Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details)

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DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($)
9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Outstanding Face Amount $ 12,782,716,000  
Carrying Value [1] $ 12,763,153,000 $ 11,292,622,000
Weighted Average Funding Cost 3.02%  
Weighted Average Life (Years) 11 months 13 days  
Interest payable $ 17,965,000 18,268,000
Trade And Other Receivables [Member]    
Debt Instrument [Line Items]    
Collateral amount 1,500,000,000  
Servicer Advances [Member]    
Debt Instrument [Line Items]    
Carrying Value [2] 5,897,747,000 7,047,061,000
Consumer Loans [Member]    
Debt Instrument [Line Items]    
Carrying Value 1,707,197,000 40,446,000
Repurchase Agreements [Member] | Agency RMBS [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [3],[4] 1,614,256,000  
Carrying Value [1],[3],[4] $ 1,614,256,000 1,683,305,000
Weighted Average Funding Cost [3],[4] 0.70%  
Weighted Average Life (Years) [3],[4] 21 days  
Repurchase Agreements [Member] | Agency RMBS [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [3],[4] 5 months 18 days  
Outstanding Face of Collateral [3],[4] $ 1,591,692,000  
Amortized Cost Basis of Collateral [3],[4] 1,684,858,000  
Carrying Value of Collateral [3],[4] 1,680,197,000  
Repurchase Agreements [Member] | Non-Agency RMBS [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [4],[5] 2,622,466,000  
Carrying Value [1],[4],[5] $ 2,622,466,000 1,333,852,000
Weighted Average Funding Cost [4],[5] 2.24%  
Weighted Average Life (Years) [4],[5] 1 month 11 days  
Repurchase Agreements [Member] | Non-Agency RMBS [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [4],[5] 7 years 11 days  
Outstanding Face of Collateral [4],[5] $ 6,312,788,000  
Amortized Cost Basis of Collateral [4],[5] 3,396,357,000  
Carrying Value of Collateral [4],[5] 3,502,317,000  
Repurchase agreements 89,200,000  
Repurchase Agreements [Member] | Residential Mortgage [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [4],[6] 556,538,000  
Carrying Value [1],[4],[6] $ 554,991,000 907,993,000
Weighted Average Funding Cost [4],[6] 3.01%  
Weighted Average Life (Years) [4],[6] 5 months 30 days  
Repurchase Agreements [Member] | Residential Mortgage [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [4],[6] 2 years 11 months 21 days  
Outstanding Face of Collateral [4],[6] $ 882,312,000  
Amortized Cost Basis of Collateral [4],[6] 685,345,000  
Carrying Value of Collateral [4],[6] 682,916,000  
Repurchase Agreements [Member] | Real Estate Owned [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [4],[7],[8] 85,403,000  
Carrying Value [1],[4],[7],[8] $ 85,163,000 77,458,000
Weighted Average Funding Cost [4],[7],[8] 3.09%  
Weighted Average Life (Years) [4],[7],[8] 4 months 22 days  
Repurchase Agreements [Member] | Real Estate Owned [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Carrying Value of Collateral [4],[7],[8] $ 108,051,000  
Repurchase Agreements [Member] | Consumer Loan Investment [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [4],[9] 53,068,000  
Carrying Value [1],[4],[9] $ 53,068,000 40,446,000
Weighted Average Funding Cost [4],[9] 5.61%  
Weighted Average Life (Years) [4],[9] 25 days  
Repurchase Agreements [Member] | Consumer Loan Investment [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 5.00%  
Collateral percentage 56.00%  
Repurchase Agreements [Member] | Consumer Loan Investment [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [4],[9] 4 years 27 days  
Carrying Value of Collateral [4],[9] $ 123,184,000  
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [4] 4,931,731,000  
Carrying Value [1],[4] $ 4,929,944,000 4,043,054,000
Weighted Average Funding Cost [4] 1.87%  
Weighted Average Life (Years) [4] 1 month 22 days  
Interest payable $ 6,700,000  
Notes Payable [Member] | Residential Mortgage [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [10] 9,789,000  
Carrying Value [1],[10] $ 9,614,000 19,529,000
Weighted Average Funding Cost [10] 3.39%  
Weighted Average Life (Years) [10] 22 days  
Notes Payable [Member] | Residential Mortgage [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [10] 4 years 6 months  
Outstanding Face of Collateral [10] $ 14,243,000  
Amortized Cost Basis of Collateral [10] 8,086,000  
Carrying Value of Collateral [10] 8,086,000  
Notes Payable [Member] | Real Estate Owned [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [10] 3,429,000  
Carrying Value [1],[10] $ 3,429,000 0
Weighted Average Funding Cost [10] 3.39%  
Weighted Average Life (Years) [10] 22 days  
Notes Payable [Member] | Real Estate Owned [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 2.875%  
Notes Payable [Member] | Real Estate Owned [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Carrying Value of Collateral [10] $ 4,068,000  
Notes Payable [Member] | Secured Corporate Note [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [11] 270,511,000  
Carrying Value [1],[11] $ 268,290,000 182,978,000
Weighted Average Funding Cost [11] 5.28%  
Weighted Average Life (Years) [11] 1 year 9 months 4 days  
Notes Payable [Member] | Secured Corporate Note [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 4.75%  
Notes Payable [Member] | Secured Corporate Note [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [11] 5 years 10 months 19 days  
Outstanding Face of Collateral [11] $ 247,538,861,000  
Amortized Cost Basis of Collateral [11] 801,924,000  
Carrying Value of Collateral [11] 940,117,000  
Notes Payable [Member] | Servicer Advances [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [12] 5,907,803,000  
Carrying Value [1],[12] $ 5,897,747,000 7,047,061,000
Weighted Average Funding Cost [12] 3.52%  
Weighted Average Life (Years) [12] 1 year  
Face amount of debt at fixed rate $ 2,200,000,000  
