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FAIR VALUE MEASUREMENTS - Carrying Values and Fair Values of Financial Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Investments in:      
Excess MSRs $ 344,947 $ 410,855  
MSRs and MSR financing receivables 6,858,803 4,585,841 $ 5,686,233
Real estate and other securities 9,396,539 14,244,558  
Residential mortgage loans, held-for-sale, at fair value 11,214,924 4,705,816  
Residential mortgage loans subject to repurchase 1,787,314 [1] 1,452,005 [1] 172,336
Derivative assets 138,173 290,144  
Note receivable 290,180 52,389  
Restricted cash [2] 195,867 135,619  
Liabilities:      
Residential mortgage loan repurchase liability 12,530 26,748  
Derivative liabilities 34,583 119,762  
Excess spread financing, at fair value 0 18,420  
Recurring Basis      
Investments in:      
Excess MSRs, principal balance 80,461,630 72,688,905  
Excess MSRs, equity method investees, principal balance   28,453,512  
MSRs and MSR financing receivables, principal balance 548,613,089 435,435,827  
Servicer advance investments, principal balance 369,440 449,150  
Real estate and other securities, principal balance 24,314,300 31,869,681  
Residential mortgage loans, held-for-sale, principal balance 144,967 637,138  
Residential mortgage loans, held for sale, at fair value, principal balance 10,955,534 4,675,833  
Residential mortgage loans, held-for-investment, at fair value, principal balance 623,937 769,348  
Residential mortgage loans subject to repurchase, principal balance 1,787,314 1,452,005  
Consumer loans, principal balance 449,875 620,983  
Derivative assets, principal balance 47,080,263 38,427,601  
Mortgage loans receivable, principal balance 1,473,894    
Notes receivable, principal balance 60,373 51,575  
Loans receivable, principal balance 228,692    
Cash and cash equivalents 1,332,575 944,854  
Restricted cash 195,867 135,619  
Liabilities:      
Secured financing agreements, principal balance 20,596,842 17,552,126  
Secured notes and bonds payable, principal balance 8,676,644 7,667,239  
Unsecured senior notes, net of issuance costs, principal balance 543,293 541,516  
Residential mortgage loan repurchase liability, principal balance 1,787,314 1,452,005  
Derivative liabilities, principal balance 1,275,793 6,648,152  
Excess spread financing, principal balance   2,190,991  
Recurring Basis | Level 3      
Liabilities:      
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value 516,058 1,695,519 $ 746,737
Recurring Basis | Level 3 | Asset Backed Securities Issued      
Liabilities:      
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value 511,100 1,700,000  
Recurring Basis | Carrying Value      
Investments in:      
Excess MSRs 344,947 310,938  
Excess MSRs, equity method investees   99,917  
MSRs and MSR financing receivables 6,858,803 4,585,841  
Servicer advance investments 421,807 538,056  
Real estate and other securities 9,396,539 14,244,558  
Residential mortgage loans, held-for-sale 132,921 509,887  
Residential mortgage loans, held-for-sale, at fair value 11,214,924 4,705,816  
Residential mortgage loans, held-for-investment, at fair value 569,933 674,179  
Residential mortgage loans subject to repurchase 1,787,314 1,452,005  
Consumer loans 507,291 685,575  
Derivative assets 138,173 290,144  
Mortgage loans receivable 1,515,762    
Note receivable 60,549 52,389  
Loans receivable 229,631    
Cash and cash equivalents 1,332,575 944,854  
Restricted cash 195,867 135,619  
Other assets 39,229 48,032  
Assets, fair value 34,746,265 29,277,810  
Liabilities:      
Secured financing agreements 20,592,884 17,547,680  
Secured notes and bonds payable 8,644,810 7,644,195  
Unsecured senior notes, net of issuance costs 543,293 541,516  
Residential mortgage loan repurchase liability 1,787,314 1,452,005  
Derivative liabilities 34,583 119,762  
Excess spread financing, at fair value   18,420  
Contingent consideration 4,951 14,247  
Liabilities, fair value 31,607,835 27,337,825  
Recurring Basis | Fair Value      
Investments in:      
Excess MSRs 344,947 310,938  
Excess MSRs, equity method investees   99,917  
MSRs and MSR financing receivables 6,858,803 4,585,841  
Servicer advance investments 421,807 538,056  
Real estate and other securities 9,396,539 14,244,558  
Residential mortgage loans, held-for-sale 134,655 509,887  
Residential mortgage loans, held-for-sale, at fair value 11,214,924 4,705,816  
Residential mortgage loans, held-for-investment, at fair value 569,933 674,179  
Residential mortgage loans subject to repurchase 1,787,314 1,452,005  
Consumer loans 507,291 685,575  
Derivative assets 138,173 290,144  
