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, 2020
USD ($)
security
bond
Mar. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Sales      
Outstanding Face Amount $ 20,834,705    
Amortized Cost Basis 2,591,656   $ 18,782,175
Carrying Value $ 2,479,603   19,477,728
Weighted Average Life (Years) 1 year 2 months 12 days    
Investments $ 15,476,708    
Bonds      
Sales      
Carrying Value $ 971,600    
Number of bonds which New Residential was unable to obtain rating information | bond 337    
Residual Bonds      
Sales      
Investments $ 29,500    
Non-Agency Bonds      
Sales      
Investments 4,300    
Agency RMBS      
Purchases      
Face 7,140,000 $ 5,024,300  
Purchase price 7,290,000 5,129,400  
Sales      
Face 17,395,000 6,778,800  
Amortized Cost Basis 17,679,300 6,914,300  
Sale price 17,869,100 6,979,400  
Gain (loss) on sale 189,800 65,100  
Outstanding Face Amount 306,566    
Amortized Cost Basis 308,486    
Gross Unrealized Gains 10,082    
Gross Unrealized Losses 0    
Carrying Value $ 318,568   11,519,943
Number of Securities | security 27    
Weighted Average Rating AAA    
Weighted Average Coupon 2.95%    
Weighted Average Yield 2.79%    
Weighted Average Life (Years) 6 years 9 months 18 days    
Agency RMBS | Fixed Rate Securities      
Sales      
Outstanding Face Amount $ 300,000    
Non-Agency      
Purchases      
Face 4,563,200 2,444,000  
Purchase price 539,000 349,700  
Sales      
Face 7,200,000 228,000  
Amortized Cost Basis 5,283,800 228,000  
Sale price 4,358,900 228,000  
Gain (loss) on sale (924,900) $ 0  
Outstanding Face Amount 20,528,139    
Amortized Cost Basis 2,239,021    
Gross Unrealized Gains 69,347    
Gross Unrealized Losses (147,333)    
Carrying Value $ 2,161,035   7,957,785
Number of Securities | security 593    
Weighted Average Rating A-    
Weighted Average Coupon 3.16%    
Weighted Average Yield 5.00%    
Weighted Average Life (Years) 8 years    
Weighted Average Principal Subordination 13.30%    
Non-Agency | Fixed Rate Securities      
Sales      
Outstanding Face Amount $ 11,100,000    
Residual and interest - only notional amount 9,700,000    
Non-Agency | Floating Rate Securities      
Sales      
Outstanding Face Amount 9,400,000    
Residual and interest - only notional amount 8,200,000    
Investments in Real Estate Securities      
Sales      
Outstanding Face Amount 20,834,705    
Amortized Cost Basis 2,547,507    
Gross Unrealized Gains 79,429    
Gross Unrealized Losses (147,333)    
Carrying Value $ 2,479,603   $ 19,477,728
Number of Securities | security 620    
Weighted Average Rating A    
Weighted Average Coupon 3.11%    
Weighted Average Yield 4.74%    
Weighted Average Life (Years) 7 years 9 months 18 days    
Corporate debt      
Sales      
Outstanding Face Amount $ 23,250    
Amortized Cost Basis 18,484    
Gross Unrealized Gains 0    
Gross Unrealized Losses 0    
Carrying Value $ 18,484    
Number of Securities | security 1    
Weighted Average Rating B-    
Weighted Average Coupon 8.25%    
Weighted Average Yield 8.25%    
Weighted Average Life (Years) 5 years    
Consumer loan bonds      
Sales      
Outstanding Face Amount $ 20,114    
Amortized Cost Basis 13,268    
Gross Unrealized Gains 232    
Gross Unrealized Losses (458)    
Carrying Value $ 13,042    
Number of Securities | security 6    
Interest-only securities      
Sales      
Outstanding Face Amount $ 11,698,718    
Amortized Cost Basis 305,697    
Gross Unrealized Gains 22,129    
Gross Unrealized Losses (23,984)    
Carrying Value $ 303,842    
Number of Securities | security 130    
Weighted Average Rating AA    
Weighted Average Coupon 1.30%    
Weighted Average Yield 9.36%    
Weighted Average Life (Years) 3 years 1 month 6 days    
Servicing strips      
Sales      
Outstanding Face Amount $ 4,984,912    
Amortized Cost Basis 56,798    
Gross Unrealized Gains 2,480    
Gross Unrealized Losses (11,292)    
Carrying Value $ 47,986    
Number of Securities | security 53    
Weighted Average Coupon 0.90%    
Weighted Average Yield 8.11%    
Weighted Average Life (Years) 5 years 6 months