SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Summary of Segment Financial Data

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:

	Servicing Related Assets					Residential Securities and Loans
	Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
Year Ended December 31, 2015
Interest income	$	134,565	$	354,616		$	110,123		$	43,180		$	1		$	2,587		$	645,072
Interest expense	11,625		216,837			18,230			21,510			1,615			4,196			274,013
Net interest income (expense)	122,940		137,779			91,893			21,670			(1,614		)	(1,609		)	371,059
Impairment	—		—			5,788			18,596			—			—			24,384
Other income	72,802		(53,426		)	(33,604		)	15,405			43,954			(3,102		)	42,029
Operating expenses	1,101		14,316			1,227			13,415			228			87,536			117,823
Income (Loss) Before Income Taxes	194,641		70,037			51,274			5,064			42,112			(92,247		)	270,881
Income tax expense (benefit)	—		(8,127		)	—			(3,199		)	325			—			(11,001		)
Net Income (Loss)	$	194,641	$	78,164		$	51,274		$	8,263		$	41,787		$	(92,247	)	$	281,882
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	18,407		$	—		$	—		$	—		$	(5,161	)	$	13,246
Net income (loss) attributable to common stockholders	$	194,641	$	59,757		$	51,274		$	8,263		$	41,787		$	(87,086	)	$	268,636

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities		Real Estate Loans		Consumer Loans			Corporate			Total
December 31, 2015
Investments	$	1,798,738	$	7,857,841	$	2,070,834	$	1,157,433	$	—		$	—		$	12,884,846
Cash and cash equivalents	18,507		95,686		42,984		13,262		6,359			73,138			249,936
Restricted cash	878		93,824		—		—		—			—			94,702
Derivative assets	—		2,689		—		—		—			—			2,689
Other assets	34		198,962		1,600,091		106,330		1,767			53,365			1,960,549
Total assets	$	1,818,157	$	8,249,002	$	3,713,909	$	1,277,025	$	8,126		$	126,503		$	15,192,722
Debt	$	182,978	$	7,550,680	$	2,513,538	$	1,004,980	$	40,446		$	—		$	11,292,622
Other liabilities	2,277		18,153		740,392		14,382		459			137,857			913,520
Total liabilities	185,255		7,568,833		3,253,930		1,019,362		40,905			137,857			12,206,142
Total equity	1,632,902		680,169		459,979		257,663		(32,779		)	(11,354		)	2,986,580
Noncontrolling interests in equity of consolidated subsidiaries	—		190,647		—		—		—			—			190,647
Total New Residential stockholders’ equity	$	1,632,902	$	489,522	$	459,979	$	257,663	$	(32,779	)	$	(11,354	)	$	2,795,933
Investments in equity method investees	$	217,221	$	—	$	—	$	—	$	—		$	—		$	217,221

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities		Real Estate Loans		Consumer Loans			Corporate			Total
Year Ended December 31, 2014
Interest income	$	49,180	$	190,206	$	60,208	$	47,262	$	—		$	1		$	346,857
Interest expense	1,294		110,968		12,689		11,073		4,184			500			140,708
Net interest income (expense)	47,886		79,238		47,519		36,189		(4,184		)	(499		)	206,149
Impairment	—		—		1,391		9,891		—			—			11,282
Other income	100,052		83,828		14,589		30,759		145,860			—			375,088
Operating expenses	713		2,183		10,012		12,688		917			78,386			104,899
Income (Loss) Before Income Taxes	147,225		160,883		50,705		44,369		140,759			(78,885		)	465,056
Income tax expense	—		20,806		—		2,059		92			—			22,957
Net Income (Loss)	$	147,225	$	140,077	$	50,705	$	42,310	$	140,667		$	(78,885	)	$	442,099
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	89,222	$	—	$	—	$	—		$	—		$	89,222
Net income (loss) attributable to common stockholders	$	147,225	$	50,855	$	50,705	$	42,310	$	140,667		$	(78,885	)	$	352,877

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities		Real Estate Loans		Consumer Loans		Corporate			Total
December 31, 2014
Investments	$	748,609	$	3,270,839	$	2,463,163	$	1,236,210	$	—	$	—		$	7,718,821
Cash and restricted cash	—		59,383		43,728		7,757		—		102,117			212,985
Restricted cash	—		29,418		—		—		—		—			29,418
Derivative assets	—		194		32,091		312		—		—			32,597
Other assets	—		10,206		69,980		14,159		609		469			95,423
Total assets	$	748,609	$	3,370,040	$	2,608,962	$	1,258,438	$	609	$	102,586		$	8,089,244
Debt	$	—	$	2,885,784	$	2,246,651	$	925,418	$	—	$	—		$	6,057,853
Other liabilities	215		25,467		17,511		24,141		195		113,937			181,466
Total liabilities	215		2,911,251		2,264,162		949,559		195		113,937			6,239,319
Total equity	748,394		458,789		344,800		308,879		414		(11,351		)	1,849,925
Noncontrolling interests in equity of consolidated subsidiaries	—		253,836		—		—		—		—			253,836
Total New Residential stockholders’ equity	$	748,394	$	204,953	$	344,800	$	308,879	$	414	$	(11,351	)	$	1,596,089
Investments in equity method investees	$	330,876	$	—	$	—	$	—	$	—	$	—		$	330,876

	Servicing Related Assets					Residential Securities and Loans
	Excess MSRs		Servicer Advances			Real Estate Securities		Real Estate Loans		Consumer Loans		Corporate			Total
Year Ended December 31, 2013
Interest income	$	40,921	$	4,421		$	39,533	$	2,650	$	—	$	42		$	87,567
Interest expense	—		3,901			10,876		—		—		247			15,024
Net interest income	40,921		520			28,657		2,650		—		(205		)	72,543
Impairment	—		—			4,993		461		—		—			5,454
Other income	103,675		—			52,645		1,832		82,856		—			241,008
Operating expenses	215		2,077			312		357		2,076		37,437			42,474
Income (Loss) Before Income Taxes	144,381		(1,557		)	75,997		3,664		80,780		(37,642		)	265,623
Income tax expenses	—		—			—		—		—		—			—
Net Income (Loss)	$	144,381	$	(1,557	)	$	75,997	$	3,664	$	80,780	$	(37,642	)	$	265,623
Noncontrolling interests in income of consolidated subsidiaries	$	—	$	(326	)	$	—	$	—	$	—	$	—		$	(326	)
Net income (loss) attributable to stockholders	$	144,381	$	(1,231	)	$	75,997	$	3,664	$	80,780	$	(37,642	)	$	265,949