Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Details)

v3.10.0.1
SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]            
Interest income $ 425,524 $ 397,722 $ 1,212,902 $ 1,162,212    
Interest expense 162,806 125,278 421,109 338,664    
Net interest income (expense) 262,718 272,444 791,793 823,548    
Impairment 9,360 28,209 51,326 74,117    
Servicing revenue, net 175,355 58,014 538,784 269,467    
Gain on sale of originated mortgage loans, net 45,732 0 45,732 0    
Other income (loss) (83,298) 87,145 84,414 141,298    
Operating expenses 192,107 117,060 419,677 324,861    
Income (Loss) Before Income Taxes 199,040 272,334 989,720 835,335    
Income tax expense (benefit) 3,563 32,613 (5,957) 121,053    
Net Income (Loss) 195,477 239,721 995,677 714,282    
Noncontrolling interests in income (loss) of consolidated subsidiaries 10,869 13,600 32,058 45,051    
Net income (loss) attributable to common stockholders 184,608 226,121 963,619 669,231    
Investments 22,333,655   22,333,655      
Cash and cash equivalents 330,148   330,148      
Restricted cash 155,749   155,749   $ 150,252  
Other assets 7,222,296   7,222,296      
Goodwill 48,921   48,921   0  
Total assets 30,090,769   30,090,769   22,213,562  
Debt 21,641,966   21,641,966   15,746,530  
Other liabilities 2,611,755   2,611,755      
Total liabilities 24,253,721   24,253,721   17,417,400  
Total equity 5,837,048 4,679,204 5,837,048 4,679,204 4,796,162 $ 3,468,177
Noncontrolling interests in equity of consolidated subsidiaries 93,728   93,728   105,957  
Total New Residential stockholders’ equity 5,743,320   5,743,320   $ 4,690,205  
Investments in equity method investees 199,726   199,726      
Servicing and Originations            
Segment Reporting Information [Line Items]            
Interest income 193,424 188,194 579,824 561,312    
Interest expense 62,994 61,418 173,759 176,678    
Net interest income (expense) 130,430 126,776 406,065 384,634    
Impairment 0 0 0 0    
Servicing revenue, net 175,355 58,014 538,784 269,467    
Gain on sale of originated mortgage loans, net 45,732 0 45,732 0    
Other income (loss) (92,243) 76,745 48,128 126,114    
Operating expenses 132,542 54,998 235,417 135,666    
Income (Loss) Before Income Taxes 126,732 206,537 803,292 644,549    
Income tax expense (benefit) 495 42,253 (6,458) 128,047    
Net Income (Loss) 126,237 164,284 809,750 516,502    
Noncontrolling interests in income (loss) of consolidated subsidiaries 1,086 1,224 3,525 10,372    
Net income (loss) attributable to common stockholders 125,151 163,060 806,225 506,130    
Investments 6,722,697   6,722,697      
Cash and cash equivalents 260,353   260,353      
Restricted cash 119,243   119,243      
Other assets 3,411,968   3,411,968      
Goodwill 48,921   48,921      
Total assets 10,563,182   10,563,182      
Debt 6,824,326   6,824,326      
Other liabilities 476,430   476,430      
Total liabilities 7,300,756   7,300,756      
Total equity 3,262,426   3,262,426      
Noncontrolling interests in equity of consolidated subsidiaries 62,480   62,480      
Total New Residential stockholders’ equity 3,199,946   3,199,946      
Investments in equity method investees 154,939   154,939      
Real Estate Securities            
Segment Reporting Information [Line Items]            
Interest income 138,197 114,181 354,922 321,464    
Interest expense 67,117 35,211 157,195 85,663    
Net interest income (expense) 71,080 78,970 197,727 235,801    
Impairment 3,889 1,509 23,190 8,736    
Servicing revenue, net 0 0 0 0    
Gain on sale of originated mortgage loans, net 0 0 0 0    
Other income (loss) 17,994 (6,035) 45,346 (27,005)    
Operating expenses 63 351 1,003 979    
Income (Loss) Before Income Taxes 85,122 71,075 218,880 199,081    
Income tax expense (benefit) 0 0 0 0    
Net Income (Loss) 85,122 71,075 218,880 199,081    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0    
Net income (loss) attributable to common stockholders 85,122 71,075 218,880 199,081    
Investments 11,650,257   11,650,257      
Cash and cash equivalents 2,841   2,841      
Restricted cash 0   0      
Other assets 3,631,769   3,631,769      
Goodwill 0   0      
Total assets 15,284,867   15,284,867      
Debt 11,423,562   11,423,562      
Other liabilities 1,839,578   1,839,578      
