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
Sep. 30, 2019
Dec. 31, 2018
Assets    
Residential mortgage loans $ 1,349,997 $ 932,480
Other assets 130,265 55,682
Total assets 41,347,925 31,691,013
Cash and cash equivalents [1] 738,219 251,058
Intangible assets 19,346 18,708
Liabilities    
Notes and bonds payable [1] 7,405,872 7,102,266
Reserve for sales recourse 9,173 5,880
Total liabilities 34,085,808 25,602,718
VIE, consolidated | RPL Borrowers    
Assets    
Residential mortgage loans 430,461  
Other assets 0  
Total assets 430,461  
Liabilities    
Notes and bonds payable 364,380  
Accounts payable and accrued expenses 3,562  
Total liabilities 367,942  
VIE, consolidated | Shelter Mortgage Company, LLC    
Assets    
Total assets 26,693 17,964
Cash and cash equivalents 21,604 17,346
Property and equipment, net 128 137
Intangible assets 58 70
Prepaid expenses and other assets 4,903 411
Liabilities    
Accounts payable and accrued expenses 3,065 1,315
Reserve for sales recourse 1,192 967
Total liabilities $ 4,257 $ 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.