SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Unaudited Summary Information

The following is an unaudited summary information on New Residential’s quarterly operations.

2018	Quarter Ended												Year Ended December 31
	March 31			June 30			September 30			December 31
Interest income	$	383,573		$	403,805		$	425,524		$	451,321		$	1,664,223
Interest expense	124,387			133,916			162,806			185,324			606,433
Net interest income	259,186			269,889			262,718			265,997			1,057,790
Impairment
Other-than-temporary impairment (OTTI) on securities	6,670			12,631			3,889			6,827			30,017
Valuation and loss provision (reversal) on loans and real estate owned	19,007			3,658			5,471			32,488			60,624
	25,677			16,289			9,360			39,315			90,641
Net interest income after impairment	233,509			253,600			253,358			226,682			967,149
Servicing revenue, net	217,236			146,193			175,355			(10,189		)	528,595
Gain on sale of originated mortgage loans, net	—			—			45,732			43,285			89,017
Other income (loss)(A)	264,524			(96,812		)	(83,298		)	(128,671		)	(44,257		)
Operating Expenses	107,817			119,753			192,107			189,727			609,404
Income Before Income Taxes	607,452			183,228			199,040			(58,620		)	931,100
Income tax (benefit) expense	(6,912		)	(2,608		)	3,563			(67,474		)	(73,431		)
Net Income	$	614,364		$	185,836		$	195,477		$	8,854		$	1,004,531
Noncontrolling Interests in Income of Consolidated Subsidiaries	$	10,111		$	11,078		$	10,869		$	8,506		$	40,564
Net Income Attributable to Common Stockholders	$	604,253		$	174,758		$	184,608		$	348		$	963,967
Net Income Per Share of Common Stock
Basic	$	1.83		$	0.52		$	0.54		$	—		$	2.82
Diluted	$	1.81		$	0.51		$	0.54		$	—		$	2.81
Weighted Average Number of Shares of Common Stock Outstanding
Basic	330,384,856			336,311,253			340,044,440			358,044,646			341,268,923
Diluted	333,380,436			339,538,503			340,868,403			358,509,094			343,137,361
Dividends Declared per Share of Common Stock	$	0.50		$	0.50		$	0.50		$	0.50		$	2.00

2017	Quarter Ended									Year Ended December 31
	March 31			June 30		September 30		December 31
Interest income	$	292,538		$	471,952	$	397,722	$	357,467	$	1,519,679
Interest expense	98,229			115,157		125,278		122,201		460,865
Net interest income	194,309			356,795		272,444		235,266		1,058,814
Impairment
Other-than-temporary impairment (OTTI) on securities	2,112			5,115		1,509		1,598		10,334
Valuation and loss provision (reversal) on loans and real estate owned	17,910			20,771		26,700		10,377		75,758
	20,022			25,886		28,209		11,975		86,092
Net interest income after impairment	174,287			330,909		244,235		223,291		972,722
Servicing revenue, net	40,602			170,851		58,014		154,882		424,349
Other (loss) income(A)	(3,694		)	57,847		87,145		66,488		207,786
Operating Expenses	68,441			139,360		117,060		97,716		422,577
Income Before Income Taxes	142,754			420,247		272,334		346,945		1,182,280
Income tax expense	5,596			82,844		32,613		46,575		167,628
Net Income	$	137,158		$	337,403	$	239,721	$	300,370	$	1,014,652
Noncontrolling Interests in Income of Consolidated Subsidiaries	$	15,780		$	15,671	$	13,600	$	12,068	$	57,119
Net Income Attributable to Common Stockholders	$	121,378		$	321,732	$	226,121	$	288,302	$	957,533
Net Income Per Share of Common Stock
Basic	$	0.42		$	1.05	$	0.74	$	0.94	$	3.17
Diluted	$	0.42		$	1.04	$	0.73	$	0.93	$	3.15
Weighted Average Number of Shares of Common Stock Outstanding
Basic	286,600,324			307,344,874		307,361,309		307,361,309		302,238,065
Diluted	288,241,188			309,392,512		309,207,345		310,388,102		304,381,388
Dividends Declared per Share of Common Stock	$	0.48		$	0.50	$	0.50	$	0.50	$	1.98

(A) Earnings from investments in equity method investees is included in other income.