Rithm Capital (RITM) 10-K 20 Feb 20 2019 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Feb. 18, 2020	Jun. 30, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-35777
Entity Registrant Name	New Residential Investment Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3449660
Entity Address, Address Line One	1345 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	(212)
Local Phone Number	798-3150
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4.7
Entity Common Stock, Shares Outstanding		415,551,820
Documents Incorporated by Reference	The information required by Part III (Items 10, 11, 12, 13 and 14) will be incorporated by reference from the registrant’s Definitive Proxy Statement for its 2020 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
Entity Central Index Key	0001556593
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	NRZ
Security Exchange Name	NYSE
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	NRZ PR A
Security Exchange Name	NYSE
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	NRZ PR B
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value		$ 379,747	$ 447,860
Excess mortgage servicing rights, equity method investees, at fair value		125,596	147,964
Mortgage servicing rights, at fair value		3,967,960	2,884,100
Mortgage servicing rights financing receivables, at fair value		1,718,273	1,644,504
Servicer advance investments, at fair value	[1]	581,777	735,846
Real estate and other securities, available-for-sale		19,477,728	11,636,581
Residential mortgage loans, held-for-investment (includes $108,630 and $121,088 at fair value at December 31, 2019 and December 31, 2018, respectively)	[1]	925,706	735,329
Residential mortgage loans, held-for-sale		1,429,052	932,480
Residential mortgage loans, held-for-sale, at fair value		4,613,612	2,808,529
Consumer loans, held-for-investment	[1]	827,545	1,072,202
Cash and cash equivalents	[1]	528,737	251,058
Restricted cash		162,197	164,020
Servicer advances receivable		3,301,374	3,277,796
Trades receivable		5,256,014	3,925,198
Deferred tax asset, net		8,669	65,832
Other assets (includes $172,336 and $121,602 in residential mortgage loans subject to repurchase at December 31, 2019 and December 31,2018, respectively)		1,559,467	961,714
Total assets		44,863,454	31,691,013
Liabilities
Repurchase agreements		27,916,225	15,553,969
Notes and bonds payable (includes $659,715 and $117,048 at fair value at December 31, 2019 and December 31, 2018, respectively)	[1]	7,720,148	7,102,266
Trades payable		902,081	2,048,348
Due to affiliates		103,882	101,471
Dividends payable		211,732	184,552
Accrued expenses and other liabilities (includes $172,336 and $121,602 in residential mortgage loans repurchase liabilities at December 31, 2019 and December 31,2018, respectively)	[1]	773,126	612,112
Total liabilities		37,627,194	25,602,718
Commitments and Contingencies
Equity
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 415,520,780 and 369,104,429 issued and outstanding at December 31, 2019 and December 31, 2018, respectively		4,156	3,692
Additional paid-in capital		5,498,226	4,746,242
Retained earnings		549,733	830,713
Accumulated other comprehensive income (loss)		682,151	417,023
Total New Residential stockholders’ equity		7,157,710	5,997,670
Noncontrolling interests in equity of consolidated subsidiaries		78,550	90,625
Total Equity		7,236,260	6,088,295
Total Liabilities And Equity		44,863,454	31,691,013
7.50% Series A Preferred Stock, $0.01 par value, 11,500,000 shares authorized, 6,210,000 and 0 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Equity
Series A and Series B Preferred Stock		150,026	0
7.125% Series B Preferred Stock, $0.01 par value, 11,500,000 shares authorized, 11,300,000 and 0 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Equity
Series A and Series B Preferred Stock		$ 273,418	$ 0
[1]	See Note 14 regarding consolidated VIEs.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Residential mortgage loans, held-for-investment, fair value	$ 484,443	$ 121,088
Residential mortgage loans subject to repurchase	172,336	121,602
Notes and bonds payable, fair value	659,738	117,048
Accrued expenses and other liabilities	$ 172,336	$ 121,602
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000
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)	415,520,780	369,104,429
Common stock, shares outstanding (in shares)	415,520,780	369,104,429
7.50% Series A and 7.125% Series B Preferred Stock
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
7.50% Series A Preferred Stock, $0.01 par value, 11,500,000 shares authorized, 6,210,000 and 0 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Dividend interest rate	7.50%	7.50%
Preferred stock, shares authorized (in shares)	11,500,000	11,500,000
Preferred stock, shares issued (in shares)	6,210,000	0
Preferred stock, shares outstanding (in shares)	6,210,000	0
7.125% Series B Preferred Stock, $0.01 par value, 11,500,000 shares authorized, 11,300,000 and 0 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Dividend interest rate	7.125%	7.125%
Preferred stock, shares authorized (in shares)	11,500,000	11,500,000
Preferred stock, shares issued (in shares)	11,300,000	0
Preferred stock, shares outstanding (in shares)	11,300,000	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Interest income	$ 1,766,130	$ 1,664,223	$ 1,519,679
Interest expense	933,751	606,433	460,865
Net Interest Income	832,379	1,057,790	1,058,814
Impairment
Other-than-temporary impairment (OTTI) on securities	25,174	30,017	10,334
Valuation and loss provision, net on loans and real estate owned (REO)	10,403	60,624	75,758
Total Impairment Charges	35,577	90,641	86,092
Net interest income after impairment	796,802	967,149	972,722
Servicing revenue, net of change in fair value of $(712,950), $(191,245), and $(67,672), respectively	385,159	528,595	424,349
Gain on originated mortgage loans, held-for-sale, net	475,455	96,145	0
Other Income
Change in fair value of investments in excess mortgage servicing rights	(10,505)	(58,656)	4,322
Change in fair value of investments in excess mortgage servicing rights, equity method investees	6,800	8,357	12,617
Change in fair value of investments in mortgage servicing rights financing receivables	(189,023)	31,550	66,394
Change in fair value of servicer advance investments	10,288	(89,332)	84,418
Change in fair value of investments in residential mortgage loans	(70,914)	69,820	0
Change in fair value of derivative investments	(56,143)	(108,234)	(2,190)
Gain (loss) on settlement of investments, net	225,687	95,085	10,310
Earnings from investments in consumer loans, equity method investees	(1,438)	10,803	25,617
Other income (loss), net	44,149	(10,778)	6,298
Total Other Income	(41,099)	(51,385)	207,786
Operating Expenses
General and administrative expenses	538,035	231,579	67,159
Management fee to affiliate	79,472	62,594	55,634
Incentive compensation to affiliate	91,892	94,900	81,373
Loan servicing expense	31,737	43,547	52,330
Subservicing expense	227,482	176,784	166,081
Total Operating Expenses	968,618	609,404	422,577
Income (Loss) Before Income Taxes	647,699	931,100	1,182,280
Income tax (benefit) expense	41,766	(73,431)	167,628
Net Income (Loss)	605,933	1,004,531	1,014,652
Noncontrolling Interests in Income of Consolidated Subsidiaries	42,637	40,564	57,119
Dividends on Preferred Stock	13,281	0	0
Net income (loss) attributable to common stockholders	$ 550,015	$ 963,967	$ 957,533
Net Income Per Share of Common Stock
Basic (in dollars per share)	$ 1.35	$ 2.82	$ 3.17
Diluted (in dollars per share)	$ 1.34	$ 2.81	$ 3.15
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)	408,789,642	341,268,923	302,238,065
Diluted (in shares)	408,990,107	343,137,361	304,381,388
Dividends declared per Share of Common Stock (in dollars per share)	$ 2	$ 2	$ 1.98

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Servicing revenue, change in fair value	$ (712,950)	$ (191,245)	$ (67,672)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Comprehensive income (loss), net of tax
Net income	$ 605,933	$ 1,004,531	$ 1,014,652
Other comprehensive income (loss)
Net unrealized gain (loss) on securities	445,943	(7,397)	248,412
Reclassification of net realized (gain) loss on securities into earnings	(180,815)	59,953	(10,308)
Total other comprehensive income (loss)	265,128	52,556	238,104
Total comprehensive income	871,061	1,057,087	1,252,756
Comprehensive income attributable to noncontrolling interests	42,637	40,564	57,119
Dividends on Preferred Stock	13,281	0	0
Comprehensive income attributable to common stockholders	$ 815,143	$ 1,016,523	$ 1,195,637

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total New Residential Stockholders’ Equity	Noncontrolling Interests in Equity of Consolidated Subsidiaries	Common Stock	Common StockCommon Stock	Common StockAdditional Paid-in Capital	Common StockTotal New Residential Stockholders’ Equity	Preferred Stock	Preferred StockPreferred Stock	Preferred StockTotal New Residential Stockholders’ Equity
Balance, beginning at Dec. 31, 2016	$ 3,468,177	$ 0	$ 2,507	$ 2,920,730	$ 210,500	$ 126,363	$ 3,260,100	$ 208,077
Balance, beginning (in shares) at Dec. 31, 2016			250,773,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock	(608,557)				(608,557)		(608,557)
Capital distributions	(84,196)							(84,196)
Issuance stock (in shares)			56,545,787
Issuance of common and preferred stock	834,529		$ 566	833,963			834,529
Option exercise	(1,386)			(1,386)			(1,386)
Purchase of noncontrolling interests in the Buyer	(65,860)			9,183			9,183	(75,043)
Director share grants (in shares)			42,405
Director share grants	699		$ 1	698			699
Comprehensive income (loss)
Net income (loss)	1,014,652				957,533		957,533	57,119
Net unrealized gain (loss) on securities	248,412					248,412	248,412
Reclassification of net realized (gain) loss on securities into earnings	(10,308)					(10,308)	(10,308)
Total comprehensive income	1,252,756						1,195,637	57,119
Balance, ending at Dec. 31, 2017	4,796,162	0	$ 3,074	3,763,188	559,476	364,467	4,690,205	105,957
Balance, ending (in shares) at Dec. 31, 2017			307,361,309
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock	(692,730)				(692,730)		(692,730)
Capital distributions	(64,559)							(64,559)
Issuance stock (in shares)			57,991,659
Issuance of common and preferred stock	$ 982,062		$ 580	981,482			982,062
Option exercised (in shares)	15,803,216		3,694,228
Option exercise			$ 37	(37)
Purchase of noncontrolling interests in the Buyer	$ 9,316			653			653	8,663
Other dilution	(63)			(63)			(63)
Director share grants (in shares)			57,233
Director share grants	1,020		$ 1	1,019			1,020
Comprehensive income (loss)
Net income (loss)	1,004,531				963,967		963,967	40,564
Net unrealized gain (loss) on securities	(7,397)					(7,397)	(7,397)
Reclassification of net realized (gain) loss on securities into earnings	59,953					59,953	59,953
Total comprehensive income	1,057,087						1,016,523	40,564
Balance, ending at Dec. 31, 2018	6,088,295	0	$ 3,692	4,746,242	830,713	417,023	5,997,670	90,625
Balance, ending (in shares) at Dec. 31, 2018			369,104,429
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock	(830,995)				(830,995)		(830,995)
Dividends declared on preferred stock	(13,281)				(13,281)		(13,281)
Capital distributions	$ (54,712)							(54,712)
Issuance stock (in shares)										46,000,000
Issuance of common and preferred stock									$ 751,393	$ 460	$ 750,933	$ 751,393	$ 423,444	$ 423,444	$ 423,444
Option exercised (in shares)	2,041,222		348,613
Option exercise			$ 3	(3)
Director share grants (in shares)			67,738
Director share grants	$ 1,055		$ 1	1,054			1,055
Comprehensive income (loss)
Net income (loss)	605,933				563,296		563,296	42,637
Net unrealized gain (loss) on securities	445,943					445,943	445,943
Reclassification of net realized (gain) loss on securities into earnings	(180,815)					(180,815)	(180,815)
Total comprehensive income	871,061						828,424	42,637
Balance, ending at Dec. 31, 2019	$ 7,236,260	$ 423,444	$ 4,156	$ 5,498,226	$ 549,733	$ 682,151	$ 7,157,710	$ 78,550
Balance, ending (in shares) at Dec. 31, 2019			415,520,780

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Cash Flows From Operating Activities
Net income	$ 605,933	$ 1,004,531	$ 1,014,652
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	10,505	58,656	(4,322)
Change in fair value of investments in excess mortgage servicer rights, equity method investees	(6,800)	(8,357)	(12,617)
Change in fair value of investments in mortgage servicing rights financing receivables	189,023	(31,550)	(66,394)
Change in fair value of servicer advance investments	(10,288)	89,332	(84,418)
Change in fair value of residential mortgage loans, at fair value, and notes and bonds payable, at fair value	50,244	(68,929)	0
(Gain) / loss on settlement of investments, net	(225,687)	(95,085)	(10,310)
Gain on sale of originated mortgage loans, held-for-sale, net	(475,455)	(96,145)	0
Bargain Purchase Gain	(49,539)	0	0
Earnings from investments in consumer loans, equity method investees	1,438	(10,803)	(25,617)
Change in fair value of derivative instruments	56,143	108,234	2,190
Changes in fair value of contingent consideration	10,487	1,581	0
Unrealized (gain) / loss on other ABS	(2,101)	(10,283)	(2,883)
(Gain) / loss on transfer of loans to REO	(11,842)	(19,519)	(22,938)
(Gain) / loss on transfer of loans to other assets	1,144	1,977	(488)
(Gain) / loss on Excess MSR recapture agreements	(2,294)	(979)	(2,384)
(Gain) / loss on Ocwen common stock	(174)	10,860	(5,346)
Accretion and other amortization	(379,129)	(701,967)	(1,031,384)
Other-than-temporary impairment	25,174	30,017	10,334
Valuation and loss provision, net on loans and real estate owned (REO)	10,403	60,624	75,758
Non-cash portions of servicing revenue, net	712,950	191,245	67,672
Non-cash directors’ compensation	1,055	1,020	699
Deferred tax provision	52,991	(80,054)	168,518
Changes in:
Servicer advances receivable, net	218,217	381,400	(30,688)
Other assets	(338,300)	(193,681)	(32,174)
Due to affiliates	2,411	12,510	41,613
Accrued expenses and other liabilities	182,153	186,311	26,081
Other operating cash flows:
Interest received from excess mortgage servicing rights	34,050	45,947	79,612
Interest received from servicer advance investments	28,437	33,821	168,595
Interest received from Non-Agency RMBS	264,694	219,704	211,599
Interest received from PCD residential mortgage loans, held-for-investment	8,485	8,962	8,021
Interest received from PCD consumer loans, held-for-investment	30,588	36,660	52,372
Distributions of earnings, equity method investees	8,999	11,059	13,668
Purchases of residential mortgage loans, held-for-sale	(8,610,511)	(5,767,172)	(5,135,700)
Origination of residential mortgage loans, held-for-sale	(19,411,150)	(3,385,868)	0
Proceeds from sales of purchased and originated residential mortgage loans, held-for-sale	24,968,751	6,546,613	3,514,108
Principal repayments from purchased residential mortgage loans, held-for-sale	417,840	194,038	106,213
Net cash provided by (used in) operating activities	(1,622,548)	(1,229,114)	(899,718)
Cash Flows From Investing Activities
Business Acquisitions, net of cash acquired	(1,223,233)	(123,185)	0
Purchase of servicer advance investments	(1,622,808)	(2,306,043)	(12,168,519)
Purchase of Non-Agency RMBS	(885,629)	(2,969,308)	(2,570,753)
Purchase of derivatives	0	0	(2,350)
Purchase of real estate owned and other assets	(68,024)	(33,377)	(38,127)
Purchase of investment in consumer loans, equity method investees	(64,499)	(308,050)	(470,344)
Purchase of commercial real estate, equity method investees	0	(75,000)	0
Draws on revolving consumer loans	(54,375)	(63,971)	(56,321)
Payments for settlement of derivatives	(300,771)	(172,152)	(164,025)
Return of investments in excess mortgage servicing rights	48,444	53,055	172,395
Return of investments in equity method investments	92,748	300,056	393,722
Principal repayments from servicer advance investments	1,786,394	2,421,334	13,820,019
Principal repayments from Agency RMBS	2,085,283	111,202	107,666
Principal repayments from Non-Agency RMBS	1,294,010	939,690	815,451
Principal repayments from residential mortgage loans	113,602	147,403	94,807
Proceeds from sale of residential mortgage loans	41,622	25,511	13,313
Principal repayments from consumer loans	261,456	311,222	401,403
Principal repayments from MSRs and MSR financing receivables	51,470	0	0
Proceeds from sale of mortgage servicing rights	24,528	13,248
Proceeds from sale of excess mortgage servicing rights	10,095	19,064	13,505
Proceeds from sale of Agency RMBS	22,173,505	7,528,490	8,880,766
Proceeds from sale of Non-Agency RMBS	1,950,384	86,443	182,384
Proceeds from settlement of derivatives	108,472	242,422	126,319
Proceeds from sale of real estate owned	138,910	140,301	86,241
Net cash used in investing activities	(10,948,515)	(5,171,090)	(1,777,579)
Cash Flows From Financing Activities
Repayments of repurchase agreements	(230,954,107)	(93,214,286)	(54,289,124)
Margin deposits under repurchase agreements and derivatives	(4,567,677)	(1,934,868)	(1,056,408)
Repayments of notes and bonds payable	(9,307,033)	(9,892,659)	(8,971,523)
Payment of deferred financing fees	(6,705)	(12,498)	(6,610)
Common stock dividends paid	(807,788)	(661,859)	(570,232)
Preferred shareholders stock dividends paid	(9,334)	0	0
Borrowings under repurchase agreements	243,316,628	99,662,678	57,762,563
Return of margin deposits under repurchase agreements and derivatives	4,365,946	1,733,387	1,058,791
Borrowings under notes and bonds payable	9,706,864	9,770,909	8,057,720
Issuance of preferred stock	423,444	0	0
Issuance of common stock	752,217	983,149	835,465
Costs related to issuance of common stock	(824)	(1,087)	(936)
Noncontrolling interest in equity of consolidated subsidiaries - contributions	0	0	0
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(54,712)	(64,559)	(84,196)
Payment of contingent consideration	(10,000)	0	0
Purchase of noncontrolling interests in the Buyer	0	925	(65,860)
Net cash provided by financing activities	12,846,919	6,369,232	2,669,650
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	275,856	(30,972)	(7,647)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	415,078	446,050	453,697
Cash, Cash Equivalents, and Restricted Cash, End of Period	690,934	415,078	446,050
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	902,466	564,722	442,287
Cash paid during the period for income taxes	1,479	5,012	5,021
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid	211,732	184,552	153,681
Transfer from residential mortgage loans to real estate owned and other assets	95,640	109,527	141,968
Transfer from residential mortgage loans, held-for-investment to residential mortgage loans, held-for-sale	9,136	23,080	23,080
Contingent consideration	55,222	40,842
Ditech effective settlement of Preexisting Relationships	4,919	0	0
Real estate securities retained from loan securitizations	1,171,959	900,491	403,270
Residential mortgage loans subject to repurchase	172,336	121,602	0
Ocwen transaction (Note 6) - excess mortgage servicing rights	0	638,567	71,982
Ocwen transaction (Note 6) - servicer advance investments	0	3,175,891	481,220
Ocwen transaction (Note 6) - mortgage servicing rights financing receivables, at fair value	0	1,017,993	64,450
Mortgage Servicing Rights and Servicer Advances
Cash Flows From Investing Activities
Purchase of MSRs, MSR financing receivables and servicer advance receivables	(1,450,375)	(1,194,467)	(1,661,608)
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase price holdback	(25,245)	(697)	40,854
Agency Residential Mortgage Backed Securities
Cash Flows From Investing Activities
Purchase of Agency RMBS	(35,479,893)	(10,200,299)	(9,165,868)
Mortgage-backed Securities, Issued by Private Enterprises
Cash Flows From Investing Activities
Purchase of residential mortgage loans	0	(85,778)	(609,627)
MSRs
Cash Flows From Investing Activities
Proceeds from sale of mortgage servicing rights	1,539	5,776	0
Loans and Finance Receivables
Cash Flows From Investing Activities
Proceeds from sale of mortgage servicing rights	22,989	7,472	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase of Agency and Non-Agency RMBS, settled after year end	902,081	2,048,348	1,169,896
Sale of investments, primarily Agency RMBS, settled after year end	5,256,014	3,925,198	1,030,850
Consumer Loans
Other operating cash flows:
Distributions of earnings, equity method investees	8,607	6,176	6,240
Excess MSRs Investees
Cash Flows From Investing Activities
Return of investments in equity method investments	20,169	21,099	21,972
LoanCo
Supplemental Schedule of Non-Cash Investing and Financing Activities
Non-cash distributions from LoanCo	0	25,739	44,587
Shellpoint Acquisition
Cash Flows From Financing Activities
Payment of contingent consideration	(10,000)
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase price holdback	0	8,173	0
Contingent consideration	0	39,300	0
Guardian Acquisition
Supplemental Schedule of Non-Cash Investing and Financing Activities
Contingent consideration	$ 13,893	$ 0	$ 0

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION New Residential Investment Corp. (together with its subsidiaries, “New Residential”, or “the Company”) 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. 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 19 - Income Taxes, for additional information regarding New Residential’s taxable REIT subsidiaries. New Residential, through its wholly-owned subsidiaries New Residential Mortgage LLC (“NRM”) and NewRez LLC (“NewRez”), is licensed or otherwise eligible to service residential mortgage loans in all states within the United States and the District of Columbia. Each of NRM and NewRez is also approved to service mortgage loans on behalf of investors, including the Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”) (collectively, Government Sponsored Enterprises or “GSEs”) and, solely in the case of NewRez, Government National Mortgage Association (“Ginnie Mae”). NewRez is also eligible to perform servicing on behalf of other servicers (subservicing). NewRez originates, sells and securitizes conventional (conforming to the underwriting standards of Fannie Mae or Freddie Mac; collectively referred to as “Agency” loans), government-insured (Federal Housing Administration (“FHA”) and Department of Veterans Affairs (“VA”)), and U.S. Department of Agriculture (“USDA”) and non-qualified (“Non-QM”) residential mortgage loans. The GSEs or Ginnie Mae guarantee securitizations completed under their applicable policies and guidelines. New Residential generally retains the right to service the underlying residential mortgage loans sold and securitized by NewRez. NRM and NewRez are required to conduct aspects of their operations in accordance with applicable policies and guidelines published by FHA, Fannie Mae and Freddie Mac in order to maintain those approvals. 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. As of December 31, 2019 , New Residential conducted its business through the following segments: (i) Origination, (ii) Servicing, (iii) MSR Related Investments, (iv) Residential Securities and Loans, (v) Consumer Loans and (vi) Corporate. Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, as of December 31, 2019 . In addition, Fortress, through its affiliates, held options relating to approximately 10.5 million shares of New Residential’s common stock as of December 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting — The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP’’ or “US GAAP”). The consolidated financial statements include the accounts of New Residential and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. New Residential consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity, as well as those entities deemed to be variable interest entities (“VIEs”) in which New Residential is determined to be the primary beneficiary. For entities over which New Residential exercises significant influence, but which do not meet the requirements for consolidation, New Residential uses the equity method of accounting whereby it records its share of the underlying income of such entities. Distributions from equity method investees are classified in the Statements of Cash Flows based on the cumulative earnings approach, where all distributions up to cumulative earnings are classified as distributions of earnings. Certain prior period amounts have been reclassified to conform to the current period’s presentation. Risks and Uncertainties — In the normal course of business, New Residential encounters primarily two significant types of economic risk: credit and market. Credit risk 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. Market risk reflects changes in the value of investments due to changes in prepayment rates, interest rates, spreads or other market factors, including risks that impact the value of the collateral underlying New Residential’s investments. New Residential believes that the carrying values of its investments are reasonable taking into consideration these risks along with estimated prepayments, financings, collateral values, payment histories, and other information. Furthermore, for each of the periods presented, a significant portion of New Residential’s assets are dependent on its servicers’ and subservicers’ ability to perform their obligations servicing the loans underlying New Residential’s Excess MSRs, MSRs, MSR Financing Receivables, Servicer Advance Investments, Non-Agency RMBS and loans. If a servicer is terminated, New Residential’s right to receive its portion of the cash flows related to interests in servicing related assets may also be terminated. Additionally, New Residential is subject to significant tax risks. If New Residential were to fail to qualify as a REIT in any taxable year, New Residential would be subject to U.S. federal corporate income tax (including any applicable alternative minimum tax), which could be material. Unless entitled to relief under certain statutory provisions, New Residential would also be disqualified from treatment as a REIT for the four taxable years following the year during which qualification is lost. Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Comprehensive Income — Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. For New Residential’s purposes, comprehensive income represents net income, as presented in the Consolidated Statements of Income, adjusted for unrealized gains or losses on securities available for sale. INCOME RECOGNITION Investments in Excess Mortgage Servicing Rights — Excess MSRs are aggregated into pools as applicable; each pool of Excess MSRs is accounted for in the aggregate. Interest income for Excess MSRs is accreted into interest income on an effective yield or “interest” method, based upon the expected excess mortgage servicing amount through the expected life of the underlying mortgages. Changes to expected cash flows result in a cumulative retrospective adjustment, which will be recorded in the period in which the change in expected cash flows occurs. Under the retrospective method, the interest income recognized for a reporting period is measured as the difference between the amortized cost basis at the end of the period and the amortized cost basis at the beginning of the period, plus any cash received during the period. The amortized cost basis is calculated as the present value of estimated future cash flows using an effective yield, which is the yield that equates all past actual and current estimated future cash flows to the initial investment. In addition, New Residential’s policy is to recognize interest income only on its Excess MSRs in existing eligible underlying mortgages. The difference between the fair value of Excess MSRs and their amortized cost basis is recorded as “Change in fair value of investments in excess mortgage servicing rights.” Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the Excess MSRs, and therefore may differ from their effective yields. Investments in MSRs — MSRs are aggregated into pools as applicable; each pool of MSRs is accounted for in the aggregate. Income from MSRs is recorded in “Servicing revenue, net” and is comprised of three components: (i) income receivable from the MSRs, less (ii) amortization of the basis of the MSRs, plus or minus (iii) the mark-to-market on the MSRs. Amortization of the basis of the MSRs is based on the remaining UPB of the residential mortgage loans underlying the MSRs relative to their UPB at acquisition. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the MSRs. Investments in MSR Financing Receivables — 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 records 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 Consolidated Statements of Income. Servicer Advance Investments — New Residential accounts for its Servicer Advance Investments similarly to its investments in Excess MSRs. Interest income for Servicer Advance Investments is accreted into interest income on an effective yield or “interest” method, based upon the expected aggregate cash flows of the Servicer Advance Investments, including the basic fee component of the related MSR (but excluding any Excess MSR component) through the expected life of the underlying mortgages, net of a portion of the basic fee component of the MSR that New Residential remits to the servicer as compensation for the servicer’s servicing activities. Changes to expected cash flows result in a cumulative retrospective adjustment, which will be recorded in the period in which the change in expected cash flows occurs. Refer to “—Investments in Excess Mortgage Servicing Rights” for a description of the retrospective method. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the Servicer Advance Investments, and therefore may differ from their effective yields. Investments in Real Estate and Other Securities — Discounts or premiums are accreted into interest income on an effective yield or “interest” method, based upon a comparison of actual and expected cash flows, through the expected maturity date of the security. For securities acquired at a discount for credit quality (i.e., where it is probable at acquisition that New Residential will not collect all contractually required interest and principal repayments), the difference between contractual cash flows and expected cash flows at acquisition is not accreted (non-accretable difference). For these securities, the excess of expected cash flows over the carrying value (accretable yield) is recognized as interest income on an effective yield basis. Depending on the nature of the investment, changes to expected cash flows may result in a prospective change to yield or a retrospective change which would include a catch up adjustment. Deferred fees and costs, if any, are recognized as an adjustment to the interest income over the terms of the securities using the interest method. Upon settlement of securities, the specific identification method is used to determine the excess (or deficiency) of net proceeds over the net carrying value of such security recognized as a realized gain (or loss) in the period of settlement. Investments in Residential Mortgage Loans, REO and Consumer Loans — New Residential evaluates the credit quality of its loans, as of the acquisition date, for evidence of credit quality deterioration. Loans with evidence of credit deterioration since their origination, and where it is probable that New Residential will not collect all contractually required principal and interest payments, are Purchased Credit Deteriorated (“PCD”) loans. At acquisition, New Residential aggregates PCD loans into pools based on common risk characteristics and the aggregated loans are accounted for as if each pool were a single loan with a single composite interest rate and an aggregate expectation of cash flows. The excess of the total cash flows (both principal and interest) expected to be collected over the carrying value of the PCD loans is referred to as the accretable yield. This amount is not reported on New Residential’s Consolidated Balance Sheets but is accreted into interest income at a level rate of return over the remaining estimated life of the pool of loans. Loans where New Residential expects to collect all contractually required principal and interest payments are considered performing loans. Interest income on performing loans is accrued and recognized as interest income at their effective yield, which includes contractual interest and the amortization of purchase price discount or premium and deferred fees or expenses, and considers anticipated prepayment rates. Loans acquired with the intent to sell and loans not acquired with the intent to sell that New Residential decides to sell are classified as held-for-sale. Loans held-for-sale are measured at the lower of cost or fair value, with valuation changes recorded in impairment. Purchase price discounts or premiums are deferred in a contra loan account until the related loan is sold. The deferred discounts or premiums are an adjustment to the basis of the loan and are included in the quarterly determination of the lower of cost or fair value adjustments and/or the gain or loss recognized at the time of sale. Residential mortgage loans, held-for-sale, at fair value are originated or acquired loans for which New Residential has elected to account for at fair value. Accordingly, we estimate the fair value of the residential mortgage loans, held-for-sale, at fair value at each reporting date and reflect the change in the fair value in the Consolidated Statements of Income. For originated residential mortgage loans measured at fair value, we report the change in the fair value within gain on originated mortgage loans, held-for-sale, net in the consolidated statements of income. Fair value is generally determined using a market approach by utilizing either: (i) the fair value of securities backed by similar mortgage loans, adjusted for certain factors to approximate the fair value of a whole mortgage loan, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. For acquired residential mortgage loans measured at fair value, we report the change in the fair value within change in fair value of investments in residential mortgage loans in the consolidated statements of income. Fair value is generally determined by discounting the expected future cash flows using inputs such as default rates, prepayment speeds and discount rates. Interest earned on residential mortgage loans measured at fair value are reported in other income. Real estate owned (“REO”) assets are those individual properties acquired by New Residential or where New Residential receives the property in satisfaction of a debt (e.g., by taking legal title or physical possession). New Residential measures REO assets at the lower of cost or fair value, with valuation changes recorded in other income or impairment, as applicable. Impairment of Securities — Securities are considered to be impaired when it is probable that New Residential will be unable to collect all principal or interest when due according to the contractual terms of the original agreements, or for securities purchased at a discount for credit quality or that represent retained beneficial interests in securitizations, when New Residential determines that it is probable that it will be unable to collect as anticipated. The evaluation of a security’s estimated cash flows includes the following, as applicable: (i) review of the credit of the issuer or borrower, (ii) review of the credit rating of the security, (iii) review of the key terms of the security or underlying loans, (iv) review of the performance of the underlying loans, including debt service coverage and loan to value ratios, (v) analysis of the value of the underlying loans, (vi) analysis of the effect of local, industry and broader economic factors, and (vii) analysis of historical and anticipated trends in defaults, loss severities and prepayments for similar securities or underlying loans. New Residential must record a write down if it has the intent to sell a given security in an unrealized loss position, or if it is more likely than not that it will be required to sell such a security. Upon determination of impairment, New Residential records a direct write down for securities based on the estimated fair value of the security or underlying collateral using a discounted cash flow analysis or based on an observable market value. Subsequent to a determination of impairment, and a related write down, income on securities is accrued on an effective yield method from the new carrying value to the related expected cash flows, with cash received treated as a reduction of basis. Impairment of Loans — To the extent that they are classified as held-for-investment, New Residential must periodically evaluate each of these loans or loan pools for possible impairment. Impairment is indicated when it is deemed probable that New Residential will be unable to collect all amounts due according to the contractual terms of the loan, or for PCD loans, when it is deemed probable that New Residential will be unable to collect as anticipated. Upon determination of impairment, New Residential establishes an allowance for loan losses with a corresponding charge to earnings. Performing loans are aggregated into pools for the evaluation of impairment based on like characteristics, such as loan type and acquisition date. Pools of loans are evaluated based on criteria such as an analysis of borrower performance, credit ratings of borrowers, loan to value ratios, the estimated value of the underlying collateral, if any, the key terms of the loans and historical and anticipated trends in defaults and loss severities for the type and seasoning of loans being evaluated. This information is used to estimate provisions for estimated unidentified incurred losses on pools of loans. Significant judgment is required in determining impairment and in estimating the resulting loss allowance. For PCD loans, New Residential estimates the total cash flows expected to be collected over the remaining life of each pool. Probable decreases in expected cash flows trigger the recognition of impairment. Impairments are recognized through the provision for loans and an increase in the allowance for loan losses. Probable and significant increases in expected cash flows would first reverse any previously recorded allowance for loan losses with any remaining increases recognized prospectively as a yield adjustment over the remaining estimated lives of the underlying loans. A loan is determined to be past due when a monthly payment is due and unpaid for 30 days or more. Loans, other than PCD loans, are placed on nonaccrual status and considered non-performing when full payment of principal and interest is in doubt, which generally occurs when principal or interest is 120 days or more past due unless the loan is both well secured and in the process of collection. A loan may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loan. New Residential’s ability to recognize interest income on nonaccrual loans as cash interest payments are received rather than as a reduction of the carrying value of the loans is based on the recorded loan balance being deemed fully collectible. Loans held-for-sale are subject to the nonaccrual policy described above, however, as loans held-for-sale are recognized at the lower of cost or fair value, New Residential’s allowance for loan losses and charge-off policies do not apply to these loans. Accretion and Other Amortization — As reflected on the consolidated statements of cash flows, this item is comprised of the following: Year Ended December 31, 2019 2018 2017 Accretion of net discount on securities and loans (A) $ 323,652 $ 452,500 $ 398,213 Accretion of servicer advances receivable discount and servicer advance investments 28,094 214,876 542,983 Accretion of excess mortgage servicing rights income 32,647 44,440 103,053 Amortization of deferred financing costs (4,019 ) (7,795 ) (12,076 ) Amortization of discount on notes and bonds payable (1,245 ) (2,054 ) (789 ) $ 379,129 $ 701,967 $ 1,031,384 (A) Includes accretion of the accretable yield on PCD loans. Other Income (Loss), Net — This item is comprised of the following: Year Ended December 31, 2019 2018 2017 Unrealized gain (loss) on other ABS $ 2,101 $ 10,283 $ 2,883 Unrealized gain (loss) on notes and bonds payable (1,236 ) (684 ) — Unrealized gain (loss) on contingent consideration (10,487 ) (1,581 ) — Gain (loss) on transfer of loans to REO 11,842 19,519 22,938 Gain (loss) on transfer of loans to other assets (1,144 ) (1,977 ) 488 Gain (loss) on Excess MSR recapture agreements 2,294 979 2,384 Gain (loss) on Ocwen common stock 174 (10,860 ) 5,346 Bargain Purchase Gain (A) 49,539 — — Rental and Ancillary Revenue 21,181 — — Other income (loss) (30,115 ) (26,457 ) (27,741 ) $ 44,149 $ (10,778 ) $ 6,298 (A) Partly driven by certain transition, integration, relocation and training costs incurred by the Ditech Acquisition (Note 3). Gain (Loss) on Settlement of Investments, Net — This item is comprised of the following: Year Ended December 31, 2019 2018 2017 Gain (loss) on sale of real estate securities, net $ 205,989 $ (29,936 ) $ 20,642 Gain (loss) on sale of acquired residential mortgage loans, net 153,174 (7,677 ) 39,731 Gain (loss) on settlement of derivatives (129,923 ) 54,867 (39,214 ) Gain (loss) on liquidated residential mortgage loans (4,872 ) (3,734 ) (10,201 ) Gain (loss) on sale of REO (11,521 ) (12,424 ) (9,215 ) Gains on settlement of investments in excess MSRs and servicer advance investments — 113,002 11,320 Other gains (losses) 12,840 (19,013 ) (2,753 ) $ 225,687 $ 95,085 $ 10,310 EXPENSE RECOGNITION Interest Expense — New Residential finances certain investments using floating rate repurchase agreements and loans. Interest is expensed as incurred. General and Administrative Expenses, Loan Servicing Expense and Subservicing Expense — General and administrative expense primarily include employee compensation, legal fees, audit fees, insurance premiums, and other costs, as well as loan servicing and subservicing expenses, and are expensed as incurred. General and Administrative Expenses is comprised of the following: Year Ended December 31, 2019 2018 2017 Compensation and benefits expense, servicing $ 121,004 $ 47,084 $ 184 Compensation and benefits expense, origination 164,485 62,786 — Legal and professional expense 89,489 45,234 40,182 Loan origination expense 59,418 16,050 — Occupancy expense 19,388 8,868 — Other (A) 84,251 51,557 26,793 $ 538,035 $ 231,579 $ 67,159 (A) Represents miscellaneous general and administrative expenses. Management Fee and Incentive Compensation to Affiliate — These represent amounts due to the Manager pursuant to the Management Agreement. For further information on the Management Agreement, see Note 17. BALANCE SHEET MEASUREMENT Investments in Servicing Related Assets — Servicing related assets consist of New Residential’s Excess MSRs, MSRs, MSR Financing Receivables, and Servicer Advance Investments. Upon acquisition, New Residential has elected to record each of such investments at fair value. New Residential elected to record its investments at fair value in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on servicing related assets. Under this election, New Residential records a valuation adjustment on its investments in servicing related assets on a quarterly basis to recognize the changes in fair value in net income as described in “Income Recognition — Investments in Excess Mortgage Servicing Rights,” “Income Recognition — Investments in MSRs” and “Income Recognition — Servicer Advance Investments.” The Company recognizes MSRs created through the sale of loans it originates. Under the accounting guidance for transfers and servicing, the Company initially measures a mortgage servicing asset that qualifies for separate recognition at fair value on the date of transfer. Investments in Real Estate and Other Securities — New Residential has classified its investments in real estate and other securities as available for sale. Securities available for sale are carried at market value with the net unrealized gains or losses reported as a separate component of accumulated other comprehensive income, to the extent impairment losses are considered temporary. At disposition, the net realized gain or loss is determined on the basis of the amortized cost of the specific investments and is included in earnings. Unrealized losses on securities are charged to earnings if they reflect a decline in value that is other-than-temporary. Investments in Residential Mortgage Loans and Consumer Loans — Loans for which New Residential has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are classified as held-for-investment. Performing loans held-for-investment are presented at the aggregate unpaid principal balance adjusted for any unamortized premium or discount, deferred fees or expenses, an allowance for loan losses, charge-offs and write-down for impaired loans. PCD loans held-for-investment are initially recorded at their purchase price at acquisition and are subsequently measured net of any allowance for loan losses. To the extent that the loans are classified as held-for-investment, New Residential periodically evaluates such loans for possible impairment as described in “—Impairment of Loans.” Loans which New Residential does not have the intent or the ability to hold into the foreseeable future are considered held-for-sale and are either carried at (i) the lower of their amortized cost basis or fair value or (ii) fair value where elected. New Residential discontinues the accretion of discounts or amortization of premiums on loans if they are reclassified from held-for-investment to held-for-sale. Mortgage Loan Repurchases — NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez, holds an option to repurchase delinquent loans from the securitization at its discretion (the “Ginnie Mae Buy-Back Option”). In accordance with the accounting guidance in ASC 860, NewRez recognizes any delinquent loans subject to the Ginnie Mae Buy-Back Option and an offsetting repurchase liability on its balance sheet regardless of whether NewRez executes its option to repurchase. Cash and Cash Equivalents and Restricted Cash — New Residential considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits. As of December 31, 2019 and 2018 , New Residential held: (i) $64.0 million and $60.0 million , respectively, of restricted cash related to the financing of servicer advances that has been pledged to the note holders for interest and fees payable, (ii) $0.0 million and $1.9 million , respectively, of restricted cash related to financing requirements of the corporate notes secured by Excess MSRs (Note 12), (iii) $4.7 million and $4.1 million , respectively, of restricted cash related to Ginnie Mae Excess MSRs, (iv) $32.4 million and $37.6 million , respectively, of restricted cash related to the financing of consumer loans, and (v) $61.1 million and $60.4 million , respectively, of restricted cash related to MSRs. Servicer Advances Receivable — Represents servicer advances due to New Residential’s servicer subsidiary, NRM (Note 6). The servicer advances receivable purchased in conjunction with MSRs are recorded with purchase discounts. Subsequent advances are recorded at cost, subject to impairment. Any related purchase discounts are accreted into servicing revenue, net (MSRs) or interest income (MSR financing receivables) on a straight-line basis over the estimated weighted average life of the advances. Income Taxes — New Residential operates so as to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended. Requirements for qualification as a REIT include various restrictions on ownership of New Residential’s stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders (subject to certain adjustments). Distributions may extend until timely filing of New Residential’s tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities of New Residential are conducted through taxable REIT subsidiaries (“TRSs”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. New Residential recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the consolidated statements of operations. Other Assets and Other Liabilities — Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities December 31, December 31, 2019 2018 2019 2018 Margin receivable, net (A) $ 280,176 $ 145,857 MSRs purchase price holdback 75,348 100,593 Servicing fee receivables 159,607 105,563 Interest payable 68,668 49,352 Due from servicers 163,961 95,261 Accounts payable 119,771 75,591 Principal and interest receivable 85,191 76,015 Derivative liabilities (Note 11) 6,885 29,389 Equity investment (B) 114,763 74,323 Due to servicers 127,846 95,419 Other receivables 117,045 23,723 Residential mortgage loan repurchase liability 172,336 121,602 Real Estate Owned 93,672 113,410 Contingent Consideration 55,222 40,842 Single-family rental properties 24,133 — Accrued Compensation and Benefits 41,228 17,656 Residential mortgage loans subject to repurchase 172,336 121,602 Excess spread financing, at fair value 31,777 39,304 Consumer loans, equity method investees (Note 10) — 38,294 Operating lease liability 38,520 — Goodwill 29,737 24,645 Reserve for sales recourse 12,549 5,880 Notes Receivable (D) 37,001 — Other liabilities 22,976 36,484 Warrants 28,042 — $ 773,126 $ 612,112 Recovery asset (E) 23,100 — Property and equipment 18,018 11,263 Receivable from government agency (C) 19,670 20,795 Intangible assets 40,963 18,708 Prepaid expenses 19,249 29,165 Operating lease right-of-use asset 32,120 — Derivative assets (Note 11) 41,501 10,893 Ocwen common stock, at fair value 7,952 7,778 Other assets 51,230 44,419 $ 1,559,467 $ 961,714 (A) Represents collateral posted primarily as a result of changes in fair value of our 1) real estate securities securing our repurchase agreements and 2) derivative instruments. (B) Represents equity investments in funds that invest in 1) a commercial redevelopment project and 2) operating companies in the single family housing industry. The indirect investments are accounted for at fair value based on the net asset value (“NAV”) of New Residential’s investment and as an equity method investment, respectively. (C) Represents claims receivable from the FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (D) Represents a four-year subordinated debt facility to Covius (Note 3). (E) Represents post loan charge off deficiency balances acquired through the Ditech Acquisition (Note 3). Goodwill — As a result of the Shellpoint and Guardian acquisitions, New Residential recorded goodwill for the consideration transferred in excess of the fair value of the net identifiable assets acquired. New Residential performs an annual assessment of goodwill on October 1 and in interim periods in case of events or circumstances that make it more likely than not that an impairment may have occurred. New Residential did not recognize any impairment this year. Intangible Assets — As a result of the Shellpoint, Guardian and Ditech acquisitions, New Residential identified intangible assets in the form of licenses, customer relationships, business relationships, and tradename. New Residential recorded the intangible assets at fair value at the acquisition date and will amortize the value of finite lived intangibles into expense over the expected useful life. The licenses acquired as part of the Shellpoint acquisition and the tradename acquired as part of the Guardian acquisition were deemed to have an indefinite useful life and will be evaluated for impairment on a quarterly basis and the fair value will be assessed annually and in interim periods if indicators of impairment exist. New Residential performs an annual assessment of impairment on October 1 and in interim periods in case of events or circumstances that make it more likely than not that an impairment may have occurred. New Residential did not recognize any impairment this year. Repurchase Agreements and Notes and Bonds Payable — New Residential’s repurchase agreements are generally short-term

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
BUSINESS ACQUISITIONS	BUSINESS ACQUISITIONS New Residential completed the Shellpoint acquisition in 2018 and the Guardian and Ditech acquisitions in 2019 as part of its strategy to expand its residential origination, servicing and asset management capabilities. New Residential accounted for these transactions using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at fair value as of the acquisition date. In a business combination, the initial allocation of the purchase price is considered preliminary and therefore subject to change until the end of the measurement period (up to one year from the acquisition date). Goodwill is calculated as the excess of the purchase price over the net assets recognized and represents synergies and benefits expected to result from combining operations and adding in-house servicing, asset origination and recapture capabilities. Purchase Price Allocation New Residential has performed an allocation of the total consideration paid to acquire the assets and liabilities of the companies acquired, as set forth below. 2019 2018 Ditech Guardian Total Shellpoint Total Consideration ($ in millions) $ 1,218.2 $ 21.5 $ 1,239.7 $ 425.5 Assets Mortgage servicing rights, at fair value (A) $ 387.2 $ — $ 387.2 $ 286.6 Residential mortgage loans, held-for-investment, at fair value — — — 125.3 Residential mortgage loans, held-for-sale, at fair value 627.4 — 627.4 488.2 Residential mortgage loans subject to repurchase — — — 121.4 Cash and cash equivalents — 1.8 1.8 79.2 Restricted cash — — — 9.9 Servicer Advance Receivable 238.0 — 238.0 22.4 Intangible assets (B) (C) (D) 10.5 11.7 22.2 18.4 Other assets (E) 64.8 6.6 71.4 59.1 Total Assets Acquired $ 1,327.9 $ 20.1 $ 1,348.0 $ 1,210.5 Liabilities Repurchase agreements $ — $ — $ — $ 439.6 Notes and bonds payable — — — 20.7 Mortgage-backed securities issued, at fair value — — — 120.7 Residential mortgage loans repurchase liability — — — 121.4 Excess spread financing, at fair value — — — 48.3 Accrued expenses and other liabilities 60.2 3.7 63.9 50.6 Total Liabilities Assumed $ 60.2 $ 3.7 $ 63.9 $ 801.3 Noncontrolling Interest $ — $ — $ — $ 8.3 Net Assets $ 1,267.7 $ 16.4 $ 1,284.1 $ 400.9 Goodwill (Bargain Purchase Gain) $ (49.5 ) $ 5.1 $ (44.4 ) $ 24.6 (A) Includes $135.3 million of Ginnie Mae MSRs related to the Shellpoint acquisition where New Residential acquired the rights to the economic value of the servicing rights from Shellpoint prior to the acquisition date. (B) Includes intangible assets acquired as part of the Ditech acquisition in the form of correspondent customer relationships and servicing contracts tied to the recovery of defaulted loans. These intangibles will be amortized over a finite life of three years based on the expected useful life of these intangibles. (C) Includes intangible assets acquired as part of the Guardian acquisition in the form of customer relationships and a tradename. Customer relationships will be amortized over a finite life of seven years based on the expected useful life of these intangibles. New Residential has determined that the tradename has an indefinite useful life and will be evaluated for impairment given no legal, regulatory, contractual, competitive or economic factors that would limited useful life. (D) Includes intangible assets acquired as part of the Shellpoint acquisition in the form of mortgage origination and servicing licenses, internally developed software and a tradename. New Residential determined that mortgage origination and servicing licenses have an indefinite useful life and will be evaluated for impairment given no legal, regulatory, contractual, competitive or economic factors that would limit the useful life. Internally developed software will be amortized over a finite useful life of five years and tradenames were fully amortized over six months , respectively, based on the expected software development timeline and New Residential’s determination of the time to change a tradename with limited value. (E) Includes post loan charge off deficiency balances acquired through the Ditech Acquisition. Throughout the measurement period for the Ditech and Guardian acquisitions, the allocation of total consideration may differ from the amounts included herein to reflect new information obtained, primarily related to the valuation of intangible assets acquired as part of both acquisitions. Any measurement period adjustments that New Residential identifies and determines to be material will be applied retrospectively to the period of acquisition, as well as any applicable subsequent periods. Acquisition of select Assets and Liabilities from Ditech Holding Corporation On June 17, 2019, New Residential, entered into a “stalking-horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation, a Maryland corporation (“Holding”), and Ditech Financial LLC, a Delaware limited liability company (“Financial” and together with Holding, the “Sellers” or “Ditech”) to acquire certain assets and assume certain liabilities under the APA based on the value of the acquired assets and assumed liabilities as calculated in accordance with the terms of the APA, subject to certain adjustments. Ditech filed voluntary petitions for relief under Chapter 11 of the Bankruptcy code, in the United States Bankruptcy Court for the Southern District of New York (“Bankruptcy Court”). The proposed sale was conducted through a Bankruptcy Court-supervised process, subject to Bankruptcy Court-approved bidding procedures, with the potential receipt of higher or better offers from competing bidders at auction, the approval of the sale by the Bankruptcy Court, and the satisfaction of certain conditions. As the stalking horse bidder, the Company’s offer to acquire the assets and assume the liabilities, as set forth in the APA, set the standard by which any other qualifying bids would be evaluated. Upon conclusion of the competitive bidding process, Ditech decided to proceed with New Residential’s stalking horse bid, as amended and sought the Bankruptcy Court’s approval. On October 1, 2019, New Residential Investment Corp (“Ditech Purchaser”) completed the acquisition (“Ditech Acquisition”) contemplated by the APA dated June 17, 2019, as amended, by and among the Ditech Purchaser and Ditech. Pursuant to the APA, Ditech sold, transferred, and assigned to the Ditech Purchaser (and its certain designated subsidiaries) the acquired assets, as defined in the APA, and the Ditech Purchaser (and its certain designated subsidiaries) assumed the liabilities, as defined in the APA, for cash consideration of $1.2 billion . The acquisition included certain Fannie Mae, Ginnie Mae and non-agency MSRs, the servicer advance receivables relating to such MSRs and other assets core to certain origination and servicing businesses at Ditech. Additionally, New Residential assumed certain Ditech office spaces and added approximately 1,100 Ditech employees to support the increase in volume to its existing origination and servicing operations. The acquisition of assets from the bankruptcy estate of Ditech along with the subsequent hiring of Ditech employees was accounted for as a business acquisition rather than an asset acquisition. Upon completing the Ditech Acquisition, the consideration transferred by the Ditech Purchaser for the acquired assets and assumed liabilities was determined to be less than the net assets acquired from Ditech resulting in an economic gain (“Bargain Purchase”). New Residential completed the required reassessment to validate that all assets acquired and liabilities assumed on the acquisition date had been identified and appropriately measured in accordance with ASC 805. Based on the reassessment, the transaction resulted in a Bargain Purchase gain of $49.5 million , which has been included in Other income (loss), net within the Consolidated Statements of Income for the year ended December 31, 2019 . The Bargain Purchase gain resulted from certain transition, integration, relocation and training costs that were factored into the purchase price and identified as future liabilities, of which approximately $22.9 million were incurred during the year ended December 31, 2019 . The results of Ditech’s operations have been included in New Residential’s Consolidated Statements of Income for the year ended December 31, 2019 from the date of acquisition and represent $134.5 million and $104.7 million of revenue and net income, respectively. The acquisition date fair value of the consideration transferred includes $1.2 billion in cash consideration and $4.9 million in effective settlement of preexisting relationships. The total consideration is summarized as follows: Total Consideration (in millions) Amount Cash Consideration $ 1,213.3 Effective Settlement of Preexisting Relationships (A) 4.9 Total Consideration $ 1,218.2 (A) Represents the effective settlement of preexisting relationships between New Residential and Ditech related to operating accounts receivable and payable existing prior to the acquisition date. The effective settlement of these preexisting relationships had no impact to New Residential’s Consolidated Statements of Income. New Residential recognized the effective settlement of preexisting relationships separately from the acquisition of assets and assumption of liabilities in the business combination. Unaudited Supplemental Pro Forma Financial Information — The following table presents unaudited pro forma combined Servicing and Origination Revenue, which is comprised of 1) servicing revenue, net and 2) gain on originated mortgage loans, held-for-sale, net, and Income Before Income Taxes for the years ended December 31, 2019 and 2018 prepared as if the Ditech Acquisition had been consummated on January 1, 2018. Years Ended December 31, 2019 2018 Pro Forma (in millions) Servicing and Origination Revenue $ 1,104.0 $ 1,238.1 Income Before Income Taxes 552.8 923.3 The unaudited supplemental pro forma financial information has not been adjusted for transactions other than the Ditech Acquisition, or for the conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Ditech Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Ditech Acquisition occurred on January 1, 2018. Acquisition of Guardian Asset Management On August 19, 2019, NRZ Guardian Purchaser LLC (“Guardian Purchaser”), entered into an agreement to acquire 100% of the shares of DDG RE Investments LLC d/b/a Guardian Asset Management (“Guardian”). On September 3, 2019, the Guardian Purchaser acquired 100% of the outstanding interests of Guardian for cash consideration of $7.6 million (“Guardian Acquisition”). As additional consideration for the Guardian Acquisition, the Guardian Purchaser may make up to four cash earnout payments, which will be calculated as the amount of cumulative Guardian earnings on specified contracts in excess of certain thresholds up to a maximum of $17.5 million (the “Guardian Earnout Payments”). The Guardian Earnout Payments are classified as contingent consideration recorded at fair value at the acquisition date and included in the total consideration transferred for the Guardian Acquisition. The contingent consideration is subsequently measured at fair value on a quarterly basis with changes in fair value recorded in Other income (loss), net. Guardian is a field services and asset management business and provides New Residential with in-house property management, inspection and repair service capabilities. The results of Guardian's operations have been included in New Residential's Consolidated Statements of Income for the year ended December 31, 2019 from the date of acquisition and represent $14.4 million and $2.9 million of revenue and net income, respectively. The acquisition date fair value of the consideration transferred includes $7.6 million in cash consideration and $13.9 million in contingent consideration. The total consideration is summarized as follows: Total Consideration (in millions) Amount Cash Consideration $ 7.6 Earnout Payment (A) 13.9 Total Consideration $ 21.5 (A) The range of outcomes for this contingent consideration is from $0 to $17.5 million dependent on the performance of Guardian. The goodwill of $5.1 million primarily includes the benefits expected to result from adding in-house property management and repair services has been allocated to the Servicing reporting segment. The full amount of goodwill of $5.1 million is expected to be deductible for tax purposes. New Residential will assess the goodwill annually on October 1 and in interim periods in case of events or circumstances make it more likely than not that an impairment may have occurred. Based on New Residential’s assessment performed, there were no indicators of impairment as of December 31, 2019 . Unaudited Supplemental Pro Forma Financial Information — The following table presents unaudited pro forma combined Income Before Income Taxes for the years ended December 31, 2019 and 2018 prepared as if the Guardian Acquisition had been consummated on January 1, 2018. Years Ended December 31, 2019 2018 Pro Forma (in millions) Income Before Income Taxes $ 651.5 $ 932.2 The unaudited supplemental pro forma financial information has not been adjusted for transactions other than the Guardian Acquisition, or for the conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Guardian Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Guardian Acquisition occurred on January 1, 2018. Acquisition of Shellpoint Partners LLC On November 29, 2017, NRM Acquisition LLC (the “Shellpoint Purchaser”), a Delaware limited liability company and a wholly owned subsidiary of New Residential, entered into a Securities Purchase Agreement (the “Shellpoint SPA”) to acquire Shellpoint Partners LLC, a Delaware limited liability company (“Shellpoint”). Shellpoint is a vertically integrated mortgage platform with established origination and servicing capabilities and provides New Residential with in-house servicing, asset origination and recapture capabilities. On July 3, 2018, the Shellpoint Purchaser acquired 100% of the outstanding equity interests of Shellpoint for a cash purchase price of $212.3 million (the “Shellpoint Acquisition”). As additional consideration for the Shellpoint Acquisition, the Shellpoint Purchaser may 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”). The Shellpoint Earnout Payments are classified as contingent consideration recorded at fair value at the acquisition date and included in the total consideration transferred for the Shellpoint Acquisition. The contingent consideration is subsequently measured at fair value on a quarterly basis with changes in fair value recorded in Other income (loss), net. As of December 31, 2019 , New Residential had paid out $10.0 million of the Shellpoint Earnout Payments and is expected to pay the remaining amounts by September 2021. Once a payment has been made the sellers have no requirement to refund the payment even if the business does not exceed the specified thresholds in subsequent periods. The results of Shellpoint’s operations have been included in the Company’s Consolidated Statements of Income for the years ended December 31, 2019 and 2018 and represent $780.7 million and $177.4 million of revenue and $359.0 million and $26.8 million of net income, respectively. The acquisition date fair value of the consideration transferred includes $212.3 million in cash consideration, $39.3 million in contingent consideration and $173.9 million in effective settlement of preexisting relationships. The total consideration is summarized as follows: Total Consideration (in millions) Amount Cash Consideration $ 212.3 Earnout Payment (A) 39.3 Effective Settlement of Preexisting Relationships (B) 173.9 Total Consideration $ 425.5 (A) The range of outcomes for this contingent consideration is from $0 to $60.0 million , dependent on the performance of Shellpoint. At acquisition date, New Residential derived a fair value of the remaining contingent consideration payment in three years of $39.3 million . This amount excludes contingent payments to the long-term employee incentive plans that require continuing employment and are recognized as compensation expense within General and Administrative expenses in the post-acquisition consolidated financial statements separate from New Residential’s acquisition of assets and assumption of liabilities in the business combination. As of December 31, 2019 , the contingent consideration had a fair value of $40.9 million . (B) Represents the effective settlement of preexisting relationships between New Residential and Shellpoint. The effective settlement of these preexisting relationships had no impact to New Residential’s Consolidated Statements of Income. The final amount and allocation of total consideration reflects certain measurement period adjustments identified during the fourth quarter of 2018, including the effect on earnings that would have been recorded during the third quarter of 2018 had the accounting been completed at the acquisition date. Such measurement period adjustments included 1) a decrease of $3.5 million in the amount of contingent consideration based upon finalization of the internal valuation, 2) a decrease of $6.4 million to consideration transferred for the effective settlement of existing relationships, 3) an increase of $14.1 million to the fair value of identifiable intangible assets based upon receipt of the final valuation report from a third-party valuation firm, and 4) an increase of $0.3 million to other assets due to a decrease in the fair value discount on certain servicing advance receivables. These measurement period adjustments resulted in a corresponding decrease to goodwill in the amount of $24.3 million . The goodwill of $24.6 million primarily includes the synergies and benefits expected to result from combining operations with Shellpoint and adding in-house servicing, asset origination and recapture capabilities and has been allocated to the Servicing and Origination reporting segment. The full amount of goodwill for tax purposes of $24.6 million is expected to be deductible. New Residential will assess the goodwill annually on October 1 and in interim periods in case of events or circumstances make it more likely than not that an impairment may have occurred. Based on New Residential’s assessment performed, there were no indicators of impairment as of December 31, 2019 . Certain transactions were recognized separately from New Residential’s acquisition of assets and assumption of liabilities in the business combination. These separately recognized transactions include 1) contingent payments to Shellpoint’s employees and 2) effective settlement of preexisting relationships discussed above, including 1) MSR acquisitions, 2) a note payable and 3) operating accounts receivable and payable existing prior to the acquisition date. Unaudited Supplemental Pro Forma Financial Information — The following table presents unaudited pro forma combined Servicing and Origination Revenue, which is comprised of 1) servicing revenue, net and 2) gain on originated mortgage loans, held-for-sale, net, and Income Before Income Taxes for the years ended December 31, 2018 and 2017 prepared as if the Shellpoint Acquisition had been consummated on January 1, 2017. Years Ended December 31, 2018 2017 Pro Forma (in millions) Servicing and Origination Revenue $ 767.0 $ 749.0 Income Before Income Taxes 948.1 1,197.5 The unaudited supplemental pro forma financial information has not been adjusted for transactions other than the Shellpoint Acquisition, or for the conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Shellpoint Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Shellpoint Acquisition occurred on January 1, 2017. Strategic Investment in Covius Holdings Inc. On May 1, 2019, New Residential made a strategic investment in Covius, a leading provider of technology-enabled services to the mortgage industry. Covius provides settlement and title, document and letter fulfillment, regulatory compliance, quality assurance, commercial and residential loan due diligence and business process automation services. New Residential invested $27.3 million in common stock for a non-controlling interest in Covius, with an option to increase its ownership position through specified future investments and $35.0 million in a four-year subordinated debt facility. New Residential determined that the investment should be accounted for under the equity method of accounting since it has the ability to exercise significant influence over the investee’s operating and financial policies. As the consideration transferred for the investment was greater than the net equity of the investment (“basis differences”), the company allocated the basis difference in a manner consistent with business combination accounting resulting in goodwill of $11.8 million , and intangible assets primarily in the form of customer backlog and tradename of $ 3.6 million . Goodwill and intangibles are included as part of Equity investments within Other assets on the Consolidated Balance Sheets. The results of the investment have been included in New Residential's Consolidated Statements of Income for the year ended December 31, 2019 from the date of the Company’s investment. The goodwill of $11.8 million primarily includes the benefits expected to result from having a significant investment in the service provider and has been allocated to the MSR Related Investments reporting segment. None of the goodwill is expected to be deductible for tax purposes. New Residential will assess the goodwill annually on October 1 and in interim periods in case of events or circumstances make it more likely than not that an impairment may have occurred. Based on New Residential’s assessment performed, there were no indicators of impairment as of December 31, 2019

