v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments in:    
Excess mortgage servicing rights (“MSRs”), at fair value $ 363,932 $ 379,747
Excess mortgage servicing rights, equity method investees, at fair value 119,609 125,596
Mortgage servicing rights, at fair value 3,934,384 3,967,960
Mortgage servicing rights financing receivables, at fair value 1,604,431 1,718,273
Servicer advance investments, at fair value [1] 515,574 581,777
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020) 2,479,603 19,477,728
Residential mortgage loans, held-for-investment (includes $824,183 and $484,443 at fair value at March 31, 2020 and December 31, 2019, respectively) [1] 824,183 925,706
Residential mortgage loans 1,264,533 1,429,052
Residential mortgage loans, held-for-sale, at fair value 3,283,973 4,613,612
Consumer loans, held-for-investment ($780,821 and $0 held at fair value at March 31, 2020 and December 31, 2019, respectively) [1] 780,821 827,545
Cash and cash equivalents [1] 360,453 528,737
Restricted cash 147,435 162,197
Servicer advances receivable 3,072,863 3,301,374
Trades receivable 3,293,976 5,256,014
Deferred tax asset, net 176,238 8,669
Other assets (includes $197,715 and $172,336 in residential mortgage loan subject to repurchase at March 31, 2020 and December 31,2019, respectively) 1,971,467 1,559,467
Total assets 24,193,475 44,863,454
Liabilities    
Repurchase agreements 10,814,130 27,916,225
Notes and bonds payable (includes $272,292 and $659,738 at fair value at March 31, 2020 and December 31, 2019, respectively) [1] 7,014,579 7,720,148
Trades payable 20,913 902,081
Due to affiliates 17,216 103,882
Dividends payable 28,033 211,732
Accrued expenses and other liabilities (includes $197,715 and $172,336 in residential mortgage loans repurchase liabilities at March 31, 2020 and December 31,2019, respectively) [1] 968,140 773,126
Total liabilities 18,863,011 37,627,194
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 415,649,214 and 415,520,780 issued and outstanding at March 31, 2020 and December 31, 2019, respectively 4,157 4,156
Additional paid-in capital 5,500,308 5,498,226
Retained earnings (accumulated deficit) (1,059,706) 549,733
Accumulated other comprehensive income (loss) 6,135 682,151
Total New Residential stockholders’ equity 5,263,886 7,157,710
Noncontrolling interests in equity of consolidated subsidiaries 66,578 78,550
Total equity 5,330,464 7,236,260
Liabilities and Equity 24,193,475 44,863,454
7.50% Series A Preferred Stock    
Equity    
Preferred Stock 150,026 150,026
7.125% Series B Preferred Stock    
Equity    
Preferred Stock 273,418 273,418
6.375% Series C Preferred Stock    
Equity    
Preferred Stock $ 389,548 $ 0
[1] See Note 13 regarding consolidated VIEs.

Source