ORGANIZATION AND BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Preliminary Purchase Price Allocation

The preliminary allocation of the total consideration, following reclassifications to conform to New Residential’s presentation, is as follows:

Total Consideration ($ in millions)	$	237.5
Assets
Consumer loans, held-for-investment	$	1,934.7
Cash and cash equivalents	0.3
Restricted cash	74.6
Other assets	35.9
Total Assets Acquired	$	2,045.5
Liabilities
Notes and bonds payable	1,803.2
Accrued expenses and other liabilities	4.8
Total Liabilities Assumed	$	1,808.0
Net Assets	$	237.5

Summary of Unaudited Pro Forma Combined Interest Income and Income (Loss) Before Income Taxes

The following table presents New Residential’s unaudited pro forma combined Interest Income and Income Before Income Taxes for the three and six months ended June 30, 2016 and 2015 prepared as if the SpringCastle Transaction had been consummated on January 1, 2015.

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Pro Forma
Interest Income	$	277,477	$	276,022	$	554,426	$	462,770
Income Before Income Taxes	101,145		128,213		167,158		288,498
Noncontrolling Interests in Income of Consolidated Subsidiaries	24,975		24,218		47,766		50,347