Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details)

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INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]    
Carrying Value [1] $ 881,183 $ 1,072,202
Weighted Average Life (Years) 24 days  
Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
UPB of Underlying Mortgages $ 17,300  
LoanCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
Interest in Consumer Loans 25.00%  
LoanCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
UPB of Underlying Mortgages $ 1,226  
Carrying Value $ 1,632  
Weighted Average Coupon 18.70%  
Weighted Average Life (Years) 1 month  
Weighted Average Delinquency 0.00%  
[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.