Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION AND BASIS OF PRESENTATION - Total Consideration in Shellpoint Acquisition (Details)

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ORGANIZATION AND BASIS OF PRESENTATION - Total Consideration in Shellpoint Acquisition (Details) - USD ($)
9 Months Ended
Sep. 05, 2019
Jul. 03, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Assets          
Cash and cash equivalents [1]     $ 738,219,000   $ 251,058,000
Restricted cash     163,148,000   164,020,000
Residential mortgage loans, held-for-sale, at fair value     5,206,251,000   2,808,529,000
Mortgage servicing rights, at fair value     3,431,968,000   2,884,100,000
Residential mortgage loans, held-for-investment, at fair value     113,133,000   121,088,000
Residential mortgage loans subject to repurchase     168,532,000 $ 110,181,000 121,602,000
Intangible assets     19,346,000   18,708,000
Other assets (includes $168,532 and $121,602 in residential mortgage loan subject to repurchase at September 30, 2019 and December 31,2018, respectively)     1,724,519,000   961,714,000
Total assets     41,347,925,000   31,691,013,000
Liabilities          
Repurchase agreements     23,110,359,000   15,553,969,000
Notes and bonds payable [1]     7,405,872,000   7,102,266,000
Residential mortgage loans repurchase liability     168,532,000   121,602,000
Excess spread financing, at fair value     30,377,000   39,304,000
Accrued expenses and other liabilities [1]     820,291,000   713,583,000
Total liabilities     34,085,808,000   25,602,718,000
Noncontrolling interests in equity of consolidated subsidiaries     83,652,000   90,625,000
Goodwill     41,986,000   $ 24,645,000
Shellpoint Acquisition          
Business Acquisition [Line Items]          
Cash Consideration   $ 212,300,000      
Earnout Payout   39,300,000 0 $ 42,770,000  
Effective Settlement of Preexisting Relationships   173,900,000      
Total Consideration   425,500,000      
Contingent consideration, range of outcomes, maximum   $ 60,000,000.0      
Contingent consideration, payment term   3 years      
Contingent consideration fair value   $ 39,300,000 $ 38,300,000    
Assets          
Cash and cash equivalents   79,200,000      
Restricted cash   9,900,000      
Residential mortgage loans, held-for-sale, at fair value   488,200,000      
Mortgage servicing rights, at fair value   286,600,000      
Residential mortgage loans, held-for-investment, at fair value   125,300,000      
Residential mortgage loans subject to repurchase   121,400,000      
Intangible assets   18,400,000      
Other assets (includes $168,532 and $121,602 in residential mortgage loan subject to repurchase at September 30, 2019 and December 31,2018, respectively)   81,500,000      
Total assets   1,210,500,000      
Liabilities          
Repurchase agreements   439,600,000      
Notes and bonds payable   20,700,000      
Mortgage-backed securities issued, at fair value   120,700,000      
Residential mortgage loans repurchase liability   121,400,000      
Excess spread financing, at fair value   48,300,000      
Accrued expenses and other liabilities   50,600,000      
Total liabilities   801,300,000      
Noncontrolling interests in equity of consolidated subsidiaries   8,300,000      
Net Assets   400,900,000      
Goodwill   24,600,000      
Minimum | Shellpoint Acquisition          
Business Acquisition [Line Items]          
Contingent consideration, range of outcomes, minimum   0      
Maximum | Shellpoint Acquisition          
Business Acquisition [Line Items]          
Contingent consideration, range of outcomes, maximum   60,000,000.0      
Ginnie Mae(C) | Shellpoint Acquisition          
Assets          
Mortgage servicing rights, at fair value   $ 135,300,000      
Technology-Based Intangible Assets | Shellpoint Acquisition          
Liabilities          
Finite-lived intangible assets, useful life   5 years      
Trade Names | Shellpoint Acquisition          
Liabilities          
Finite-lived intangible assets, useful life   6 months      
NRM Acquisition LLC | Shellpoint Partners LLC | Shellpoint Acquisition          
Business Acquisition [Line Items]          
Cash Consideration $ 10,000,000.0 $ 212,300,000      
[1]
New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6), the RPL Borrowers (defined in Note 8), Shellpoint Asset Funding Trust 2013-1 (“SAFT 2013-1”) and the Shelter retail mortgage origination joint ventures (“Shelter JVs”) (Note 8) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments, residential mortgage loans and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, the RPL Borrowers, SAFT 2013-1, Shelter JVs and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.