Quarterly report pursuant to Section 13 or 15(d)

PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Details)

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PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 06, 2013
Apr. 09, 2013
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Dec. 31, 2011
Assets            
Real estate securities, available-for-sale     $ 1,318,023 [1],[2] $ 289,756    
Investments in excess mortgage servicing rights at fair value     236,555 245,036    
Investments in equity method investees at fair value     102,588       
Investments in equity method investees, consumer loans, at fair value             
Residential mortgage loans, held-for-investment     35,484       
Cash and cash equivalents                
Other assets     450 84    
[Assets]     1,693,100 534,876    
Liabilities            
Repurchase agreements 47,000 144,000 915,058 150,922    
Payable related to the investments in equity method investees, excess mortgage servicing rights             
Due to affiliates     7,784 5,136    
Accrued expenses and other liabilities     2,839 462    
[Liabilities]     925,681 156,520    
Commitments and contingencies             
Equity            
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 253,025,645 issued and outstanding on a pro forma basis             
Equity     735,710 362,830    
Accumulated other comprehensive income     31,709 15,526    
Total Equity     767,419 378,356    
[LiabilitiesAndStockholdersEquity]     1,693,100 534,876    
Pro Forma Adjustment
           
Assets            
Real estate securities, available-for-sale     501,815 [3]      
Investments in excess mortgage servicing rights at fair value     2,453 [4]      
Investments in equity method investees at fair value     268,133 [5]      
Investments in equity method investees, consumer loans, at fair value     247,971 [6]      
Residential mortgage loans, held-for-investment             
Cash and cash equivalents     102,936 [7]      
Other assets             
[Assets]     1,123,308      
Liabilities            
Repurchase agreements     477,840 [8]      
Payable related to the investments in equity method investees, excess mortgage servicing rights     198,855 [9]      
Due to affiliates             
Accrued expenses and other liabilities             
[Liabilities]     676,695      
Equity            
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 253,025,645 issued and outstanding on a pro forma basis     2,530 [10]      
Equity     444,083 [11]      
Accumulated other comprehensive income             
Total Equity     446,613      
[LiabilitiesAndStockholdersEquity]     1,123,308      
New Residential Pro Forma
           
Assets            
Real estate securities, available-for-sale     1,819,838      
Investments in excess mortgage servicing rights at fair value     239,008      
Investments in equity method investees at fair value     370,721      
Investments in equity method investees, consumer loans, at fair value     247,971      
Residential mortgage loans, held-for-investment     35,484      
Cash and cash equivalents     102,936      
Other assets     450      
[Assets]     2,816,408      
Liabilities            
Repurchase agreements     1,392,898      
Payable related to the investments in equity method investees, excess mortgage servicing rights     198,855      
Due to affiliates     7,784      
Accrued expenses and other liabilities     2,839      
[Liabilities]     1,602,376      
Equity            
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 253,025,645 issued and outstanding on a pro forma basis     2,530      
Equity     1,179,793      
Accumulated other comprehensive income     31,709      
Total Equity     1,214,032      
[LiabilitiesAndStockholdersEquity]     $ 2,816,408      
[1] Fair value, which is equal to carrying value for all securities. See Note 8 regarding the estimation of fair value.
[2] The total outstanding face amount of fixed rate securities was $1.1 million, and of floating rate securities was $1.5 billion.
[3] Represents the carrying value of securities contributed by Newcastle to New Residential and the acquisition of additional Agency and Non-Agency RMBS subsequent to March 31, 2013 net of sales.
[4] Represents the investment in additional excess mortgage servicing rights subsequent to March 31, 2013.
[5] Represents the investment in additional equity method investees, excess mortgage servicing rights, subsequent to March 31, 2013.
[6] Represents the investments in equity method investees, consumer loans, subsequent to March 31, 2013.
[7] Represents New Residential's cash balance as of May 15, 2013 adjusted for subsequent purchases, sales and financings.
[8] Represents the additional repurchase agreements to finance the real estate securities described above, net of paydowns through June 10, 2013.
[9] Represents commitments of New Residential's investments in equity method investees.
[10] Represents 253,025,645 shares of common stock at a par value of $0.01 per share. The number of shares of common stock is based on Newcastle's shares of common stock outstanding on May 6, 2013 and a distribution ratio of one share of New Residential common stock for each share of Newcastle common stock.
[11] Represents New Residential's accumulated equity, including the additional contributions from Newcastle to New Residential subsequent to March 31, 2013, less the par value of the shares of common stock set forth above.