Rithm Capital (RITM) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2020	May 08, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		415,649,214
Entity Central Index Key	0001556593
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Common Stock, $0.01 par value per share
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
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Trading Symbol	NRZ PR C
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value		$ 363,932	$ 379,747
Excess mortgage servicing rights, equity method investees, at fair value		119,609	125,596
Mortgage servicing rights, at fair value		3,934,384	3,967,960
Mortgage servicing rights financing receivables, at fair value		1,604,431	1,718,273
Servicer advance investments, at fair value	[1]	515,574	581,777
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)		2,479,603	19,477,728
Residential mortgage loans, held-for-investment (includes $824,183 and $484,443 at fair value at March 31, 2020 and December 31, 2019, respectively)	[1]	824,183	925,706
Residential mortgage loans		1,264,533	1,429,052
Residential mortgage loans, held-for-sale, at fair value		3,283,973	4,613,612
Consumer loans, held-for-investment ($780,821 and $0 held at fair value at March 31, 2020 and December 31, 2019, respectively)	[1]	780,821	827,545
Cash and cash equivalents	[1]	360,453	528,737
Restricted cash		147,435	162,197
Servicer advances receivable		3,072,863	3,301,374
Trades receivable		3,293,976	5,256,014
Deferred tax asset, net		176,238	8,669
Other assets (includes $197,715 and $172,336 in residential mortgage loan subject to repurchase at March 31, 2020 and December 31,2019, respectively)		1,971,467	1,559,467
Total assets		24,193,475	44,863,454
Liabilities
Repurchase agreements		10,814,130	27,916,225
Notes and bonds payable (includes $272,292 and $659,738 at fair value at March 31, 2020 and December 31, 2019, respectively)	[1]	7,014,579	7,720,148
Trades payable		20,913	902,081
Due to affiliates		17,216	103,882
Dividends payable		28,033	211,732
Accrued expenses and other liabilities (includes $197,715 and $172,336 in residential mortgage loans repurchase liabilities at March 31, 2020 and December 31,2019, respectively)	[1]	968,140	773,126
Total liabilities		18,863,011	37,627,194
Commitments and Contingencies
Equity
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 415,649,214 and 415,520,780 issued and outstanding at March 31, 2020 and December 31, 2019, respectively		4,157	4,156
Additional paid-in capital		5,500,308	5,498,226
Retained earnings (accumulated deficit)		(1,059,706)	549,733
Accumulated other comprehensive income (loss)		6,135	682,151
Total New Residential stockholders’ equity		5,263,886	7,157,710
Noncontrolling interests in equity of consolidated subsidiaries		66,578	78,550
Total equity		5,330,464	7,236,260
Liabilities and Equity		24,193,475	44,863,454
7.50% Series A Preferred Stock
Equity
Preferred Stock		150,026	150,026
7.125% Series B Preferred Stock
Equity
Preferred Stock		273,418	273,418
6.375% Series C Preferred Stock
Equity
Preferred Stock		$ 389,548	$ 0
[1]	See Note 13 regarding consolidated VIEs.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Real estate and other securities, available-for-sale, amortized cost	$ 2,591,656	$ 18,782,175
Real estate and other securities, available-for-sale, allowance for credit losses	44,149	0
Residential mortgage loans, held-for-investment, at fair value	824,183	484,443
Consumer loans, held-for-investment	780,821	0
Residential mortgage loans subject to repurchase	197,715	172,336
Notes and bonds payable, fair value	$ 272,292	$ 659,738
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	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)	415,649,214	415,520,780
Common stock, shares outstanding (in shares)	415,649,214	415,520,780
7.50% Series A Preferred Stock
Interest rate	7.50%	7.50%
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	11,500,000	11,500,000
Preferred stock, shares issued (in shares)	6,210,000	6,210,000
Preferred stock, shares outstanding (in shares)	6,210,000	6,210,000
7.125% Series B Preferred Stock
Interest rate	7.125%	7.125%
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	11,500,000	11,500,000
Preferred stock, shares issued (in shares)	11,300,000	11,300,000
Preferred stock, shares outstanding (in shares)	11,300,000	11,300,000
6.375% Series C Preferred Stock
Interest rate	6.375%	6.375%
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	16,100,000	16,100,000
Preferred stock, shares issued (in shares)	16,100,000	16,100,000
Preferred stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Interest income	$ 402,373	$ 438,867
Interest expense	216,855	212,832
Net interest income	185,518	226,035
Impairment
Provision (reversal) for credit losses on securities	44,149	7,516
Valuation and credit loss provision (reversal) on loans and real estate owned (“REO”)	100,496	5,280
Total impairment charges	144,645	12,796
Net interest income after impairment	40,873	213,239
Servicing revenue, net of change in fair value of $(649,375) and $(56,910), respectively	(289,115)	165,853
Gain on originated mortgage loans, held-for-sale, net	179,698	67,170
Other Income
Change in fair value of investments in excess mortgage servicing rights	(11,024)	4,627
Change in fair value of investments in excess mortgage servicing rights, equity method investees	(457)	2,612
Change in fair value of investments in mortgage servicing rights financing receivables	(104,111)	(36,379)
Change in fair value of servicer advance investments	(18,749)	7,903
Change in fair value of investments in real estate and other securities	(86,792)	6,679
Change in fair value of investments in residential mortgage loans	(265,244)	9,214
Change in fair value of derivative instruments	(39,982)	(25,760)
Gain (loss) on settlement of investments, net	(799,572)	(43,168)
Earnings from investments in consumer loans, equity method investees	0	4,311
Other income (loss), net	(76,730)	5,995
Total other income	(1,402,661)	(63,966)
Operating Expenses
General and administrative expenses	206,363	98,940
Management fee to affiliate	21,721	17,960
Incentive compensation to affiliate	0	12,958
Loan servicing expense	7,853	9,603
Subservicing expense	66,981	40,926
Total operating expenses	302,918	180,387
Income (loss) before income taxes	(1,774,123)	201,909
Income tax expense (benefit)	(166,868)	45,997
Net income (loss)	(1,607,255)	155,912
Noncontrolling Interests in Income of Consolidated Subsidiaries	(16,162)	10,318
Dividends on Preferred Stock	11,222	0
Net income (loss) attributable to common stockholders	$ (1,602,315)	$ 145,594
Net Income (Loss) Per Share of Common Stock
Basic (in dollars per share)	$ (3.86)	$ 0.37
Diluted (in dollars per share)	$ (3.86)	$ 0.37
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)	415,589,155	388,279,931
Diluted (in shares)	415,589,155	388,601,075
Dividend declared per Share of Common Stock (in dollars per share)	$ 0.05	$ 0.50

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Unaudited) (Parethentical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Servicing revenue, change in fair value	$ (649,375)	$ 56,910

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Comprehensive income (loss), net of tax
Net income (loss)	$ (1,607,255)	$ 155,912
Other comprehensive income (loss)
Net unrealized gain (loss) on securities	34,375	192,353
Reclassification of net realized (gain) loss on securities into earnings	(710,391)	(57,680)
Total other comprehensive income (loss)	(676,016)	134,673
Total comprehensive income (loss)	(2,283,271)	290,585
Comprehensive income (loss) attributable to noncontrolling interests	(16,162)	10,318
Dividends on preferred stock	11,222	0
Comprehensive income (loss) attributable to common stockholders	$ (2,278,331)	$ 280,267

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	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	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings (Accumulated Deficit)	Cumulative Effect, Period of Adoption, AdjustmentTotal New Residential Stockholders’ Equity	Cumulative Effect, Period of Adoption, AdjustmentNoncontrolling Interests in Equity of Consolidated Subsidiaries
Equity, beginning balance (in shares) at Dec. 31, 2018		0	369,104,429
Equity, beginning balance at Dec. 31, 2018	$ 6,088,295	$ 0	$ 3,692	$ 4,746,242	$ 830,713	$ 417,023	$ 5,997,670	$ 90,625
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock (in dollars per share)	(207,715)				(207,715)		(207,715)
Capital contributions	0
Capital distributions	(11,015)							(11,015)
Issuance of stock (in shares)			46,000,000
Issuance of stock	751,659		$ 460	751,199			751,659
Options exercise (in shares)			297,096
Option exercise			$ 3	(3)
Purchase of noncontrolling interests	0
Other dilution	0
Director share grants (in shares)			28,152
Director share grants	400			400			400
Comprehensive income (loss)
Net income (loss)	155,912				145,594		145,594	10,318
Net unrealized gain (loss) on securities	192,353					192,353	192,353
Reclassification of net realized (gain) loss on securities into earnings	(57,680)					(57,680)	(57,680)
Total comprehensive income (loss)	290,585						280,267	10,318
Equity, ending balance (in shares) at Mar. 31, 2019		0	415,429,677
Equity, ending balance at Mar. 31, 2019	6,912,209	$ 0	$ 4,155	5,497,838	768,592	551,696	6,822,281	89,928
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment for the adoption of ASU 2016-13	549,733															$ 30,453	$ 13,658	$ 13,658	$ 16,795
Equity, beginning balance (in shares) at Dec. 31, 2019		17,510,000	415,520,780
Equity, beginning balance at Dec. 31, 2019	7,236,260	$ 423,444	$ 4,156	5,498,226	549,733	682,151	7,157,710	78,550
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared on common stock (in dollars per share)	(20,782)				(20,782)		(20,782)
Dividends declared on preferred stock	(11,222)				(11,222)		(11,222)
Capital distributions	$ (12,605)							(12,605)
Issuance of stock (in shares)		16,100,000								97,394
Issuance of stock									$ 1,583	$ 1	$ 1,582	$ 1,583	$ 389,548	$ 389,548	$ 389,548
Options exercise (in shares)	0
Director share grants (in shares)			31,040
Director share grants	$ 500			500			500
Comprehensive income (loss)
Net income (loss)	(1,607,255)				(1,591,093)		(1,591,093)	(16,162)
Net unrealized gain (loss) on securities	34,375					34,375	34,375
Reclassification of net realized (gain) loss on securities into earnings	(710,391)					(710,391)	(710,391)
Total comprehensive income (loss)	(2,283,271)						(2,267,109)	(16,162)
Equity, ending balance (in shares) at Mar. 31, 2020		33,610,000	415,649,214
Equity, ending balance at Mar. 31, 2020	5,330,464	$ 812,992	$ 4,157	$ 5,500,308	$ (1,059,706)	$ 6,135	$ 5,263,886	$ 66,578
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment for the adoption of ASU 2016-13	$ (1,059,706)

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in dollars per share)	$ 0.05	$ 0.50

