Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES

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TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES
3 Months Ended
Mar. 31, 2014
Transactions With Affiliates And Affiliated Entities  
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES
15. TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES

 

Due to affiliate is comprised of the following amounts:

 

    March 31, 2014     December 31, 2013  
Management fees   $ 1,495     $ 1,495  
Incentive compensation     5,855       16,847  
Expense reimbursements and other     647       827  
    $ 7,997     $ 19,169  

 

Affiliate expenses and fees were comprised of:

 

    Three Months Ended March 31,  
    2014     2013  
Management fees   $ 4,486     $ 2,325  
Incentive compensation     3,338       —  
Expense reimbursements (A)     125       —  
  Total   $ 7,949     $ 2,325  

 

(A) Included in General and Administrative Expenses in the Consolidated Statements of Income.

 

See Notes 4, 5, 6, 7, 8, 11, 14 and 18 for a discussion of transactions with Nationstar. As of March 31, 2014, a total face amount of $900.0 million of New Residential’s Non-Agency portfolio was serviced by Nationstar. The total UPB of the loans underlying these Nationstar serviced Non-Agency RMBS was approximately $12.2 billion as of March 31, 2014.

 

See Notes 9 and 18 for a discussion of a transaction with Springleaf.