Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Changes in Accretable Yield (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Changes in Accretable Yield (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2016
USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]  
Beginning balance $ 71,063
Additions 0
Accretion (8,876)
Reclassifications from non-accretable difference 29,569 [1]
Disposals (2,680) [2]
Transfer of loans to held-for-sale (89,076) [3]
Ending balance $ 0
[1] Represents a probable and significant increase in cash flows previously expected to be uncollectible.
[2] Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount.
[3] Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.