Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position and the Associated Intent to Sell (Details 2)

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INVESTMENTS IN REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position and the Associated Intent to Sell (Details 2) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Securities Intended To Sell [Member]
 
Fair Value $ 62,742 [1]
Amortized Cost Basis after impairment 63,825 [1]
Unrealized Credit Losses (121) [1],[2]
Unrealized Non-Credit Losses (1,084) [1],[3]
Securities No Intent To Sell - Credit Impaired [Member]
 
Fair Value 238,162
Amortized Cost Basis after impairment 240,857
Unrealized Credit Losses (1,793) [2]
Unrealized Non-Credit Losses (2,695) [3]
Securities No Intent To Sell - Non-Credit Impaired [Member]
 
Fair Value 797,997
Amortized Cost Basis after impairment 803,384
Unrealized Non-Credit Losses (5,386) [3]
Securities in an Unrealized Loss Position [Member]
 
Fair Value 1,098,901
Amortized Cost Basis after impairment 1,108,066
Unrealized Credit Losses (1,914) [2]
Unrealized Non-Credit Losses $ (9,165) [3]
[1] A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment, and, therefore do not have unrealized losses reflected in other comprehensive income as of March 31, 2014.
[2] This amount is required to be recorded as other-than-temporary impairment through earnings. In measuring the portion of credit losses, New Residential's management estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include management's expectations of prepayment speeds, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment's effective interest rate.
[3] This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income.