Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS EQUITY METHOD INVESTEES - EXCESS MSR INVESTMENTS (Details 1)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS EQUITY METHOD INVESTEES - EXCESS MSR INVESTMENTS (Details 1) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2013
MSR Pool 11 Recapture Agreement
Sep. 30, 2013
MSRs
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Jan. 04, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 6 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 7
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 7 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 8
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 8 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 9
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 9 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 11
May 20, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 11
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 11 Recapture Agreement
Sep. 30, 2013
Excess Mortgage Servicing Rights Investees
MSRs
Unpaid principal balance of underlying loans      $ 72,315,805   $ 10,585,764      $ 33,239,259    $ 14,798,521    $ 32,068,608    $ 59,784,115    $ 19,380,729      $ 169,856,996
Investee Interest in Excess MSR         66.70%   66.70% 66.70% 66.70% 66.70% 66.70% 66.70% 66.70% 77.00% 77.00% 66.70%   66.70%  
Ownership percentage in equity method investees       50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%  
Amortized Cost Basis   2,391 [1] 254,278 [1]   37,957 [2]   9,653 [2] 101,125 [2] 20,031 [2] 56,457 [2] 10,069 [2] 106,141 [2] 36,107 [2] 202,417 [2] 12,793 [2] 47,108 [2]   23,442 [2] 663,300 [2]
Carrying Value   $ 2,391 [3] $ 307,568 [3]   $ 43,908 [4]   $ 12,295 [4] $ 111,962 [4] $ 23,785 [4] $ 58,936 [4] $ 12,926 [4] $ 120,603 [4] $ 45,811 [4] $ 201,571 [4] $ 11,343 [4] $ 53,981 [4]   $ 22,659 [4] $ 719,780 [4]
Weighted average yield 2.48% [5] 12.50% 12.90%   12.50%   12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.70% 12.70% 12.50%   12.50% 12.60%
Weighted average life (years) 3 years 6 months [5],[6] 10 years 2 months 12 days [7] 5 years 9 months 18 days [7]   4 years 7 months 6 days [8]   10 years 10 months 24 days [8] 5 years [8] 12 years [8] 4 years 9 months 18 days [8] 11 years 10 months 24 days [8] 4 years 9 months 18 days [8] 11 years [8] 5 years 7 months 6 days [8] 12 years 10 months 24 days [8] 5 years 3 months 18 days [8]   10 years 2 months 12 days [8] 6 years 2 months 12 days [8]
[1] (A) The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[2] (A) Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[3] (B) Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[4] (B) Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable
[5] (G) The total outstanding face amount was $16.4 million for fixed rate securities and $2.0 billion for floating rate securities.
[6] (C) The weighted average life is based on the timing of expected principal reduction on the assets.
[7] (C) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[8] (C) The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.