Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Dec. 31, 2018
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