Rithm Capital (RITM) 10-Q 30 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 20, 2018
Document And Entity Information
Entity Registrant Name	New Residential Investment Corp.
Entity Central Index Key	1,556,593
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		339,862,769
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Investments in:
Excess mortgage servicing rights, at fair value		$ 495,299	$ 1,173,713
Excess mortgage servicing rights, equity method investees, at fair value		159,034	171,765
Mortgage servicing rights, at fair value		2,232,126	1,735,504
Mortgage servicing rights financing receivables, at fair value		1,904,919	598,728
Servicer advance investments, at fair value	[1]	843,438	4,027,379
Real estate and other securities, available-for-sale		8,084,927	8,071,140
Residential mortgage loans, held-for-investment		690,771	691,155
Residential mortgage loans, held-for-sale		2,021,319	1,725,534
Real estate owned		125,701	128,295
Consumer loans, held-for-investment	[1]	1,212,917	1,374,263
Consumer loans, equity method investees		57,820	51,412
Cash and cash equivalents	[1]	193,236	295,798
Restricted cash		161,441	150,252
Servicer advances receivable		3,215,361	675,593
Trades receivable		1,076,626	1,030,850
Other assets		468,796	312,181
Total assets		22,943,731	22,213,562
Liabilities
Repurchase agreements		8,757,134	8,662,139
Notes and bonds payable	[1]	6,707,776	7,084,391
Trades payable		1,168,865	1,169,896
Due to affiliates		48,648	88,961
Dividends payable		169,931	153,681
Deferred tax liability, net		8,403	19,218
Accrued expenses and other liabilities		284,050	239,114
Total liabilities		17,144,807	17,417,400
Commitments and Contingencies
Equity
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 339,862,769 and 307,361,309 issued and outstanding at June 30, 2018 and December 31, 2017, respectively		3,399	3,074
Additional paid-in capital		4,246,135	3,763,188
Retained earnings		1,000,488	559,476
Accumulated other comprehensive income (loss)		458,771	364,467
Total New Residential stockholders’ equity		5,708,793	4,690,205
Noncontrolling interests in equity of consolidated subsidiaries		90,131	105,957
Total equity		5,798,924	4,796,162
Total Liabilities And Stockholders Equity		$ 22,943,731	$ 22,213,562
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	339,862,769	307,361,309
Common stock, shares outstanding (in shares)	339,862,769	307,361,309

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Interest income	$ 403,805	$ 471,952	$ 787,378	$ 764,490
Interest expense	133,916	115,157	258,303	213,386
Net interest income (expense)	269,889	356,795	529,075	551,104
Impairment
Other-than-temporary impairment (OTTI) on securities	12,631	5,115	19,301	7,227
Valuation and loss provision (reversal) on loans and real estate owned (REO)	3,658	20,771	22,665	38,681
Total Impairment Charges	16,289	25,886	41,966	45,908
Net interest income after impairment	253,600	330,909	487,109	505,196
Servicing revenue, net	146,193	170,851	363,429	211,453
Other Income
Change in fair value of investments in excess mortgage servicing rights	(5,276)	(19,180)	(50,967)	(18,359)
Change in fair value of investments in excess mortgage servicing rights, equity method investees	1,705	4,246	2,228	4,002
Change in fair value of investments in mortgage servicing rights financing receivables	(119,103)	5,596	151,973	5,596
Change in fair value of servicer advance investments	(1,752)	56,969	(81,228)	59,528
Gain (loss) on settlement of investments, net	14,655	13,371	117,957	(303)
Earnings from investments in consumer loans, equity method investees	2,982	5,880	7,788	5,880
Other income (loss), net	9,977	(9,035)	19,961	(2,191)
Other Income	(96,812)	57,847	167,712	54,153
Operating Expenses
General and administrative expenses	20,575	16,042	40,582	27,869
Management fee to affiliate	15,453	14,186	30,563	27,260
Incentive compensation to affiliate	26,732	40,172	41,321	52,632
Loan servicing expense	11,035	13,002	22,549	26,378
Subservicing expense	45,958	55,958	92,555	73,662
Total Operating Expenses	119,753	139,360	227,570	207,801
Income (Loss) Before Income Taxes	183,228	420,247	790,680	563,001
Income tax expense (benefit)	(2,608)	82,844	(9,520)	88,440
Net Income (Loss)	185,836	337,403	800,200	474,561
Noncontrolling Interests in Income of Consolidated Subsidiaries	11,078	15,671	21,189	31,451
Net income (loss) attributable to common stockholders	$ 174,758	$ 321,732	$ 779,011	$ 443,110
Net Income Per Share of Common Stock
Basic (in dollars per share)	$ 0.52	$ 1.05	$ 2.34	$ 1.49
Diluted (in dollars per share)	$ 0.51	$ 1.04	$ 2.32	$ 1.48
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)	336,311,253	307,344,874	333,364,426	297,029,904
Diluted (in shares)	339,538,503	309,392,512	336,476,481	298,875,279
Dividend declared per Share of Common Stock (in dollars per share)	$ 0.5	$ 0.5	$ 1	$ 0.98

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Comprehensive income (loss), net of tax
Net income	$ 185,836	$ 337,403	$ 800,200	$ 474,561
Other comprehensive income (loss)
Net unrealized gain (loss) on securities	18,069	170,322	37,045	201,960
Reclassification of net realized (gain) loss on securities into earnings	21,362	(16,142)	57,259	(15,023)
Total other comprehensive income (loss)	39,431	154,180	94,304	186,937
Total comprehensive income (loss)	225,267	491,583	894,504	661,498
Comprehensive income attributable to noncontrolling interests	11,078	15,671	21,189	31,451
Comprehensive income attributable to common stockholders	$ 214,189	$ 475,912	$ 873,315	$ 630,047

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total New Residential Stockholders’ Equity	Noncontrolling Interests in Equity of Consolidated Subsidiaries
Equity, beginning balance (in shares) at Dec. 31, 2016		250,773,117
Equity, beginning balance at Dec. 31, 2016	$ 3,468,177	$ 2,507	$ 2,920,730	$ 210,500	$ 126,363	$ 3,260,100	$ 208,077
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared	(301,196)			(301,196)		(301,196)
Capital contributions	0						0
Capital distributions	(45,374)						(45,374)
Issuance of common stock (in shares)		56,545,787
Issuance of common stock	834,529	$ 566	833,963			834,529
Other dilution	625		625			625
Director share grants (in shares)		42,405
Director share grants	699	$ 1	698			699	0
Comprehensive income (loss)
Net income (loss)	474,561			443,110		443,110	31,451
Net unrealized gain (loss) on securities	201,960				201,960	201,960
Reclassification of net realized (gain) loss on securities into earnings	(15,023)				(15,023)	(15,023)
Total comprehensive income (loss)	661,498					630,047	31,451
Equity, ending balance (in shares) at Jun. 30, 2017		307,361,309
Equity, ending balance at Jun. 30, 2017	4,618,958	$ 3,074	3,756,016	352,414	313,300	4,424,804	194,154
Equity, beginning balance (in shares) at Dec. 31, 2017		307,361,309
Equity, beginning balance at Dec. 31, 2017	4,796,162	$ 3,074	3,763,188	559,476	364,467	4,690,205	105,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared	(337,999)			(337,999)		(337,999)
Capital contributions	0						0
Capital distributions	(37,015)						(37,015)
Issuance of common stock (in shares)		28,750,000
Issuance of common stock	$ 482,253	$ 288	481,965			482,253
Options exercise (in shares)	15,803,216	3,694,228
Option exercise	$ 0	$ 36	(36)			0
Director share grants (in shares)		57,231.5688073394
Director share grants	1,019	$ 1	1,018			1,019	0
Comprehensive income (loss)
Net income (loss)	800,200			779,011		779,011	21,189
Net unrealized gain (loss) on securities	37,045				37,045	37,045
Reclassification of net realized (gain) loss on securities into earnings	57,259				57,259	57,259
Total comprehensive income (loss)	894,504					873,315	21,189
Equity, ending balance (in shares) at Jun. 30, 2018		339,862,769
Equity, ending balance at Jun. 30, 2018	$ 5,798,924	$ 3,399	$ 4,246,135	$ 1,000,488	$ 458,771	$ 5,708,793	$ 90,131

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows From Operating Activities
Net income	$ 800,200	$ 474,561
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments in excess mortgage servicing rights	50,967	18,359
Change in fair value of investments in excess mortgage servicing rights, equity method investees	(2,228)	(4,002)
Change in fair value of investments in mortgage servicing rights financing receivables	(151,973)	(5,596)
Change in fair value of servicer advance investments	81,228	(59,528)
(Gain) / loss on settlement of investments (net)	(117,957)	303
Earnings from investments in consumer loans, equity method investees	(7,788)	(5,880)
Unrealized (gain) / loss on derivative instruments	(3,686)	3,684
Unrealized (gain) / loss on other ABS	(4,804)	(151)
(Gain) / loss on transfer of loans to REO	(10,490)	(11,612)
(Gain) / loss on transfer of loans to other assets	120	(293)
(Gain) / loss on Excess MSRs	(4,270)	(1,342)
(Gain) / loss on Ocwen common stock	(4,800)	0
Accretion and other amortization	(359,105)	(545,386)
Other-than-temporary impairment	19,301	7,227
Valuation and loss provision (reversal) on loans and real estate owned (REO)	22,665	38,681
Non-cash portions of servicing revenue, net	(61,859)	1,618
Non-cash directors’ compensation	1,019	698
Deferred tax provision	(10,815)	85,606
Changes in:
Servicer advances receivable	425,215	(7,780)
Other assets	(79,511)	(25,621)
Due to affiliates	(40,313)	17,465
Accrued expenses and other liabilities	39,032	12,985
Other operating cash flows:
Interest received from excess mortgage servicing rights	21,399	32,174
Interest received from servicer advance investments	17,826	96,639
Interest received from Non-Agency RMBS	98,268	118,339
Interest received from residential mortgage loans, held-for-investment	4,350	3,097
Interest received from PCD consumer loans, held-for-investment	17,858	28,262
Distributions of earnings from equity method investees	6,530	7,433
Purchases of residential mortgage loans, held-for-sale	(2,402,258)	(3,193,841)
Proceeds from sales of purchased residential mortgage loans, held-for-sale	1,776,239	2,523,335
Principal repayments from purchased residential mortgage loans, held-for-sale	73,153	45,867
Net cash provided by (used in) operating activities	196,776	(343,470)
Cash Flows From Investing Activities
Purchase of servicer advance investments	(1,313,291)	(6,341,861)
Purchase of Agency RMBS	(2,210,812)	(4,561,503)
Purchase of Non-Agency RMBS	(947,955)	(1,826,031)
Purchase of residential mortgage loans	(85,778)	(586,154)
Purchase of derivatives	0	0
Purchase of real estate owned and other assets	(23,948)	(19,168)
Purchase of investment in consumer loans, equity method investees	(205,641)	(192,467)
Draws on revolving consumer loans	(20,636)	(27,240)
Payments for settlement of derivatives	(40,980)	(98,399)
Return of investments in excess mortgage servicing rights	31,097	95,144
Principal repayments from servicer advance investments	1,326,252	7,491,101
Principal repayments from Agency RMBS	43,403	50,412
Principal repayments from Non-Agency RMBS	374,084	265,767
Principal repayments from residential mortgage loans	69,133	21,277
Proceeds from sale of residential mortgage loans	21,155	0
Principal repayments from consumer loans	152,512	212,883
Proceeds from sale of Agency RMBS	2,956,351	3,534,480
Proceeds from sale of Non-Agency RMBS	66,198	154,498
Proceeds from settlement of derivatives	110,467	44,764
Proceeds from sale of real estate owned	71,994	38,528
Net cash provided by (used in) investing activities	(55,662)	(2,775,859)
Cash Flows From Financing Activities
Repayments of repurchase agreements	(33,450,992)	(20,745,543)
Margin deposits under repurchase agreements and derivatives	(670,912)	(550,012)
Repayments of notes and bonds payable	(5,053,552)	(4,947,215)
Payment of deferred financing fees	(10,614)	(5,325)
Common stock dividends paid	(321,749)	(262,874)
Borrowings under repurchase agreements	33,542,060	23,815,777
Return of margin deposits under repurchase agreements and derivatives	604,930	547,290
Borrowings under notes and bonds payable	4,683,103	4,741,739
Issuance of common stock	482,696	835,465
Costs related to issuance of common stock	(442)	(936)
Noncontrolling interest in equity of consolidated subsidiaries - contributions	0	0
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(37,015)	(45,374)
Purchase of noncontrolling interests in the Buyer	0	0
Net cash provided by (used in) financing activities	(232,487)	3,382,992
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(91,373)	263,663
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	446,050	453,697
Cash, Cash Equivalents, and Restricted Cash, End of Period	354,677	717,360
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	248,990	198,553
Cash paid during the period for income taxes	3,176	4,765
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid	169,931	153,678
Transfer from residential mortgage loans to real estate owned and other assets	56,789	71,747
Real estate securities retained from loan securitizations	224,359	284,874
Ocwen transaction (Note 5) - excess mortgage servicing rights	638,567	0
Ocwen transaction (Note 5) - servicer advance investments	3,175,891	0
Ocwen transaction (Note 5) - mortgage servicing rights financing receivables	1,017,993	0
Mortgage Servicing Rights and Servicer Advances
Cash Flows From Investing Activities
Purchase of MSRs, MSR financing receivables and servicer advances receivable	(628,841)	(1,177,658)
Supplemental Schedule of Non-Cash Investing and Financing Activities
MSR purchase price holdback	1,210	71,265
Agency RMBS
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase of Agency and Non-Agency RMBS, settled after quarter end	1,168,865	1,814,344
Sale of investments, primarily Agency RMBS, settled after quarter end	1,076,626	2,677,542
Consumer Loans
Other operating cash flows:
Distributions of earnings from equity method investees	3,263	1,229
Cash Flows From Investing Activities
Return of investments, equity method investees	191,145	136,021
Excess MSRs Investees
Cash Flows From Investing Activities
Return of investments, equity method investees	8,429	9,747
LoanCo
Supplemental Schedule of Non-Cash Investing and Financing Activities
Non-cash distributions from LoanCo	$ 12,613	$ 16,062

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION New Residential Investment Corp. (together with its subsidiaries, “New Residential”) is a Delaware corporation that was formed as a limited liability company in September 2011 for the purpose of making real estate related investments and commenced operations on December 8, 2011. On December 20, 2012, New Residential was converted to a corporation. Drive Shack Inc. (“Drive Shack”), formerly Newcastle Investment Corp., was the sole stockholder of New Residential until the spin-off, which was completed on May 15, 2013. Following the spin-off, New Residential is an independent publicly traded real estate investment trust (“REIT”) primarily focused on investing in residential mortgage related assets. New Residential is listed on the New York Stock Exchange (“NYSE”) under the symbol “NRZ.” New Residential has elected and intends to qualify to be taxed as a REIT for U.S. federal income tax purposes. As such, New Residential will generally not be subject to U.S. federal corporate income tax on that portion of its net income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. See Note 17 regarding New Residential’s taxable REIT subsidiaries. New Residential has entered into a management agreement (the “Management Agreement”) with FIG LLC (the “Manager”), an affiliate of Fortress Investment Group LLC (“Fortress”), pursuant to which the Manager provides a management team and other professionals who are responsible for implementing New Residential’s business strategy, subject to the supervision of New Residential’s board of directors. For its services, the Manager is entitled to management fees and incentive compensation, both defined in, and in accordance with the terms of, the Management Agreement. The Manager also managed Drive Shack and manages investment funds that until June 2018, owned a majority of the outstanding common stock of OneMain Holdings, Inc. (formerly Springleaf Holdings, Inc.) (together with its subsidiaries, “OneMain”), former managing member of the Consumer Loan Companies (Note 9). The Manager also manages investment funds that indirectly own approximately 40.5% of the outstanding interests in Nationstar Mortgage LLC (“Nationstar”), a leading residential mortgage servicer. As of June 30, 2018 , New Residential conducted its business through the following segments: (i) investments in excess mortgage servicing rights (“Excess MSRs”), (ii) investments in mortgage servicing rights (“MSRs”), (iii) Servicer Advance Investments (including the basic fee component of the related MSRs), (iv) investments in real estate securities, (v) investments in residential mortgage loans, (vi) investments in consumer loans and (vii) corporate. Approximately 0.5 million shares of New Residential’s common stock were held by Fortress, through its affiliates, as of June 30, 2018 . In addition, Fortress, through its affiliates, held options relating to approximately 4.0 million shares of New Residential’s common stock as of June 30, 2018 . Interim Financial Statements The accompanying condensed consolidated financial statements and related notes of New Residential have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and note disclosures normally included in financial statements prepared under U.S. generally accepted accounting principles have been condensed or omitted. In the opinion of management, all adjustments considered necessary for a fair presentation of New Residential’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. These condensed consolidated financial statements should be read in conjunction with New Residential’s consolidated financial statements for the year ended December 31, 2017 and notes thereto included in New Residential’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”). Capitalized terms used herein, and not otherwise defined, are defined in New Residential’s consolidated financial statements for the year ended December 31, 2017 . Certain prior period amounts have been reclassified to conform to the current period’s presentation. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenues from Contracts with Customers (Topic 606) . The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In effect, companies are required to exercise further judgment and make more estimates prospectively. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU No. 2014-09 was effective for New Residential in the first quarter of 2018. New Residential has evaluated the new guidance and determined that interest income, gains and losses on financial instruments and income from servicing residential mortgage loans are outside the scope of ASC No. 606. For income from servicing residential mortgage loans, New Residential considered that the FASB Transition Resource Group members generally agreed that an entity should look to ASC No. 860, Transfers and Servicing, to determine the appropriate accounting for these fees and ASC No. 606 contains a scope exception for contracts that fall under ASC No. 860. In addition, NRM determined that ancillary income generated from services for mortgage loans and REO properties represent servicing fees due to a servicer, through contractual terms, that would no longer be received by a servicer if the owners of the serviced loans were to exercise their authority to shift the servicing to another servicer and, therefore, similarly fall under ASC No. 860. As a result, the adoption of ASU No. 2014-09 did not have a material impact on the condensed consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The standard: (i) requires that certain equity investments be measured at fair value, and modifies the assessment of impairment for certain other equity investments, (ii) changes certain disclosure requirements related to the fair value of financial instruments measured at amortized cost, (iii) changes certain disclosure requirements related to liabilities measured at fair value, (iv) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (v) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU No. 2016-01 was effective for New Residential in the first quarter of 2018. The adoption of ASU No. 2016-01 did not have a material impact on the condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . The standard requires that lessees recognize a right-of-use asset and corresponding lease liability on the balance sheet for most leases. The guidance applied by a lessor under ASU No. 2016-02 is substantially similar to existing GAAP. ASU No. 2016-02 is effective for New Residential in the first quarter of 2019. Early adoption is permitted upon issuance. An entity should apply ASU No. 2016-02 by means of a modified retrospective transition method for all leases existing at, or entered into after, the date of initial application. The adoption of ASU No. 2016-02 is not expected to have a material impact on the condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . The standard requires that a financial asset measured at amortized cost basis be presented at the net amount expected to be collected, net of an allowance for all expected (rather than incurred) credit losses. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The standard also changes the accounting for purchased credit deteriorated assets and available-for-sale securities, which will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. ASU No. 2016-13 is effective for New Residential in the first quarter of 2020. Early adoption is permitted beginning in 2019. An entity should apply ASU No. 2016-13 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements, which at the date of adoption is expected to increase the allowance for credit losses with a resulting negative adjustment to retained earnings. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory . The standard requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 was effective for New Residential in the first quarter of 2018. The adoption of ASU No. 2016-16 did not have a material impact on the condensed consolidated financial statements.

OTHER INCOME, ASSETS AND LIABIL

OTHER INCOME, ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2018
Other Income Assets And Liabilities
OTHER INCOME, ASSETS AND LIABILITIES	OTHER INCOME, ASSETS AND LIABILITIES Gain (loss) on settlement of investments, net is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Gain (loss) on sale of real estate securities, net $ (8,731 ) $ 21,257 $ (37,958 ) $ 22,250 Gain (loss) on sale of residential mortgage loans, net 9,228 26,373 (5,423 ) 28,938 Gain (loss) on settlement of derivatives 19,270 (27,734 ) 56,633 (39,570 ) Gain (loss) on liquidated residential mortgage loans (769 ) (3,628 ) (1,154 ) (5,844 ) Gain (loss) on sale of REO (4,343 ) (2,702 ) (7,143 ) (5,312 ) Gains reclassified from change in fair value of investments in excess MSRs and servicer advance investments — — 113,002 — Other gains (losses) — (195 ) — (765 ) $ 14,655 $ 13,371 $ 117,957 $ (303 ) Other income (loss), net, is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Unrealized gain (loss) on derivative instruments $ 1,240 $ (8,010 ) $ 3,686 $ (3,684 ) Unrealized gain (loss) on other ABS 5,117 (607 ) 4,804 151 Gain (loss) on transfer of loans to REO 6,320 4,978 10,490 11,612 Gain (loss) on transfer of loans to other assets (175 ) 81 (120 ) 293 Gain (loss) on Excess MSRs 1,365 715 4,270 1,342 Gain (loss) on Ocwen common stock (972 ) — 4,800 — Other income (loss) (2,918 ) (6,192 ) (7,969 ) (11,905 ) $ 9,977 $ (9,035 ) $ 19,961 $ (2,191 ) Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Margin receivable, net $ 119,211 $ 53,150 Interest payable $ 33,260 $ 28,821 Other receivables 66,167 10,635 Accounts payable 45,030 73,017 Principal and interest receivable 53,576 48,373 Derivative liabilities (Note 10) 7,811 697 Receivable from government agency 25,020 41,429 Current taxes payable — — Call rights 327 327 Due to servicers 76,749 24,571 Derivative assets (Note 10) 10 2,423 MSR purchase price holdback 100,080 101,290 Servicing fee receivables 74,095 60,520 Other liabilities 21,120 10,718 Ginnie Mae EBO servicer advances receivable, net 2,269 8,916 $ 284,050 $ 239,114 Due from servicers 58,181 38,601 Ocwen common stock, at fair value 24,059 19,259 Prepaid expenses 9,479 7,308 Other assets 36,402 21,240 $ 468,796 $ 312,181 As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following: Six Months Ended 2018 2017 Accretion of servicer advances receivable discount and servicer advance investments $ 146,024 $ 316,512 Accretion of excess mortgage servicing rights income 20,743 49,546 Accretion of net discount on securities and loans (A) 197,331 187,039 Amortization of deferred financing costs (3,963 ) (6,800 ) Amortization of discount on notes and bonds payable (1,030 ) (911 ) $ 359,105 $ 545,386 (A) Includes accretion of the accretable yield on PCD loans.

SEGMENT REPORTING

SEGMENT REPORTING	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING New Residential conducts its business through the following segments: (i) investments in Excess MSRs, (ii) investments in MSRs, (iii) Servicer Advance Investments, (iv) investments in real estate securities, (v) investments in residential mortgage loans, (vi) investments in consumer loans, and (vii) corporate. The corporate segment consists primarily of (i) general and administrative expenses, (ii) the management fees and incentive compensation related to the Management Agreement and (iii) corporate cash and related interest income. Securities owned by New Residential (Note 7) that are collateralized by servicer advances and consumer loans are included in the Servicer Advances and Consumer Loans segments, respectively. Secured corporate loans effectively collateralized by Excess MSRs are included in the Excess MSRs segment. Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole: Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended June 30, 2018 Interest income $ 11,384 $ 167,754 $ 12,494 $ 115,592 $ 40,685 $ 55,022 $ 874 $ 403,805 Interest expense 2,470 46,834 6,431 48,548 18,614 11,019 — 133,916 Net interest income (expense) 8,914 120,920 6,063 67,044 22,071 44,003 874 269,889 Impairment — — — 12,631 (9,430 ) 13,088 — 16,289 Servicing revenue, net — 146,193 — — — — — 146,193 Other income (loss) (2,973 ) (118,334 ) (1,633 ) 16,783 5,727 4,478 (860 ) (96,812 ) Operating expenses 14 50,111 267 643 10,275 8,839 49,604 119,753 Income (Loss) Before Income Taxes 5,927 98,668 4,163 70,553 26,953 26,554 (49,590 ) 183,228 Income tax expense (benefit) — — 203 — (2,811 ) — — (2,608 ) Net Income (Loss) $ 5,927 $ 98,668 $ 3,960 $ 70,553 $ 29,764 $ 26,554 $ (49,590 ) $ 185,836 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 1,056 $ — $ — $ 10,022 $ — $ 11,078 Net income (loss) attributable to common stockholders $ 5,927 $ 98,668 $ 2,904 $ 70,553 $ 29,764 $ 16,532 $ (49,590 ) $ 174,758 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Six Months Ended June 30, 2018 Interest income $ 20,743 $ 334,272 $ 31,385 $ 216,725 $ 75,077 $ 107,670 $ 1,506 $ 787,378 Interest expense 6,959 90,945 12,861 90,078 34,925 22,535 — 258,303 Net interest income (expense) 13,784 243,327 18,524 126,647 40,152 85,135 1,506 529,075 Impairment — — — 19,301 (4,247 ) 26,912 — 41,966 Servicing revenue, net — 363,429 — — — — — 363,429 Other income (loss) (4,862 ) 153,443 (8,210 ) 27,352 (14,490 ) 9,568 4,911 167,712 Operating expenses 75 102,389 411 940 19,222 18,276 86,257 227,570 Income (Loss) Before Income Taxes 8,847 657,810 9,903 133,758 10,687 49,515 (79,840 ) 790,680 Income tax expense (benefit) — (6,729 ) (224 ) — (2,811 ) 244 — (9,520 ) Net Income (Loss) $ 8,847 $ 664,539 $ 10,127 $ 133,758 $ 13,498 $ 49,271 $ (79,840 ) $ 800,200 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 2,439 $ — $ — $ 18,750 $ — $ 21,189 Net income (loss) attributable to common stockholders $ 8,847 $ 664,539 $ 7,688 $ 133,758 $ 13,498 $ 30,521 $ (79,840 ) $ 779,011 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total June 30, 2018 Investments $ 654,333 $ 4,137,045 $ 843,438 $ 8,084,927 $ 2,837,791 $ 1,270,737 $ — $ 17,828,271 Cash and cash equivalents 489 120,857 32,154 4,885 10,403 17,283 7,165 193,236 Restricted cash 3,718 104,677 9,441 — — 43,605 — 161,441 Other assets 3,617 3,306,219 3,749 1,211,807 116,590 39,167 79,634 4,760,783 Total assets $ 662,157 $ 7,668,798 $ 888,782 $ 9,301,619 $ 2,964,784 $ 1,370,792 $ 86,799 $ 22,943,731 Debt $ 197,563 $ 4,845,717 $ 639,252 $ 6,365,317 $ 2,237,388 $ 1,179,673 $ — $ 15,464,910 Other liabilities 1,140 208,277 (14,004 ) 1,195,845 48,873 15,199 224,567 1,679,897 Total liabilities 198,703 5,053,994 625,248 7,561,162 2,286,261 1,194,872 224,567 17,144,807 Total equity 463,454 2,614,804 263,534 1,740,457 678,523 175,920 (137,768 ) 5,798,924 Noncontrolling interests in equity of consolidated subsidiaries — — 58,286 — — 31,845 — 90,131 Total New Residential stockholders’ equity $ 463,454 $ 2,614,804 $ 205,248 $ 1,740,457 $ 678,523 $ 144,075 $ (137,768 ) $ 5,708,793 Investments in equity method investees $ 159,034 $ — $ — $ — $ — $ 57,820 $ — $ 216,854 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended June 30, 2017 Interest income $ 18,128 $ 2,535 $ 244,308 $ 113,475 $ 25,638 $ 67,698 $ 170 $ 471,952 Interest expense 9,005 10,600 40,720 29,571 11,628 13,633 — 115,157 Net interest income (expense) 9,123 (8,065 ) 203,588 83,904 14,010 54,065 170 356,795 Impairment — — — 5,115 5,261 15,510 — 25,886 Servicing revenue, net — 170,851 — — — — — 170,851 Other income (loss) (14,219 ) 5,596 54,774 (15,374 ) 21,174 5,896 — 57,847 Operating expenses 112 59,318 605 297 8,406 11,544 59,078 139,360 Income (Loss) Before Income Taxes (5,208 ) 109,064 257,757 63,118 21,517 32,907 (58,908 ) 420,247 Income tax expense (benefit) — (10,666 ) 88,547 — 4,793 170 — 82,844 Net Income (Loss) $ (5,208 ) $ 119,730 $ 169,210 $ 63,118 $ 16,724 $ 32,737 $ (58,908 ) $ 337,403 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 3,328 $ — $ — $ 12,343 $ — $ 15,671 Net income (loss) attributable to common stockholders $ (5,208 ) $ 119,730 $ 165,882 $ 63,118 $ 16,724 $ 20,394 $ (58,908 ) $ 321,732 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Six Months Ended June 30, 2017 Interest income $ 49,546 $ 2,560 $ 321,012 $ 207,283 $ 43,631 $ 140,104 $ 354 $ 764,490 Interest expense 19,077 11,587 84,596 50,452 19,168 28,506 — 213,386 Net interest income (expense) 30,469 (9,027 ) 236,416 156,831 24,463 111,598 354 551,104 Impairment — — — 7,227 3,243 35,438 — 45,908 Servicing revenue, net — 211,453 — — — — — 211,453 Other income (loss) (13,015 ) 5,809 56,575 (20,970 ) 19,838 5,916 — 54,153 Operating expenses 198 79,041 1,429 628 14,259 22,982 89,264 207,801 Income (Loss) Before Income Taxes 17,256 129,194 291,562 128,006 26,799 59,094 (88,910 ) 563,001 Income tax expense (benefit) — (11,945 ) 97,739 — 2,476 170 — 88,440 Net Income (Loss) $ 17,256 $ 141,139 $ 193,823 $ 128,006 $ 24,323 $ 58,924 $ (88,910 ) $ 474,561 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 9,148 $ — $ — $ 22,303 $ — $ 31,451 Net income (loss) attributable to common stockholders $ 17,256 $ 141,139 $ 184,675 $ 128,006 $ 24,323 $ 36,621 $ (88,910 ) $ 443,110

INVESTMENTS IN EXCESS MORTGAGE

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2018
Transfers and Servicing [Abstract]
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 21,037 (294 ) — 20,743 Other income 3,460 — — 3,460 Proceeds from repayments (53,161 ) (339 ) — (53,500 ) Proceeds from sales — — — — Change in fair value (10,681 ) 131 (40,417 ) (50,967 ) New Ocwen Agreements (Note 5) — — (598,150 ) (598,150 ) Balance as of June 30, 2018 $ 492,888 $ 2,411 $ — $ 495,299 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advance Investments acquired from HLSS. In January 2018, New Residential entered into the New Ocwen Agreements as described in Note 5. Subsequent to the New Ocwen Agreements, the Excess MSRs serviced by Ocwen became reclassified, as described in Note 5. Nationstar, SLS, or Ocwen, as applicable, as servicer, performs all of the servicing and advancing functions, and retains the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in the portfolio. New Residential has entered into a “recapture agreement” with respect to each of the Excess MSR investments serviced by Nationstar and SLS. Under such arrangements, New Residential is generally entitled to a pro rata interest in the Excess MSRs on any initial or subsequent refinancing by Nationstar of a loan in the original portfolio. These recapture agreements do not apply to New Residential’s Servicer Advance Investments (Note 6). New Residential elected to record its investments in Excess MSRs at fair value pursuant to the fair value option for financial instruments in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on the Excess MSRs. The following is a summary of New Residential’s direct investments in Excess MSRs: June 30, 2018 December 31, 2017 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) Carrying Value (C) New Residential (D) Fortress-managed funds Nationstar Agency Original and Recaptured Pools $ 60,151,459 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.8 $ 233,707 $ 261,558 $ 280,033 Recapture Agreements — 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 13.0 16,792 38,013 44,603 60,151,459 6.3 250,499 299,571 324,636 Non-Agency (E) Nationstar and SLS Serviced: Original and Recaptured Pools $ 59,189,735 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 5.6 $ 144,681 $ 178,345 $ 190,696 Recapture Agreements — 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 12.8 5,897 17,383 19,814 Ocwen Serviced Pools — —% —% —% — — — 638,567 59,189,735 5.9 150,578 195,728 849,077 Total $ 119,341,194 6.1 $ 401,077 $ 495,299 $ 1,173,713 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired. (C) Carrying Value represents the fair value of the pools or recapture agreements, as applicable. (D) Amounts in parentheses represent weighted averages. (E) New Residential also invested in related Servicer Advance Investments, including the basic fee component of the related MSR as of June 30, 2018 (Note 6) on $44.9 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Original and Recaptured Pools $ (2,567 ) $ (21,736 ) $ (45,689 ) $ (28,984 ) Recapture Agreements (2,709 ) 2,556 (5,278 ) 10,625 $ (5,276 ) $ (19,180 ) $ (50,967 ) $ (18,359 ) As of June 30, 2018 , a weighted average discount rate of 8.8% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). New Residential entered into investments in joint ventures (“Excess MSR joint ventures”) jointly controlled by New Residential and Fortress-managed funds investing in Excess MSRs. New Residential elected to record these investments at fair value pursuant to the fair value option for financial instruments to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors. The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential: June 30, 2018 December 31, 2017 Excess MSR assets $ 297,022 $ 321,197 Other assets 21,732 22,333 Other liabilities (687 ) — Equity $ 318,067 $ 343,530 New Residential’s investment $ 159,034 $ 171,765 New Residential’s ownership 50.0 % 50.0 % Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest income $ 6,864 $ 8,931 $ 12,091 $ 13,114 Other income (loss) (3,453 ) (420 ) (7,635 ) (5,065 ) Expenses — (19 ) — (45 ) Net income (loss) $ 3,411 $ 8,492 $ 4,456 $ 8,004 New Residential’s investments in equity method investees changed during the six months ended June 30, 2018 as follows: Balance at December 31, 2017 $ 171,765 Contributions to equity method investees — Distributions of earnings from equity method investees (6,530 ) Distributions of capital from equity method investees (8,429 ) Change in fair value of investments in equity method investees 2,228 Balance at June 30, 2018 $ 159,034 The following is a summary of New Residential’s Excess MSR investments made through equity method investees: June 30, 2018 Unpaid Principal Balance Investee Interest in Excess MSR (A) New Residential Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and Recaptured Pools $ 47,430,395 66.7 % 50.0 % $ 197,193 $ 253,967 5.6 Recapture Agreements — 66.7 % 50.0 % 21,515 43,055 12.7 Total $ 47,430,395 $ 218,708 $ 297,022 6.3 (A) The remaining interests are held by Nationstar. (B) Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired. (C) Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or recapture agreements, as applicable. (D) The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments: Aggregate Direct and Equity Method Investees Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 24.8 % 24.0 % Florida 8.0 % 8.7 % New York 6.5 % 8.5 % Texas 4.5 % 4.6 % New Jersey 3.9 % 4.1 % Maryland 3.8 % 3.7 % Illinois 3.6 % 3.5 % Georgia 3.5 % 3.1 % Virginia 3.3 % 3.0 % Arizona 2.7 % 2.5 % Washington 2.6 % 2.4 % Pennsylvania 2.5 % 2.6 % Other U.S. 30.3 % 29.3 % 100.0 % 100.0 % Geographic concentrations of investments expose New Residential to the risk of economic downturns within the relevant states. Any such downturn in a state where New Residential holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the Excess MSRs. See Note 11 regarding the financing of Excess MSRs.