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows From Operating Activities
Net income	$ (1,607,255)	$ 155,912
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	11,024	(4,627)
Change in fair value of investments in excess mortgage servicing rights, equity method investees	457	(2,612)
Change in fair value of investments in mortgage servicing rights financing receivables	104,111	36,379
Change in fair value of servicer advance investments	18,749	(7,903)
Change in fair value of residential mortgage loans, at fair value, and notes and bonds payable, at fair value	248,202	(8,077)
Change in fair value of investments in real estate and other securities	86,792	(6,679)
(Gain) loss on settlement of investments, net	799,572	43,168
(Gain) loss on sale of originated mortgage loans, net	(179,698)	(67,171)
Earnings from investments in consumer loans, equity method investees	0	(4,311)
Change in fair value of derivative instruments	39,982	25,760
Changes in fair value of contingent consideration	1,614	2,045
Unrealized (gain) loss on consumer loans held-for-investment, at fair value	39,917	0
(Gain) loss on transfer of loans to REO	(2,595)	(4,984)
(Gain) loss on transfer of loans to other assets	241	521
(Gain) loss on Excess MSR recapture agreements	(628)	(307)
(Gain) loss on Ocwen common stock	5,050	(2,786)
Accretion and other amortization	(41,104)	(152,894)
Provision for credit losses on securities	44,149	7,516
Valuation and credit loss provision on loans and real estate owned	100,496	5,280
Non-cash portions of servicing revenue, net	649,375	56,910
Non-cash directors’ compensation	500	400
Deferred tax provision	(166,917)	46,331
Changes in:
Servicer advances receivable	235,685	241,531
Other assets	21,602	(148,797)
Due to affiliates	(86,666)	(73,586)
Accrued expenses and other liabilities	189,283	(6,728)
Other operating cash flows:
Interest received from excess mortgage servicing rights	13,575	5,327
Interest received from servicer advance investments	5,203	7,361
Interest received from Non-Agency RMBS	66,479	69,838
Interest received from residential mortgage loans, held-for-investment	0	12,226
Interest received from consumer loans, held-for-investment	6,013	8,329
Purchases of residential mortgage loans, held-for-sale	(988,183)	(1,328,148)
Origination of residential mortgage loans, held-for-sale	(11,456,291)	(2,010,029)
Proceeds from sales of purchased and originated residential mortgage loans, held-for-sale	13,045,107	2,727,071
Principal repayments from purchased residential mortgage loans, held-for-sale	107,188	73,982
Net cash provided by (used in) operating activities	1,311,416	(300,393)
Cash Flows From Investing Activities
Purchase of servicer advance investments	(330,140)	(483,772)
Purchase of Non-Agency RMBS	(56,520)	(249,520)
Purchase of real estate owned and other assets	(6,438)	(9,823)
Purchase of investment in consumer loans, equity method investees	0	(23,442)
Draws on revolving consumer loans	(11,002)	(15,241)
Payments for settlement of derivatives	(60,554)	(48,769)
Return of investments in excess mortgage servicing rights	4,934	16,445
Return of investments, equity method investees	0	13,967
Principal repayments from servicer advance investments	354,302	529,616
Principal repayments from Agency RMBS	740,043	74,037
Principal repayments from Non-Agency RMBS	260,221	330,185
Principal repayments from residential mortgage loans	31,272	27,970
Proceeds from sale of residential mortgage loans	387	34,494
Principal repayments from consumer loans	55,201	68,948
Proceeds from MSRs and MSR financing receivables	22,217	0
Proceeds from sale of mortgage servicing rights financing receivables	12,212
Proceeds from sale of excess mortgage servicing rights	117	0
Proceeds from sale of Agency RMBS	20,191,706	3,911,838
Proceeds from sale of Non-Agency RMBS	1,069,493	228,000
Proceeds from settlement of derivatives	23,899	36,362
Proceeds from sale of real estate owned	35,914	38,825
Net cash provided by (used in) investing activities	16,660,824	(2,752,933)
Cash Flows From Financing Activities
Repayments of repurchase agreements	(93,283,204)	(40,803,763)
Margin deposits under repurchase agreements and derivatives	(2,674,807)	(841,807)
Repayments of notes and bonds payable	(2,167,435)	(2,210,352)
Deferred financing fees	0	(115)
Common stock dividends paid	(207,760)	(184,552)
Preferred Stock Dividend paid	(7,943)	0
Borrowings under repurchase agreements	76,181,064	43,688,820
Return of margin deposits under repurchase agreements and derivatives	2,147,596	701,370
Borrowings under notes and bonds payable	1,478,677	2,057,042
Issuance of preferred stock	389,548	0
Issuance of common stock	1,655	752,112
Costs related to issuance of common stock	(72)	(453)
Noncontrolling interests in equity of consolidated subsidiaries - distributions	(12,605)	(11,015)
Payment of contingent consideration	0	0
Net cash provided by (used in) financing activities	(18,155,286)	3,147,287
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(183,046)	93,961
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	690,934	415,078
Cash, Cash Equivalents, and Restricted Cash, End of Period	507,888	509,039
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	198,437	194,241
Cash paid during the period for income taxes	84	79
Supplemental Schedule of Non-Cash Investing and Financing Activities
Common dividends declared but not paid	28,033
Transfer from residential mortgage loans to real estate owned and other assets	16,304	29,058
Transfer from residential mortgage loans, held-for-investment to residential mortgage loans, held-for-sale	0	33,134
Real estate securities retained from loan securitizations	482,444	96,799
Residential mortgage loans subject to repurchase	197,715	140,135
Agency RMBS
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase of investments, primarily Agency RMBS, settled after quarter-end	20,913	206,638
Sale of investments, primarily Non-Agency RMBS, settled after quarter-end	3,293,976	7,049,723
Mortgage Servicing Rights
Cash Flows From Investing Activities
Purchase of MSRs, MSR financing receivables and servicer advances receivable	(417,861)	(272,696)
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase price holdback	18,534	(289)
Agency Residential Mortgage Backed Securities
Cash Flows From Investing Activities
Purchase of Agency RMBS	(5,263,722)	(6,971,839)
Excess MSRs Investees
Other operating cash flows:
Distributions of earnings from equity method investees	387	2,807
Cash Flows From Investing Activities
Return of investments, equity method investees	5,143	4,569
Consumer Loans
Other operating cash flows:
Distributions of earnings from equity method investees	0	552
MSRs
Cash Flows From Investing Activities
Proceeds from sale of mortgage servicing rights financing receivables	8,504	0
New Residential Mortgage LLC | MSRs | Mortgage Servicing Rights Financing Receivable
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments in mortgage servicing rights financing receivables	104,111	36,379
Cash Flows From Investing Activities
Proceeds from sale of mortgage servicing rights financing receivables	3,708	6,913
Common Stock
Supplemental Schedule of Non-Cash Investing and Financing Activities
Common dividends declared but not paid	20,782	207,715
Preferred Stock
Supplemental Schedule of Non-Cash Investing and Financing Activities
Common dividends declared but not paid	$ 7,250	$ 0

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION New Residential Investment Corp. (together with its subsidiaries, “New Residential,” 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 18 - 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 currently originates, sells and securitizes, or has in the past originated, sold, and securitized, 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 are 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 March 31, 2020 , 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 March 31, 2020 . In addition, Fortress, through its affiliates, held options relating to approximately 10.9 million shares of New Residential’s common stock as of March 31, 2020 . Interim Financial Statements The accompanying condensed 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 Condensed 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. Use of Estimates In March 2020, the World Health Organization declared a pandemic related to the rapidly spreading coronavirus (“COVID-19”) outbreak, which has led to a global health emergency. In response to this outbreak, the governments of many countries have taken preventive and protective actions, such as restricting travel and business operations. Financial markets have also experienced extreme volatility and disruptions to capital and credit markets. As a result, economic uncertainties have arisen which have impacted and could continue to impact the Company’s operations and its financial position. The extent of the impact of COVID-19 on the Company’s operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, regulatory and private sector responses, and the impact on the Company’s customers, workforce, and vendors, all of which are uncertain and cannot be predicted. The Company believes the estimates and assumptions underlying its condensed consolidated financial statements are reasonable and supportable based on the information available as of March 31, 2020; however, uncertainty over the ultimate impact COVID-19 will have on the global economy generally, and the Company’s business in particular, makes any estimates and assumptions as of March 31, 2020 inherently less certain than they would be absent the current and potential impacts of COVID-19. Actual results may materially differ from those estimates. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments (“CECL”) . 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 requires 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. The standard provides an option to elect the fair value option for certain investments as an alternative to adopting ASU 2016-13. Lastly, an entity is required to apply ASU 2016-13 using the modified retrospective approach which requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The standard was effective for New Residential in the first quarter of 2020. Upon adoption of the standard, New Residential elected the fair value option on its held for investment residential mortgage and consumer loans portfolios. As a result, the Company recognized a positive adjustment of $13.7 million to retained earnings, composed of an $19.7 million increase attributable to the change in the fair value of consumer loans, net of noncontrolling interests, partially offset by a $6.0 million decrease attributable to the change in fair value of residential mortgage loans. For servicer advance investments and receivables, the Company determined credit-related losses are not significant because of the contractual relationships with the agencies. For other assets, primarily trade receivables, the Company determined that these are short-term in nature (less than one year), and the estimated credit-related losses over the life of these receivables are not significant. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment (Topic 350) . 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 2017-04 was effective for New Residential in the first quarter of 2020. New Residential early adopted the standard starting in 2019. The adoption of ASU 2017-04 did not have a material impact on the condensed consolidated financial statements. In August 2018, the FASB issued ASU 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 2018-13 was effective for New Residential in the first quarter of 2020. The adoption of ASU 2018-13 did not have a material impact on the condensed 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 early adopted this guidance in 2019. The adoption of ASU No. 2019-12 did not have a material impact on the condensed consolidated financial statements.

