v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Excess mortgage servicing rights assets, at fair value $ 458,923 $ 505,343
Mortgage servicing rights, at fair value 3,551,159 3,967,960
Mortgage servicing rights financing receivables, at fair value 1,469,927 1,718,273
Servicer advance investments, at fair value [1] 559,011 581,777
Real estate and other securities 6,144,236 19,477,728
Residential mortgage loans 3,519,739 6,042,664
Residential mortgage loans subject to repurchase [2] 1,075,008 172,336
Cash and cash equivalents [1] 1,013,208 528,737
Restricted cash 138,932 162,197
Servicer advances receivable 2,947,678 3,301,374
Trades receivable [1] 163,477 5,256,014
Other assets 1,194,057 1,395,800
Total assets 23,752,149 44,863,454
Liabilities    
Repurchase agreements 9,171,498 27,916,225
Notes and bonds payable (includes [$272,292] and $659,738 at fair value at June 30, 2020 and December 31, 2019, respectively) [1] 6,879,462 7,720,148
Residential mortgage loan repurchase liability [2] 1,075,008 172,336
Term loan, net of discount and issuance costs [1] 533,383 0
Trades payable 105,930 902,081
Due to affiliates 16,894 103,882
Dividends payable 48,753 211,732
Accrued expenses and other liabilities [1] 532,249 600,790
Total liabilities 18,363,177 37,627,194
Commitments and Contingencies
Equity    
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 415,744,518 and 415,520,780 issued and outstanding at June 30, 2020 and December 31, 2019, respectively 4,158 4,156
Additional paid-in capital 5,554,559 5,498,226
Retained earnings (accumulated deficit) (1,110,148) 549,733
Accumulated other comprehensive income (loss) 30,730 682,151
Total New Residential stockholders’ equity 5,292,291 7,157,710
Noncontrolling interests in equity of consolidated subsidiaries 96,681 78,550
Total equity 5,388,972 7,236,260
Liabilities and Equity 23,752,149 44,863,454
Variable Interest Entity, Primary Beneficiary    
Assets    
Residential loans and variable interest entity consumer loans held-for-investment, at fair value [1] 1,516,794 1,753,251
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.
[2] See Note 8 for details.

Source