Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

v2.4.0.8
DEBT OBLIGATIONS (Details Narrative) (USD $)
6 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 1 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Repurchase Agreements
Jun. 30, 2014
NRART Master Trust
Prepaid Variable Funding Notes
Jun. 30, 2014
NRART Master Trust
Prepaid Term Notes
May 30, 2014
Non-Agency RMBS
Mar. 06, 2014
Non-Agency RMBS
Jun. 30, 2014
Non-Agency RMBS
May 30, 2014
Non-Agency RMBS
Mar. 31, 2014
Lower Range
NRART Master Trust
Prepaid Variable Funding Notes
Mar. 31, 2014
Upper Range
NRART Master Trust
Prepaid Variable Funding Notes
Jun. 30, 2014
Total Repurchase Agreements
Jun. 30, 2014
Total Repurchase Agreements
Repurchase Agreements
Jun. 30, 2014
Agency RMBS Repurchase Agreements
Repurchase Agreements
Jun. 30, 2014
Agency RMBS Repurchase Agreements
Mizuho
Jun. 30, 2014
Agency RMBS Repurchase Agreements
Morgan Stanley
Jun. 30, 2014
Agency RMBS Repurchase Agreements
Daiwa
Jun. 30, 2014
Agency RMBS Repurchase Agreements
Jefferies
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Repurchase Agreements
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Barclays
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Credit Suisse
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Royal Bank of Scotland
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Bank of America
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
Goldman Sachs
Jun. 30, 2014
Non-agency RMBS Repurchase Agreements
UBS
Jun. 30, 2014
Non-agency RMBS Master Repurchase Agreement
Jun. 30, 2014
Consumer Loans Repurchase Agreements
Jun. 30, 2014
Consumer Loans Repurchase Agreements
Repurchase Agreements
Jun. 30, 2014
Real Estate Owned(G)
Repurchase Agreements
Jun. 30, 2014
Real Estate Owned(G)
Credit Suisse
Jun. 30, 2014
Real Estate Owned(G)
Royal Bank of Scotland
Jun. 30, 2014
Real Estate Owned(G)
Nomura
Jun. 30, 2014
Secured Corporate Loan
Lower Range
Jun. 30, 2014
Secured Corporate Loan
Upper Range
Jun. 30, 2014
Residential Mortgage Loans(E)
Jun. 30, 2014
Residential Mortgage Loans(E)
Notes Payable, Other Payables
Jun. 30, 2014
Residential Mortgage Loans(E)
Repurchase Agreements
Jun. 30, 2014
Residential Mortgage Loans(E)
Royal Bank of Scotland
Jun. 30, 2014
Residential Mortgage Loans(E)
Citibank
Jun. 30, 2014
Residential Mortgage Loans(E)
Nomura
Jun. 30, 2014
Residential Mortgage Loans
Jan. 08, 2014
Master Credit Suisse Repurchase Agreement
Jun. 30, 2014
Servicer Advance Notes
Jun. 30, 2014
Servicer Advance Notes
Notes Payable, Other Payables
Jun. 30, 2014
Repurchase Agreement Maturing January 14, 2015
Jan. 15, 2014
Repurchase Agreement Maturing January 14, 2015
Jun. 30, 2014
London Interbank Offered Rate (LIBOR)
Master Credit Suisse Repurchase Agreement
Jan. 08, 2014
London Interbank Offered Rate (LIBOR)
Master Credit Suisse Repurchase Agreement
Jan. 15, 2014
London Interbank Offered Rate (LIBOR)
Repurchase Agreement Maturing January 14, 2015
May 15, 2014
Merrill Lynch, Pierce Fenner & Smith [Member]
Non-agency RMBS Repurchase Agreements
May 02, 2014
Morgan Stanley
Servicer Advances
May 15, 2014
Citibank
Residential Mortgage Loans(E)
May 15, 2014
Citibank
London Interbank Offered Rate (LIBOR)
Residential Mortgage Loans(E)
May 30, 2014
Nomura
Repurchase Agreements
May 30, 2014
Nomura
Repurchase Agreements
May 28, 2014
Nomura
Repurchase Agreements
Jun. 24, 2014
Nomura
Residential Mortgage Loans(E)
Jun. 24, 2014
Nomura
Residential Mortgage Loans(E)
Jun. 30, 2014
Credit Suisse
Jun. 30, 2014
Linked transactions [Member]
Residential Mortgage Loans
Jun. 30, 2014
TBA Short Positions
Debt Instrument [Line Items]                                                                                                                            
Interest payable $ 2,185,000   $ 4,010,000                   $ 100,000                                                                                                  
Repurchase agreements                               145,100,000 218,500,000 296,500,000 522,200,000   21,600,000 50,700,000 33,900,000 1,900,000 27,600,000 13,500,000         2,500,000 7,000,000 1,300,000           6,400,000 17,100,000 324,500,000                                          
Outstanding Face Amount 5,104,627,000       1,100,000,000 1,000,000,000               1,815,182,000 [1] 1,182,244,000 [2]         149,110,000 [3]                 125,000,000 [4] 10,795,000 [5]             23,915,000 [6] 348,033,000 [7]         150,000,000   3,265,530,000 [8]   25,300,000       415,000,000 617,500,000 48,400,000     21,600,000 478,700,000   85,300,000      
Proceeds from sale of Non-Agency RMBS 1,273,190,000 4,421,000         598,500,000                                                                                                              
