Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
loan
Dec. 31, 2015
USD ($)
Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 1 year 2 months 26 days  
Reverse Mortgage Loans [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount [1],[2] $ 32,633  
Carrying Value [1],[2] $ 18,142 $ 19,560
Loan Count | loan [1],[2] 122  
Weighted Average Yield [1],[2] 7.40%  
Weighted Average Life (Years) [1],[2],[3] 4 years 4 months 17 days  
Floating Rate Loans as a % of Face Amount [1],[2] 19.80%  
Loan to Value Ratio (LTV) [1],[2],[4] 133.50%  
Weighted Average Delinquency [1],[2],[5] 65.70%  
Performing Loans [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount [6] $ 20,884  
Carrying Value [6] $ 19,462 19,964
Loan Count | loan [6] 663  
Weighted Average Yield [6] 8.90%  
Weighted Average Life (Years) [3],[6] 5 years 6 months 21 days  
Floating Rate Loans as a % of Face Amount [6] 17.30%  
Loan to Value Ratio (LTV) [4],[6] 77.20%  
Weighted Average Delinquency [5],[6] 7.30%  
Weighted Average FICO [6],[7] 626  
Purchased Credit Deteriorated Loans [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount [8] $ 439,649  
Carrying Value [8] $ 287,130 290,654
Loan Count | loan [8] 2,037  
Weighted Average Yield [8] 5.50%  
Weighted Average Life (Years) [3],[8] 2 years 6 months 19 days  
Floating Rate Loans as a % of Face Amount [8] 18.70%  
Loan to Value Ratio (LTV) [4],[8] 116.40%  
Weighted Average Delinquency [5],[8] 93.10%  
Weighted Average FICO [7],[8] 577  
Residential Mortgage Loans, held-for-investment [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 493,166  
Carrying Value $ 324,734 330,178
Loan Count | loan 2,822  
Weighted Average Yield 5.80%  
Weighted Average Life (Years) [3] 2 years 9 months 19 days  
Floating Rate Loans as a % of Face Amount 18.70%  
Loan to Value Ratio (LTV) [4] 115.90%  
Weighted Average Delinquency [5] 87.70%  
Weighted Average FICO [7] 580  
Performing Loans, held-for-sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount [6] $ 143,384  
Carrying Value [6] $ 151,001 277,084
Loan Count | loan [6] 1,671  
Weighted Average Yield [6] 3.80%  
Weighted Average Life (Years) [3],[6] 4 years 8 months 8 days  
Floating Rate Loans as a % of Face Amount [6] 9.60%  
Loan to Value Ratio (LTV) [4],[6] 58.10%  
Weighted Average Delinquency [5],[6] 3.70%  
Weighted Average FICO [6],[7] 665  
Non-Performing Loans, held-for-sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount [8],[9] $ 572,988  
Carrying Value [8],[9] $ 482,159 499,597
Loan Count | loan [8],[9] 3,425  
Weighted Average Yield [8],[9] 7.00%  
Weighted Average Life (Years) [3],[8],[9] 2 years 8 months 8 days  
Floating Rate Loans as a % of Face Amount [8],[9] 15.30%  
Loan to Value Ratio (LTV) [4],[8],[9] 104.00%  
Weighted Average Delinquency [5],[8],[9] 79.10%  
Weighted Average FICO [7],[8],[9] 571  
Residential Mortgage Loans Held-for-Sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 716,372  
Carrying Value $ 633,160 $ 776,681
Loan Count | loan 5,096  
Weighted Average Yield 6.30%  
Weighted Average Life (Years) [3] 3 years 1 month 2 days  
Floating Rate Loans as a % of Face Amount 14.20%  
Loan to Value Ratio (LTV) [4] 94.80%  
Weighted Average Delinquency [5] 64.00%  
Weighted Average FICO [7] 590  
[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[2] Represents a 70% participation interest that New Residential holds in a portfolio of reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.4 million. Approximately 60% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans.
[3] The weighted average life is based on the expected timing of the receipt of cash flows.
[4] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
[5] Represents the percentage of the total principal balance that are 60+ days delinquent.
[6] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $8.7 million.
[7] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.
[8] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of March 31, 2016, New Residential has placed all of these loans on nonaccrual status, except as described in (I) below.
[9] Includes $232.1 million UPB of Ginnie Mae EBO non-performing loans on accrual status because contractual cash flows are guaranteed by the FHA.