v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Excess mortgage servicing rights assets, at fair value $ 435,982 $ 505,343
Mortgage servicing rights, at fair value 3,651,805 3,967,960
Mortgage servicing rights financing receivables, at fair value 1,129,819 1,718,273
Servicer advance investments, at fair value [1] 535,760 581,777
Real estate and other securities 10,830,067 19,477,728
Residential mortgage loans 4,936,826 6,042,664
Residential mortgage loans subject to repurchase [2] 1,458,325 172,336
Cash and cash equivalents [1] 841,022 528,737
Restricted cash 180,554 162,197
Servicer advances receivable 2,857,040 3,301,374
Trades receivable [1] 946,321 5,256,014
Other assets 1,161,933 1,395,800
Total assets 30,406,364 44,863,454
Liabilities    
Secured financing agreements 14,666,868 27,916,225
Secured notes and bonds payable [1] 7,733,648 7,720,148
Residential mortgage loan repurchase liability [2] 1,458,325 172,336
Unsecured senior notes, net of issuance costs [1] 541,758 0
Trades payable 210 902,081
Due to affiliates 9,545 103,882
Dividends payable 69,541 211,732
Accrued expenses and other liabilities [1] 497,838 600,790
Total liabilities 24,977,733 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 September 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) (1,094,589) 549,733
Accumulated other comprehensive income (loss) 52,074 682,151
Total New Residential stockholders’ equity 5,329,194 7,157,710
Noncontrolling interests in equity of consolidated subsidiaries 99,437 78,550
Total equity 5,428,631 7,236,260
Liabilities and Equity 30,406,364 44,863,454
Variable Interest Entity, Primary Beneficiary    
Assets    
Residential loans and variable interest entity consumer loans held-for-investment, at fair value [1] 1,440,910 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