Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

v2.4.0.8
DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 1 Months Ended 0 Months Ended 3 Months Ended 1 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2014
NRART Master Trust [Member]
Prepaid Variable Funding Notes [Member]
Mar. 31, 2014
NRART Master Trust [Member]
Prepaid Term Notes [Member]
Mar. 06, 2014
Non-Agency RMBS [Member]
Mar. 31, 2014
Non-Agency RMBS [Member]
Mar. 31, 2014
Lower Range [Member]
NRART Master Trust [Member]
Prepaid Variable Funding Notes [Member]
Mar. 31, 2014
Upper Range [Member]
NRART Master Trust [Member]
Prepaid Variable Funding Notes [Member]
Mar. 31, 2014
Merrill Lynch, Pierce Fenner & Smith [Member]
Mar. 31, 2014
Total Repurchase Agreements [Member]
Mar. 31, 2014
Agency RMBS Repurchase Agreements [Member]
Mar. 31, 2014
Agency RMBS Repurchase Agreements [Member]
Mizuho [Member]
Mar. 31, 2014
Agency RMBS Repurchase Agreements [Member]
Morgan Stanley [Member]
Mar. 31, 2014
Agency RMBS Repurchase Agreements [Member]
Daiwa [Member]
Mar. 31, 2014
Agency RMBS Repurchase Agreements [Member]
Jefferies [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Barclays [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Credit Suisse [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Royal Bank of Scotland [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Bank of America [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Goldman Sachs [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
UBS [Member]
Mar. 31, 2014
Non-agency RMBS Repurchase Agreements [Member]
Royal Bank of Canada [Member]
Mar. 31, 2014
Non-agency RMBS Master Repurchase Agreement [Member]
Mar. 31, 2014
Consumer Loans Repurchase Agreements [Member]
Mar. 31, 2014
Secured Corporate Loan [Member]
Mar. 31, 2014
Secured Corporate Loan [Member]
Lower Range [Member]
Mar. 31, 2014
Secured Corporate Loan [Member]
Upper Range [Member]
Mar. 31, 2014
Servicer Advance Notes [Member]
Mar. 31, 2014
Residential Mortgage Loans [Member]
Mar. 31, 2014
Secured Debt Financing [Member]
Merrill Lynch, Pierce Fenner & Smith [Member]
Jan. 08, 2014
Master Credit Suisse Repurchase Agreement [Member]
Interest payable $ 5,033 $ 4,010               $ 700                                            
Repurchase agreements                       160,800 160,500 315,000 481,300   34,700 132,300 42,500 459,900 83,300 74,600 55,700                  
Debt face amount 5,377,899 [1]   1,100,000 1,000,000           2,143,094 [1] 1,117,592 [1],[2]         883,002 [1],[3]                 142,500 [1],[4] 69,055 [1]     3,142,292 [1] 23,458 [1] 415,000 150,000
Carrying value 5,377,899 [1]                 2,143,094 [1],[5] 1,117,592 [1]         883,002 [1]               103,200   69,055 [1]     3,142,292 [1],[6] 23,458 [1]    
Variable interest rate basis description     LIBOR or cost of funds rate                                         One-month LIBOR or cost of funds rate One-month LIBOR or cost of funds rate One-month LIBOR or cost of funds rate     One-month LIBOR One-month LIBOR   One-month LIBOR
Variable Interest Rate Spread             1.375% 2.50%                               1.75% 4.00% 4.00% 1.30% 2.50%   3.25%   4.00%
Interest rate       2.00%                                                        
Face amount of securities purchased         625,000 1,400,000                                                    
Purchase of Non-Agency RMBS (1,038,721)       553,000 863,400                                                    
Percentage of mezzanine and subordinate tranche purchased         75.00%       25.00%                                              
Mortgage loans pledged         900,000                                                      
Unused borrowing capacity fee                                                         0.50%      
TBA agreements with a long notional amount 850,000                                                              
TBA agreements with a short notional amount $ 975,000                                                              
[1] Excludes debt related to linked transactions (Note 10).
[2] The counterparties of these repurchase agreements are Mizuho ($160.8 million), Morgan Stanley ($160.5 million), Daiwa ($315.0 million) and Jefferies ($481.3 million) and were subject to customary margin call provisions.
[3] The counterparties of these repurchase agreements are Barclays ($34.7 million), Credit Suisse ($132.3 million), Royal Bank of Scotland ($42.5 million), Bank of America ($459.9 million), Goldman Sachs ($83.3 million), UBS ($74.6 million) and Royal Bank of Canada ($55.7 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates. Includes $103.2 million borrowed under a master repurchase agreement, which bears interest at one-month LIBOR plus 1.75%.
[4] The repurchase agreement is payable to Credit Suisse and bears interest equal to one-month LIBOR plus 4.0%.
[5] These repurchase agreements had approximately $0.7 million of associated accrued interest payable as of March 31, 2014.
[6] New Residential's unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions. New Residential pays a 0.5% fee on the unused borrowing capacity.