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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Segment Reporting Information [Line Items]          
Interest income $ 92,656 $ 22,999 $ 164,146 $ 39,190  
Interest expense 36,512 2,651 75,509 3,550  
Net Interest Income 56,144 20,348 88,637 35,640  
Impairment 908 3,756 1,400 3,756  
Other income 177,889 98,182 212,939 101,009  
Operating expenses 29,522 5,552 39,421 10,596  
Income (Loss) Before Income Taxes 203,603 109,222 260,755 122,297  
Income tax expense 21,395 0 21,682 0  
Net income (loss) 182,208 109,222 239,073 122,297  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 58,705 0 66,798 0  
Net income (loss) attributable to common stockholders 123,503 109,222 172,275 122,297  
Investments 6,613,116   6,613,116    
Cash and cash equivalents 311,126   311,126    
Restricted cash 37,327   37,327   33,338
Derivative assets 30,992   30,992   35,926
Other assets 46,755   46,755   53,142
Total assets 7,039,316   7,039,316   5,958,658
Debt 5,104,627   5,104,627    
Other liabilities 122,909   122,909    
Total liabilities 5,227,536   5,227,536   4,445,583
Total equity 1,811,780   1,811,780   1,513,075
Noncontrolling interests in equity of consolidated subsidiaries 313,301   313,301   247,225
Total New Residential stockholders’ equity 1,498,479   1,498,479   1,265,850
Investments in equity method investees 580,268   580,268    
Excess MSRs
         
Segment Reporting Information [Line Items]          
Interest income 10,973 10,745 24,789 20,780  
Interest expense 0 0 1,291 0  
Net Interest Income 10,973 10,745 23,498 20,780  
Impairment 0 0 0 0  
Other income 18,245 61,960 31,221 64,787  
Operating expenses 320 34 385 96  
Income (Loss) Before Income Taxes 28,898 72,671 54,334 85,471  
Income tax expense 0 0 0 0  
Net income (loss) 28,898 72,671 54,334 85,471  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 28,898 72,671 54,334 85,471  
Investments 702,636   702,636    
Cash and cash equivalents 3,405   3,405    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 0   0    
Total assets 706,041   706,041    
Debt 0   0    
Other liabilities 1,205   1,205    
Total liabilities 1,205   1,205    
Total equity 704,836   704,836    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 704,836   704,836    
Investments in equity method investees 330,220   330,220    
Servicer Advances
         
Segment Reporting Information [Line Items]          
Interest income 57,107 0 102,823 0  
Interest expense 29,772 0 61,728 0  
Net Interest Income 27,335 0 41,095 0  
Impairment 0 0 0 0  
Other income 82,709 0 82,709 0  
Operating expenses 769 0 1,019 0  
Income (Loss) Before Income Taxes 109,275 0 122,785 0  
Income tax expense 21,395 0 21,682 0  
Net income (loss) 87,880 0 101,103 0  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 58,705 0 66,798 0  
Net income (loss) attributable to common stockholders 29,175 0 34,305 0  
Investments 3,679,105   3,679,105    
Cash and cash equivalents 120,722   120,722    
Restricted cash 37,327   37,327    
Derivative assets 0   0    
Other assets 7,925   7,925    
Total assets 3,845,079   3,845,079    
Debt 3,265,530   3,265,530    
Other liabilities 20,595   20,595    
Total liabilities 3,286,125   3,286,125    
Total equity 558,954   558,954    
Noncontrolling interests in equity of consolidated subsidiaries 313,301   313,301    
Total New Residential stockholders’ equity 245,653   245,653    
Investments in equity method investees 0   0    
Real Estate Securities
         
Segment Reporting Information [Line Items]          
Interest income 19,522 11,378 30,760 17,188  
Interest expense 3,512 2,651 7,581 3,550  
Net Interest Income 16,010 8,727 23,179 13,638  
Impairment 615 3,756 943 3,756  
Other income 53,413 58 58,455 58  
Operating expenses 571 27 631 22  
Income (Loss) Before Income Taxes 68,237 5,002 80,060 9,918  
Income tax expense 0 0 0 0  
Net income (loss) 68,237 5,002 80,060 9,918  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 68,237 5,002 80,060 9,918  
Investments 1,463,903   1,463,903    
Cash and cash equivalents 22,714   22,714    
Restricted cash 0   0    
Derivative assets 256   256    
Other assets 6,499   6,499    
Total assets 1,493,372   1,493,372    
Debt 1,331,354   1,331,354    
Other liabilities 254   254    
Total liabilities 1,331,608   1,331,608    
Total equity 161,764   161,764    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 161,764   161,764    
Investments in equity method investees 0   0    
Real Estate Loans
         
Segment Reporting Information [Line Items]          
Interest income 5,054 838 5,774 1,184  
Interest expense 1,191 0 1,389 0  
Net Interest Income 3,863 838 4,385 1,184  
Impairment 293 0 457 0  
Other income 2,187 0 2,858 0  
Operating expenses 887 125 977 130  
Income (Loss) Before Income Taxes 4,870 713 5,809 1,054  
Income tax expense 0 0 0 0  
Net income (loss) 4,870 713 5,809 1,054  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 4,870 713 5,809 1,054  
Investments 517,424   517,424    
Cash and cash equivalents 617   617    
Restricted cash 0   0    
Derivative assets 30,736   30,736    
Other assets 31,435   31,435    
Total assets 580,212   580,212    
Debt 382,743   382,743    
Other liabilities 1,925   1,925    
Total liabilities 384,668   384,668    
Total equity 195,544   195,544    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 195,544   195,544    
Investments in equity method investees 0   0    
Consumer Loans
         
Segment Reporting Information [Line Items]          
Interest income 0 0 0 0  
Interest expense 1,538 0 3,021 0  
Net Interest Income (1,538) 0 (3,021) 0  
Impairment 0 0 0 0  
Other income 21,335 36,164 37,695 36,164  
Operating expenses 90 0 113 1,951  
Income (Loss) Before Income Taxes 19,707 36,164 34,561 34,213  
Income tax expense 0 0 0 0  
Net income (loss) 19,707 36,164 34,561 34,213  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 19,707 36,164 34,561 34,213  
Investments 250,048   250,048    
Cash and cash equivalents 2,152   2,152    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 557   557    
Total assets 252,757   252,757    
Debt 125,000   125,000    
Other liabilities 519   519    
Total liabilities 125,519   125,519    
Total equity 127,238   127,238    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 127,238   127,238    
Investments in equity method investees 250,048   250,048    
Corporate
         
Segment Reporting Information [Line Items]          
Interest income 0 38 0 38  
Interest expense 499 0 499 0  
Net Interest Income (499) 38 (499) 38  
Impairment 0 0 0 0  
Other income 0 0 1 0  
Operating expenses 26,885 5,366 36,296 8,397  
Income (Loss) Before Income Taxes (27,384) (5,328) (36,794) (8,359)  
Income tax expense 0 0 0 0  
Net income (loss) (27,384) (5,328) (36,794) (8,359)  
Noncontrolling interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders (27,384) (5,328) (36,794) (8,359)  
Investments 0   0    
Cash and cash equivalents 161,516   161,516    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 339   339    
Total assets 161,855   161,855    
Debt 0   0    
Other liabilities 98,411   98,411    
Total liabilities 98,411   98,411    
Total equity 63,444   63,444    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 63,444   63,444    
Investments in equity method investees $ 0   $ 0