Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details)

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INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investment [Line Items]    
Total [1] $ 600,547 $ 735,846
Servicer Advances Receivable    
Investment [Line Items]    
Principal and interest advances 723,155 793,790
Escrow advances (taxes and insurance advances) 1,945,271 2,186,831
Foreclosure advances 173,032 199,203
Total 2,841,458 3,179,824
Servicer advances receivable related to agency MSRs 243,000 231,200
Servicer advances receivable related to Ginnie Mae MSRS, recoverable from Ginnie Mae 62,700 41,600
Servicer advances, unamortized discount and accrual $ 70,300 $ 98,000
[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.