Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)

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INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
security
bond
Sep. 30, 2019
USD ($)
security
bond
Dec. 31, 2018
USD ($)
Sales      
Outstanding Face Amount $ 30,643,013 $ 30,643,013  
Amortized Cost Basis 16,126,466 16,126,466  
Carrying Value 16,853,910 $ 16,853,910 $ 11,636,581
Weighted Average Life (Years)   24 days  
Investments 31,576,630 $ 31,576,630  
Bonds      
Sales      
Carrying Value $ 1,064,100 $ 1,064,100  
Number of bonds which New Residential was unable to obtain rating information | bond 312 312  
Residual Bonds      
Sales      
Investments $ 225,200 $ 225,200  
Non-Agency Bonds      
Sales      
Investments 3,500 3,500  
Agency RMBS      
Purchases      
Face 12,306,400 25,123,500  
Purchase Price 12,610,900 25,700,000  
Sales      
Face 6,073,400 17,898,500  
Amortized Cost Basis 6,233,500 18,339,100  
Sale Price 6,252,800 18,451,400  
Gain (Loss) on Sale 19,300 112,300  
Outstanding Face Amount 8,797,199 8,797,199  
Amortized Cost Basis 8,950,763 8,950,763  
Gross Unrealized Gains 56,939 56,939  
Gross Unrealized Losses (9,636) (9,636)  
Carrying Value $ 8,998,066 $ 8,998,066 2,665,618
Number of Securities | security 39 39  
Weighted Average Rating   AAA  
Weighted Average Coupon 3.66% 3.66%  
Weighted Average Yield 3.06% 3.06%  
Weighted Average Life (Years)   4 years 7 months 6 days  
Agency RMBS | Fixed Rate Securities      
Sales      
Outstanding Face Amount $ 8,800,000 $ 8,800,000  
Agency RMBS | Floating Rate Securities      
Sales      
Outstanding Face Amount 0 0  
Non-Agency      
Purchases      
Face 3,324,900 7,899,100  
Purchase Price 247,000 1,164,900  
Sales      
Face 1,325,200 2,162,700  
Amortized Cost Basis 832,400 1,571,000  
Sale Price 910,900 1,662,900  
Gain (Loss) on Sale 78,500 91,900  
Outstanding Face Amount 21,845,814 21,845,814  
Amortized Cost Basis 7,175,703 7,175,703  
Gross Unrealized Gains 711,078 711,078  
Gross Unrealized Losses (30,937) (30,937)  
Carrying Value $ 7,855,844 $ 7,855,844 8,970,963
Number of Securities | security 950 950  
Weighted Average Rating   B+  
Weighted Average Coupon 3.03% 3.03%  
Weighted Average Yield 4.84% 4.84%  
Weighted Average Life (Years)   6 years 3 months 18 days  
Weighted Average Principal Subordination 10.60% 10.60%  
Non-Agency | Fixed Rate Securities      
Sales      
Outstanding Face Amount $ 10,200,000 $ 10,200,000  
Residual and interest - only notional amount 7,900,000 7,900,000  
Non-Agency | Floating Rate Securities      
Sales      
Outstanding Face Amount 11,700,000 11,700,000  
Residual and interest - only notional amount 4,900,000 4,900,000  
Investments in Real Estate Securities      
Sales      
Outstanding Face Amount 30,643,013 30,643,013  
Amortized Cost Basis 16,126,466 16,126,466  
Gross Unrealized Gains 768,017 768,017  
Gross Unrealized Losses (40,573) (40,573)  
Carrying Value $ 16,853,910 $ 16,853,910 $ 11,636,581
Number of Securities | security 989 989  
Weighted Average Rating   BBB+  
Weighted Average Coupon 3.35% 3.35%  
Weighted Average Yield 3.85% 3.85%  
Weighted Average Life (Years)   5 years 3 months 18 days  
Corporate debt      
Sales      
Outstanding Face Amount $ 85,000 $ 85,000  
Amortized Cost Basis 85,000 85,000  
Gross Unrealized Gains 0 0  
Gross Unrealized Losses (7,013) (7,013)  
Carrying Value $ 77,987 $ 77,987  
Number of Securities | security 1 1  
Weighted Average Rating   B-  
Weighted Average Coupon 8.25% 8.25%  
Weighted Average Yield 8.25% 8.25%  
Weighted Average Life (Years)   5 years 6 months  
Consumer loan bonds      
Sales      
Outstanding Face Amount $ 30,945 $ 30,945  
Amortized Cost Basis 29,990 29,990  
Gross Unrealized Gains 566 566  
Gross Unrealized Losses (5,073) (5,073)  
Carrying Value $ 25,483 $ 25,483  
Number of Securities | security 6 6  
Weighted Average Yield 8.09% 8.09%  
Weighted Average Life (Years)   1 year 6 months  
Interest-only securities      
Sales      
Outstanding Face Amount $ 9,574,284 $ 9,574,284  
Amortized Cost Basis 290,481 290,481  
Gross Unrealized Gains 33,963 33,963  
Gross Unrealized Losses (13,890) (13,890)  
Carrying Value $ 310,554 $ 310,554  
Number of Securities | security 111 111  
Weighted Average Rating   AA  
Weighted Average Coupon 1.44% 1.44%  
Weighted Average Yield 7.43% 7.43%  
Weighted Average Life (Years)   3 years 2 months 12 days  
Servicing Strips      
Sales      
Outstanding Face Amount $ 2,568,427 $ 2,568,427  
Amortized Cost Basis 32,216 32,216  
Gross Unrealized Gains 4,306 4,306  
Gross Unrealized Losses (3,178) (3,178)  
Carrying Value $ 33,344 $ 33,344  
Number of Securities | security 37 37  
Weighted Average Coupon 0.39% 0.39%  
Weighted Average Yield 5.88% 5.88%  
Weighted Average Life (Years)   5 years 3 months 18 days