INVESTMENTS IN MORTGAGE SERVICI

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES	INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES Mortgage Servicing Rights In 2016, a subsidiary of New Residential, New Residential Mortgage LLC (“NRM”), became a licensed or otherwise eligible mortgage servicer. NRM is presently licensed or otherwise eligible to hold MSRs in all states within the United States and the District of Columbia. Additionally, NRM has received approval from the Federal Housing Administration (“FHA”) to hold MSRs associated with FHA-insured mortgage loans, from the Federal National Mortgage Association (“Fannie Mae”) to hold MSRs associated with loans owned by Fannie Mae, and from the Federal Home Loan Mortgage Corporation (“Freddie Mac”) to hold MSRs associated with loans owned by Freddie Mac. Fannie Mae and Freddie Mac are collectively referred to as the Government Sponsored Enterprises (“GSEs”). As an approved Fannie Mae Servicer, Freddie Mac Servicer and FHA-approved mortgagee, NRM is required to conduct aspects of its operations in accordance with applicable policies and guidelines published by FHA, Fannie Mae and Freddie Mac in order to maintain those approvals. NRM engages third party licensed mortgage servicers as subservicers to perform the operational servicing duties in connection with the MSRs it acquires, in exchange for a subservicing fee which is recorded as “Subservicing expense” on New Residential’s Condensed Consolidated Statements of Income. As of June 30, 2018 , these subservicers include Ocwen, Nationstar, Ditech , PHH, Shellpoint, and Flagstar, which subservice 27.0% , 26.0% , 22.4% , 13.0% , 10.9% , and 0.7% of the underlying UPB of the related mortgages, respectively (includes both Mortgage Servicing Rights and Mortgage Servicing Rights Financing Receivables). New Residential has entered into recapture agreements with respect to each of its MSR investments subserviced by Ditech (defined below), Nationstar, and Shellpoint (defined below). Under the recapture agreements, New Residential is generally entitled to the MSRs on any initial or subsequent refinancing by Ditech, Nationstar, or Shellpoint of a loan in the original portfolios. Ditech MSRs In August 2016, NRM entered into a flow and bulk agreement for the purchase and sale of mortgage servicing rights (the “Ditech Purchase Agreement”) with Ditech Financial LLC (“Ditech”), a subsidiary of Ditech Holding Corporation. During the six months ended June 30, 2018 , pursuant to the Ditech Purchase Agreement, NRM purchased Ditech Flow MSRs with respect to certain Fannie Mae and Freddie Mac residential mortgage loans with a total UPB of $2.0 billion for a purchase price of approximately $18.2 million . Ditech subservices the related residential mortgage loans. On January 16, 2018, pursuant to the Ditech Purchase Agreement, NRM purchased MSRs and related servicer advances receivable with respect to certain Freddie Mac residential mortgage loans with a total UPB of $11.5 billion , for a purchase price of approximately $101.5 million . Shellpoint On November 29, 2017, concurrently with the NRM Acquisition LLC (the “Shellpoint Purchaser”) entry into a Securities Purchase Agreement (the “Original SPA”) with Shellpoint Partners LLC, a Delaware limited liability company (“Shellpoint”), NRM entered into (i) a Bulk Agreement for the Purchase and Sale of Mortgage Servicing Rights (the “Shellpoint MSR Purchase Agreement”) with New Penn Financial LLC (“New Penn”), a Delaware limited liability company and a wholly owned subsidiary of Shellpoint, pursuant to which NRM has agreed to purchase from New Penn the mortgage servicing rights relating to a portfolio of Fannie Mae and Freddie Mac mortgage loans having an aggregate UPB of approximately $7.8 billion for a purchase price of approximately $81.0 million (the “Shellpoint MSR Purchase”), which closed on January 16, 2018, and (ii) a Subservicing Agreement (the “Shellpoint Subservicing Agreement”) with New Penn, pursuant to which New Penn has agreed to subservice Fannie Mae and Freddie Mac mortgage loans for which NRM has acquired the right to service such loans. Under the Shellpoint Subservicing Agreement, New Penn is entitled to certain monthly and other servicing compensation, and both NRM and New Penn may terminate the Shellpoint Subservicing Agreement, subject to certain specified terms, notice periods and other requirements. Pursuant to Amendment No. 1 (the “Amendment”) to the Original SPA (as amended by the Amendment, the “Shellpoint SPA”), on July 3, 2018, Shellpoint Purchaser purchased all of the outstanding equity interests of Shellpoint (the “Shellpoint Acquisition”) for a purchase price of approximately $212.0 million based on the tangible book value of Shellpoint, subject to certain customary closing and post-closing adjustments. See Note 18 regarding the Shellpoint Acquisition completed on July 3, 2018. Other MSRs On February 28, 2018, NRM entered into an agreement to purchase the MSRs, and related servicer advances receivable, with respect to a pool of existing Freddie Mac and Fannie Mae residential mortgage loans with an aggregate total UPB of approximately $3.3 billion for a purchase price of approximately $33.5 million . The Freddie Mac and Fannie Mae residential mortgage loans were interim subserviced by the seller until they were transferred to Shellpoint, as NRM’s designated subservicer, on March 16, 2018 and April 1, 2018, respectively. On March 28, 2018, NRM entered into an agreement to purchase the MSRs, and related servicer advances receivable, with respect to a pool of existing Fannie Mae residential mortgage loans with an aggregate total UPB of approximately $7.9 billion for a purchase price of approximately $95.2 million . The Fannie Mae residential mortgage loans are being interim subserviced by the seller until they are transferred to Shellpoint as NRM’s designated subservicer. On May 25, 2018, NRM entered into an agreement to purchase the MSRs, and related servicer advances receivable, with respect to a pool of existing Freddie Mac and Fannie Mae residential mortgage loans with an aggregate total UPB of approximately $2.1 billion for a purchase price of approximately $26.3 million . The Freddie Mac and Fannie Mae residential mortgage loans were interim subserviced by the seller until they were transferred to Shellpoint, as NRM’s designated subservicer, on June 15, 2018 and July 2, 2018, respectively. On May 31, 2018, NRM entered into an agreement to purchase the MSRs, and related servicer advances receivable, with respect to a pool of existing Freddie Mac and Fannie Mae residential mortgage loans with an aggregate total UPB of approximately $4.7 billion for a purchase price of approximately $61.7 million . The Freddie Mac and Fannie Mae residential mortgage loans were interim subserviced by the seller until they were transferred to Shellpoint, as NRM’s designated subservicer, on June 15, 2018 and July 2, 2018, respectively. On June 4, 2018, NRM entered into an agreement to purchase the MSRs, and related servicer advances receivable, with respect to a pool of existing Freddie Mac and Fannie Mae residential mortgage loans with an aggregate total UPB of approximately $2.1 billion for a purchase price of approximately $19.3 million . The Freddie Mac and Fannie Mae residential mortgage loans were interim subserviced by the seller until they were transferred to Shellpoint, as NRM’s designated subservicer, on June 15, 2018 and July 2, 2018, respectively. New Residential records its investments in MSRs at fair value at acquisition and has elected to subsequently measure at fair value pursuant to the fair value measurement method. Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Servicing fee revenue $ 131,286 $ 120,432 $ 250,509 $ 185,901 Ancillary and other fees 27,714 24,982 51,061 27,170 Servicing fee revenue and fees 159,000 145,414 301,570 213,071 Amortization of servicing rights (65,439 ) (64,305 ) (120,566 ) (90,601 ) Change in valuation inputs and assumptions 52,632 89,742 182,425 88,983 Servicing revenue, net $ 146,193 $ 170,851 $ 363,429 $ 211,453 The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2017 $ 1,735,504 Purchases 434,763 Amortization of servicing rights (A) (120,566 ) Change in valuation inputs and assumptions 182,425 Balance as of June 30, 2018 $ 2,232,126 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 199,993,032 6.4 $ 1,790,527 $ 2,232,126 Non-Agency 56,984 6.8 — — Total $ 200,050,016 6.4 $ 1,790,527 $ 2,232,126 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 8.6% was used to value New Residential’s investments in MSRs. Mortgage Servicing Rights Financing Receivable In certain cases, New Residential has legally purchased MSRs or the right to the economic interest in MSRs, however, New Residential has determined that the purchase agreement would not be treated as a sale under GAAP. Therefore, rather than recording an investment in MSRs, New Residential has recorded an investment in mortgage servicing rights financing receivables. Income from this investment (net of subservicing fees) is recorded as interest income, and New Residential has elected to measure the investment at fair value, with changes in fair value flowing through change in fair value of investments in mortgage servicing rights financing receivables in the Condensed Consolidated Statements of Income. PHH Transaction As of June 30, 2018 , MSRs purchased from PHH, and related servicer advances receivables, with respect to private-label residential mortgage loans of approximately $5.3 billion in total UPB with a purchase price of approximately $31.4 million had not been settled. As a result of the length of the initial term of the related subservicing agreement between NRM and PHH, although the MSRs were legally sold, solely for accounting purposes, New Residential determined that substantially all of the risks and rewards inherent in owning the MSRs had not been transferred to NRM, and that the purchase agreement would not be treated as a sale under GAAP. New Residential has entered into a recapture agreement with respect to each of its MSR investments subserviced by PHH. Under the recapture agreement, New Residential is generally entitled to the MSRs on any initial or subsequent refinancing by PHH of a loan in the original portfolio. Ocwen Transaction As of June 30, 2018 , MSRs representing approximately $15.5 billion UPB of underlying loans have been transferred pursuant to the Ocwen Transaction. Economics related to the remaining MSRs subject to the Ocwen Transaction were transferred pursuant to the New Ocwen Agreements (described below). Through June 30, 2018 , $334.2 million of related lump sum payments have been made or accrued by New Residential to Ocwen. Upon such transfer, or subsequent to the New Ocwen Agreements (described below), any interests already held by New Residential are reclassified (from Excess MSRs or Servicer Advance Investments) to become part of the basis of the MSR financing receivables or servicer advances receivable, as appropriate, held by NRM. As a result of the length of the initial term of the related subservicing agreement between NRM and Ocwen, although the MSRs transferred pursuant to the Ocwen Transaction were legally sold, solely for accounting purposes, New Residential determined that substantially all of the risks and rewards inherent in owning the MSRs had not been transferred to NRM, and that the purchase agreement would not be treated as a sale under GAAP. During July 2017, New Residential and Ocwen entered into the Ocwen Transaction. While New Residential continues the process of obtaining the third party consents necessary to transfer the related MSRs to New Residential’s subsidiary, NRM, Ocwen and New Residential have entered into new agreements, which have accelerated the implementation of certain parts of the Ocwen Transaction in order to achieve its intent sooner. These new agreements are described in further detail below. On January 18, 2018, New Residential entered into a new agreement regarding the rights to MSRs (the “New Ocwen RMSR Agreement”) including a servicing addendum thereto (the “Ocwen Servicing Addendum”), Amendment No. 1 to Transfer Agreement (the “New Ocwen Transfer Agreement”) and a Brokerage Services Agreement (the “Ocwen Brokerage Services Agreement” and, collectively, the “New Ocwen Agreements”) with Ocwen. The New Ocwen Agreements modify and supplement the arrangements among the parties set forth in the Original Ocwen Agreements, the Ocwen Master Agreement, the Ocwen Transfer Agreement, and the Ocwen Subservicing Agreement (together with the Original Ocwen Agreements, the Ocwen Master Agreement, and the Ocwen Transfer Agreement, the “Existing Ocwen Agreements”). NRM made a lump-sum “Fee Restructuring Payment” of $279.6 million to Ocwen on January 18, 2018, the date of the New Ocwen RMSR Agreement, with respect to such Existing Ocwen Subject MSRs. Under the Existing Ocwen Agreements, Ocwen sold and transferred to New Residential certain “Rights to MSRs” and other assets related to mortgage servicing rights for loans with an unpaid principal balance of approximately $86.8 billion as of the opening balances in January 2018 (the “Existing Ocwen Subject MSRs”). Pursuant to the New Ocwen Agreements, Ocwen will continue to service the mortgage loans related to the Existing Ocwen Subject MSRs until the necessary third party consents are obtained in order to transfer the Existing Ocwen Subject MSRs in accordance with the New Ocwen Agreements. The New Ocwen RMSR Agreement provides, among other things: • the Existing Ocwen Subject MSRs will remain in the parties’ ownership structure under the Existing Ocwen Agreements while they continue to seek third party consents to transfer Ocwen’s remaining rights to the Existing Ocwen Subject MSRs to New Residential or any permitted assignee of New Residential; • Ocwen will continue to service the related mortgage loans pursuant to the terms of the Ocwen Servicing Addendum until the transfer of the Existing Ocwen Subject MSRs; • under the arrangements contemplated by the New Ocwen RMSR Agreement, Ocwen will receive substantially identical compensation for servicing the related mortgage loans underlying the Existing Ocwen Subject MSRs that it would receive if the Existing Ocwen Subject MSRs had been transferred to NRM as named servicer and Ocwen subserviced such mortgage loans for NRM as named servicer; • in the event that the required third party consents are not obtained with respect to any Existing Ocwen Subject MSRs by certain dates specified in the New Ocwen RMSR Agreement, in accordance with the process set forth in the New Ocwen RMSR Agreement, the Rights to MSRs (as defined in the Existing Ocwen Agreements) related to such Existing Ocwen Subject MSRs could either: (i) remain subject to the New Ocwen RMSR Agreement at the option of New Residential, (ii) if New Residential does not opt for the New Ocwen RMSR Agreement to remain in place with respect to certain Existing Ocwen Subject MSRs, Ocwen may acquire such Existing Ocwen Subject MSRs at a price determined in accordance with the terms of the New Ocwen RMSR Agreement, or (iii) if Ocwen does not acquire such Existing Ocwen Subject MSRs, be sold to a third party in accordance with the terms of the New Ocwen RMSR Agreement, as determined pursuant to the terms of the New Ocwen RMSR Agreement; • New Residential agreed to waive any rights New Residential may have had under the Existing Ocwen Agreements to replace Ocwen as named servicer with respect to the Existing Ocwen Subject MSRs based on Ocwen’s residential servicer rating agency related downgrades; and • Ocwen will offer refinancing opportunities to borrowers and New Residential is entitled to the MSRs on any initial or subsequent refinancing by Ocwen of a loan in the original portfolio. Pursuant to the Ocwen Servicing Addendum, Ocwen will service the mortgage loans related to the Existing Ocwen Subject MSRs. In consideration of servicing such mortgage loans, Ocwen will receive a servicing fee based on the unpaid principal balance as of the first of each month as set forth in the Ocwen Servicing Addendum. The initial term of the Ocwen Servicing Addendum is for the five years following July 23, 2017. At any time during the initial term, New Residential may terminate the Ocwen Servicing Addendum for convenience, subject to Ocwen’s right to receive a termination fee calculated in accordance with the Ocwen Servicing Addendum and specified notice. Following the initial term, (i) New Residential may extend the term of the Ocwen Servicing Addendum for additional three-month periods by delivering written notice to Ocwen of its desire to extend such contract thirty days prior to the end of such three -month period and (ii) the Ocwen Servicing Addendum may be terminated by Ocwen on an annual basis. In addition, New Residential and Ocwen will have the right to terminate the Ocwen Servicing Addendum for cause if certain conditions specified in the Ocwen Servicing Addendum occur. If the Ocwen Servicing Addendum is terminated or not renewed in accordance with these provisions, New Residential will have the right to direct the transfer of servicing to a third party, subject to Ocwen’s option to purchase the Existing Ocwen Subject MSRs and related assets in certain cases. To the extent that servicing of the loans cannot be transferred in accordance with these provisions, the Ocwen Servicing Addendum will remain in place with respect to the servicing of any remaining loans. Pursuant to the Ocwen Brokerage Services Agreement, Ocwen will engage NRZ Brokerage to perform brokerage and marketing services for all REO properties serviced by Ocwen pursuant to the Subject Servicing Agreements as defined in the New Ocwen RMSR Agreement. Such REO properties are subject to the Altisource Brokerage Agreement and Altisource Letter Agreement. Ginnie Mae Transactions During the first and second quarters of 2018, New Residential entered into several transactions with New Penn to acquire the rights to the economic value of the servicing rights related to MSRs owned by New Penn with respect to certain mortgage loans guaranteed by Ginnie Mae, together with existing servicer advances and the obligation to fund future servicer advances. New Residential acquired these economic rights related to approximately $11.4 billion UPB of Ginnie Mae guaranteed residential mortgage loans serviced by New Penn for an aggregate purchase price of $139.1 million . As a result of New Penn continuing to own the MSRs and remaining the named servicer of the Ginnie Mae guaranteed residential mortgage loans, although the rights to the economic value of the MSRs were legally sold, solely for accounting purposes, New Residential determined that each purchase agreement would not be treated as a sale under GAAP. Interest income from investments in mortgage servicing rights financing receivables was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Servicing fee revenue $ 192,462 $ 2,675 $ 394,414 $ 2,675 Ancillary and other fees 40,360 75 70,595 75 Less: subservicing expense (65,115 ) (294 ) (130,821 ) (294 ) Interest income, investments in mortgage servicing rights financing receivables $ 167,707 $ 2,456 $ 334,188 $ 2,456 Change in fair value of investments in mortgage servicing rights financing receivables was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Amortization of servicing rights $ (56,840 ) $ (1,127 ) $ (105,543 ) $ (1,127 ) Change in valuation inputs and assumptions (62,263 ) 6,723 257,516 6,723 Change in fair value of investments in mortgage servicing rights financing receivables $ (119,103 ) $ 5,596 $ 151,973 $ 5,596 The following table presents activity related to the carrying value of New Residential’s investments in mortgage servicing rights financing receivables: Balance as of December 31, 2017 $ 598,728 Investments made 138,993 New Ocwen Agreements 1,017,993 Proceeds from sales (2,768 ) Amortization of servicing rights (A) (105,543 ) Change in valuation inputs and assumptions 257,516 Balance as of June 30, 2018 $ 1,904,919 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in mortgage servicing rights financing receivables as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 45,771,115 5.9 $ 396,305 $ 478,133 Non-Agency 94,727,185 6.8 1,004,298 1,291,498 Ginnie Mae 11,160,791 8.0 137,216 135,288 Total $ 151,659,091 6.6 $ 1,537,819 $ 1,904,919 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 10.2% was used to value New Residential’s investments in mortgage servicing rights financing receivables. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs and mortgage servicing rights financing receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 20.0 % 19.0 % New York 7.9 % 6.3 % Florida 6.9 % 6.0 % Texas 5.3 % 5.7 % New Jersey 4.9 % 5.2 % Illinois 4.0 % 4.1 % Massachusetts 3.8 % 3.8 % Maryland 3.4 % 2.8 % Pennsylvania 3.2 % 3.3 % Virginia 3.2 % 3.1 % Other U.S. 37.4 % 40.7 % 100.0 % 100.0 % Geographic concentrations of investments expose New Residential to the risk of economic downturns within the relevant states. Any such downturn in a state where New Residential holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the MSRs. Servicer Advances Receivable In connection with its investments in MSRs and MSR financing receivables, New Residential generally acquires any related outstanding servicer advances (not included in the purchase prices described above), which it records at fair value within servicer advances receivable upon acquisition. In addition to receiving cash flows from the MSRs, NRM, as servicer, has the obligation to fund future servicer advances on the underlying pool of mortgages (Note 14). These servicer advances are recorded when advanced and are included in servicer advances receivable. The following types of advances are included in the Servicer Advances Receivable: June 30, 2018 December 31, 2017 Principal and interest advances $ 832,272 $ 172,467 Escrow advances (taxes and insurance advances) 2,143,021 482,884 Foreclosure advances 226,916 16,017 Total (A) (B) $ 3,202,209 $ 671,368 (A) Includes $172.3 million and $167.9 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Net of $13.2 million and $4.2 million , respectively, in unamortized discount and accrual for advance recoveries. New Residential’s Servicer Advances Receivable related to Non-Agency MSRs generally have the highest reimbursement priority (i.e., “top of the waterfall”) and New Residential is generally entitled to repayment from respective loan or REO liquidation proceeds before any interest or principal is paid on the bonds that were issued by the trust. In the majority of cases, advances in excess of respective loan or REO liquidation proceeds may be recovered from pool-level proceeds. Furthermore, to the extent that advances are not recoverable by New Residential as a result of the subservicer’s failure to comply with applicable requirements in the relevant servicing agreements, New Residential has a contractual right to be reimbursed by the subservicer. New Residential assesses the recoverability of Servicer Advance Receivables periodically and as of June 30, 2018 and December 31, 2017 , expected full recovery of the Servicer Advance Receivables. See Note 11 regarding the financing of MSRs.

SERVICER ADVANCE INVESTMENTS

SERVICER ADVANCE INVESTMENTS	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
SERVICER ADVANCE INVESTMENTS	SERVICER ADVANCE INVESTMENTS All of New Residential’s Servicer Advance Investments are comprised of outstanding servicer advances, the requirement to purchase all future servicer advances made with respect to a specified pool of residential mortgage loans, and the basic fee component of the related MSR. New Residential elected to record its Servicer Advance Investments, including the right to the basic fee component of the related MSRs, at fair value pursuant to the fair value option for financial instruments to provide users of the financial statements with better information regarding the effects of market factors. A taxable wholly-owned subsidiary of New Residential is the managing member of the Buyer and owned an approximately 72.8% interest in the Buyer as of June 30, 2018 . As of June 30, 2018 , third-party co-investors, owning the remaining interest in the Buyer, have funded capital commitments to the Buyer of $389.6 million and New Residential has funded capital commitments to the Buyer of $312.7 million . The Buyer may call capital up to the commitment amount on unfunded commitments and recall capital to the extent the Buyer makes a distribution to the co-investors, including New Residential. As of June 30, 2018 , the noncontrolling third-party co-investors and New Residential had previously funded their commitments, however the Buyer may recall $320.6 million and $285.7 million of capital distributed to the third-party co-investors and New Residential, respectively. Neither the third-party co-investors nor New Residential is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of the Buyer. See Note 5 regarding the New Ocwen Agreements. Subsequent to the New Ocwen Agreements, the Servicer Advance Investments serviced by Ocwen became reclassified, as described in Note 5. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) June 30, 2018 Servicer Advance Investments $ 821,289 $ 843,438 5.8 % 5.8 % 5.5 As of December 31, 2017 Servicer Advance Investments $ 3,924,003 $ 4,027,379 6.8 % 7.3 % 5.1 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended Six Months Ended 2018 2017 2018 2017 Change in Fair Value of Servicer Advance Investments $ (1,752 ) $ 56,969 $ (81,228 ) $ 59,528 The following is additional information regarding the Servicer Advance Investments and related financing: Loan-to-Value (“LTV”) (A) Cost of Funds (C) UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Notes and Bonds Payable Gross Net (B) Gross Net June 30, 2018 Servicer Advance Investments (D) $ 44,895,549 $ 692,323 1.5 % $ 662,010 89.2 % 88.1 % 3.7 % 3.1 % December 31, 2017 Servicer Advance Investments (D) $ 139,460,371 $ 3,581,876 2.6 % $ 3,461,718 93.2 % 92.0 % 3.3 % 3.0 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees. (D) The following types of advances are included in the Servicer Advance Investments: June 30, 2018 December 31, 2017 Principal and interest advances $ 112,367 $ 909,133 Escrow advances (taxes and insurance advances) 268,741 1,636,381 Foreclosure advances 311,215 1,036,362 Total $ 692,323 $ 3,581,876 Interest income recognized by New Residential related to its Servicer Advance Investments was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest income, gross of amounts attributable to servicer compensation $ 22,161 $ 133,098 $ 42,548 $ 206,954 Amounts attributable to base servicer compensation (2,035 ) (102,359 ) (4,007 ) (106,506 ) Amounts attributable to incentive servicer compensation (7,634 ) 209,730 (7,160 ) 216,064 Interest income from Servicer Advance Investments $ 12,492 $ 240,469 $ 31,381 $ 316,512 New Residential has determined that the Buyer is a VIE. The following table presents information on the assets and liabilities related to this consolidated VIE. As of June 30, 2018 December 31, 2017 Assets Servicer advance investments, at fair value $ 810,581 $ 1,002,102 Cash and cash equivalents 30,046 40,929 All other assets 11,333 13,011 Total assets (A) $ 851,960 $ 1,056,042 Liabilities Notes and bonds payable $ 634,553 $ 789,979 All other liabilities 3,185 3,308 Total liabilities (A) $ 637,738 $ 793,287 (A) The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations. Others’ interests in the equity of the Buyer is computed as follows: June 30, 2018 December 31, 2017 Total Advance Purchaser LLC equity $ 214,221 $ 262,755 Others’ ownership interest 27.2 % 27.2 % Others’ interest in equity of consolidated subsidiary $ 58,286 $ 71,491 Others’ interests in the Buyer’s net income is computed as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net Advance Purchaser LLC income $ 3,881 $ 6,140 $ 8,966 $ 16,876 Others’ ownership interest as a percent of total 27.2 % 54.2 % 27.2 % 54.2 % Others’ interest in net income of consolidated subsidiaries $ 1,056 $ 3,328 $ 2,439 $ 9,148 See Note 11 regarding the financing of Servicer Advance Investments.

INVESTMENTS IN REAL ESTATE AND

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES	INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES “Agency” residential mortgage backed securities (“RMBS”) are RMBS issued by a government sponsored enterprise, such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”). “Non-Agency” RMBS are issued by either public trusts or private label securitization entities. Activities related to New Residential’s investments in real estate and other securities were as follows: Six Months Ended June 30, 2018 (in millions) Treasury Agency Non-Agency Purchases Face $ — $ 2,207.5 $ 3,888.5 Purchase Price $ — $ 2,215.1 $ 1,184.9 Sales Face $ 862.0 $ 2,162.4 $ 85.0 Amortized Cost $ 858.0 $ 2,182.1 $ 66.8 Sale Price $ 849.8 $ 2,152.2 $ 66.2 Gain (Loss) on Sale $ (8.2 ) $ (29.9 ) $ (0.6 ) As of June 30, 2018 , New Residential had sold and purchased $1.1 billion and $1.1 billion face amount of Agency RMBS for $1.1 billion and $1.1 billion , respectively, and purchased $40.8 million face amount of Non-Agency RMBS for $39.2 million , which had not yet been settled. These unsettled sales and purchases were recorded on the balance sheet on trade date as Trades Receivable and Trades Payable. New Residential has exercised its call rights with respect to Non-Agency RMBS trusts and purchased performing and non-performing residential mortgage loans and REO contained in such trusts prior to their termination. In certain cases, New Residential sold portions of the purchased loans through securitizations, and retained bonds issued by such securitizations. In addition, New Residential received par on the securities issued by the called trusts which it owned prior to such trusts’ termination. Refer to Note 8 for further details on these transactions. The following is a summary of New Residential’s real estate and other securities, all of which are classified as available-for-sale and are, therefore, reported at fair value with changes in fair value recorded in other comprehensive income, except for securities that are other-than-temporarily impaired and except for securities which New Residential elected to carry at fair value and record changes to valuation through the income statement. June 30, 2018 December 31, 2017 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Treasury $ — $ — $ — $ — $ — — N/A — % — % — N/A $ 852,734 Agency RMBS (F) (G) 1,205,334 1,231,112 539 (132 ) 1,231,519 61 AAA 3.97 % 3.43 % 4.3 N/A 1,243,617 Non-Agency RMBS (H) (I) 15,548,362 6,388,332 519,637 (54,561 ) 6,853,408 806 CCC 2.87 % 5.89 % 7.2 9.5 % 5,974,789 Total/ Weighted Average $ 16,753,696 $ 7,619,444 $ 520,176 $ (54,693 ) $ 8,084,927 867 B 3.03 % 5.49 % 6.8 $ 8,071,140 (A) Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value. (B) Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 226 bonds with a carrying value of $537.6 million which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current. (C) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $208.6 million and $0.0 million , respectively, for which no coupon payment is expected. (D) The weighted average life is based on the timing of expected principal reduction on the assets. (E) Percentage of the amortized cost basis of securities that is subordinate to New Residential’s investments, excluding fair value option securities. (F) Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac. (G) The total outstanding face amount was $1.1 billion for fixed rate securities and $0.1 billion for floating rate securities as of June 30, 2018 . (H) The total outstanding face amount was $2.1 billion (including $1.4 billion of residual and fair value option notional amount) for fixed rate securities and $13.4 billion (including $5.6 billion of residual and fair value option notional amount) for floating rate securities as of June 30, 2018 . (I) Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by MSRs and (iii) bonds backed by consumer loans. Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal Subordination Corporate debt $ 85,000 $ 85,000 $ — $ (1,700 ) $ 83,300 1 B- 8.25 % 8.25 % 6.8 N/A Consumer loan bonds 58,212 39,044 42 (2,811 ) 36,275 4 N/A N/A 25.50 % 1.4 N/A MSR bonds 100,000 100,000 563 — 100,563 1 BBB- 4.94 % 7.03 % 8.9 N/A Fair Value Option Securities: Interest-only securities 4,983,445 228,691 16,682 (11,084 ) 234,289 62 AA 1.50 % 7.43 % 3.1 N/A Servicing Strips 1,023,140 8,814 1,326 (212 ) 9,928 23 N/A 0.21 % 14.09 % 6.1 N/A Unrealized losses that are considered other-than-temporary and are attributable to credit losses are recognized currently in earnings. During the six months ended June 30, 2018 , New Residential recorded OTTI charges of $19.3 million with respect to real estate securities. Any remaining unrealized losses on New Residential’s securities were primarily the result of changes in market factors, rather than issue-specific credit impairment. New Residential performed analyses in relation to such securities, using its best estimate of their cash flows, which support its belief that the carrying values of such securities were fully recoverable over their expected holding period. New Residential has no intent to sell, and is not more likely than not to be required to sell, these securities. The following table summarizes New Residential’s securities in an unrealized loss position as of June 30, 2018 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Impairment Other-Than- Temporary Impairment (A) After Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating (B) Coupon Yield Life (Years) Less than 12 Months $ 3,392,071 $ 1,404,921 $ (2,106 ) $ 1,402,815 $ (30,644 ) $ 1,372,171 166 B- 3.26 % 5.28 % 5.6 12 or More Months 1,588,531 493,005 (10,525 ) 482,480 (24,049 ) 458,431 94 BBB+ 2.00 % 5.74 % 5.3 Total/Weighted Average $ 4,980,602 $ 1,897,926 $ (12,631 ) $ 1,885,295 $ (54,693 ) $ 1,830,602 260 B+ 2.94 % 5.40 % 5.6 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of June 30, 2018 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 35 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 13 bonds which either have never been rated or for which rating information is no longer provided. New Residential performed an assessment of all of its debt securities that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of OTTI, exceeds its fair value) and determined the following: June 30, 2018 Gross Unrealized Losses Fair Value Amortized Cost Basis After Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell (C) $ 95,719 $ 95,719 $ (5,077 ) $ — Securities New Residential is more likely than not to be required to sell (D) — — — N/A Securities New Residential has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 525,651 544,486 (7,554 ) (18,835 ) Non-credit impaired securities 1,209,232 1,245,090 — (35,858 ) Total debt securities in an unrealized loss position $ 1,830,602 $ 1,885,295 $ (12,631 ) $ (54,693 ) (A) This amount is required to be recorded as OTTI through earnings. In measuring the portion of credit losses, New Residential estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include New Residential’s expectations of prepayment rates, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment’s effective interest rate. (B) This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income. (C) A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment, and, therefore do no t have unrealized losses reflected in other comprehensive income as of June 30, 2018 . (D) New Residential may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, New Residential must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales. The following table summarizes the activity related to credit losses on debt securities: Six Months Ended June 30, 2018 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 23,821 Increases to credit losses on securities for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income 11,911 Additions for credit losses on securities for which an OTTI was not previously recognized 7,390 Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — Reduction for credit losses on securities for which no OTTI was recognized in other comprehensive income at the current measurement date — Reduction for securities sold during the period (812 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 42,310 The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS: June 30, 2018 December 31, 2017 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 5,702,939 37.0 % $ 4,882,136 38.4 % Southeastern U.S. 3,693,161 24.0 % 3,005,519 23.6 % Northeastern U.S. 3,101,220 20.1 % 2,555,514 20.1 % Midwestern U.S. 1,709,037 11.1 % 1,337,980 10.5 % Southwestern U.S. 1,081,426 7.0 % 927,647 7.3 % Other (B) 117,367 0.8 % 18,871 0.1 % $ 15,405,150 100.0 % $ 12,727,667 100.0 % (A) Excludes $58.2 million and $29.7 million face amount of bonds backed by consumer loans and $85.0 million and $0.0 million face amount of bonds backed by corporate debt as of June 30, 2018 and December 31, 2017 , respectively. (B) Represents collateral for which New Residential was unable to obtain geographic information. New Residential evaluates the credit quality of its real estate securities, as of the acquisition date, for evidence of credit quality deterioration. As a result, New Residential identified a population of real estate securities for which it was determined that it was probable that New Residential would be unable to collect all contractually required payments. For securities acquired during the six months ended June 30, 2018 , excluding residual and fair value option securities, the face amount of these real estate securities was $877.6 million , with total expected cash flows of $723.3 million and a fair value of $533.4 million on the dates that New Residential purchased the respective securities. The following is the outstanding face amount and carrying value for securities, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments, excluding residual and fair value option securities: Outstanding Face Amount Carrying Value June 30, 2018 $ 5,921,325 $ 3,875,742 December 31, 2017 5,364,847 3,493,723 The following is a summary of the changes in accretable yield for these securities: Six Months Ended June 30, 2018 Balance at December 31, 2017 $ 2,000,266 Additions 189,915 Accretion (120,455 ) Reclassifications from (to) non-accretable difference 51,419 Disposals (3,277 ) Balance at June 30, 2018 $ 2,117,868 See Note 11 regarding the financing of real estate securities.

INVESTMENTS IN RESIDENTIAL MORT

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS Loans are accounted for based on New Residential’s strategy for the loan, and on whether the loan was credit-impaired at the date of acquisition. New Residential accounts for loans based on the following categories: • Loans Held-for-Investment (which may include PCD Loans) • Loans Held-for-Sale • Real Estate Owned (“REO”) The following table presents certain information regarding New Residential’s residential mortgage loans outstanding by loan type, excluding REO: June 30, 2018 December 31, 2017 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount Loan to Value Ratio (“LTV”) (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Carrying Value Loan Type Performing Loans (G) $ 571,381 $ 520,969 9,137 8.0 % 4.8 20.4 % 80.0 % 7.2 % 648 $ 507,615 Purchased Credit Deteriorated Loans (H) 237,464 169,802 2,216 7.7 % 3.1 16.2 % 90.1 % 79.0 % 596 183,540 Total Residential Mortgage Loans, held-for-investment $ 808,845 $ 690,771 11,353 7.9 % 4.3 19.2 % 83.0 % 28.3 % 633 $ 691,155 Reverse Mortgage Loans (E) (F) $ 15,491 $ 6,796 43 7.9 % 6.2 12.2 % 131.4 % 64.1 % N/A $ 6,870 Performing Loans (G) (I) 1,399,059 1,422,747 16,935 3.9 % 4.4 30.6 % 59.1 % 4.9 % 680 1,071,371 Non-Performing Loans (H) (I) 756,418 591,776 5,838 6.1 % 2.9 17.9 % 86.1 % 77.7 % 590 647,293 Total Residential Mortgage Loans, held-for-sale $ 2,170,968 $ 2,021,319 22,816 4.7 % 3.9 26.0 % 69.0 % 30.7 % 648 $ 1,725,534 (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property. (C) Represents the percentage of the total principal balance that is 60+ days delinquent. (D) The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis. (E) Represents a 70% participation interest that New Residential holds in a portfolio of reverse mortgage loans. Nationstar holds the other 30% interest and services the loans. The average loan balance outstanding based on total UPB was $0.4 million . Approximately 46% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (H) Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of June 30, 2018 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $31.2 million and $61.1 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA. New Residential generally considers the delinquency status, loan-to-value ratios, and geographic area of residential mortgage loans as its credit quality indicators. Delinquency status is a primary credit quality indicator as loans that are more than 60 days past due provide an early warning of borrowers who may be experiencing financial difficulties. Current LTV ratio is an indicator of the potential loss severity in the event of default. Finally, the geographic distribution of the loan collateral also provides insight as to the credit quality of the portfolio, as factors such as the regional economy, home price changes and specific events will affect credit quality. The table below summarizes the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 13.0 % 9.1 % New York 11.9 % 12.8 % Texas 6.9 % 6.6 % Florida 6.5 % 8.2 % New Jersey 5.1 % 5.2 % Pennsylvania 3.6 % 3.4 % Illinois 3.5 % 3.9 % Massachusetts 2.8 % 2.7 % Maryland 2.6 % 2.7 % Washington 2.0 % 1.7 % Other U.S. 42.1 % 43.7 % 100.0 % 100.0 % See Note 11 regarding the financing of residential mortgage loans and related assets. Call Rights New Residential has executed calls with respect to the following Non-Agency RMBS trusts and purchased performing and non-performing residential mortgage loans and REO assets contained in such trusts prior to their termination. In certain cases, New Residential sold portions of the purchased loans through securitizations, and retained bonds issued by such securitizations. In addition, New Residential received par on the securities issued by the called trusts which it owned prior to such trusts’ termination. The following table summarizes these transactions (dollars in millions). Securities Owned Prior Assets Acquired Loans Sold (C) Retained Bonds Retained Assets (C) Date of Call (A) Number of Trusts Called Face Amount Amortized Cost Basis Loan UPB Loan Price (B) REO & Other Price (B) Date of Securitization UPB Gain (Loss) Basis Loan UPB Loan Price REO & Other Price January 2018 — $ — $ — $ — $ — $ — Jan 2018 $ 726.5 $ (17.8 ) $ 76.8 $ 265.3 $ 239.0 $ 14.4 January 2018 7 0.4 0.2 32.5 32.8 0.1 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) March 2018 25 85.9 75.4 458.8 461.4 4.1 May 2018 435.3 (6.7 ) 52.9 56.0 46.8 4.6 April 2018 8 5.8 4.8 218.8 222.3 2.0 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) May 2018 12 6.7 4.7 475.6 473.5 3.2 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) June 2018 12 32.3 19.4 409.0 400.6 3.6 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) (A) Any related securitization may occur on the same or a subsequent date, depending on market conditions and other factors. (B) Price includes par amount paid for all underlying residential mortgage loans of the trusts, plus the basis of the exercised call rights, plus advances and costs incurred (including MSR Fund Payments, as defined in Note 15) in exercising such call rights. (C) Loans were sold through a securitization which was treated as a sale for accounting purposes. Retained assets are reflected as of the date of the relevant securitization. The loans from the fourth quarter of 2017 calls were securitized in January 2018. The May 2018 securitization primarily included loans from the January 2018 and March 2018 calls, but also included $33.5 million of previously acquired loans. No loans from the December 2016 call, January 2017 calls, the last two June 2017 calls, the April 2018 call, the May 2018 call or the June 2018 calls were securitized by June 30, 2018. Performing Loans The following table provides past due information regarding New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 85.2 % 30-59 6.8 % 60-89 1.5 % 90-119 (B) 0.8 % 120+ (C) 5.7 % 100.0 % (A) Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans 90-119 days past due and still accruing interest because they are generally placed on nonaccrual status at 120 days or more past due. (C) Represents nonaccrual loans. Activities related to the carrying value of residential mortgage loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 507,615 Purchases/additional fundings 55,993 Proceeds from repayments (49,198 ) Accretion of loan discount (premium) and other amortization (A) 8,728 Provision for loan losses (458 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (1,711 ) Balance at June 30, 2018 $ 520,969 (A) Includes accelerated accretion of discount on loans paid in full and on loans transferred to other assets. (B) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2). Activities related to the valuation and loss provision on reverse mortgage loans and allowance for loan losses on performing loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 196 Provision for loan losses (A) 458 Charge-offs (B) (654 ) Balance at June 30, 2018 $ — (A) Based on an analysis of collective borrower performance, credit ratings of borrowers, loan-to-value ratios, estimated value of the underlying collateral, key terms of the loans and historical and anticipated trends in defaults and loss severities at a pool level. (B) Loans, other than PCD loans, are generally charged off or charged down to the net realizable value of the collateral (i.e., fair value less costs to sell), with an offset to the allowance for loan losses, when available information confirms that loans are uncollectible. Purchased Credit Deteriorated Loans New Residential determined at acquisition that the PCD loans acquired would be aggregated into pools based on common risk characteristics (FICO score, delinquency status, collateral type, loan-to-value ratio). Loans aggregated into pools are accounted for as if each pool were a single loan with a single composite interest rate and an aggregate expectation of cash flows, including consideration of involuntary prepayments. Activities related to the carrying value of PCD loans held-for-investment were as follows: Balance at December 31, 2017 $ 183,540 Purchases/additional fundings 29,785 Sales — Proceeds from repayments (18,296 ) Accretion of loan discount and other amortization 12,265 (Allowance) reversal for loan losses (A) — Transfer of loans to real estate owned (11,999 ) Transfer of loans to held-for-sale (25,493 ) Balance at June 30, 2018 $ 169,802 (A) An allowance represents the present value of cash flows expected at acquisition that are no longer expected to be collected. A reversal results from an increase to expected cash flows that reverses a prior allowance. The following is the unpaid principal balance and carrying value for loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value June 30, 2018 $ 237,464 $ 169,802 December 31, 2017 249,254 183,540 The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 88,631 Additions 16,523 Accretion (12,265 ) Reclassifications from (to) non-accretable difference (A) 1,487 Disposals (B) (2,158 ) Transfer of loans to held-for-sale (C) (5,495 ) Balance at June 30, 2018 $ 86,723 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible. (B) Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount. (C) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. Loans Held-for-Sale Activities related to the carrying value of loans held-for-sale were as follows: Balance at December 31, 2017 $ 1,725,534 Purchases (A) 2,402,258 Transfer of loans from held-for-investment (B) 25,493 Sales (2,024,996 ) Transfer of loans to other assets (C) (4,138 ) Transfer of loans to real estate owned (28,571 ) Proceeds from repayments (79,142 ) Valuation (provision) reversal on loans (D) 4,881 Balance at June 30, 2018 $ 2,021,319 (A) Represents loans acquired with the intent to sell. (B) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. (C) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2). (D) Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including an aggregate of $11.1 million of provision related to the call transactions executed during the six months ended June 30, 2018 . Real estate owned (REO) New Residential recognizes REO assets at the completion of the foreclosure process or upon execution of a deed in lieu of foreclosure with the borrower. REO assets are managed for prompt sale and disposition at the best possible economic value. Real Estate Owned Balance at December 31, 2017 $ 128,295 Purchases 23,948 Transfer of loans to real estate owned 52,771 Sales (79,137 ) Valuation (provision) reversal on REO (176 ) Balance at June 30, 2018 $ 125,701 As of June 30, 2018 , New Residential had residential mortgage loans that were in the process of foreclosure with an unpaid principal balance of $455.5 million . In addition, New Residential has recognized $25.0 million in unpaid claims receivable from FHA on Ginnie Mae EBO loans and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim. Variable Interest Entities During the second quarter of 2017, New Residential formed entities (the “RPL Borrowers”) that issued securitized debt collateralized by reperforming residential mortgage loans. The RPL Borrowers are VIEs of which subsidiaries of New Residential were the primary beneficiaries, as a result of controlling the related optional redemption feature and owning certain notes issued by the RPL Borrowers. On April 3, 2018, New Residential executed a Trust Termination Agreement in order to terminate the RPL Borrowers and redeem the underlying residential mortgage loans. As a result of the termination, New Residential liquidated the RPL Borrowers. As described in “Call Rights” above, New Residential has issued securitizations which were treated as sales under GAAP. New Residential has no obligation to repurchase any loans from these securitizations and its exposure to loss is limited to the carrying amount of its retained interests in the securitization entities. These securitizations are conducted through variable interest entities, of which New Residential is not the primary beneficiary. The following table summarizes certain characteristics of the underlying residential mortgage loans, and related financing, in these securitizations as of June 30, 2018 : Residential mortgage loan UPB $ 5,651,753 Weighted average delinquency (A) 2.22 % Net credit losses for the six months ended June 30, 2018 $ 3,779 Face amount of debt held by third parties (B) $ 5,190,472 Carrying value of bonds retained by New Residential (C) $ 619,922 Cash flows received by New Residential on these bonds for the six months ended June 30, 2018 $ 65,207 (A) Represents the percentage of the UPB that is 60 + days delinquent. (B) Excludes bonds retained by New Residential. (C) Includes bonds retained pursuant to required risk retention regulations.

