Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLE - Schedule of Activity Related to the Carrying Value of Investments in MSRs (Details)

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INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLE - Schedule of Activity Related to the Carrying Value of Investments in MSRs (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]    
Beginning balance   $ 0
Ending balance $ 118,483 118,483
Mortgage Servicing Rights [Member]    
Schedule of Investments in Mortgage Servicing Rights [Line Items]    
Purchases   1,091,478
Amortization of servicing rights (64,305) (90,601)
Change in valuation inputs and assumptions (89,742) (88,983)
PHH Mortgage Corporation [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]    
Schedule of Investments in Mortgage Servicing Rights [Line Items]    
Beginning balance   0
Purchases   112,887
Amortization of servicing rights (1,127) (1,127)
Change in valuation inputs and assumptions 6,723 6,723
Ending balance $ 118,483 $ 118,483