Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Excess MSR assets $ 297,022   $ 297,022   $ 321,197
Other assets 21,732   21,732   22,333
Other liabilities (687)   (687)   0
Equity 318,067   318,067   343,530
New Residential’s investment $ 159,034   $ 159,034   $ 171,765
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 6,864 $ 8,931 $ 12,091 $ 13,114  
Other income (loss) (3,453) (420) (7,635) (5,065)  
Expenses 0 (19) 0 (45)  
Net income $ 3,411 $ 8,492 $ 4,456 $ 8,004  
MSRs          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     8.80%