SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Unaudited Summary Information

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

2019	Quarter Ended												Year Ended December 31
	March 31			June 30			September 30			December 31
Interest income	$	438,867		$	416,047		$	448,127		$	463,089		$	1,766,130
Interest expense	212,832			228,004			245,902			247,013			933,751
Net interest income	226,035			188,043			202,225			216,076			832,379
Impairment
Other-than-temporary impairment (OTTI) on securities	7,516			8,859			5,567			3,232			25,174
Valuation and loss provision (reversal) on loans and real estate owned	5,280			13,452			(10,690		)	2,361			10,403
	12,796			22,311			(5,123		)	5,593			35,577
Net interest income after impairment	213,239			165,732			207,348			210,483			796,802
Servicing revenue, net	165,853			(85,537		)	53,050			251,793			385,159
Gain on originated mortgage loans, held-for-sale, net	67,170			101,018			126,747			180,520			475,455
Other income (loss)(A)	(63,966		)	(25,947		)	102,640			(53,826		)	(41,099		)
Operating Expenses	180,387			201,863			250,565			335,803			968,618
Income (Loss) Before Income Taxes	201,909			(46,597		)	239,220			253,167			647,699
Income tax (benefit) expense	45,997			(21,577		)	(5,440		)	22,786			41,766
Net Income (Loss)	$	155,912		$	(25,020	)	$	244,660		$	230,381		$	605,933
Noncontrolling Interests in Income of Consolidated Subsidiaries	$	10,318		$	6,923		$	14,738		$	10,658		$	42,637
Dividends on Preferred Stock	$	—		$	—		$	5,338		$	7,943		$	13,281
Net Income (Loss) Attributable to Common Stockholders	$	145,594		$	(31,943	)	$	224,584		$	211,780		$	550,015
Net Income (Loss) Per Share of Common Stock
Basic	$	0.37		$	(0.08	)	$	0.54		$	0.51		$	1.35
Diluted	$	0.37		$	(0.08	)	$	0.54		$	0.51		$	1.34
Weighted Average Number of Shares of Common Stock Outstanding
Basic	388,279,931			415,463,757			415,520,780			415,520,780			408,789,642
Diluted	388,601,075			415,665,460			415,588,238			415,673,185			408,990,107
Dividends Declared per Share of Common Stock	$	0.50		$	0.50		$	0.50		$	0.50		$	2.00

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 originated mortgage loans, held-for-sale, net	—			—			47,054			49,091			96,145
Other income (loss)(A)	264,524			(96,812		)	(84,620		)	(134,477		)	(51,385		)
Operating Expenses	107,817			119,753			192,107			189,727			609,404
Income (Loss) 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

(A)

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