INVESTMENTS IN CONSUMER LOANS

INVESTMENTS IN CONSUMER LOANS	6 Months Ended
	Jun. 30, 2018
Investments In Consumer Loans Equity Method Investees [Abstract]
INVESTMENTS IN CONSUMER LOANS	INVESTMENTS IN CONSUMER LOANS New Residential, through newly formed limited liability companies (together, the “Consumer Loan Companies”), has a co-investment in a portfolio of consumer loans. The portfolio includes personal unsecured loans and personal homeowner loans. OneMain is the servicer of the loans and provides all servicing and advancing functions for the portfolio. As of June 30, 2018 , New Residential owns 53.5% of the limited liability company interests in, and consolidates, the Consumer Loan Companies. New Residential also purchased certain newly originated consumer loans from a third party (“Consumer Loan Seller”). These loans are not held in the Consumer Loan Companies and have been designated as performing consumer loans, held-for-investment. In addition, see “Equity Method Investees” below. The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) June 30, 2018 Consumer Loan Companies Performing Loans $ 904,056 53.5 % $ 946,592 18.6 % 3.7 5.0 % Purchased Credit Deteriorated Loans (C) 253,430 53.5 % 211,599 16.1 % 3.4 10.4 % Other - Performing Loans 58,864 100.0 % 54,726 14.1 % 0.9 4.4 % Total Consumer Loans, held-for-investment $ 1,216,350 $ 1,212,917 17.9 % 3.5 6.1 % December 31, 2017 Consumer Loan Companies Performing Loans $ 1,005,570 53.5 % $ 1,052,561 18.7 % 3.7 6.0 % Purchased Credit Deteriorated Loans (C) 282,540 53.5 % 236,449 16.2 % 3.3 12.5 % Other - Performing Loans 89,682 100.0 % 85,253 14.1 % 1.0 4.5 % Total Consumer Loans, held-for-investment $ 1,377,792 $ 1,374,263 17.9 % 3.5 7.3 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments, which are accounted for as PCD loans. See Note 11 regarding the financing of consumer loans. Performing Loans The following table provides past due information regarding New Residential’s performing consumer loans, held-for-investment, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 95.1 % 30-59 1.8 % 60-89 1.1 % 90-119 (B) 0.8 % 120+ (B) (C) 1.2 % 100.0 % (A) Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans more than 90 days past due and still accruing interest. (C) Interest is accrued up to the date of charge-off at 180 days past due. Activities related to the carrying value of performing consumer loans, held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 1,137,814 Purchases — Additional fundings (A) 20,636 Proceeds from repayments (126,855 ) Accretion of loan discount and premium amortization, net 1,038 Gross charge-offs (31,758 ) Additions to the allowance for loan losses, net 443 Balance at June 30, 2018 $ 1,001,318 (A) Represents draws on consumer loans with revolving privileges. Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2017 $ 4,429 $ 1,676 $ 6,105 Provision (reversal) for loan losses 26,907 (152 ) 26,755 Net charge-offs (C) (27,198 ) — (27,198 ) Balance at June 30, 2018 $ 4,138 $ 1,524 $ 5,662 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of June 30, 2018 , there are $12.5 million in UPB and $11.3 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $4.6 million in recoveries of previously charged-off UPB. Purchased Credit Deteriorated Loans A portion of the consumer loans are considered PCD loans. Activities related to the carrying value of PCD consumer loans, held-for-investment were as follows: Balance at December 31, 2017 $ 236,449 (Allowance) reversal for loan losses (A) — Proceeds from repayments (43,515 ) Accretion of loan discount and other amortization 18,665 Balance at June 30, 2018 $ 211,599 (A) An allowance represents the present value of cash flows expected at acquisition that are no longer expected to be collected. A reversal results from an increase to expected cash flows that reverses a prior allowance. The following is the unpaid principal balance and carrying value for consumer loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value June 30, 2018 $ 253,430 $ 211,599 December 31, 2017 282,540 236,449 The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 132,291 Accretion (18,665 ) Reclassifications from (to) non-accretable difference (A) 22,584 Balance at June 30, 2018 $ 136,210 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible. Noncontrolling Interests Others’ interests in the equity of the Consumer Loan Companies is computed as follows: June 30, 2018 December 31, 2017 Total Consumer Loan Companies equity $ 68,474 $ 74,071 Others’ ownership interest 46.5 % 46.5 % Others’ interests in equity of consolidated subsidiary $ 31,845 $ 34,466 Others’ interests in the Consumer Loan Companies’ net income (loss) is computed as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net Consumer Loan Companies income (loss) $ 21,552 $ 26,545 $ 40,321 $ 47,965 Others’ ownership interest as a percent of total 46.5 % 46.5 % 46.5 % 46.5 % Others’ interest in net income (loss) of consolidated subsidiaries $ 10,022 $ 12,343 $ 18,750 $ 22,303 Variable Interest Entities The Consumer Loan Companies consolidate certain entities that issued securitized debt collateralized by the consumer loans (the “Consumer Loan SPVs”). The Consumer Loan SPVs are VIEs of which the Consumer Loan Companies are the primary beneficiaries. The following table presents information on the combined assets and liabilities related to these consolidated VIEs. As of June 30, 2018 December 31, 2017 Assets Consumer loans, held-for-investment $ 1,158,191 $ 1,289,010 Restricted cash 10,786 11,563 Accrued interest receivable 17,300 19,360 Total assets (A) $ 1,186,277 $ 1,319,933 Liabilities Notes and bonds payable (B) $ 1,154,564 $ 1,284,436 Accounts payable and accrued expenses 3,958 4,007 Total liabilities (A) $ 1,158,522 $ 1,288,443 (A) The creditors of the Consumer Loan SPVs do not have recourse to the general credit of New Residential, and the assets of the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. (B) Includes $121.0 million face amount of bonds retained by New Residential issued by these VIEs. Equity Method Investees In February 2017, New Residential completed a co-investment, through a newly formed entity, PF LoanCo Funding LLC (“LoanCo”), to purchase up to $5.0 billion worth of newly originated consumer loans from Consumer Loan Seller over a two year term. New Residential, along with three co-investors, each acquired 25% membership interests in LoanCo. New Residential accounts for its investment in LoanCo pursuant to the equity method of accounting because it can exercise significant influence over LoanCo but the requirements for consolidation are not met. New Residential’s investment in LoanCo is recorded as Investment in Consumer Loans, Equity Method Investees. LoanCo has elected to account for its investments in consumer loans at fair value. New Residential has elected to record LoanCo’s activity on a one month lag. In addition, New Residential and the LoanCo co-investors agreed to purchase warrants to purchase up to 177.7 million shares of Series F convertible preferred stock in the Consumer Loan Seller’s parent company (“ParentCo”), which were valued at approximately $75.0 million in the aggregate as of February 2017, through a newly formed entity, PF WarrantCo Holdings, LP (“WarrantCo”). New Residential acquired a 23.57% interest in WarrantCo, the remaining interest being acquired by three co-investors. WarrantCo has agreed to purchase a pro rata portion of the warrants each time LoanCo closes on a portion of its consumer loan purchase agreement from Consumer Loan Seller. The holder of the warrants has the option to purchase an equivalent number of shares of Series F convertible preferred stock in ParentCo at a price of $0.01 per share. WarrantCo is vested in the warrants to purchase an aggregate of 84.7 million Series F convertible preferred stock in ParentCo as of May 31, 2018 , and New Residential and LoanCo co-investors are vested in the warrants to purchase an aggregate of 20.1 million Series F convertible preferred stock in ParentCo as of May 31, 2018 . The Series F convertible preferred stock holders have the right to convert such preferred stock to common stock at any time, are entitled to the number of votes equal to the number of shares of common stock into which such shares of convertible preferred stock could be converted, and will have liquidation rights in the event of liquidation. New Residential accounts for its investment in WarrantCo pursuant to the equity method of accounting because it can exercise significant influence over WarrantCo but the requirements for consolidation are not met. New Residential’s investment in WarrantCo is recorded as Investment in Consumer Loans, Equity Method Investees. WarrantCo has elected to account for its investments in warrants at fair value. New Residential has elected to record WarrantCo’s activity on a one month lag. The following tables summarize the investment in LoanCo and WarrantCo held by New Residential: June 30, 2018 (A) December 31, 2017 Consumer loans, at fair value $ 242,082 $ 178,422 Warrants, at fair value 94,874 80,746 Other assets 53,242 46,342 Warehouse financing (177,930 ) (117,944 ) Other liabilities (5,885 ) (13,059 ) Equity $ 206,383 $ 174,507 Undistributed retained earnings $ — $ — New Residential’s investment $ 50,241 $ 42,473 New Residential’s ownership 24.3 % 24.3 % Three Months Ended Six Months Ended 2018 (B) 2017 (B) 2018 (B) 2017 (B) Interest income $ 8,727 $ 12,829 $ 21,519 $ 12,829 Interest expense (2,350 ) (3,133 ) (5,718 ) (3,133 ) Change in fair value of consumer loans and warrants 5,522 3,555 19,074 3,555 Gain on sale of consumer loans 1,553 11,850 1,133 11,850 Other expenses (1,390 ) (1,580 ) (4,597 ) (1,580 ) Net income $ 12,062 $ 23,521 $ 31,411 $ 23,521 New Residential’s equity in net income $ 2,982 $ 5,880 $ 7,788 $ 5,880 New Residential’s ownership 24.7 % 24.9 % 24.8 % 24.9 % (A) Data as of May 31, 2018 as a result of the one month reporting lag. (B) Data for the periods ended May 31, 2018 and 2017 , respectively, as a result of the one month reporting lag. The following is a summary of LoanCo’s consumer loan investments: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) June 30, 2018 (C) $ 242,082 25.0 % $ 242,082 14.6 % 1.4 0.6 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of May 31, 2018 as a result of the one month reporting lag. New Residential’s investment in LoanCo and WarrantCo changed as follows: Balance at December 31, 2017 $ 51,412 Contributions to equity method investees 205,641 Distributions of earnings from equity method investees (3,263 ) Distributions of capital from equity method investees (203,758 ) Earnings from investments in consumer loans, equity method investees 7,788 Balance at June 30, 2018 $ 57,820

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES As of June 30, 2018 , New Residential’s derivative instruments included economic hedges that were not designated as hedges for accounting purposes. New Residential uses economic hedges to hedge a portion of its interest rate risk exposure. Interest rate risk is sensitive to many factors, including governmental monetary and tax policies, domestic and international economic and political considerations, as well as other factors. New Residential’s credit risk with respect to economic hedges is the risk of default on New Residential’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments. As of June 30, 2018 , New Residential held to-be-announced forward contract positions (“TBAs”) of $2.2 billion in a short notional amount of Agency RMBS and any amounts or obligations owed by or to New Residential are subject to the right of set-off with the TBA counterparty. New Residential’s net short position in TBAs was entered into as an economic hedge in order to mitigate New Residential’s interest rate risk on certain specified mortgage backed securities. As of June 30, 2018 , New Residential separately held TBAs of $1.1 billion in a long notional amount of Agency RMBS and any amounts or obligations owed by or to New Residential are subject to the right of set-off with the TBA counterparty. As part of executing these trades, New Residential has entered into agreements with its TBA counterparties that govern the transactions for the TBA purchases or sales made, including margin maintenance, payment and transfer, events of default, settlements, and various other provisions. New Residential has fulfilled all obligations and requirements entered into under these agreements. New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows: Balance Sheet Location June 30, 2018 December 31, 2017 Derivative assets Interest Rate Caps Other assets $ 10 $ 2,423 $ 10 $ 2,423 Derivative liabilities Interest Rate Swaps (A) Accrued expenses and other liabilities $ 111 $ — TBAs Accrued expenses and other liabilities 7,700 697 $ 7,811 $ 697 (A) Net of less than $1.9 million of related variation margin accounts as of June 30, 2018 . As of December 31, 2017 , no variation margin accounts existed. The following table summarizes notional amounts related to derivatives: June 30, 2018 December 31, 2017 TBAs, short position (A) $ 2,217,500 $ 3,101,100 TBAs, long position (A) 1,110,400 1,014,000 Interest Rate Caps (B) 162,500 772,500 Interest Rate Swaps (C) 4,200,000 — (A) Represents the notional amount of Agency RMBS, classified as derivatives. (B) As of June 30, 2018 , caps LIBOR at 4.00% for $12.5 million of notional, and at 4.00% for $150.0 million of notional. The weighted average maturity of the interest rate caps as of June 30, 2018 was 7 months. (C) Receive LIBOR and pay a fixed rate. The weighted average maturity of the interest rate swaps as of June 30, 2018 was 36 months and the weighted average fixed pay rate was 2.85% . The following table summarizes all income (losses) recorded in relation to derivatives: For the For the 2018 2017 2018 2017 Other income (loss), net (A) TBAs $ 371 $ 1,414 $ 2,365 $ 1,537 Interest Rate Caps (48 ) (843 ) 438 (270 ) Interest Rate Swaps 917 (8,581 ) 883 (4,951 ) 1,240 (8,010 ) 3,686 (3,684 ) Gain (loss) on settlement of investments, net TBAs 3,857 (22,609 ) 19,293 (29,410 ) Interest Rate Caps 130 — (603 ) (562 ) Interest Rate Swaps 15,283 (5,125 ) 37,943 (9,598 ) 19,270 (27,734 ) 56,633 (39,570 ) Total income (losses) $ 20,510 $ (35,744 ) $ 60,319 $ (43,254 ) (A) Represents unrealized gains (losses).

DEBT OBLIGATIONS

DEBT OBLIGATIONS	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS The following table presents certain information regarding New Residential’s debt obligations: June 30, 2018 December 31, 2017 Collateral Debt Obligations/Collateral Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Repurchase Agreements (C) Agency RMBS (D) $ 1,122,411 $ 1,122,411 Jul-18 2.18 % 0.1 $ 1,190,879 $ 1,182,808 $ 1,174,578 0.4 $ 1,974,164 Non-Agency RMBS (E) 5,405,096 5,405,096 Jul-18 to Sep-18 3.39 % 0.1 13,216,453 6,096,983 6,565,322 7.3 4,720,290 Residential Mortgage Loans (F) 2,126,086 2,125,071 Jul-18 to Dec-19 4.09 % 0.5 2,676,421 2,459,100 2,434,254 4.5 1,849,004 Real Estate Owned (G)(H) 104,606 104,556 Jul-18 to Dec-19 4.16 % 0.2 N/A N/A 133,504 N/A 118,681 Total Repurchase Agreements 8,758,199 8,757,134 3.42 % 0.2 8,662,139 Notes and Bonds Payable Excess MSRs (I) 197,759 197,563 Feb-20 to Jul-22 4.97 % 4.1 150,771,743 408,244 522,540 5.7 483,978 MSRs (J) 1,896,688 1,888,618 Feb-19 to May-23 4.14 % 3.3 340,548,316 3,191,130 4,001,757 6.5 1,157,179 Servicer Advances (K) 3,539,105 3,532,641 Mar-19 to Dec-21 3.48 % 2.2 3,946,804 4,028,735 4,050,884 1.4 4,060,156 Residential Mortgage Loans (L) 6,110 6,110 Oct-18 4.33 % 0.3 8,323 4,706 4,706 6.2 137,196 Consumer Loans (M) 1,085,465 1,081,193 Dec-21 to Mar-24 3.38 % 3.0 1,216,194 1,218,423 1,212,761 3.5 1,242,756 Receivable from government agency (L) 1,651 1,651 Oct-18 4.30 % 0.3 N/A N/A 1,156 N/A 3,126 Total Notes and Bonds Payable 6,726,778 6,707,776 3.69 % 2.7 7,084,391 Total/ Weighted Average $ 15,484,977 $ 15,464,910 3.54 % 1.3 $ 15,746,530 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through July 30, 2018 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $22.1 million of associated accrued interest payable as of June 30, 2018 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.1 billion of related trade and other receivables. (E) All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $162.2 million on retained servicer advance and consumer loan bonds. (F) All of these repurchase agreements have LIBOR-based floating interest rates. (G) All of these repurchase agreements have LIBOR-based floating interest rates. (H) Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (I) Includes $197.8 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.00% , and includes corporate loans with no balance currently outstanding which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.50% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the interests in MSRs that secure these notes. (J) Includes: $205.0 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.25% ; $230.0 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.00% ; $73.4 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.50% ; and $1,388.2 million of public notes with fixed interest rates ranging from 3.55% to 4.45% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and mortgage servicing rights financing receivables that secure these notes. (K) $3.3 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 2.0% to 2.2% . Collateral includes Servicer Advance Investments, as well as servicer advances receivable related to the mortgage servicing rights and mortgage servicing rights financing receivables owned by NRM. (L) Represents: (i) a $7.8 million note payable to Nationstar that bears interest equal to one-month LIBOR plus 2.88% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $796.4 million UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024. Also includes a $41.7 million face amount note which bears interest equal to 4.00% . As of June 30, 2018 , New Residential had no outstanding repurchase agreements where the amount at risk with any individual counterparty or group of related counterparties exceeded 10% of New Residential’s stockholders' equity. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest). General Certain of the debt obligations included above are obligations of New Residential’s consolidated subsidiaries, which own the related collateral. In some cases, such collateral is not available to other creditors of New Residential. New Residential has margin exposure on $8.8 billion of repurchase agreements as of June 30, 2018 . To the extent that the value of the collateral underlying these repurchase agreements declines, New Residential may be required to post margin, which could significantly impact its liquidity. Activities related to the carrying value of New Residential’s debt obligations were as follows: Excess MSRs MSRs Servicer Advances (A) Real Estate Securities Residential Mortgage Loans and REO Consumer Loans Total Balance at December 31, 2017 $ 483,978 $ 1,157,179 $ 4,060,156 $ 6,694,454 $ 2,108,007 $ 1,242,756 $ 15,746,530 Repurchase Agreements: Borrowings — — — 32,519,734 1,022,326 — 33,542,060 Repayments — — — (32,686,681 ) (760,928 ) — (33,447,609 ) Capitalized deferred financing costs, net of amortization — — — — 544 — 544 Notes and Bonds Payable: Borrowings — 2,088,834 2,594,269 — — — 4,683,103 Repayments (286,440 ) (1,350,230 ) (3,121,736 ) — (132,561 ) (162,585 ) (5,053,552 ) Discount on borrowings, net of amortization — — 21 — — 742 763 Capitalized deferred financing costs, net of amortization 25 (7,165 ) (68 ) — — 280 (6,928 ) Balance at June 30, 2018 $ 197,563 $ 1,888,618 $ 3,532,641 $ 6,527,507 $ 2,237,388 $ 1,081,193 $ 15,464,910 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances. Maturities New Residential’s debt obligations as of June 30, 2018 had contractual maturities as follows: Year Nonrecourse Recourse Total July 1 through December 31, 2018 $ — $ 8,252,495 $ 8,252,495 2019 931,902 718,465 1,650,367 2020 824,179 — 824,179 2021 1,824,701 833,977 2,658,678 2022 73,442 427,778 501,220 2023 and thereafter 1,043,790 554,248 1,598,038 $ 4,698,014 $ 10,786,963 $ 15,484,977 Borrowing Capacity The following table represents New Residential’s borrowing capacity as of June 30, 2018 : Debt Obligations / Collateral Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential mortgage loans and REO $ 3,541,961 $ 2,230,692 $ 1,311,269 Notes and Bonds Payable Excess MSRs 150,000 — 150,000 MSRs 975,000 278,442 696,558 Servicer advances (A) 1,745,000 1,275,406 469,594 Consumer loans 150,000 41,676 108,324 $ 6,561,961 $ 3,826,216 $ 2,735,745 (A) New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.1% fee on the unused borrowing capacity. Excludes borrowing capacity and outstanding debt for retained Non-Agency bonds collateralized by servicer advances with a current face amount of $86.3 million . Certain of the debt obligations are subject to customary loan covenants and event of default provisions, including event of default provisions triggered by certain specified declines in New Residential’s equity or a failure to maintain a specified tangible net worth, liquidity, or indebtedness to tangible net worth ratio. New Residential was in compliance with all of its debt covenants as of June 30, 2018 .

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT The carrying values and fair values of New Residential’s assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of June 30, 2018 were as follows: Fair Value Principal Balance or Notional Amount Carrying Value Level 1 Level 2 Level 3 Total Assets Investments in: Excess mortgage servicing rights, at fair value (A) $ 119,341,195 $ 495,299 $ — $ — $ 495,299 $ 495,299 Excess mortgage servicing rights, equity method investees, at fair value (A) 47,430,395 159,034 — — 159,034 159,034 Mortgage servicing rights, at fair value (A) 200,050,016 2,232,126 — — 2,232,126 2,232,126 Mortgage servicing rights financing receivables, at fair value 151,659,091 1,904,919 — — — 1,904,919 1,904,919 Servicer advance investments, at fair value 692,323 843,438 — — 843,438 843,438 Real estate and other securities, available-for-sale 16,753,696 8,084,927 — 1,231,519 6,853,408 8,084,927 Residential mortgage loans, held-for-investment 808,845 690,771 — — 701,529 701,529 Residential mortgage loans, held-for-sale 2,170,968 2,021,319 — — 2,070,675 2,070,675 Consumer loans, held-for-investment 1,216,350 1,212,917 — — 1,204,850 1,204,850 Derivative assets 162,500 10 — 10 — 10 Cash and cash equivalents 193,236 193,236 193,236 — — 193,236 Restricted cash 161,441 161,441 161,441 — — 161,441 Other assets 36,819 24,059 — 12,760 36,819 $ 18,036,256 $ 378,736 $ 1,231,529 $ 16,478,038 $ 18,088,303 Liabilities Repurchase agreements $ 8,758,199 $ 8,757,134 $ — $ 8,758,199 $ — $ 8,758,199 Notes and bonds payable 6,726,778 6,707,776 — — 6,688,414 6,688,414 Derivative liabilities 7,527,900 7,811 — 7,811 — 7,811 $ 15,472,721 $ — $ 8,766,010 $ 6,688,414 $ 15,454,424 (A) The notional amount represents the total unpaid principal balance of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. New Residential’s assets measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) MSRs (A) Mortgage Servicing Rights Financing Receivable (A) Servicer Advance Investments Non-Agency RMBS Agency Non-Agency Total Balance at December 31, 2017 $ 324,636 $ 849,077 $ 171,765 $ 1,735,504 $ 598,728 $ 4,027,379 $ 5,974,789 $ 13,681,878 Transfers (C) Transfers from Level 3 — — — — — — — — Transfers to Level 3 — — — — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (D) — — — — — — (14,224 ) (14,224 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (7,617 ) (43,350 ) — — — — — (50,967 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — 2,228 — — — — 2,228 Included in servicing revenue, net (E) — — — 61,859 — — — 61,859 Included in change in fair value of investments in mortgage servicing rights financing receivables (D) — — — — 151,973 — — 151,973 Included in change in fair value of servicer advance investments — — — — (81,228 ) — (81,228 ) Included in gain (loss) on settlement of investments, net — 40,417 — — — 72,585 (644 ) 112,358 Included in other income (loss), net (D) 3,288 172 — — — — 4,804 8,264 Gains (losses) included in other comprehensive income (F) — — — — — — 85,132 85,132 Interest income 10,415 10,328 — — — 31,381 158,348 210,472 Purchases, sales and repayments Purchases — — — 434,763 138,993 1,340,237 1,184,917 3,098,910 Proceeds from sales — — — — (2,768 ) — (66,198 ) (68,966 ) Proceeds from repayments (31,151 ) (22,349 ) (14,959 ) — — (1,344,078 ) (473,516 ) (1,886,053 ) New Ocwen Agreements (Note 5) — (638,567 ) — — 1,017,993 (3,202,838 ) — (2,823,412 ) Balance at June 30, 2018 $ 299,571 $ 195,728 $ 159,034 $ 2,232,126 $ 1,904,919 $ 843,438 $ 6,853,408 $ 12,488,224 (A) Includes the recapture agreement for each respective pool, as applicable. (B) Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest. (C) Transfers are assumed to occur at the beginning of the respective period. (D) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income. Investments in Excess MSRs, Excess MSRs Equity Method Investees, MSRs and MSR Financing Receivables Valuation The following table summarizes certain information regarding the weighted average inputs used as of June 30, 2018 : Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 9.5 % 2.9 % 30.5 % 21 22 Recaptured Pools 7.8 % 4.4 % 26.7 % 22 24 Recapture Agreement 7.3 % 4.4 % 26.4 % 21 — 8.8 % 3.4 % 29.1 % 21 23 Non-Agency (G) Nationstar and SLS Serviced: Original Pools 11.6 % N/A 15.3 % 15 24 Recaptured Pools 6.7 % N/A 19.8 % 22 24 Recapture Agreement 6.7 % N/A 19.7 % 20 — 10.7 % N/A 16.1 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.6 % 3.4 % 24.0 % 19 23 Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 10.8 % 4.8 % 32.4 % 19 21 Recaptured Pools 7.9 % 4.6 % 29.3 % 23 24 Recapture Agreement 7.9 % 4.6 % 29.2 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.3 % 4.7 % 30.8 % 21 22 Total/Weighted Average--Excess MSRs All Pools 9.5 % 3.9 % 26.6 % 20 23 MSRs Agency Mortgage Servicing Rights (H) 9.3 % 1.3 % 23.8 % 27 22 Mortgage Servicing Rights Financing Receivables 9.2 % 1.2 % 13.9 % 27 20 Non-Agency Mortgage Servicing Rights Financing Receivables 9.5 % 15.0 % 5.0 % 45 26 Ginnie Mae Mortgage Servicing Rights Financing Receivables 11.9 % 5.2 % 30.8 % 27 28 (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). A weighted average cost of subservicing of $7.43 per loan per month was used to value the agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $11.84 per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $9.63 per loan per month was used to value the Ginnie Mae MSRs, including MSR Financing Receivables. (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used. (H) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. With respect to valuing the Ocwen-serviced mortgage servicing rights financing receivables, which include a significant servicer advances receivable component, the cost of financing servicer advances receivable is assumed to be LIBOR plus 0.9% . As of June 30, 2018 , a weighted average discount rate of 8.8% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). As of June 30, 2018 , a weighted average discount rate of 8.6% was used to value New Residential’s investments in MSRs and a weighted average discount rate of 10.2% was used to value New Residential’s investments in MSR financing receivables. Servicer Advance Investments Valuation The following table summarizes certain information regarding the inputs used in valuing the Servicer Advance Investments, including the basic fee component of the related MSRs: Significant Inputs Weighted Average Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans Prepayment Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Rate Collateral Weighted Average Maturity (Years) (C) June 30, 2018 1.5 % 12.0 % 18.4 % 19.5 bps 5.8 % 23.2 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 9.2 bps which represents the amount New Residential paid its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool. Real Estate and Other Securities Valuation As of June 30, 2018 , New Residential’s securities valuation methodology and results are further detailed as follows: Fair Value Asset Type Outstanding Face Amount Amortized Cost Basis Multiple Quotes (A) Single Quote (B) Total Level Agency RMBS $ 1,205,334 $ 1,231,112 $ 1,231,519 $ — $ 1,231,519 2 Non-Agency RMBS (C) 15,548,362 6,388,332 6,847,374 6,034 6,853,408 3 Total $ 16,753,696 $ 7,619,444 $ 8,078,893 $ 6,034 $ 8,084,927 (A) New Residential generally obtained pricing service quotations or broker quotations from two sources, one of which was generally the seller (the party that sold New Residential the security) for Non-Agency RMBS. New Residential evaluates quotes received and determines one as being most representative of fair value, and does not use an average of the quotes. Even if New Residential receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because it believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases, for non-agency RMBS, there is a wide disparity between the quotes New Residential receives. New Residential believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on New Residential’s own fair value analysis, it selects one of the quotes which is believed to more accurately reflect fair value. New Residential has not adjusted any of the quotes received in the periods presented. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to actually purchase the security at the quoted price. New Residential’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable. The third-party pricing services and brokers engaged by New Residential (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of RMBS. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. New Residential has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, New Residential creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by New Residential, and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance. For 80.2% of New Residential’s Non-Agency RMBS, the ranges of assumptions used by New Residential’s valuation providers are summarized in the table below. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 5,496,584 2.66% to 30.00% 0.25% to 20.00% 0.15% to 9.00% 5.0% to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding balance. (B) New Residential was unable to obtain quotations from more than one source on these securities. For approximately $6.0 million , the one source was the party that sold New Residential the security. (C) Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected. Derivative Valuation New Residential enters into economic hedges including interest rate swaps, caps and TBAs, which are categorized as Level 2 in the valuation hierarchy. New Residential generally values such derivatives using quotations, similarly to the method of valuation used for New Residential’s other assets that are categorized as Level 2. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis; that is, they are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances, such as when there is evidence of impairment. For residential mortgage loans held-for-sale and foreclosed real estate accounted for as REO, New Residential applies the lower of cost or fair value accounting and may be required, from time to time, to record a nonrecurring fair value adjustment. At June 30, 2018 , assets measured at fair value on a nonrecurring basis were $0.3 billion . The $0.3 billion of assets include approximately $238.1 million of residential mortgage loans held-for-sale and $78.9 million of REO. The fair value of New Residential’s residential mortgage loans, held-for-sale is estimated based on a discounted cash flow model analysis using internal pricing models and is categorized within Level 3 of the fair value hierarchy. The following table summarizes the inputs used in valuing these residential mortgage loans as of June 30, 2018 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Performing Loans $ 225,840 4.6 % 5.1 7.9 % 3.9 % 32.7 % Non-Performing Loans 45,291 6.6 % 3.2 3.0 % 2.9 % 30.0 % Total/Weighted Average $ 271,131 4.9 % 4.8 7.1 % 3.7 % 32.2 % (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance. (C) Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance. The fair value of REO is estimated using a broker’s price opinion discounted based upon New Residential’s experience with actual liquidation values and, therefore, is categorized within Level 3 of the fair value hierarchy. These discounts to the broker price opinion generally range from 10% to 25% , depending on the information available to the broker. The total change in the recorded value of assets for which a fair value adjustment has been included in the Condensed Consolidated Statement of Income for the six months ended June 30, 2018 was a reversal of net valuation allowance of approximately $4.2 million , consisting of a reversal of prior valuation allowance of $4.4 million for residential mortgage loans, offset by $0.2 million increased allowance for REO.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
Equity and Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends In January 2018, New Residential issued 28.8 million shares of its common stock in a public offering at a price to the public of $17.10 per share for net proceeds of approximately $482.3 million . To compensate the Manager for its successful efforts in raising capital for New Residential, in connection with this offering, New Residential granted options to the Manager relating to 2.9 million shares of New Residential’s common stock at the public offering price, which had a fair value of approximately $3.8 million as of the grant date. The assumptions used in valuing the options were: a 2.58% risk-free rate, a 9.86% dividend yield, 23.16% volatility and a 10 -year term. On June 21, 2018 , New Residential’s board of directors declared a second quarter 2018 dividend of $0.50 per common share or $169.9 million , which was paid on July 27, 2018 to stockholders of record as of July 2, 2018 . In June 2018, the Manager and one or more affiliates and employees of the Manager, including an executive officer and director of New Residential, exercised an aggregate of 15,803,216 options and were issued an aggregate of 3,694,228 shares of New Residential’s common stock in a cashless exercise, which were sold to third parties in a simultaneous secondary offering. Approximately 0.5 million shares of New Residential’s common stock were held by Fortress, through its affiliates, at June 30, 2018 . Option Plan As of June 30, 2018 , New Residential’s outstanding options were summarized as follows: Held by the Manager 4,037,056 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 1,530,916 Issued to the independent directors 6,000 Total 5,573,972 The following table summarizes New Residential’s outstanding options as of June 30, 2018 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended June 30, 2018 was $17.49 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of June 30, 2018 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) Directors Various 6,000 6,000 $ 13.49 $ — Manager (C) 2016 533,334 — — — Manager (C) 2017 2,638,804 — — — Manager (C) 2018 2,395,834 — — — Outstanding 5,573,972 6,000 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise prices are subject to adjustment in connection with return of capital dividends. A portion of New Residential’s 2017 dividends was deemed to be a return of capital and the exercise prices were adjusted accordingly. (C) The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant to Manager Range of Exercise Prices Total Unexercised Inception to Date 2016 $13.70 400,000 2017 $14.50 1,130,916 Total 1,530,916 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2017 outstanding options 18,502,188 Options granted 2,875,000 $ 17.10 Options exercised (15,803,216 ) $ 14.30 Options expired unexercised — June 30, 2018 outstanding options 5,573,972 See table above Income and Earnings Per Share New Residential is required to present both basic and diluted earnings per share (“EPS”). Basic EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. New Residential’s common stock equivalents are its outstanding options. During the six months ended June 30, 2018 , based on the treasury stock method, New Residential had 3,112,055 dilutive common stock equivalents outstanding. During the six months ended June 30, 2017 , based on the treasury stock method, New Residential had 1,845,375 dilutive common stock equivalents outstanding. Noncontrolling Interests Noncontrolling interests is comprised of the interests held by third parties in consolidated entities that hold New Residential’s Servicer Advance Investments (Note 6) and Consumer Loans (Note 9).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation – New Residential is or may become, from time to time, involved in various disputes, litigation and regulatory inquiry and investigation matters that arise in the ordinary course of business. Given the inherent unpredictability of these types of proceedings, it is possible that future adverse outcomes could have a material adverse effect on its business, financial position or results of operations. New Residential is not aware of any unasserted claims that it believes are material and probable of assertion where the risk of loss is expected to be reasonably possible. New Residential is, from time to time, subject to inquiries by government entities. New Residential currently does not believe any of these inquiries would result in a material adverse effect on New Residential’s business. Indemnifications – In the normal course of business, New Residential and its subsidiaries enter into contracts that contain a variety of representations and warranties and that provide general indemnifications. New Residential’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against New Residential that have not yet occurred. However, based on its experience, New Residential expects the risk of material loss to be remote. Capital Commitments — As of June 30, 2018 , New Residential had outstanding capital commitments related to investments in the following investment types (also refer to Note 5 for MSR investment commitments and to Note 18 for additional capital commitments entered into subsequent to June 30, 2018 , if any): MSRs and servicer advances — New Residential and, in some cases, third-party co-investors agreed to purchase future servicer advances related to certain Non-Agency mortgage loans. In addition, New Residential’s subsidiary, NRM, is generally obligated to fund future servicer advances related to the loans it is obligated to service. The actual amount of future advances purchased will be based on: (a) the credit and prepayment performance of the underlying loans, (b) the amount of advances recoverable prior to liquidation of the related collateral and (c) the percentage of the loans with respect to which no additional advance obligations are made. The actual amount of future advances is subject to significant uncertainty. See Notes 5 and 6 for information on New Residential’s investments in MSRs and Servicer Advance Investments, respectively. Residential Mortgage Loans — As part of its investment in residential mortgage loans, New Residential may be required to outlay capital. These capital outflows primarily consist of advance escrow and tax payments, residential maintenance and property disposition fees. The actual amount of these outflows is subject to significant uncertainty. See Note 8 for information on New Residential’s investments in residential mortgage loans. Consumer Loans — The Consumer Loan Companies have invested in loans with an aggregate of $181.2 million of unfunded and available revolving credit privileges as of June 30, 2018 . However, under the terms of these loans, requests for draws may be denied and unfunded availability may be terminated at New Residential’s discretion. Environmental Costs — As a residential real estate owner, through its REO, New Residential is subject to potential environmental costs. At June 30, 2018 , New Residential is not aware of any environmental concerns that would have a material adverse effect on its consolidated financial position or results of operations. Debt Covenants — New Residential’s debt obligations contain various customary loan covenants (Note 11). Certain Tax-Related Covenants — If New Residential is treated as a successor to Drive Shack under applicable U.S. federal income tax rules, and if Drive Shack failed to qualify as a REIT for a taxable year ending on or before December 31, 2014, New Residential could be prohibited from electing to be a REIT. Accordingly, in the separation and distribution agreement executed in connection with New Residential’s spin-off from Drive Shack, Drive Shack (i) represented that it had no knowledge of any fact or circumstance that would cause New Residential to fail to qualify as a REIT, (ii) covenanted to use commercially reasonable efforts to cooperate with New Residential as necessary to enable New Residential to qualify for taxation as a REIT and receive customary legal opinions concerning REIT status, including providing information and representations to New Residential and its tax counsel with respect to the composition of Drive Shack’s income and assets, the composition of its stockholders, and its operation as a REIT; and (iii) covenanted to use its reasonable best efforts to maintain its REIT status for each of Drive Shack’s taxable years ending on or before December 31, 2014 (unless Drive Shack obtains an opinion from a nationally recognized tax counsel or a private letter ruling from the U.S. Internal Revenue Service (“IRS”) to the effect that Drive Shack’s failure to maintain its REIT status will not cause New Residential to fail to qualify as a REIT under the successor REIT rule referred to above). Additionally, New Residential covenanted to use its reasonable best efforts to qualify for taxation as a REIT for its taxable year ended December 31, 2013.

