Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Variable Interest Entities, Assets and Liabilities (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents [1] $ 406,038 $ 251,058
Intangible assets 19,065 18,708
Residential mortgage loans [1] 641,389 735,329
Other assets 89,968 55,682
Total assets 36,792,375 31,691,013
Liabilities    
Notes and bonds payable [1] 7,297,765 7,102,266
Reserve for sales recourse 8,016 5,880
Total liabilities 29,991,545 25,602,718
VIE, consolidated | RPL Borrowers    
Assets    
Residential mortgage loans 437,457  
Other assets 0  
Total assets 437,457  
Liabilities    
Notes and bonds payable 370,561  
Accounts payable and accrued expenses 2,559  
Total liabilities 373,120  
VIE, consolidated | Shelter Mortgage Company, LLC    
Assets    
Cash and cash equivalents 17,685 17,346
Property and equipment, net 124 137
Intangible assets 62 70
Prepaid expenses and other assets 3,808 411
Total assets 21,679 17,964
Liabilities    
Accounts payable and accrued expenses 2,716 1,315
Reserve for sales recourse 1,085 967
Total liabilities $ 3,801 $ 2,282
[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.