838,539
% of Portfolio	45.30%	40.60%
Loan Count \| loan	652	701
% of Portfolio	47.60%	41.80%
Weighted Average Yield	9.60%	8.10%
Weighted Average Original Life (Months)	26 years 6 months	20 years 1 month 6 days
Weighted Average Committed Loan Balance to Value	68.80%	75.30%
Mortgage Loans Receivable \| Renovation
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 289,115	$ 259,994
% of Portfolio	12.90%	12.60%
Loan Count \| loan	349	354
% of Portfolio	25.40%	21.10%
Weighted Average Yield	10%	8.30%
Weighted Average Original Life (Months)	13 years 6 months	13 years
Weighted Average Committed Loan Balance to Value, LTC	80.50%	78%
Weighted Average Committed Loan Balance to Value, LTARV	68.60%	66.10%

MORTGAGE LOANS RECEIVABLE - Sch

MORTGAGE LOANS RECEIVABLE - Schedule of Mortgage Loans Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable [Roll Forward]
Beginning balance	$ 94,401	$ 290,180
Paydowns and payoffs	(70,695)	(152,256)
Changes in instrument-specific credit risk	0	63,062
Other factors	231	(1,397)
Ending balance	429,550	94,401
Mortgage Loans Receivable
Financing Receivable [Roll Forward]
Beginning balance	2,064,028	1,515,762
Purchases	146,631
Initial loan advances	1,380,187	1,438,117
Construction holdbacks and draws	667,656	559,294
Paydowns and payoffs	(2,025,890)	(1,405,278)
Purchased loans discount (premium) amortization	668	(43,867)
Changes in instrument-specific credit risk	0
Other factors	(367)
Ending balance	$ 2,232,913	$ 2,064,028

MORTGAGE LOANS RECEIVABLE - Pas

MORTGAGE LOANS RECEIVABLE - Past Due Mortgage Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value	$ 398,227	$ 0
90+
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	0	0
Carrying Value	0	0
Carrying Value Over (Under) UPB	0	0
Mortgage Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	2,234,399	2,064,028
Carrying Value	2,232,913	2,064,028
Carrying Value Over (Under) UPB	(1,486)	0
Mortgage Loans Receivable \| Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	2,184,470	2,064,028
Carrying Value	2,183,047	2,064,028
Carrying Value Over (Under) UPB	(1,423)	0
Mortgage Loans Receivable \| 90+
Accounts, Notes, Loans and Financing Receivable [Line Items]
UPB	49,929	0
Carrying Value	49,866	0
Carrying Value Over (Under) UPB	$ (63)	$ 0

MORTGAGE LOANS RECEIVABLE - S_2

MORTGAGE LOANS RECEIVABLE - Summary of the Geographic Distribution of Mortgage Loans Receivable (Details) - Mortgage Loans Receivable - Geographic Concentration Risk - Loan Origination Commitments	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	100%	100%
California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	48.20%	52.70%
Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	7.90%	10.20%
Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	7.30%	6.30%
New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	6.50%	5.90%
Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	5%	6.70%
Arizona
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	4.70%	6.60%
Virginia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	3.50%	0.70%
Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	2.50%	1.90%
Georgia
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	2.40%	0.80%
Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	2.30%	0.50%
Other U.S.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Total Loan Commitment	9.70%	7.70%

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Summary of Cash and Restricted Cash (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	[1]	$ 1,287,199	$ 1,336,508
Restricted cash	[1]	385,620	281,126
Total cash, cash equivalents and restricted cash		$ 1,672,819	$ 1,617,634	$ 1,528,442	$ 1,080,473

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

CASH, CASH EQUIVALENTS AND RE_4

CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 385,620	$ 281,126
Operating Segments \| Investment Portfolio
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	144,169	94,508
Operating Segments \| Origination and servicing
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	195,490	161,249
Operating Segments \| Mortgage Loans Receivable
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	37,805	25,369
Operating Segments \| Asset management
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 8,156	$ 0

OTHER ASSETS AND LIABILITIES -

OTHER ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		Total other assets	Total other assets	Total other assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Total accrued expenses and other liabilities	Total accrued expenses and other liabilities	Total accrued expenses and other liabilities
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]		Total accrued expenses and other liabilities
Other Assets
Deferred tax asset		$ 517,769	$ 128,508
Derivative and hedging assets (Note 18)		28,080	52,229
Equity investments		173,882	71,388
Excess MSRs, at fair value (Note 5)		271,150	321,803
Goodwill (Note 16)		131,857	85,199	$ 85,199
Income and fees receivable		59,134	0
Intangible assets (Note 16)		387,920	141,413
Loan Receivable, at fair value		31,323	94,401
Margin receivable, net		75,947	20,614
Notes Receivable		398,227	0
Operating lease right-of-use asset (Note 17)		104,207	77,329
Prepaid expenses		62,513	60,817
Principal and interest receivable		161,695	106,608
Property and equipment		40,038	37,883
Real Estate Owned		15,507	19,379
Servicer advances, at fair value (Note 7)		376,881	398,820
Servicing fee receivables		156,777	128,438
Warrants, at fair value		16,599	19,346
Other assets		182,881	132,809
Total other assets	[1]	3,478,931	1,914,607
Accrued Expenses and Other Liabilities
Accounts payable		165,144	155,492
Accrued compensation and benefits		290,464	112,762
Deferred tax liability		801,857	711,855
Derivative liabilities (Note 18)		115,531	18,064
Escheat payable		169,914	113,772
Interest payable		149,552	87,700
Lease liability (Note 17)		159,236	101,225
Liabilities of consolidated funds		219,920	0
Unearned income and fees		37,468	0
Other liabilities		223,293	185,797
Total accrued expenses and other liabilities	[1]	2,332,379	1,486,667
Related Party
Other Assets
Other receivables		32,319	0
Nonrelated Party
Other Assets
Other receivables		152,046	146,131
Variable Interest Entity, Primary Beneficiary
Other Assets
Servicer advances, at fair value (Note 7)		367,803	387,675
Total other assets		340,929	0
Accrued Expenses and Other Liabilities
Total accrued expenses and other liabilities		232,027	33,108
Subsidiaries
Other Assets
Deferred tax asset		279,019	0
Accrued Expenses and Other Liabilities
Unearned income and fees		$ 37,468	$ 0

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

OTHER ASSETS AND LIABILITIES _2

OTHER ASSETS AND LIABILITIES - Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Real Estate Owned [Roll Forward]
Beginning balance	$ 19,379	$ 21,641
Purchases	0	210
Property received in satisfaction of loan	21,943	14,936
Sales	(27,512)	(18,349)
Valuation (provision) reversal	1,697	941
Ending balance	15,507	$ 19,379
Residential Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	55,600
Mortgage Receivable
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	$ 38,400

OTHER ASSETS AND LIABILITIES _3

OTHER ASSETS AND LIABILITIES - Schedule of Notes and Loans Receivable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) receivable	Dec. 31, 2022 USD ($)
Financing Receivable [Roll Forward]
Beginning balance	$ 94,401	$ 290,180
Fundings	399,977	9,000
Payment in Kind	5,636	12,936
Proceeds from repayments	(70,695)	(152,256)
Transfer to other assets	0	(1,000)
Changes in instrument-specific credit risk	0	(63,062)
Other factors	231	(1,397)
Ending balance	429,550	94,401
Notes Receivable
Financing Receivable [Roll Forward]
Beginning balance	0	60,549
Fundings	399,977	9,000
Payment in Kind	0	3,741
Proceeds from repayments	(1,750)	(9,000)
Transfer to other assets	0	(1,000)
Changes in instrument-specific credit risk	0	(63,062)
Other factors	0	(228)
Ending balance	$ 398,227	0
Number of financing receivables acquired \| receivable	2
Loans Receivable
Financing Receivable [Roll Forward]
Beginning balance	$ 94,401	229,631
Fundings	0	0
Payment in Kind	5,636	9,195
Proceeds from repayments	(68,945)	(143,256)
Transfer to other assets	0	0
Changes in instrument-specific credit risk	0	0
Other factors	231	(1,169)
Ending balance	$ 31,323	$ 94,401

OTHER ASSETS AND LIABILITIES _4

OTHER ASSETS AND LIABILITIES - Past Due Notes and Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Servicing Assets at Fair Value [Line Items]
Notes Receivable	$ 398,227	$ 0
Current
Servicing Assets at Fair Value [Line Items]
UPB	565,786	157,745
Notes Receivable	429,550	94,401
Carrying Value Over (Under) UPB	(136,236)	(63,344)
90+
Servicing Assets at Fair Value [Line Items]
UPB	0	0
Notes Receivable	0	0
Carrying Value Over (Under) UPB	$ 0	$ 0

EXPENSES, REALIZED AND UNREAL_3

EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER - Schedule of Other Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income [Line Items]
Total other revenues	$ 3,715,496	$ 4,952,416	$ 3,785,076
Other revenues
Other Income [Line Items]
Total other revenues	236,167	230,905	165,480
Property and maintenance
Other Income [Line Items]
Total other revenues	133,424	132,432	104,797
Rental
Other Income [Line Items]
Total other revenues	73,216	54,567	13,745
Other
Other Income [Line Items]
Total other revenues	$ 29,527	$ 43,906	$ 46,937

EXPENSES, REALIZED AND UNREAL_4

EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER - Schedule of General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Legal and professional	$ 103,795	$ 78,837	$ 102,114
Loan origination	45,123	108,149	196,989
Occupancy	55,883	116,526	70,616
Subservicing	130,346	162,972	224,138
Loan servicing	16,185	11,759	16,440
Property and maintenance	97,582	93,689	69,083
Other	281,838	303,496	184,648
Total general and administrative expenses	$ 730,752	$ 875,428	$ 864,028

EXPENSES, REALIZED AND UNREAL_5

EXPENSES, REALIZED AND UNREALIZED GAINS (LOSSES), NET AND OTHER - Schedule of Components of Other Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Real estate and other securities	$ 39,362	$ (1,499,418)	$ (490,180)
Residential mortgage loans and REO	19,861	(160,985)	270,492
Derivative and hedging instruments	(54,342)	1,468,931	126,222
Notes and bonds payable	(12,843)	45,792	11,506
Other	(29,274)	(54,501)	(125,477)
Realized and unrealized gains (losses), net	(37,236)	(200,181)	(207,437)
Other income (loss)	(69,010)	(145,385)	3,241
Total other income (loss)	$ (106,246)	$ (345,566)	$ (204,196)

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Carrying Value of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Beginning balance	$ 85,199,000	$ 85,199,000
Goodwill acquired	46,658,000	0
Accumulated impairment loss	0	0
Ending balance	131,857,000	85,199,000
Origination and servicing
Goodwill [Roll Forward]
Beginning balance	24,376,000	24,376,000
Goodwill acquired	0	0
Accumulated impairment loss	0	0
Ending balance	24,376,000	24,376,000
Investment Portfolio
Goodwill [Roll Forward]
Beginning balance	5,092,000	5,092,000
Goodwill acquired	0	0
Accumulated impairment loss	0	0
Ending balance	5,092,000	5,092,000
Mortgage Loans Receivable
Goodwill [Roll Forward]
Beginning balance	55,731,000	55,731,000
Goodwill acquired	0	0
Accumulated impairment loss	0	0
Ending balance	55,731,000	55,731,000
Asset Management
Goodwill [Roll Forward]
Beginning balance	0	0
Goodwill acquired	46,658,000	0
Accumulated impairment loss	0	0
Ending balance	$ 46,658,000	$ 0

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	$ 481,130	$ 188,995
Accumulated Amortization	93,210	47,582
Intangible Assets, Net	$ 387,920	141,413
Management contracts
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	10 years
Gross Intangible Assets	$ 275,000	0
Accumulated Amortization	3,388	0
Intangible Assets, Net	271,612	0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	57,949	57,949
Accumulated Amortization	17,834	12,960
Intangible Assets, Net	$ 40,115	44,989
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	3 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	9 years
Purchased technology
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	$ 137,922	120,787
Accumulated Amortization	67,145	30,959
Intangible Assets, Net	70,777	89,828
Indefinite-lived intangible assets	$ 21,400	21,400
Purchased technology \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	3 years
Purchased technology \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	7 years
Trademarks / Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Intangible Assets	$ 10,259	10,259
Accumulated Amortization	4,843	3,663
Intangible Assets, Net	5,416	6,596
Indefinite-lived intangible assets	$ 1,900	$ 1,900
Trademarks / Trade names \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	1 year
Trademarks / Trade names \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Lives (Years)	5 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Schedule of Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 55,220
2025	53,103
2026	44,983
2027	36,009
2028 and thereafter	175,364
Intangible assets, net	$ 364,679

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Rent expense, net of sublease income	$ 45,800	$ 45,200	$ 26,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Sublease rentals	$ 18,600
Total remaining discounted lease payments	158,424
Collateral Pledged
Lessee, Lease, Description [Line Items]
Lease obligations	$ 6,200

LEASES - Schedule of Future Com

LEASES - Schedule of Future Commitments for Non-Cancelable Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 41,305
2025	33,617
2026	26,982
2027	27,111
2028	23,818
2029 and thereafter	37,271
Total remaining undiscounted lease payments	190,104
Less: imputed interest	31,680
Total remaining discounted lease payments	158,424
Finance Leases
2024	228
2025	228
2026	228
2027	228
2028	0
2029 and thereafter	0
Total remaining undiscounted lease payments	912
Less: imputed interest	100
Total remaining discounted lease payments	812
Total
2024	41,533
2025	33,845
2026	27,210
2027	27,339
2028	23,818
2029 and thereafter	37,271
Total remaining undiscounted lease payments	191,016
Less: imputed interest	31,780
Total remaining discounted lease payments	$ 159,236	$ 101,225

LEASES - Other Information Rela

LEASES - Other Information Related to Operating Leases (Details)	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating leases, weighted-average remaining lease term (years)	5 years 9 months 18 days	5 years 8 months 12 days
Finance leases, weighted-average remaining lease term (years)	3 years 6 months
Operating leases, weighted-average discount rate	6.20%	4%
Finance leases, weighted-average discount rate	7.90%	0%

LEASES - Supplemental Informati

LEASES - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$ 34,655	$ 51,005	$ 24,667
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,449	$ 5,773	$ 3,013

