DEBT OBLIGATIONS

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

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.

All of the agreements described above are subject to customary margin call provisions. See Note 15 regarding the refinancing of repurchase agreements with Credit Suisse.

6. DEBT OBLIGATIONS

The following table presents certain information regarding New Residential’s debt obligations at December 31, 2012:

	December 31, 2012
																			Collateral
Debt Obligation/ Collateral	Month Issued		Outstanding Face Amount		Carrying Value		Final Stated Maturity		Contractual Weighted Average Funding Cost			Weighted Average Funding Cost			Weighted Average Maturity (Years)		Face Amount of Floating Rate Debt		Outstanding Face Amount		Amortized Cost Basis		Carrying Value		Weighted Average Maturity (Years)		Floating Rate Face Amount
Repurchase Agreements(A)
Non-Agency RMBS (B)(C)		Various	$	150,922	$	150,922		Jan 2013		LIBOR+ 2.00	%		2.21	%		0.1	$	150,922	$	344,177	$	215,034	$	228,493		6.9	$	344,177

(A) These repurchase agreements had approximately $55 thousand of associated accrued interest payable at December 31, 2012. $151 million face amount of these repurchase agreements were renewed subsequent to December 31, 2012.

(B) The counterparty of these repurchase agreements is Credit Suisse.

(C) Newcastle is the guarantor of these repurchase agreements, which are subject to customary margin call provisions.