XML 105 R88.htm IDEA: XBRL DOCUMENT v3.8.0.1
INVESTMENTS IN CONSUMER LOANS - Consumer Loan Investments made through Equity Method Investees (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Apr. 01, 2016
Schedule of Equity Method Investments [Line Items]      
Carrying Value [1] $ 1,467,933 $ 1,799,486  
Weighted Average Life (Years) 1 year 3 months 1 day    
Performing Loans      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance   177,400  
New Residential Investment Corp. | SpringCastle      
Schedule of Equity Method Investments [Line Items]      
Interest in Consumer Loans     53.50%
Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 9,500    
Consumer Portfolio Segment | New Residential Investment Corp. | SpringCastle | Performing Loans      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 1,064,345 $ 1,275,121  
Interest in Consumer Loans 53.50% 53.50%  
Carrying Value $ 1,111,493 $ 1,321,825  
Weighted Average Coupon 18.70% 18.70%  
Weighted Average Life (Years) 3 years 9 months 25 days 4 years 2 months 12 days  
Weighted Average Delinquency 5.70% 6.30%  
Consumer Portfolio Segment | New Residential Investment Corp. | SpringCastle | Purchased Credit Deteriorated Loans      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 302,093 $ 371,261  
Interest in Consumer Loans 53.50% 53.50%  
Carrying Value $ 254,005 $ 316,532  
Weighted Average Coupon 16.30% 16.60%  
Weighted Average Life (Years) 3 years 4 months 30 days 3 years 7 months 6 days  
Weighted Average Delinquency 12.40% 14.00%  
Consumer Portfolio Segment | New Residential Investment Corp. | Prosper | Other - Performing Loans      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 106,535 $ 163,570  
Interest in Consumer Loans 100.00% 100.00%  
Carrying Value $ 102,435 $ 161,129  
Weighted Average Coupon 14.20% 14.20%  
Weighted Average Life (Years) 1 year 30 days 1 year 6 months  
Weighted Average Delinquency 3.40% 0.30%  
Consumer Portfolio Segment | New Residential Investment Corp. | SpringCastle and Prosper      
Schedule of Equity Method Investments [Line Items]      
Unpaid Principal Balance $ 1,472,973 $ 1,809,952  
Carrying Value $ 1,467,933 $ 1,799,486  
Weighted Average Coupon 17.90% 17.90%  
Weighted Average Life (Years) 3 years 6 months 14 days 3 years 9 months 18 days  
Weighted Average Delinquency 6.90% 7.30%  
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6), the RPL Borrowers (Note 8), and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments, residential mortgage loans, and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, the RPL Borrowers and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.