DERIVATIVES AND HEDGING - Deriv

DERIVATIVES AND HEDGING - Derivatives and Hedges Recorded at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative and hedging assets (Note 18)	$ 28,080	$ 52,229
Derivative and hedging liabilities	115,531	18,064
Interest rate swaps
Derivative [Line Items]
Derivative and hedging assets (Note 18)	106	449
Derivative asset, variation margin accounts	342,000	1,200,000
Interest rate lock commitments
Derivative [Line Items]
Derivative and hedging assets (Note 18)	26,482	16,015
Derivative and hedging liabilities	2,678	7,229
TBAs
Derivative [Line Items]
Derivative and hedging assets (Note 18)	1,492	35,765
Derivative and hedging liabilities	49,087	10,835
Treasury short sales
Derivative [Line Items]
Derivative and hedging liabilities	63,766	0
Derivative liabilities, reverse repurchase agreements	$ 1,800,000	$ 0

DERIVATIVES AND HEDGING - Der_2

DERIVATIVES AND HEDGING - Derivatives and Hedging Notional Amount (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Treasury short sales
Derivative [Line Items]
Derivative liabilities, reverse repurchase agreements	$ 1,800,000	$ 0
Not Designated as Hedging Instrument \| Interest rate swaps
Derivative [Line Items]
Derivative asset, notional amount	7,979,988	23,085,000
Not Designated as Hedging Instrument \| Interest rate swaps \| TBAs, short position
Derivative [Line Items]
Notional amount	$ 0	$ 0
Derivative, cap interest rate	0%	0%
Weighted average maturity	0 months	0 months
Not Designated as Hedging Instrument \| Interest rate swaps \| TBAs, long position
Derivative [Line Items]
Notional amount	$ 8,000,000	$ 23,100,000
Derivative, cap interest rate	2.50%	1.90%
Weighted average maturity	32 months	35 months
Not Designated as Hedging Instrument \| Interest rate lock commitments
Derivative [Line Items]
Derivative asset, notional amount	$ 2,757,060	$ 2,647,747
Not Designated as Hedging Instrument \| Treasury short sales
Derivative [Line Items]
Derivative liability, notional amount	1,800,000	0
Not Designated as Hedging Instrument \| TBAs \| TBAs, short position
Derivative [Line Items]
Derivative liability, notional amount	6,013,100	8,473,221
Not Designated as Hedging Instrument \| TBAs \| TBAs, long position
Derivative [Line Items]
Derivative liability, notional amount	$ 0	$ 31,500

DERIVATIVES AND HEDGING - Der_3

DERIVATIVES AND HEDGING - Derivatives and Hedging Gain (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Total gain (loss)	$ (103,358)	$ 1,380,323	$ (79,394)
Gain (loss) on settlement of residential mortgage loan	$ 73,476	$ 1,285,219	$ 240,610
Servicing Revenue
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue	Revenue	Revenue
Total gain (loss)	$ 0	$ (11,316)	$ (30,481)
Gain (loss) on settlement of derivative instruments	$ 0	$ (79,000)	$ (34,700)
Gain on originated residential mortgage loans, held-for-sale, net
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue	Revenue	Revenue
Total gain (loss)	$ (49,016)	$ (77,292)	$ (175,135)
Change In Fair Value Of Investments
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized and unrealized gains (losses), net	Realized and unrealized gains (losses), net	Realized and unrealized gains (losses), net
Total gain (loss)	$ (54,342)	$ 1,468,931	$ 126,222
Interest rate lock commitments
Derivative [Line Items]
Total gain (loss)	15,018	(102,992)	(293,699)
TBAs \| Servicing Revenue
Derivative [Line Items]
Total gain (loss)	0	(15,205)	10,483
TBAs \| Gain on originated residential mortgage loans, held-for-sale, net
Derivative [Line Items]
Total gain (loss)	(62,924)	25,700	118,564
TBAs \| Change In Fair Value Of Investments
Derivative [Line Items]
Total gain (loss)	(7,326)	309,154	(36,508)
Treasury futures
Derivative [Line Items]
Total gain (loss)	0	(1,746)	(23,961)
Options on treasury futures
Derivative [Line Items]
Total gain (loss)	0	5,635	(17,003)
Interest rate swaps \| Gain on originated residential mortgage loans, held-for-sale, net
Derivative [Line Items]
Total gain (loss)	(1,110)	0	0
Interest rate swaps \| Change In Fair Value Of Investments
Derivative [Line Items]
Total gain (loss)	20,990	1,159,777	162,730
Treasury short sales
Derivative [Line Items]
Total gain (loss)	$ (68,006)	$ 0	$ 0

DEBT OBLIGATIONS - Schedule of

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Outstanding Face Amount	$ 23,562,807
Carrying Value	$ 23,458,626	$ 21,356,679	$ 29,237,694
Weighted Average Funding Cost	6.60%
Weighted Average Life (Years)	1 year 2 months 12 days
Interest payable	$ 149,552	87,700
Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	12,570,327
Carrying Value	$ 12,561,283	11,257,736
Weighted Average Funding Cost	6.10%
Weighted Average Life (Years)	7 months 6 days
Interest payable	$ 142,300
Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	10,770,230
Carrying Value	$ 10,679,186	10,098,943
Weighted Average Funding Cost	7.10%
Weighted Average Life (Years)	1 year 10 months 24 days
Warehouse Credit Facilities-Residential Mortgage Loans \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,940,295
Carrying Value	$ 1,940,038	2,601,327
Weighted Average Funding Cost	6.80%
Weighted Average Life (Years)	7 months 6 days
Face amount of fixed rate debt	$ 233,900
Interest rate, stated percentage	5%
Warehouse Credit Facilities-Residential Mortgage Loans \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	21 years 6 months
Outstanding Face	$ 2,201,857
Amortized Cost Basis	2,315,385
Carrying Value	2,235,311
Warehouse Credit Facility- Mortgage Loans Receivable \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	1,337,010
Carrying Value	$ 1,337,010	1,220,662
Weighted Average Funding Cost	8.20%
Weighted Average Life (Years)	1 year 8 months 12 days
Warehouse Credit Facility- Mortgage Loans Receivable \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Outstanding Face	$ 1,610,728
Amortized Cost Basis	1,609,242
Carrying Value	1,609,242
Agency RMBS or Treasuries \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	8,152,469
Carrying Value	$ 8,152,469	6,821,788
Weighted Average Funding Cost	5.50%
Weighted Average Life (Years)	2 months 12 days
Agency RMBS or Treasuries \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	8 years 2 months 12 days
Outstanding Face	$ 8,588,624
Amortized Cost Basis	8,415,294
Carrying Value	8,566,211
Non-Agency RMBS \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	610,189
Carrying Value	$ 610,189	609,282
Weighted Average Funding Cost	7.60%
Weighted Average Life (Years)	9 months 18 days
Non-Agency RMBS \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 1 month 6 days
Outstanding Face	$ 15,285,491
Amortized Cost Basis	932,248
Carrying Value	958,292
SFR Properties
Debt Instrument [Line Items]
Carrying Value	809,708	822,372	357,922
SFR Properties \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	20,534
Carrying Value	$ 20,534	4,677
Weighted Average Funding Cost	8.20%
Weighted Average Life (Years)	1 year
SFR Properties \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Amortized Cost Basis	$ 47,433
Carrying Value	47,433
SFR Properties \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	833,386
Carrying Value	$ 789,174	817,695
Weighted Average Funding Cost	4.10%
Weighted Average Life (Years)	3 years 3 months 18 days
SFR Properties \| Secured Notes And Bonds Payable \| Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	3.50%
SFR Properties \| Secured Notes And Bonds Payable \| Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	7.10%
SFR Properties \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Amortized Cost Basis	$ 952,923
Carrying Value	952,923
CLOs \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	186,378
Carrying Value	$ 183,947	0
Weighted Average Funding Cost	6.40%
Weighted Average Life (Years)	8 years 10 months 24 days
CLOs \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	8 years 10 months 24 days
Outstanding Face	$ 186,378
Amortized Cost Basis	184,112
Carrying Value	184,112
CLOs \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	30,458
Carrying Value	$ 30,258	0
Weighted Average Funding Cost	7.10%
Weighted Average Life (Years)	6 years 8 months 12 days
CLOs \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 8 months 12 days
Outstanding Face	$ 30,458
Amortized Cost Basis	30,425
Carrying Value	30,425
Commercial Notes Receivable
Debt Instrument [Line Items]
Carrying Value	317,096	0	0
Commercial Notes Receivable \| Secured Financing Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	323,452
Carrying Value	$ 317,096	0
Weighted Average Funding Cost	6.50%
Weighted Average Life (Years)	10 months 24 days
Commercial Notes Receivable \| Secured Financing Agreements \| Collateral
Debt Instrument [Line Items]
Outstanding Face	$ 429,240
Amortized Cost Basis	364,977
Carrying Value	364,977
Excess MSRs
Debt Instrument [Line Items]
Carrying Value	2,713,933	2,907,300	2,949,526
Excess MSRs \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	181,522
Carrying Value	$ 181,522	227,596
Weighted Average Funding Cost	8.70%
Weighted Average Life (Years)	1 year 9 months 18 days
Excess MSRs \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 1 month 6 days
Outstanding Face	$ 60,049,904
Amortized Cost Basis	235,395
Carrying Value	272,308
MSRs \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	4,807,776
Carrying Value	$ 4,800,728	4,791,543
Weighted Average Funding Cost	7.50%
Weighted Average Life (Years)	1 year 10 months 24 days
MSRs \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	7 years 6 months
Outstanding Face	$ 522,025,042
Amortized Cost Basis	6,367,520
Carrying Value	8,340,171
Servicer Advance Investments \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	278,845
Carrying Value	$ 278,042	318,445
Weighted Average Funding Cost	7.50%
Weighted Average Life (Years)	2 months 12 days
Servicer Advance Investments \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	8 years 2 months 12 days
Outstanding Face	$ 314,442
Amortized Cost Basis	353,113
Carrying Value	367,803
Servicer Advances \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	2,254,515
Carrying Value	$ 2,254,369	2,361,259
Weighted Average Funding Cost	7.70%
Weighted Average Life (Years)	4 months 24 days
Servicer Advances \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate \| Minimum
Debt Instrument [Line Items]
Variable interest rate spread	1.50%
Servicer Advances \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate \| Maximum
Debt Instrument [Line Items]
Variable interest rate spread	3.70%
Servicer Advances \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	8 months 12 days
Outstanding Face	$ 2,856,680
Amortized Cost Basis	2,760,250
Carrying Value	2,760,250
Residential Mortgage Loans \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	650,000
Carrying Value	$ 650,000	769,988
Weighted Average Funding Cost	6.50%
Weighted Average Life (Years)	4 months 24 days
Residential Mortgage Loans \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Variable interest rate spread	1.20%
Residential Mortgage Loans \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	29 years 2 months 12 days
Outstanding Face	$ 649,978
Amortized Cost Basis	651,948
Carrying Value	652,059
Consumer Loans
Debt Instrument [Line Items]
Carrying Value	1,106,974	299,498	458,580
Consumer Loans \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	1,134,666
Carrying Value	$ 1,106,974	299,498
Weighted Average Funding Cost	7%
Weighted Average Life (Years)	4 years 2 months 12 days
Consumer Loans \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year 8 months 12 days
Outstanding Face	$ 1,308,774
Amortized Cost Basis	1,269,872
Carrying Value	1,274,005
Mortgage Loans Receivable
Debt Instrument [Line Items]
Carrying Value	1,856,008	1,733,581	$ 1,252,660
Mortgage Loans Receivable \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	524,062
Carrying Value	$ 518,998	512,919
Weighted Average Funding Cost	5.70%
Weighted Average Life (Years)	2 years 9 months 18 days
Face amount of fixed rate debt	$ 238,100
Interest rate, stated percentage	4.60%
Mortgage Loans Receivable \| Secured Notes And Bonds Payable \| Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year
Outstanding Face	$ 578,314
Amortized Cost Basis	578,314
Carrying Value	578,314
Secured Facility- Asset Management \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	75,000
Carrying Value	$ 69,121	0
Weighted Average Funding Cost	8.80%
Weighted Average Life (Years)	1 year 9 months 18 days
Liabilities of Consolidated Funds \| Liabilities of Consolidated Funds
Debt Instrument [Line Items]
Outstanding Face Amount	$ 222,250
Carrying Value	$ 218,157	$ 0
Weighted Average Funding Cost	5%
Weighted Average Life (Years)	4 years 9 months 18 days
Liabilities of Consolidated Funds \| Liabilities of Consolidated Funds \| Collateral
Debt Instrument [Line Items]
Outstanding Face	$ 205,723
Carrying Value	203,794
2.5% To 3.7% Agency MSR Secured Note And Bond Payable \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 3,800,000
2.5% To 3.7% Agency MSR Secured Note And Bond Payable \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate \| Minimum
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
2.5% To 3.7% Agency MSR Secured Note And Bond Payable \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate \| Maximum
Debt Instrument [Line Items]
Variable interest rate spread	3.70%
3.0% To 5.4% Public Notes \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,000,000
3.0% To 5.4% Public Notes \| Secured Notes And Bonds Payable \| Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	3%
3.0% To 5.4% Public Notes \| Secured Notes And Bonds Payable \| Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	5.40%
Consumer Loan, UPB Class A \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 205,200
Interest rate, stated percentage	2%
Consumer Loan, UPB Class B \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 53,000
Interest rate, stated percentage	2.70%
Consumer Loan, Marcus \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 871,200
Consumer Loan, Marcus \| Secured Notes And Bonds Payable \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Variable interest rate spread	3%
Consolidated Funds, Notes Payable, Class A \| Liabilities of Consolidated Funds
Debt Instrument [Line Items]
Outstanding Face Amount	$ 120,000
Interest rate, stated percentage	4.30%
Consolidated Funds, Notes Payable, Class B \| Liabilities of Consolidated Funds
Debt Instrument [Line Items]
Outstanding Face Amount	$ 70,000
Interest rate, stated percentage	5.30%
Consolidated Funds, Notes Payable, Class C \| Liabilities of Consolidated Funds
Debt Instrument [Line Items]
Outstanding Face Amount	$ 15,000
Interest rate, stated percentage	6.30%
Subordinated Notes \| Liabilities of Consolidated Funds
Debt Instrument [Line Items]
Outstanding Face Amount	$ 17,300

