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) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Excess MSRs Investees      
Schedule of Investments in Mortgage Servicing Rights [Line Items]      
Excess MSR assets $ 214,950   $ 226,843
Other assets 24,954   25,035
Other liabilities (687)   (687)
Equity 239,217   251,191
New Residential’s investment $ 119,609   $ 125,596
New Residential’s ownership 50.00%   50.00%
Interest income $ 7,313 $ 4,070  
Other income (loss) (8,219) 1,170  
Expenses (8) (16)  
Net income $ (914) $ 5,224  
MSRs      
Schedule of Investments in Mortgage Servicing Rights [Line Items]      
Weighted average discount rate, used to value investments in excess MSRs 8.20%    
MSRs | Excess MSRs Investees      
Schedule of Investments in Mortgage Servicing Rights [Line Items]      
Weighted average discount rate, used to value investments in excess MSRs 8.30%