Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Details)

v2.4.0.8
SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Interest income $ 71,490 $ 16,191  
Interest expense 38,997 899  
Net interest income 32,493 15,292  
Impairment 492    
Other income 35,050 2,827  
Operating expenses 9,899 5,044  
Income (Loss) before Income Taxes 57,152 13,075  
Income tax expense 287    
Net Income (Loss) 56,865 13,075  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 8,093    
Net income (loss) attributable to common shareholders 48,772 13,075  
Investments 6,748,084    
Cash and restricted cash 140,495    
Restricted cash 34,607   33,338
Derivative assets 45,040   35,926
Other assets 30,608   53,142
Total assets 6,998,834   5,958,658
Debt 5,377,899 [1]    
Other liabilities 60,286    
Total liabilities 5,438,185   4,445,583
Total Equity 1,560,649   1,513,075
Noncontrolling interests in equity of consolidated subsidiaries 284,335   247,225
Total New Residential stockholders' equity 1,276,314   1,265,850
Investments in equity method investees at fair value 569,729    
Excess MSRs [Member]
     
Interest income 13,816 10,035  
Interest expense 1,291    
Net interest income 12,525 10,035  
Other income 12,976 2,827  
Operating expenses 65 62  
Income (Loss) before Income Taxes 25,436 12,800  
Net Income (Loss) 25,434 12,800  
Net income (loss) attributable to common shareholders 25,434 12,800  
Investments 680,011    
Cash and restricted cash 3,704    
Total assets 683,715    
Other liabilities 110    
Total liabilities 110    
Total Equity 683,605    
Total New Residential stockholders' equity 683,605    
Investments in equity method investees at fair value 338,307    
Servicer Advances [Member]
     
Interest income 45,716    
Interest expense 31,956    
Net interest income 13,760    
Operating expenses 250    
Income (Loss) before Income Taxes 13,510    
Income tax expense 287    
Net Income (Loss) 13,223    
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 8,093    
Net income (loss) attributable to common shareholders 5,130    
Investments 3,457,385    
Cash and restricted cash 75,408    
Restricted cash 34,607    
Other assets 7,108    
Total assets 3,574,508    
Debt 3,142,292    
Other liabilities 4,667    
Total liabilities 3,146,959    
Total Equity 427,549    
Noncontrolling interests in equity of consolidated subsidiaries 284,335    
Total New Residential stockholders' equity 143,218    
Real Estate Securities [Member]
     
Interest income 11,238 6,156  
Interest expense 4,069 899  
Net interest income 7,169 5,257  
Impairment 328    
Other income 5,042    
Operating expenses 60    
Income (Loss) before Income Taxes 11,823 5,257  
Net Income (Loss) 11,823 5,257  
Net income (loss) attributable to common shareholders 11,823 5,257  
Investments 2,345,221    
Cash and restricted cash 10,425    
Derivative assets 769    
Other assets 21,853    
Total assets 2,378,268    
Debt 2,000,594    
Other liabilities 1,338    
Total liabilities 2,001,932    
Total Equity 376,336    
Total New Residential stockholders' equity 376,336    
Real Estate Loans [Member]
     
Interest income 720    
Interest expense 198    
Net interest income 522    
Impairment 164    
Other income 671    
Operating expenses 90    
Income (Loss) before Income Taxes 939    
Net Income (Loss) 939    
Net income (loss) attributable to common shareholders 939    
Investments 34,045    
Cash and restricted cash 127    
Derivative assets 44,271    
Other assets 618    
Total assets 79,061    
Debt 23,458    
Other liabilities 293    
Total liabilities 23,751    
Total Equity 55,310    
Total New Residential stockholders' equity 55,310    
Consumer Loans [Member]
     
Interest expense 1,483    
Net interest income (1,483)    
Other income 16,360    
Operating expenses 23 1,951  
Income (Loss) before Income Taxes 14,854 (1,951)  
Net Income (Loss) 14,854 (1,951)  
Net income (loss) attributable to common shareholders 14,854 (1,951)  
Investments 231,422    
Other assets 87    
Total assets 231,509    
Debt 142,500    
Other liabilities 244    
Total liabilities 142,744    
Total Equity 88,765    
Total New Residential stockholders' equity 88,765    
Investments in equity method investees at fair value 231,422    
Corporate [Member]
     
Other income 1    
Operating expenses 9,411 3,031  
Income (Loss) before Income Taxes (9,410) (3,031)  
Net Income (Loss) (9,410) (3,031)  
Net income (loss) attributable to common shareholders (9,410) (3,031)  
Cash and restricted cash 50,831    
Other assets 942    
Total assets 51,773    
Debt 69,055    
Other liabilities 53,634    
Total liabilities 122,689    
Total Equity (70,916)    
Total New Residential stockholders' equity $ (70,916)    
[1] Excludes debt related to linked transactions (Note 10).