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING New Residential’s portfolio consists of the following segments: (i) Origination, (ii) Servicing, (iii) MSR Related Investments, (iv) Residential Securities and Loans, (v) Consumer Loans and (vi) Corporate, organized based on differences in services and products. The corporate segment consists primarily of general and administrative expenses, management fees and incentive compensation related to the Management Agreement, corporate cash and related interest income. During the fourth quarter of 2019, due to the acquisition of select assets and liabilities from Ditech Holding Corporation that are core to the forward origination and servicing businesses of NewRez, New Residential reevaluated the composition of its reportable segments based on the significance of certain business activities to its operations and performance evaluation, which drive resource allocation. The change to reportable segments is primarily the disaggregation of the origination and servicing businesses from the MSR Related Investments. The new Origination segment includes the origination activities of NewRez and its related title and appraisal ancillary businesses, Avenue 365 and eStreet. The new Servicing segment includes the servicing activities of NewRez. The MSR Related Investments segment includes MSRs, MSR Financing Receivables, Excess MSRs, Servicer Advances Receivable and Servicer Advance Investments, as well as investments in servicing related businesses, including Covius and Guardian. Segment information for prior periods have been restated to reflect this change. Securities owned by New Residential that are collateralized by servicer advances and consumer loans are included in the MSR Related Investments and Consumer Loans segments, respectively. Secured corporate loans effectively collateralized by Excess MSRs are included in the MSR Related Investments 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 and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2019 Interest income $ 42,166 $ 34,013 $ 530,225 $ — $ 606,404 $ 744,145 $ 249,673 $ 165,877 $ 31 $ 1,766,130 Interest expense 41,949 1,043 246,294 — 289,286 453,609 158,298 32,558 — 933,751 Net interest income (expense) 217 32,970 283,931 — 317,118 290,536 91,375 133,319 31 832,379 Impairment — — — — — 25,174 (20,607 ) 31,010 — 35,577 Servicing revenue, net (1,605 ) 184,763 250,580 (48,579 ) 385,159 — — — — 385,159 Gain on originated mortgage loans, held-for-sale, net 397,252 1,029 52,991 (51,360 ) 399,912 — 75,543 — — 475,455 Other income (loss) 9,340 5,859 (144,231 ) — (129,032 ) 20,929 75,385 (9,999 ) 1,618 (41,099 ) Operating expenses 258,729 145,813 344,430 (48,579 ) 700,393 3,160 52,745 22,540 189,780 968,618 Income (Loss) Before Income Taxes 146,475 78,808 98,841 (51,360 ) 272,764 283,131 210,165 69,770 (188,131 ) 647,699 Income tax (benefit) expense 39,768 21,396 23,744 (14,179 ) 70,729 — (28,461 ) (502 ) — 41,766 Net Income (Loss) $ 106,707 $ 57,412 $ 75,097 $ (37,181 ) $ 202,035 $ 283,131 $ 238,626 $ 70,272 $ (188,131 ) $ 605,933 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 6,231 $ — $ 4,255 $ — $ 10,486 $ — $ — $ 32,151 $ — $ 42,637 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ 13,281 $ 13,281 Net income (loss) attributable to common stockholders $ 100,476 $ 57,412 $ 70,842 $ (37,181 ) $ 191,549 $ 283,131 $ 238,626 $ 38,121 $ (201,412 ) $ 550,015 Servicing and Origination Residential Securities Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Residential Mortgage Loans Consumer Corporate Total December 31, 2019 Investments $ 1,414,528 $ — $ 6,773,353 $ — $ 8,187,881 $ 19,477,728 $ 5,843,983 $ 827,545 $ — $ 34,337,137 Cash and cash equivalents 77,237 32,225 318,714 — 428,176 87,359 1,180 6,514 5,508 528,737 Restricted cash 6,730 15,769 107,328 — 129,827 — — 32,370 — 162,197 Other assets 250,709 204,723 3,420,122 — 3,875,554 5,590,456 174,940 78,740 85,956 9,805,646 Goodwill 11,836 12,809 5,092 — 29,737 — — — — 29,737 Total assets $ 1,761,040 $ 265,526 $ 10,624,609 $ — $ 12,651,175 $ 25,155,543 $ 6,020,103 $ 945,169 $ 91,464 $ 44,863,454 Debt $ 1,304,621 $ 33,412 $ 6,646,159 $ — $ 7,984,192 $ 22,151,110 $ 4,676,849 $ 824,222 $ — $ 35,636,373 Other liabilities 117,328 51,264 451,629 — 620,221 980,415 55,121 16,795 318,269 1,990,821 Total liabilities 1,421,949 84,676 7,097,788 — 8,604,413 23,131,525 4,731,970 841,017 318,269 37,627,194 Total equity 339,091 180,850 3,526,821 — 4,046,762 2,024,018 1,288,133 104,152 (226,805 ) 7,236,260 Noncontrolling interests in equity of consolidated subsidiaries 11,354 — 45,025 — 56,379 — — 22,171 — 78,550 Total New Residential stockholders’ equity $ 327,737 $ 180,850 $ 3,481,796 $ — $ 3,990,383 $ 2,024,018 $ 1,288,133 $ 81,981 $ (226,805 ) $ 7,157,710 Investments in equity method investees $ — $ — $ 165,848 $ — $ 165,848 $ — $ — $ — $ — $ 165,848 Servicing and Origination (B) Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2018 Interest income $ 12,430 $ 8,148 $ 703,387 $ — $ 723,965 $ 573,539 $ 158,892 $ 206,321 $ 1,506 $ 1,664,223 Interest expense 10,018 264 232,063 — 242,345 240,615 80,910 42,563 — 606,433 Net interest income (expense) 2,412 7,884 471,324 — 481,620 332,924 77,982 163,758 1,506 1,057,790 Impairment — — — — — 30,017 12,061 48,563 — 90,641 Servicing revenue, net (450 ) 63,006 476,224 (10,185 ) 528,595 — — — — 528,595 Gain on originated mortgage loans, held-for-sale, net 100,160 — 4,396 (17,168 ) 87,388 — 8,757 — — 96,145 Other income (loss) 2,067 — 12,216 — 14,283 (72,926 ) 7,699 9,965 (10,406 ) (51,385 ) Operating expenses 96,724 52,251 222,099 (10,185 ) 360,889 1,554 32,424 35,230 179,307 609,404 Income (Loss) Before Income Taxes 7,465 18,639 742,061 (17,168 ) 750,997 228,427 49,953 89,930 (188,207 ) 931,100 Income tax (benefit) expense — — (8,364 ) — (8,364 ) — (65,279 ) 212 — (73,431 ) Net Income (Loss) $ 7,465 $ 18,639 $ 750,425 $ (17,168 ) $ 759,361 $ 228,427 $ 115,232 $ 89,718 $ (188,207 ) $ 1,004,531 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 1,599 $ — $ 1,978 $ — $ 3,577 $ — $ — $ 36,987 $ — $ 40,564 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ 5,866 $ 18,639 $ 748,447 $ (17,168 ) $ 755,784 $ 228,427 $ 115,232 $ 52,731 $ (188,207 ) $ 963,967 Servicing and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total December 31, 2018 Investments $ 608,701 $ — $ 5,860,274 $ — $ 6,468,975 $ 11,636,581 $ 4,102,649 $ 1,110,496 $ — $ 23,318,701 Cash and cash equivalents 40,741 35,886 160,244 — 236,871 49 927 8,279 4,932 251,058 Restricted cash 4,292 2,416 119,693 — 126,401 — — 37,619 — 164,020 Other assets 43,412 84,432 3,382,348 — 3,510,192 4,080,202 131,282 64,802 146,111 7,932,589 Goodwill 11,836 12,809 — — 24,645 — — — — 24,645 Total assets $ 708,982 $ 135,543 $ 9,522,559 $ — $ 10,367,084 $ 15,716,832 $ 4,234,858 $ 1,221,196 $ 151,043 $ 31,691,013 Debt $ 555,423 $ 28,639 $ 6,080,273 $ — $ 6,664,335 $ 11,615,364 $ 3,342,636 $ 1,033,900 $ — $ 22,656,235 Other liabilities 468 4,591 515,156 — 520,215 2,111,868 8,916 13,572 291,912 2,946,483 Total liabilities 555,891 33,230 6,595,429 — 7,184,550 13,727,232 3,351,552 1,047,472 291,912 25,602,718 Total equity 153,091 102,313 2,927,130 — 3,182,534 1,989,600 883,306 173,724 (140,869 ) 6,088,295 Noncontrolling interests in equity of consolidated subsidiaries 7,998 — 52,066 — 60,064 — — 30,561 — 90,625 Total New Residential stockholders’ equity $ 145,093 $ 102,313 $ 2,875,064 $ — $ 3,122,470 $ 1,989,600 $ 883,306 $ 143,163 $ (140,869 ) $ 5,997,670 Investments in equity method investees $ — $ — $ 147,964 $ — $ 147,964 $ — $ — $ 38,294 $ — $ 186,258 (A) Elimination of intercompany transactions related primarily to servicing fees, loan sales, and MSR recaptures. (B) Includes results from July 3, 2018, the date of Shellpoint Acquisition (Note 3). Servicing and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2017 Interest income $ — $ — $ 713,413 $ — $ 713,413 $ 431,706 $ 110,087 $ 263,844 $ 629 $ 1,519,679 Interest expense — — 233,587 — 233,587 122,997 51,473 52,808 — 460,865 Net interest income (expense) — — 479,826 — 479,826 308,709 58,614 211,036 629 1,058,814 Impairment — — — — — 10,334 12,593 63,165 — 86,092 Servicing revenue, net — — 424,349 — 424,349 — — — — 424,349 Gain on originated mortgage loans, held-for-sale, net — — — — — — — — — — Other income (loss) — — 174,561 — 174,561 (16,371 ) 16,175 28,075 5,346 207,786 Operating expenses — — 186,330 — 186,330 1,471 31,529 43,552 159,695 422,577 Income (Loss) Before Income Taxes — — 892,406 — 892,406 280,533 30,667 132,394 (153,720 ) 1,182,280 Income tax (benefit) expense — — 166,186 — 166,186 — 1,272 170 — 167,628 Net Income (Loss) $ — $ — $ 726,220 $ — $ 726,220 $ 280,533 $ 29,395 $ 132,224 $ (153,720 ) $ 1,014,652 Noncontrolling interests in income of consolidated subsidiaries $ — $ — $ 11,227 $ — $ 11,227 $ — $ — $ 45,892 $ — $ 57,119 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ — $ — $ 714,993 $ — $ 714,993 $ 280,533 $ 29,395 $ 86,332 $ (153,720 ) $ 957,533

INVESTMENTS IN EXCESS MORTGAGE

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS Direct Investments in Excess MSRs The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 44,386 54 — 44,440 Other income 6,444 — 40,417 46,861 Proceeds from repayments (100,215 ) (632 ) (26,946 ) (127,793 ) Proceeds from sales (19,084 ) — — (19,084 ) Change in fair value (18,436 ) 197 (40,417 ) (58,656 ) Ocwen Transaction (Note 6) — — (611,621 ) (611,621 ) Balance as of December 31, 2018 445,328 2,532 — 447,860 Purchases — — — — Interest income 32,587 60 — 32,647 Other income 3,851 — — 3,851 Proceeds from repayments (83,612 ) (419 ) — (84,031 ) Proceeds from sales (10,075 ) — — (10,075 ) Change in fair value (10,387 ) (118 ) — (10,505 ) Balance as of December 31, 2019 $ 377,692 $ 2,055 $ — $ 379,747 (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. Mr. Cooper or SLS, 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 direct Excess MSR investments serviced by Mr. Cooper and SLS. Under such arrangements, New Residential is generally entitled to a pro rata interest in the Excess MSRs on any refinancing by Mr. Cooper of a loan in the original portfolio. These recapture agreements do not apply to New Residential’s Servicer Advance Investments (Note 7). New Residential elected to record its direct 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: December 31, 2019 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 43,310,917 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.5 $ 178,603 $ 209,633 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 45,034,320 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 6.5 $ 124,875 $ 170,114 Total $ 88,345,237 5.9 $ 303,478 $ 379,747 December 31, 2018 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 52,368,290 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.6 $ 218,797 $ 257,387 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 54,058,073 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 5.8 $ 142,530 $ 190,473 Total $ 106,426,363 6.1 $ 361,327 $ 447,860 (A) 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 and recapture agreements, as applicable. (D) Amounts in parentheses represent weighted averages. (E) New Residential is also invested in related Servicer Advance Investments, including the basic fee component of the related MSR as of December 31, 2019 and 2018 (Note 7) on $31.4 billion and $40.1 billion UPB, respectively, underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Year Ended December 31, 2019 2018 2017 Original and Recaptured Pools $ (10,505 ) $ (58,656 ) $ 4,322 As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.8% , respectively, were used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). Excess MSR Joint Ventures 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: December 31, 2019 2018 Excess MSR assets $ 226,843 $ 269,203 Other assets 25,035 27,411 Other liabilities (687 ) (687 ) Equity $ 251,191 $ 295,927 New Residential’s investment $ 125,596 $ 147,964 New Residential’s ownership 50.0 % 50.0 % Year Ended December 31, 2019 2018 2017 Interest income $ 23,872 $ 26,363 $ 27,450 Other income (loss) (10,208 ) (9,649 ) (2,149 ) Expenses (64 ) — (68 ) Net income $ 13,600 $ 16,714 $ 25,233 New Residential’s investments in equity method investees changed during the years ended December 31, 2019 and 2018 as follows: 2019 2018 Balance at beginning of period $ 147,964 $ 171,765 Contributions to equity method investees — — Distributions of earnings from equity method investees (8,999 ) (11,059 ) Distributions of capital from equity method investees (20,169 ) (21,099 ) Change in fair value of investments in equity method investees 6,800 8,357 Balance at end of period $ 125,596 $ 147,964 The following is a summary of New Residential’s Excess MSR investments made through equity method investees: December 31, 2019 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 $ 33,592,554 66.7% 50.0% $ 168,807 $ 226,843 5.4 December 31, 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 $ 41,707,963 66.7% 50.0% $ 198,261 $ 269,203 5.5 (A) The remaining interests are held by Mr. Cooper. (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 and recapture agreements, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment. A subsidiary of New Residential, New Residential Mortgage LLC (“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 Consolidated Statements of Income. As of December 31, 2019 , these subservicers include PHH, Mr. Cooper, LoanCare , Ditech and Flagstar, which subservice 23.5% , 19.9% , 17.9% , 9.1% , and 1.0% of the underlying UPB of the related mortgages, respectively (includes both Mortgage Servicing Rights and MSR Financing Receivables). The remaining 28.6% of the underlying UPB of the related mortgages is subserviced by the servicing division of NewRez. New Residential has entered into recapture agreements with respect to each of its MSR investments subserviced by PHH, LoanCare, Flagstar, Mr. Cooper, and NewRez. Under the recapture agreements, New Residential is generally entitled to the MSRs on any initial or subsequent refinancing by PHH, LoanCare, Flagstar, Mr. Cooper, or NewRez of a loan in the original portfolios. In certain cases where New Residential has legally purchased MSRs or the right to the economic interest in MSRs, 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 MSR financing receivables (“MSR Financing Receivables”). Income from these investments, net of subservicing fees, are recorded as Interest income with changes in fair value flowing through Change in fair value of investments in MSR financing receivables in the Consolidated Statements of Income. New Residential records its investments in MSRs and MSR Financing Receivables at fair value at acquisition and has elected to subsequently measure at fair value pursuant to the fair value measurement method. The following table presents activity related to the carrying value of New Residential’s investments in MSRs and MSR Financing Receivables: MSRs MSR Financing Receivables Total Balance as of December 31, 2017 $ 1,735,504 $ 598,728 $ 2,334,232 Purchases, net (A) 1,042,933 128,357 1,171,290 Transfers (B) 124,652 (124,652 ) — New Ocwen Agreements — 1,017,993 1,017,993 Shellpoint Acquisition (Note 3) (C) 151,312 — 151,312 Originations (D) 35,311 — 35,311 Proceeds from sales (5,776 ) (7,472 ) (13,248 ) Amortization of servicing rights (F) (258,068 ) (197,703 ) (455,771 ) Change in valuation inputs and assumptions (G) 61,149 230,036 291,185 (Gain)/loss on sales (2,917 ) (783 ) (3,700 ) Balance as of December 31, 2018 $ 2,884,100 $ 1,644,504 $ 4,528,604 Purchases, net (A) 690,049 735,152 1,425,201 Transfers (B) 367,121 (367,121 ) — Other transfers (H) (410 ) — (410 ) Ditech Acquisition (Note 3) 387,170 — 387,170 Originations (D) 374,450 — 374,450 Prepayments (E) (11,625 ) (82,250 ) (93,875 ) Proceeds from sales (1,539 ) (22,989 ) (24,528 ) Amortization of servicing rights (F) (537,111 ) (203,732 ) (740,843 ) Change in valuation inputs and assumptions (G) (187,530 ) 21,094 (166,436 ) (Gain)/loss on sales 3,285 (6,385 ) (3,100 ) Balance as of December 31, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 (A) Net of purchase price adjustments. (B) Represents MSRs previously accounted for as MSR Financing Receivables. 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, the purchase agreement was not treated as a sale under GAAP through June 30, 2019. (C) Includes $48.3 million of MSRs legally sold by NewRez treated as a secured borrowing as it did not meet the criteria for sale treatment. New Residential elected to record the excess spread financing liability at fair value pursuant to the fair value option. (D) Represents MSRs retained on the sale of originated mortgage loans. (E) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (F) 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. (G) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (H) Represents Ginnie Mae MSRs repurchased. Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 899,623 $ 589,546 $ 412,971 Ancillary and other fees 198,486 130,294 79,050 Servicing fee revenue and fees 1,098,109 719,840 492,021 Amortization of servicing rights (A) (530,031 ) (256,915 ) (223,167 ) Change in valuation inputs and assumptions (B) (C) (186,204 ) 68,587 155,495 (Gain)/loss on sales (D) 3,285 (2,917 ) — Servicing revenue, net $ 385,159 $ 528,595 $ 424,349 (A) Includes $7.1 million , $1.2 million and $0.0 million of amortization to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (B) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (C) Includes $1.3 million , $7.4 million and $0.0 million of fair value adjustment to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (D) Represents the realization of unrealized gain/(loss) as a result of sales. Interest income from investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 513,172 $ 705,812 $ 94,945 Ancillary and other fees 119,570 146,829 17,313 Less: subservicing expense (196,726 ) (251,184 ) (33,686 ) Interest income, investments in MSR financing receivables $ 436,016 $ 601,457 $ 78,572 Change in fair value of investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Amortization of servicing rights $ (203,732 ) $ (197,703 ) $ (43,190 ) Change in valuation inputs and assumptions (A) 21,094 230,036 109,584 (Gain)/loss on sales (B) (6,385 ) (783 ) — Change in fair value of investments in MSR financing receivables $ (189,023 ) $ 31,550 $ 66,394 (A) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (B) Represents the realization of unrealized gain/(loss) as a result of sales. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of December 31, 2019 and 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) 2019 MSRs: Agency (C) $ 315,427,933 5.1 $ 3,179,556 $ 3,319,035 Non-Agency 6,402,833 5.4 12,437 20,283 Ginnie Mae (D) 52,019,295 4.6 614,855 628,642 MSR Financing Receivables: Agency (C) 54,866,978 4.7 582,600 547,351 Non-Agency 76,117,892 7.6 808,149 1,170,922 Total $ 504,834,931 5.4 $ 5,197,597 $ 5,686,233 2018 MSRs: Agency (C) $ 226,295,778 6.4 $ 2,189,039 $ 2,506,676 Non-Agency 2,143,212 6.6 19,982 22,438 Ginnie Mae (D) 30,023,713 7.4 357,673 354,986 MSR Financing Receivables: Agency (C) 42,265,547 5.9 366,946 434,110 Non-Agency 88,251,018 7.2 936,792 1,210,394 Total $ 388,979,268 6.6 $ 3,870,432 $ 4,528,604 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.7% , respectively, were used to value New Residential’s investments in MSRs, respectively. As of December 31, 2019 and 2018 , weighted average discount rates of 8.9% and 10.3% , respectively, were used to value New Residential’s investments in MSR financing receivables. (C) Represents Fannie Mae and Freddie Mac MSRs. (D) NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez holds an option to repurchase delinquent loans from the securitization at its discretion. As of December 31, 2019 and 2018 , New Residential holds approximately $172.3 million and $121.6 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Ocwen MSR Financing Receivable Transactions On July 23, 2017, Ocwen and New Residential entered into a Master Agreement (the “Ocwen Master Agreement”) and a Transfer Agreement (the “Ocwen Transfer Agreement”) pursuant to which Ocwen and New Residential agreed to undertake certain actions to facilitate the transfer from Ocwen to New Residential of Ocwen’s remaining interests in the mortgage servicing rights relating to loans with an aggregate unpaid principal balance of approximately $110.0 billion that are subject to the Original Ocwen Agreements (the “Ocwen Subject MSRs”) and with respect to which New Residential holds the Rights to MSRs (as defined in the Original Ocwen Agreements). New Residential and Ocwen concurrently entered into a subservicing agreement pursuant to which Ocwen will subservice the mortgage loans related to the Ocwen Subject MSRs that are transferred to New Residential pursuant to the Ocwen Master Agreement and Ocwen Transfer Agreement. 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 amend 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”). The New Ocwen Agreements and NRM’s Fee Restructuring Payment resulted in a new investment structured as a transfer of the full interests and economics of the 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. 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. As of December 31, 2019 , MSRs representing approximately $66.7 billion UPB of underlying loans have been transferred to NRM and NewRez pursuant to the Ocwen Transaction. Economics related to the remaining MSRs subject to the Ocwen Transaction were transferred pursuant to the New Ocwen Agreements. As a result of the length of the initial term of the related subservicing agreement between NRM, NewRez 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 or NewRez, and that the purchase agreement would not be treated as a sale under GAAP. As a part of the ongoing integration efforts related to the Ocwen and PHH merger completed on October 4, 2018, Ocwen now conducts its mortgage servicing business under the PHH tradename. Mr. Cooper MSR Financing Receivable Transaction On February 28, 2019, NRM entered into an agreement with Mr. Cooper to purchase the MSRs, and related servicer advance receivables, with respect to $9.5 billion in total UPB of seasoned Agency residential mortgage loans. The residential mortgage loans underlying the MSRs acquired by NRM are subserviced by Mr. Cooper pursuant to an existing subservicing agreement with NRM. As a result of the length of the initial term of the related subservicing agreement between NRM and Mr. Cooper, 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. United Shore MSR Financing Receivable Transactions On April 2, 2019 and May 21, 2019, NRM entered into agreements with United Shore to purchase the MSRs, and related servicer advance receivables, with respect to $8.2 billion and $23.7 billion in total UPB of seasoned Agency residential mortgage loans, respectively. The residential mortgage loans underlying the MSRs acquired by NRM will be subserviced by NewRez, Mr. Cooper and LoanCare pursuant to existing subservicing agreements with NRM. As a result of the length of term of prepayment protection provided to NRM, although the MSRs were legally sold, solely for accounting purposes, New Residential determined that the transferor retained more than minor protection provisions, and that the purchase agreement would not be treated as a sale under GAAP. Quicken MSR Financing Receivable Transaction On August 6, 2019, NRM entered into an agreement with Quicken to purchase the MSRs, and related servicer advance receivables, with respect to $29.1 billion in total UPB of seasoned Agency residential mortgage loans. The residential mortgage loans underlying the MSRs acquired by NRM are subserviced by LoanCare pursuant to an existing subservicing agreement with NRM. As a result of the length of term of prepayment protection provided to NRM, although the MSRs were legally sold, solely for accounting purposes, New Residential determined that the transferor retained more than minor protection provisions, and that the purchase agreement would not be treated as a sale under GAAP. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs and MSR Financing Receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2019 December 31, 2018 California 21.9 % 21.7 % Florida 6.9 % 6.9 % New York 6.4 % 7.8 % Texas 5.5 % 5.3 % New Jersey 4.9 % 5.0 % Illinois 3.6 % 3.7 % Massachusetts 3.4 % 3.5 % Washington 3.3 % 2.3 % Georgia 3.1 % 3.0 % Maryland 3.0 % 3.4 % Other U.S. 38.0 % 37.4 % 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. Mortgage Subservicing NewRez performs servicing of residential mortgage loans for third parties under subservicing agreements. Mortgage subservicing does not meet the criteria to be recognized as a servicing right asset and, therefore, is not recognized on New Residential’s consolidated balance sheets. The UPB of residential mortgage loans subserviced for others as of December 31, 2019 was $71.2 billion and subservicing revenue of $137.4 million is included within Servicing revenue, net in the Consolidated Statements of Income. 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 and NewRez, as servicers, have the obligation to fund future servicer advances on the underlying pool of mortgages (Note 16). These servicer advances are recorded when advanced and are included in Servicer Advances Receivable on the Consolidated Balance Sheets. The following types of advances are included in the Servicer Advances Receivable: December 31, 2019 2018 Principal and interest advances $ 660,807 $ 793,790 Escrow advances (taxes and insurance advances) 2,427,384 2,186,831 Foreclosure advances 163,054 199,203 Total (A) (B) (C) $ 3,251,245 $ 3,179,824 (A) Includes $562.2 million and $231.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $166.5 million and $41.6 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from Ginnie Mae. Reserves for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a nonreimbursable advance loss assumption. (C) Net of $50.1 million and $98.0 million , respectively, in accruals 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 December 31, 2019 and December 31, 2018 , expected full recovery of the Servicer Advance Receivables. See Note 12 regarding the financing of MSRs.

INVESTMENTS IN MORTGAGE SERVICI

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS Direct Investments in Excess MSRs The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 44,386 54 — 44,440 Other income 6,444 — 40,417 46,861 Proceeds from repayments (100,215 ) (632 ) (26,946 ) (127,793 ) Proceeds from sales (19,084 ) — — (19,084 ) Change in fair value (18,436 ) 197 (40,417 ) (58,656 ) Ocwen Transaction (Note 6) — — (611,621 ) (611,621 ) Balance as of December 31, 2018 445,328 2,532 — 447,860 Purchases — — — — Interest income 32,587 60 — 32,647 Other income 3,851 — — 3,851 Proceeds from repayments (83,612 ) (419 ) — (84,031 ) Proceeds from sales (10,075 ) — — (10,075 ) Change in fair value (10,387 ) (118 ) — (10,505 ) Balance as of December 31, 2019 $ 377,692 $ 2,055 $ — $ 379,747 (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. Mr. Cooper or SLS, 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 direct Excess MSR investments serviced by Mr. Cooper and SLS. Under such arrangements, New Residential is generally entitled to a pro rata interest in the Excess MSRs on any refinancing by Mr. Cooper of a loan in the original portfolio. These recapture agreements do not apply to New Residential’s Servicer Advance Investments (Note 7). New Residential elected to record its direct 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: December 31, 2019 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 43,310,917 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.5 $ 178,603 $ 209,633 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 45,034,320 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 6.5 $ 124,875 $ 170,114 Total $ 88,345,237 5.9 $ 303,478 $ 379,747 December 31, 2018 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 52,368,290 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.6 $ 218,797 $ 257,387 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 54,058,073 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 5.8 $ 142,530 $ 190,473 Total $ 106,426,363 6.1 $ 361,327 $ 447,860 (A) 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 and recapture agreements, as applicable. (D) Amounts in parentheses represent weighted averages. (E) New Residential is also invested in related Servicer Advance Investments, including the basic fee component of the related MSR as of December 31, 2019 and 2018 (Note 7) on $31.4 billion and $40.1 billion UPB, respectively, underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Year Ended December 31, 2019 2018 2017 Original and Recaptured Pools $ (10,505 ) $ (58,656 ) $ 4,322 As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.8% , respectively, were used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). Excess MSR Joint Ventures 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: December 31, 2019 2018 Excess MSR assets $ 226,843 $ 269,203 Other assets 25,035 27,411 Other liabilities (687 ) (687 ) Equity $ 251,191 $ 295,927 New Residential’s investment $ 125,596 $ 147,964 New Residential’s ownership 50.0 % 50.0 % Year Ended December 31, 2019 2018 2017 Interest income $ 23,872 $ 26,363 $ 27,450 Other income (loss) (10,208 ) (9,649 ) (2,149 ) Expenses (64 ) — (68 ) Net income $ 13,600 $ 16,714 $ 25,233 New Residential’s investments in equity method investees changed during the years ended December 31, 2019 and 2018 as follows: 2019 2018 Balance at beginning of period $ 147,964 $ 171,765 Contributions to equity method investees — — Distributions of earnings from equity method investees (8,999 ) (11,059 ) Distributions of capital from equity method investees (20,169 ) (21,099 ) Change in fair value of investments in equity method investees 6,800 8,357 Balance at end of period $ 125,596 $ 147,964 The following is a summary of New Residential’s Excess MSR investments made through equity method investees: December 31, 2019 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 $ 33,592,554 66.7% 50.0% $ 168,807 $ 226,843 5.4 December 31, 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 $ 41,707,963 66.7% 50.0% $ 198,261 $ 269,203 5.5 (A) The remaining interests are held by Mr. Cooper. (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 and recapture agreements, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment. A subsidiary of New Residential, New Residential Mortgage LLC (“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 Consolidated Statements of Income. As of December 31, 2019 , these subservicers include PHH, Mr. Cooper, LoanCare , Ditech and Flagstar, which subservice 23.5% , 19.9% , 17.9% , 9.1% , and 1.0% of the underlying UPB of the related mortgages, respectively (includes both Mortgage Servicing Rights and MSR Financing Receivables). The remaining 28.6% of the underlying UPB of the related mortgages is subserviced by the servicing division of NewRez. New Residential has entered into recapture agreements with respect to each of its MSR investments subserviced by PHH, LoanCare, Flagstar, Mr. Cooper, and NewRez. Under the recapture agreements, New Residential is generally entitled to the MSRs on any initial or subsequent refinancing by PHH, LoanCare, Flagstar, Mr. Cooper, or NewRez of a loan in the original portfolios. In certain cases where New Residential has legally purchased MSRs or the right to the economic interest in MSRs, 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 MSR financing receivables (“MSR Financing Receivables”). Income from these investments, net of subservicing fees, are recorded as Interest income with changes in fair value flowing through Change in fair value of investments in MSR financing receivables in the Consolidated Statements of Income. New Residential records its investments in MSRs and MSR Financing Receivables at fair value at acquisition and has elected to subsequently measure at fair value pursuant to the fair value measurement method. The following table presents activity related to the carrying value of New Residential’s investments in MSRs and MSR Financing Receivables: MSRs MSR Financing Receivables Total Balance as of December 31, 2017 $ 1,735,504 $ 598,728 $ 2,334,232 Purchases, net (A) 1,042,933 128,357 1,171,290 Transfers (B) 124,652 (124,652 ) — New Ocwen Agreements — 1,017,993 1,017,993 Shellpoint Acquisition (Note 3) (C) 151,312 — 151,312 Originations (D) 35,311 — 35,311 Proceeds from sales (5,776 ) (7,472 ) (13,248 ) Amortization of servicing rights (F) (258,068 ) (197,703 ) (455,771 ) Change in valuation inputs and assumptions (G) 61,149 230,036 291,185 (Gain)/loss on sales (2,917 ) (783 ) (3,700 ) Balance as of December 31, 2018 $ 2,884,100 $ 1,644,504 $ 4,528,604 Purchases, net (A) 690,049 735,152 1,425,201 Transfers (B) 367,121 (367,121 ) — Other transfers (H) (410 ) — (410 ) Ditech Acquisition (Note 3) 387,170 — 387,170 Originations (D) 374,450 — 374,450 Prepayments (E) (11,625 ) (82,250 ) (93,875 ) Proceeds from sales (1,539 ) (22,989 ) (24,528 ) Amortization of servicing rights (F) (537,111 ) (203,732 ) (740,843 ) Change in valuation inputs and assumptions (G) (187,530 ) 21,094 (166,436 ) (Gain)/loss on sales 3,285 (6,385 ) (3,100 ) Balance as of December 31, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 (A) Net of purchase price adjustments. (B) Represents MSRs previously accounted for as MSR Financing Receivables. 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, the purchase agreement was not treated as a sale under GAAP through June 30, 2019. (C) Includes $48.3 million of MSRs legally sold by NewRez treated as a secured borrowing as it did not meet the criteria for sale treatment. New Residential elected to record the excess spread financing liability at fair value pursuant to the fair value option. (D) Represents MSRs retained on the sale of originated mortgage loans. (E) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (F) 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. (G) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (H) Represents Ginnie Mae MSRs repurchased. Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 899,623 $ 589,546 $ 412,971 Ancillary and other fees 198,486 130,294 79,050 Servicing fee revenue and fees 1,098,109 719,840 492,021 Amortization of servicing rights (A) (530,031 ) (256,915 ) (223,167 ) Change in valuation inputs and assumptions (B) (C) (186,204 ) 68,587 155,495 (Gain)/loss on sales (D) 3,285 (2,917 ) — Servicing revenue, net $ 385,159 $ 528,595 $ 424,349 (A) Includes $7.1 million , $1.2 million and $0.0 million of amortization to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (B) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (C) Includes $1.3 million , $7.4 million and $0.0 million of fair value adjustment to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (D) Represents the realization of unrealized gain/(loss) as a result of sales. Interest income from investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 513,172 $ 705,812 $ 94,945 Ancillary and other fees 119,570 146,829 17,313 Less: subservicing expense (196,726 ) (251,184 ) (33,686 ) Interest income, investments in MSR financing receivables $ 436,016 $ 601,457 $ 78,572 Change in fair value of investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Amortization of servicing rights $ (203,732 ) $ (197,703 ) $ (43,190 ) Change in valuation inputs and assumptions (A) 21,094 230,036 109,584 (Gain)/loss on sales (B) (6,385 ) (783 ) — Change in fair value of investments in MSR financing receivables $ (189,023 ) $ 31,550 $ 66,394 (A) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (B) Represents the realization of unrealized gain/(loss) as a result of sales. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of December 31, 2019 and 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) 2019 MSRs: Agency (C) $ 315,427,933 5.1 $ 3,179,556 $ 3,319,035 Non-Agency 6,402,833 5.4 12,437 20,283 Ginnie Mae (D) 52,019,295 4.6 614,855 628,642 MSR Financing Receivables: Agency (C) 54,866,978 4.7 582,600 547,351 Non-Agency 76,117,892 7.6 808,149 1,170,922 Total $ 504,834,931 5.4 $ 5,197,597 $ 5,686,233 2018 MSRs: Agency (C) $ 226,295,778 6.4 $ 2,189,039 $ 2,506,676 Non-Agency 2,143,212 6.6 19,982 22,438 Ginnie Mae (D) 30,023,713 7.4 357,673 354,986 MSR Financing Receivables: Agency (C) 42,265,547 5.9 366,946 434,110 Non-Agency 88,251,018 7.2 936,792 1,210,394 Total $ 388,979,268 6.6 $ 3,870,432 $ 4,528,604 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.7% , respectively, were used to value New Residential’s investments in MSRs, respectively. As of December 31, 2019 and 2018 , weighted average discount rates of 8.9% and 10.3% , respectively, were used to value New Residential’s investments in MSR financing receivables. (C) Represents Fannie Mae and Freddie Mac MSRs. (D) NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez holds an option to repurchase delinquent loans from the securitization at its discretion. As of December 31, 2019 and 2018 , New Residential holds approximately $172.3 million and $121.6 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets. Ocwen MSR Financing Receivable Transactions On July 23, 2017, Ocwen and New Residential entered into a Master Agreement (the “Ocwen Master Agreement”) and a Transfer Agreement (the “Ocwen Transfer Agreement”) pursuant to which Ocwen and New Residential agreed to undertake certain actions to facilitate the transfer from Ocwen to New Residential of Ocwen’s remaining interests in the mortgage servicing rights relating to loans with an aggregate unpaid principal balance of approximately $110.0 billion that are subject to the Original Ocwen Agreements (the “Ocwen Subject MSRs”) and with respect to which New Residential holds the Rights to MSRs (as defined in the Original Ocwen Agreements). New Residential and Ocwen concurrently entered into a subservicing agreement pursuant to which Ocwen will subservice the mortgage loans related to the Ocwen Subject MSRs that are transferred to New Residential pursuant to the Ocwen Master Agreement and Ocwen Transfer Agreement. 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 amend 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”). The New Ocwen Agreements and NRM’s Fee Restructuring Payment resulted in a new investment structured as a transfer of the full interests and economics of the 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. 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. As of December 31, 2019 , MSRs representing approximately $66.7 billion UPB of underlying loans have been transferred to NRM and NewRez pursuant to the Ocwen Transaction. Economics related to the remaining MSRs subject to the Ocwen Transaction were transferred pursuant to the New Ocwen Agreements. As a result of the length of the initial term of the related subservicing agreement between NRM, NewRez 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 or NewRez, and that the purchase agreement would not be treated as a sale under GAAP. As a part of the ongoing integration efforts related to the Ocwen and PHH merger completed on October 4, 2018, Ocwen now conducts its mortgage servicing business under the PHH tradename. Mr. Cooper MSR Financing Receivable Transaction On February 28, 2019, NRM entered into an agreement with Mr. Cooper to purchase the MSRs, and related servicer advance receivables, with respect to $9.5 billion in total UPB of seasoned Agency residential mortgage loans. The residential mortgage loans underlying the MSRs acquired by NRM are subserviced by Mr. Cooper pursuant to an existing subservicing agreement with NRM. As a result of the length of the initial term of the related subservicing agreement between NRM and Mr. Cooper, 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. United Shore MSR Financing Receivable Transactions On April 2, 2019 and May 21, 2019, NRM entered into agreements with United Shore to purchase the MSRs, and related servicer advance receivables, with respect to $8.2 billion and $23.7 billion in total UPB of seasoned Agency residential mortgage loans, respectively. The residential mortgage loans underlying the MSRs acquired by NRM will be subserviced by NewRez, Mr. Cooper and LoanCare pursuant to existing subservicing agreements with NRM. As a result of the length of term of prepayment protection provided to NRM, although the MSRs were legally sold, solely for accounting purposes, New Residential determined that the transferor retained more than minor protection provisions, and that the purchase agreement would not be treated as a sale under GAAP. Quicken MSR Financing Receivable Transaction On August 6, 2019, NRM entered into an agreement with Quicken to purchase the MSRs, and related servicer advance receivables, with respect to $29.1 billion in total UPB of seasoned Agency residential mortgage loans. The residential mortgage loans underlying the MSRs acquired by NRM are subserviced by LoanCare pursuant to an existing subservicing agreement with NRM. As a result of the length of term of prepayment protection provided to NRM, although the MSRs were legally sold, solely for accounting purposes, New Residential determined that the transferor retained more than minor protection provisions, and that the purchase agreement would not be treated as a sale under GAAP. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs and MSR Financing Receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2019 December 31, 2018 California 21.9 % 21.7 % Florida 6.9 % 6.9 % New York 6.4 % 7.8 % Texas 5.5 % 5.3 % New Jersey 4.9 % 5.0 % Illinois 3.6 % 3.7 % Massachusetts 3.4 % 3.5 % Washington 3.3 % 2.3 % Georgia 3.1 % 3.0 % Maryland 3.0 % 3.4 % Other U.S. 38.0 % 37.4 % 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. Mortgage Subservicing NewRez performs servicing of residential mortgage loans for third parties under subservicing agreements. Mortgage subservicing does not meet the criteria to be recognized as a servicing right asset and, therefore, is not recognized on New Residential’s consolidated balance sheets. The UPB of residential mortgage loans subserviced for others as of December 31, 2019 was $71.2 billion and subservicing revenue of $137.4 million is included within Servicing revenue, net in the Consolidated Statements of Income. 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 and NewRez, as servicers, have the obligation to fund future servicer advances on the underlying pool of mortgages (Note 16). These servicer advances are recorded when advanced and are included in Servicer Advances Receivable on the Consolidated Balance Sheets. The following types of advances are included in the Servicer Advances Receivable: December 31, 2019 2018 Principal and interest advances $ 660,807 $ 793,790 Escrow advances (taxes and insurance advances) 2,427,384 2,186,831 Foreclosure advances 163,054 199,203 Total (A) (B) (C) $ 3,251,245 $ 3,179,824 (A) Includes $562.2 million and $231.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $166.5 million and $41.6 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from Ginnie Mae. Reserves for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a nonreimbursable advance loss assumption. (C) Net of $50.1 million and $98.0 million , respectively, in accruals 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 December 31, 2019 and December 31, 2018 , expected full recovery of the Servicer Advance Receivables. See Note 12 regarding the financing of MSRs.

SERVICER ADVANCE INVESTMENTS

SERVICER ADVANCE INVESTMENTS	12 Months Ended
	Dec. 31, 2019
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 Advance Purchaser LLC (the “Buyer”), a joint venture entity, and owned an approximately 73.2% interest in the Buyer as of December 31, 2019 . As of December 31, 2019 , 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 December 31, 2019 , the noncontrolling third-party co-investors and New Residential had previously funded their commitments, however the Buyer may recall $327.8 million and $305.2 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. The Buyer has purchased servicer advances from Mr. Cooper, is required to purchase all future servicer advances made with respect to this portfolio of loans from Mr. Cooper, and receives cash flows from advance recoveries and the basic fee component of the related MSRs, net of compensation paid back to Mr. Cooper in consideration of Mr. Cooper’s servicing activities. The compensation paid to Mr. Cooper as of December 31, 2019 was approximately 9.2% of the basic fee component of the related MSRs plus a performance fee that represents a portion (up to 100% ) of the cash flows in excess of those required for the Buyer to obtain a specified return on its equity. New Residential has determined that the Buyer is a VIE. See Note 14 for information on the assets and liabilities related to this consolidated VIE. New Residential also acquired a portion of the call rights related to this portfolio of loans. In December 2014, New Residential agreed to acquire (the “SLS Transaction”) 50% of the Excess MSRs and all of the servicer advances and related basic fee portion of the MSR, and a portion of the call rights related to a portfolio of residential mortgage loans which is serviced by SLS. Fortress-managed funds acquired the other 50% of the Excess MSRs. SLS services the loans in exchange for a servicing fee of 10.75 basis points (“bps”) and an incentive fee (the “SLS Incentive Fee”) which is based on the ratio of the outstanding servicer advances to the UPB of the underlying loans. In April 2015, New Residential acquired Servicer Advance Investments and Excess MSRs in connection with the acquisition of HLSS. Through January 1, 2018, Ocwen serviced the underlying loans in exchange for a servicing fee of 12% times the servicing fee collections of the underlying loans, which as of December 31, 2017 and December 31, 2016 was equal to 6.1 bps and 5.9 bps times the UPB of the underlying loans, respectively, and an incentive fee which was reduced by LIBOR plus 2.75% per annum of the amount, if any, of servicer advances outstanding in excess of a defined target. In July 2017, New Residential entered into the Ocwen Transaction as described in Note 6. Subsequent to the Ocwen Transaction, the Servicer Advance Investments (including the related basic fee portion of the MSR) formerly serviced by Ocwen became reclassified, as described in Note 6, as the underlying MSRs are transferred to NRM. 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) Change in Fair Value Recorded in Other Income for Year then Ended December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 $ 10,288 December 31, 2018 Servicer Advance Investments $ 721,801 $ 735,846 5.9 % 5.8 % 5.7 $ (89,332 ) (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. 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 December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % December 31, 2018 Servicer Advance Investments (D) $ 40,096,998 $ 620,050 1.5 % $ 574,117 88.3 % 87.2 % 3.7 % 3.1 % (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: December 31, 2019 2018 Principal and interest advances $ 71,574 $ 108,317 Escrow advances (taxes and insurance advances) 180,047 238,349 Foreclosure advances 211,222 273,384 Total $ 462,843 $ 620,050 Interest income recognized by New Residential related to its Servicer Advance Investments was comprised of the following: Year Ended December 31, 2019 2018 2017 Interest income, gross of amounts attributable to servicer compensation $ 51,940 $ 83,807 $ 871,506 Amounts attributable to base servicer compensation (6,209 ) (8,491 ) (227,585 ) Amounts attributable to incentive servicer compensation (18,065 ) (25,098 ) (115,565 ) Interest income from Servicer Advance Investments $ 27,666 $ 50,218 $ 528,356 See Note 12 regarding the financing of Servicer Advance Investments.

INVESTMENTS IN REAL ESTATE AND

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES	12 Months Ended
	Dec. 31, 2019
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 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: Year Ended December 31, 2019 Year Ended December 31, 2018 (in millions) (in millions) Treasury Agency Non-Agency Treasury Agency Non-Agency Purchases Face $ — $ 33,573.5 $ 14,960.4 $ — $ 11,006.7 $ 9,194.8 Purchase Price — 34,335.5 2,059.0 — 11,121.6 3,854.4 Sales Face $ — $ 22,746.3 $ 2,936.2 $ 862.0 $ 9,485.0 $ 115.0 Amortized Cost — 23,337.8 1,852.1 858.0 9,590.6 87.7 Sale Price — 23,449.2 1,949.3 849.8 9,569.2 86.4 Gain (Loss) on Sale — 111.4 97.2 (8.2 ) (21.4 ) (1.3 ) As of December 31, 2019 , New Residential had sold and purchased $5.1 billion and $0.9 billion face amount of Agency RMBS for $5.2 billion and $0.9 billion , respectively, 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 9 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. 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) December 31, 2019 Agency RMBS (F)(G) $ 11,301,603 $ 11,474,338 $ 57,221 $ (11,616 ) $ 11,519,943 43 AAA 3.17 % 2.78 % 6.0 N/A Non-Agency RMBS (H) (I) 24,857,988 7,307,837 689,158 (39,210 ) 7,957,785 997 B+ 2.90 % 4.70 % 7.0 11.0 % Total/Weighted Average $ 36,159,591 $ 18,782,175 $ 746,379 $ (50,826 ) $ 19,477,728 1,040 A+ 3.03 % 3.53 % 6.4 December 31, 2018 Agency RMBS (F)(G) 2,613,395 2,657,917 7,744 (43 ) 2,665,618 31 AAA 4.01 % 3.70 % 8.1 N/A Non-Agency RMBS (H) (I) 19,539,450 8,554,511 517,861 (101,409 ) 8,970,963 897 B+ 3.40 % 5.63 % 6.9 12.4 % Total/Weighted Average $ 22,152,845 $ 11,212,428 $ 525,605 $ (101,452 ) $ 11,636,581 928 BB+ 3.53 % 5.17 % 7.2 (A) Fair value, which is equal to carrying value for all securities. See Note 13 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 340 bonds with a carrying value of $1,129.3 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 $41.0 million and $3.4 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 $11.3 billion and $2.6 billion for fixed rate securities and $0.0 billion and $0.0 billion for floating rate securities as of December 31, 2019 and 2018 , respectively. (H) The total outstanding face amount was $5.4 billion (including $3.2 billion of residual and fair value option notional amount) and $3.8 billion (including $1.5 billion of residual and fair value option notional amount) for fixed rate securities and $19.5 billion (including $12.2 billion of residual and fair value option notional amount) and $15.7 billion (including $7.4 billion of residual and fair value option notional amount) for floating rate securities as of December 31, 2019 and 2018 , respectively. (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 consumer loans and (iii) corporate debt. 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 December 31, 2019 Corporate debt $ 85,000 $ 85,000 $ — $ (1,262 ) $ 83,738 1 B- 8.25 % 8.25 % 5.3 N/A Consumer loan bonds 25,029 25,688 521 (6,190 ) 20,019 6 N/A N/A N/A 1.6 N/A MSR bond — — — — — — N/A — % — % — N/A Fair Value Option Securities Interest-only Securities 11,201,646 308,714 35,882 (19,459 ) 325,137 124 AA+ 1.37 % 10.49 % 2.9 N/A Servicing Strips 4,073,792 40,043 2,431 (4,562 ) 37,912 46 N/A 0.38 % 4.01 % 5.7 N/A December 31, 2018 Corporate debt $ 85,000 $ 85,000 $ — $ (12,325 ) $ 72,675 1 B- 8.25 % 8.25 % 6.3 N/A Consumer loan bonds 56,846 57,480 33 (7,075 ) 50,438 6 B 5.50 % 20.26 % 1.6 N/A MSR bond 228,000 228,000 — (400 ) 227,600 2 BBB- 5.24 % 4.89 % 8.8 N/A Fair Value Option Securities Interest-only Securities 6,832,353 259,725 23,694 (13,025 ) 270,394 79 AA+ 1.38 % 6.58 % 3.0 N/A Servicing Strips 975,048 8,588 1,720 (198 ) 10,110 31 N/A 0.21 % 13.23 % 6.0 N/A Unrealized losses that are considered other-than-temporary and are attributable to credit losses are recognized currently in earnings. During the year ended December 31, 2019 , New Residential recorded OTTI charges of $25.2 million with respect to real estate securities. During the year ended December 31, 2018 , New Residential recorded OTTI of $30.0 million . During the year ended December 31, 2017 , New Residential recorded OTTI of $10.3 million . 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 December 31, 2019 . 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 $ 10,805,953 $ 4,798,637 $ (1,208 ) $ 4,797,429 $ (32,342 ) $ 4,765,087 124 AA+ 3.02 % 2.86 % 6.8 12 or More Months 1,704,469 210,058 (2,024 ) 208,034 (18,484 ) 189,550 64 BB+ 4.20 % 6.50 % 4.7 Total/Weighted Average $ 12,510,422 $ 5,008,695 $ (3,232 ) $ 5,005,463 $ (50,826 ) $ 4,954,637 188 AA 3.07 % 3.01 % 6.8 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of December 31, 2019 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 51 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 15 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: December 31, 2019 Gross Unrealized Losses Fair Value Amortized Cost Basis After Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell (C) $ — $ — $ — $ — 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 228,228 237,626 (3,232 ) (9,398 ) Non-credit impaired securities 4,726,409 4,767,837 — (41,428 ) Total debt securities in an unrealized loss position $ 4,954,637 $ 5,005,463 $ (3,232 ) $ (50,826 ) (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 not have unrealized losses reflected in other comprehensive income as of December 31, 2019 . (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: Year Ended December 31, 2019 2018 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 52,803 $ 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 23,059 16,924 Additions for credit losses on securities for which an OTTI was not previously recognized 2,115 13,093 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/paid off during the period (18,914 ) (1,035 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 59,063 $ 52,803 The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS: December 31, 2019 2018 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 9,048,847 36.6 % $ 7,318,616 37.7 % Southeastern U.S. 5,983,966 24.2 % 4,613,314 23.8 % Northeastern U.S. 5,416,137 21.9 % 3,829,725 19.7 % Midwestern U.S. 2,562,269 10.4 % 2,063,263 10.6 % Southwestern U.S. 1,440,467 5.8 % 1,321,853 6.8 % Other (B) 296,273 1.1 % 250,833 1.4 % $ 24,747,959 100.0 % $ 19,397,604 100.0 % (A) Excludes $25.0 million and $56.8 million face amount of bonds backed by consumer loans and $85.0 million and $85.0 million face amount of bonds backed by corporate debt as of December 31, 2019 and December 31, 2018 , 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 year ended December 31, 2019 , excluding residual and fair value option securities, the face amount of these real estate securities was $1,045.4 million , with total expected cash flows of $1,020.2 million and a fair value of $612.3 million on the dates that New Residential purchased the respective securities. For those securities acquired during the year ended December 31, 2018 , excluding residual and fair value option securities, the face amount was $1,723.6 million , the total expected cash flows were $1,546.6 million and the fair value was $1,148.7 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 December 31, 2019 $ 5,701,736 $ 3,830,369 December 31, 2018 6,385,306 4,217,242 The following is a summary of the changes in accretable yield for these securities: Year Ended December 31, 2019 2018 Beginning Balance $ 2,245,983 $ 2,000,266 Additions 407,864 397,934 Accretion (239,682 ) (290,014 ) Reclassifications from (to) non-accretable difference (233,683 ) 156,070 Disposals (298,006 ) (18,273 ) Ending Balance $ 1,882,476 $ 2,245,983 See Note 12 regarding the financing of real estate securities.

INVESTMENTS IN RESIDENTIAL MORT

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED	INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED New Residential accumulated its residential mortgage loan portfolio through various bulk acquisitions and the execution of call rights. As a result of the Shellpoint Acquisition, New Residential, through its wholly owned subsidiary, NewRez, originates residential mortgage loans for sale and securitization to third parties and generally retains the servicing rights on the underlying 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-Investment, at fair value • Loans Held-for-Sale, at lower of cost or fair value • Loans Held-for-Sale, at fair value • Real Estate Owned (“REO”) The following table presents certain information regarding New Residential’s residential mortgage loans outstanding by loan type, excluding REO: December 31, 2019 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount LTV Ratio (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Loan Type Performing Loans (G) (J) $ 858,703 $ 859,428 13,627 6.9 % 5.3 8.8 % 76.1 % 15.8 % 646 Purchased Credit Deteriorated Loans (H) 96,420 66,278 945 8.5 % 3.2 21.8 % 91.1 % 60.0 % 588 Total Residential Mortgage Loans, held-for-investment $ 955,123 $ 925,706 14,572 7.1 % 5.1 10.1 % 77.6 % 20.2 % 641 Reverse Mortgage Loans (E) (F) $ 11,628 $ 5,844 28 7.9 % 4.6 5.7 % 149.9 % 69.5 % N/A Performing Loans (G) (I) 839,141 857,821 12,808 4.5 % 4.0 62.7 % 50.1 % 7.8 % 688 Non-Performing Loans (H) (I) 680,736 565,387 5,032 5.2 % 3.1 11.8 % 73.8 % 77.3 % 587 Total Residential Mortgage Loans, held-for-sale $ 1,531,505 $ 1,429,052 17,868 4.9 % 3.6 39.7 % 61.4 % 39.2 % 643 Acquired Loans 3,132,007 3,024,288 19,204 4.0 % 7.0 3.3 % 62.2 % 23.1 % 626 Originated Loans 1,543,799 1,589,324 5,806 3.8 % 28.6 3.5 % 79.0 % 8.2 % 674 Total Residential Mortgage Loans, held-for-sale, at fair value (K) $ 4,675,806 $ 4,613,612 25,010 4.0 % 14.1 3.4 % 67.8 % 18.2 % 642 December 31, 2018 Loan Type Performing Loans (G) (J) $ 636,874 $ 591,264 8,424 8.0 % 4.8 20.3 % 77.7 % 8.9 % 649 Purchased Credit Deteriorated Loans (H) 191,497 144,065 1,556 7.6 % 3.1 16.4 % 84.6 % 71.5 % 596 Total Residential Mortgage Loans, held-for-investment $ 828,371 $ 735,329 9,980 7.9 % 4.4 19.4 % 79.3 % 23.3 % 637 Reverse Mortgage Loans (E) (F) $ 13,807 $ 6,557 37 8.1 % 4.8 10.6 % 142.5 % 67.8 % N/A Performing Loans (G) (I) 408,724 413,883 7,144 4.4 % 3.9 56.6 % 61.3 % 9.0 % 670 Non-Performing Loans (H) (I) 621,700 512,040 5,029 5.5 % 3.0 14.9 % 88.1 % 72.6 % 588 Total Residential Mortgage Loans, held-for-sale $ 1,044,231 $ 932,480 12,210 5.1 % 3.4 31.2 % 78.3 % 47.6 % 621 Acquired Loans 2,295,340 2,153,269 12,873 4.5 % 8.0 7.7 % 75.7 % 14.0 % 626 Originated Loans 638,173 655,260 2,307 5.2 % 28.5 96.3 % 80.0 % 3.8 % 714 Total Residential Mortgage Loans, held-for-sale, at fair value (K) $ 2,933,513 $ 2,808,529 15,180 4.6 % 12.5 27.0 % 76.6 % 11.8 % 645 (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. Mr. Cooper holds the other 30% interest and services the loans. The average loan balance outstanding based on total UPB was $0.6 million and $0.5 million at December 31, 2019 and 2018 , respectively. Approximately 45.6% and 54.9% of these loans have reached a termination event at December 31, 2019 and 2018 , respectively. 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 December 31, 2019 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (J) below. (I) Includes $36.0 million and $26.9 million UPB of Ginnie Mae EBO performing and non-performing loans as of December 31, 2019 , respectively, on accrual status as contractual cash flows are guaranteed by the FHA. As of December 31, 2018 , these amounts were $24.3 million and $51.9 million , respectively. (J) Includes $107.7 million and $345.1 million UPB of non-agency mortgage loans underlying the SAFT 2013-1 securitization and MDST Trusts, respectively, which are carried at fair value based on New Residential’s election of the fair value option. Interest earned on loans measured at fair value are reported in other income. (K) New Residential elected the fair value option to measure these loans at fair value on a recurring basis. Interest earned on loans measured at fair value are reported in other income. 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 December 31, State Concentration 2019 2018 California 16.1 % 16.7 % New York 9.0 % 11.7 % Florida 8.4 % 8.8 % Texas 7.1 % 4.7 % Georgia 4.8 % 2.7 % New Jersey 4.2 % 5.3 % Illinois 3.6 % 4.0 % Maryland 3.3 % 3.6 % Massachusetts 3.3 % 3.1 % Pennsylvania 2.9 % 3.1 % Other U.S. 37.3 % 36.3 % 100.0 % 100.0 % See Note 12 regarding the financing of residential mortgage loans and related assets. Call Rights New Residential has executed calls with respect to 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. For the year ended December 31, 2019 , New Residential executed calls on a total of 140 trusts and recognized $54.4 million of interest income on securities held in the collapsed trusts and $156.2 million of gain on securitizations accounted for as sales. 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: December 31, 2019 Days Past Due Delinquency Status (A) Current 86.5 % 30-59 7.0 % 60-89 2.7 % 90-119 (B) 0.7 % 120+ (C) 3.1 % 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 performing residential mortgage loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 507,615 Shellpoint Acquisition 125,350 Purchases/additional fundings 55,993 Proceeds from repayments (106,236 ) Accretion of loan discount (premium) and other amortization (A) 15,773 Provision for loan losses (1,028 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (5,131 ) Transfers of loans to held for sale (1,555 ) Fair value adjustment 472 Balance at December 31, 2018 $ 591,253 Ditech Acquisition (C) 381,039 Purchases/additional fundings — Proceeds from repayments (102,340 ) Accretion of loan discount (premium) and other amortization (A) 12,661 Provision for loan losses (595 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (6,223 ) Transfers of loans to held for sale (20,505 ) Fair value adjustment 4,138 Balance at December 31, 2019 $ 859,428 (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). (C) As a result of the Ditech Acquisition, New Residential acquired the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the trusts. 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) 1,028 Charge-offs (B) (1,224 ) Balance at December 31, 2018 $ — Provision for loan losses (A) 595 Charge-offs (B) (595 ) Balance at December 31, 2019 $ — (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 (38,276 ) Accretion of loan discount and other amortization 24,124 (Allowance) reversal for loan losses (A) — Transfer of loans to real estate owned (28,060 ) Transfer of loans to held-for-sale (27,048 ) Balance at December 31, 2018 $ 144,065 Purchases/additional fundings — Sales — Proceeds from repayments (16,855 ) Accretion of loan discount and other amortization 16,041 (Allowance) reversal for loan losses (2,332 ) Transfer of loans to real estate owned (14,487 ) Transfer of loans to held-for-sale (60,154 ) Balance at December 31, 2019 $ 66,278 (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 a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 88,631 Additions 15,644 Accretion (24,124 ) Reclassifications from non-accretable difference (A) 5,493 Disposals (B) (7,257 ) Transfer of loans to held-for-sale (C) (9,755 ) Balance at December 31, 2018 $ 68,632 Additions — Accretion (16,041 ) Reclassifications from (to) non-accretable difference (A) 9,361 Disposals (B) (11,515 ) Transfer of loans to held-for-sale (C) (13,415 ) Balance at December 31, 2019 $ 37,022 (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, at Lower of Cost or Fair Value Activities related to the carrying value of loans held-for-sale, at lower of cost or fair value were as follows: Balance at December 31, 2017 $ 1,725,534 Purchases (A) 3,653,608 Transfer of loans from held-for-investment (B) 28,603 Sales (4,205,375 ) Transfer of loans to other assets (C) (9,811 ) Transfer of loans to real estate owned (54,114 ) Proceeds from repayments (195,797 ) Valuation (provision) reversal on loans (D) (10,168 ) Balance at December 31, 2018 $ 932,480 Purchases (A) 1,124,099 Ditech Acquisition 9,136 Transfer of loans from held-for-investment (B) 80,659 Sales (495,925 ) Transfer of loans to other assets (C) (10,154 ) Transfer of loans to real estate owned (49,459 ) Proceeds from repayments (184,683 ) Valuation (provision) reversal on loans (D) 22,899 Balance at December 31, 2019 $ 1,429,052 (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 $5.2 million and $59.2 million of provision related to the call transactions executed during the years ended December 31, 2019 and 2018 , respectively. Loans Held-for-Sale, at Fair Value Activities related to the carrying value of originated loans held-for-sale, at fair value were as follows: Balance at December 31, 2018 $ 655,260 Originations 19,512,072 Ditech Acquisition 618,297 Sales (19,176,028 ) Proceeds from repayments (48,626 ) Transfer of loans to other assets (412 ) Change in fair value 28,761 Balance at December 31, 2019 $ 1,589,324 Activities related to the carrying value of acquired loans held-for-sale, at fair value were as follows: Balance at December 31, 2018 $ 2,153,269 Purchases (A) 7,499,614 Sales (6,362,077 ) Proceeds from repayments (187,311 ) Transfer of loans to real estate owned (4,155 ) Accretion of loan discount and other amortization — Change in fair value (75,052 ) Balance at December 31, 2019 $ 3,024,288 (A) Includes an acquisition date fair value adjustment increase of $13.3 million on loans acquired through call transactions executed during the twelve months ending December 31, 2019 . Net Interest Income December 31, 2019 2018 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 60,301 $ 76,129 Acquired Residential Mortgage Loans, held-for-sale 65,926 45,653 Acquired Residential Mortgage Loans, held-for-sale, at fair value 123,446 35,904 Originated Residential Mortgage Loans, held-for-sale, at fair value 52,480 15,658 Total Interest Income on Residential Mortgage Loans 302,153 173,344 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 19,381 23,618 Acquired Residential Mortgage Loans, held-for-sale 40,067 35,796 Acquired Residential Mortgage Loans, held-for-sale, at fair value 98,850 21,496 Originated Residential Mortgage Loans, held-for-sale,at fair value 10,873 2,690 Total Interest Expense on Residential Mortgage Loans 169,171 83,600 Total Net Interest Income on Residential Mortgage Loans $ 132,982 $ 89,744 Gain on originated mortgage loans, held-for-sale, net NewRez, a wholly owned subsidiary of New Residential, originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. The GSEs or Ginnie Mae guarantee conventional and government-insured mortgage securitizations and mortgage investors issue nonconforming private label mortgage securitizations while NewRez generally retains the right to service the underlying residential mortgage loans. In connection with the transfer of loans to the GSEs or mortgage investors, New Residential reports gain on originated mortgage loans, held-for-sale, net in its Consolidated Statements of Income. Gain on originated mortgage loans, held-for-sale, net is summarized below: Year Ended December 31, 2019 2018 (A) Gain on loans originated and sold, net (B) $ 53,554 $ 47,172 Gain (loss) on settlement of mortgage loan origination derivative instruments (C) (53,374 ) 1,234 MSRs retained on transfer of loans (D) 374,450 35,311 Other (E) 42,912 14,057 Realized gain on sale of originated mortgage loans, net $ 417,542 $ 97,774 Change in fair value of loans 28,761 3,695 Change in fair value of interest rate lock commitments (Note 11) 26,151 23 Change in fair value of derivative instruments (Note 11) 3,001 (5,347 ) Gain on originated mortgage loans, held-for-sale, net $ 475,455 $ 96,145 (A) Includes results from July 3, 2018, the date of acquisition. (B) Includes loan origination fees of $421.3 million and $21.8 million in the years ended December 31, 2019 and December 31, 2018 , respectively. (C) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (D) Represents the initial fair value of the capitalized mortgage servicing rights upon loan sales with servicing retained. (E) Includes fees for services associated with the loan origination process. 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 33,377 Transfer of loans to real estate owned 107,577 Sales (A) (152,725 ) Valuation provision on REO (3,114 ) Balance at December 31, 2018 $ 113,410 Purchases 68,024 Transfer of loans to real estate owned 86,167 Sales (A) (150,431 ) Valuation (provision) reversal on REO 635 Balance at December 31, 2019 $ 117,805 (A) Recognized when control of the property has transferred to the buyer. As of December 31, 2019 , New Residential had residential mortgage loans that were in the process of foreclosure with an unpaid principal balance of $433.1 million . In addition, New Residential has recognized $19.1 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. During the first quarter of 2018, New Residential formed entities (the “RPL Borrowers”) that issued securitized debt collateralized by reperforming residential mortgage loans. New Residential evaluated these entities under the VIE model and concluded them to be VIEs. See Note 14 for information on the analysis and assets and liabilities related to these consolidated VIEs.