TRANSACTIONS WITH AFFILIATES AN

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	6 Months Ended
	Jun. 30, 2018
Transactions With Affiliates And Affiliated Entities
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES New Residential is party to a Management Agreement with its Manager which provides for automatically renewing one -year terms subject to certain termination rights. The Manager’s performance is reviewed annually and the Management Agreement may be terminated by New Residential by payment of a termination fee, as defined in the Management Agreement, equal to the amount of management fees earned by the Manager during the 12 consecutive calendar months immediately preceding the termination, upon the affirmative vote of at least two-thirds of the independent directors, or by a majority vote of the holders of common stock. If the Management Agreement is terminated, the Manager may require New Residential to purchase from the Manager the right of the Manager to receive the Incentive Compensation. In exchange therefor, New Residential would be obligated to pay the Manager a cash purchase price equal to the amount of the Incentive Compensation that would be paid to the Manager if all of New Residential’s assets were sold for cash at their then current fair market value (taking into account, among other things, expected future performance of the underlying investments). Pursuant to the Management Agreement, the Manager, under the supervision of New Residential’s board of directors, formulates investment strategies, arranges for the acquisition of assets and associated financing, monitors the performance of New Residential’s assets and provides certain advisory, administrative and managerial services in connection with the operations of New Residential. The Manager is entitled to receive a management fee in an amount equal to 1.5% per annum of New Residential’s gross equity calculated and payable monthly in arrears in cash. Gross equity is generally the equity transferred by Drive Shack on the date of the spin-off, plus total net proceeds from stock offerings, plus certain capital contributions to subsidiaries, less capital distributions and repurchases of common stock. In addition, the Manager is entitled to receive annual incentive compensation in an amount equal to the product of (A) 25% of the dollar amount by which (1) (a) New Residential’s funds from operations before the incentive compensation, excluding funds from operations from investments in the Consumer Loan Companies and any unrealized gains or losses from mark-to-market valuation changes on investments and debt (and any deferred tax impact thereof), per share of common stock, plus (b) earnings (or losses) from the Consumer Loan Companies computed on a level-yield basis (such that the loans are treated as if they qualified as loans acquired with a discount for credit quality as set forth in ASC No. 310-30, as such codification was in effect on June 30, 2013) as if the Consumer Loan Companies had been acquired at their GAAP basis on May 15, 2013, plus earnings (or losses) from equity method investees invested in Excess MSRs as if such equity method investees had not made a fair value election, plus gains (or losses) from debt restructuring and gains (or losses) from sales of property, and plus non-routine items, minus amortization of non-routine items, in each case per share of common stock, exceed (2) an amount equal to (a) the weighted average of the book value per share of the equity transferred by Drive Shack on the date of the spin-off and the prices per share of New Residential’s common stock in any offerings (adjusted for prior capital dividends or capital distributions) multiplied by (b) a simple interest rate of 10% per annum, multiplied by (B) the weighted average number of shares of common stock outstanding. “Funds from operations” means net income (computed in accordance with GAAP), excluding gains (or losses) from debt restructuring and gains (or losses) from sales of property, plus depreciation on real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. Funds from operations will be computed on an unconsolidated basis. The computation of funds from operations may be adjusted at the direction of New Residential’s independent directors based on changes in, or certain applications of, GAAP. Funds from operations is determined from the date of the spin-off and without regard to Drive Shack’s prior performance. In addition to the management fee and incentive compensation, New Residential is responsible for reimbursing the Manager for certain expenses paid by the Manager on behalf of New Residential. Due to affiliates is comprised of the following amounts: June 30, 2018 December 31, 2017 Management fees $ 5,156 $ 4,734 Incentive compensation 41,321 81,373 Expense reimbursements and other 2,171 2,854 Total $ 48,648 $ 88,961 Affiliate expenses and fees were comprised of: Three Months Ended Six Months Ended 2018 2017 2018 2017 Management fees $ 15,453 $ 14,186 $ 30,563 $ 27,260 Incentive compensation 26,732 40,172 41,321 52,632 Expense reimbursements (A) 125 125 250 250 Total $ 42,310 $ 54,483 $ 72,134 $ 80,142 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income. See Notes 4, 5, 6, 8, 11 and 14 for a discussion of transactions with Nationstar. As of June 30, 2018 , 99.2% , 26.0% and 97.0% of the UPB of the loans underlying New Residential’s investments in Excess MSRs, MSRs and Servicer Advance Investments, respectively, was serviced, subserviced or master serviced by Nationstar. As of June 30, 2018 , a total face amount of $3.4 billion of New Residential’s Non-Agency RMBS portfolio and approximately $38.3 million of New Residential’s Agency RMBS portfolio was serviced or master serviced by Nationstar. The total UPB of the loans underlying these Nationstar serviced Non-Agency RMBS was approximately $20.0 billion as of June 30, 2018 . New Residential holds a limited right to cleanup call options with respect to certain securitization trusts serviced or master serviced by Nationstar whereby, when the outstanding balance of the underlying residential mortgage loans falls below a pre-determined threshold, it can effectively purchase the underlying residential mortgage loans at par, plus unreimbursed servicer advances, and repay all of the outstanding securitization financing at par, in exchange for a fee of 0.75% of UPB paid to Nationstar at the time of exercise. In connection with New Residential’s exercise of certain of these call rights, and certain other call rights acquired by New Residential, New Residential has made, and expects to continue to make, payments to funds managed by an affiliate of Fortress in respect of Excess MSRs held by the funds affected by the exercise of the call rights (“MSR Fund Payments”). During 2018 , New Residential accrued for MSR Fund Payments in an aggregate amount of approximately $0.1 million and has also caused an aggregate of $0.2 million of securities to be transferred to such funds in 2018 . New Residential continues to evaluate the call rights it purchased from Nationstar, and its ability to exercise such rights and realize the benefits therefrom are subject to a number of risks. The actual UPB of the residential mortgage loans on which New Residential can successfully exercise call rights and realize the benefits therefrom may differ materially from its initial assumptions. As of June 30, 2018 , $961.1 million UPB of New Residential’s residential mortgage loans and $9.6 million of New Residential’s REO were being serviced or master serviced by Nationstar. Additionally, in the ordinary course of business, New Residential engages Nationstar to administer the termination of securitization trusts that it collapses pursuant to its call rights. As a result of these relationships, New Residential routinely has receivables from, and payables to, Nationstar, which are included in Other Assets and Accrued Expenses and Other Liabilities, respectively. See Note 9 for a discussion of a transaction with OneMain and Note 4 regarding co-investments with Fortress-managed funds.

RECLASSIFICATION FROM ACCUMULAT

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income: Three Months Ended Six Months Ended Accumulated Other Comprehensive Income Components Statement of Income Location 2018 2017 2018 2017 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ 8,731 $ (21,257 ) $ 37,958 $ (22,250 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 12,631 5,115 19,301 7,227 Total reclassifications $ 21,362 $ (16,142 ) $ 57,259 $ (15,023 ) New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented, as no taxable subsidiary generated other comprehensive income.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense (benefit) consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current: Federal $ (1,100 ) $ 503 $ 608 $ 2,611 State and Local 251 153 687 223 Total Current Income Tax Expense (Benefit) (849 ) 656 1,295 2,834 Deferred: Federal (2,955 ) 73,330 (11,628 ) 76,076 State and Local 1,196 8,858 813 9,530 Total Deferred Income Tax Expense (Benefit) (1,759 ) 82,188 (10,815 ) 85,606 Total Income Tax Expense (Benefit) $ (2,608 ) $ 82,844 $ (9,520 ) $ 88,440 New Residential intends to qualify as a REIT for each of its tax years through December 31, 2018 . A REIT is generally not subject to U.S. federal corporate income tax on that portion of its income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. New Residential operates various securitization vehicles and has made certain investments, particularly its investments in MSRs (Note 5), Servicer Advance Investments (Note 6) and REO (Note 8), through taxable REIT subsidiaries (“TRSs”) that are subject to regular corporate income taxes which have been provided for in the provision for income taxes, as applicable. New Residential has recorded a net deferred tax liability of approximately $8.4 million as of June 30, 2018 , primarily related to unrealized gains and discount accruals offset by net operating loss carry forwards. On December 22, 2017, the Tax Cuts and Jobs Act (the “TCJA”) was signed into law. The TCJA includes a number of significant changes to existing U.S. corporate income tax laws, most notably a reduction of the U.S. corporate income tax rate from 35 percent to 21 percent, effective January 1, 2018. New Residential measures deferred tax assets and liabilities using enacted tax rates that will apply in the years in which the temporary differences are expected to be recovered or paid. New Residential is still analyzing certain aspects of the TCJA and refining its calculations, which could potentially affect the measurement of these balances or give rise to new deferred tax amounts.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These financial statements include a discussion of material events that have occurred subsequent to June 30, 2018 (referred to as “subsequent events”) through the issuance of these condensed consolidated financial statements. Events subsequent to that date have not been considered in these financial statements. Corporate Activities On November 29, 2017, the Shellpoint Purchaser, a Delaware limited liability company and a wholly owned subsidiary of New Residential, entered into the Original SPA with Shellpoint, the sellers party thereto (the “Sellers”) and Shellpoint Services LLC, a Delaware limited liability company, as the representative of the Sellers. On July 3, 2018, the Shellpoint Purchaser entered into the Amendment, which modified the terms of the Original SPA to, among other things, (i) replace Shellpoint Services LLC with Shellpoint Representative LLC as representative of the Sellers, (ii) eliminate the requirement that certain indebtedness of Shellpoint be repaid at or prior to the completion of the Acquisition (as defined below), (iii) provide for the payment to the Sellers following the completion of the Acquisition of certain settlement payments that may be received by Shellpoint and (iv) modify certain provisions relating to amounts to be held back by NRM Acquisition in respect of potential post-closing indemnification claims. Pursuant to the Shellpoint SPA, on July 3, 2018, Shellpoint Purchaser purchased all of the outstanding equity interests of Shellpoint (the “Shellpoint Acquisition”) for a purchase price of approximately $212.0 million based on the tangible book value of Shellpoint, subject to certain customary closing and post-closing adjustments. As additional consideration for the Shellpoint Acquisition, the Shellpoint Purchaser will make up to three cash earnout payments, which will be calculated following each of the first three anniversaries of the Shellpoint Closing as a percentage of the amount by which the pre-tax income of certain of Shellpoint’s businesses exceeds certain specified thresholds, up to an aggregate maximum amount of $60.0 million (the “Shellpoint Earnout Payments”), and allocated approximately 92% to the sellers and approximately 8% to a long-term employee incentive plan of Shellpoint. In connection with the Shellpoint Acquisition, New Residential also entered into a guaranty in favor of the sellers in respect of all of the Shellpoint Purchaser’s payment obligations under the Shellpoint SPA. Shellpoint is a vertically integrated mortgage platform with operations across mortgage origination and servicing, and is an approved Fannie Mae and Freddie Mac seller and servicer and a Ginnie Mae issuer. The Shellpoint SPA contains certain customary representations and warranties made by each party, which are qualified by the confidential disclosures provided to the Shellpoint Purchaser in connection with the Shellpoint SPA. The Shellpoint SPA also contains certain indemnification provisions. A portion of the closing purchase price has been held back by the Shellpoint Purchaser, which holdback amount, together with a right of offset against the Shellpoint Earnout Payments, is available to the Shellpoint Purchaser to satisfy certain indemnification claims.

ORGANIZATION AND BASIS OF PRE26

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	The accompanying condensed consolidated financial statements and related notes of New Residential have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and note disclosures normally included in financial statements prepared under U.S. generally accepted accounting principles have been condensed or omitted. In the opinion of management, all adjustments considered necessary for a fair presentation of New Residential’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year.
Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenues from Contracts with Customers (Topic 606) . The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In effect, companies are required to exercise further judgment and make more estimates prospectively. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU No. 2014-09 was effective for New Residential in the first quarter of 2018. New Residential has evaluated the new guidance and determined that interest income, gains and losses on financial instruments and income from servicing residential mortgage loans are outside the scope of ASC No. 606. For income from servicing residential mortgage loans, New Residential considered that the FASB Transition Resource Group members generally agreed that an entity should look to ASC No. 860, Transfers and Servicing, to determine the appropriate accounting for these fees and ASC No. 606 contains a scope exception for contracts that fall under ASC No. 860. In addition, NRM determined that ancillary income generated from services for mortgage loans and REO properties represent servicing fees due to a servicer, through contractual terms, that would no longer be received by a servicer if the owners of the serviced loans were to exercise their authority to shift the servicing to another servicer and, therefore, similarly fall under ASC No. 860. As a result, the adoption of ASU No. 2014-09 did not have a material impact on the condensed consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The standard: (i) requires that certain equity investments be measured at fair value, and modifies the assessment of impairment for certain other equity investments, (ii) changes certain disclosure requirements related to the fair value of financial instruments measured at amortized cost, (iii) changes certain disclosure requirements related to liabilities measured at fair value, (iv) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (v) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU No. 2016-01 was effective for New Residential in the first quarter of 2018. The adoption of ASU No. 2016-01 did not have a material impact on the condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases . The standard requires that lessees recognize a right-of-use asset and corresponding lease liability on the balance sheet for most leases. The guidance applied by a lessor under ASU No. 2016-02 is substantially similar to existing GAAP. ASU No. 2016-02 is effective for New Residential in the first quarter of 2019. Early adoption is permitted upon issuance. An entity should apply ASU No. 2016-02 by means of a modified retrospective transition method for all leases existing at, or entered into after, the date of initial application. The adoption of ASU No. 2016-02 is not expected to have a material impact on the condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . The standard requires that a financial asset measured at amortized cost basis be presented at the net amount expected to be collected, net of an allowance for all expected (rather than incurred) credit losses. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The standard also changes the accounting for purchased credit deteriorated assets and available-for-sale securities, which will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. ASU No. 2016-13 is effective for New Residential in the first quarter of 2020. Early adoption is permitted beginning in 2019. An entity should apply ASU No. 2016-13 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements, which at the date of adoption is expected to increase the allowance for credit losses with a resulting negative adjustment to retained earnings. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory . The standard requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 was effective for New Residential in the first quarter of 2018. The adoption of ASU No. 2016-16 did not have a material impact on the condensed consolidated financial statements.

OTHER INCOME, ASSETS AND LIAB27

OTHER INCOME, ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Other Income Assets And Liabilities
Schedule of Gain (Loss) on Settlement of Investments	Gain (loss) on settlement of investments, net is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Gain (loss) on sale of real estate securities, net $ (8,731 ) $ 21,257 $ (37,958 ) $ 22,250 Gain (loss) on sale of residential mortgage loans, net 9,228 26,373 (5,423 ) 28,938 Gain (loss) on settlement of derivatives 19,270 (27,734 ) 56,633 (39,570 ) Gain (loss) on liquidated residential mortgage loans (769 ) (3,628 ) (1,154 ) (5,844 ) Gain (loss) on sale of REO (4,343 ) (2,702 ) (7,143 ) (5,312 ) Gains reclassified from change in fair value of investments in excess MSRs and servicer advance investments — — 113,002 — Other gains (losses) — (195 ) — (765 ) $ 14,655 $ 13,371 $ 117,957 $ (303 )
Schedule of Other Income	Other income (loss), net, is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Unrealized gain (loss) on derivative instruments $ 1,240 $ (8,010 ) $ 3,686 $ (3,684 ) Unrealized gain (loss) on other ABS 5,117 (607 ) 4,804 151 Gain (loss) on transfer of loans to REO 6,320 4,978 10,490 11,612 Gain (loss) on transfer of loans to other assets (175 ) 81 (120 ) 293 Gain (loss) on Excess MSRs 1,365 715 4,270 1,342 Gain (loss) on Ocwen common stock (972 ) — 4,800 — Other income (loss) (2,918 ) (6,192 ) (7,969 ) (11,905 ) $ 9,977 $ (9,035 ) $ 19,961 $ (2,191 )
Schedule of Other Assets and Liabilities	Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Margin receivable, net $ 119,211 $ 53,150 Interest payable $ 33,260 $ 28,821 Other receivables 66,167 10,635 Accounts payable 45,030 73,017 Principal and interest receivable 53,576 48,373 Derivative liabilities (Note 10) 7,811 697 Receivable from government agency 25,020 41,429 Current taxes payable — — Call rights 327 327 Due to servicers 76,749 24,571 Derivative assets (Note 10) 10 2,423 MSR purchase price holdback 100,080 101,290 Servicing fee receivables 74,095 60,520 Other liabilities 21,120 10,718 Ginnie Mae EBO servicer advances receivable, net 2,269 8,916 $ 284,050 $ 239,114 Due from servicers 58,181 38,601 Ocwen common stock, at fair value 24,059 19,259 Prepaid expenses 9,479 7,308 Other assets 36,402 21,240 $ 468,796 $ 312,181
Schedule of Accretion and Other Amortization	As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following: Six Months Ended 2018 2017 Accretion of servicer advances receivable discount and servicer advance investments $ 146,024 $ 316,512 Accretion of excess mortgage servicing rights income 20,743 49,546 Accretion of net discount on securities and loans (A) 197,331 187,039 Amortization of deferred financing costs (3,963 ) (6,800 ) Amortization of discount on notes and bonds payable (1,030 ) (911 ) $ 359,105 $ 545,386 (A) Includes accretion of the accretable yield on PCD loans.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Summary of Segment Financial Data	Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole: Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended June 30, 2018 Interest income $ 11,384 $ 167,754 $ 12,494 $ 115,592 $ 40,685 $ 55,022 $ 874 $ 403,805 Interest expense 2,470 46,834 6,431 48,548 18,614 11,019 — 133,916 Net interest income (expense) 8,914 120,920 6,063 67,044 22,071 44,003 874 269,889 Impairment — — — 12,631 (9,430 ) 13,088 — 16,289 Servicing revenue, net — 146,193 — — — — — 146,193 Other income (loss) (2,973 ) (118,334 ) (1,633 ) 16,783 5,727 4,478 (860 ) (96,812 ) Operating expenses 14 50,111 267 643 10,275 8,839 49,604 119,753 Income (Loss) Before Income Taxes 5,927 98,668 4,163 70,553 26,953 26,554 (49,590 ) 183,228 Income tax expense (benefit) — — 203 — (2,811 ) — — (2,608 ) Net Income (Loss) $ 5,927 $ 98,668 $ 3,960 $ 70,553 $ 29,764 $ 26,554 $ (49,590 ) $ 185,836 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 1,056 $ — $ — $ 10,022 $ — $ 11,078 Net income (loss) attributable to common stockholders $ 5,927 $ 98,668 $ 2,904 $ 70,553 $ 29,764 $ 16,532 $ (49,590 ) $ 174,758 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Six Months Ended June 30, 2018 Interest income $ 20,743 $ 334,272 $ 31,385 $ 216,725 $ 75,077 $ 107,670 $ 1,506 $ 787,378 Interest expense 6,959 90,945 12,861 90,078 34,925 22,535 — 258,303 Net interest income (expense) 13,784 243,327 18,524 126,647 40,152 85,135 1,506 529,075 Impairment — — — 19,301 (4,247 ) 26,912 — 41,966 Servicing revenue, net — 363,429 — — — — — 363,429 Other income (loss) (4,862 ) 153,443 (8,210 ) 27,352 (14,490 ) 9,568 4,911 167,712 Operating expenses 75 102,389 411 940 19,222 18,276 86,257 227,570 Income (Loss) Before Income Taxes 8,847 657,810 9,903 133,758 10,687 49,515 (79,840 ) 790,680 Income tax expense (benefit) — (6,729 ) (224 ) — (2,811 ) 244 — (9,520 ) Net Income (Loss) $ 8,847 $ 664,539 $ 10,127 $ 133,758 $ 13,498 $ 49,271 $ (79,840 ) $ 800,200 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 2,439 $ — $ — $ 18,750 $ — $ 21,189 Net income (loss) attributable to common stockholders $ 8,847 $ 664,539 $ 7,688 $ 133,758 $ 13,498 $ 30,521 $ (79,840 ) $ 779,011 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total June 30, 2018 Investments $ 654,333 $ 4,137,045 $ 843,438 $ 8,084,927 $ 2,837,791 $ 1,270,737 $ — $ 17,828,271 Cash and cash equivalents 489 120,857 32,154 4,885 10,403 17,283 7,165 193,236 Restricted cash 3,718 104,677 9,441 — — 43,605 — 161,441 Other assets 3,617 3,306,219 3,749 1,211,807 116,590 39,167 79,634 4,760,783 Total assets $ 662,157 $ 7,668,798 $ 888,782 $ 9,301,619 $ 2,964,784 $ 1,370,792 $ 86,799 $ 22,943,731 Debt $ 197,563 $ 4,845,717 $ 639,252 $ 6,365,317 $ 2,237,388 $ 1,179,673 $ — $ 15,464,910 Other liabilities 1,140 208,277 (14,004 ) 1,195,845 48,873 15,199 224,567 1,679,897 Total liabilities 198,703 5,053,994 625,248 7,561,162 2,286,261 1,194,872 224,567 17,144,807 Total equity 463,454 2,614,804 263,534 1,740,457 678,523 175,920 (137,768 ) 5,798,924 Noncontrolling interests in equity of consolidated subsidiaries — — 58,286 — — 31,845 — 90,131 Total New Residential stockholders’ equity $ 463,454 $ 2,614,804 $ 205,248 $ 1,740,457 $ 678,523 $ 144,075 $ (137,768 ) $ 5,708,793 Investments in equity method investees $ 159,034 $ — $ — $ — $ — $ 57,820 $ — $ 216,854 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended June 30, 2017 Interest income $ 18,128 $ 2,535 $ 244,308 $ 113,475 $ 25,638 $ 67,698 $ 170 $ 471,952 Interest expense 9,005 10,600 40,720 29,571 11,628 13,633 — 115,157 Net interest income (expense) 9,123 (8,065 ) 203,588 83,904 14,010 54,065 170 356,795 Impairment — — — 5,115 5,261 15,510 — 25,886 Servicing revenue, net — 170,851 — — — — — 170,851 Other income (loss) (14,219 ) 5,596 54,774 (15,374 ) 21,174 5,896 — 57,847 Operating expenses 112 59,318 605 297 8,406 11,544 59,078 139,360 Income (Loss) Before Income Taxes (5,208 ) 109,064 257,757 63,118 21,517 32,907 (58,908 ) 420,247 Income tax expense (benefit) — (10,666 ) 88,547 — 4,793 170 — 82,844 Net Income (Loss) $ (5,208 ) $ 119,730 $ 169,210 $ 63,118 $ 16,724 $ 32,737 $ (58,908 ) $ 337,403 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 3,328 $ — $ — $ 12,343 $ — $ 15,671 Net income (loss) attributable to common stockholders $ (5,208 ) $ 119,730 $ 165,882 $ 63,118 $ 16,724 $ 20,394 $ (58,908 ) $ 321,732 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Six Months Ended June 30, 2017 Interest income $ 49,546 $ 2,560 $ 321,012 $ 207,283 $ 43,631 $ 140,104 $ 354 $ 764,490 Interest expense 19,077 11,587 84,596 50,452 19,168 28,506 — 213,386 Net interest income (expense) 30,469 (9,027 ) 236,416 156,831 24,463 111,598 354 551,104 Impairment — — — 7,227 3,243 35,438 — 45,908 Servicing revenue, net — 211,453 — — — — — 211,453 Other income (loss) (13,015 ) 5,809 56,575 (20,970 ) 19,838 5,916 — 54,153 Operating expenses 198 79,041 1,429 628 14,259 22,982 89,264 207,801 Income (Loss) Before Income Taxes 17,256 129,194 291,562 128,006 26,799 59,094 (88,910 ) 563,001 Income tax expense (benefit) — (11,945 ) 97,739 — 2,476 170 — 88,440 Net Income (Loss) $ 17,256 $ 141,139 $ 193,823 $ 128,006 $ 24,323 $ 58,924 $ (88,910 ) $ 474,561 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 9,148 $ — $ — $ 22,303 $ — $ 31,451 Net income (loss) attributable to common stockholders $ 17,256 $ 141,139 $ 184,675 $ 128,006 $ 24,323 $ 36,621 $ (88,910 ) $ 443,110

INVESTMENTS IN EXCESS MORTGAG29

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2018
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 21,037 (294 ) — 20,743 Other income 3,460 — — 3,460 Proceeds from repayments (53,161 ) (339 ) — (53,500 ) Proceeds from sales — — — — Change in fair value (10,681 ) 131 (40,417 ) (50,967 ) New Ocwen Agreements (Note 5) — — (598,150 ) (598,150 ) Balance as of June 30, 2018 $ 492,888 $ 2,411 $ — $ 495,299 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advance Investments acquired from HLSS. The following table presents activity related to the carrying value of New Residential’s investments in mortgage servicing rights financing receivables: Balance as of December 31, 2017 $ 598,728 Investments made 138,993 New Ocwen Agreements 1,017,993 Proceeds from sales (2,768 ) Amortization of servicing rights (A) (105,543 ) Change in valuation inputs and assumptions 257,516 Balance as of June 30, 2018 $ 1,904,919 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in mortgage servicing rights financing receivables as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 45,771,115 5.9 $ 396,305 $ 478,133 Non-Agency 94,727,185 6.8 1,004,298 1,291,498 Ginnie Mae 11,160,791 8.0 137,216 135,288 Total $ 151,659,091 6.6 $ 1,537,819 $ 1,904,919 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 10.2% was used to value New Residential’s investments in mortgage servicing rights financing receivables. The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2017 $ 1,735,504 Purchases 434,763 Amortization of servicing rights (A) (120,566 ) Change in valuation inputs and assumptions 182,425 Balance as of June 30, 2018 $ 2,232,126 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 199,993,032 6.4 $ 1,790,527 $ 2,232,126 Non-Agency 56,984 6.8 — — Total $ 200,050,016 6.4 $ 1,790,527 $ 2,232,126 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 8.6% was used to value New Residential’s investments in MSRs.
Summary of Direct Investments in Excess MSRs	The following is a summary of New Residential’s direct investments in Excess MSRs: June 30, 2018 December 31, 2017 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) Carrying Value (C) New Residential (D) Fortress-managed funds Nationstar Agency Original and Recaptured Pools $ 60,151,459 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.8 $ 233,707 $ 261,558 $ 280,033 Recapture Agreements — 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 13.0 16,792 38,013 44,603 60,151,459 6.3 250,499 299,571 324,636 Non-Agency (E) Nationstar and SLS Serviced: Original and Recaptured Pools $ 59,189,735 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 5.6 $ 144,681 $ 178,345 $ 190,696 Recapture Agreements — 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 12.8 5,897 17,383 19,814 Ocwen Serviced Pools — —% —% —% — — — 638,567 59,189,735 5.9 150,578 195,728 849,077 Total $ 119,341,194 6.1 $ 401,077 $ 495,299 $ 1,173,713 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired. (C) Carrying Value represents the fair value of the pools or recapture agreements, as applicable. (D) Amounts in parentheses represent weighted averages. (E) New Residential also invested in related Servicer Advance Investments, including the basic fee component of the related MSR as of June 30, 2018 (Note 6) on $44.9 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Original and Recaptured Pools $ (2,567 ) $ (21,736 ) $ (45,689 ) $ (28,984 ) Recapture Agreements (2,709 ) 2,556 (5,278 ) 10,625 $ (5,276 ) $ (19,180 ) $ (50,967 ) $ (18,359 )
Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential: June 30, 2018 December 31, 2017 Excess MSR assets $ 297,022 $ 321,197 Other assets 21,732 22,333 Other liabilities (687 ) — Equity $ 318,067 $ 343,530 New Residential’s investment $ 159,034 $ 171,765 New Residential’s ownership 50.0 % 50.0 % Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest income $ 6,864 $ 8,931 $ 12,091 $ 13,114 Other income (loss) (3,453 ) (420 ) (7,635 ) (5,065 ) Expenses — (19 ) — (45 ) Net income (loss) $ 3,411 $ 8,492 $ 4,456 $ 8,004 New Residential’s investments in equity method investees changed during the six months ended June 30, 2018 as follows: Balance at December 31, 2017 $ 171,765 Contributions to equity method investees — Distributions of earnings from equity method investees (6,530 ) Distributions of capital from equity method investees (8,429 ) Change in fair value of investments in equity method investees 2,228 Balance at June 30, 2018 $ 159,034 The following tables summarize the investment in LoanCo and WarrantCo held by New Residential: June 30, 2018 (A) December 31, 2017 Consumer loans, at fair value $ 242,082 $ 178,422 Warrants, at fair value 94,874 80,746 Other assets 53,242 46,342 Warehouse financing (177,930 ) (117,944 ) Other liabilities (5,885 ) (13,059 ) Equity $ 206,383 $ 174,507 Undistributed retained earnings $ — $ — New Residential’s investment $ 50,241 $ 42,473 New Residential’s ownership 24.3 % 24.3 % Three Months Ended Six Months Ended 2018 (B) 2017 (B) 2018 (B) 2017 (B) Interest income $ 8,727 $ 12,829 $ 21,519 $ 12,829 Interest expense (2,350 ) (3,133 ) (5,718 ) (3,133 ) Change in fair value of consumer loans and warrants 5,522 3,555 19,074 3,555 Gain on sale of consumer loans 1,553 11,850 1,133 11,850 Other expenses (1,390 ) (1,580 ) (4,597 ) (1,580 ) Net income $ 12,062 $ 23,521 $ 31,411 $ 23,521 New Residential’s equity in net income $ 2,982 $ 5,880 $ 7,788 $ 5,880 New Residential’s ownership 24.7 % 24.9 % 24.8 % 24.9 % (A) Data as of May 31, 2018 as a result of the one month reporting lag. (B) Data for the periods ended May 31, 2018 and 2017 , respectively, as a result of the one month reporting lag. The following is a summary of LoanCo’s consumer loan investments: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) June 30, 2018 (C) $ 242,082 25.0 % $ 242,082 14.6 % 1.4 0.6 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of May 31, 2018 as a result of the one month reporting lag. New Residential’s investment in LoanCo and WarrantCo changed as follows: Balance at December 31, 2017 $ 51,412 Contributions to equity method investees 205,641 Distributions of earnings from equity method investees (3,263 ) Distributions of capital from equity method investees (203,758 ) Earnings from investments in consumer loans, equity method investees 7,788 Balance at June 30, 2018 $ 57,820
Summary of Excess MSR Investments made through Equity Method Investees	The following is a summary of New Residential’s Excess MSR investments made through equity method investees: June 30, 2018 Unpaid Principal Balance Investee Interest in Excess MSR (A) New Residential Interest in Investees Amortized Cost Basis (B) Carrying Value (C) Weighted Average Life (Years) (D) Agency Original and Recaptured Pools $ 47,430,395 66.7 % 50.0 % $ 197,193 $ 253,967 5.6 Recapture Agreements — 66.7 % 50.0 % 21,515 43,055 12.7 Total $ 47,430,395 $ 218,708 $ 297,022 6.3 (A) The remaining interests are held by Nationstar. (B) Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired. (C) Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or recapture agreements, as applicable. (D) The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investment in Excess MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments: Aggregate Direct and Equity Method Investees Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 24.8 % 24.0 % Florida 8.0 % 8.7 % New York 6.5 % 8.5 % Texas 4.5 % 4.6 % New Jersey 3.9 % 4.1 % Maryland 3.8 % 3.7 % Illinois 3.6 % 3.5 % Georgia 3.5 % 3.1 % Virginia 3.3 % 3.0 % Arizona 2.7 % 2.5 % Washington 2.6 % 2.4 % Pennsylvania 2.5 % 2.6 % Other U.S. 30.3 % 29.3 % 100.0 % 100.0 %

INVESTMENTS IN MORTGAGE SERVI30

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]
Fees Earned in Exchange for Servicing Financial Assets	Interest income from investments in mortgage servicing rights financing receivables was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Servicing fee revenue $ 192,462 $ 2,675 $ 394,414 $ 2,675 Ancillary and other fees 40,360 75 70,595 75 Less: subservicing expense (65,115 ) (294 ) (130,821 ) (294 ) Interest income, investments in mortgage servicing rights financing receivables $ 167,707 $ 2,456 $ 334,188 $ 2,456 Change in fair value of investments in mortgage servicing rights financing receivables was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Amortization of servicing rights $ (56,840 ) $ (1,127 ) $ (105,543 ) $ (1,127 ) Change in valuation inputs and assumptions (62,263 ) 6,723 257,516 6,723 Change in fair value of investments in mortgage servicing rights financing receivables $ (119,103 ) $ 5,596 $ 151,973 $ 5,596 Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Servicing fee revenue $ 131,286 $ 120,432 $ 250,509 $ 185,901 Ancillary and other fees 27,714 24,982 51,061 27,170 Servicing fee revenue and fees 159,000 145,414 301,570 213,071 Amortization of servicing rights (65,439 ) (64,305 ) (120,566 ) (90,601 ) Change in valuation inputs and assumptions 52,632 89,742 182,425 88,983 Servicing revenue, net $ 146,193 $ 170,851 $ 363,429 $ 211,453
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 21,037 (294 ) — 20,743 Other income 3,460 — — 3,460 Proceeds from repayments (53,161 ) (339 ) — (53,500 ) Proceeds from sales — — — — Change in fair value (10,681 ) 131 (40,417 ) (50,967 ) New Ocwen Agreements (Note 5) — — (598,150 ) (598,150 ) Balance as of June 30, 2018 $ 492,888 $ 2,411 $ — $ 495,299 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advance Investments acquired from HLSS. The following table presents activity related to the carrying value of New Residential’s investments in mortgage servicing rights financing receivables: Balance as of December 31, 2017 $ 598,728 Investments made 138,993 New Ocwen Agreements 1,017,993 Proceeds from sales (2,768 ) Amortization of servicing rights (A) (105,543 ) Change in valuation inputs and assumptions 257,516 Balance as of June 30, 2018 $ 1,904,919 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in mortgage servicing rights financing receivables as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 45,771,115 5.9 $ 396,305 $ 478,133 Non-Agency 94,727,185 6.8 1,004,298 1,291,498 Ginnie Mae 11,160,791 8.0 137,216 135,288 Total $ 151,659,091 6.6 $ 1,537,819 $ 1,904,919 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 10.2% was used to value New Residential’s investments in mortgage servicing rights financing receivables. The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2017 $ 1,735,504 Purchases 434,763 Amortization of servicing rights (A) (120,566 ) Change in valuation inputs and assumptions 182,425 Balance as of June 30, 2018 $ 2,232,126 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of June 30, 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Agency $ 199,993,032 6.4 $ 1,790,527 $ 2,232,126 Non-Agency 56,984 6.8 — — Total $ 200,050,016 6.4 $ 1,790,527 $ 2,232,126 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of June 30, 2018 , a weighted average discount rate of 8.6% was used to value New Residential’s investments in MSRs.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investment in MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs and mortgage servicing rights financing receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 20.0 % 19.0 % New York 7.9 % 6.3 % Florida 6.9 % 6.0 % Texas 5.3 % 5.7 % New Jersey 4.9 % 5.2 % Illinois 4.0 % 4.1 % Massachusetts 3.8 % 3.8 % Maryland 3.4 % 2.8 % Pennsylvania 3.2 % 3.3 % Virginia 3.2 % 3.1 % Other U.S. 37.4 % 40.7 % 100.0 % 100.0 %
Summary of Investments in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: June 30, 2018 December 31, 2017 Principal and interest advances $ 832,272 $ 172,467 Escrow advances (taxes and insurance advances) 2,143,021 482,884 Foreclosure advances 226,916 16,017 Total (A) (B) $ 3,202,209 $ 671,368 (A) Includes $172.3 million and $167.9 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Net of $13.2 million and $4.2 million , respectively, in unamortized discount and accrual for advance recoveries. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) June 30, 2018 Servicer Advance Investments $ 821,289 $ 843,438 5.8 % 5.8 % 5.5 As of December 31, 2017 Servicer Advance Investments $ 3,924,003 $ 4,027,379 6.8 % 7.3 % 5.1 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended Six Months Ended 2018 2017 2018 2017 Change in Fair Value of Servicer Advance Investments $ (1,752 ) $ 56,969 $ (81,228 ) $ 59,528 The following is additional information regarding the Servicer Advance Investments and related financing: Loan-to-Value (“LTV”) (A) Cost of Funds (C) UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Notes and Bonds Payable Gross Net (B) Gross Net June 30, 2018 Servicer Advance Investments (D) $ 44,895,549 $ 692,323 1.5 % $ 662,010 89.2 % 88.1 % 3.7 % 3.1 % December 31, 2017 Servicer Advance Investments (D) $ 139,460,371 $ 3,581,876 2.6 % $ 3,461,718 93.2 % 92.0 % 3.3 % 3.0 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees. (D) The following types of advances are included in the Servicer Advance Investments: June 30, 2018 December 31, 2017 Principal and interest advances $ 112,367 $ 909,133 Escrow advances (taxes and insurance advances) 268,741 1,636,381 Foreclosure advances 311,215 1,036,362 Total $ 692,323 $ 3,581,876

SERVICER ADVANCE INVESTMENTS (T

SERVICER ADVANCE INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Summary of Investments in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: June 30, 2018 December 31, 2017 Principal and interest advances $ 832,272 $ 172,467 Escrow advances (taxes and insurance advances) 2,143,021 482,884 Foreclosure advances 226,916 16,017 Total (A) (B) $ 3,202,209 $ 671,368 (A) Includes $172.3 million and $167.9 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Net of $13.2 million and $4.2 million , respectively, in unamortized discount and accrual for advance recoveries. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) June 30, 2018 Servicer Advance Investments $ 821,289 $ 843,438 5.8 % 5.8 % 5.5 As of December 31, 2017 Servicer Advance Investments $ 3,924,003 $ 4,027,379 6.8 % 7.3 % 5.1 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended Six Months Ended 2018 2017 2018 2017 Change in Fair Value of Servicer Advance Investments $ (1,752 ) $ 56,969 $ (81,228 ) $ 59,528 The following is additional information regarding the Servicer Advance Investments and related financing: Loan-to-Value (“LTV”) (A) Cost of Funds (C) UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Notes and Bonds Payable Gross Net (B) Gross Net June 30, 2018 Servicer Advance Investments (D) $ 44,895,549 $ 692,323 1.5 % $ 662,010 89.2 % 88.1 % 3.7 % 3.1 % December 31, 2017 Servicer Advance Investments (D) $ 139,460,371 $ 3,581,876 2.6 % $ 3,461,718 93.2 % 92.0 % 3.3 % 3.0 % (A) Based on outstanding servicer advances, excluding purchased but unsettled servicer advances. (B) Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve. (C) Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees. (D) The following types of advances are included in the Servicer Advance Investments: June 30, 2018 December 31, 2017 Principal and interest advances $ 112,367 $ 909,133 Escrow advances (taxes and insurance advances) 268,741 1,636,381 Foreclosure advances 311,215 1,036,362 Total $ 692,323 $ 3,581,876
Schedule of Interest Income Related to Investments in Servicer Advances	Interest income recognized by New Residential related to its Servicer Advance Investments was comprised of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest income, gross of amounts attributable to servicer compensation $ 22,161 $ 133,098 $ 42,548 $ 206,954 Amounts attributable to base servicer compensation (2,035 ) (102,359 ) (4,007 ) (106,506 ) Amounts attributable to incentive servicer compensation (7,634 ) 209,730 (7,160 ) 216,064 Interest income from Servicer Advance Investments $ 12,492 $ 240,469 $ 31,381 $ 316,512 New Residential has determined that the Buyer is a VIE. The following table presents information on the assets and liabilities related to this consolidated VIE. As of June 30, 2018 December 31, 2017 Assets Servicer advance investments, at fair value $ 810,581 $ 1,002,102 Cash and cash equivalents 30,046 40,929 All other assets 11,333 13,011 Total assets (A) $ 851,960 $ 1,056,042 Liabilities Notes and bonds payable $ 634,553 $ 789,979 All other liabilities 3,185 3,308 Total liabilities (A) $ 637,738 $ 793,287 (A) The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations. Others’ interests in the equity of the Buyer is computed as follows: June 30, 2018 December 31, 2017 Total Advance Purchaser LLC equity $ 214,221 $ 262,755 Others’ ownership interest 27.2 % 27.2 % Others’ interest in equity of consolidated subsidiary $ 58,286 $ 71,491 Others’ interests in the Buyer’s net income is computed as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net Advance Purchaser LLC income $ 3,881 $ 6,140 $ 8,966 $ 16,876 Others’ ownership interest as a percent of total 27.2 % 54.2 % 27.2 % 54.2 % Others’ interest in net income of consolidated subsidiaries $ 1,056 $ 3,328 $ 2,439 $ 9,148

