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CONSUMER LOANS (Tables)
 6 Months Ended
Jun. 30, 2021
Investments In Consumer Loans Equity Method Investees [Abstract]  
Summary of the Investment in Consumer Loan Companies
The following table summarizes consumer loans, held-for-investment, at fair value:
Unpaid Principal BalanceInterest in Consumer LoansCarrying ValueWeighted Average Coupon
Weighted Average Expected Life (Years)(A)
Weighted Average Delinquency(B)
June 30, 2021
Consumer Loan Companies
Performing Loans$418,959 53.5 %$479,021 18.4 %3.33.0 %
Purchased Credit Deteriorated Loans(C)
108,635 53.5 %112,280 14.2 %3.36.2 %
Other - Performing Loans960 100.0 %825 15.5 %0.37.9 %
Total Consumer Loans$528,554 $592,126 17.6 %3.33.6 %
December 31, 2020
Consumer Loan Companies
Performing Loans$490,222 53.5 %$553,419 18.3 %3.63.7 %
Purchased Credit Deteriorated Loans(C)
127,899 53.5 %129,513 14.1 %3.57.4 %
Other - Performing Loans2,862 100.0 %2,643 15.3 %0.44.3 %
Total Consumer Loans$620,983 $685,575 17.4 %3.64.4 %
(A)Represents the weighted average expected timing of the receipt of expected cash flows for this investment.
(B)Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties.
(C)Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments.
Schedule Of Consumer Loans, Held-For-Investment
The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate fair value of consumer loans:
June 30, 2021December 31, 2020
Days Past DueUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal BalanceUnpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal Balance
Under 90 days$521,060 $583,825 $62,765 $611,978 $675,691 $63,713 
90+7,494 8,301 807 9,005 9,884 879 
$528,554 $592,126 $63,572 $620,983 $685,575 $64,592 
Schedule of Carrying Value of Performing Consumer Loans
Activities related to consumer loans were as follows:
Balance at December 31, 2020$685,575 
Additional fundings(A)
13,544 
Proceeds from repayments(109,067)
Accretion of loan discount and premium amortization, net9,705 
Fair value adjustment due to:
Changes in instrument-specific credit risk16,465 
Other factors(24,096)
Balance at June 30, 2021$592,126 
(A)Represents draws on consumer loans with revolving privileges.