Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details)

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INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2019
Mar. 31, 2019
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]      
UPB of Underlying Mortgages   $ 21,900,000  
Carrying Value [1]   $ 1,005,660 $ 1,072,202
Weighted Average Life (Years)   27 days  
Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
UPB of Underlying Mortgages   $ 15,400  
LoanCo | Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
UPB of Underlying Mortgages $ 259,618    
Interest in Consumer Loans 25.00%    
Carrying Value $ 259,618    
Weighted Average Coupon 14.00%    
Weighted Average Life (Years) 1 year 3 months 18 days    
Weighted Average Delinquency 1.40%    
[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.