Rithm Capital Corp. (RITM) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.659 Good morning and welcome to the Rhythm Capital third quarter 2025 earnings call. 00:00:05.659 -- 00:00:08.463 All participants will be in listen-only mode. 00:00:08.463 -- 00:00:12.649 Should you need assistance, please signal a conference specialist by pressing the star 00:00:12.649 -- 00:00:17.856 key followed by zero. After today's presentation, there will be an opportunity to ask 00:00:17.856 -- 00:00:23.765 questions. To ask a question, you may press star, then one on a touch-tone phone. 00:00:23.765 -- 00:00:27.230 To withdraw your question, please press star and then two. 00:00:27.230 -- 00:00:30.777 Please note this event is being recorded. 00:00:30.777 -- 00:00:36.043 I would now like to turn the conference over to Emma Hulke, Associate 00:00:36.043 -- 00:00:39.645 General Counsel. Please go ahead. 00:00:40.388 -- 00:00:44.272 Thank you and good morning, everyone. I would like to thank you for joining us today 00:00:44.272 -- 00:00:48.296 for Rhythm Capital's third quarter 2025 earnings call. 00:00:48.296 -- 00:00:53.041 Joining me today are Michael Nirenberg, Chairman, CEO, and President of Rhythm Capital, 00:00:53.041 -- 00:00:57.426 Nick Santoro, Chief Financial Officer of Rhythm Capital, and Barron Silverstein, President 00:00:57.426 -- 00:01:01.255 of NIRAS. Throughout the call, we are going to reference the earnings supplement that 00:01:01.255 -- 00:01:06.060 was posted this morning to the Rhythm Capital website, www.rhythmcap.com. 00:01:06.846 -- 00:01:11.175 If you've not already done so, I'd encourage you to download the presentation now. 00:01:11.175 -- 00:01:14.461 I would like to point out that certain statements made today will be forward-looking 00:01:14.461 -- 00:01:18.670 statements. These statements, by t...