Quarterly report pursuant to Section 13 or 15(d)

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

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INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2019
USD ($)
security
bond
Dec. 31, 2018
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 24,980,167  
Amortized Cost Basis 11,416,625  
Carrying Value $ 12,125,826 $ 11,636,581
Weighted Average Life (Years) 24 days  
Investments $ 26,807,138  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 958,900  
Number of bonds which New Residential was unable to obtain rating information | bond 288  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments $ 227,200  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 2,400  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Face 12,817,100  
Purchase Price 13,089,100  
Face 11,825,100  
Amortized Cost 12,105,600  
Sale Price 12,198,600  
Gain (Loss) on Sale 93,000  
Outstanding Face Amount 3,237,064  
Amortized Cost Basis 3,263,710  
Gross Unrealized Gains 44,153  
Gross Unrealized Losses (5)  
Carrying Value $ 3,307,858 2,665,618
Number of Securities | security 35  
Weighted Average Rating AAA  
Weighted Average Coupon 3.44%  
Weighted Average Yield 3.16%  
Weighted Average Life (Years) 5 years  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 3,200,000  
Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 0  
Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Face 4,574,200  
Purchase Price 917,900  
Face 837,500  
Amortized Cost 738,600  
Sale Price 752,000  
Gain (Loss) on Sale 13,400  
Outstanding Face Amount 21,743,103  
Amortized Cost Basis 8,152,915  
Gross Unrealized Gains 702,454  
Gross Unrealized Losses (37,401)  
Carrying Value $ 8,817,968 8,970,963
Number of Securities | security 935  
Weighted Average Rating B  
Weighted Average Coupon 3.27%  
Weighted Average Yield 5.03%  
Weighted Average Life (Years) 6 years 6 months  
Weighted Average Principal Subordination 9.60%  
Non-Agency | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 10,600,000  
Residual and interest - only notional amount 8,300,000  
Non-Agency | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 11,100,000  
Residual and interest - only notional amount 3,100,000  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 24,980,167  
Amortized Cost Basis 11,416,625  
Gross Unrealized Gains 746,607  
Gross Unrealized Losses (37,406)  
Carrying Value $ 12,125,826 $ 11,636,581
Number of Securities | security 970  
Weighted Average Rating BB+  
Weighted Average Coupon 3.31%  
Weighted Average Yield 4.49%  
Weighted Average Life (Years) 6 years  
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 (12,325)  
Carrying Value $ 72,675  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.25%  
Weighted Average Yield 8.25%  
Weighted Average Life (Years) 5 years 9 months 18 days  
Consumer loan bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 137,739  
Amortized Cost Basis 42,589  
Gross Unrealized Gains 434  
Gross Unrealized Losses (7,110)  
Carrying Value $ 35,913  
Number of Securities | security 7  
Weighted Average Rating N/A  
Weighted Average Coupon 6.55%  
Weighted Average Yield 10.59%  
Weighted Average Life (Years) 1 year 8 months 12 days  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 8,360,746  
Amortized Cost Basis 270,528  
Gross Unrealized Gains 37,346  
Gross Unrealized Losses (12,876)  
Carrying Value $ 294,998  
Number of Securities | security 92  
Weighted Average Rating AA+  
Weighted Average Coupon 1.40%  
Weighted Average Yield 6.90%  
Weighted Average Life (Years) 2 years 8 months 12 days  
Servicing Strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2,061,685  
Amortized Cost Basis 25,548  
Gross Unrealized Gains 2,213  
Gross Unrealized Losses (428)  
Carrying Value $ 27,333  
Number of Securities | security 39  
Weighted Average Rating N/A  
Weighted Average Coupon 0.37%  
Weighted Average Yield 7.41%  
Weighted Average Life (Years) 4 years 6 months