Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Other Liabilities (Details)

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OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Other Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Other Assets    
Margin receivable, net $ 54,530 $ 59,021
Other receivables [1] 23,351 1,797
Deferred financing costs, net [2] 0 0
Principal paydown receivable 1,510 3,595
Receivable from government agency [3] 75,524 9,108
Call rights 680 3,728
Interest receivable 31,509 8,658
Servicer advances, at fair value 8,182,400 3,270,839
Other assets [4] 22,119 9,516
Other Assets 278,610 95,423
Other Liabilities    
Interest payable 15,607 7,857
Accounts payable 35,788 28,059
Derivative liabilities 16,124 14,220
Current taxes payable 7,449 2,349
Contingent consideration 50,000 0
Other liabilities 9,351 20
Accrued Expenses and Other Liabilities 134,319 52,505
GNMA EBO [Member]    
Other Assets    
Servicer advances, at fair value [5] $ 69,387 $ 0
[1] Primarily includes advance collections that were in-transit to pay down related debt obligations.
[2] Deferred financing costs were reclassified as an offset to the related debt obligation in June 2015 pursuant to ASU No. 2015-03 (Note 1).
[3] Represents claims receivable from FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.
[4] Primarily includes prepaid expenses.
[5] Represents GNMA EBO servicer advances funded by HLSS and accounted for as a financing transaction as the counterparty retained title and all other rights and rewards associated with such advances.