Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details)

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INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investment [Line Items]    
Total [1] $ 7,001,004 $ 7,426,794
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]    
Investment [Line Items]    
Principal and interest advances 2,016,073 2,229,468
Escrow advances (taxes and insurance advances) 3,504,808 3,687,559
Foreclosure advances 1,683,043 1,661,083
Total [2] $ 7,203,924 $ 7,578,110
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in servicer advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[2] The following types of advances comprise the investments in Servicer Advances: March 31, 2016December 31, 2015Principal and interest advances$2,016,073$2,229,468Escrow advances (taxes and insurance advances)3,504,8083,687,559Foreclosure advances1,683,0431,661,083Total$7,203,924 $7,578,110