Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)

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INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2019
USD ($)
security
bond
Dec. 31, 2018
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 21,825,616  
Amortized Cost Basis 9,180,162  
Carrying Value $ 9,747,450 $ 11,636,581
Weighted Average Life (Years) 27 days  
Investments $ 21,940,053  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 829,200  
Number of bonds which New Residential was unable to obtain rating information | bond 265  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments $ 308,600  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 2,300  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Face 5,024,300  
Purchase Price 5,129,400  
Face 6,778,800  
Amortized Cost 6,914,300  
Sale Price 6,979,400  
Gain (Loss) on Sale 65,100  
Outstanding Face Amount 789,841  
Amortized Cost Basis 799,010  
Gross Unrealized Gains 11,398  
Gross Unrealized Losses (284)  
Carrying Value $ 810,124 2,665,618
Number of Securities | security 27  
Weighted Average Rating AAA  
Weighted Average Coupon 3.89%  
Weighted Average Yield 3.62%  
Weighted Average Life (Years) 6 years 1 month 6 days  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 800,000  
Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 0  
Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Face 2,444,000  
Purchase Price 349,700  
Face 228,000  
Amortized Cost 228,000  
Sale Price 228,000  
Gain (Loss) on Sale 0  
Outstanding Face Amount 21,035,775  
Amortized Cost Basis 8,381,152  
Gross Unrealized Gains 606,767  
Gross Unrealized Losses (50,593)  
Carrying Value $ 8,937,326 8,970,963
Number of Securities | security 923  
Weighted Average Rating B  
Weighted Average Coupon 3.31%  
Weighted Average Yield 5.56%  
Weighted Average Life (Years) 6 years 10 months 24 days  
Weighted Average Principal Subordination 9.90%  
Non-Agency | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 11,300,000  
Residual and interest - only notional amount 8,800,000  
Non-Agency | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 9,800,000  
Residual and interest - only notional amount 1,700,000  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 21,825,616  
Amortized Cost Basis 9,180,162  
Gross Unrealized Gains 618,165  
Gross Unrealized Losses (50,877)  
Carrying Value $ 9,747,450 $ 11,636,581
Number of Securities | security 950  
Weighted Average Rating BB-  
Weighted Average Coupon 3.36%  
Weighted Average Yield 5.39%  
Weighted Average Life (Years) 6 years 10 months 24 days  
Corporate debt    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 85,000  
Amortized Cost Basis 85,000  
Gross Unrealized Gains 0  
Gross Unrealized Losses (9,350)  
Carrying Value $ 75,650  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.25%  
Weighted Average Yield 8.25%  
Weighted Average Life (Years) 6 years  
Consumer loan bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 49,640  
Amortized Cost Basis 49,633  
Gross Unrealized Gains 131  
Gross Unrealized Losses (4,502)  
Carrying Value $ 45,262  
Number of Securities | security 6  
Weighted Average Rating B  
Weighted Average Coupon 5.50%  
Weighted Average Yield 19.84%  
Weighted Average Life (Years) 1 year 8 months 12 days  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 7,656,578  
Amortized Cost Basis 258,768  
Gross Unrealized Gains 28,891  
Gross Unrealized Losses (11,981)  
Carrying Value $ 275,678  
Number of Securities | security 86  
Weighted Average Rating AA+  
Weighted Average Coupon 1.42%  
Weighted Average Yield 6.54%  
Weighted Average Life (Years) 2 years 9 months 18 days  
Servicing Strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 1,838,897  
Amortized Cost Basis 22,086  
Gross Unrealized Gains 2,155  
Gross Unrealized Losses (195)  
Carrying Value $ 24,046  
Number of Securities | security 36  
Weighted Average Rating N/A  
Weighted Average Coupon 0.27%  
Weighted Average Yield 6.58%  
Weighted Average Life (Years) 4 years 8 months 12 days