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DEBT OBLIGATIONS - Schedule of Debt Obligations - Carrying Value (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Debt Instrument [Roll Forward]    
Beginning balance [1] $ 13,181,236  
Borrowings 9,874,154 $ 4,993,318
Repayments (8,788,534) $ (5,062,857)
Ending balance [1] 13,835,214  
Excess MSRs [Member]    
Debt Instrument [Roll Forward]    
Beginning balance 729,145  
Ending balance 804,835  
Mortgage Servicing Rights [Member]    
Debt Instrument [Roll Forward]    
Beginning balance 0  
Ending balance 289,473  
Servicer Advances [Member]    
Debt Instrument [Roll Forward]    
Beginning balance [2] 5,549,872  
Ending balance [2] 4,900,030  
Real Estate Securities [Member]    
Debt Instrument [Roll Forward]    
Beginning balance 4,419,002  
Ending balance 5,229,848  
Real Estate Loans and REO [Member]    
Debt Instrument [Roll Forward]    
Beginning balance 783,006  
Ending balance 1,059,165  
Consumer Loans [Member]    
Debt Instrument [Roll Forward]    
Beginning balance 1,700,211  
Ending balance 1,551,863  
Repurchase Agreements [Member]    
Debt Instrument [Roll Forward]    
Borrowings 9,875,441  
Repayments (8,788,534)  
Capitalized deferred financing costs, net of amortization 98  
Repurchase Agreements [Member] | Excess MSRs [Member]    
Debt Instrument [Roll Forward]    
Borrowings 0  
Repayments 0  
Capitalized deferred financing costs, net of amortization 0  
Repurchase Agreements [Member] | Mortgage Servicing Rights [Member]    
Debt Instrument [Roll Forward]    
Borrowings 0  
Repayments 0  
Capitalized deferred financing costs, net of amortization 0  
Repurchase Agreements [Member] | Servicer Advances [Member]    
Debt Instrument [Roll Forward]    
Borrowings [2] 0  
Repayments [2] 0  
Capitalized deferred financing costs, net of amortization [2] 0  
Repurchase Agreements [Member] | Real Estate Securities [Member]    
Debt Instrument [Roll Forward]    
Borrowings 9,518,606  
Repayments (8,707,760)  
Capitalized deferred financing costs, net of amortization 0  
Repurchase Agreements [Member] | Real Estate Loans and REO [Member]    
Debt Instrument [Roll Forward]    
Borrowings 356,835  
Repayments (80,774)  
Capitalized deferred financing costs, net of amortization 98  
Repurchase Agreements [Member] | Consumer Loans [Member]    
Debt Instrument [Roll Forward]    
Borrowings 0  
Repayments 0  
Capitalized deferred financing costs, net of amortization 0  
Notes Payable [Member]    
Debt Instrument [Roll Forward]    
Borrowings 2,220,907  
Repayments (2,653,967)  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization 33  
Notes Payable [Member] | Excess MSRs [Member]    
Debt Instrument [Roll Forward]    
Borrowings 610,000  
Repayments (534,891)  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization 581  
Notes Payable [Member] | Mortgage Servicing Rights [Member]    
Debt Instrument [Roll Forward]    
Borrowings 290,000  
Repayments 0  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization (527)  
Notes Payable [Member] | Servicer Advances [Member]    
Debt Instrument [Roll Forward]    
Beginning balance [1],[3] 5,549,872  
Borrowings [2] 1,320,907  
Repayments [2] (1,970,298)  
Discount on borrowings, net of amortization [2] 0  
Capitalized deferred financing costs, net of amortization [2] (451)  
Ending balance [1],[3] 4,900,030  
Notes Payable [Member] | Real Estate Securities [Member]    
Debt Instrument [Roll Forward]    
Borrowings 0  
Repayments 0  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization 0  
Notes Payable [Member] | Real Estate Loans and REO [Member]    
Debt Instrument [Roll Forward]    
Borrowings 0  
Repayments 0  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization 0  
Notes Payable [Member] | Consumer Loans [Member]    
Debt Instrument [Roll Forward]    
Beginning balance [1],[4],[5] 1,700,211  
Borrowings 0  
Repayments (148,778)  
Discount on borrowings, net of amortization 0  
Capitalized deferred financing costs, net of amortization 430  
Ending balance [1],[4],[5] $ 1,551,863  
[1] Net of deferred financing costs.
[2] New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances.
[3] $4.5 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.4%. Collateral includes Servicer Advances related to the mortgage servicing rights.
[4] Includes a $115.0 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25%.
[5] Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $1.2 billion UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024.