INVESTMENTS IN CONSUMER LOANS

INVESTMENTS IN CONSUMER LOANS	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN CONSUMER LOANS	INVESTMENTS IN CONSUMER LOANS New Residential, through 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 December 31, 2019 , New Residential owns 53.5% of the limited liability company interests in, and consolidates, the Consumer Loan Companies. On June 4, 2019, the Consumer Loan Companies refinanced the outstanding asset-backed notes with an asset-backed securitization for approximately $938.7 million . The proceeds in excess of the refinanced debt of $13.4 million were distributed to the respective co-investors of which New Residential received approximately $7.8 million . 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) December 31, 2019 Consumer Loan Companies Performing Loans $ 644,676 53.5 % $ 682,310 18.8 % 4.0 4.7 % Purchased Credit Deteriorated Loans (C) 170,083 53.5 % 136,633 15.5 % 3.7 10.1 % Other - Performing Loans 9,158 100.0 % 8,602 15.1 % 0.7 6.1 % Total Consumer Loans, held-for-investment $ 823,917 $ 827,545 18.0 % 3.9 5.9 % December 31, 2018 Consumer Loan Companies Performing Loans $ 815,341 53.5 % $ 856,563 18.8 % 3.6 5.4 % Purchased Credit Deteriorated Loans (C) 221,910 53.5 % 182,917 16.0 % 3.4 11.6 % Other - Performing Loans 35,326 100.0 % 32,722 14.2 % 0.8 5.6 % Total Consumer Loans, held-for-investment $ 1,072,577 $ 1,072,202 18.1 % 3.5 6.7 % (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 12 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: December 31, 2019 Days Past Due Delinquency Status (A) Current 95.3 % 30-59 1.8 % 60-89 1.2 % 90-119 (B) 0.7 % 120+ (B) (C) 1.0 % 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) 63,971 Proceeds from repayments (257,182 ) Accretion of loan discount and premium amortization, net 1,940 Gross charge-offs (56,870 ) Additions to the allowance for loan losses, net (388 ) Balance at December 31, 2018 $ 889,285 Purchases — Additional fundings (A) 54,375 Proceeds from repayments (213,525 ) Accretion of loan discount and premium amortization, net 186 Gross charge-offs (38,563 ) Additions to the allowance for loan losses, net (846 ) Balance at December 31, 2019 $ 690,912 (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 47,839 388 48,227 Net charge-offs (C) (49,664 ) — (49,664 ) Balance at December 31, 2018 $ 2,604 $ 2,064 $ 4,668 Provision (reversal) for loan losses 30,008 846 30,854 Net charge-offs (C) (32,057 ) — (32,057 ) Balance at December 31, 2019 $ 555 $ 2,910 $ 3,465 (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 December 31, 2019 , there are $18.0 million in UPB and $15.9 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 $8.6 million and $9.0 million in recoveries of previously charged-off UPB in 2019 and 2018 , respectively. 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) (31 ) Proceeds from repayments (90,700 ) Accretion of loan discount and other amortization 37,199 Balance at December 31, 2018 $ 182,917 (Allowance) reversal for loan losses (A) 31 Proceeds from repayments (78,519 ) Accretion of loan discount and other amortization 32,204 Balance at December 31, 2019 $ 136,633 (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 December 31, 2019 $ 170,083 $ 136,633 December 31, 2018 221,910 182,917 The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2017 $ 132,291 Accretion (37,199 ) Reclassifications from (to) non-accretable difference (A) 31,426 Balance at December 31, 2018 $ 126,518 Accretion (32,204 ) Reclassifications from (to) non-accretable difference (A) 10,949 Balance at December 31, 2019 $ 105,263 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible. 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. As of December 31, 2019 , LoanCo has distributed all net assets to New Residential and LoanCo co-investors and New Residential’s investment in LoanCo carried a $0.0 balance. The final distribution resulted in a gain of $3.6 million on the investment to New Residential. 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. New Residential and LoanCo co-investors are vested in the warrants to purchase an aggregate of 177.7 million Series F convertible preferred stock in ParentCo as of December 31, 2019 . 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. As of December 31, 2019, WarrantCo has distributed all warrants to New Residential and WarrantCo co-investors. The warrants are now held on New Residential’s balance sheet in Other Assets and carried at a $28.0 million . New Residential accounted for its investment in WarrantCo pursuant to the equity method of accounting because it could exercise significant influence over WarrantCo but the requirements for consolidation were not met. The following tables summarize the investment in LoanCo and WarrantCo held by New Residential: December 31, 2019 December 31, 2018 (A) Consumer loans, at fair value $ — $ 231,560 Warrants, at fair value — 103,067 Other assets — 25,971 Warehouse financing — (182,065 ) Other liabilities — (1,142 ) Equity $ — $ 177,391 Undistributed retained earnings $ — $ — New Residential’s investment $ — $ 42,875 New Residential’s ownership 24.3 % 24.2 % Year Ended December 31, 2019 2018 (A) Interest income $ 19,912 $ 42,920 Interest expense (6,487 ) (12,258 ) Change in fair value of consumer loans and warrants (4,596 ) 17,491 Gain on sale of consumer loans (B) (10,711 ) 2,697 Other expenses (3,871 ) (7,257 ) Net income $ (5,753 ) $ 43,593 New Residential’s equity in net income $ (1,438 ) $ 10,803 New Residential’s ownership 25.0 % 24.8 % (A) Data as of, and for the periods ended, November 30, 2018, as a result of the one month reporting lag. (B) During the year ended December 31, 2019 , LoanCo sold, through securitizations which were treated as sales for accounting purposes, $406.1 million in UPB of consumer loans. LoanCo retained $83.9 million of residual interest in the securitizations and distributed them to the LoanCo co-investors, including New Residential. New Residential’s investment in LoanCo and WarrantCo changed as follows: Balance at December 31, 2018 $ 38,294 Contributions to equity method investees 64,499 Distributions of earnings from equity method investees (8,607 ) Distributions of capital from equity method investees (92,748 ) Earnings from investments in consumer loans, equity method investees (1,438 ) Balance at December 31, 2019 $ —

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES New Residential uses interest rate swaps and interest rate caps as 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 December 31, 2019 , New Residential held to-be-announced forward contract positions (“TBAs”) which were entered into as an economic hedge in order to mitigate New Residential’s interest rate risk on certain specified mortgage backed securities 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. As of December 31, 2019 , New Residential also held interest rate lock commitments (“IRLCs”), which represent a commitment to a particular interest rate provided the borrower is able to close the loan within a specified period, and forward loan sale and securities delivery commitments, which represent a commitment to sell specific mortgage loans at prices which are fixed as of the forward commitment date. New Residential enters into forward loan sale and securities delivery commitments in order to hedge the exposure related to IRLCs and mortgage loans that are not covered by mortgage loan sale commitments. In addition, as of December 31, 2019 , New Residential held 42.0 million in warrants to acquire Series F convertible preferred stock in the Consumer Loan Seller, which were valued at $28.0 million and are reported in Other Assets (Note 2) on the balance sheet. New Residential’s derivatives are recorded at fair value on the Consolidated Balance Sheets as follows: December 31, Balance Sheet Location 2019 2018 Derivative assets Interest Rate Caps Other assets $ — $ 3 Interest Rate Swaps Other assets 155 — Interest Rate Lock Commitments Other assets 41,346 10,851 Forward Loan Sale Commitments Other assets — 39 TBAs Other assets — — $ 41,501 $ 10,893 Derivative liabilities Interest Rate Swaps (A) Accrued expenses and other liabilities $ — $ 5,245 Interest Rate Lock Commitments Accrued expenses and other liabilities 1,455 223 Forward Loan Sale Commitments Accrued expenses and other liabilities 27 — TBAs Accrued expenses and other liabilities 5,403 23,921 $ 6,885 $ 29,389 (A) Net of $171.8 million and $106.1 million of related variation margin accounts as of December 31, 2019 and December 31, 2018 , respectively. The following table summarizes notional amounts related to derivatives: December 31, 2019 2018 Interest Rate Caps (A) $ 12,500 $ 50,000 Interest Rate Swaps (B) 4,900,000 4,725,000 Interest Rate Lock Commitments 4,043,935 823,187 Forward Loan Sale Commitments 43,654 30,274 TBAs, short position (C) 5,048,000 5,904,300 TBAs, long position (C) 11,692,212 — 5,067,200 (A) As of December 31, 2019 , caps LIBOR at 4.00% for $12.5 million of notional. The weighted average maturity of the interest rate caps as of December 31, 2019 was 11 months. (B) Includes $4.0 billion notional of Receive LIBOR/Pay Fixed of 3.2% and $0.9 billion notional of Receive Fixed of 1.9% /Pay LIBOR with weighted average maturities of 36 months and 87 months, respectively, as of December 31, 2019 . Includes $4.7 billion notional of Receive LIBOR/Pay Fixed of 3.21% with weighted average maturities of 52 months, as of December 31, 2018 . (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes all income (losses) recorded in relation to derivatives: Year Ended December 31, 2019 2018 2017 Change in fair value of derivative investments (A) Interest Rate Caps $ (3 ) $ 431 $ 323 Interest Rate Swaps (58,918 ) (108,098 ) (720 ) Unrealized gains(losses) on Interest Rate Lock Commitments — — — Forward Loan Sale Commitments — — — TBAs 2,778 (567 ) (1,793 ) (56,143 ) (108,234 ) (2,190 ) Gain (loss) on settlement of investments, net Interest Rate Caps $ — $ (603 ) $ (1,911 ) Interest Rate Swaps (8,671 ) 65,823 6,921 TBAs (B) (121,252 ) (10,353 ) (44,224 ) (129,923 ) 54,867 (39,214 ) Gain on originated mortgage loans, held for sale, net (A) Interest Rate Lock Commitments $ 26,151 $ 23 $ — TBAs 3,067 (5,064 ) — Forward Loan Sale Commitments (66 ) (283 ) — 29,152 (5,324 ) — Total income (losses) $ (156,914 ) $ (58,691 ) $ (41,404 ) (A) Represents unrealized gains (losses). (B) Excludes $53.4 million and $1.2 million in loss on settlement included within gain on originated mortgage loans, held-for-sale, net (Note 9) for the years ended December 31, 2019 and 2018 , respectively.

DEBT OBLIGATIONS

DEBT OBLIGATIONS	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS The following table presents certain information regarding New Residential’s debt obligations: December 31, 2019 December 31, 2018 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) $ 15,481,677 $ 15,481,677 Jan-20 to May-20 1.99 % 0.1 $ 15,499,156 $ 15,810,728 $ 15,862,218 4.0 $ 4,346,070 Non-Agency RMBS (E) 7,317,519 7,317,519 Jan-20 to Sep-20 2.76 % 0.1 25,220,620 8,014,409 8,661,349 7.0 7,434,785 Residential Mortgage Loans (F) 5,054,667 5,053,207 Feb-20 to May-21 3.48 % 0.6 5,778,009 5,847,650 5,577,297 15.4 3,678,246 Real Estate Owned (G) (H) 63,846 63,822 Feb-20 to May-21 3.53 % 0.7 N/A N/A 77,556 N/A 94,868 Total Repurchase Agreements 27,917,709 27,916,225 2.47 % 0.2 15,553,969 Notes and Bonds Payable Excess MSRs (I) 217,300 217,300 Feb-20 to Jul-22 4.45 % 2.6 97,846,949 306,803 394,644 5.9 297,563 MSRs (J) 2,646,540 2,640,036 Mar-20 to Jul-24 4.16 % 1.6 394,098,370 3,998,060 4,446,855 5.7 2,360,856 Servicer Advances (K) 3,189,486 3,181,672 Jan-20 to Aug-23 2.90 % 2.1 3,587,593 3,858,818 3,883,151 1.4 3,382,455 Residential Mortgage Loans (L) 866,001 864,451 Apr-20 to Dec-45 4.63 % 8.3 1,183,625 1,199,326 1,171,201 7.1 124,945 Consumer Loans (M) 813,808 816,689 Dec-21 to May-36 3.25 % 3.9 823,806 830,900 827,434 3.9 936,447 Total Notes and Bonds Payable 7,733,135 7,720,148 3.60 % 2.8 7,102,266 Total/Weighted Average $ 35,650,844 $ 35,636,373 2.71 % 0.8 $ 22,656,235 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through the date of issuance were refinanced, extended or repaid. (C) These repurchase agreements had approximately $84.1 million of associated accrued interest payable as of December 31, 2019 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $5.3 billion of related trade and other receivables. (E) $6,788.4 million face amount of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates while the remaining $529.1 million face amount of the Non-Agency RMBS repurchase agreements have a fixed rate. This also includes repurchase agreements and related collateral of $7.5 million and $10.0 million , respectively, on retained consumer loan bonds and of $638.6 million and $744.4 million , respectively, on retained bonds collateralized by Agency MSRs. (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 $217.3 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 2.75% . 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: $1,250.0 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 ranging from 2.25% to 2.75% ; $59.5 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 $1,337.1 million of public notes with fixed interest rates ranging from 3.55% to 4.62% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and MSR financing receivables that secure these notes. (K) $1.9 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 1.0% to 2.0% . Collateral includes Servicer Advance Investments, as well as servicer advances receivable related to the mortgage servicing rights and MSR financing receivables owned by NRM. (L) Represents: (i) a $5.6 million note payable to Mr. Cooper which includes a $2.1 million receivable from government agency and bears interest equal to one-month LIBOR plus 2.88% , (ii) $105.3 million of SAFT 2013-1 mortgage-backed securities issued with fixed interest rates ranging from 3.50% to 3.76% (see Note 13 for fair value details), (iii) $353.5 million of 2019-RPL1 asset-backed notes held by third parties which include $0.3 million of REO and bear interest equal to 4.59% (see Note 13 for fair value details), (iv) $202.5 million of MDST Trusts asset-backed notes held by third parties which bear interest equal to 6.58% (see Note 13 for fair value details), and (v) $199.1 million of asset-backed notes held by third parties which include $1.5 million of REO and bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 1.25% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $734.7 million UPB of Class A notes with a coupon of 3.20% and a stated maturity date in May 2036; $70.4 million UPB of Class B notes with a coupon of 3.58% and a stated maturity date in May 2036; and $8.7 million UPB of Class C notes with a coupon of 5.06% and a stated maturity date in May 2036. As of December 31, 2019 , 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 $27.9 billion of repurchase agreements as of December 31, 2019 . 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: Shellpoint Acquisition — — — 1,957 437,675 — 439,632 Borrowings — — — 90,996,778 8,665,900 — 99,662,678 Repayments — — — (85,912,169 ) (7,298,734 ) — (93,210,903 ) Capitalized deferred financing costs, net of amortization — — — (165 ) 589 — 424 Notes and Bonds Payable: Shellpoint Acquisition — 20,731 — — 120,702 — 141,433 Borrowings 350,787 4,212,855 5,207,084 — 183 — 9,770,909 Repayments (537,227 ) (3,022,785 ) (5,887,384 ) — (136,947 ) (308,316 ) (9,892,659 ) Discount on borrowings, net of amortization — — 41 — — 1,633 1,674 Unrealized loss on notes, fair value — — — — 684 — 684 Capitalized deferred financing costs, net of amortization 25 (7,124 ) 2,558 — — 374 (4,167 ) Balance at December 31, 2018 $ 297,563 $ 2,360,856 $ 3,382,455 $ 11,780,855 $ 3,898,059 $ 936,447 $ 22,656,235 Repurchase Agreements: Borrowings — — — 207,138,969 36,177,659 — 243,316,628 Repayments — — — (196,120,793 ) (34,833,314 ) — (230,954,107 ) Capitalized deferred financing costs, net of amortization — — — 165 (429 ) — (264 ) Notes and Bonds Payable: Ditech Acquisition (B) — — — — 209,459 — 209,459 Borrowings 456,741 2,456,410 4,952,585 — 912,445 928,683 9,706,864 Repayments (537,200 ) (2,178,755 ) (5,149,327 ) — (383,635 ) (1,054,610 ) (9,303,527 ) Discount on borrowings, net of amortization — — 102 — — 6,169 6,271 Unrealized loss on notes, fair value — — — — 1,236 — 1,236 Capitalized deferred financing costs, net of amortization 196 1,525 (4,143 ) — — — (2,422 ) Balance at December 31, 2019 $ 217,300 $ 2,640,036 $ 3,181,672 $ 22,799,196 $ 5,981,480 $ 816,689 $ 35,636,373 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances. (B) As a result of the Ditech Acquisition, New Residential acquired the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the respective securities. See Note 9 for the associated loans. Maturities New Residential’s debt obligations as of December 31, 2019 had contractual maturities as follows: Year Nonrecourse Recourse Total 2020 $ 527,231 $ 29,183,656 $ 29,710,887 2021 1,030,932 752,496 1,783,428 2022 1,646,318 217,300 1,863,618 2023 400,000 382,215 782,215 2024 — 389,177 389,177 2025 and thereafter 1,121,519 — 1,121,519 $ 4,726,000 $ 30,924,844 $ 35,650,844 Borrowing Capacity The following table represents New Residential’s borrowing capacity as of December 31, 2019 : Debt Obligations/ Collateral Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential mortgage loans and REO $ 6,296,106 $ 3,685,133 $ 2,610,973 New Loan Originations 4,433,000 1,433,380 2,999,620 Non-Agency RMBS 650,000 529,096 120,904 Notes and Bonds Payable Excess MSRs 150,000 — 150,000 MSRs 1,575,000 1,309,484 265,516 Servicer advances (A) 1,645,000 1,289,521 355,479 Residential Mortgage Loans 650,000 199,132 450,868 Consumer loans 150,000 — 150,000 $ 15,549,106 $ 8,445,746 $ 7,103,360 (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 0.02% fee on the unused borrowing capacity. 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 December 31, 2019

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT U.S. GAAP requires the categorization of fair value measurement into three broad levels which form a hierarchy based on the transparency of inputs to the valuation. Level 1 - Quoted prices in active markets for identical instruments. Level 2 - Valuations based principally on other observable market parameters, including: • Quoted prices in active markets for similar instruments, • Quoted prices in less active or inactive markets for identical or similar instruments, • Other observable inputs (such as interest rates, yield curves, volatilities, prepayment rates, loss severities, credit risks and default rates), and • Market corroborated inputs (derived principally from or corroborated by observable market data). Level 3 - Valuations based significantly on unobservable inputs. New Residential follows this hierarchy for its fair value measurements. The classifications are based on the lowest level of input that is significant to the 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 December 31, 2019 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) $ 88,345,237 $ 379,747 $ — $ — $ 379,747 $ 379,747 Excess mortgage servicing rights, equity method investees, at fair value (A) 33,592,554 125,596 — — 125,596 125,596 Mortgage servicing rights, at fair value (A) 373,850,061 3,967,960 — — 3,967,960 3,967,960 Mortgage servicing rights financing receivables, at fair value (A) 130,984,870 1,718,273 — — 1,718,273 1,718,273 Servicer advance investments, at fair value 462,843 581,777 — — 581,777 581,777 Real estate and other securities, available-for-sale 36,159,591 19,477,728 — 11,519,943 7,957,785 19,477,728 Residential mortgage loans, held-for-investment 502,352 441,263 — — 435,234 435,234 Residential mortgage loans, held-for-sale 1,531,505 1,429,052 — — 1,438,302 1,438,302 Residential mortgage loans, held-for-sale, at fair value (B) 4,675,806 4,613,612 — 1,099,230 3,514,382 4,613,612 Residential mortgage loans, held-for-investment, at fair value (C) 452,771 484,443 — — 484,443 484,443 Residential mortgage loans subject to repurchase 172,336 172,336 — 172,336 — 172,336 Consumer loans, held-for-investment 823,917 827,545 — — 849,739 849,739 Derivative assets 8,360,894 41,501 — 155 41,346 41,501 Cash and cash equivalents 528,737 528,737 528,737 — — 528,737 Restricted cash 162,197 162,197 162,197 — — 162,197 Other assets (D) N/A 60,654 7,952 — 52,703 60,655 $ 35,012,421 $ 698,886 $ 12,791,664 $ 21,547,287 $ 35,037,837 Liabilities: Repurchase agreements $ 27,917,709 $ 27,916,225 $ — $ 27,917,709 $ — $ 27,917,709 Notes and bonds payable (E) 7,733,135 7,720,148 — — 7,779,060 7,779,060 Residential mortgage loan repurchase liability 172,336 172,336 — 172,336 — 172,336 Derivative liabilities 17,379,407 6,885 — 5,430 1,455 6,885 Excess spread financing 2,962,629 31,777 — — 31,777 31,777 Contingent consideration N/A 55,222 — — 55,222 55,222 $ 35,902,593 $ — $ 28,095,475 $ 7,867,514 $ 35,962,989 (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. (B) Includes $267.7 million in fair value of loans that are 90 days or more past due. (C) Includes $21.6 million in fair value of loans that are 90 days or more past due. (D) Excludes the indirect equity investment in a commercial redevelopment project that is accounted for at fair value on a recurring basis based on the NAV of New Residential’s investment. The investment had a fair value of $74.0 million as of December 31, 2019 . (E) Includes the MDST Trusts, SAFT 2013-1 mortgage-backed securities and the 2019-RPL1 asset-backed notes issued for which the fair value option for financial instruments was elected and resulted in a fair value of $659.7 million as of December 31, 2019 . 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 December 31, 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) $ 106,426,363 $ 447,860 $ — $ — $ 447,860 $ 447,860 Excess mortgage servicing rights, equity method investees, at fair value (A) 41,707,963 147,964 — — 147,964 147,964 Mortgage servicing rights, at fair value (A) 258,462,703 2,884,100 — — 2,884,100 2,884,100 Mortgage servicing rights financing receivables, at fair value (A) 130,516,565 1,644,504 — — 1,644,504 1,644,504 Servicer advance investments, at fair value 620,050 735,846 — — 735,846 735,846 Real estate and other securities, available-for-sale 22,152,845 11,636,581 — 2,665,618 8,970,963 11,636,581 Residential mortgage loans, held-for-investment 706,111 614,241 — — 625,321 625,321 Residential mortgage loans, held-for-sale 1,043,550 932,480 — — 958,970 958,970 Residential mortgage loans, held-for-sale, at fair value (B) 2,934,727 2,808,529 — 213,882 2,594,647 2,808,529 Residential mortgage loans, held-for-investment, at fair value (C) 122,260 121,088 — — 121,088 121,088 Residential mortgage loans subject to repurchase 121,602 121,602 — 121,602 — 121,602 Consumer loans, held-for-investment 1,072,577 1,072,202 — — 1,054,820 1,054,820 Derivative assets 840,179 10,893 — 42 10,851 10,893 Cash and cash equivalents 251,058 251,058 251,058 — — 251,058 Restricted cash 164,020 164,020 164,020 — — 164,020 Other assets (D) N/A 16,991 7,778 — 9,213 16,991 $ 23,609,959 $ 422,856 $ 3,001,144 $ 20,206,147 $ 23,630,147 Liabilities: Repurchase agreements $ 15,555,156 $ 15,553,969 $ — $ 15,555,156 $ — $ 15,555,156 Notes and bonds payable 7,117,909 7,102,266 — — 7,076,400 7,076,400 Residential mortgage loans repurchase liability 121,602 121,602 — 121,602 — 121,602 Derivative liabilities 15,759,782 29,389 — 29,166 223 29,389 Excess spread financing 3,492,587 39,304 — — 39,304 39,304 Contingent consideration N/A 40,842 — — 40,842 40,842 $ 22,887,372 $ — $ 15,705,924 $ 7,156,769 $ 22,862,693 (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. (B) Includes $88.7 million in fair value of loans that are 90 days or more past due. (C) Includes $0.4 million in fair value of loans that are 90 days or more past due. (D) Excludes the indirect equity investment in a commercial redevelopment project that is accounted for at fair value on a recurring basis based on the NAV of New Residential’s investment. The investment had a fair value of $74.3 million as of December 31, 2018 . New Residential has various processes and controls in place to ensure that fair value is reasonably estimated. With respect to the broker and pricing service quotations, to ensure these quotes represent a reasonable estimate of fair value, New Residential’s quarterly procedures include a comparison to quotations from different sources, outputs generated from its internal pricing models and transactions New Residential has completed with respect to these or similar assets or liabilities, as well as on its knowledge and experience of these markets. With respect to fair value estimates generated based on New Residential’s internal pricing models, New Residential corroborates the inputs and outputs of the internal pricing models by comparing them to available independent third party market parameters, where available, and models for reasonableness. New Residential believes its valuation methods and the assumptions used are appropriate and consistent with other market participants. Fair value measurements categorized within Level 3 are sensitive to changes in the assumptions or methodology used to determine fair value and such changes could result in a significant increase or decrease in the fair value. 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) Agency Non-Agency MSRs (A) Mortgage Servicing Rights Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans 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 (D) Transfers from Level 3 — — — — — — — — — — Transfers to Level 3 — — — — — — — — — — Shellpoint Acquisition — — — 275,964 (124,652 ) — — 10,604 179,644 341,560 Gains (losses) included in net income Included in other-than-temporary impairment on securities (E) — — — — — — (24,940 ) — — (24,940 ) Included in change in fair value of investments in excess mortgage servicing rights (E) (18,099 ) (40,557 ) — — — — — — — (58,656 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (E) — — 8,357 — — — — — — 8,357 Included in servicing revenue, net (F) — — — (199,836 ) — — — — — (199,836 ) Included in change in fair value of investments in mortgage servicing rights financing receivable (E) — — — — 31,550 — — — — 31,550 Included in change in fair value of servicer advance investments — — — — — (89,332 ) — — — (89,332 ) Included in change in fair value of investments in residential mortgage loans — — — — — — — — 46,065 46,065 Included in gain (loss) on settlement of investments, net — 40,417 — — — 72,585 (1,288 ) — — 111,714 Included in other income (loss), net (E) 6,137 307 — — — — 10,283 24 (175 ) 16,576 Gains (losses) included in other comprehensive income (G) — — — — — — 31,031 — — 31,031 Interest income 21,936 22,504 — — — 50,218 377,018 — — 471,676 Purchases, sales and repayments Purchases — — — 1,042,933 128,357 2,332,989 3,854,439 — 2,107,204 9,465,922 Proceeds from sales (19,084 ) — — (5,776 ) (7,472 ) — (86,448 ) — — (118,780 ) Proceeds from repayments (58,139 ) (69,654 ) (32,158 ) — — (2,455,155 ) (1,163,921 ) — (2,111 ) (3,781,138 ) Originations — — — 35,311 — — — — — 35,311 Ocwen Transaction (Note 6) — (611,621 ) — — 1,017,993 (3,202,838 ) — — — (2,796,466 ) Balance at December 31, 2018 $ 257,387 $ 190,473 $ 147,964 $ 2,884,100 $ 1,644,504 $ 735,846 $ 8,970,963 $ 10,628 $ 2,330,627 $ 17,172,492 Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) Agency Non-Agency MSRs (A) Mortgage Servicing Rights Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans Total (continued) Transfers (D) Transfers from Level 3 — — — — — — — — (32,806 ) (32,806 ) Transfers to Level 3 — — — — — — — — 315,577 315,577 Ditech Acquisition — — — 387,170 — — (178,435 ) — 381,039 589,774 Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights — — — 367,121 (367,121 ) — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (E) — — — — — — (25,174 ) — — (25,174 ) Included in change in fair value of investments in excess mortgage servicing rights (E) (7,559 ) (2,946 ) — — — — — — — (10,505 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (E) — — 6,800 — — — — — — 6,800 Included in servicing revenue, net (F) — — — (721,356 ) — — — — — (721,356 ) Included in change in fair value of investments in mortgage servicing rights financing receivable (E) — — — — (189,023 ) — — — — (189,023 ) Included in change in fair value of servicer advance investments — — — — — 10,288 — — — 10,288 Included in change in fair value of investments in residential mortgage loans — — — — — — — — (63,347 ) (63,347 ) Included in gain (loss) on settlement of investments, net 1,479 30 — — — — 97,191 — — 98,700 Included in other income (loss), net (E) 1,523 819 — — — 2,101 29,263 — 33,706 Gains (losses) included in other comprehensive income (G) — — — — — 238,217 — — 238,217 Interest income 14,895 17,752 — — — 27,666 302,705 — — 363,018 Purchases, sales and repayments Purchases — — — 690,049 735,152 1,622,808 2,058,953 — 11,110,245 16,217,207 Proceeds from sales (10,018 ) (57 ) — (1,539 ) (22,989 ) — (1,949,300 ) — (10,638,483 ) (12,622,386 ) Proceeds from repayments (48,074 ) (35,957 ) (29,168 ) (11,625 ) (82,250 ) (1,814,831 ) (1,559,436 ) — (248,503 ) (3,829,844 ) Originations and other — — — 374,040 — — — 844,476 1,218,516 Balance at December 31, 2019 $ 209,633 $ 170,114 $ 125,596 $ 3,967,960 $ 1,718,273 $ 581,777 $ 7,957,785 $ 39,891 $ 3,998,825 $ 18,769,854 (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) For the purpose of this table, the IRLC asset and liability positions are shown net. (D) Transfers are assumed to occur at the beginning of the respective period. (E) 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. (F) The components of Servicing revenue, net are disclosed in Note 6. (G) These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income. New Residential’s liabilities measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess Spread Financing Mortgage-Backed Securities Issued Contingent Consideration Total Balance at December 31, 2017 $ — $ — $ — $ — Transfers (A) Transfers from Level 3 — — — — Transfers to Level 3 — — — — Shellpoint Acquisition 48,262 120,702 39,262 208,226 Gains (losses) included in net income Included in other-than-temporary impairment on securities (B) — — — — Included in change in fair value of investments in excess mortgage servicing rights — — — — Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (B) — — — — Included in servicing revenue, net (C) (8,591 ) — — (8,591 ) Included in change in fair value of investments in notes receivable - rights to MSRs — — — — Included in change in fair value of servicer advance investments — — — — Included in gain (loss) on settlement of investments, net — — — — Included in other income (B) — 684 1,580 2,264 Gains (losses) included in other comprehensive income, net of tax (D) — — — — Interest income — — — — Purchases, sales and payments Purchases — — — — Proceeds from sales — — — — Payments — (4,338 ) — (4,338 ) Other (367 ) — — (367 ) Balance at December 31, 2018 $ 39,304 $ 117,048 $ 40,842 $ 197,194 Transfers (A) Transfers from Level 3 — — — — Transfers to Level 3 — — — — Acquisitions — — 13,893 13,893 Ditech Acquisition (E) — 209,459 — 209,459 Gains (losses) included in net income Included in other-than-temporary impairment on securities (B) — — — — Included in change in fair value of investments in excess mortgage servicing rights — — — — Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (B) — — — — Included in servicing revenue, net (C) (8,406 ) — — (8,406 ) Included in change in fair value of investments in notes receivable - rights to MSRs — — — — Included in change in fair value of servicer advance investments — — — — Included in change in fair value of investments in residential mortgage loans — — — — Included in gain (loss) on settlement of investments, net — — — — Included in other income (B) — 1,236 10,487 11,723 Gains (losses) included in other comprehensive income, net of tax (D) — — — — Interest income — — — — Purchases, sales and payments Purchases — 378,569 — 378,569 Proceeds from sales — — — — Payments — (46,574 ) (10,000 ) (56,574 ) Other 879 — — 879 Balance at December 31, 2019 $ 31,777 $ 659,738 $ 55,222 $ 746,737 (A) Transfers are assumed to occur at the beginning of the respective period. (B) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 liabilities still held at the reporting dates and realized gains (losses) recorded during the period. (C) The components of Servicing revenue, net are disclosed in Note 6. (D) These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income. (E) As a result of the Ditech Acquisition, New Residential acquired MSRs and the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the respective securities. See Note 12 for the associated liability. Investments in Excess MSRs, Excess MSRs Equity Method Investees, MSRs and MSR Financing Receivables Valuation Fair value estimates of New Residential’s investments in MSRs and Excess MSRs were based on internal pricing models. The valuation technique is based on discounted cash flows. Significant inputs used in the valuations included expectations of prepayment rates, delinquency rates, recapture rates, the mortgage servicing amount or excess mortgage servicing amount of the underlying residential mortgage loans, as applicable, and discount rates that market participants would use in determining the fair values of mortgage servicing rights on similar pools of residential mortgage loans. In addition, for investments in MSRs, significant inputs included the market-level estimated cost of servicing. In order to evaluate the reasonableness of its fair value determinations, New Residential engages an independent valuation firm to separately measure the fair value of its investments in MSRs and Excess MSRs. The independent valuation firm determines an estimated fair value range of each pool based on its own models and issues a “fairness opinion” with this range. New Residential compares the range included in the opinion to the value generated by its internal models. To date, New Residential has not made any significant valuation adjustments as a result of these fairness opinions. Significant increases (decreases) in the discount rates, prepayment or delinquency rates, or costs of servicing, in isolation would result in a significantly lower (higher) fair value measurement, whereas significant increases (decreases) in the recapture rates or mortgage servicing amount or excess mortgage servicing amount, as applicable, in isolation would result in a significantly higher (lower) fair value measurement. Generally, a change in the delinquency rate assumption is accompanied by a directionally similar change in the assumption used for the prepayment rate. The following tables summarize certain information regarding the weighted average inputs used: December 31, 2019 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity Years (F) Excess MSRs Directly Held (Note 5) Agency Original Pools 8.6 % 1.1 % 20.3 % 21 20 Recaptured Pools 10.7 % 0.5 % 27.8 % 23 23 9.2 % 0.9 % 22.3 % 22 21 Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 9.7 % N/A 15.5 % 15 24 Recaptured Pools 7.5 % N/A 17.4 % 24 23 9.4 % N/A 15.8 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.3 % 0.9 % 19.4 % 19 22 Excess MSRs Held through Equity Method Investees (Note 5) Agency Original Pools 9.3 % 1.4 % 23.7 % 19 19 Recaptured Pools 10.3 % 0.8 % 26.7 % 24 22 Total/Weighted Average--Excess MSRs Held through Investees 9.8 % 1.1 % 25.1 % 21 20 Total/Weighted Average--Excess MSRs All Pools 9.5 % 1.0 % 21.4 % 20 21 MSRs (Note 6) Agency (H) Mortgage Servicing Rights (I) 12.5 % 1.0 % 23.3 % 28 22 MSR Financing Receivables (I) 15.4 % 0.4 % 15.8 % 27 25 Non-Agency Mortgage Servicing Rights 11.6 % 1.2 % 22.1 % 31 16 MSR Financing Receivables (I) 8.3 % 14.4 % 9.3 % 47 25 Ginnie Mae Mortgage Servicing Rights (J) 16.2 % 4.4 % 28.1 % 42 27 December 31, 2018 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity Years (F) Excess MSRs Directly Held (Note 5) Agency Original Pools 9.8 % 2.5 % 26.3 % 21 21 Recaptured Pools 8.0 % 2.1 % 23.6 % 22 24 Recapture Agreement 7.9 % 2.2 % 24.8 % 22 — 9.1 % 2.4 % 25.4 % 21 22 Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 10.4 % N/A 15.4 % 15 24 Recaptured Pools 8.0 % N/A 19.9 % 23 24 Recapture Agreement 7.9 % N/A 19.8 % 20 — 9.9 % N/A 16.3 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.4 % 2.4 % 21.5 % 19 23 Excess MSRs Held through Equity Method Investees (Note 5) Agency Original Pools 10.9 % 3.9 % 29.6 % 19 20 Recaptured Pools 8.5 % 2.6 % 28.8 % 23 23 Recapture Agreement 8.6 % 2.7 % 30.4 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.6 % 3.2 % 29.4 % 21 21 Total/Weighted Average--Excess MSRs All Pools 9.5 % 2.7 % 24.5 % 20 22 MSRs (Note 6) Agency (H) Mortgage Servicing Rights (I) 9.4 % 1.0 % 22.2 % 26 22 MSR Financing Receivables (I) 9.5 % 0.9 % 14.7 % 27 20 Non-Agency Mortgage Servicing Rights (I) 13.2 % 0.9 % 10.0 % 25 25 MSR Financing Receivables (I) 8.2 % 17.2 % 5.0 % 45 26 Ginnie Mae Mortgage Servicing Rights (J) 11.2 % 3.9 % 24.2 % 33 27 (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 bps. As of December 31, 2019 and 2018 , weighted average costs of subservicing of $7.18 and $7.30 , respectively, per loan per month was used to value the agency MSRs, including MSR Financing Receivables. Weighted average costs of subservicing of $11.28 and $11.45 , respectively, per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. Weighted average cost of subservicing of $9.20 and $10.06 , respectively, per loan per month was used to value the Ginnie Mae MSRs. (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) Represents Fannie Mae and Freddie Mac MSRs. (I) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. (J) Includes valuation of the related Excess spread financing (Note 6). With respect to valuing the Ocwen-serviced MSR financing receivables, which include a significant servicer advances receivable component, the cost of financing servicer advances receivable is assumed to be LIBOR plus 1.8% . As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.8% , respectively, were used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.7% were used to value New Residential’s investments in MSRs, respectively. As of December 31, 2019 and 2018 , weighted average discount rates of 8.9% and 10.3% , respectively, were used to value New Residential’s investments in MSR financing receivables. All of the assumptions listed have some degree of market observability, based on New Residential’s knowledge of the market, relationships with market participants, and use of common market data sources. New Residential uses assumptions that generate its best estimate of future cash flows for each investment in MSRs and Excess MSRs. When valuing investments in MSRs and Excess MSRs, New Residential uses the following criteria to determine the significant inputs: • Prepayment Rate: Prepayment rate projections are in the form of a “vector” that varies over the expected life of the pool. The prepayment vector specifies the percentage of the collateral balance that is expected to prepay voluntarily (i.e., pay off) and involuntarily (i.e., default) at each point in the future. The prepayment vector is based on assumptions that reflect macroeconomic conditions like home price appreciation, current level of interest rates as well as loan level factors such as the borrower’s interest rate, FICO score, loan-to-value ratio, debt-to-income ratio, vintage on a loan level basis. New Residential considers historical prepayment experience associated with the collateral when determining this vector and also reviews industry research on the prepayment experience of similar loan pools. This data is obtained from remittance reports, market data services and other market sources. • Delinquency Rates: For existing mortgage pools, delinquency rates are based on the recent pool-specific experience of loans that missed their latest mortgage payments. Delinquency rate projections are in the form of a “vector” that varies over the expected life of the pool. The delinquency vector specifies the percentage of the unpaid principal balance that is expected to be delinquent each month. The delinquency vector is based on assumptions that reflect macroeconomic conditions, the historical delinquency rates for the pools and the underlying borrower characteristics such as the FICO score and loan-to-value ratio. For the recapture agreements and recaptured loans, delinquency rates are based on the experience of similar loan pools originated by New Residential’s servicers and subservicers, and delinquency experience over the past year. New Residential believes this time period provides a reasonable sample for projecting future delinquency rates while taking into account current market conditions. Additional consideration is given to loans that are expected to become 30 or more days delinquent. • Recapture Rates: Recapture rates are based on actual average recapture rates experienced by New Residential’s servicers and subservicers on similar residential mortgage loan pools. Generally, New Residential looks to three to six months ’ worth of actual recapture rates, which it believes provides a reasonable sample for projecting future recapture rates while taking into account current market conditions. Recapture rate projections are in the form of a “vector” that varies over the expected life of the pool. The recapture vector specifies the percentage of the refinanced loans that have been recaptured within the pool by the servicer or subservicer. The recapture vector takes into account the nature and timeline of the relationship between the borrowers in the pool and the servicer or subservicer, the customer retention programs offered by the servicer or subservicer and the historical recapture rates. • Mortgage Servicing Amount or Excess Mortgage Servicing Amount: For existing mortgage pools, mortgage servicing amount and excess mortgage servicing amount projections are based on the actual total mortgage servicing amount, in excess of a base fee as applicable. For loans expected to be refinanced by the related servicer or subservicer and subject to a recapture agreement, New Residential considers the mortgage servicing amount or excess mortgage servicing amount on loans recently originated by the related servicer over the past three months and other general market considerations. New Residential believes this time period provides a reasonable sample for projecting future mortgage servicing amounts and excess mortgage servicing amounts while taking into account current market conditions. • Discount Rate: The discount rates used by New Residential are derived from market data on pricing of mortgage servicing rights backed by similar collateral. • Cost of subservicing: The costs of subservicing used by New Residential are based on available market data for various loan types and delinquency statuses. New Residential uses different prepayment and delinquency assumptions in valuing the MSRs and Excess MSRs relating to the original loan pools, the recapture agreements and the MSRs and Excess MSRs relating to recaptured loans. The prepayment rate and delinquency rate assumptions differ because of differences in the collateral characteristics, refinance potential and expected borrower behavior for original loans and loans which have been refinanced. The assumptions for recapture and discount rates when valuing investments in MSRs and Excess MSRs and recapture agreements are based on historical recapture experience and market pricing. Servicer Advance Investments Valuation New Residential uses internal pricing models to estimate the future cash flows related to the Servicer Advance Investments that incorporate significant unobservable inputs and include assumptions that are inherently subjective and imprecise. New Residential’s estimations of future cash flows include the combined cash flows of all of the components that comprise the Servicer Advance Investments: existing advances, the requirement to purchase future advances, the recovery of advances and the right to the basic fee component of the related MSR. The factors that most significantly impact the fair value include (i) the rate at which the servicer advance balance changes over the term of the investment, (ii) the UPB of the underlying loans with respect to which New Residential has the obligation to make advances and owns the basic fee component of the related MSR which, in turn, is driven by prepayment rates and (iii) the percentage of delinquent loans with respect to which New Residential owns the basic fee component of the related MSR. The valuation technique is based on discounted cash flows. Significant inputs used in the valuations included the assumptions used to establish the aforementioned cash flows and discount rates that market participants would use in determining the fair values of Servicer Advance Investments. In order to evaluate the reasonableness of its fair value determinations, New Residential engages an independent valuation firm to separately measure the fair value of its Servicer Advance Investments. The independent valuation firm determines an estimated fair value range based on its own models and issues a “fairness opinion” with this range. New Residential compares the range included in the opinion to the value generated by its internal models. To date, New Residential has not made any significant valuation adjustments as a result of these fairness opinions. Significant increases (decreases) in the advance balance-to-UPB ratio, prepayment rate, delinquency rate, or discount rate, in isolation, would result in a significantly lower (higher) fair value measurement. Generally, a change in the delinquency rate assumption is accompanied by a directionally similar change in the assumption used for the advance balance-to-UPB ratio. 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) December 31, 2019 1.4 % 10.6 % 15.7 % 19.6 bps 5.3 % 22.9 December 31, 2018 1.4 % 10.9 % 17.7 % 19.6 bps 5.9 % 23.4 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 10.1 bps and 9.6 bps which represent the amounts New Residential paid its servicers as a monthly servicing fee as of December 31, 2019 and 2018 , respectively. (C) Weighted average maturity of the underlying residential mortgage loans in the pool. The valuation of the Servicer Advance Investments also takes into account the performance fee paid to the servicer, which in the case of the Buyer is bas

CONSOLIDATED VARIABLE INTEREST

CONSOLIDATED VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED VARIABLE INTEREST ENTITIES	Consolidated Variable Interest Entities VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. A VIE is required to be consolidated only by its primary beneficiary, which is defined as the party who has the power to direct the activities of a VIE that most significantly impact its economic performance and who has the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE. To assess whether New Residential has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, New Residential considers all the facts and circumstances, including its role in establishing the VIE and its ongoing rights and responsibilities. This assessment includes, first, identifying the activities that most significantly impact the VIE’s economic performance; and second, identifying which party, if any, has power over those activities. To assess whether New Residential has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, New Residential considers all of its economic interests and applies judgment in determining whether these interests, in the aggregate, are considered potentially significant to the VIE. Servicer Advance Investment New Residential, through a taxable wholly owned subsidiary, is the managing member of the Buyer and owned approximately 73.2% of the Buyer as of December 31, 2019. In 2013, New Residential created the Buyer to acquire the then outstanding servicing advance receivables related to a portfolio of residential mortgage loans from a third party. The Buyer is required to purchase all future servicer advances made with respect to this portfolio of mortgage loans and is entitled to receive cash flows from advance recoveries and a basic fee component of the related MSRs, net of subservicing compensation paid. 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 December 31, 2019, the noncontrolling third-party co-investors and New Residential had previously funded their commitments, however the Buyer may recall $327.8 million and $305.2 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. Shelter Joint Ventures A wholly owned subsidiary of NewRez, Shelter Mortgage Company LLC (“Shelter”) is a mortgage originator specializing in retail originations. Shelter operates its business through a series of joint ventures and is deemed to be the primary beneficiary of the joint ventures as a result of its ability to direct activities that most significantly impact the economic performance of the entities and its ownership of a significant equity investment. Residential Mortgage Loans During the first quarter of 2019, New Residential formed entities (the “RPL Borrowers”) that issued securitized debt collateralized by reperforming residential mortgage loans. New Residential determined that the RPL Borrowers should be evaluated for consolidation under the VIE model rather than the voting interest entity model as the equity holders as a group lack the characteristics of a controlling financial interest. Under the VIE model, New Residential’s consolidated subsidiaries had both 1) the power to direct the most significant activities of the RPL Borrowers and 2) significant variable interests in each of the RPL Borrowers, through their control of the related optional redemption feature and their ownership of certain notes issued by the RPL Borrowers and, therefore, met the primary beneficiary criterion and consolidated the RPL Borrowers. On October 1, 2019, as a result of New Residential’s acquisition of servicing assets from Ditech and its pre existing ownership of the equity, New Residential consolidated the MDST Trusts. New Residential’s determination to consolidate the MDST Trusts is a result of its ownership of the equity in these trusts in conjunction with the ability to direct activities that most significantly impact the economic performance of the entities with the acquisition of the servicing by NewRez. NewRez was deemed to be the primary beneficiary of the SAFT 2013-1 securitization entity as a result of its ability to direct activities that most significantly impact the economic performance of the entity in its role as servicer and its ownership of subordinated retained interests. The following table summarizes certain characteristics of the underlying residential mortgage loans, and related financing, in these securitizations as of December 31, 2019 : December 31, 2019 2018 Residential mortgage loan UPB $ 19,590,978 $ 7,818,221 Weighted average delinquency (A) 1.25 % 1.97 % Net credit losses $ 9,354 $ 9,101 Face amount of debt held by third parties (B) $ 17,946,939 $ 6,783,187 Carrying value of bonds retained by New Residential (C) (D) $ 1,656,712 $ 1,206,402 Cash flows received by New Residential on these bonds $ 270,739 $ 178,301 (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. (D) Classified within Level 3 of the fair value hierarchy as the valuation is based on certain unobservable inputs including discount rate, prepayment rates and loss severity. See Note 13 for details on unobservable inputs. Consumer Loan Companies New Residential has a co-investment in a portfolio of consumer loans held through the Consumer Loan Companies. As of December 31, 2019 , New Residential owns 53.5% of the limited liability company interests in, and consolidates, the Consumer Loan Companies. The Consumer Loan Companies consolidate certain entities that issued securitization 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 table below presents the carrying value and classification of the assets and liabilities of consolidated VIEs on New Residential’s consolidated balance sheets: The Buyer Shelter Joint Ventures Residential Mortgage Loans Consumer Loan SPVs Total December 31, 2019 Assets Servicer advance investments, at fair value $ 565,271 $ — $ — $ — $ 565,271 Residential mortgage loans, held-for-investment, at fair value — — 913,030 — 913,030 Consumer loans, held-for-investment — — — 818,943 818,943 Cash and cash equivalents 30,065 23,802 — — 53,867 Restricted cash 5,350 — — 9,073 14,423 Other assets 2,414 3,556 4,534 12,409 22,913 Total Assets $ 603,100 $ 27,358 $ 917,564 $ 840,425 $ 2,388,447 Liabilities Notes and bonds payable (A) $ 433,300 $ — $ 659,738 $ 820,658 $ 1,913,696 Accrued expenses and other liabilities 1,593 4,187 10,132 4,126 20,038 Total Liabilities $ 434,893 $ 4,187 $ 669,870 $ 824,784 $ 1,933,734 December 31, 2018 Assets Servicer advance investments, at fair value $ 713,239 $ — $ — $ — $ 713,239 Residential mortgage loans, held-for-investment — — 121,319 — 121,319 Consumer loans, held-for-investments — — — 1,039,480 1,039,480 Cash and cash equivalents 29,833 17,346 — — 47,179 Restricted cash 7,809 — — 10,186 17,995 Servicer advances receivable — — — — — Other assets 2,414 618 — 15,627 18,659 Total Assets $ 753,295 $ 17,964 $ 121,319 $ 1,065,293 $ 1,957,871 Liabilities Notes and bonds payable (A) $ 556,340 $ — $ 117,048 $ 1,030,096 $ 1,703,484 Accrued expenses and other liabilities 2,442 2,282 — 3,814 8,538 Total Liabilities $ 558,782 $ 2,282 $ 117,048 $ 1,033,910 $ 1,712,022 (A) The creditors of the VIEs do not have recourse to the general credit of New Residential, and the assets of the VIEs are not directly available to satisfy New Residential’s obligations. Noncontrolling Interests Noncontrolling interests represent the ownership interests in certain consolidated subsidiaries held by entities or persons other than New Residential. These interests are related to noncontrolling interests in consolidated entities that hold New Residential’s Servicer Advance Investments (Note 7), the Shelter JVs, (Note 9), Residential Mortgage Loan trusts (Note 9), and Consumer Loans (Note 10). Others’ interests in the equity of New Residential’s consolidated subsidiaries is computed as follows: December 31, 2019 December 31, 2018 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Total consolidated equity $ 168,207 $ 23,171 $ 46,510 $ 194,513 $ 15,682 $ 66,105 Others’ ownership interest 26.8 % 49.0 % 46.5 % 26.8 % 51.0 % 46.5 % Others’ interest in equity of consolidated subsidiary $ 45,025 $ 11,354 $ 22,171 $ 52,066 $ 7,998 $ 30,561 Others’ interests in the New Residential’s net income (loss) is computed as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Year Ended December 31, 2017 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Net income $ 15,892 $ 12,717 $ 69,143 $ 7,209 $ 3,135 $ 79,539 $ 23,604 $ — $ 98,692 Others’ ownership interest as a percent of total 26.8 % 49.0 % 46.5 % 27.4 % 51.0 % 46.5 % 47.6 % — % 46.5 % Others’ interest in net income of consolidated subsidiaries $ 4,255 $ 6,231 $ 32,151 $ 1,978 $ 1,599 $ 36,987 $ 11,227 $ — $ 45,892 (A) As a result, New Residential owned 73.2% , 72.6% and 52.4% of the Buyer, on average during the years ended December 31, 2019, 2018 and 2017, respectively. See Note 12 regarding the financing of Servicer Advance Investments.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends New Residential’s certificate of incorporation authorizes 2,000,000,000 shares of common stock, par value $0.01 per share, and 100,000,000 shares of preferred stock, par value $0.01 per share. In February 2017, New Residential issued 56.5 million shares of its common stock in a public offering at a price to the public of $15.00 per share for net proceeds of approximately $834.5 million . One of New Residential’s executive officers participated in this offering and purchased 18,600 shares at the public offering price. 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 5.7 million shares of New Residential’s common stock at the public offering price, which had a fair value of approximately $8.1 million as of the grant date. The assumptions used in valuing the options were: a 2.38% risk-free rate, a 10.82% dividend yield, 28.64% volatility and a 10 -year term. 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 July 30, 2018, New Residential entered into a Distribution Agreement to sell shares of its common stock, par value $0.01 per share (the “ATM Shares”), having an aggregate offering price of up to $500.0 million , from time to time, through an “at-the-market” equity offering program (the “ATM Program”). During the year ended December 31, 2018, New Residential sold 0.5 million ATM Shares for aggregate proceeds of $9.1 million . In connection with the shares sold under the ATM program, New Residential granted options to the Manager relating to 0.05 million shares of New Residential’s common stock at the offering prices, which had fair value of approximately $0.1 million as of the grant dates. On August 1, 2019, the Distribution Agreement was amended to, among other things, (i) add additional sales agents under the ATM Program, and (ii) restore the aggregate offering price under the ATM Program to the original amount of $500.0 million . During the year ended December 31, 2019 , New Residential did not sell any ATM Shares. In November 2018, New Residential issued 28.8 million shares of its common stock in a public offering at a price to the public of $17.32 per share for net proceeds of approximately $489.2 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 3.25% risk-free rate, a 8.61% dividend yield, 17.50% volatility and a 10 -year term. In February 2019, New Residential issued 46.0 million shares of its common stock in a public offering at a price to the public of $16.50 per share for net proceeds of approximately $751.7 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 4.6 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 2.40% risk-free rate, a 9.30% dividend yield, 19.26% volatility and a 10 -year term. On July 2, 2019, in a public offering, New Residential issued 6.2 million shares of its 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Preferred Series A”), par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $150.0 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 0.6 million shares of New Residential’s common stock at the closing price per share of common stock on the pricing date, which had a fair value of approximately $0.5 million as of the grant date. The assumptions used in valuing the options were: a 1.91% risk-free rate, a 9.73% dividend yield, 17.95% volatility and a 10 -year term. On August 15, 2019, in a public offering, New Residential issued 11.3 million shares of its 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Preferred Series B”), par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $273.4 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 1.1 million shares of New Residential’s common stock at the closing price per share of common stock on the pricing date, which had a fair value of approximately $0.7 million as of the grant date. The assumptions used in valuing the options were: a 1.56% risk-free rate, a 11.20% dividend yield, 18.23% volatility and a 10 -year term. On September 23, 2019, New Residential’s board of directors declared third quarter 2019 preferred dividends of $0.69 per share of Preferred Series A and $0.45 per share of Preferred Series B, or $ 4.3 million and $5.0 million , respectively. On December 16, 2019 , New Residential’s board of directors declared fourth quarter 2019 preferred dividends of $0.47 per share of Preferred Series A and $0.45 per share of Preferred Series B, or $2.9 million and $5.0 million , respectively. Common dividends have been declared as follows: Per Share Declaration Date Payment Date Quarterly Dividend Total Amounts Distributed (millions) January 26, 2017 April 2017 0.48 147.5 June 21, 2017 July 2017 0.50 153.7 September 22, 2017 October 2017 0.50 153.7 December 18, 2017 January 2018 0.50 153.7 March 22, 2018 April 2018 0.50 168.1 June 21, 2018 July 2018 0.50 169.9 September 20, 2018 October 2018 0.50 170.2 December 20, 2018 January 2019 0.50 184.6 March 25, 2019 April 2019 0.50 207.7 June 18, 2019 July 2019 0.50 207.8 September 23, 2019 October 2019 0.50 207.8 December 16, 2019 January 2020 0.50 207.8 Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, and its principals at December 31, 2019 . On August 20, 2019, New Residential announced that its board of directors had authorized the repurchase of up to $200.0 million of its common stock through December 31, 2020. Repurchases may be made from time to time through open market purchases or privately negotiated transactions, pursuant to one or more plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934 or by means of one or more tender offers, in each case, as permitted by securities laws and other legal requirements. The amount and timing of the purchases will depend on a number of factors including the price and availability of New Residential’s shares, trading volume, capital availability, New Residential’s performance and general economic and market conditions. The share repurchase program may be suspended or discontinued at any time. No share repurchases have been made as of the date of issuance of these Consolidated Financial Statements. Option Plan New Residential has a Nonqualified Stock Option and Incentive Award Plan, as amended (the “Plan”) which provides for the grant of equity-based awards, including restricted stock, options, stock appreciation rights, performance awards, tandem awards and other equity-based and non-equity based awards, in each case to the Manager, and to the directors, officers, employees, service providers, consultants and advisor of the Manager who perform services for New Residential, and to New Residential’s directors, officers, service providers, consultants and advisors. New Residential initially reserved 15,000,000 shares of its common stock for issuance under the Plan; on the first day of each fiscal year beginning during the 10 -year term of the Plan in and after calendar year 2014, that number will be increased by a number of shares of New Residential’s common stock equal to 10% of the number of shares of common stock newly issued by New Residential during the immediately preceding fiscal year (and, in the case of fiscal year 2013, after the effective date of the Plan). No adjustment was made on January 1, 2014. Increases of 4,600,000 , 5,799,166 , 5,654,578 and 2,000,000 were made on January 1, 2020 , 2019 , 2018 and 2017 , respectively. New Residential’s board of directors may also determine to issue options to the Manager that are not subject to the Plan, provided that the number of shares underlying any options granted to the Manager in connection with capital raising efforts would not exceed 10% of the shares sold in such offering and would be subject to NYSE rules. Upon exercise, all options will be settled in an amount of cash equal to the excess of the fair market value of a share of common stock on the date of exercise over the exercise price per share unless advance approval is made to settle options in shares of common stock. Upon joining the board, non-employee directors were, in accordance with the Plan, granted options relating to an aggregate of 7,000 shares of common stock. The fair value of such options was not material at the date of grant. New Residential’s outstanding options were summarized as follows: December 31, 2019 2018 Held by the Manager 10,511,167 6,961,222 Issued to the Manager and subsequently assigned to certain of the Manager’s employees 2,290,749 1,530,916 Issued to the independent directors 7,000 6,000 Total 12,808,916 8,498,138 The following table summarizes New Residential’s outstanding options as of December 31, 2019 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the year ended December 31, 2019 was $16.11 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of December 31, 2019 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of December 31, 2019 (millions) Directors Various 7,000 7,000 $ 13.61 $ — Manager (C) 2017 1,130,916 — 14.09 2.3 Manager (C) 2018 5,320,000 2,996,715 16.79 — Manager (C) 2019 6,351,000 1,787,500 16.35 — Outstanding 12,808,916 4,791,215 (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 2018 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 its employees as follows: Date of Grant to Manager Range of Exercise Prices Total Unexercised Inception to Date 2017 $14.09 1,130,916 2018 $16.68 to $18.15 1,159,833 Total 2,290,749 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 5,799,166 $ 17.23 Options exercised (15,803,216 ) $ 14.30 Options expired unexercised — December 31, 2018 outstanding options 8,498,138 Options granted 6,352,000 $ 16.20 Options exercised (2,041,222 ) $ 13.88 Options expired unexercised — December 31, 2019 outstanding options 12,808,916 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 years ended December 31, 2019 , 2018 and 2017 , based on the treasury stock method, New Residential had 200,465 , 1,868,438 and 2,143,323 dilutive common stock equivalents, respectively, 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 7), Shelter JVs (Note 9) and Consumer Loans (Note 10).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
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 December 31, 2019 , New Residential had outstanding capital commitments related to investments in the following investment types (also refer to Note 6 for MSR investment commitments and to Note 20 for additional capital commitments entered into subsequent to December 31, 2019 , if any): MSRs and Servicer Advance Investments — 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 subsidiaries, NRM and NewRez, are 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. Mortgage Origination Reserves — NewRez, a wholly owned subsidiary of New Residential, originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. The GSEs or Ginnie Mae guarantee conventional and government-insured mortgage securitizations and mortgage investors issue nonconforming private label mortgage securitizations while NewRez generally retains the right to service the underlying residential mortgage loans. In connection with the transfer of loans to the GSEs or mortgage investors, NewRez makes representations and warranties regarding certain attributes of the loans and, subsequent to the sale, if it is determined that a sold loan is in breach of these representations and warranties, NewRez generally has an obligation to cure the breach. If NewRez is unable to cure the breach, the purchaser may require NewRez to repurchase the loan. In addition, for Ginnie Mae guaranteed securitizations, NewRez holds the Ginnie Mae Buy-Back Option to repurchase delinquent loans from the securitization at its discretion. While NewRez is not obligated to repurchase the delinquent loans, NewRez generally executes its option to repurchase that will result in an economic benefit. As of December 31, 2019 , New Residential’s estimated liability associated with representations and warranties and Ginnie Mae repurchases was $12.5 million and $172.3 million , respectively. See Notes 6 and 9 for information on New Residential’s Ginnie Mae Buy-Back Option and mortgage origination, respectively. Mortgage Origination Unfunded Commitments — As of December 31, 2019 , NewRez was committed to fund approximately $4,043.9 million of mortgage loans and had forward loan sale commitments of $43.7 million . The forward sales are expected to close during the first quarter of 2020. 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 9 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 $272.1 million of unfunded and available revolving credit privileges as of December 31, 2019 . However, under the terms of these loans, requests for draws may be denied and unfunded availability may be terminated at New Residential’s discretion. Leases — New Residential, through its wholly owned subsidiary, Shellpoint, has leases on office space expiring through 2025 with future commitments under non-cancelable leases of approximately $46.2 million , held on the balance sheet discounted between 4 - 5 %. Included in its future commitments is $20.4 million of leases at market expiring through 2023 acquired as part of the Ditech acquisition. The future commitments under non-cancelable leases have not been reduced by the sublease rentals of approximately $1.9 million due in the future periods. The terms of the leases do not impose any financial restrictions or covenants. Environmental Costs — As a residential real estate owner, New Residential is subject to potential environmental costs. At December 31, 2019 , 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 12). Certain Tax-Related Covenants — If New Residential is treated as a successor to Drive Shack Inc. (“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	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
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 (i) the equity transferred by Drive Shack, formerly Newcastle Investment Corp., which was the sole stockholder of New Residential until the spin-off of New Residential completed on May 15, 2013, on the date of the spin-off (ii) plus total net proceeds from preferred and common 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: December 31, 2019 2018 Management fees $ 7,076 $ 5,779 Incentive compensation 91,892 94,900 Expense reimbursements and other 4,914 792 Total $ 103,882 $ 101,471 Affiliate expenses and fees were comprised of: Year Ended December 31, 2019 2018 2017 Management fees $ 79,472 $ 62,594 $ 55,634 Incentive compensation 91,892 94,900 81,373 Expense reimbursements (A) 500 500 500 Total $ 171,864 $ 157,994 $ 137,507 (A) Included in General and Administrative Expenses in the Consolidated Statements of Income. See Note 5 regarding co-investments with Fortress-managed funds. See Note 15 regarding options granted to the Manager.

