Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Excess MSR assets $ 284,957   $ 284,957   $ 321,197
Other assets 25,607   25,607   22,333
Other liabilities (687)   (687)   0
Equity 309,877   309,877   343,530
New Residential’s investment $ 154,939   $ 154,939   $ 171,765
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 8,935 $ 6,969 $ 21,026 $ 20,083  
Other income (loss) (2,143) (2,843) (9,778) (7,908)  
Expenses 0 (18) 0 (63)  
Net income $ 6,792 $ 4,108 $ 11,248 $ 12,112  
MSRs          
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Weighted average discount rate, used to value investments in excess MSRs     8.80%