Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES

v3.7.0.1
OTHER INCOME, ASSETS AND LIABILITIES
6 Months Ended
Jun. 30, 2017
Other Income Assets And Liabilities  
OTHER INCOME, ASSETS AND LIABILITIES
OTHER INCOME, ASSETS AND LIABILITIES
 
Gain (loss) on settlement of investments, net is comprised of the following:
 
Three Months Ended 
 June 30,
 
Six Months Ended  
 June 30,
 
2017
 
2016
 
2017
 
2016
Gain (loss) on sale of real estate securities, net
$
21,257

 
$
(382
)
 
$
22,250

 
$
15,751

Gain (loss) on sale of residential mortgage loans, net
26,373

 
(1,672
)
 
28,938

 
605

Gain (loss) on settlement of derivatives
(27,734
)
 
(14,395
)
 
(39,570
)
 
(44,774
)
Gain (loss) on liquidated residential mortgage loans
(3,628
)
 
3

 
(5,844
)
 
(272
)
Gain (loss) on sale of REO
(2,702
)
 
2,835

 
(5,312
)
 
2,986

Other gains (losses)
(195
)
 
(660
)
 
(765
)
 
(813
)
 
$
13,371

 
$
(14,271
)
 
$
(303
)
 
$
(26,517
)


Other income (loss), net, is comprised of the following:
 
Three Months Ended 
 June 30,
 
Six Months Ended  
 June 30,
 
2017
 
2016
 
2017
 
2016
Unrealized gain (loss) on derivative instruments
$
(8,010
)
 
$
(11,603
)
 
$
(3,684
)
 
$
(36,160
)
Unrealized gain (loss) on other ABS
(607
)
 
(1,218
)
 
151

 
(950
)
Gain (loss) on transfer of loans to REO
4,978

 
7,804

 
11,612

 
10,287

Gain (loss) on transfer of loans to other assets
81

 
344

 
293

 
861

Gain on Excess MSR recapture agreements
715

 
688

 
1,342

 
1,420

Other income (loss)
(6,192
)
 
525

 
(11,905
)
 
4,333

 
$
(9,035
)
 
$
(3,460
)
 
$
(2,191
)
 
$
(20,209
)


Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses
and Other Liabilities
 
June 30, 2017
 
December 31, 2016
 
 
 
June 30, 2017
 
December 31, 2016
Margin receivable, net
$
58,203

 
$
55,481

 
Interest payable
 
$
30,230

 
$
23,108

Other receivables
10,837

 
16,350

 
Accounts payable
 
63,160

 
31,299

Principal and interest receivable
66,159

 
52,738

 
Derivative liabilities (Note 10)
 
55

 
3,021

Receivable from government agency
45,667

 
54,706

 
Current taxes payable
 
2,688

 
2,314

Call rights
337

 
337

 
Due to servicers
 
72,445

 
77,148

Derivative assets (Note 10)
14,177

 
6,762

 
MSR purchase price holdback
 
118,519

 
60,436

Servicing fee receivables
43,364

 
7,405

 
Other liabilities
 
11,945

 
8,118

Ginnie Mae EBO servicer advance receivable, net
12,025

 
14,829

 
 
 
$
299,042

 
$
205,444

Due from servicers
35,790

 
22,134

 
 
 
 
 
 
Servicer advances receivable, net(A)
147,721

 
81,582

 
 
 
 
 
 
Prepaid expenses
10,646

 
9,487

 
 
 
 
 
 
Other assets
11,571

 
4,269

 
 
 
 
 
 
 
$
456,497

 
$
326,080

 
 
 
 
 
 


(A)
Represents Servicer Advances due to New Residential’s licensed servicer subsidiary, New Residential Mortgage LLC (Note 5).

As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
 
 
Six Months Ended  
 June 30,
 
 
2017
 
2016
Accretion of servicer advance interest income
 
$
316,512

 
$
156,749

Accretion of excess mortgage servicing rights income
 
49,546

 
76,231

Accretion of net discount on securities and loans(A)
 
187,039

 
109,228

Amortization of deferred financing costs
 
(6,800
)
 
(9,320
)
Amortization of discount on notes and bonds payable
 
(911
)
 
(973
)
 
 
$
545,386

 
$
331,915


(A)
Includes accretion of the accretable yield on PCD loans.