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) $ in Thousands		12 Months Ended
DEBT OBLIGATIONS - Narrative (Details) $ in Thousands	Sep. 16, 2020 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Face amount of debt		$ 23,562,807
Interest expense		1,421,254	$ 791,001	$ 497,308
Undiscounted future payment		267,921
TRA liability		172,200
Secured Financing Agreements
Debt Instrument [Line Items]
Face amount of debt		12,570,327
Borrowings		$ 91,141,391	$ 130,455,309
Senior Notes \| 2025 Senior Notes
Debt Instrument [Line Items]
Face amount of debt	$ 550,000
Interest rate	6.25%
Debt redemption percentage		101%
Borrowings	$ 544,500
Issuance fees	$ 8,300	$ 3,200
Interest expense		$ 34,400
Debt instrument, restrictive covenants, minimum total unencumbered assets maintenance requirement		1.20
Senior Notes \| 2025 Senior Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt redemption percentage	100%

DEBT OBLIGATIONS - Carrying Val

DEBT OBLIGATIONS - Carrying Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Roll Forward]
Beginning balance	$ 21,356,679	$ 29,237,694
Ending balance	23,458,626	21,356,679
Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	2,907,300	2,949,526
Ending balance	2,713,933	2,907,300
MSRs
Debt Instrument [Roll Forward]
Beginning balance	4,791,543	4,234,771
Ending balance	4,800,728	4,791,543
Commercial Notes Receivable
Debt Instrument [Roll Forward]
Beginning balance	0	0
Ending balance	317,096	0
Real Estate and Other Securities
Debt Instrument [Roll Forward]
Beginning balance	7,431,070	9,043,412
Ending balance	8,762,658	7,431,070
Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable
Debt Instrument [Roll Forward]
Beginning balance	3,371,315	10,940,823
Ending balance	2,590,038	3,371,315
Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	299,498	458,580
Ending balance	1,106,974	299,498
SFR Properties
Debt Instrument [Roll Forward]
Beginning balance	822,372	357,922
Ending balance	809,708	822,372
Mortgage Loans Receivable
Debt Instrument [Roll Forward]
Beginning balance	1,733,581	1,252,660
Ending balance	1,856,008	1,733,581
Asset Management
Debt Instrument [Roll Forward]
Beginning balance	0	0
Ending balance	501,483	0
Secured Financing Agreements
Debt Instrument [Roll Forward]
Beginning balance	11,257,736
Acquired borrowings, net of discount	177,551
Borrowings	91,141,391	130,455,309
Repayments	(90,017,916)	(139,791,583)
FX remeasurement	7,114
Capitalized deferred financing costs, net of amortization	(4,592)	1,128
Ending balance	12,561,283	11,257,736
Secured Financing Agreements \| Excess MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	0
Repayments	0	0
FX remeasurement	0
Capitalized deferred financing costs, net of amortization		0
Secured Financing Agreements \| MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	0
Repayments	0	0
FX remeasurement	0
Capitalized deferred financing costs, net of amortization		0
Secured Financing Agreements \| Commercial Notes Receivable
Debt Instrument [Roll Forward]
Beginning balance	0
Acquired borrowings, net of discount	0
Borrowings	323,452	0
Repayments	0	0
FX remeasurement
Capitalized deferred financing costs, net of amortization	(6,356)	0
Ending balance	317,096	0
Secured Financing Agreements \| Real Estate and Other Securities
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	50,253,463	54,385,892
Repayments	(48,921,875)	(55,998,234)
FX remeasurement
Capitalized deferred financing costs, net of amortization		0
Secured Financing Agreements \| Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	37,971,788	73,782,327
Repayments	(38,634,841)	(81,320,424)
FX remeasurement	0
Capitalized deferred financing costs, net of amortization	1,764	1,128
Secured Financing Agreements \| Consumer Loans
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	0
Repayments	0	0
FX remeasurement	0
Capitalized deferred financing costs, net of amortization		0
Secured Financing Agreements \| SFR Properties
Debt Instrument [Roll Forward]
Beginning balance	4,677
Acquired borrowings, net of discount	0
Borrowings	20,534	206,595
Repayments	(4,677)	(360,433)
FX remeasurement	0
Capitalized deferred financing costs, net of amortization		0
Ending balance	20,534	4,677
Secured Financing Agreements \| Mortgage Loans Receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	2,572,154	2,080,495
Repayments	(2,455,805)	(2,112,492)
FX remeasurement	0
Capitalized deferred financing costs, net of amortization		0
Secured Financing Agreements \| Asset Management
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	177,551
Borrowings	0	0
Repayments	(718)	0
FX remeasurement	7,114
Capitalized deferred financing costs, net of amortization		0
Secured Notes and Bonds Payable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	99,232
Borrowings	8,099,962	6,236,323
Repayments	(7,636,954)	(4,696,138)
FX remeasurement	(1,008)
Discount on borrowings, net of amortization		(42,030)
Unrealized (gain) loss on notes, fair value	11,638	(45,791)
Capitalized deferred financing costs, net of amortization	7,372	1,767
Secured Notes and Bonds Payable \| Excess MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	2,757,587	2,804,677
Repayments	(2,954,228)	(2,849,496)
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	3,274	2,593
Secured Notes and Bonds Payable \| MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	4,156,358	2,027,637
Repayments	(4,148,588)	(1,473,037)
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	1,415	2,172
Secured Notes and Bonds Payable \| Commercial Notes Receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount
Borrowings		0
Repayments		0
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value		0
Capitalized deferred financing costs, net of amortization		0
Secured Notes and Bonds Payable \| Real Estate and Other Securities
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount
Borrowings	0	0
Repayments	0	0
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	0	0
Secured Notes and Bonds Payable \| Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	0
Repayments	(116,730)	(33,204)
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	(3,258)	665
Capitalized deferred financing costs, net of amortization	0	0
Secured Notes and Bonds Payable \| Consumer Loans
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	1,185,612	0
Repayments	(381,718)	(123,770)
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	8,818	(35,312)
Capitalized deferred financing costs, net of amortization	(5,236)	0
Secured Notes and Bonds Payable \| SFR Properties
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	879,947
Repayments	(35,690)	(216,631)
FX remeasurement	0
Discount on borrowings, net of amortization		(42,030)
Unrealized (gain) loss on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	7,169	(2,998)
Secured Notes and Bonds Payable \| Mortgage Loans Receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Borrowings	0	524,062
Repayments	0	0
FX remeasurement	0
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	6,078	(11,144)
Capitalized deferred financing costs, net of amortization	0	0
Secured Notes and Bonds Payable \| Asset Management
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	99,232
Borrowings	405	0
Repayments	0	0
FX remeasurement	(1,008)
Discount on borrowings, net of amortization		0
Unrealized (gain) loss on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	750	$ 0
Liabilities of Consolidated Funds
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	218,746
Unrealized (gain) loss on notes, fair value	(589)
Liabilities of Consolidated Funds \| Excess MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| MSRs
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Commercial Notes Receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Real Estate and Other Securities
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Consumer Loans
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| SFR Properties
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Mortgage Loans Receivable
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	0
Unrealized (gain) loss on notes, fair value	0
Liabilities of Consolidated Funds \| Asset Management
Debt Instrument [Roll Forward]
Acquired borrowings, net of discount	218,746
Unrealized (gain) loss on notes, fair value	$ (589)

DEBT OBLIGATIONS - Contractual

DEBT OBLIGATIONS - Contractual Maturities of Debt Obligations (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt maturing in:
2024	$ 15,776,640
2025	4,011,784
2026	1,595,894
2027	1,154,737
2028 and thereafter	1,573,752
Total	24,112,807
Nonrecourse
Debt maturing in:
2024	3,726,128
2025	287,753
2026	0
2027	734,737
2028 and thereafter	1,573,752
Total	6,322,370
Recourse
Debt maturing in:
2024	12,050,512
2025	3,724,031
2026	1,595,894
2027	420,000
2028 and thereafter	0
Total	17,790,437
Nonrecourse, Secured Financing Agreements
Debt maturing in:
Total	900,000
Nonrecourse, Secured Notes And Bonds Payable
Debt maturing in:
Total	5,200,000
Nonrecourse, Unsecured Notes Net Of Issuance Costs
Debt maturing in:
Total	200,000
Recourse, Secured Financing Agreements
Debt maturing in:
Total	11,700,000
Recourse, Secured Notes And Bonds Payable
Debt maturing in:
Total	5,600,000
Recourse, Unsecured Notes Net Of Issuance Costs
Debt maturing in:
Total	$ 500,000

DEBT OBLIGATIONS - Schedule o_2

DEBT OBLIGATIONS - Schedule of Borrowing Capacity (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Residential mortgage loans, mortgage loans receivable, SFR, and commercial notes receivable \| Secured Financing Agreements
Debt Instrument [Line Items]
Borrowing Capacity	$ 6,433,613
Balance Outstanding	2,200,908
Available Financing	4,232,705
Loan originations \| Secured Financing Agreements
Debt Instrument [Line Items]
Borrowing Capacity	5,246,552
Balance Outstanding	1,420,382
Available Financing	3,826,170
CLOs \| Secured Financing Agreements
Debt Instrument [Line Items]
Borrowing Capacity	320,810
Balance Outstanding	186,378
Available Financing	134,432
Excess MSRs \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Borrowing Capacity	286,380
Balance Outstanding	181,521
Available Financing	104,859
MSRs \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Borrowing Capacity	5,997,814
Balance Outstanding	4,807,776
Available Financing	1,190,038
Servicer advances \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Borrowing Capacity	3,805,000
Balance Outstanding	2,533,360
Available Financing	1,271,640
SFR \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Borrowing Capacity	296,762
Balance Outstanding	195,411
Available Financing	101,351
Consolidated funds \| Secured Notes And Bonds Payable
Debt Instrument [Line Items]
Borrowing Capacity	52,500
Balance Outstanding	0
Available Financing	52,500
Debt Excess Borrowing Capacity
Debt Instrument [Line Items]
Borrowing Capacity	22,439,431
Balance Outstanding	11,525,736
Available Financing	$ 10,913,695

DEBT OBLIGATIONS - Schedule o_3

DEBT OBLIGATIONS - Schedule of Maximum Undiscounted Amounts (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 11,591
2025	29,819
2026	17,374
2027	18,994
Thereafter	190,143
Total Payments	$ 267,921

