INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands |
9 Months Ended | |
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Sep. 30, 2019 |
Dec. 31, 2018 |
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| Schedule of Investments in Mortgage Servicing Rights [Line Items] | ||
| Carrying Value | $ 5,243,229 | $ 4,528,604 |
| Weighted Average Life (Years) | 24 days | |
| Excess MSRs Investees | ||
| Schedule of Investments in Mortgage Servicing Rights [Line Items] | ||
| New Residential Interest in Investees | 50.00% | 50.00% |
| Excess MSRs Investees | Agency | ||
| Schedule of Investments in Mortgage Servicing Rights [Line Items] | ||
| New Residential Interest in Investees | 50.00% | |
| Excess MSRs Investees | Agency | Agency | ||
| Schedule of Investments in Mortgage Servicing Rights [Line Items] | ||
| Unpaid Principal Balance | $ 35,632,429 | |
| Investee Interest in Excess MSR | 66.70% | |
| New Residential Interest in Investees | 50.00% | |
| Amortized Cost Basis | $ 171,553 | |
| Carrying Value | $ 236,786 | |
| Weighted Average Life (Years) | 5 years 3 months 18 days |
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- Definition The equity method investee's percentage ownership of Excess MSRs portfolio. No definition available.
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- Definition [Line Items] for Schedule of Investments in Mortgage Servicing Rights [Table] No definition available.
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- Definition The unpaid principal balance of underlying loans. No definition available.
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- Definition Weighted average expected timing of the receipt of expected cash flows for this investment. No definition available.
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amortized amount of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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