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, 2020
Mar. 31, 2019
Dec. 31, 2019
Non-Agency      
Gains (losses) included in net income      
Included in gain (loss) on settlement of investments, net $ (924,900) $ 0  
Excess MSRs Investees      
Purchases, sales and repayments      
New Residential’s ownership 50.00%   50.00%
Recurring Basis | Level 3      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning $ 18,769,854    
Transfers from Level 3 (467,263)    
Transfers to Level 3 1,267,713    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 0    
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities (44,149)    
Included in change in fair value of investments in excess mortgage servicing rights (11,024)    
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (457)    
Included in servicing revenue, net (655,800)    
Included in change in fair value of investments in mortgage servicing rights financing receivables (104,111)    
Included in change in fair value of servicer advance investments (18,749)    
Included in change in fair value of investments in residential mortgage loans (265,244)    
Included in gain (loss) on settlement of investments, net (924,888)    
Included in other income (loss), net (34,960)    
Gains (losses) included in other comprehensive income (609,951)    
Interest income 69,192    
Purchases, sales and repayments      
Purchases 2,566,658    
Proceeds from sales (6,764,449)    
Proceeds from repayments (882,667)    
Originations and other 195,896    
Balance, ending 12,085,601    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning 746,737    
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 (6,425)    
Included in change in fair value of investments in notes receivable - rights to MSRs 0    
Included in change in fair value of servicer advance investments 0    
Included in change in fair value of investments in residential mortgage loans (17,002)    
Included in gain (loss) on settlement of investments, net 0    
Included in other income (loss), net 1,614    
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 (368,979)    
Originations and other (1,203)    
Balance, ending 354,742    
Recurring Basis | Level 3 | Servicer Advances      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 581,777    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (18,749)    
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 (18,089)    
Purchases, sales and repayments      
Purchases 330,140    
Proceeds from sales 0    
Proceeds from repayments (359,505)    
Originations and other 0    
Balance, ending 515,574    
Recurring Basis | Level 3 | MSRs      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 3,967,960    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (655,800)    
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 436,395    
Proceeds from sales (8,504)    
Proceeds from repayments (1,563)    
Originations and other 195,896    
Balance, ending 3,934,384    
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,718,273    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (104,111)    
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 (3,708)    
Proceeds from repayments (6,023)    
Originations and other 0    
Balance, ending 1,604,431    
Recurring Basis | Level 3 | Non-Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 7,957,785    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 0    
Gains (losses) included in net income      
Included in other-than-temporary impairment on securities (44,149)    
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 (924,897)    
Included in other income (loss), net (87,650)    
Gains (losses) included in other comprehensive income (640,403)    
Interest income 67,123    
Purchases, sales and repayments      
Purchases 538,964    
Proceeds from sales (4,358,894)    
Proceeds from repayments (346,844)    
Originations and other 0    
Balance, ending 2,161,035    
Recurring Basis | Level 3 | Derivatives      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 39,891    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 0    
Included in gain (loss) on settlement of investments, net 0    
Included in other income (loss), net 91,249    
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    
Originations and other 0    
Balance, ending 131,140    
Recurring Basis | Level 3 | Residential mortgage loans      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 3,998,825    
Transfers from Level 3 (467,263)    
Transfers to Level 3 440,168    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (265,244)    
Included in gain (loss) on settlement of investments, net 0    
Included in other income (loss), net 730    
Gains (losses) included in other comprehensive income (6,020)    
Interest income 0    
Purchases, sales and repayments      
Purchases 1,250,157    
Proceeds from sales (2,393,309)    
Proceeds from repayments (83,369)    
Originations and other 0    
Balance, ending 2,474,675    
Recurring Basis | Level 3 | Consumer Loans      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 0    
Transfers from Level 3    
Transfers to Level 3 827,545    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 0    
Included in gain (loss) on settlement of investments, net 0    
Included in other income (loss), net (39,916)    
Gains (losses) included in other comprehensive income 36,472    
Interest income 6,932    
Purchases, sales and repayments      
Purchases 11,002    
Proceeds from sales 0    
Proceeds from repayments (61,214)    
Originations and other 0    
Balance, ending 780,821    
Recurring Basis | Level 3 | Excess Spread Financing      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning 31,777    
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 (6,425)    
Included in change in fair value of investments in notes receivable - rights to MSRs 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    
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    
Originations and other 262    
Balance, ending 25,614    
Recurring Basis | Level 3 | Mortgage-Backed Securities Issued      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning 659,738    
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 notes receivable - rights to MSRs 0    
Included in change in fair value of servicer advance investments 0    
Included in change in fair value of investments in residential mortgage loans (17,002)    
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 (368,979)    
Originations and other (1,465)    
Balance, ending 272,292    
Recurring Basis | Level 3 | Contingent Consideration      
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]      
Balance, beginning 55,222    
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 notes receivable - rights to MSRs 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 1,614    
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    
Originations and other 0    
Balance, ending 56,836    
Recurring Basis | Level 3 | MSRs Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 209,633    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (5,557)    
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 8    
Included in other income (loss), net 557    
Gains (losses) included in other comprehensive income 0    
Interest income 6,146    
Purchases, sales and repayments      
Purchases 0    
Proceeds from sales (31)    
Proceeds from repayments (10,589)    
Originations and other 0    
Balance, ending 200,167    
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 125,596    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (457)    
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 (5,530)    
Originations and other 0    
Balance, ending 119,609    
Recurring Basis | Level 3 | MSRs Non-Agency      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 170,114    
Transfers from Level 3 0    
Transfers to Level 3 0    
Shellpoint Acquisition 0    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights 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 (5,467)    
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 1    
Included in other income (loss), net 70    
Gains (losses) included in other comprehensive income 0    
Interest income 7,080    
Purchases, sales and repayments      
Purchases 0    
Proceeds from sales (3)    
Proceeds from repayments (8,030)    
Originations and other 0    
Balance, ending $ 163,765