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Dec. 31, 2023		Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets:
MSRs and MSR financing receivables		$ 8,405,938		$ 8,889,403			$ 6,858,803
Real estate and other securities		9,757,664		8,289,277
Residential mortgage loans, held-for-sale	[1]	2,540,742		3,398,298
Residential mortgage loans, held-for-sale, at fair value		2,461,865		3,297,271
Residential mortgage loans subject to repurchase		1,782,998	[2]	1,219,890	[2]		1,787,314
Derivative assets		28,080		52,229
Note receivable		398,227		0
Loans receivable		31,323		94,401
Cash, cash equivalents and restricted cash		1,672,819		1,617,634			1,528,442	$ 1,080,473
Restricted cash		385,620		281,126
Other assets		1,489,419		921,373
Liabilities:
Derivative liabilities		115,531		18,064
Recurring Basis
Assets:
Excess MSRs, principal balance		60,049,904		67,454,370
MSRs and MSR financing receivables, principal balance		528,434,509		539,897,324
Servicer advance investments, principal balance		320,630		341,628
Real estate and other securities, principal balance		27,635,692		25,370,934
Residential mortgage loans, held-for-sale, principal balance		94,336		117,847
Residential mortgage loans, held for sale, at fair value, principal balance		2,460,924		3,387,888
Residential mortgage loans, held-for-investment, at fair value, principal balance		448,060		538,710
Residential mortgage loans subject to repurchase, principal balance		1,782,998		1,219,890
Consumer loans, principal balance		1,308,774		330,428
Derivative assets, principal balance		11,188,206		33,174,574
Mortgage loans receivable, principal balance		2,232,913		2,064,028
Notes receivable, principal balance		534,463		63,114
Loans receivable, principal balance		31,323		94,631
Cash, cash equivalents and restricted cash		1,672,819
Consolidated funds, principal balance		323,973
Cash and cash equivalents				1,336,508
Restricted cash				281,126
Liabilities:
Secured financing agreements, principal balance		12,570,327		11,260,242
Secured notes and bonds payable, principal balance		10,770,230		10,200,390
Unsecured senior notes, net of issuance costs, principal balance		814,739		545,056
Residential mortgage loan repurchase liability, principal balance		1,782,998		1,219,890
Derivative liabilities, principal balance		7,361,942		1,062,894
Notes payable of consolidated funds, principal balance		222,250
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value		14,398,561		13,455,778			13,425,847
Recurring Basis \| Mortgage Loans Receivable Securitization
Liabilities:
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value		46,300		45,800		$ 20,900
Recurring Basis \| Asset-Backed Securities Issued
Liabilities:
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value		554,800		632,400
Recurring Basis \| Level 3
Liabilities:
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value		453,927		319,486			511,107
Recurring Basis \| Level 3 \| Asset-Backed Securities Issued
Liabilities:
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value		235,770		319,486			$ 511,107
Recurring Basis \| Carrying Value
Assets:
Excess MSRs		271,150		321,803
MSRs and MSR financing receivables		8,405,938		8,889,403
Servicer advance investments		376,881		398,820
Real estate and other securities		9,782,217		8,289,277
Residential mortgage loans, held-for-sale		78,877		101,027
Residential mortgage loans, held-for-sale, at fair value		2,461,865		3,297,271
Residential mortgage loans, held-for-investment, at fair value		379,044		452,519
Residential mortgage loans subject to repurchase		1,782,998		1,219,890
Consumer loans		1,274,005		363,756
Derivative assets		28,080		52,229
Mortgage loans receivable		2,232,913		2,064,028
Note receivable		398,227		0
Loans receivable		31,323		94,401
Cash, cash equivalents and restricted cash		1,672,819
Investments of consolidated funds		321,856
Cash and cash equivalents				1,336,508
Restricted cash				281,126
Other assets		61,902		23,370
Assets, fair value		29,560,095		27,185,428
Liabilities:
Secured financing agreements		12,561,283		11,257,737
Secured notes and bonds payable		10,679,186		10,098,942
Unsecured senior notes, net of issuance costs		719,004		545,056
Residential mortgage loan repurchase liability		1,782,998		1,219,890
Derivative liabilities		115,531		18,064
Notes payable of consolidated funds		218,157
Liabilities, fair value		26,076,159		23,139,689
Recurring Basis \| Fair Value
Assets:
Excess MSRs		271,150		321,803
MSRs and MSR financing receivables		8,405,938		8,889,403
Servicer advance investments		376,881		398,820
Real estate and other securities		9,782,230		8,289,277
Residential mortgage loans, held-for-sale		78,877		101,196
Residential mortgage loans, held-for-sale, at fair value		2,461,865		3,297,271
Residential mortgage loans, held-for-investment, at fair value		379,044		452,519
Residential mortgage loans subject to repurchase		1,782,998		1,219,890
Consumer loans		1,274,005		363,756
Derivative assets		28,080		52,229
Mortgage loans receivable		2,232,913		2,064,028
Note receivable		398,227		0
Loans receivable		31,323		94,401
Cash, cash equivalents and restricted cash		1,672,819
Investments of consolidated funds		321,856
Cash and cash equivalents				1,336,508
Restricted cash				281,126
Other assets		61,902		23,370
Assets, fair value		29,560,108		27,185,597
Liabilities:
Secured financing agreements		12,561,448		11,257,737
Secured notes and bonds payable		11,004,780		9,911,778
Unsecured senior notes, net of issuance costs		708,328		493,064
Residential mortgage loan repurchase liability		1,782,998		1,219,890
Derivative liabilities		115,531		18,064
Notes payable of consolidated funds		218,157
Liabilities, fair value		26,391,242		22,900,533
Recurring Basis \| Fair Value \| Level 1
Assets:
Excess MSRs		0		0
MSRs and MSR financing receivables		0		0
Servicer advance investments		0		0
Real estate and other securities		24,566		0
Residential mortgage loans, held-for-sale		0		0
Residential mortgage loans, held-for-sale, at fair value		0		0
Residential mortgage loans, held-for-investment, at fair value		0		0
Residential mortgage loans subject to repurchase		0		0
Consumer loans		0		0
Derivative assets		0		0
Mortgage loans receivable		0		0
Note receivable		0		0
Loans receivable		0		0
Cash, cash equivalents and restricted cash		1,672,819
Investments of consolidated funds		0
Cash and cash equivalents				1,336,508
Restricted cash				281,126
Other assets		0		0
Assets, fair value		1,697,385		1,617,634
Liabilities:
Secured financing agreements		0		0
Secured notes and bonds payable		0		0
Unsecured senior notes, net of issuance costs		0		0
Residential mortgage loan repurchase liability		0		0
Derivative liabilities		63,766		0
Notes payable of consolidated funds		0
Liabilities, fair value		63,766		0
Recurring Basis \| Fair Value \| Level 1 \| US Treasury Bill Securities
Liabilities:
Amortized cost		24,600
Recurring Basis \| Fair Value \| Level 2
Assets:
Excess MSRs		0		0
MSRs and MSR financing receivables		0		0
Servicer advance investments		0		0
Real estate and other securities		8,533,130		7,338,417
Residential mortgage loans, held-for-sale		0		0
Residential mortgage loans, held-for-sale, at fair value		2,327,528		3,035,894
Residential mortgage loans, held-for-investment, at fair value		0		0
Residential mortgage loans subject to repurchase		1,782,998		1,219,890
Consumer loans		0		0
Derivative assets		1,598		36,214
Mortgage loans receivable		353,595		349,975
Note receivable		0		0
Loans receivable		0		0
Cash, cash equivalents and restricted cash		0
Investments of consolidated funds		0
Cash and cash equivalents				0
Restricted cash				0
Other assets		0		0
Assets, fair value		12,998,849		11,980,390
Liabilities:
Secured financing agreements		12,377,336		11,257,737
Secured notes and bonds payable		318,998		0
Unsecured senior notes, net of issuance costs		0		0
Residential mortgage loan repurchase liability		1,782,998		1,219,890
Derivative liabilities		49,087		10,835
Notes payable of consolidated funds		0
Liabilities, fair value		14,528,419		12,488,462
Recurring Basis \| Fair Value \| Level 3
Assets:
Excess MSRs		271,150		321,803
MSRs and MSR financing receivables		8,405,938		8,889,403
Servicer advance investments		376,881		398,820
Real estate and other securities		1,224,534		950,860
Residential mortgage loans, held-for-sale		78,877		101,196
Residential mortgage loans, held-for-sale, at fair value		134,337		261,377
Residential mortgage loans, held-for-investment, at fair value		379,044		452,519
Residential mortgage loans subject to repurchase		0		0
Consumer loans		1,274,005		363,756
Derivative assets		26,482		16,015
Mortgage loans receivable		1,879,318		1,714,053
Note receivable		398,227		0
Loans receivable		31,323		94,401
Cash, cash equivalents and restricted cash		0
Investments of consolidated funds		0
Cash and cash equivalents				0
Restricted cash				0
Other assets		61,902		23,370
Assets, fair value		14,542,018		13,587,573
Liabilities:
Secured financing agreements		184,112		0
Secured notes and bonds payable		10,685,782		9,911,778
Unsecured senior notes, net of issuance costs		708,328		493,064
Residential mortgage loan repurchase liability		0		0
Derivative liabilities		2,678		7,229
Notes payable of consolidated funds		218,157
Liabilities, fair value		11,799,057		10,412,071
Recurring Basis \| Fair Value \| Fair Value Measured at Net Asset Value Per Share
Assets:
Investments of consolidated funds		321,856
Other assets				$ 23,800
Assets, fair value		$ 321,856

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details. See Note 6 for details.

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Purchases, sales and repayments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Unrealized gain (loss) on available-for-sale securities, net
Fair Value, Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (loss)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized and unrealized gains (losses), net
Excess MSRs in Equity Method Investees
Purchases, sales and repayments
Ownership percentage	50%	50%
Non-Agency
Gain (loss) included in net income
Gain (loss) on settlement of investments, net	$ (200)	$ (1,600)
Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	13,455,778	13,425,847
Transfers
Transfers from Level 3	(399,044)	(1,726,112)
Transfers to Level 3	22,565	313,559
Acquisitions	216,229
Gain (loss) included in net income
Credit losses on securities	2,951	(710)
Servicing revenue, net	(565,684)	817,691
Excess MSRs	(12,712)	(2,962)
Excess MSRs, equity method investees		1,526
Real estate securities		(9,950)
Servicer advance investments	8,049	(16,076)
Consumer loans	(26,201)	(36,740)
Residential mortgage loans	14,911	(124,359)
Gain (loss) on settlement of investments, net	615	(45,321)
Other income (loss), net	80,162	(202,536)
Gains (losses) included in OCI	13,118	(45,709)
Interest income	111,050	121,981
Purchases, sales and repayments
Purchases, net	2,885,933	3,382,544
Proceeds from sales	(933,321)	(2,427,354)
Proceeds from repayments	(3,374,189)	(3,108,583)
Originations and other	2,898,351	3,139,042
Balance, ending	14,398,561	13,455,778
Recurring Basis \| Excess MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	321,803	344,947
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	(12,712)	(2,962)
Excess MSRs, equity method investees		1,526
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	615	107
Other income (loss), net	(348)	(65)
Gains (losses) included in OCI	0	0
Interest income	18,310	38,035
Purchases, sales and repayments
Purchases, net	0	0
Proceeds from sales	(4,212)	(997)
Proceeds from repayments	(52,306)	(58,788)
Originations and other	0	0
Balance, ending	271,150	321,803
Recurring Basis \| MSRs And MSR Financing Receivables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	8,889,403	6,858,803
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	(565,684)	817,691
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	0	0
Gains (losses) included in OCI	0	0
Interest income	0	0
Purchases, sales and repayments
Purchases, net	0	(967)
Proceeds from sales	(704,436)	(8,866)
Proceeds from repayments	0	0
Originations and other	786,655	1,222,742
Balance, ending	8,405,938	8,889,403
Recurring Basis \| Servicer Advances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	398,820	421,807
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		(9,950)
Servicer advance investments	8,049	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	0	0
Gains (losses) included in OCI	0	0
Interest income	22,180	42,005
Purchases, sales and repayments
Purchases, net	852,015	988,847
Proceeds from sales	0	0
Proceeds from repayments	(904,183)	(1,043,889)
Originations and other	0	0
Balance, ending	376,881	398,820
Recurring Basis \| Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	950,860	951,942
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	216,229
Gain (loss) included in net income
Credit losses on securities	2,951	(710)
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	(16,076)
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net		(1,560)
Other income (loss), net	20,934	0
Gains (losses) included in OCI	13,118	(45,709)
Interest income	27,207	15,114
Purchases, sales and repayments
Purchases, net	130,971	256,500
Proceeds from sales	0	(11,960)
Proceeds from repayments	(137,736)	(196,681)
Originations and other	0	0
Balance, ending	1,224,534	950,860
Recurring Basis \| Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	8,786	111,778
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	15,018	(102,992)
Gains (losses) included in OCI	0	0
Interest income	0	0
Purchases, sales and repayments
Purchases, net	0	0
Proceeds from sales	0	0
Proceeds from repayments	0	0
Originations and other	0	0
Balance, ending	23,804	8,786
Recurring Basis \| Residential Mortgage Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	713,896	2,423,337
Transfers
Transfers from Level 3	(41,430)	(1,279,709)
Transfers to Level 3	22,565	313,559
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	14,911	(124,359)
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	44,694	(35,020)
Gains (losses) included in OCI	0	0
Interest income	0	0
Purchases, sales and repayments
Purchases, net	38,992	2,099,549
Proceeds from sales	(252,183)	(2,405,531)
Proceeds from repayments	(91,249)	(272,224)
Originations and other	63,185	(5,706)
Balance, ending	513,381	713,896
Recurring Basis \| Consumer Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	363,756	507,291
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	(26,201)	(36,740)
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	0	0
Gains (losses) included in OCI	0	0
Interest income	37,717	13,891
Purchases, sales and repayments
Purchases, net	1,317,347	29,615
Proceeds from sales	27,510	0
Proceeds from repayments	(446,124)	(150,301)
Originations and other	0	0
Balance, ending	1,274,005	363,756
Recurring Basis \| Notes and Loans Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	94,401	290,180
Transfers
Transfers from Level 3	0	(1,000)
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	0
Other income (loss), net	231	(64,459)
Gains (losses) included in OCI	0	0
Interest income	5,636	12,936
Purchases, sales and repayments
Purchases, net	399,977	9,000
Proceeds from sales	0	0
Proceeds from repayments	(70,695)	(152,256)
Originations and other	0	0
Balance, ending	429,550	94,401
Recurring Basis \| Mortgage Loans Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,714,053	1,515,762
Transfers
Transfers from Level 3	(357,614)	(445,403)
Transfers to Level 3	0	0
Acquisitions	0
Gain (loss) included in net income
Credit losses on securities	0	0
Servicing revenue, net	0	0
Excess MSRs	0	0
Excess MSRs, equity method investees		0
Real estate securities		0
Servicer advance investments	0	0
Consumer loans	0	0
Residential mortgage loans	0	0
Gain (loss) on settlement of investments, net	0	(43,868)
Other income (loss), net	(367)	0
Gains (losses) included in OCI	0	0
Interest income	0	0
Purchases, sales and repayments
Purchases, net	146,631	0
Proceeds from sales	0	0
Proceeds from repayments	(1,671,896)	(1,234,444)
Originations and other	2,048,511	1,922,006
Balance, ending	$ 1,879,318	$ 1,714,053

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - Recurring Basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Asset-Backed Securities Issued
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 632,400
Purchases, sales and payments
Ending balance	554,800	$ 632,400
Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	319,486	511,107
Gains (losses) included in net income
Other income	4,971	(34,647)
Purchases, sales and payments
Purchases	218,746
Payments	(89,276)	(156,974)
Ending balance	453,927	319,486
Level 3 \| Asset-Backed Securities Issued
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	319,486	511,107
Gains (losses) included in net income
Other income	5,560	(34,647)
Purchases, sales and payments
Purchases	0
Payments	(89,276)	(156,974)
Ending balance	235,770	319,486
Level 3 \| Notes Payable of Consolidated Funds
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	0
Gains (losses) included in net income
Other income	(589)	0
Purchases, sales and payments
Purchases	218,746
Payments	0	0
Ending balance	$ 218,157	$ 0

