Financial Data and Key Metrics Changes - For Q4 2022, the company reported a GAAP net income of $81.8 million, or $0.17 per diluted share, with earnings available for distribution at $156.9 million, or $0.33 per diluted share [9] - Full year GAAP net income reached $864.8 million, or $1.80 per diluted share, with earnings available for distribution totaling $633 million, or $1.31 per diluted share [49] - The company ended the year with a balance sheet of approximately $32 billion and total equity of $6.9 billion [8][9] Business Line Data and Key Metrics Changes - The mortgage company was right-sized, reducing general and administrative expenses by over 50% year-on-year [6][27] - The Genesis business originated nearly $2.5 billion in loans, with average coupons around 10% [7][30] - The MSR portfolio totaled $600 billion, with a weighted average coupon of 3.7% [57] Market Data and Key Metrics Changes - The weighted average mortgage rate for Fannie Mae and Freddie Mac loans was 3.62%, while for Ginnie Mae borrowers it was 3.57% [18] - Home prices have declined approximately 10% from their peak, leading to expectations of future acquisitions when the market stabilizes [19] Company Strategy and Development Direction - The company rebranded to Rithm Capital and internalized management contracts to drive earnings and transition to an alternative asset manager [5] - Plans to launch a private funds business and expand into Europe in Q2 2023 to capitalize on market dislocations [17] - The focus remains on opportunistic investments across various asset classes, including commercial real estate and private credit [72] Management's Comments on Operating Environment and Future Outlook - The management anticipates a challenging economic landscape in 2023, with potential volatility in the rate market [23] - The company is positioned well for higher rates and aims to generate strong returns for shareholders [16][19] - Management expressed confidence in the performance of the MSR sector despite rising mortgage rates [18][57] Other Important Information - The company has a strong customer base of 3.1 million consumers and is focused on customer retention and expanding product offerings [46] - The servicing business currently manages $500 billion in assets, with a gain on sale margin of 1.81% in Q4 [56] Q&A Session Summary Question: What are the expectations for the private credit business? - Management believes the private credit business will be a significant win for shareholders, allowing for more opportunistic capital deployment [33] Question: Can you provide an update on servicing technology? - The company is exploring ways to create value through servicing technology and is currently steady in its approach [35] Question: What are the opportunities in Europe? - The company plans to leverage its experience in distressed debt and may raise capital for its European business, likely through private funds [40][65] Question: How does the company view the MSR market? - The company is optimistic about acquiring MSRs if risk-adjusted returns are attractive, especially with potential supply from large institutions [106] Question: What is the outlook for the origination segment? - Management expects the origination segment to return to profitability by Q1 or early Q2, following significant expense reductions [114]

rithm = Quarterly Supplement Q4 and Full Year 2022 FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm Capital," the "Company" or "we") in this Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, the ability to succeed in the current market environment and varying economic environments, ability to collaborate across operating companies ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Rithm Capital Corp. (Exact name of registrant as specified in its charter) | Delaware | | | 45-3449660 | | --- | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) ...

