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
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
May 31, 2019
Dec. 31, 2018
Nov. 30, 2018
Schedule of Equity Method Investments [Line Items]              
New Residential’s equity in net income $ (2,654) $ 2,982 $ 1,657 $ 7,788      
Consumer Portfolio Segment | LoanCo and WarrantCo              
Schedule of Equity Method Investments [Line Items]              
Consumer loans, at fair value         $ 409,379   $ 231,560
Warrants, at fair value         108,963   103,067
Other assets         39,317   25,971
Warehouse financing         (336,817)   (182,065)
Other liabilities         (1,789)   (1,142)
Equity         219,053   177,391
Undistributed retained earnings         0   0
New Residential’s investment 25,486   25,486   $ 53,207 $ 38,294 $ 42,875
New Residential’s ownership         24.30%   24.20%
Interest income 11,390 8,727 19,367 21,519      
Interest expense (3,665) (2,350) (6,487) (5,718)      
Change in fair value of consumer loans and warrants (15,993) 5,522 (1,457) 19,074      
Gain on sale of consumer loans (1,222) 1,553 (1,668) 1,133      
Other expenses (1,462) (1,390) (2,918) (4,597)      
Net income (10,952) 12,062 6,837 31,411      
New Residential’s equity in net income $ (2,654) $ 2,982 $ 1,657 $ 7,788      
New Residential’s ownership 24.20% 24.70% 24.20% 24.80%