FAIR VALUE MEASUREMENTS - Infor

FAIR VALUE MEASUREMENTS - Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	12 Months Ended
	Dec. 31, 2023 $ / Loan	Dec. 31, 2022 $ / Loan
Prepayment Rate \| MSRs And MSR Financing Receivables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.003	0.013
Prepayment Rate \| MSRs And MSR Financing Receivables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.837	0.978
Prepayment Rate \| MSRs And MSR Financing Receivables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.086	0.092
Prepayment Rate \| MSRs And MSR Financing Receivables \| Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.006	0.026
Prepayment Rate \| MSRs And MSR Financing Receivables \| Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.837	0.978
Prepayment Rate \| MSRs And MSR Financing Receivables \| Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.073	0.080
Prepayment Rate \| MSRs And MSR Financing Receivables \| Non-Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.003	0.013
Prepayment Rate \| MSRs And MSR Financing Receivables \| Non-Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.834	0.932
Prepayment Rate \| MSRs And MSR Financing Receivables \| Non-Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.122	0.150
Prepayment Rate \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.050	0.028
Prepayment Rate \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.819	0.812
Prepayment Rate \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.105	0.103
Prepayment Rate \| Directly Held \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.024	0.028
Prepayment Rate \| Directly Held \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.122	0.135
Prepayment Rate \| Directly Held \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.065	0.073
Prepayment Rate \| Held through Equity Method Investees \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.063	0.084
Prepayment Rate \| Held through Equity Method Investees \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.090	0.11
Prepayment Rate \| Held through Equity Method Investees \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.078	0.094
Delinquency \| MSRs And MSR Financing Receivables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0	0.001
Delinquency \| MSRs And MSR Financing Receivables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	1	0.800
Delinquency \| MSRs And MSR Financing Receivables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.061	0.053
Delinquency \| MSRs And MSR Financing Receivables \| Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0	0.001
Delinquency \| MSRs And MSR Financing Receivables \| Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	1	0.667
Delinquency \| MSRs And MSR Financing Receivables \| Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.023	0.020
Delinquency \| MSRs And MSR Financing Receivables \| Non-Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.009	0.010
Delinquency \| MSRs And MSR Financing Receivables \| Non-Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.833	0.750
Delinquency \| MSRs And MSR Financing Receivables \| Non-Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.232	0.211
Delinquency \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.003	0.002
Delinquency \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.800	0.800
Delinquency \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.097	0.089
Delinquency \| Directly Held \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.002	0.002
Delinquency \| Directly Held \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.088	0.101
Delinquency \| Directly Held \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.043	0.036
Delinquency \| Held through Equity Method Investees \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.022	0.029
Delinquency \| Held through Equity Method Investees \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.056	0.054
Delinquency \| Held through Equity Method Investees \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.035	0.039
Recapture Rate \| Directly Held \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0	0
Recapture Rate \| Directly Held \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.911	0.914
Recapture Rate \| Directly Held \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.552	0.554
Recapture Rate \| Held through Equity Method Investees \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.451	0.454
Recapture Rate \| Held through Equity Method Investees \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.643	0.64
Recapture Rate \| Held through Equity Method Investees \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.590	0.587
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0003	0.0002
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0242	0.0216
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0033	0.0034
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0006	0.0007
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0104	0.0104
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0027	0.0030
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Non-Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0003	0.0002
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Non-Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0242	0.0216
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Non-Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0046	0.0046
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0019	0.0011
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0082	0.0086
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0043	0.0041
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Directly Held \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0001	0.0006
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Directly Held \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0055	0.0031
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Directly Held \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0020	0.0019
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Held through Equity Method Investees \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0016	0.0015
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Held through Equity Method Investees \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0025	0.0026
Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) \| Held through Equity Method Investees \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.0021	0.0021
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	0 years	0 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	40 years	39 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	24 years	24 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	0 years	0 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	40 years	39 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	23 years	23 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Non-Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	0 years	0 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Non-Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	40 years	36 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Non-Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	21 years	24 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	1 year	0 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	39 years	39 years
Collateral Weighted Average Maturity (Years) \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	27 years	27 years
Collateral Weighted Average Maturity (Years) \| Directly Held \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	11 years	11 years
Collateral Weighted Average Maturity (Years) \| Directly Held \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	27 years	29 years
Collateral Weighted Average Maturity (Years) \| Directly Held \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	20 years	21 years
Collateral Weighted Average Maturity (Years) \| Held through Equity Method Investees \| Excess MSRs \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	14 years	15 years
Collateral Weighted Average Maturity (Years) \| Held through Equity Method Investees \| Excess MSRs \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	21 years	22 years
Collateral Weighted Average Maturity (Years) \| Held through Equity Method Investees \| Excess MSRs \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	18 years	19 years
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	6.38	6.80
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	7.08	7
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	6.99	6.90
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Non-Agency \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	7.50	7.30
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Non-Agency \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	9.57	17.20
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Non-Agency \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	9.16	8.70
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	8.37	8.30
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input		8.40
Measurement Input, Servicing Cost \| MSRs And MSR Financing Receivables \| Ginnie Mae \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input		8.30

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Alternative investment	$ 70.2
Secured Notes and Bonds Payable \| Sculptor
Schedule of Equity Method Investments [Line Items]
Unsecured senior notes, net of issuance costs	218.2
Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment	(1.7)	$ (0.7)
Residential mortgage loans, held-for-sale, at fair value
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment	1.9	(8.3)
Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value	84.8	102.3
Fair Value, Measurements, Nonrecurring \| Residential Mortgage Loans, Held-for-Sale
Schedule of Equity Method Investments [Line Items]
Assets, fair value	78.9	91.8
Fair Value, Measurements, Nonrecurring \| Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Assets, fair value	$ 5.9	$ 10.5
Maturity Greater than 30 Days
Schedule of Equity Method Investments [Line Items]
Days delinquent (in days)	30 days
Weighted Average
Schedule of Equity Method Investments [Line Items]
Broker price discount	22%
Minimum
Schedule of Equity Method Investments [Line Items]
Recapture rate, term (in months)	3 months
Broker price discount	10%
Maximum
Schedule of Equity Method Investments [Line Items]
Recapture rate, term (in months)	6 months
Broker price discount	25%
Excess MSRs \| Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate	8.80%	8.30%
Excess MSRs \| Minimum
Schedule of Equity Method Investments [Line Items]
Discount rate	8.50%	8%
Excess MSRs \| Maximum
Schedule of Equity Method Investments [Line Items]
Discount rate	9%	8.50%
MSRs \| Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate	8.50%	8.30%
MSRs \| Minimum
Schedule of Equity Method Investments [Line Items]
Discount rate	7.90%	7.60%
MSRs \| Maximum
Schedule of Equity Method Investments [Line Items]
Discount rate	10.80%	9.80%
Secured Overnight Financing Rate \| MSRs And MSR Financing Receivables
Schedule of Equity Method Investments [Line Items]
Variable interest rate spread	4.10%

FAIR VALUE MEASUREMENTS - Effec

FAIR VALUE MEASUREMENTS - Effect of Percentage Change In Measurement Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 8,405,938	$ 8,889,403	$ 6,858,803
MSRs And MSR Financing Receivables \| Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	5,333,013
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	5,757,003
Change in estimated fair value:
Amount	$ 423,990
Percentage	8%
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,563,978
Change in estimated fair value:
Amount	$ 230,965
Percentage	4.30%
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,421,739
Change in estimated fair value:
Amount	$ 88,726
Percentage	1.70%
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,537,037
Change in estimated fair value:
Amount	$ 204,024
Percentage	3.80%
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,443,232
Change in estimated fair value:
Amount	$ 110,219
Percentage	2.10%
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,380,879
Change in estimated fair value:
Amount	$ 47,866
Percentage	0.90%
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,143,139
Change in estimated fair value:
Amount	$ (189,874)
Percentage	(3.60%)
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,232,375
Change in estimated fair value:
Amount	$ (100,638)
Percentage	(1.90%)
MSRs And MSR Financing Receivables \| Agency \| Ten Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,278,297
Change in estimated fair value:
Amount	$ (54,716)
Percentage	(1.00%)
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 4,966,298
Change in estimated fair value:
Amount	$ (366,715)
Percentage	(6.90%)
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,138,726
Change in estimated fair value:
Amount	$ (194,287)
Percentage	(3.60%)
MSRs And MSR Financing Receivables \| Agency \| Twenty Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 5,217,507
Change in estimated fair value:
Amount	$ (115,506)
Percentage	(2.20%)
MSRs And MSR Financing Receivables \| Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 678,913
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	748,078
Change in estimated fair value:
Amount	$ 69,165
Percentage	10.20%
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 717,516
Change in estimated fair value:
Amount	$ 38,603
Percentage	5.70%
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 712,026
Change in estimated fair value:
Amount	$ 33,113
Percentage	4.90%
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 711,922
Change in estimated fair value:
Amount	$ 33,009
Percentage	4.90%
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 697,670
Change in estimated fair value:
Amount	$ 18,757
Percentage	2.80%
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 696,250
Change in estimated fair value:
Amount	$ 17,337
Percentage	2.60%
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 648,681
Change in estimated fair value:
Amount	$ (30,232)
Percentage	(4.50%)
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 661,047
Change in estimated fair value:
Amount	$ (17,866)
Percentage	(2.60%)
MSRs And MSR Financing Receivables \| Non-Agency \| Ten Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 660,167
Change in estimated fair value:
Amount	$ (18,746)
Percentage	(2.80%)
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 620,917
Change in estimated fair value:
Amount	$ (57,996)
Percentage	(8.50%)
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 644,005
Change in estimated fair value:
Amount	$ (34,908)
Percentage	(5.10%)
MSRs And MSR Financing Receivables \| Non-Agency \| Twenty Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 640,286
Change in estimated fair value:
Amount	$ (38,627)
Percentage	(5.70%)
MSRs And MSR Financing Receivables \| Ginnie Mae
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,394,012
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	2,584,318
Change in estimated fair value:
Amount	$ 190,306
Percentage	7.90%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,535,281
Change in estimated fair value:
Amount	$ 141,269
Percentage	5.90%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,568,437
Change in estimated fair value:
Amount	$ 174,425
Percentage	7.30%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Decrease In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,485,472
Change in estimated fair value:
Amount	$ 91,460
Percentage	3.80%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Decrease In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,460,736
Change in estimated fair value:
Amount	$ 66,724
Percentage	2.80%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Decrease In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,484,912
Change in estimated fair value:
Amount	$ 90,900
Percentage	3.80%
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,309,232
Change in estimated fair value:
Amount	$ (84,780)
Percentage	(3.50%)
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,332,802
Change in estimated fair value:
Amount	$ (61,210)
Percentage	(2.60%)
MSRs And MSR Financing Receivables \| Ginnie Mae \| Ten Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,297,211
Change in estimated fair value:
Amount	$ (96,801)
Percentage	(4.00%)
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Increase In Measurement Input \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,230,420
Change in estimated fair value:
Amount	$ (163,592)
Percentage	(6.80%)
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Increase In Measurement Input \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,277,856
Change in estimated fair value:
Amount	$ (116,156)
Percentage	(4.90%)
MSRs And MSR Financing Receivables \| Ginnie Mae \| Twenty Percent Increase In Measurement Input \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Estimated fair value	$ 2,195,842
Change in estimated fair value:
Amount	$ (198,170)
Percentage	(8.30%)

FAIR VALUE MEASUREMENTS - Inf_2

FAIR VALUE MEASUREMENTS - Information Regarding the Inputs used in Valuing the Servicer Advances (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value inputs, monthly servicing fee	0.108%	0.108%
Servicer Advances \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	1.10%	1.20%
Servicer Advances \| Minimum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.028	0.034
Servicer Advances \| Minimum \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.033	0.034
Servicer Advances \| Minimum \| Mortgage Servicing Amount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.00182	0.00180
Servicer Advances \| Minimum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.062	0.057
Servicer Advances \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.10%	2.20%
Servicer Advances \| Maximum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.045	0.046
Servicer Advances \| Maximum \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.258	0.196
Servicer Advances \| Maximum \| Mortgage Servicing Amount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.00199	0.00198
Servicer Advances \| Maximum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.067	0.062
Servicer Advances \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.10%	2.10%
Servicer Advances \| Weighted Average \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.044	0.046
Servicer Advances \| Weighted Average \| Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.253	0.191
Servicer Advances \| Weighted Average \| Mortgage Servicing Amount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.00198	0.00198
Servicer Advances \| Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.062	0.057
Servicer Advances \| Weighted Average \| Collateral Weighted Average Maturity (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (Years)	21 years 9 months 18 days	21 years 10 months 24 days

FAIR VALUE MEASUREMENTS - Real

FAIR VALUE MEASUREMENTS - Real Estate And Other Securities Valuation Methodology and Results (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) source	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	$ 27,610,692	$ 25,370,934
Amortized Cost Basis	9,611,416	8,237,819
Real estate and other securities	$ 9,757,664	8,289,277
Number of broker quotation sources \| source	2
Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	$ 9,523,776	8,289,263
Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	233,888	14
Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	8,590,260	7,463,522
Amortized Cost Basis	8,417,025	7,290,473
Agency \| Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	8,533,130	7,338,417
Agency \| Level 2 \| Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	8,533,130	7,338,417
Agency \| Level 2 \| Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	0	0
Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	19,020,432	17,907,412
Amortized Cost Basis	$ 1,194,391	$ 947,346
Percent of securities	46.80%	50.40%
Fair Value	$ 572,604	$ 479,406
Non-Agency \| Minimum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.041	0.035
Non-Agency \| Minimum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0	0
Non-Agency \| Minimum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0	0
Non-Agency \| Minimum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0	0
Non-Agency \| Maximum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.335	0.150
Non-Agency \| Maximum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.200	0.250
Non-Agency \| Maximum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.080	0.120
Non-Agency \| Maximum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.450	0.880
Non-Agency \| Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.062	0.065
Non-Agency \| Weighted Average \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.113	0.111
Non-Agency \| Weighted Average \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.011	0.006
Non-Agency \| Weighted Average \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate	0.206	0.103
Non-Agency \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	$ 1,224,534	$ 950,860
Non-Agency \| Level 3 \| Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	990,646	950,846
Non-Agency \| Level 3 \| Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities	$ 233,888	$ 14

