Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details)

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INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investment [Line Items]    
Outstanding Servicer Advances [1] $ 799,936 $ 4,027,379
Servicer Advances Receivable    
Investment [Line Items]    
Principal and interest advances 816,290 172,467
Escrow advances (taxes and insurance advances) 2,095,423 482,884
Foreclosure advances 212,206 16,017
Outstanding Servicer Advances 3,123,919 671,368
Servicer advances receivable related to agency MSRs 189,900 167,900
Servicer advances receivable related to Ginnie Mae MSRS, recoverable from Ginnie Mae 10,000 0
Servicer advances, unamortized discount and accrual $ 93,200 $ 4,200
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6), Shellpoint Asset Funding Trust 2013-1 (“SAFT 2013-1”) and the Shelter retail mortgage origination joint ventures (“Shelter JVs”) (Note 8) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments, residential mortgage loans and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.