Mortgage loans receivable 1,515,762    
Note receivable 60,549 49,889  
Loans receivable 229,631    
Cash and cash equivalents 1,332,575 944,854  
Restricted cash 195,867 135,619  
Other assets 39,229 48,032  
Assets, fair value 34,747,999 29,275,310  
Liabilities:      
Secured financing agreements 20,596,842 17,552,126  
Secured notes and bonds payable 8,662,463 7,651,325  
Unsecured senior notes, net of issuance costs 553,581 541,516  
Residential mortgage loan repurchase liability 1,787,314 1,452,005  
Derivative liabilities 34,583 119,762  
Excess spread financing, at fair value   18,420  
Contingent consideration 4,951 14,247  
Liabilities, fair value 31,639,734 27,349,401  
Recurring Basis | Fair Value | Level 1      
Investments in:      
Excess MSRs 0 0  
Excess MSRs, equity method investees   0  
MSRs and MSR financing receivables 0 0  
Servicer advance investments 0 0  
Real estate and other securities 0 0  
Residential mortgage loans, held-for-sale 0 0  
Residential mortgage loans, held-for-sale, at fair value 0 0  
Residential mortgage loans, held-for-investment, at fair value 0 0  
Residential mortgage loans subject to repurchase 0 0  
Consumer loans 0 0  
Derivative assets 0 0  
Mortgage loans receivable 0    
Note receivable 0 0  
Loans receivable 0    
Cash and cash equivalents 1,332,575 944,854  
Restricted cash 195,867 135,619  
Other assets 3,134 11,187  
Assets, fair value 1,531,576 1,091,660  
Liabilities:      
Secured financing agreements 0 0  
Secured notes and bonds payable 0 0  
Unsecured senior notes, net of issuance costs 0 0  
Residential mortgage loan repurchase liability 0 0  
Derivative liabilities 0 0  
Excess spread financing, at fair value   0  
Contingent consideration 0 0  
Liabilities, fair value 0 0  
Recurring Basis | Fair Value | Level 2      
Investments in:      
Excess MSRs 0 0  
Excess MSRs, equity method investees   0  
MSRs and MSR financing receivables 0 0  
Servicer advance investments 0 0  
Real estate and other securities 8,444,597 13,063,634  
Residential mortgage loans, held-for-sale 0 0  
Residential mortgage loans, held-for-sale, at fair value 9,361,520 3,059,611  
Residential mortgage loans, held-for-investment, at fair value 0 0  
Residential mortgage loans subject to repurchase 1,787,314 1,452,005  
Consumer loans 0 0  
Derivative assets 23,302 789  
Mortgage loans receivable 0    
Note receivable 0 0  
Loans receivable 0    
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Other assets 0 0  
Assets, fair value 19,616,733 17,576,039  
Liabilities:      
Secured financing agreements 20,596,842 17,552,126  
Secured notes and bonds payable 0 0  
Unsecured senior notes, net of issuance costs 0 0  
Residential mortgage loan repurchase liability 1,787,314 1,452,005  
Derivative liabilities 31,490 119,481  
Excess spread financing, at fair value   0  
Contingent consideration 0 0  
Liabilities, fair value 22,415,646 19,123,612  
Recurring Basis | Fair Value | Level 3      
Investments in:      
Excess MSRs 344,947 310,938  
Excess MSRs, equity method investees   99,917  
MSRs and MSR financing receivables 6,858,803 4,585,841  
Servicer advance investments 421,807 538,056  
Real estate and other securities 951,942 1,180,924  
Residential mortgage loans, held-for-sale 134,655 509,887  
Residential mortgage loans, held-for-sale, at fair value 1,853,404 1,646,205  
Residential mortgage loans, held-for-investment, at fair value 569,933 674,179  
Residential mortgage loans subject to repurchase 0 0  
Consumer loans 507,291 685,575  
Derivative assets 114,871 289,355  
Mortgage loans receivable 1,515,762    
Note receivable 60,549 49,889  
Loans receivable 229,631    
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Other assets 36,095 36,845  
Assets, fair value 13,599,690 10,607,611  
Liabilities:      
Secured financing agreements 0 0  
Secured notes and bonds payable 8,662,463 7,651,325  
Unsecured senior notes, net of issuance costs 553,581 541,516  
Residential mortgage loan repurchase liability 0 0  
Derivative liabilities 3,093 281  
Excess spread financing, at fair value   18,420  
Contingent consideration 4,951 14,247  
Liabilities, fair value 9,224,088 8,225,789  
Recurring Basis | Fair Value | Fair Value Measured at Net Asset Value Per Share      
Investments in:      
Other assets $ 28,700 $ 31,800  
[1] See Note 6 for details.
[2] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (New Residential). As of December 31, 2021, and December 31, 2020, total assets of consolidated VIEs were $2.8 billion and $2.7 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $2.1 billion, respectively. See Note 15 for further details.