OTHER INCOME, GENERAL AND ADMIN

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2020
Other Income Assets And Liabilities
OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES	OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES Gain (Loss) on Settlement of Investments, Net — This item is comprised of the following: Three Months Ended 2020 2019 Gain (loss) on sale of real estate securities, net $ (754,540 ) $ 65,196 Gain (loss) on sale of acquired residential mortgage loans, net 35,236 3,183 Gain (loss) on settlement of derivatives (84,712 ) (93,076 ) Gain (loss) on liquidated residential mortgage loans (839 ) (2,489 ) Gain (loss) on sale of REO 1,173 (1,725 ) Other gains (losses) 4,110 (14,257 ) $ (799,572 ) $ (43,168 ) Other Income (Loss), Net — This item is comprised of the following: Three Months Ended 2020 2019 Unrealized gain (loss) on notes and bonds payable $ 17,002 $ (1,137 ) Unrealized gain (loss) on contingent consideration (1,614 ) (2,045 ) Unrealized gain (loss) on consumer loans held-for-investment, at fair value (39,917 ) — Unrealized gain (loss) on equity investments (45,023 ) (73 ) Gain (loss) on transfer of loans to REO 2,595 4,984 Gain (loss) on transfer of loans to other assets (241 ) (521 ) Gain (loss) on Excess MSR recapture agreements 628 307 Gain (loss) on Ocwen common stock (5,050 ) 2,786 Rental and ancillary revenue 19,607 — Other income (loss) (24,717 ) 1,694 $ (76,730 ) $ 5,995 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: Three Months Ended 2020 2019 Compensation and benefits expense, servicing $ 51,341 $ 25,301 Compensation and benefits expense, origination 61,278 31,310 Legal and professional expense 26,037 13,292 Loan origination expense 22,400 10,269 Occupancy expense 8,064 4,179 Other (A) 37,243 14,589 $ 206,363 $ 98,940 (A) Represents miscellaneous general and administrative expenses. Other Assets and Other Liabilities — Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Margin receivable, net (A) $ 733,624 $ 280,176 MSR purchase price holdback $ 93,882 $ 75,348 Servicing fee receivables 153,137 159,607 Interest payable 37,585 68,668 Due from servicers 140,024 163,961 Accounts payable 138,585 119,771 Principal and interest receivable 48,895 85,191 Derivative liabilities (Note 10) 160,353 6,885 Equity investments (B) 69,533 114,763 Due to servicers 119,285 127,846 Other receivables 84,287 117,045 Residential mortgage loan repurchase liability 197,715 172,336 Real Estate Owned 81,289 93,672 Contingent Consideration 56,836 55,222 Single-family rental properties 26,661 24,133 Accrued compensation and benefits 28,644 41,228 Goodwill (C) 29,468 29,737 Excess spread financing, at fair value 25,614 31,777 Notes Receivable (D) 45,287 37,001 Operating lease liabilities 38,568 38,520 Warrants, at fair value 25,519 28,042 Reserve for sales recourse 11,144 12,549 Recovery asset 20,921 23,100 Other liabilities 59,929 22,976 Residential mortgage loans subject to repurchase 197,715 172,336 $ 968,140 $ 773,126 Property and equipment 23,271 18,018 Receivable from government agency (E) 18,020 19,670 Intangible assets 36,496 40,963 Prepaid expenses 20,862 19,249 Operating lease right-of-use asset 32,544 32,120 Derivative assets (Note 10) 132,616 41,501 Ocwen common stock, at fair value 2,902 7,952 Other assets 48,396 51,230 $ 1,971,467 $ 1,559,467 (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) Includes goodwill derived from the acquisition of Shellpoint Partners LLC (“Shellpoint”) as well as Guardian Asset Management, a leading national provider of field services and property management to government agencies, financial institutions and asset management firms. (D) Represents a subordinated debt facility to Covius. (E) 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. Accretion and Other Amortization — As reflected on the Condensed Consolidated Statements of Cash Flows, this item is comprised of the following: Three Months Ended 2020 2019 Accretion of net discount on securities and loans (A) $ 40,052 $ 141,586 Accretion of servicer advances receivable discount and servicer advance investments (10,915 ) 7,511 Accretion of excess mortgage servicing rights income 13,226 5,115 Amortization of deferred financing costs (1,136 ) (863 ) Amortization of discount on notes and bonds payable (123 ) (455 ) $ 41,104 $ 152,894 (A)

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2020
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. 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 Three Months Ended March 31, 2020 Interest income $ 16,735 $ 7,487 $ 99,353 $ — $ 123,575 $ 184,005 $ 59,921 $ 34,872 $ — $ 402,373 Interest expense 13,427 196 57,783 — 71,406 108,009 30,773 6,667 — 216,855 Net interest income 3,308 7,291 41,570 — 52,169 75,996 29,148 28,205 — 185,518 Impairment — — — — — 44,149 100,496 — — 144,645 Servicing revenue, net (1,078 ) 86,742 (350,587 ) (24,192 ) (289,115 ) — — — — (289,115 ) Gain on originated mortgage loans, held-for-sale, net 158,215 259 22,088 (9,375 ) 171,187 — 8,511 — — 179,698 Other income (loss) (16 ) 499 (156,933 ) — (156,450 ) (966,039 ) (192,271 ) (40,751 ) (47,150 ) (1,402,661 ) Operating expenses 100,212 64,352 108,072 (24,192 ) 248,444 6,854 16,756 3,883 26,981 302,918 Income (loss) before income taxes 60,217 30,439 (551,934 ) (9,375 ) (470,653 ) (941,046 ) (271,864 ) (16,429 ) (74,131 ) (1,774,123 ) Income tax expense (benefit) 11,958 6,045 (109,785 ) — (91,782 ) — (75,201 ) 115 — (166,868 ) Net income (loss) $ 48,259 $ 24,394 $ (442,149 ) $ (9,375 ) $ (378,871 ) $ (941,046 ) $ (196,663 ) $ (16,544 ) $ (74,131 ) $ (1,607,255 ) Noncontrolling interests in income (loss) of consolidated subsidiaries $ 1,283 $ — $ (11,247 ) $ — $ (9,964 ) $ — $ — $ (6,198 ) $ — $ (16,162 ) Dividends on preferred stock $ — $ — $ — $ — $ — $ — $ — $ — $ 11,222 $ 11,222 Net income (loss) attributable to common stockholders $ 46,976 $ 24,394 $ (430,902 ) $ (9,375 ) $ (368,907 ) $ (941,046 ) $ (196,663 ) $ (10,346 ) $ (85,353 ) $ (1,602,315 ) 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 March 31, 2020 Investments $ 1,491,206 $ — $ 6,537,930 $ — $ 8,029,136 $ 2,479,603 $ 4,187,148 $ 780,821 $ — $ 15,476,708 Cash and cash equivalents 76,752 14,032 161,778 — 252,562 101,646 560 4,382 1,303 360,453 Restricted cash 4,907 4,881 105,611 — 115,399 — — 32,036 — 147,435 Other assets 403,277 274,883 3,023,482 — 3,701,642 4,064,232 310,095 65,602 37,840 8,179,411 Goodwill 11,836 12,540 5,092 — 29,468 — — — — 29,468 Total assets $ 1,987,978 $ 306,336 $ 9,833,893 $ — $ 12,128,207 $ 6,645,481 $ 4,497,803 $ 882,841 $ 39,143 $ 24,193,475 Debt $ 1,352,846 $ 21,157 $ 6,332,172 $ — $ 7,706,175 $ 5,892,709 $ 3,455,028 $ 774,797 $ — $ 17,828,709 Other liabilities 244,137 73,889 384,496 — 702,522 218,654 53,854 7,389 51,883 1,034,302 Total liabilities 1,596,983 95,046 6,716,668 — 8,408,697 6,111,363 3,508,882 782,186 51,883 18,863,011 Total equity 390,995 211,290 3,117,225 — 3,719,510 534,118 988,921 100,655 (12,740 ) 5,330,464 Noncontrolling interests in equity of consolidated subsidiaries 11,323 — 31,743 — 43,066 — — 23,512 — 66,578 Total New Residential stockholders’ equity $ 379,672 $ 211,290 $ 3,085,482 $ — $ 3,676,444 $ 534,118 $ 988,921 $ 77,143 $ (12,740 ) $ 5,263,886 Investments in equity method investees $ — $ — $ 156,731 $ — $ 156,731 $ — $ — $ — $ — $ 156,731 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 Three Months Ended March 31, 2019 Interest income $ 5,584 $ 6,183 $ 120,033 $ — $ 131,800 $ 204,473 $ 58,189 $ 44,405 $ — $ 438,867 Interest expense 5,158 197 61,131 — 66,486 101,300 35,851 9,195 — 212,832 Net interest income 426 5,986 58,902 — 65,314 103,173 22,338 35,210 — 226,035 Impairment — — — — — 7,516 (5,804 ) 11,084 — 12,796 Servicing revenue, net (270 ) 43,521 128,737 (6,135 ) 165,853 — — — — 165,853 Gain on sale of originated mortgage loans, net 50,812 89 9,510 (9,085 ) 51,326 — 15,844 — — 67,170 Other income (loss) 1,059 — (21,865 ) — (20,806 ) (46,958 ) (3,445 ) 4,531 2,712 (63,966 ) Operating expenses 46,363 36,123 50,491 (6,135 ) 126,842 1,189 9,320 7,427 35,609 180,387 Income (loss) before income taxes 5,664 13,473 124,793 (9,085 ) 134,845 47,510 31,221 21,230 (32,897 ) 201,909 Income tax expense (benefit) 1,549 3,686 34,139 — 39,374 — 6,544 79 — 45,997 Net income (loss) $ 4,115 $ 9,787 $ 90,654 $ (9,085 ) $ 95,471 $ 47,510 $ 24,677 $ 21,151 $ (32,897 ) $ 155,912 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 407 $ — $ 2,451 $ — $ 2,858 $ — $ — $ 7,460 $ — $ 10,318 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ 3,708 $ 9,787 $ 88,203 $ (9,085 ) $ 92,613 $ 47,510 $ 24,677 $ 13,691 $ (32,897 ) $ 145,594 As a result of the economic uncertainties arising from the COVID-19 pandemic, the impact of the uncertainty on the financial and mortgage-related asset markets, and the associated decreases in the Company’s common and preferred stock prices, the Company performed a qualitative impairment analysis for goodwill and intangible assets. Based on the analysis, the Company determined no impairment had occurred as of March 31, 2020. Such analysis required management to assess current and future market conditions. Given the uncertainty inherent in the analysis, heightened by the possibility of unforeseen effects of COVID-19, actual results may differ from assumptions used, or conditions may change, which could result in impairment charges in the future. In the event that the Company concludes that all or a portion of its goodwill or intangible asset is impaired, a non-cash charge for the amount of such impairment would be recorded to earnings. Such a charge would have no impact on tangible capital.

