SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2017

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		MSRs			Servicer Advances		Real Estate Securities			Residential Mortgage Loans			Consumer Loans		Corporate			Total
Three Months Ended March 31, 2017
Interest income	$	31,418	$	25		$	76,704	$	93,808		$	17,993		$	72,406	$	184		$	292,538
Interest expense	10,072		987			43,876		20,881			7,540			14,873		—			98,229
Net interest income (expense)	21,346		(962		)	32,828		72,927			10,453			57,533		184			194,309
Impairment	—		—			—		2,112			(2,018		)	19,928		—			20,022
Servicing revenue, net	—		40,602			—		—			—			—		—			40,602
Other income (loss)	1,204		213			1,801		(5,596		)	(1,336		)	20		—			(3,694		)
Operating expenses	86		19,723			824		331			5,853			11,438		30,186			68,441
Income (Loss) Before Income Taxes	22,464		20,130			33,805		64,888			5,282			26,187		(30,002		)	142,754
Income tax expense (benefit)	—		(1,279		)	9,192		—			(2,317		)	—		—			5,596
Net Income (Loss)	$	22,464	$	21,409		$	24,613	$	64,888		$	7,599		$	26,187	$	(30,002	)	$	137,158
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	—		$	5,820	$	—		$	—		$	9,960	$	—		$	15,780
Net income (loss) attributable to common stockholders	$	22,464	$	21,409		$	18,793	$	64,888		$	7,599		$	16,227	$	(30,002	)	$	121,378

	Servicing Related Assets						Residential Securities and Loans
	Excess MSRs		MSRs		Servicer Advances		Real Estate Securities		Residential Mortgage Loans		Consumer Loans		Corporate			Total
March 31, 2017
Investments	$	1,555,211	$	1,694,792	$	5,137,320	$	5,838,595	$	1,320,454	$	1,679,818	$	—		$	17,226,190
Cash and cash equivalents	819		116,402		88,266		1,176		6,392		13,706		9,796			236,557
Restricted cash	16,664		4,166		73,772		—		—		63,771		—			158,373
Other assets	2,417		115,686		168,098		1,921,221		99,100		87,072		15,273			2,408,867
Total assets	$	1,575,111	$	1,931,046	$	5,467,456	$	7,760,992	$	1,425,946	$	1,844,367	$	25,069		$	20,029,987
Debt	$	804,835	$	341,896	$	5,013,133	$	4,974,549	$	1,059,165	$	1,641,636	$	—		$	13,835,214
Other liabilities	2,311		187,112		21,392		1,474,360		25,514		7,054		175,270			1,893,013
Total liabilities	807,146		529,008		5,034,525		6,448,909		1,084,679		1,648,690		175,270			15,728,227
Total equity	767,965		1,402,038		432,931		1,312,083		341,267		195,677		(150,201		)	4,301,760
Noncontrolling interests in equity of consolidated subsidiaries	—		—		164,702		—		—		34,946		—			199,648
Total New Residential stockholders’ equity	$	767,965	$	1,402,038	$	268,229	$	1,312,083	$	341,267	$	160,731	$	(150,201	)	$	4,102,112
Investments in equity method investees	$	185,870	$	—	$	—	$	—	$	—	$	41,314	$	—		$	227,184

	Servicing Related Assets					Residential Securities and Loans
	Excess MSRs		Servicer Advances			Real Estate Securities			Residential Mortgage Loans			Consumer Loans			Corporate			Total
Three Months Ended March 31, 2016
Interest income	$	42,968	$	80,967		$	45,913		$	19,493		$	1		$	694		$	190,036
Interest expense	2,934		63,075			7,484			7,390			345			—			81,228
Net interest income (expense)	40,034		17,892			38,429			12,103			(344		)	694			108,808
Impairment	—		—			3,254			6,745			—			—			9,999
Servicing revenue, net	—		—			—			—			—			—			—
Other income (loss)	11,693		(27,391		)	(36,461		)	2,873			81,193			15			31,922
Operating expenses	232		994			461			4,334			1,604			17,391			25,016
Income (Loss) Before Income Taxes	51,495		(10,493		)	(1,747		)	3,897			79,245			(16,682		)	105,715
Income tax expense (benefit)	—		(10,002		)	—			(221		)	—			—			(10,223		)
Net Income (Loss)	$	51,495	$	(491	)	$	(1,747	)	$	4,118		$	79,245		$	(16,682	)	$	115,938
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—	$	4,202		$	—		$	—		$	—		$	—		$	4,202
Net income (loss) attributable to common stockholders	$	51,495	$	(4,693	)	$	(1,747	)	$	4,118		$	79,245		$	(16,682	)	$	111,736