RECLASSIFICATION FROM ACCUMULAT

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	12 Months Ended
	Dec. 31, 2019
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: Accumulated Other Comprehensive Income Components Statement of Income Location Year Ended December 31, 2019 2018 2017 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (205,989 ) $ 29,936 $ (20,642 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 25,174 30,017 10,334 Total reclassifications $ (180,815 ) $ 59,953 $ (10,308 ) New Residential allocated $4.2 million of income tax expense to other comprehensive income for the year ended December 31, 2019 .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax (benefit) expense consists of the following: Year Ended December 31, 2019 2018 2017 Current: Federal $ 148 $ 6,146 $ (1,250 ) State and Local 3,411 477 360 Total Current Income Tax Expense (Benefit) 3,559 6,623 (890 ) Deferred: Federal 28,939 (68,907 ) 148,997 State and Local 9,268 (11,147 ) 19,521 Total Deferred Income Tax Expense (Benefit) 38,207 (80,054 ) 168,518 Total Income Tax (Benefit) Expense $ 41,766 $ (73,431 ) $ 167,628 New Residential intends to qualify as a REIT for each of its tax years through December 31, 2019 . 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 6), Servicer Advance Investments (Note 7) and REO (Note 9), 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. The increase in the expense for income taxes for the year ended December 31, 2019 is primarily due to deferred tax expense generated by MSR income and loan origination income attributable to New Residential TRSs. The increase in the benefit for income taxes for the year ended December 31, 2018 is primarily due to the release of valuation allowances on deferred tax assets and increase in other deferred tax benefits attributable to New Residential’s TRSs. The difference between New Residential’s reported provision for income taxes and the U.S. federal statutory rate of 21% is as follows: December 31, 2019 2018 2017 Provision at the statutory rate 21.00 % 21.00 % 35.00 % Non-taxable REIT income (16.26 )% (25.44 )% (21.72 )% State and local taxes 2.36 % (1.19 )% 1.76 % Change in valuation allowance — % (2.31 )% 0.85 % Change in federal tax rate — % — % (0.92 )% Other 0.66 % (0.30 )% (0.17 )% Total provision 7.76 % (8.24 )% 14.80 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liability are presented below: December 31, 2019 2018 Deferred tax assets: Net operating losses and tax credit carryforwards (A) $ 79,897 $ 41,713 Basis differences for REO and other assets 16,279 8,453 Unrealized mark to market 10,084 36,758 Other 1,194 3,087 Total deferred tax assets 107,454 90,011 Less valuation allowance — — Net deferred tax assets $ 107,454 $ 90,011 Deferred tax liabilities: Mortgage servicing rights $ (65,582 ) $ — Basis difference for partnership and other investments (29,022 ) (24,179 ) Fixed asset depreciation (4,181 ) — Total deferred tax (liability) $ (98,785 ) $ (24,179 ) Net deferred tax assets (liability) $ 8,669 $ 65,832 (A) As of December 31, 2019 , New Residential’s TRSs had approximately $328.0 million of net operating loss carryforwards for federal and state income tax purposes which may be available to offset future taxable income, if and when it arises. Approximately, $9.1 million of these federal and state net operating loss carryforwards will begin to expire in 2034. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the TRSs ability to generate sufficient taxable income prior to the expiration of the carryforward period. In assessing the realizability of deferred tax assets, New Residential considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. As of December 31, 2019 , we believe it is more likely than not that we will fully realize our deferred tax assets. New Residential and its TRSs file income tax returns with the U.S. federal government and various state and local jurisdictions. Generally, New Residential is no longer subject to tax examinations by tax authorities for tax years ended prior to December 31, 2016 . New Residential recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the consolidated statements of operations. As of December 31, 2019 , New Residential has no material uncertainties to be recognized. New Residential does not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date. Common stock distributions were taxable as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 (A) $ 1.87 77.53 % 15.82 % 6.65 % 2018 (B) 1.60 78.03 % 1.03 % 20.94 % 2017 (C) 1.94 66.64 % 7.83 % 25.53 % (A) The entire $0.50 per share dividend declared in December 2019 and paid in January 2020 is treated as received by stockholders in 2020 . (B) The entire $0.50 per share dividend declared in December 2018 and paid in January 2019 is treated as received by stockholders in 2019 . (C) The entire $0.50 per share dividend declared in December 2017 and paid in January 2018 is treated as received by stockholders in 2018 . Series A Preferred stock distributions were as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 $ 0.69 84.18 % 15.82 % — % Series B Preferred stock distributions were as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 $ 0.45 84.18 % 15.82 % — %

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These financial statements include a discussion of material events that have occurred subsequent to December 31, 2019 (referred to as “subsequent events”) through the issuance of these consolidated financial statements. Events subsequent to that date have not been considered in these financial statements. Corporate Activities On December 16, 2019 , New Residential’s board of directors declared a fourth quarter 2019 dividend of $0.50 per common share or $207.8 million , which was paid on January 31, 2020 to stockholders of record as of December 31, 2019 . On February 14, 2020, in a public offering, New Residential issued 14.0 million shares of its 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Preferred Series C”), par value $0.01 per share, with a liquidation preference of $25.00 per share for net proceeds of approximately $338.7 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 1.4 million shares of New Residential’s common stock at the closing price per share of common stock on the pricing date, which had a fair value of approximately $1.0 million as of the grant date. The assumptions used in valuing the options were: a 1.55% risk-free rate, a 9.00% dividend yield, 17.39% volatility and a 10 -year term.

SUMMARY QUARTERLY CONSOLIDATED

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)	SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) The following is an unaudited summary information on New Residential’s quarterly operations. 2019 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Interest income $ 438,867 $ 416,047 $ 448,127 $ 463,089 $ 1,766,130 Interest expense 212,832 228,004 245,902 247,013 933,751 Net interest income 226,035 188,043 202,225 216,076 832,379 Impairment Other-than-temporary impairment (OTTI) on securities 7,516 8,859 5,567 3,232 25,174 Valuation and loss provision (reversal) on loans and real estate owned 5,280 13,452 (10,690 ) 2,361 10,403 12,796 22,311 (5,123 ) 5,593 35,577 Net interest income after impairment 213,239 165,732 207,348 210,483 796,802 Servicing revenue, net 165,853 (85,537 ) 53,050 251,793 385,159 Gain on originated mortgage loans, held-for-sale, net 67,170 101,018 126,747 180,520 475,455 Other income (loss) (A) (63,966 ) (25,947 ) 102,640 (53,826 ) (41,099 ) Operating Expenses 180,387 201,863 250,565 335,803 968,618 Income (Loss) Before Income Taxes 201,909 (46,597 ) 239,220 253,167 647,699 Income tax (benefit) expense 45,997 (21,577 ) (5,440 ) 22,786 41,766 Net Income (Loss) $ 155,912 $ (25,020 ) $ 244,660 $ 230,381 $ 605,933 Noncontrolling Interests in Income of Consolidated Subsidiaries $ 10,318 $ 6,923 $ 14,738 $ 10,658 $ 42,637 Dividends on Preferred Stock $ — $ — $ 5,338 $ 7,943 $ 13,281 Net Income (Loss) Attributable to Common Stockholders $ 145,594 $ (31,943 ) $ 224,584 $ 211,780 $ 550,015 Net Income (Loss) Per Share of Common Stock Basic $ 0.37 $ (0.08 ) $ 0.54 $ 0.51 $ 1.35 Diluted $ 0.37 $ (0.08 ) $ 0.54 $ 0.51 $ 1.34 Weighted Average Number of Shares of Common Stock Outstanding Basic 388,279,931 415,463,757 415,520,780 415,520,780 408,789,642 Diluted 388,601,075 415,665,460 415,588,238 415,673,185 408,990,107 Dividends Declared per Share of Common Stock $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 2.00 2018 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Interest income $ 383,573 $ 403,805 $ 425,524 $ 451,321 $ 1,664,223 Interest expense 124,387 133,916 162,806 185,324 606,433 Net interest income 259,186 269,889 262,718 265,997 1,057,790 Impairment Other-than-temporary impairment (OTTI) on securities 6,670 12,631 3,889 6,827 30,017 Valuation and loss provision (reversal) on loans and real estate owned 19,007 3,658 5,471 32,488 60,624 25,677 16,289 9,360 39,315 90,641 Net interest income after impairment 233,509 253,600 253,358 226,682 967,149 Servicing revenue, net 217,236 146,193 175,355 (10,189 ) 528,595 Gain on originated mortgage loans, held-for-sale, net — — 47,054 49,091 96,145 Other income (loss) (A) 264,524 (96,812 ) (84,620 ) (134,477 ) (51,385 ) Operating Expenses 107,817 119,753 192,107 189,727 609,404 Income (Loss) Before Income Taxes 607,452 183,228 199,040 (58,620 ) 931,100 Income tax (benefit) expense (6,912 ) (2,608 ) 3,563 (67,474 ) (73,431 ) Net Income $ 614,364 $ 185,836 $ 195,477 $ 8,854 $ 1,004,531 Noncontrolling Interests in Income of Consolidated Subsidiaries $ 10,111 $ 11,078 $ 10,869 $ 8,506 $ 40,564 Net Income Attributable to Common Stockholders $ 604,253 $ 174,758 $ 184,608 $ 348 $ 963,967 Net Income Per Share of Common Stock Basic $ 1.83 $ 0.52 $ 0.54 $ — $ 2.82 Diluted $ 1.81 $ 0.51 $ 0.54 $ — $ 2.81 Weighted Average Number of Shares of Common Stock Outstanding Basic 330,384,856 336,311,253 340,044,440 358,044,646 341,268,923 Diluted 333,380,436 339,538,503 340,868,403 358,509,094 343,137,361 Dividends Declared per Share of Common Stock $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 2.00 (A)

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Accounting	The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP’’ or “US GAAP”). The consolidated financial statements include the accounts of New Residential and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated.
Consolidation, Variable Interest Entities	New Residential consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity, as well as those entities deemed to be variable interest entities (“VIEs”) in which New Residential is determined to be the primary beneficiary. For entities over which New Residential exercises significant influence, but which do not meet the requirements for consolidation, New Residential uses the equity method of accounting whereby it records its share of the underlying income of such entities. Distributions from equity method investees are classified in the Statements of Cash Flows based on the cumulative earnings approach, where all distributions up to cumulative earnings are classified as distributions of earnings. Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Risks and Uncertainties	In the normal course of business, New Residential encounters primarily two significant types of economic risk: credit and market. Credit risk 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. Market risk reflects changes in the value of investments due to changes in prepayment rates, interest rates, spreads or other market factors, including risks that impact the value of the collateral underlying New Residential’s investments. New Residential believes that the carrying values of its investments are reasonable taking into consideration these risks along with estimated prepayments, financings, collateral values, payment histories, and other information. Furthermore, for each of the periods presented, a significant portion of New Residential’s assets are dependent on its servicers’ and subservicers’ ability to perform their obligations servicing the loans underlying New Residential’s Excess MSRs, MSRs, MSR Financing Receivables, Servicer Advance Investments, Non-Agency RMBS and loans. If a servicer is terminated, New Residential’s right to receive its portion of the cash flows related to interests in servicing related assets may also be terminated.
Income Tax Uncertainties	Additionally, New Residential is subject to significant tax risks. If New Residential were to fail to qualify as a REIT in any taxable year, New Residential would be subject to U.S. federal corporate income tax (including any applicable alternative minimum tax), which could be material. Unless entitled to relief under certain statutory provisions, New Residential would also be disqualified from treatment as a REIT for the four taxable years following the year during which qualification is lost.
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Comprehensive Income	Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from investments by and distributions to owners. For New Residential’s purposes, comprehensive income represents net income, as presented in the Consolidated Statements of Income, adjusted for unrealized gains or losses on securities available for sale.
Income Recognition - Investments in Excess Mortgage Servicing Rights	Excess MSRs are aggregated into pools as applicable; each pool of Excess MSRs is accounted for in the aggregate. Interest income for Excess MSRs is accreted into interest income on an effective yield or “interest” method, based upon the expected excess mortgage servicing amount through the expected life of the underlying mortgages. Changes to expected cash flows result in a cumulative retrospective adjustment, which will be recorded in the period in which the change in expected cash flows occurs. Under the retrospective method, the interest income recognized for a reporting period is measured as the difference between the amortized cost basis at the end of the period and the amortized cost basis at the beginning of the period, plus any cash received during the period. The amortized cost basis is calculated as the present value of estimated future cash flows using an effective yield, which is the yield that equates all past actual and current estimated future cash flows to the initial investment. In addition, New Residential’s policy is to recognize interest income only on its Excess MSRs in existing eligible underlying mortgages. The difference between the fair value of Excess MSRs and their amortized cost basis is recorded as “Change in fair value of investments in excess mortgage servicing rights.” Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the Excess MSRs, and therefore may differ from their effective yields.
Income Recognition - Investments in MSRs	MSRs are aggregated into pools as applicable; each pool of MSRs is accounted for in the aggregate. Income from MSRs is recorded in “Servicing revenue, net” and is comprised of three components: (i) income receivable from the MSRs, less (ii) amortization of the basis of the MSRs, plus or minus (iii) the mark-to-market on the MSRs. Amortization of the basis of the MSRs is based on the remaining UPB of the residential mortgage loans underlying the MSRs relative to their UPB at acquisition. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the MSRs.
Income Recognition - Investments in MSR Financing Receivables	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 records 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 Consolidated Statements of Income.
Income Recognition - Servicer Advance Investments	New Residential accounts for its Servicer Advance Investments similarly to its investments in Excess MSRs. Interest income for Servicer Advance Investments is accreted into interest income on an effective yield or “interest” method, based upon the expected aggregate cash flows of the Servicer Advance Investments, including the basic fee component of the related MSR (but excluding any Excess MSR component) through the expected life of the underlying mortgages, net of a portion of the basic fee component of the MSR that New Residential remits to the servicer as compensation for the servicer’s servicing activities. Changes to expected cash flows result in a cumulative retrospective adjustment, which will be recorded in the period in which the change in expected cash flows occurs. Refer to “—Investments in Excess Mortgage Servicing Rights” for a description of the retrospective method. Fair value is generally determined by discounting the expected future cash flows using discount rates that incorporate the market risks and liquidity premium specific to the Servicer Advance Investments, and therefore may differ from their effective yields.
Income Recognition - Investments in Real Estate and Other Securities	Discounts or premiums are accreted into interest income on an effective yield or “interest” method, based upon a comparison of actual and expected cash flows, through the expected maturity date of the security. For securities acquired at a discount for credit quality (i.e., where it is probable at acquisition that New Residential will not collect all contractually required interest and principal repayments), the difference between contractual cash flows and expected cash flows at acquisition is not accreted (non-accretable difference). For these securities, the excess of expected cash flows over the carrying value (accretable yield) is recognized as interest income on an effective yield basis. Depending on the nature of the investment, changes to expected cash flows may result in a prospective change to yield or a retrospective change which would include a catch up adjustment. Deferred fees and costs, if any, are recognized as an adjustment to the interest income over the terms of the securities using the interest method. Upon settlement of securities, the specific identification method is used to determine the excess (or deficiency) of net proceeds over the net carrying value of such security recognized as a realized gain (or loss) in the period of settlement.
Income Recognition - Investments in Residential Mortgage Loans, REO and Consumer Loans	New Residential evaluates the credit quality of its loans, as of the acquisition date, for evidence of credit quality deterioration. Loans with evidence of credit deterioration since their origination, and where it is probable that New Residential will not collect all contractually required principal and interest payments, are Purchased Credit Deteriorated (“PCD”) loans. At acquisition, New Residential aggregates PCD loans into pools based on common risk characteristics and the aggregated loans are accounted for as if each pool were a single loan with a single composite interest rate and an aggregate expectation of cash flows. The excess of the total cash flows (both principal and interest) expected to be collected over the carrying value of the PCD loans is referred to as the accretable yield. This amount is not reported on New Residential’s Consolidated Balance Sheets but is accreted into interest income at a level rate of return over the remaining estimated life of the pool of loans. Loans where New Residential expects to collect all contractually required principal and interest payments are considered performing loans. Interest income on performing loans is accrued and recognized as interest income at their effective yield, which includes contractual interest and the amortization of purchase price discount or premium and deferred fees or expenses, and considers anticipated prepayment rates. Loans acquired with the intent to sell and loans not acquired with the intent to sell that New Residential decides to sell are classified as held-for-sale. Loans held-for-sale are measured at the lower of cost or fair value, with valuation changes recorded in impairment. Purchase price discounts or premiums are deferred in a contra loan account until the related loan is sold. The deferred discounts or premiums are an adjustment to the basis of the loan and are included in the quarterly determination of the lower of cost or fair value adjustments and/or the gain or loss recognized at the time of sale. Residential mortgage loans, held-for-sale, at fair value are originated or acquired loans for which New Residential has elected to account for at fair value. Accordingly, we estimate the fair value of the residential mortgage loans, held-for-sale, at fair value at each reporting date and reflect the change in the fair value in the Consolidated Statements of Income. For originated residential mortgage loans measured at fair value, we report the change in the fair value within gain on originated mortgage loans, held-for-sale, net in the consolidated statements of income. Fair value is generally determined using a market approach by utilizing either: (i) the fair value of securities backed by similar mortgage loans, adjusted for certain factors to approximate the fair value of a whole mortgage loan, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. For acquired residential mortgage loans measured at fair value, we report the change in the fair value within change in fair value of investments in residential mortgage loans in the consolidated statements of income. Fair value is generally determined by discounting the expected future cash flows using inputs such as default rates, prepayment speeds and discount rates. Interest earned on residential mortgage loans measured at fair value are reported in other income. Real estate owned (“REO”) assets are those individual properties acquired by New Residential or where New Residential receives the property in satisfaction of a debt (e.g., by taking legal title or physical possession). New Residential measures REO assets at the lower of cost or fair value, with valuation changes recorded in other income or impairment, as applicable.
Impairment of Securities and Impairment of Loans	Securities are considered to be impaired when it is probable that New Residential will be unable to collect all principal or interest when due according to the contractual terms of the original agreements, or for securities purchased at a discount for credit quality or that represent retained beneficial interests in securitizations, when New Residential determines that it is probable that it will be unable to collect as anticipated. The evaluation of a security’s estimated cash flows includes the following, as applicable: (i) review of the credit of the issuer or borrower, (ii) review of the credit rating of the security, (iii) review of the key terms of the security or underlying loans, (iv) review of the performance of the underlying loans, including debt service coverage and loan to value ratios, (v) analysis of the value of the underlying loans, (vi) analysis of the effect of local, industry and broader economic factors, and (vii) analysis of historical and anticipated trends in defaults, loss severities and prepayments for similar securities or underlying loans. New Residential must record a write down if it has the intent to sell a given security in an unrealized loss position, or if it is more likely than not that it will be required to sell such a security. Upon determination of impairment, New Residential records a direct write down for securities based on the estimated fair value of the security or underlying collateral using a discounted cash flow analysis or based on an observable market value. Subsequent to a determination of impairment, and a related write down, income on securities is accrued on an effective yield method from the new carrying value to the related expected cash flows, with cash received treated as a reduction of basis. Impairment of Loans — To the extent that they are classified as held-for-investment, New Residential must periodically evaluate each of these loans or loan pools for possible impairment. Impairment is indicated when it is deemed probable that New Residential will be unable to collect all amounts due according to the contractual terms of the loan, or for PCD loans, when it is deemed probable that New Residential will be unable to collect as anticipated. Upon determination of impairment, New Residential establishes an allowance for loan losses with a corresponding charge to earnings. Performing loans are aggregated into pools for the evaluation of impairment based on like characteristics, such as loan type and acquisition date. Pools of loans are evaluated based on criteria such as an analysis of borrower performance, credit ratings of borrowers, loan to value ratios, the estimated value of the underlying collateral, if any, the key terms of the loans and historical and anticipated trends in defaults and loss severities for the type and seasoning of loans being evaluated. This information is used to estimate provisions for estimated unidentified incurred losses on pools of loans. Significant judgment is required in determining impairment and in estimating the resulting loss allowance. For PCD loans, New Residential estimates the total cash flows expected to be collected over the remaining life of each pool. Probable decreases in expected cash flows trigger the recognition of impairment. Impairments are recognized through the provision for loans and an increase in the allowance for loan losses. Probable and significant increases in expected cash flows would first reverse any previously recorded allowance for loan losses with any remaining increases recognized prospectively as a yield adjustment over the remaining estimated lives of the underlying loans. A loan is determined to be past due when a monthly payment is due and unpaid for 30 days or more. Loans, other than PCD loans, are placed on nonaccrual status and considered non-performing when full payment of principal and interest is in doubt, which generally occurs when principal or interest is 120 days or more past due unless the loan is both well secured and in the process of collection. A loan may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loan. New Residential’s ability to recognize interest income on nonaccrual loans as cash interest payments are received rather than as a reduction of the carrying value of the loans is based on the recorded loan balance being deemed fully collectible. Loans held-for-sale are subject to the nonaccrual policy described above, however, as loans held-for-sale are recognized at the lower of cost or fair value, New Residential’s allowance for loan losses and charge-off policies do not apply to these loans.
Expense Recognition - Interest Expense	New Residential finances certain investments using floating rate repurchase agreements and loans. Interest is expensed as incurred.
Expense Recognition - General and Administrative Expenses, Loan Servicing Expense and Subservicing Expense	General and administrative expense primarily include employee compensation, legal fees, audit fees, insurance premiums, and other costs, as well as loan servicing and subservicing expenses, and are expensed as incurred.
Expense Recognition - Management Fee and Incentive Compensation to Affiliate	These represent amounts due to the Manager pursuant to the Management Agreement.
Balance Sheet Measurement - Investments in Servicing Related Assets	Servicing related assets consist of New Residential’s Excess MSRs, MSRs, MSR Financing Receivables, and Servicer Advance Investments. Upon acquisition, New Residential has elected to record each of such investments at fair value. New Residential elected to record its investments at fair value in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on servicing related assets. Under this election, New Residential records a valuation adjustment on its investments in servicing related assets on a quarterly basis to recognize the changes in fair value in net income as described in “Income Recognition — Investments in Excess Mortgage Servicing Rights,” “Income Recognition — Investments in MSRs” and “Income Recognition — Servicer Advance Investments.”
Balance Sheet Measurement - Investments in Real Estate and Other Securities, Residential Mortgage Loans and Consumer Loans	New Residential has classified its investments in real estate and other securities as available for sale. Securities available for sale are carried at market value with the net unrealized gains or losses reported as a separate component of accumulated other comprehensive income, to the extent impairment losses are considered temporary. At disposition, the net realized gain or loss is determined on the basis of the amortized cost of the specific investments and is included in earnings. Unrealized losses on securities are charged to earnings if they reflect a decline in value that is other-than-temporary. Investments in Residential Mortgage Loans and Consumer Loans — Loans for which New Residential has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are classified as held-for-investment. Performing loans held-for-investment are presented at the aggregate unpaid principal balance adjusted for any unamortized premium or discount, deferred fees or expenses, an allowance for loan losses, charge-offs and write-down for impaired loans. PCD loans held-for-investment are initially recorded at their purchase price at acquisition and are subsequently measured net of any allowance for loan losses. To the extent that the loans are classified as held-for-investment, New Residential periodically evaluates such loans for possible impairment as described in “—Impairment of Loans.” Loans which New Residential does not have the intent or the ability to hold into the foreseeable future are considered held-for-sale and are either carried at (i) the lower of their amortized cost basis or fair value or (ii) fair value where elected. New Residential discontinues the accretion of discounts or amortization of premiums on loans if they are reclassified from held-for-investment to held-for-sale.
Balance Sheet Measurement - Mortgage Loan Repurchases	NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez, holds an option to repurchase delinquent loans from the securitization at its discretion (the “Ginnie Mae Buy-Back Option”). In accordance with the accounting guidance in ASC 860, NewRez recognizes any delinquent loans subject to the Ginnie Mae Buy-Back Option and an offsetting repurchase liability on its balance sheet regardless of whether NewRez executes its option to repurchase.
Balance Sheet Measurement - Cash and Cash Equivalents and Restricted Cash	New Residential considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits.
Balance Sheet Measurement - Servicer Advances Receivable	Represents servicer advances due to New Residential’s servicer subsidiary, NRM (Note 6). The servicer advances receivable purchased in conjunction with MSRs are recorded with purchase discounts. Subsequent advances are recorded at cost, subject to impairment. Any related purchase discounts are accreted into servicing revenue, net (MSRs) or interest income (MSR financing receivables) on a straight-line basis over the estimated weighted average life of the advances.
Balance Sheet Measurement - Income Taxes	New Residential operates so as to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended. Requirements for qualification as a REIT include various restrictions on ownership of New Residential’s stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders (subject to certain adjustments). Distributions may extend until timely filing of New Residential’s tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities of New Residential are conducted through taxable REIT subsidiaries (“TRSs”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. New Residential recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes on the consolidated statements of operations.
Balance Sheet Measurement - Goodwill	As a result of the Shellpoint and Guardian acquisitions, New Residential recorded goodwill for the consideration transferred in excess of the fair value of the net identifiable assets acquired. New Residential performs an annual assessment of goodwill on October 1 and in interim periods in case of events or circumstances that make it more likely than not that an impairment may have occurred.
Balance Sheet Measurement - Intangible Assets	As a result of the Shellpoint, Guardian and Ditech acquisitions, New Residential identified intangible assets in the form of licenses, customer relationships, business relationships, and tradename. New Residential recorded the intangible assets at fair value at the acquisition date and will amortize the value of finite lived intangibles into expense over the expected useful life. The licenses acquired as part of the Shellpoint acquisition and the tradename acquired as part of the Guardian acquisition were deemed to have an indefinite useful life and will be evaluated for impairment on a quarterly basis and the fair value will be assessed annually and in interim periods if indicators of impairment exist. New Residential performs an annual assessment of impairment on October 1 and in interim periods in case of events or circumstances that make it more likely than not that an impairment may have occurred. New Residential did not recognize any impairment this year.
Balance Sheet Measurement - Repurchase Agreements and Notes and Bonds Payable	New Residential’s repurchase agreements are generally short-term debt that expire within one year . Such agreements and notes and bonds payable are carried at their contractual amounts, as specified by each repurchase or financing agreement, and generally treated as collateralized financing transactions.
Balance Sheet Measurement - Mortgage Origination Reserves	NewRez originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the transfer of loans to the GSEs or mortgage investors, NewRez provides representations and warranties regarding certain attributes of the loans and, subsequent to the sale, if it is determined that a sold loan is in breach of these representations and warranties, NewRez generally has an obligation to cure the breach. If NewRez is unable to cure the breach, the purchaser may require NewRez to repurchase the loan. New Residential records a reserve for sales recourse at the time of sale to cover all potential recourse obligations based on the outstanding balance of mortgage loans subject to recourse as well as historical and estimated future loss rates. New Residential evaluates the ongoing adequacy of the reserve based on actual experience and changing circumstances, making adjustments to the reserve as deemed necessary.
Recent Accounting Pronouncements	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 resulted in the fair valuation of an equity investment on its consolidated balance sheet where New Residential did not have significant influence on its consolidated balance sheet and did not have a material impact on its consolidated statement of income. 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 did not have a material impact on the consolidated financial statements, and the amount of New Residential future lease commitments has been deemed as immaterial (see Note 16 for details). 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 collectability 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, and early adoption was 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 still evaluating and expects to recognize a cumulative-effect adjustment to the balance sheet upon adoption. The standard provides an option to elect fair value option for certain investments as an alternative to adopting ASU No. 2016-13. New Residential expects to elect fair value option on its residential mortgage and consumer loans portfolios, and expects to record a positive adjustments of $5.9 million to retained earnings, comprised of a decrease of $6.0 million due to the change in fair value of residential mortgage loans, and an increase of $11.9 million due to the change in fair value of consumer loans, net of noncontrolling interests. 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 its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment (Topic 805) . The standard simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in the current two-step impairment test. Under the new guidance, an impairment charge, if triggered, is calculated as the difference between a reporting unit’s carrying value and fair value, but it is limited to the carrying value of goodwill. ASU No. 2017-04 is effective for New Residential in the first quarter of 2020 and early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. New Residential is early adopting the standard for 2019. The adoption of ASU No. 2017-04 did not have a material impact on the financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) . The standard: (i) adds incremental requirements for entities to disclose (a) the amount of total gains or losses for the period recognized in other comprehensive income that is attributable to fair value changes in assets and liabilities held as of the balance sheet date and categorized within Level 3 of the fair value hierarchy, (b) the range and weighted average used to develop significant unobservable inputs and (c) how the weighted average was calculated for fair value measurements categorized within Level 3 of the fair value hierarchy and (ii) eliminates disclosure requirements for (a) transfers between Level 1 and Level 2 and (b) valuation processes for Level 3 fair value measurements. ASU No. 2018-13 is effective for New Residential in the first quarter of 2020 and early adoption is permitted for interim or annual periods beginning with the third quarter of 2018. The adoption of ASU No. 2018-13 is not expected to have a material impact on its consolidated financial statements. On December 18, 2019, the FASB issued Accounting Standards Update 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , as part of its overall simplification initiative. Amendments include removal of certain exceptions to the general principles of ASC 740, Income Taxes , and simplification in several areas including accounting for franchise taxes and step-up in tax basis goodwill. While not required to be adopted until 2021, New Residential is early adopting this guidance in 2019. The adoption of ASU No. 2019-12 did not have a material impact on the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Accretion and Other Amortization	Accretion and Other Amortization — As reflected on the consolidated statements of cash flows, this item is comprised of the following: Year Ended December 31, 2019 2018 2017 Accretion of net discount on securities and loans (A) $ 323,652 $ 452,500 $ 398,213 Accretion of servicer advances receivable discount and servicer advance investments 28,094 214,876 542,983 Accretion of excess mortgage servicing rights income 32,647 44,440 103,053 Amortization of deferred financing costs (4,019 ) (7,795 ) (12,076 ) Amortization of discount on notes and bonds payable (1,245 ) (2,054 ) (789 ) $ 379,129 $ 701,967 $ 1,031,384 (A) Includes accretion of the accretable yield on PCD loans.
Schedule of Other Income (Loss), Net	This item is comprised of the following: Year Ended December 31, 2019 2018 2017 Unrealized gain (loss) on other ABS $ 2,101 $ 10,283 $ 2,883 Unrealized gain (loss) on notes and bonds payable (1,236 ) (684 ) — Unrealized gain (loss) on contingent consideration (10,487 ) (1,581 ) — Gain (loss) on transfer of loans to REO 11,842 19,519 22,938 Gain (loss) on transfer of loans to other assets (1,144 ) (1,977 ) 488 Gain (loss) on Excess MSR recapture agreements 2,294 979 2,384 Gain (loss) on Ocwen common stock 174 (10,860 ) 5,346 Bargain Purchase Gain (A) 49,539 — — Rental and Ancillary Revenue 21,181 — — Other income (loss) (30,115 ) (26,457 ) (27,741 ) $ 44,149 $ (10,778 ) $ 6,298 (A) Partly driven by certain transition, integration, relocation and training costs incurred by the Ditech Acquisition (Note 3).
Schedule of Gain (Loss) on Settlement of Investments, Net	Gain (Loss) on Settlement of Investments, Net — This item is comprised of the following: Year Ended December 31, 2019 2018 2017 Gain (loss) on sale of real estate securities, net $ 205,989 $ (29,936 ) $ 20,642 Gain (loss) on sale of acquired residential mortgage loans, net 153,174 (7,677 ) 39,731 Gain (loss) on settlement of derivatives (129,923 ) 54,867 (39,214 ) Gain (loss) on liquidated residential mortgage loans (4,872 ) (3,734 ) (10,201 ) Gain (loss) on sale of REO (11,521 ) (12,424 ) (9,215 ) Gains on settlement of investments in excess MSRs and servicer advance investments — 113,002 11,320 Other gains (losses) 12,840 (19,013 ) (2,753 ) $ 225,687 $ 95,085 $ 10,310
Schedule Of General And Administrative Expenses	General and Administrative Expenses is comprised of the following: Year Ended December 31, 2019 2018 2017 Compensation and benefits expense, servicing $ 121,004 $ 47,084 $ 184 Compensation and benefits expense, origination 164,485 62,786 — Legal and professional expense 89,489 45,234 40,182 Loan origination expense 59,418 16,050 — Occupancy expense 19,388 8,868 — Other (A) 84,251 51,557 26,793 $ 538,035 $ 231,579 $ 67,159 (A) Represents miscellaneous general and administrative expenses.
Schedule of Other Assets and Other Liabilities	Other Assets and Other Liabilities — Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities December 31, December 31, 2019 2018 2019 2018 Margin receivable, net (A) $ 280,176 $ 145,857 MSRs purchase price holdback 75,348 100,593 Servicing fee receivables 159,607 105,563 Interest payable 68,668 49,352 Due from servicers 163,961 95,261 Accounts payable 119,771 75,591 Principal and interest receivable 85,191 76,015 Derivative liabilities (Note 11) 6,885 29,389 Equity investment (B) 114,763 74,323 Due to servicers 127,846 95,419 Other receivables 117,045 23,723 Residential mortgage loan repurchase liability 172,336 121,602 Real Estate Owned 93,672 113,410 Contingent Consideration 55,222 40,842 Single-family rental properties 24,133 — Accrued Compensation and Benefits 41,228 17,656 Residential mortgage loans subject to repurchase 172,336 121,602 Excess spread financing, at fair value 31,777 39,304 Consumer loans, equity method investees (Note 10) — 38,294 Operating lease liability 38,520 — Goodwill 29,737 24,645 Reserve for sales recourse 12,549 5,880 Notes Receivable (D) 37,001 — Other liabilities 22,976 36,484 Warrants 28,042 — $ 773,126 $ 612,112 Recovery asset (E) 23,100 — Property and equipment 18,018 11,263 Receivable from government agency (C) 19,670 20,795 Intangible assets 40,963 18,708 Prepaid expenses 19,249 29,165 Operating lease right-of-use asset 32,120 — Derivative assets (Note 11) 41,501 10,893 Ocwen common stock, at fair value 7,952 7,778 Other assets 51,230 44,419 $ 1,559,467 $ 961,714 (A) Represents collateral posted primarily as a result of changes in fair value of our 1) real estate securities securing our repurchase agreements and 2) derivative instruments. (B) Represents equity investments in funds that invest in 1) a commercial redevelopment project and 2) operating companies in the single family housing industry. The indirect investments are accounted for at fair value based on the net asset value (“NAV”) of New Residential’s investment and as an equity method investment, respectively. (C) Represents claims receivable from the FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (D) Represents a four-year subordinated debt facility to Covius (Note 3). (E) Represents post loan charge off deficiency balances acquired through the Ditech Acquisition (Note 3).

BUSINESS ACQUISITIONS (Tables)

BUSINESS ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	New Residential has performed an allocation of the total consideration paid to acquire the assets and liabilities of the companies acquired, as set forth below. 2019 2018 Ditech Guardian Total Shellpoint Total Consideration ($ in millions) $ 1,218.2 $ 21.5 $ 1,239.7 $ 425.5 Assets Mortgage servicing rights, at fair value (A) $ 387.2 $ — $ 387.2 $ 286.6 Residential mortgage loans, held-for-investment, at fair value — — — 125.3 Residential mortgage loans, held-for-sale, at fair value 627.4 — 627.4 488.2 Residential mortgage loans subject to repurchase — — — 121.4 Cash and cash equivalents — 1.8 1.8 79.2 Restricted cash — — — 9.9 Servicer Advance Receivable 238.0 — 238.0 22.4 Intangible assets (B) (C) (D) 10.5 11.7 22.2 18.4 Other assets (E) 64.8 6.6 71.4 59.1 Total Assets Acquired $ 1,327.9 $ 20.1 $ 1,348.0 $ 1,210.5 Liabilities Repurchase agreements $ — $ — $ — $ 439.6 Notes and bonds payable — — — 20.7 Mortgage-backed securities issued, at fair value — — — 120.7 Residential mortgage loans repurchase liability — — — 121.4 Excess spread financing, at fair value — — — 48.3 Accrued expenses and other liabilities 60.2 3.7 63.9 50.6 Total Liabilities Assumed $ 60.2 $ 3.7 $ 63.9 $ 801.3 Noncontrolling Interest $ — $ — $ — $ 8.3 Net Assets $ 1,267.7 $ 16.4 $ 1,284.1 $ 400.9 Goodwill (Bargain Purchase Gain) $ (49.5 ) $ 5.1 $ (44.4 ) $ 24.6 (A) Includes $135.3 million of Ginnie Mae MSRs related to the Shellpoint acquisition where New Residential acquired the rights to the economic value of the servicing rights from Shellpoint prior to the acquisition date. (B) Includes intangible assets acquired as part of the Ditech acquisition in the form of correspondent customer relationships and servicing contracts tied to the recovery of defaulted loans. These intangibles will be amortized over a finite life of three years based on the expected useful life of these intangibles. (C) Includes intangible assets acquired as part of the Guardian acquisition in the form of customer relationships and a tradename. Customer relationships will be amortized over a finite life of seven years based on the expected useful life of these intangibles. New Residential has determined that the tradename has an indefinite useful life and will be evaluated for impairment given no legal, regulatory, contractual, competitive or economic factors that would limited useful life. (D) Includes intangible assets acquired as part of the Shellpoint acquisition in the form of mortgage origination and servicing licenses, internally developed software and a tradename. New Residential determined that mortgage origination and servicing licenses have an indefinite useful life and will be evaluated for impairment given no legal, regulatory, contractual, competitive or economic factors that would limit the useful life. Internally developed software will be amortized over a finite useful life of five years and tradenames were fully amortized over six months , respectively, based on the expected software development timeline and New Residential’s determination of the time to change a tradename with limited value. (E) Includes post loan charge off deficiency balances acquired through the Ditech Acquisition.
Schedule of Total Consideration	The acquisition date fair value of the consideration transferred includes $1.2 billion in cash consideration and $4.9 million in effective settlement of preexisting relationships. The total consideration is summarized as follows: Total Consideration (in millions) Amount Cash Consideration $ 1,213.3 Effective Settlement of Preexisting Relationships (A) 4.9 Total Consideration $ 1,218.2 (A) Represents the effective settlement of preexisting relationships between New Residential and Ditech related to operating accounts receivable and payable existing prior to the acquisition date. The effective settlement of these preexisting relationships had no impact to New Residential’s Consolidated Statements of Income. New Residential recognized the effective settlement of preexisting relationships separately from the acquisition of assets and assumption of liabilities in the business combination. Total Consideration (in millions) Amount Cash Consideration $ 212.3 Earnout Payment (A) 39.3 Effective Settlement of Preexisting Relationships (B) 173.9 Total Consideration $ 425.5 (A) The range of outcomes for this contingent consideration is from $0 to $60.0 million , dependent on the performance of Shellpoint. At acquisition date, New Residential derived a fair value of the remaining contingent consideration payment in three years of $39.3 million . This amount excludes contingent payments to the long-term employee incentive plans that require continuing employment and are recognized as compensation expense within General and Administrative expenses in the post-acquisition consolidated financial statements separate from New Residential’s acquisition of assets and assumption of liabilities in the business combination. As of December 31, 2019 , the contingent consideration had a fair value of $40.9 million . (B) Represents the effective settlement of preexisting relationships between New Residential and Shellpoint. The effective settlement of these preexisting relationships had no impact to New Residential’s Consolidated Statements of Income. The acquisition date fair value of the consideration transferred includes $7.6 million in cash consideration and $13.9 million in contingent consideration. The total consideration is summarized as follows: Total Consideration (in millions) Amount Cash Consideration $ 7.6 Earnout Payment (A) 13.9 Total Consideration $ 21.5 (A) The range of outcomes for this contingent consideration is from $0 to $17.5 million
Schedule of Unaudited Supplemental Pro Forma Financial Information	The following table presents unaudited pro forma combined Income Before Income Taxes for the years ended December 31, 2019 and 2018 prepared as if the Guardian Acquisition had been consummated on January 1, 2018. Years Ended December 31, 2019 2018 Pro Forma (in millions) Income Before Income Taxes $ 651.5 $ 932.2 December 31, 2019 and 2018 prepared as if the Ditech Acquisition had been consummated on January 1, 2018. Years Ended December 31, 2019 2018 Pro Forma (in millions) Servicing and Origination Revenue $ 1,104.0 $ 1,238.1 Income Before Income Taxes 552.8 923.3 Years Ended December 31, 2018 2017 Pro Forma (in millions) Servicing and Origination Revenue $ 767.0 $ 749.0 Income Before Income Taxes 948.1 1,197.5

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2019
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 and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2019 Interest income $ 42,166 $ 34,013 $ 530,225 $ — $ 606,404 $ 744,145 $ 249,673 $ 165,877 $ 31 $ 1,766,130 Interest expense 41,949 1,043 246,294 — 289,286 453,609 158,298 32,558 — 933,751 Net interest income (expense) 217 32,970 283,931 — 317,118 290,536 91,375 133,319 31 832,379 Impairment — — — — — 25,174 (20,607 ) 31,010 — 35,577 Servicing revenue, net (1,605 ) 184,763 250,580 (48,579 ) 385,159 — — — — 385,159 Gain on originated mortgage loans, held-for-sale, net 397,252 1,029 52,991 (51,360 ) 399,912 — 75,543 — — 475,455 Other income (loss) 9,340 5,859 (144,231 ) — (129,032 ) 20,929 75,385 (9,999 ) 1,618 (41,099 ) Operating expenses 258,729 145,813 344,430 (48,579 ) 700,393 3,160 52,745 22,540 189,780 968,618 Income (Loss) Before Income Taxes 146,475 78,808 98,841 (51,360 ) 272,764 283,131 210,165 69,770 (188,131 ) 647,699 Income tax (benefit) expense 39,768 21,396 23,744 (14,179 ) 70,729 — (28,461 ) (502 ) — 41,766 Net Income (Loss) $ 106,707 $ 57,412 $ 75,097 $ (37,181 ) $ 202,035 $ 283,131 $ 238,626 $ 70,272 $ (188,131 ) $ 605,933 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 6,231 $ — $ 4,255 $ — $ 10,486 $ — $ — $ 32,151 $ — $ 42,637 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ 13,281 $ 13,281 Net income (loss) attributable to common stockholders $ 100,476 $ 57,412 $ 70,842 $ (37,181 ) $ 191,549 $ 283,131 $ 238,626 $ 38,121 $ (201,412 ) $ 550,015 Servicing and Origination Residential Securities Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Residential Mortgage Loans Consumer Corporate Total December 31, 2019 Investments $ 1,414,528 $ — $ 6,773,353 $ — $ 8,187,881 $ 19,477,728 $ 5,843,983 $ 827,545 $ — $ 34,337,137 Cash and cash equivalents 77,237 32,225 318,714 — 428,176 87,359 1,180 6,514 5,508 528,737 Restricted cash 6,730 15,769 107,328 — 129,827 — — 32,370 — 162,197 Other assets 250,709 204,723 3,420,122 — 3,875,554 5,590,456 174,940 78,740 85,956 9,805,646 Goodwill 11,836 12,809 5,092 — 29,737 — — — — 29,737 Total assets $ 1,761,040 $ 265,526 $ 10,624,609 $ — $ 12,651,175 $ 25,155,543 $ 6,020,103 $ 945,169 $ 91,464 $ 44,863,454 Debt $ 1,304,621 $ 33,412 $ 6,646,159 $ — $ 7,984,192 $ 22,151,110 $ 4,676,849 $ 824,222 $ — $ 35,636,373 Other liabilities 117,328 51,264 451,629 — 620,221 980,415 55,121 16,795 318,269 1,990,821 Total liabilities 1,421,949 84,676 7,097,788 — 8,604,413 23,131,525 4,731,970 841,017 318,269 37,627,194 Total equity 339,091 180,850 3,526,821 — 4,046,762 2,024,018 1,288,133 104,152 (226,805 ) 7,236,260 Noncontrolling interests in equity of consolidated subsidiaries 11,354 — 45,025 — 56,379 — — 22,171 — 78,550 Total New Residential stockholders’ equity $ 327,737 $ 180,850 $ 3,481,796 $ — $ 3,990,383 $ 2,024,018 $ 1,288,133 $ 81,981 $ (226,805 ) $ 7,157,710 Investments in equity method investees $ — $ — $ 165,848 $ — $ 165,848 $ — $ — $ — $ — $ 165,848 Servicing and Origination (B) Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2018 Interest income $ 12,430 $ 8,148 $ 703,387 $ — $ 723,965 $ 573,539 $ 158,892 $ 206,321 $ 1,506 $ 1,664,223 Interest expense 10,018 264 232,063 — 242,345 240,615 80,910 42,563 — 606,433 Net interest income (expense) 2,412 7,884 471,324 — 481,620 332,924 77,982 163,758 1,506 1,057,790 Impairment — — — — — 30,017 12,061 48,563 — 90,641 Servicing revenue, net (450 ) 63,006 476,224 (10,185 ) 528,595 — — — — 528,595 Gain on originated mortgage loans, held-for-sale, net 100,160 — 4,396 (17,168 ) 87,388 — 8,757 — — 96,145 Other income (loss) 2,067 — 12,216 — 14,283 (72,926 ) 7,699 9,965 (10,406 ) (51,385 ) Operating expenses 96,724 52,251 222,099 (10,185 ) 360,889 1,554 32,424 35,230 179,307 609,404 Income (Loss) Before Income Taxes 7,465 18,639 742,061 (17,168 ) 750,997 228,427 49,953 89,930 (188,207 ) 931,100 Income tax (benefit) expense — — (8,364 ) — (8,364 ) — (65,279 ) 212 — (73,431 ) Net Income (Loss) $ 7,465 $ 18,639 $ 750,425 $ (17,168 ) $ 759,361 $ 228,427 $ 115,232 $ 89,718 $ (188,207 ) $ 1,004,531 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 1,599 $ — $ 1,978 $ — $ 3,577 $ — $ — $ 36,987 $ — $ 40,564 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ 5,866 $ 18,639 $ 748,447 $ (17,168 ) $ 755,784 $ 228,427 $ 115,232 $ 52,731 $ (188,207 ) $ 963,967 Servicing and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination (A) Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total December 31, 2018 Investments $ 608,701 $ — $ 5,860,274 $ — $ 6,468,975 $ 11,636,581 $ 4,102,649 $ 1,110,496 $ — $ 23,318,701 Cash and cash equivalents 40,741 35,886 160,244 — 236,871 49 927 8,279 4,932 251,058 Restricted cash 4,292 2,416 119,693 — 126,401 — — 37,619 — 164,020 Other assets 43,412 84,432 3,382,348 — 3,510,192 4,080,202 131,282 64,802 146,111 7,932,589 Goodwill 11,836 12,809 — — 24,645 — — — — 24,645 Total assets $ 708,982 $ 135,543 $ 9,522,559 $ — $ 10,367,084 $ 15,716,832 $ 4,234,858 $ 1,221,196 $ 151,043 $ 31,691,013 Debt $ 555,423 $ 28,639 $ 6,080,273 $ — $ 6,664,335 $ 11,615,364 $ 3,342,636 $ 1,033,900 $ — $ 22,656,235 Other liabilities 468 4,591 515,156 — 520,215 2,111,868 8,916 13,572 291,912 2,946,483 Total liabilities 555,891 33,230 6,595,429 — 7,184,550 13,727,232 3,351,552 1,047,472 291,912 25,602,718 Total equity 153,091 102,313 2,927,130 — 3,182,534 1,989,600 883,306 173,724 (140,869 ) 6,088,295 Noncontrolling interests in equity of consolidated subsidiaries 7,998 — 52,066 — 60,064 — — 30,561 — 90,625 Total New Residential stockholders’ equity $ 145,093 $ 102,313 $ 2,875,064 $ — $ 3,122,470 $ 1,989,600 $ 883,306 $ 143,163 $ (140,869 ) $ 5,997,670 Investments in equity method investees $ — $ — $ 147,964 $ — $ 147,964 $ — $ — $ 38,294 $ — $ 186,258 (A) Elimination of intercompany transactions related primarily to servicing fees, loan sales, and MSR recaptures. (B) Includes results from July 3, 2018, the date of Shellpoint Acquisition (Note 3). Servicing and Origination Residential Securities and Loans Origination Servicing MSR Related Investments Elimination Total Servicing and Origination Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Year Ended December 31, 2017 Interest income $ — $ — $ 713,413 $ — $ 713,413 $ 431,706 $ 110,087 $ 263,844 $ 629 $ 1,519,679 Interest expense — — 233,587 — 233,587 122,997 51,473 52,808 — 460,865 Net interest income (expense) — — 479,826 — 479,826 308,709 58,614 211,036 629 1,058,814 Impairment — — — — — 10,334 12,593 63,165 — 86,092 Servicing revenue, net — — 424,349 — 424,349 — — — — 424,349 Gain on originated mortgage loans, held-for-sale, net — — — — — — — — — — Other income (loss) — — 174,561 — 174,561 (16,371 ) 16,175 28,075 5,346 207,786 Operating expenses — — 186,330 — 186,330 1,471 31,529 43,552 159,695 422,577 Income (Loss) Before Income Taxes — — 892,406 — 892,406 280,533 30,667 132,394 (153,720 ) 1,182,280 Income tax (benefit) expense — — 166,186 — 166,186 — 1,272 170 — 167,628 Net Income (Loss) $ — $ — $ 726,220 $ — $ 726,220 $ 280,533 $ 29,395 $ 132,224 $ (153,720 ) $ 1,014,652 Noncontrolling interests in income of consolidated subsidiaries $ — $ — $ 11,227 $ — $ 11,227 $ — $ — $ 45,892 $ — $ 57,119 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ — $ — $ 714,993 $ — $ 714,993 $ 280,533 $ 29,395 $ 86,332 $ (153,720 ) $ 957,533

INVESTMENTS IN EXCESS MORTGAG_2

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS (Tables)	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
Schedule of Servicing Assets at Fair Value	Changes in fair value recorded in other income is comprised of the following: Year Ended December 31, 2019 2018 2017 Original and Recaptured Pools $ (10,505 ) $ (58,656 ) $ 4,322 The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 44,386 54 — 44,440 Other income 6,444 — 40,417 46,861 Proceeds from repayments (100,215 ) (632 ) (26,946 ) (127,793 ) Proceeds from sales (19,084 ) — — (19,084 ) Change in fair value (18,436 ) 197 (40,417 ) (58,656 ) Ocwen Transaction (Note 6) — — (611,621 ) (611,621 ) Balance as of December 31, 2018 445,328 2,532 — 447,860 Purchases — — — — Interest income 32,587 60 — 32,647 Other income 3,851 — — 3,851 Proceeds from repayments (83,612 ) (419 ) — (84,031 ) Proceeds from sales (10,075 ) — — (10,075 ) Change in fair value (10,387 ) (118 ) — (10,505 ) Balance as of December 31, 2019 $ 377,692 $ 2,055 $ — $ 379,747 (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. The following table presents activity related to the carrying value of New Residential’s investments in MSRs and MSR Financing Receivables: MSRs MSR Financing Receivables Total Balance as of December 31, 2017 $ 1,735,504 $ 598,728 $ 2,334,232 Purchases, net (A) 1,042,933 128,357 1,171,290 Transfers (B) 124,652 (124,652 ) — New Ocwen Agreements — 1,017,993 1,017,993 Shellpoint Acquisition (Note 3) (C) 151,312 — 151,312 Originations (D) 35,311 — 35,311 Proceeds from sales (5,776 ) (7,472 ) (13,248 ) Amortization of servicing rights (F) (258,068 ) (197,703 ) (455,771 ) Change in valuation inputs and assumptions (G) 61,149 230,036 291,185 (Gain)/loss on sales (2,917 ) (783 ) (3,700 ) Balance as of December 31, 2018 $ 2,884,100 $ 1,644,504 $ 4,528,604 Purchases, net (A) 690,049 735,152 1,425,201 Transfers (B) 367,121 (367,121 ) — Other transfers (H) (410 ) — (410 ) Ditech Acquisition (Note 3) 387,170 — 387,170 Originations (D) 374,450 — 374,450 Prepayments (E) (11,625 ) (82,250 ) (93,875 ) Proceeds from sales (1,539 ) (22,989 ) (24,528 ) Amortization of servicing rights (F) (537,111 ) (203,732 ) (740,843 ) Change in valuation inputs and assumptions (G) (187,530 ) 21,094 (166,436 ) (Gain)/loss on sales 3,285 (6,385 ) (3,100 ) Balance as of December 31, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 (A) Net of purchase price adjustments. (B) Represents MSRs previously accounted for as MSR Financing Receivables. 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, the purchase agreement was not treated as a sale under GAAP through June 30, 2019. (C) Includes $48.3 million of MSRs legally sold by NewRez treated as a secured borrowing as it did not meet the criteria for sale treatment. New Residential elected to record the excess spread financing liability at fair value pursuant to the fair value option. (D) Represents MSRs retained on the sale of originated mortgage loans. (E) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (F) 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. (G) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (H) Represents Ginnie Mae MSRs repurchased. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of December 31, 2019 and 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) 2019 MSRs: Agency (C) $ 315,427,933 5.1 $ 3,179,556 $ 3,319,035 Non-Agency 6,402,833 5.4 12,437 20,283 Ginnie Mae (D) 52,019,295 4.6 614,855 628,642 MSR Financing Receivables: Agency (C) 54,866,978 4.7 582,600 547,351 Non-Agency 76,117,892 7.6 808,149 1,170,922 Total $ 504,834,931 5.4 $ 5,197,597 $ 5,686,233 2018 MSRs: Agency (C) $ 226,295,778 6.4 $ 2,189,039 $ 2,506,676 Non-Agency 2,143,212 6.6 19,982 22,438 Ginnie Mae (D) 30,023,713 7.4 357,673 354,986 MSR Financing Receivables: Agency (C) 42,265,547 5.9 366,946 434,110 Non-Agency 88,251,018 7.2 936,792 1,210,394 Total $ 388,979,268 6.6 $ 3,870,432 $ 4,528,604 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.7% , respectively, were used to value New Residential’s investments in MSRs, respectively. As of December 31, 2019 and 2018 , weighted average discount rates of 8.9% and 10.3% , respectively, were used to value New Residential’s investments in MSR financing receivables. (C) Represents Fannie Mae and Freddie Mac MSRs. (D) NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez holds an option to repurchase delinquent loans from the securitization at its discretion. As of December 31, 2019 and 2018 , New Residential holds approximately $172.3 million and $121.6 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets.
Servicing Asset at Amortized Cost	The following is a summary of New Residential’s direct investments in Excess MSRs: December 31, 2019 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 43,310,917 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.5 $ 178,603 $ 209,633 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 45,034,320 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 6.5 $ 124,875 $ 170,114 Total $ 88,345,237 5.9 $ 303,478 $ 379,747 December 31, 2018 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 52,368,290 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.6 $ 218,797 $ 257,387 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 54,058,073 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 5.8 $ 142,530 $ 190,473 Total $ 106,426,363 6.1 $ 361,327 $ 447,860 (A) 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 and recapture agreements, as applicable. (D) Amounts in parentheses represent weighted averages. (E) New Residential is also invested in related Servicer Advance Investments, including the basic fee component of the related MSR as of December 31, 2019 and 2018 (Note 7) on $31.4 billion and $40.1 billion UPB, respectively, underlying these Excess MSRs.
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: December 31, 2019 2018 Excess MSR assets $ 226,843 $ 269,203 Other assets 25,035 27,411 Other liabilities (687 ) (687 ) Equity $ 251,191 $ 295,927 New Residential’s investment $ 125,596 $ 147,964 New Residential’s ownership 50.0 % 50.0 % Year Ended December 31, 2019 2018 2017 Interest income $ 23,872 $ 26,363 $ 27,450 Other income (loss) (10,208 ) (9,649 ) (2,149 ) Expenses (64 ) — (68 ) Net income $ 13,600 $ 16,714 $ 25,233 New Residential’s investments in equity method investees changed during the years ended December 31, 2019 and 2018 as follows: 2019 2018 Balance at beginning of period $ 147,964 $ 171,765 Contributions to equity method investees — — Distributions of earnings from equity method investees (8,999 ) (11,059 ) Distributions of capital from equity method investees (20,169 ) (21,099 ) Change in fair value of investments in equity method investees 6,800 8,357 Balance at end of period $ 125,596 $ 147,964
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: December 31, 2019 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 $ 33,592,554 66.7% 50.0% $ 168,807 $ 226,843 5.4 December 31, 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 $ 41,707,963 66.7% 50.0% $ 198,261 $ 269,203 5.5 (A) The remaining interests are held by Mr. Cooper. (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 and recapture agreements, as applicable. (D) Represents the weighted average expected timing of the receipt of cash flows of each investment.

