Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Summary of Segment Financial Data (Details)

v3.5.0.2
SEGMENT REPORTING - Summary of Segment Financial Data (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]          
Interest income $ 282,388 $ 182,341 $ 749,901 $ 444,891  
Interest expense 96,488 77,558 278,401 193,408  
Net interest income (expense) 185,900 104,783 471,500 251,483  
Impairment 20,040 (1,767) 49,683 5,702  
Other income (loss) 26,701 (17,825) 38,900 32,120  
Operating expenses 40,575 32,902 101,871 90,124  
Income (Loss) Before Income Taxes 151,986 55,823 358,846 187,777  
Income tax expense (benefit) 20,900 (5,932) 18,195 4,947  
Net Income (Loss) 131,086 61,755 340,651 182,830  
Noncontrolling interests in income (loss) of consolidated subsidiaries 32,178 7,193 61,355 17,174  
Net Income Attributable to Common Stockholders 98,908 54,562 279,296 165,656  
Investments 15,222,486   15,222,486    
Cash and cash equivalents 388,674   388,674    
Restricted cash 153,127   153,127   $ 94,702
Other assets 1,940,095   1,940,095    
Total assets 17,704,382   17,704,382   15,192,722
Debt [1] 12,763,153   12,763,153   11,292,622
Other liabilities 1,523,718   1,523,718    
Total liabilities 14,286,871   14,286,871   12,206,142
Total equity 3,417,511   3,417,511   2,986,580
Noncontrolling interests in equity of consolidated subsidiaries 289,161   289,161   190,647
Total New Residential stockholders’ equity 3,128,350   3,128,350   $ 2,795,933
Investments in equity method investees 195,904   195,904    
Excess MSRs [Member]          
Segment Reporting Information [Line Items]          
Interest income 30,617 38,477 106,848 87,874  
Interest expense 4,002 2,936 12,117 8,681  
Net interest income (expense) 26,615 35,541 94,731 79,193  
Impairment 0 0 0 0  
Other income (loss) (10,052) 10,227 (14,234) 18,415  
Operating expenses 536 168 1,066 517  
Income (Loss) Before Income Taxes 16,027 45,600 79,431 97,091  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) 16,027 45,600 79,431 97,091  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income Attributable to Common Stockholders 16,027 45,600 79,431 97,091  
Investments 1,599,956   1,599,956    
Cash and cash equivalents 5,377   5,377    
Restricted cash 2,406   2,406    
Other assets 2,557   2,557    
Total assets 1,610,296   1,610,296    
Debt 268,290   268,290    
Other liabilities 1,962   1,962    
Total liabilities 270,252   270,252    
Total equity 1,340,044   1,340,044    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 1,340,044   1,340,044    
Investments in equity method investees 195,904   195,904    
Servicer Advances [Member]          
Segment Reporting Information [Line Items]          
Interest income 101,359 105,135 265,119 256,087  
Interest expense 54,802 64,291 176,672 151,377  
Net interest income (expense) 46,557 40,844 88,447 104,710  
Impairment 0 0 0 0  
Other income (loss) 21,430 (12,554) 9,103 835  
Operating expenses 1,029 10,341 3,076 12,604  
Income (Loss) Before Income Taxes 66,958 17,949 94,474 92,941  
Income tax expense (benefit) 16,348 (4,852) 13,743 7,565  
Net Income (Loss) 50,610 22,801 80,731 85,376  
Noncontrolling interests in income (loss) of consolidated subsidiaries 18,853 7,193 33,400 22,332  
Net Income Attributable to Common Stockholders 31,757 15,608 47,331 63,044  
Investments 6,294,697   6,294,697    
Cash and cash equivalents 134,000   134,000    
Restricted cash 90,899   90,899    
Other assets 181,521   181,521    
Total assets 6,701,117   6,701,117    
Debt 6,210,358   6,210,358    
Other liabilities 28,616   28,616    
Total liabilities 6,238,974   6,238,974    
Total equity 462,143   462,143    
Noncontrolling interests in equity of consolidated subsidiaries 182,094   182,094    
Total New Residential stockholders’ equity 280,049   280,049    
Investments in equity method investees 0   0    
Real Estate Securities [Member]          
Segment Reporting Information [Line Items]          
Interest income 58,855 28,984 172,982 66,699  
Interest expense 13,008 5,150 31,425 12,171  
Net interest income (expense) 45,847 23,834 141,557 54,528  
Impairment 1,765 1,574 7,838 3,294  
