Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

v2.4.0.8
DEBT OBLIGATIONS (Details Narrative) (USD $)
9 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 3 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 1 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Sep. 30, 2014
Repurchase Agreements
Sep. 30, 2014
NRART Master Trust
Prepaid Variable Funding Notes
Sep. 30, 2014
NRART Master Trust
Prepaid Term Notes
May 30, 2014
Non-Agency RMBS
Mar. 06, 2014
Non-Agency RMBS
Mar. 31, 2014
Non-Agency RMBS
Sep. 30, 2014
Non-Agency RMBS
May 30, 2014
Agency RMBS
Sep. 30, 2014
Agency RMBS
May 30, 2014
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
Feb. 28, 2014
Bank of America
Line of Credit [Member]
Jul. 18, 2014
Bank of America
Notes Payable to Banks [Member]
Jul. 25, 2014
Credit Suisse
Notes Payable to Banks [Member]
Jul. 18, 2014
J.P. Morgan Bank
Notes Payable to Banks [Member]
Sep. 30, 2014
Total Repurchase Agreements
Sep. 30, 2014
Total Repurchase Agreements
Repurchase Agreements
Dec. 31, 2013
Total Repurchase Agreements
Repurchase Agreements
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Repurchase Agreements
Dec. 31, 2013
Agency RMBS Repurchase Agreements
Repurchase Agreements
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Mizuho
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Morgan Stanley
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Daiwa
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Jefferies
Sep. 30, 2014
Agency RMBS Repurchase Agreements
Barclays
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Repurchase Agreements
Dec. 31, 2013
Non-agency RMBS Repurchase Agreements
Repurchase Agreements
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Barclays
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Credit Suisse
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Royal Bank of Scotland
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Royal Bank of Canada
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Bank of America
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
Goldman Sachs
Sep. 30, 2014
Non-agency RMBS Repurchase Agreements
UBS
Sep. 30, 2014
Consumer Loans Repurchase Agreements
Sep. 30, 2014
Consumer Loans Repurchase Agreements
Repurchase Agreements
Dec. 31, 2013
Consumer Loans Repurchase Agreements
Repurchase Agreements
Sep. 30, 2014
Real Estate Owned(G)
Repurchase Agreements
Dec. 31, 2013
Real Estate Owned(G)
Repurchase Agreements
Sep. 30, 2014
Real Estate Owned(G)
Credit Suisse
Sep. 30, 2014
Real Estate Owned(G)
Royal Bank of Scotland
Sep. 30, 2014
Real Estate Owned(G)
Nomura
Sep. 30, 2014
Real Estate Owned(G)
Bank of America, N.A. [Member]
Dec. 31, 2013
Secured Corporate Loan
Notes Payable, Other Payables
Sep. 30, 2014
Secured Corporate Loan
Lower Range
Sep. 30, 2014
Secured Corporate Loan
Upper Range
Sep. 30, 2014
Residential Mortgage Loans(E)
Sep. 30, 2014
Residential Mortgage Loans(E)
Notes Payable, Other Payables
Dec. 31, 2013
Residential Mortgage Loans(E)
Notes Payable, Other Payables
Sep. 30, 2014
Residential Mortgage Loans(E)
Repurchase Agreements
Dec. 31, 2013
Residential Mortgage Loans(E)
Repurchase Agreements
Sep. 30, 2014
Residential Mortgage Loans(E)
Royal Bank of Scotland
Sep. 30, 2014
Residential Mortgage Loans(E)
Citibank
Sep. 30, 2014
Residential Mortgage Loans(E)
Nomura
Sep. 30, 2014
Residential Mortgage Loans(E)
Bank of America, N.A. [Member]
Sep. 30, 2014
Residential Mortgage Loans
Jan. 08, 2014
Master Credit Suisse Repurchase Agreement
Sep. 30, 2014
Servicer Advance Notes
Sep. 30, 2014
Servicer Advance Notes
Notes Payable, Other Payables
Dec. 31, 2013
Servicer Advance Notes
Notes Payable, Other Payables
Jan. 15, 2014
Repurchase Agreement Maturing January 14, 2015
Oct. 20, 2014
London Interbank Offered Rate (LIBOR)
Feb. 28, 2014
London Interbank Offered Rate (LIBOR)
Bank of America
Line of Credit [Member]
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
Aug. 12, 2014
Bank of America
London Interbank Offered Rate (LIBOR)
Repurchase Agreements
Sep. 08, 2014
Bank of America
London Interbank Offered Rate (LIBOR)
Repurchase Agreements
Aug. 25, 2014
Bank of America
London Interbank Offered Rate (LIBOR)
Repurchase Agreements
Aug. 12, 2014
Bank of America
London Interbank Offered Rate (LIBOR)
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 28, 2014
Nomura
Repurchase Agreements
Jun. 24, 2014
Nomura
Residential Mortgage Loans(E)
Jun. 24, 2014
Nomura
London Interbank Offered Rate (LIBOR)
Repurchase Agreements
May 30, 2014
Nomura
London Interbank Offered Rate (LIBOR)
Repurchase Agreements
Jun. 30, 2014
Credit Suisse
Sep. 30, 2014
Linked transactions [Member]
Residential Mortgage Loans
Sep. 30, 2014
TBA Short Positions
Debt Instrument [Line Items]                                                                                                                                                                          
Interest payable $ 246,000   $ 4,010,000                                 $ 1,000,000                                                                                                                                  
Repurchase agreements                                                 288,100,000 78,000,000 146,500,000 353,500,000 644,700,000     8,200,000 49,600,000 102,300,000 11,700,000 1,900,000 27,200,000 14,000,000           3,300,000 9,400,000 1,300,000 2,000,000                 6,900,000 16,100,000 317,600,000 531,000,000                                                    
Outstanding Face Amount 5,585,600,000       1,100,000,000 1,000,000,000                             2,738,349,000 [1]   1,510,765,000 [2]             214,972,000 [3]                   125,000,000 [4]   15,953,000 [5]                   23,244,000 [6]   871,659,000 [7]             150,000,000   2,824,007,000 [8]   25,300,000             6,700,000 467,300,000 66,800,000 617,500,000 48,400,000   21,600,000 478,700,000 85,300,000          