INVESTMENTS IN EXCESS MORTGAGE

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2020
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) Total Balance as of December 31, 2019 $ 377,692 $ 2,055 $ 379,747 Purchases — — — Interest income 13,150 76 13,226 Other income 636 — 636 Proceeds from repayments (18,503 ) (116 ) (18,619 ) Proceeds from sales (34 ) — (34 ) Change in fair value (11,059 ) 35 (11,024 ) Balance as of March 31, 2020 $ 361,882 $ 2,050 $ 363,932 (A) Specialized Loan Servicing LLC (“SLS”). 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 6). New Residential elected to record its direct investments in Excess 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 prepayment risk and other market factors on the Excess MSRs. The following is a summary of New Residential’s direct investments in Excess MSRs: March 31, 2020 December 31, 2019 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 41,702,867 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.7 $ 174,694 $ 200,167 $ 209,633 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 43,306,519 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 6.7 $ 123,992 $ 163,765 $ 170,114 Total $ 85,009,386 6.1 $ 298,686 $ 363,932 $ 379,747 (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 March 31, 2020 (Note 6) on $30.0 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is composed of the following: Three Months Ended 2020 2019 Original and Recaptured Pools $ (11,024 ) $ 4,627 As of March 31, 2020 , a weighted average discount rate of 8.3% was 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: March 31, 2020 December 31, 2019 Excess MSR assets $ 214,950 $ 226,843 Other assets 24,954 25,035 Other liabilities (687 ) (687 ) Equity $ 239,217 $ 251,191 New Residential’s investment $ 119,609 $ 125,596 New Residential’s ownership 50.0 % 50.0 % Three Months Ended 2020 2019 Interest income $ 7,313 $ 4,070 Other income (loss) (8,219 ) 1,170 Expenses (8 ) (16 ) Net income (loss) $ (914 ) $ 5,224 The following table summarizes the activity of New Residential’s investments in equity method investees: Balance at December 31, 2019 $ 125,596 Contributions to equity method investees — Distributions of earnings from equity method investees (387 ) Distributions of capital from equity method investees (5,143 ) Change in fair value of investments in equity method investees (457 ) Balance at March 31, 2020 $ 119,609 The following is a summary of New Residential’s Excess MSR investments made through equity method investees: March 31, 2020 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 $ 33,251,300 66.7 % 50.0 % $ 165,403 $ 214,950 5.6 (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 SERVICI

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES	INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES A subsidiary of New Residential, New Residential Mortgage LLC (“NRM”), engages third party licensed mortgage servicers as subservicers and, in relation to certain MSR purchases, interim 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” in New Residential’s Condensed Consolidated Statements of Income. As of March 31, 2020 , these subservicers and interim subservicers include PHH Mortgage Corporation (“PHH”), Mr. Cooper, LoanCare, LLC (“LoanCare”), Quicken Loans Inc. (“Quicken”), United Shore Financial Services, LLC (“United Shore”), and Flagstar Bank, FSB (“Flagstar”), which subservice 21.7% , 18.0% , 17.8% , 3.0% , 2.7% , and 0.9% of the underlying UPB of the related mortgages, respectively (includes both Mortgage Servicing Rights and MSR Financing Receivables). The remaining 35.9% 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 Condensed 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, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 Purchases, net (A) 436,395 — 436,395 Originations (B) 195,896 — 195,896 Prepayments (C) (1,563 ) (6,023 ) (7,586 ) Proceeds from sales (8,504 ) (3,708 ) (12,212 ) Amortization of servicing rights (D) (193,243 ) (68,752 ) (261,995 ) Change in valuation inputs and assumptions (E) (468,260 ) (33,610 ) (501,870 ) (Gain)/loss on sales 5,703 (1,749 ) 3,954 Balance as of March 31, 2020 $ 3,934,384 $ 1,604,431 $ 5,538,815 (A) Net of purchase price adjustments. (B) Represents MSRs retained on the sale of originated mortgage loans. (C) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (D) 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. (E) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model. Servicing revenue, net recognized by New Residential related to its investments in MSRs was composed of the following: Three Months Ended 2020 2019 Servicing fee revenue $ 328,122 $ 183,026 Ancillary and other fees 32,138 39,737 Servicing fee revenue and fees 360,260 222,763 Amortization of servicing rights (191,367 ) (72,675 ) Change in valuation inputs and assumptions (A) (B) (463,711 ) 15,765 (Gain)/loss on sales 5,703 — Servicing revenue, net $ (289,115 ) $ 165,853 (A) Includes changes in inputs or assumptions used in the valuation model. (B) Includes $4.5 million and $0.4 million of fair value adjustment to excess spread financing for the three months ended March 31, 2020 and 2019 , respectively. Interest income from investments in MSR Financing Receivables was composed of the following: Three Months Ended 2020 2019 Servicing fee revenue $ 113,582 $ 126,244 Ancillary and other fees 26,000 31,324 Less: subservicing expense (41,903 ) (55,662 ) Interest income, investments in MSR financing receivables $ 97,679 $ 101,906 Change in fair value of investments in MSR Financing Receivables was composed of the following: Three Months Ended 2020 2019 Amortization of servicing rights $ (68,752 ) $ (42,876 ) Change in valuation inputs and assumptions (A) (33,610 ) 6,938 (Gain)/loss on sales (B) (1,749 ) (441 ) Change in fair value of investments in MSR financing receivables $ (104,111 ) $ (36,379 ) (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 March 31, 2020 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) MSRs: Agency (C) $ 339,416,358 5.3 $ 3,227,788 Non-Agency 6,630,753 5.5 16,669 Ginnie Mae (D) 57,658,948 4.8 689,927 403,706,059 5.2 3,934,384 MSR Financing Receivables: Agency 49,533,672 5.2 491,681 Non-Agency 73,533,090 7.8 1,112,750 123,066,762 6.8 1,604,431 Total $ 526,772,821 5.6 $ 5,538,815 (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 March 31, 2020 , weighted average discount rates of 8.2% and 9.4% were used to value New Residential’s investments in MSRs and MSR financing receivables, respectively. (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 March 31, 2020 , New Residential holds approximately $197.7 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Condensed 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 March 31, 2020 , MSRs representing approximately $66.7 billion UPB of underlying loans were 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. 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 March 31, 2020 December 31, 2019 California 23.4 % 21.9 % Florida 6.8 % 6.9 % New York 6.2 % 6.4 % Texas 5.3 % 5.5 % New Jersey 4.7 % 4.9 % Illinois 3.5 % 3.6 % Washington 3.3 % 3.3 % Massachusetts 3.3 % 3.4 % Georgia 3.1 % 3.1 % Colorado 3.0 % 2.8 % Other U.S. 37.4 % 38.2 % 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 Condensed Consolidated Balance Sheets. The UPB of residential mortgage loans subserviced for others as of March 31, 2020 and 2019 was $83.0 billion and $48.5 billion , respectively, and subservicing revenue of $42.2 million and $31.9 million for the three months ended March 31, 2020 and 2019, respectively, is included within Servicing revenue, net, in the Condensed 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 15). These servicer advances are recorded when advanced and are included in Servicer Advances Receivable on the Condensed Consolidated Balance Sheets. The following types of advances are included in the Servicer Advances Receivable: March 31, 2020 December 31, 2019 Principal and interest advances $ 678,588 $ 660,807 Escrow advances (taxes and insurance advances) 2,284,094 2,427,384 Foreclosure advances 151,485 163,054 Total (A) (B) (C) $ 3,114,167 $ 3,251,245 (A) Includes $636.9 million and $562.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $69.9 million and $166.5 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 $41.3 million and $50.1 million , respectively, in unamortized advance discount and reserves, net of 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 , expected full recovery of the Servicer Advance Receivables. For advances on loans that have been liquidated, sold, paid in full or modified, the Company has reserved $10.0 million for expected non-recovery of advances as of March 31, 2020 . See Note 11 regarding the financing of MSRs.

SERVICER ADVANCE INVESTMENTS

SERVICER ADVANCE INVESTMENTS	3 Months Ended
	Mar. 31, 2020
Investments, All Other Investments [Abstract]
SERVICER ADVANCE INVESTMENTS	SERVICER ADVANCE INVESTMENTS All of New Residential’s Servicer Advance Investments are composed 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 March 31, 2020 . As of March 31, 2020 , 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 March 31, 2020 , the noncontrolling third-party co-investors and New Residential had previously funded their commitments; however, the Buyer may recall $328.4 million and $306.9 million of capital distributed to the third-party co-investors and New Residential, respectively. Neither the third-party co-investors nor New Residential is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of the Buyer. See Note 5 regarding the New Ocwen Agreements. Subsequent to the New Ocwen Agreements, the Servicer Advance Investments serviced by Ocwen are accounted for as Servicer Advances Receivable, as described in Note 5. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) March 31, 2020 Servicer Advance Investments $ 509,989 $ 515,574 5.8 % 5.6 % 6.7 December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted average life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended 2020 2019 Change in fair value of Servicer Advance Investments $ (18,749 ) $ 7,903 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 March 31, 2020 Servicer Advance Investments (D) $ 30,043,832 $ 461,723 1.5 % $ 423,910 88.0 % 87.1 % 1.7 % 1.7 % December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % (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: March 31, 2020 December 31, 2019 Principal and interest advances $ 87,292 $ 71,574 Escrow advances (taxes and insurance advances) 173,617 180,047 Foreclosure advances 200,814 211,222 Total $ 461,723 $ 462,843 Interest income recognized by New Residential related to its Servicer Advance Investments was composed of the following: Three Months Ended 2020 2019 Interest income, gross of amounts attributable to servicer compensation $ (10,250 ) $ 15,076 Amounts attributable to base servicer compensation 882 (1,565 ) Amounts attributable to incentive servicer compensation (8,721 ) (6,427 ) Interest income from Servicer Advance Investments $ (18,089 ) $ 7,084

