Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Variable Interest Entities, Assets and Liabilities (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Assets      
Cash and cash equivalents [1] $ 340,911 $ 251,058  
Intangible assets 18,866 18,708  
Residential mortgage loans [1] 672,350 735,329  
Other assets 75,595 55,682  
Total assets 33,409,568 31,691,013  
Liabilities      
Notes and bonds payable [1] 6,952,102 7,102,266  
Reserve for sales recourse 6,641 5,880  
Total liabilities 26,497,359 $ 25,602,718  
VIE, consolidated | RPL Borrowers      
Assets      
Residential mortgage loans 429,229   $ 0
Other assets 0   0
Total assets 429,229   0
Liabilities      
Notes and bonds payable 377,382   0
Accounts payable and accrued expenses 2,635   0
Total liabilities 380,017   $ 0
VIE, consolidated | Shelter Mortgage Company, LLC      
Assets      
Cash and cash equivalents 16,522    
Property and equipment, net 124    
Intangible assets 66    
Prepaid expenses and other assets 511    
Total assets 17,223    
Liabilities      
Accounts payable and accrued expenses 1,206    
Reserve for sales recourse 1,019    
Total liabilities $ 2,225    
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6), the RPL Borrowers (defined in Note 8), 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, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, 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, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.