Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS - Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details)

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FAIR VALUE MEASUREMENTS - Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Assets      
Excess MSRs $ 359,288 $ 410,855  
Mortgage servicing rights, at fair value 6,565,267 4,585,841  
Real estate and other securities 9,973,795 14,244,558  
Residential mortgage loans, held-for-sale 14,117,300 5,215,703  
Residential mortgage loans, held-for-sale, at fair value 13,972,557 4,705,816  
Residential mortgage loans subject to repurchase 1,826,620 [1] 1,452,005 [1] $ 1,458,325
Derivative assets 266,904 290,144  
Restricted cash [2] 194,745 135,619  
Liabilities      
Residential mortgage loan repurchase liability 1,800,000    
Derivative liabilities 54,766 119,762  
Recurring Basis      
Assets      
Excess MSRs, principal balance 60,598,856    
Excess MSRs, equity method investees, principal balance 24,230,726    
MSRs and MSR financing receivables, principal balance 549,824,561    
Servicer advance investments, principal balance 408,085    
Real estate and other securities, principal balance 25,494,437    
Residential mortgage loans, held-for-sale, principal balance 164,940    
Residential mortgage loans, held-for-sale, at fair value, principal balance 13,663,696    
Residential mortgage loans, held-for-investment, at fair value, principal balance 657,427    
Residential mortgage loans, subject to repurchase, principal balance 1,826,620    
Consumer loans, principal balance 486,350    
Derivative assets, principal balance 51,930,667    
Note receivable, principal balance 54,092    
Loans receivable, principal balance 233,339    
Cash and cash equivalents 1,366,678    
Restricted cash 194,745    
Liabilities      
Secured financing agreements, principal balance 22,763,086    
Secured notes and bonds payable, principal amount 8,270,813    
Residential mortgage loan repurchase liability, principal balance 1,826,620    
Derivative liabilities, principal amount 16,482,604    
Recurring Basis | Unsecured Senior Notes      
Liabilities      
Unsecured senior notes, net of issuance costs, principal balance 542,849    
Recurring Basis | Level 3      
Liabilities      
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value 807,497 1,695,519  
Recurring Basis | Level 3 | Asset-Backed Securities Issued      
Liabilities      
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability value 798,198 $ 1,662,852  
Recurring Basis | Carrying Value      
Assets      
Excess MSRs 270,180    
Excess MSRs, equity method investees 89,108    
Mortgage servicing rights, at fair value 6,565,267    
Servicer advance investments 472,004    
Real estate and other securities 9,973,795    
Residential mortgage loans, held-for-sale 144,743    
Residential mortgage loans, held-for-sale, at fair value 13,972,557    
Residential mortgage loans, held-for-investment, at fair value 595,012    
Residential mortgage loans subject to repurchase 1,826,620    
Consumer loans 547,795    
Derivative assets 266,904    
Notes receivable 51,663    
Loans receivable 233,339    
Cash and cash equivalents 1,366,678    
Restricted cash 194,745    
Other assets 39,902    
Assets, fair value 36,610,312    
Liabilities      
Secured financing agreements 22,759,985    
Secured notes and bonds payable 8,248,092    
Residential mortgage loan repurchase liability 1,826,620    
Derivative liabilities 54,766    
Contingent consideration 9,299    
Liabilities, fair value 33,441,611    
Recurring Basis | Carrying Value | Unsecured Senior Notes      
Liabilities      
Notes Payable, Fair Value Disclosure 542,849    
Recurring Basis | Fair Value      
Assets      
Excess MSRs 270,180    
Excess MSRs, equity method investees 89,108    
Mortgage servicing rights, at fair value 6,565,267    
Servicer advance investments 472,004    
Real estate and other securities 9,973,795    
Residential mortgage loans, held-for-sale 146,906    
Residential mortgage loans, held-for-sale, at fair value 13,972,557    
Residential mortgage loans, held-for-investment, at fair value 595,012    
Residential mortgage loans subject to repurchase 1,826,620    
Consumer loans 547,795    
Derivative assets 266,904    
Notes receivable 51,663    
Loans receivable 233,339    
