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
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Schedule of Investments in Mortgage Servicing Rights [Line Items]      
Excess MSR assets $ 261,808   $ 269,203
Other assets 25,279   27,411
Other liabilities (687)   (687)
Equity 286,400   295,927
New Residential’s investment $ 143,200   $ 147,964
New Residential’s ownership 50.00%   50.00%
Interest income $ 4,070 $ 5,227  
Other income (loss) 1,170 (4,181)  
Expenses (16) 0  
Net income $ 5,224 $ 1,046  
MSRs      
Schedule of Investments in Mortgage Servicing Rights [Line Items]      
Weighted average discount rate, used to value investments in excess MSRs 8.30%