INVESTMENTS IN REAL ESTATE AN32

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Summary of Real Estate Securities	The following is a summary of New Residential’s real estate and other securities, all of which are classified as available-for-sale and are, therefore, reported at fair value with changes in fair value recorded in other comprehensive income, except for securities that are other-than-temporarily impaired and except for securities which New Residential elected to carry at fair value and record changes to valuation through the income statement. June 30, 2018 December 31, 2017 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Treasury $ — $ — $ — $ — $ — — N/A — % — % — N/A $ 852,734 Agency RMBS (F) (G) 1,205,334 1,231,112 539 (132 ) 1,231,519 61 AAA 3.97 % 3.43 % 4.3 N/A 1,243,617 Non-Agency RMBS (H) (I) 15,548,362 6,388,332 519,637 (54,561 ) 6,853,408 806 CCC 2.87 % 5.89 % 7.2 9.5 % 5,974,789 Total/ Weighted Average $ 16,753,696 $ 7,619,444 $ 520,176 $ (54,693 ) $ 8,084,927 867 B 3.03 % 5.49 % 6.8 $ 8,071,140 (A) Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value. (B) Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 226 bonds with a carrying value of $537.6 million which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current. (C) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $208.6 million and $0.0 million , respectively, for which no coupon payment is expected. (D) The weighted average life is based on the timing of expected principal reduction on the assets. (E) Percentage of the amortized cost basis of securities that is subordinate to New Residential’s investments, excluding fair value option securities. (F) Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac. (G) The total outstanding face amount was $1.1 billion for fixed rate securities and $0.1 billion for floating rate securities as of June 30, 2018 . (H) The total outstanding face amount was $2.1 billion (including $1.4 billion of residual and fair value option notional amount) for fixed rate securities and $13.4 billion (including $5.6 billion of residual and fair value option notional amount) for floating rate securities as of June 30, 2018 . (I) Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by MSRs and (iii) bonds backed by consumer loans. Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal Subordination Corporate debt $ 85,000 $ 85,000 $ — $ (1,700 ) $ 83,300 1 B- 8.25 % 8.25 % 6.8 N/A Consumer loan bonds 58,212 39,044 42 (2,811 ) 36,275 4 N/A N/A 25.50 % 1.4 N/A MSR bonds 100,000 100,000 563 — 100,563 1 BBB- 4.94 % 7.03 % 8.9 N/A Fair Value Option Securities: Interest-only securities 4,983,445 228,691 16,682 (11,084 ) 234,289 62 AA 1.50 % 7.43 % 3.1 N/A Servicing Strips 1,023,140 8,814 1,326 (212 ) 9,928 23 N/A 0.21 % 14.09 % 6.1 N/A Activities related to New Residential’s investments in real estate and other securities were as follows: Six Months Ended June 30, 2018 (in millions) Treasury Agency Non-Agency Purchases Face $ — $ 2,207.5 $ 3,888.5 Purchase Price $ — $ 2,215.1 $ 1,184.9 Sales Face $ 862.0 $ 2,162.4 $ 85.0 Amortized Cost $ 858.0 $ 2,182.1 $ 66.8 Sale Price $ 849.8 $ 2,152.2 $ 66.2 Gain (Loss) on Sale $ (8.2 ) $ (29.9 ) $ (0.6 )
Summary of Real Estate Securities in an Unrealized Loss Position	The following table summarizes New Residential’s securities in an unrealized loss position as of June 30, 2018 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Impairment Other-Than- Temporary Impairment (A) After Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating (B) Coupon Yield Life (Years) Less than 12 Months $ 3,392,071 $ 1,404,921 $ (2,106 ) $ 1,402,815 $ (30,644 ) $ 1,372,171 166 B- 3.26 % 5.28 % 5.6 12 or More Months 1,588,531 493,005 (10,525 ) 482,480 (24,049 ) 458,431 94 BBB+ 2.00 % 5.74 % 5.3 Total/Weighted Average $ 4,980,602 $ 1,897,926 $ (12,631 ) $ 1,885,295 $ (54,693 ) $ 1,830,602 260 B+ 2.94 % 5.40 % 5.6 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of June 30, 2018 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 35 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 13 bonds which either have never been rated or for which rating information is no longer provided. New Residential performed an assessment of all of its debt securities that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of OTTI, exceeds its fair value) and determined the following: June 30, 2018 Gross Unrealized Losses Fair Value Amortized Cost Basis After Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell (C) $ 95,719 $ 95,719 $ (5,077 ) $ — Securities New Residential is more likely than not to be required to sell (D) — — — N/A Securities New Residential has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 525,651 544,486 (7,554 ) (18,835 ) Non-credit impaired securities 1,209,232 1,245,090 — (35,858 ) Total debt securities in an unrealized loss position $ 1,830,602 $ 1,885,295 $ (12,631 ) $ (54,693 ) (A) This amount is required to be recorded as OTTI through earnings. In measuring the portion of credit losses, New Residential estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include New Residential’s expectations of prepayment rates, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment’s effective interest rate. (B) This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income. (C) A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment, and, therefore do no t have unrealized losses reflected in other comprehensive income as of June 30, 2018 . (D) New Residential may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, New Residential must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales.
Summary of Activity Related to Credit Losses on Debt Securities	The following table summarizes the activity related to credit losses on debt securities: Six Months Ended June 30, 2018 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 23,821 Increases to credit losses on securities for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income 11,911 Additions for credit losses on securities for which an OTTI was not previously recognized 7,390 Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis — Reduction for credit losses on securities for which no OTTI was recognized in other comprehensive income at the current measurement date — Reduction for securities sold during the period (812 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 42,310
Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS	The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS: June 30, 2018 December 31, 2017 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 5,702,939 37.0 % $ 4,882,136 38.4 % Southeastern U.S. 3,693,161 24.0 % 3,005,519 23.6 % Northeastern U.S. 3,101,220 20.1 % 2,555,514 20.1 % Midwestern U.S. 1,709,037 11.1 % 1,337,980 10.5 % Southwestern U.S. 1,081,426 7.0 % 927,647 7.3 % Other (B) 117,367 0.8 % 18,871 0.1 % $ 15,405,150 100.0 % $ 12,727,667 100.0 % (A) Excludes $58.2 million and $29.7 million face amount of bonds backed by consumer loans and $85.0 million and $0.0 million face amount of bonds backed by corporate debt as of June 30, 2018 and December 31, 2017 , respectively. (B) Represents collateral for which New Residential was unable to obtain geographic information.
Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible	The following is the outstanding face amount and carrying value for securities, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments, excluding residual and fair value option securities: Outstanding Face Amount Carrying Value June 30, 2018 $ 5,921,325 $ 3,875,742 December 31, 2017 5,364,847 3,493,723
Summary of Changes in Accretable Yield for Securities	The following is a summary of the changes in accretable yield for these securities: Six Months Ended June 30, 2018 Balance at December 31, 2017 $ 2,000,266 Additions 189,915 Accretion (120,455 ) Reclassifications from (to) non-accretable difference 51,419 Disposals (3,277 ) Balance at June 30, 2018 $ 2,117,868

INVESTMENTS IN RESIDENTIAL MO33

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO	The following table presents certain information regarding New Residential’s residential mortgage loans outstanding by loan type, excluding REO: June 30, 2018 December 31, 2017 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount Loan to Value Ratio (“LTV”) (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Carrying Value Loan Type Performing Loans (G) $ 571,381 $ 520,969 9,137 8.0 % 4.8 20.4 % 80.0 % 7.2 % 648 $ 507,615 Purchased Credit Deteriorated Loans (H) 237,464 169,802 2,216 7.7 % 3.1 16.2 % 90.1 % 79.0 % 596 183,540 Total Residential Mortgage Loans, held-for-investment $ 808,845 $ 690,771 11,353 7.9 % 4.3 19.2 % 83.0 % 28.3 % 633 $ 691,155 Reverse Mortgage Loans (E) (F) $ 15,491 $ 6,796 43 7.9 % 6.2 12.2 % 131.4 % 64.1 % N/A $ 6,870 Performing Loans (G) (I) 1,399,059 1,422,747 16,935 3.9 % 4.4 30.6 % 59.1 % 4.9 % 680 1,071,371 Non-Performing Loans (H) (I) 756,418 591,776 5,838 6.1 % 2.9 17.9 % 86.1 % 77.7 % 590 647,293 Total Residential Mortgage Loans, held-for-sale $ 2,170,968 $ 2,021,319 22,816 4.7 % 3.9 26.0 % 69.0 % 30.7 % 648 $ 1,725,534 (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property. (C) Represents the percentage of the total principal balance that is 60+ days delinquent. (D) The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis. (E) Represents a 70% participation interest that New Residential holds in a portfolio of reverse mortgage loans. Nationstar holds the other 30% interest and services the loans. The average loan balance outstanding based on total UPB was $0.4 million . Approximately 46% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (H) Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of June 30, 2018 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $31.2 million and $61.1 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans	The table below summarizes the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount State Concentration June 30, 2018 December 31, 2017 California 13.0 % 9.1 % New York 11.9 % 12.8 % Texas 6.9 % 6.6 % Florida 6.5 % 8.2 % New Jersey 5.1 % 5.2 % Pennsylvania 3.6 % 3.4 % Illinois 3.5 % 3.9 % Massachusetts 2.8 % 2.7 % Maryland 2.6 % 2.7 % Washington 2.0 % 1.7 % Other U.S. 42.1 % 43.7 % 100.0 % 100.0 %
Schedule of Residential Mortgage Loan Transactions	The following table summarizes these transactions (dollars in millions). Securities Owned Prior Assets Acquired Loans Sold (C) Retained Bonds Retained Assets (C) Date of Call (A) Number of Trusts Called Face Amount Amortized Cost Basis Loan UPB Loan Price (B) REO & Other Price (B) Date of Securitization UPB Gain (Loss) Basis Loan UPB Loan Price REO & Other Price January 2018 — $ — $ — $ — $ — $ — Jan 2018 $ 726.5 $ (17.8 ) $ 76.8 $ 265.3 $ 239.0 $ 14.4 January 2018 7 0.4 0.2 32.5 32.8 0.1 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) March 2018 25 85.9 75.4 458.8 461.4 4.1 May 2018 435.3 (6.7 ) 52.9 56.0 46.8 4.6 April 2018 8 5.8 4.8 218.8 222.3 2.0 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) May 2018 12 6.7 4.7 475.6 473.5 3.2 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) June 2018 12 32.3 19.4 409.0 400.6 3.6 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) (A) Any related securitization may occur on the same or a subsequent date, depending on market conditions and other factors. (B) Price includes par amount paid for all underlying residential mortgage loans of the trusts, plus the basis of the exercised call rights, plus advances and costs incurred (including MSR Fund Payments, as defined in Note 15) in exercising such call rights. (C) Loans were sold through a securitization which was treated as a sale for accounting purposes. Retained assets are reflected as of the date of the relevant securitization. The loans from the fourth quarter of 2017 calls were securitized in January 2018. The May 2018 securitization primarily included loans from the January 2018 and March 2018 calls, but also included $33.5 million of previously acquired loans. No loans from the December 2016 call, January 2017 calls, the last two June 2017 calls, the April 2018 call, the May 2018 call or the June 2018 calls were securitized by June 30, 2018.
Past Due Financing Receivable	The following table provides past due information regarding New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 85.2 % 30-59 6.8 % 60-89 1.5 % 90-119 (B) 0.8 % 120+ (C) 5.7 % 100.0 % (A) Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans 90-119 days past due and still accruing interest because they are generally placed on nonaccrual status at 120 days or more past due. (C) Represents nonaccrual loans. The following table provides past due information regarding New Residential’s performing consumer loans, held-for-investment, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 95.1 % 30-59 1.8 % 60-89 1.1 % 90-119 (B) 0.8 % 120+ (B) (C) 1.2 % 100.0 % (A) Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans more than 90 days past due and still accruing interest. (C) Interest is accrued up to the date of charge-off at 180 days past due.
Summary of Activities Related to the Carrying Value of Reverse Mortgage Loans and Performing Loans and PCD Loans Held-for-Investment	Activities related to the carrying value of PCD loans held-for-investment were as follows: Balance at December 31, 2017 $ 183,540 Purchases/additional fundings 29,785 Sales — Proceeds from repayments (18,296 ) Accretion of loan discount and other amortization 12,265 (Allowance) reversal for loan losses (A) — Transfer of loans to real estate owned (11,999 ) Transfer of loans to held-for-sale (25,493 ) Balance at June 30, 2018 $ 169,802 (A) An allowance represents the present value of cash flows expected at acquisition that are no longer expected to be collected. A reversal results from an increase to expected cash flows that reverses a prior allowance. Activities related to the carrying value of residential mortgage loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 507,615 Purchases/additional fundings 55,993 Proceeds from repayments (49,198 ) Accretion of loan discount (premium) and other amortization (A) 8,728 Provision for loan losses (458 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (1,711 ) Balance at June 30, 2018 $ 520,969 (A) Includes accelerated accretion of discount on loans paid in full and on loans transferred to other assets. (B) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2).
Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans Held-for-Investment	Activities related to the valuation and loss provision on reverse mortgage loans and allowance for loan losses on performing loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 196 Provision for loan losses (A) 458 Charge-offs (B) (654 ) Balance at June 30, 2018 $ — (A) Based on an analysis of collective borrower performance, credit ratings of borrowers, loan-to-value ratios, estimated value of the underlying collateral, key terms of the loans and historical and anticipated trends in defaults and loss severities at a pool level. (B) Loans, other than PCD loans, are generally charged off or charged down to the net realizable value of the collateral (i.e., fair value less costs to sell), with an offset to the allowance for loan losses, when available information confirms that loans are uncollectible. Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2017 $ 4,429 $ 1,676 $ 6,105 Provision (reversal) for loan losses 26,907 (152 ) 26,755 Net charge-offs (C) (27,198 ) — (27,198 ) Balance at June 30, 2018 $ 4,138 $ 1,524 $ 5,662 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of June 30, 2018 , there are $12.5 million in UPB and $11.3 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $4.6 million in recoveries of previously charged-off UPB.
Summary of Unpaid Principal Balance and Carrying Value for Loans Uncollectible	The following is the unpaid principal balance and carrying value for loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value June 30, 2018 $ 237,464 $ 169,802 December 31, 2017 249,254 183,540
Summary of Changes in Accretable Yield	The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 88,631 Additions 16,523 Accretion (12,265 ) Reclassifications from (to) non-accretable difference (A) 1,487 Disposals (B) (2,158 ) Transfer of loans to held-for-sale (C) (5,495 ) Balance at June 30, 2018 $ 86,723 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible. (B) Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount. (C) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.
Summary of Activities Related to the Carrying Value of Loans Held-for-sale	Activities related to the carrying value of loans held-for-sale were as follows: Balance at December 31, 2017 $ 1,725,534 Purchases (A) 2,402,258 Transfer of loans from held-for-investment (B) 25,493 Sales (2,024,996 ) Transfer of loans to other assets (C) (4,138 ) Transfer of loans to real estate owned (28,571 ) Proceeds from repayments (79,142 ) Valuation (provision) reversal on loans (D) 4,881 Balance at June 30, 2018 $ 2,021,319 (A) Represents loans acquired with the intent to sell. (B) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. (C) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2). (D) Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including an aggregate of $11.1 million of provision related to the call transactions executed during the six months ended June 30, 2018 .
Schedule of Real Estate Owned	New Residential recognizes REO assets at the completion of the foreclosure process or upon execution of a deed in lieu of foreclosure with the borrower. REO assets are managed for prompt sale and disposition at the best possible economic value. Real Estate Owned Balance at December 31, 2017 $ 128,295 Purchases 23,948 Transfer of loans to real estate owned 52,771 Sales (79,137 ) Valuation (provision) reversal on REO (176 ) Balance at June 30, 2018 $ 125,701
Schedule of Assets and Liabilities Related to Consolidated Variable Interest Entities	As described in “Call Rights” above, New Residential has issued securitizations which were treated as sales under GAAP. New Residential has no obligation to repurchase any loans from these securitizations and its exposure to loss is limited to the carrying amount of its retained interests in the securitization entities. These securitizations are conducted through variable interest entities, of which New Residential is not the primary beneficiary. The following table summarizes certain characteristics of the underlying residential mortgage loans, and related financing, in these securitizations as of June 30, 2018 : Residential mortgage loan UPB $ 5,651,753 Weighted average delinquency (A) 2.22 % Net credit losses for the six months ended June 30, 2018 $ 3,779 Face amount of debt held by third parties (B) $ 5,190,472 Carrying value of bonds retained by New Residential (C) $ 619,922 Cash flows received by New Residential on these bonds for the six months ended June 30, 2018 $ 65,207 (A) Represents the percentage of the UPB that is 60 + days delinquent. (B) Excludes bonds retained by New Residential. (C) Includes bonds retained pursuant to required risk retention regulations. The following table presents information on the combined assets and liabilities related to these consolidated VIEs. As of June 30, 2018 December 31, 2017 Assets Consumer loans, held-for-investment $ 1,158,191 $ 1,289,010 Restricted cash 10,786 11,563 Accrued interest receivable 17,300 19,360 Total assets (A) $ 1,186,277 $ 1,319,933 Liabilities Notes and bonds payable (B) $ 1,154,564 $ 1,284,436 Accounts payable and accrued expenses 3,958 4,007 Total liabilities (A) $ 1,158,522 $ 1,288,443 (A) The creditors of the Consumer Loan SPVs do not have recourse to the general credit of New Residential, and the assets of the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. (B) Includes $121.0 million face amount of bonds retained by New Residential issued by these VIEs.

INVESTMENTS IN CONSUMER LOANS (

INVESTMENTS IN CONSUMER LOANS (Tables)	6 Months Ended
	Jun. 30, 2018
Investments In Consumer Loans Equity Method Investees [Abstract]
Summary of the Investment in Consumer Loan Companies	The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) June 30, 2018 Consumer Loan Companies Performing Loans $ 904,056 53.5 % $ 946,592 18.6 % 3.7 5.0 % Purchased Credit Deteriorated Loans (C) 253,430 53.5 % 211,599 16.1 % 3.4 10.4 % Other - Performing Loans 58,864 100.0 % 54,726 14.1 % 0.9 4.4 % Total Consumer Loans, held-for-investment $ 1,216,350 $ 1,212,917 17.9 % 3.5 6.1 % December 31, 2017 Consumer Loan Companies Performing Loans $ 1,005,570 53.5 % $ 1,052,561 18.7 % 3.7 6.0 % Purchased Credit Deteriorated Loans (C) 282,540 53.5 % 236,449 16.2 % 3.3 12.5 % Other - Performing Loans 89,682 100.0 % 85,253 14.1 % 1.0 4.5 % Total Consumer Loans, held-for-investment $ 1,377,792 $ 1,374,263 17.9 % 3.5 7.3 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments, which are accounted for as PCD loans.
Past Due Financing Receivable	The following table provides past due information regarding New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 85.2 % 30-59 6.8 % 60-89 1.5 % 90-119 (B) 0.8 % 120+ (C) 5.7 % 100.0 % (A) Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans 90-119 days past due and still accruing interest because they are generally placed on nonaccrual status at 120 days or more past due. (C) Represents nonaccrual loans. The following table provides past due information regarding New Residential’s performing consumer loans, held-for-investment, which is an important indicator of credit quality and the establishment of the allowance for loan losses: June 30, 2018 Days Past Due Delinquency Status (A) Current 95.1 % 30-59 1.8 % 60-89 1.1 % 90-119 (B) 0.8 % 120+ (B) (C) 1.2 % 100.0 % (A) Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans more than 90 days past due and still accruing interest. (C) Interest is accrued up to the date of charge-off at 180 days past due.
Schedule of Carrying Value of Performing Consumer Loans	Activities related to the carrying value of performing consumer loans, held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 1,137,814 Purchases — Additional fundings (A) 20,636 Proceeds from repayments (126,855 ) Accretion of loan discount and premium amortization, net 1,038 Gross charge-offs (31,758 ) Additions to the allowance for loan losses, net 443 Balance at June 30, 2018 $ 1,001,318 (A) Represents draws on consumer loans with revolving privileges.
Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses	Activities related to the valuation and loss provision on reverse mortgage loans and allowance for loan losses on performing loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 196 Provision for loan losses (A) 458 Charge-offs (B) (654 ) Balance at June 30, 2018 $ — (A) Based on an analysis of collective borrower performance, credit ratings of borrowers, loan-to-value ratios, estimated value of the underlying collateral, key terms of the loans and historical and anticipated trends in defaults and loss severities at a pool level. (B) Loans, other than PCD loans, are generally charged off or charged down to the net realizable value of the collateral (i.e., fair value less costs to sell), with an offset to the allowance for loan losses, when available information confirms that loans are uncollectible. Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2017 $ 4,429 $ 1,676 $ 6,105 Provision (reversal) for loan losses 26,907 (152 ) 26,755 Net charge-offs (C) (27,198 ) — (27,198 ) Balance at June 30, 2018 $ 4,138 $ 1,524 $ 5,662 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of June 30, 2018 , there are $12.5 million in UPB and $11.3 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $4.6 million in recoveries of previously charged-off UPB.
Schedule of Carrying Value of Purchased Credit Deteriorated Loans	Activities related to the carrying value of PCD consumer loans, held-for-investment were as follows: Balance at December 31, 2017 $ 236,449 (Allowance) reversal for loan losses (A) — Proceeds from repayments (43,515 ) Accretion of loan discount and other amortization 18,665 Balance at June 30, 2018 $ 211,599 (A) An allowance represents the present value of cash flows expected at acquisition that are no longer expected to be collected. A reversal results from an increase to expected cash flows that reverses a prior allowance.
Impaired Financing Receivables	The following is the unpaid principal balance and carrying value for consumer loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value June 30, 2018 $ 253,430 $ 211,599 December 31, 2017 282,540 236,449
Schedule of Changes in Accretable Yield	The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 132,291 Accretion (18,665 ) Reclassifications from (to) non-accretable difference (A) 22,584 Balance at June 30, 2018 $ 136,210 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible.
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	Others’ interests in the equity of the Consumer Loan Companies is computed as follows: June 30, 2018 December 31, 2017 Total Consumer Loan Companies equity $ 68,474 $ 74,071 Others’ ownership interest 46.5 % 46.5 % Others’ interests in equity of consolidated subsidiary $ 31,845 $ 34,466 Others’ interests in the Consumer Loan Companies’ net income (loss) is computed as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Net Consumer Loan Companies income (loss) $ 21,552 $ 26,545 $ 40,321 $ 47,965 Others’ ownership interest as a percent of total 46.5 % 46.5 % 46.5 % 46.5 % Others’ interest in net income (loss) of consolidated subsidiaries $ 10,022 $ 12,343 $ 18,750 $ 22,303
Schedule of Assets and Liabilities Related to Consolidated Variable Interest Entities	As described in “Call Rights” above, New Residential has issued securitizations which were treated as sales under GAAP. New Residential has no obligation to repurchase any loans from these securitizations and its exposure to loss is limited to the carrying amount of its retained interests in the securitization entities. These securitizations are conducted through variable interest entities, of which New Residential is not the primary beneficiary. The following table summarizes certain characteristics of the underlying residential mortgage loans, and related financing, in these securitizations as of June 30, 2018 : Residential mortgage loan UPB $ 5,651,753 Weighted average delinquency (A) 2.22 % Net credit losses for the six months ended June 30, 2018 $ 3,779 Face amount of debt held by third parties (B) $ 5,190,472 Carrying value of bonds retained by New Residential (C) $ 619,922 Cash flows received by New Residential on these bonds for the six months ended June 30, 2018 $ 65,207 (A) Represents the percentage of the UPB that is 60 + days delinquent. (B) Excludes bonds retained by New Residential. (C) Includes bonds retained pursuant to required risk retention regulations. The following table presents information on the combined assets and liabilities related to these consolidated VIEs. As of June 30, 2018 December 31, 2017 Assets Consumer loans, held-for-investment $ 1,158,191 $ 1,289,010 Restricted cash 10,786 11,563 Accrued interest receivable 17,300 19,360 Total assets (A) $ 1,186,277 $ 1,319,933 Liabilities Notes and bonds payable (B) $ 1,154,564 $ 1,284,436 Accounts payable and accrued expenses 3,958 4,007 Total liabilities (A) $ 1,158,522 $ 1,288,443 (A) The creditors of the Consumer Loan SPVs do not have recourse to the general credit of New Residential, and the assets of the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. (B) Includes $121.0 million face amount of bonds retained by New Residential issued by these VIEs.
Equity Method Investments	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential: June 30, 2018 December 31, 2017 Excess MSR assets $ 297,022 $ 321,197 Other assets 21,732 22,333 Other liabilities (687 ) — Equity $ 318,067 $ 343,530 New Residential’s investment $ 159,034 $ 171,765 New Residential’s ownership 50.0 % 50.0 % Three Months Ended Six Months Ended 2018 2017 2018 2017 Interest income $ 6,864 $ 8,931 $ 12,091 $ 13,114 Other income (loss) (3,453 ) (420 ) (7,635 ) (5,065 ) Expenses — (19 ) — (45 ) Net income (loss) $ 3,411 $ 8,492 $ 4,456 $ 8,004 New Residential’s investments in equity method investees changed during the six months ended June 30, 2018 as follows: Balance at December 31, 2017 $ 171,765 Contributions to equity method investees — Distributions of earnings from equity method investees (6,530 ) Distributions of capital from equity method investees (8,429 ) Change in fair value of investments in equity method investees 2,228 Balance at June 30, 2018 $ 159,034 The following tables summarize the investment in LoanCo and WarrantCo held by New Residential: June 30, 2018 (A) December 31, 2017 Consumer loans, at fair value $ 242,082 $ 178,422 Warrants, at fair value 94,874 80,746 Other assets 53,242 46,342 Warehouse financing (177,930 ) (117,944 ) Other liabilities (5,885 ) (13,059 ) Equity $ 206,383 $ 174,507 Undistributed retained earnings $ — $ — New Residential’s investment $ 50,241 $ 42,473 New Residential’s ownership 24.3 % 24.3 % Three Months Ended Six Months Ended 2018 (B) 2017 (B) 2018 (B) 2017 (B) Interest income $ 8,727 $ 12,829 $ 21,519 $ 12,829 Interest expense (2,350 ) (3,133 ) (5,718 ) (3,133 ) Change in fair value of consumer loans and warrants 5,522 3,555 19,074 3,555 Gain on sale of consumer loans 1,553 11,850 1,133 11,850 Other expenses (1,390 ) (1,580 ) (4,597 ) (1,580 ) Net income $ 12,062 $ 23,521 $ 31,411 $ 23,521 New Residential’s equity in net income $ 2,982 $ 5,880 $ 7,788 $ 5,880 New Residential’s ownership 24.7 % 24.9 % 24.8 % 24.9 % (A) Data as of May 31, 2018 as a result of the one month reporting lag. (B) Data for the periods ended May 31, 2018 and 2017 , respectively, as a result of the one month reporting lag. The following is a summary of LoanCo’s consumer loan investments: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) June 30, 2018 (C) $ 242,082 25.0 % $ 242,082 14.6 % 1.4 0.6 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of May 31, 2018 as a result of the one month reporting lag. New Residential’s investment in LoanCo and WarrantCo changed as follows: Balance at December 31, 2017 $ 51,412 Contributions to equity method investees 205,641 Distributions of earnings from equity method investees (3,263 ) Distributions of capital from equity method investees (203,758 ) Earnings from investments in consumer loans, equity method investees 7,788 Balance at June 30, 2018 $ 57,820

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives	New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows: Balance Sheet Location June 30, 2018 December 31, 2017 Derivative assets Interest Rate Caps Other assets $ 10 $ 2,423 $ 10 $ 2,423 Derivative liabilities Interest Rate Swaps (A) Accrued expenses and other liabilities $ 111 $ — TBAs Accrued expenses and other liabilities 7,700 697 $ 7,811 $ 697 (A) Net of less than $1.9 million of related variation margin accounts as of June 30, 2018 . As of December 31, 2017 , no variation margin accounts existed. The following table summarizes notional amounts related to derivatives: June 30, 2018 December 31, 2017 TBAs, short position (A) $ 2,217,500 $ 3,101,100 TBAs, long position (A) 1,110,400 1,014,000 Interest Rate Caps (B) 162,500 772,500 Interest Rate Swaps (C) 4,200,000 — (A) Represents the notional amount of Agency RMBS, classified as derivatives. (B) As of June 30, 2018 , caps LIBOR at 4.00% for $12.5 million of notional, and at 4.00% for $150.0 million of notional. The weighted average maturity of the interest rate caps as of June 30, 2018 was 7 months. (C) Receive LIBOR and pay a fixed rate. The weighted average maturity of the interest rate swaps as of June 30, 2018 was 36 months and the weighted average fixed pay rate was 2.85% . The following table summarizes all income (losses) recorded in relation to derivatives: For the For the 2018 2017 2018 2017 Other income (loss), net (A) TBAs $ 371 $ 1,414 $ 2,365 $ 1,537 Interest Rate Caps (48 ) (843 ) 438 (270 ) Interest Rate Swaps 917 (8,581 ) 883 (4,951 ) 1,240 (8,010 ) 3,686 (3,684 ) Gain (loss) on settlement of investments, net TBAs 3,857 (22,609 ) 19,293 (29,410 ) Interest Rate Caps 130 — (603 ) (562 ) Interest Rate Swaps 15,283 (5,125 ) 37,943 (9,598 ) 19,270 (27,734 ) 56,633 (39,570 ) Total income (losses) $ 20,510 $ (35,744 ) $ 60,319 $ (43,254 ) (A) Represents unrealized gains (losses).

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The following table presents certain information regarding New Residential’s debt obligations: June 30, 2018 December 31, 2017 Collateral Debt Obligations/Collateral Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Repurchase Agreements (C) Agency RMBS (D) $ 1,122,411 $ 1,122,411 Jul-18 2.18 % 0.1 $ 1,190,879 $ 1,182,808 $ 1,174,578 0.4 $ 1,974,164 Non-Agency RMBS (E) 5,405,096 5,405,096 Jul-18 to Sep-18 3.39 % 0.1 13,216,453 6,096,983 6,565,322 7.3 4,720,290 Residential Mortgage Loans (F) 2,126,086 2,125,071 Jul-18 to Dec-19 4.09 % 0.5 2,676,421 2,459,100 2,434,254 4.5 1,849,004 Real Estate Owned (G)(H) 104,606 104,556 Jul-18 to Dec-19 4.16 % 0.2 N/A N/A 133,504 N/A 118,681 Total Repurchase Agreements 8,758,199 8,757,134 3.42 % 0.2 8,662,139 Notes and Bonds Payable Excess MSRs (I) 197,759 197,563 Feb-20 to Jul-22 4.97 % 4.1 150,771,743 408,244 522,540 5.7 483,978 MSRs (J) 1,896,688 1,888,618 Feb-19 to May-23 4.14 % 3.3 340,548,316 3,191,130 4,001,757 6.5 1,157,179 Servicer Advances (K) 3,539,105 3,532,641 Mar-19 to Dec-21 3.48 % 2.2 3,946,804 4,028,735 4,050,884 1.4 4,060,156 Residential Mortgage Loans (L) 6,110 6,110 Oct-18 4.33 % 0.3 8,323 4,706 4,706 6.2 137,196 Consumer Loans (M) 1,085,465 1,081,193 Dec-21 to Mar-24 3.38 % 3.0 1,216,194 1,218,423 1,212,761 3.5 1,242,756 Receivable from government agency (L) 1,651 1,651 Oct-18 4.30 % 0.3 N/A N/A 1,156 N/A 3,126 Total Notes and Bonds Payable 6,726,778 6,707,776 3.69 % 2.7 7,084,391 Total/ Weighted Average $ 15,484,977 $ 15,464,910 3.54 % 1.3 $ 15,746,530 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through July 30, 2018 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $22.1 million of associated accrued interest payable as of June 30, 2018 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.1 billion of related trade and other receivables. (E) All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $162.2 million on retained servicer advance and consumer loan bonds. (F) All of these repurchase agreements have LIBOR-based floating interest rates. (G) All of these repurchase agreements have LIBOR-based floating interest rates. (H) Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (I) Includes $197.8 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.00% , and includes corporate loans with no balance currently outstanding which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.50% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the interests in MSRs that secure these notes. (J) Includes: $205.0 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.25% ; $230.0 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.00% ; $73.4 million of MSR notes which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 2.50% ; and $1,388.2 million of public notes with fixed interest rates ranging from 3.55% to 4.45% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and mortgage servicing rights financing receivables that secure these notes. (K) $3.3 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 2.0% to 2.2% . Collateral includes Servicer Advance Investments, as well as servicer advances receivable related to the mortgage servicing rights and mortgage servicing rights financing receivables owned by NRM. (L) Represents: (i) a $7.8 million note payable to Nationstar that bears interest equal to one-month LIBOR plus 2.88% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $796.4 million UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024. Also includes a $41.7 million face amount note which bears interest equal to 4.00% . Activities related to the carrying value of New Residential’s debt obligations were as follows: Excess MSRs MSRs Servicer Advances (A) Real Estate Securities Residential Mortgage Loans and REO Consumer Loans Total Balance at December 31, 2017 $ 483,978 $ 1,157,179 $ 4,060,156 $ 6,694,454 $ 2,108,007 $ 1,242,756 $ 15,746,530 Repurchase Agreements: Borrowings — — — 32,519,734 1,022,326 — 33,542,060 Repayments — — — (32,686,681 ) (760,928 ) — (33,447,609 ) Capitalized deferred financing costs, net of amortization — — — — 544 — 544 Notes and Bonds Payable: Borrowings — 2,088,834 2,594,269 — — — 4,683,103 Repayments (286,440 ) (1,350,230 ) (3,121,736 ) — (132,561 ) (162,585 ) (5,053,552 ) Discount on borrowings, net of amortization — — 21 — — 742 763 Capitalized deferred financing costs, net of amortization 25 (7,165 ) (68 ) — — 280 (6,928 ) Balance at June 30, 2018 $ 197,563 $ 1,888,618 $ 3,532,641 $ 6,527,507 $ 2,237,388 $ 1,081,193 $ 15,464,910 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances.
Schedule of Contractual Maturities of Debt Obligations	New Residential’s debt obligations as of June 30, 2018 had contractual maturities as follows: Year Nonrecourse Recourse Total July 1 through December 31, 2018 $ — $ 8,252,495 $ 8,252,495 2019 931,902 718,465 1,650,367 2020 824,179 — 824,179 2021 1,824,701 833,977 2,658,678 2022 73,442 427,778 501,220 2023 and thereafter 1,043,790 554,248 1,598,038 $ 4,698,014 $ 10,786,963 $ 15,484,977
Schedule of Borrowing Capacity	The following table represents New Residential’s borrowing capacity as of June 30, 2018 : Debt Obligations / Collateral Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential mortgage loans and REO $ 3,541,961 $ 2,230,692 $ 1,311,269 Notes and Bonds Payable Excess MSRs 150,000 — 150,000 MSRs 975,000 278,442 696,558 Servicer advances (A) 1,745,000 1,275,406 469,594 Consumer loans 150,000 41,676 108,324 $ 6,561,961 $ 3,826,216 $ 2,735,745 (A) New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.1% fee on the unused borrowing capacity. Excludes borrowing capacity and outstanding debt for retained Non-Agency bonds collateralized by servicer advances with a current face amount of $86.3 million .