Cash and cash equivalents 1,366,678    
Restricted cash 194,745    
Other assets 39,902    
Assets, fair value 36,612,475    
Liabilities      
Secured financing agreements 22,759,985    
Secured notes and bonds payable 8,277,636    
Residential mortgage loan repurchase liability 1,826,620    
Derivative liabilities 54,766    
Contingent consideration 9,299    
Liabilities, fair value 33,483,856    
Recurring Basis | Fair Value | Unsecured Senior Notes      
Liabilities      
Notes Payable, Fair Value Disclosure 555,550    
Recurring Basis | Fair Value | Level 1      
Assets      
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Mortgage servicing rights, at fair value 0    
Servicer advance investments 0    
Real estate and other securities 0    
Residential mortgage loans, held-for-sale 0    
Residential mortgage loans, held-for-sale, at fair value 0    
Residential mortgage loans, held-for-investment, at fair value 0    
Residential mortgage loans subject to repurchase 0    
Consumer loans 0    
Derivative assets 0    
Notes receivable 0    
Loans receivable 0    
Cash and cash equivalents 1,366,678    
Restricted cash 194,745    
Other assets 4,834    
Assets, fair value 1,566,257    
Liabilities      
Secured financing agreements 0    
Secured notes and bonds payable 0    
Residential mortgage loan repurchase liability 0    
Derivative liabilities 0    
Contingent consideration 0    
Liabilities, fair value 0    
Recurring Basis | Fair Value | Level 1 | Unsecured Senior Notes      
Liabilities      
Notes Payable, Fair Value Disclosure 0    
Recurring Basis | Fair Value | Level 2      
Assets      
Excess MSRs 0    
Excess MSRs, equity method investees 0    
Mortgage servicing rights, at fair value 0    
Servicer advance investments 0    
Real estate and other securities 8,982,687    
Residential mortgage loans, held-for-sale 0    
Residential mortgage loans, held-for-sale, at fair value 12,150,003    
Residential mortgage loans, held-for-investment, at fair value 0    
Residential mortgage loans subject to repurchase 1,826,620    
Consumer loans 0    
Derivative assets 122,539    
Notes receivable 0    
Loans receivable 0    
Cash and cash equivalents 0    
Restricted cash 0    
Other assets 0    
Assets, fair value 23,081,849    
Liabilities      
Secured financing agreements 22,759,985    
Secured notes and bonds payable 750,000    
Residential mortgage loan repurchase liability 1,826,620    
Derivative liabilities 34,783    
Contingent consideration 0    
Liabilities, fair value 25,371,388    
Recurring Basis | Fair Value | Level 2 | Unsecured Senior Notes      
Liabilities      
Notes Payable, Fair Value Disclosure 0    
Recurring Basis | Fair Value | Level 3      
Assets      
Excess MSRs 270,180    
Excess MSRs, equity method investees 89,108    
Mortgage servicing rights, at fair value 6,565,267    
Servicer advance investments 472,004    
Real estate and other securities 991,108    
Residential mortgage loans, held-for-sale 146,906    
Residential mortgage loans, held-for-sale, at fair value 1,822,554    
Residential mortgage loans, held-for-investment, at fair value 595,012    
Residential mortgage loans subject to repurchase 0    
Consumer loans 547,795    
Derivative assets 144,365    
Notes receivable 51,663    
Loans receivable 233,339    
Cash and cash equivalents 0    
Restricted cash 0    
Other assets 35,068    
Assets, fair value 11,964,369    
Liabilities      
Secured financing agreements 0    
Secured notes and bonds payable 7,527,636    
Residential mortgage loan repurchase liability 0    
Derivative liabilities 19,983    
Contingent consideration 9,299    
Liabilities, fair value 8,112,468    
Recurring Basis | Fair Value | Level 3 | Unsecured Senior Notes      
Liabilities      
Notes Payable, Fair Value Disclosure 555,550    
Recurring Basis | Fair Value | Fair Value Measured at Net Asset Value Per Share      
Assets      
Other assets $ 31,700    
[1] See Note 5 for details.
[2] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (New Residential). As of September 30, 2021, and December 31, 2020, total assets of consolidated VIEs were $3.1 billion and $2.7 billion, respectively, and total liabilities of consolidated VIEs were $2.4 billion and $2.1 billion, respectively. See Note 13 for further details.