INVESTMENTS IN REAL ESTATE AND

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES	3 Months Ended
	Mar. 31, 2020
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 Fannie Mae or Freddie Mac. “Non-Agency” RMBS are issued by either public trusts or private label securitization entities. As a result of current market conditions and consistent with the Company’s business strategy of using its Agency RMBS portfolio as a source of liquidity, the Company sold substantially all of its Agency RMBS portfolio in March 2020. Effective January 1, 2020, for any new purchases of Non-Agency RMBS, New Residential elected to apply the fair value option. The fair value option provides an election which allows a company to irrevocably elect fair value for certain financial asset and liabilities on an instrument-by-instrument basis at initial recognition. The Company elected the fair value option for these securities to better align reported results with the underlying economic changes in value of the securities on the Company’s Condensed Consolidated Balance Sheets. For securities for which the fair value option was elected, any unrealized gains (losses) from the change in fair value are recorded in Change in fair value of investments in real estate and other securities in the Condensed Consolidated Statements of Income. For securities for which the fair value option was not elected, any unrealized gains (losses) from the change in fair value are recorded as a component of accumulated other comprehensive income in the Condensed Consolidated Statement of Changes in Stockholders’ Equity, to the extent impairment losses are considered non-credit related. Expected credit losses are reflected in the Provision (reversal) for credit losses in the Condensed Consolidated Statements of Income. The Company estimates expected credit losses using a discounted cash flow (“DCF”) approach. The DCF approach considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The Company generates cash flow projections at the instrument level wherein payment expectations are adjusted for estimated prepayment speeds, default rates, and loss severities. Realized gains (losses) on securities are recorded in gain (loss) on settlement of investments, net in the Condensed Consolidated Statements of Income. Interest income is recognized over the life the loan using the effective interest method and is recorded on the accrual basis. Activities related to New Residential’s investments in real estate and other securities were as follows: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 (in millions) (in millions) Agency Non-Agency Agency Non-Agency Purchases Face $ 7,140.0 $ 4,563.2 $ 5,024.3 $ 2,444.0 Purchase price 7,290.0 539.0 5,129.4 349.7 Sales Face $ 17,395.0 $ 7,200.0 $ 6,778.8 $ 228.0 Amortized cost 17,679.3 5,283.8 6,914.3 228.0 Sale price 17,869.1 4,358.9 6,979.4 228.0 Gain (loss) on sale 189.8 (924.9 ) 65.1 — As of March 31, 2020 , New Residential had sold $2.8 billion and $6.1 billion face amount for $2.9 billion and $3.3 billion of Agency RMBS and Non-Agency RMBS, respectively, which had not yet been settled. As of March 31, 2019 , New Residential had sold and purchased $6.8 billion and $0.2 billion face amount of Agency RMBS for $7.0 billion and $0.2 billion , respectively, and purchased $3.8 million face amount of Non-Agency RMBS for $3.4 million , which had not yet been settled. These unsettled sales and purchases were recorded on the Condensed Consolidated Balance Sheets on trade date as Trades Receivable and Trades Payable. Refer to Note 16 for further details on transactions with affiliates. 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 Notes 8 and 16 for further details on these transactions. The following is a summary of New Residential’s real estate and other securities: March 31, 2020 December 31, 2019 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Agency RMBS (F) (G) $ 306,566 $ 308,486 $ 10,082 $ — $ 318,568 27 AAA 2.95 % 2.79 % 6.8 N/A $ 11,519,943 Non-Agency RMBS (H) (I) 20,528,139 2,239,021 69,347 (147,333 ) 2,161,035 593 A- 3.16 % 5.00 % 8.0 13.3 % 7,957,785 Total/ Weighted Average $ 20,834,705 $ 2,547,507 $ 79,429 $ (147,333 ) $ 2,479,603 620 A 3.11 % 4.74 % 7.8 $ 19,477,728 (A) Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value. (B) Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 337 bonds with a carrying value of $971.6 million which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies and represent the most recent credit ratings available as of the reporting date and may not be current. (C) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $29.5 million and $4.3 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 $0.3 billion for fixed rate securities as of March 31, 2020 . (H) The total outstanding face amount was $11.1 billion (including $9.7 billion of residual and fair value option notional amount) for fixed rate securities and $9.4 billion (including $8.2 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2020 . (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 Corporate debt $ 23,250 $ 18,484 $ — $ — $ 18,484 1 B- 8.25 % 8.25 % 5.0 N/A Consumer loan bonds 20,114 13,268 232 (458 ) 13,042 6 N/A N/A N/A N/A N/A Fair value option securities: Interest-only securities 11,698,718 305,697 22,129 (23,984 ) 303,842 130 AA 1.30 % 9.36 % 3.1 N/A Servicing strips 4,984,912 56,798 2,480 (11,292 ) 47,986 53 N/A 0.90 % 8.11 % 5.5 N/A Unrealized losses attributable to credit impairment are recognized in earnings. During the three months ended March 31, 2020 , New Residential recorded credit impairment charges of $44.1 million with respect to real estate securities. Any remaining unrealized losses on New Residential’s securities were primarily the result of changes in market factors, rather than issue-specific credit impairment. New Residential performed analyses in relation to such securities, using its best estimate of their cash flows, which support its belief that the carrying values of such securities were fully recoverable over their expected holding period. New Residential has no intent to sell and is not more likely than not to be required to sell these securities. The following table summarizes New Residential’s securities in an unrealized loss position as of March 31, 2020 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Credit Impairment Credit Impairment (A) After Credit Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Less than 12 Months $ 8,525,893 $ 1,482,309 $ (30,161 ) $ 1,452,148 $ (133,907 ) $ 1,318,241 262 A- 3.57 % 4.45 % 10.0 12 or More Months 1,903,679 119,591 (13,988 ) 105,603 (13,426 ) 92,177 59 A- 2.63 % 5.26 % 3.3 Total/Weighted Average $ 10,429,572 $ 1,601,900 $ (44,149 ) $ 1,557,751 $ (147,333 ) $ 1,410,418 321 A- 3.50 % 4.51 % 9.5 (A) Represents credit impairment on securities in an unrealized loss position as of March 31, 2020 . New Residential performed an assessment of all 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 credit impairment, exceeds its fair value) and determined the following: March 31, 2020 December 31, 2019 Gross Unrealized Losses Gross Unrealized Losses Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell $ — $ — $ — $ — $ — $ — $ — $ — Securities New Residential is more likely than not to be required to sell (C) — — — N/A — — — 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 560,375 598,610 (44,149 ) (38,235 ) 228,228 237,626 (3,232 ) (9,398 ) Non-credit impaired securities 850,043 959,141 — (109,098 ) 4,726,409 4,767,837 — (41,428 ) Total debt securities in an unrealized loss position $ 1,410,418 $ 1,557,751 $ (44,149 ) $ (147,333 ) $ 4,954,637 $ 5,005,463 $ (3,232 ) $ (50,826 ) (A) This amount is required to be recorded through earnings. In measuring the portion of credit losses, New Residential estimates the expected cash flow for each of the securities. This evaluation included 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 included New Residential’s expectations of prepayment rates, default rates and loss severities. Credit losses were measured as the decline in the present value of the expected future cash flows discounted at the security’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) 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 the allowance for credit losses on debt securities as of March 31, 2020: Purchased Credit Deteriorated Non-Purchased Credit Deteriorated Total Beginning balance of the allowance for credit losses on available-for-sale debt securities $ — $ — $ — Additions to the allowance for credit losses on securities for which credit losses were not previously recorded — — — Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period — — — Reductions in the allowance for credit losses 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 — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period 24,121 20,028 44,149 Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Ending balance of the allowance for credit losses on available-for-sale debt securities $ 24,121 $ 20,028 44,149 The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS: March 31, 2020 December 31, 2019 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 7,276,817 35.5 % $ 9,048,847 36.6 % Southeastern U.S. 5,337,487 26.1 % 5,983,966 24.2 % Northeastern U.S. 4,532,153 22.1 % 5,416,137 21.9 % Midwestern U.S. 2,176,968 10.6 % 2,562,269 10.4 % Southwestern U.S. 1,143,615 5.6 % 1,440,467 5.8 % Other (B) 17,735 0.1 % 296,273 1.1 % $ 20,484,775 100.0 % $ 24,747,959 100.0 % (A) Excludes $20.1 million and $25.0 million face amount of bonds backed by consumer loans and $23.3 million and $85.0 million face amount of bonds backed by corporate debt as of March 31, 2020 and December 31, 2019 , 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. 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 March 31, 2020 $ 1,179,074 $ 528,741 December 31, 2019 5,701,736 3,830,369 The following is a summary of the changes in accretable yield for these securities: Three Months Ended March 31, 2020 Balance at December 31, 2019 $ 1,882,476 Additions 67,194 Accretion (46,906 ) Reclassifications from (to) non-accretable difference (2,841,574 ) Disposals 1,287,097 Balance at March 31, 2020 $ 348,287

