Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS

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DEBT OBLIGATIONS
6 Months Ended
Jun. 30, 2013
Debt Obligations  
DEBT OBLIGATIONS
8.      DEBT OBLIGATIONS
 
The following table presents certain information regarding New Residential’s debt obligations at June 30, 2013:
 
                                  
Collateral
 
Repurchase Agreements (A)
 
Month Issued
 
Outstanding Face
   
Carrying Value
 
Final Stated Maturity (D)
 
Weighted Average Funding Cost
   
WAL
   
Outstanding Face
   
Amortized Cost Basis
   
Carrying Value
   
WAL (Years)
 
                                                       
Agency ARM RMBS (B)
 
Various
  $ 1,061,250     $ 1,061,250  
Jul-13
    0.39 %     0.1     $ 1,059,950     $ 1,134,190     $ 1,129,786       3.2  
Non Agency RMBS (C)
 
Various
    413,088       413,088  
Jul-13
    2.03 %     0.1       907,247       590,131       613,078       3.8  
                                                                       
        $ 1,474,338     $ 1,474,338         0.85 %     0.1     $ 1,967,197     $ 1,724,321     $ 1,742,864       3.5  
 
(A)
These repurchase agreements had approximately $0.5 million of associated accrued interest payable at June 30, 2013.
   
(B)
The counterparties of these repurchase agreements are Goldman Sachs $357.8 million, Barclays $266.1 million, Nomura $210.2 million, Citi $138.4 million, Morgan Stanley $65.8 million and Bank of America $23.0 million.
   
(C)
The counterparties of these repurchase agreements are Credit Suisse $267.4 million, Barclays $97.9 million, and Royal Bank of Canada $47.7 million.
   
(D)
All of these repurchase agreements were renewed or refinanced subsequent to June 30, 2013.    
   
(E) All of the agreements described above are subject to customary margin call provisions.  See Note 15 regarding the refinancing of repurchase agreeemnts with Credit Suisse.