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INCOME TAXES (Details Narrative) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | 24 Months Ended | 12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2010
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Dec. 31, 2013
TRSs
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Dec. 31, 2012
TRSs
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Dec. 31, 2011
TRSs
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Dec. 31, 2011
Restated
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| REIT Distribution Threshold for Nontaxation | 90.00% | 90.00% | |||||||||
| Net Income Distributed | 100.00% | 100.00% | 100.00% | ||||||||
| New Residential common stock value per share | $ 6.89 | ||||||||||
| Repurchase of debt | $ 35,900 | $ 39,300 | $ 787,800 | $ 188,900 | |||||||
| Gain on extinguishment of debt | 4,600 | 24,100 | 521,100 | 88,100 | |||||||
| GAAP gain | 23,200 | 66,100 | |||||||||
| Face value of debt repurchased related to GAAP portion | 34,100 | 171,800 | |||||||||
| Debt cancelled in securitization | 101,900 | ||||||||||
| Loss carryforward | 750,200 | ||||||||||
| Net operating loss carryforwards | 540,200 | ||||||||||
| Income tax expense | 887 | 1,213 | 2,100 | 2,100 | 0 | 0 | |||||
| Increase in valuation allowance | $ (4,349) | ||||||||||
| X | ||||||||||
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- Definition
The face value of repurchased CDO debt and junior subordinated notes for which the gain is GAAP gain. No definition available.
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| X | ||||||||||
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- Definition
Amount of capital and operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. No definition available.
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| X | ||||||||||
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- Definition
The percentage of net income disbursed to shareholders during the period. No definition available.
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| X | ||||||||||
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- Definition
The value of common stock of New Residential distributed during the period. No definition available.
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| X | ||||||||||
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- Definition
The threshold rate of income to be distributed by the company to stockholders by prescribed dates, that will generally allow the company to not be subject to US federal corporate income taxes. Other requirements also must be met. No definition available.
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| X | ||||||||||
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- Definition
The taxable portion of the gain recognized on the repurchase of CDO debt and junior subordinated notes. No definition available.
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| X | ||||||||||
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- Definition
Decrease for amounts of indebtedness forgiven by the holder of the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
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| X | ||||||||||
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- Definition
The net increase (decrease) in the valuation allowance for servicing assets subsequently measured using the amortization method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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