Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOAN EQUITY METHOD INVESTEES - SUMMARY OF INVESTMENTS (Details)

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INVESTMENTS IN CONSUMER LOAN EQUITY METHOD INVESTEES - SUMMARY OF INVESTMENTS (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Sep. 30, 2013
Consumer Loan Investees
Apr. 02, 2013
Consumer Loan Investees
Dec. 31, 2012
Consumer Loan Investees
Summarized financial information:                
Consumer Loan Assets           $ 2,692,642    
Other Assets           90,103    
Debt           (2,137,531) [1]    
Other Liabilities           (3,554)    
Equity           641,660    
Investment in consumer loan equity method investees 192,498   192,498      192,498     
Ownership percentage in equity method investees           30.00% 30.00%  
Interest income           325,822    
Other income (loss)           (47,010)    
Provision for finance receivable losses           (31,122)    
Other expenses           (46,713)    
Net income           200,977    
New Residential's equity in net income $ 24,129    $ 60,293      $ 60,293    
[1] (A) Represents the Class A asset-backed notes with a face amount of $1.8 billion, an interest rate of 3.75% and a maturity of April 2021 and the Class B asset-backed notes with a face amount of $372.0 million, an interest rate of 4% and a maturity of December 2024. Substantially all of the net cash flow generated by the Consumer Loan Companies is required to be used to pay down the Class A notes. When the balance of the outstanding Class A notes is reduced to 50% of the outstanding UPB of the performing consumer loans, 70% of the net cash flow generated is required to be used to pay down the Class A notes and the equity holders of the Consumer Loan Companies and holders of the Class B notes will each be entitled to receive 15% of the net cash flow of the Consumer Loan Companies on a periodic basis.