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) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Excess MSRs Investees          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Excess MSR assets $ 236,263   $ 236,263   $ 269,203
Other assets 31,360   31,360   27,411
Other liabilities (687)   (687)   (687)
Equity 266,936   266,936   295,927
New Residential’s investment $ 133,468   $ 133,468   $ 147,964
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 190 $ 6,864 $ 4,261 $ 12,091  
Other income (loss) (6,727) (3,453) (5,557) (7,635)  
Expenses (15) 0 (32) 0  
Net income $ (6,552) $ 3,411 $ (1,328) $ 4,456  
MSRs          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     8.00%    
MSRs | Excess MSRs Investees          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     8.30%