Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details)

v3.19.1
INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Feb. 28, 2019
Dec. 31, 2018
Nov. 30, 2018
Schedule of Equity Method Investments [Line Items]          
New Residential’s equity in net income $ 4,311 $ 4,806      
Consumer Portfolio Segment | LoanCo and WarrantCo          
Schedule of Equity Method Investments [Line Items]          
Consumer loans, at fair value     $ 259,618   $ 231,560
Warrants, at fair value     118,127   103,067
Other assets     28,525   25,971
Warehouse financing     (205,552)   (182,065)
Other liabilities     (1,056)   (1,142)
Equity     199,662   177,391
Undistributed retained earnings     0   0
New Residential’s investment 51,528   $ 48,228 $ 38,294 $ 42,875
New Residential’s ownership     24.20%   24.20%
Interest income 7,977 12,792      
Interest expense (2,822) (3,368)      
Change in fair value of consumer loans and warrants 14,536 13,552      
Gain on sale of consumer loans (446) (420)      
Other expenses (1,456) (3,207)      
Net income 17,789 19,349      
New Residential’s equity in net income $ 4,311 $ 4,806      
New Residential’s ownership 24.20% 24.80%