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis	The carrying values and fair values of New Residential’s assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of June 30, 2018 were as follows: Fair Value Principal Balance or Notional Amount Carrying Value Level 1 Level 2 Level 3 Total Assets Investments in: Excess mortgage servicing rights, at fair value (A) $ 119,341,195 $ 495,299 $ — $ — $ 495,299 $ 495,299 Excess mortgage servicing rights, equity method investees, at fair value (A) 47,430,395 159,034 — — 159,034 159,034 Mortgage servicing rights, at fair value (A) 200,050,016 2,232,126 — — 2,232,126 2,232,126 Mortgage servicing rights financing receivables, at fair value 151,659,091 1,904,919 — — — 1,904,919 1,904,919 Servicer advance investments, at fair value 692,323 843,438 — — 843,438 843,438 Real estate and other securities, available-for-sale 16,753,696 8,084,927 — 1,231,519 6,853,408 8,084,927 Residential mortgage loans, held-for-investment 808,845 690,771 — — 701,529 701,529 Residential mortgage loans, held-for-sale 2,170,968 2,021,319 — — 2,070,675 2,070,675 Consumer loans, held-for-investment 1,216,350 1,212,917 — — 1,204,850 1,204,850 Derivative assets 162,500 10 — 10 — 10 Cash and cash equivalents 193,236 193,236 193,236 — — 193,236 Restricted cash 161,441 161,441 161,441 — — 161,441 Other assets 36,819 24,059 — 12,760 36,819 $ 18,036,256 $ 378,736 $ 1,231,529 $ 16,478,038 $ 18,088,303 Liabilities Repurchase agreements $ 8,758,199 $ 8,757,134 $ — $ 8,758,199 $ — $ 8,758,199 Notes and bonds payable 6,726,778 6,707,776 — — 6,688,414 6,688,414 Derivative liabilities 7,527,900 7,811 — 7,811 — 7,811 $ 15,472,721 $ — $ 8,766,010 $ 6,688,414 $ 15,454,424 (A) The notional amount represents the total unpaid principal balance of the residential mortgage loans underlying the MSRs, MSR financing receivables and Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs	New Residential’s assets measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) MSRs (A) Mortgage Servicing Rights Financing Receivable (A) Servicer Advance Investments Non-Agency RMBS Agency Non-Agency Total Balance at December 31, 2017 $ 324,636 $ 849,077 $ 171,765 $ 1,735,504 $ 598,728 $ 4,027,379 $ 5,974,789 $ 13,681,878 Transfers (C) Transfers from Level 3 — — — — — — — — Transfers to Level 3 — — — — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (D) — — — — — — (14,224 ) (14,224 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (7,617 ) (43,350 ) — — — — — (50,967 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — 2,228 — — — — 2,228 Included in servicing revenue, net (E) — — — 61,859 — — — 61,859 Included in change in fair value of investments in mortgage servicing rights financing receivables (D) — — — — 151,973 — — 151,973 Included in change in fair value of servicer advance investments — — — — (81,228 ) — (81,228 ) Included in gain (loss) on settlement of investments, net — 40,417 — — — 72,585 (644 ) 112,358 Included in other income (loss), net (D) 3,288 172 — — — — 4,804 8,264 Gains (losses) included in other comprehensive income (F) — — — — — — 85,132 85,132 Interest income 10,415 10,328 — — — 31,381 158,348 210,472 Purchases, sales and repayments Purchases — — — 434,763 138,993 1,340,237 1,184,917 3,098,910 Proceeds from sales — — — — (2,768 ) — (66,198 ) (68,966 ) Proceeds from repayments (31,151 ) (22,349 ) (14,959 ) — — (1,344,078 ) (473,516 ) (1,886,053 ) New Ocwen Agreements (Note 5) — (638,567 ) — — 1,017,993 (3,202,838 ) — (2,823,412 ) Balance at June 30, 2018 $ 299,571 $ 195,728 $ 159,034 $ 2,232,126 $ 1,904,919 $ 843,438 $ 6,853,408 $ 12,488,224 (A) Includes the recapture agreement for each respective pool, as applicable. (B) Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest. (C) Transfers are assumed to occur at the beginning of the respective period. (D) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
Summary of Measurement Inputs and Valuation Techniques	The following table summarizes certain information regarding the weighted average inputs used as of June 30, 2018 : Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 9.5 % 2.9 % 30.5 % 21 22 Recaptured Pools 7.8 % 4.4 % 26.7 % 22 24 Recapture Agreement 7.3 % 4.4 % 26.4 % 21 — 8.8 % 3.4 % 29.1 % 21 23 Non-Agency (G) Nationstar and SLS Serviced: Original Pools 11.6 % N/A 15.3 % 15 24 Recaptured Pools 6.7 % N/A 19.8 % 22 24 Recapture Agreement 6.7 % N/A 19.7 % 20 — 10.7 % N/A 16.1 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.6 % 3.4 % 24.0 % 19 23 Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 10.8 % 4.8 % 32.4 % 19 21 Recaptured Pools 7.9 % 4.6 % 29.3 % 23 24 Recapture Agreement 7.9 % 4.6 % 29.2 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.3 % 4.7 % 30.8 % 21 22 Total/Weighted Average--Excess MSRs All Pools 9.5 % 3.9 % 26.6 % 20 23 MSRs Agency Mortgage Servicing Rights (H) 9.3 % 1.3 % 23.8 % 27 22 Mortgage Servicing Rights Financing Receivables 9.2 % 1.2 % 13.9 % 27 20 Non-Agency Mortgage Servicing Rights Financing Receivables 9.5 % 15.0 % 5.0 % 45 26 Ginnie Mae Mortgage Servicing Rights Financing Receivables 11.9 % 5.2 % 30.8 % 27 28 (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). A weighted average cost of subservicing of $7.43 per loan per month was used to value the agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $11.84 per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $9.63 per loan per month was used to value the Ginnie Mae MSRs, including MSR Financing Receivables. (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used. (H) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 5,496,584 2.66% to 30.00% 0.25% to 20.00% 0.15% to 9.00% 5.0% to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding balance.
Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances	The following table summarizes certain information regarding the inputs used in valuing the Servicer Advance Investments, including the basic fee component of the related MSRs: Significant Inputs Weighted Average Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans Prepayment Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Rate Collateral Weighted Average Maturity (Years) (C) June 30, 2018 1.5 % 12.0 % 18.4 % 19.5 bps 5.8 % 23.2 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 9.2 bps which represents the amount New Residential paid its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool.
Schedule of Securities Valuation Methodology and Results	As of June 30, 2018 , New Residential’s securities valuation methodology and results are further detailed as follows: Fair Value Asset Type Outstanding Face Amount Amortized Cost Basis Multiple Quotes (A) Single Quote (B) Total Level Agency RMBS $ 1,205,334 $ 1,231,112 $ 1,231,519 $ — $ 1,231,519 2 Non-Agency RMBS (C) 15,548,362 6,388,332 6,847,374 6,034 6,853,408 3 Total $ 16,753,696 $ 7,619,444 $ 8,078,893 $ 6,034 $ 8,084,927 (A) New Residential generally obtained pricing service quotations or broker quotations from two sources, one of which was generally the seller (the party that sold New Residential the security) for Non-Agency RMBS. New Residential evaluates quotes received and determines one as being most representative of fair value, and does not use an average of the quotes. Even if New Residential receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because it believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases, for non-agency RMBS, there is a wide disparity between the quotes New Residential receives. New Residential believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on New Residential’s own fair value analysis, it selects one of the quotes which is believed to more accurately reflect fair value. New Residential has not adjusted any of the quotes received in the periods presented. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to actually purchase the security at the quoted price. New Residential’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable. The third-party pricing services and brokers engaged by New Residential (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of RMBS. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. New Residential has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, New Residential creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by New Residential, and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance. For 80.2% of New Residential’s Non-Agency RMBS, the ranges of assumptions used by New Residential’s valuation providers are summarized in the table below. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 5,496,584 2.66% to 30.00% 0.25% to 20.00% 0.15% to 9.00% 5.0% to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding balance. (B) New Residential was unable to obtain quotations from more than one source on these securities. For approximately $6.0 million , the one source was the party that sold New Residential the security. (C) Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
Schedule of Inputs Used in Valuing Residential Mortgage Loans	The following table summarizes the inputs used in valuing these residential mortgage loans as of June 30, 2018 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Performing Loans $ 225,840 4.6 % 5.1 7.9 % 3.9 % 32.7 % Non-Performing Loans 45,291 6.6 % 3.2 3.0 % 2.9 % 30.0 % Total/Weighted Average $ 271,131 4.9 % 4.8 7.1 % 3.7 % 32.2 % (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance. (C) Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
Equity and Earnings Per Share [Abstract]
Summary of Outstanding Options	As of June 30, 2018 , New Residential’s outstanding options were summarized as follows: Held by the Manager 4,037,056 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 1,530,916 Issued to the independent directors 6,000 Total 5,573,972 The following table summarizes New Residential’s outstanding options as of June 30, 2018 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended June 30, 2018 was $17.49 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of June 30, 2018 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) Directors Various 6,000 6,000 $ 13.49 $ — Manager (C) 2016 533,334 — — — Manager (C) 2017 2,638,804 — — — Manager (C) 2018 2,395,834 — — — Outstanding 5,573,972 6,000 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise prices are subject to adjustment in connection with return of capital dividends. A portion of New Residential’s 2017 dividends was deemed to be a return of capital and the exercise prices were adjusted accordingly. (C) The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant to Manager Range of Exercise Prices Total Unexercised Inception to Date 2016 $13.70 400,000 2017 $14.50 1,130,916 Total 1,530,916 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2017 outstanding options 18,502,188 Options granted 2,875,000 $ 17.10 Options exercised (15,803,216 ) $ 14.30 Options expired unexercised — June 30, 2018 outstanding options 5,573,972 See table above

TRANSACTIONS WITH AFFILIATES 39

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Transactions With Affiliates And Affiliated Entities
Schedule of Affiliate Transactions	Due to affiliates is comprised of the following amounts: June 30, 2018 December 31, 2017 Management fees $ 5,156 $ 4,734 Incentive compensation 41,321 81,373 Expense reimbursements and other 2,171 2,854 Total $ 48,648 $ 88,961 Affiliate expenses and fees were comprised of: Three Months Ended Six Months Ended 2018 2017 2018 2017 Management fees $ 15,453 $ 14,186 $ 30,563 $ 27,260 Incentive compensation 26,732 40,172 41,321 52,632 Expense reimbursements (A) 125 125 250 250 Total $ 42,310 $ 54,483 $ 72,134 $ 80,142 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

RECLASSIFICATION FROM ACCUMUL40

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Summary of Amounts Reclassified out of Accumulated Other Comprehensive Income into Net Income	The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income: Three Months Ended Six Months Ended Accumulated Other Comprehensive Income Components Statement of Income Location 2018 2017 2018 2017 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ 8,731 $ (21,257 ) $ 37,958 $ (22,250 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 12,631 5,115 19,301 7,227 Total reclassifications $ 21,362 $ (16,142 ) $ 57,259 $ (15,023 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Three Months Ended Six Months Ended 2018 2017 2018 2017 Current: Federal $ (1,100 ) $ 503 $ 608 $ 2,611 State and Local 251 153 687 223 Total Current Income Tax Expense (Benefit) (849 ) 656 1,295 2,834 Deferred: Federal (2,955 ) 73,330 (11,628 ) 76,076 State and Local 1,196 8,858 813 9,530 Total Deferred Income Tax Expense (Benefit) (1,759 ) 82,188 (10,815 ) 85,606 Total Income Tax Expense (Benefit) $ (2,608 ) $ 82,844 $ (9,520 ) $ 88,440

ORGANIZATION AND BASIS OF PRE42

ORGANIZATION AND BASIS OF PRESENTATION (Details) - shares	Jun. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	339,862,769	307,361,309
Number of options (in shares)	5,573,972
Fortress-managed funds
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	500,000
Number of options (in shares)	4,037,056
Nationstar Mortgage LLC | FIG LLC
Related Party Transaction [Line Items]
Interest in Consumer Loans	40.50%

OTHER INCOME, ASSETS AND LIAB43

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Gain (Loss) on Settlement of Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Gain on Settlement of Investments, Net
Gain (loss) on sale of real estate securities, net	$ (8,731)	$ 21,257	$ (37,958)	$ 22,250
Gain (loss) on sale of residential mortgage loans, net	9,228	26,373	(5,423)	28,938
Gain (loss) on settlement of derivatives	19,270	(27,734)	56,633	(39,570)
Gain (loss) on liquidated residential mortgage loans	(769)	(3,628)	(1,154)	(5,844)
Gain (loss) on sale of REO	(4,343)	(2,702)	(7,143)	(5,312)
Gains reclassified from change in fair value of investments in excess MSRs and servicer advance investments	0	0	113,002	0
Other gains (losses)	0	(195)	0	(765)
Gain (loss) on settlement of investments, net	$ 14,655	$ 13,371	$ 117,957	$ (303)

OTHER INCOME, ASSETS AND LIAB44

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other income (loss), net
Unrealized gain (loss) on derivative instruments	$ 1,240	$ (8,010)	$ 3,686	$ (3,684)
Unrealized gain (loss) on other ABS	5,117	(607)	4,804	151
Gain (loss) on transfer of loans to REO	6,320	4,978	10,490	11,612
Gain (loss) on transfer of loans to other assets	(175)	81	(120)	293
Gain (loss) on Excess MSRs	1,365	715	4,270	1,342
Gain (loss) on Ocwen common stock	(972)	0	4,800	0
Other income (loss)	(2,918)	(6,192)	(7,969)	(11,905)
Total other income (loss), net	$ 9,977	$ (9,035)	$ 19,961	$ (2,191)

OTHER INCOME, ASSETS AND LIAB45

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Other Assets
Margin receivable, net	$ 119,211	$ 53,150
Other receivables	66,167	10,635
Principal and interest receivable	53,576	48,373
Receivable from government agency	25,020	41,429
Call rights	327	327
Derivative assets	10	2,423
Servicing fee receivables	74,095	60,520
Ginnie Mae EBO servicer advances receivable, net	2,269	8,916
Due from servicers	58,181	38,601
Ocwen common stock, at fair value	24,059	19,259
Prepaid expenses	9,479	7,308
Other assets	36,402	21,240
Prepaid expense and other assets	468,796	312,181
Accrued Expenses and Other Liabilities
Interest payable	33,260	28,821
Accounts payable	45,030	73,017
Derivative liabilities	7,811	697
Current taxes payable	0	0
Due to servicers	76,749	24,571
MSR purchase price holdback	100,080	101,290
Other liabilities	21,120	10,718
Accrued Expenses and Other Liabilities	$ 284,050	$ 239,114

OTHER INCOME, ASSETS AND LIAB46

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Accretion and Other Amortization (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Accretion and other amortization:
Accretion of servicer advances receivable discount and servicer advance investments	$ 146,024	$ 316,512
Accretion of excess mortgage servicing rights income	20,743	49,546
Accretion of net discount on securities and loans	197,331	187,039
Amortization of deferred financing costs	(3,963)	(6,800)
Amortization of discount on notes and bonds payable	(1,030)	(911)
Accretion of loan discount and premium amortization, net	$ 359,105	$ 545,386

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Interest income	$ 403,805	$ 471,952	$ 787,378	$ 764,490
Interest expense	133,916	115,157	258,303	213,386
Net interest income (expense)	269,889	356,795	529,075	551,104
Impairment	16,289	25,886	41,966	45,908
Servicing revenue, net	146,193	170,851	363,429	211,453
Other income (loss)	(96,812)	57,847	167,712	54,153
Operating expenses	119,753	139,360	227,570	207,801
Income (Loss) Before Income Taxes	183,228	420,247	790,680	563,001
Income tax expense (benefit)	(2,608)	82,844	(9,520)	88,440
Net Income (Loss)	185,836	337,403	800,200	474,561
Noncontrolling interests in income (loss) of consolidated subsidiaries	11,078	15,671	21,189	31,451
Net income (loss) attributable to common stockholders	174,758	321,732	779,011	443,110
Investments	17,828,271		17,828,271
Cash and cash equivalents	193,236		193,236
Restricted cash	161,441		161,441		$ 150,252
Other assets	4,760,783		4,760,783
Total assets	22,943,731		22,943,731		22,213,562
Debt	15,464,910		15,464,910		15,746,530
Other liabilities	1,679,897		1,679,897
Total liabilities	17,144,807		17,144,807		17,417,400
Total equity	5,798,924	4,618,958	5,798,924	4,618,958	4,796,162	$ 3,468,177
Noncontrolling interests in equity of consolidated subsidiaries	90,131		90,131		105,957
Total New Residential stockholders’ equity	5,708,793		5,708,793		$ 4,690,205
Investments in equity method investees	216,854		216,854
Excess MSRs
Segment Reporting Information [Line Items]
Interest income	11,384	18,128	20,743	49,546
Interest expense	2,470	9,005	6,959	19,077
Net interest income (expense)	8,914	9,123	13,784	30,469
Impairment	0	0	0	0
Servicing revenue, net	0	0	0	0
Other income (loss)	(2,973)	(14,219)	(4,862)	(13,015)
Operating expenses	14	112	75	198
Income (Loss) Before Income Taxes	5,927	(5,208)	8,847	17,256
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	5,927	(5,208)	8,847	17,256
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0	0	0
Net income (loss) attributable to common stockholders	5,927	(5,208)	8,847	17,256
Investments	654,333		654,333
Cash and cash equivalents	489		489
Restricted cash	3,718		3,718
Other assets	3,617		3,617
Total assets	662,157		662,157
Debt	197,563		197,563
Other liabilities	1,140		1,140
Total liabilities	198,703		198,703
Total equity	463,454		463,454
Noncontrolling interests in equity of consolidated subsidiaries	0		0
Total New Residential stockholders’ equity	463,454		463,454
Investments in equity method investees	159,034		159,034
MSRs
Segment Reporting Information [Line Items]
Interest income	167,754	2,535	334,272	2,560
Interest expense	46,834	10,600	90,945	11,587
Net interest income (expense)	120,920	(8,065)	243,327	(9,027)
Impairment	0	0	0	0
Servicing revenue, net	146,193	170,851	363,429	211,453
Other income (loss)	(118,334)	5,596	153,443	5,809
Operating expenses	50,111	59,318	102,389	79,041
Income (Loss) Before Income Taxes	98,668	109,064	657,810	129,194
Income tax expense (benefit)	0	(10,666)	(6,729)	(11,945)
Net Income (Loss)	98,668	119,730	664,539	141,139
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0	0	0
Net income (loss) attributable to common stockholders	98,668	119,730	664,539	141,139
Investments	4,137,045		4,137,045
Cash and cash equivalents	120,857		120,857
Restricted cash	104,677		104,677
Other assets	3,306,219		3,306,219
Total assets	7,668,798		7,668,798
Debt	4,845,717		4,845,717
Other liabilities	208,277		208,277
Total liabilities	5,053,994		5,053,994
Total equity	2,614,804		2,614,804
Noncontrolling interests in equity of consolidated subsidiaries	0		0
Total New Residential stockholders’ equity	2,614,804		2,614,804
Investments in equity method investees	0		0
Servicer Advances
Segment Reporting Information [Line Items]
Interest income	12,494	244,308	31,385	321,012
Interest expense	6,431	40,720	12,861	84,596
Net interest income (expense)	6,063	203,588	18,524	236,416
Impairment	0	0	0	0
Servicing revenue, net	0	0	0	0
Other income (loss)	(1,633)	54,774	(8,210)	56,575
Operating expenses	267	605	411	1,429
Income (Loss) Before Income Taxes	4,163	257,757	9,903	291,562
Income tax expense (benefit)	203	88,547	(224)	97,739
Net Income (Loss)	3,960	169,210	10,127	193,823
Noncontrolling interests in income (loss) of consolidated subsidiaries	1,056	3,328	2,439	9,148
Net income (loss) attributable to common stockholders	2,904	165,882	7,688	184,675
Investments	843,438		843,438
Cash and cash equivalents	32,154		32,154
Restricted cash	9,441		9,441
Other assets	3,749		3,749
Total assets	888,782		888,782
Debt	639,252		639,252
Other liabilities	(14,004)		(14,004)
Total liabilities	625,248		625,248
Total equity	263,534		263,534
Noncontrolling interests in equity of consolidated subsidiaries	58,286		58,286
Total New Residential stockholders’ equity	205,248		205,248
Investments in equity method investees	0		0
Real Estate Securities
Segment Reporting Information [Line Items]
Interest income	115,592	113,475	216,725	207,283
Interest expense	48,548	29,571	90,078	50,452
Net interest income (expense)	67,044	83,904	126,647	156,831
Impairment	12,631	5,115	19,301	7,227
Servicing revenue, net	0	0	0	0
Other income (loss)	16,783	(15,374)	27,352	(20,970)
Operating expenses	643	297	940	628
Income (Loss) Before Income Taxes	70,553	63,118	133,758	128,006
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	70,553	63,118	133,758	128,006
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0	0	0
Net income (loss) attributable to common stockholders	70,553	63,118	133,758	128,006
Investments	8,084,927		8,084,927
Cash and cash equivalents	4,885		4,885
Restricted cash	0		0
Other assets	1,211,807		1,211,807
Total assets	9,301,619		9,301,619
Debt	6,365,317		6,365,317
Other liabilities	1,195,845		1,195,845
Total liabilities	7,561,162		7,561,162
Total equity	1,740,457		1,740,457
Noncontrolling interests in equity of consolidated subsidiaries	0		0
Total New Residential stockholders’ equity	1,740,457		1,740,457
Investments in equity method investees	0		0
Residential Mortgage Loans
Segment Reporting Information [Line Items]
Interest income	40,685	25,638	75,077	43,631
Interest expense	18,614	11,628	34,925	19,168
Net interest income (expense)	22,071	14,010	40,152	24,463
Impairment	(9,430)	5,261	(4,247)	3,243
Servicing revenue, net	0	0	0	0
Other income (loss)	5,727	21,174	(14,490)	19,838
Operating expenses	10,275	8,406	19,222	14,259
Income (Loss) Before Income Taxes	26,953	21,517	10,687	26,799
Income tax expense (benefit)	(2,811)	4,793	(2,811)	2,476
Net Income (Loss)	29,764	16,724	13,498	24,323
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0	0	0
Net income (loss) attributable to common stockholders	29,764	16,724	13,498	24,323
Investments	2,837,791		2,837,791
Cash and cash equivalents	10,403		10,403
Restricted cash	0		0
Other assets	116,590		116,590
Total assets	2,964,784		2,964,784
Debt	2,237,388		2,237,388
Other liabilities	48,873		48,873
Total liabilities	2,286,261		2,286,261
Total equity	678,523		678,523
Noncontrolling interests in equity of consolidated subsidiaries	0		0
Total New Residential stockholders’ equity	678,523		678,523
Investments in equity method investees	0		0
Consumer Loans
Segment Reporting Information [Line Items]
Interest income	55,022	67,698	107,670	140,104
Interest expense	11,019	13,633	22,535	28,506
Net interest income (expense)	44,003	54,065	85,135	111,598
Impairment	13,088	15,510	26,912	35,438
Servicing revenue, net	0	0	0	0
Other income (loss)	4,478	5,896	9,568	5,916
Operating expenses	8,839	11,544	18,276	22,982
Income (Loss) Before Income Taxes	26,554	32,907	49,515	59,094
Income tax expense (benefit)	0	170	244	170
Net Income (Loss)	26,554	32,737	49,271	58,924
Noncontrolling interests in income (loss) of consolidated subsidiaries	10,022	12,343	18,750	22,303
Net income (loss) attributable to common stockholders	16,532	20,394	30,521	36,621
Investments	1,270,737		1,270,737
Cash and cash equivalents	17,283		17,283
Restricted cash	43,605		43,605
Other assets	39,167		39,167
Total assets	1,370,792		1,370,792
Debt	1,179,673		1,179,673
Other liabilities	15,199		15,199
Total liabilities	1,194,872		1,194,872
Total equity	175,920		175,920
Noncontrolling interests in equity of consolidated subsidiaries	31,845		31,845
Total New Residential stockholders’ equity	144,075		144,075
Investments in equity method investees	57,820		57,820
Corporate
Segment Reporting Information [Line Items]
Interest income	874	170	1,506	354
Interest expense	0	0	0	0
Net interest income (expense)	874	170	1,506	354
Impairment	0	0	0	0
Servicing revenue, net	0	0	0	0
Other income (loss)	(860)	0	4,911	0
Operating expenses	49,604	59,078	86,257	89,264
Income (Loss) Before Income Taxes	(49,590)	(58,908)	(79,840)	(88,910)
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	(49,590)	(58,908)	(79,840)	(88,910)
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0	0	0
Net income (loss) attributable to common stockholders	(49,590)	$ (58,908)	(79,840)	$ (88,910)
Investments	0		0
Cash and cash equivalents	7,165		7,165
Restricted cash	0		0
Other assets	79,634		79,634
Total assets	86,799		86,799
Debt	0		0
Other liabilities	224,567		224,567
Total liabilities	224,567		224,567
Total equity	(137,768)		(137,768)
Noncontrolling interests in equity of consolidated subsidiaries	0		0
Total New Residential stockholders’ equity	(137,768)		(137,768)
Investments in equity method investees	$ 0		$ 0

INVESTMENTS IN EXCESS MORTGAG48

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - Excess MSRs $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 1,173,713
Purchases	0
Interest income	20,743
Other income	3,460
Proceeds from repayments	(53,500)
Proceeds from sales	0
Change in fair value	(50,967)
New Ocwen Agreements	(598,150)
Ending balance	495,299
Nationstar
Carrying Value of Investments in Excess MSRs
Beginning balance	532,233
Purchases	0
Interest income	21,037
Other income	3,460
Proceeds from repayments	(53,161)
Proceeds from sales	0
Change in fair value	(10,681)
New Ocwen Agreements	0
Ending balance	492,888
SLS
Carrying Value of Investments in Excess MSRs
Beginning balance	2,913
Purchases	0
Interest income	(294)
Other income	0
Proceeds from repayments	(339)
Proceeds from sales	0
Change in fair value	131
New Ocwen Agreements	0
Ending balance	2,411
Ocwen
Carrying Value of Investments in Excess MSRs
Beginning balance	638,567
Purchases	0
Interest income	0
Other income	0
Proceeds from repayments	0
Proceeds from sales	0
Change in fair value	(40,417)
New Ocwen Agreements	(598,150)
Ending balance	$ 0

INVESTMENTS IN EXCESS MORTGAG49

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investment [Line Items]
Weighted Average Life (Years)			1 year 3 months 21 days
Principal investment gain (loss)	$ (5,276)	$ (19,180)	$ (50,967)	$ (18,359)
Servicer Advance Investments | Servicer Advances
Investment [Line Items]
UPB of Underlying Mortgages	44,895,549		44,895,549		$ 139,460,371
Original and Recaptured Pools
Investment [Line Items]
Principal investment gain (loss)	(2,567)	(21,736)	(45,689)	(28,984)
Recapture Agreements
Investment [Line Items]
Principal investment gain (loss)	(2,709)	$ 2,556	(5,278)	$ 10,625
Excess MSRs
Investment [Line Items]
UPB of Underlying Mortgages	119,341,194		$ 119,341,194
Weighted Average Life (Years)			6 years 1 month 6 days
Amortized Cost Basis	401,077		$ 401,077
Carrying Value	495,299		495,299		1,173,713
Excess MSRs | Nationstar
Investment [Line Items]
Carrying Value	492,888		492,888		532,233
Excess MSRs | Agency
Investment [Line Items]
UPB of Underlying Mortgages	60,151,459		$ 60,151,459
Weighted Average Life (Years)			6 years 3 months 18 days
Amortized Cost Basis	250,499		$ 250,499
Carrying Value	299,571		299,571		324,636
Excess MSRs | Agency | Original and Recaptured Pools
Investment [Line Items]
UPB of Underlying Mortgages	60,151,459		$ 60,151,459
Weighted Average Life (Years)			5 years 9 months 18 days
Amortized Cost Basis	233,707		$ 233,707
Carrying Value	$ 261,558		$ 261,558		280,033
Excess MSRs | Agency | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	32.50%		32.50%
Excess MSRs | Agency | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	66.70%		66.70%
Excess MSRs | Agency | Original and Recaptured Pools | Weighted Average
Investment [Line Items]
Interest in Excess MSR	53.30%		53.30%
Excess MSRs | Agency | Recapture Agreements
Investment [Line Items]
UPB of Underlying Mortgages	$ 0		$ 0
Weighted Average Life (Years)			13 years
Amortized Cost Basis	16,792		$ 16,792
Carrying Value	$ 38,013		$ 38,013		44,603
Excess MSRs | Agency | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	32.50%		32.50%
Excess MSRs | Agency | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	66.70%		66.70%
Excess MSRs | Agency | Recapture Agreements | Weighted Average
Investment [Line Items]
Interest in Excess MSR	53.30%		53.30%
Excess MSRs | Agency | Fortress-managed funds | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Agency | Fortress-managed funds | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	40.00%		40.00%
Excess MSRs | Agency | Fortress-managed funds | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Agency | Fortress-managed funds | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	40.00%		40.00%
Excess MSRs | Agency | Nationstar | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	20.00%		20.00%
Excess MSRs | Agency | Nationstar | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	35.00%		35.00%
Excess MSRs | Agency | Nationstar | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	20.00%		20.00%
Excess MSRs | Agency | Nationstar | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	35.00%		35.00%
Excess MSRs | Non-Agency
Investment [Line Items]
UPB of Underlying Mortgages	$ 59,189,735		$ 59,189,735
Weighted Average Life (Years)			5 years 10 months 24 days
Amortized Cost Basis	150,578		$ 150,578
Carrying Value	195,728		195,728		849,077
Excess MSRs | Non-Agency | Original and Recaptured Pools
Investment [Line Items]
UPB of Underlying Mortgages	59,189,735		$ 59,189,735
Weighted Average Life (Years)			5 years 7 months 6 days
Amortized Cost Basis	144,681		$ 144,681
Carrying Value	$ 178,345		$ 178,345		190,696
Excess MSRs | Non-Agency | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	33.30%		33.30%
Excess MSRs | Non-Agency | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	100.00%		100.00%
Excess MSRs | Non-Agency | Original and Recaptured Pools | Weighted Average
Investment [Line Items]
Interest in Excess MSR	59.40%		59.40%
Excess MSRs | Non-Agency | Recapture Agreements
Investment [Line Items]
UPB of Underlying Mortgages	$ 0		$ 0
Weighted Average Life (Years)			12 years 9 months 18 days
Amortized Cost Basis	5,897		$ 5,897
Carrying Value	$ 17,383		$ 17,383		19,814
Excess MSRs | Non-Agency | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	33.30%		33.30%
Excess MSRs | Non-Agency | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	100.00%		100.00%
Excess MSRs | Non-Agency | Recapture Agreements | Weighted Average
Investment [Line Items]
Interest in Excess MSR	59.40%		59.40%
Excess MSRs | Non-Agency | Ocwen Serviced Pools
Investment [Line Items]
UPB of Underlying Mortgages	$ 0		$ 0
Interest in Excess MSR	0.00%		0.00%
Weighted Average Life (Years)			0 years
Amortized Cost Basis	$ 0		$ 0
Carrying Value	$ 0		$ 0		$ 638,567
Excess MSRs | Non-Agency | Fortress-managed funds | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	50.00%		50.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	50.00%		50.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Ocwen Serviced Pools
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Non-Agency | Nationstar | Original and Recaptured Pools | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Non-Agency | Nationstar | Original and Recaptured Pools | Maximum
Investment [Line Items]
Interest in Excess MSR	33.30%		33.30%
Excess MSRs | Non-Agency | Nationstar | Recapture Agreements | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%
Excess MSRs | Non-Agency | Nationstar | Recapture Agreements | Maximum
Investment [Line Items]
Interest in Excess MSR	33.30%		33.30%
Excess MSRs | Non-Agency | Nationstar | Ocwen Serviced Pools
Investment [Line Items]
Interest in Excess MSR	0.00%		0.00%

INVESTMENTS IN EXCESS MORTGAG50

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Excess MSR assets	$ 297,022		$ 297,022		$ 321,197
Other assets	21,732		21,732		22,333
Other liabilities	(687)		(687)		0
Equity	318,067		318,067		343,530
New Residential’s investment	$ 159,034		$ 159,034		$ 171,765
New Residential’s ownership	50.00%		50.00%		50.00%
Interest income	$ 6,864	$ 8,931	$ 12,091	$ 13,114
Other income (loss)	(3,453)	(420)	(7,635)	(5,065)
Expenses	0	(19)	0	(45)
Net income	$ 3,411	$ 8,492	$ 4,456	$ 8,004
MSRs
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Weighted average discount rate, used to value investments in excess MSRs			8.80%

INVESTMENTS IN EXCESS MORTGAG51

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Equity Method Investees Changed - Roll Forward (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Increase (Decrease) in Equity Method Investments [Roll Forward]
Distributions of earnings from equity method investees	$ (6,530)	$ (7,433)
Recurring Basis
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance	171,765
Contributions to equity method investees	0
Distributions of earnings from equity method investees	(6,530)
Distributions of capital from equity method investees	(8,429)
Change in fair value of investments in equity method investees	2,228
Ending balance	$ 159,034

INVESTMENTS IN EXCESS MORTGAG52

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Weighted Average Life (Years)	1 year 3 months 21 days
Excess MSRs Investees
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 47,430,395
New Residential Interest in Investees	50.00%	50.00%
Amortized Cost Basis	$ 218,708
Carrying Value	$ 297,022
Weighted Average Life (Years)	6 years 3 months 14 days
Excess MSRs Investees | Agency
Schedule of Investments in Mortgage Servicing Rights [Line Items]
New Residential Interest in Investees	50.00%
Excess MSRs Investees | Agency | Original and Recaptured Pools
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 47,430,395
Investee Interest in Excess MSR	66.70%
New Residential Interest in Investees	50.00%
Amortized Cost Basis	$ 197,193
Carrying Value	$ 253,967
Weighted Average Life (Years)	5 years 7 months
Excess MSRs Investees | Agency | Recapture Agreements
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 0
Investee Interest in Excess MSR	66.70%
New Residential Interest in Investees	50.00%
Amortized Cost Basis	$ 21,515
Carrying Value	$ 43,055
Weighted Average Life (Years)	12 years 8 months 30 days

INVESTMENTS IN EXCESS MORTGAG53

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investments in Excess MSRs (Details) - Excess MSRs - Mortgage Loans	Jun. 30, 2018	Dec. 31, 2017
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100.00%	100.00%
California
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	24.80%	24.00%
Florida
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8.00%	8.70%
New York
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.50%	8.50%
Texas
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.50%	4.60%
New Jersey
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.90%	4.10%
Maryland
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.80%	3.70%
Illinois
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	3.50%
Georgia
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.50%	3.10%
Virginia
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.00%
Arizona
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.70%	2.50%
Washington
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.60%	2.40%
Pennsylvania
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.50%	2.60%
Other U.S.
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	30.30%	29.30%

INVESTMENTS IN MORTGAGE SERVI54

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Millions

Jul. 03, 2018

Jun. 04, 2018

May 31, 2018

May 25, 2018

Mar. 28, 2018

Feb. 28, 2018

Jan. 18, 2018

Jan. 16, 2018

Nov. 29, 2017

Jul. 23, 2017

Jun. 30, 2018

Jan. 01, 2018

Schedule of MSRs [Line Items]

Initial contract term (in years)

5 years

Contract extension term with thirty day notice (in months)

3 months

Ocwen

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 86,800

Payments to acquire MSRs

$ 279.6

Ocwen

Schedule of MSRs [Line Items]

Subservicer percent of UPB

27.00%

Ocwen | New Residential Mortgage LLC | MSRs

Schedule of MSRs [Line Items]

Payments to acquire MSRs

$ 334.2

UPB of underlying loans, transferred

$ 15,500

Nationstar

Schedule of MSRs [Line Items]

Subservicer percent of UPB

26.00%

Ditech Financial LLC

Schedule of MSRs [Line Items]

Subservicer percent of UPB

22.40%

Ditech Financial LLC | New Residential Mortgage LLC

Schedule of MSRs [Line Items]

Payments to acquire MSRs

$ 101.5

$ 18.2

Ditech Financial LLC | New Residential Mortgage LLC | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 11,500

$ 2,000

PHH Mortgage Corporation

Schedule of MSRs [Line Items]

Subservicer percent of UPB

13.00%

PHH Mortgage Corporation | New Residential Mortgage LLC | MSRs

Schedule of MSRs [Line Items]

UPB of underlying mortgages, amount unsettled

$ 5,300

PHH Mortgage Corporation | New Residential Mortgage LLC | Seasoned Agency Loans

Schedule of MSRs [Line Items]

Payments to acquire MSRs, amount unsettled

$ 31.4

ShellPoint

Schedule of MSRs [Line Items]

Subservicer percent of UPB

10.90%

ShellPoint | NRM Acquisition LLC | Subsequent Event

Schedule of MSRs [Line Items]

Payments to acquire businesses, gross

$ 212

ShellPoint | NRM Acquisition LLC | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 7,800

Payments to acquire MSRs

$ 81

Flagstar

Schedule of MSRs [Line Items]

Subservicer percent of UPB

0.70%

Other Seller 1 | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 3,300

Payments to acquire MSRs

$ 33.5

Other Seller 2 | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 7,900

Payments to acquire MSRs

$ 95.2

Other Seller 3 | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 2,100

Payments to acquire MSRs

$ 26.3

Other Seller 4 | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 4,700

Payments to acquire MSRs

$ 61.7

Other Seller 5 | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 2,100

Payments to acquire MSRs

$ 19.3

New Penn | MSRs

Schedule of MSRs [Line Items]

UPB of Underlying Mortgages

$ 11,400

Payments to acquire MSRs

$ 139.1

INVESTMENTS IN MORTGAGE SERVI55

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Servicing Asset at Amortized Cost [Line Items]
Less: subservicing expense	$ (45,958)	$ (55,958)	$ (92,555)	$ (73,662)
Servicing revenue, net	146,193	170,851	363,429	211,453
Change in fair value of investments in mortgage servicing rights financing receivables	(119,103)	5,596	151,973	5,596
MSRs
Servicing Asset at Amortized Cost [Line Items]
Servicing fee revenue	131,286	120,432	250,509	185,901
Ancillary and other fees	27,714	24,982	51,061	27,170
Servicing fee revenue and fees	159,000	145,414	301,570	213,071
Amortization of servicing rights	(65,439)	(64,305)	(120,566)	(90,601)
Change in valuation inputs and assumptions	52,632	89,742	182,425	88,983
Servicing revenue, net	146,193	170,851	363,429	211,453
MSRs | Mortgage Servicing Rights Financing Receivable | New Residential Mortgage LLC
Servicing Asset at Amortized Cost [Line Items]
Servicing fee revenue	192,462	2,675	394,414	2,675
Ancillary and other fees	40,360	75	70,595	75
Less: subservicing expense	(65,115)	(294)	(130,821)	(294)
Servicing fee revenue and fees	167,707	2,456	334,188	2,456
Amortization of servicing rights	(56,840)	(1,127)	(105,543)	(1,127)
Change in valuation inputs and assumptions	(62,263)	6,723	257,516	6,723
Change in fair value of investments in mortgage servicing rights financing receivables	$ (119,103)	$ 5,596	$ 151,973	$ 5,596

INVESTMENTS IN MORTGAGE SERVI56

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Rollforward of Carrying Value of Investments In MSRs (Details) - MSRs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning balance			$ 1,735,504
Purchases			434,763
Amortization of servicing rights	$ (65,439)	$ (64,305)	(120,566)	$ (90,601)
Change in valuation inputs and assumptions	52,632	$ 89,742	182,425	$ 88,983
Ending balance	$ 2,232,126		$ 2,232,126

INVESTMENTS IN MORTGAGE SERVI57

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Servicing Asset at Amortized Cost [Line Items]
Weighted Average Life (Years)	1 year 3 months 21 days
Carrying value of mortgage servicing rights financing receivable	$ 1,904,919	$ 598,728
MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 200,050,016
Weighted Average Life (Years)	6 years 4 months 18 days
Amortized Cost Basis	$ 1,790,527
Carrying Value	$ 2,232,126
Discount rate	8.60%
Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
Discount rate	10.20%
Agency | MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 199,993,032
Weighted Average Life (Years)	6 years 4 months 18 days
Amortized Cost Basis	$ 1,790,527
Carrying Value	2,232,126
Non-Agency | MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 56,984
Weighted Average Life (Years)	6 years 9 months 20 days
Amortized Cost Basis	$ 0
Carrying Value	0
MSRs
Servicing Asset at Amortized Cost [Line Items]
Carrying Value	2,232,126	$ 1,735,504
MSRs | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 151,659,091
Weighted Average Life (Years)	6 years 7 months 15 days
Amortized Cost Basis	$ 1,537,819
Carrying value of mortgage servicing rights financing receivable	1,904,919
MSRs | Agency | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 45,771,115
Weighted Average Life (Years)	5 years 11 months 2 days
Amortized Cost Basis	$ 396,305
Carrying value of mortgage servicing rights financing receivable	478,133
MSRs | Non-Agency | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 94,727,185
Weighted Average Life (Years)	6 years 9 months 20 days
Amortized Cost Basis	$ 1,004,298
Carrying value of mortgage servicing rights financing receivable	1,291,498
MSRs | Ginnie Mae | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 11,160,791
Weighted Average Life (Years)	7 years 11 months 30 days
Amortized Cost Basis	$ 137,216
Carrying value of mortgage servicing rights financing receivable	$ 135,288

