Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS

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DEBT OBLIGATIONS
3 Months Ended
Mar. 31, 2013
Debt Obligations  
DEBT OBLIGATIONS

7.     DEBT OBLIGATIONS

 

The following table presents certain information regarding New Residential’s debt obligations at March 31, 2013:

 

                                            Collateral  
Repurchase Agreements (A)   Month Issued     Outstanding Face     Carrying Value     Final Stated Maturity   Contractual WAC     WAC     WAL     Outstanding Face     Amortized Cost Basis     Carrying Value     WAL  
                                                                 
Agency RMBS (D)     Various     $ 757,029     $ 757,029     Apr-13     0.45 %     0.45 %     0.1     $ 754,496     $ 797,547     $ 799,455       4.1  
Non Agency RMBS (B) (C)     Various       158,029       158,029     Apr-13     LIBOR + 2.00%       2.20 %     0.1       330,871       208,245       233,813       6.8  
                                                                                     
            $ 915,058     $ 915,058                   0.75 %     0.1     $ 1,085,367     $ 1,005,792     $ 1,033,268       4.9  

 

(A) These repurchase agreements had approximately $0.1 million of associated accrued interest payable at March 31, 2013. All of these repurchase agreements were renewed subsequent to March 31, 2013.
   
(B) The counterparty of these repurchase agreements is Credit Suisse.
   
(C) Newcastle was the guarantor of these repurchase agreements, which were subject to customary margin call provisions, see Note 12.
   
(D) The counterparties of these repurchase agreements are Goldman Sachs ($343.8 million), Citi ($118.8 million), Nomura ($238.2 million) and Morgan Stanley ($56.2 million).