INVESTMENTS IN RESIDENTIAL MORT

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2020
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. 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. Upon adoption of ASU 2016-13 on January 1, 2020, New Residential elected to apply the fair value option for all held-for-investment residential mortgage loans. The fair value option provides an election which allows a company to irrevocably elect fair value for certain financial assets and liabilities on an instrument-by-instrument basis. The Company elected the fair value option for these loans to better align reported results with the underlying economic changes in value of the loans on the Company’s Condensed Consolidated Balance Sheets. The election of the fair value option resulted in the Company recognizing an adjustment of $6.0 million to reduce retained earnings attributable to the change in the fair value of residential mortgage loans. Unrealized gains (losses) from the change in fair value of residential mortgage loans are recognized in Change in fair value of investments in residential mortgage loans in the Condensed Consolidated Statements of Income. Realized gains (losses) are recorded in Other income (loss), net in the Condensed Consolidated Statements of Income. Residential mortgage loans for which the fair value option has been elected are not evaluated for credit impairment as changes in fair value are recorded in the Condensed Consolidated Statements of Income. 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. As of March 31, 2020, 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: March 31, 2020 December 31, 2019 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount Loan to Value Ratio (“LTV”) (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Carrying Value Loan Type Total Residential Mortgage Loans, held-for-investment, at fair value $ 919,461 $ 824,183 14,164 8.2 % 6.5 9.0 % 72.1 % 17.8 % 642 $ 925,706 Acquired Reverse Mortgage Loans (E) (F) $ 12,333 $ 6,220 29 7.9 % 5.0 5.5 % 153.3 % 70.7 % N/A $ 5,844 Acquired Performing Loans (G) (I) 828,323 753,288 11,853 6.1 % 4.2 65.9 % 51.1 % 8.6 % 684 857,821 Acquired Non-Performing Loans (H) (I) 629,948 505,025 4,822 8.3 % 3.2 10.9 % 76.6 % 73.1 % 581 565,387 Total Residential Mortgage Loans, held-for-sale $ 1,470,604 $ 1,264,533 16,704 7.1 % 3.8 41.8 % 62.9 % 36.8 % 639 $ 1,429,052 Acquired Performing Loans (G) (I) $ 2,046,090 $ 1,804,443 12,925 5.9 % 7.9 6.9 % 67.3 % 30.5 % 644 $ 3,024,288 Originated Loans 1,430,577 1,479,530 4,769 3.7 % 28.0 2.9 % 72.7 % 0.1 % 732 1,589,324 Total Residential Mortgage Loans, held-for-sale, at fair value $ 3,476,667 $ 3,283,973 17,694 5.0 % 16.2 5.3 % 69.5 % 18.0 % 680 $ 4,613,612 (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 . Approximately 47% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (H) As of March 31, 2020 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $35.1 million and $26.6 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA. New Residential generally considers the delinquency status, loan-to-value ratios, and geographic area of residential mortgage loans as its credit quality indicators. Delinquency status is a primary credit quality indicator as loans that are more than 60 days past due provide an early warning of borrowers who may be experiencing financial difficulties. Current LTV ratio is an indicator of the potential loss severity in the event of default. Finally, the geographic distribution of the loan collateral also provides insight as to the credit quality of the portfolio, as factors such as the regional economy, home price changes and specific events will affect credit quality. The table below summarizes the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2020 December 31, 2019 California 16.8 % 16.1 % New York 9.9 % 9.0 % Florida 7.7 % 8.4 % Texas 7.5 % 7.1 % Georgia 4.6 % 4.8 % New Jersey 4.6 % 4.2 % Illinois 3.4 % 3.6 % Maryland 3.1 % 3.3 % Pennsylvania 3.1 % 2.9 % Virginia 2.7 % 2.7 % Other U.S. 36.6 % 37.9 % 100.0 % 100.0 % See Note 11 regarding the financing of residential mortgage loans and related assets. The following table summarizes the difference between the aggregate unpaid principal balance and the aggregate fair value of loans as of March 31, 2020: Days Past Due Unpaid Principal Balance Fair Value Fair Value Over (Under) Unpaid Principal Balance 90 to 119 $ 336,910 $ 275,597 $ (61,313 ) 120+ 291,390 267,673 (23,717 ) $ 628,300 $ 543,270 $ (85,030 ) 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 three months ended March 31, 2020 , New Residential executed calls on a total of 15 trusts and recognized $12.0 million of interest income on securities held in the collapsed trusts and $42.6 million of gain on securitizations accounted for as sales. For the three months ended March 31, 2019, New Residential executed calls on a total of 19 trusts and recognized $32.5 million of interest income on securities held in the collapsed trusts and $2.8 million of loss on securitizations accounted for as sales. Refer to Note 16 for transactions with affiliates. 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 credit 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 residential mortgage loans held-for-investment were as follows: Balance at December 31, 2019 $ 925,706 Fair value adjustment due to fair value option (6,020 ) Purchases/additional fundings — Proceeds from repayments (31,233 ) Transfer of loans to other assets (A) — Transfer of loans to real estate owned (2,410 ) Transfers of loans to held for sale — Fair value adjustment (61,860 ) Balance at March 31, 2020 $ 824,183 (A) 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). 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, 2019 $ 1,414,528 Originations 11,440,093 Sales (11,358,767 ) Proceeds from repayments (170 ) Transfer of loans to real estate owned — Transfer of loans to other assets (1,707 ) Fair value adjustment (14,447 ) Balance at March 31, 2020 $ 1,479,530 Activities related to the carrying value of acquired loans held-for-sale, at fair value were as follows: Balance at December 31, 2019 $ 3,199,084 Purchases (A) 878,049 Sales (2,028,620 ) Proceeds from repayments (47,200 ) Transfer of loans to real estate owned (2,997 ) Transfer of loans to other assets (4,936 ) Fair value adjustment (188,937 ) Balance at March 31, 2020 $ 1,804,443 (A) Includes an acquisition date fair value adjustment increase of $0.4 million on loans acquired through call transactions executed during the three months ended March 31, 2020 . Activities related to the carrying value of acquired loans held-for-sale, at lower cost or fair value were as follows: Balance at December 31, 2019 $ 1,429,052 Purchases 109,666 Transfer of loans from held-for-investment — Sales (103,327 ) Transfer of loans to real estate owned (12,238 ) Transfer of loans to other assets (390 ) Proceeds from repayments (59,526 ) Valuation provision on loans (98,704 ) Balance at March 31, 2020 $ 1,264,533 Net Interest Income Three Months Ended 2020 2019 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 15,109 $ 17,203 Acquired Residential Mortgage Loans, held-for-sale 17,780 15,179 Acquired Residential Mortgage Loans, held-for-sale, at fair value 27,032 25,807 Originated Residential Mortgage Loans, held-for-sale, at fair value 16,735 5,584 Total Interest Income on Residential Mortgage Loans 76,656 63,773 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 5,200 6,005 Acquired Residential Mortgage Loans, held-for-sale 8,530 8,808 Acquired Residential Mortgage Loans, held-for-sale, at fair value 17,043 21,038 Originated Residential Mortgage Loans, held-for-sale, at fair value 13,427 5,158 Total Interest Expense on Residential Mortgage Loans 44,200 41,009 Total Net Interest Income on Residential Mortgage Loans $ 32,456 $ 22,764 Gain on originated mortgage loans, held-for-sale, net NewRez, a wholly owned subsidiary of New Residential, originates, or has in the past originated, 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 the Condensed Consolidated Statements of Income. Gain on originated mortgage loans, held-for-sale, net is summarized below: Three Months Ended 2020 2019 Gain on loans originated and sold, net (A) $ 39,289 $ 27,542 Gain (loss) on settlement of mortgage loan origination derivative instruments (B) (46,314 ) (11,423 ) MSRs retained on transfer of loans (C) 195,896 36,429 Other (D) 16,627 7,280 Realized gain on sale of originated mortgage loans, net $ 205,498 $ 59,828 Change in fair value of loans 22,275 5,349 Change in fair value of interest rate lock commitments (Note 10) 91,249 3,208 Change in fair value of derivative instruments (Note 10) (139,324 ) (1,215 ) Gain on originated mortgage loans, held-for-sale, net $ 179,698 $ 67,170 (A) Includes loan origination fees of $277.0 million and $25.0 million in the three months ended March 31, 2020 and 2019 , respectively. (B) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (C) Represents the initial fair value of the capitalized mortgage servicing rights upon loan sales with servicing retained. (D) 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, 2019 $ 93,672 Purchases 3,910 Transfer of loans to real estate owned 20,240 Sales (A) (34,741 ) Valuation (provision) reversal on REO (1,792 ) Balance at March 31, 2020 $ 81,289 (A) Recognized when control of the property has transferred to the buyer. As of March 31, 2020 , New Residential had residential mortgage loans that were in the process of foreclosure with an unpaid principal balance of $418.9 million . In addition, New Residential has recognized $16.6 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 13 for information on the analysis and assets and liabilities related to these consolidated VIEs.

INVESTMENTS IN CONSUMER LOANS

INVESTMENTS IN CONSUMER LOANS	3 Months Ended
	Mar. 31, 2020
Investments In Consumer Loans Equity Method Investees [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 March 31, 2020 , New Residential owns 53.5% of the limited liability company interests in, and consolidates, the Consumer Loan Companies. New Residential also purchased certain newly originated consumer loans from a third party (“Consumer Loan Seller”). These loans are not held in the Consumer Loan Companies and have been designated as performing consumer loans, held-for-investment. In addition, see “Equity Method Investees” below. The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2020 Consumer Loan Companies Performing Loans $ 606,120 53.5 % $ 627,001 18.8 % 4.0 4.7 % Purchased Credit Deteriorated Loans (C) 158,920 53.5 % 147,606 15.3 % 3.7 9.7 % Other - Performing Loans 6,958 100.0 % 6,214 15.1 % 0.7 5.1 % Total Consumer Loans, held-for-investment $ 771,998 $ 780,821 18.0 % 3.9 5.7 % 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 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments, which are accounted for as PCD loans. See Note 11 regarding the financing of consumer loans. Upon adoption of ASU 2016-13 on January 1, 2020, New Residential elected to apply the fair value option for all consumer loans. The fair value option provides an election which allows a company to irrevocably elect fair value for certain financial asset and liabilities on an instrument-by-instrument basis. The Company elected the fair value option for these loans to better align reported results with the underlying economic changes in value of the loans on the Company’s Condensed Consolidated Balance Sheet. The election of the fair value option resulted in the Company recognizing an adjustment of $19.7 million to reduce retained earnings attributable to the change in the fair value of consumer loans, net of noncontrolling interests. Unrealized gains (losses) from the change in fair value of consumer loans are recognized in Other income (loss), net in the Condensed Consolidated Statements of Income. Realized gains (losses) are recorded in Gain on settlement of investments, net in the Condensed Consolidated Statements of Income. See Note 2. Consumer loans for which the fair value option has been elected are not evaluated for credit impairment as changes in fair value are recorded in the Condensed Consolidated Statements of Income. Interest income is recognized over the life the loan using the effective interest method and is recorded on the accrual basis. The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate fair value of consumer loans as of March 31, 2020 : Days Past Due Unpaid Principal Balance Fair Value Fair Value Over (Under) Unpaid Principal Balance Under 90 Days 755,681 764,479 8,798 90 days or more past due 16,317 16,342 25 Total 771,998 780,821 8,823 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 fair value of consumer loans, held-for-investment were as follows: Balance at December 31, 2019 $ 827,545 Fair value adjustment due to fair value option 36,472 Purchases — Additional fundings (A) 11,002 Proceeds from repayments (61,213 ) Accretion of loan discount and premium amortization, net 6,932 Fair value adjustment (39,917 ) Balance at March 31, 2020 $ 780,821 (A) Represents draws on consumer loans with revolving privileges. 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 accounted for its investment in LoanCo pursuant to the equity method of accounting because it could exercise significant influence over LoanCo but the requirements for consolidation are not met. As of December 31, 2019, LoanCo had distributed all net assets to New Residential. Additionally, 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”). 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. 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 March 31, 2020 and December 31, 2019, the warrants are held on New Residential’s balance sheet in Other Assets and carried at $25.5 million and $28.0 million , respectively. The following table summarizes the income earned from the Company’s investments in LoanCo and WarrantCo during 2019: Three Months Ended 2019 (A) Interest income $ 7,977 Interest expense (2,822 ) Change in fair value of consumer loans and warrants 14,536 Gain on sale of consumer loans (B) (446 ) Other expenses (1,456 ) Net income $ 17,789 New Residential’s equity in net income $ 4,311 New Residential’s ownership 24.2 % (A) Data for the period ended February 28, 2019 as a result of the one month reporting lag. (B) During the three months ended March 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. The following is a summary of LoanCo’s consumer loan investments at March 31, 2019: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2019 (C) $ 259,618 25.0 % $ 259,618 14.0 % 1.3 1.4 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of February 28, 2019 as a result of the one month reporting lag.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , 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 March 31, 2020 , 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. New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows: Balance Sheet Location March 31, 2020 December 31, 2019 Derivative assets Interest Rate Swaps (A) Other assets $ 48 $ 155 Interest Rate Lock Commitments Other assets 132,568 41,346 $ 132,616 $ 41,501 Derivative liabilities Interest Rate Lock Commitments Accrued expenses and other liabilities $ 1,428 $ 1,455 Forward Loan Sale Commitments Accrued expenses and other liabilities — 27 TBAs Accrued expenses and other liabilities 158,925 5,403 $ 160,353 $ 6,885 (A) Net of $245.4 million and $171.8 million of related variation margin accounts as of March 31, 2020 and December 31, 2019 , respectively. The following table summarizes notional amounts related to derivatives: March 31, 2020 December 31, 2019 Interest Rate Caps (A) $ 12,500 $ 12,500 Interest Rate Swaps (B) 9,070,000 4,900,000 Interest Rate Lock Commitments 5,861,166 4,043,935 Forward Loan Sale Commitments — 43,654 TBAs, short position (C) 4,245,000 5,048,000 TBAs, long position (C) 13,705,341 11,692,212 (A) As of March 31, 2020 , caps LIBOR at 4.00% for $12.5 million of notional. The weighted average maturity of the interest rate caps as of March 31, 2020 was 8 months. (B) Includes $4.4 billion notional of Receive LIBOR/Pay Fixed of 2.96% and $4.7 billion notional of Receive Fixed of 0.80% /Pay LIBOR with weighted average maturities of 37 months and 36 months, respectively, as of March 31, 2020 . Includes $4.0 billion notional of Receive LIBOR/Pay Fixed of 3.21% and $0.9 billion notional of Receive Fixed of 1.89% /Pay LIBOR with weighted average maturities of 36 months and 87 months, respectively, as of December 31, 2019 . (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes all income (losses) recorded in relation to derivatives: For the 2020 2019 Change in fair value of derivative investments (A) Interest Rate Caps $ — $ 2,776 Interest Rate Swaps (39,982 ) (3 ) Unrealized gains (losses) on Interest Rate Lock Commitments — (28,533 ) (39,982 ) (25,760 ) Gain (loss) on settlement of investments, net Interest Rate Swaps (13,652 ) (16,378 ) TBAs (B) (71,060 ) (76,698 ) (84,712 ) (93,076 ) Gain on originated mortgage loans, held-for-sale, net (A) Interest Rate Lock Commitments 91,249 3,208 TBAs (139,351 ) (1,194 ) Forward Loan Sale Commitments 27 (21 ) (48,075 ) 1,993 Total income (losses) $ (172,769 ) $ (116,843 ) (A) Represents unrealized gains (losses). (B) Excludes $46.3 million and $11.4 million in loss on settlement included within gain on originated mortgage loans, held-for-sale, net (Note 8), for the three months ended March 31, 2020 and 2019 , respectively.

