Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details)

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INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details) - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
May 31, 2017
Jun. 30, 2017
Jun. 30, 2016
May 31, 2017
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]              
New Residential’s equity in net income   $ 5,880 $ 0   $ 5,880 $ 0  
Real estate securities retained from loan securitizations         284,874 $ 36,902  
LoanCo [Member]              
Schedule of Equity Method Investments [Line Items]              
Real estate securities retained from loan securitizations         64,200    
Consumer Portfolio Segment [Member] | LoanCo [Member]              
Schedule of Equity Method Investments [Line Items]              
Unpaid principal balance sold         550,000    
Consumer Portfolio Segment [Member] | LoanCo and WarrantCo [Member]              
Schedule of Equity Method Investments [Line Items]              
Consumer loans, at fair value $ 133,951     $ 133,951      
Warrants 13,700     13,700      
Other assets 62,746     62,746      
Warehouse financing (55,105)     (55,105)      
Other liabilities (10,673)     (10,673)      
Equity 144,619     144,619      
New Residential’s investment $ 35,959 $ 45,036   $ 35,959 45,036   $ 0
New Residential’s ownership 24.90%     24.90%      
Interest income $ 12,829     $ 12,829      
Interest expense (3,133)     (3,133)      
Change in fair value of consumer loans and warrants 3,555     3,555      
Gain on sale of consumer loans 11,850     11,850      
Other expenses (1,580)     (1,580)      
Net income 23,521     23,521      
New Residential’s equity in net income $ 5,880     $ 5,880 $ 5,880