Annual report pursuant to Section 13 and 15(d)

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

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FAIR VALUE MEASUREMENT - Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning  
Purchases, sales and repayments    
Purchases, net(G)   $ 16,123,332
Balance, ending  
Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in gain (loss) on settlement of investments, net $ (953,500) 97,200
Excess MSRs Investees    
Purchases, sales and repayments    
New Residential’s percentage ownership 50.00%  
Recurring Basis | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning $ 18,769,854 17,172,492
Transfers    
Transfers from Level 3 (718,892) (32,806)
Transfers to Level 3 1,272,585 315,577
Acquisition   589,774
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (13,404) (25,174)
Included in change in fair value of investments in excess mortgage servicing rights (16,232) (10,505)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (3,489) 6,800
Included in servicing revenue, net (1,903,905) (721,356)
Included in change in fair value of investments in mortgage servicing rights financing receivable   (189,023)
Included in change in fair value of servicer advance investments 763 10,288
Included in change in fair value of residential mortgage loans (107,604) (63,347)
Included in gain (loss) on settlement of investments, net (953,474) 98,700
Included in other income (loss), net 179,826 33,706
Gains (losses) included in other comprehensive income (549,650) 238,217
Included in change in fair value of investments in mortgage servicing rights financing receivables (279,168)  
Interest income 176,027 363,018
Purchases, sales and repayments    
Purchases, net(G) 4,749,520  
Proceeds from sales (8,696,769) (12,622,386)
Proceeds from repayments (2,560,005) (3,735,969)
Originations and other 664,726 1,218,516
Balance, ending 10,010,709 18,769,854
Recurring Basis | Level 3 | Servicer Advance Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 581,777 735,846
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 763 10,288
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net 0 0
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 18,182 27,666
Purchases, sales and repayments    
Purchases, net(G) 1,294,757 1,622,808
Proceeds from sales 0 0
Proceeds from repayments (1,357,423) (1,814,831)
Originations and other 0 0
Balance, ending 538,056 581,777
Recurring Basis | Level 3 | MSRs    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 3,967,960 2,884,100
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   387,170
Transfers from MSR financing receivables to MSRs 320,613 (367,121)
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net (1,903,905) (721,356)
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net 0 0
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 0 0
Purchases, sales and repayments    
Purchases, net(G) 449,875 678,424
Proceeds from sales (11,282) (1,539)
Proceeds from repayments 0 0
Originations and other 666,414 374,040
Balance, ending 3,489,675 3,967,960
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivables    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 1,718,273 1,644,504
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs (320,613) 367,121
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   (189,023)
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net 0 0
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables (279,168)  
Interest income 0 0
Purchases, sales and repayments    
Purchases, net(G) (18,267) 652,902
Proceeds from sales (4,059) (22,989)
Proceeds from repayments 0 0
Originations and other 0 0
Balance, ending 1,096,166 1,718,273
Recurring Basis | Level 3 | Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 7,957,785 8,970,963
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   (178,435)
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (13,404) (25,174)
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net (953,541) 97,191
Included in other income (loss), net (42,506) 2,101
Gains (losses) included in other comprehensive income (580,102) 238,217
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 105,373 302,705
Purchases, sales and repayments    
Purchases, net(G) 575,030 2,058,953
Proceeds from sales (5,288,480) (1,949,300)
Proceeds from repayments (577,543) (1,559,436)
Originations and other (1,688) 0
Balance, ending 1,180,924 7,957,785
Recurring Basis | Level 3 | Derivatives    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 39,891 10,628
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net 249,183 29,263
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 0 0
Purchases, sales and repayments    
Purchases, net(G) 0 0
Proceeds from sales 0 0
Proceeds from repayments 0 0
Originations and other 0 0
Balance, ending 289,074 39,891
Recurring Basis | Level 3 | Residential Mortgage Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 3,998,825 2,330,627
Transfers    
Transfers from Level 3 (718,892) (32,806)
Transfers to Level 3 445,040 315,577
Acquisition   381,039
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans (107,604) (63,347)
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net (8,276) 0
Gains (losses) included in other comprehensive income (6,020) 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 0 0
Purchases, sales and repayments    
Purchases, net(G) 2,415,084 11,110,245
Proceeds from sales (3,391,887) (10,638,483)
Proceeds from repayments (305,886) (248,503)
Originations and other 0 844,476
Balance, ending 2,320,384 3,998,825
Recurring Basis | Level 3 | Consumer Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 0 0
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 827,545 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net (6,385) 0
Gains (losses) included in other comprehensive income 36,472 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 24,120 0
Purchases, sales and repayments    
Purchases, net(G) 33,041 0
Proceeds from sales 0 0
Proceeds from repayments (229,218) 0
Originations and other 0 0
Balance, ending 685,575 0
Recurring Basis | Level 3 | MSRs Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 209,633 257,387
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights (9,510) (7,559)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 66 1,479
Included in other income (loss), net (10,817) 1,523
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 12,299 14,895
Purchases, sales and repayments    
Purchases, net(G) 0 0
Proceeds from sales (1,056) (10,018)
Proceeds from repayments (37,970) (48,074)
Originations and other 0 0
Balance, ending 162,645 209,633
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 125,596 147,964
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights 0 0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (3,489) 6,800
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 0 0
Included in other income (loss), net 0 0
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 0 0
Purchases, sales and repayments    
Purchases, net(G) 0 0
Proceeds from sales 0 0
Proceeds from repayments (22,190) (29,168)
Originations and other 0 0
Balance, ending 99,917 125,596
Recurring Basis | Level 3 | MSRs Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 170,114 190,473
Transfers    
Transfers from Level 3 0 0
Transfers to Level 3 0 0
Acquisition   0
Transfers from MSR financing receivables to MSRs 0 0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0 0
Included in change in fair value of investments in excess mortgage servicing rights (6,722) (2,946)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0 0
Included in servicing revenue, net 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivable   0
Included in change in fair value of servicer advance investments 0 0
Included in change in fair value of residential mortgage loans 0 0
Included in gain (loss) on settlement of investments, net 1 30
Included in other income (loss), net (1,373) 819
Gains (losses) included in other comprehensive income 0 0
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Interest income 16,053 17,752
Purchases, sales and repayments    
Purchases, net(G) 0 0
Proceeds from sales (5) (57)
Proceeds from repayments (29,775) (35,957)
Originations and other 0 0
Balance, ending $ 148,293 $ 170,114