DEBT OBLIGATIONS

DEBT OBLIGATIONS	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS The following table presents certain information regarding New Residential’s debt obligations: March 31, 2020 December 31, 2019 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) $ 302,508 $ 302,508 Apr-20 to Jun-20 1.68 % 0.1 $ 306,566 $ 308,486 $ 318,567 6.8 $ 15,481,677 Non-Agency RMBS (E) 6,131,955 6,131,955 Apr-20 to Sep-20 2.77 % 0.1 25,071,311 6,413,847 5,389,267 2.8 7,317,519 Residential Mortgage Loans (F) 4,311,309 4,309,869 May-20 to May-21 2.70 % 0.8 5,003,435 5,411,739 4,612,611 12.4 5,053,207 Real Estate Owned (G)(H) 69,798 69,798 May-20 to May-21 2.70 % 0.7 N/A N/A 88,221 N/A 63,822 Total Repurchase Agreements 10,815,570 10,814,130 2.71 % 0.4 27,916,225 Notes and Bonds Payable Excess MSRs (I) 308,800 308,800 Feb-22 to Jul-22 4.29 % 2.2 94,182,895 302,878 377,649 6.1 217,300 MSRs (J) 2,546,879 2,541,089 Jun-20 to Jul-24 3.76 % 1.4 424,610,405 4,450,640 4,603,915 5.8 2,640,036 Servicer Advances (K) 2,976,208 2,969,209 Jun-20 to Aug-23 2.49 % 2.0 3,388,387 3,582,852 3,588,437 1.5 3,181,672 Residential Mortgage Loans (L) 431,953 428,218 Apr-20 to Dec-45 4.68 % 8.4 685,168 987,623 633,205 4.6 864,451 Consumer Loans (M) 764,259 767,263 May-36 3.26 % 3.9 764,960 772,715 774,527 3.9 816,689 Total Notes and Bonds Payable 7,028,099 7,014,579 3.25 % 2.4 7,720,148 Total/ Weighted Average $ 17,843,669 $ 17,828,709 2.92 % 1.2 $ 35,636,373 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through April 30, 2020 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $80.4 million of associated accrued interest payable as of March 31, 2020 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $2.9 billion of related trade and other receivables. (E) $5,615.0 million face amount of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates while the remaining $517.0 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 $533.3 million and $697.6 million , respectively, on retained bonds collateralized by Agency MSRs. Collateral amounts also include approximately $3.3 billion of related trade and other receivables. (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 $91.5 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 2.50% and $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: $1,232.8 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% ; $56.9 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 $1,257.2 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 1.00% to 1.98% . 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 $5.0 million note payable to Mr. Cooper which includes a $1.5 million receivable from government agency and bears interest equal to one-month LIBOR plus 2.88% , (ii) $99.9 million fair value of SAFT 2013-1 mortgage-backed securities issued with fixed interest rates ranging from 3.50% to 3.75% (see Note 12 for fair value details), (iii) $176.1 million of MDST Trusts asset-backed notes held by third parties which bear interest equal to 6.60% (see Note 12 for fair value details), and (iv) $150.9 million of asset-backed notes held by third parties which include $1.2 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 composed of the following classes of asset-backed notes held by third parties: $685.1 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 March 31, 2020 , 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 $10.8 billion of repurchase agreements as of March 31, 2020 . 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, 2019 $ 217,300 $ 2,640,036 $ 3,181,672 $ 22,799,196 $ 5,981,480 $ 816,689 $ 35,636,373 Repurchase Agreements: Borrowings — — — 64,122,355 12,058,709 — 76,181,064 Repayments — — — (80,487,088 ) (12,796,116 ) — (93,283,204 ) Capitalized deferred financing costs, net of amortization — — — — 45 — 45 Notes and Bonds Payable: Borrowings 97,173 347,020 1,034,484 — — — 1,478,677 Repayments (5,673 ) (446,681 ) (1,247,762 ) — (419,231 ) (49,549 ) (2,168,896 ) Discount on borrowings, net of amortization — — — — — 123 123 Unrealized loss on notes, fair value — — — — (17,002 ) — (17,002 ) Capitalized deferred financing costs, net of amortization — 714 815 — — — 1,529 Balance at March 31, 2020 $ 308,800 $ 2,541,089 $ 2,969,209 $ 6,434,463 $ 4,807,885 $ 767,263 $ 17,828,709 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances. Maturities New Residential’s debt obligations as of March 31, 2020 had contractual maturities as follows: Year Ending Nonrecourse Recourse Total April 1 through December 31, 2020 $ 134,958 $ 11,639,359 $ 11,774,317 2021 1,227,143 1,090,798 2,317,941 2022 1,271,962 308,800 1,580,762 2023 400,000 361,803 761,803 2024 — 368,593 368,593 2025 and thereafter 1,040,253 — 1,040,253 $ 4,074,316 $ 13,769,353 $ 17,843,669 Borrowing Capacity The following table represents New Residential’s borrowing capacity as of March 31, 2020 : Debt Obligations / Collateral Borrowing Capacity Balance Outstanding Available Financing (A) Repurchase Agreements Residential mortgage loans and REO $ 5,731,188 $ 2,876,008 $ 2,855,180 New loan originations 4,083,000 1,505,099 2,577,901 Non-Agency RMBS 650,000 517,004 132,996 Notes and Bonds Payable Excess MSRs 100,000 91,500 8,500 MSRs 1,575,000 1,289,637 285,363 Servicer advances 1,575,000 1,076,243 498,757 Residential mortgage loans 650,000 150,886 499,114 Consumer loans 150,000 — 150,000 $ 14,514,188 $ 7,506,377 $ 7,007,811 (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. 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 March 31, 2020 .

