Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details)

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FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Dec. 31, 2018
Non-Agency      
Gains (losses) included in net income      
Included in gain (loss) on settlement of investments, net $ 78,500 $ 91,900  
Excess MSRs Investees      
Purchases, sales and repayments      
New Residential’s ownership 50.00% 50.00% 50.00%
Recurring Basis | Level 3      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   $ 17,172,492  
Transfers from Level 3   (19,726)  
Transfers to Level 3   301,174  
Shellpoint Acquisition   805  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   (21,942)  
Included in change in fair value of investments in excess mortgage servicing rights   (1,421)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   4,087  
Included in servicing revenue, net   (629,396)  
Included in change in fair value of investments in mortgage servicing rights financing receivables   (133,200)  
Included in change in fair value of servicer advance investments   15,932  
Included in change in fair value of investments in residential mortgage loans   82,559  
Included in gain (loss) on settlement of investments, net   92,216  
Included in other income (loss), net   24,691  
Gains (losses) included in other comprehensive income   254,044  
Interest income   279,603  
Purchases, sales and repayments      
Purchases   11,421,736  
Proceeds from sales   (8,243,223)  
Proceeds from repayments   (2,936,274)  
Originations and other   1,037,649  
Balance, ending $ 18,701,806 18,701,806  
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning   197,194  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   14,488  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   (9,482)  
Included in change in fair value of investments in notes receivable - rights to MSRs   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   12,679  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]      
Purchases   378,569  
Proceeds from sales   0  
Proceeds from repayments   (26,556)  
Originations and other   (9,445)  
Balance, ending 557,447 557,447  
Recurring Basis | Level 3 | Servicer Advances      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   735,846  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   15,932  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   17,862  
Purchases, sales and repayments      
Purchases   1,255,306  
Proceeds from sales    
Proceeds from repayments   (1,424,399)  
Originations and other   0  
Balance, ending 600,547 600,547  
Recurring Basis | Level 3 | MSRs      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   2,884,100  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   367,121  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   (629,396)  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Purchases, sales and repayments      
Purchases   632,144  
Proceeds from sales   (1,047)  
Proceeds from repayments   (11,210)  
Originations and other   190,256  
Balance, ending 3,431,968 3,431,968  
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   1,644,504  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   (367,121)  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   (133,200)  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Purchases, sales and repayments      
Purchases   735,152  
Proceeds from sales   (15,575)  
Proceeds from repayments   (52,499)  
Originations and other   0  
Balance, ending 1,811,261 1,811,261  
Recurring Basis | Level 3 | Non-Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   8,970,963  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   (21,942)  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   91,895  
Included in other income (loss), net   9,010  
Gains (losses) included in other comprehensive income   254,044  
Interest income   243,538  
Purchases, sales and repayments      
Purchases   1,164,853  
Proceeds from sales   (1,662,900)  
Proceeds from repayments   (1,193,617)  
Originations and other   0  
Balance, ending 7,855,844 7,855,844  
Recurring Basis | Level 3 | Derivatives      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   10,628  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   13,910  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Purchases, sales and repayments      
Purchases   0  
Proceeds from sales   0  
Proceeds from repayments   0  
Originations and other   0  
Balance, ending 24,538 24,538  
Recurring Basis | Level 3 | Residential Mortgage Loans      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   2,330,627  
Transfers from Level 3   (19,726)  
Transfers to Level 3   301,174  
Shellpoint Acquisition   805  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   82,559  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Purchases, sales and repayments      
Purchases   7,634,281  
Proceeds from sales   (6,559,120)  
Proceeds from repayments   (170,668)  
Originations and other   847,393  
Balance, ending 4,447,325 4,447,325  
Recurring Basis | Level 3 | Excess Spread Financing      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning   39,304  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   (9,482)  
Included in change in fair value of investments in notes receivable - rights to MSRs   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]      
Purchases   0  
Proceeds from sales   0  
Proceeds from repayments   0  
Originations and other   555  
Balance, ending 30,377 30,377  
Recurring Basis | Level 3 | Mortgage-Backed Securities Issued      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning   117,048  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in notes receivable - rights to MSRs   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   5,248  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]      
Purchases   378,569  
Proceeds from sales   0  
Proceeds from repayments   (26,556)  
Originations and other   0  
Balance, ending 474,309 474,309  
Recurring Basis | Level 3 | Contingent Consideration      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning   40,842  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   14,488  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in notes receivable - rights to MSRs   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   7,431  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]      
Purchases   0  
Proceeds from sales   0  
Proceeds from repayments   0  
Originations and other   (10,000)  
Balance, ending 52,761 52,761  
Recurring Basis | Level 3 | MSRs Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   257,387  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   (946)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   231  
Included in other income (loss), net   1,036  
Gains (losses) included in other comprehensive income   0  
Interest income   4,452  
Purchases, sales and repayments      
Purchases   0  
Proceeds from sales   (4,579)  
Proceeds from repayments   (36,021)  
Originations and other   0  
Balance, ending 221,560 221,560  
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   147,964  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   4,087  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   0  
Included in other income (loss), net   0  
Gains (losses) included in other comprehensive income   0  
Interest income   0  
Purchases, sales and repayments      
Purchases   0  
Proceeds from sales   0  
Proceeds from repayments   (19,792)  
Originations and other   0  
Balance, ending 132,259 132,259  
Recurring Basis | Level 3 | MSRs Non-Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning   190,473  
Transfers from Level 3   0  
Transfers to Level 3   0  
Shellpoint Acquisition   0  
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities   0  
Included in change in fair value of investments in excess mortgage servicing rights   (475)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees   0  
Included in servicing revenue, net   0  
Included in change in fair value of investments in mortgage servicing rights financing receivables   0  
Included in change in fair value of servicer advance investments   0  
Included in change in fair value of investments in residential mortgage loans   0  
Included in gain (loss) on settlement of investments, net   90  
Included in other income (loss), net   735  
Gains (losses) included in other comprehensive income   0  
Interest income   13,751  
Purchases, sales and repayments      
Purchases   0  
Proceeds from sales   (2)  
Proceeds from repayments   (28,068)  
Originations and other   0  
Balance, ending $ 176,504 $ 176,504