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OTHER INCOME, ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2015
Other Income Assets And Liabilities  
Schedule of Other Income
Other income, net, is comprised of the following:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Unrealized gain (loss) on derivative instruments
$
(14,239
)
 
$
4,799

 
$
(22,498
)
 
$
2,355

Gain (loss) on transfer of loans to REO
1,272

 
5,167

 
1,075

 
11,861

Gain on consumer loans investment
14,385

 
—

 
33,342

 
—

Fee earned on deal termination
—

 
5,000

 
—

 
5,000

Other income (loss)
6,346

 
323

 
6,318

 
323

 
$
7,764

 
$
15,289

 
$
18,237

 
$
19,539
Schedule of Gain (Loss) on Settlement of Investments
Gain (loss) on settlement of investments, net is comprised of the following:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Gain (loss) on sale of real estate securities, net
$
24,454

 
$
3,668

 
$
31,230

 
$
65,444

Gain (loss) on sale of residential mortgage loans, net
226

 
—

 
32,851

 
—

Gain (loss) on settlement of derivatives
(39,406
)
 
(2,403
)
 
(48,227
)
 
(6,186
)
Gain (loss) on liquidated residential mortgage loans
123

 
782

 
246

 
782

Gain (loss) on sale of REO(A)
(1,914
)
 
(159
)
 
(9,751
)
 
(801
)
Other gains (losses)
108

 
(950
)
 
(6,790
)
 
(1,405
)
 
$
(16,409
)
 
$
938

 
$
(441
)
 
$
57,834


(A)
Includes approximately $3.2 million loss on REO sold as a part of the residential mortgage loan sales described in Note 8 during the nine months ended September 30, 2015.
Schedule of Other Assets and Liabilities
Other assets and liabilities are comprised of the following:
 
Other Assets
 
 
 
Accrued Expenses
and Other Liabilities
 
September 30, 2015
 
December 31, 2014
 
 
 
September 30, 2015
 
December 31, 2014
Margin receivable, net
$
60,841

 
$
59,021

 
Interest payable
 
$
14,562

 
$
7,857

Other receivables(A)
23,571

 
1,797

 
Accounts payable
 
19,875

 
28,059

Deferred financing costs, net(B)
—

 
—

 
Derivative liabilities
 
29,364

 
14,220

Principal paydown receivable
920

 
3,595

 
Current taxes payable
 
1,883

 
2,349

Receivable from government agency(C)
58,384

 
9,108

 
Contingent consideration (Note 1)
 
50,000

 
—

Call rights
414

 
3,728

 
Settlement payable
 
9,100

 
—

Interest receivable
35,755

 
8,658

 
Other liabilities(F)
 
8,642

 
20

GNMA EBO servicer advance receivable(D)
62,552

 
—

 
 
 
$
133,426

 
$
52,505

Other assets(E)
19,203

 
9,516

 
 
 
 
 
 
 
$
261,640

 
$
95,423

 
 
 
 
 
 

(A)
Primarily includes a receivable from Ocwen related to their servicer rating downgrade, funds in transit from the EBO loan repurchase agreement counterparty, and claims receivable related to residual securities owned.
(B)
Deferred financing costs were reclassified as an offset to the related debt obligation in June 2015 pursuant to ASU No. 2015-03 (Note 1).
(C)
Represents claims receivable from FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.
(D)
Represents an HLSS loan to a counterparty collateralized by servicer advances on GNMA EBO loans.
(E)
Primarily includes prepaid expenses.
(F)
Primarily includes accrued retention bonus and severance arrangements for HLSS employees.
Schedule of Accretion and Other Amortization
As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
 
 
Nine Months Ended September 30,
 
 
2015
 
2014
Accretion of servicer advance interest income
 
$
256,045

 
$
153,790

Accretion of excess mortgage servicing rights income
 
87,874

 
37,703

Accretion of net discount on securities and loans
 
35,239

 
30,127

Amortization of deferred financing costs
 
(18,691
)
 
(7,675
)
 
 
$
360,467

 
$
213,945