Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME, ASSETS AND LIABILITIES - Other Assets and Other Liabilities (Details)

v2.4.0.8
OTHER INCOME, ASSETS AND LIABILITIES - Other Assets and Other Liabilities (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Other Assets    
Margin receivable $ 772 $ 40,132
Interest and other receivables 5,936 7,548
Deferred financing costs, net 5,554 [1] 4,773 [1]
Real Estate Owned 30,976 [2] 0 [2]
Other Assets 3,517 689
Other assets 46,755 53,142
Amortization of deferred financing costs 6,517 768
Other Liabilities    
Interest payable 2,185 4,010
Accounts payable 4,950 2,829
Derivative liability 0 18
Current taxes payable 527 0
Other liabilities 917 0
Accrued expenses and other liabilities $ 8,579 $ 6,857
[1] Deferred financing costs is net of accumulated amortization of $6,517 and $768 as of June 30, 2014 and December 31, 2013, respectively.
[2] Real estate owned ("REO") assets are those individual properties New Residential purchased or received in satisfaction of a debt (e.g., by taking legal title or physical possession). REO assets are initially recognized at fair value less costs to sell and the carrying value of the acquired property is reviewed on a recurring basis and adjusted, if necessary, to the lower of cost or fair value.