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RESIDENTIAL MORTGAGE LOANS - Schedule of Activity for Residential Mortgage Loans (Details) - USD ($) $ in Thousands | 6 Months Ended
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Jun. 30, 2024 | Jun. 30, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] |  |  |
Loans HFS, beginning balance | [1] | $ 2,540,742 |
Transfer of loans to REO |  | (8,841) | $ (14,662)
Impairment (loss) reversal |  | (1,268) | $ (3,009)
Loans HFS, ending balance | [1] | 3,910,823 |
Residential Portfolio Segment |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] |  |  |
Loans HFS, beginning balance |  | 2,919,786 |
Originations |  | 25,518,069 |
Sales |  | (24,568,303) |
Purchases/additional fundings |  | 922,076 |
Proceeds from repayments |  | (71,271) |
Transfer of loans (to) from other assets |  | (465,742) |
Transfer of loans to REO |  | (5,690) |
Transfers of loans to held-for-sale |  | (52) |
Transfer of loans from held-for-investment |  | 52 |
Impairment (loss) reversal |  | 3,339 |
Changes in instrument-specific credit risk |  | 24,098 |
Other factors |  | 3,327 |
Loans HFS, ending balance |  | 4,279,689 |
Loans HFI, at Fair Value | Residential Portfolio Segment |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] |  |  |
Loans HFI, beginning balance |  | 379,044 |
Originations |  | 0 |
Sales |  | 0 |
Purchases/additional fundings |  | 0 |
Proceeds from repayments |  | (23,313) |
Transfer of loans (to) from other assets |  | 0 |
Transfer of loans to REO |  | (1,943) |
Transfers of loans to held-for-sale |  | (52) |
Transfer of loans from held-for-investment |  | 0 |
Impairment (loss) reversal |  | 0 |
Changes in instrument-specific credit risk |  | 13,632 |
Other factors |  | 1,498 |
Loans HFI, ending balance |  | 368,866 |
Residential Mortgage Loans, Held-for-Sale | Residential Portfolio Segment | Loans HFS, at Lower of Cost or Fair Value |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] |  |  |
Loans HFS, beginning balance |  | 78,877 |
Originations |  | 0 |
Sales |  | 0 |
Purchases/additional fundings |  | 0 |
Proceeds from repayments |  | (5,518) |
Transfer of loans (to) from other assets |  | (2,479) |
Transfer of loans to REO |  | (1,325) |
Transfers of loans to held-for-sale |  | 0 |
Transfer of loans from held-for-investment |  | 0 |
Impairment (loss) reversal |  | 3,339 |
Changes in instrument-specific credit risk |  | 0 |
Other factors |  | 0 |
Loans HFS, ending balance |  | 72,894 |
Residential Mortgage Loans, Held-for-Sale | Residential Portfolio Segment | Loans HFS, at Fair Value |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward] |  |  |
Loans HFS, beginning balance |  | 2,461,865 |
Originations |  | 25,518,069 |
Sales |  | (24,568,303) |
Purchases/additional fundings |  | 922,076 |
Proceeds from repayments |  | (42,440) |
Transfer of loans (to) from other assets |  | (463,263) |
Transfer of loans to REO |  | (2,422) |
Transfers of loans to held-for-sale |  | 0 |
Transfer of loans from held-for-investment |  | 52 |
Impairment (loss) reversal |  | 0 |
Changes in instrument-specific credit risk |  | 10,466 |
Other factors |  | 1,829 |
Loans HFS, ending balance |  | $ 3,837,929 |
[1] | The Company's Consolidated Balance Sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs classified as collateralized financing entities (“CFEs”) that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp. As of June 30, 2024 and December 31, 2023, total assets of such consolidated VIEs were $5.1 billion and $5.6 billion, respectively, and total liabilities of such consolidated VIEs were $4.2 billion and $4.7 billion, respectively. See Note 20 for further details.

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