Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION - Summary of Consideration Paid (Details)

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ORGANIZATION - Summary of Consideration Paid (Details) - USD ($)
$ / shares in Units, $ in Thousands
6 Months Ended
Apr. 06, 2015
Jun. 30, 2015
Jun. 30, 2014
Business Combination, Separately Recognized Transactions [Line Items]      
New Residential's 4/6/2015 share price (in dollars per share)   $ 15.24  
HLSS Seller Financing   $ 138,400  
New Merger Payment (71,016,771 @ $0.704059)   $ 50,000 $ 0
HLSS [Member]      
Business Combination, Separately Recognized Transactions [Line Items]      
Share Issuance Consideration (in shares) 28,286,980    
New Residential's 4/6/2015 share price (in dollars per share) $ 15.3460    
Dollar Value of Share Issuance [1] $ 434,092    
Cash Consideration 621,982    
HLSS Seller Financing [2] 385,174    
New Merger Payment (71,016,771 @ $0.704059) [3] 50,000    
Total Consideration $ 1,491,248    
[1] Share Issuance ConsiderationThe share issuance consideration consists of 28.3 million newly issued shares of New Residential common stock with a par value $0.01 per share. The fair value of the common stock at the date of the acquisition was $15.3460 per share, which was New Residential’s volume weighted average share price on April 6, 2015.
[2] HLSS Seller FinancingNew Residential agreed to deliver $1.0 billion of cash purchase price, including a promise to pay an amount of $385.2 million immediately after closing from the proceeds of financing that was committed in anticipation of the HLSS Acquisition and is collateralized by certain of the HLSS assets acquired.
[3] New Merger PaymentThe New Merger Agreement, and the $50.0 million consideration related thereto, is included as a part of the business combination in conjunction with the Share and Asset Purchase Agreement. The range of outcomes for this contingent consideration is from $0 to $50.0 million, dependent on whether the New Merger is approved by HLSS shareholders and other factors.