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 6 Months Ended
Jun. 30, 2018
May 31, 2018
Jun. 30, 2017
May 31, 2017
Jun. 30, 2018
May 31, 2018
Jun. 30, 2017
May 31, 2017
Dec. 31, 2017
Nov. 30, 2017
Schedule of Equity Method Investments [Line Items]                    
New Residential’s equity in net income $ 2,982   $ 5,880   $ 7,788   $ 5,880      
Consumer Portfolio Segment | LoanCo and WarrantCo                    
Schedule of Equity Method Investments [Line Items]                    
Consumer loans, at fair value   $ 242,082       $ 242,082       $ 178,422
Warrants, at fair value   94,874       94,874       80,746
Other assets   53,242       53,242       46,342
Warehouse financing   (177,930)       (177,930)       (117,944)
Other liabilities   (5,885)       (5,885)       (13,059)
Equity   206,383       206,383       174,507
Undistributed retained earnings   0       0       0
New Residential’s investment $ 57,820 $ 50,241     57,820 $ 50,241     $ 51,412 $ 42,473
New Residential’s ownership   24.30%       24.30%       24.30%
Interest income   $ 8,727   $ 12,829   $ 21,519   $ 12,829    
Interest expense   (2,350)   (3,133)   (5,718)   (3,133)    
Change in fair value of consumer loans and warrants   5,522   3,555   19,074   3,555    
Gain on sale of consumer loans   1,553   11,850   1,133   11,850    
Other expenses   (1,390)   (1,580)   (4,597)   (1,580)    
Net income   12,062   23,521   31,411   23,521    
New Residential’s equity in net income   $ 2,982   $ 5,880 $ 7,788 $ 7,788   $ 5,880    
New Residential’s ownership   24.70%   24.90%   24.80%   24.90%