Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Details)

v3.19.1
SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]        
Interest income $ 438,867 $ 383,573    
Interest expense 212,832 124,387    
Net interest income (expense) 226,035 259,186    
Impairment 12,796 25,677    
Servicing revenue, net 165,853 217,236    
Gain on sale of originated mortgage loans, net 43,984 0    
Other income (loss) (40,780) 264,524    
Operating expenses 180,387 107,817    
Income (Loss) Before Income Taxes 201,909 607,452    
Income tax expense (benefit) 45,997 (6,912)    
Net Income (Loss) 155,912 614,364    
Noncontrolling interests in income (loss) of consolidated subsidiaries 10,318 10,111    
Net income (loss) attributable to common stockholders 145,594 604,253    
Investments 21,940,053      
Cash and cash equivalents 340,911      
Restricted cash 168,128   $ 164,020  
Other assets 10,935,831      
Goodwill 24,645   24,645  
Total assets 33,409,568   31,691,013  
Debt 25,393,908   22,656,235  
Other liabilities 1,103,451      
Total liabilities 26,497,359   25,602,718  
Total equity 6,912,209 5,761,687 6,088,295 $ 4,796,162
Noncontrolling interests in equity of consolidated subsidiaries 89,928   90,625  
Total New Residential stockholders’ equity 6,822,281   $ 5,997,670  
Investments in equity method investees 194,728      
Servicing and Originations        
Segment Reporting Information [Line Items]        
Interest income 131,800 194,768    
Interest expense 66,486 55,030    
Net interest income (expense) 65,314 139,738    
Impairment 0 0    
Servicing revenue, net 165,853 217,236    
Gain on sale of originated mortgage loans, net 43,984 0    
Other income (loss) (13,464) 263,311    
Operating expenses 126,842 52,483    
Income (Loss) Before Income Taxes 134,845 567,802    
Income tax expense (benefit) 39,374 (7,156)    
Net Income (Loss) 95,471 574,958    
Noncontrolling interests in income (loss) of consolidated subsidiaries 2,858 1,383    
Net income (loss) attributable to common stockholders 92,613 573,575    
Investments 7,073,330      
Cash and cash equivalents 256,617      
Restricted cash 128,302      
Other assets 3,330,929      
Goodwill 24,645      
Total assets 10,813,823      
Debt 6,512,087      
Other liabilities 470,905      
Total liabilities 6,982,992      
Total equity 3,830,831      
Noncontrolling interests in equity of consolidated subsidiaries 60,531      
Total New Residential stockholders’ equity 3,770,300      
Investments in equity method investees 143,200      
Real Estate Securities        
Segment Reporting Information [Line Items]        
Interest income 204,473 101,133    
Interest expense 101,300 41,530    
Net interest income (expense) 103,173 59,603    
Impairment 7,516 6,670    
Servicing revenue, net 0 0    
Gain on sale of originated mortgage loans, net 0 0    
Other income (loss) (46,958) 10,569    
Operating expenses 1,189 297    
Income (Loss) Before Income Taxes 47,510 63,205    
Income tax expense (benefit) 0 0    
Net Income (Loss) 47,510 63,205    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Net income (loss) attributable to common stockholders 47,510 63,205    
Investments 9,747,450      
Cash and cash equivalents 6,771      
Restricted cash 0      
Other assets 7,236,001      
Goodwill 0      
Total assets 16,990,222      
Debt 14,535,826      
Other liabilities 317,701      
Total liabilities 14,853,527      
Total equity 2,136,695      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 2,136,695      
Investments in equity method investees 0      
Residential Mortgage Loans        
Segment Reporting Information [Line Items]        
Interest income 58,189 34,392    
Interest expense 35,851 16,311    
Net interest income (expense) 22,338 18,081    
Impairment (5,804) 5,183    
Servicing revenue, net 0 0    
Gain on sale of originated mortgage loans, net 0 0    
Other income (loss) 12,399 (20,217)    
Operating expenses 9,320 8,947    
Income (Loss) Before Income Taxes 31,221 (16,266)    
Income tax expense (benefit) 6,544 0    
Net Income (Loss) 24,677 (16,266)    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Net income (loss) attributable to common stockholders 24,677 (16,266)    
Investments 4,062,085      
Cash and cash equivalents 3,879      
Restricted cash 0      
Other assets 153,418      
Goodwill 0      
Total assets 4,219,382      
Debt 3,376,964      
Other liabilities 58,237      
Total liabilities 3,435,201      
Total equity 784,181      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 784,181      
Investments in equity method investees 0      
Consumer Loans        
Segment Reporting Information [Line Items]        
Interest income 44,405 52,648    
Interest expense 9,195 11,516    
Net interest income (expense) 35,210 41,132    
Impairment 11,084 13,824    
Servicing revenue, net 0 0    
Gain on sale of originated mortgage loans, net 0 0    
Other income (loss) 4,531 5,090    
Operating expenses 7,427 9,437    
Income (Loss) Before Income Taxes 21,230 22,961    
Income tax expense (benefit) 79 244    
Net Income (Loss) 21,151 22,717    
Noncontrolling interests in income (loss) of consolidated subsidiaries 7,460 8,728    
Net income (loss) attributable to common stockholders 13,691 13,989    
Investments 1,057,188      
Cash and cash equivalents 14,344      
Restricted cash 39,826      
Other assets 62,916      
Goodwill 0      
Total assets 1,174,274      
Debt 969,031      
Other liabilities 16,573      
Total liabilities 985,604      
Total equity 188,670      
Noncontrolling interests in equity of consolidated subsidiaries 29,397      
Total New Residential stockholders’ equity 159,273      
Investments in equity method investees 51,528      
Corporate        
Segment Reporting Information [Line Items]        
Interest income 0 632    
Interest expense 0 0    
Net interest income (expense) 0 632    
Impairment 0 0    
Servicing revenue, net 0 0    
Gain on sale of originated mortgage loans, net 0 0    
Other income (loss) 2,712 5,771    
Operating expenses 35,609 36,653    
Income (Loss) Before Income Taxes (32,897) (30,250)    
Income tax expense (benefit) 0 0    
Net Income (Loss) (32,897) (30,250)    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Net income (loss) attributable to common stockholders (32,897) $ (30,250)    
Investments 0      
Cash and cash equivalents 59,300      
Restricted cash 0      
Other assets 152,567      
Goodwill 0      
Total assets 211,867      
Debt 0      
Other liabilities 240,035      
Total liabilities 240,035      
Total equity (28,168)      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity (28,168)      
Investments in equity method investees $ 0