INVESTMENTS IN MORTGAGE SERVI_2

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	Changes in fair value recorded in other income is comprised of the following: Year Ended December 31, 2019 2018 2017 Original and Recaptured Pools $ (10,505 ) $ (58,656 ) $ 4,322 The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Ocwen (B) Total Balance as of December 31, 2017 $ 532,233 $ 2,913 $ 638,567 $ 1,173,713 Purchases — — — — Interest income 44,386 54 — 44,440 Other income 6,444 — 40,417 46,861 Proceeds from repayments (100,215 ) (632 ) (26,946 ) (127,793 ) Proceeds from sales (19,084 ) — — (19,084 ) Change in fair value (18,436 ) 197 (40,417 ) (58,656 ) Ocwen Transaction (Note 6) — — (611,621 ) (611,621 ) Balance as of December 31, 2018 445,328 2,532 — 447,860 Purchases — — — — Interest income 32,587 60 — 32,647 Other income 3,851 — — 3,851 Proceeds from repayments (83,612 ) (419 ) — (84,031 ) Proceeds from sales (10,075 ) — — (10,075 ) Change in fair value (10,387 ) (118 ) — (10,505 ) Balance as of December 31, 2019 $ 377,692 $ 2,055 $ — $ 379,747 (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. The following table presents activity related to the carrying value of New Residential’s investments in MSRs and MSR Financing Receivables: MSRs MSR Financing Receivables Total Balance as of December 31, 2017 $ 1,735,504 $ 598,728 $ 2,334,232 Purchases, net (A) 1,042,933 128,357 1,171,290 Transfers (B) 124,652 (124,652 ) — New Ocwen Agreements — 1,017,993 1,017,993 Shellpoint Acquisition (Note 3) (C) 151,312 — 151,312 Originations (D) 35,311 — 35,311 Proceeds from sales (5,776 ) (7,472 ) (13,248 ) Amortization of servicing rights (F) (258,068 ) (197,703 ) (455,771 ) Change in valuation inputs and assumptions (G) 61,149 230,036 291,185 (Gain)/loss on sales (2,917 ) (783 ) (3,700 ) Balance as of December 31, 2018 $ 2,884,100 $ 1,644,504 $ 4,528,604 Purchases, net (A) 690,049 735,152 1,425,201 Transfers (B) 367,121 (367,121 ) — Other transfers (H) (410 ) — (410 ) Ditech Acquisition (Note 3) 387,170 — 387,170 Originations (D) 374,450 — 374,450 Prepayments (E) (11,625 ) (82,250 ) (93,875 ) Proceeds from sales (1,539 ) (22,989 ) (24,528 ) Amortization of servicing rights (F) (537,111 ) (203,732 ) (740,843 ) Change in valuation inputs and assumptions (G) (187,530 ) 21,094 (166,436 ) (Gain)/loss on sales 3,285 (6,385 ) (3,100 ) Balance as of December 31, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 (A) Net of purchase price adjustments. (B) Represents MSRs previously accounted for as MSR Financing Receivables. 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, the purchase agreement was not treated as a sale under GAAP through June 30, 2019. (C) Includes $48.3 million of MSRs legally sold by NewRez treated as a secured borrowing as it did not meet the criteria for sale treatment. New Residential elected to record the excess spread financing liability at fair value pursuant to the fair value option. (D) Represents MSRs retained on the sale of originated mortgage loans. (E) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (F) 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. (G) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (H) Represents Ginnie Mae MSRs repurchased. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of December 31, 2019 and 2018 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) 2019 MSRs: Agency (C) $ 315,427,933 5.1 $ 3,179,556 $ 3,319,035 Non-Agency 6,402,833 5.4 12,437 20,283 Ginnie Mae (D) 52,019,295 4.6 614,855 628,642 MSR Financing Receivables: Agency (C) 54,866,978 4.7 582,600 547,351 Non-Agency 76,117,892 7.6 808,149 1,170,922 Total $ 504,834,931 5.4 $ 5,197,597 $ 5,686,233 2018 MSRs: Agency (C) $ 226,295,778 6.4 $ 2,189,039 $ 2,506,676 Non-Agency 2,143,212 6.6 19,982 22,438 Ginnie Mae (D) 30,023,713 7.4 357,673 354,986 MSR Financing Receivables: Agency (C) 42,265,547 5.9 366,946 434,110 Non-Agency 88,251,018 7.2 936,792 1,210,394 Total $ 388,979,268 6.6 $ 3,870,432 $ 4,528,604 (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of December 31, 2019 and 2018 , weighted average discount rates of 7.8% and 8.7% , respectively, were used to value New Residential’s investments in MSRs, respectively. As of December 31, 2019 and 2018 , weighted average discount rates of 8.9% and 10.3% , respectively, were used to value New Residential’s investments in MSR financing receivables. (C) Represents Fannie Mae and Freddie Mac MSRs. (D) NewRez, as an approved issuer of Ginnie Mae MBS, originates, sells and securitizes government-insured residential mortgage loans into Ginnie Mae guaranteed securitizations and NewRez retains the right to service the underlying residential mortgage loans. As the servicer, NewRez holds an option to repurchase delinquent loans from the securitization at its discretion. As of December 31, 2019 and 2018 , New Residential holds approximately $172.3 million and $121.6 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Consolidated Balance Sheets.
Fees Earned in Exchange for Servicing Financial Assets	Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 899,623 $ 589,546 $ 412,971 Ancillary and other fees 198,486 130,294 79,050 Servicing fee revenue and fees 1,098,109 719,840 492,021 Amortization of servicing rights (A) (530,031 ) (256,915 ) (223,167 ) Change in valuation inputs and assumptions (B) (C) (186,204 ) 68,587 155,495 (Gain)/loss on sales (D) 3,285 (2,917 ) — Servicing revenue, net $ 385,159 $ 528,595 $ 424,349 (A) Includes $7.1 million , $1.2 million and $0.0 million of amortization to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (B) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (C) Includes $1.3 million , $7.4 million and $0.0 million of fair value adjustment to Excess spread financing for the years ended December 31, 2019 , 2018 , and 2017 , respectively. (D) Represents the realization of unrealized gain/(loss) as a result of sales. Interest income from investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Servicing fee revenue $ 513,172 $ 705,812 $ 94,945 Ancillary and other fees 119,570 146,829 17,313 Less: subservicing expense (196,726 ) (251,184 ) (33,686 ) Interest income, investments in MSR financing receivables $ 436,016 $ 601,457 $ 78,572 Change in fair value of investments in MSR Financing Receivables was comprised of the following: Year Ended December 31, 2019 2018 2017 Amortization of servicing rights $ (203,732 ) $ (197,703 ) $ (43,190 ) Change in valuation inputs and assumptions (A) 21,094 230,036 109,584 (Gain)/loss on sales (B) (6,385 ) (783 ) — Change in fair value of investments in MSR financing receivables $ (189,023 ) $ 31,550 $ 66,394 (A) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model and other changes due to the realization of expected cash flows. (B) Represents the realization of unrealized gain/(loss) as a result of sales.
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 MSR Financing Receivables: Percentage of Total Outstanding Unpaid Principal Amount State Concentration December 31, 2019 December 31, 2018 California 21.9 % 21.7 % Florida 6.9 % 6.9 % New York 6.4 % 7.8 % Texas 5.5 % 5.3 % New Jersey 4.9 % 5.0 % Illinois 3.6 % 3.7 % Massachusetts 3.4 % 3.5 % Washington 3.3 % 2.3 % Georgia 3.1 % 3.0 % Maryland 3.0 % 3.4 % Other U.S. 38.0 % 37.4 % 100.0 % 100.0 %
Schedule of Investment in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: December 31, 2019 2018 Principal and interest advances $ 660,807 $ 793,790 Escrow advances (taxes and insurance advances) 2,427,384 2,186,831 Foreclosure advances 163,054 199,203 Total (A) (B) (C) $ 3,251,245 $ 3,179,824 (A) Includes $562.2 million and $231.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $166.5 million and $41.6 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from Ginnie Mae. Reserves for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a nonreimbursable advance loss assumption. (C) Net of $50.1 million and $98.0 million 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) Change in Fair Value Recorded in Other Income for Year then Ended December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 $ 10,288 December 31, 2018 Servicer Advance Investments $ 721,801 $ 735,846 5.9 % 5.8 % 5.7 $ (89,332 ) (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. 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 December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % December 31, 2018 Servicer Advance Investments (D) $ 40,096,998 $ 620,050 1.5 % $ 574,117 88.3 % 87.2 % 3.7 % 3.1 % (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: December 31, 2019 2018 Principal and interest advances $ 71,574 $ 108,317 Escrow advances (taxes and insurance advances) 180,047 238,349 Foreclosure advances 211,222 273,384 Total $ 462,843 $ 620,050

SERVICER ADVANCE INVESTMENTS (T

SERVICER ADVANCE INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Schedule of Investment in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: December 31, 2019 2018 Principal and interest advances $ 660,807 $ 793,790 Escrow advances (taxes and insurance advances) 2,427,384 2,186,831 Foreclosure advances 163,054 199,203 Total (A) (B) (C) $ 3,251,245 $ 3,179,824 (A) Includes $562.2 million and $231.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $166.5 million and $41.6 million of servicer advances receivable related to Ginnie Mae MSRs, respectively, recoverable from Ginnie Mae. Reserves for advances associated with Ginnie Mae loans in the MSR portfolio are considered in the MSR fair valuation through a nonreimbursable advance loss assumption. (C) Net of $50.1 million and $98.0 million 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) Change in Fair Value Recorded in Other Income for Year then Ended December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 $ 10,288 December 31, 2018 Servicer Advance Investments $ 721,801 $ 735,846 5.9 % 5.8 % 5.7 $ (89,332 ) (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. 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 December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % December 31, 2018 Servicer Advance Investments (D) $ 40,096,998 $ 620,050 1.5 % $ 574,117 88.3 % 87.2 % 3.7 % 3.1 % (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: December 31, 2019 2018 Principal and interest advances $ 71,574 $ 108,317 Escrow advances (taxes and insurance advances) 180,047 238,349 Foreclosure advances 211,222 273,384 Total $ 462,843 $ 620,050
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: Year Ended December 31, 2019 2018 2017 Interest income, gross of amounts attributable to servicer compensation $ 51,940 $ 83,807 $ 871,506 Amounts attributable to base servicer compensation (6,209 ) (8,491 ) (227,585 ) Amounts attributable to incentive servicer compensation (18,065 ) (25,098 ) (115,565 ) Interest income from Servicer Advance Investments $ 27,666 $ 50,218 $ 528,356 Net Interest Income December 31, 2019 2018 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 60,301 $ 76,129 Acquired Residential Mortgage Loans, held-for-sale 65,926 45,653 Acquired Residential Mortgage Loans, held-for-sale, at fair value 123,446 35,904 Originated Residential Mortgage Loans, held-for-sale, at fair value 52,480 15,658 Total Interest Income on Residential Mortgage Loans 302,153 173,344 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 19,381 23,618 Acquired Residential Mortgage Loans, held-for-sale 40,067 35,796 Acquired Residential Mortgage Loans, held-for-sale, at fair value 98,850 21,496 Originated Residential Mortgage Loans, held-for-sale,at fair value 10,873 2,690 Total Interest Expense on Residential Mortgage Loans 169,171 83,600 Total Net Interest Income on Residential Mortgage Loans $ 132,982 $ 89,744

INVESTMENTS IN REAL ESTATE AN_2

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
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. 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) December 31, 2019 Agency RMBS (F)(G) $ 11,301,603 $ 11,474,338 $ 57,221 $ (11,616 ) $ 11,519,943 43 AAA 3.17 % 2.78 % 6.0 N/A Non-Agency RMBS (H) (I) 24,857,988 7,307,837 689,158 (39,210 ) 7,957,785 997 B+ 2.90 % 4.70 % 7.0 11.0 % Total/Weighted Average $ 36,159,591 $ 18,782,175 $ 746,379 $ (50,826 ) $ 19,477,728 1,040 A+ 3.03 % 3.53 % 6.4 December 31, 2018 Agency RMBS (F)(G) 2,613,395 2,657,917 7,744 (43 ) 2,665,618 31 AAA 4.01 % 3.70 % 8.1 N/A Non-Agency RMBS (H) (I) 19,539,450 8,554,511 517,861 (101,409 ) 8,970,963 897 B+ 3.40 % 5.63 % 6.9 12.4 % Total/Weighted Average $ 22,152,845 $ 11,212,428 $ 525,605 $ (101,452 ) $ 11,636,581 928 BB+ 3.53 % 5.17 % 7.2 (A) Fair value, which is equal to carrying value for all securities. See Note 13 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 340 bonds with a carrying value of $1,129.3 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 $41.0 million and $3.4 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 $11.3 billion and $2.6 billion for fixed rate securities and $0.0 billion and $0.0 billion for floating rate securities as of December 31, 2019 and 2018 , respectively. (H) The total outstanding face amount was $5.4 billion (including $3.2 billion of residual and fair value option notional amount) and $3.8 billion (including $1.5 billion of residual and fair value option notional amount) for fixed rate securities and $19.5 billion (including $12.2 billion of residual and fair value option notional amount) and $15.7 billion (including $7.4 billion of residual and fair value option notional amount) for floating rate securities as of December 31, 2019 and 2018 , respectively. (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 consumer loans and (iii) corporate debt. 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 December 31, 2019 Corporate debt $ 85,000 $ 85,000 $ — $ (1,262 ) $ 83,738 1 B- 8.25 % 8.25 % 5.3 N/A Consumer loan bonds 25,029 25,688 521 (6,190 ) 20,019 6 N/A N/A N/A 1.6 N/A MSR bond — — — — — — N/A — % — % — N/A Fair Value Option Securities Interest-only Securities 11,201,646 308,714 35,882 (19,459 ) 325,137 124 AA+ 1.37 % 10.49 % 2.9 N/A Servicing Strips 4,073,792 40,043 2,431 (4,562 ) 37,912 46 N/A 0.38 % 4.01 % 5.7 N/A December 31, 2018 Corporate debt $ 85,000 $ 85,000 $ — $ (12,325 ) $ 72,675 1 B- 8.25 % 8.25 % 6.3 N/A Consumer loan bonds 56,846 57,480 33 (7,075 ) 50,438 6 B 5.50 % 20.26 % 1.6 N/A MSR bond 228,000 228,000 — (400 ) 227,600 2 BBB- 5.24 % 4.89 % 8.8 N/A Fair Value Option Securities Interest-only Securities 6,832,353 259,725 23,694 (13,025 ) 270,394 79 AA+ 1.38 % 6.58 % 3.0 N/A Servicing Strips 975,048 8,588 1,720 (198 ) 10,110 31 N/A 0.21 % 13.23 % 6.0 N/A Activities related to New Residential’s investments in real estate and other securities were as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 (in millions) (in millions) Treasury Agency Non-Agency Treasury Agency Non-Agency Purchases Face $ — $ 33,573.5 $ 14,960.4 $ — $ 11,006.7 $ 9,194.8 Purchase Price — 34,335.5 2,059.0 — 11,121.6 3,854.4 Sales Face $ — $ 22,746.3 $ 2,936.2 $ 862.0 $ 9,485.0 $ 115.0 Amortized Cost — 23,337.8 1,852.1 858.0 9,590.6 87.7 Sale Price — 23,449.2 1,949.3 849.8 9,569.2 86.4 Gain (Loss) on Sale — 111.4 97.2 (8.2 ) (21.4 ) (1.3 )
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 December 31, 2019 . 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 $ 10,805,953 $ 4,798,637 $ (1,208 ) $ 4,797,429 $ (32,342 ) $ 4,765,087 124 AA+ 3.02 % 2.86 % 6.8 12 or More Months 1,704,469 210,058 (2,024 ) 208,034 (18,484 ) 189,550 64 BB+ 4.20 % 6.50 % 4.7 Total/Weighted Average $ 12,510,422 $ 5,008,695 $ (3,232 ) $ 5,005,463 $ (50,826 ) $ 4,954,637 188 AA 3.07 % 3.01 % 6.8 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of December 31, 2019 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 51 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 15 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: December 31, 2019 Gross Unrealized Losses Fair Value Amortized Cost Basis After Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell (C) $ — $ — $ — $ — 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 228,228 237,626 (3,232 ) (9,398 ) Non-credit impaired securities 4,726,409 4,767,837 — (41,428 ) Total debt securities in an unrealized loss position $ 4,954,637 $ 5,005,463 $ (3,232 ) $ (50,826 ) (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 not have unrealized losses reflected in other comprehensive income as of December 31, 2019 . (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: Year Ended December 31, 2019 2018 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 52,803 $ 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 23,059 16,924 Additions for credit losses on securities for which an OTTI was not previously recognized 2,115 13,093 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/paid off during the period (18,914 ) (1,035 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 59,063 $ 52,803
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: December 31, 2019 2018 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 9,048,847 36.6 % $ 7,318,616 37.7 % Southeastern U.S. 5,983,966 24.2 % 4,613,314 23.8 % Northeastern U.S. 5,416,137 21.9 % 3,829,725 19.7 % Midwestern U.S. 2,562,269 10.4 % 2,063,263 10.6 % Southwestern U.S. 1,440,467 5.8 % 1,321,853 6.8 % Other (B) 296,273 1.1 % 250,833 1.4 % $ 24,747,959 100.0 % $ 19,397,604 100.0 % (A) Excludes $25.0 million and $56.8 million face amount of bonds backed by consumer loans and $85.0 million and $85.0 million face amount of bonds backed by corporate debt as of December 31, 2019 and December 31, 2018 , 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 December 31, 2019 $ 5,701,736 $ 3,830,369 December 31, 2018 6,385,306 4,217,242
Summary of Changes in Accretable Yield for Securities	The following is a summary of the changes in accretable yield for these securities: Year Ended December 31, 2019 2018 Beginning Balance $ 2,245,983 $ 2,000,266 Additions 407,864 397,934 Accretion (239,682 ) (290,014 ) Reclassifications from (to) non-accretable difference (233,683 ) 156,070 Disposals (298,006 ) (18,273 ) Ending Balance $ 1,882,476 $ 2,245,983

INVESTMENTS IN RESIDENTIAL MO_2

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2019
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: December 31, 2019 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount LTV Ratio (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Loan Type Performing Loans (G) (J) $ 858,703 $ 859,428 13,627 6.9 % 5.3 8.8 % 76.1 % 15.8 % 646 Purchased Credit Deteriorated Loans (H) 96,420 66,278 945 8.5 % 3.2 21.8 % 91.1 % 60.0 % 588 Total Residential Mortgage Loans, held-for-investment $ 955,123 $ 925,706 14,572 7.1 % 5.1 10.1 % 77.6 % 20.2 % 641 Reverse Mortgage Loans (E) (F) $ 11,628 $ 5,844 28 7.9 % 4.6 5.7 % 149.9 % 69.5 % N/A Performing Loans (G) (I) 839,141 857,821 12,808 4.5 % 4.0 62.7 % 50.1 % 7.8 % 688 Non-Performing Loans (H) (I) 680,736 565,387 5,032 5.2 % 3.1 11.8 % 73.8 % 77.3 % 587 Total Residential Mortgage Loans, held-for-sale $ 1,531,505 $ 1,429,052 17,868 4.9 % 3.6 39.7 % 61.4 % 39.2 % 643 Acquired Loans 3,132,007 3,024,288 19,204 4.0 % 7.0 3.3 % 62.2 % 23.1 % 626 Originated Loans 1,543,799 1,589,324 5,806 3.8 % 28.6 3.5 % 79.0 % 8.2 % 674 Total Residential Mortgage Loans, held-for-sale, at fair value (K) $ 4,675,806 $ 4,613,612 25,010 4.0 % 14.1 3.4 % 67.8 % 18.2 % 642 December 31, 2018 Loan Type Performing Loans (G) (J) $ 636,874 $ 591,264 8,424 8.0 % 4.8 20.3 % 77.7 % 8.9 % 649 Purchased Credit Deteriorated Loans (H) 191,497 144,065 1,556 7.6 % 3.1 16.4 % 84.6 % 71.5 % 596 Total Residential Mortgage Loans, held-for-investment $ 828,371 $ 735,329 9,980 7.9 % 4.4 19.4 % 79.3 % 23.3 % 637 Reverse Mortgage Loans (E) (F) $ 13,807 $ 6,557 37 8.1 % 4.8 10.6 % 142.5 % 67.8 % N/A Performing Loans (G) (I) 408,724 413,883 7,144 4.4 % 3.9 56.6 % 61.3 % 9.0 % 670 Non-Performing Loans (H) (I) 621,700 512,040 5,029 5.5 % 3.0 14.9 % 88.1 % 72.6 % 588 Total Residential Mortgage Loans, held-for-sale $ 1,044,231 $ 932,480 12,210 5.1 % 3.4 31.2 % 78.3 % 47.6 % 621 Acquired Loans 2,295,340 2,153,269 12,873 4.5 % 8.0 7.7 % 75.7 % 14.0 % 626 Originated Loans 638,173 655,260 2,307 5.2 % 28.5 96.3 % 80.0 % 3.8 % 714 Total Residential Mortgage Loans, held-for-sale, at fair value (K) $ 2,933,513 $ 2,808,529 15,180 4.6 % 12.5 27.0 % 76.6 % 11.8 % 645 (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. Mr. Cooper holds the other 30% interest and services the loans. The average loan balance outstanding based on total UPB was $0.6 million and $0.5 million at December 31, 2019 and 2018 , respectively. Approximately 45.6% and 54.9% of these loans have reached a termination event at December 31, 2019 and 2018 , respectively. 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 December 31, 2019 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (J) below. (I) Includes $36.0 million and $26.9 million UPB of Ginnie Mae EBO performing and non-performing loans as of December 31, 2019 , respectively, on accrual status as contractual cash flows are guaranteed by the FHA. As of December 31, 2018 , these amounts were $24.3 million and $51.9 million , respectively. (J) Includes $107.7 million and $345.1 million UPB of non-agency mortgage loans underlying the SAFT 2013-1 securitization and MDST Trusts, respectively, which are carried at fair value based on New Residential’s election of the fair value option. Interest earned on loans measured at fair value are reported in other income. (K) New Residential elected the fair value option to measure these loans at fair value on a recurring basis. Interest earned on loans measured at fair value are reported in other income.
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 December 31, State Concentration 2019 2018 California 16.1 % 16.7 % New York 9.0 % 11.7 % Florida 8.4 % 8.8 % Texas 7.1 % 4.7 % Georgia 4.8 % 2.7 % New Jersey 4.2 % 5.3 % Illinois 3.6 % 4.0 % Maryland 3.3 % 3.6 % Massachusetts 3.3 % 3.1 % Pennsylvania 2.9 % 3.1 % Other U.S. 37.3 % 36.3 % 100.0 % 100.0 %
Past Due Financing Receivables	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: December 31, 2019 Days Past Due Delinquency Status (A) Current 86.5 % 30-59 7.0 % 60-89 2.7 % 90-119 (B) 0.7 % 120+ (C) 3.1 % 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: December 31, 2019 Days Past Due Delinquency Status (A) Current 95.3 % 30-59 1.8 % 60-89 1.2 % 90-119 (B) 0.7 % 120+ (B) (C) 1.0 % 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 (38,276 ) Accretion of loan discount and other amortization 24,124 (Allowance) reversal for loan losses (A) — Transfer of loans to real estate owned (28,060 ) Transfer of loans to held-for-sale (27,048 ) Balance at December 31, 2018 $ 144,065 Purchases/additional fundings — Sales — Proceeds from repayments (16,855 ) Accretion of loan discount and other amortization 16,041 (Allowance) reversal for loan losses (2,332 ) Transfer of loans to real estate owned (14,487 ) Transfer of loans to held-for-sale (60,154 ) Balance at December 31, 2019 $ 66,278 (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 performing residential mortgage loans held-for-investment were as follows: Performing Loans Balance at December 31, 2017 $ 507,615 Shellpoint Acquisition 125,350 Purchases/additional fundings 55,993 Proceeds from repayments (106,236 ) Accretion of loan discount (premium) and other amortization (A) 15,773 Provision for loan losses (1,028 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (5,131 ) Transfers of loans to held for sale (1,555 ) Fair value adjustment 472 Balance at December 31, 2018 $ 591,253 Ditech Acquisition (C) 381,039 Purchases/additional fundings — Proceeds from repayments (102,340 ) Accretion of loan discount (premium) and other amortization (A) 12,661 Provision for loan losses (595 ) Transfer of loans to other assets (B) — Transfer of loans to real estate owned (6,223 ) Transfers of loans to held for sale (20,505 ) Fair value adjustment 4,138 Balance at December 31, 2019 $ 859,428 (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). (C) As a result of the Ditech Acquisition, New Residential acquired the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the trusts.
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) 1,028 Charge-offs (B) (1,224 ) Balance at December 31, 2018 $ — Provision for loan losses (A) 595 Charge-offs (B) (595 ) Balance at December 31, 2019 $ — (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 47,839 388 48,227 Net charge-offs (C) (49,664 ) — (49,664 ) Balance at December 31, 2018 $ 2,604 $ 2,064 $ 4,668 Provision (reversal) for loan losses 30,008 846 30,854 Net charge-offs (C) (32,057 ) — (32,057 ) Balance at December 31, 2019 $ 555 $ 2,910 $ 3,465 (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 December 31, 2019 , there are $18.0 million in UPB and $15.9 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 $8.6 million and $9.0 million in recoveries of previously charged-off UPB in 2019 and 2018 , respectively.
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 15,644 Accretion (24,124 ) Reclassifications from non-accretable difference (A) 5,493 Disposals (B) (7,257 ) Transfer of loans to held-for-sale (C) (9,755 ) Balance at December 31, 2018 $ 68,632 Additions — Accretion (16,041 ) Reclassifications from (to) non-accretable difference (A) 9,361 Disposals (B) (11,515 ) Transfer of loans to held-for-sale (C) (13,415 ) Balance at December 31, 2019 $ 37,022 (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, at lower of cost or fair value were as follows: Balance at December 31, 2017 $ 1,725,534 Purchases (A) 3,653,608 Transfer of loans from held-for-investment (B) 28,603 Sales (4,205,375 ) Transfer of loans to other assets (C) (9,811 ) Transfer of loans to real estate owned (54,114 ) Proceeds from repayments (195,797 ) Valuation (provision) reversal on loans (D) (10,168 ) Balance at December 31, 2018 $ 932,480 Purchases (A) 1,124,099 Ditech Acquisition 9,136 Transfer of loans from held-for-investment (B) 80,659 Sales (495,925 ) Transfer of loans to other assets (C) (10,154 ) Transfer of loans to real estate owned (49,459 ) Proceeds from repayments (184,683 ) Valuation (provision) reversal on loans (D) 22,899 Balance at December 31, 2019 $ 1,429,052 (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 $5.2 million and $59.2 million of provision related to the call transactions executed during the years ended December 31, 2019 and 2018 , respectively.
Schedule of Loans Held For Sale, Fair Value	Activities related to the carrying value of originated loans held-for-sale, at fair value were as follows: Balance at December 31, 2018 $ 655,260 Originations 19,512,072 Ditech Acquisition 618,297 Sales (19,176,028 ) Proceeds from repayments (48,626 ) Transfer of loans to other assets (412 ) Change in fair value 28,761 Balance at December 31, 2019 $ 1,589,324 Activities related to the carrying value of acquired loans held-for-sale, at fair value were as follows: Balance at December 31, 2018 $ 2,153,269 Purchases (A) 7,499,614 Sales (6,362,077 ) Proceeds from repayments (187,311 ) Transfer of loans to real estate owned (4,155 ) Accretion of loan discount and other amortization — Change in fair value (75,052 ) Balance at December 31, 2019 $ 3,024,288 (A) Includes an acquisition date fair value adjustment increase of $13.3 million on loans acquired through call transactions executed during the twelve months ending December 31, 2019 .
Schedule of Net Interest Income	Interest income recognized by New Residential related to its Servicer Advance Investments was comprised of the following: Year Ended December 31, 2019 2018 2017 Interest income, gross of amounts attributable to servicer compensation $ 51,940 $ 83,807 $ 871,506 Amounts attributable to base servicer compensation (6,209 ) (8,491 ) (227,585 ) Amounts attributable to incentive servicer compensation (18,065 ) (25,098 ) (115,565 ) Interest income from Servicer Advance Investments $ 27,666 $ 50,218 $ 528,356 Net Interest Income December 31, 2019 2018 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 60,301 $ 76,129 Acquired Residential Mortgage Loans, held-for-sale 65,926 45,653 Acquired Residential Mortgage Loans, held-for-sale, at fair value 123,446 35,904 Originated Residential Mortgage Loans, held-for-sale, at fair value 52,480 15,658 Total Interest Income on Residential Mortgage Loans 302,153 173,344 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 19,381 23,618 Acquired Residential Mortgage Loans, held-for-sale 40,067 35,796 Acquired Residential Mortgage Loans, held-for-sale, at fair value 98,850 21,496 Originated Residential Mortgage Loans, held-for-sale,at fair value 10,873 2,690 Total Interest Expense on Residential Mortgage Loans 169,171 83,600 Total Net Interest Income on Residential Mortgage Loans $ 132,982 $ 89,744
Schedule of Originated Mortgage Loans	is summarized below: Year Ended December 31, 2019 2018 (A) Gain on loans originated and sold, net (B) $ 53,554 $ 47,172 Gain (loss) on settlement of mortgage loan origination derivative instruments (C) (53,374 ) 1,234 MSRs retained on transfer of loans (D) 374,450 35,311 Other (E) 42,912 14,057 Realized gain on sale of originated mortgage loans, net $ 417,542 $ 97,774 Change in fair value of loans 28,761 3,695 Change in fair value of interest rate lock commitments (Note 11) 26,151 23 Change in fair value of derivative instruments (Note 11) 3,001 (5,347 ) Gain on originated mortgage loans, held-for-sale, net $ 475,455 $ 96,145 (A) Includes results from July 3, 2018, the date of acquisition. (B) Includes loan origination fees of $421.3 million and $21.8 million in the years ended December 31, 2019 and December 31, 2018 , respectively. (C) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (D) Represents the initial fair value of the capitalized mortgage servicing rights upon loan sales with servicing retained. (E) Includes fees for services associated with the loan origination process.
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 33,377 Transfer of loans to real estate owned 107,577 Sales (A) (152,725 ) Valuation provision on REO (3,114 ) Balance at December 31, 2018 $ 113,410 Purchases 68,024 Transfer of loans to real estate owned 86,167 Sales (A) (150,431 ) Valuation (provision) reversal on REO 635 Balance at December 31, 2019 $ 117,805 (A) Recognized when control of the property has transferred to the buyer.

INVESTMENTS IN CONSUMER LOANS (

INVESTMENTS IN CONSUMER LOANS (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments in Consumer Loan Equity Method Investees	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) December 31, 2019 Consumer Loan Companies Performing Loans $ 644,676 53.5 % $ 682,310 18.8 % 4.0 4.7 % Purchased Credit Deteriorated Loans (C) 170,083 53.5 % 136,633 15.5 % 3.7 10.1 % Other - Performing Loans 9,158 100.0 % 8,602 15.1 % 0.7 6.1 % Total Consumer Loans, held-for-investment $ 823,917 $ 827,545 18.0 % 3.9 5.9 % December 31, 2018 Consumer Loan Companies Performing Loans $ 815,341 53.5 % $ 856,563 18.8 % 3.6 5.4 % Purchased Credit Deteriorated Loans (C) 221,910 53.5 % 182,917 16.0 % 3.4 11.6 % Other - Performing Loans 35,326 100.0 % 32,722 14.2 % 0.8 5.6 % Total Consumer Loans, held-for-investment $ 1,072,577 $ 1,072,202 18.1 % 3.5 6.7 % (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 Receivables	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: December 31, 2019 Days Past Due Delinquency Status (A) Current 86.5 % 30-59 7.0 % 60-89 2.7 % 90-119 (B) 0.7 % 120+ (C) 3.1 % 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: December 31, 2019 Days Past Due Delinquency Status (A) Current 95.3 % 30-59 1.8 % 60-89 1.2 % 90-119 (B) 0.7 % 120+ (B) (C) 1.0 % 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) 63,971 Proceeds from repayments (257,182 ) Accretion of loan discount and premium amortization, net 1,940 Gross charge-offs (56,870 ) Additions to the allowance for loan losses, net (388 ) Balance at December 31, 2018 $ 889,285 Purchases — Additional fundings (A) 54,375 Proceeds from repayments (213,525 ) Accretion of loan discount and premium amortization, net 186 Gross charge-offs (38,563 ) Additions to the allowance for loan losses, net (846 ) Balance at December 31, 2019 $ 690,912 (A) Represents draws on consumer loans with revolving privileges.
Allowance for Credit Losses on Financing Receivables	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) 1,028 Charge-offs (B) (1,224 ) Balance at December 31, 2018 $ — Provision for loan losses (A) 595 Charge-offs (B) (595 ) Balance at December 31, 2019 $ — (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 47,839 388 48,227 Net charge-offs (C) (49,664 ) — (49,664 ) Balance at December 31, 2018 $ 2,604 $ 2,064 $ 4,668 Provision (reversal) for loan losses 30,008 846 30,854 Net charge-offs (C) (32,057 ) — (32,057 ) Balance at December 31, 2019 $ 555 $ 2,910 $ 3,465 (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 December 31, 2019 , there are $18.0 million in UPB and $15.9 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 $8.6 million and $9.0 million in recoveries of previously charged-off UPB in 2019 and 2018 , respectively.
Schedule of Carrying Value of 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) (31 ) Proceeds from repayments (90,700 ) Accretion of loan discount and other amortization 37,199 Balance at December 31, 2018 $ 182,917 (Allowance) reversal for loan losses (A) 31 Proceeds from repayments (78,519 ) Accretion of loan discount and other amortization 32,204 Balance at December 31, 2019 $ 136,633 (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 December 31, 2019 $ 170,083 $ 136,633 December 31, 2018 221,910 182,917
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 (37,199 ) Reclassifications from (to) non-accretable difference (A) 31,426 Balance at December 31, 2018 $ 126,518 Accretion (32,204 ) Reclassifications from (to) non-accretable difference (A) 10,949 Balance at December 31, 2019 $ 105,263 (A) Represents a probable and significant increase (decrease) in cash flows previously expected to be uncollectible.
Summary of the Investment in the Consumer Loan Companies	The following tables summarize the investment in LoanCo and WarrantCo held by New Residential: December 31, 2019 December 31, 2018 (A) Consumer loans, at fair value $ — $ 231,560 Warrants, at fair value — 103,067 Other assets — 25,971 Warehouse financing — (182,065 ) Other liabilities — (1,142 ) Equity $ — $ 177,391 Undistributed retained earnings $ — $ — New Residential’s investment $ — $ 42,875 New Residential’s ownership 24.3 % 24.2 % Year Ended December 31, 2019 2018 (A) Interest income $ 19,912 $ 42,920 Interest expense (6,487 ) (12,258 ) Change in fair value of consumer loans and warrants (4,596 ) 17,491 Gain on sale of consumer loans (B) (10,711 ) 2,697 Other expenses (3,871 ) (7,257 ) Net income $ (5,753 ) $ 43,593 New Residential’s equity in net income $ (1,438 ) $ 10,803 New Residential’s ownership 25.0 % 24.8 % (A) Data as of, and for the periods ended, November 30, 2018, as a result of the one month reporting lag. (B) During the year ended December 31, 2019 , LoanCo sold, through securitizations which were treated as sales for accounting purposes, $406.1 million in UPB of consumer loans. LoanCo retained $83.9 million of residual interest in the securitizations and distributed them to the LoanCo co-investors, including New Residential. New Residential’s investment in LoanCo and WarrantCo changed as follows: Balance at December 31, 2018 $ 38,294 Contributions to equity method investees 64,499 Distributions of earnings from equity method investees (8,607 ) Distributions of capital from equity method investees (92,748 ) Earnings from investments in consumer loans, equity method investees (1,438 ) Balance at December 31, 2019 $ —

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives	New Residential’s derivatives are recorded at fair value on the Consolidated Balance Sheets as follows: December 31, Balance Sheet Location 2019 2018 Derivative assets Interest Rate Caps Other assets $ — $ 3 Interest Rate Swaps Other assets 155 — Interest Rate Lock Commitments Other assets 41,346 10,851 Forward Loan Sale Commitments Other assets — 39 TBAs Other assets — — $ 41,501 $ 10,893 Derivative liabilities Interest Rate Swaps (A) Accrued expenses and other liabilities $ — $ 5,245 Interest Rate Lock Commitments Accrued expenses and other liabilities 1,455 223 Forward Loan Sale Commitments Accrued expenses and other liabilities 27 — TBAs Accrued expenses and other liabilities 5,403 23,921 $ 6,885 $ 29,389 (A) Net of $171.8 million and $106.1 million of related variation margin accounts as of December 31, 2019 and December 31, 2018 , respectively. The following table summarizes notional amounts related to derivatives: December 31, 2019 2018 Interest Rate Caps (A) $ 12,500 $ 50,000 Interest Rate Swaps (B) 4,900,000 4,725,000 Interest Rate Lock Commitments 4,043,935 823,187 Forward Loan Sale Commitments 43,654 30,274 TBAs, short position (C) 5,048,000 5,904,300 TBAs, long position (C) 11,692,212 — 5,067,200 (A) As of December 31, 2019 , caps LIBOR at 4.00% for $12.5 million of notional. The weighted average maturity of the interest rate caps as of December 31, 2019 was 11 months. (B) Includes $4.0 billion notional of Receive LIBOR/Pay Fixed of 3.2% and $0.9 billion notional of Receive Fixed of 1.9% /Pay LIBOR with weighted average maturities of 36 months and 87 months, respectively, as of December 31, 2019 . Includes $4.7 billion notional of Receive LIBOR/Pay Fixed of 3.21% with weighted average maturities of 52 months, as of December 31, 2018 . (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes all income (losses) recorded in relation to derivatives: Year Ended December 31, 2019 2018 2017 Change in fair value of derivative investments (A) Interest Rate Caps $ (3 ) $ 431 $ 323 Interest Rate Swaps (58,918 ) (108,098 ) (720 ) Unrealized gains(losses) on Interest Rate Lock Commitments — — — Forward Loan Sale Commitments — — — TBAs 2,778 (567 ) (1,793 ) (56,143 ) (108,234 ) (2,190 ) Gain (loss) on settlement of investments, net Interest Rate Caps $ — $ (603 ) $ (1,911 ) Interest Rate Swaps (8,671 ) 65,823 6,921 TBAs (B) (121,252 ) (10,353 ) (44,224 ) (129,923 ) 54,867 (39,214 ) Gain on originated mortgage loans, held for sale, net (A) Interest Rate Lock Commitments $ 26,151 $ 23 $ — TBAs 3,067 (5,064 ) — Forward Loan Sale Commitments (66 ) (283 ) — 29,152 (5,324 ) — Total income (losses) $ (156,914 ) $ (58,691 ) $ (41,404 ) (A) Represents unrealized gains (losses). (B) Excludes $53.4 million and $1.2 million in loss on settlement included within gain on originated mortgage loans, held-for-sale, net (Note 9) for the years ended December 31, 2019 and 2018 , respectively.

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt Obligations	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: Shellpoint Acquisition — — — 1,957 437,675 — 439,632 Borrowings — — — 90,996,778 8,665,900 — 99,662,678 Repayments — — — (85,912,169 ) (7,298,734 ) — (93,210,903 ) Capitalized deferred financing costs, net of amortization — — — (165 ) 589 — 424 Notes and Bonds Payable: Shellpoint Acquisition — 20,731 — — 120,702 — 141,433 Borrowings 350,787 4,212,855 5,207,084 — 183 — 9,770,909 Repayments (537,227 ) (3,022,785 ) (5,887,384 ) — (136,947 ) (308,316 ) (9,892,659 ) Discount on borrowings, net of amortization — — 41 — — 1,633 1,674 Unrealized loss on notes, fair value — — — — 684 — 684 Capitalized deferred financing costs, net of amortization 25 (7,124 ) 2,558 — — 374 (4,167 ) Balance at December 31, 2018 $ 297,563 $ 2,360,856 $ 3,382,455 $ 11,780,855 $ 3,898,059 $ 936,447 $ 22,656,235 Repurchase Agreements: Borrowings — — — 207,138,969 36,177,659 — 243,316,628 Repayments — — — (196,120,793 ) (34,833,314 ) — (230,954,107 ) Capitalized deferred financing costs, net of amortization — — — 165 (429 ) — (264 ) Notes and Bonds Payable: Ditech Acquisition (B) — — — — 209,459 — 209,459 Borrowings 456,741 2,456,410 4,952,585 — 912,445 928,683 9,706,864 Repayments (537,200 ) (2,178,755 ) (5,149,327 ) — (383,635 ) (1,054,610 ) (9,303,527 ) Discount on borrowings, net of amortization — — 102 — — 6,169 6,271 Unrealized loss on notes, fair value — — — — 1,236 — 1,236 Capitalized deferred financing costs, net of amortization 196 1,525 (4,143 ) — — — (2,422 ) Balance at December 31, 2019 $ 217,300 $ 2,640,036 $ 3,181,672 $ 22,799,196 $ 5,981,480 $ 816,689 $ 35,636,373 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances. (B) As a result of the Ditech Acquisition, New Residential acquired the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the respective securities. See Note 9 for the associated loans. The following table presents certain information regarding New Residential’s debt obligations: December 31, 2019 December 31, 2018 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) $ 15,481,677 $ 15,481,677 Jan-20 to May-20 1.99 % 0.1 $ 15,499,156 $ 15,810,728 $ 15,862,218 4.0 $ 4,346,070 Non-Agency RMBS (E) 7,317,519 7,317,519 Jan-20 to Sep-20 2.76 % 0.1 25,220,620 8,014,409 8,661,349 7.0 7,434,785 Residential Mortgage Loans (F) 5,054,667 5,053,207 Feb-20 to May-21 3.48 % 0.6 5,778,009 5,847,650 5,577,297 15.4 3,678,246 Real Estate Owned (G) (H) 63,846 63,822 Feb-20 to May-21 3.53 % 0.7 N/A N/A 77,556 N/A 94,868 Total Repurchase Agreements 27,917,709 27,916,225 2.47 % 0.2 15,553,969 Notes and Bonds Payable Excess MSRs (I) 217,300 217,300 Feb-20 to Jul-22 4.45 % 2.6 97,846,949 306,803 394,644 5.9 297,563 MSRs (J) 2,646,540 2,640,036 Mar-20 to Jul-24 4.16 % 1.6 394,098,370 3,998,060 4,446,855 5.7 2,360,856 Servicer Advances (K) 3,189,486 3,181,672 Jan-20 to Aug-23 2.90 % 2.1 3,587,593 3,858,818 3,883,151 1.4 3,382,455 Residential Mortgage Loans (L) 866,001 864,451 Apr-20 to Dec-45 4.63 % 8.3 1,183,625 1,199,326 1,171,201 7.1 124,945 Consumer Loans (M) 813,808 816,689 Dec-21 to May-36 3.25 % 3.9 823,806 830,900 827,434 3.9 936,447 Total Notes and Bonds Payable 7,733,135 7,720,148 3.60 % 2.8 7,102,266 Total/Weighted Average $ 35,650,844 $ 35,636,373 2.71 % 0.8 $ 22,656,235 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through the date of issuance were refinanced, extended or repaid. (C) These repurchase agreements had approximately $84.1 million of associated accrued interest payable as of December 31, 2019 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $5.3 billion of related trade and other receivables. (E) $6,788.4 million face amount of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates while the remaining $529.1 million face amount of the Non-Agency RMBS repurchase agreements have a fixed rate. This also includes repurchase agreements and related collateral of $7.5 million and $10.0 million , respectively, on retained consumer loan bonds and of $638.6 million and $744.4 million , respectively, on retained bonds collateralized by Agency MSRs. (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 $217.3 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 2.75% . 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: $1,250.0 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 ranging from 2.25% to 2.75% ; $59.5 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 $1,337.1 million of public notes with fixed interest rates ranging from 3.55% to 4.62% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the MSRs and MSR financing receivables that secure these notes. (K) $1.9 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 1.0% to 2.0% . Collateral includes Servicer Advance Investments, as well as servicer advances receivable related to the mortgage servicing rights and MSR financing receivables owned by NRM. (L) Represents: (i) a $5.6 million note payable to Mr. Cooper which includes a $2.1 million receivable from government agency and bears interest equal to one-month LIBOR plus 2.88% , (ii) $105.3 million of SAFT 2013-1 mortgage-backed securities issued with fixed interest rates ranging from 3.50% to 3.76% (see Note 13 for fair value details), (iii) $353.5 million of 2019-RPL1 asset-backed notes held by third parties which include $0.3 million of REO and bear interest equal to 4.59% (see Note 13 for fair value details), (iv) $202.5 million of MDST Trusts asset-backed notes held by third parties which bear interest equal to 6.58% (see Note 13 for fair value details), and (v) $199.1 million of asset-backed notes held by third parties which include $1.5 million of REO and bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 1.25% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $734.7 million UPB of Class A notes with a coupon of 3.20% and a stated maturity date in May 2036; $70.4 million UPB of Class B notes with a coupon of 3.58% and a stated maturity date in May 2036; and $8.7 million UPB of Class C notes with a coupon of 5.06%
Schedule of Contractual Maturities of Debt Obligations	New Residential’s debt obligations as of December 31, 2019 had contractual maturities as follows: Year Nonrecourse Recourse Total 2020 $ 527,231 $ 29,183,656 $ 29,710,887 2021 1,030,932 752,496 1,783,428 2022 1,646,318 217,300 1,863,618 2023 400,000 382,215 782,215 2024 — 389,177 389,177 2025 and thereafter 1,121,519 — 1,121,519 $ 4,726,000 $ 30,924,844 $ 35,650,844
Schedule of Borrowing Capacity	The following table represents New Residential’s borrowing capacity as of December 31, 2019 : Debt Obligations/ Collateral Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential mortgage loans and REO $ 6,296,106 $ 3,685,133 $ 2,610,973 New Loan Originations 4,433,000 1,433,380 2,999,620 Non-Agency RMBS 650,000 529,096 120,904 Notes and Bonds Payable Excess MSRs 150,000 — 150,000 MSRs 1,575,000 1,309,484 265,516 Servicer advances (A) 1,645,000 1,289,521 355,479 Residential Mortgage Loans 650,000 199,132 450,868 Consumer loans 150,000 — 150,000 $ 15,549,106 $ 8,445,746 $ 7,103,360 (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 0.02% fee on the unused borrowing capacity.

FAIR VALUE MEASURMENT (Tables)

FAIR VALUE MEASURMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Financial Assets and Liabilities 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 December 31, 2019 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) $ 88,345,237 $ 379,747 $ — $ — $ 379,747 $ 379,747 Excess mortgage servicing rights, equity method investees, at fair value (A) 33,592,554 125,596 — — 125,596 125,596 Mortgage servicing rights, at fair value (A) 373,850,061 3,967,960 — — 3,967,960 3,967,960 Mortgage servicing rights financing receivables, at fair value (A) 130,984,870 1,718,273 — — 1,718,273 1,718,273 Servicer advance investments, at fair value 462,843 581,777 — — 581,777 581,777 Real estate and other securities, available-for-sale 36,159,591 19,477,728 — 11,519,943 7,957,785 19,477,728 Residential mortgage loans, held-for-investment 502,352 441,263 — — 435,234 435,234 Residential mortgage loans, held-for-sale 1,531,505 1,429,052 — — 1,438,302 1,438,302 Residential mortgage loans, held-for-sale, at fair value (B) 4,675,806 4,613,612 — 1,099,230 3,514,382 4,613,612 Residential mortgage loans, held-for-investment, at fair value (C) 452,771 484,443 — — 484,443 484,443 Residential mortgage loans subject to repurchase 172,336 172,336 — 172,336 — 172,336 Consumer loans, held-for-investment 823,917 827,545 — — 849,739 849,739 Derivative assets 8,360,894 41,501 — 155 41,346 41,501 Cash and cash equivalents 528,737 528,737 528,737 — — 528,737 Restricted cash 162,197 162,197 162,197 — — 162,197 Other assets (D) N/A 60,654 7,952 — 52,703 60,655 $ 35,012,421 $ 698,886 $ 12,791,664 $ 21,547,287 $ 35,037,837 Liabilities: Repurchase agreements $ 27,917,709 $ 27,916,225 $ — $ 27,917,709 $ — $ 27,917,709 Notes and bonds payable (E) 7,733,135 7,720,148 — — 7,779,060 7,779,060 Residential mortgage loan repurchase liability 172,336 172,336 — 172,336 — 172,336 Derivative liabilities 17,379,407 6,885 — 5,430 1,455 6,885 Excess spread financing 2,962,629 31,777 — — 31,777 31,777 Contingent consideration N/A 55,222 — — 55,222 55,222 $ 35,902,593 $ — $ 28,095,475 $ 7,867,514 $ 35,962,989 (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. (B) Includes $267.7 million in fair value of loans that are 90 days or more past due. (C) Includes $21.6 million in fair value of loans that are 90 days or more past due. (D) Excludes the indirect equity investment in a commercial redevelopment project that is accounted for at fair value on a recurring basis based on the NAV of New Residential’s investment. The investment had a fair value of $74.0 million as of December 31, 2019 . (E) Includes the MDST Trusts, SAFT 2013-1 mortgage-backed securities and the 2019-RPL1 asset-backed notes issued for which the fair value option for financial instruments was elected and resulted in a fair value of $659.7 million as of December 31, 2019 . 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 December 31, 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) $ 106,426,363 $ 447,860 $ — $ — $ 447,860 $ 447,860 Excess mortgage servicing rights, equity method investees, at fair value (A) 41,707,963 147,964 — — 147,964 147,964 Mortgage servicing rights, at fair value (A) 258,462,703 2,884,100 — — 2,884,100 2,884,100 Mortgage servicing rights financing receivables, at fair value (A) 130,516,565 1,644,504 — — 1,644,504 1,644,504 Servicer advance investments, at fair value 620,050 735,846 — — 735,846 735,846 Real estate and other securities, available-for-sale 22,152,845 11,636,581 — 2,665,618 8,970,963 11,636,581 Residential mortgage loans, held-for-investment 706,111 614,241 — — 625,321 625,321 Residential mortgage loans, held-for-sale 1,043,550 932,480 — — 958,970 958,970 Residential mortgage loans, held-for-sale, at fair value (B) 2,934,727 2,808,529 — 213,882 2,594,647 2,808,529 Residential mortgage loans, held-for-investment, at fair value (C) 122,260 121,088 — — 121,088 121,088 Residential mortgage loans subject to repurchase 121,602 121,602 — 121,602 — 121,602 Consumer loans, held-for-investment 1,072,577 1,072,202 — — 1,054,820 1,054,820 Derivative assets 840,179 10,893 — 42 10,851 10,893 Cash and cash equivalents 251,058 251,058 251,058 — — 251,058 Restricted cash 164,020 164,020 164,020 — — 164,020 Other assets (D) N/A 16,991 7,778 — 9,213 16,991 $ 23,609,959 $ 422,856 $ 3,001,144 $ 20,206,147 $ 23,630,147 Liabilities: Repurchase agreements $ 15,555,156 $ 15,553,969 $ — $ 15,555,156 $ — $ 15,555,156 Notes and bonds payable 7,117,909 7,102,266 — — 7,076,400 7,076,400 Residential mortgage loans repurchase liability 121,602 121,602 — 121,602 — 121,602 Derivative liabilities 15,759,782 29,389 — 29,166 223 29,389 Excess spread financing 3,492,587 39,304 — — 39,304 39,304 Contingent consideration N/A 40,842 — — 40,842 40,842 $ 22,887,372 $ — $ 15,705,924 $ 7,156,769 $ 22,862,693 (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. (B) Includes $88.7 million in fair value of loans that are 90 days or more past due. (C) Includes $0.4 million in fair value of loans that are 90 days or more past due. (D) Excludes the indirect equity investment in a commercial redevelopment project that is accounted for at fair value on a recurring basis based on the NAV of New Residential’s investment. The investment had a fair value of $74.3 million as of December 31, 2018 .
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) Agency Non-Agency MSRs (A) Mortgage Servicing Rights Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans 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 (D) Transfers from Level 3 — — — — — — — — — — Transfers to Level 3 — — — — — — — — — — Shellpoint Acquisition — — — 275,964 (124,652 ) — — 10,604 179,644 341,560 Gains (losses) included in net income Included in other-than-temporary impairment on securities (E) — — — — — — (24,940 ) — — (24,940 ) Included in change in fair value of investments in excess mortgage servicing rights (E) (18,099 ) (40,557 ) — — — — — — — (58,656 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (E) — — 8,357 — — — — — — 8,357 Included in servicing revenue, net (F) — — — (199,836 ) — — — — — (199,836 ) Included in change in fair value of investments in mortgage servicing rights financing receivable (E) — — — — 31,550 — — — — 31,550 Included in change in fair value of servicer advance investments — — — — — (89,332 ) — — — (89,332 ) Included in change in fair value of investments in residential mortgage loans — — — — — — — — 46,065 46,065 Included in gain (loss) on settlement of investments, net — 40,417 — — — 72,585 (1,288 ) — — 111,714 Included in other income (loss), net (E) 6,137 307 — — — — 10,283 24 (175 ) 16,576 Gains (losses) included in other comprehensive income (G) — — — — — — 31,031 — — 31,031 Interest income 21,936 22,504 — — — 50,218 377,018 — — 471,676 Purchases, sales and repayments Purchases — — — 1,042,933 128,357 2,332,989 3,854,439 — 2,107,204 9,465,922 Proceeds from sales (19,084 ) — — (5,776 ) (7,472 ) — (86,448 ) — — (118,780 ) Proceeds from repayments (58,139 ) (69,654 ) (32,158 ) — — (2,455,155 ) (1,163,921 ) — (2,111 ) (3,781,138 ) Originations — — — 35,311 — — — — — 35,311 Ocwen Transaction (Note 6) — (611,621 ) — — 1,017,993 (3,202,838 ) — — — (2,796,466 ) Balance at December 31, 2018 $ 257,387 $ 190,473 $ 147,964 $ 2,884,100 $ 1,644,504 $ 735,846 $ 8,970,963 $ 10,628 $ 2,330,627 $ 17,172,492 Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) Agency Non-Agency MSRs (A) Mortgage Servicing Rights Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans Total (continued) Transfers (D) Transfers from Level 3 — — — — — — — — (32,806 ) (32,806 ) Transfers to Level 3 — — — — — — — — 315,577 315,577 Ditech Acquisition — — — 387,170 — — (178,435 ) — 381,039 589,774 Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights — — — 367,121 (367,121 ) — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (E) — — — — — — (25,174 ) — — (25,174 ) Included in change in fair value of investments in excess mortgage servicing rights (E) (7,559 ) (2,946 ) — — — — — — — (10,505 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (E) — — 6,800 — — — — — — 6,800 Included in servicing revenue, net (F) — — — (721,356 ) — — — — — (721,356 ) Included in change in fair value of investments in mortgage servicing rights financing receivable (E) — — — — (189,023 ) — — — — (189,023 ) Included in change in fair value of servicer advance investments — — — — — 10,288 — — — 10,288 Included in change in fair value of investments in residential mortgage loans — — — — — — — — (63,347 ) (63,347 ) Included in gain (loss) on settlement of investments, net 1,479 30 — — — — 97,191 — — 98,700 Included in other income (loss), net (E) 1,523 819 — — — 2,101 29,263 — 33,706 Gains (losses) included in other comprehensive income (G) — — — — — 238,217 — — 238,217 Interest income 14,895 17,752 — — — 27,666 302,705 — — 363,018 Purchases, sales and repayments Purchases — — — 690,049 735,152 1,622,808 2,058,953 — 11,110,245 16,217,207 Proceeds from sales (10,018 ) (57 ) — (1,539 ) (22,989 ) — (1,949,300 ) — (10,638,483 ) (12,622,386 ) Proceeds from repayments (48,074 ) (35,957 ) (29,168 ) (11,625 ) (82,250 ) (1,814,831 ) (1,559,436 ) — (248,503 ) (3,829,844 ) Originations and other — — — 374,040 — — — 844,476 1,218,516 Balance at December 31, 2019 $ 209,633 $ 170,114 $ 125,596 $ 3,967,960 $ 1,718,273 $ 581,777 $ 7,957,785 $ 39,891 $ 3,998,825 $ 18,769,854 (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) For the purpose of this table, the IRLC asset and liability positions are shown net. (D) Transfers are assumed to occur at the beginning of the respective period. (E) 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. (F) The components of Servicing revenue, net are disclosed in Note 6. (G) These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income.
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs	New Residential’s liabilities measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess Spread Financing Mortgage-Backed Securities Issued Contingent Consideration Total Balance at December 31, 2017 $ — $ — $ — $ — Transfers (A) Transfers from Level 3 — — — — Transfers to Level 3 — — — — Shellpoint Acquisition 48,262 120,702 39,262 208,226 Gains (losses) included in net income Included in other-than-temporary impairment on securities (B) — — — — Included in change in fair value of investments in excess mortgage servicing rights — — — — Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (B) — — — — Included in servicing revenue, net (C) (8,591 ) — — (8,591 ) Included in change in fair value of investments in notes receivable - rights to MSRs — — — — Included in change in fair value of servicer advance investments — — — — Included in gain (loss) on settlement of investments, net — — — — Included in other income (B) — 684 1,580 2,264 Gains (losses) included in other comprehensive income, net of tax (D) — — — — Interest income — — — — Purchases, sales and payments Purchases — — — — Proceeds from sales — — — — Payments — (4,338 ) — (4,338 ) Other (367 ) — — (367 ) Balance at December 31, 2018 $ 39,304 $ 117,048 $ 40,842 $ 197,194 Transfers (A) Transfers from Level 3 — — — — Transfers to Level 3 — — — — Acquisitions — — 13,893 13,893 Ditech Acquisition (E) — 209,459 — 209,459 Gains (losses) included in net income Included in other-than-temporary impairment on securities (B) — — — — Included in change in fair value of investments in excess mortgage servicing rights — — — — Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (B) — — — — Included in servicing revenue, net (C) (8,406 ) — — (8,406 ) Included in change in fair value of investments in notes receivable - rights to MSRs — — — — Included in change in fair value of servicer advance investments — — — — Included in change in fair value of investments in residential mortgage loans — — — — Included in gain (loss) on settlement of investments, net — — — — Included in other income (B) — 1,236 10,487 11,723 Gains (losses) included in other comprehensive income, net of tax (D) — — — — Interest income — — — — Purchases, sales and payments Purchases — 378,569 — 378,569 Proceeds from sales — — — — Payments — (46,574 ) (10,000 ) (56,574 ) Other 879 — — 879 Balance at December 31, 2019 $ 31,777 $ 659,738 $ 55,222 $ 746,737 (A) Transfers are assumed to occur at the beginning of the respective period. (B) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 liabilities still held at the reporting dates and realized gains (losses) recorded during the period. (C) The components of Servicing revenue, net are disclosed in Note 6. (D) These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income. (E) As a result of the Ditech Acquisition, New Residential acquired MSRs and the servicing on certain residual tranches of Non-Agency RMBS it already owned, and now consolidates the respective securities. See Note 12 for the associated liability.
Summary of Certain Information Regarding Weighted Average Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees	The following table summarizes certain information regards the inputs used in valuing Mortgage-Backed Securities Issued: Fair Value Discount Rate Prepayment Rate CDR Loss Severity Mortgage-Backed Securities Issued $ 659,738 2.58% to 7.5% 4.5% to 15% 0% to 4% 30% to 95% The following tables summarize certain information regarding the weighted average inputs used: December 31, 2019 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity Years (F) Excess MSRs Directly Held (Note 5) Agency Original Pools 8.6 % 1.1 % 20.3 % 21 20 Recaptured Pools 10.7 % 0.5 % 27.8 % 23 23 9.2 % 0.9 % 22.3 % 22 21 Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 9.7 % N/A 15.5 % 15 24 Recaptured Pools 7.5 % N/A 17.4 % 24 23 9.4 % N/A 15.8 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.3 % 0.9 % 19.4 % 19 22 Excess MSRs Held through Equity Method Investees (Note 5) Agency Original Pools 9.3 % 1.4 % 23.7 % 19 19 Recaptured Pools 10.3 % 0.8 % 26.7 % 24 22 Total/Weighted Average--Excess MSRs Held through Investees 9.8 % 1.1 % 25.1 % 21 20 Total/Weighted Average--Excess MSRs All Pools 9.5 % 1.0 % 21.4 % 20 21 MSRs (Note 6) Agency (H) Mortgage Servicing Rights (I) 12.5 % 1.0 % 23.3 % 28 22 MSR Financing Receivables (I) 15.4 % 0.4 % 15.8 % 27 25 Non-Agency Mortgage Servicing Rights 11.6 % 1.2 % 22.1 % 31 16 MSR Financing Receivables (I) 8.3 % 14.4 % 9.3 % 47 25 Ginnie Mae Mortgage Servicing Rights (J) 16.2 % 4.4 % 28.1 % 42 27 December 31, 2018 Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount (E) Collateral Weighted Average Maturity Years (F) Excess MSRs Directly Held (Note 5) Agency Original Pools 9.8 % 2.5 % 26.3 % 21 21 Recaptured Pools 8.0 % 2.1 % 23.6 % 22 24 Recapture Agreement 7.9 % 2.2 % 24.8 % 22 — 9.1 % 2.4 % 25.4 % 21 22 Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 10.4 % N/A 15.4 % 15 24 Recaptured Pools 8.0 % N/A 19.9 % 23 24 Recapture Agreement 7.9 % N/A 19.8 % 20 — 9.9 % N/A 16.3 % 16 24 Total/Weighted Average--Excess MSRs Directly Held 9.4 % 2.4 % 21.5 % 19 23 Excess MSRs Held through Equity Method Investees (Note 5) Agency Original Pools 10.9 % 3.9 % 29.6 % 19 20 Recaptured Pools 8.5 % 2.6 % 28.8 % 23 23 Recapture Agreement 8.6 % 2.7 % 30.4 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.6 % 3.2 % 29.4 % 21 21 Total/Weighted Average--Excess MSRs All Pools 9.5 % 2.7 % 24.5 % 20 22 MSRs (Note 6) Agency (H) Mortgage Servicing Rights (I) 9.4 % 1.0 % 22.2 % 26 22 MSR Financing Receivables (I) 9.5 % 0.9 % 14.7 % 27 20 Non-Agency Mortgage Servicing Rights (I) 13.2 % 0.9 % 10.0 % 25 25 MSR Financing Receivables (I) 8.2 % 17.2 % 5.0 % 45 26 Ginnie Mae Mortgage Servicing Rights (J) 11.2 % 3.9 % 24.2 % 33 27 (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 bps. As of December 31, 2019 and 2018 , weighted average costs of subservicing of $7.18 and $7.30 , respectively, per loan per month was used to value the agency MSRs, including MSR Financing Receivables. Weighted average costs of subservicing of $11.28 and $11.45 , respectively, per loan per month was used to value the non-agency MSRs, including MSR Financing Receivables. Weighted average cost of subservicing of $9.20 and $10.06 , respectively, per loan per month was used to value the Ginnie Mae MSRs. (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) Represents Fannie Mae and Freddie Mac MSRs. (I) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. (J) Includes valuation of the related Excess spread financing (Note 6). The following table summarizes certain information regarding the inputs used in valuing residential mortgage loans held-for-investment, at fair value classified as Level 3: Fair Value Discount Rate Prepayment Rate CDR Loss Severity Residential Mortgage Loans Held-for-Investment, at Fair Value $ 484,443 5.5% 6.2% 4.0% 35.5% The following table summarizes certain information regarding the inputs used in valuing IRLCs: Fair Value Loan Funding Probability Fair Value of initial servicing rights (bps) IRLCs (net) $ 39,891 43% to 100% 6.25 to 327 The following table summarizes certain information regarding the inputs used in valuing residential mortgage loans held-for-sale, at fair value classified as Level 3: Fair Value Discount Rate Prepayment Rate CDR Loss Severity Acquired Loans $ 3,024,288 4.0% 7.5% 2.7% 27.6% Originated Loans 490,094 3.0-4.5% 6.0-17.0% 0.0-2.5% 0.0% - 60.0% Residential Mortgage Loans Held-for-Sale, at Fair Value $ 3,514,382
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) December 31, 2019 1.4 % 10.6 % 15.7 % 19.6 bps 5.3 % 22.9 December 31, 2018 1.4 % 10.9 % 17.7 % 19.6 bps 5.9 % 23.4 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 10.1 bps and 9.6 bps which represent the amounts New Residential paid its servicers as a monthly servicing fee as of December 31, 2019 and 2018 , respectively. (C) Weighted average maturity of the underlying residential mortgage loans in the pool.
Schedule of Securities Valuation Methodology and Results	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 December 31, 2019 Agency RMBS $ 11,301,603 $ 11,474,338 $ 11,519,943 $ — $ 11,519,943 2 Non-Agency RMBS (C) 24,857,988 7,307,837 7,953,573 4,212 7,957,785 3 Total $ 36,159,591 $ 18,782,175 $ 19,473,516 $ 4,212 $ 19,477,728 December 31, 2018 Agency RMBS $ 2,613,395 $ 2,657,917 $ 2,665,618 $ — $ 2,665,618 2 Non-Agency RMBS (C) 19,539,450 8,554,511 8,959,845 11,118 8,970,963 3 Total $ 22,152,845 $ 11,212,428 $ 11,625,463 $ 11,118 $ 11,636,581 (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 67.7% 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 $ 5,389,502 1.82% to 17.84% 0.5% to 23.0% 0.2% to 7.00% 15.0% 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 $0.7 million in 2019 and $11.1 million in 2018 , 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: Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) December 31, 2019 Performing Loans $ 707,106 4.2 % 4.1 11.7 % 2.6 % 27.3 % Non-Performing Loans 482,401 5.5 % 3.1 3.0 % 2.9 % 30.0 % Total/Weighted Average $ 1,189,507 4.7 % 3.7 8.2 % 28.4 % December 31, 2018 Performing Loans $ 307,135 4.4 % 4.0 10.5 % 3.0 % 33.2 % Non-Performing Loans 381,940 5.5 % 3.1 2.9 % 2.8 % 30.0 % Total/Weighted Average $ 689,075 5.0 % 3.5 6.3 % 31.4 % (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.

