Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EQUITY METHOD INVESTEES - EXCESS MSR INVESTMENTS (Details 1)

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INVESTMENTS IN EQUITY METHOD INVESTEES - EXCESS MSR INVESTMENTS (Details 1) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Jan. 04, 2013
Nov. 30, 2012
Ownership percentage in equity method investees 50.00%    
Weighted average yield 3.26%    
Weighted Average Maturity (Years) 5 years 11 months [1],[2]    
MSRs
     
Unpaid principal balance of underlying loans $ 73,322,892    
Amortized Cost Basis 225,308 [3]    
Carrying Value 236,555 [4]    
Weighted average yield 17.60%    
Weighted Average Maturity (Years) 5 years 5 months    
Equity Method Investments | MSRs Pool 6
     
Unpaid principal balance of underlying loans 11,821,572    
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 42,388 [5]    
Carrying Value 41,453 [6]    
Weighted average yield 17.40%    
Weighted Average Maturity (Years) 4 years 11 months [7]    
Equity Method Investments | MSR Pool 6 Recapture Agreement
     
Unpaid principal balance of underlying loans       
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 10,954 [5]    
Carrying Value 10,972 [6]    
Weighted average yield 17.40%    
Weighted Average Maturity (Years) 10 years 8 months [7]    
Equity Method Investments | MSRs Pool 7
     
Unpaid principal balance of underlying loans 36,440,577    
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 109,420 [5]    
Carrying Value 109,048 [6]    
Weighted average yield 15.20%    
Weighted Average Maturity (Years) 5 years 1 month [7]    
Equity Method Investments | MSR Pool 7 Recapture Agreement
     
Unpaid principal balance of underlying loans       
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 23,296 [5]    
Carrying Value 23,164 [6]    
Weighted average yield 15.20%    
Weighted Average Maturity (Years) 12 years [7]    
Equity Method Investments | MSRs Pool 8
     
Unpaid principal balance of underlying loans 16,613,186    
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 58,748 [5]    
Carrying Value 57,177 [6]    
Weighted average yield 15.00%    
Weighted Average Maturity (Years) 5 years [7]    
Equity Method Investments | MSR Pool 8 Recapture Agreement
     
Unpaid principal balance of underlying loans       
Investee Interest in Excess MSR 66.70%    
Ownership percentage in equity method investees 50.00%    
Amortized Cost Basis 13,312 [5]    
Carrying Value 13,150 [6]    
Weighted average yield 15.00%    
Weighted Average Maturity (Years) 11 years 8 months [7]    
Equity Method Investments | MSRs
     
Unpaid principal balance of underlying loans 64,875,335   13,000,000
Ownership percentage in equity method investees   50.00%  
Amortized Cost Basis 258,118 [5]    
Carrying Value $ 254,964 [6]    
Weighted average yield 15.60%    
Weighted Average Maturity (Years) 6 years 4 months [7]    
[1] The weighted average maturity is based on the timing of expected principal reduction on the assets.
[2] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.
[3] The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[4] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[5] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[6] Represents the carrying value of the equity method investees in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[7] The weighted average maturity represents the weighted average expected timing of the receipt of cash flows of each investment.