Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Loans Outstanding by Loan Type, Excluding REO (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Loans Outstanding by Loan Type, Excluding REO (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
loan
Dec. 31, 2018
USD ($)
loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 24 days  
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 858,703 $ 636,874
Carrying Value $ 859,428 $ 591,264
Loan Count | loan 13,627 8,424
Weighted Average Yield 6.90% 8.00%
Weighted Average Life (Years) 5 years 3 months 18 days 4 years 9 months 18 days
Floating Rate Loans as a % of Face Amount 8.80% 20.30%
LTV Ratio 76.10% 77.70%
Weighted average delinquency 15.80% 8.90%
Weighted Average FICO 646 649
Performing Loans | Ginnie Mae EBO    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
UPB of Underlying Mortgages $ 36,000 $ 24,300
Purchased Credit Deteriorated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 96,420 191,497
Carrying Value $ 66,278 $ 144,065
Loan Count | loan 945 1,556
Weighted Average Yield 8.50% 7.60%
Weighted Average Life (Years) 3 years 2 months 12 days 3 years 1 month 6 days
Floating Rate Loans as a % of Face Amount 21.80% 16.40%
LTV Ratio 91.10% 84.60%
Weighted average delinquency 60.00% 71.50%
Weighted Average FICO 588 596
Total Residential Mortgage Loans, Held-for-Investment    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 955,123 $ 828,371
Carrying Value $ 925,706 $ 735,329
Loan Count | loan 14,572 9,980
Weighted Average Yield 7.10% 7.90%
Weighted Average Life (Years) 5 years 1 month 6 days 4 years 4 months 24 days
Floating Rate Loans as a % of Face Amount 10.10% 19.40%
LTV Ratio 77.60% 79.30%
Weighted average delinquency 20.20% 23.30%
Weighted Average FICO 641 637
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 11,628 $ 13,807
Carrying Value $ 5,844 $ 6,557
Loan Count | loan 28 37
Weighted Average Yield 7.90% 8.10%
Weighted Average Life (Years) 4 years 7 months 6 days 4 years 9 months 18 days
Floating Rate Loans as a % of Face Amount 5.70% 10.60%
LTV Ratio 149.90% 142.50%
Weighted average delinquency 69.50% 67.80%
Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 839,141 $ 408,724
Carrying Value $ 857,821 $ 413,883
Loan Count | loan 12,808 7,144
Weighted Average Yield 4.50% 4.40%
Weighted Average Life (Years) 4 years 3 years 10 months 24 days
Floating Rate Loans as a % of Face Amount 62.70% 56.60%
LTV Ratio 50.10% 61.30%
Weighted average delinquency 7.80% 9.00%
Weighted Average FICO 688 670
Non-Performing Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 680,736 $ 621,700
Carrying Value $ 565,387 $ 512,040
Loan Count | loan 5,032 5,029
Weighted Average Yield 5.20% 5.50%
Weighted Average Life (Years) 3 years 1 month 6 days 3 years
Floating Rate Loans as a % of Face Amount 11.80% 14.90%
LTV Ratio 73.80% 88.10%
Weighted average delinquency 77.30% 72.60%
Weighted Average FICO 587 588
Total Residential Mortgage Loans, Held-for-Sale    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,531,505 $ 1,044,231
Carrying Value $ 1,429,052 $ 932,480
Loan Count | loan 17,868 12,210
Weighted Average Yield 4.90% 5.10%
Weighted Average Life (Years) 3 years 7 months 6 days 3 years 4 months 24 days
Floating Rate Loans as a % of Face Amount 39.70% 31.20%
LTV Ratio 61.40% 78.30%
Weighted average delinquency 39.20% 47.60%
Weighted Average FICO 643 621
Acquired Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 3,132,007 $ 2,295,340
Carrying Value $ 3,024,288 $ 2,153,269
Loan Count | loan 19,204 12,873
Weighted Average Yield 4.00% 4.50%
Weighted Average Life (Years) 7 years 8 years
Floating Rate Loans as a % of Face Amount 3.30% 7.70%
LTV Ratio 62.20% 75.70%
Weighted average delinquency 23.10% 14.00%
Weighted Average FICO 626 626
Originated Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 1,543,799 $ 638,173
Carrying Value $ 1,589,324 $ 655,260
Loan Count | loan 5,806 2,307
Weighted Average Yield 3.80% 5.20%
Weighted Average Life (Years) 28 years 7 months 6 days 28 years 6 months
Floating Rate Loans as a % of Face Amount 3.50% 96.30%
LTV Ratio 79.00% 80.00%
Weighted average delinquency 8.20% 3.80%
Weighted Average FICO 674 714
Total Residential Mortgage Loans, held-for-sale, at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 4,675,806 $ 2,933,513
Carrying Value $ 4,613,612 $ 2,808,529
Loan Count | loan 25,010 15,180
Weighted Average Yield 4.00% 4.60%
Weighted Average Life (Years) 14 years 1 month 6 days 12 years 6 months
Floating Rate Loans as a % of Face Amount 3.40% 27.00%
LTV Ratio 67.80% 76.60%
Weighted average delinquency 18.20% 11.80%
Weighted Average FICO 642 645
Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 70.00%  
Unpaid principal balance $ 600 $ 500
Percentage of loans that have reached a termination event 45.60% 54.90%
Non-Performing Loans | Ginnie Mae EBO    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
UPB of Underlying Mortgages $ 26,900 $ 51,900
Non Agency Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
UPB of Underlying Mortgages 107,700  
MDST Trusts    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
UPB of Underlying Mortgages $ 345,100  
Mr. Cooper | Reverse Mortgage Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Interest in reverse mortgage loans 30.00%