Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)

v3.10.0.1
INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2018
USD ($)
security
bond
Dec. 31, 2017
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 16,753,696  
Amortized Cost Basis 7,619,444  
Carrying Value $ 8,084,927 $ 8,071,140
Weighted Average Life (Years) 1 year 3 months 21 days  
Investments $ 17,828,271  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 537,600  
Number of bonds which New Residential was unable to obtain rating information | bond 226  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments $ 208,600  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 0  
Treasury    
Debt Securities, Available-for-sale [Line Items]    
Face 0  
Purchase Price 0  
Face 862,000  
Amortized Cost 858,000  
Sale Price 849,800  
Gain (Loss) on Sale (8,200)  
Outstanding Face Amount 0  
Amortized Cost Basis 0  
Gross Unrealized Gains 0  
Gross Unrealized Losses 0  
Carrying Value $ 0 852,734
Number of Securities | security 0  
Weighted Average Rating N/A  
Weighted Average Coupon 0.00%  
Weighted Average Yield 0.00%  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Face $ 2,207,500  
Purchase Price 2,215,100  
Face 2,162,400  
Amortized Cost 2,182,100  
Sale Price 2,152,200  
Gain (Loss) on Sale (29,900)  
Outstanding Face Amount 1,205,334  
Amortized Cost Basis 1,231,112  
Gross Unrealized Gains 539  
Gross Unrealized Losses (132)  
Carrying Value $ 1,231,519 1,243,617
Number of Securities | security 61  
Weighted Average Rating AAA  
Weighted Average Coupon 3.97%  
Weighted Average Yield 3.43%  
Weighted Average Life (Years) 4 years 4 months 4 days  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 1,100,000  
Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 100,000  
Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Face 3,888,500  
Purchase Price 1,184,900  
Face 85,000  
Amortized Cost 66,800  
Sale Price 66,200  
Gain (Loss) on Sale (600)  
Outstanding Face Amount 15,548,362  
Amortized Cost Basis 6,388,332  
Gross Unrealized Gains 519,637  
Gross Unrealized Losses (54,561)  
Carrying Value $ 6,853,408 5,974,789
Number of Securities | security 806  
Weighted Average Rating CCC  
Weighted Average Coupon 2.87%  
Weighted Average Yield 5.89%  
Weighted Average Life (Years) 7 years 2 months 24 days  
Weighted Average Principal Subordination 9.50%  
Non-Agency | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2,100,000  
Residual and interest - only notional amount 1,400,000  
Non-Agency | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 13,400,000  
Residual and interest - only notional amount 5,600,000  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 16,753,696  
Amortized Cost Basis 7,619,444  
Gross Unrealized Gains 520,176  
Gross Unrealized Losses (54,693)  
Carrying Value $ 8,084,927 $ 8,071,140
Number of Securities | security 867.000  
Weighted Average Rating B  
Weighted Average Coupon 3.03%  
Weighted Average Yield 5.49%  
Weighted Average Life (Years) 6 years 9 months 6 days  
Corporate debt    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 85,000  
Amortized Cost Basis 85,000  
Gross Unrealized Gains 0  
Gross Unrealized Losses (1,700)  
Carrying Value $ 83,300  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.25%  
Weighted Average Yield 8.25%  
Weighted Average Life (Years) 6 years 9 months 17 days  
Consumer loan bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 58,212  
Amortized Cost Basis 39,044  
Gross Unrealized Gains 42  
Gross Unrealized Losses (2,811)  
Carrying Value $ 36,275  
Number of Securities | security 4  
Weighted Average Rating N/A  
Weighted Average Yield 25.50%  
Weighted Average Life (Years) 1 year 4 months 26 days  
MSR bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 100,000  
Amortized Cost Basis 100,000  
Gross Unrealized Gains 563  
Gross Unrealized Losses 0  
Carrying Value $ 100,563  
Number of Securities | security 1  
Weighted Average Rating BBB-  
Weighted Average Coupon 4.94%  
Weighted Average Yield 7.03%  
Weighted Average Life (Years) 8 years 11 months 7 days  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 4,983,445  
Amortized Cost Basis 228,691  
Gross Unrealized Gains 16,682  
Gross Unrealized Losses (11,084)  
Carrying Value $ 234,289  
Number of Securities | security 62  
Weighted Average Rating AA  
Weighted Average Coupon 1.50%  
Weighted Average Yield 7.43%  
Weighted Average Life (Years) 3 years 21 days  
Servicing Strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 1,023,140  
Amortized Cost Basis 8,814  
Gross Unrealized Gains 1,326  
Gross Unrealized Losses (212)  
Carrying Value $ 9,928  
Number of Securities | security 23  
Weighted Average Rating N/A  
Weighted Average Coupon 0.21%  
Weighted Average Yield 14.09%  
Weighted Average Life (Years) 6 years 29 days