Notes Payable [Member] | Servicer Advances [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 2.10%  
Notes Payable [Member] | Servicer Advances [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 2.2258%  
Notes Payable [Member] | Servicer Advances [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [12] 4 years 5 months 24 days  
Outstanding Face of Collateral [12] $ 6,017,968,000  
Amortized Cost Basis of Collateral [12] 6,012,315,000  
Carrying Value of Collateral [12] 6,043,369,000  
Notes Payable [Member] | Consumer Loans [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount [13],[14] 1,659,453,000  
Carrying Value [1],[13],[14] $ 1,654,129,000 0
Weighted Average Funding Cost [13],[14] 4.31%  
Weighted Average Life (Years) [13],[14] 3 years 24 days  
Notes Payable [Member] | Consumer Loans [Member] | Collateral [Member]    
Debt Instrument [Line Items]    
Weighted Average Life (Years) [13],[14] 3 years 11 months 24 days  
Outstanding Face of Collateral [13],[14] $ 1,822,593,000  
Amortized Cost Basis of Collateral [13],[14] 1,812,730,000  
Carrying Value of Collateral [13],[14] 1,811,115,000  
Notes Payable [Member] | Total Notes Payable [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount 7,850,985,000  
Carrying Value [1] $ 7,833,209,000 $ 7,249,568,000
Weighted Average Funding Cost 3.74%  
Weighted Average Life (Years) 1 year 5 months 16 days  
Secured Debt [Member]    
Debt Instrument [Line Items]    
Redemption rate 100.00%  
Secured Debt [Member] | UPB Class A Notes, 2.7%, Matures May 2023 [Member]    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 637,100,000  
Interest rate 2.70%  
Specified call premium percentage 1.00%  
Secured Debt [Member] | UPB Class B Notes, 4.61%, Matures October 2027 [Member]    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 427,000,000  
Interest rate 4.61%  
Specified call premium percentage 0.75%  
Secured Debt [Member] | UPB Class C Notes, 5.59%, Matures October 2033 [Member]    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 331,200,000  
Interest rate 5.59%  
Specified call premium percentage 1.00%  
Secured Debt [Member] | UPB Class D Notes, 6.82%, Matures April 2034 [Member]    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 199,800,000  
Interest rate 6.82%  
Specified call premium percentage 2.00%  
Secured Debt [Member] | 3.25% Consumer Loans [Member]    
Debt Instrument [Line Items]    
Outstanding Face Amount $ 64,341,946.6000000  
Secured Debt [Member] | 3.25% Consumer Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Debt Instrument [Line Items]    
Variable interest rate spread 3.25%  
[1] Net of deferred financing costs.
[2] New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances.
[3] All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.5 billion of related trade and other receivables.
[4] These repurchase agreements had approximately $6.7 million of associated accrued interest payable as of September 30, 2016.
[5] All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $89.2 million on retained servicer advance bonds.
[6] All of these repurchase agreements have LIBOR-based floating interest rates.
[7] All of these repurchase agreements have LIBOR-based floating interest rates.
[8] Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.
[9] The repurchase agreement bears interest equal to three-month LIBOR plus 5.00% and is collateralized by 56% of New Residential’s interest in the Consumer Loan Companies (Note 9).
[10] The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
[11] The loans bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.75%. The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure these notes.
[12] $2.2 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 2.1% to 2.2%.
[13] Includes a $64.3 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25%.
[14] ncludes the debt assumed in the SpringCastle Transaction (Note 1), which is comprised of the following classes of asset-backed notes (collectively, the “2014-A Notes”) held by third parties: $637.1 million UPB of Class A notes with a coupon of 2.7% and a stated maturity date in May 2023 (the “Class A Notes”); $427.0 million UPB of Class B notes with a coupon of 4.61% and a stated maturity date in October 2027 (the “Class B Notes”); $331.2 million UPB of Class C notes with a coupon of 5.59% and a stated maturity date in October 2033 (the “Class C Notes”); and $199.8 million UPB of Class D notes with a coupon of 6.82% and a stated maturity date in April 2034 (the “Class D Notes”). Prior to the payment date in October 2016, the redemption price for any class of the outstanding 2014-A Notes shall be the sum of (i) 100% of the UPB of the 2014-A Notes of the applicable class to be redeemed, plus (ii) the applicable Specified Call Premium Amount (as defined below) for such 2014-A Notes, plus (iii) accrued and unpaid interest and fees in respect of such 2014-A Notes. On or after the payment date occurring in October 2016, the redemption price for any class of 2014-A Notes shall be the sum of (i) 100% of the UPB of the 2014-A Notes of the applicable class to be redeemed, plus (ii) accrued and unpaid interest and fees in respect of such 2014-A Notes. The “Specified Call Premium Amount” on any payment date for any class of 2014-A Notes shall mean (i) in the case of Class A Notes, an amount equal to 1.00% of the UPB of the Class A Notes to be redeemed and (ii) in the case of the Class B Notes, the Class C Notes and the Class D Notes, an amount equal to (a) the product of (1) with respect to the Class B Notes, 0.75%, with respect to the Class C Notes, 1.00% and with respect to the Class D Notes, 2.00%, times (2) the UPB of the 2014-A Notes of such class to be redeemed on such payment date, times (3) the number of days, computed on a 30/360 basis, from and including such payment date to but excluding the payment date occurring in October 2016, divided by (b) 360.