XML 96 R85.htm IDEA: XBRL DOCUMENT v3.7.0.1
INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Investments made through Equity Method Investees (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Apr. 01, 2016
Schedule of Equity Method Investments [Line Items]      
Weighted Average Life (Years) 1 year 6 months 23 days    
Performing Loans [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance   $ 177,400  
New Residential Investment Corp. [Member] | SpringCastle [Member]      
Schedule of Equity Method Investments [Line Items]      
Parent's ownership percentage     53.50%
Consumer Portfolio Segment [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 6,300    
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle [Member] | Performing Loans [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance [1] $ 1,197,647 $ 1,275,121  
Parent's ownership percentage 53.50% 53.50%  
Carrying value $ 1,244,661 $ 1,321,825  
Weighted Average Coupon [2] 18.70% 18.70%  
Weighted Average Life (Years) [3] 4 years 1 month 2 days 4 years 2 months 12 days  
Delinquency 6.20% 6.30%  
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle [Member] | Non-Performing Loans [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance [1] $ 345,804 $ 371,261  
Parent's ownership percentage 53.50% 53.50%  
Carrying value $ 291,693 $ 316,532  
Weighted Average Coupon [2] 16.50% 16.60%  
Weighted Average Life (Years) [3] 3 years 6 months 7 days 3 years 7 months 6 days  
Delinquency 13.80% 14.00%  
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | Prosper [Member] | Consumer Loan, Other [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance [1] $ 146,149 $ 163,570  
Parent's ownership percentage 100.00% 100.00%  
Carrying value $ 143,464 $ 161,129  
Weighted Average Coupon [2] 14.20% 14.20%  
Weighted Average Life (Years) [3] 1 year 3 months 30 days 1 year 6 months  
Delinquency 1.80% 0.30%  
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle and Prosper [Member]      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 1,689,600 [1] $ 1,809,952  
Carrying value $ 1,679,818 $ 1,799,486  
Weighted Average Coupon [2] 17.90% 17.90%  
Weighted Average Life (Years) [3] 3 years 9 months 2 days 3 years 9 months 18 days  
Delinquency 7.40% 7.30%  
[1] Represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[2] Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties.
[3] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments, which are accounted for as PCD loans.