Home About Us Strategy & Portfolio News Investors Contact Income Statement FINANCIAL INFO Financial Results Income Statement Balance Sheet Cash Flow Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands 3 Months Ended 9 Months Ended Sep. 30, 2021 Sep. 30, 2020 Sep. 30, 2021 Sep. 30, 2020 Revenues Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 398,645 $ 450,859 $ 1,168,431 $ 1,390,042 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(287,318), $(509,624), $(924,766) and $(1,135,515), respectively) (195,623) (415,339) (421,332) (1,731,378) Servicing revenue, net 203,022 35,520 747,099 (341,336) Interest income 190,633 169,780 593,342 622,224 Gain on originated mortgage loans, held-for-sale, net 566,761 488,253 1,257,094 966,813 Total revenues 960,416 693,553 2,597,535 1,247,701 Expenses Interest expense 129,928 130,528 355,372 463,786 General and administrative expenses 245,071 178,245 647,244 546,939 Compensation and benefits 324,545 167,137 717,919 412,402 Management fee to affiliate 24,315 22,482 70,154 66,682 Total operating expenses 723,859 498,392 1,790,689 1,489,809 Other Income (Loss) Change in fair value of investments 11,112 111,082 1,224 (123,314) Gain (loss) on settlement of investments, net (98,317) (94,457) (188,919) (968,995) Other income (loss), net 59,266 3,681 79,696 (39,766) Total other income (loss) (27,939) 20,306 (107,999) (1,132,075) Impairment Provision (reversal) for credit losses on securities (2,370) (3,849) (5,020) 15,166 Valuation and credit loss provision (reversal) on loans and real estate owned 8,748 14,584 (42,617) 118,504 Total impairment charges 6,378 10,735 (47,637) 133,670 Income (Loss) Before Income Taxes 202,240 204,732 746,484 (1,507,853) Income tax expense (benefit) 31,559 100,812 128,741 (48,647) Net income (loss) 170,681 103,920 617,743 (1,459,206) Noncontrolling interests in income of consolidated subsidiaries 9,001 11,640 28,448 34,118 Dividends on preferred stock 15,533 14,359 44,249 39,938 Net income (loss) attributable to common stockholders - diluted 146,147 77,921 545,046 (1,533,262) Net income (loss) attributable to common stockholders - basic $ 146,147 $ 77,921 $ 545,046 $ (1,533,262) Net Income (Loss) Per Share of Common Stock Basic (in dollars per share) $ 0.31 $ 0.19 $ 1.22 $ (3.69) Diluted (in dollars per share) $ 0.30 $ 0.19 $ 1.18 $ (3.69) Weighted Average Number of Shares of Common Stock Outstanding Basic (in shares) 466,579,920 415,744,518 446,085,657 415,665,441 Diluted (in shares) 482,282,695 420,968,626 461,694,481 415,665,441 Dividend declared per Share of Common Stock (in dollars per share) $ 0.25 $ 0.15 $ 0.65 $ 0.30 Source PDF HTML 10-Q Filing ZIP XLS HTML XBRL Published: November 5, 2021 Email Alerts Tear Sheet Contacts RSS News Feed Information Request © 2021 New Residential Investment Corp. All Rights Reserved. Privacy Policy CA Privacy and Disclosure Disclaimer Sitemap