New Residential Investment Corp. Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Tables)

9 Months Ended

Sep. 30, 2013

The following is a summary of residential mortgage loans at September 30, 2013, all of which are classified as held for investment:

Loan Type		Outstanding Face Amount (A)				Carrying Value (A)				Loan Count				Weighted Average Yield				Weighted Average Coupon (B)				Weighted Average Life (Years) (C)				Floating Rate Loans as a % of Face Amount				Delinquent Face Amount
Reverse Mortgage Loans		$	56,738			$	33,060				327				10.3	%			5.1	%			3.8				22.0	%			N/A

(A)	Represents a 70% interest New Residential holds in the reverse mortgage loans.

(B)	Represents the stated interest rate on the loans. Accrued interest on reverse mortgage loans is generally added to the principal balance and paid when the loan is resolved.

(C)	The weighted average life is based on the expected timing of the receipt of cash flows.

Activities related to the carrying value of residential mortgage loans are as follows:


	For the nine months ended September 30, 2013
Balance at December 31, 2012	$	—
Purchases/additional fundings		35,138
Proceeds from repayments		(3,945	)
Accretion of loan discount and other amortization		1,867
Balance at September 30, 2013	$	33,060