Financial Data and Key Metrics Changes - GAAP net income for Q3 2022 was $125 million, or $0.26 per diluted share, with earnings available for distribution at $153 million, or $0.32 per diluted share [20] - Book value remained essentially unchanged quarter-over-quarter despite market volatility [16] - Cash and liquidity stood at $1.8 billion, with total equity in the business at $7 billion [20] Business Line Data and Key Metrics Changes - The Genesis business originated $600 million in loans during the quarter, primarily consisting of floating rate, high coupon loans [13] - The servicing segment generated $267 million in pre-tax income, while the origination business reported a pre-tax loss of $57 million, including one-time charges [35] - The single-family rental business currently has about 3,700 homes, with occupancy above 90% [31] Market Data and Key Metrics Changes - The company has lowered loan-to-value (LTV) ratios and tightened underwriting guidelines in response to expected declines in home prices [14] - The mortgage servicing rights (MSR) portfolio has a weighted average coupon of 3.7% and a weighted average maturity of about five years [17] Company Strategy and Development Direction - The company plans to expand investment strategies, including the acquisition of 50% of Senlac Ridge Partners, focusing on commercial real estate [9][10] - A new third-party fund business is being formed to raise callable capital in private markets, aiming to create value for shareholders [11] - The company is prioritizing efficiency in its mortgage operations and is prepared to capitalize on future opportunities as market conditions change [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging investing environment and maintains a cautious outlook, expecting continued difficulties [8] - The company is optimistic about future opportunities in the housing market, particularly as home prices decline and cap rates increase [15] - Management emphasizes the importance of maintaining liquidity and reducing expenses while driving consistent earnings and dividends [8] Other Important Information - The company has $12 billion in custodial deposits, which will benefit from rising interest rates [17] - The company is focused on maintaining a strong presence with its customer base of over three million [45] Q&A Session Summary Question: What inning is the overall industry in regarding headcount reduction? - Management believes they are in the seventh or eighth inning of headcount reduction, having been aggressive in rightsizing [44] Question: What is the outlook for consolidation in the industry? - Management expects to see some mortgage companies throw in the towel, leading to potential MSR sales, but has not seen a significant number yet [46] Question: What is the plan for third-party capital? - The timeline for raising third-party capital is immediate, leveraging expertise in financial services and targeting asset classes not currently on the balance sheet [64][66] Question: Can you discuss the repositioning of the portfolio? - The company has moved up in coupon rates on agency mortgages to maintain compliance and avoid negative carry [72] Question: What adjustments are being considered in the origination channel? - The company plans to merge the joint venture business with the retail business to streamline operations and improve efficiency [79] Question: What is the current state of the single-family rental business? - The company is being cautious in acquiring new homes, focusing on maintaining occupancy and waiting for better entry points as cap rates increase [86] Question: How is the credit quality of the Genesis business being assessed? - Management feels confident about the credit quality due to corporate guarantees on loans and favorable LTV ratios [89]

rithm = Q3 2022 Quarterly Supplement Rithm Capital Quarterly Supplement Q3 2022 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm Capital," the "Company" or "we") in this Presentation may constitute ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File Number: 001-35777 Rithm Capital Corp. (Exact name of registrant as specified in its charter) | Delaware | | | 45-344966 ...

Rithm Capital Corp. (NYSE:RITM) Q2 2022 Results Conference Call August 2, 2022 8:00 AM ET Company Participants Michael Nierenberg - Chairman, CEO & President Nicola Santoro - CFO Baron Silverstein - President, NewRez Conference Call Participants Doug Harter - Credit Suisse Bose George - KBW Eric Hagen - BTIG Giuliano Bologna - Compass Point Trevor Cranston - JMP Securities Operator Good morning, and welcome to the Rithm Capital Second Quarter 2022 Earnings Call. [Operator Instructions] Please note, this ev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File Number: 001-35777 New Residential Investment Corp. (Exact name of registrant as specified in its charter) | Delaware | ...

New Residential Investment Corp. Quarterly Supplement FIRST QUARTER 2022 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding New Residential Investment Corp. (together with its subsidiaries, "New Residential," the "Company" or "we") in this Presentation may con ...

New Residential Investment Corp. (NRZ) Q1 2022 Earnings Conference Call May 3, 2022 8:00 AM ET Company Participants Bohe Yu - Investor Relations Michael Nierenberg - Chairman, Chief Executive Officer and President Nick Santoro - Chief Financial Officer Baron Silverstein - President, NewRez/Caliber Conference Call Participants Bose George - KBW Kevin Barker - Piper Sandler Eric Hagen - BTIG Doug Harter - Credit Suisse Stephen Laws - Raymond James Giuliano Bologna - Compass Point Trevor Cranston - JMP Securit ...