SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2016

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
Three Months Ended June 30, 2016
Interest income	$	33,263		$	82,793	$	68,214		$	14,272	$	78,309	$	626		$	277,477
Interest expense	5,181			58,795		10,933			6,904		18,872		—			100,685
Net interest income (expense)	28,082			23,998		57,281			7,368		59,437		626			176,792
Impairment	—			—		2,819			855		15,970		—			19,644
Other income	(15,875		)	15,064		(24,403		)	5,491		—		—			(19,723		)
Operating expenses	298			944		477			2,718		12,614		19,229			36,280
Income (Loss) Before Income Taxes	11,909			38,118		29,582			9,286		30,853		(18,603		)	101,145
Income tax expense (benefit)	—			7,397		—			42		75		4			7,518
Net Income (Loss)	$	11,909		$	30,721	$	29,582		$	9,244	$	30,778	$	(18,607	)	$	93,627
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	10,345	$	—		$	—	$	14,630	$	—		$	24,975
Net income (loss) attributable to common stockholders	$	11,909		$	20,376	$	29,582		$	9,244	$	16,148	$	(18,607	)	$	68,652

	Servicing Related Assets						Residential Securities and Loans
	Excess MSRs			Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans		Corporate			Total
Six Months Ended June 30, 2016
Interest income	$	76,231		$	163,760		$	114,127		$	33,765		$	78,310	$	1,320		$	467,513
Interest expense	8,115			121,870			18,417			14,294			19,217		—			181,913
Net interest income (expense)	68,116			41,890			95,710			19,471			59,093		1,320			285,600
Impairment	—			—			6,073			7,600			15,970		—			29,643
Other income	(4,182		)	(12,327		)	(60,864		)	8,364			81,193		15			12,199
Operating expenses	530			2,047			938			6,943			14,218		36,620			61,296
Income (Loss) Before Income Taxes	63,404			27,516			27,835			13,292			110,098		(35,285		)	206,860
Income tax expense (benefit)	—			(2,605		)	—			(179		)	75		4			(2,705		)
Net Income (Loss)	$	63,404		$	30,121		$	27,835		$	13,471		$	110,023	$	(35,289	)	$	209,565
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	14,547		$	—		$	—		$	14,630	$	—		$	29,177
Net income (loss) attributable to common stockholders	$	63,404		$	15,574		$	27,835		$	13,471		$	95,393	$	(35,289	)	$	180,388

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities		Real Estate Loans		Consumer Loans		Corporate			Total
June 30, 2016
Investments	$	1,674,563	$	6,919,791	$	4,148,140	$	885,911	$	1,830,436	$	—		$	15,458,841
Cash and cash equivalents	4,037		111,041		8,659		24,765		20,281		65,062			233,845
Restricted cash	6,830		95,984		—		—		65,229		—			168,043
Other assets	2,418		202,268		1,627,328		141,177		35,682		35,546			2,044,419
Total assets	$	1,687,848	$	7,329,084	$	5,784,127	$	1,051,853	$	1,951,628	$	100,608		$	17,905,148
Debt	$	323,645	$	6,790,257	$	3,310,512	$	772,550	$	1,723,770	$	—		$	12,920,734
Other liabilities	1,784		33,069		1,673,603		22,126		15,996		124,575			1,871,153
Total liabilities	325,429		6,823,326		4,984,115		794,676		1,739,766		124,575			14,791,887
Total equity	1,362,419		505,758		800,012		257,177		211,862		(23,967		)	3,113,261
Noncontrolling interests in equity of consolidated subsidiaries	—		187,719		—		—		114,102		—			301,821
Total New Residential stockholders’ equity	$	1,362,419	$	318,039	$	800,012	$	257,177	$	97,760	$	(23,967	)	$	2,811,440
Investments in equity method investees	$	199,145	$	—	$	—	$	—	$	—	$	—		$	199,145

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
Three Months Ended June 30, 2015
Interest income	$	34,359	$	108,588	$	23,454		$	10,795		$	—		$	981		$	178,177
Interest expense	9,172		63,450		3,540			5,185			524			—			81,871
Net interest income (expense)	25,187		45,138		19,914			5,610			(524		)	981			96,306
Impairment	—		—		650			4,771			—			—			5,421
Other income	4,298		24,115		(4,211		)	7,817			8,510			(2,879		)	37,650
Operating expenses	260		1,688		105			5,610			54			27,235			34,952
Income (Loss) Before Income Taxes	29,225		67,565		14,948			3,046			7,932			(29,133		)	93,583
Income tax expense (benefit)	—		15,657		—			(1,351		)	—			—			14,306
Net Income (Loss)	$	29,225	$	51,908	$	14,948		$	4,397		$	7,932		$	(29,133	)	$	79,277
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	9,279	$	—		$	—		$	—		$	(5,121	)	$	4,158
Net income (loss) attributable to common stockholders	$	29,225	$	42,629	$	14,948		$	4,397		$	7,932		$	(24,012	)	$	75,119

	Servicing Related Assets				Residential Securities and Loans
	Excess MSRs		Servicer Advances		Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
Six Months Ended June 30, 2015
Interest income	$	49,397	$	150,937	$	37,715		$	23,520		$	—		$	981		$	262,550
Interest expense	9,941		87,086		7,021			11,278			524			—			115,850
Net interest income (expense)	39,456		63,851		30,694			12,242			(524		)	981			146,700
Impairment	—		—		1,720			5,749			—			—			7,469
Other income	8,188		13,389		(9,302		)	21,592			18,957			(2,879		)	49,945
Operating expenses	349		2,263		3			11,712			111			42,784			57,222
Income (Loss) Before Income Taxes	47,295		74,977		19,669			16,373			18,322			(44,682		)	131,954
Income tax expense (benefit)	—		12,417		—			(1,538		)	—			—			10,879
Net Income (Loss)	$	47,295	$	62,560	$	19,669		$	17,911		$	18,322		$	(44,682	)	$	121,075
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	15,102	$	—		$	—		$	—		$	(5,121	)	$	9,981
Net income (loss) attributable to common stockholders	$	47,295	$	47,458	$	19,669		$	17,911		$	18,322		$	(39,561	)	$	111,094