Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details)

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INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Aug. 31, 2019
Dec. 31, 2018
Nov. 30, 2018
Schedule of Equity Method Investments [Line Items]              
New Residential’s equity in net income $ (2,547) $ 4,555 $ (890) $ 12,343      
Real estate securities retained from loan securitizations     454,310 762,056      
Consumer Portfolio Segment | LoanCo and WarrantCo              
Schedule of Equity Method Investments [Line Items]              
Consumer loans, at fair value         $ 1,632   $ 231,560
Warrants, at fair value         106,378   103,067
Other assets         1,685   25,971
Warehouse financing         0   (182,065)
Other liabilities         (118)   (1,142)
Equity         109,577   177,391
Undistributed retained earnings         0   0
New Residential’s investment 23,033   23,033   $ 25,875 $ 38,294 $ 42,875
New Residential’s ownership         23.60%   24.20%
Interest income 636 16,513 20,003 38,032      
Interest expense 0 (4,364) (6,487) (10,082)      
Change in fair value of consumer loans and warrants (2,933) 5,676 (4,390) 24,750      
Gain on sale of consumer loans(C) (7,525) 2,379 (9,193) 3,512      
Other expenses (576) (1,604) (3,494) (6,201)      
Net income (10,398) 18,600 (3,561) 50,011      
New Residential’s equity in net income $ (2,547) $ 4,555 $ (890) $ 12,343      
New Residential’s ownership 24.50% 24.50% 25.00% 24.70%      
LoanCo              
Schedule of Equity Method Investments [Line Items]              
Real estate securities retained from loan securitizations     $ 83,900        
LoanCo | Consumer Portfolio Segment              
Schedule of Equity Method Investments [Line Items]              
Bonds and residual interests retained     $ 406,100