Total liabilities 13,263,140   13,263,140      
Total equity 2,021,727   2,021,727      
Noncontrolling interests in equity of consolidated subsidiaries 0   0      
Total New Residential stockholders’ equity 2,021,727   2,021,727      
Investments in equity method investees 0   0      
Residential Mortgage Loans            
Segment Reporting Information [Line Items]            
Interest income 42,942 31,645 118,019 75,276    
Interest expense 22,374 15,487 57,299 34,655    
Net interest income (expense) 20,568 16,158 60,720 40,621    
Impairment (4,436) 14,099 (8,683) 17,342    
Servicing revenue, net 0 0 0 0    
Gain on sale of originated mortgage loans, net 0 0 0 0    
Other income (loss) (12,729) 2,653 (27,219) 22,491    
Operating expenses 6,436 9,759 25,658 24,018    
Income (Loss) Before Income Taxes 5,839 (5,047) 16,526 21,752    
Income tax expense (benefit) 3,100 (9,640) 289 (7,164)    
Net Income (Loss) 2,739 4,593 16,237 28,916    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0    
Net income (loss) attributable to common stockholders 2,739 4,593 16,237 28,916    
Investments 2,775,145   2,775,145      
Cash and cash equivalents 3,764   3,764      
Restricted cash 0   0      
Other assets 48,846   48,846      
Goodwill 0   0      
Total assets 2,827,755   2,827,755      
Debt 2,291,314   2,291,314      
Other liabilities 33,977   33,977      
Total liabilities 2,325,291   2,325,291      
Total equity 502,464   502,464      
Noncontrolling interests in equity of consolidated subsidiaries 0   0      
Total New Residential stockholders’ equity 502,464   502,464      
Investments in equity method investees 0   0      
Consumer Loans            
Segment Reporting Information [Line Items]            
Interest income 50,961 63,527 158,631 203,631    
Interest expense 10,321 13,162 32,856 41,668    
Net interest income (expense) 40,640 50,365 125,775 161,963    
Impairment 9,907 12,601 36,819 48,039    
Servicing revenue, net 0 0 0 0    
Gain on sale of originated mortgage loans, net 0 0 0 0    
Other income (loss) 3,795 6,796 13,363 12,712    
Operating expenses 8,467 10,764 26,743 33,746    
Income (Loss) Before Income Taxes 26,061 33,796 75,576 92,890    
Income tax expense (benefit) (32) 0 212 170    
Net Income (Loss) 26,093 33,796 75,364 92,720    
Noncontrolling interests in income (loss) of consolidated subsidiaries 9,783 12,376 28,533 34,679    
Net income (loss) attributable to common stockholders 16,310 21,420 46,831 58,041    
Investments 1,185,556   1,185,556      
Cash and cash equivalents 22,050   22,050      
Restricted cash 36,506   36,506      
Other assets 42,855   42,855      
Goodwill 0   0      
Total assets 1,286,967   1,286,967      
Debt 1,102,764   1,102,764      
Other liabilities 10,662   10,662      
Total liabilities 1,113,426   1,113,426      
Total equity 173,541   173,541      
Noncontrolling interests in equity of consolidated subsidiaries 31,248   31,248      
Total New Residential stockholders’ equity 142,293   142,293      
Investments in equity method investees 44,787   44,787      
Corporate            
Segment Reporting Information [Line Items]            
Interest income 0 175 1,506 529    
Interest expense 0 0 0 0    
Net interest income (expense) 0 175 1,506 529    
Impairment 0 0 0 0    
Servicing revenue, net 0 0 0 0    
Gain on sale of originated mortgage loans, net 0 0 0 0    
Other income (loss) (115) 6,986 4,796 6,986    
Operating expenses 44,599 41,188 130,856 130,452    
Income (Loss) Before Income Taxes (44,714) (34,027) (124,554) (122,937)    
Income tax expense (benefit) 0 0 0 0    
Net Income (Loss) (44,714) (34,027) (124,554) (122,937)    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0    
Net income (loss) attributable to common stockholders (44,714) $ (34,027) (124,554) $ (122,937)    
Investments 0   0      
Cash and cash equivalents 41,140   41,140      
Restricted cash 0   0      
Other assets 86,858   86,858      
Goodwill 0   0      
Total assets 127,998   127,998      
Debt 0   0      
Other liabilities 251,108   251,108      
Total liabilities 251,108   251,108      
Total equity (123,110)   (123,110)      
Noncontrolling interests in equity of consolidated subsidiaries 0   0      
Total New Residential stockholders’ equity (123,110)   (123,110)      
Investments in equity method investees $ 0   $ 0