INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AT FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2013

Investments In Excess Mortgage Servicing Rights At Fair Value Tables

Schedule of direct investment in Excess Mortgage Servicing Rights (MSRs)

The following is a summary of New Residential’s direct investments in Excess MSRs:

			March 31, 2013									Three Months Ended March 31, 2013
	Unpaid Principal Balance (“UPB”) of Underlying Mortgages		Amortized Cost Basis (A)		Carrying Value (B)		Weighted Average Yield			Weighted Average Maturity (Years) (C)		Changes in Fair Value Recorded in Other Income (D)
MSR Pool 1	$	8,021,789	$	29,329	$	35,333		18.0	%		4.8	$	266
MSR Pool 1 - Recapture Agreement		—		3,676		4,355		18.0	%		11.0		174
MSR Pool 2		9,038,057		32,345		33,695		17.3	%		5.0		306
MSR Pool 2 - Recapture Agreement		—		4,108		4,880		17.3	%		12.0		591
MSR Pool 3		8,758,689		26,502		30,126		17.6	%		4.7		768
MSR Pool 3 - Recapture Agreement		—		4,598		4,552		17.6	%		11.4		30
MSR Pool 4		5,586,851		10,809		11,969		17.9	%		4.6		141
MSR Pool 4 - Recapture Agreement		—		2,763		2,705		17.9	%		11.1		(43	)
MSR Pool 5		41,917,506		102,718		104,507		17.5	%		4.7		(190	)
MSR Pool 5 - Recapture Agreement		—		8,460		4,433		17.5	%		11.7		(185	)
	$	73,322,892	$	225,308	$	236,555		17.6	%		5.4	$	1,858

(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.
(B)	Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
(C)	Weighted Average Maturity represents the weighted average expected timing of the receipt of expected cash flows for this investment.
(D)	The portion of the change in fair value of the Recapture Agreements relating to loans recaptured to date is reflected in the respective pool.

Summary of the geographic distribution of the underlying residential mortgage loans of the direct investment in Excess MSRs

The table below summarizes the geographic distribution of the underlying residential mortgage loans of the direct investments in Excess MSRs at March 31, 2013:

State Concentration	Percentage of Total Outstanding
California		31.7	%
Florida		10.1	%
New York		4.4	%
Washington		4.3	%
Arizona		3.8	%
Texas		3.6	%
Colorado		3.5	%
Maryland		3.4	%
New Jersey		3.2	%
Virginia		3.0	%
Other U.S.		29.0	%
		100.0	%