INVESTMENTS IN MORTGAGE SERVI58

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Activity Related to the Carrying Value of Investments in MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning Balance			$ 598,728
Ending Balance	$ 1,904,919		1,904,919
MSRs
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Investments made			434,763
Amortization of servicing rights	(65,439)	$ (64,305)	(120,566)	$ (90,601)
Change in valuation inputs and assumptions	52,632	89,742	182,425	88,983
Mortgage Servicing Rights Financing Receivable | MSRs
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Ending Balance	1,904,919		1,904,919
Mortgage Servicing Rights Financing Receivable | New Residential Mortgage LLC | MSRs
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning Balance			598,728
Investments made			138,993
New Ocwen Agreements			1,017,993
Proceeds from sales			(2,768)
Amortization of servicing rights	(56,840)	(1,127)	(105,543)	(1,127)
Change in valuation inputs and assumptions	(62,263)	$ 6,723	257,516	$ 6,723
Ending Balance	$ 1,904,919		$ 1,904,919

INVESTMENTS IN MORTGAGE SERVI59

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - MSRs - Mortgage Loans	Jun. 30, 2018	Dec. 31, 2017
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100.00%	100.00%
California
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	20.00%	19.00%
New York
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	7.90%	6.30%
Florida
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.90%	6.00%
Texas
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.30%	5.70%
New Jersey
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.90%	5.20%
Illinois
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.00%	4.10%
Massachusetts
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.80%	3.80%
Maryland
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.40%	2.80%
Pennsylvania
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.20%	3.30%
Virginia
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.20%	3.10%
Other U.S.
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	37.40%	40.70%

INVESTMENTS IN MORTGAGE SERVI60

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Investment [Line Items]
Outstanding Servicer Advances	[1]	$ 843,438	$ 4,027,379
Servicer Advances Receivable
Investment [Line Items]
Principal and interest advances		832,272	172,467
Escrow advances (taxes and insurance advances)		2,143,021	482,884
Foreclosure advances		226,916	16,017
Outstanding Servicer Advances		3,202,209	671,368
Servicer advances receivable related to agency MSRs		172,300	167,900
Servicer advances, unamortized discount and accrual		$ 13,200	$ 4,200
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

SERVICER ADVANCE INVESTMENTS -

SERVICER ADVANCE INVESTMENTS - Narrative (Details) $ in Millions	Jun. 30, 2018USD ($)
Advance Purchaser LLC
Investment [Line Items]
Capital distributed to third-party co-investors	$ 320.6
Capital distributed to New Residential	$ 285.7
Servicer Advance Investments
Investment [Line Items]
New Residential’s ownership	72.80%
Funded capital commitments	$ 312.7
Servicer Advance Investments | Noncontrolling Third-party Investors
Investment [Line Items]
Funded capital commitments	$ 389.6

SERVICER ADVANCE INVESTMENTS 62

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances (Details) - Servicer Advance Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	$ 821,289		$ 821,289		$ 3,924,003
Carrying Value	$ 843,438		$ 843,438		$ 4,027,379
Weighted Average Discount Rate	5.80%		5.80%		6.80%
Weighted Average Yield	5.80%		5.80%		7.30%
Weighted Average Life (Years)			5 years 5 months 13 days		5 years 1 month 2 days
Change in Fair Value of Servicer Advance Investments	$ (1,752)	$ 56,969	$ (81,228)	$ 59,528

SERVICER ADVANCE INVESTMENTS 63

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	[1]	$ 843,438	$ 4,027,379
Face Amount of Notes and Bonds Payable		15,484,977
Servicer Advance Investments | Servicer Advances
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages		44,895,549	139,460,371
Outstanding Servicer Advances		$ 692,323	$ 3,581,876
Servicer Advances to UPB of Underlying Residential Mortgage Loans		1.50%	2.60%
Face Amount of Notes and Bonds Payable		$ 662,010	$ 3,461,718
Gross Loan-to-Value		89.20%	93.20%
Net Loan-to-Value		88.10%	92.00%
Gross Cost of Funds		3.70%	3.30%
Net Cost of Funds		3.10%	3.00%
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

SERVICER ADVANCE INVESTMENTS 64

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Investment [Line Items]
Total	[1]	$ 843,438	$ 4,027,379
Servicer Advance Investments | Servicer Advances
Investment [Line Items]
Principal and interest advances		112,367	909,133
Escrow advances (taxes and insurance advances)		268,741	1,636,381
Foreclosure advances		311,215	1,036,362
Total		$ 692,323	$ 3,581,876
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

SERVICER ADVANCE INVESTMENTS 65

SERVICER ADVANCE INVESTMENTS - Schedule of Interest Income Related to Investments in Servicer Advances (Details) - Servicer Advance Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Investment [Line Items]
Interest income, gross of amounts attributable to servicer compensation	$ 22,161	$ 133,098	$ 42,548	$ 206,954
Amounts attributable to base servicer compensation	(2,035)	(102,359)	(4,007)	(106,506)
Amounts attributable to incentive servicer compensation	(7,634)	209,730	(7,160)	216,064
Interest income from Servicer Advance Investments	$ 12,492	$ 240,469	$ 31,381	$ 316,512

SERVICER ADVANCE INVESTMENTS 66

SERVICER ADVANCE INVESTMENTS - Summary of Information on the Assets and Liabilities related to Consolidated VIE (Details) - VIE, consolidated - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Servicer advance investments, at fair value	$ 810,581	$ 1,002,102
Cash and cash equivalents	30,046	40,929
All other assets	11,333	13,011
Total assets	851,960	1,056,042
Liabilities
Notes and bonds payable	634,553	789,979
All other liabilities	3,185	3,308
Total liabilities	$ 637,738	$ 793,287

SERVICER ADVANCE INVESTMENTS 67

SERVICER ADVANCE INVESTMENTS - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Others
Investment [Line Items]
Investment in equity	$ 58,286		$ 58,286		$ 71,491
Ownership interest	27.20%		27.20%		27.20%
Net income	$ 1,056	$ 3,328	$ 2,439	$ 9,148
Others’ ownership interest as a percent of total	27.20%	54.20%	27.20%	54.20%
Servicer Advance Investments
Investment [Line Items]
Investment in equity	$ 214,221		$ 214,221		$ 262,755
Ownership interest	72.80%		72.80%
Net income	$ 3,881	$ 6,140	$ 8,966	$ 16,876

INVESTMENTS IN REAL ESTATE AN68

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)securitybond	Dec. 31, 2017USD ($)
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 16,753,696
Amortized Cost Basis	7,619,444
Carrying Value	$ 8,084,927	$ 8,071,140
Weighted Average Life (Years)	1 year 3 months 21 days
Investments	$ 17,828,271
Bonds
Debt Securities, Available-for-sale [Line Items]
Carrying Value	$ 537,600
Number of bonds which New Residential was unable to obtain rating information | bond	226
Residual Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	$ 208,600
Non-Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	0
Treasury
Debt Securities, Available-for-sale [Line Items]
Face	0
Purchase Price	0
Face	862,000
Amortized Cost	858,000
Sale Price	849,800
Gain (Loss) on Sale	(8,200)
Outstanding Face Amount	0
Amortized Cost Basis	0
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Carrying Value	$ 0	852,734
Number of Securities | security	0
Weighted Average Rating	N/A
Weighted Average Coupon	0.00%
Weighted Average Yield	0.00%
Agency RMBS
Debt Securities, Available-for-sale [Line Items]
Face	$ 2,207,500
Purchase Price	2,215,100
Face	2,162,400
Amortized Cost	2,182,100
Sale Price	2,152,200
Gain (Loss) on Sale	(29,900)
Outstanding Face Amount	1,205,334
Amortized Cost Basis	1,231,112
Gross Unrealized Gains	539
Gross Unrealized Losses	(132)
Carrying Value	$ 1,231,519	1,243,617
Number of Securities | security	61
Weighted Average Rating	AAA
Weighted Average Coupon	3.97%
Weighted Average Yield	3.43%
Weighted Average Life (Years)	4 years 4 months 4 days
Agency RMBS | Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,100,000
Agency RMBS | Floating Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	100,000
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Face	3,888,500
Purchase Price	1,184,900
Face	85,000
Amortized Cost	66,800
Sale Price	66,200
Gain (Loss) on Sale	(600)
Outstanding Face Amount	15,548,362
Amortized Cost Basis	6,388,332
Gross Unrealized Gains	519,637
Gross Unrealized Losses	(54,561)
Carrying Value	$ 6,853,408	5,974,789
Number of Securities | security	806
Weighted Average Rating	CCC
Weighted Average Coupon	2.87%
Weighted Average Yield	5.89%
Weighted Average Life (Years)	7 years 2 months 24 days
Weighted Average Principal Subordination	9.50%
Non-Agency | Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 2,100,000
Residual and interest - only notional amount	1,400,000
Non-Agency | Floating Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	13,400,000
Residual and interest - only notional amount	5,600,000
Investments in Real Estate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	16,753,696
Amortized Cost Basis	7,619,444
Gross Unrealized Gains	520,176
Gross Unrealized Losses	(54,693)
Carrying Value	$ 8,084,927	$ 8,071,140
Number of Securities | security	867
Weighted Average Rating	B
Weighted Average Coupon	3.03%
Weighted Average Yield	5.49%
Weighted Average Life (Years)	6 years 9 months 6 days
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 85,000
Amortized Cost Basis	85,000
Gross Unrealized Gains	0
Gross Unrealized Losses	(1,700)
Carrying Value	$ 83,300
Number of Securities | security	1
Weighted Average Rating	B-
Weighted Average Coupon	8.25%
Weighted Average Yield	8.25%
Weighted Average Life (Years)	6 years 9 months 17 days
Consumer loan bonds
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 58,212
Amortized Cost Basis	39,044
Gross Unrealized Gains	42
Gross Unrealized Losses	(2,811)
Carrying Value	$ 36,275
Number of Securities | security	4
Weighted Average Rating	N/A
Weighted Average Yield	25.50%
Weighted Average Life (Years)	1 year 4 months 26 days
MSR bonds
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 100,000
Amortized Cost Basis	100,000
Gross Unrealized Gains	563
Gross Unrealized Losses	0
Carrying Value	$ 100,563
Number of Securities | security	1
Weighted Average Rating	BBB-
Weighted Average Coupon	4.94%
Weighted Average Yield	7.03%
Weighted Average Life (Years)	8 years 11 months 7 days
Interest-only securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 4,983,445
Amortized Cost Basis	228,691
Gross Unrealized Gains	16,682
Gross Unrealized Losses	(11,084)
Carrying Value	$ 234,289
Number of Securities | security	62
Weighted Average Rating	AA
Weighted Average Coupon	1.50%
Weighted Average Yield	7.43%
Weighted Average Life (Years)	3 years 21 days
Servicing Strips
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,023,140
Amortized Cost Basis	8,814
Gross Unrealized Gains	1,326
Gross Unrealized Losses	(212)
Carrying Value	$ 9,928
Number of Securities | security	23
Weighted Average Rating	N/A
Weighted Average Coupon	0.21%
Weighted Average Yield	14.09%
Weighted Average Life (Years)	6 years 29 days

INVESTMENTS IN REAL ESTATE AN69

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Other-than-temporary impairment	$ 12,631	$ 5,115	$ 19,301	$ 7,227
Real estate securities acquired with credit quality deterioration, face amount			877,600
Real estate securities acquired with credit quality deterioration, expected cash flows			723,300
Real estate securities acquired with credit quality deterioration, fair value			533,400
Agency RMBS
Debt Securities, Available-for-sale [Line Items]
Face amount of securities sold, unsettled	1,100,000		1,100,000
Face amount of securities purchased	1,100,000		1,100,000
Proceeds from sale of AFS, unsettled	1,100,000		1,100,000
Purchase of real estate securities, unsettled	1,100,000		1,100,000
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Face amount of securities sold, unsettled	40,800		40,800
Purchase of real estate securities, unsettled	$ 39,200		$ 39,200

INVESTMENTS IN REAL ESTATE AN70

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)bondsecurity	Dec. 31, 2017USD ($)
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 16,753,696
Other Than Temporary Impairment - Amortized Cost Basis	(42,310)	$ (23,821)
Amortized Cost Basis	$ 7,619,444
Weighted Average Life (Years)	1 year 3 months 21 days
Less than 12 Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 3,392,071
Before Impairment - Amortized Cost Basis	1,404,921
Other Than Temporary Impairment - Amortized Cost Basis	(2,106)
Amortized Cost Basis	1,402,815
Gross Unrealized Losses - Less than Twelve Months	(30,644)
Carrying Value - Less than Twelve Months	$ 1,372,171
Number of Securities - Less than Twelve Months | security	166
Weighted Average Rating	B-
Weighted Average Coupon	3.26%
Weighted Average Yield	5.28%
Weighted Average Life (Years)	5 years 7 months 15 days
Number of bonds which New Residential was unable to obtain rating information | bond	35
12 or More Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,588,531
Before Impairment - Amortized Cost Basis	493,005
Other Than Temporary Impairment - Amortized Cost Basis	(10,525)
Amortized Cost Basis	482,480
Gross Unrealized Losses - Twelve or More Months	(24,049)
Carrying Value - Twelve or More Months	$ 458,431
Number of Securities - Twelve or More Months | security	94
Weighted Average Rating	BBB+
Weighted Average Coupon	2.00%
Weighted Average Yield	5.74%
Weighted Average Life (Years)	5 years 4 months 6 days
Number of bonds which New Residential was unable to obtain rating information | bond	13
Total/Weighted Average
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 4,980,602
Before Impairment - Amortized Cost Basis	1,897,926
Other Than Temporary Impairment - Amortized Cost Basis	(12,631)
Amortized Cost Basis	1,885,295
Gross Unrealized Losses - Total	(54,693)
Carrying Value - Total	$ 1,830,602
Number of Securities - Total | security	260
Weighted Average Rating	B+
Weighted Average Coupon	2.94%
Weighted Average Yield	5.40%
Weighted Average Life (Years)	5 years 6 months 20 days

INVESTMENTS IN REAL ESTATE AN71

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details)	6 Months Ended
	Jun. 30, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Unrealized losses reflected in other comprehensive income	$ 0
Securities New Residential intends to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	95,719,000
Amortized Cost Basis After Impairment	95,719,000
Unrealized Credit Losses	(5,077,000)
Unrealized Non-Credit Losses	0
Securities New Residential is more likely than not to be required to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	0
Amortized Cost Basis After Impairment	0
Unrealized Credit Losses	0
Credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	525,651,000
Amortized Cost Basis After Impairment	544,486,000
Unrealized Credit Losses	(7,554,000)
Unrealized Non-Credit Losses	(18,835,000)
Non-credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	1,209,232,000
Amortized Cost Basis After Impairment	1,245,090,000
Unrealized Credit Losses	0
Unrealized Non-Credit Losses	(35,858,000)
Total debt securities in an unrealized loss position
Debt Securities, Available-for-sale [Line Items]
Fair Value	1,830,602,000
Amortized Cost Basis After Impairment	1,885,295,000
Unrealized Credit Losses	(12,631,000)
Unrealized Non-Credit Losses	$ (54,693,000)

INVESTMENTS IN REAL ESTATE AN72

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$ 23,821
Increases to credit losses on securities for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income	11,911
Additions for credit losses on securities for which an OTTI was not previously recognized	7,390
Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis	0
Reduction for credit losses on securities for which no OTTI was recognized in other comprehensive income at the current measurement date	0
Reduction for securities sold during the period	(812)
Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$ 42,310

INVESTMENTS IN REAL ESTATE AN73

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 15,405,150	$ 12,727,667
Percentage of Total Outstanding	100.00%	100.00%
Non-Agency | Western U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 5,702,939	$ 4,882,136
Percentage of Total Outstanding	37.00%	38.40%
Non-Agency | Southeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 3,693,161	$ 3,005,519
Percentage of Total Outstanding	24.00%	23.60%
Non-Agency | Northeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 3,101,220	$ 2,555,514
Percentage of Total Outstanding	20.10%	20.10%
Non-Agency | Midwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,709,037	$ 1,337,980
Percentage of Total Outstanding	11.10%	10.50%
Non-Agency | Southwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,081,426	$ 927,647
Percentage of Total Outstanding	7.00%	7.30%
Non-Agency | Other U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 117,367	$ 18,871
Percentage of Total Outstanding	0.80%	0.10%
Consumer Loan | Bonds
Debt Securities, Available-for-sale [Line Items]
Face amount of investment	$ 58,200	$ 29,700
Corporate Loan | Bonds
Debt Securities, Available-for-sale [Line Items]
Face amount of investment	$ 85,000	$ 0

INVESTMENTS IN REAL ESTATE AN74

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Outstanding Face Amount	$ 5,921,325	$ 5,364,847
Carrying Value	$ 3,875,742	$ 3,493,723

INVESTMENTS IN REAL ESTATE AN75

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Changes in Accretable Yield for Securities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Certain Loans Acquired in Transfer Accounted for as Available-for-sale Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance, beginning	$ 2,000,266
Additions	189,915
Accretion	(120,455)
Reclassifications from (to) non-accretable difference	51,419
Disposals	(3,277)
Balance, ending	$ 2,117,868

INVESTMENTS IN RESIDENTIAL MO76

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)loan	Dec. 31, 2017USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	1 year 3 months 21 days
Threshold period past due (in days)	60 days
Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 571,381
Carrying Value	$ 520,969	$ 507,615
Loan Count | loan	9,137
Weighted Average Yield	8.00%
Weighted Average Life (Years)	4 years 9 months 18 days
Floating Rate Loans as a % of Face Amount	20.40%
Loan to Value Ratio (LTV)	80.00%
Weighted Average Delinquency	7.20%
Weighted Average FICO	648
Performing Loans | Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 31,200
Purchased Credit Deteriorated Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	237,464
Carrying Value	$ 169,802	183,540
Loan Count | loan	2,216
Weighted Average Yield	7.70%
Weighted Average Life (Years)	3 years 1 month 22 days
Floating Rate Loans as a % of Face Amount	16.20%
Loan to Value Ratio (LTV)	90.10%
Weighted Average Delinquency	79.00%
Weighted Average FICO	596
Residential Mortgage Loans, held-for-investment
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 808,845
Carrying Value	$ 690,771	691,155
Loan Count | loan	11,353
Weighted Average Yield	7.90%
Weighted Average Life (Years)	4 years 3 months 23 days
Floating Rate Loans as a % of Face Amount	19.20%
Loan to Value Ratio (LTV)	83.00%
Weighted Average Delinquency	28.30%
Weighted Average FICO	633
Reverse Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 15,491
Carrying Value	$ 6,796	6,870
Loan Count | loan	43
Weighted Average Yield	7.90%
Weighted Average Life (Years)	6 years 2 months 21 days
Floating Rate Loans as a % of Face Amount	12.20%
Loan to Value Ratio (LTV)	131.40%
Weighted Average Delinquency	64.10%
Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 1,399,059
Carrying Value	$ 1,422,747	1,071,371
Loan Count | loan	16,935
Weighted Average Yield	3.90%
Weighted Average Life (Years)	4 years 4 months 12 days
Floating Rate Loans as a % of Face Amount	30.60%
Loan to Value Ratio (LTV)	59.10%
Weighted Average Delinquency	4.90%
Weighted Average FICO	680
Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 756,418
Carrying Value	$ 591,776	647,293
Loan Count | loan	5,838
Weighted Average Yield	6.10%
Weighted Average Life (Years)	2 years 10 months 30 days
Floating Rate Loans as a % of Face Amount	17.90%
Loan to Value Ratio (LTV)	86.10%
Weighted Average Delinquency	77.70%
Weighted Average FICO	590
Residential Mortgage Loans, held-for-sale
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 2,170,968
Carrying Value	$ 2,021,319	$ 1,725,534
Loan Count | loan	22,816
Weighted Average Yield	4.70%
Weighted Average Life (Years)	3 years 10 months 15 days
Floating Rate Loans as a % of Face Amount	26.00%
Loan to Value Ratio (LTV)	69.00%
Weighted Average Delinquency	30.70%
Weighted Average FICO	648
Reverse Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	70.00%
Unpaid principal balance	$ 400
Percentage of loans that have reached a termination event	46.00%
Reverse Mortgage Loans | Nationstar
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	30.00%
Non-Performing Loans | Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 61,100

INVESTMENTS IN RESIDENTIAL MO77

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - Residential Mortgage Loans	Jun. 30, 2018	Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100.00%	100.00%
California
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	13.00%	9.10%
New York
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	11.90%	12.80%
Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.90%	6.60%
Florida
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.50%	8.20%
New Jersey
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.10%	5.20%
Pennsylvania
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	3.40%
Illinois
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.50%	3.90%
Massachusetts
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.80%	2.70%
Maryland
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.60%	2.70%
Washington
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.00%	1.70%
Other U.S.
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	42.10%	43.70%

INVESTMENTS IN RESIDENTIAL MO78

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Call Rights (Details) - Residential Mortgage Loans $ in Millions	May 31, 2018USD ($)trust	Jan. 31, 2018USD ($)trust	Jun. 30, 2018USD ($)trust	Apr. 30, 2018USD ($)trust	Mar. 31, 2018USD ($)trust
Investment [Line Items]
Number of Trusts Called | trust	12		12	8	25
Previously acquired loans	$ 33.5
Call Right, Batch 1
Investment [Line Items]
Number of Trusts Called | trust		0
Call Right, Batch 2
Investment [Line Items]
Number of Trusts Called | trust		7
Securities Owned Prior
Investment [Line Items]
Face Amount	6.7		$ 32.3	$ 5.8	$ 85.9
Amortized Cost Basis	4.7		19.4	4.8	75.4
Securities Owned Prior | Call Right, Batch 1
Investment [Line Items]
Face Amount		$ 0
Amortized Cost Basis		0
Securities Owned Prior | Call Right, Batch 2
Investment [Line Items]
Face Amount		0.4
Amortized Cost Basis		0.2
Assets Acquired
Investment [Line Items]
Unpaid Principal Balance	475.6		409	218.8	458.8
Loan Price	473.5		400.6	222.3	461.4
REO & Other Price	3.2		$ 3.6	$ 2	$ 4.1
Assets Acquired | Call Right, Batch 1
Investment [Line Items]
Unpaid Principal Balance		0
Loan Price		0
REO & Other Price		0
Assets Acquired | Call Right, Batch 2
Investment [Line Items]
Unpaid Principal Balance		32.5
Loan Price		32.8
REO & Other Price		0.1
Loans Sold | Call Right, Batch 1
Investment [Line Items]
Unpaid Principal Balance	435.3	726.5
Loans Sold, Gain (Loss)	(6.7)	(17.8)
Retained Bonds | Call Right, Batch 1
Investment [Line Items]
Restricted Bonds, Basis	52.9	76.8
Retained Assets | Call Right, Batch 1
Investment [Line Items]
Unpaid Principal Balance	56	265.3
Loan Price	46.8	239
REO & Other Price	$ 4.6	$ 14.4

INVESTMENTS IN RESIDENTIAL MO79

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Performing Loans Past Due (Details) - Performing Loans - Residential Portfolio Segment	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	100.00%
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	85.20%
30-59
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	6.80%
60-89
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	1.50%
90-119
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	0.80%
Financing Receivables, Equal to Greater than 120 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	5.70%

INVESTMENTS IN RESIDENTIAL MO80

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Carrying Value of Mortgage Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Accretion of loan discount and premium amortization, net	$ 359,105	$ 545,386
Transfer of loans to real estate owned	(52,771)
PCD Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	183,540
Purchases/additional fundings	29,785
Sales	0
Proceeds from repayments	(18,296)
Accretion of loan discount and premium amortization, net	12,265
Provision for loan losses	0
Transfer of loans to real estate owned	(11,999)
Transfer of loans to held-for-sale	(25,493)
Balance, ending	169,802
Residential Portfolio Segment | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	507,615
Purchases/additional fundings	55,993
Proceeds from repayments	(49,198)
Accretion of loan discount and premium amortization, net	8,728
Provision for loan losses	(458)
Transfer of loans to other assets	0
Transfer of loans to real estate owned	(1,711)
Balance, ending	$ 520,969

INVESTMENTS IN RESIDENTIAL MO81

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Allowance for Loan Losses (Details) - Performing Loans - Residential Portfolio Segment $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at December 31, 2017	$ 196
Provision for loan losses	458
Charge-offs	(654)
Balance at June 30, 2018	$ 0

INVESTMENTS IN RESIDENTIAL MO82

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Unpaid Principal Balance and Carrying Value for Uncollectible Loans (Details) - PCD Loans - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 237,464	$ 249,254
Carrying Value	$ 169,802	$ 183,540

INVESTMENTS IN RESIDENTIAL MO83

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Changes in Accretable Yield (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 88,631
Additions	16,523
Accretion	(12,265)
Change in accretable yield for non-credit related changes in expected cash flows	1,487
Disposals	(2,158)
Transfer of loans to held-for-sale	(5,495)
Ending balance	$ 86,723

INVESTMENTS IN RESIDENTIAL MO84

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Loans Held-for-sale (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Loans Held-for-sale, Reconciliation [Roll Forward]
Transfer of loans to real estate owned	$ (52,771)
Loans Held-for-sale
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	1,725,534
Purchases	2,402,258
Transfer of loans from held-for-investment	25,493
Sales	(2,024,996)
Transfer of loans to other assets	(4,138)
Transfer of loans to real estate owned	(28,571)
Proceeds from repayments	(79,142)
Valuation (provision) reversal on loans	4,881
Ending balance, loans held-for-sale	2,021,319
Provision for loans held-for-sale	$ 11,100

INVESTMENTS IN RESIDENTIAL MO85

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Real Estate Owned (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Real Estate Owned [Roll Forward]
Beginning balance	$ 128,295
Purchases	23,948
Transfer of loans to real estate owned	52,771
Sales	(79,137)
Valuation (provision) reversal on REO	(176)
Ending balance	125,701
Early buy-out and reverse mortgage loans, foreclosure completed
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Claims receivable	25,000
Residential Mortgage
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	$ 455,500

INVESTMENTS IN RESIDENTIAL MO86

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Variable Interest Entities, Characteristics (Details) - Variable Interest Entity, Not Primary Beneficiary $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Variable Interest Entity [Line Items]
Unpaid Principal Balance	$ 5,651,753
Weighted Average Delinquency	2.22%
Net credit losses for the six months ended June 30, 2018	$ 3,779
Face amount of debt held by third parties	5,190,472
Carrying value of bonds retained by New Residential	619,922
Cash flows received by New Residential on these bonds for the six months ended June 30, 2018	$ 65,207
Number of days delinquent (in days)	60 days

INVESTMENTS IN CONSUMER LOANS -

INVESTMENTS IN CONSUMER LOANS - Narrative (Details) $ / shares in Units, shares in Millions	May 31, 2018shares	Feb. 28, 2017USD ($)investor$ / sharesshares	Jun. 30, 2018
WarrantCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Number of warrants to be purchased (in shares)		177.7
Value of warrants to be purchased | $		$ 75,000,000
Exercise price (in dollars per share) | $ / shares		$ 0.01
Consumer Loan Companies
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership			53.50%
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership		25.00%
Total purchase agreement amount | $		$ 5,000,000,000
Term of purchase contract (in years)		2 years
Number of co-investors | investor		3
Recording lag (in months)		1 month
WarrantCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership		23.57%
Number of co-investors | investor		3
Consumer Loan Seller | WarrantCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Number of warrants owned (in shares)	84.7
Consumer Loan Seller | New Residential and Co Investors | Consumer Portfolio Segment | Series F Convertible Preferred Stock
Schedule of Equity Method Investments [Line Items]
Number of securites called by warrants or rights	20.1

INVESTMENTS IN CONSUMER LOANS88

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Investments made through Equity Method Investees (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Carrying Value	[1]	$ 1,212,917	$ 1,374,263
Weighted Average Life (Years)		1 year 3 months 21 days
Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 12,500
Consumer Portfolio Segment | New Residential Investment Corp.
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		1,216,350	1,377,792
Carrying Value		$ 1,212,917	$ 1,374,263
Weighted Average Coupon		17.90%	17.90%
Weighted Average Life (Years)		3 years 6 months 9 days	3 years 6 months
Weighted Average Delinquency		6.10%	7.30%
Consumer Portfolio Segment | New Residential Investment Corp. | Other - Performing Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 58,864	$ 89,682
Interest in Consumer Loans		100.00%	100.00%
Carrying Value		$ 54,726	$ 85,253
Weighted Average Coupon		14.10%	14.10%
Weighted Average Life (Years)		10 months 14 days	1 year
Weighted Average Delinquency		4.40%	4.50%
Consumer Portfolio Segment | New Residential Investment Corp. | Performing Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 904,056	$ 1,005,570
Interest in Consumer Loans		53.50%	53.50%
Carrying Value		$ 946,592	$ 1,052,561
Weighted Average Coupon		18.60%	18.70%
Weighted Average Life (Years)		3 years 8 months 23 days	3 years 8 months 12 days
Weighted Average Delinquency		5.00%	6.00%
Consumer Portfolio Segment | New Residential Investment Corp. | Purchased Credit Deteriorated Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 253,430	$ 282,540
Interest in Consumer Loans		53.50%	53.50%
Carrying Value		$ 211,599	$ 236,449
Weighted Average Coupon		16.10%	16.20%
Weighted Average Life (Years)		3 years 4 months 28 days	3 years 3 months 18 days
Weighted Average Delinquency		10.40%	12.50%
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

INVESTMENTS IN CONSUMER LOANS89

INVESTMENTS IN CONSUMER LOANS - Consumer Loans Receivable Past Due (Details) - Performing Loans - Consumer Portfolio Segment	Jun. 30, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	100.00%
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	95.10%
30-59
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	1.80%
60-89
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	1.10%
90-119
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	0.80%
120 or greater
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	1.20%

INVESTMENTS IN CONSUMER LOANS90

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Loans Receivable [Roll Forward]
Purchases	$ 85,778	$ 586,154
Proceeds from repayments	(69,133)	(21,277)
Accretion of loan discount and premium amortization, net	359,105	$ 545,386
Consumer Portfolio Segment | Performing Loans
Loans Receivable [Roll Forward]
Beginning balance	1,137,814
Purchases	0
Additional fundings	20,636
Proceeds from repayments	(126,855)
Accretion of loan discount and premium amortization, net	1,038
Gross charge-offs	(31,758)
Additions to the allowance for loan losses, net	443
Ending balance	$ 1,001,318

INVESTMENTS IN CONSUMER LOANS91

INVESTMENTS IN CONSUMER LOANS - Allowance for Loan Losses (Details) - Consumer Portfolio Segment $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Unpaid Principal Balance	$ 12,500
Carrying value of TDR	11,300
Performing Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance, collectively evaluated	4,429
Beginning balance, individually impaired	1,676
Balance at December 31, 2017	6,105
Provision for loan losses	26,755
Charge-offs	(27,198)
Ending balance, collectively evaluated	4,138
Ending balance, individually impaired	1,524
Balance at June 30, 2018	5,662
Recovery of bad debts	4,600
Performing Loans | Allowance for Losses on Finance Receivables, Collectively Evaluated
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for loan losses	26,907
Charge-offs	(27,198)
Performing Loans | Allowance for Losses on Finance Receivables, Individually Impaired
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for loan losses	(152)
Charge-offs	$ 0

INVESTMENTS IN CONSUMER LOANS92

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Loans Receivable [Roll Forward]
Proceeds from repayments	$ (69,133)	$ (21,277)
Accretion of loan discount and premium amortization, net	359,105	$ 545,386
Receivables Acquired with Deteriorated Credit Quality | Consumer Portfolio Segment
Loans Receivable [Roll Forward]
Beginning balance	236,449
Provision for loan losses	0
Proceeds from repayments	(43,515)
Accretion of loan discount and premium amortization, net	18,665
Ending balance	$ 211,599

INVESTMENTS IN CONSUMER LOANS93

INVESTMENTS IN CONSUMER LOANS - Unpaid Principal Balance of Purchased Credit Deteriorated Loans (Details) - Receivables Acquired with Deteriorated Credit Quality - Consumer Portfolio Segment - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 253,430	$ 282,540
Carrying Value	$ 211,599	$ 236,449

INVESTMENTS IN CONSUMER LOANS94

INVESTMENTS IN CONSUMER LOANS - Changes in Accretable Yield (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Loans Receivable [Roll Forward]
Beginning balance	$ 88,631
Accretion	(12,265)
Ending balance	86,723
Consumer Portfolio Segment | Receivables Acquired with Deteriorated Credit Quality
Loans Receivable [Roll Forward]
Beginning balance	132,291
Accretion	(18,665)
Reclassifications to non-accretable difference	22,584
Ending balance	$ 136,210

INVESTMENTS IN CONSUMER LOANS95

INVESTMENTS IN CONSUMER LOANS - Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Total Consumer Loan Companies equity	$ 5,708,793		$ 5,708,793		$ 4,690,205
Others’ interests in equity of consolidated subsidiary	90,131		90,131		105,957
Noncontrolling interests in income (loss) of consolidated subsidiaries	11,078	$ 15,671	21,189	$ 31,451
Consumer Loan Companies
Noncontrolling Interest [Line Items]
Total Consumer Loan Companies equity	68,474		68,474		$ 74,071
Net Consumer Loan Companies income (loss)	$ 21,552	$ 26,545	$ 40,321	$ 47,965
Consumer Loan Companies
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%	46.50%	46.50%	46.50%	46.50%
Others’ interests in equity of consolidated subsidiary	$ 31,845		$ 31,845		$ 34,466
Noncontrolling interests in income (loss) of consolidated subsidiaries	$ 10,022	$ 12,343	$ 18,750	$ 22,303

INVESTMENTS IN CONSUMER LOANS96

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Variable Interest Entities (Details) - VIE, consolidated - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Total assets	$ 851,960	$ 1,056,042
Notes and bonds payable	634,553	789,979
Accounts payable and accrued expenses	3,185	3,308
Total liabilities	637,738	793,287
Consumer Loan Companies
Variable Interest Entity [Line Items]
Consumer loans, held-for-investment	1,158,191	1,289,010
Restricted cash	10,786	11,563
Accrued interest receivable	17,300	19,360
Total assets	1,186,277	1,319,933
Notes and bonds payable	1,154,564	1,284,436
Accounts payable and accrued expenses	3,958	4,007
Total liabilities	1,158,522	$ 1,288,443
Face amount of bonds retained	$ 121,000

INVESTMENTS IN CONSUMER LOANS97

INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2018	May 31, 2018	Jun. 30, 2017	May 31, 2017	Jun. 30, 2018	May 31, 2018	Jun. 30, 2017	May 31, 2017	Dec. 31, 2017	Nov. 30, 2017
Schedule of Equity Method Investments [Line Items]
New Residential’s equity in net income	$ 2,982		$ 5,880		$ 7,788		$ 5,880
Consumer Portfolio Segment | LoanCo and WarrantCo
Schedule of Equity Method Investments [Line Items]
Consumer loans, at fair value		$ 242,082				$ 242,082				$ 178,422
Warrants, at fair value		94,874				94,874				80,746
Other assets		53,242				53,242				46,342
Warehouse financing		(177,930)				(177,930)				(117,944)
Other liabilities		(5,885)				(5,885)				(13,059)
Equity		206,383				206,383				174,507
Undistributed retained earnings		0				0				0
New Residential’s investment	$ 57,820	$ 50,241			57,820	$ 50,241			$ 51,412	$ 42,473
New Residential’s ownership		24.30%				24.30%				24.30%
Interest income		$ 8,727		$ 12,829		$ 21,519		$ 12,829
Interest expense		(2,350)		(3,133)		(5,718)		(3,133)
Change in fair value of consumer loans and warrants		5,522		3,555		19,074		3,555
Gain on sale of consumer loans		1,553		11,850		1,133		11,850
Other expenses		(1,390)		(1,580)		(4,597)		(1,580)
Net income		12,062		23,521		31,411		23,521
New Residential’s equity in net income		$ 2,982		$ 5,880	$ 7,788	$ 7,788		$ 5,880
New Residential’s ownership		24.70%		24.90%		24.80%		24.90%

INVESTMENTS IN CONSUMER LOANS98

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Carrying Value	[1]	$ 1,212,917	$ 1,374,263
Weighted Average Life (Years)		1 year 3 months 21 days
Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages		$ 12,500
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages		$ 242,082
Interest in Consumer Loans		25.00%
Carrying Value		$ 242,082
Weighted Average Coupon		14.60%
Weighted Average Life (Years)		1 year 4 months 27 days
Weighted Average Delinquency		0.60%
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, Advance Purchaser LLC (the “Buyer”) (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advance Investments and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer and the Consumer Loan SPVs are included in Notes 6 and 9, respectively. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations. See Note 8 regarding deconsolidation of the RPL Borrowers.

