Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Narrative (Details)

v3.19.1
INVESTMENTS IN CONSUMER LOANS - Narrative (Details)
$ / shares in Units, shares in Millions, $ in Millions
1 Months Ended
Mar. 31, 2019
shares
Feb. 28, 2017
USD ($)
investor
$ / shares
shares
WarrantCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
Number of warrants to be purchased (in shares)   177.7
Value of warrants to be purchased | $   $ 75.0
Exercise price (in dollars per share) | $ / shares   $ 0.01
Consumer Loan Companies    
Schedule of Equity Method Investments [Line Items]    
New Residential’s ownership 53.50%  
LoanCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
New Residential’s ownership   25.00%
Total purchase agreement amount | $   $ 5,000.0
Term of purchase contract (in years)   2 years
Number of co-investors | investor   3
Recording lag (in months)   1 month
WarrantCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
New Residential’s ownership   23.57%
Number of co-investors | investor   3
Consumer Loan Seller | WarrantCo | Consumer Portfolio Segment    
Schedule of Equity Method Investments [Line Items]    
Number of warrants owned (in shares) 130.9  
Consumer Loan Seller | New Residential and Co Investors | Consumer Portfolio Segment | Series F Convertible Preferred Stock    
Schedule of Equity Method Investments [Line Items]    
Number of securities called by warrants or rights 30.0