CONSOLIDATED VARIABLE INTERES_2

CONSOLIDATED VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The table below presents the carrying value and classification of the assets and liabilities of consolidated VIEs on New Residential’s consolidated balance sheets: The Buyer Shelter Joint Ventures Residential Mortgage Loans Consumer Loan SPVs Total December 31, 2019 Assets Servicer advance investments, at fair value $ 565,271 $ — $ — $ — $ 565,271 Residential mortgage loans, held-for-investment, at fair value — — 913,030 — 913,030 Consumer loans, held-for-investment — — — 818,943 818,943 Cash and cash equivalents 30,065 23,802 — — 53,867 Restricted cash 5,350 — — 9,073 14,423 Other assets 2,414 3,556 4,534 12,409 22,913 Total Assets $ 603,100 $ 27,358 $ 917,564 $ 840,425 $ 2,388,447 Liabilities Notes and bonds payable (A) $ 433,300 $ — $ 659,738 $ 820,658 $ 1,913,696 Accrued expenses and other liabilities 1,593 4,187 10,132 4,126 20,038 Total Liabilities $ 434,893 $ 4,187 $ 669,870 $ 824,784 $ 1,933,734 December 31, 2018 Assets Servicer advance investments, at fair value $ 713,239 $ — $ — $ — $ 713,239 Residential mortgage loans, held-for-investment — — 121,319 — 121,319 Consumer loans, held-for-investments — — — 1,039,480 1,039,480 Cash and cash equivalents 29,833 17,346 — — 47,179 Restricted cash 7,809 — — 10,186 17,995 Servicer advances receivable — — — — — Other assets 2,414 618 — 15,627 18,659 Total Assets $ 753,295 $ 17,964 $ 121,319 $ 1,065,293 $ 1,957,871 Liabilities Notes and bonds payable (A) $ 556,340 $ — $ 117,048 $ 1,030,096 $ 1,703,484 Accrued expenses and other liabilities 2,442 2,282 — 3,814 8,538 Total Liabilities $ 558,782 $ 2,282 $ 117,048 $ 1,033,910 $ 1,712,022 (A) The creditors of the VIEs do not have recourse to the general credit of New Residential, and the assets of the VIEs are not directly available to satisfy New Residential’s obligations. December 31, 2019 : December 31, 2019 2018 Residential mortgage loan UPB $ 19,590,978 $ 7,818,221 Weighted average delinquency (A) 1.25 % 1.97 % Net credit losses $ 9,354 $ 9,101 Face amount of debt held by third parties (B) $ 17,946,939 $ 6,783,187 Carrying value of bonds retained by New Residential (C) (D) $ 1,656,712 $ 1,206,402 Cash flows received by New Residential on these bonds $ 270,739 $ 178,301 (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. (D) Classified within Level 3 of the fair value hierarchy as the valuation is based on certain unobservable inputs including discount rate, prepayment rates and loss severity. See Note 13 for details on unobservable inputs.
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	Others’ interests in the equity of New Residential’s consolidated subsidiaries is computed as follows: December 31, 2019 December 31, 2018 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Total consolidated equity $ 168,207 $ 23,171 $ 46,510 $ 194,513 $ 15,682 $ 66,105 Others’ ownership interest 26.8 % 49.0 % 46.5 % 26.8 % 51.0 % 46.5 % Others’ interest in equity of consolidated subsidiary $ 45,025 $ 11,354 $ 22,171 $ 52,066 $ 7,998 $ 30,561 Others’ interests in the New Residential’s net income (loss) is computed as follows: Year Ended December 31, 2019 Year Ended December 31, 2018 Year Ended December 31, 2017 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Net income $ 15,892 $ 12,717 $ 69,143 $ 7,209 $ 3,135 $ 79,539 $ 23,604 $ — $ 98,692 Others’ ownership interest as a percent of total 26.8 % 49.0 % 46.5 % 27.4 % 51.0 % 46.5 % 47.6 % — % 46.5 % Others’ interest in net income of consolidated subsidiaries $ 4,255 $ 6,231 $ 32,151 $ 1,978 $ 1,599 $ 36,987 $ 11,227 $ — $ 45,892 (A) As a result, New Residential owned 73.2% , 72.6% and 52.4% of the Buyer, on average during the years ended December 31, 2019, 2018 and 2017, respectively. See Note 12 regarding the financing of Servicer Advance Investments.

EQUITY AND ENARNINGS PER SHARE

EQUITY AND ENARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Summary of Common Dividends Declared	Common dividends have been declared as follows: Per Share Declaration Date Payment Date Quarterly Dividend Total Amounts Distributed (millions) January 26, 2017 April 2017 0.48 147.5 June 21, 2017 July 2017 0.50 153.7 September 22, 2017 October 2017 0.50 153.7 December 18, 2017 January 2018 0.50 153.7 March 22, 2018 April 2018 0.50 168.1 June 21, 2018 July 2018 0.50 169.9 September 20, 2018 October 2018 0.50 170.2 December 20, 2018 January 2019 0.50 184.6 March 25, 2019 April 2019 0.50 207.7 June 18, 2019 July 2019 0.50 207.8 September 23, 2019 October 2019 0.50 207.8 December 16, 2019 January 2020 0.50 207.8
Summary of Outstanding Options	New Residential’s outstanding options were summarized as follows: December 31, 2019 2018 Held by the Manager 10,511,167 6,961,222 Issued to the Manager and subsequently assigned to certain of the Manager’s employees 2,290,749 1,530,916 Issued to the independent directors 7,000 6,000 Total 12,808,916 8,498,138 The following table summarizes New Residential’s outstanding options as of December 31, 2019 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the year ended December 31, 2019 was $16.11 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of December 31, 2019 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of December 31, 2019 (millions) Directors Various 7,000 7,000 $ 13.61 $ — Manager (C) 2017 1,130,916 — 14.09 2.3 Manager (C) 2018 5,320,000 2,996,715 16.79 — Manager (C) 2019 6,351,000 1,787,500 16.35 — Outstanding 12,808,916 4,791,215 (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 2018 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 its employees as follows: Date of Grant to Manager Range of Exercise Prices Total Unexercised Inception to Date 2017 $14.09 1,130,916 2018 $16.68 to $18.15 1,159,833 Total 2,290,749 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 5,799,166 $ 17.23 Options exercised (15,803,216 ) $ 14.30 Options expired unexercised — December 31, 2018 outstanding options 8,498,138 Options granted 6,352,000 $ 16.20 Options exercised (2,041,222 ) $ 13.88 Options expired unexercised — December 31, 2019 outstanding options 12,808,916 See table above

TRANSACTIONS WITH AFFILIATES _2

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of Affiliate Transactions	Due to affiliates is comprised of the following amounts: December 31, 2019 2018 Management fees $ 7,076 $ 5,779 Incentive compensation 91,892 94,900 Expense reimbursements and other 4,914 792 Total $ 103,882 $ 101,471 Affiliate expenses and fees were comprised of: Year Ended December 31, 2019 2018 2017 Management fees $ 79,472 $ 62,594 $ 55,634 Incentive compensation 91,892 94,900 81,373 Expense reimbursements (A) 500 500 500 Total $ 171,864 $ 157,994 $ 137,507 (A) Included in General and Administrative Expenses in the Consolidated Statements of Income.

RECLASSIFICATION FROM ACCUMUL_2

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Tables)	12 Months Ended
	Dec. 31, 2019
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: Accumulated Other Comprehensive Income Components Statement of Income Location Year Ended December 31, 2019 2018 2017 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (205,989 ) $ 29,936 $ (20,642 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 25,174 30,017 10,334 Total reclassifications $ (180,815 ) $ 59,953 $ (10,308 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax (benefit) expense consists of the following: Year Ended December 31, 2019 2018 2017 Current: Federal $ 148 $ 6,146 $ (1,250 ) State and Local 3,411 477 360 Total Current Income Tax Expense (Benefit) 3,559 6,623 (890 ) Deferred: Federal 28,939 (68,907 ) 148,997 State and Local 9,268 (11,147 ) 19,521 Total Deferred Income Tax Expense (Benefit) 38,207 (80,054 ) 168,518 Total Income Tax (Benefit) Expense $ 41,766 $ (73,431 ) $ 167,628
Schedule of Reported Provision for Income Taxes and the U.S. Federal Statutory Rate	The difference between New Residential’s reported provision for income taxes and the U.S. federal statutory rate of 21% is as follows: December 31, 2019 2018 2017 Provision at the statutory rate 21.00 % 21.00 % 35.00 % Non-taxable REIT income (16.26 )% (25.44 )% (21.72 )% State and local taxes 2.36 % (1.19 )% 1.76 % Change in valuation allowance — % (2.31 )% 0.85 % Change in federal tax rate — % — % (0.92 )% Other 0.66 % (0.30 )% (0.17 )% Total provision 7.76 % (8.24 )% 14.80 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liability are presented below: December 31, 2019 2018 Deferred tax assets: Net operating losses and tax credit carryforwards (A) $ 79,897 $ 41,713 Basis differences for REO and other assets 16,279 8,453 Unrealized mark to market 10,084 36,758 Other 1,194 3,087 Total deferred tax assets 107,454 90,011 Less valuation allowance — — Net deferred tax assets $ 107,454 $ 90,011 Deferred tax liabilities: Mortgage servicing rights $ (65,582 ) $ — Basis difference for partnership and other investments (29,022 ) (24,179 ) Fixed asset depreciation (4,181 ) — Total deferred tax (liability) $ (98,785 ) $ (24,179 ) Net deferred tax assets (liability) $ 8,669 $ 65,832 (A) As of December 31, 2019 , New Residential’s TRSs had approximately $328.0 million of net operating loss carryforwards for federal and state income tax purposes which may be available to offset future taxable income, if and when it arises. Approximately, $9.1 million of these federal and state net operating loss carryforwards will begin to expire in 2034. The utilization of the net operating loss carryforwards to reduce future income taxes will depend on the TRSs ability to generate sufficient taxable income prior to the expiration of the carryforward period.
Schedule of Taxable Common Stock Distributions	Common stock distributions were taxable as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 (A) $ 1.87 77.53 % 15.82 % 6.65 % 2018 (B) 1.60 78.03 % 1.03 % 20.94 % 2017 (C) 1.94 66.64 % 7.83 % 25.53 % (A) The entire $0.50 per share dividend declared in December 2019 and paid in January 2020 is treated as received by stockholders in 2020 . (B) The entire $0.50 per share dividend declared in December 2018 and paid in January 2019 is treated as received by stockholders in 2019 . (C) The entire $0.50 per share dividend declared in December 2017 and paid in January 2018 is treated as received by stockholders in 2018 . Series A Preferred stock distributions were as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 $ 0.69 84.18 % 15.82 % — % Series B Preferred stock distributions were as follows: Year Dividends per Share Ordinary Income Long-term Capital Gain Return of Capital 2019 $ 0.45 84.18 % 15.82 % — %

SUMMARY QUARTERLY CONSOLIDATE_2

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Unaudited Summary Information	The following is an unaudited summary information on New Residential’s quarterly operations. 2019 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Interest income $ 438,867 $ 416,047 $ 448,127 $ 463,089 $ 1,766,130 Interest expense 212,832 228,004 245,902 247,013 933,751 Net interest income 226,035 188,043 202,225 216,076 832,379 Impairment Other-than-temporary impairment (OTTI) on securities 7,516 8,859 5,567 3,232 25,174 Valuation and loss provision (reversal) on loans and real estate owned 5,280 13,452 (10,690 ) 2,361 10,403 12,796 22,311 (5,123 ) 5,593 35,577 Net interest income after impairment 213,239 165,732 207,348 210,483 796,802 Servicing revenue, net 165,853 (85,537 ) 53,050 251,793 385,159 Gain on originated mortgage loans, held-for-sale, net 67,170 101,018 126,747 180,520 475,455 Other income (loss) (A) (63,966 ) (25,947 ) 102,640 (53,826 ) (41,099 ) Operating Expenses 180,387 201,863 250,565 335,803 968,618 Income (Loss) Before Income Taxes 201,909 (46,597 ) 239,220 253,167 647,699 Income tax (benefit) expense 45,997 (21,577 ) (5,440 ) 22,786 41,766 Net Income (Loss) $ 155,912 $ (25,020 ) $ 244,660 $ 230,381 $ 605,933 Noncontrolling Interests in Income of Consolidated Subsidiaries $ 10,318 $ 6,923 $ 14,738 $ 10,658 $ 42,637 Dividends on Preferred Stock $ — $ — $ 5,338 $ 7,943 $ 13,281 Net Income (Loss) Attributable to Common Stockholders $ 145,594 $ (31,943 ) $ 224,584 $ 211,780 $ 550,015 Net Income (Loss) Per Share of Common Stock Basic $ 0.37 $ (0.08 ) $ 0.54 $ 0.51 $ 1.35 Diluted $ 0.37 $ (0.08 ) $ 0.54 $ 0.51 $ 1.34 Weighted Average Number of Shares of Common Stock Outstanding Basic 388,279,931 415,463,757 415,520,780 415,520,780 408,789,642 Diluted 388,601,075 415,665,460 415,588,238 415,673,185 408,990,107 Dividends Declared per Share of Common Stock $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 2.00 2018 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Interest income $ 383,573 $ 403,805 $ 425,524 $ 451,321 $ 1,664,223 Interest expense 124,387 133,916 162,806 185,324 606,433 Net interest income 259,186 269,889 262,718 265,997 1,057,790 Impairment Other-than-temporary impairment (OTTI) on securities 6,670 12,631 3,889 6,827 30,017 Valuation and loss provision (reversal) on loans and real estate owned 19,007 3,658 5,471 32,488 60,624 25,677 16,289 9,360 39,315 90,641 Net interest income after impairment 233,509 253,600 253,358 226,682 967,149 Servicing revenue, net 217,236 146,193 175,355 (10,189 ) 528,595 Gain on originated mortgage loans, held-for-sale, net — — 47,054 49,091 96,145 Other income (loss) (A) 264,524 (96,812 ) (84,620 ) (134,477 ) (51,385 ) Operating Expenses 107,817 119,753 192,107 189,727 609,404 Income (Loss) Before Income Taxes 607,452 183,228 199,040 (58,620 ) 931,100 Income tax (benefit) expense (6,912 ) (2,608 ) 3,563 (67,474 ) (73,431 ) Net Income $ 614,364 $ 185,836 $ 195,477 $ 8,854 $ 1,004,531 Noncontrolling Interests in Income of Consolidated Subsidiaries $ 10,111 $ 11,078 $ 10,869 $ 8,506 $ 40,564 Net Income Attributable to Common Stockholders $ 604,253 $ 174,758 $ 184,608 $ 348 $ 963,967 Net Income Per Share of Common Stock Basic $ 1.83 $ 0.52 $ 0.54 $ — $ 2.82 Diluted $ 1.81 $ 0.51 $ 0.54 $ — $ 2.81 Weighted Average Number of Shares of Common Stock Outstanding Basic 330,384,856 336,311,253 340,044,440 358,044,646 341,268,923 Diluted 333,380,436 339,538,503 340,868,403 358,509,094 343,137,361 Dividends Declared per Share of Common Stock $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 2.00 (A)

ORGANIZATION - Narrative (Detai

ORGANIZATION - Narrative (Details) - shares	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	415,520,780	369,104,429
Stock options outstanding (in shares)	12,808,916
Fortress-managed funds
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	2,400,000
Stock options outstanding (in shares)	10,500,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Jan. 01, 2020	Dec. 31, 2018
Cash and Cash Equivalents [Line Items]
Restricted cash	$ 162,197		$ 164,020
Debt instrument, term	1 year
Increase in retained earnings due to adoption of new acocunting standard	$ 549,733		830,713
Decrease in residential mortgage loans, due to adoption of new accounting guidance	(4,613,612)		(2,808,529)
Ginnie Mae
Cash and Cash Equivalents [Line Items]
Restricted cash	4,700		4,100
MSRs
Cash and Cash Equivalents [Line Items]
Restricted cash	61,100		60,400
Secured Corporate Note
Cash and Cash Equivalents [Line Items]
Restricted cash	0		1,900
Servicer Advance Investments
Cash and Cash Equivalents [Line Items]
Restricted cash	64,000		60,000
Consumer Loan
Cash and Cash Equivalents [Line Items]
Restricted cash	$ 32,400		$ 37,600
Forecast | Accounting Standards Update 2016-13
Cash and Cash Equivalents [Line Items]
Increase in retained earnings due to adoption of new acocunting standard		$ 5,900
Decrease in residential mortgage loans, due to adoption of new accounting guidance		6,000
Increase in consumer loans, at fair value due to adoption of new accounting guidance		$ 11,900

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Accretion and Other Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accretion of discount and other amortization:
Accretion of net discount on securities and loans	$ 323,652	$ 452,500	$ 398,213
Accretion of servicer advances receivable discount and servicer advance investments	28,094	214,876	542,983
Accretion of excess mortgage servicing rights income	32,647	44,440	103,053
Amortization of deferred financing costs	(4,019)	(7,795)	(12,076)
Amortization of discount on notes and bonds payable	(1,245)	(2,054)	(789)
Accretion and other amortization	$ 379,129	$ 701,967	$ 1,031,384

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Other Income (Loss), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other income (loss), net
Unrealized gain (loss) on other ABS	$ 2,101	$ 10,283	$ 2,883
Unrealized gain (loss) on notes and bonds payable	(1,236)	(684)	0
Unrealized gain (loss) on contingent consideration	(10,487)	(1,581)	0
Gain (loss) on transfer of loans to REO	11,842	19,519	22,938
Gain (loss) on transfer of loans to other assets	(1,144)	(1,977)	488
Gain (loss) on Excess MSR recapture agreements	2,294	979	2,384
Gain (loss) on Ocwen common stock	174	(10,860)	5,346
Bargain Purchase Gain (Note 3)	49,539	0	0
Rental and Ancillary Revenue	21,181	0	0
Other income (loss)	(30,115)	(26,457)	(27,741)
Other income (loss), net	$ 44,149	$ (10,778)	$ 6,298

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Gain (Loss) on Settlement of Investments, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Gain (loss) on sale of real estate securities, net	$ 205,989	$ (29,936)	$ 20,642
Gain (loss) on sale of acquired residential mortgage loans, net	153,174	(7,677)	39,731
Gain (loss) on settlement of derivatives	(129,923)	54,867	(39,214)
Gain (loss) on liquidated residential mortgage loans	(4,872)	(3,734)	(10,201)
Gain (loss) on sale of REO	(11,521)	(12,424)	(9,215)
Gains on settlement of investments in excess MSRs and servicer advance investments	0	113,002	11,320
Other gains (losses)	12,840	(19,013)	(2,753)
Gain (loss) on settlement of investments, net	$ 225,687	$ 95,085	$ 10,310

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Other Income [Line Items]
Legal and professional expense	$ 89,489	$ 45,234	$ 40,182
Loan origination expense	59,418	16,050	0
Occupancy expense	19,388
Occupancy expense		8,868	0
Other	84,251	51,557	26,793
General and Administrative Expense	538,035	231,579	67,159
Servicing
Schedule Of Other Income [Line Items]
Compensation and benefits expense, servicing	121,004	47,084	184
Origination
Schedule Of Other Income [Line Items]
Compensation and benefits expense, servicing	$ 164,485	$ 62,786	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Other Assets and Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2019	May 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Assets
Margin receivable, net		$ 280,176		$ 145,857
Servicing fee receivables		159,607		105,563
Due from servicers		163,961		95,261
Principal and interest receivable		85,191		76,015
Equity investment		114,763		74,323
Other receivables		117,045		23,723
Real Estate Owned		93,672		113,410
Single-family rental properties		24,133		0
Residential mortgage loans subject to repurchase		172,336		121,602	$ 0
New Residential’s investment		0		38,294
Goodwill		29,737		24,645
Notes Receivable		37,001		0
Warrants		28,042		0
Recovery asset		23,100		0
Property and equipment		18,018		11,263
Receivable from government agency		19,670		20,795
Intangible assets		40,963		18,708
Prepaid expenses		19,249		29,165
Operating lease right-of-use asset		32,120		0
Derivative assets		41,501		10,893
Ocwen common stock, at fair value		7,952		7,778
Other assets		51,230		44,419
Total other assets		1,559,467		961,714
Accrued Expenses and Other Liabilities
MSRs purchase price holdback		75,348		100,593
Interest payable		68,668		49,352
Accounts payable		119,771		75,591
Derivative liabilities		6,885		29,389
Due to servicers		127,846		95,419
Residential mortgage loan repurchase liability		172,336		121,602
Contingent Consideration		55,222		40,842
Accrued Compensation and Benefits		41,228		17,656
Excess spread financing, at fair value		31,777		39,304
Operating lease liability		38,520		0
Reserve for sales recourse		12,549		5,880
Other liabilities		22,976		36,484
Total accrued expenses and other liabilities	[1]	$ 773,126		$ 612,112
Covius
Other Assets
New Residential’s investment			$ 27,300
Goodwill			11,800
Notes Receivable			35,000
Intangible assets			$ 3,600
[1]	See Note 14 regarding consolidated VIEs.

BUSINESS ACQUISITIONS - Schedul

BUSINESS ACQUISITIONS - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Oct. 01, 2019	Sep. 03, 2019	Jul. 03, 2018	Dec. 31, 2019	Dec. 31, 2018
Liabilities
Goodwill (Bargain Purchase Gain)				$ 29,737	$ 24,645
Mortgage servicing rights, at fair value				3,967,960	2,884,100
Total Acquisitions
Business Acquisition [Line Items]
Total Consideration ($ in millions)				1,239,700
Assets
Mortgage servicing rights, at fair value				387,200
Residential mortgage loans, held-for-investment, at fair value				0
Residential mortgage loans, held-for-sale, at fair value				627,400
Residential mortgage loans subject to repurchase				0
Cash and cash equivalents				1,800
Restricted cash				0
Servicer Advance Receivable				238,000
Intangible assets				22,200
Other assets				71,400
Total Assets Acquired				1,348,000
Liabilities
Repurchase agreements				0
Notes and bonds payable				0
Mortgage-backed securities issued, at fair value				0
Residential mortgage loans repurchase liability				0
Excess spread financing, at fair value				0
Accrued expenses and other liabilities				63,900
Total Liabilities Assumed				63,900
Noncontrolling Interest				0
Net Assets				1,284,100
Goodwill (Bargain Purchase Gain)				(44,400)
Ditech
Business Acquisition [Line Items]
Total Consideration ($ in millions)	$ 1,218,200			1,218,200
Assets
Mortgage servicing rights, at fair value				387,200
Residential mortgage loans, held-for-investment, at fair value				0
Residential mortgage loans, held-for-sale, at fair value				627,400
Residential mortgage loans subject to repurchase				0
Cash and cash equivalents				0
Restricted cash				0
Servicer Advance Receivable				238,000
Intangible assets				10,500
Other assets				64,800
Total Assets Acquired				1,327,900
Liabilities
Repurchase agreements				0
Notes and bonds payable				0
Mortgage-backed securities issued, at fair value				0
Residential mortgage loans repurchase liability				0
Excess spread financing, at fair value				0
Accrued expenses and other liabilities				60,200
Total Liabilities Assumed				60,200
Noncontrolling Interest				0
Net Assets				1,267,700
Goodwill (Bargain Purchase Gain)				(49,500)
Guardian
Business Acquisition [Line Items]
Total Consideration ($ in millions)		$ 21,500		21,500
Assets
Mortgage servicing rights, at fair value				0
Residential mortgage loans, held-for-investment, at fair value				0
Residential mortgage loans, held-for-sale, at fair value				0
Residential mortgage loans subject to repurchase				0
Cash and cash equivalents				1,800
Restricted cash				0
Servicer Advance Receivable				0
Intangible assets				11,700
Other assets				6,600
Total Assets Acquired				20,100
Liabilities
Repurchase agreements				0
Notes and bonds payable				0
Mortgage-backed securities issued, at fair value				0
Residential mortgage loans repurchase liability				0
Excess spread financing, at fair value				0
Accrued expenses and other liabilities				3,700
Total Liabilities Assumed				3,700
Noncontrolling Interest				0
Net Assets				16,400
Goodwill (Bargain Purchase Gain)		$ 5,100		$ 5,100
Shellpoint
Business Acquisition [Line Items]
Total Consideration ($ in millions)			$ 425,500		425,500
Assets
Mortgage servicing rights, at fair value					286,600
Residential mortgage loans, held-for-investment, at fair value					125,300
Residential mortgage loans, held-for-sale, at fair value					488,200
Residential mortgage loans subject to repurchase					121,400
Cash and cash equivalents					79,200
Restricted cash					9,900
Servicer Advance Receivable					22,400
Intangible assets					18,400
Other assets					59,100
Total Assets Acquired					1,210,500
Liabilities
Repurchase agreements					439,600
Notes and bonds payable					20,700
Mortgage-backed securities issued, at fair value					120,700
Residential mortgage loans repurchase liability					121,400
Excess spread financing, at fair value					48,300
Accrued expenses and other liabilities					50,600
Total Liabilities Assumed					801,300
Noncontrolling Interest					8,300
Net Assets					400,900
Goodwill (Bargain Purchase Gain)			24,600		$ 24,600
Ginnie Mae | Shellpoint
Liabilities
Mortgage servicing rights, at fair value			$ 135,300
Customer relationships and servicing contracts | Ditech
Liabilities
Finite-lived intangible assets, useful life				3 years
Customer relationships and trade names | Guardian
Liabilities
Finite-lived intangible assets, useful life				7 years
Internally developed software | Shellpoint
Liabilities
Finite-lived intangible assets, useful life				5 years
Tradenames | Shellpoint
Liabilities
Finite-lived intangible assets, useful life				6 months

BUSINESS ACQUISITIONS - Narrati

BUSINESS ACQUISITIONS - Narrative (Details) $ in Thousands	Oct. 01, 2019USD ($)employee	Sep. 03, 2019USD ($)earnout_payment	May 01, 2019USD ($)	Jul. 03, 2018USD ($)earnout_payment	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Aug. 19, 2019
Business Acquisition [Line Items]
Bargain purchase gain						$ 49,539	$ 0	$ 0
Effective settlement of preexisting relationships						4,919	0	0
Contingent consideration					$ 40,842	55,222	40,842
Goodwill					24,645	29,737	24,645
Payment of contingent consideration						10,000	0	0
Strategic investment					38,294	0	38,294
Subordinated debt facility					0	37,001	0
Intangible assets					18,708	40,963	18,708
Covius Holdings Inc.
Business Acquisition [Line Items]
Goodwill			$ 11,800
Strategic investment			27,300
Subordinated debt facility			$ 35,000
Note receivable, term			4 years
Intangible assets			$ 3,600
Ditech Acquisition
Business Acquisition [Line Items]
Cash consideration	$ 1,213,300
Number of employees | employee	1,100
Bargain purchase gain						49,500
Effective settlement of preexisting relationships	$ 4,900
Revenue of acquiree						134,500
Net income of acquiree						104,700
Goodwill						(49,500)
Transition, integration, relocation, and training costs incurred						22,900
Guardian
Business Acquisition [Line Items]
Cash consideration		$ 7,600
Contingent consideration, high		17,500
Revenue of acquiree						14,400
Net income of acquiree						2,900
Contingent consideration		13,900			0	13,893	0	0
Goodwill		5,100				5,100
Goodwill, expected tax deductible amount		5,100
Guardian | NRZ Guardian Purchaser LLC
Business Acquisition [Line Items]
Cash consideration		$ 7,600
Equity interest acquired		100.00%							100.00%
Contingent consideration, high		$ 17,500
Number of earnout payments | earnout_payment		4
Shellpoint Acquisition
Business Acquisition [Line Items]
Cash consideration				$ 212,300
Effective settlement of preexisting relationships				173,900
Contingent consideration, high				60,000
Revenue of acquiree						780,700	177,400
Net income of acquiree						359,000	26,800
Contingent consideration				39,300	39,300	0	39,300	$ 0
Goodwill				24,600	24,600		$ 24,600
Goodwill, expected tax deductible amount				24,600
Payment of contingent consideration						$ 10,000
Decrease to contingent consideration					(3,500)
Decrease to consideration transferred					(6,400)
Increase to the fair value of identifiable intangible assets					14,100
Increase to other assets					300
Decrease to goodwill					$ (24,300)
Shellpoint Acquisition | NRM Acquisition LLC
Business Acquisition [Line Items]
Cash consideration				$ 212,300
Equity interest acquired				100.00%
Contingent consideration, high				$ 60,000
Number of earnout payments | earnout_payment				3

BUSINESS ACQUISITIONS - Sched_2

BUSINESS ACQUISITIONS - Schedule of Total Consideration (Details) - USD ($)	Oct. 01, 2019	Sep. 03, 2019	Jul. 03, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Effective settlement of preexisting relationships				$ 4,919,000	$ 0	$ 0
Contingent consideration				55,222,000	40,842,000
Ditech Acquisition
Business Acquisition [Line Items]
Cash Consideration	$ 1,213,300,000
Effective settlement of preexisting relationships	4,900,000
Total Consideration	$ 1,218,200,000			1,218,200,000
Guardian
Business Acquisition [Line Items]
Cash Consideration		$ 7,600,000
Earnout Payment		13,900,000
Total Consideration		21,500,000		21,500,000
Contingent consideration, low		0
Contingent consideration, high		17,500,000
Contingent consideration		$ 13,900,000		13,893,000	0	0
Shellpoint Acquisition
Business Acquisition [Line Items]
Cash Consideration			$ 212,300,000
Earnout Payment			39,300,000	40,900,000
Effective settlement of preexisting relationships			173,900,000
Total Consideration			425,500,000		425,500,000
Contingent consideration, low			0
Contingent consideration, high			$ 60,000,000
Contingent consideration, earnout payment period			3 years
Contingent consideration			$ 39,300,000	$ 0	$ 39,300,000	$ 0

BUSINESS ACQUISITIONS - Sched_3

BUSINESS ACQUISITIONS - Schedule of Unaudited Supplemental Pro Forma Financial Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Ditech Acquisition
Pro Forma (in millions)
Servicing and Origination Revenue	$ 1,104	$ 1,238.1
Income Before Income Taxes	552.8	923.3
Guardian
Pro Forma (in millions)
Income Before Income Taxes	$ 651.5	932.2
Shellpoint Acquisition
Pro Forma (in millions)
Servicing and Origination Revenue		767	$ 749
Income Before Income Taxes		$ 948.1	$ 1,197.5

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Interest income	$ 463,089	$ 448,127	$ 416,047	$ 438,867	$ 451,321	$ 425,524	$ 403,805	$ 383,573	$ 1,766,130	$ 1,664,223	$ 1,519,679
Interest expense	247,013	245,902	228,004	212,832	185,324	162,806	133,916	124,387	933,751	606,433	460,865
Net Interest Income	216,076	202,225	188,043	226,035	265,997	262,718	269,889	259,186	832,379	1,057,790	1,058,814
Impairment	5,593	(5,123)	22,311	12,796	39,315	9,360	16,289	25,677	35,577	90,641	86,092
Servicing revenue, net	251,793	53,050	(85,537)	165,853	(10,189)	175,355	146,193	217,236	385,159	528,595	424,349
Gain on originated mortgage loans, held-for-sale, net	180,520	126,747	101,018	67,170	49,091	47,054	0	0	475,455	96,145	0
Other income (loss)	(53,826)	102,640	(25,947)	(63,966)	(134,477)	(84,620)	(96,812)	264,524	(41,099)	(51,385)	207,786
Operating expenses	335,803	250,565	201,863	180,387	189,727	192,107	119,753	107,817	968,618	609,404	422,577
Income (Loss) Before Income Taxes	253,167	239,220	(46,597)	201,909	(58,620)	199,040	183,228	607,452	647,699	931,100	1,182,280
Income tax (benefit) expense	22,786	(5,440)	(21,577)	45,997	(67,474)	3,563	(2,608)	(6,912)	41,766	(73,431)	167,628
Net Income (Loss)	230,381	244,660	(25,020)	155,912	8,854	195,477	185,836	614,364	605,933	1,004,531	1,014,652
Noncontrolling interests in income (loss) of consolidated subsidiaries	10,658	14,738	6,923	10,318	8,506	10,869	11,078	10,111	42,637	40,564	57,119
Dividends on Preferred Stock	7,943	5,338	0	0					13,281	0	0
Net income (loss) attributable to common stockholders	211,780	$ 224,584	$ (31,943)	$ 145,594	348	$ 184,608	$ 174,758	$ 604,253	550,015	963,967	957,533
Investments	34,337,137				23,318,701				34,337,137	23,318,701
Cash and cash equivalents	528,737				251,058				528,737	251,058
Restricted cash	162,197				164,020				162,197	164,020
Other assets	9,805,646				7,932,589				9,805,646	7,932,589
Goodwill	29,737				24,645				29,737	24,645
Total assets	44,863,454				31,691,013				44,863,454	31,691,013
Debt	35,636,373				22,656,235				35,636,373	22,656,235	15,746,530
Other liabilities	1,990,821				2,946,483				1,990,821	2,946,483
Total liabilities	37,627,194				25,602,718				37,627,194	25,602,718
Total equity	7,236,260				6,088,295				7,236,260	6,088,295	4,796,162	$ 3,468,177
Noncontrolling interests in equity of consolidated subsidiaries	78,550				90,625				78,550	90,625
Total New Residential stockholders’ equity	7,157,710				5,997,670				7,157,710	5,997,670
Investments in equity method investees	165,848				186,258				165,848	186,258
Operating Segments | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income									606,404	723,965	713,413
Interest expense									289,286	242,345	233,587
Net Interest Income									317,118	481,620	479,826
Impairment									0	0	0
Servicing revenue, net									385,159	528,595	424,349
Gain on originated mortgage loans, held-for-sale, net									399,912	87,388	0
Other income (loss)									(129,032)	14,283	174,561
Operating expenses									700,393	360,889	186,330
Income (Loss) Before Income Taxes									272,764	750,997	892,406
Income tax (benefit) expense									70,729	(8,364)	166,186
Net Income (Loss)									202,035	759,361	726,220
Noncontrolling interests in income (loss) of consolidated subsidiaries									10,486	3,577	11,227
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									191,549	755,784	714,993
Investments	8,187,881				6,468,975				8,187,881	6,468,975
Cash and cash equivalents	428,176				236,871				428,176	236,871
Restricted cash	129,827				126,401				129,827	126,401
Other assets	3,875,554				3,510,192				3,875,554	3,510,192
Goodwill	29,737				24,645				29,737	24,645
Total assets	12,651,175				10,367,084				12,651,175	10,367,084
Debt	7,984,192				6,664,335				7,984,192	6,664,335
Other liabilities	620,221				520,215				620,221	520,215
Total liabilities	8,604,413				7,184,550				8,604,413	7,184,550
Total equity	4,046,762				3,182,534				4,046,762	3,182,534
Noncontrolling interests in equity of consolidated subsidiaries	56,379				60,064				56,379	60,064
Total New Residential stockholders’ equity	3,990,383				3,122,470				3,990,383	3,122,470
Investments in equity method investees	165,848				147,964				165,848	147,964
Operating Segments | Consumer Loans
Segment Reporting Information [Line Items]
Interest income									165,877	206,321	263,844
Interest expense									32,558	42,563	52,808
Net Interest Income									133,319	163,758	211,036
Impairment									31,010	48,563	63,165
Servicing revenue, net									0	0	0
Gain on originated mortgage loans, held-for-sale, net									0	0	0
Other income (loss)									(9,999)	9,965	28,075
Operating expenses									22,540	35,230	43,552
Income (Loss) Before Income Taxes									69,770	89,930	132,394
Income tax (benefit) expense									(502)	212	170
Net Income (Loss)									70,272	89,718	132,224
Noncontrolling interests in income (loss) of consolidated subsidiaries									32,151	36,987	45,892
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									38,121	52,731	86,332
Investments	827,545				1,110,496				827,545	1,110,496
Cash and cash equivalents	6,514				8,279				6,514	8,279
Restricted cash	32,370				37,619				32,370	37,619
Other assets	78,740				64,802				78,740	64,802
Goodwill	0				0				0	0
Total assets	945,169				1,221,196				945,169	1,221,196
Debt	824,222				1,033,900				824,222	1,033,900
Other liabilities	16,795				13,572				16,795	13,572
Total liabilities	841,017				1,047,472				841,017	1,047,472
Total equity	104,152				173,724				104,152	173,724
Noncontrolling interests in equity of consolidated subsidiaries	22,171				30,561				22,171	30,561
Total New Residential stockholders’ equity	81,981				143,163				81,981	143,163
Investments in equity method investees	0				38,294				0	38,294
Operating Segments | Origination | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income									42,166	12,430	0
Interest expense									41,949	10,018	0
Net Interest Income									217	2,412	0
Impairment									0	0	0
Servicing revenue, net									(1,605)	(450)	0
Gain on originated mortgage loans, held-for-sale, net									397,252	100,160	0
Other income (loss)									9,340	2,067	0
Operating expenses									258,729	96,724	0
Income (Loss) Before Income Taxes									146,475	7,465	0
Income tax (benefit) expense									39,768	0	0
Net Income (Loss)									106,707	7,465	0
Noncontrolling interests in income (loss) of consolidated subsidiaries									6,231	1,599	0
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									100,476	5,866	0
Investments	1,414,528				608,701				1,414,528	608,701
Cash and cash equivalents	77,237				40,741				77,237	40,741
Restricted cash	6,730				4,292				6,730	4,292
Other assets	250,709				43,412				250,709	43,412
Goodwill	11,836				11,836				11,836	11,836
Total assets	1,761,040				708,982				1,761,040	708,982
Debt	1,304,621				555,423				1,304,621	555,423
Other liabilities	117,328				468				117,328	468
Total liabilities	1,421,949				555,891				1,421,949	555,891
Total equity	339,091				153,091				339,091	153,091
Noncontrolling interests in equity of consolidated subsidiaries	11,354				7,998				11,354	7,998
Total New Residential stockholders’ equity	327,737				145,093				327,737	145,093
Investments in equity method investees	0				0				0	0
Operating Segments | Servicing | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income									34,013	8,148	0
Interest expense									1,043	264	0
Net Interest Income									32,970	7,884	0
Impairment									0	0	0
Servicing revenue, net									184,763	63,006	0
Gain on originated mortgage loans, held-for-sale, net									1,029	0	0
Other income (loss)									5,859	0	0
Operating expenses									145,813	52,251	0
Income (Loss) Before Income Taxes									78,808	18,639	0
Income tax (benefit) expense									21,396	0	0
Net Income (Loss)									57,412	18,639	0
Noncontrolling interests in income (loss) of consolidated subsidiaries									0	0	0
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									57,412	18,639	0
Investments	0				0				0	0
Cash and cash equivalents	32,225				35,886				32,225	35,886
Restricted cash	15,769				2,416				15,769	2,416
Other assets	204,723				84,432				204,723	84,432
Goodwill	12,809				12,809				12,809	12,809
Total assets	265,526				135,543				265,526	135,543
Debt	33,412				28,639				33,412	28,639
Other liabilities	51,264				4,591				51,264	4,591
Total liabilities	84,676				33,230				84,676	33,230
Total equity	180,850				102,313				180,850	102,313
Noncontrolling interests in equity of consolidated subsidiaries	0				0				0	0
Total New Residential stockholders’ equity	180,850				102,313				180,850	102,313
Investments in equity method investees	0				0				0	0
Operating Segments | MSR Related Investments | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income									530,225	703,387	713,413
Interest expense									246,294	232,063	233,587
Net Interest Income									283,931	471,324	479,826
Impairment									0	0	0
Servicing revenue, net									250,580	476,224	424,349
Gain on originated mortgage loans, held-for-sale, net									52,991	4,396	0
Other income (loss)									(144,231)	12,216	174,561
Operating expenses									344,430	222,099	186,330
Income (Loss) Before Income Taxes									98,841	742,061	892,406
Income tax (benefit) expense									23,744	(8,364)	166,186
Net Income (Loss)									75,097	750,425	726,220
Noncontrolling interests in income (loss) of consolidated subsidiaries									4,255	1,978	11,227
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									70,842	748,447	714,993
Investments	6,773,353				5,860,274				6,773,353	5,860,274
Cash and cash equivalents	318,714				160,244				318,714	160,244
Restricted cash	107,328				119,693				107,328	119,693
Other assets	3,420,122				3,382,348				3,420,122	3,382,348
Goodwill	5,092				0				5,092	0
Total assets	10,624,609				9,522,559				10,624,609	9,522,559
Debt	6,646,159				6,080,273				6,646,159	6,080,273
Other liabilities	451,629				515,156				451,629	515,156
Total liabilities	7,097,788				6,595,429				7,097,788	6,595,429
Total equity	3,526,821				2,927,130				3,526,821	2,927,130
Noncontrolling interests in equity of consolidated subsidiaries	45,025				52,066				45,025	52,066
Total New Residential stockholders’ equity	3,481,796				2,875,064				3,481,796	2,875,064
Investments in equity method investees	165,848				147,964				165,848	147,964
Operating Segments | Real Estate Securities | Residential Securities and Loans
Segment Reporting Information [Line Items]
Interest income									744,145	573,539	431,706
Interest expense									453,609	240,615	122,997
Net Interest Income									290,536	332,924	308,709
Impairment									25,174	30,017	10,334
Servicing revenue, net									0	0	0
Gain on originated mortgage loans, held-for-sale, net									0	0	0
Other income (loss)									20,929	(72,926)	(16,371)
Operating expenses									3,160	1,554	1,471
Income (Loss) Before Income Taxes									283,131	228,427	280,533
Income tax (benefit) expense									0	0	0
Net Income (Loss)									283,131	228,427	280,533
Noncontrolling interests in income (loss) of consolidated subsidiaries									0	0	0
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									283,131	228,427	280,533
Investments	19,477,728				11,636,581				19,477,728	11,636,581
Cash and cash equivalents	87,359				49				87,359	49
Restricted cash	0				0				0	0
Other assets	5,590,456				4,080,202				5,590,456	4,080,202
Goodwill	0				0				0	0
Total assets	25,155,543				15,716,832				25,155,543	15,716,832
Debt	22,151,110				11,615,364				22,151,110	11,615,364
Other liabilities	980,415				2,111,868				980,415	2,111,868
Total liabilities	23,131,525				13,727,232				23,131,525	13,727,232
Total equity	2,024,018				1,989,600				2,024,018	1,989,600
Noncontrolling interests in equity of consolidated subsidiaries	0				0				0	0
Total New Residential stockholders’ equity	2,024,018				1,989,600				2,024,018	1,989,600
Investments in equity method investees	0				0				0	0
Operating Segments | Residential Mortgage Loans | Residential Securities and Loans
Segment Reporting Information [Line Items]
Interest income									249,673	158,892	110,087
Interest expense									158,298	80,910	51,473
Net Interest Income									91,375	77,982	58,614
Impairment									(20,607)	12,061	12,593
Servicing revenue, net									0	0	0
Gain on originated mortgage loans, held-for-sale, net									75,543	8,757	0
Other income (loss)									75,385	7,699	16,175
Operating expenses									52,745	32,424	31,529
Income (Loss) Before Income Taxes									210,165	49,953	30,667
Income tax (benefit) expense									(28,461)	(65,279)	1,272
Net Income (Loss)									238,626	115,232	29,395
Noncontrolling interests in income (loss) of consolidated subsidiaries									0	0	0
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									238,626	115,232	29,395
Investments	5,843,983				4,102,649				5,843,983	4,102,649
Cash and cash equivalents	1,180				927				1,180	927
Restricted cash	0				0				0	0
Other assets	174,940				131,282				174,940	131,282
Goodwill	0				0				0	0
Total assets	6,020,103				4,234,858				6,020,103	4,234,858
Debt	4,676,849				3,342,636				4,676,849	3,342,636
Other liabilities	55,121				8,916				55,121	8,916
Total liabilities	4,731,970				3,351,552				4,731,970	3,351,552
Total equity	1,288,133				883,306				1,288,133	883,306
Noncontrolling interests in equity of consolidated subsidiaries	0				0				0	0
Total New Residential stockholders’ equity	1,288,133				883,306				1,288,133	883,306
Investments in equity method investees	0				0				0	0
Elimination
Segment Reporting Information [Line Items]
Interest income									0	0	0
Interest expense									0	0	0
Net Interest Income									0	0	0
Impairment									0	0	0
Servicing revenue, net									(48,579)	(10,185)	0
Gain on originated mortgage loans, held-for-sale, net									(51,360)	(17,168)	0
Other income (loss)									0	0	0
Operating expenses									(48,579)	(10,185)	0
Income (Loss) Before Income Taxes									(51,360)	(17,168)	0
Income tax (benefit) expense									(14,179)	0	0
Net Income (Loss)									(37,181)	(17,168)	0
Noncontrolling interests in income (loss) of consolidated subsidiaries									0	0	0
Dividends on Preferred Stock									0	0	0
Net income (loss) attributable to common stockholders									(37,181)	(17,168)	0
Investments	0				0				0	0
Cash and cash equivalents	0				0				0	0
Restricted cash	0				0				0	0
Other assets	0				0				0	0
Goodwill	0				0				0	0
Total assets	0				0				0	0
Debt	0				0				0	0
Other liabilities	0				0				0	0
Total liabilities	0				0				0	0
Total equity	0				0				0	0
Noncontrolling interests in equity of consolidated subsidiaries	0				0				0	0
Total New Residential stockholders’ equity	0				0				0	0
Investments in equity method investees	0				0				0	0
Corporate
Segment Reporting Information [Line Items]
Interest income									31	1,506	629
Interest expense									0	0	0
Net Interest Income									31	1,506	629
Impairment									0	0	0
Servicing revenue, net									0	0	0
Gain on originated mortgage loans, held-for-sale, net									0	0	0
Other income (loss)									1,618	(10,406)	5,346
Operating expenses									189,780	179,307	159,695
Income (Loss) Before Income Taxes									(188,131)	(188,207)	(153,720)
Income tax (benefit) expense									0	0	0
Net Income (Loss)									(188,131)	(188,207)	(153,720)
Noncontrolling interests in income (loss) of consolidated subsidiaries									0	0	0
Dividends on Preferred Stock									13,281	0	0
Net income (loss) attributable to common stockholders									(201,412)	(188,207)	$ (153,720)
Investments	0				0				0	0
Cash and cash equivalents	5,508				4,932				5,508	4,932
Restricted cash	0				0				0	0
Other assets	85,956				146,111				85,956	146,111
Goodwill	0				0				0	0
Total assets	91,464				151,043				91,464	151,043
Debt	0				0				0	0
Other liabilities	318,269				291,912				318,269	291,912
Total liabilities	318,269				291,912				318,269	291,912
Total equity	(226,805)				(140,869)				(226,805)	(140,869)
Noncontrolling interests in equity of consolidated subsidiaries	0				0				0	0
Total New Residential stockholders’ equity	(226,805)				(140,869)				(226,805)	(140,869)
Investments in equity method investees	$ 0				$ 0				$ 0	$ 0

INVESTMENTS IN EXCESS MORTGAG_3

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 4,528,604	$ 2,334,232
Purchases	(1,425,201)	(1,171,290)
Ending balance	5,686,233	4,528,604
Excess MSRs
Carrying Value of Investments in Excess MSRs
Beginning balance	447,860	1,173,713
Purchases	0	0
Interest income	32,647	44,440
Other income	3,851	46,861
Proceeds from repayments	(84,031)	(127,793)
Proceeds from sales	(10,075)	(19,084)
Change in fair value	(10,505)	(58,656)
Ocwen Transaction (Note 6)		(611,621)
Ending balance	379,747	447,860
Excess MSRs | Mr. Cooper
Carrying Value of Investments in Excess MSRs
Beginning balance	445,328	532,233
Purchases	0	0
Interest income	32,587	44,386
Other income	3,851	6,444
Proceeds from repayments	(83,612)	(100,215)
Proceeds from sales	(10,075)	(19,084)
Change in fair value	(10,387)	(18,436)
Ocwen Transaction (Note 6)		0
Ending balance	377,692	445,328
Excess MSRs | SLS
Carrying Value of Investments in Excess MSRs
Beginning balance	2,532	2,913
Purchases	0	0
Interest income	60	54
Other income	0	0
Proceeds from repayments	(419)	(632)
Proceeds from sales	0	0
Change in fair value	(118)	197
Ocwen Transaction (Note 6)		0
Ending balance	2,055	2,532
Excess MSRs | Ocwen
Carrying Value of Investments in Excess MSRs
Beginning balance	0	638,567
Purchases	0	0
Interest income	0	0
Other income	0	40,417
Proceeds from repayments	0	(26,946)
Proceeds from sales	0	0
Change in fair value	0	(40,417)
Ocwen Transaction (Note 6)		(611,621)
Ending balance	$ 0	$ 0

INVESTMENTS IN EXCESS MORTGAG_4

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Investments in Excess MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment [Line Items]
Weighted Average Life (Years)	24 days
Carrying Value	$ 5,686,233	$ 4,528,604	$ 2,334,232
Changes in fair value recorded in other income	(10,505)	(58,656)	$ 4,322
Corporate Joint Venture | Consumer loan bonds
Investment [Line Items]
UPB of Underlying Mortgages	31,442,267	40,096,998
Excess MSRs
Investment [Line Items]
UPB of Underlying Mortgages	$ 88,345,237	$ 106,426,363
Weighted Average Life (Years)	5 years 10 months 24 days	6 years 1 month 6 days
Amortized Cost Basis	$ 303,478	$ 361,327
Carrying Value	379,747	447,860
Excess MSRs | Agency
Investment [Line Items]
UPB of Underlying Mortgages	$ 43,310,917	$ 52,368,290
Weighted Average Life (Years)	5 years 6 months	5 years 7 months 6 days
Amortized Cost Basis	$ 178,603	$ 218,797
Carrying Value	$ 209,633	$ 257,387
Excess MSRs | Agency | Minimum
Investment [Line Items]
Interest in Excess MSR	32.50%	32.50%
Excess MSRs | Agency | Maximum
Investment [Line Items]
Interest in Excess MSR	66.70%	66.70%
Excess MSRs | Agency | Weighted Average
Investment [Line Items]
Interest in Excess MSR	53.30%	53.30%
Excess MSRs | Agency | Mr. Cooper | Minimum
Investment [Line Items]
Interest in Excess MSR	20.00%	20.00%
Excess MSRs | Agency | Mr. Cooper | Maximum
Investment [Line Items]
Interest in Excess MSR	35.00%	35.00%
Excess MSRs | Agency | Fortress-managed funds | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%	0.00%
Excess MSRs | Agency | Fortress-managed funds | Maximum
Investment [Line Items]
Interest in Excess MSR	40.00%	40.00%
Excess MSRs | Non-Agency
Investment [Line Items]
UPB of Underlying Mortgages	$ 45,034,320	$ 54,058,073
Weighted Average Life (Years)	6 years 6 months	5 years 9 months 18 days
Amortized Cost Basis	$ 124,875	$ 142,530
Carrying Value	$ 170,114	$ 190,473
Excess MSRs | Non-Agency | Minimum
Investment [Line Items]
Interest in Excess MSR	33.30%	33.30%
Excess MSRs | Non-Agency | Maximum
Investment [Line Items]
Interest in Excess MSR	100.00%	100.00%
Excess MSRs | Non-Agency | Weighted Average
Investment [Line Items]
Interest in Excess MSR	59.40%	59.40%
Excess MSRs | Non-Agency | Mr. Cooper | Minimum
Investment [Line Items]
Interest in Excess MSR	0.00%	0.00%
Excess MSRs | Non-Agency | Mr. Cooper | Maximum
Investment [Line Items]
Interest in Excess MSR	33.30%	33.30%
Excess MSRs | Non-Agency | Fortress-managed funds | Minimum
Investment [Line Items]
Interest in Excess MSR		0.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Maximum
Investment [Line Items]
Interest in Excess MSR		50.00%

INVESTMENTS IN EXCESS MORTGAG_5

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Narrative (Details) - MSRs	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investment [Line Items]
Discount rate	7.80%	8.70%
Excess MSRs Investees
Investment [Line Items]
Discount rate	7.80%	8.80%

INVESTMENTS IN EXCESS MORTGAG_6

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of MSRs [Line Items]
New Residential’s investment	$ 0	$ 38,294
Excess MSRs Investees
Schedule of MSRs [Line Items]
Excess MSR assets	226,843	269,203
Other assets	25,035	27,411
Other liabilities	(687)	(687)
Equity	251,191	295,927
New Residential’s investment	$ 125,596	$ 147,964
New Residential’s ownership	50.00%	50.00%
Interest income	$ 23,872	$ 26,363	$ 27,450
Other income (loss)	(10,208)	(9,649)	(2,149)
Expenses	(64)	0	(68)
Net income	$ 13,600	$ 16,714	$ 25,233

INVESTMENTS IN EXCESS MORTGAG_7

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Change in Equity Method Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Mortgage Servicing Rights [Roll Forward]
Balance at beginning of period	$ 38,294
Distributions of earnings from equity method investees	(8,999)	$ (11,059)	$ (13,668)
Distributions of capital from equity method investees	(92,748)	(300,056)	(393,722)
Balance at end of period	0	38,294
Recurring Basis
Mortgage Servicing Rights [Roll Forward]
Balance at beginning of period	147,964	171,765
Contributions to equity method investees	0	0
Distributions of earnings from equity method investees	(8,999)	(11,059)
Distributions of capital from equity method investees	(20,169)	(21,099)
Change in fair value of investments in equity method investees	6,800	8,357
Balance at end of period	$ 125,596	$ 147,964	$ 171,765

INVESTMENTS IN EXCESS MORTGAG_8

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of MSRs [Line Items]
Carrying Value	$ 5,686,233	$ 4,528,604	$ 2,334,232
Weighted Average Life (Years)	24 days
Excess MSRs Investees
Schedule of MSRs [Line Items]
New Residential Interest in Investees	50.00%	50.00%
Excess MSRs Investees | Agency
Schedule of MSRs [Line Items]
New Residential Interest in Investees	50.00%
Excess MSRs Investees | Agency | Original and Recaptured Pools
Schedule of MSRs [Line Items]
Unpaid Principal Balance	$ 33,592,554	$ 41,707,963
Investee Interest in Excess MSR	66.70%	66.70%
New Residential Interest in Investees	50.00%	50.00%
Amortized Cost Basis	$ 168,807	$ 198,261
Carrying Value	$ 226,843	$ 269,203
Weighted Average Life (Years)	5 years 4 months 24 days	5 years 6 months

INVESTMENTS IN MORTGAGE SERVI_3

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	Jan. 18, 2018	Dec. 31, 2019	Aug. 06, 2019	May 21, 2019	Apr. 02, 2019	Feb. 28, 2019	Jan. 01, 2018	Jul. 23, 2017
Schedule of MSRs [Line Items]
Subservicer percent of UPB		28.60%
Mortgage Loans Subserviced
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages		$ 71,200
Subservicing revenue		$ 137.4
PHH Mortgage Corporation
Schedule of MSRs [Line Items]
Subservicer percent of UPB		23.50%
Mr. Cooper
Schedule of MSRs [Line Items]
Subservicer percent of UPB		19.90%
Mr. Cooper | MSRs
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages						$ 9,500
LoanCare
Schedule of MSRs [Line Items]
Subservicer percent of UPB		17.90%
Ditech Financial LLC
Schedule of MSRs [Line Items]
Subservicer percent of UPB		9.10%
Flagstar
Schedule of MSRs [Line Items]
Subservicer percent of UPB		1.00%
Ocwen
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages							$ 86,800	$ 110,000
Payments to acquire finance receivables	$ 279.6
Ocwen | New Residential Mortgage LLC | MSRs
Schedule of MSRs [Line Items]
Unpaid Principal Balance of underlying loans transferred		$ 66,700
United Shore | MSRs
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages				$ 23,700	$ 8,200
Quicken | MSRs
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages			$ 29,100

INVESTMENTS IN MORTGAGE SERVI_4

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Rollforward of Carrying Value of Investments In MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Mortgage Servicing Rights [Roll Forward]
Beginning balance	$ 4,528,604	$ 2,334,232
Purchases	1,425,201	1,171,290
Transfer in (out)	0	0
New Ocwen Agreements		1,017,993
Other transfers	(410)
Originations	374,450	35,311
Prepayments	(93,875)
Proceeds from sales	(24,528)	(13,248)
Amortization of servicing rights	(740,843)	(455,771)
Change in valuation inputs and assumptions	(166,436)	291,185
(Gain)/loss on sales	(3,100)	(3,700)
Ending balance	5,686,233	4,528,604	$ 2,334,232
Shellpoint Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition		151,312
Ditech Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition	387,170
MSRs
Mortgage Servicing Rights [Roll Forward]
Beginning balance	2,884,100	1,735,504
Purchases	690,049	1,042,933
Transfer in (out)	367,121	124,652
New Ocwen Agreements		0
Other transfers	(410)
Originations	374,450	35,311
Prepayments	(11,625)
Proceeds from sales	(1,539)	(5,776)	0
Amortization of servicing rights	(537,111)	(258,068)
Change in valuation inputs and assumptions	(187,530)	61,149
(Gain)/loss on sales	3,285	(2,917)
Ending balance	3,967,960	2,884,100	1,735,504
MSRs | Shellpoint Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition		151,312
MSRs | Ditech Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition	387,170
Mortgage Servicing Rights Financing Receivable
Mortgage Servicing Rights [Roll Forward]
Beginning balance	4,528,604
Ending balance	5,686,233	4,528,604
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable
Mortgage Servicing Rights [Roll Forward]
Beginning balance	1,644,504	598,728
Purchases	735,152	128,357
Transfer in (out)	(367,121)	(124,652)
New Ocwen Agreements		1,017,993
Other transfers	0
Originations	0	0
Prepayments	(82,250)
Proceeds from sales	(22,989)	(7,472)
Amortization of servicing rights	(203,732)	(197,703)
Change in valuation inputs and assumptions	21,094	230,036	109,584
(Gain)/loss on sales	(6,385)	(783)	0
Ending balance	1,718,273	1,644,504	$ 598,728
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable | Shellpoint Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition		0
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable | Ditech Acquisition
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition	$ 0
New Penn | MSRs
Mortgage Servicing Rights [Roll Forward]
Ditech Acquisition		$ 48,300

INVESTMENTS IN MORTGAGE SERVI_5

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Less: subservicing expense									$ (227,482)	$ (176,784)	$ (166,081)
Change in valuation inputs and assumptions									(166,436)	291,185
(Gain)/loss on sales									(3,100)	(3,700)
Servicing revenue, net	$ 251,793	$ 53,050	$ (85,537)	$ 165,853	$ (10,189)	$ 175,355	$ 146,193	$ 217,236	385,159	528,595	424,349
Change in fair value of investments in mortgage servicing rights financing receivables									(189,023)	31,550	66,394
MSRs
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Servicing fee revenue									899,623	589,546	412,971
Ancillary and other fees									198,486	130,294	79,050
Interest income, investments in MSR financing receivables									1,098,109	719,840	492,021
Amortization of servicing rights									530,031	256,915	223,167
Change in valuation inputs and assumptions									(187,530)	61,149
Change in valuation inputs and assumptions									186,204	(68,587)	(155,495)
(Gain)/loss on sales									3,285	(2,917)	0
(Gain)/loss on sales									3,285	(2,917)
Servicing revenue, net									385,159	528,595	424,349
Excess Spread Financing
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Amortization of servicing rights									7,100	1,200	0
Change in valuation inputs and assumptions									(1,300)	(7,400)	0
Mortgage Servicing Rights Financing Receivable | New Residential Mortgage LLC
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Servicing fee revenue									513,172	705,812	94,945
Ancillary and other fees									119,570	146,829	17,313
Less: subservicing expense									(196,726)	(251,184)	(33,686)
Interest income, investments in MSR financing receivables									436,016	601,457	78,572
Amortization of servicing rights									203,732	197,703	43,190
Change in valuation inputs and assumptions									21,094	230,036	109,584
(Gain)/loss on sales									(6,385)	(783)	0
Change in fair value of investments in mortgage servicing rights financing receivables									$ (189,023)	$ 31,550	$ 66,394

INVESTMENTS IN MORTGAGE SERVI_6

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Mortgage Servicing Rights [Line Items]
Weighted Average Life (Years)	24 days
Carrying Value	$ 5,686,233	$ 4,528,604	$ 2,334,232
Residential mortgage loans subject to repurchase	172,336	121,602	0
MSRs
Schedule of Mortgage Servicing Rights [Line Items]
Carrying Value	$ 3,967,960	$ 2,884,100	$ 1,735,504
Discount rate	7.80%	8.70%
Mortgage Servicing Rights Financing Receivable
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 504,834,931	$ 388,979,268
Weighted Average Life (Years)	5 years 4 months 24 days	6 years 7 months 6 days
Amortized Cost Basis	$ 5,197,597	$ 3,870,432
Carrying Value	$ 5,686,233	$ 4,528,604
Discount rate	8.90%	10.30%
Agency | MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 315,427,933	$ 226,295,778
Weighted Average Life (Years)	5 years 1 month 6 days	6 years 4 months 24 days
Amortized Cost Basis	$ 3,179,556	$ 2,189,039
Carrying Value	3,319,035	2,506,676
Agency | Mortgage Servicing Rights Financing Receivable
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 54,866,978	$ 42,265,547
Weighted Average Life (Years)	4 years 8 months 12 days	5 years 10 months 24 days
Amortized Cost Basis	$ 582,600	$ 366,946
Carrying Value	547,351	434,110
Non-Agency | MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 6,402,833	$ 2,143,212
Weighted Average Life (Years)	5 years 4 months 24 days	6 years 7 months 6 days
Amortized Cost Basis	$ 12,437	$ 19,982
Carrying Value	20,283	22,438
Non-Agency | Mortgage Servicing Rights Financing Receivable
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 76,117,892	$ 88,251,018
Weighted Average Life (Years)	7 years 7 months 6 days	7 years 2 months 12 days
Amortized Cost Basis	$ 808,149	$ 936,792
Carrying Value	1,170,922	1,210,394
Ginnie Mae | MSRs
Schedule of Mortgage Servicing Rights [Line Items]
UPB of Underlying Mortgages	$ 52,019,295	$ 30,023,713
Weighted Average Life (Years)	4 years 7 months 6 days	7 years 4 months 24 days
Amortized Cost Basis	$ 614,855	$ 357,673
Carrying Value	$ 628,642	$ 354,986

INVESTMENTS IN MORTGAGE SERVI_7

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the MSRs (Details) - MSRs - Mortgage Loans	Dec. 31, 2019	Dec. 31, 2018
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	21.90%	21.70%
Florida
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.90%	6.90%
New York
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.40%	7.80%
Texas
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.50%	5.30%
New Jersey
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.90%	5.00%
Illinois
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	3.70%
Massachusetts
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.40%	3.50%
Washington
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	2.30%
Georgia
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.10%	3.00%
Maryland
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.00%	3.40%
Other U.S.
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	38.00%	37.40%

INVESTMENTS IN MORTGAGE SERVI_8

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Total	[1]	$ 581,777	$ 735,846
Servicer Advances Receivable
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Principal and interest advances		660,807	793,790
Escrow advances (taxes and insurance advances)		2,427,384	2,186,831
Foreclosure advances		163,054	199,203
Total		3,251,245	3,179,824
Servicer advances receivable related to Agency MSRs		562,200	231,200
Servicer advances receivable related to Ginnie Mae MSRs		166,500	41,600
Unamortized discount and accrual		$ 50,100	$ 98,000
[1]	See Note 14 regarding consolidated VIEs.

