Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Summary of Segment Financial Data (Details)

v3.7.0.1
SEGMENT REPORTING - Summary of Segment Financial Data (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Segment Reporting Information [Line Items]          
Interest income $ 471,952 $ 277,477 $ 764,490 $ 467,513  
Interest expense 115,157 100,685 213,386 181,913  
Net interest income (expense) 356,795 176,792 551,104 285,600  
Impairment 25,886 19,644 45,908 29,643  
Servicing revenue, net 170,851 0 211,453 0  
Other income (loss) 57,847 (19,723) 54,153 12,199  
Operating expenses 139,360 36,280 207,801 61,296  
Income (Loss) Before Income Taxes 420,247 101,145 563,001 206,860  
Income tax expense (benefit) 82,844 7,518 88,440 (2,705)  
Net Income (Loss) 337,403 93,627 474,561 209,565  
Noncontrolling interests in income (loss) of consolidated subsidiaries 15,671 24,975 31,451 29,177  
Net Income (Loss) Attributable to Common Stockholders 321,732 68,652 443,110 180,388  
Investments 19,082,938   19,082,938    
Cash and cash equivalents 560,016   560,016    
Restricted cash 157,344   157,344   $ 163,095
Other assets 3,199,717   3,199,717    
Total assets 23,000,015   23,000,015   18,399,529
Debt 16,049,180   16,049,180   13,181,236
Other liabilities 2,331,877   2,331,877    
Total liabilities 18,381,057   18,381,057   14,931,352
Total equity 4,618,958   4,618,958   3,468,177
Noncontrolling interests in equity of consolidated subsidiaries 194,154   194,154   208,077
Total New Residential stockholders’ equity 4,424,804   4,424,804   $ 3,260,100
Investments in equity method investees 226,646   226,646    
Excess MSRs [Member]          
Segment Reporting Information [Line Items]          
Interest income 18,128 33,263 49,546 76,231  
Interest expense 9,005 5,181 19,077 8,115  
Net interest income (expense) 9,123 28,082 30,469 68,116  
Impairment 0 0 0 0  
Servicing revenue, net 0 0 0 0  
Other income (loss) (14,219) (15,875) (13,015) (4,182)  
Operating expenses 112 298 198 530  
Income (Loss) Before Income Taxes (5,208) 11,909 17,256 63,404  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) (5,208) 11,909 17,256 63,404  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income (Loss) Attributable to Common Stockholders (5,208) 11,909 17,256 63,404  
Investments 1,486,276   1,486,276    
Cash and cash equivalents 888   888    
Restricted cash 24,719   24,719    
Other assets 2,424   2,424    
Total assets 1,514,307   1,514,307    
Debt 764,601   764,601    
Other liabilities 2,177   2,177    
Total liabilities 766,778   766,778    
Total equity 747,529   747,529    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 747,529   747,529    
Investments in equity method investees 181,610   181,610    
Mortgage Servicing Rights [Member]          
Segment Reporting Information [Line Items]          
Interest income 2,535   2,560    
Interest expense 10,600   11,587    
Net interest income (expense) (8,065)   (9,027)    
Impairment 0   0    
Servicing revenue, net 170,851   211,453    
Other income (loss) 5,596   5,809    
Operating expenses 59,318   79,041    
Income (Loss) Before Income Taxes 109,064   129,194    
Income tax expense (benefit) (10,666)   (11,945)    
Net Income (Loss) 119,730   141,139    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0   0    
Net Income (Loss) Attributable to Common Stockholders 119,730   141,139    
Investments 1,867,826   1,867,826    
Cash and cash equivalents 443,792   443,792    
Restricted cash 10,476   10,476    
Other assets 192,065   192,065    
Total assets 2,514,159   2,514,159    
Debt 1,008,104   1,008,104    
Other liabilities 208,230   208,230    
Total liabilities 1,216,334   1,216,334    
Total equity 1,297,825   1,297,825    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 1,297,825   1,297,825    
Investments in equity method investees 0   0    
Servicer Advances [Member]          
Segment Reporting Information [Line Items]          
Interest income 244,308 82,793 321,012 163,760  
Interest expense 40,720 58,795 84,596 121,870  
Net interest income (expense) 203,588 23,998 236,416 41,890  
Impairment 0 0 0 0  
Servicing revenue, net 0 0 0 0  
Other income (loss) 54,774 15,064 56,575 (12,327)  
Operating expenses 605 944 1,429 2,047  
Income (Loss) Before Income Taxes 257,757 38,118 291,562 27,516  
Income tax expense (benefit) 88,547 7,397 97,739 (2,605)  
Net Income (Loss) 169,210 30,721 193,823 30,121  
Noncontrolling interests in income (loss) of consolidated subsidiaries 3,328 10,345 9,148 14,547  
Net Income (Loss) Attributable to Common Stockholders 165,882 20,376 184,675 15,574  
Investments 4,936,226   4,936,226    
Cash and cash equivalents 76,969   76,969    
Restricted cash 67,254   67,254    
Other assets 83,715   83,715    
Total assets 5,164,164   5,164,164    
Debt 4,594,409   4,594,409    
Other liabilities 20,706   20,706    
