Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Narrative (Details)

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INVESTMENTS IN CONSUMER LOANS - Narrative (Details)
$ / shares in Units, shares in Millions
1 Months Ended
May 31, 2018
shares
Feb. 28, 2017
USD ($)
investor
$ / shares
shares
Jun. 30, 2018
WarrantCo | Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
Number of warrants to be purchased (in shares)   177.7  
Value of warrants to be purchased | $   $ 75,000,000  
Exercise price (in dollars per share) | $ / shares   $ 0.01  
Consumer Loan Companies      
Schedule of Equity Method Investments [Line Items]      
New Residential’s ownership     53.50%
LoanCo | Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
New Residential’s ownership   25.00%  
Total purchase agreement amount | $   $ 5,000,000,000.0  
Term of purchase contract (in years)   2 years  
Number of co-investors | investor   3  
Recording lag (in months)   1 month  
WarrantCo | Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
New Residential’s ownership   23.57%  
Number of co-investors | investor   3  
Consumer Loan Seller | WarrantCo | Consumer Portfolio Segment      
Schedule of Equity Method Investments [Line Items]      
Number of warrants owned (in shares) 84.7    
Consumer Loan Seller | New Residential and Co Investors | Consumer Portfolio Segment | Series F Convertible Preferred Stock      
Schedule of Equity Method Investments [Line Items]      
Number of securites called by warrants or rights 20.1