Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v2.4.0.8
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting Tables  
Schedule of segment reporting
Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole:
 
    Excess MSRs   Real Estate Securities and Loans   Consumer Loans   Corporate   Total
Three Months Ended September 30, 2013                    
Interest income   $ 9,761     $ 12,120     $ —       $ 4     $ 21,885  
Interest expense     —         3,443       —         —         3,443  
Net interest income     9,761       8,677       —         4       18,442  
Impairment     —         —         —         —         —    
Other income     20,853       11,213       24,129       —         56,195  
Operating expenses     82       104       1       11,305       11,492  
Net income (loss)   $ 30,532     $ 19,786     $ 24,128     $ (11,301 )   $ 63,145  
 
    Excess MSRs   Real Estate Securities and Loans   Consumer Loans   Corporate   Total
Nine Months Ended September 30, 2013                    
Interest income   $ 30,541     $ 30,492     $ —       $ 42     $ 61,075  
Interest expense     —         6,993       —         —         6,993  
Net interest income     30,541       23,499       —         42       54,082  
Impairment     —         3,756       —         —         3,756  
Other income     85,640       11,271       60,293       —         157,204  
Operating expenses     178       256       1,952       19,702       22,088  
Net income (loss)   $ 116,003     $ 30,758     $ 58,341     $ (19,660 )   $ 185,442  
 
    Excess MSRs   Real Estate Securities and Loans   Consumer Loans   Corporate   Total
September 30, 2013                    
Investments   $ 665,600     $ 1,894,260     $ 192,498     $ —       $ 2,752,358  
Cash and cash equivalents     —         —         —         172,203       172,203  
Other assets     —         6,563       —         720       7,283  
Total assets     665,600       1,900,823       192,498       172,923       2,931,844  
Debt     —         1,467,934       —         —         1,467,934  
Other liabilities     82       149,352       —         53,440       202,874  
Total liabilities     82       1,617,286       —         53,440       1,670,808  
GAAP book value   $ 665,518     $ 283,537     $ 192,498     $ 119,483     $ 1,261,036  
                                         
Investments in equity method investees   $ 358,032     $ —       $ 192,498     $ —       $ 550,530  
 
   
Excess MSRs
   
Real Estate Securities and Loans
   
Consumer Loans
   
Corporate
   
Total
 
Three Months Ended September 30, 2012
                             
Interest income
  $ 9,903     $ 2,392     $     $     $ 12,295  
Interest expense
          298                   298  
Net interest income
    9,903       2,094                   11,997  
Other income
    1,774                         1,774  
Operating expenses
    994                   1,009       2,003  
Net income (loss)
  $ 10,683     $ 2,094     $     $ (1,009 )   $ 11,768  
 
    Excess MSRs   Real Estate Securities and Loans   Consumer Loans   Corporate   Total
Nine Months Ended September 30, 2012                    
Interest income   $ 16,419     $ 2,392     $ —       $ —       $ 18,811  
Interest expense     —         298       —         —         298  
Net interest income     16,419       2,094       —         —         18,513  
Other income     6,513       —         —         —         6,513  
Operating expenses     2,141       —         —         1,955       4,096  
Net income (loss)   $ 20,791     $ 2,094     $ —       $ (1,955 )   $ 20,930