Long-term Debt 5,585,600,000                                                                                                                       125,000,000                                                
Proceeds from sale of Non-Agency RMBS 1,273,191,000 123,130,000         598,500,000                                                                                                                                                            
Carrying Value 5,585,600,000   4,109,329,000                               457,300,000   2,738,349,000 [1] 1,620,711,000 [1] 1,510,765,000 [2] 1,332,954,000 [2]           214,972,000 [3] 287,757,000 [3]                 125,000,000 [4] 0 [4] 15,953,000 [5] 0 [5]         75,000,000 [8]       23,244,000 [6] 22,840,000 [6] 871,659,000 0         933,511,000 [9]   2,824,007,000 [10] 2,824,007,000 [8] 2,390,778,000 [8]                                       49,200,000 [9]  
Variable Interest Rate Spread                           1.375% 2.50%                                               2.00%                   1.30% 2.40% 3.25%                             2.875% 2.50% 2.00% 4.00% 3.00% 2.25%           2.75%       2.75% 2.75%      
Line of Credit Facility, Maximum Borrowing Capacity                               1,000,000,000                                                                                                                                          
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       2,700,000,000                                                                                                                                                                  
Face amount of fixed rate debt                                                                                                                             1,300,000,000                                            
Face amount of securities purchased               625,000,000   1,500,000,000   1,300,000,000                                                                                                                                                  
Derivative Asset, Notional Amount                                                                                                                                                                         1,300,000,000
Line of Credit Facility, Advance Rate Percent                               90.00%                                                                                                                                          
Interest rate           2.00%                         2.45%                                                                                                               2.10%                    
Borrowings under notes payable 5,377,633,000 0                             26,700,000 12,100,000                                                                                                                                      
Purchase of Non-Agency RMBS 1,148,631,000 202,484,000           553,000,000   977,900,000   1,400,000,000                                                                                                                                                  
Percentage of mezzanine and subordinate tranche purchased               75.00%                                                                                                                                                          
Mortgage loans pledged               900,000,000                                                                                                                                                          
Proceeds from Sale of Finance Receivables                 415,000,000                                                                                                                                                        
Proceeds from Sale of Other Investments                     598,500,000                                                                                                                                                    
Unused borrowing capacity fee                                                                                                                           0.50%                                              
Payments of secured corporate loan                                                                                                                                                                     69,100,000    
Borrowing capacity                                                                                                                       1,503,992,000 [9]   4,305,200,000 [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 $1.0 million of associated accrued interest payable as of September 30, 2014.
[2] The counterparties of these repurchase agreements are Mizuho ($288.1 million), Morgan Stanley ($78.0 million), Barclays ($644.7 million), Daiwa ($146.5 million) and Jefferies ($353.5 million) and were subject to customary margin call provisions.
[3] The counterparties of these repurchase agreements are Barclays ($8.2 million), Credit Suisse ($49.6 million), Royal Bank of Scotland ($102.3 million), Royal Bank of Canada ($11.7 million), Bank of America ($1.9 million), Goldman Sachs ($27.2 million) and UBS ($14.0 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates.
[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 ($9.4 million), Credit Suisse ($3.3 million), Bank of America, N.A. ($2.0 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 Bank of America N.A. ($531.0 million), Nomura ($317.6 million), Citibank ($16.1 million) and Royal Bank of Scotland ($6.9 million). All of these repurchase agreements have LIBOR-based floating interest rates.
[8] $1.3 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 2.4%.
[9] Includes $300.0 million of borrowing capacity and $49.2 million of balance outstanding related to one of New Residential's 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.