INVESTMENTS IN EQUITY METHOD INVESTEES (Tables)

3 Months Ended

Mar. 31, 2013

Investments In Equity Method Investees Tables

Schedule of investments in equity method investees

The following tables summarize the investments in equity method investees held by New Residential at March 31, 2013:

	March 31, 2013
Assets (A)	$	275,779
Debt		—
Other Liabilities		(70,603	)
Equity	$	205,176
New Residential’s Investment	$	102,588
New Residential’s Ownership		50.0	%

(A) Includes $20.8 million of deposits related to investments which have not closed at March 31, 2013.

	Three Months Ended March 31, 2013
Interest income	$	5,616
Other income		(3,154	)
Expenses		(524	)
Net Income	$	1,938

Schedule of Excess Mortgage Servicing Rights (MSRs) investments made through equity method investees

The following is a summary of New Residential’s Excess MSR investments made through equity method investees:

	March 31, 2013
	Unpaid Principal Balance		Investee Interest in Excess MSR			New Residential Interest in Investees			Amortized Cost Basis (A)		Carrying Value (B)		Weighted Average Yield			Weighted Average Maturity (Years) (C)
MSR Pool 6	$	11,821,572		66.7	%		50.0	%	$	42,388	$	41,453		17.4	%		4.9
MSR Pool 6 - Recapture Agreement		—		66.7	%		50.0	%		10,954		10,972		17.4	%		10.7
MSR Pool 7		36,440,577		66.7	%		50.0	%		109,420		109,048		15.2	%		5.1
MSR Pool 7 - Recapture Agreement		—		66.7	%		50.0	%		23,296		23,164		15.2	%		12.0
MSR Pool 8		16,613,186		66.7	%		50.0	%		58,748		57,177		15.0	%		5.0
MSR Pool 8 - Recapture Agreement		—		66.7	%		50.0	%		13,312		13,150		15.0	%		11.7
	$	64,875,335							$	258,118	$	254,964		15.6	%		6.3

(A)	Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. 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)	Represents the carrying value of the equity method investees in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
(C)	The weighted average maturity represents the weighted average expected timing of the receipt of cash flows of each investment.