Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION AND BASIS OF PRESENTATION - Total Consideration in Shellpoint Acquisition (Details)

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ORGANIZATION AND BASIS OF PRESENTATION - Total Consideration in Shellpoint Acquisition (Details) - USD ($)
6 Months Ended
Jul. 03, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Assets        
Cash and cash equivalents [1]   $ 406,038,000   $ 251,058,000
Restricted cash   159,151,000   164,020,000
Residential mortgage loans, held-for-sale, at fair value   5,588,540,000   2,808,529,000
Mortgage servicing rights, at fair value   2,976,008,000   2,884,100,000
Residential mortgage loans, held-for-investment, at fair value   117,155,000   121,088,000
Residential mortgage loans subject to repurchase   141,581,000 $ 0 121,602,000
Intangible assets   19,065,000   18,708,000
Other assets   1,025,872,000   688,408,000
Total assets   36,792,375,000   31,691,013,000
Liabilities        
Repurchase agreements   21,480,245,000   15,553,969,000
Notes and bonds payable [1]   7,297,765,000   7,102,266,000
Residential mortgage loans repurchase liability   141,581,000   121,602,000
Excess spread financing, at fair value   28,078,000   39,304,000
Accrued expenses and other liabilities [1]   571,292,000   490,510,000
Total liabilities   29,991,545,000   25,602,718,000
Noncontrolling interests in equity of consolidated subsidiaries   82,865,000   90,625,000
Goodwill   24,645,000   $ 24,645,000
Shellpoint Acquisition        
Business Acquisition [Line Items]        
Cash Consideration $ 212,300,000      
Earnout Payment 39,300,000 0 $ 0  
Effective Settlement of Preexisting Relationships 173,900,000      
Total Consideration 425,500,000      
Contingent consideration, range of outcomes, maximum $ 60,000,000.0      
Contingent consideration, payment term 3 years      
Contingent consideration fair value $ 39,300,000 $ 45,600,000    
Assets        
Cash and cash equivalents 79,200,000      
Restricted cash 9,900,000      
Residential mortgage loans, held-for-sale, at fair value 488,200,000      
Mortgage servicing rights, at fair value 286,600,000      
Residential mortgage loans, held-for-investment, at fair value 125,300,000      
Residential mortgage loans subject to repurchase 121,400,000      
Intangible assets 18,400,000      
Other assets 81,500,000      
Total assets 1,210,500,000      
Liabilities        
Repurchase agreements 439,600,000      
Notes and bonds payable 20,700,000      
Mortgage-backed securities issued, at fair value 120,700,000      
Residential mortgage loans repurchase liability 121,400,000      
Excess spread financing, at fair value 48,300,000      
Accrued expenses and other liabilities 50,600,000      
Total liabilities 801,300,000      
Noncontrolling interests in equity of consolidated subsidiaries 8,300,000      
Net Assets 400,900,000      
Goodwill 24,600,000      
Minimum | Shellpoint Acquisition        
Business Acquisition [Line Items]        
Contingent consideration, range of outcomes, minimum 0      
Maximum | Shellpoint Acquisition        
Business Acquisition [Line Items]        
Contingent consideration, range of outcomes, maximum 60,000,000.0      
Ginnie Mae | Shellpoint Acquisition        
Assets        
Mortgage servicing rights, at fair value $ 135,300,000      
Technology-Based Intangible Assets | Shellpoint Acquisition        
Liabilities        
Finite-lived intangible assets, useful life 5 years      
Trade Names | Shellpoint Acquisition        
Liabilities        
Finite-lived intangible assets, useful life 6 months      
[1]
New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6), the RPL Borrowers (defined in Note 8), Shellpoint Asset Funding Trust 2013-1 (“SAFT 2013-1”) and the Shelter retail mortgage origination joint ventures (“Shelter JVs”) (Note 8) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments, residential mortgage loans and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.