Other income (loss) 1,392 (28,354) (59,472) (37,655)  
Operating expenses 369 766 1,307 769  
Income (Loss) Before Income Taxes 45,105 (6,860) 72,940 12,810  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) 45,105 (6,860) 72,940 12,810  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income Attributable to Common Stockholders 45,105 (6,860) 72,940 12,810  
Investments 4,739,914   4,739,914    
Cash and cash equivalents 1,305   1,305    
Restricted cash 0   0    
Other assets 1,578,722   1,578,722    
Total assets 6,319,941   6,319,941    
Debt 3,924,111   3,924,111    
Other liabilities 1,326,013   1,326,013    
Total liabilities 5,250,124   5,250,124    
Total equity 1,069,817   1,069,817    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 1,069,817   1,069,817    
Investments in equity method investees 0   0    
Real Estate Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 13,947 8,888 47,712 32,408  
Interest expense 6,153 4,651 20,447 15,929  
Net interest income (expense) 7,794 4,237 27,265 16,479  
Impairment (291) (3,341) 7,309 2,408  
Other income (loss) 13,931 (1,530) 22,295 20,063  
Operating expenses 4,251 2,845 11,194 14,557  
Income (Loss) Before Income Taxes 17,765 3,203 31,057 19,577  
Income tax expense (benefit) 4,556 (1,405) 4,377 (2,942)  
Net Income (Loss) 13,209 4,608 26,680 22,519  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net Income Attributable to Common Stockholders 13,209 4,608 26,680 22,519  
Investments 765,940   765,940    
Cash and cash equivalents 3,736   3,736    
Restricted cash 0   0    
Other assets 108,359   108,359    
Total assets 878,035   878,035    
Debt 653,197   653,197    
Other liabilities 20,608   20,608    
Total liabilities 673,805   673,805    
Total equity 204,230   204,230    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 204,230   204,230    
Investments in equity method investees 0   0    
Consumer Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 77,231 0 155,541 1  
Interest expense 18,523 530 37,740 1,054  
Net interest income (expense) 58,708 (530) 117,801 (1,053)  
Impairment 18,566 0 34,536 0  
Other income (loss) 0 14,386 81,193 33,342  
Operating expenses 11,976 66 26,194 177  
Income (Loss) Before Income Taxes 28,166 13,790 138,264 32,112  
Income tax expense (benefit) 0 325 75 324  
Net Income (Loss) 28,166 13,465 138,189 31,788  
Noncontrolling interests in income (loss) of consolidated subsidiaries 13,325 0 27,955 0  
Net Income Attributable to Common Stockholders 14,841 13,465 110,234 31,788  
Investments 1,821,979   1,821,979    
Cash and cash equivalents 15,022   15,022    
Restricted cash 59,822   59,822    
Other assets 48,533   48,533    
Total assets 1,945,356   1,945,356    
Debt 1,707,197   1,707,197    
Other liabilities 5,519   5,519    
Total liabilities 1,712,716   1,712,716    
Total equity 232,640   232,640    
Noncontrolling interests in equity of consolidated subsidiaries 107,067   107,067    
Total New Residential stockholders’ equity 125,573   125,573    
Investments in equity method investees 0   0    
Corporate [Member]          
Segment Reporting Information [Line Items]          
Interest income 379 857 1,699 1,822  
Interest expense 0 0 0 4,196  
Net interest income (expense) 379 857 1,699 (2,374)  
Impairment 0 0 0 0  
Other income (loss) 0 0 15 (2,880)  
Operating expenses 22,414 18,716 59,034 61,500  
Income (Loss) Before Income Taxes (22,035) (17,859) (57,320) (66,754)  
Income tax expense (benefit) (4) 0 0 0  
Net Income (Loss) (22,031) (17,859) (57,320) (66,754)  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 (5,158)  
Net Income Attributable to Common Stockholders (22,031) $ (17,859) (57,320) $ (61,596)  
Investments 0   0    
Cash and cash equivalents 229,234   229,234    
Restricted cash 0   0    
Other assets 20,403   20,403    
Total assets 249,637   249,637    
Debt 0   0    
Other liabilities 141,000   141,000    
Total liabilities 141,000   141,000    
Total equity 108,637   108,637    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 108,637   108,637    
Investments in equity method investees $ 0   $ 0    
[1] Net of deferred financing costs.