Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details)

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FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Non-Agency    
Gains (losses) included in net income    
Included in gain (loss) on settlement of investments, net $ 13,400  
Excess MSRs Investees    
Purchases, sales and repayments    
New Residential’s ownership 50.00% 50.00%
Recurring Basis | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning $ 17,172,492  
Transfers from Level 3 (15,579)  
Transfers to Level 3 305,368  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (16,375)  
Included in change in fair value of investments in excess mortgage servicing rights (3,828)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (664)  
Included in servicing revenue, net (402,996)  
Included in change in fair value of investments in mortgage servicing rights financing receivables (91,790)  
Included in change in fair value of servicer advance investments 9,291  
Included in change in fair value of investments in residential mortgage loans 85,036  
Included in gain (loss) on settlement of investments, net 13,455  
Included in other income (loss), net 26,214  
Gains (losses) included in other comprehensive income 234,537  
Interest income 202,524  
Purchases, sales and repayments    
Purchases 7,550,843  
Proceeds from sales (4,281,021)  
Proceeds from repayments (1,867,565)  
Other 941,821  
Balance, ending 19,861,763  
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 197,194  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (11,487)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Residential Mortgage Loans 846  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 7,328  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 378,569  
Proceeds from sales 0  
Proceeds from repayments (14,623)  
Other 261  
Ocwen Transaction 0  
Balance, ending 558,088  
Recurring Basis | Level 3 | Servicer Advances    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 735,846  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 9,291  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 12,529  
Purchases, sales and repayments    
Purchases 865,350  
Proceeds from sales  
Proceeds from repayments (985,102)  
Other 0  
Balance, ending 637,914  
Recurring Basis | Level 3 | MSRs    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 2,884,100  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (402,996)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 400,909  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 93,995  
Balance, ending 2,976,008  
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 1,644,504  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables (91,790)  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 397,538  
Proceeds from sales (9,113)  
Proceeds from repayments 0  
Other 0  
Balance, ending 1,941,139  
Recurring Basis | Level 3 | Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 8,970,963  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (16,375)  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 13,455  
Included in other income (loss), net 14,064  
Gains (losses) included in other comprehensive income 234,537  
Interest income 178,165  
Purchases, sales and repayments    
Purchases 917,869  
Proceeds from sales (752,030)  
Proceeds from repayments (742,680)  
Other 0  
Balance, ending 8,817,968  
Recurring Basis | Level 3 | Derivatives    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 10,628  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 10,908  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 0  
Balance, ending 21,536  
Recurring Basis | Level 3 | Excess Spread Financing    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 39,304  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (11,487)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Residential Mortgage Loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 261  
Ocwen Transaction 0  
Balance, ending 28,078  
Recurring Basis | Level 3 | Mortgage-Backed Securities Issued    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 117,048  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Residential Mortgage Loans 846  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 2,601  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 378,569  
Proceeds from sales 0  
Proceeds from repayments (14,623)  
Other 0  
Ocwen Transaction 0  
Balance, ending 484,441  
Recurring Basis | Level 3 | Contingent Consideration    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 40,842  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included In Residential Mortgage Loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 4,727  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 0  
Ocwen Transaction 0  
Balance, ending 45,569  
Recurring Basis | Level 3 | Residential Mortgage Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 2,330,627  
Transfers from Level 3 (15,579)  
Transfers to Level 3 305,368  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 85,036  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 4,969,177  
Proceeds from sales (3,517,742)  
Proceeds from repayments (82,520)  
Other 847,826  
Balance, ending 4,922,193  
Recurring Basis | Level 3 | MSRs Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 257,387  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights (1,391)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 861  
Gains (losses) included in other comprehensive income 0  
Interest income 607  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales (2,136)  
Proceeds from repayments (24,236)  
Other 0  
Balance, ending 231,092  
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 147,964  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (664)  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (13,832)  
Other 0  
Balance, ending 133,468  
Recurring Basis | Level 3 | MSRs Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 190,473  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights (2,437)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 381  
Gains (losses) included in other comprehensive income 0  
Interest income 11,223  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (19,195)  
Other 0  
Balance, ending $ 180,445