Carrying Value 5,104,627,000                         1,815,182,000 [1] 1,182,244,000 [2]         149,110,000 [3]             48,600,000   125,000,000 [4] 10,795,000 [5]             23,915,000 [6] 348,033,000       82,151,000 [9]   3,265,530,000 [10] 3,265,530,000 [8]                               65,100,000 [9]  
Variable Interest Rate Spread                     1.375% 2.50%                             1.75% 2.00%           1.30% 2.50% 3.25%                       2.00% 4.00% 3.00%       2.75% 2.75%     2.75%        
Debt Instrument, Debt Covenant, Default Provision, Equity, Percentage Decline With No Tangible Net Equity Provision                                                                                           50.00%                                
Debt Instrument, Debt Covenant, Default Provision, Equity, Percentage Decline With Tangible Net Equity Provision                                                                                           35.00%                                
Debt Instrument, Debt Covenant, Default Provision, Tangible Net Equity Provision                                                                                           4                                
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure       1,800,000,000                                                                                                                    
Face amount of fixed rate debt                                                                                         1,100,000,000                                  
Face amount of securities purchased               625,000,000 1,400,000,000                                                                                                          
Derivative Asset, Notional Amount                                                                                                                           10,000,000
Interest rate           2.00%                                                                                           2.10%                    
Purchase of Non-Agency RMBS 1,057,464,000 124,176,000           553,000,000 882,000,000                                                                                                          
Percentage of mezzanine and subordinate tranche purchased               75.00%                                                                                                            
Mortgage loans pledged               900,000,000                                                                                                            
Unused borrowing capacity fee                                                                                       0.50%                                    
Payments of secured corporate loan                                                                                                                       69,100,000    
Borrowing capacity                                                                                   600,000,000 [9]   5,661,700,000 [10]                                 300,000,000 [9]  
Gain (Loss) on Sale of Investments             39,700,000                                                                                                              
Amortized cost basis of securities sold                   $ 558,800,000                                                                                                        
[1] These repurchase agreements had approximately $0.1 million of associated accrued interest payable as of June 30, 2014.
[2] The counterparties of these repurchase agreements are Mizuho ($145.1 million), Morgan Stanley ($218.5 million), Daiwa ($296.5 million) and Jefferies ($522.2 million) and were subject to customary margin call provisions.
[3] The counterparties of these repurchase agreements are Barclays ($21.6 million), Credit Suisse ($50.7 million), Royal Bank of Scotland ($33.9 million), Bank of America ($1.9 million), Goldman Sachs ($27.6 million) and UBS ($13.5 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates. Includes $48.6 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 2.0%.
[5] The counterparties of these repurchase agreements are Royal Bank of Scotland ($7.0 million), Credit Suisse ($2.5 million) and Nomura ($1.3 million). All of these repurchase agreements have LIBOR-based floating interest rates.
[6] The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 3.25%.
[7] The counterparties on these repurchase agreements are Nomura ($324.5 million), Citibank ($17.1 million) and Royal Bank of Scotland ($6.4 million). All of these repurchase agreements have LIBOR-based floating interest rates.
[8] $1.1 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.3% to 2.5%.
[9] Includes $300.0 million of borrowing capacity and $65.1 million of balance outstanding related to linked transactions (Note 10).
[10] 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.