Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Summary of Segment Financial Data (Details)

v3.4.0.3
SEGMENT REPORTING - Summary of Segment Financial Data (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]      
Interest income $ 190,036 $ 84,373  
Interest expense 81,228 33,979  
Net interest income (expense) 108,808 50,394  
Impairment 9,999 2,048  
Other income 31,922 12,295  
Operating expenses 25,016 22,270  
Income (Loss) Before Income Taxes 105,715 38,371  
Income tax expense (benefit) (10,223) (3,427)  
Net Income (Loss) 115,938 41,798  
Noncontrolling interests in income (loss) of consolidated subsidiaries 4,202 5,823  
Net income (loss) attributable to common stockholders 111,736 35,975  
Investments 15,184,560    
Cash and cash equivalents 258,622    
Restricted cash 170,364   $ 94,702
Other assets 1,958,231    
Total assets 17,571,777   15,192,722
Debt [1] 12,844,363   11,292,622
Other liabilities 1,648,418    
Total liabilities 14,492,781   12,206,142
Total equity 3,078,996   2,986,580
Noncontrolling interests in equity of consolidated subsidiaries 294,192   190,647
Total New Residential stockholders’ equity 2,784,804   $ 2,795,933
Investments in equity method investees 209,901    
Operating Segments [Member] | Excess MSRs [Member]      
Segment Reporting Information [Line Items]      
Interest income 42,968 15,037  
Interest expense 2,934 769  
Net interest income (expense) 40,034 14,268  
Impairment 0 0  
Other income 11,693 3,890  
Operating expenses 232 88  
Income (Loss) Before Income Taxes 51,495 18,070  
Income tax expense (benefit) 0 0  
Net Income (Loss) 51,495 18,070  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0  
Net income (loss) attributable to common stockholders 51,495 18,070  
Investments 1,756,905    
Cash and cash equivalents 919    
Restricted cash 1,235    
Other assets 14    
Total assets 1,759,073    
Debt 181,602    
Other liabilities 437    
Total liabilities 182,039    
Total equity 1,577,034    
Noncontrolling interests in equity of consolidated subsidiaries 0    
Total New Residential stockholders’ equity 1,577,034    
Investments in equity method investees 209,901    
Operating Segments [Member] | Servicer Advances [Member]      
Segment Reporting Information [Line Items]      
Interest income 80,967 42,349  
Interest expense 63,075 23,637  
Net interest income (expense) 17,892 18,712  
Impairment 0 0  
Other income (27,391) (10,727)  
Operating expenses 994 575  
Income (Loss) Before Income Taxes (10,493) 7,410  
Income tax expense (benefit) (10,002) (3,240)  
Net Income (Loss) (491) 10,650  
Noncontrolling interests in income (loss) of consolidated subsidiaries 4,202 5,823  
Net income (loss) attributable to common stockholders (4,693) 4,827  
Investments 7,432,012    
Cash and cash equivalents 198,116    
Restricted cash 94,525    
Other assets 207,255    
Total assets 7,931,908    
Debt 7,372,351    
Other liabilities 24,625    
Total liabilities 7,396,976    
Total equity 534,932    
Noncontrolling interests in equity of consolidated subsidiaries 183,754    
Total New Residential stockholders’ equity 351,178    
Investments in equity method investees 0    
Operating Segments [Member] | Real Estate Securities [Member]      
Segment Reporting Information [Line Items]      
Interest income 45,913 14,263  
Interest expense 7,484 3,480  
Net interest income (expense) 38,429 10,783  
Impairment 3,254 1,071  
Other income (36,461) (5,090)  
Operating expenses 461 (102)  
Income (Loss) Before Income Taxes (1,747) 4,724  
Income tax expense (benefit) 0 0  
Net Income (Loss) (1,747) 4,724  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0  
Net income (loss) attributable to common stockholders (1,747) 4,724  
Investments 3,010,782    
Cash and cash equivalents 670    
Restricted cash 0    
Other assets 1,579,924    
Total assets 4,591,376    
Debt 2,616,625    
Other liabilities 1,469,071    
Total liabilities 4,085,696    
Total equity 505,680    
Noncontrolling interests in equity of consolidated subsidiaries 0    
Total New Residential stockholders’ equity 505,680    
Investments in equity method investees 0    
Operating Segments [Member] | Real Estate Loans [Member]      
Segment Reporting Information [Line Items]      
Interest income 19,493 12,724  
Interest expense 7,390 6,093  
Net interest income (expense) 12,103 6,631  
Impairment 6,745 977  
Other income 2,873 13,775  
Operating expenses 4,334 6,104  
Income (Loss) Before Income Taxes 3,897 13,325  
Income tax expense (benefit) (221) (187)  
Net Income (Loss) 4,118 13,512  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0  
Net income (loss) attributable to common stockholders 4,118 13,512  
Investments 1,014,296    
Cash and cash equivalents 11,753    
Restricted cash 0    
Other assets 121,524    
Total assets 1,147,573    
Debt 836,370    
Other liabilities 21,233    
Total liabilities 857,603    
Total equity 289,970    
Noncontrolling interests in equity of consolidated subsidiaries 0    
Total New Residential stockholders’ equity 289,970    
Investments in equity method investees 0    
Operating Segments [Member] | Consumer Loans [Member]      
Segment Reporting Information [Line Items]      
Interest income 1 0  
Interest expense 345 0  
Net interest income (expense) (344) 0  
Impairment 0 0  
Other income 81,193 10,447  
Operating expenses 1,604 57  
Income (Loss) Before Income Taxes 79,245 10,390  
Income tax expense (benefit) 0 0  
Net Income (Loss) 79,245 10,390  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0  
Net income (loss) attributable to common stockholders 79,245 10,390  
Investments 1,970,565    
Cash and cash equivalents 1,670    
Restricted cash 74,604    
Other assets 2,050    
Total assets 2,048,889    
Debt 1,837,415    
Other liabilities 12,250    
Total liabilities 1,849,665    
Total equity 199,224    
Noncontrolling interests in equity of consolidated subsidiaries 110,438    
Total New Residential stockholders’ equity 88,786    
Investments in equity method investees 0    
Operating Segments [Member] | Corporate [Member]      
Segment Reporting Information [Line Items]      
Interest income 694 0  
Interest expense 0 0  
Net interest income (expense) 694 0  
Impairment 0 0  
Other income 15 0  
Operating expenses 17,391 15,548  
Income (Loss) Before Income Taxes (16,682) (15,548)  
Income tax expense (benefit) 0 0  
Net Income (Loss) (16,682) (15,548)  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0  
Net income (loss) attributable to common stockholders (16,682) $ (15,548)  
Investments 0    
Cash and cash equivalents 45,494    
Restricted cash 0    
Other assets 47,464    
Total assets 92,958    
Debt 0    
Other liabilities 120,802    
Total liabilities 120,802    
Total equity (27,844)    
Noncontrolling interests in equity of consolidated subsidiaries 0    
Total New Residential stockholders’ equity (27,844)    
Investments in equity method investees $ 0    
[1] Net of deferred financing costs.