Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details)

v3.19.2
OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Other Assets    
Margin receivable, net $ 102,542 $ 145,857
Servicing fee receivables 181,178 105,563
Due from servicers 145,147 95,261
Principal and interest receivable 123,460 76,015
Equity investment 90,411 74,323
Ditech deposit (Note 5) 70,000 0
Other receivables 87,015 23,723
Goodwill 24,645 24,645
Receivable from government agency 18,379 20,795
Intangible assets 19,065 18,708
Prepaid expenses 18,795 29,165
Operating lease right-of-use asset 20,123 0
Derivative assets (Note 10) 23,129 10,893
Ocwen common stock, at fair value 12,015 7,778
Other assets 89,968 55,682
Prepaid expense and other assets 1,025,872 688,408
Accrued Expenses and Other Liabilities    
MSR purchase price holdback 123,167 100,593
Accounts payable 71,114 75,591
Derivative liabilities (Note 10) 18,980 29,389
Interest payable 61,953 49,352
Due to servicers 143,605 95,419
Excess spread financing, at fair value 45,569 40,842
Excess spread financing, at fair value 28,078 39,304
Reserve for sales recourse 26,157 0
Reserve for sales recourse 8,016 5,880
Other liabilities 44,653 54,140
Accrued Expenses and Other Liabilities [1] $ 571,292 $ 490,510
[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.