Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details)

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VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets    
Excess mortgage servicing rights assets, at fair value $ 359,288 $ 410,855
Servicer advance investments, at fair value [1] 472,004 538,056
Residential mortgage loans, held-for-investment, at fair value [1] 1,142,807 1,359,754
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
Cash and cash equivalents [1] 1,366,678 944,854
Restricted cash [1] 194,745 135,619
Servicer advances receivable 2,782,622 3,002,267
Other assets [1] 2,802,989 1,358,422
Total assets 41,604,115 33,252,114
Liabilities    
Secured financing agreements [1] 22,759,985 17,547,680
Accrued expenses and other liabilities [1] 1,465,562 537,302
Total liabilities 34,977,002 27,822,430
VIE, consolidated    
Assets    
Excess mortgage servicing rights assets, at fair value 352,144  
Servicer advance investments, at fair value 459,812 522,901
Residential mortgage loans, held-for-investment, at fair value 98,373 358,629
Residential mortgage loans, held-for-sale 1,856 346,250
Residential mortgage loans, held-for-sale, at fair value 1,191,416 614,868
Consumer loans, held-for-investment, at fair value 547,598 682,932
Cash and cash equivalents 76,579 92,043
Restricted cash 9,977 10,898
Other assets 374,966 49,864
Total assets 3,112,721 2,678,385
Liabilities    
Secured financing agreements 133,227  
Secured notes and bonds payable 2,288,063 2,077,428
Accrued expenses and other liabilities 22,335 12,972
Total liabilities 2,443,625 2,090,400
VIE, consolidated | The Buyer    
Assets    
Excess mortgage servicing rights assets, at fair value 0  
Servicer advance investments, at fair value 459,812 522,901
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-sale 0 0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans, held-for-investment, at fair value 0 0
Cash and cash equivalents 37,138 53,012
Restricted cash 2,377 2,808
Other assets 9 891
Total assets 499,336 579,612
Liabilities    
Secured financing agreements 0  
Secured notes and bonds payable 374,025 414,576
Accrued expenses and other liabilities 925 1,092
Total liabilities 374,950 415,668
VIE, consolidated | Shelter Joint Ventures    
Assets    
Excess mortgage servicing rights assets, at fair value 0  
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-sale 0 0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans, held-for-investment, at fair value 0 0
Cash and cash equivalents 37,339 39,031
Restricted cash 0 0
Other assets 1,825 9,151
Total assets 39,164 48,182
Liabilities    
Secured financing agreements 0  
Secured notes and bonds payable 0 0
Accrued expenses and other liabilities 6,570 9,455
Total liabilities 6,570 9,455
VIE, consolidated | Residential Mortgage Loans    
Assets    
Excess mortgage servicing rights assets, at fair value 0  
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 98,373 358,629
Residential mortgage loans, held-for-sale 1,856 346,250
Residential mortgage loans, held-for-sale, at fair value 1,191,416 614,868
Consumer loans, held-for-investment, at fair value 0 0
Cash and cash equivalents 2,102 0
Restricted cash 170 0
Other assets 4,545 30,621
Total assets 1,298,462 1,350,368
Liabilities    
Secured financing agreements 133,227  
Secured notes and bonds payable 1,048,821 1,034,093
Accrued expenses and other liabilities 13,848 1,661
Total liabilities 1,195,896 1,035,754
VIE, consolidated | Consumer Loan SPVs    
Assets    
Excess mortgage servicing rights assets, at fair value 0  
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-sale 0 0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans, held-for-investment, at fair value 547,598 682,932
Cash and cash equivalents 0 0
Restricted cash 7,430 8,090
Other assets 7,349 9,201
Total assets 562,377 700,223
Liabilities    
Secured financing agreements 0  
Secured notes and bonds payable 497,346 628,759
Accrued expenses and other liabilities 886 764
Total liabilities 498,232 629,523
VIE, consolidated | MSR Financing Facilities    
Assets    
Excess mortgage servicing rights assets, at fair value 352,144  
Servicer advance investments, at fair value 0 0
Residential mortgage loans, held-for-investment, at fair value 0 0
Residential mortgage loans, held-for-sale 0 0
Residential mortgage loans, held-for-sale, at fair value 0 0
Consumer loans, held-for-investment, at fair value 0 0
Cash and cash equivalents 0 0
Restricted cash 0 0
Other assets 361,238 0
Total assets 713,382 0
Liabilities    
Secured financing agreements 0  
Secured notes and bonds payable 367,871 0
Accrued expenses and other liabilities 106 0
Total liabilities $ 367,977 $ 0
[1] 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.