SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2018

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:

				Residential Securities and Loans
	Servicing and Originations			Real Estate Securities			Residential Mortgage Loans			Consumer Loans		Corporate			Total
Year Ended December 31, 2018
Interest income	$	723,965		$	573,539		$	158,892		$	206,321	$	1,506		$	1,664,223
Interest expense	242,345			240,615			80,910			42,563		—			606,433
Net interest income	481,620			332,924			77,982			163,758		1,506			1,057,790
Impairment	—			30,017			12,061			48,563		—			90,641
Servicing revenue, net	528,595			—			—			—		—			528,595
Gain on sale of originated mortgage loans, net	89,017			—			—			—		—			89,017
Other income (loss)	12,654			(72,926		)	16,456			9,965		(10,406		)	(44,257		)
Operating expenses	360,889			1,554			32,424			35,230		179,307			609,404
Income (Loss) Before Income Taxes	750,997			228,427			49,953			89,930		(188,207		)	931,100
Income tax (benefit) expense	(8,364		)	—			(65,279		)	212		—			(73,431		)
Net Income (Loss)	$	759,361		$	228,427		$	115,232		$	89,718	$	(188,207	)	$	1,004,531
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	3,577		$	—		$	—		$	36,987	$	—		$	40,564
Net income (loss) attributable to common stockholders	$	755,784		$	228,427		$	115,232		$	52,731	$	(188,207	)	$	963,967

			Residential Securities and Loans
	Servicing and Originations		Real Estate Securities		Residential Mortgage Loans		Consumer Loans		Corporate			Total
December 31, 2018
Investments	$	6,738,923	$	11,636,581	$	3,832,701	$	1,110,496	$	—		$	23,318,701
Cash and cash equivalents	236,871		49		927		8,279		4,932			251,058
Restricted cash	126,401		—		—		37,619		—			164,020
Other assets	3,510,192		4,080,202		131,282		64,802		146,111			7,932,589
Goodwill	24,645		—		—		—		—			24,645
Total assets	$	10,637,032	$	15,716,832	$	3,964,910	$	1,221,196	$	151,043		$	31,691,013
Debt	$	6,815,112	$	11,615,364	$	3,191,859	$	1,033,900	$	—		$	22,656,235
Other liabilities	520,215		2,111,868		8,916		13,572		291,912			2,946,483
Total liabilities	7,335,327		13,727,232		3,200,775		1,047,472		291,912			25,602,718
Total equity	3,301,705		1,989,600		764,135		173,724		(140,869		)	6,088,295
Noncontrolling interests in equity of consolidated subsidiaries	60,064		—		—		30,561		—			90,625
Total New Residential stockholders’ equity	$	3,241,641	$	1,989,600	$	764,135	$	143,163	$	(140,869	)	$	5,997,670
Investments in equity method investees	$	147,964	$	—	$	—	$	38,294	$	—		$	186,258

			Residential Securities and Loans
	Servicing and Originations		Real Estate Securities			Residential Mortgage Loans		Consumer Loans		Corporate			Total
Year Ended December 31, 2017
Interest income	$	713,413	$	431,706		$	110,087	$	263,844	$	629		$	1,519,679
Interest expense	233,587		122,997			51,473		52,808		—			460,865
Net interest income (expense)	479,826		308,709			58,614		211,036		629			1,058,814
Impairment	—		10,334			12,593		63,165		—			86,092
Servicing revenue, net	424,349		—			—		—		—			424,349
Gain on sale of originated mortgage loans, net	—		—			—		—		—			—
Other income (loss)	174,561		(16,371		)	16,175		28,075		5,346			207,786
Operating expenses	186,330		1,471			31,529		43,552		159,695			422,577
Income (Loss) Before Income Taxes	892,406		280,533			30,667		132,394		(153,720		)	1,182,280
Income tax (benefit) expense	166,186		—			1,272		170		—			167,628
Net Income (Loss)	$	726,220	$	280,533		$	29,395	$	132,224	$	(153,720	)	$	1,014,652
Noncontrolling interests in income (loss) of consolidated subsidiaries	$	11,227	$	—		$	—	$	45,892	$	—		$	57,119
Net income (loss) attributable to common stockholders	$	714,993	$	280,533		$	29,395	$	86,332	$	(153,720	)	$	957,533

			Residential Securities and Loans
	Servicing and Originations		Real Estate Securities		Residential Mortgage Loans		Consumer Loans		Corporate			Total
December 31, 2017
Investments	$	7,707,089	$	8,071,140	$	2,544,984	$	1,425,675	$	—		$	19,748,888
Cash and cash equivalents	183,306		38,728		15,483		40,687		17,594			295,798
Restricted cash	104,123		—		—		46,129		—			150,252
Other assets	747,997		1,098,921		113,035		28,621		30,050			2,018,624
Goodwill	—		—		—		—		—			—
Total assets	$	8,742,515	$	9,208,789	$	2,673,502	$	1,541,112	$	47,644		$	22,213,562
Debt	$	5,771,369	$	6,534,300	$	2,108,007	$	1,332,854	$	—		$	15,746,530
Other liabilities	189,840		1,200,905		23,917		6,596		249,612			1,670,870
Total liabilities	5,961,209		7,735,205		2,131,924		1,339,450		249,612			17,417,400
Total equity	2,781,306		1,473,584		541,578		201,662		(201,968		)	4,796,162
Noncontrolling interests in equity of consolidated subsidiaries	71,491		—		—		34,466		—			105,957
Total New Residential stockholders’ equity	$	2,709,815	$	1,473,584	$	541,578	$	167,196	$	(201,968	)	$	4,690,205
Investments in equity method investees	$	171,765	$	—	$	—	$	51,412	$	—		$	223,177

			Residential Securities and Loans
	Servicing and Originations		Real Estate Securities			Residential Mortgage Loans		Consumer Loans		Corporate			Total
Year Ended December 31, 2016
Interest income	$	519,950	$	265,862		$	56,249	$	232,750	$	1,924		$	1,076,735
Interest expense	244,039		49,283			25,675		54,427		—			373,424
Net interest income (expense)	275,911		216,579			30,574		178,323		1,924			703,311
Impairment	—		10,264			23,870		53,846		—			87,980
Servicing revenue, net	118,169		—			—		—		—			118,169
Gain on sale of originated mortgage loans, net	—		—			—		—		—			—
Other income (loss)	6,774		(47,747		)	26,779		76,518		13			62,337
Operating expenses	15,676		1,480			14,961		39,466		102,627			174,210
Income (Loss) Before Income Taxes	385,178		157,088			18,522		161,529		(100,690		)	621,627
Income tax (benefit) expense	36,719		—			2,117		75		—			38,911
Net Income (Loss)	$	348,459	$	157,088		$	16,405	$	161,454	$	(100,690	)	$	582,716
Noncontrolling interests in income of consolidated subsidiaries	$	40,136	$	—		$	—	$	38,127	$	—		$	78,263
Net income (loss) attributable to common stockholders	$	308,323	$	157,088		$	16,405	$	123,327	$	(100,690	)	$	504,453