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Inputs Used In Valuing Residential Mortgage Loans, Consumer Loans, Mortgage Loans Receivable, Derivatives, and Mortgage Backed Securities (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
December 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, fair value	$ 379,044	$ 452,519
December 31, 2023 \| Discount Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.079	0.038
December 31, 2023 \| Discount Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.083	0.087
December 31, 2023 \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.081	0.085
December 31, 2023 \| Prepayment Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.029	0.093
December 31, 2023 \| Prepayment Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.035	0.163
December 31, 2023 \| Prepayment Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.032	0.123
December 31, 2023 \| CDR \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.014	0.001
December 31, 2023 \| CDR \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.059	0.137
December 31, 2023 \| CDR \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.043	0.067
December 31, 2023 \| Loss Severity \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.244	0.232
December 31, 2023 \| Loss Severity \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.574	0.550
December 31, 2023 \| Loss Severity \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, measurement input	0.461	0.403
Consumer loans held-for-investment, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans	$ 1,274,005
Consumer loans held-for-investment, at fair value \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans	285,632	$ 363,756
Consumer loans held-for-investment, at fair value \| Marcus
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans	$ 988,373
Consumer loans held-for-investment, at fair value \| Discount Rate \| Minimum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.084	0.083
Consumer loans held-for-investment, at fair value \| Discount Rate \| Maximum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.094	0.093
Consumer loans held-for-investment, at fair value \| Discount Rate \| Weighted Average \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.086	0.086
Consumer loans held-for-investment, at fair value \| Discount Rate \| Weighted Average \| Marcus
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.095
Consumer loans held-for-investment, at fair value \| Prepayment Rate \| Minimum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.097	0.068
Consumer loans held-for-investment, at fair value \| Prepayment Rate \| Maximum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.373	0.332
Consumer loans held-for-investment, at fair value \| Prepayment Rate \| Weighted Average \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.170	0.287
Consumer loans held-for-investment, at fair value \| Prepayment Rate \| Weighted Average \| Marcus
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.225
Consumer loans held-for-investment, at fair value \| CDR \| Minimum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.017	0
Consumer loans held-for-investment, at fair value \| CDR \| Maximum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.071	0.071
Consumer loans held-for-investment, at fair value \| CDR \| Weighted Average \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.048	0.043
Consumer loans held-for-investment, at fair value \| CDR \| Weighted Average \| Marcus
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.062
Consumer loans held-for-investment, at fair value \| Loss Severity \| Minimum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.825	0.894
Consumer loans held-for-investment, at fair value \| Loss Severity \| Maximum \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	1	1
Consumer loans held-for-investment, at fair value \| Loss Severity \| Weighted Average \| SpringCastle
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.933	0.947
Consumer loans held-for-investment, at fair value \| Loss Severity \| Weighted Average \| Marcus
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Consumer loans, held-for-investment, measurement input	0.930
Mortgage Loans Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable	$ 114,366
Mortgage Loans Receivable \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.110
Mortgage Loans Receivable \| Prepayment Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0
Mortgage Loans Receivable \| CDR \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.018
Mortgage Loans Receivable \| CDR \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.025
Mortgage Loans Receivable \| CDR \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.022
Mortgage Loans Receivable \| Loss Severity \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.250
December 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, fair value	$ 23,804	$ 8,786
December 31, 2023 \| Loan Funding Probability \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0	0
December 31, 2023 \| Loan Funding Probability \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	1	1
December 31, 2023 \| Loan Funding Probability \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.808	0.825
December 31, 2023 \| Fair Value of Initial Servicing Rights (bps) \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.00070	(0.01502)
December 31, 2023 \| Fair Value of Initial Servicing Rights (bps) \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.03313	0.03246
December 31, 2023 \| Fair Value of Initial Servicing Rights (bps) \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.02105	0.01856
Asset-Backed Securities Issued
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, fair value	$ 235,770	$ 319,486
Asset-Backed Securities Issued \| Discount Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.033
Asset-Backed Securities Issued \| Discount Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.063
Asset-Backed Securities Issued \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input	0.060	0.061
Asset-Backed Securities Issued \| Prepayment Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.137
Asset-Backed Securities Issued \| Prepayment Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.218
Asset-Backed Securities Issued \| Prepayment Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input	0.17	0.213
Asset-Backed Securities Issued \| CDR \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.001
Asset-Backed Securities Issued \| CDR \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.042
Asset-Backed Securities Issued \| CDR \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input	0.048	0.039
Asset-Backed Securities Issued \| Loss Severity \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.440
Asset-Backed Securities Issued \| Loss Severity \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input		0.947
Asset-Backed Securities Issued \| Loss Severity \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Asset-backed securities, measurement input	0.933	0.916
Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Dealer price quotes and historical sale transactions \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.507
Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Dealer price quotes and historical sale transactions \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	1
Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Dealer price quotes and historical sale transactions \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.857
Performing \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 78,794	$ 236,452
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 45,545	$ 52,467
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.079	0.085
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.083	0.087
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.082	0.085
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Prepayment Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.020	0.093
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Prepayment Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.098	0.114
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Prepayment Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.059	0.097
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| CDR \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.013	0.043
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| CDR \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.059	0.083
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| CDR \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.023	0.050
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Loss Severity \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.126	0.200
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Loss Severity \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.574	0.371
Performing \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Loss Severity \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.290	0.241
Performing \| Originated loans \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 33,249	$ 183,985
Loans held-for-sale, measurement input	0.555
Performing \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.073
Performing \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Prepayment Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.089
Performing \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| CDR \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.036
Performing \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Loss Severity \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.207
Non-performing loans \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 25,993	24,925
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 18,944	$ 20,759
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.077	0.087
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.082	0.559
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.081	0.090
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Annual change in home prices \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.035	0.332
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Annual change in home prices \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.072	0.559
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Annual change in home prices \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.059	0.407
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Liquidation Timeline (in years) \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, term	5 years 6 months	2 years 2 months 12 days
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Liquidation Timeline (in years) \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, term	11 years	3 years 9 months 18 days
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Liquidation Timeline (in years) \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, term	6 years 6 months	2 years 9 months 18 days
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Current Value of Underlying Properties \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	2.357	1.916
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Current Value of Underlying Properties \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	8.960	2.606
Non-performing loans \| Acquired loans \| Residential mortgage loans held-for-sale, at fair value \| Current Value of Underlying Properties \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	2.970	2.145
Non-performing loans \| Originated loans \| Residential mortgage loans held-for-sale, at fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 7,049	$ 4,166
Loans held-for-sale, measurement input	0.706
Non-performing loans \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Discount Rate \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, measurement input	0.073
Non-performing loans \| Originated loans \| Residential mortgage loans held-for-sale, at fair value \| Liquidation Timeline (in years) \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, term	7 years 7 months 6 days

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Notes And Loans Receivable (Details) - USD ($) $ in Thousands	Nov. 16, 2023	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Notes Receivable		$ 398,227	$ 0
Loans receivable		31,323	94,401
Total / weighted average		$ 429,550	$ 94,401
Face value of notes receivable acquired	$ 429,200
Notes receivable purchased	365,000
Fair value of notes receivable acquired	$ 365,000
Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discount Rate		12.60%	16.10%

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Fair Value of Structured Alternative Investment Solution (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) d
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Alternative investment	$ 70,200
Investments subject to initial lock-up period	$ 164,100
Initial lock-up period	3 years
Percentage of investments that cannot be redeemed	100%
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Redemption Notice Period \| d	30
Liquidation term	6 years
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Redemption Notice Period \| d	90
Liquidation term	9 years
Fair Value \| Fair Value Measured at Net Asset Value Per Share
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Alternative investment	$ 321,856
Fair Value \| Fair Value Measured at Net Asset Value Per Share \| Open-ended
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Alternative investment	228,698
Fair Value \| Fair Value Measured at Net Asset Value Per Share \| Close-ended
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Alternative investment	$ 93,158

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Inputs Used in Valuing Assets and Liabilities At Fair Value (Details) - Fair Value, Measurements, Nonrecurring - Fair Value $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value and Carrying Value	$ 78,877	$ 91,814
Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.082	0.086
Weighted Average \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	5 years 9 months 18 days	4 years 8 months 12 days
Weighted Average \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.034	0.126
Weighted Average \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.042	0.080
Weighted Average \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.361	0.272
Performing
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value and Carrying Value	$ 57,038	$ 72,595
Performing \| Minimum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.061	0.053
Performing \| Minimum \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	5 years	5 years
Performing \| Minimum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.020	0.093
Performing \| Minimum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.026	0.043
Performing \| Minimum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.305	0.200
Performing \| Maximum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.083	0.087
Performing \| Maximum \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	7 years 10 months 24 days	7 years 2 months 12 days
Performing \| Maximum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.066	0.114
Performing \| Maximum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.059	0.083
Performing \| Maximum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.574	0.371
Performing \| Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.081	0.085
Performing \| Weighted Average \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	5 years 10 months 24 days	5 years 2 months 12 days
Performing \| Weighted Average \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.037	0.094
Performing \| Weighted Average \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.031	0.045
Performing \| Weighted Average \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.373	0.239
Non-performing loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value and Carrying Value	$ 21,839	$ 19,219
Non-performing loans \| Minimum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.077	0.087
Non-performing loans \| Minimum \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	4 years 3 months 18 days	2 years 2 months 12 days
Non-performing loans \| Minimum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.025	0.163
Non-performing loans \| Minimum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.014	0.137
Non-performing loans \| Minimum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.244	0.395
Non-performing loans \| Maximum \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.091	0.091
Non-performing loans \| Maximum \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	11 years	3 years 9 months 18 days
Non-performing loans \| Maximum \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.029	0.311
Non-performing loans \| Maximum \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.139	0.275
Non-performing loans \| Maximum \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.444	0.398
Non-performing loans \| Weighted Average \| Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.085	0.089
Non-performing loans \| Weighted Average \| Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average Life (Years)	5 years 8 months 12 days	2 years 10 months 24 days
Non-performing loans \| Weighted Average \| Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.027	0.246
Non-performing loans \| Weighted Average \| CDR
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.068	0.215
Non-performing loans \| Weighted Average \| Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.329	0.396

VARIABLE INTEREST ENTITIES - Na

VARIABLE INTEREST ENTITIES - Narrative (Details) - USD ($)		1 Months Ended		12 Months Ended
VARIABLE INTEREST ENTITIES - Narrative (Details) - USD ($)		Mar. 31, 2022	May 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 25, 2020
Variable Interest Entity [Line Items]
Face amount of debt				$ 23,562,807,000
Long-term debt				24,112,807,000
Aggregate principal amount	[1]			10,679,186,000	$ 10,098,943,000
Recurring Basis
Variable Interest Entity [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value				14,398,561,000	13,455,778,000	$ 13,425,847,000
Recurring Basis \| Mortgage Loans Receivable Securitization
Variable Interest Entity [Line Items]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value		$ 20,900,000		$ 46,300,000	$ 45,800,000
Consumer Loan Companies
Variable Interest Entity [Line Items]
Owner interest				53.50%
2022-RTL1 Securitization \| Mortgage Loans Receivable
Variable Interest Entity [Line Items]
Debt instrument, term		36 years
Securitization Notes Payable \| Consumer Loan Companies
Variable Interest Entity [Line Items]
Face amount of debt							$ 663,000,000
Securitization Notes Payable \| 2022-RTL1 Securitization
Variable Interest Entity [Line Items]
Face amount of debt		$ 461,200,000
Long-term debt		$ 353,600,000
Secured Notes and Bonds Payable \| Sculptor
Variable Interest Entity [Line Items]
Aggregate principal amount				$ 350,000,000
Notes payable retained				127,800,000
Unsecured senior notes, net of issuance costs				218,200,000
Secured Notes and Bonds Payable \| Class A Notes \| Sculptor
Variable Interest Entity [Line Items]
Notes payable retained				20,000,000
Secured Notes and Bonds Payable \| Class C Notes \| Sculptor
Variable Interest Entity [Line Items]
Notes payable retained				20,000,000
Secured Notes and Bonds Payable \| Subordinated Notes \| Sculptor
Variable Interest Entity [Line Items]
Notes payable retained				87,800,000
VIE, consolidated \| Securitization Notes Payable \| Securitization Facility, 2021-1
Variable Interest Entity [Line Items]
Face amount of debt			$ 750,000,000
Debt instrument, term			3 years
VIE, consolidated \| Line of Credit \| Revolving Credit Facility
Variable Interest Entity [Line Items]
Line of credit facility, maximum borrowing capacity				52,500,000
Line of credit facility, maximum borrowing capacity per quarter				$ 20,000,000
Unused commitment fee				1.15%
VIE, consolidated \| Line of Credit \| Revolving Credit Facility \| Secured Overnight Financing Rate
Variable Interest Entity [Line Items]
Variable interest rate spread				3%
Advance Purchaser \| Corporate Joint Venture
Variable Interest Entity [Line Items]
Ownership percentage				89.30%	89.30%	89.30%
Advance Purchaser \| Corporate Joint Venture \| VIE, consolidated
Variable Interest Entity [Line Items]
Ownership percentage				89.30%

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

VARIABLE INTEREST ENTITIES - Va

VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets
Servicer advance investments, at fair value		$ 376,881	$ 398,820
Residential mortgage loans, held-for-investment, at fair value		379,044	452,519
Residential mortgage loans, held-for-sale, at fair value		2,461,865	3,297,271
Cash and cash equivalents	[1]	1,287,199	1,336,508
Restricted cash		385,620	281,126
Total assets		35,311,785	32,479,336
Liabilities
Secured financing agreements	[1]	12,561,283	11,257,736
Accrued expenses and other liabilities	[1]	2,332,379	1,486,667
Total liabilities		28,210,747	25,469,268
VIE, consolidated
Assets
Servicer advance investments, at fair value		367,803	387,675
Residential mortgage loans, held-for-investment, at fair value			22,699
Residential mortgage loans, held-for-sale, at fair value		1,112,097	844,000
Consumer loans		285,632	363,756
Restricted cash		353,594	349,975
Cash and cash equivalents		23,540	85,961
Restricted cash		28,259	31,000
Other assets		350,482	172,025
Total assets		2,521,407	2,257,091
Liabilities
Secured financing agreements			51,325
Secured notes and bonds payable		1,826,017	1,694,468
Accrued expenses and other liabilities		232,027	33,108
Total liabilities		2,058,044	1,778,901
VIE, consolidated \| Advance Purchaser
Assets
Servicer advance investments, at fair value		367,803	387,675
Residential mortgage loans, held-for-investment, at fair value			0
Residential mortgage loans, held-for-sale, at fair value		0	0
Consumer loans		0	0
Restricted cash		0	0
Cash and cash equivalents		5,381	34,084
Restricted cash		8,273	7,433
Other assets		9	9
Total assets		381,466	429,201
Liabilities
Secured financing agreements			0
Secured notes and bonds payable		274,404	313,093
Accrued expenses and other liabilities		2,606	1,928
Total liabilities		277,010	315,021
VIE, consolidated \| Newrez Joint Ventures
Assets
Servicer advance investments, at fair value		0	0
Residential mortgage loans, held-for-investment, at fair value			0
Residential mortgage loans, held-for-sale, at fair value		0	0
Consumer loans		0	0
Restricted cash		0	0
Cash and cash equivalents		18,159	28,404
Restricted cash		0	0
Other assets		688	1,026
Total assets		18,847	29,430
Liabilities
Secured financing agreements			0
Secured notes and bonds payable		0	0
Accrued expenses and other liabilities		2,240	4,306
Total liabilities		2,240	4,306
VIE, consolidated \| Residential Mortgage Loans
Assets
Servicer advance investments, at fair value		0	0
Residential mortgage loans, held-for-investment, at fair value			22,699
Residential mortgage loans, held-for-sale, at fair value		1,112,097	844,000
Consumer loans		0	0
Restricted cash		0	0
Cash and cash equivalents		0	23,473
Restricted cash		6,113	7,547
Other assets		0	165,975
Total assets		1,118,210	1,063,694
Liabilities
Secured financing agreements			51,325
Secured notes and bonds payable		996,845	768,959
Accrued expenses and other liabilities		5,382	25,381
Total liabilities		1,002,227	845,665
VIE, consolidated \| Consumer Loan Companies
Assets
Servicer advance investments, at fair value		0	0
Residential mortgage loans, held-for-investment, at fair value			0
Residential mortgage loans, held-for-sale, at fair value		0	0
Consumer loans		285,632	363,756
Restricted cash		0	0
Cash and cash equivalents		0	0
Restricted cash		6,301	6,652
Other assets		4,325	5,253
Total assets		296,258	375,661
Liabilities
Secured financing agreements			0
Secured notes and bonds payable		235,770	299,498
Accrued expenses and other liabilities		1,507	1,144
Total liabilities		237,277	300,642
VIE, consolidated \| Mortgage Loans Receivable
Assets
Servicer advance investments, at fair value		0	0
Residential mortgage loans, held-for-investment, at fair value			0
Residential mortgage loans, held-for-sale, at fair value		0	0
Consumer loans		0	0
Restricted cash		353,594	349,975
Cash and cash equivalents		0	0
Restricted cash		7,572	9,368
Other assets		4,531	(238)
Total assets		365,697	359,105
Liabilities
Secured financing agreements			0
Secured notes and bonds payable		318,998	312,918
Accrued expenses and other liabilities		372	349
Total liabilities		319,370	313,267
VIE, consolidated \| Consolidated Funds
Assets
Servicer advance investments, at fair value		0	0
Residential mortgage loans, held-for-investment, at fair value			0
Residential mortgage loans, held-for-sale, at fair value		0	0
Consumer loans		0	0
Restricted cash		0	0
Cash and cash equivalents		0	0
Restricted cash		0	0
Other assets		340,929	0
Total assets		340,929	0
Liabilities
Secured financing agreements			0
Secured notes and bonds payable		0	0
Accrued expenses and other liabilities		219,920	0
Total liabilities		$ 219,920	$ 0