SERVICER ADVANCE INVESTMENTS -

SERVICER ADVANCE INVESTMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2016	Dec. 31, 2014
Advance Purchaser LLC
Investment [Line Items]
Capital distributed to third-party co-investors			$ 327.8
Capital distributed to New Residential			$ 305.2
Mr. Cooper
Investment [Line Items]
Servicer basic fee, percent			9.20%
Performance fee, percent (up to)			100.00%
SLS
Investment [Line Items]
Servicing asset fee, basis points					0.1075%
SLS | Excess MSRs
Investment [Line Items]
Percentage of Excess MSRs acquired					50.00%
Ocwen Loan Servicing LLC
Investment [Line Items]
Servicing asset fee, basis points		0.061%		0.059%
Servicing asset fee, percent		12.00%
Ocwen Loan Servicing LLC | LIBOR
Investment [Line Items]
Variable interest rate spread	2.75%
Corporate Joint Venture
Investment [Line Items]
New Residential’s ownership			73.20%
Funded capital commitments			$ 312.7
Corporate Joint Venture | Noncontrolling Third-party Investors
Investment [Line Items]
Funded capital commitments			$ 389.6
Fortress-managed funds | Excess MSRs
Investment [Line Items]
Percentage of additional Excess MSRs acquired					50.00%

SERVICER ADVANCE INVESTMENTS _2

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances (Details) - Corporate Joint Venture - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	$ 557,444	$ 721,801
Carrying Value	$ 581,777	$ 735,846
Weighted Average Discount Rate	5.30%	5.90%
Weighted Average Yield	5.70%	5.80%
Weighted Average Life (Years)	6 years 3 months 18 days	5 years 8 months 12 days
Change in Fair Value Recorded in Other Income for Year then Ended	$ 10,288	$ (89,332)

SERVICER ADVANCE INVESTMENTS _3

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	[1]	$ 581,777	$ 735,846
Face Amount of Notes and Bonds Payable		35,650,844
Corporate Joint Venture
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances		462,843	620,050
Corporate Joint Venture | Servicer Advance Investments
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages		31,442,267	40,096,998
Outstanding Servicer Advances		$ 462,843	$ 620,050
Servicer Advances to UPB of Underlying Residential Mortgage Loans		1.50%	1.50%
Face Amount of Notes and Bonds Payable		$ 443,248	$ 574,117
Gross Loan-to-Value		88.30%	88.30%
Net Loan-to-Value		87.20%	87.20%
Gross Cost of Funds		3.40%	3.70%
Net Cost of Funds		2.80%	3.10%
[1]	See Note 14 regarding consolidated VIEs.

SERVICER ADVANCE INVESTMENTS _4

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Investment [Line Items]
Total	[1]	$ 581,777	$ 735,846
Corporate Joint Venture
Investment [Line Items]
Principal and interest advances		71,574	108,317
Escrow advances (taxes and insurance advances)		180,047	238,349
Foreclosure advances		211,222	273,384
Total		$ 462,843	$ 620,050
[1]	See Note 14 regarding consolidated VIEs.

SERVICER ADVANCE INVESTMENTS _5

SERVICER ADVANCE INVESTMENTS - Schedule of Interest Income Related to Investments in Servicer Advances (Details) - Servicer Advance Investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment [Line Items]
Interest income, gross of amounts attributable to servicer compensation	$ 51,940	$ 83,807	$ 871,506
Amounts attributable to base servicer compensation	(6,209)	(8,491)	(227,585)
Amounts attributable to incentive servicer compensation	(18,065)	(25,098)	(115,565)
Interest income from Servicer Advance Investments	$ 27,666	$ 50,218	$ 528,356

INVESTMENTS IN REAL ESTATE AN_3

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Schedule of Investment in Real Estate Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Treasury
Purchases
Face	$ 0	$ 0
Purchase Price	0	0
Sales
Face	0	862
Amortized Cost	0	858
Sale Price	0	849.8
Gain (Loss) on Sale	0	(8.2)
Agency
Purchases
Face	33,573.5	11,006.7
Purchase Price	34,335.5	11,121.6
Sales
Face	22,746.3	9,485
Amortized Cost	23,337.8	9,590.6
Sale Price	23,449.2	9,569.2
Gain (Loss) on Sale	111.4	(21.4)
Non-Agency
Purchases
Face	14,960.4	9,194.8
Purchase Price	2,059	3,854.4
Sales
Face	2,936.2	115
Amortized Cost	1,852.1	87.7
Sale Price	1,949.3	86.4
Gain (Loss) on Sale	$ 97.2	$ (1.3)

INVESTMENTS IN REAL ESTATE AN_4

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Other-than-temporary impairment (OTTI) on securities	$ 3,232	$ 5,567	$ 8,859	$ 7,516	$ 6,827	$ 3,889	$ 12,631	$ 6,670	$ 25,174	$ 30,017	$ 10,334
Real estate securities acquired during the period with credit quality deterioration, face amount									1,045,400	1,723,600
Real estate securities acquired with credit quality deterioration, expected cash flows									1,020,200	1,546,600
Real estate securities acquired with credit quality deterioration, fair value									612,300	$ 1,148,700
Agency
Debt Securities, Available-for-sale [Line Items]
Face amount of securities sold	5,100,000								5,100,000
Face amount of securities purchased, unsettled	900,000								900,000
Sale price of securities sold	5,200,000								5,200,000
Purchase of real estate securities, unsettled	$ 900,000								$ 900,000

INVESTMENTS IN REAL ESTATE AN_5

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)securitybond	Dec. 31, 2018USD ($)security
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 36,159,591	$ 22,152,845
Amortized Cost Basis	18,782,175	11,212,428
Carrying Value	$ 19,477,728	11,636,581
Weighted Average Life (Years)	24 days
Investments	$ 34,337,137	23,318,701
Bonds
Debt Securities, Available-for-sale [Line Items]
Carrying Value	$ 1,129,300
Number of bonds which New Residential was unable to obtain rating information | bond	340
Residual Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	$ 41,000
Non-Agency Bonds
Debt Securities, Available-for-sale [Line Items]
Investments	3,400
Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	11,301,603	2,613,395
Amortized Cost Basis	11,474,338	2,657,917
Gross Unrealized Gains	57,221	7,744
Gross Unrealized Losses	(11,616)	(43)
Carrying Value	$ 11,519,943	$ 2,665,618
Number of Securities	43	31
Weighted Average Rating	AAA	AAA
Weighted Average Coupon	3.17%	4.01%
Weighted Average Yield	2.78%	3.70%
Weighted Average Life (Years)	6 years	8 years 1 month 6 days
Agency | Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 11,300,000	$ 2,600,000
Agency | Floating Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	0	0
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	24,857,988	19,539,450
Amortized Cost Basis	7,307,837	8,554,511
Gross Unrealized Gains	689,158	517,861
Gross Unrealized Losses	(39,210)	(101,409)
Carrying Value	$ 7,957,785	$ 8,970,963
Number of Securities	997	897
Weighted Average Rating	B+	B+
Weighted Average Coupon	2.90%	3.40%
Weighted Average Yield	4.70%	5.63%
Weighted Average Life (Years)	7 years	6 years 10 months 24 days
Weighted Average Principal Subordination	11.00%	12.40%
Non-Agency | Fixed Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 5,400,000	$ 3,800,000
Residual and interest - only notional amount	3,200,000	1,500,000
Non-Agency | Floating Rate Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	19,500,000	15,700,000
Residual and interest - only notional amount	12,200,000	7,400,000
Total/Weighted Average
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	36,159,591	22,152,845
Amortized Cost Basis	18,782,175	11,212,428
Gross Unrealized Gains	746,379	525,605
Gross Unrealized Losses	(50,826)	(101,452)
Carrying Value	$ 19,477,728	$ 11,636,581
Number of Securities | security	1,040	928
Weighted Average Rating	A+	BB+
Weighted Average Coupon	3.03%	3.53%
Weighted Average Yield	3.53%	5.17%
Weighted Average Life (Years)	6 years 4 months 24 days	7 years 2 months 12 days
Corporate bond
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 85,000	$ 85,000
Amortized Cost Basis	85,000	85,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,262)	(12,325)
Carrying Value	$ 83,738	$ 72,675
Number of Securities | security	1	1
Weighted Average Rating	B-	B-
Weighted Average Coupon	8.25%	8.25%
Weighted Average Yield	8.25%	8.25%
Weighted Average Life (Years)	5 years 3 months 18 days	6 years 3 months 18 days
Consumer loan bonds
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 25,029	$ 56,846
Amortized Cost Basis	25,688	57,480
Gross Unrealized Gains	521	33
Gross Unrealized Losses	(6,190)	(7,075)
Carrying Value	$ 20,019	$ 50,438
Number of Securities | security	6	6
Weighted Average Rating		B
Weighted Average Coupon		5.50%
Weighted Average Yield		20.26%
Weighted Average Life (Years)	1 year 7 months 6 days	1 year 7 months 6 days
MSR bond
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 0	$ 228,000
Amortized Cost Basis	0	228,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(400)
Carrying Value	$ 0	$ 227,600
Number of Securities | security	0	2
Weighted Average Rating		BBB-
Weighted Average Coupon	0.00%	5.24%
Weighted Average Yield	0.00%	4.89%
Weighted Average Life (Years)		8 years 9 months 18 days
Interest-only Securities
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 11,201,646	$ 6,832,353
Amortized Cost Basis	308,714	259,725
Gross Unrealized Gains	35,882	23,694
Gross Unrealized Losses	(19,459)	(13,025)
Carrying Value	$ 325,137	$ 270,394
Number of Securities | security	124	79
Weighted Average Rating	AA+	AA+
Weighted Average Coupon	1.37%	1.38%
Weighted Average Yield	10.49%	6.58%
Weighted Average Life (Years)	2 years 10 months 24 days	3 years
Servicing Strips
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 4,073,792	$ 975,048
Amortized Cost Basis	40,043	8,588
Gross Unrealized Gains	2,431	1,720
Gross Unrealized Losses	(4,562)	(198)
Carrying Value	$ 37,912	$ 10,110
Number of Securities | security	46	31
Weighted Average Coupon	0.38%	0.21%
Weighted Average Yield	4.01%	13.23%
Weighted Average Life (Years)	5 years 8 months 12 days	6 years

INVESTMENTS IN REAL ESTATE AN_6

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)securitybond	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 36,159,591	$ 22,152,845
Other Than Temporary Impairment - Amortized Cost Basis	(59,063)	(52,803)	$ (23,821)
Amortized Cost Basis	$ 18,782,175	$ 11,212,428
Weighted Average Life (Years)	24 days
Less than 12 Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 10,805,953
Before Impairment - Amortized Cost Basis	4,798,637
Other Than Temporary Impairment - Amortized Cost Basis	(1,208)
Amortized Cost Basis	4,797,429
Gross Unrealized Losses - Less than Twelve Months	(32,342)
Carrying Value - Less than Twelve Months	$ 4,765,087
Number of Securities - Less than Twelve Months | security	124
Weighted Average Rating	AA+
Weighted Average Coupon	3.02%
Weighted Average Yield	2.86%
Weighted Average Life (Years)	6 years 9 months 18 days
Number of bonds which New Residential was unable to obtain rating information | bond	51
12 or More Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,704,469
Before Impairment - Amortized Cost Basis	210,058
Other Than Temporary Impairment - Amortized Cost Basis	(2,024)
Amortized Cost Basis	208,034
Gross Unrealized Losses - Twelve or More Months	(18,484)
Carrying Value - Twelve or More Months	$ 189,550
Number of Securities - Twelve or More Months | security	64
Weighted Average Rating	BB+
Weighted Average Coupon	4.20%
Weighted Average Yield	6.50%
Weighted Average Life (Years)	4 years 8 months 12 days
Number of bonds which New Residential was unable to obtain rating information | bond	15
Total/Weighted Average
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 12,510,422
Before Impairment - Amortized Cost Basis	5,008,695
Other Than Temporary Impairment - Amortized Cost Basis	(3,232)
Amortized Cost Basis	5,005,463
Gross Unrealized Losses - Total/Weighted Average	(50,826)
Carrying Value - Total/Weighted Average	$ 4,954,637
Number of Securities - Total/Weighted Average | security	188
Weighted Average Rating	AA
Weighted Average Coupon	3.07%
Weighted Average Yield	3.01%
Weighted Average Life (Years)	6 years 9 months 18 days

INVESTMENTS IN REAL ESTATE AN_7

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details) $ in Thousands	Dec. 31, 2019USD ($)
Securities New Residential intends to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 0
Amortized Cost Basis After Impairment	0
Unrealized Credit Losses	0
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	228,228
Amortized Cost Basis After Impairment	237,626
Unrealized Credit Losses	(3,232)
Unrealized Non-Credit Losses	(9,398)
Non-credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	4,726,409
Amortized Cost Basis After Impairment	4,767,837
Unrealized Credit Losses	0
Unrealized Non-Credit Losses	(41,428)
Total debt securities in an unrealized loss position
Debt Securities, Available-for-sale [Line Items]
Fair Value	4,954,637
Amortized Cost Basis After Impairment	5,005,463
Unrealized Credit Losses	(3,232)
Unrealized Non-Credit Losses	$ (50,826)

INVESTMENTS IN REAL ESTATE AN_8

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
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	$ 52,803	$ 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	23,059	16,924
Additions for credit losses on securities for which an OTTI was not previously recognized	2,115	13,093
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	0
Reduction for credit losses on securities for which no OTTI was recognized in other comprehensive income at the current measurement date	0	0
Reduction for securities sold/paid off during the period	(18,914)	(1,035)
Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$ 59,063	$ 52,803

INVESTMENTS IN REAL ESTATE AN_9

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 24,747,959	$ 19,397,604
Percentage of Total Outstanding	100.00%	100.00%
Non-Agency | Western U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 9,048,847	$ 7,318,616
Percentage of Total Outstanding	36.60%	37.70%
Non-Agency | Southeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 5,983,966	$ 4,613,314
Percentage of Total Outstanding	24.20%	23.80%
Non-Agency | Northeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 5,416,137	$ 3,829,725
Percentage of Total Outstanding	21.90%	19.70%
Non-Agency | Midwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 2,562,269	$ 2,063,263
Percentage of Total Outstanding	10.40%	10.60%
Non-Agency | Southwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,440,467	$ 1,321,853
Percentage of Total Outstanding	5.80%	6.80%
Non-Agency | Other U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 296,273	$ 250,833
Percentage of Total Outstanding	1.10%	1.40%
Consumer loan bonds | Bonds
Debt Securities, Available-for-sale [Line Items]
Face Amount	$ 25,000	$ 56,800
Corporate bond | Bonds
Debt Securities, Available-for-sale [Line Items]
Face Amount	$ 85,000	$ 85,000

INVESTMENTS IN REAL ESTATE A_10

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Outstanding Face Amount	$ 5,701,736	$ 6,385,306
Carrying Value	$ 3,830,369	$ 4,217,242

INVESTMENTS IN REAL ESTATE A_11

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Changes in Accretable Yield for Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Certain Loans Acquired in Transfer Accounted for as Available-for-sale Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning Balance	$ 2,245,983	$ 2,000,266
Additions	407,864	397,934
Accretion	(239,682)	(290,014)
Reclassifications from (to) non-accretable difference	(233,683)	156,070
Disposals	(298,006)	(18,273)
Ending Balance	$ 1,882,476	$ 2,245,983

INVESTMENTS IN RESIDENTIAL MO_3

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	24 days
Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 858,703	$ 636,874
Carrying Value	$ 859,428	$ 591,264
Loan Count | loan	13,627	8,424
Weighted Average Yield	6.90%	8.00%
Weighted Average Life (Years)	5 years 3 months 18 days	4 years 9 months 18 days
Floating Rate Loans as a % of Face Amount	8.80%	20.30%
LTV Ratio	76.10%	77.70%
Weighted average delinquency	15.80%	8.90%
Weighted Average FICO	646	649
Performing Loans | Ginnie Mae EBO
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB of Underlying Mortgages	$ 36,000	$ 24,300
Purchased Credit Deteriorated Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	96,420	191,497
Carrying Value	$ 66,278	$ 144,065
Loan Count | loan	945	1,556
Weighted Average Yield	8.50%	7.60%
Weighted Average Life (Years)	3 years 2 months 12 days	3 years 1 month 6 days
Floating Rate Loans as a % of Face Amount	21.80%	16.40%
LTV Ratio	91.10%	84.60%
Weighted average delinquency	60.00%	71.50%
Weighted Average FICO	588	596
Total 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	$ 955,123	$ 828,371
Carrying Value	$ 925,706	$ 735,329
Loan Count | loan	14,572	9,980
Weighted Average Yield	7.10%	7.90%
Weighted Average Life (Years)	5 years 1 month 6 days	4 years 4 months 24 days
Floating Rate Loans as a % of Face Amount	10.10%	19.40%
LTV Ratio	77.60%	79.30%
Weighted average delinquency	20.20%	23.30%
Weighted Average FICO	641	637
Reverse Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 11,628	$ 13,807
Carrying Value	$ 5,844	$ 6,557
Loan Count | loan	28	37
Weighted Average Yield	7.90%	8.10%
Weighted Average Life (Years)	4 years 7 months 6 days	4 years 9 months 18 days
Floating Rate Loans as a % of Face Amount	5.70%	10.60%
LTV Ratio	149.90%	142.50%
Weighted average delinquency	69.50%	67.80%
Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 839,141	$ 408,724
Carrying Value	$ 857,821	$ 413,883
Loan Count | loan	12,808	7,144
Weighted Average Yield	4.50%	4.40%
Weighted Average Life (Years)	4 years	3 years 10 months 24 days
Floating Rate Loans as a % of Face Amount	62.70%	56.60%
LTV Ratio	50.10%	61.30%
Weighted average delinquency	7.80%	9.00%
Weighted Average FICO	688	670
Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 680,736	$ 621,700
Carrying Value	$ 565,387	$ 512,040
Loan Count | loan	5,032	5,029
Weighted Average Yield	5.20%	5.50%
Weighted Average Life (Years)	3 years 1 month 6 days	3 years
Floating Rate Loans as a % of Face Amount	11.80%	14.90%
LTV Ratio	73.80%	88.10%
Weighted average delinquency	77.30%	72.60%
Weighted Average FICO	587	588
Total 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	$ 1,531,505	$ 1,044,231
Carrying Value	$ 1,429,052	$ 932,480
Loan Count | loan	17,868	12,210
Weighted Average Yield	4.90%	5.10%
Weighted Average Life (Years)	3 years 7 months 6 days	3 years 4 months 24 days
Floating Rate Loans as a % of Face Amount	39.70%	31.20%
LTV Ratio	61.40%	78.30%
Weighted average delinquency	39.20%	47.60%
Weighted Average FICO	643	621
Acquired Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 3,132,007	$ 2,295,340
Carrying Value	$ 3,024,288	$ 2,153,269
Loan Count | loan	19,204	12,873
Weighted Average Yield	4.00%	4.50%
Weighted Average Life (Years)	7 years	8 years
Floating Rate Loans as a % of Face Amount	3.30%	7.70%
LTV Ratio	62.20%	75.70%
Weighted average delinquency	23.10%	14.00%
Weighted Average FICO	626	626
Originated Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 1,543,799	$ 638,173
Carrying Value	$ 1,589,324	$ 655,260
Loan Count | loan	5,806	2,307
Weighted Average Yield	3.80%	5.20%
Weighted Average Life (Years)	28 years 7 months 6 days	28 years 6 months
Floating Rate Loans as a % of Face Amount	3.50%	96.30%
LTV Ratio	79.00%	80.00%
Weighted average delinquency	8.20%	3.80%
Weighted Average FICO	674	714
Total Residential Mortgage Loans, held-for-sale, at fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 4,675,806	$ 2,933,513
Carrying Value	$ 4,613,612	$ 2,808,529
Loan Count | loan	25,010	15,180
Weighted Average Yield	4.00%	4.60%
Weighted Average Life (Years)	14 years 1 month 6 days	12 years 6 months
Floating Rate Loans as a % of Face Amount	3.40%	27.00%
LTV Ratio	67.80%	76.60%
Weighted average delinquency	18.20%	11.80%
Weighted Average FICO	642	645
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	$ 600	$ 500
Percentage of loans that have reached a termination event	45.60%	54.90%
Non-Performing Loans | Ginnie Mae EBO
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB of Underlying Mortgages	$ 26,900	$ 51,900
Non Agency Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB of Underlying Mortgages	107,700
MDST Trusts
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
UPB of Underlying Mortgages	$ 345,100
Mr. Cooper | Reverse Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	30.00%

INVESTMENTS IN RESIDENTIAL MO_4

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)trust
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Threshold period past due (in days)	60 days
Government Guaranteed Mortgage Loans upon Foreclosure Receivable
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Claims receivable	$ 19.1
Residential Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	$ 433.1
Residential Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of trusts called | trust	140
Loans Sold | Residential Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Investment income, interest	$ 54.4
Gain (loss) on sale	$ 156.2

INVESTMENTS IN RESIDENTIAL MO_5

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - Residential Mortgage Loans	Dec. 31, 2019	Dec. 31, 2018
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	16.10%	16.70%
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	9.00%	11.70%
Florida
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8.40%	8.80%
Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	7.10%	4.70%
Georgia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.80%	2.70%
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	4.20%	5.30%
Illinois
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	4.00%
Maryland
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.60%
Massachusetts
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.10%
Pennsylvania
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.90%	3.10%
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	37.30%	36.30%

INVESTMENTS IN RESIDENTIAL MO_6

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Performing Loans Past Due (Details) - Residential Portfolio Segment - Performing Loans	Dec. 31, 2019
Investment [Line Items]
Delinquency Status	100.00%
Current
Investment [Line Items]
Delinquency Status	86.50%
30-59
Investment [Line Items]
Delinquency Status	7.00%
60-89
Investment [Line Items]
Delinquency Status	2.70%
90-119
Investment [Line Items]
Delinquency Status	0.70%
120
Investment [Line Items]
Delinquency Status	3.10%

INVESTMENTS IN RESIDENTIAL MO_7

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Carrying Value of Mortgage Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Accretion of loan discount and other amortization	$ 379,129	$ 701,967	$ 1,031,384
Transfer of loans to real estate owned	(86,167)	(107,577)
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	591,253	507,615
Acquisition	381,039	125,350
Purchases/additional fundings	0	55,993
Proceeds from repayments	(102,340)	(106,236)
Accretion of loan discount and other amortization	12,661	15,773
Provision for loan losses	(595)	(1,028)
Transfer of loans to other assets	0	0
Transfer of loans to real estate owned	(6,223)	(5,131)
Transfer of loans to held-for-sale	(20,505)	(1,555)
Fair value adjustment	4,138	472
Balance, ending	859,428	591,253	507,615
PCD Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	144,065	183,540
Purchases/additional fundings	0	29,785
Sales	0	0
Proceeds from repayments	(16,855)	(38,276)
Accretion of loan discount and other amortization	16,041	24,124
(Allowance) reversal for loan losses	(2,332)	0
Transfer of loans to real estate owned	(14,487)	(28,060)
Transfer of loans to held-for-sale	(60,154)	(27,048)
Balance, ending	$ 66,278	$ 144,065	$ 183,540

INVESTMENTS IN RESIDENTIAL MO_8

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans (Details) - Residential Portfolio Segment - Performing Loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	$ 196
Provision for loan losses	595	1,028
Charge-offs	(595)	(1,224)
Ending balance	$ 0	$ 0

INVESTMENTS IN RESIDENTIAL MO_9

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Changes in Accretable Yield (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 68,632	$ 88,631
Additions	0	15,644
Accretion	(16,041)	(24,124)
Reclassifications from non-accretable difference	9,361	5,493
Disposals	(11,515)	(7,257)
Transfer to held-for-sale	(13,415)	(9,755)
Ending balance	$ 37,022	$ 68,632

INVESTMENTS IN RESIDENTIAL M_10

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Activities Related to the Carrying Value of Loans Held-for-sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans Held-for-sale, Reconciliation [Roll Forward]
Transfers of loans from held-for-investment	$ 9,136	$ 23,080	$ 23,080
Transfer of loans to real estate owned	(86,167)	(107,577)
Loans Held-for-sale
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	932,480	1,725,534
Purchases	1,124,099	3,653,608
Ditech Acquisition	9,136
Transfers of loans from held-for-investment	80,659	28,603
Sales	(495,925)	(4,205,375)
Transfer of loans to other assets	(10,154)	(9,811)
Transfer of loans to real estate owned	(49,459)	(54,114)
Proceeds from repayments	(184,683)	(195,797)
Valuation (provision) reversal on loans	22,899	(10,168)
Ending balance, loans held-for-sale	1,429,052	932,480	$ 1,725,534
Provision for loans held-for-sale	$ 5,200	$ 59,200

INVESTMENTS IN RESIDENTIAL M_11

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Loans Held-For-Sale, at Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans Held-for-sale, Reconciliation [Roll Forward]
Accretion of loan discount and other amortization	$ 379,129	$ 701,967	$ 1,031,384
Fair value adjustment	13,300
Originated Loans
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	655,260
Originations	19,512,072
Ditech Acquisition	618,297
Sales	(19,176,028)
Proceeds from repayments	(48,626)
Transfer of loans to other assets	(412)
Fair value adjustment	28,761	3,695
Ending balance, loans held-for-sale	1,589,324	655,260
Acquired Loans
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	2,153,269
Purchases	7,499,614
Sales	(6,362,077)
Proceeds from repayments	(187,311)
Transfer of loans to real estate owned	(4,155)
Accretion of loan discount and other amortization	0
Fair value adjustment	(75,052)
Ending balance, loans held-for-sale	$ 3,024,288	$ 2,153,269

INVESTMENTS IN RESIDENTIAL M_12

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Net Interest Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest Income:
Acquired Residential Mortgage Loans, held-for-investment	$ 60,301	$ 76,129
Acquired Residential Mortgage Loans, held-for-sale	65,926	45,653
Acquired Residential Mortgage Loans, held-for-sale, at fair value	123,446	35,904
Originated Residential Mortgage Loans, held-for-sale, at fair value	52,480	15,658
Total Interest Income on Residential Mortgage Loans	302,153	173,344
Interest Expense:
Acquired Residential Mortgage Loans, held-for-investment	19,381	23,618
Acquired Residential Mortgage Loans, held-for-sale	40,067	35,796
Acquired Residential Mortgage Loans, held-for-sale, at fair value	98,850	21,496
Originated Residential Mortgage Loans, held-for-sale,at fair value	10,873	2,690
Total Interest Expense on Residential Mortgage Loans	169,171	83,600
Total Net Interest Income on Residential Mortgage Loans	$ 132,982	$ 89,744

INVESTMENTS IN RESIDENTIAL M_13

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Gain on Sale of Originated Mortgage Loans, Net (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Long Lived Assets Held-for-sale [Line Items]
Gain on loans originated and sold									$ 53,554	$ 47,172
Gain (loss) on settlement of mortgage loan origination derivative instruments									(53,374)	1,234
MSRs retained on transfer of loans									374,450	35,311
Other									42,912	14,057
Realized gain on sale of originated mortgage loans, net									417,542	97,774
Change in fair value of derivative instruments (Note 11)									29,152	(5,324)	$ 0
Gain on originated mortgage loans, held-for-sale, net	$ 180,520	$ 126,747	$ 101,018	$ 67,170	$ 49,091	$ 47,054	$ 0	$ 0	475,455	96,145	0
Loan origination fees and direct loan origination costs									421,300	21,800
TBAs and Forward Loan Sale Commitments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments (Note 11)									3,001	(5,347)
Interest Rate Lock Commitments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments (Note 11)									26,151	23	$ 0
Originated Loans
Long Lived Assets Held-for-sale [Line Items]
Change in fair value									$ 28,761	$ 3,695

INVESTMENTS IN RESIDENTIAL M_14

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Real Estate Owned [Roll Forward]
Beginning balance	$ 113,410	$ 128,295
Purchases	68,024	33,377
Transfer of loans to real estate owned	86,167	107,577
Sales	(150,431)	(152,725)
Valuation provision on REO		(3,114)
Valuation (provision) reversal on REO	635
Ending balance	$ 117,805	$ 113,410

INVESTMENTS IN CONSUMER LOANS -

INVESTMENTS IN CONSUMER LOANS - Narrative (Details) $ / shares in Units, shares in Millions	Jun. 04, 2019USD ($)	Feb. 28, 2017USD ($)investor$ / sharesshares	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)
Schedule of Consumer Loans [Line Items]
New Residential’s investment			$ 0	$ 38,294,000
Warrants			$ 28,042,000	$ 0
WarrantCo | Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
Number of warrants to be purchased (in shares) | shares		177.7	42
Value of Series F convertible preferred stock		$ 75,000,000
Exercise price (in dollars per share) | $ / shares		$ 0.01
Consumer Loan SPVs
Schedule of Consumer Loans [Line Items]
New Residential’s ownership			53.50%
Refinanced asset-backed notes	$ 938,700,000
Proceeds in excess of the refinanced debt	7,800,000
Consumer Loan SPVs | New Residential and Co Investors
Schedule of Consumer Loans [Line Items]
Proceeds in excess of the refinanced debt	$ 13,400,000
LoanCo | Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
New Residential’s ownership		25.00%
Purchase agreement amount		$ 5,000,000,000
Terms of purchase agreement contract		2 years
Number of co-investors | investor		3
New Residential’s investment			$ 0
Gain on the distribution of all net assets			$ 3,600,000
WarrantCo | Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
New Residential’s ownership		23.57%
Number of co-investors | investor		3
Series F Convertible Preferred Stock | Consumer Loan Seller | New Residential and Co Investors | Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
Number of securities called by warrants (in shares) | shares			177.7

INVESTMENTS IN CONSUMER LOANS_2

INVESTMENTS IN CONSUMER LOANS - Summary of Investment in Consumer Loans (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Schedule of Consumer Loans [Line Items]
Carrying Value	[1]		$ 827,545	$ 1,072,202
Weighted Average Expected Life (Years)			24 days
Number of days delinquent		30 days
Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
UPB of Underlying Mortgages			$ 18,000
Consumer Portfolio Segment | Parent Company
Schedule of Consumer Loans [Line Items]
UPB of Underlying Mortgages			823,917	1,072,577
Carrying Value			$ 827,545	$ 1,072,202
Weighted Average Coupon			18.00%	18.10%
Weighted Average Expected Life (Years)			3 years 10 months 24 days	3 years 6 months
Weighted average delinquency			5.90%	6.70%
Consumer Portfolio Segment | Parent Company | Other - Performing Loans
Schedule of Consumer Loans [Line Items]
UPB of Underlying Mortgages			$ 9,158	$ 35,326
Interest in Consumer Loans			100.00%	100.00%
Carrying Value			$ 8,602	$ 32,722
Weighted Average Coupon			15.10%	14.20%
Weighted Average Expected Life (Years)			21 days	24 days
Weighted average delinquency			6.10%	5.60%
Consumer Portfolio Segment | Parent Company | Performing Loans
Schedule of Consumer Loans [Line Items]
UPB of Underlying Mortgages			$ 644,676	$ 815,341
Interest in Consumer Loans			53.50%	53.50%
Carrying Value			$ 682,310	$ 856,563
Weighted Average Coupon			18.80%	18.80%
Weighted Average Expected Life (Years)			4 years	3 years 7 months 6 days
Weighted average delinquency			4.70%	5.40%
Consumer Portfolio Segment | Parent Company | Non-Performing Loans
Schedule of Consumer Loans [Line Items]
UPB of Underlying Mortgages			$ 170,083	$ 221,910
Interest in Consumer Loans			53.50%	53.50%
Carrying Value			$ 136,633	$ 182,917
Weighted Average Coupon			15.50%	16.00%
Weighted Average Expected Life (Years)			3 years 8 months 12 days	3 years 4 months 24 days
Weighted average delinquency			10.10%	11.60%
[1]	See Note 14 regarding consolidated VIEs.

INVESTMENTS IN CONSUMER LOANS_3

INVESTMENTS IN CONSUMER LOANS - Credit Quality Indicator (Details) - Consumer Portfolio Segment - Performing Loans	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	100.00%
Current
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	95.30%
30-59
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	1.80%
60-89
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	1.20%
90-119
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	0.70%
120
Debt Securities, Available-for-sale [Line Items]
Delinquency Status	1.00%

INVESTMENTS IN CONSUMER LOANS_4

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans Receivable [Roll Forward]
Proceeds from repayments	$ (113,602)	$ (147,403)	$ (94,807)
Accretion of loan discount and premium amortization, net	379,129	701,967	1,031,384
Consumer Portfolio Segment | Performing Loans
Loans Receivable [Roll Forward]
Beginning balance	889,285	1,137,814
Purchases	0	0
Additional fundings	54,375	63,971
Proceeds from repayments	(213,525)	(257,182)
Accretion of loan discount and premium amortization, net	186	1,940
Charge-offs	(38,563)	(56,870)
Allowance for loan losses	(846)	(388)
Ending balance	$ 690,912	$ 889,285	$ 1,137,814

INVESTMENTS IN CONSUMER LOANS_5

INVESTMENTS IN CONSUMER LOANS - Allowance for Loan Losses on Performing Consumer Loans, Held-for-Investment (Details) - Consumer Portfolio Segment - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans Receivable [Roll Forward]
UPB of Underlying Mortgages	$ 18,000
Post-modification recorded investment	15,900
Performing Loans
Loans Receivable [Roll Forward]
Collectively Evaluated, beginning balance	2,604	$ 4,429
Individually Impaired, beginning balance	2,064	1,676
Beginning balance	4,668	6,105
Provision (reversal) for loan losses	30,854	48,227
Provision for loan losses	(32,057)	(49,664)
Collectively Evaluated, ending balance	555	2,604
Individually Impaired, ending balance	2,910	2,064
Ending balance	3,465	4,668
Recovery of bad debts	8,600	9,000
Performing Loans | Collectively Evaluated
Loans Receivable [Roll Forward]
Provision (reversal) for loan losses	30,008	47,839
Provision for loan losses	(32,057)	(49,664)
Performing Loans | Individually Impaired
Loans Receivable [Roll Forward]
Provision (reversal) for loan losses	846	388
Provision for loan losses	$ 0	$ 0

INVESTMENTS IN CONSUMER LOANS_6

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Purchased Deteriorated Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans Receivable [Roll Forward]
Proceeds from repayments	$ (113,602)	$ (147,403)	$ (94,807)
Accretion of loan discount and other amortization	379,129	701,967	1,031,384
Acquired Loans | Consumer Portfolio Segment
Loans Receivable [Roll Forward]
Beginning balance	182,917	236,449
Provision for loan losses	31	(31)
Proceeds from repayments	(78,519)	(90,700)
Accretion of loan discount and other amortization	32,204	37,199
Ending balance	$ 136,633	$ 182,917	$ 236,449

INVESTMENTS IN CONSUMER LOANS_7

INVESTMENTS IN CONSUMER LOANS - UPB and Carrying Value of Consumer Loans (Details) - Acquired Loans - Consumer Portfolio Segment - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Unpaid Principal Balance	$ 170,083	$ 221,910
Carrying Value	$ 136,633	$ 182,917

INVESTMENTS IN CONSUMER LOANS_8

INVESTMENTS IN CONSUMER LOANS - Accretable Yield for Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans Receivable [Roll Forward]
Beginning balance	$ 68,632	$ 88,631
Accretion	(16,041)	(24,124)
Ending balance	37,022	68,632
Consumer Portfolio Segment | Acquired Loans
Loans Receivable [Roll Forward]
Beginning balance	126,518	132,291
Accretion	(32,204)	(37,199)
Reclassifications from non-accretable difference	10,949	31,426
Ending balance	$ 105,263	$ 126,518

INVESTMENTS IN CONSUMER LOANS_9

INVESTMENTS IN CONSUMER LOANS - Summary of Equity Method Investments Prior to Consolidation, Balance Sheet Components (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Nov. 30, 2019	Dec. 31, 2018	Nov. 30, 2018
Schedule of Consumer Loans [Line Items]
New Residential’s investment	$ 0		$ 38,294
Consumer Portfolio Segment | LoanCo and WarrantCo
Schedule of Consumer Loans [Line Items]
Consumer Loan Assets (amortized cost basis)		$ 0		$ 231,560
Warrants, at fair value		0		103,067
Other assets		0		25,971
Warehouse financing		0		(182,065)
Other liabilities		0		(1,142)
Equity		0		177,391
Undistributed retained earnings		0		0
New Residential’s investment	$ 0	$ 0	$ 38,294	$ 42,875
New Residential’s ownership		24.30%		24.20%

INVESTMENTS IN CONSUMER LOAN_10

INVESTMENTS IN CONSUMER LOANS - Summary of Equity Method Investments Prior to Consolidation (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Consumer Loans [Line Items]
Bonds and residual interests retained		$ 1,171,959	$ 900,491	$ 403,270
Consumer Portfolio Segment | LoanCo and WarrantCo
Schedule of Consumer Loans [Line Items]
Interest income	$ 19,912		42,920
Interest expense	(6,487)		(12,258)
Change in fair value of consumer loans and warrants	(4,596)		17,491
Gain on sale of consumer loans	(10,711)		2,697
Other expenses	(3,871)		(7,257)
Net income	(5,753)		43,593
New Residential’s equity in net income	$ (1,438)	(1,438)	$ 10,803
New Residential’s ownership	25.00%		24.80%
LoanCo
Schedule of Consumer Loans [Line Items]
Bonds and residual interests retained		83,900
LoanCo | Consumer Portfolio Segment
Schedule of Consumer Loans [Line Items]
Unpaid principal of consumer loans		$ 406,100

INVESTMENTS IN CONSUMER LOAN_11

INVESTMENTS IN CONSUMER LOANS - Changes in Consumer Loan Equity Method Investments (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Equity Method Investments [Roll Forward]
Balance at beginning of period		$ 38,294
Distributions of earnings from equity method investees		(8,999)	$ (11,059)	$ (13,668)
Distributions of capital from equity method investees		(92,748)	(300,056)	$ (393,722)
Balance at end of period		0	38,294
Consumer Portfolio Segment | LoanCo and WarrantCo
Increase (Decrease) in Equity Method Investments [Roll Forward]
Balance at beginning of period		38,294
Contributions to equity method investees		64,499
Distributions of earnings from equity method investees		(8,607)
Distributions of capital from equity method investees		(92,748)
Earnings from investments in consumer loans, equity method investees	$ (1,438)	(1,438)	10,803
Balance at end of period	$ 0	$ 0	$ 38,294

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - USD ($) $ in Thousands, shares in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2017	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Warrants		$ 28,042	$ 0
WarrantCo | Consumer Portfolio Segment
Derivative [Line Items]
Warrants to acquire Series F convertible preferred stock	177.7	42

DERIVATIVES - Schedule of Deriv

DERIVATIVES - Schedule of Derivatives (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative assets	$ 41,501	$ 10,893
Derivative liabilities	6,885	29,389
Interest Rate Caps
Derivative [Line Items]
Derivative assets	0	3
Interest Rate Swaps
Derivative [Line Items]
Derivative assets	155	0
Derivative liabilities	0	5,245
Variation margin accounts	171,800	106,100
Interest Rate Lock Commitments
Derivative [Line Items]
Derivative assets	41,346	10,851
Derivative liabilities	1,455	223
Forward Loan Sale Commitments
Derivative [Line Items]
Derivative assets	0	39
Derivative liabilities	27	0
TBAs
Derivative [Line Items]
Derivative assets	0	0
Derivative liabilities	$ 5,403	$ 23,921

DERIVATIVES - Notional Amount (

DERIVATIVES - Notional Amount (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest Rate Caps
Derivative [Line Items]
Derivative asset, notional amount	$ 12,500	$ 50,000
Derivative, notional amount	$ 12,500
Derivative, cap interest rate	4.00%
Average remaining maturity (in months)	11 months
Interest Rate Caps | Short
Derivative [Line Items]
Derivative, cap interest rate	1.90%
Interest Rate Swaps
Derivative [Line Items]
Derivative asset, notional amount	$ 4,900,000	4,725,000
Interest Rate Swaps | Short
Derivative [Line Items]
Derivative asset, notional amount	$ 900,000
Average remaining maturity (in months)	87 months
Interest Rate Swaps | Long
Derivative [Line Items]
Derivative, notional amount	$ 4,000,000	$ 4,700,000
Derivative, cap interest rate	3.20%	3.21%
Average remaining maturity (in months)	36 months	52 months
Interest Rate Lock Commitments
Derivative [Line Items]
Derivative asset, notional amount	$ 4,043,935	$ 823,187
Forward Loan Sale Commitments
Derivative [Line Items]
Derivative asset, notional amount	43,654	30,274
TBAs | Short
Derivative [Line Items]
Derivative liability, notional amount	5,048,000	5,904,300
TBAs | Long
Derivative [Line Items]
Derivative liability, notional amount	$ 11,692,212	$ 5,067,200

DERIVATIVES - Gain (Losses) (De

DERIVATIVES - Gain (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Other income (loss), net	$ (56,143)	$ (108,234)	$ (2,190)
Gain (loss) on settlement of investments, net	(129,923)	54,867	(39,214)
Change in fair value of derivative instruments (Note 11)	29,152	(5,324)	0
Total gains (losses)	(156,914)	(58,691)	(41,404)
Gain (loss) on settlement of mortgage loan origination derivative instruments	(53,374)	1,234
Interest Rate Caps
Derivative [Line Items]
Other income (loss), net	(3)	431	323
Gain (loss) on settlement of investments, net	0	(603)	(1,911)
Interest Rate Swaps
Derivative [Line Items]
Other income (loss), net	(58,918)	(108,098)	(720)
Gain (loss) on settlement of investments, net	(8,671)	65,823	6,921
TBAs
Derivative [Line Items]
Other income (loss), net	2,778	(567)	(1,793)
Gain (loss) on settlement of investments, net	(121,252)	(10,353)	(44,224)
Change in fair value of derivative instruments (Note 11)	3,067	(5,064)	0
Interest Rate Lock Commitments
Derivative [Line Items]
Other income (loss), net	0	0	0
Change in fair value of derivative instruments (Note 11)	26,151	23	0
Forward Loan Sale Commitments
Derivative [Line Items]
Other income (loss), net	0	0	0
Change in fair value of derivative instruments (Note 11)	$ (66)	$ (283)	$ 0

DEBT OBLIGATIONS - Schedule of

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Outstanding Face Amount	$ 35,650,844
Carrying Value	$ 35,636,373	$ 22,656,235	$ 15,746,530
Weighted Average Funding Cost	2.71%
Weighted Average Life (Years)	24 days
Interest payable	$ 68,668	49,352
Excess MSRs
Debt Instrument [Line Items]
Carrying Value	217,300	297,563	483,978
Servicer Advances
Debt Instrument [Line Items]
Carrying Value	3,181,672	3,382,455	4,060,156
Consumer Loans
Debt Instrument [Line Items]
Carrying Value	816,689	936,447	$ 1,242,756
Repurchase Agreements: | Agency RMBS
Debt Instrument [Line Items]
Outstanding Face Amount	15,481,677
Carrying Value	$ 15,481,677	4,346,070
Weighted Average Funding Cost	1.99%
Weighted Average Life (Years)	2 hours
Repurchase Agreements: | Agency RMBS | Trade And Other Receivables
Debt Instrument [Line Items]
Collateral amount	$ 5,300,000
Repurchase Agreements: | Agency RMBS | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 years
Outstanding Face	$ 15,499,156
Amortized Cost Basis	15,810,728
Carrying Value	15,862,218
Repurchase Agreements: | Non-Agency RMBS
Debt Instrument [Line Items]
Outstanding Face Amount	7,317,519
Carrying Value	$ 7,317,519	7,434,785
Weighted Average Funding Cost	2.76%
Weighted Average Life (Years)	3 days
Repurchase Agreements: | Non-Agency RMBS | Retained Servicer Advance and Consumer Bonds
Debt Instrument [Line Items]
Carrying Value	$ 7,500
Repurchase Agreements: | Non-Agency RMBS | Retainer Bonds Collateralized By Agency MSRs
Debt Instrument [Line Items]
Carrying Value	$ 638,600
Repurchase Agreements: | Non-Agency RMBS | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	7 years
Outstanding Face	$ 25,220,620
Amortized Cost Basis	8,014,409
Carrying Value	8,661,349
Repurchase Agreements: | Non-Agency RMBS | Collateral | Retained Servicer Advance and Consumer Bonds
Debt Instrument [Line Items]
Carrying Value	10,000
Repurchase Agreements: | Non-Agency RMBS | Collateral | Retainer Bonds Collateralized By Agency MSRs
Debt Instrument [Line Items]
Carrying Value	744,400
Repurchase Agreements: | Residential Mortgage Loans
Debt Instrument [Line Items]
Outstanding Face Amount	5,054,667
Carrying Value	$ 5,053,207	3,678,246
Weighted Average Funding Cost	3.48%
Weighted Average Life (Years)	18 days
Repurchase Agreements: | Residential Mortgage Loans | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	15 years 4 months 24 days
Outstanding Face	$ 5,778,009
Amortized Cost Basis	5,847,650
Carrying Value	5,577,297
Repurchase Agreements: | Real Estate Owned
Debt Instrument [Line Items]
Outstanding Face Amount	63,846
Carrying Value	$ 63,822	94,868
Weighted Average Funding Cost	3.53%
Weighted Average Life (Years)	21 days
Repurchase Agreements: | Real Estate Owned | Collateral
Debt Instrument [Line Items]
Carrying Value	$ 77,556
Repurchase Agreements: | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	27,917,709
Carrying Value	$ 27,916,225	15,553,969
Weighted Average Funding Cost	2.47%
Weighted Average Life (Years)	6 days
Interest payable	$ 84,100
Repurchase Agreements: | Non-agency RMBS Repurchase Agreements, LIBOR Based Floating Interest Rate
Debt Instrument [Line Items]
Outstanding Face Amount	6,788,400
Repurchase Agreements: | Non-agency RMBS Repurchase Agreements, Fixed Rate
Debt Instrument [Line Items]
Outstanding Face Amount	529,100
Notes and Bonds Payable: | Residential Mortgage Loans
Debt Instrument [Line Items]
Outstanding Face Amount	866,001
Carrying Value	$ 864,451	124,945
Weighted Average Funding Cost	4.63%
Weighted Average Life (Years)	8 years 3 months 18 days
Notes and Bonds Payable: | Residential Mortgage Loans | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	7 years 1 month 6 days
Outstanding Face	$ 1,183,625
Amortized Cost Basis	1,199,326
Carrying Value	1,171,201
Notes and Bonds Payable: | Excess MSRs
Debt Instrument [Line Items]
Outstanding Face Amount	217,300
Carrying Value	$ 217,300	297,563
Weighted Average Funding Cost	4.45%
Weighted Average Life (Years)	2 years 7 months 6 days
Notes and Bonds Payable: | Excess MSRs | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 10 months 24 days
Outstanding Face	$ 97,846,949
Amortized Cost Basis	306,803
Carrying Value	394,644
Notes and Bonds Payable: | MSRs
Debt Instrument [Line Items]
Outstanding Face Amount	2,646,540
Carrying Value	$ 2,640,036	2,360,856
Weighted Average Funding Cost	4.16%
Weighted Average Life (Years)	1 year 7 months 6 days
Notes and Bonds Payable: | MSRs | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 8 months 12 days
Outstanding Face	$ 394,098,370
Amortized Cost Basis	3,998,060
Carrying Value	4,446,855
Notes and Bonds Payable: | Servicer Advances
Debt Instrument [Line Items]
Outstanding Face Amount	3,189,486
Carrying Value	$ 3,181,672	3,382,455
Weighted Average Funding Cost	2.90%
Weighted Average Life (Years)	2 years 1 month 6 days
Face amount of fixed rate debt	$ 1,900,000
Notes and Bonds Payable: | Servicer Advances | LIBOR | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	1.00%
Notes and Bonds Payable: | Servicer Advances | LIBOR | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	2.00%
Notes and Bonds Payable: | Servicer Advances | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year 4 months 24 days
Outstanding Face	$ 3,587,593
Amortized Cost Basis	3,858,818
Carrying Value	3,883,151
Notes and Bonds Payable: | Consumer Loans
Debt Instrument [Line Items]
Outstanding Face Amount	813,808
Carrying Value	$ 816,689	936,447
Weighted Average Funding Cost	3.25%
Weighted Average Life (Years)	3 years 10 months 24 days
Notes and Bonds Payable: | Consumer Loans | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	3 years 10 months 24 days
Outstanding Face	$ 823,806
Amortized Cost Basis	830,900
Carrying Value	827,434
Notes and Bonds Payable: | Total Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	7,733,135
Carrying Value	$ 7,720,148	$ 7,102,266
Weighted Average Funding Cost	3.60%
Weighted Average Life (Years)	2 years 9 months 18 days
Notes and Bonds Payable: | Residential Mortgage Loans | Mr. Cooper
Debt Instrument [Line Items]
Outstanding Face Amount	$ 5,600
Collateral amount	$ 2,100
Variable interest rate spread	4.59%
Notes and Bonds Payable: | Residential Mortgage Loans | LIBOR | Mr. Cooper
Debt Instrument [Line Items]
Variable interest rate spread	2.88%
Notes and Bonds Payable: | Residential Mortgage Backed Securities
Debt Instrument [Line Items]
Outstanding Face Amount	$ 105,300
Notes and Bonds Payable: | Residential Mortgage Backed Securities | Minimum
Debt Instrument [Line Items]
Weighted Average Funding Cost	3.50%
Notes and Bonds Payable: | Residential Mortgage Backed Securities | Maximum
Debt Instrument [Line Items]
Weighted Average Funding Cost	3.76%
Secured Debt | 3.00% Secured Corporate Note
Debt Instrument [Line Items]
Outstanding Face Amount	$ 217,300
Secured Debt | 3.00% Secured Corporate Note | LIBOR
Debt Instrument [Line Items]
Variable interest rate spread	2.75%
Secured Debt | 2.25% Agency MSR Secured Note
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,250,000
Secured Debt | 2.25% Agency MSR Secured Note | LIBOR | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	2.25%
Secured Debt | 2.25% Agency MSR Secured Note | LIBOR | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	2.75%
Secured Debt | 2.50% Agency MSR Secured Note
Debt Instrument [Line Items]
Outstanding Face Amount	$ 59,500
Secured Debt | 2.50% Agency MSR Secured Note | LIBOR
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
Secured Debt | 3.55% Agency MSR Secured Note
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,337,100
Secured Debt | 3.55% Agency MSR Secured Note | LIBOR | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	3.55%
Secured Debt | 3.55% Agency MSR Secured Note | LIBOR | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	4.62%
Secured Debt | 4.59% Asset-backed Notes
Debt Instrument [Line Items]
Outstanding Face Amount	$ 353,500
Collateral amount	300
Secured Debt | 6.58% Asset-backed Notes
Debt Instrument [Line Items]
Outstanding Face Amount	$ 202,500
Weighted Average Funding Cost	6.58%
Secured Debt | Asset-Backed Notes, LIBOR Based Floating Interest Rate
Debt Instrument [Line Items]
Outstanding Face Amount	$ 199,100
Collateral amount	$ 1,500
Secured Debt | Asset-Backed Notes, LIBOR Based Floating Interest Rate | LIBOR
Debt Instrument [Line Items]
Variable interest rate spread	1.25%
Secured Debt | Consumer Loan, UPB Class A
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 734,700
Interest rate, stated percentage	3.20%
Secured Debt | Consumer Loan, UPB Class B
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 70,400
Interest rate, stated percentage	3.58%
Secured Debt | Consumer Loan, UPB Class C-1
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 8,700
Interest rate, stated percentage	5.06%

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) $ in Thousands	Dec. 31, 2019USD ($)agreement
Debt Instrument [Line Items]
Face Amount of Notes and Bonds Payable	$ 35,650,844
Repurchase Agreements: | Repurchase Agreements
Debt Instrument [Line Items]
Face Amount of Notes and Bonds Payable	$ 27,917,709
Repurchase Agreements: | Stockholders' Equity | Counterpary Concentration Risk Exceeding 10%
Debt Instrument [Line Items]
Number of outstanding repurchase agreements | agreement	0

DEBT OBLIGATIONS - Carrying Val

DEBT OBLIGATIONS - Carrying Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Roll Forward]
Beginning balance	$ 22,656,235	$ 15,746,530
Acquisitions	209,459	141,433
Borrowings	243,316,628	99,662,678	$ 57,762,563
Repayments	(230,954,107)	(93,214,286)	(54,289,124)
Ending balance	35,636,373	22,656,235	15,746,530
Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	297,563	483,978
Acquisitions		0
Ending balance	217,300	297,563	483,978
MSRs
Debt Instrument [Roll Forward]
Beginning balance	2,360,856	1,157,179
Acquisitions		20,731
Ending balance	2,640,036	2,360,856	1,157,179
Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	3,382,455	4,060,156
Acquisitions		0
Ending balance	3,181,672	3,382,455	4,060,156
Real Estate Securities
Debt Instrument [Roll Forward]
Beginning balance	11,780,855	6,694,454
Acquisitions		0
Ending balance	22,799,196	11,780,855	6,694,454
Residential mortgage loans and REO
Debt Instrument [Roll Forward]
Beginning balance	3,898,059	2,108,007
Acquisitions		120,702
Ending balance	5,981,480	3,898,059	2,108,007
Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	936,447	1,242,756
Acquisitions		0
Ending balance	816,689	936,447	$ 1,242,756
Repurchase Agreements:
Debt Instrument [Roll Forward]
Acquisitions		439,632
Borrowings	243,316,628	99,662,678
Repayments	(230,954,107)	(93,210,903)
Capitalized deferred financing costs, net of amortization	264	424
Repurchase Agreements: | Excess MSRs
Debt Instrument [Roll Forward]
Acquisitions		0
Borrowings	0	0
Repayments	0	0
Capitalized deferred financing costs, net of amortization	0	0
Repurchase Agreements: | MSRs
Debt Instrument [Roll Forward]
Acquisitions		0
Borrowings	0	0
Repayments	0	0
Capitalized deferred financing costs, net of amortization	0	0
Repurchase Agreements: | Servicer Advances
Debt Instrument [Roll Forward]
Acquisitions		0
Borrowings	0	0
Repayments	0	0
Capitalized deferred financing costs, net of amortization	0	0
Repurchase Agreements: | Real Estate Securities
Debt Instrument [Roll Forward]
Acquisitions		1,957
Borrowings	207,138,969	90,996,778
Repayments	(196,120,793)	(85,912,169)
Capitalized deferred financing costs, net of amortization	(165)	(165)
Repurchase Agreements: | Residential mortgage loans and REO
Debt Instrument [Roll Forward]
Acquisitions		437,675
Borrowings	36,177,659	8,665,900
Repayments	(34,833,314)	(7,298,734)
Capitalized deferred financing costs, net of amortization	429	589
Repurchase Agreements: | Consumer Loans
Debt Instrument [Roll Forward]
Acquisitions		0
Borrowings	0	0
Repayments	0	0
Capitalized deferred financing costs, net of amortization	0	0
Notes and Bonds Payable:
Debt Instrument [Roll Forward]
Borrowings	9,706,864	9,770,909
Repayments	(9,303,527)	(9,892,659)
Discount on borrowings, net of amortization	6,271	1,674
Unrealized gain on notes, fair value	1,236	684
Capitalized deferred financing costs, net of amortization	(2,422)	(4,167)
Notes and Bonds Payable: | Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	297,563
Acquisitions	0
Borrowings	456,741	350,787
Repayments	(537,200)	(537,227)
Discount on borrowings, net of amortization	0	0
Unrealized gain on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	196	25
Ending balance	217,300	297,563
Notes and Bonds Payable: | MSRs
Debt Instrument [Roll Forward]
Acquisitions	0
Borrowings	2,456,410	4,212,855
Repayments	(2,178,755)	(3,022,785)
Discount on borrowings, net of amortization	0	0
Unrealized gain on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	1,525	(7,124)
Notes and Bonds Payable: | Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	3,382,455
Acquisitions	0
Borrowings	4,952,585	5,207,084
Repayments	(5,149,327)	(5,887,384)
Discount on borrowings, net of amortization	102	41
Unrealized gain on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	(4,143)	2,558
Ending balance	3,181,672	3,382,455
Notes and Bonds Payable: | Real Estate Securities
Debt Instrument [Roll Forward]
Acquisitions	0
Borrowings	0	0
Repayments	0	0
Discount on borrowings, net of amortization	0	0
Unrealized gain on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	0	0
Notes and Bonds Payable: | Residential mortgage loans and REO
Debt Instrument [Roll Forward]
Acquisitions	209,459
Borrowings	912,445	183
Repayments	(383,635)	(136,947)
Discount on borrowings, net of amortization	0	0
Unrealized gain on notes, fair value	1,236	684
Capitalized deferred financing costs, net of amortization	0	0
Notes and Bonds Payable: | Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	936,447
Acquisitions	0
Borrowings	928,683	0
Repayments	(1,054,610)	(308,316)
Discount on borrowings, net of amortization	6,169	1,633
Unrealized gain on notes, fair value	0	0
Capitalized deferred financing costs, net of amortization	0	374
Ending balance	$ 816,689	$ 936,447

DEBT OBLIGATIONS - Contractual

DEBT OBLIGATIONS - Contractual Maturities of Debt Obligations (Details) $ in Thousands	Dec. 31, 2019USD ($)
Debt maturing in:
2020	$ 29,710,887
2021	1,783,428
2022	1,863,618
2023	782,215
2024	389,177
2025 and thereafter	1,121,519
Total long-term debt	35,650,844
Nonrecourse
Debt maturing in:
2020	527,231
2021	1,030,932
2022	1,646,318
2023	400,000
2024	0
2025 and thereafter	1,121,519
Total long-term debt	4,726,000
Recourse
Debt maturing in:
2020	29,183,656
2021	752,496
2022	217,300
2023	382,215
2024	389,177
2025 and thereafter	0
Total long-term debt	$ 30,924,844

DEBT OBLIGATIONS - Schedule o_2

DEBT OBLIGATIONS - Schedule of Borrowing Capacity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Residential mortgage loans and REO
Debt Instrument [Line Items]
Borrowing Capacity	$ 6,296,106
Balance Outstanding	3,685,133
Available Financing	2,610,973
New Loan Originations
Debt Instrument [Line Items]
Borrowing Capacity	4,433,000
Balance Outstanding	1,433,380
Available Financing	2,999,620
Non-Agency RMBS
Debt Instrument [Line Items]
Borrowing Capacity	650,000
Balance Outstanding	529,096
Available Financing	120,904
Excess MSRs
Debt Instrument [Line Items]
Borrowing Capacity	150,000
Balance Outstanding	0
Available Financing	150,000
MSRs
Debt Instrument [Line Items]
Borrowing Capacity	1,575,000
Balance Outstanding	1,309,484
Available Financing	265,516
Servicer Advances
Debt Instrument [Line Items]
Borrowing Capacity	1,645,000
Balance Outstanding	1,289,521
Available Financing	$ 355,479
Unused borrowing capacity fee	0.02%
Residential Mortgage Loans
Debt Instrument [Line Items]
Borrowing Capacity	$ 650,000
Balance Outstanding	199,132
Available Financing	450,868
Consumer loan bonds
Debt Instrument [Line Items]
Borrowing Capacity	150,000
Balance Outstanding	0
Available Financing	150,000
Debt Borrowing Capacity
Debt Instrument [Line Items]
Borrowing Capacity	15,549,106
Balance Outstanding	8,445,746
Available Financing	$ 7,103,360