Total liabilities 4,615,115   4,615,115    
Total equity 549,049   549,049    
Noncontrolling interests in equity of consolidated subsidiaries 159,167   159,167    
Total New Residential stockholders’ equity 389,882   389,882    
Investments in equity method investees 0   0    
Real Estate Securities [Member]          
Segment Reporting Information [Line Items]          
Interest income 113,475 68,214 207,283 114,127  
Interest expense 29,571 10,933 50,452 18,417  
Net interest income (expense) 83,904 57,281 156,831 95,710  
Impairment 5,115 2,819 7,227 6,073  
Servicing revenue, net 0 0 0 0  
Other income (loss) (15,374) (24,403) (20,970) (60,864)  
Operating expenses 297 477 628 938  
Income (Loss) Before Income Taxes 63,118 29,582 128,006 27,835  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) 63,118 29,582 128,006 27,835  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income (Loss) Attributable to Common Stockholders 63,118 29,582 128,006 27,835  
Investments 7,323,801   7,323,801    
Cash and cash equivalents 6,016   6,016    
Restricted cash 0   0    
Other assets 2,759,043   2,759,043    
Total assets 10,088,860   10,088,860    
Debt 6,697,202   6,697,202    
Other liabilities 1,830,355   1,830,355    
Total liabilities 8,527,557   8,527,557    
Total equity 1,561,303   1,561,303    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 1,561,303   1,561,303    
Investments in equity method investees 0   0    
Residential Mortgage Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 25,638 14,272 43,631 33,765  
Interest expense 11,628 6,904 19,168 14,294  
Net interest income (expense) 14,010 7,368 24,463 19,471  
Impairment 5,261 855 3,243 7,600  
Servicing revenue, net 0 0 0 0  
Other income (loss) 21,174 5,491 19,838 8,364  
Operating expenses 8,406 2,718 14,259 6,943  
Income (Loss) Before Income Taxes 21,517 9,286 26,799 13,292  
Income tax expense (benefit) 4,793 42 2,476 (179)  
Net Income (Loss) 16,724 9,244 24,323 13,471  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income (Loss) Attributable to Common Stockholders 16,724 9,244 24,323 13,471  
Investments 1,854,385   1,854,385    
Cash and cash equivalents 2,521   2,521    
Restricted cash 0   0    
Other assets 108,829   108,829    
Total assets 1,965,735   1,965,735    
Debt 1,461,034   1,461,034    
Other liabilities 40,252   40,252    
Total liabilities 1,501,286   1,501,286    
Total equity 464,449   464,449    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 464,449   464,449    
Investments in equity method investees 0   0    
Consumer Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 67,698 78,309 140,104 78,310  
Interest expense 13,633 18,872 28,506 19,217  
Net interest income (expense) 54,065 59,437 111,598 59,093  
Impairment 15,510 15,970 35,438 15,970  
Servicing revenue, net 0 0 0 0  
Other income (loss) 5,896 0 5,916 81,193  
Operating expenses 11,544 12,614 22,982 14,218  
Income (Loss) Before Income Taxes 32,907 30,853 59,094 110,098  
Income tax expense (benefit) 170 75 170 75  
Net Income (Loss) 32,737 30,778 58,924 110,023  
Noncontrolling interests in income (loss) of consolidated subsidiaries 12,343 14,630 22,303 14,630  
Net Income (Loss) Attributable to Common Stockholders 20,394 16,148 36,621 95,393  
Investments 1,614,424   1,614,424    
Cash and cash equivalents 25,902   25,902    
Restricted cash 54,895   54,895    
Other assets 40,313   40,313    
Total assets 1,735,534   1,735,534    
Debt 1,523,830   1,523,830    
Other liabilities 6,943   6,943    
Total liabilities 1,530,773   1,530,773    
Total equity 204,761   204,761    
Noncontrolling interests in equity of consolidated subsidiaries 34,987   34,987    
Total New Residential stockholders’ equity 169,774   169,774    
Investments in equity method investees 45,036   45,036    
Corporate [Member]          
Segment Reporting Information [Line Items]          
Interest income 170 626 354 1,320  
Interest expense 0 0 0 0  
Net interest income (expense) 170 626 354 1,320  
Impairment 0 0 0 0  
Servicing revenue, net 0 0 0 0  
Other income (loss) 0 0 0 15  
Operating expenses 59,078 19,229 89,264 36,620  
Income (Loss) Before Income Taxes (58,908) (18,603) (88,910) (35,285)  
Income tax expense (benefit) 0 4 0 4  
Net Income (Loss) (58,908) (18,607) (88,910) (35,289)  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income (Loss) Attributable to Common Stockholders (58,908) $ (18,607) (88,910) $ (35,289)  
Investments 0   0    
Cash and cash equivalents 3,928   3,928    
Restricted cash 0   0    
Other assets 13,328   13,328    
Total assets 17,256   17,256    
Debt 0   0    
Other liabilities 223,214   223,214    
Total liabilities 223,214   223,214    
Total equity (205,958)   (205,958)    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity (205,958)   (205,958)    
Investments in equity method investees $ 0   $ 0