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

VARIABLE INTEREST ENTITIES - _2

VARIABLE INTEREST ENTITIES - Variable Interest Entities, Characteristics (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Carrying value of commercial real estate held within unconsolidated VIEs	$ 821,319	$ 0
Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs	173,882	71,388
Variable Interest Entity, Not Primary Beneficiary \| Real Estate Bonds
Variable Interest Entity [Line Items]
Residential mortgage loan UPB and other collateral	$ 10,901,751	$ 12,035,403
Weighted average delinquency	4.20%	4.70%
Net credit losses	$ 163,125	$ 139,908
Face amount of debt held by third parties	9,857,607	11,050,277
Carrying value of bonds retained by Rithm Capital	963,953	933,189
Cash flows received by Rithm Capital on these bonds	$ 155,972	214,941
Number of days delinquent (in days)	60 days
Variable Interest Entity, Not Primary Beneficiary \| Commercial Real Estate
Variable Interest Entity [Line Items]
Carrying value of commercial real estate held within unconsolidated VIEs	$ 66,652	0
Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs	$ 29,210	$ 0

VARIABLE INTEREST ENTITIES - _3

VARIABLE INTEREST ENTITIES - Variable Interest Entities, Unconsolidated (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Net assets of unconsolidated VIEs in which the Company has a variable interest	$ 12,782,124	$ 0
Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs:
Unearned income and fees	37,468	0
Income and fees receivable	43,250	0
Investments	533,026	0
Unfunded commitments	207,575	0
Maximum Exposure to Loss	821,319	0
Employees And Executive Managing Directors
Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs:
Unfunded commitments	$ 97,500	$ 0

VARIABLE INTEREST ENTITIES - Ot

VARIABLE INTEREST ENTITIES - Others' Interest in Equity of Consumer Loan Companies (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Total Consolidated Equity		$ 7,101,038	$ 7,010,068	$ 6,669,380	$ 5,429,684
Others' Interest in Equity of Consolidated Subsidiary	[1]	94,096	67,067
Net income (loss)		630,674	983,285	805,582
Others’ interest in net income (loss) of consolidated subsidiaries		$ 8,417	$ 28,766	$ 33,356
Advance Purchaser \| Corporate Joint Venture
Noncontrolling Interest [Line Items]
Ownership percentage		89.30%	89.30%	89.30%
VIE, consolidated \| Advance Purchaser \| Corporate Joint Venture
Noncontrolling Interest [Line Items]
Ownership percentage		89.30%
VIE, consolidated \| Advance Purchaser
Noncontrolling Interest [Line Items]
Others' Ownership Interest		10.70%	10.70%
VIE, consolidated \| Advance Purchaser \| Weighted Average
Noncontrolling Interest [Line Items]
Others' Ownership Interest		10.70%	10.70%	12.90%
VIE, consolidated \| Newrez Joint Ventures
Noncontrolling Interest [Line Items]
Others' Ownership Interest		49.50%	49.50%
VIE, consolidated \| Newrez Joint Ventures \| Weighted Average
Noncontrolling Interest [Line Items]
Others' Ownership Interest		49.50%	49.50%	49.50%
VIE, consolidated \| Consumer Loan Companies
Noncontrolling Interest [Line Items]
Others' Ownership Interest		46.50%	46.50%
VIE, consolidated \| Consumer Loan Companies \| Weighted Average
Noncontrolling Interest [Line Items]
Others' Ownership Interest		46.50%	46.50%	46.50%
VIE, consolidated \| Advance Purchaser
Noncontrolling Interest [Line Items]
Total Consolidated Equity		$ 104,458	$ 114,180
Others' Interest in Equity of Consolidated Subsidiary		11,157	12,193
Net income (loss)		7,978	26,685	$ (13,937)
Others’ interest in net income (loss) of consolidated subsidiaries		852	2,850	(1,800)
VIE, consolidated \| Newrez Joint Ventures
Noncontrolling Interest [Line Items]
Total Consolidated Equity		16,607	25,124
Others' Interest in Equity of Consolidated Subsidiary		8,220	12,437
Net income (loss)		1,174	5,487	22,839
Others’ interest in net income (loss) of consolidated subsidiaries		581	2,716	11,298
VIE, consolidated \| Consumer Loan Companies
Noncontrolling Interest [Line Items]
Total Consolidated Equity		72,361	91,263
Others' Interest in Equity of Consolidated Subsidiary		33,748	42,437
Net income (loss)		14,235	49,892	51,307
Others’ interest in net income (loss) of consolidated subsidiaries		6,619	$ 23,200	$ 23,858
VIE, consolidated \| Sculptor
Noncontrolling Interest [Line Items]
Others’ interest in net income (loss) of consolidated subsidiaries		$ 41,000

[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

EQUITY AND EARNINGS PER SHARE -

EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended						3 Months Ended	12 Months Ended
	Dec. 12, 2023	Aug. 05, 2022	Dec. 31, 2023	Feb. 28, 2023	Sep. 30, 2021	Feb. 29, 2020	Aug. 31, 2019	Jul. 31, 2019	Jun. 30, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2023
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, shares authorized (in shares)			2,000,000,000							2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01							$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)			100,000,000							100,000,000	100,000,000
Preferred stock, par values (in dollars per share)			$ 0.01							$ 0.01	$ 0.01
Number of shares issued (in shares)										51,964,000	51,964,000
Shares repurchased (in shares)										0
Dividends declared on preferred stock (in dollars per share)										$ 7	$ 7	$ 5.97
Options granted (in shares)										0	0
Warrants outstanding (in shares)			0							0
Total stock-based compensation expenses										$ 12.9
Vested (in shares)										192,678
Forfeited (in shares)										69,009
Aggregate unrecognized compensation cost			$ 61.3							$ 61.3
Weighted-average period										2 years 4 months 24 days
Warrant \| Share-based Payment Arrangement, Nonemployee
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options granted (in shares)									43,400,000
Warrant \| Share-based Payment Arrangement, Nonemployee \| Exercise Price One
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares exercisable (in shares)									24,600,000
Exercise price (in dollars per share)									$ 6.11
Warrant \| Share-based Payment Arrangement, Nonemployee \| Exercise Price Two
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares exercisable (in shares)									18,900,000
Exercise price (in dollars per share)									$ 7.94
Restricted Stock Units (RSUs)
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Grant date fair value			34.7	$ 11.6
Vesting period										3 years
Vested (in shares)										0
Forfeited (in shares)										23,003
Phantom Share Units (PSUs)
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Grant date fair value										$ 23.1
Vesting period										3 years
Vested (in shares)										0
Forfeited (in shares)										46,006
RSU And PSU
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Vested (in shares)										0
Fair value of the RSU and PSU awards forfeited										$ 0.6
Restricted Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Vested (in shares)										192,678
Vested, fair value										$ 0.7
Forfeited (in shares)										0
Profit Units \| Long-Term Incentive Plan
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Grant date fair value										$ 21.7
Vesting period										3 years
Total stock-based compensation expenses										$ 1.2
Weighted-average period										2 years 10 months 17 days
Reserved shares of common stock for issuance (in shares)													1,000,000
Award requisite service period										5 years
Compensation liability			1.2							$ 1.2
Unrecognized compensation expense			$ 20.5							$ 20.5
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)										6,200,000	6,200,000
Dividends declared on preferred stock (in dollars per share)	$ 0.47									$ 1.88	$ 1.88	1.88
Interest rate								7.50%		7.50%
Preferred dividends	$ 2.9
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)										11,261,000	11,261,000
Dividends declared on preferred stock (in dollars per share)	$ 0.45									$ 1.78	$ 1.78	1.78
Interest rate							7.125%			7.125%
Preferred dividends	$ 5
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)										15,903,000	15,903,000
Dividends declared on preferred stock (in dollars per share)	$ 0.40									$ 1.59	$ 1.59	1.59
Interest rate						6.375%				6.375%
Preferred dividends	$ 6.3
7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)										18,600,000	18,600,000
Dividends declared on preferred stock (in dollars per share)	$ 0.44									$ 1.75	$ 1.75	$ 0.72
Interest rate	7%				7%
Preferred dividends	$ 8.1
Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Authorized repurchase amount											$ 200
Common Stock \| Distribution Agreement
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Net proceeds from liquidation		$ 500
Number of shares issued (in shares)										0
Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Authorized repurchase amount											$ 100

EQUITY AND EARNINGS PER SHARE_2

EQUITY AND EARNINGS PER SHARE - Schedule of Preferred Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended				12 Months Ended
	Dec. 12, 2023	Sep. 30, 2021	Feb. 29, 2020	Aug. 31, 2019	Jul. 31, 2019	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Number of shares issued (in shares)						51,964	51,964
Liquidation preference						$ 1,299,104	$ 1,299,104
Carrying Value						$ 1,257,254
Dividends Declared (in dollars per share)						$ 7	$ 7	$ 5.97
Liquidation preference per share (in dollars per share)						$ 25
7.50% Series A Preferred Stock
Class of Stock [Line Items]
Interest rate					7.50%	7.50%
Number of shares issued (in shares)						6,200	6,200
Liquidation preference						$ 155,002	$ 155,002
Issuance Discount						3.15%
Carrying Value						$ 149,822
Dividends Declared (in dollars per share)	$ 0.47					$ 1.88	$ 1.88	1.88
7.125% Series B Preferred Stock
Class of Stock [Line Items]
Interest rate				7.125%		7.125%
Number of shares issued (in shares)						11,261	11,261
Liquidation preference						$ 281,518	$ 281,518
Issuance Discount						3.15%
Carrying Value						$ 272,654
Dividends Declared (in dollars per share)	0.45					$ 1.78	$ 1.78	1.78
6.375% Series C Preferred Stock
Class of Stock [Line Items]
Interest rate			6.375%			6.375%
Number of shares issued (in shares)						15,903	15,903
Liquidation preference						$ 397,584	$ 397,584
Issuance Discount						3.15%
Carrying Value						$ 385,289
Dividends Declared (in dollars per share)	$ 0.40					$ 1.59	$ 1.59	1.59
7.00% Series D Preferred Stock
Class of Stock [Line Items]
Interest rate	7%	7%
Number of shares issued (in shares)						18,600	18,600
Liquidation preference						$ 465,000	$ 465,000
Issuance Discount						3.15%
Carrying Value						$ 449,489
Dividends Declared (in dollars per share)	$ 0.44					$ 1.75	$ 1.75	$ 0.72

EQUITY AND EARNINGS PER SHARE_3

EQUITY AND EARNINGS PER SHARE - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions							1 Months Ended			12 Months Ended
	Dec. 12, 2023	Sep. 14, 2023	Jun. 23, 2023	Mar. 17, 2023	Dec. 15, 2022	Sep. 22, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividends Payable [Line Items]
Dividends declared per share of common stock (in dollars per share)							$ 0.25	$ 0.25	$ 0.25	$ 1	$ 1	$ 0.90
Total Amounts Distributed	$ 120.8	$ 120.8	$ 120.8	$ 120.8	$ 118.6	$ 118.4
Quarterly Dividend
Dividends Payable [Line Items]
Dividends declared per share of common stock (in dollars per share)	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25

EQUITY AND EARNINGS PER SHARE_4

EQUITY AND EARNINGS PER SHARE - Schedule of Warrants (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Feb. 23, 2023
Number of Warrants
Beginning balance (in shares)	578,034
Granted (in shares)	6,873,399
Ending balance (in shares)	7,657,031
Common Stock
Adjusted Weighted Average Exercise Price (per share)
Shares issued for exercised warrants (in shares)		9,300,000
Share-based Payment Arrangement, Nonemployee \| Warrant
Number of Warrants
Beginning balance (in shares)	22,400,000
Granted (in shares)	0
Exercised (in shares)	(22,400,000)
Expired (in shares)	0
Ending balance (in shares)	0
Adjusted Weighted Average Exercise Price (per share)
Beginning balance (in dollars per share)	$ 6.1
Granted (in dollars per share)	0
Exercised (in dollars per share)	6.1
Expired (in dollars per share)	$ 0
Share-based Payment Arrangement, Nonemployee \| Adjusted Warrant
Number of Warrants
Beginning balance (in shares)	25,600,000
Granted (in shares)	0
Exercised (in shares)	(25,600,000)
Expired (in shares)	0
Ending balance (in shares)	0