FAIR VALUE MEASUREMENT - Carryi

FAIR VALUE MEASUREMENT - Carrying Values and Fair Values of Financial Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	$ 379,747	$ 447,860
Mortgage servicing rights, at fair value	5,686,233	4,528,604	$ 2,334,232
Mortgage servicing rights financing receivables, at fair value	1,718,273	1,644,504
Real estate and other securities, available-for-sale	19,477,728	11,636,581
Residential mortgage loans, held for sale, at fair value	4,613,612	2,808,529
Residential mortgage loans, held-for-investment, fair value	484,443	121,088
Residential mortgage loans subject to repurchase, at fair value	172,336	121,602	$ 0
Derivative assets, at fair value	41,501	10,893
Restricted cash, at fair value	162,197	164,020
Liabilities:
Residential mortgage loan repurchase liability, at fair value	172,336	121,602
Derivative liabilities, at fair value	6,885	29,389
Excess spread financing, at fair value	31,777	39,304
Contingent Consideration	55,222	40,842
Recurring Basis
Investments in:
Excess mortgage servicing rights, principal balance	88,345,237	106,426,363
Excess mortgage servicing rights, equity method investees, principal balance	33,592,554	41,707,963
Mortgage servicing rights, principal balance	373,850,061	258,462,703
Mortgage servicing rights, financing receivables, principal balance	130,984,870	130,516,565
Servicer advance investments, principal balance	462,843	620,050
Real estate and other securities, available-for-sale, principal balance	36,159,591	22,152,845
Residential mortgage loans, held-for-investment, principal balance	502,352	706,111
Residential mortgage loans, held-for-sale, principal balance	1,531,505	1,043,550
Residential mortgage loans, held for sale, principal balance	4,675,806	2,934,727
Residential mortgage loans, held-for-investment, principal balance	452,771	122,260
Residential mortgage loans subject to repurchase, principal balance	172,336	121,602
Consumer loans, principal balance	823,917	1,072,577
Derivative assets, principal balance	8,360,894	840,179
Cash and cash equivalents, principal balance	528,737	251,058
Restricted cash, principal balance	162,197	164,020
Liabilities:
Repurchase agreements, principal balance	27,917,709	15,555,156
Notes and bonds payable, principal balance	7,733,135	7,117,909
Residential mortgage loan repurchase liability, principal balance	172,336	121,602
Derivative liabilities, principal balance	17,379,407	15,759,782
Excess spread financing, principal balance	2,962,629	3,492,587
Mortgage backed securities, issued at fair value	659,700
Recurring Basis | Carrying Value
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	379,747	447,860
Excess mortgage servicing rights, equity method investees, at fair value	125,596	147,964
Mortgage servicing rights, at fair value	3,967,960	2,884,100
Mortgage servicing rights financing receivables, at fair value	1,718,273	1,644,504
Servicer advance investments, at fair value	581,777	735,846
Real estate and other securities, available-for-sale	19,477,728	11,636,581
Residential mortgage loans, held-for-investment, at fair value	441,263	614,241
Residential mortgage loans, held-for-sale, at fair value	1,429,052	932,480
Residential mortgage loans, held for sale, at fair value	4,613,612	2,808,529
Residential mortgage loans, held-for-investment, fair value	484,443	121,088
Residential mortgage loans subject to repurchase, at fair value	172,336	121,602
Consumer loans, at fair value	827,545	1,072,202
Derivative assets, at fair value	41,501	10,893
Cash and cash equivalents, at fair value	528,737	251,058
Restricted cash, at fair value	162,197
Other assets, at fair value	60,654	16,991
Assets, fair value	35,012,421	23,609,959
Liabilities:
Repurchase agreements, at fair value	27,916,225	15,553,969
Notes and bonds payable, at fair value	7,720,148	7,102,266
Residential mortgage loan repurchase liability, at fair value	172,336	121,602
Derivative liabilities, at fair value	6,885	29,389
Excess spread financing, at fair value	31,777	39,304
Contingent Consideration	55,222	40,842
Liabilities, fair value	35,902,593	22,887,372
Recurring Basis | Fair Value
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	379,747	447,860
Excess mortgage servicing rights, equity method investees, at fair value	125,596	147,964
Mortgage servicing rights, at fair value	3,967,960	2,884,100
Mortgage servicing rights financing receivables, at fair value	1,718,273	1,644,504
Servicer advance investments, at fair value	581,777	735,846
Real estate and other securities, available-for-sale	19,477,728	11,636,581
Residential mortgage loans, held-for-investment, at fair value	435,234	625,321
Residential mortgage loans, held-for-sale, at fair value	1,438,302	958,970
Residential mortgage loans, held for sale, at fair value	4,613,612	2,808,529
Residential mortgage loans, held-for-investment, fair value	484,443	121,088
Residential mortgage loans subject to repurchase, at fair value	172,336	121,602
Consumer loans, at fair value	849,739	1,054,820
Derivative assets, at fair value	41,501	10,893
Cash and cash equivalents, at fair value	528,737	251,058
Restricted cash, at fair value	162,197	164,020
Other assets, at fair value	60,655	16,991
Assets, fair value	35,037,837	23,630,147
Liabilities:
Repurchase agreements, at fair value	27,917,709	15,555,156
Notes and bonds payable, at fair value	7,779,060	7,076,400
Residential mortgage loan repurchase liability, at fair value	172,336	121,602
Derivative liabilities, at fair value	6,885	29,389
Excess spread financing, at fair value	31,777	39,304
Contingent Consideration	55,222	40,842
Liabilities, fair value	35,962,989	22,862,693
Recurring Basis | Fair Value | Fair Value Measured at Net Asset Value Per Share [Member]
Investments in:
Other assets, at fair value	74,000	74,300
Recurring Basis | Fair Value | Level 1
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	0	0
Excess mortgage servicing rights, equity method investees, at fair value	0	0
Mortgage servicing rights, at fair value	0	0
Mortgage servicing rights financing receivables, at fair value	0	0
Servicer advance investments, at fair value	0	0
Real estate and other securities, available-for-sale	0	0
Residential mortgage loans, held-for-investment, at fair value	0	0
Residential mortgage loans, held-for-sale, at fair value	0	0
Residential mortgage loans, held for sale, at fair value	0	0
Residential mortgage loans, held-for-investment, fair value	0	0
Residential mortgage loans subject to repurchase, at fair value	0	0
Consumer loans, at fair value	0	0
Derivative assets, at fair value	0	0
Cash and cash equivalents, at fair value	528,737	251,058
Restricted cash, at fair value	162,197	164,020
Other assets, at fair value	7,952	7,778
Assets, fair value	698,886	422,856
Liabilities:
Repurchase agreements, at fair value	0	0
Notes and bonds payable, at fair value	0	0
Residential mortgage loan repurchase liability, at fair value	0	0
Derivative liabilities, at fair value	0	0
Excess spread financing, at fair value	0	0
Contingent Consideration	0	0
Liabilities, fair value	0	0
Recurring Basis | Fair Value | Level 2
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	0	0
Excess mortgage servicing rights, equity method investees, at fair value	0	0
Mortgage servicing rights, at fair value	0	0
Mortgage servicing rights financing receivables, at fair value	0	0
Servicer advance investments, at fair value	0	0
Real estate and other securities, available-for-sale	11,519,943	2,665,618
Residential mortgage loans, held-for-investment, at fair value	0	0
Residential mortgage loans, held-for-sale, at fair value	0	0
Residential mortgage loans, held for sale, at fair value	1,099,230	213,882
Residential mortgage loans, held-for-investment, fair value	0	0
Residential mortgage loans subject to repurchase, at fair value	172,336	121,602
Consumer loans, at fair value	0	0
Derivative assets, at fair value	155	42
Cash and cash equivalents, at fair value	0	0
Restricted cash, at fair value	0	0
Other assets, at fair value	0	0
Assets, fair value	12,791,664	3,001,144
Liabilities:
Repurchase agreements, at fair value	27,917,709	15,555,156
Notes and bonds payable, at fair value	0	0
Residential mortgage loan repurchase liability, at fair value	172,336	121,602
Derivative liabilities, at fair value	5,430	29,166
Excess spread financing, at fair value	0	0
Contingent Consideration	0	0
Liabilities, fair value	28,095,475	15,705,924
Recurring Basis | Fair Value | Level 3
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	379,747	447,860
Excess mortgage servicing rights, equity method investees, at fair value	125,596	147,964
Mortgage servicing rights, at fair value	3,967,960	2,884,100
Mortgage servicing rights financing receivables, at fair value	1,718,273	1,644,504
Servicer advance investments, at fair value	581,777	735,846
Real estate and other securities, available-for-sale	7,957,785	8,970,963
Residential mortgage loans, held-for-investment, at fair value	435,234	625,321
Residential mortgage loans, held-for-sale, at fair value	1,438,302	958,970
Residential mortgage loans, held for sale, at fair value	3,514,382	2,594,647
Residential mortgage loans, held-for-investment, fair value	484,443	121,088
Residential mortgage loans subject to repurchase, at fair value	0	0
Consumer loans, at fair value	849,739	1,054,820
Derivative assets, at fair value	41,346	10,851
Cash and cash equivalents, at fair value	0	0
Restricted cash, at fair value	0	0
Other assets, at fair value	52,703	9,213
Assets, fair value	21,547,287	20,206,147
Liabilities:
Repurchase agreements, at fair value	0	0
Notes and bonds payable, at fair value	7,779,060	7,076,400
Residential mortgage loan repurchase liability, at fair value	0	0
Derivative liabilities, at fair value	1,455	223
Excess spread financing, at fair value	31,777	39,304
Contingent Consideration	55,222	40,842
Liabilities, fair value	7,867,514	7,156,769
Equal to Greater than 90 Days Past Due | Recurring Basis | Fair Value
Investments in:
Residential mortgage loans, held for sale, at fair value	267,700	88,700
Residential mortgage loans, held-for-investment, fair value	$ 21,600	$ 400

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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning
Purchases, sales and repayments
Purchases		$ 9,465,922
Balance, ending
Non-Agency
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in gain (loss) on settlement of investments, net	$ 97,200	$ (1,300)
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	$ 17,172,492	$ 13,681,878
Transfers
Transfers from Level 3	(32,806)	0
Transfers to Level 3	315,577	0
Acquisition	589,774	341,560
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	(25,174)	(24,940)
Included in change in fair value of investments in excess mortgage servicing rights	(10,505)	(58,656)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	6,800	8,357
Included in servicing revenue, net	(721,356)	(199,836)
Included in change in fair value of investments in mortgage servicing rights financing receivable		31,550
Included in change in fair value of servicer advance investments	10,288	(89,332)
Included in change in fair value of investments in residential mortgage loans	(63,347)	46,065
Included in gain (loss) on settlement of investments, net	98,700	111,714
Included in other income (loss), net	33,706	16,576
Gains (losses) included in other comprehensive income	238,217	31,031
Included in change in fair value of investments in mortgage servicing rights financing receivables	(189,023)
Interest income	363,018	471,676
Purchases, sales and repayments
Purchases	16,217,207
Proceeds from sales	(12,622,386)	(118,780)
Proceeds from repayments	(3,829,844)	(3,781,138)
Originations	1,218,516	35,311
Ocwen Transaction		(2,796,466)
Balance, ending	18,769,854	17,172,492
Recurring Basis | Level 3 | Consumer loan bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	735,846	4,027,379
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	10,288	(89,332)
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	0	72,585
Included in other income (loss), net		0
Gains (losses) included in other comprehensive income		0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	27,666	50,218
Purchases, sales and repayments
Purchases	1,622,808	2,332,989
Proceeds from sales	0	0
Proceeds from repayments	(1,814,831)	(2,455,155)
Originations	0	0
Ocwen Transaction		(3,202,838)
Balance, ending	581,777	735,846
Recurring Basis | Level 3 | MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,884,100	1,735,504
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	387,170	275,964
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	367,121
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	(721,356)	(199,836)
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income (loss), net	0	0
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	0	0
Purchases, sales and repayments
Purchases	690,049	1,042,933
Proceeds from sales	(1,539)	(5,776)
Proceeds from repayments	(11,625)	0
Originations	374,040	35,311
Ocwen Transaction		0
Balance, ending	3,967,960	2,884,100
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,644,504	598,728
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	(124,652)
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	(367,121)
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		31,550
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income (loss), net	0	0
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	(189,023)
Interest income	0	0
Purchases, sales and repayments
Purchases	735,152	128,357
Proceeds from sales	(22,989)	(7,472)
Proceeds from repayments	(82,250)	0
Originations	0	0
Ocwen Transaction		1,017,993
Balance, ending	1,718,273	1,644,504
Recurring Basis | Level 3 | Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	8,970,963	5,974,789
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	(178,435)	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	(25,174)	(24,940)
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	97,191	(1,288)
Included in other income (loss), net	2,101	10,283
Gains (losses) included in other comprehensive income	238,217	31,031
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	302,705	377,018
Purchases, sales and repayments
Purchases	2,058,953	3,854,439
Proceeds from sales	(1,949,300)	(86,448)
Proceeds from repayments	(1,559,436)	(1,163,921)
Originations		0
Ocwen Transaction		0
Balance, ending	7,957,785	8,970,963
Recurring Basis | Level 3 | Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	10,628	0
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	10,604
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income (loss), net	29,263	24
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	0	0
Purchases, sales and repayments
Purchases	0	0
Proceeds from sales	0	0
Proceeds from repayments	0	0
Originations	0	0
Ocwen Transaction		0
Balance, ending	39,891	10,628
Recurring Basis | Level 3 | Residential Mortgage Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,330,627	0
Transfers
Transfers from Level 3	(32,806)	0
Transfers to Level 3	315,577	0
Acquisition	381,039	179,644
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	(63,347)	46,065
Included in gain (loss) on settlement of investments, net	0	0
Included in other income (loss), net	0	(175)
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	0	0
Purchases, sales and repayments
Purchases	11,110,245	2,107,204
Proceeds from sales	(10,638,483)	0
Proceeds from repayments	(248,503)	(2,111)
Originations	844,476	0
Ocwen Transaction		0
Balance, ending	3,998,825	2,330,627
Recurring Basis | Level 3 | MSRs Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	257,387	324,636
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	(7,559)	(18,099)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	1,479	0
Included in other income (loss), net	1,523	6,137
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	14,895	21,936
Purchases, sales and repayments
Purchases	0	0
Proceeds from sales	(10,018)	(19,084)
Proceeds from repayments	(48,074)	(58,139)
Originations	0	0
Ocwen Transaction		0
Balance, ending	209,633	257,387
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	147,964	171,765
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	6,800	8,357
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income (loss), net	0	0
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	0	0
Purchases, sales and repayments
Purchases	0	0
Proceeds from sales	0	0
Proceeds from repayments	(29,168)	(32,158)
Originations	0	0
Ocwen Transaction		0
Balance, ending	125,596	147,964
Recurring Basis | Level 3 | MSRs Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	190,473	849,077
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisition	0	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Fair Value, Assets Measured on Recurring Basis, Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	(2,946)	(40,557)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivable		0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0	0
Included in gain (loss) on settlement of investments, net	30	40,417
Included in other income (loss), net	819	307
Gains (losses) included in other comprehensive income	0	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Interest income	17,752	22,504
Purchases, sales and repayments
Purchases	0	0
Proceeds from sales	(57)	0
Proceeds from repayments	(35,957)	(69,654)
Originations	0	0
Ocwen Transaction		(611,621)
Balance, ending	$ 170,114	$ 190,473

FAIR VALUE MEASUREMENT - Fair V

FAIR VALUE MEASUREMENT - Fair Value Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - Level 3 - Recurring Basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, liability, beginning balance	$ 197,194	$ 0
Transfers
Transfers from Level 3	0	0
Transfers to Level 3	0	0
Acquisitions	13,893	208,226
Ditech Acquisition	209,459
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	(8,406)	(8,591)
Included in change in fair value of investments in notes receivable - rights to MSRs	0	0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income	11,723	2,264
Gains (losses) included in other comprehensive income, net of tax	0	0
Interest income	0	0
Purchases, sales and payments
Purchases	378,569	0
Proceeds from sales	0	0
Proceeds from repayments	(56,574)	(4,338)
Other	879	(367)
Fair value, liability, ending balance	746,737	197,194
Excess Spread Financing
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, liability, beginning balance	39,304	0
Transfers
Transfers from Level 3	0
Transfers to Level 3	0
Acquisitions	0
Ditech Acquisition	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	(8,406)	(8,591)
Included in change in fair value of investments in notes receivable - rights to MSRs	0	0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income	0	0
Gains (losses) included in other comprehensive income, net of tax	0	0
Interest income	0	0
Purchases, sales and payments
Purchases	0	0
Proceeds from sales	0	0
Proceeds from repayments	0	0
Other	879	(367)
Fair value, liability, ending balance	31,777	39,304
Mortgage Backed Securities Issued
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, liability, beginning balance	117,048	0
Transfers
Transfers from Level 3	0
Transfers to Level 3	0
Acquisitions	0
Ditech Acquisition	209,459
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in notes receivable - rights to MSRs	0	0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income	1,236	684
Gains (losses) included in other comprehensive income, net of tax	0	0
Interest income	0	0
Purchases, sales and payments
Purchases	378,569	0
Proceeds from sales	0	0
Proceeds from repayments	(46,574)	(4,338)
Other	0	0
Fair value, liability, ending balance	659,738	117,048
Contingent Consideration
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, liability, beginning balance	40,842	0
Transfers
Transfers from Level 3	0
Transfers to Level 3	0
Acquisitions	13,893
Ditech Acquisition	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0	0
Included in change in fair value of investments in excess mortgage servicing rights	0	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	0
Included in servicing revenue, net	0	0
Included in change in fair value of investments in notes receivable - rights to MSRs	0	0
Included in change in fair value of servicer advance investments	0	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0	0
Included in other income	10,487	1,580
Gains (losses) included in other comprehensive income, net of tax	0	0
Interest income	0	0
Purchases, sales and payments
Purchases	0	0
Proceeds from sales	0	0
Proceeds from repayments	(10,000)	0
Other	0	0
Fair value, liability, ending balance	$ 55,222	40,842
MSRs Agency | Excess Spread Financing
Transfers
Transfers from Level 3		0
Transfers to Level 3		0
Acquisitions		48,262
MSRs Non-Agency | Mortgage Backed Securities Issued
Transfers
Transfers from Level 3		0
Transfers to Level 3		0
Acquisitions		120,702
Excess MSRs Investees | MSRs Agency | Contingent Consideration
Transfers
Transfers from Level 3		0
Transfers to Level 3		0
Acquisitions		$ 39,262

FAIR VALUE MEASUREMENT - Weight

FAIR VALUE MEASUREMENT - Weighted Average Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	12 Months Ended
	Dec. 31, 2019$ / Loan	Dec. 31, 2018$ / Loan
Agency | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing Assets And Servicing Liabilities At Fair Value, Monthly Cost Per Loan	7.18	7.30
Non-Agency | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing Assets And Servicing Liabilities At Fair Value, Monthly Cost Per Loan	11.28	11.45
Ginnie Mae | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing Assets And Servicing Liabilities At Fair Value, Monthly Cost Per Loan	9.20	10.06
Prepayment Rate | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.095	0.095
Prepayment Rate | Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.125	0.094
Prepayment Rate | Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.154	0.095
Prepayment Rate | Non-Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.116	0.132
Prepayment Rate | Non-Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.083	0.082
Prepayment Rate | Ginnie Mae | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.162
Prepayment Rate | Ginnie Mae | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.112
Prepayment Rate | Directly Held | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.093	0.094
Prepayment Rate | Directly Held | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.086	0.098
Prepayment Rate | Directly Held | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.107	0.080
Prepayment Rate | Directly Held | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.079
Prepayment Rate | Directly Held | Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.092	0.091
Prepayment Rate | Directly Held | Non-Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.097	0.104
Prepayment Rate | Directly Held | Non-Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.075	0.080
Prepayment Rate | Directly Held | Non-Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.079
Prepayment Rate | Directly Held | Non-Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.094	0.099
Prepayment Rate | Held through Equity Method Investees | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.098	0.096
Prepayment Rate | Held through Equity Method Investees | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.093	0.109
Prepayment Rate | Held through Equity Method Investees | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.103	0.085
Prepayment Rate | Held through Equity Method Investees | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.086
Delinquency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.010	0.027
Delinquency | Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.010	0.010
Delinquency | Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.004	0.009
Delinquency | Non-Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.012	0.009
Delinquency | Non-Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.144	0.172
Delinquency | Ginnie Mae | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.044
Delinquency | Ginnie Mae | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.039
Delinquency | Directly Held | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.009	0.024
Delinquency | Directly Held | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.011	0.025
Delinquency | Directly Held | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.005	0.021
Delinquency | Directly Held | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.022
Delinquency | Directly Held | Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.009	0.024
Delinquency | Held through Equity Method Investees | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.011	0.032
Delinquency | Held through Equity Method Investees | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.014	0.039
Delinquency | Held through Equity Method Investees | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.008	0.026
Delinquency | Held through Equity Method Investees | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.027
Recapture Rate | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.214	0.245
Recapture Rate | Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.233	0.222
Recapture Rate | Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.158	0.147
Recapture Rate | Non-Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.221	0.100
Recapture Rate | Non-Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.093	0.050
Recapture Rate | Ginnie Mae | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.281
Recapture Rate | Ginnie Mae | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.242
Recapture Rate | Directly Held | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.194	0.215
Recapture Rate | Directly Held | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.203	0.263
Recapture Rate | Directly Held | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.278	0.236
Recapture Rate | Directly Held | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.248
Recapture Rate | Directly Held | Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.223	0.254
Recapture Rate | Directly Held | Non-Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.155	0.154
Recapture Rate | Directly Held | Non-Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.174	0.199
Recapture Rate | Directly Held | Non-Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.198
Recapture Rate | Directly Held | Non-Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.158	0.163
Recapture Rate | Held through Equity Method Investees | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.251	0.294
Recapture Rate | Held through Equity Method Investees | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.237	0.296
Recapture Rate | Held through Equity Method Investees | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.267	0.288
Recapture Rate | Held through Equity Method Investees | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.304
Servicing Amount Percent | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0020	0.0020
Servicing Amount Percent | Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0028	0.0026
Servicing Amount Percent | Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0027	0.0027
Servicing Amount Percent | Non-Agency | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0031	0.0025
Servicing Amount Percent | Non-Agency | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0047	0.0045
Servicing Amount Percent | Ginnie Mae | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0042	0.0033
Servicing Amount Percent | Directly Held | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.0019
Servicing Amount Percent | Directly Held | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0021	0.0021
Servicing Amount Percent | Directly Held | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0023	0.0022
Servicing Amount Percent | Directly Held | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.0022
Servicing Amount Percent | Directly Held | Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0022	0.0021
Servicing Amount Percent | Directly Held | Non-Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0015	0.0015
Servicing Amount Percent | Directly Held | Non-Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0024	0.0023
Servicing Amount Percent | Directly Held | Non-Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0016	0.0020
Servicing Amount Percent | Directly Held | Non-Agency | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0019	0.0016
Servicing Amount Percent | Held through Equity Method Investees | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0021	0.0021
Servicing Amount Percent | Held through Equity Method Investees | Agency | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0019	0.0019
Servicing Amount Percent | Held through Equity Method Investees | Agency | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.0024	0.0023
Servicing Amount Percent | Held through Equity Method Investees | Agency | Recapture Agreement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		0.0023
Collateral Weighted Average Maturity Years | Weighted Average | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	21	22
Collateral Weighted Average Maturity Years | Agency | Weighted Average | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	22	22
Collateral Weighted Average Maturity Years | Agency | Weighted Average | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	25	20
Collateral Weighted Average Maturity Years | Non-Agency | Weighted Average | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	16	25
Collateral Weighted Average Maturity Years | Non-Agency | Weighted Average | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	25	26
Collateral Weighted Average Maturity Years | Ginnie Mae | Weighted Average | MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	27
Collateral Weighted Average Maturity Years | Ginnie Mae | Weighted Average | Mortgage Servicing Rights Financing Receivable
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs		27
Collateral Weighted Average Maturity Years | Directly Held | Weighted Average | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	22	23
Collateral Weighted Average Maturity Years | Directly Held | Agency | Weighted Average | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	20	21
Collateral Weighted Average Maturity Years | Directly Held | Agency | Weighted Average | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	23	24
Collateral Weighted Average Maturity Years | Directly Held | Agency | Weighted Average | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	21	22
Collateral Weighted Average Maturity Years | Directly Held | Non-Agency | Weighted Average | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	24	24
Collateral Weighted Average Maturity Years | Directly Held | Non-Agency | Weighted Average | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	23	24
Collateral Weighted Average Maturity Years | Directly Held | Non-Agency | Weighted Average | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	24	24
Collateral Weighted Average Maturity Years | Held through Equity Method Investees | Weighted Average | Excess MSRs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	20	21
Collateral Weighted Average Maturity Years | Held through Equity Method Investees | Agency | Weighted Average | Original Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	19	20
Collateral Weighted Average Maturity Years | Held through Equity Method Investees | Agency | Weighted Average | Recaptured Pools
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	22	23

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) $ in Millions	Sep. 05, 2019USD ($)earnout_payment	Sep. 03, 2019USD ($)	Jul. 03, 2018USD ($)earnout_payment	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment					$ 14.4
Minimum
Schedule of Equity Method Investments [Line Items]
Recapture rate, term (in months)				3 months
Broker price discount				10.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Recapture rate, term (in months)				6 months
Broker price discount				25.00%
Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment				$ (0.6)
Real Estate Acquired in Satisfaction of Debt
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment					3.1
Residential Mortgage Loans
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment				$ (20)
Loans Held-for-sale
Schedule of Equity Method Investments [Line Items]
Assets, fair value adjustment					$ 11.3
Maturity Greater than 30 Days
Schedule of Equity Method Investments [Line Items]
Days delinquent (in days)				30 days
Mortgage Servicing Rights Financing Receivable
Schedule of Equity Method Investments [Line Items]
Discount rate				8.90%	10.30%
MSRs
Schedule of Equity Method Investments [Line Items]
Discount rate				7.80%	8.70%
MSRs | Excess MSRs Investees
Schedule of Equity Method Investments [Line Items]
Discount rate				7.80%	8.80%
Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis				$ 1,242.2	$ 764.1
Nonrecurring | Residential Mortgage Loans Held-for-sale Carried At Lower Cost Or Market
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis				1,189.5
Nonrecurring | Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis				$ 52.7
Nonrecurring | Real Estate Securities
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis					689.1
Nonrecurring | Real Estate Acquired in Satisfaction of Debt
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis					$ 75
LIBOR | Mortgage Servicing Rights Financing Receivable
Schedule of Equity Method Investments [Line Items]
Variable interest rate spread				1.80%
Shellpoint Acquisition
Schedule of Equity Method Investments [Line Items]
Earnout payment payments | earnout_payment			3
Contingent consideration, high			$ 60
Cash consideration			212.3
Contingent consideration, discount rate	11.00%
Guardian Acquisition
Schedule of Equity Method Investments [Line Items]
Earnout payment payments | earnout_payment	4
Contingent consideration, high		$ 17.5
Cash consideration		7.6
Contingent consideration, discount rate	11.00%
NRM Acquisition LLC | Shellpoint Acquisition
Schedule of Equity Method Investments [Line Items]
Contingent consideration, high			60
Cash consideration			$ 212.3
NRZ Guardian Purchaser LLC | Guardian Acquisition
Schedule of Equity Method Investments [Line Items]
Contingent consideration, high		17.5
Cash consideration		$ 7.6
Shellpoint Partners LLC | NRM Acquisition LLC | Shellpoint Acquisition
Schedule of Equity Method Investments [Line Items]
Cash consideration	$ 10

FAIR VALUE MEASUREMENT - Inputs

FAIR VALUE MEASUREMENT - Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	1.40%	1.40%
Mortgage Servicing Amount (bps)	0.00196	0.00196
Cost to service amount	0.101%	0.096%
Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.106	0.109
Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.157	0.177
Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Significant Inputs	0.053	0.059
Collateral Weighted Average Maturity Years | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Weighted Average Maturity (in years)	22 years 10 months 24 days	23 years 4 months 24 days

FAIR VALUE MEASUREMENT - Securi

FAIR VALUE MEASUREMENT - Securities Valuation Methodology and Results (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)source	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	$ 36,159,591	$ 22,152,845
Amortized Cost Basis	18,782,175	11,212,428
Real estate and other securities, available-for-sale	$ 19,477,728	11,636,581
Number of broker quotation sources | source	2
Percentage of instruments with ranges of assumptions used available	67.70%
Fair Value	$ 659,738
Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	11,301,603	2,613,395
Amortized Cost Basis	11,474,338	2,657,917
Real estate and other securities, available-for-sale	11,519,943	2,665,618
Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	24,857,988	19,539,450
Amortized Cost Basis	7,307,837	8,554,511
Real estate and other securities, available-for-sale	7,957,785	8,970,963
Fair Value	5,389,502
Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	19,473,516	11,625,463
Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	4,212	11,118
Single Quote | Seller
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	700	11,100
Level 2 | Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	11,519,943	2,665,618
Level 2 | Multiple Quotes | Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	11,519,943	2,665,618
Level 2 | Single Quote | Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	0	0
Level 3 | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	7,957,785	8,970,963
Level 3 | Multiple Quotes | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	7,953,573	8,959,845
Level 3 | Single Quote | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale	$ 4,212	$ 11,118
Discount Rate | Minimum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.0182
Discount Rate | Maximum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.1784
Prepayment Rate | Minimum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.005
Prepayment Rate | Maximum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.230
CDR | Minimum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.002
CDR | Maximum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.0700
Loss Severity | Minimum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	0.150
Loss Severity | Maximum | Non-Agency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement Input	1

FAIR VALUE MEASUREMENT - Inpu_2

FAIR VALUE MEASUREMENT - Inputs Used in Valuing Investments (Details) $ in Thousands	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, fair value	$ 659,738
Nonrecurring | Fair Value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans receivable, fair value	1,189,507	$ 689,075
Nonrecurring | Fair Value | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans receivable, fair value	707,106	307,135
Nonrecurring | Fair Value | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans receivable, fair value	$ 482,401	$ 381,940
Discount Rate | Nonrecurring
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.047	0.050
Discount Rate | Nonrecurring | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.042	0.044
Discount Rate | Nonrecurring | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.055	0.055
Prepayment Rate | Nonrecurring
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.082	0.063
Prepayment Rate | Nonrecurring | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.117	0.105
Prepayment Rate | Nonrecurring | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.030	0.029
Collateral Weighted Average Maturity Years | Nonrecurring
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	3 years 8 months 12 days	3 years 6 months
Collateral Weighted Average Maturity Years | Nonrecurring | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	4 years 1 month 6 days	4 years
Collateral Weighted Average Maturity Years | Nonrecurring | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	3 years 1 month 6 days	3 years 1 month 6 days
CDR | Nonrecurring | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.026	0.030
CDR | Nonrecurring | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.029	0.028
Loss Severity | Nonrecurring
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.284	0.314
Loss Severity | Nonrecurring | Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.273	0.332
Loss Severity | Nonrecurring | Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.300	0.300
Total Residential Mortgage Loans, held-for-sale, at fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, fair value	$ 3,514,382
Residential Mortgage Loans Held-for-Investment, At Fair Value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans, held-for-investment, fair value	$ 484,443
Residential Mortgage Loans Held-for-Investment, At Fair Value | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans, held-for-investment, measurement input	0.055
Residential Mortgage Loans Held-for-Investment, At Fair Value | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans, held-for-investment, measurement input	0.062
Residential Mortgage Loans Held-for-Investment, At Fair Value | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans, held-for-investment, measurement input	0.040
Residential Mortgage Loans Held-for-Investment, At Fair Value | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans, held-for-investment, measurement input	0.355
IRLCs
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Derivative, fair value	$ 39,891
Minimum | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.0258
Minimum | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.045
Minimum | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0
Minimum | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.30
Minimum | IRLCs | Loan Funding Probability
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Derivative, Measurement Input	0.43
Minimum | IRLCs | Initial Servicing Rights
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Derivative, Measurement Input	0.000625
Maximum | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.075
Maximum | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.15
Maximum | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.04
Maximum | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage-backed securities, measurement input	0.95
Maximum | IRLCs | Loan Funding Probability
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Derivative, Measurement Input	1
Maximum | IRLCs | Initial Servicing Rights
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Derivative, Measurement Input	0.0327
Acquired Loans | Total Residential Mortgage Loans, held-for-sale, at fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, fair value	$ 3,024,288
Acquired Loans | Total Residential Mortgage Loans, held-for-sale, at fair value | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.040
Acquired Loans | Total Residential Mortgage Loans, held-for-sale, at fair value | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.075
Acquired Loans | Total Residential Mortgage Loans, held-for-sale, at fair value | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.027
Acquired Loans | Total Residential Mortgage Loans, held-for-sale, at fair value | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.276
Acquired Loans | Minimum | Total Residential Mortgage Loans, held-for-sale, at fair value | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.030
Acquired Loans | Minimum | Total Residential Mortgage Loans, held-for-sale, at fair value | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.060
Acquired Loans | Minimum | Total Residential Mortgage Loans, held-for-sale, at fair value | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0
Acquired Loans | Minimum | Total Residential Mortgage Loans, held-for-sale, at fair value | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0
Acquired Loans | Maximum | Total Residential Mortgage Loans, held-for-sale, at fair value | Discount Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.0450
Acquired Loans | Maximum | Total Residential Mortgage Loans, held-for-sale, at fair value | Prepayment Rate
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.170
Acquired Loans | Maximum | Total Residential Mortgage Loans, held-for-sale, at fair value | CDR
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.025
Acquired Loans | Maximum | Total Residential Mortgage Loans, held-for-sale, at fair value | Loss Severity
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, measurement input	0.600
Originated Loans | Total Residential Mortgage Loans, held-for-sale, at fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans held-for-sale, fair value	$ 490,094

CONSOLIDATED VARIABLE INTERES_3

CONSOLIDATED VARIABLE INTEREST ENTITIES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
VIE, consolidated
Variable Interest Entity [Line Items]
New Residential Interest in Investees	73.20%
Capital distributed to third-party co-investors	$ 327.8
Capital distributed to New Residential	$ 305.2
Consumer Loan SPVs
Variable Interest Entity [Line Items]
Owner interest	53.50%

CONSOLIDATED VARIABLE INTERES_4

CONSOLIDATED VARIABLE INTEREST ENTITIES - Variable Interest Entities, Characteristics (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Number of days delinquent (in days)	30 days
SAFT 2013-1 Securitization Entity | VIE, consolidated
Variable Interest Entity [Line Items]
UPB of Underlying Mortgages		$ 19,590,978	$ 7,818,221
Weighted average delinquency		1.25%	1.97%
Net credit losses		$ 9,354	$ 9,101
Face amount of debt held by third parties		17,946,939	6,783,187
Carrying value of bonds retained by New Residential		1,656,712	1,206,402
Cash flows received by New Residential on these bonds		$ 270,739	$ 178,301
Number of days delinquent (in days)		60 days

CONSOLIDATED VARIABLE INTERES_5

CONSOLIDATED VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - VIE, consolidated - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Servicer advance investments, at fair value	$ 565,271	$ 713,239
Residential mortgage loans, held-for-investment, at fair value	913,030	121,319
Consumer loans, held-for-investment	818,943	1,039,480
Cash and cash equivalents	53,867	47,179
Restricted cash	14,423	17,995
Servicer advances receivable		0
Other assets	22,913	18,659
Total Assets	2,388,447	1,957,871
Liabilities
Notes and bonds payable	1,913,696	1,703,484
Accounts payable and accrued expenses	20,038	8,538
Total Liabilities	1,933,734	1,712,022
The Buyer
Assets
Servicer advance investments, at fair value	565,271	713,239
Residential mortgage loans, held-for-investment, at fair value	0	0
Consumer loans, held-for-investment	0	0
Cash and cash equivalents	30,065	29,833
Restricted cash	5,350	7,809
Servicer advances receivable		0
Other assets	2,414	2,414
Total Assets	603,100	753,295
Liabilities
Notes and bonds payable	433,300	556,340
Accounts payable and accrued expenses	1,593	2,442
Total Liabilities	434,893	558,782
Shelter Joint Ventures
Assets
Servicer advance investments, at fair value	0	0
Residential mortgage loans, held-for-investment, at fair value	0	0
Consumer loans, held-for-investment	0	0
Cash and cash equivalents	23,802	17,346
Restricted cash	0	0
Servicer advances receivable		0
Other assets	3,556	618
Total Assets	27,358	17,964
Liabilities
Notes and bonds payable	0	0
Accounts payable and accrued expenses	4,187	2,282
Total Liabilities	4,187	2,282
Residential Mortgage Loans
Assets
Servicer advance investments, at fair value	0	0
Residential mortgage loans, held-for-investment, at fair value	913,030	121,319
Consumer loans, held-for-investment	0	0
Cash and cash equivalents	0	0
Restricted cash	0	0
Servicer advances receivable		0
Other assets	4,534	0
Total Assets	917,564	121,319
Liabilities
Notes and bonds payable	659,738	117,048
Accounts payable and accrued expenses	10,132	0
Total Liabilities	669,870	117,048
Consumer Loan SPVs
Assets
Servicer advance investments, at fair value	0	0
Residential mortgage loans, held-for-investment, at fair value	0	0
Consumer loans, held-for-investment	818,943	1,039,480
Cash and cash equivalents	0	0
Restricted cash	9,073	10,186
Servicer advances receivable		0
Other assets	12,409	15,627
Total Assets	840,425	1,065,293
Liabilities
Notes and bonds payable	820,658	1,030,096
Accounts payable and accrued expenses	4,126	3,814
Total Liabilities	$ 824,784	$ 1,033,910

CONSOLIDATED VARIABLE INTERES_6

CONSOLIDATED VARIABLE INTEREST ENTITIES - Others' Interest in Equity of Consumer Loan Companies (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Total consolidated equity	$ 7,236,260				$ 6,088,295				$ 7,236,260	$ 6,088,295	$ 4,796,162	$ 3,468,177
Others’ interest in equity of consolidated subsidiary	78,550				90,625				78,550	90,625
Net income (loss)	230,381	$ 244,660	$ (25,020)	$ 155,912	8,854	$ 195,477	$ 185,836	$ 614,364	605,933	1,004,531	1,014,652
Noncontrolling Interests in Income of Consolidated Subsidiaries	10,658	$ 14,738	$ 6,923	$ 10,318	8,506	$ 10,869	$ 11,078	$ 10,111	$ 42,637	40,564	57,119
VIE, consolidated
Noncontrolling Interest [Line Items]
New Residential Interest in Investees									73.20%
VIE, consolidated | Advance Purchaser LLC
Noncontrolling Interest [Line Items]
Total consolidated equity	168,207				194,513				$ 168,207	194,513
Others’ interest in equity of consolidated subsidiary	45,025				52,066				45,025	52,066
Net income (loss)									15,892	7,209	23,604
Noncontrolling Interests in Income of Consolidated Subsidiaries									4,255	1,978	11,227
VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Total consolidated equity	23,171				15,682				23,171	15,682
Others’ interest in equity of consolidated subsidiary	11,354				7,998				11,354	7,998
Net income (loss)									12,717	3,135	0
Noncontrolling Interests in Income of Consolidated Subsidiaries									6,231	1,599	0
VIE, consolidated | Consumer Loan SPVs
Noncontrolling Interest [Line Items]
Total consolidated equity	46,510				66,105				46,510	66,105
Others’ interest in equity of consolidated subsidiary	$ 22,171				$ 30,561				22,171	30,561
Net income (loss)									69,143	79,539	98,692
Noncontrolling Interests in Income of Consolidated Subsidiaries									$ 32,151	$ 36,987	$ 45,892
VIE, consolidated | Advance Purchaser LLC
Noncontrolling Interest [Line Items]
Others’ ownership interest	26.80%				26.80%				26.80%	26.80%
New Residential Interest in Investees									73.20%	72.60%	52.40%
VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Others’ ownership interest	49.00%				51.00%				49.00%	51.00%
VIE, consolidated | Consumer Loan SPVs
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%				46.50%				46.50%	46.50%
Weighted Average | VIE, consolidated | Advance Purchaser LLC
Noncontrolling Interest [Line Items]
Others’ ownership interest	26.80%				27.40%				26.80%	27.40%	47.60%
Weighted Average | VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Others’ ownership interest	49.00%				51.00%				49.00%	51.00%	0.00%
Weighted Average | VIE, consolidated | Consumer Loan SPVs
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%				46.50%				46.50%	46.50%	46.50%

EQUITY AND EARNINGS PER SHARE -

EQUITY AND EARNINGS PER SHARE - Narrative (Details) $ / shares in Units, $ in Thousands	Dec. 16, 2019USD ($)$ / shares	Sep. 23, 2019USD ($)$ / shares	Aug. 15, 2019USD ($)$ / sharesshares	Aug. 01, 2019USD ($)	Jul. 02, 2019USD ($)$ / sharesshares	Jan. 01, 2019shares	Jul. 30, 2018USD ($)$ / shares	Jan. 01, 2018shares	Jan. 01, 2017shares	Jan. 01, 2016shares	Jan. 01, 2014shares	Dec. 31, 2019$ / sharesshares	Feb. 28, 2019USD ($)$ / sharesshares	Dec. 31, 2018$ / sharesshares	Nov. 30, 2018USD ($)$ / sharesshares	Jan. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017$ / shares	Feb. 28, 2017USD ($)employee$ / sharesshares	Dec. 31, 2019$ / sharesshares	Sep. 30, 2019$ / shares	Jun. 30, 2019$ / shares	Mar. 31, 2019$ / shares	Dec. 31, 2018$ / sharesshares	Sep. 30, 2018$ / shares	Jun. 30, 2018$ / shares	Mar. 31, 2018$ / shares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Aug. 20, 2019USD ($)
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, shares authorized (in shares)												2,000,000,000		2,000,000,000					2,000,000,000				2,000,000,000				2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share) | $ / shares												$ 0.01		$ 0.01					$ 0.01				$ 0.01				$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)												100,000,000							100,000,000								100,000,000
Preferred stock, par values (in dollars per share) | $ / shares												$ 0.01		0.01					$ 0.01				0.01				$ 0.01	$ 0.01
Issuance stock (in shares)													46,000,000		28,800,000	28,800,000
Share price (in dollars per share) | $ / shares													$ 16.50		$ 17.32	$ 17.10
Proceeds from issuance of common stock | $													$ 751,700		$ 489,200	$ 482,300		$ 834,500									$ 752,217	$ 983,149	$ 835,465
Options granted to Manager (in shares)															2,900,000	2,900,000
Fair value of options granted to Manager | $															$ 3,800	$ 3,800
Risk-free interest rate															3.25%	2.58%		2.38%
Dividend yield															8.61%	9.86%		10.82%
Volatility															17.50%	23.16%		28.64%
Term (in years)															10 years	10 years		10 years
Aggregate offering price | $			$ 273,400		$ 150,000
Shares sold (in shares)			11,300,000		6,200,000
Options granted (in shares)																											6,352,000	5,799,166
Risk free interest rate			1.56%		1.91%
Expected dividend rate			11.20%		9.73%
Expected volatility rate			18.23%		17.95%
Expected term (in years)			10 years		10 years
Issuance of common stock | $																												$ 982,062	$ 834,529
Dividends declared per Share of Common Stock (in dollars per share) | $ / shares	$ 0.50											$ 0.50		$ 0.50			$ 0.50		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 2	$ 2	$ 1.98
Common stock, shares outstanding (in shares)												415,520,780		369,104,429					415,520,780				369,104,429				415,520,780	369,104,429
Stock repurchase program, authorized amount | $																														$ 200,000
Reserved shares of common stock for issuance (in shares)												15,000,000							15,000,000								15,000,000
Stock option plan term (in years)																											10 years
Yearly increase in number of shares available for options												10.00%							10.00%								10.00%
Number of additional shares authorized (in shares)						4,600,000		5,799,166	5,654,578	2,000,000	0
Threshold percentage for options that may be issued to the Manager												10.00%							10.00%								10.00%
Stock options outstanding (in shares)												12,808,916							12,808,916								12,808,916
Share price (in dollars per share) | $ / shares												$ 16.11							$ 16.11								$ 16.11
Shares of dilutive common stock equivalents (in shares)																											200,465	1,868,438	2,143,323
Executive Officer
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of employees | employee																		1
Fortress-managed funds
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, shares outstanding (in shares)												2,400,000							2,400,000								2,400,000
Stock options outstanding (in shares)												10,500,000							10,500,000								10,500,000
Director
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options outstanding (in shares)												7,000		6,000					7,000				6,000				7,000	6,000
Director | Equity Option
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options outstanding (in shares)												7,000							7,000								7,000
Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance stock (in shares)																		56,500,000
Share price (in dollars per share) | $ / shares																		$ 15
Options granted to Manager (in shares)																		5,700,000
Fair value of options granted to Manager | $																		$ 8,100
Issuance of common stock | $																											$ 751,393
Common Stock | Executive Officer
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance stock (in shares)																		18,600
7.50% Series A Preferred Stock, $0.01 par value, 11,500,000 shares authorized, 6,210,000 and 0 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Preferred stock, shares authorized (in shares)												11,500,000		11,500,000					11,500,000				11,500,000				11,500,000	11,500,000
Preferred stock, par values (in dollars per share) | $ / shares					$ 0.01							$ 0.01		$ 0.01					$ 0.01				$ 0.01				$ 0.01	$ 0.01
Dividend interest rate					7.50%																						7.50%	7.50%
Preferred stock, liquidation preference per share | $ / shares					$ 25
Preferred stock, dividends (USD per share) | $ / shares	$ 0.47	$ 0.69
Dividends on preferred stock | $	$ 2,900	$ 4,300
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Preferred stock, shares authorized (in shares)												11,500,000		11,500,000					11,500,000				11,500,000				11,500,000	11,500,000
Preferred stock, par values (in dollars per share) | $ / shares			$ 0.01									$ 0.01		$ 0.01					$ 0.01				$ 0.01				$ 0.01	$ 0.01
Dividend interest rate			7.125%																								7.125%	7.125%
Preferred stock, liquidation preference per share | $ / shares			$ 25
Preferred stock, dividends (USD per share) | $ / shares	$ 0.45	$ 0.45
Dividends on preferred stock | $	$ 5,000	$ 5,000
Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance stock (in shares)																												57,991,659	56,545,787
Issuance of common stock | $																												$ 580	$ 566
Common Stock | Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance stock (in shares)																											46,000,000
Issuance of common stock | $																											$ 460
Distribution Agreement
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, par value (in dollars per share) | $ / shares							$ 0.01
Distribution Agreement | Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate offering price | $				$ 500,000			$ 500,000																					$ 9,100
Shares sold (in shares)																												500,000
Options granted (in shares)																												50,000
Fair value of grants | $																												$ 100
Over-Allotment Option
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares sold (in shares)			1,100,000		600,000
Issuance of common stock | $			$ 700		$ 500
Share-based Payment Arrangement, Nonemployee
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options granted (in shares)													4,600,000
Stock issued for services, value (usd per share) | $ / shares													$ 3,800,000
Risk free interest rate													2.40%
Expected dividend rate													9.30%
Expected volatility rate													19.26%
Expected term (in years)													10 years

EQUITY AND EARNINGS PER SHARE_2

EQUITY AND EARNINGS PER SHARE - Common Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 16, 2019	Sep. 23, 2019	Jun. 18, 2019	Mar. 25, 2019	Dec. 20, 2018	Sep. 20, 2018	Jun. 21, 2018	Mar. 22, 2018	Dec. 18, 2017	Sep. 22, 2017	Jun. 21, 2017	Jan. 26, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Dividends Payable [Line Items]
Dividends declared per share of common stock (in dollars per share)	$ 0.50												$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 2	$ 2	$ 1.98
Total Amounts Distributed (millions)	$ 207.8	$ 207.8	$ 207.8	$ 207.7	$ 184.6	$ 170.2	$ 169.9	$ 168.1	$ 153.7	$ 153.7	$ 153.7	$ 147.5
Quarterly Dividend
Dividends Payable [Line Items]
Dividends declared per share of common stock (in dollars per share)	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.48

EQUITY AND EARNINGS PER SHARE_3

EQUITY AND EARNINGS PER SHARE - Outstanding Options (Details) - shares	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	12,808,916
Held by the Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	10,511,167	6,961,222
Issued to the Manager and subsequently assigned to certain of the Manager’s employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	2,290,749	1,530,916
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	7,000	6,000
Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	12,808,916	8,498,138

EQUITY AND EARNINGS PER SHARE_4

EQUITY AND EARNINGS PER SHARE - Outstanding Options by Recipient (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	12,808,916
Options exercisable (in shares)	4,791,215
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	7,000	6,000
Stock Options | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	7,000
Options exercisable (in shares)	7,000
Weighted average exercise price (in dollars per share)	$ 13.61
Intrinsic value of exercisable options	$ 0
Stock Options | Manager | 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,130,916
Options exercisable (in shares)	0
Weighted average exercise price (in dollars per share)	$ 14.09
Intrinsic value of exercisable options	$ 2.3
Stock Options | Manager | 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	5,320,000
Options exercisable (in shares)	2,996,715
Weighted average exercise price (in dollars per share)	$ 16.79
Intrinsic value of exercisable options	$ 0
Stock Options | Manager | 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	6,351,000
Options exercisable (in shares)	1,787,500
Weighted average exercise price (in dollars per share)	$ 16.35
Intrinsic value of exercisable options	$ 0

EQUITY AND EARNINGS PER SHARE_5

EQUITY AND EARNINGS PER SHARE - Options Assigned (Details)	Dec. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	12,808,916
2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise prices (in dollars per share) | $ / shares	$ 14.09
Stock options outstanding (in shares)	1,130,916
2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	1,159,833
Options Assigned
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	2,290,749
Minimum | 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise prices (in dollars per share) | $ / shares	$ 16.68
Maximum | 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of exercise prices (in dollars per share) | $ / shares	$ 18.15

EQUITY AND EARNINGS PER SHARE_6

EQUITY AND EARNINGS PER SHARE - Activity in Outstanding Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, Outstanding options (in shares)	8,498,138	18,502,188
Options granted (in shares)	6,352,000	5,799,166
Options exercised (in shares)	(2,041,222)	(15,803,216)
Options expired unexercised (in shares)	0	0
Ending balance, Outstanding options (in shares)	12,808,916	8,498,138
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, options granted (in dollars per share)	$ 16.20	$ 17.23
Weighted average exercise price, options exercised (in dollars per share)	$ 13.88	$ 14.30

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Representation and warranties		$ 12,500
Residential mortgage loan repurchase liability		172,336	$ 121,602
Operating lease liability		38,520	$ 0
New Penn
Loss Contingencies [Line Items]
Committed to fund		4,043,900
Forward loan sale commitments		43,700
Consumer Loan SPVs | Consumer Portfolio Segment | Unfunded Loan Commitment
Loss Contingencies [Line Items]
Loans of unfunded and available revolving credit privileges		272,100
Shellpoint Acquisition
Loss Contingencies [Line Items]
Future commitments under non-cancelable leases		46,200
Ditech Acquisition
Loss Contingencies [Line Items]
Future commitments under non-cancelable leases		$ 20,400
Forecast
Loss Contingencies [Line Items]
Sublease income	$ 1,900
Minimum
Loss Contingencies [Line Items]
Leases, discount rate		400.00%
Maximum
Loss Contingencies [Line Items]
Leases, discount rate		500.00%

TRANSACTIONS WITH AFFILIATES _3

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2019
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
Manager
Related Party Transaction [Line Items]
Management fee rate (percent)	1.50%
Incentive compensation percentage	25.00%
Interest rate for incentive compensation	10.00%

TRANSACTIONS WITH AFFILIATES _4

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Schedule of Affiliate Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Due to Related Parties [Abstract]
Total	$ 103,882	$ 101,471
Management fees	79,472	62,594	$ 55,634
Incentive compensation	91,892	94,900	81,373
Manager
Due to Related Parties [Abstract]
Management fees	7,076	5,779
Incentive compensation	91,892	94,900
Expense reimbursements and other	4,914	792
Total	103,882	101,471
Management fees	79,472	62,594	55,634
Incentive compensation	91,892	94,900	81,373
Expense reimbursements	500	500	500
Total	$ 171,864	$ 157,994	$ 137,507

RECLASSIFICATION FROM ACCUMUL_3

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other-than-temporary impairment (OTTI) on securities	$ (3,232)	$ (5,567)	$ (8,859)	$ (7,516)	$ (6,827)	$ (3,889)	$ (12,631)	$ (6,670)	$ (25,174)	$ (30,017)	$ (10,334)
Net income (loss)	$ 230,381	$ 244,660	$ (25,020)	$ 155,912	$ 8,854	$ 195,477	$ 185,836	$ 614,364	605,933	1,004,531	1,014,652
Allocation of income tax expense to other comprehensive income									4,200
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)									(180,815)	59,953	(10,308)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on settlement of investments, net									(205,989)	29,936	(20,642)
Other-than-temporary impairment (OTTI) on securities									$ 25,174	$ 30,017	$ 10,334

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal									$ 148	$ 6,146	$ (1,250)
State and Local									3,411	477	360
Total Current Income Tax Expense (Benefit)									3,559	6,623	(890)
Deferred:
Federal									28,939	(68,907)	148,997
State and Local									9,268	(11,147)	19,521
Total Deferred Income Tax Expense (Benefit)									38,207	(80,054)	168,518
Total Income Tax (Benefit) Expense	$ 22,786	$ (5,440)	$ (21,577)	$ 45,997	$ (67,474)	$ 3,563	$ (2,608)	$ (6,912)	$ 41,766	$ (73,431)	$ 167,628

INCOME TAXES - Schedule of Repo

INCOME TAXES - Schedule of Reported Provision for Income Taxes and the U.S. Federal Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provision at the statutory rate	21.00%	21.00%	35.00%
Non-taxable REIT income	(16.26%)	(25.44%)	(21.72%)
State and local taxes	2.36%	(1.19%)	1.76%
Change in valuation allowance	0.00%	(2.31%)	0.85%
Change in federal tax rate	0.00%	0.00%	(0.92%)
Other	0.66%	(0.30%)	(0.17%)
Total provision	7.76%	(8.24%)	14.80%

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating losses and tax credit carryforwards	$ 79,897	$ 41,713
Basis differences for REO and other assets	16,279	8,453
Unrealized mark to market	10,084	36,758
Other	1,194	3,087
Total deferred tax assets	107,454	90,011
Less valuation allowance	0	0
Net deferred tax assets	107,454	90,011
Deferred tax liabilities:
Mortgage servicing rights	(65,582)	0
Basis difference for partnership and other investments	(29,022)	(24,179)
Fixed asset depreciation	(4,181)	0
Total deferred tax liability	(98,785)	(24,179)
Net deferred tax assets (liability)	8,669	$ 65,832
Taxable REIT Subsidiaries
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	328,000
Net operating loss carryforward that will being to expire in 2034	$ 9,100

INCOME TAXES - Schedule of Taxa

INCOME TAXES - Schedule of Taxable Common Stock Distributions (Details) - $ / shares	Dec. 16, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Dividends per share (in dollars per share)													$ 1.87	$ 1.60	$ 1.94
Ordinary Income													77.53%	78.03%	66.64%
Long-term Capital Gain													15.82%	1.03%	7.83%
Return of Capital													6.65%	20.94%	25.53%
Dividends declared per share of common stock (in dollars per share)	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 2	$ 2	$ 1.98
Series A Preferred Stock
Dividends per share (in dollars per share)													$ 0.69
Ordinary Income													84.18%
Long-term Capital Gain													15.82%
Return of Capital													0.00%
Series B Preferred Stock
Dividends per share (in dollars per share)													$ 0.45
Ordinary Income													84.18%
Long-term Capital Gain													15.82%
Return of Capital													0.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 11, 2020	Jan. 31, 2020	Jan. 25, 2020	Dec. 16, 2019	Aug. 15, 2019	Jul. 02, 2019	Dec. 31, 2019	Dec. 31, 2018	Nov. 30, 2018	Jan. 31, 2018	Dec. 31, 2017	Feb. 28, 2017	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Dividends declared per share of common stock (in dollars per share)				$ 0.50			$ 0.50	$ 0.50			$ 0.50		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 2	$ 2	$ 1.98
Dividends per share (in dollars per share)																					$ 1.87	$ 1.60	$ 1.94
Dividends																					$ 807,788	$ 661,859	$ 570,232
Issuance stock (in shares)					11,300,000	6,200,000
Preferred stock, par values (in dollars per share)							$ 0.01	$ 0.01					$ 0.01				$ 0.01				$ 0.01	$ 0.01
Issuance of common stock					$ 273,400	$ 150,000
Options granted to Manager (in shares)									2,900,000	2,900,000
Fair value of options granted to Manager									$ 3,800	$ 3,800
Risk-free interest rate									3.25%	2.58%		2.38%
Dividend yield									8.61%	9.86%		10.82%
Volatility									17.50%	23.16%		28.64%
Term (in years)									10 years	10 years		10 years
Subsequent Event
Subsequent Event [Line Items]
Dividends per share (in dollars per share)			$ 0.50
Dividends		$ 207,800
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | Subsequent Event
Subsequent Event [Line Items]
Issuance stock (in shares)	14,000,000
Dividend interest rate	6.375%
Preferred stock, par values (in dollars per share)	$ 0.01
Preferred stock, liquidation preference per share	$ 25
Issuance of common stock	$ 338,700
Options granted to Manager (in shares)	1,400,000
Fair value of options granted to Manager	$ 1,000
Risk-free interest rate	1.55%
Dividend yield	9.00%
Volatility	17.39%
Term (in years)	10 years

SUMMARY QUARTERLY CONSOLIDATE_3

SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 16, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Interest income					$ 463,089	$ 448,127	$ 416,047	$ 438,867	$ 451,321	$ 425,524	$ 403,805	$ 383,573	$ 1,766,130	$ 1,664,223	$ 1,519,679
Interest expense					247,013	245,902	228,004	212,832	185,324	162,806	133,916	124,387	933,751	606,433	460,865
Net Interest Income					216,076	202,225	188,043	226,035	265,997	262,718	269,889	259,186	832,379	1,057,790	1,058,814
Impairment
Other-than-temporary impairment (OTTI) on securities					3,232	5,567	8,859	7,516	6,827	3,889	12,631	6,670	25,174	30,017	10,334
Valuation and loss provision (reversal) on loans and real estate owned					2,361	(10,690)	13,452	5,280	32,488	5,471	3,658	19,007	10,403	60,624	75,758
Total Impairment Charges					5,593	(5,123)	22,311	12,796	39,315	9,360	16,289	25,677	35,577	90,641	86,092
Net interest income after impairment					210,483	207,348	165,732	213,239	226,682	253,358	253,600	233,509	796,802	967,149	972,722
Servicing revenue, net of change in fair value of $(712,950), $(191,245), and $(67,672), respectively					251,793	53,050	(85,537)	165,853	(10,189)	175,355	146,193	217,236	385,159	528,595	424,349
Gain on originated mortgage loans, held-for-sale, net					180,520	126,747	101,018	67,170	49,091	47,054	0	0	475,455	96,145	0
Other income (loss)					(53,826)	102,640	(25,947)	(63,966)	(134,477)	(84,620)	(96,812)	264,524	(41,099)	(51,385)	207,786
Operating expenses					335,803	250,565	201,863	180,387	189,727	192,107	119,753	107,817	968,618	609,404	422,577
Income (Loss) Before Income Taxes					253,167	239,220	(46,597)	201,909	(58,620)	199,040	183,228	607,452	647,699	931,100	1,182,280
Income tax (benefit) expense					22,786	(5,440)	(21,577)	45,997	(67,474)	3,563	(2,608)	(6,912)	41,766	(73,431)	167,628
Net Income (Loss)					230,381	244,660	(25,020)	155,912	8,854	195,477	185,836	614,364	605,933	1,004,531	1,014,652
Noncontrolling Interests in Income of Consolidated Subsidiaries					10,658	14,738	6,923	10,318	8,506	10,869	11,078	10,111	42,637	40,564	57,119
Dividends on Preferred Stock					7,943	5,338	0	0					13,281	0	0
Net income (loss) attributable to common stockholders					$ 211,780	$ 224,584	$ (31,943)	$ 145,594	$ 348	$ 184,608	$ 174,758	$ 604,253	$ 550,015	$ 963,967	$ 957,533
Net Income (Loss) Per Share of Common Stock
Basic (in dollars per share)					$ 0.51	$ 0.54	$ (0.08)	$ 0.37	$ 0	$ 0.54	$ 0.52	$ 1.83	$ 1.35	$ 2.82	$ 3.17
Diluted (in dollars per share)					$ 0.51	$ 0.54	$ (0.08)	$ 0.37	$ 0	$ 0.54	$ 0.51	$ 1.81	$ 1.34	$ 2.81	$ 3.15
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)					415,520,780	415,520,780	415,463,757	388,279,931	358,044,646	340,044,440	336,311,253	330,384,856	408,789,642	341,268,923	302,238,065
Diluted (in shares)					415,673,185	415,588,238	415,665,460	388,601,075	358,509,094	340,868,403	339,538,503	333,380,436	408,990,107	343,137,361	304,381,388
Dividends declared per Share of Common Stock (in dollars per share)	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 2	$ 2	$ 1.98