SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2017
Interest income	$	25,691		$	31,707	$	130,796	$	114,181		$	31,645		$	63,527	$	175		$	397,722
Interest expense	10,225			15,262		35,931		35,211			15,487			13,162		—			125,278
Net interest income (expense)	15,466			16,445		94,865		78,970			16,158			50,365		175			272,444
Impairment	—			—		—		1,509			14,099			12,601		—			28,209
Servicing revenue, net	—			58,014		—		—			—			—		—			58,014
Other income (loss)	(12,034		)	70,047		18,732		(6,035		)	2,653			6,796		6,986			87,145
Operating expenses	152			53,634		1,212		351			9,759			10,764		41,188			117,060
Income (Loss) Before Income Taxes	3,280			90,872		112,385		71,075			(5,047		)	33,796		(34,027		)	272,334
Income tax expense (benefit)	—			11,156		31,097		—			(9,640		)	—		—			32,613
Net Income (Loss)	$	3,280		$	79,716	$	81,288	$	71,075		$	4,593		$	33,796	$	(34,027	)	$	239,721
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	—	$	1,224	$	—		$	—		$	12,376	$	—		$	13,600
Net income (loss) attributable to common stockholders	$	3,280		$	79,716	$	80,064	$	71,075		$	4,593		$	21,420	$	(34,027	)	$	226,121

	Servicing Related Assets								Residential Securities and Loans
	Excess MSRs			MSRs			Servicer Advances		Real Estate Securities			Residential Mortgage Loans			Consumer Loans		Corporate			Total
Nine Months Ended September 30, 2017
Interest income	$	75,237		$	34,267		$	451,808	$	321,464		$	75,276		$	203,631	$	529		$	1,162,212
Interest expense	29,302			26,849			120,527		85,663			34,655			41,668		—			338,664
Net interest income (expense)	45,935			7,418			331,281		235,801			40,621			161,963		529			823,548
Impairment	—			—			—		8,736			17,342			48,039		—			74,117
Servicing revenue, net	—			269,467			—		—			—			—		—			269,467
Other income (loss)	(25,049		)	75,856			75,307		(27,005		)	22,491			12,712		6,986			141,298
Operating expenses	350			132,675			2,641		979			24,018			33,746		130,452			324,861
Income (Loss) Before Income Taxes	20,536			220,066			403,947		199,081			21,752			92,890		(122,937		)	835,335
Income tax expense (benefit)	—			(789		)	128,836		—			(7,164		)	170		—			121,053
Net Income (Loss)	$	20,536		$	220,855		$	275,111	$	199,081		$	28,916		$	92,720	$	(122,937	)	$	714,282
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	—		$	10,372	$	—		$	—		$	34,679	$	—		$	45,051
Net income (loss) attributable to common stockholders	$	20,536		$	220,855		$	264,739	$	199,081		$	28,916		$	58,041	$	(122,937	)	$	669,231

	Servicing Related Assets						Residential Securities and Loans
	Excess MSRs		MSRs		Servicer Advances		Real Estate Securities		Residential Mortgage Loans		Consumer Loans		Corporate			Total
September 30, 2017
Investments	$	1,353,941	$	2,310,145	$	4,044,802	$	6,714,846	$	2,236,259	$	1,514,255	$	—		$	18,174,248
Cash and cash equivalents	210		132,361		74,993		3,341		4,747		33,430		30,678			279,760
Restricted cash	12,360		28,839		60,615		—		—		50,233		—			152,047
Other assets	8,757		712,765		44,312		1,840,028		126,767		31,632		34,517			2,798,778
Total assets	$	1,375,268	$	3,184,110	$	4,224,722	$	8,558,215	$	2,367,773	$	1,629,550	$	65,195		$	21,404,833
Debt	$	583,415	$	1,672,101	$	3,567,862	$	6,003,165	$	1,830,731	$	1,427,721	$	—		$	15,084,995
Other liabilities	1,042		241,919		23,542		1,092,745		34,542		6,308		240,536			1,640,634
Total liabilities	584,457		1,914,020		3,591,404		7,095,910		1,865,273		1,434,029		240,536			16,725,629
Total equity	790,811		1,270,090		633,318		1,462,305		502,500		195,521		(175,341		)	4,679,204
Noncontrolling interests in equity of consolidated subsidiaries	—		—		73,316		—		—		34,276		—			107,592
Total New Residential stockholders’ equity	$	790,811	$	1,270,090	$	560,002	$	1,462,305	$	502,500	$	161,245	$	(175,341	)	$	4,571,612
Investments in equity method investees	$	175,633	$	—	$	—	$	—	$	—	$	46,322	$	—		$	221,955

	Servicing Related Assets					Residential Securities and Loans
	Excess MSRs			Servicer Advances		Real Estate Securities		Residential Mortgage Loans			Consumer Loans		Corporate			Total
Three Months Ended September 30, 2016
Interest income	$	30,617		$	101,359	$	58,855	$	13,947		$	77,231	$	379		$	282,388
Interest expense	4,002			54,802		13,008		6,153			18,523		—			96,488
Net interest income (expense)	26,615			46,557		45,847		7,794			58,708		379			185,900
Impairment	—			—		1,765		(291		)	18,566		—			20,040
Servicing revenue, net	—			—		—		—			—		—			—
Other income (loss)	(10,052		)	21,430		1,392		13,931			—		—			26,701
Operating expenses	536			1,029		369		4,251			11,976		22,414			40,575
Income (Loss) Before Income Taxes	16,027			66,958		45,105		17,765			28,166		(22,035		)	151,986
Income tax expense (benefit)	—			16,348		—		4,556			—		(4		)	20,900
Net Income (Loss)	$	16,027		$	50,610	$	45,105	$	13,209		$	28,166	$	(22,031	)	$	131,086
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	18,853	$	—	$	—		$	13,325	$	—		$	32,178
Net income (loss) attributable to common stockholders	$	16,027		$	31,757	$	45,105	$	13,209		$	14,841	$	(22,031	)	$	98,908

	Servicing Related Assets					Residential Securities and Loans
	Excess MSRs			Servicer Advances		Real Estate Securities			Residential Mortgage Loans		Consumer Loans		Corporate			Total
Nine Months Ended September 30, 2016
Interest income	$	106,848		$	265,119	$	172,982		$	47,712	$	155,541	$	1,699		$	749,901
Interest expense	12,117			176,672		31,425			20,447		37,740		—			278,401
Net interest income (expense)	94,731			88,447		141,557			27,265		117,801		1,699			471,500
Impairment	—			—		7,838			7,309		34,536		—			49,683
Servicing revenue, net	—			—		—			—		—		—			—
Other income (loss)	(14,234		)	9,103		(59,472		)	22,295		81,193		15			38,900
Operating expenses	1,066			3,076		1,307			11,194		26,194		59,034			101,871
Income (Loss) Before Income Taxes	79,431			94,474		72,940			31,057		138,264		(57,320		)	358,846
Income tax expense (benefit)	—			13,743		—			4,377		75		—			18,195
Net Income (Loss)	$	79,431		$	80,731	$	72,940		$	26,680	$	138,189	$	(57,320	)	$	340,651
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	—		$	33,400	$	—		$	—	$	27,955	$	—		$	61,355
Net income (loss) attributable to common stockholders	$	79,431		$	47,331	$	72,940		$	26,680	$	110,234	$	(57,320	)	$	279,296