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RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
 
The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income:
Three Months Ended
June 30,
Six Months Ended
June 30,
Accumulated Other Comprehensive Income Components
Statement of Income Location
2020201920202019
Reclassification of net realized (gain) loss on securities into earnings
Gain (loss) on settlement of investments, net
$(6,669) $(41,023) $(761,209) $(106,219) 
Reclassification of net realized (gain) loss on securities into earnings
Provision (reversal) for credit losses on securities
(25,134) 8,859  19,015  16,375  
Total reclassifications$(31,803) $(32,164) $(742,194) $(89,844) 

New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented, as no taxable subsidiary generated other comprehensive income.