Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of the Investment in Consumer Loan Companies (Details)

v3.2.0.727
INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of the Investment in Consumer Loan Companies (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Apr. 30, 2013
Schedule of Equity Method Investments [Line Items]            
New Residential’s investment $ 0   $ 0   $ 0  
Consumer Loan Investees [Member]            
Schedule of Equity Method Investments [Line Items]            
Consumer loan assets (amortized cost basis) 1,880,054   1,880,054   2,088,330  
Other assets 78,643   78,643   92,051  
Debt (2,145,948)   (2,145,948)   (2,411,421)  
Other liabilities (5,479)   (5,479)   (12,340)  
Equity (192,730)   (192,730)   (243,380)  
New Residential’s investment $ 0   $ 0   $ 0  
New Residential’s ownership 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Interest income $ 116,271 $ 135,629 $ 238,140 $ 278,444    
Interest expense (22,188) (18,106) (45,295) (40,301)    
Provision for finance receivable losses (17,719) (27,663) (37,355) (61,819)    
Other expenses, net (14,798) (19,279) (30,762) (39,731)    
Change in fair value of debt 0 535 0 (16,332)    
Net income 61,566 71,116 124,728 120,261    
New Residential’s equity in net income (through October 3, 2014) $ 0 $ 21,335 $ 0 $ 37,695