INVESTMENTS IN CONSUMER LOANS99

INVESTMENTS IN CONSUMER LOANS - Changes in Consumer Loan Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2018	May 31, 2018	Jun. 30, 2017	May 31, 2017	Jun. 30, 2018	May 31, 2018	Jun. 30, 2017	May 31, 2017
Increase (Decrease) in Equity Method Investments [Roll Forward]
Distributions of earnings from equity method investees					$ (6,530)		$ (7,433)
Earnings from investments in consumer loans, equity method investees	$ 2,982		$ 5,880		7,788		$ 5,880
Consumer Portfolio Segment | LoanCo and WarrantCo
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance					51,412	$ 42,473
Contributions to equity method investees					205,641
Distributions of earnings from equity method investees					(3,263)
Distributions of capital from equity method investees					(203,758)
Earnings from investments in consumer loans, equity method investees		$ 2,982		$ 5,880	7,788	7,788		$ 5,880
Ending balance	$ 57,820	$ 50,241			$ 57,820	$ 50,241

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - TBAs - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Short
Derivative [Line Items]
Derivative liability, notional amount	$ 2,217,500	$ 3,101,100
Long
Derivative [Line Items]
Derivative liability, notional amount	$ 1,110,400	$ 1,014,000

DERIVATIVES - Derivatives Recor

DERIVATIVES - Derivatives Recorded at Fair Value (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Derivative assets	$ 10,000	$ 2,423,000
Derivative liabilities	7,811,000	697,000
Interest Rate Caps
Derivative [Line Items]
Derivative assets	10,000	2,423,000
Interest Rate Swaps
Derivative [Line Items]
Derivative liabilities	111,000	0
Variation margin accounts	1,900,000	0
TBAs
Derivative [Line Items]
Derivative liabilities	$ 7,700,000	$ 697,000

DERIVATIVES - Derivatives Notio

DERIVATIVES - Derivatives Notional Amount (Details) - Not Designated as Hedging Instrument - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
TBAs | Short
Derivative [Line Items]
Derivative liability, notional amount	$ 2,217,500,000	$ 3,101,100,000
TBAs | Long
Derivative [Line Items]
Derivative liability, notional amount	1,110,400,000	1,014,000,000
Interest Rate Caps
Derivative [Line Items]
Derivative asset, notional amount	$ 162,500,000	772,500,000
Weighted average maturity (in months)	7 months
Interest Rate Swaps
Derivative [Line Items]
Derivative liability, notional amount	$ 4,200,000,000	$ 0
Weighted average maturity (in months)	36 months
Weighted average fixed pay rate	2.85%
Interest Rate Cap, Contract Two
Derivative [Line Items]
Derivative, cap interest rate	4.00%
Notional amount of derivatives	$ 12,500,000
Interest Rate Cap, Contract Three
Derivative [Line Items]
Derivative, cap interest rate	4.00%
Notional amount of derivatives	$ 150,000,000

DERIVATIVES - Derivatives Gain

DERIVATIVES - Derivatives Gain (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	$ 1,240	$ (8,010)	$ 3,686	$ (3,684)
Gain (loss) on settlement of investments, net	19,270	(27,734)	56,633	(39,570)
Total income (losses)	20,510	(35,744)	60,319	(43,254)
TBAs
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	371	1,414	2,365	1,537
Gain (loss) on settlement of investments, net	3,857	(22,609)	19,293	(29,410)
Interest Rate Caps
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	(48)	(843)	438	(270)
Gain (loss) on settlement of investments, net	130	0	(603)	(562)
Interest Rate Swaps
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	917	(8,581)	883	(4,951)
Gain (loss) on settlement of investments, net	$ 15,283	$ (5,125)	$ 37,943	$ (9,598)

DEBT OBLIGATIONS - Schedule of

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Outstanding Face Amount	$ 15,484,977,000
Carrying Value	$ 15,464,910,000	$ 15,746,530,000
Weighted Average Funding Cost	3.54%
Weighted Average Life (Years)	1 year 3 months 21 days
Interest payable	$ 33,260,000	28,821,000
Agency RMBS | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	1,122,411,000
Carrying Value	$ 1,122,411,000	1,974,164,000
Weighted Average Funding Cost	2.18%
Weighted Average Life (Years)	1 month 19 days
Agency RMBS | Repurchase Agreements | Trade And Other Receivables
Debt Instrument [Line Items]
Collateral amount	$ 1,100,000,000
Agency RMBS | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 months 16 days
Outstanding Face of Collateral	$ 1,190,879,000
Amortized Cost Basis of Collateral	1,182,808,000
Carrying Value of Collateral	1,174,578,000
Non-Agency RMBS | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	5,405,096,000
Carrying Value	$ 5,405,096,000	4,720,290,000
Weighted Average Funding Cost	3.39%
Weighted Average Life (Years)	1 month 23 days
Non-Agency RMBS | Repurchase Agreements | Retained Servicer Advance and Consumer Bonds
Debt Instrument [Line Items]
Carrying Value	$ 162,200,000
Non-Agency RMBS | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	7 years 3 months 15 days
Outstanding Face of Collateral	$ 13,216,453,000
Amortized Cost Basis of Collateral	6,096,983,000
Carrying Value of Collateral	6,565,322,000
Residential Mortgage | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	2,126,086,000
Carrying Value	$ 2,125,071,000	1,849,004,000
Weighted Average Funding Cost	4.09%
Weighted Average Life (Years)	6 months 10 days
Residential Mortgage | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 years 6 months 10 days
Outstanding Face of Collateral	$ 2,676,421,000
Amortized Cost Basis of Collateral	2,459,100,000
Carrying Value of Collateral	2,434,254,000
Residential Mortgage | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	6,110,000
Carrying Value	$ 6,110,000	137,196,000
Weighted Average Funding Cost	4.33%
Weighted Average Life (Years)	4 months 1 day
Residential Mortgage | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 2 months 21 days
Outstanding Face of Collateral	$ 8,323,000
Amortized Cost Basis of Collateral	4,706,000
Carrying Value of Collateral	4,706,000
Real Estate Owned | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	104,606,000
Carrying Value	$ 104,556,000	118,681,000
Weighted Average Funding Cost	4.16%
Weighted Average Life (Years)	2 months 25 days
Real Estate Owned | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Carrying Value of Collateral	$ 133,504,000
Real Estate Owned | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	1,651,000
Carrying Value	$ 1,651,000	3,126,000
Weighted Average Funding Cost	4.30%
Weighted Average Life (Years)	4 months 1 day
Real Estate Owned | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Carrying Value of Collateral	$ 1,156,000
Total Repurchase Agreements | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	8,758,199,000
Carrying Value	$ 8,757,134,000	8,662,139,000
Weighted Average Funding Cost	3.42%
Weighted Average Life (Years)	2 months 26 days
Interest payable	$ 22,100,000
Excess MSRs
Debt Instrument [Line Items]
Carrying Value	197,563,000	483,978,000
Excess MSRs | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	197,759,000
Carrying Value	$ 197,563,000	483,978,000
Weighted Average Funding Cost	4.97%
Weighted Average Life (Years)	4 years 1 month 1 day
Excess MSRs | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 8 months 26 days
Outstanding Face of Collateral	$ 150,771,743,000
Amortized Cost Basis of Collateral	408,244,000
Carrying Value of Collateral	522,540,000
MSRs | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	1,896,688,000
Carrying Value	$ 1,888,618,000	1,157,179,000
Weighted Average Funding Cost	4.14%
Weighted Average Life (Years)	3 years 3 months 9 days
MSRs | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 5 months 17 days
Outstanding Face of Collateral	$ 340,548,316,000
Amortized Cost Basis of Collateral	3,191,130,000
Carrying Value of Collateral	4,001,757,000
Servicer Advances
Debt Instrument [Line Items]
Carrying Value	3,532,641,000	4,060,156,000
Servicer Advances | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	3,539,105,000
Carrying Value	$ 3,532,641,000	4,060,156,000
Weighted Average Funding Cost	3.48%
Weighted Average Life (Years)	2 years 2 months 27 days
Face amount of debt at fixed rate	$ 3,300,000,000
Servicer Advances | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	1.99514%
Servicer Advances | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	2.15%
Servicer Advances | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year 5 months 3 days
Outstanding Face of Collateral	$ 3,946,804,000
Amortized Cost Basis of Collateral	4,028,735,000
Carrying Value of Collateral	4,050,884,000
Consumer Loans
Debt Instrument [Line Items]
Carrying Value	1,081,193,000	1,242,756,000
Consumer Loans | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	1,085,465,000
Carrying Value	$ 1,081,193,000	1,242,756,000
Weighted Average Funding Cost	3.38%
Weighted Average Life (Years)	2 years 11 months 19 days
Consumer Loans | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	3 years 6 months 9 days
Outstanding Face of Collateral	$ 1,216,194,000
Amortized Cost Basis of Collateral	1,218,423,000
Carrying Value of Collateral	1,212,761,000
Total Notes Payable | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	6,726,778,000
Carrying Value	$ 6,707,776,000	$ 7,084,391,000
Weighted Average Funding Cost	3.69%
Weighted Average Life (Years)	2 years 8 months 13 days
3.00% Secured Corporate Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 197,800,000
3.00% Secured Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	3.00%
Secured Corporate Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 0
Secured Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
2.25% Agency MSR Secured Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 205,000,000
2.25% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	2.25%
3.00% Agency MSR Secured Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 230,020,000
3.00% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	3.00%
2.50% Agency MSR Secured Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 73,400,000
2.50% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
3.55% Corporate Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,388,200,000
3.55% Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	3.55384%
3.55% Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	4446.8224%
2.88% Residential Mortgage Loans | Notes and Bonds Payable | Nationstar
Debt Instrument [Line Items]
Outstanding Face Amount	$ 7,800,000
2.88% Residential Mortgage Loans | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Nationstar
Debt Instrument [Line Items]
Variable interest rate spread	2.875%
Consumer Loan, UPB Class A | Secured Debt
Debt Instrument [Line Items]
Interest rate, stated percentage	3.05%
UPB of Underlying Mortgages	$ 796,400,000
Consumer Loan, UPB Class B | Secured Debt
Debt Instrument [Line Items]
Interest rate, stated percentage	4.10%
UPB of Underlying Mortgages	$ 210,800,000
Consumer Loan, UPB Class C-1 | Secured Debt
Debt Instrument [Line Items]
Interest rate, stated percentage	5.63%
UPB of Underlying Mortgages	$ 18,300,000
Consumer Loan, UPB Class C-2 | Secured Debt
Debt Instrument [Line Items]
Interest rate, stated percentage	5.63%
UPB of Underlying Mortgages	$ 18,300,000
4.00% Consumer Loans | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 41,700,000
Interest rate, stated percentage	4.00%

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) $ in Thousands	Jun. 30, 2018USD ($)agreement
Debt Instrument [Line Items]
Face amount of debt	$ 15,484,977
Repurchase Agreements | Total Repurchase Agreements
Debt Instrument [Line Items]
Face amount of debt	$ 8,758,199
Repurchase Agreements | Stockholders' Equity, Total | Counterparty Concentration Risk
Debt Instrument [Line Items]
Number of repurchase agreements, outstanding | agreement	0

DEBT OBLIGATIONS - Carrying Val

DEBT OBLIGATIONS - Carrying Value of Debt Obligations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Debt Instrument [Roll Forward]
Beginning balance	$ 15,746,530
Borrowings	33,542,060	$ 23,815,777
Repayments	(33,450,992)	$ (20,745,543)
Ending balance	15,464,910
Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	483,978
Ending balance	197,563
MSRs
Debt Instrument [Roll Forward]
Beginning balance	1,157,179
Ending balance	1,888,618
Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	4,060,156
Ending balance	3,532,641
Real Estate Securities
Debt Instrument [Roll Forward]
Beginning balance	6,694,454
Ending balance	6,527,507
Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Beginning balance	2,108,007
Ending balance	2,237,388
Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	1,242,756
Ending balance	1,081,193
Repurchase Agreements
Debt Instrument [Roll Forward]
Borrowings	33,542,060
Repayments	(33,447,609)
Capitalized deferred financing costs, net of amortization	544
Repurchase Agreements | Excess MSRs
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | MSRs
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Servicer Advances
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Real Estate Securities
Debt Instrument [Roll Forward]
Borrowings	32,519,734
Repayments	(32,686,681)
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Borrowings	1,022,326
Repayments	(760,928)
Capitalized deferred financing costs, net of amortization	544
Repurchase Agreements | Consumer Loans
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Notes Payable
Debt Instrument [Roll Forward]
Borrowings	4,683,103
Repayments	(5,053,552)
Discount on borrowings, net of amortization	763
Capitalized deferred financing costs, net of amortization	(6,928)
Notes Payable | Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	483,978
Borrowings	0
Repayments	(286,440)
Discount on borrowings, net of amortization	0
Capitalized deferred financing costs, net of amortization	25
Ending balance	197,563
Notes Payable | MSRs
Debt Instrument [Roll Forward]
Borrowings	2,088,834
Repayments	(1,350,230)
Discount on borrowings, net of amortization	0
Capitalized deferred financing costs, net of amortization	(7,165)
Notes Payable | Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	4,060,156
Borrowings	2,594,269
Repayments	(3,121,736)
Discount on borrowings, net of amortization	21
Capitalized deferred financing costs, net of amortization	(68)
Ending balance	3,532,641
Notes Payable | Real Estate Securities
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Discount on borrowings, net of amortization	0
Capitalized deferred financing costs, net of amortization	0
Notes Payable | Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	(132,561)
Discount on borrowings, net of amortization	0
Capitalized deferred financing costs, net of amortization	0
Notes Payable | Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	1,242,756
Borrowings	0
Repayments	(162,585)
Discount on borrowings, net of amortization	742
Capitalized deferred financing costs, net of amortization	280
Ending balance	$ 1,081,193

DEBT OBLIGATIONS - Contractual

DEBT OBLIGATIONS - Contractual Maturities of Debt Obligations (Details) $ in Thousands	Jun. 30, 2018USD ($)
Debt maturing in:
July 1 through December 31, 2018	$ 8,252,495
2,019	1,650,367
2,020	824,179
2,021	2,658,678
2,022	501,220
2023 and thereafter	1,598,038
Total	15,484,977
Nonrecourse
Debt maturing in:
July 1 through December 31, 2018	0
2,019	931,902
2,020	824,179
2,021	1,824,701
2,022	73,442
2023 and thereafter	1,043,790
Total	4,698,014
Recourse
Debt maturing in:
July 1 through December 31, 2018	8,252,495
2,019	718,465
2,020	0
2,021	833,977
2,022	427,778
2023 and thereafter	554,248
Total	$ 10,786,963

DEBT OBLIGATIONS - Borrowing Ca

DEBT OBLIGATIONS - Borrowing Capacity (Details)	6 Months Ended
	Jun. 30, 2018USD ($)
Debt Instrument [Line Items]
Face amount of debt	$ 15,484,977,000
Non-Agency Bonds
Debt Instrument [Line Items]
Face amount of debt	86,299,855.86000000
Residential Mortgage Loans and REO
Debt Instrument [Line Items]
Borrowing Capacity	3,541,961,000
Balance Outstanding	2,230,692,000
Available Financing	1,311,269,000
Excess MSRs
Debt Instrument [Line Items]
Borrowing Capacity	150,000,000
Balance Outstanding	0
Available Financing	150,000,000
MSRs
Debt Instrument [Line Items]
Borrowing Capacity	975,000,000
Balance Outstanding	278,442,000
Available Financing	696,558,000
Servicer Advances
Debt Instrument [Line Items]
Borrowing Capacity	1,745,000,000
Balance Outstanding	1,275,406,000
Available Financing	$ 469,594,000
Unused borrowing capacity fee	0.10%
Consumer Loan
Debt Instrument [Line Items]
Borrowing Capacity	$ 150,000,000
Balance Outstanding	41,676,000
Available Financing	108,324,000
Debt Excess Borrowing Capacity
Debt Instrument [Line Items]
Borrowing Capacity	6,561,961,000
Balance Outstanding	3,826,216,000
Available Financing	$ 2,735,745,000

FAIR VALUE MEASUREMENT - Carryi

FAIR VALUE MEASUREMENT - Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments in:
Excess mortgage servicing rights, at fair value	$ 495,299	$ 1,173,713
Mortgage servicing rights financing receivables, at fair value	1,904,919	598,728
Real estate and other securities, available-for-sale	8,084,927	8,071,140
Derivative assets	10	2,423
Restricted cash	161,441	150,252
Liabilities
Derivative liabilities	7,811	$ 697
Recurring Basis
Investments in:
Excess mortgage servicing rights, principal balance	119,341,195
Excess mortgage servicing rights, equity method investees, principal balance	47,430,395
Mortgage servicing rights, principal balance	200,050,016
Mortgage servicing rights financing receivables, principal balance	151,659,091
Servicer advance investments, principal balance	692,323
Real estate and other securities, available-for-sale, principal balance	16,753,696
Residential mortgage loans, held-for-investment, principal balance	808,845
Residential mortgage loans, held-for-sale, principal balance	2,170,968
Consumer loans, held-for-investment, principal balance	1,216,350
Derivative assets	162,500
Cash and cash equivalents, principal balance	193,236
Restricted cash, principal balance	161,441
Liabilities
Repurchase agreements, principal balance	8,758,199
Notes and bonds payable, principal balance	6,726,778
Derivative liabilities, notional amount	7,527,900
Recurring Basis | Carrying Value
Investments in:
Excess mortgage servicing rights, at fair value	495,299
Excess mortgage servicing rights, equity method investees, at fair value	159,034
Mortgage servicing rights, at fair value	2,232,126
Mortgage servicing rights financing receivables, at fair value	1,904,919
Servicer advance investments, at fair value	843,438
Real estate and other securities, available-for-sale	8,084,927
Residential mortgage loans, held-for-investment	690,771
Residential mortgage loans, held-for-sale	2,021,319
Consumer loans, held-for-investment	1,212,917
Derivative assets	10
Cash and cash equivalents	193,236
Restricted cash	161,441
Other assets	36,819
Assets, fair value	18,036,256
Liabilities
Repurchase agreements	8,757,134
Notes and bonds payable	6,707,776
Derivative liabilities	7,811
Liabilities, fair value	15,472,721
Recurring Basis | Fair Value
Investments in:
Excess mortgage servicing rights, at fair value	495,299
Excess mortgage servicing rights, equity method investees, at fair value	159,034
Mortgage servicing rights, at fair value	2,232,126
Mortgage servicing rights financing receivables, at fair value	1,904,919
Servicer advance investments, at fair value	843,438
Real estate and other securities, available-for-sale	8,084,927
Residential mortgage loans, held-for-investment	701,529
Residential mortgage loans, held-for-sale	2,070,675
Consumer loans, held-for-investment	1,204,850
Derivative assets	10
Cash and cash equivalents	193,236
Restricted cash	161,441
Other assets	36,819
Assets, fair value	18,088,303
Liabilities
Repurchase agreements	8,758,199
Notes and bonds payable	6,688,414
Derivative liabilities	7,811
Liabilities, fair value	15,454,424
Recurring Basis | Fair Value | Level 1
Investments in:
Excess mortgage servicing rights, at fair value	0
Excess mortgage servicing rights, equity method investees, at fair value	0
Mortgage servicing rights, at fair value	0
Mortgage servicing rights financing receivables, at fair value	0
Servicer advance investments, at fair value	0
Real estate and other securities, available-for-sale	0
Residential mortgage loans, held-for-investment	0
Residential mortgage loans, held-for-sale	0
Consumer loans, held-for-investment	0
Derivative assets	0
Cash and cash equivalents	193,236
Restricted cash	161,441
Other assets	24,059
Assets, fair value	378,736
Liabilities
Repurchase agreements	0
Notes and bonds payable	0
Derivative liabilities	0
Liabilities, fair value	0
Recurring Basis | Fair Value | Level 2
Investments in:
Excess mortgage servicing rights, at fair value	0
Excess mortgage servicing rights, equity method investees, at fair value	0
Mortgage servicing rights, at fair value	0
Mortgage servicing rights financing receivables, at fair value	0
Servicer advance investments, at fair value	0
Real estate and other securities, available-for-sale	1,231,519
Residential mortgage loans, held-for-investment	0
Residential mortgage loans, held-for-sale	0
Consumer loans, held-for-investment	0
Derivative assets	10
Cash and cash equivalents	0
Restricted cash	0
Other assets	0
Assets, fair value	1,231,529
Liabilities
Repurchase agreements	8,758,199
Notes and bonds payable	0
Derivative liabilities	7,811
Liabilities, fair value	8,766,010
Recurring Basis | Fair Value | Level 3
Investments in:
Excess mortgage servicing rights, at fair value	495,299
Excess mortgage servicing rights, equity method investees, at fair value	159,034
Mortgage servicing rights, at fair value	2,232,126
Mortgage servicing rights financing receivables, at fair value	1,904,919
Servicer advance investments, at fair value	843,438
Real estate and other securities, available-for-sale	6,853,408
Residential mortgage loans, held-for-investment	701,529
Residential mortgage loans, held-for-sale	2,070,675
Consumer loans, held-for-investment	1,204,850
Derivative assets	0
Cash and cash equivalents	0
Restricted cash	0
Other assets	12,760
Assets, fair value	16,478,038
Liabilities
Repurchase agreements	0
Notes and bonds payable	6,688,414
Derivative liabilities	0
Liabilities, fair value	$ 6,688,414

FAIR VALUE MEASUREMENT - Financ

FAIR VALUE MEASUREMENT - Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Non-Agency
Gains (losses) included in net income
Included in gain (loss) on settlement of investments, net	$ (600)
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	$ 13,681,878
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	(14,224)
Included in change in fair value of investments in excess mortgage servicing rights	(50,967)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	2,228
Included in servicing revenue, net	61,859
Included in change in fair value of investments in mortgage servicing rights financing receivables(D)	151,973
Included in change in fair value of servicer advance investments	(81,228)
Included in gain (loss) on settlement of investments, net	112,358
Included in other income (loss), net	8,264
Gains (losses) included in other comprehensive income	85,132
Interest income	210,472
Purchases, sales and repayments
Purchases	3,098,910
Proceeds from sales	(68,966)
Proceeds from repayments	(1,886,053)
New Ocwen Agreements (Note 5)	(2,823,412)
Balance, ending	12,488,224
Recurring Basis | Level 3 | Servicer Advances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	4,027,379
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') 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(D)	0
Included in change in fair value of servicer advance investments	(81,228)
Included in gain (loss) on settlement of investments, net	72,585
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	31,381
Purchases, sales and repayments
Purchases	1,340,237
Proceeds from sales	0
Proceeds from repayments	(1,344,078)
New Ocwen Agreements (Note 5)	(3,202,838)
Balance, ending	843,438
Recurring Basis | Level 3 | MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,735,504
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') 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	61,859
Included in change in fair value of investments in mortgage servicing rights financing receivables(D)	0
Included in change in fair value of servicer advance investments	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	434,763
Proceeds from sales	0
Proceeds from repayments	0
New Ocwen Agreements (Note 5)	0
Balance, ending	2,232,126
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	598,728
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') 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(D)	151,973
Included in change in fair value of servicer advance investments	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	138,993
Proceeds from sales	(2,768)
Proceeds from repayments	0
New Ocwen Agreements (Note 5)	1,017,993
Balance, ending	1,904,919
Recurring Basis | Level 3 | Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	5,974,789
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	(14,224)
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(D)	0
Included in change in fair value of servicer advance investments	0
Included in gain (loss) on settlement of investments, net	(644)
Included in other income (loss), net	4,804
Gains (losses) included in other comprehensive income	85,132
Interest income	158,348
Purchases, sales and repayments
Purchases	1,184,917
Proceeds from sales	(66,198)
Proceeds from repayments	(473,516)
New Ocwen Agreements (Note 5)	0
Balance, ending	6,853,408
Recurring Basis | Level 3 | MSRs Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	324,636
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	(7,617)
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(D)	0
Included in change in fair value of servicer advance investments	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	3,288
Gains (losses) included in other comprehensive income	0
Interest income	10,415
Purchases, sales and repayments
Purchases	0
Proceeds from sales	0
Proceeds from repayments	(31,151)
New Ocwen Agreements (Note 5)	0
Balance, ending	299,571
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	171,765
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') 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	2,228
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables(D)	0
Included in change in fair value of servicer advance investments	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	(14,959)
New Ocwen Agreements (Note 5)	0
Balance, ending	159,034
Recurring Basis | Level 3 | MSRs Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	849,077
Transfers from Level 3	0
Transfers to Level 3	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	(43,350)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables(D)	0
Included in change in fair value of servicer advance investments
Included in gain (loss) on settlement of investments, net	40,417
Included in other income (loss), net	172
Gains (losses) included in other comprehensive income	0
Interest income	10,328
Purchases, sales and repayments
Purchases	0
Proceeds from sales	0
Proceeds from repayments	(22,349)
New Ocwen Agreements (Note 5)	(638,567)
Balance, ending	$ 195,728

FAIR VALUE MEASUREMENT - Inform

FAIR VALUE MEASUREMENT - Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	6 Months Ended
	Jun. 30, 2018$ / Loan
Agency | Weighted Average
Directly Held
Monthly cost per loan (in dollars per loan)	7.43
Non-Agency | Mortgage Servicing Rights Financing Receivables | Weighted Average
Directly Held
Monthly cost per loan (in dollars per loan)	11.84
Ginnie Mae | Mortgage Servicing Rights Financing Receivables | Weighted Average
Directly Held
Monthly cost per loan (in dollars per loan)	9.63
Prepayment Rate | Excess MSRs
Directly Held
Servicing asset, measurement input	0.095
Prepayment Rate | Agency | MSRs
Directly Held
Servicing asset, measurement input	0.093
Prepayment Rate | Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.092
Prepayment Rate | Non-Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.095
Prepayment Rate | Ginnie Mae | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Directly Held | Excess MSRs
Directly Held
Servicing asset, measurement input	0.096
Prepayment Rate | Directly Held | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.095
Prepayment Rate | Directly Held | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.078
Prepayment Rate | Directly Held | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.073
Prepayment Rate | Directly Held | Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.088
Prepayment Rate | Directly Held | Non-Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.116
Prepayment Rate | Directly Held | Non-Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.067
Prepayment Rate | Directly Held | Non-Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.067
Prepayment Rate | Directly Held | Non-Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.107
Prepayment Rate | Held through Equity Method Investees | Excess MSRs
Directly Held
Servicing asset, measurement input	0.093
Prepayment Rate | Held through Equity Method Investees | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.108
Prepayment Rate | Held through Equity Method Investees | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.079
Prepayment Rate | Held through Equity Method Investees | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.079
Delinquency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.039
Delinquency | Agency | MSRs
Directly Held
Servicing asset, measurement input	0.013
Delinquency | Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.012
Delinquency | Non-Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.150
Delinquency | Ginnie Mae | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.052
Delinquency | Directly Held | Excess MSRs
Directly Held
Servicing asset, measurement input	0.034
Delinquency | Directly Held | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.029
Delinquency | Directly Held | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.044
Delinquency | Directly Held | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.044
Delinquency | Directly Held | Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.034
Delinquency | Held through Equity Method Investees | Excess MSRs
Directly Held
Servicing asset, measurement input	0.047
Delinquency | Held through Equity Method Investees | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.048
Delinquency | Held through Equity Method Investees | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.046
Delinquency | Held through Equity Method Investees | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.046
Recapture Rate | Excess MSRs
Directly Held
Servicing asset, measurement input	0.266
Recapture Rate | Agency | MSRs
Directly Held
Servicing asset, measurement input	0.238
Recapture Rate | Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.139
Recapture Rate | Non-Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.050
Recapture Rate | Ginnie Mae | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.308
Recapture Rate | Directly Held | Excess MSRs
Directly Held
Servicing asset, measurement input	0.240
Recapture Rate | Directly Held | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.305
Recapture Rate | Directly Held | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.267
Recapture Rate | Directly Held | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.264
Recapture Rate | Directly Held | Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.291
Recapture Rate | Directly Held | Non-Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.153
Recapture Rate | Directly Held | Non-Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.198
Recapture Rate | Directly Held | Non-Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.197
Recapture Rate | Directly Held | Non-Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.161
Recapture Rate | Held through Equity Method Investees | Excess MSRs
Directly Held
Servicing asset, measurement input	0.308
Recapture Rate | Held through Equity Method Investees | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.324
Recapture Rate | Held through Equity Method Investees | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.293
Recapture Rate | Held through Equity Method Investees | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.292
Servicing Amount Percent | Excess MSRs
Directly Held
Servicing asset, measurement input	0.002
Servicing Amount Percent | MSRs
Directly Held
Servicing asset, measurement input	0.0027
Servicing Amount Percent | Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.0027
Servicing Amount Percent | Non-Agency | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.0045
Servicing Amount Percent | Ginnie Mae | Mortgage Servicing Rights Financing Receivables
Directly Held
Servicing asset, measurement input	0.0027
Servicing Amount Percent | Directly Held | Excess MSRs
Directly Held
Servicing asset, measurement input	0.0019
Servicing Amount Percent | Directly Held | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.0021
Servicing Amount Percent | Directly Held | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.0022
Servicing Amount Percent | Directly Held | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.0021
Servicing Amount Percent | Directly Held | Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.0021
Servicing Amount Percent | Directly Held | Non-Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.0015
Servicing Amount Percent | Directly Held | Non-Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.0022
Servicing Amount Percent | Directly Held | Non-Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.0020
Servicing Amount Percent | Directly Held | Non-Agency | Excess MSRs
Directly Held
Servicing asset, measurement input	0.0016
Servicing Amount Percent | Held through Equity Method Investees | Excess MSRs
Directly Held
Servicing asset, measurement input	0.0021
Servicing Amount Percent | Held through Equity Method Investees | Agency | Original Pools
Directly Held
Servicing asset, measurement input	0.0019
Servicing Amount Percent | Held through Equity Method Investees | Agency | Recaptured Pools
Directly Held
Servicing asset, measurement input	0.0023
Servicing Amount Percent | Held through Equity Method Investees | Agency | Recapture Agreements
Directly Held
Servicing asset, measurement input	0.0023
Collateral Weighted Average Maturity (Years) | Excess MSRs | Weighted Average
Directly Held
Servicing asset, term	23 years
Collateral Weighted Average Maturity (Years) | Agency | MSRs | Weighted Average
Directly Held
Servicing asset, term	22 years
Collateral Weighted Average Maturity (Years) | Agency | Mortgage Servicing Rights Financing Receivables | Weighted Average
Directly Held
Servicing asset, term	20 years
Collateral Weighted Average Maturity (Years) | Non-Agency | Mortgage Servicing Rights Financing Receivables | Weighted Average
Directly Held
Servicing asset, term	26 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | Mortgage Servicing Rights Financing Receivables | Weighted Average
Directly Held
Servicing asset, term	28 years
Collateral Weighted Average Maturity (Years) | Directly Held | Excess MSRs | Weighted Average
Directly Held
Servicing asset, term	23 years
Collateral Weighted Average Maturity (Years) | Directly Held | Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, term	22 years
Collateral Weighted Average Maturity (Years) | Directly Held | Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, term	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Agency | Excess MSRs | Weighted Average
Directly Held
Servicing asset, term	23 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, term	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, term	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Excess MSRs | Weighted Average
Directly Held
Servicing asset, term	24 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Excess MSRs | Weighted Average
Directly Held
Servicing asset, term	22 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, term	21 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, term	24 years

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment	$ 4.2
Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value	$ 300
Minimum
Schedule of Equity Method Investments [Line Items]
Broker price discount	10.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Broker price discount	25.00%
Residential Mortgage Loans | Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value	$ 238.1
Real Estate Acquired in Satisfaction of Debt | Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value	78.9
Loans Held-for-sale and Held-for-investment
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment	4.4
Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment	$ 0.2
Mortgage Servicing Rights Financing Receivable
Schedule of Equity Method Investments [Line Items]
Discount rate	10.20%
MSRs
Schedule of Equity Method Investments [Line Items]
Discount rate	8.60%
MSRs | Excess MSRs Investees
Schedule of Equity Method Investments [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	8.80%
London Interbank Offered Rate (LIBOR) | Mortgage Servicing Rights Financing Receivable
Schedule of Equity Method Investments [Line Items]
Variable interest rate spread	0.90%

FAIR VALUE MEASUREMENT - Inf113

FAIR VALUE MEASUREMENT - Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances	6 Months Ended
	Jun. 30, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	1.50%
Mortgage servicing amount	0.00195
Mortgage servicing amount	0.92%
Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.120
Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.184
Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.058
Collateral Weighted Average Maturity (Years) | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, term	23 years 2 months 23 days

FAIR VALUE MEASUREMENT - Securi

FAIR VALUE MEASUREMENT - Securities Valuation Methodology and Results (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)source
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	$ 16,753,696
Amortized Cost Basis	7,619,444
Total Fair Value	$ 8,084,927
Number of broker quotation sources | source	2
Percent of securities	80.20%
Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	$ 8,078,893
Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	6,034
Single Quote | Seller
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	6,000
Agency RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	1,205,334
Amortized Cost Basis	1,231,112
Agency RMBS | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	1,231,519
Agency RMBS | Level 2 | Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	1,231,519
Agency RMBS | Level 2 | Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	0
Non-Agency RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	15,548,362
Amortized Cost Basis	6,388,332
Fair Value	5,496,584
Non-Agency RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	6,853,408
Non-Agency RMBS | Level 3 | Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	6,847,374
Non-Agency RMBS | Level 3 | Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Total Fair Value	$ 6,034
Minimum | Non-Agency RMBS | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.0266
Minimum | Non-Agency RMBS | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.0025
Minimum | Non-Agency RMBS | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.0015
Minimum | Non-Agency RMBS | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.050
Maximum | Non-Agency RMBS | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.3000
Maximum | Non-Agency RMBS | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.2000
Maximum | Non-Agency RMBS | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.0900
Maximum | Non-Agency RMBS | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	1

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	Jun. 30, 2018USD ($)
Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.049
Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, term	4 years 9 months 18 days
Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.071
Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.037
Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.322
Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.046
Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, term	5 years 1 month 14 days
Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.079
Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.039
Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.327
Non-Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.066
Non-Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, term	3 years 2 months 8 days
Non-Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.030
Non-Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.029
Non-Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Residential mortgage loans held for sale, measurement input	0.300
Fair Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 271,131
Fair Value | Performing Loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	225,840
Fair Value | Non-Performing Loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 45,291

EQUITY AND EARNINGS PER SHARE -

EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 21, 2018	Jun. 30, 2018	Jan. 31, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Issuance of common stock (in shares)			28,800,000
Shares issued, price per share (in dollars per share)			$ 17.10
Issuance of common stock			$ 482,300			$ 482,696	$ 835,465
Options granted (in shares)			2,900,000
Stock issued for services, value			$ 3,800
Risk free interest rate			2.58%
Expected dividend rate			9.86%
Expected volatility rate			23.16%
Expected term (in years)			10 years
Dividend declared per Share of Common Stock (in dollars per share)	$ 0.50			$ 0.5	$ 0.5	$ 1	$ 0.98
Dividends	$ 169,900					$ 337,999	$ 301,196
Options exercised (in shares)		15,803,216				15,803,216
Common stock, shares outstanding (in shares)		339,862,769		339,862,769		339,862,769		307,361,309
Share price (in dollars per share)		$ 17.49		$ 17.49		$ 17.49
Diluted common stock equivalent, shares outstanding, adjustment (in shares)						3,112,055	1,845,375
Fortress-managed funds
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Common stock, shares outstanding (in shares)		500,000		500,000		500,000
Common Stock
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Issuance of common stock (in shares)						28,750,000	56,545,787
Options exercised (in shares)						3,694,228

EQUITY AND EARNINGS PER SHAR117

EQUITY AND EARNINGS PER SHARE - Options Outstanding by Issuance (Details)	Jun. 30, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	5,573,972
Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	4,037,056
Issued to the Manager and subsequently transferred to certain of the Manager’s employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	1,530,916
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	6,000
Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	5,573,972

EQUITY AND EARNINGS PER SHAR118

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	5,573,972
Options exercisable (in shares)	6,000
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	6,000
Stock Options | Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	Various
Number of unexercised options (in shares)	6,000
Options exercisable (in shares)	6,000
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.49
Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) | $	$ 0
Stock Options | Manager | 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2,016
Number of unexercised options (in shares)	533,334
Options exercisable (in shares)	0
Weighted average exercise price (in dollars per share) | $ / shares	$ 0
Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) | $	$ 0
Stock Options | Manager | 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2,017
Number of unexercised options (in shares)	2,638,804
Options exercisable (in shares)	0
Weighted average exercise price (in dollars per share) | $ / shares	$ 0
Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) | $	$ 0
Stock Options | Manager | 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2,018
Number of unexercised options (in shares)	2,395,834
Options exercisable (in shares)	0
Weighted average exercise price (in dollars per share) | $ / shares	$ 0
Intrinsic Value of Exercisable Options as of June 30, 2018 (millions) | $	$ 0
Options Granted in 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	400,000
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.70
Options Granted in 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,130,916
Weighted average exercise price (in dollars per share) | $ / shares	$ 14.50
Options Assigned
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,530,916

EQUITY AND EARNINGS PER SHAR119

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options (Details) - $ / shares	1 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, Outstanding options (in shares)		18,502,188
Options granted (in shares)		2,875,000
Options exercised (in shares)	(15,803,216)	(15,803,216)
Options expired unexercised (in shares)		0
Ending balance, Outstanding options (in shares)	5,573,972	5,573,972
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, granted (in dollars per share)		$ 17.10
Weighted average exercise price, exercised (in dollars per share)		$ 14.30

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Jun. 30, 2018USD ($)
Unfunded Loan Commitment | Consumer Portfolio Segment | Consumer Loan Companies
Loss Contingencies [Line Items]
Financing receivable	$ 181.2

TRANSACTIONS WITH AFFILIATES121

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Related Party Transaction [Line Items]
Management agreement, renewal term (in years)	1 year
Termination fee, number of months' pay (in months)	12 months
Proportion of directors' votes needed to terminate	0.6667
Accruals for MSR Fund Payments	$ 0.1
Amount of securities transferred to MSR Fund Payments	$ 0.2
Nationstar | Credit Concentration Risk | Investment Interest Income - Excess MSRs
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	99.20%
Nationstar | Credit Concentration Risk | Investment Interest Income - MSRs
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	26.00%
Nationstar | Credit Concentration Risk | Investment Interest Income - Servicer Advances
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	97.00%
Manager
Related Party Transaction [Line Items]
Management fee rate (percent)	1.50%
Incentive compensation percentage	25.00%
Interest rate for incentive compensation	10.00%
Nationstar | Residential Mortgage
Related Party Transaction [Line Items]
Unpaid Principal Balance	$ 961.1
Nationstar | Real Estate Owned
Related Party Transaction [Line Items]
Unpaid balance of real estate owned	9.6
Nationstar | Non-Agency
Related Party Transaction [Line Items]
Face amount of investment	3,400
Unpaid Principal Balance	$ 20,000
Redemption premium percentage	0.75%
Nationstar | Agency RMBS
Related Party Transaction [Line Items]
Face amount of investment	$ 38.3

TRANSACTIONS WITH AFFILIATES122

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Schedule of Affiliate Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Due to affiliates	$ 48,648		$ 48,648		$ 88,961
Management fees	15,453	$ 14,186	30,563	$ 27,260
Incentive compensation	26,732	40,172	41,321	52,632
Manager
Related Party Transaction [Line Items]
Management fees	5,156		5,156		4,734
Incentive compensation	41,321		41,321		81,373
Expense reimbursements and other	2,171		2,171		2,854
Due to affiliates	48,648		48,648		$ 88,961
Management fees	15,453	14,186	30,563	27,260
Incentive compensation	26,732	40,172	41,321	52,632
Expense reimbursements	125	125	250	250
Total payments to affiliate	$ 42,310	$ 54,483	$ 72,134	$ 80,142

RECLASSIFICATION FROM ACCUMU123

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other-than-temporary impairment (OTTI) on securities	$ 12,631	$ 5,115	$ 19,301	$ 7,227
Total reclassifications	21,362	(16,142)	57,259	(15,023)
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on settlement of investments, net	(8,731)	21,257	(37,958)	22,250
Other-than-temporary impairment (OTTI) on securities	$ 12,631	$ 5,115	$ 19,301	$ 7,227

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Current:
Federal	$ (1,100)	$ 503	$ 608	$ 2,611
State and Local	251	153	687	223
Total Current Income Tax Expense (Benefit)	(849)	656	1,295	2,834
Deferred:
Federal	(2,955)	73,330	(11,628)	76,076
State and Local	1,196	8,858	813	9,530
Total Deferred Income Tax Expense (Benefit)	(1,759)	82,188	(10,815)	85,606
Total Income Tax Expense (Benefit)	(2,608)	$ 82,844	(9,520)	$ 88,440
Deferred income tax asset, net	$ 8,400		$ 8,400

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event $ in Millions	Jul. 03, 2018USD ($)earnout_payment
Subsequent Event [Line Items]
Number of earnout payments | earnout_payment	3
Shellpoint Acquisition
Subsequent Event [Line Items]
Business acquisition purchase price	$ 212
NRM Acquisition LLC | ShellPoint
Subsequent Event [Line Items]
Earnout payment, maximum amount	$ 60
Earnout payments, percent allocated to sellers	92.00%
Earnout payments, percent allocated to long-term employee incentive plan	8.00%