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 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Excess MSRs Investees          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Excess MSR assets $ 236,786   $ 236,786   $ 269,203
Other assets 28,418   28,418   27,411
Other liabilities (687)   (687)   (687)
Equity 264,517   264,517   295,927
New Residential’s investment $ 132,259   $ 132,259   $ 147,964
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 7,990 $ 8,935 $ 12,251 $ 21,026  
Other income (loss) 1,528 (2,143) (4,029) (9,778)  
Expenses (16) 0 (48) 0  
Net income $ 9,502 $ 6,792 $ 8,174 $ 11,248  
MSRs          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     7.50%    
MSRs | Excess MSRs Investees          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     7.80%