EQUITY AND EARNINGS PER SHARE_5

EQUITY AND EARNINGS PER SHARE - Options Outstanding by Issuance (Details) - shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	21,473,990	21,476,990	21,478,990
Held by the Former Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	21,471,990	21,471,990
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	2,000	5,000

EQUITY AND EARNINGS PER SHARE_6

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) $ / shares in Units, $ in Thousands	Dec. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (in dollars per share) \| $ / shares	$ 10.68
Number of unexercised options (in shares)	21,473,990
Options exercisable (in shares)	21,285,018
Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	2,000
Options exercisable (in shares)	2,000
Weighted average exercise price (in dollars per share) \| $ / shares	$ 10.70
Intrinsic value of exercisable options \| $	$ 0
Former Manager \| 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,130,916
Options exercisable (in shares)	1,130,916
Weighted average exercise price (in dollars per share) \| $ / shares	$ 12.84
Intrinsic value of exercisable options \| $	$ 0
Former Manager \| 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	5,320,000
Options exercisable (in shares)	5,320,000
Weighted average exercise price (in dollars per share) \| $ / shares	$ 15.57
Intrinsic value of exercisable options \| $	$ 0
Former Manager \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	6,351,000
Options exercisable (in shares)	6,351,000
Weighted average exercise price (in dollars per share) \| $ / shares	$ 14.95
Intrinsic value of exercisable options \| $	$ 0
Former Manager \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,619,739
Options exercisable (in shares)	1,619,739
Weighted average exercise price (in dollars per share) \| $ / shares	$ 16.30
Intrinsic value of exercisable options \| $	$ 0
Former Manager \| 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	7,050,335
Options exercisable (in shares)	6,861,363
Weighted average exercise price (in dollars per share) \| $ / shares	$ 9.36
Intrinsic value of exercisable options \| $	$ 9,050

EQUITY AND EARNINGS PER SHARE_7

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Options
Beginning balance (in shares)	21,476,990	21,478,990
Granted (in shares)	0	0
Exercised (in shares)	0	0
Expired (in shares)	(3,000)	(2,000)
Ending balance (in shares)	21,473,990	21,476,990
Weighted Average Exercise Price
Granted (in dollars per share)	$ 0	$ 0
Exercised (in dollars per share)	0	0
Expired (in dollars per share)	$ 14.24	$ 13.20

EQUITY AND EARNINGS PER SHARE_8

EQUITY AND EARNINGS PER SHARE - Schedule of Granted, Forfeited or Vested (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of Shares
Beginning balance (in shares)	578,034
Granted (in shares)	6,873,399
Accrued RSU and PSU dividend equivalents (in shares)	467,285
Vested (in shares)	(192,678)
Forfeited (in shares)	(69,009)
Ending balance (in shares)	7,657,031
RSAs
Number of Shares
Beginning balance (in shares)	578,034
Granted (in shares)	0
Accrued RSU and PSU dividend equivalents (in shares)	0
Vested (in shares)	(192,678)
Forfeited (in shares)	0
Ending balance (in shares)	385,356
Weighted-Average Grant Date Price
Beginning balance (in dollars per share) \| $ / shares	$ 8.65
Granted (in dollars per share) \| $ / shares	0
Accrued RSU and PSU dividend equivalents (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	8.65
Forfeited (in dollars per share) \| $ / shares	0
Ending balance (in dollars per share) \| $ / shares
RSUs
Number of Shares
Beginning balance (in shares)	0
Granted (in shares)	4,442,741
Accrued RSU and PSU dividend equivalents (in shares)	204,703
Vested (in shares)	0
Forfeited (in shares)	(23,003)
Ending balance (in shares)	4,624,441
Weighted-Average Grant Date Price
Beginning balance (in dollars per share) \| $ / shares	$ 0
Granted (in dollars per share) \| $ / shares	10.41
Accrued RSU and PSU dividend equivalents (in dollars per share) \| $ / shares	10.41
Vested (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	9.52
Ending balance (in dollars per share) \| $ / shares
PSUs
Number of Shares
Beginning balance (in shares)	0
Granted (in shares)	2,430,658
Accrued RSU and PSU dividend equivalents (in shares)	262,582
Vested (in shares)	0
Forfeited (in shares)	(46,006)
Ending balance (in shares)	2,647,234
Weighted-Average Grant Date Price
Beginning balance (in dollars per share) \| $ / shares	$ 0
Granted (in dollars per share) \| $ / shares	9.52
Accrued RSU and PSU dividend equivalents (in dollars per share) \| $ / shares	9.52
Vested (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	9.52
Ending balance (in dollars per share) \| $ / shares

EQUITY AND EARNINGS PER SHARE_9

EQUITY AND EARNINGS PER SHARE - Summary of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income (loss)	$ 630,674	$ 983,285	$ 805,582
Noncontrolling interests in income of consolidated subsidiaries	8,417	28,766	33,356
Dividends on preferred stock	89,579	89,726	66,744
Net income (loss) attributable to common stockholders - basic	532,678	864,793	705,482
Net income (loss) attributable to common stockholders - diluted	$ 532,678	$ 864,793	$ 705,482
Basic weighted average shares of common stock outstanding (in shares)	481,934,951	468,836,718	451,276,742
Dilutive effect of stock options, restricted stock, common stock purchase warrants, RSUs and PSUs (in shares)	1,781,764	12,799,407	16,388,264
Diluted weighted average shares of common stock outstanding (in shares)	483,716,715	481,636,125	467,665,006
Basic earnings (loss) per share attributable to common stockholders (in dollars per share)	$ 1.11	$ 1.84	$ 1.56
Diluted earnings (loss) per share attributable to common stockholders (in dollars per share)	$ 1.10	$ 1.80	$ 1.51
Antidilutive shares (in shares)	0	0	0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Estimated liability, representation and warranties		$ 51,700
Residential mortgage loan repurchase liability	[1]	1,782,998	$ 1,219,890
Committed to fund		3,600
Unfunded capital commitments of the Company to funds managed		207,600
Alternative investment		$ 70,200
Unfunded capital commitments, term		5 years
Variable Interest Entity, Not Primary Beneficiary
Loss Contingencies [Line Items]
Unfunded capital commitments of the Company to funds managed		$ 137,400
Directors
Loss Contingencies [Line Items]
Contributions to parent company		$ 97,500
Single Family
Loss Contingencies [Line Items]
Number of units completed \| property		152
Crowne Property Acquisitions, LLC \| Single Family
Loss Contingencies [Line Items]
Number of properties \| property		371
Aggregate purchase price		$ 95,600
Genesis Acquisition
Loss Contingencies [Line Items]
Committed to fund		591,500
Unfunded Loan Commitment \| Consumer Portfolio Segment \| Consumer Loan Companies
Loss Contingencies [Line Items]
Financing receivable		$ 176,600

[1] See Note 6 for details.

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	1 Months Ended
	Jul. 31, 2023	Dec. 31, 2023	Mar. 31, 2022
Related Party Transaction [Line Items]
Alternative investment		$ 70.2
Related Party \| Loan Agreement \| Genesis
Related Party Transaction [Line Items]
Loan agreement amount	$ 86.4
Financing receivable term	36 months
Related Party \| Structured Alternative Investment Solution \| Sculptor
Related Party Transaction [Line Items]
Alternative investment			$ 350
Amount invested			$ 127.8
Executive Managing Directors Employeesand Other Related Parties \| Related Party Assets Under Management
Related Party Transaction [Line Items]
Assets under management		$ 665.1
Percent of assets under management not charged management and incentive fees		49%

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 5,030	$ 4,253	$ 5,556
State and local	416	4,096	1,470
Foreign	377	0	0
Total current income tax expense (benefit)	5,823	8,349	7,026
Deferred:
Federal	76,380	227,825	130,696
State and local	39,430	43,342	20,504
Foreign	526	0	0
Total deferred income tax expense (benefit)	116,336	271,167	151,200
Total income tax expense (benefit)	$ 122,159	$ 279,516	$ 158,226

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Nov. 17, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Deferred tax liability	$ 801,857		$ 711,855
Valuation allowance	34,563		$ 0	$ 0
Subsidiaries
Operating Loss Carryforwards [Line Items]
Deferred tax asset	279,000
Subsidiaries \| Foreign Income Tax Credits And Net Operating Losses
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 34,600
Sculptor
Operating Loss Carryforwards [Line Items]
Deferred tax asset acquired		$ 305,000

INCOME TAXES - Schedule of Repo

INCOME TAXES - Schedule of Reported Provision for Income Taxes and the U.S. Federal Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Provision at the statutory rate	21%	21%	21%
Non-taxable REIT income	(11.14%)	(3.36%)	(7.38%)
State and local taxes	3.71%	4.05%	3.86%
Foreign taxes	0.21%	0%	0%
Change in state tax rate	1.14%	0%	0%
Return to provision	0%	0%	(1.10%)
Change in valuation allowance	0.82%	0%	0%
Other	0.74%	0.44%	0.05%
Total provision	16.48%	22.13%	16.43%

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net operating losses and tax credit carryforwards	$ 169,907	$ 23,627
Basis differences related to assets and investments	90,395	32,447
Goodwill	202,023	26,289
Fixed Asset Depreciation	2,536	0
Accrued expenses	47,086	44,572
Other	5,822	1,573
Total deferred tax assets	517,769	128,508
Less: valuation allowance	(34,563)	0	$ 0
Net deferred tax assets	483,206	128,508
Deferred tax liabilities:
Mortgage servicing rights	(923,311)	(791,691)
Basis differences related to assets and investments	(81,061)	(26,832)
Fixed asset depreciation	0	(19,302)
Other	(1,672)	(2,538)
Total deferred tax (liability)	(1,006,044)	(840,363)
Net deferred tax assets (liability)	(522,838)	$ (711,855)
Federal and State Tax Authority
Deferred tax liabilities:
Net operating loss carryforwards	610,400
Net operating loss carryforward that will expire	$ 420,900

INCOME TAXES - Schedule of Chan

INCOME TAXES - Schedule of Changes in Valuation Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Valuation Allowance [Line Items]
Valuation allowance	$ 34,563	$ 0	$ 0
Sculptor Acquisition (Note 3)
Valuation Allowance [Line Items]
Increase (decrease) in valuation allowance	32,340	0	0
Net change
Valuation Allowance [Line Items]
Increase (decrease) in valuation allowance	$ 2,223	$ 0	$ 0

INCOME TAXES - Schedule of Taxa

INCOME TAXES - Schedule of Taxable Common Stock Distributions (Details) - $ / shares	1 Months Ended			12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Dividends per share (in dollars per share)				$ 1.25	$ 0.41	$ 0.50
Ordinary Income				100%	41.47%	58.84%
Long-Term Capital Gain				0%	0%	0%
Return of Capital				0%	58.53%	41.16%
Dividends declared per share of common stock (in dollars per share)	$ 0.25	$ 0.25	$ 0.25	$ 1	$ 1	$ 0.90
Dividends Declared (in dollars per share)				7	7	5.97
Series A Preferred Stock
Class of Stock [Line Items]
Dividends per share (in dollars per share)				$ 1.88	$ 1.88	$ 1.88
Ordinary Income				100%	100%	100%
Long-Term Capital Gain				0%	0%	0%
Return of Capital				0%	0%	0%
Dividends Declared (in dollars per share)	0.47	0.47	0.47
Series B Preferred Stock
Class of Stock [Line Items]
Dividends per share (in dollars per share)				$ 1.78	$ 1.78	$ 1.78
Ordinary Income				100%	100%	100%
Long-Term Capital Gain				0%	0%	0%
Return of Capital				0%	0%	0%
Dividends Declared (in dollars per share)	0.45	0.45	0.45
Series C Preferred Stock
Class of Stock [Line Items]
Dividends per share (in dollars per share)				$ 1.59	$ 1.59	$ 1.59
Ordinary Income				100%	100%	100%
Long-Term Capital Gain				0%	0%	0%
Return of Capital				0%	0%	0%
Dividends Declared (in dollars per share)	0.40	0.40	0.40
Series D Preferred Stock
Class of Stock [Line Items]
Dividends per share (in dollars per share)				$ 1.75	$ 1.75	$ 0.28
Ordinary Income				100%	100%	100%
Long-Term Capital Gain				0%	0%	0%
Return of Capital				0%	0%	0%
Dividends Declared (in dollars per share)	$ 0.44	$ 0.44	$ 0.28

ASSET MANAGEMENT REVENUES - Sch

ASSET MANAGEMENT REVENUES - Schedule of Asset Management Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 3,715,496	$ 4,952,416	$ 3,785,076
Other asset management revenue	2,412	0	0
Total asset management revenues	3,798,177	4,952,416	3,785,076
Management fees
Disaggregation of Revenue [Line Items]
Revenue	29,465	0	0
Incentive income
Disaggregation of Revenue [Line Items]
Revenue	50,804	0	0
Asset management revenues
Disaggregation of Revenue [Line Items]
Total asset management revenues	$ 82,681	$ 0	$ 0

ASSET MANAGEMENT REVENUES - S_2

ASSET MANAGEMENT REVENUES - Schedule of Income and Fees Receivables (Details) - Subsidiaries - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total income and fees receivable	$ 59,134	$ 0
Management fees receivable
Disaggregation of Revenue [Line Items]
Total income and fees receivable	23,757	0
Incentive income receivable
Disaggregation of Revenue [Line Items]
Total income and fees receivable	$ 35,377	$ 0

ASSET MANAGEMENT REVENUES - S_3

ASSET MANAGEMENT REVENUES - Schedule of Unearned Income and Fees (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Unearned income and fees	$ 37,468	$ 0
Subsidiaries
Disaggregation of Revenue [Line Items]
Unearned income and fees	37,468	0
Unearned management fees \| Subsidiaries
Disaggregation of Revenue [Line Items]
Unearned income and fees	1	0
Unearned incentive income \| Subsidiaries
Disaggregation of Revenue [Line Items]
Unearned income and fees	$ 37,467	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event $ in Millions	Feb. 05, 2024 USD ($)
Common Stock
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 200
Preferred Stock
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 100