Summary Of Significant Accounting Policies Tables

Schedule of accretion of discount and other amortization

As reflected on the consolidated statements of cash flows, this item is comprised of the following:


	Year Ended December 31,
	2013			2012
Accretion of net discount on securities and loans	$	14,676		$	5,339
Amortization of deferred financing costs		(768	)		—

	$	13,908		$	5,339

Schedule of other assets and other liabilities

Other assets and liabilities are comprised of the following:


	Other Assets						Other Liabilities
	December 31,						December 31,
	2013			2012			2013		2012
Margin receivable (A)	$	40,132		$	—	Interest payable	$	4,010	$	55
Interest and other receivables		7,548			84	Accounts payable		2,829		348
Deferred financing costs (B)		5,541			—	Other		18		59

Accumulated amortization		(768	)		—		$	6,857	$	462

Other		689			—

	$	53,142		$	84

(A)

Margin receivable represents amounts due to New Residential from counterparties resulting from changes in the counterparties’ estimated value of the underlying collateral of New Residential’s financed investments resulting from market fluctuations and principal paydowns. Brief periods of time may lapse between the time New Residential pays, or receives, margin from one counterparty relative to other counterparties.

(B)	Deferred financing costs consist primarily of costs incurred in obtaining financing, which are amortized into interest expense over the term of the financing generally using the effective interest method.