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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Segment Reporting Information [Line Items]          
Interest income $ 97,587 $ 21,885 $ 261,733 $ 61,075  
Interest expense 33,307 3,443 108,816 6,993  
Net Interest Income 64,280 18,442 152,917 54,082  
Impairment 1,134 0 2,534 3,756  
Other income 122,064 56,195 335,003 157,204  
Operating expenses 25,311 11,492 64,732 22,088  
Income (Loss) Before Income Taxes 159,899 63,145 420,654 185,442  
Income tax expense 7,801 0 29,483 0  
Net income (loss) 152,098 63,145 391,171 185,442  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 25,726 0 92,524 0  
Net income (loss) attributable to common stockholders 126,372 63,145 298,647 185,442  
Investments 7,431,435   7,431,435    
Cash and cash equivalents 187,601   187,601    
Restricted cash 29,962   29,962   33,338
Derivative assets 28,686   28,686   35,926
Other assets 11,740   11,740   689
Total assets 7,773,401   7,773,401   5,958,658
Debt 5,585,600   5,585,600   4,109,329
Other liabilities 331,940   331,940    
Total liabilities 5,917,540   5,917,540   4,445,583
Total equity 1,855,861   1,855,861   1,513,075
Noncontrolling interests in equity of consolidated subsidiaries 280,445   280,445   247,225
Total New Residential stockholders’ equity 1,575,416   1,575,416   1,265,850
Investments in equity method investees 606,577   606,577    
Excess MSRs
         
Segment Reporting Information [Line Items]          
Interest income 12,914 9,761 37,703 30,541  
Interest expense 3 0 1,294 0  
Net Interest Income 12,911 9,761 36,409 30,541  
Impairment 0 0 0 0  
Other income 60,722 20,853 91,943 85,640  
Operating expenses 103 82 488 178  
Income (Loss) Before Income Taxes 73,530 30,532 127,864 116,003  
Income tax expense 0 0 0 0  
Net income (loss) 73,530 30,532 127,864 116,003  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 73,530 30,532 127,864 116,003  
Investments 751,774   751,774    
Cash and cash equivalents 0   0    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 1,122   1,122    
Total assets 752,896   752,896    
Debt 0   0    
Other liabilities 1,715   1,715    
Total liabilities 1,715   1,715    
Total equity 751,181   751,181    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 751,181   751,181    
Investments in equity method investees 342,538   342,538    
Servicer Advances
         
Segment Reporting Information [Line Items]          
Interest income 50,967 0 153,790 0  
Interest expense 25,157 0 86,885 0  
Net Interest Income 25,810 0 66,905 0  
Impairment 0 0 0 0  
Other income 22,948 0 105,657 0  
Operating expenses 4,796 0 5,815 0  
Income (Loss) Before Income Taxes 43,962 0 166,747 0  
Income tax expense 7,403 0 29,085 0  
Net income (loss) 36,559 0 137,662 0  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 25,726 0 92,524 0  
Net income (loss) attributable to common stockholders 10,833 0 45,138 0  
Investments 3,214,113   3,214,113    
Cash and cash equivalents 88,770   88,770    
Restricted cash 29,962   29,962    
Derivative assets 0   0    
Other assets 7,768   7,768    
Total assets 3,340,613   3,340,613    
Debt 2,824,007   2,824,007    
Other liabilities 27,557   27,557    
Total liabilities 2,851,564   2,851,564    
Total equity 489,049   489,049    
Noncontrolling interests in equity of consolidated subsidiaries 280,445   280,445    
Total New Residential stockholders’ equity 208,604   208,604    
Investments in equity method investees 0   0    
Real Estate Securities
         
Segment Reporting Information [Line Items]          
Interest income 11,179 11,437 41,939 28,625  
Interest expense 1,932 3,443 9,513 6,993  
Net Interest Income 9,247 7,994 32,426 21,632  
Impairment 0 0 943 3,756  
Other income 955 11,213 59,410 11,271  
Operating expenses 169 10 800 32  
Income (Loss) Before Income Taxes 10,033 19,197 90,093 29,115  
Income tax expense 0 0 0 0  
Net income (loss) 10,033 19,197 90,093 29,115  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 10,033 19,197 90,093 29,115  
Investments 2,079,712   2,079,712    
Cash and cash equivalents 13,273   13,273    
Restricted cash 0   0    
Derivative assets 1,115   1,115    
Other assets 22,879   22,879    
Total assets 2,116,979   2,116,979    
Debt 1,725,737   1,725,737    
Other liabilities 214,018   214,018    
Total liabilities 1,939,755   1,939,755    
Total equity 177,224   177,224    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 177,224   177,224    
Investments in equity method investees 0   0    
Real Estate Loans
         
Segment Reporting Information [Line Items]          
Interest income 22,526 683 28,300 1,867  
Interest expense 5,065 0 6,454 0  
Net Interest Income 17,461 683 21,846 1,867  
Impairment 1,134 0 1,591 0  
Other income 14,950 0 17,808 0  
Operating expenses 3,163 94 4,140 224  
Income (Loss) Before Income Taxes 28,114 589 33,923 1,643  
Income tax expense 306 0 306 0  
Net income (loss) 27,808 589 33,617 1,643  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 27,808 589 33,617 1,643  
Investments 1,121,797   1,121,797    
Cash and cash equivalents 2,889   2,889    
Restricted cash 0   0    
Derivative assets 27,571   27,571    
Other assets 62,695   62,695    
Total assets 1,214,952   1,214,952    
Debt 910,856   910,856    
Other liabilities 4,973   4,973    
Total liabilities 915,829   915,829    
Total equity 299,123   299,123    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 299,123   299,123    
Investments in equity method investees 0   0    
Consumer Loans
         
Segment Reporting Information [Line Items]          
Interest income 0 0 0 0  
Interest expense 1,149 0 4,170 0  
Net Interest Income (1,149) 0 (4,170) 0  
Impairment 0 0 0 0  
Other income 22,490 24,129 60,185 60,293  
Operating expenses 632 1 745 1,952  
Income (Loss) Before Income Taxes 20,709 24,128 55,270 58,341  
Income tax expense 92 0 92 0  
Net income (loss) 20,617 24,128 55,178 58,341  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 20,617 24,128 55,178 58,341  
Investments 264,039   264,039    
Cash and cash equivalents 9,766   9,766    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 609   609    
Total assets 274,414   274,414    
Debt 125,000   125,000    
Other liabilities 1,132   1,132    
Total liabilities 126,132   126,132    
Total equity 148,282   148,282    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 148,282   148,282    
Investments in equity method investees 264,039   264,039    
Corporate
         
Segment Reporting Information [Line Items]          
Interest income 1 4 1 42  
Interest expense 1 0 500 0  
Net Interest Income 0 4 (499) 42  
Impairment 0 0 0 0  
Other income (1) 0 0 0  
Operating expenses 16,448 11,305 52,744 19,702  
Income (Loss) Before Income Taxes (16,449) (11,301) (53,243) (19,660)  
Income tax expense 0 0 0 0  
Net income (loss) (16,449) (11,301) (53,243) (19,660)  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders (16,449) (11,301) (53,243) (19,660)  
Investments 0   0    
Cash and cash equivalents 72,903   72,903    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 644   644    
Total assets 73,547   73,547    
Debt 0   0    
Other liabilities 82,545   82,545    
Total liabilities 82,545   82,545    
Total equity (8,998)   (8,998)    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity (8,998)   (8,998)    
Investments in equity method investees 0   0    
Net Assets, Segment [Member]
         
Segment Reporting Information [Line Items]          
Other assets $ 95,717   $ 95,717