XML 81 R70.htm IDEA: XBRL DOCUMENT v3.5.0.2
INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
bond
security
Dec. 31, 2015
USD ($)
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 7,249,437  
Other Than Temporary Impairment - Amortized Cost Basis (11,317) $ (6,239)
After Impairment - Amortized Cost Basis 4,503,259  
Carrying Value - Total $ 4,554,657  
Weighted Average Life (Years) 1 year 1 month 1 day  
Number of bonds which New Residential was unable to obtain rating information | bond 97  
Securities in an Unrealized Loss Position Less than Twelve Months [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 3,798,199  
Before Impairment - Amortized Cost Basis 2,320,891  
Other Than Temporary Impairment - Amortized Cost Basis [1] (1,762)  
After Impairment - Amortized Cost Basis 2,319,129  
Gross Unrealized Losses - Less than Twelve Months (17,704)  
Carrying Value - Less than Twelve Months $ 2,301,425  
Number of Securities - Less than Twelve Months | security 152  
Weighted Average Rating [2] A  
Weighted Average Coupon 2.84%  
Weighted Average Yield 2.88%  
Weighted Average Life (Years) 4 years 7 months 15 days  
Number of bonds which New Residential was unable to obtain rating information | bond 44  
Securities in an Unrealized Loss Position Twelve Months or More [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 260,497  
Before Impairment - Amortized Cost Basis 198,595  
Other Than Temporary Impairment - Amortized Cost Basis [1] (1,057)  
After Impairment - Amortized Cost Basis 197,538  
Gross Unrealized Losses - Twelve or More Months (3,705)  
Carrying Value - Twelve or More Months $ 193,833  
Number of Securities - Twelve or More Months | security 39  
Weighted Average Rating [2] A  
Weighted Average Coupon 2.26%  
Weighted Average Yield 2.34%  
Weighted Average Life (Years) 5 years 3 months 7 days  
Number of bonds which New Residential was unable to obtain rating information | bond 5  
Securities in a Loss Position [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 4,058,696  
Before Impairment - Amortized Cost Basis 2,519,486  
Other Than Temporary Impairment - Amortized Cost Basis [1] (2,819)  
After Impairment - Amortized Cost Basis 2,516,667  
Gross Unrealized Losses - Total (21,409)  
Carrying Value - Total $ 2,495,258  
Number of Securities - Total | security 191  
Weighted Average Rating [2] A  
Weighted Average Coupon 2.80%  
Weighted Average Yield 2.84%  
Weighted Average Life (Years) 4 years 8 months 3 days  
[1] This amount represents OTTI recorded on securities that are in an unrealized loss position as of June 30, 2016.
[2] The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 44 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 5 bonds which either have never been rated or for which rating information is no longer provided.