SEGMENT REPORTING (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

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

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		Corporate			New Residential
Year ended December 31, 2012
Interest income	$	27,496	$	6,263	$	—		$	33,759
Interest expense		—		704		—			704
Net interest income (expense)		27,496		5,559		—			33,055
Change in fair value of investments in excess mortgage servicing rights		9,023		—		—			9,023
Other income (loss)		8,400		—		—			8,400
Expenses		5,449		—		3,782			9,231
Net Income (Loss)	$	39,470	$	5,559	$	(3,782	)	$	41,247
December 31, 2012
Total Assets	$	245,068	$	289,808	$	—		$	534,876

	Excess MSRs		Real Estate Securities		Corporate			New Residential
Period from December 8, 2011 (Commencement of Operations) through December 31, 2011
Interest income	$	1,260	$	—	$	—		$	1,260
Interest expense		—		—		—			—
Net interest income (expense)		1,260		—		—			1,260
Change in fair value of investments in excess mortgage servicing rights		367		—		—			367
Expenses		809		—		104			913
Net Income (Loss)	$	818	$	—	$	(104	)	$	714
December 31, 2011
Total Assets	$	43,791	$	—	$	—		$	43,791