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 9 Months Ended
Sep. 30, 2018
Aug. 31, 2018
Sep. 30, 2017
Aug. 31, 2017
Sep. 30, 2018
Aug. 31, 2018
Sep. 30, 2017
Aug. 31, 2017
Dec. 31, 2017
Nov. 30, 2017
Schedule of Equity Method Investments [Line Items]                    
New Residential’s equity in net income $ 4,555   $ 6,769   $ 12,343   $ 12,649      
Consumer Portfolio Segment | LoanCo and WarrantCo                    
Schedule of Equity Method Investments [Line Items]                    
Consumer loans, at fair value   $ 85,424       $ 85,424       $ 178,422
Warrants, at fair value   110,311       110,311       80,746
Other assets   56,296       56,296       46,342
Warehouse financing   (49,668)       (49,668)       (117,944)
Other liabilities   (8,909)       (8,909)       (13,059)
Equity   193,454       193,454       174,507
Undistributed retained earnings   0       0       0
New Residential’s investment $ 44,787 $ 46,888     44,787 $ 46,888     $ 51,412 $ 42,473
New Residential’s ownership   24.20%       24.20%       24.30%
Interest income   $ 16,513   $ 12,276   $ 38,032   $ 25,105    
Interest expense   (4,364)   (2,635)   (10,082)   (5,768)    
Change in fair value of consumer loans and warrants   5,676   12,475   24,750   16,030    
Gain on sale of consumer loans   2,379   6,928   3,512   18,778    
Other expenses   (1,604)   (1,459)   (6,201)   (3,039)    
Net income   18,600   27,585   50,011   51,106    
New Residential’s equity in net income   $ 4,555   $ 6,769 $ 12,343 $ 12,343   $ 12,649    
New Residential’s ownership   24.50%   24.50%   24.70%   24.80%