What does servicing — impairment mean?

The non-cash expense recorded when the value of servicing assets declines below their book value.

How do you interpret servicing — impairment?

An increase signals negative valuation adjustments, often due to market volatility or asset underperformance.

How does servicing — impairment compare across companies?

Comparable to 'MSR impairment' or 'valuation allowance' charges reported by other mortgage servicing firms.

New Residential Investment Corp. NRZ Servicing — Impairment

Discontinued — last reported Q1 '22

Similar metrics at other companies

FBR

FBRTMSR impairment and amortization

$7.48M—

JLLServicing Asset at Amortized Cost, Other than Temporary Impairments

$2M+150%

BPOPMortgage Banking Activities — Mortgage Servicing Rights MSR Impairment Recovery

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BPOPMortgage Servicing Rights MSR Impairment Recovery

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BPOPMortgage Servicing Rights MSR Impairment Recovery

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BPOPUS — Valuation Allowance For Impairment Of Recognized Servicing Assets Sales And Disposals

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Other financials

Income statement

See full

Revenue$1.4B+41.3%

Net income$102.7M+30.3%

EPS (diluted)$0.12+71.4%

Balance sheet

See full

Cash & equivalents$2.5B+64.9%

Total debt$169.7M-99.5%

Total equity$8.6B+10.7%

Total assets$53.4B+17.7%

Cash flow

See full

Operating cash flow$100.7M-92.9%

Valuation

See full

Market cap$0-11.6%

Profitability

See full

Net margin14.4%-1.0pp

Returns & leverage

See full

Return on equity8.8%-0.9pp

Debt / equity0×-4.3×

Where this comes from

Reported directly by New Residential Investment Corp. in its filing.

Tagged under the XBRL concept nrz:TotalImpairmentCharges.

The official record: New Residential Investment Corp.’s 10-Q, filed May 6, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Residential Investment Corp.'s servicing — impairment?: New Residential Investment Corp. (NRZ) reported servicing — impairment of $0 in Q1 2022.
What does servicing — impairment mean?: The non-cash expense recorded when the value of servicing assets declines below their book value.
How do you interpret servicing — impairment?: An increase signals negative valuation adjustments, often due to market volatility or asset underperformance.
How does servicing — impairment compare across companies?: Comparable to 'MSR impairment' or 'valuation allowance' charges reported by other mortgage servicing firms.