Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details)

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FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Non-Agency    
Gains (losses) included in net income    
Included in gain (loss) on settlement of investments, net $ 0  
Excess MSRs Investees    
Purchases, sales and repayments    
New Residential’s ownership 50.00% 50.00%
Recurring Basis    
Purchases, sales and repayments    
Mortgage backed securities, issued at fair value $ 116,100  
Recurring Basis | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 17,172,492  
Transfers from Level 3 (2,495)  
Transfers to Level 3 297,670  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (7,516)  
Included in change in fair value of investments in excess mortgage servicing rights 4,627  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 2,612  
Included in servicing revenue, net (58,565)  
Included in change in fair value of investments in mortgage servicing rights financing receivables (36,379)  
Included in change in fair value of servicer advance investments 7,903  
Included in change in fair value of investments in residential mortgage loans 8,849  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 10,192  
Gains (losses) included in other comprehensive income 133,043  
Interest income 132,129  
Purchases, sales and repayments    
Purchases 2,188,982  
Proceeds from sales (1,828,755)  
Proceeds from repayments (993,012)  
Other 883,797  
Balance, ending 17,915,574  
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 197,194  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (1,655)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 3,182  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (2,061)  
Other 138  
Ocwen Transaction 0  
Balance, ending 196,798  
Recurring Basis | Level 3 | Servicer Advances    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 735,846  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 7,903  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 7,084  
Purchases, sales and repayments    
Purchases 483,772  
Proceeds from sales  
Proceeds from repayments (536,977)  
Other 0  
Balance, ending 697,628  
Recurring Basis | Level 3 | MSRs    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 2,884,100  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (58,565)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 155,747  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 36,171  
Balance, ending 3,017,453  
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 1,644,504  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables (36,379)  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 116,660  
Proceeds from sales (6,913)  
Proceeds from repayments 0  
Other 0  
Balance, ending 1,717,872  
Recurring Basis | Level 3 | Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 8,970,963  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities (7,516)  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 6,679  
Gains (losses) included in other comprehensive income 133,043  
Interest income 111,245  
Purchases, sales and repayments    
Purchases 349,718  
Proceeds from sales (228,000)  
Proceeds from repayments (398,806)  
Other 0  
Balance, ending 8,937,326  
Recurring Basis | Level 3 | Derivatives    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 10,628  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 3,206  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 0  
Balance, ending 13,834  
Recurring Basis | Level 3 | Residential Mortgage Loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 2,330,627  
Transfers from Level 3 (2,495)  
Transfers to Level 3 297,670  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 8,849  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 8,685  
Purchases, sales and repayments    
Purchases 1,083,085  
Proceeds from sales (1,593,842)  
Proceeds from repayments (28,081)  
Other 847,626  
Balance, ending 2,952,124  
Recurring Basis | Level 3 | Excess Spread Financing    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 39,304  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net (1,655)  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 138  
Ocwen Transaction 0  
Balance, ending 37,787  
Recurring Basis | Level 3 | Mortgage-Backed Securities Issued    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 117,048  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 1,137  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (2,061)  
Other 0  
Ocwen Transaction 0  
Balance, ending 116,124  
Recurring Basis | Level 3 | Contingent Consideration    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]    
Balance, beginning 40,842  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 2,045  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments 0  
Other 0  
Ocwen Transaction 0  
Balance, ending 42,887  
Recurring Basis | Level 3 | MSRs Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 257,387  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 2,213  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 274  
Gains (losses) included in other comprehensive income 0  
Interest income 1,062  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (12,498)  
Other 0  
Balance, ending 248,438  
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 147,964  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 2,612  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 0  
Gains (losses) included in other comprehensive income 0  
Interest income 0  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (7,376)  
Other 0  
Balance, ending 143,200  
Recurring Basis | Level 3 | MSRs Non-Agency    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Balance, beginning 190,473  
Transfers from Level 3 0  
Transfers to Level 3 0  
Shellpoint Acquisition 0  
Gains (losses) included in net income    
Included in other-than-temporary impairment on securities 0  
Included in change in fair value of investments in excess mortgage servicing rights 2,414  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees 0  
Included in servicing revenue, net 0  
Included in change in fair value of investments in mortgage servicing rights financing receivables 0  
Included in change in fair value of servicer advance investments 0  
Included in change in fair value of investments in residential mortgage loans 0  
Included in gain (loss) on settlement of investments, net 0  
Included in other income (loss), net 33  
Gains (losses) included in other comprehensive income 0  
Interest income 4,053  
Purchases, sales and repayments    
Purchases 0  
Proceeds from sales 0  
Proceeds from repayments (9,274)  
Other 0  
Balance, ending $ 187,699