Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)

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REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
security
bond
Dec. 31, 2020
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 25,494,437  
Carrying Value $ 9,973,795 $ 14,244,558
Weighted Average Life (Years) 1 year 1 month 6 days  
Investments $ 33,060,681  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 370,900  
Number of bonds which New Residential was unable to obtain rating information | bond 301  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments $ 24,800  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 2,800  
AFS Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 96,435  
Gross Unrealized Gains 6,596  
Gross Unrealized Losses 0  
Carrying Value $ 102,807 121,761
Number of Securities | security 1  
Weighted Average Rating AAA  
Weighted Average Coupon 3.50%  
Weighted Average Yield 3.50%  
Weighted Average Life (Years) 4 years 6 months  
AFS Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 3,084,732  
Gross Unrealized Gains 82,716  
Gross Unrealized Losses (123)  
Carrying Value $ 552,159 752,003
Number of Securities | security 339  
Weighted Average Rating AA  
Weighted Average Coupon 3.25%  
Weighted Average Yield 3.08%  
Weighted Average Life (Years) 3 years 4 months 24 days  
Weighted Average Principal Subordination 24.30%  
FVO Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 8,782,782  
Gross Unrealized Gains 203  
Gross Unrealized Losses (185,517)  
Carrying Value $ 8,879,880 12,941,873
Number of Securities | security 40  
Weighted Average Rating AAA  
Weighted Average Coupon 2.13%  
Weighted Average Yield 2.13%  
Weighted Average Life (Years) 6 years 7 months 6 days  
FVO Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 13,530,488  
Gross Unrealized Gains 32,454  
Gross Unrealized Losses (45,813)  
Carrying Value $ 438,949 428,921
Number of Securities | security 257  
Weighted Average Rating AA+  
Weighted Average Coupon 2.16%  
Weighted Average Yield 4.38%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Weighted Average Principal Subordination 21.80%  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 25,494,437  
Gross Unrealized Gains 121,969  
Gross Unrealized Losses (231,453)  
Carrying Value $ 9,973,795 $ 14,244,558
Number of Securities | security 637  
Weighted Average Rating AAA  
Weighted Average Coupon 2.28%  
Weighted Average Yield 3.44%  
Weighted Average Life (Years) 4 years 6 months  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 8,879,217  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 8,900,000  
Non-Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 16,615,220  
Non-Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 10,000,000  
Residual and interest - only notional amount 9,100,000  
Non-Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 6,600,000  
Residual and interest - only notional amount 6,500,000  
Corporate debt    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 414  
Gross Unrealized Gains 8  
Gross Unrealized Losses 0  
Carrying Value $ 422  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.30%  
Weighted Average Yield 8.30%  
Weighted Average Life (Years) 3 years 6 months  
Consumer loan bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 4,394  
Gross Unrealized Gains 1,117  
Gross Unrealized Losses 0  
Carrying Value $ 4,439  
Number of Securities | security 3  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 7,555,236  
Gross Unrealized Gains 8,612  
Gross Unrealized Losses (39,437)  
Carrying Value $ 169,369  
Number of Securities | security 124  
Weighted Average Rating AA+  
Weighted Average Coupon 1.20%  
Weighted Average Yield 1.10%  
Weighted Average Life (Years) 2 years  
Servicing strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 4,771,880  
Gross Unrealized Gains 6,629  
Gross Unrealized Losses (6,270)  
Carrying Value $ 65,633  
Number of Securities | security 59  
Weighted Average Coupon 1.50%  
Weighted Average Yield 16.60%  
Weighted Average Life (Years) 2 years 9 months 18 days