v3.26.1
RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loan Portfolio (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Movement in Mortgage Loans on Real Estate [Roll Forward]        
Beginning carrying value [1]     $ 362,829  
Ending Carrying Value [1] $ 348,147   348,147  
Residential Mortgage Loans HFI, Net        
Movement in Mortgage Loans on Real Estate [Roll Forward]        
Beginning carrying value 356,137 $ 386,997 362,829 $ 396,052
Accretion recognized 4,172 4,562 8,487 9,454
Payments received on loans, net (12,045) (12,618) (22,674) (26,320)
Unrealized gain (loss) on residential mortgage loans held-for-sale, net 0 0 0 0
Reclassifications to REO (117) (46) (495) (92)
Sale of mortgage loans 0 0 0 0
Other 0 (1) 0 (200)
Ending Carrying Value 348,147 378,894 348,147 378,894
Residential Mortgage Loans Held-for-Sale, Net        
Movement in Mortgage Loans on Real Estate [Roll Forward]        
Beginning carrying value 28,450 27,469 29,419 27,788
Accretion recognized 0 0 0 0
Payments received on loans, net (701) (745) (1,422) (1,838)
Unrealized gain (loss) on residential mortgage loans held-for-sale, net (230) 2,519 (326) 3,489
Reclassifications to REO (20) 0 (335) (196)
Sale of mortgage loans (11,784) (1,658) (11,783) (1,658)
Other 357 3 519 3
Ending Carrying Value $ 16,072 $ 27,588 $ 16,072 $ 27,588
[1] Residential mortgage loans held-for-investment (“HFI”), net includes $346.9 million and $361.6 million of loans as of June 30, 2026 and December 31, 2025, respectively, transferred to consolidated securitization trusts. These loans can only be used to settle obligations of the trusts. Secured bonds payable, net consists of notes issued by such trusts that can only be settled with the assets and cash flows of such specific trust. The creditors do not have recourse to Rithm Property Trust Inc.