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT The carrying values and fair values of New Residential’s assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2020 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) $ 85,009,386 $ 363,932 $ — $ — $ 363,932 $ 363,932 Excess mortgage servicing rights, equity method investees, at fair value (A) 33,251,300 119,609 — — 119,609 119,609 Mortgage servicing rights, at fair value (A) 403,706,059 3,934,384 — — 3,934,384 3,934,384 Mortgage servicing rights financing receivables, at fair value 123,066,762 1,604,431 — — — 1,604,431 1,604,431 Servicer advance investments, at fair value 461,723 515,574 — — 515,574 515,574 Real estate and other securities, available-for-sale 20,834,705 2,479,603 — 318,568 2,161,035 2,479,603 Residential mortgage loans, held-for-sale 1,470,604 1,264,533 — — 1,264,533 1,264,533 Residential mortgage loans, held-for-sale, at fair value 3,476,667 3,283,973 — 1,633,481 1,650,492 3,283,973 Residential mortgage loans, held-for-investment, at fair value 919,461 824,183 — — 824,183 824,183 Residential mortgage loans subject to repurchase 197,715 197,715 — 197,715 — 197,715 Consumer loans, held-for-investment, at fair value 771,998 780,821 — — 780,821 780,821 Derivative assets 14,724,133 132,616 — 48 132,568 132,616 Note receivable 46,724 42,787 — — 42,787 42,787 Cash and cash equivalents 360,453 360,453 360,453 — — 360,453 Restricted cash 147,435 147,435 147,435 — — 147,435 Other assets (B) N/A 45,118 2,902 — 42,216 45,118 $ 16,097,167 $ 510,790 $ 2,149,812 $ 13,436,565 $ 16,097,167 Liabilities Repurchase agreements $ 10,815,570 $ 10,814,130 $ — $ 10,815,570 $ — $ 10,815,570 Notes and bonds payable (C) 7,028,099 7,014,579 — — 6,238,923 6,238,923 Residential mortgage loan repurchase liability 197,715 197,715 — 197,715 — 197,715 Derivative liabilities 18,169,875 160,353 — 158,925 1,428 160,353 Excess spread financing 2,839,463 25,614 — — 25,614 25,614 Contingent consideration N/A 56,836 — — 56,836 56,836 $ 18,269,227 $ — $ 11,172,210 $ 6,322,801 $ 17,495,011 (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) 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 $31.9 million as of March 31, 2020 . (C) Includes the SAFT 2013-1 and MDST Trusts mortgage backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $272.3 million as of March 31, 2020 . New Residential’s assets measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) MSRs (A) MSR Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans Consumer Loans Agency Non-Agency Total 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 Transfers Transfers from Level 3 — — — — — — — — (467,263 ) (467,263 ) Transfers to Level 3 — — — — — — — — 440,168 827,545 1,267,713 Shellpoint Acquisition — — — — — — — — — — — Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights — — — — — — — — — — — Gains (losses) included in net income Included in provision (reversal) for credit losses on securities (D) — — — — — — (44,149 ) — — — (44,149 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (5,557 ) (5,467 ) — — — — — — — — (11,024 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — — (457 ) — — — — — — — (457 ) Included in servicing revenue, net (E) — — — (655,800 ) — — — — — — (655,800 ) Included in change in fair value of investments in mortgage servicing rights financing receivables (D) — — — — (104,111 ) — — — — — (104,111 ) Included in change in fair value of servicer advance investments — — — — — (18,749 ) — — — — (18,749 ) Included in change in fair value of investments in residential mortgage loans — — — — — — — — (265,244 ) — (265,244 ) Included in gain (loss) on settlement of investments, net 8 1 — — — — (924,897 ) — — — (924,888 ) Included in other income (loss), net (D) 557 70 — — — — (87,650 ) 91,249 730 (39,916 ) (34,960 ) Gains (losses) included in other comprehensive income (F) — — — — — — (640,403 ) — (6,020 ) 36,472 (609,951 ) Interest income 6,146 7,080 — — — (18,089 ) 67,123 — — 6,932 69,192 Purchases, sales and repayments Purchases — — — 436,395 — 330,140 538,964 — 1,250,157 11,002 2,566,658 Proceeds from sales (31 ) (3 ) — (8,504 ) (3,708 ) — (4,358,894 ) — (2,393,309 ) — (6,764,449 ) Proceeds from repayments (10,589 ) (8,030 ) (5,530 ) (1,563 ) (6,023 ) (359,505 ) (346,844 ) — (83,369 ) (61,214 ) (882,667 ) Originations and other — — — 195,896 — — — — — — 195,896 Balance at March 31, 2020 $ 200,167 $ 163,765 $ 119,609 $ 3,934,384 $ 1,604,431 $ 515,574 $ 2,161,035 $ 131,140 $ 2,474,675 $ 780,821 $ 12,085,601 (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) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income. 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, 2019 $ 31,777 $ 659,738 $ 55,222 $ 746,737 Transfers Transfers from Level 3 — — — — Transfers to Level 3 — — — — Acquisition — — — — Gains (losses) included in net income Included in provision (reversal) for credit losses on securities (A) — — — — 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 (A) — — — — Included in servicing revenue, net (B) (6,425 ) — — (6,425 ) 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 — (17,002 ) — (17,002 ) Included in gain (loss) on settlement of investments, net — — — — Included in other income (A) — — 1,614 1,614 Gains (losses) included in other comprehensive income, net of tax (C) — — — — Interest income — — — — Purchases, sales and repayments Purchases — — — — Proceeds from sales — — — — Payments — (368,979 ) — (368,979 ) Other 262 (1,465 ) — (1,203 ) Balance at March 31, 2020 $ 25,614 $ 272,292 $ 56,836 $ 354,742 (A) 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. (B) The components of Servicing revenue, net are disclosed in Note 5. (C) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income. Investments in Excess MSRs, Excess MSRs Equity Method Investees, MSRs and MSR Financing Receivables Valuation The following table summarizes certain information regarding the ranges and weighted averages of inputs used as of March 31, 2020 : Significant Inputs (A) Prepayment (B) Delinquency (C) Recapture (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 5.7% - 10.2% (8.1%) 0.0% - 4.8% (1.7%) 4.4% - 28.7% (18.5%) 15 - 31 (21) 15 - 22 (20) Recaptured Pools 6.4% - 11.2% (10.1%) 0.1% - 4.0% (0.8%) 0.0% - 35.7% (26.3%) 20 - 29 (23) 20 - 24 (23) 5.7% - 11.2% (8.7%) 0.0% - 4.8% (1.4%) 0.0% - 35.7% (21.0%) 15 - 31 (22) 15 - 24 (21) Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 7.8% - 11.9% (8.9%) N/A 0.0% - 14.2% (12.5%) 5 - 25 (15) 19 - 31 (23) Recaptured Pools 6.2% - 7.5% (7.1%) N/A 12.3% - 16.5% (14.9%) 22 - 27 (25) 21 - 24 (23) 6.2% - 11.9% (8.6%) N/A 0.0% - 16.5% (12.9%) 5 - 27 (16) 19 - 31 (23) Total/Weighted Average — Excess MSRs Directly Held 5.7% - 11.9% (8.7%) N/A 0.0% - 35.7% (17.2%) 5 - 31 (19) 15 - 31 (22) Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 8.4% - 9.2% (8.6%) 1.2% - 4.0% (2.1%) 13.7% - 28.6% (19.8%) 15 - 25 (19) 18 - 20 (19) Recaptured Pools 9.4% - 10.2% (9.9%) 0.7% - 1.7% (1.2%) 20.8% - 29.3% (24.6%) 22 - 28 (24) 21 - 24 (22) Total/Weighted Average — Excess MSRs Held through Investees 8.4% - 10.2% (9.2%) 0.7% - 4.0% (1.7%) 13.7% - 29.3% (22.1%) 15 - 28 (21) 18 - 24 (20) Total/Weighted Average — Excess MSRs All Pools 5.7% - 11.9% (8.9%) N/A 0.0% - 35.7% (18.9%) 5 - 31 (20) 15 - 31 (21) MSRs Agency (H) Mortgage Servicing Rights (I) (J) 10.7% - 16.5% (12.0%) 0.1% - 3.4% (1.2%) 5.1% - 25.1% (20.5%) 25 - 33 (28) 0 - 30 (22) MSR Financing Receivables (I) 11.8% - 14.9% (13.1%) 0.5% - 0.8% (0.6%) 12.4% - 18.6% (15.1%) 25 - 29 (27) 0 - 30 (25) 10.7% - 16.5% (12.1%) 0.1% - 3.4% (1.2%) 5.1% - 25.1% (19.8%) 25 - 33 (28) 0 - 30 (22) Non-Agency Mortgage Servicing Rights (I) 8.7% - 11.9% (11.7%) 0.3% - 13.2% (0.9%) 1.9% - 24.5% (23.5%) 26 - 87 (28) 0 - 30 (16) MSR Financing Receivables (I) 8.1% 15.1% 9.4% 48 0 - 30 (25) 8.1% - 11.9% (8.2%) 0.3% - 15.1% (14.8%) 1.9% - 24.5% (9.6%) 26 - 87 (47) 0 - 30 (25) Ginnie Mae Mortgage Servicing Rights (I) (J) 14.3% - 17.0% (15.8%) 2.0% - 6.1% (5.6%) 15.3% - 35.0% (23.9%) 32 - 52 (45) 0 - 30 (27) Total/Weighted Average — MSRs 8.1% - 17.0% (11.8%) 0.1% - 15.1% (4.5%) 1.9% - 35.0% (20.0%) 25 - 87 (34) 0 - 30 (23) (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). A weighted average cost of subservicing of $6.2 - $8.8 ( $7.6 ) per loan per month was used to value the agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $11.20 per loan per month was used to value the Non-Agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $9.70 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 5). 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 March 31, 2020 , a weighted average discount rate of 8.3% (range 8.0% - 8.5% ) was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). As of March 31, 2020 , a weighted average discount rate of 8.2% (range 7.9% - 13.5% ) was used to value New Residential’s investments in MSRs and a weighted average discount rate of 9.4% (range 8.0% - 10.0% ) was used to value New Residential’s investments in MSR financing receivables. Servicer Advance Investments Valuation The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing the Servicer Advance Investments, including the basic fee component of the related MSRs: Significant Inputs 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) March 31, 2020 0.8% - 1.6% (1.6%) 8.2% - 8.7% (8.7%) 5.4% - 17.7% (17.3%) 15.6 - 19.8 (19.6) bps 5.8% - 6.3% (5.8%) 22.5 - 22.7 (22.7) (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 11.0 bps which represents the amount New Residential paid its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool. Real Estate and Other Securities Valuation As of March 31, 2020 , New Residential’s securities valuation methodology and results are further detailed as follows: Fair Value Asset Type Outstanding Face Amount Amortized Cost Basis Multiple Quotes (A) Single Quote (B) Total Level Agency RMBS $ 306,566 $ 308,486 $ 318,568 $ — $ 318,568 2 Non-Agency RMBS (C) 20,528,139 2,239,021 2,139,579 21,456 2,161,035 3 Total $ 20,834,705 $ 2,547,507 $ 2,458,147 $ 21,456 $ 2,479,603 (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 75.8% of New Residential’s Non-Agency RMBS, the ranges and weighted averages 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 $ 1,637,017 1.6% - 11.8% (5.1%) 2.3% - 27.1% (10.5%) 0% - 3.0% (1.0%) 12.9% - 85.6% (43.8%) (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. (C) Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected. Residential Mortgage Loans Valuation New Residential, through its wholly owned subsidiary, NewRez, originates mortgage loans that it intends to sell into Fannie Mae, Freddie Mac, and Ginnie Mae mortgage backed securitizations. Residential mortgage loans held-for-sale, at fair value are typically pooled together and sold into certain exit markets, depending upon underlying attributes of the loan, such as agency eligibility, product type, interest rate, and credit quality. Residential mortgage loans held-for-sale, at fair value are valued 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. As these prices are derived from market observable inputs, New Residential classifies these valuations as Level 2 in the fair value hierarchy. Residential mortgage loans held-for-sale, at fair value also includes certain nonconforming mortgage loans originated for sale to private investors, which are valued using internal pricing models to forecast loan level cash flows using inputs such as default rates, prepayments speeds and discount rates. As the internal pricing model is based on certain unobservable inputs, New Residential classifies these valuations as Level 3 in the fair value hierarchy. The following table summarizes certain information regarding the ranges and weighted averages of 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 $ 1,527,770 4.1% - 11.0% 0.0% - 14.1% 0.0% - 34.7% 0.0% - 60.0% Originated Loans 122,722 7.0% 14.1% 1.2% 50.0% Residential Mortgage Loans Held-for-Sale, at Fair Value $ 1,650,492 Residential mortgage loans held-for-investment, at fair value includes mortgage loans underlying the SAFT 2013-1 securitization, which are valued using internal pricing models using inputs such as default rates, prepayment speeds and discount rates. As the internal pricing model is based on certain unobservable inputs, New Residential classifies these valuations as Level 3 in the fair value hierarchy. The following table summarizes certain information regarding the ranges and weighted averages of 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 $ 824,183 4.0% - 10.5% 3.0% - 15.0% 2.0% - 2.9% 20.0% - 47.9% Derivative Valuation New Residential enters into economic hedges including interest rate swaps, caps and TBAs, which are categorized as Level 2 in the valuation hierarchy. New Residential generally values such derivatives using quotations, similarly to the method of valuation used for New Residential’s other assets that are classified as Level 2 in the fair value hierarchy. As a part of the mortgage loan origination business, New Residential enters into forward loan sale and securities delivery commitments, which are valued based on observed market pricing for similar instruments and therefore, are classified as Level 2. In addition, New Residential enters into IRLCs, which are valued using internal pricing models (i) incorporating market pricing for instruments with similar characteristics, (ii) estimating the fair value of the servicing rights expected to be recorded at sale of the loan and (iii) adjusting for anticipated loan funding probability. Both the fair value of servicing rights expected to be recorded at the date of sale of the loan and anticipated loan funding probability are significant unobservable inputs and therefore, IRLCs are classified as Level 3 in the fair value hierarchy. The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing IRLCs: Fair Value Loan Funding Probability Fair Value of initial servicing rights (bps) IRLCs (net) $ 131,140 43% - 100% (76.5%) 2.33 - 306 (139.8) Mortgage-Backed Securities Issued New Residential and NewRez, a wholly owned subsidiary of New Residential, were deemed to be the primary beneficiaries of the MDST Trusts and SAFT 2013-1 securitization entity and therefore, New Residential’s condensed consolidated balance sheets include the mortgage-backed securities issued by the MDST Trusts and SAFT 2013-1, respectively. New Residential elected the fair value option for these financial instruments and the mortgage-backed securities issued were valued consistently with New Residential’s Non-Agency RMBS described above. The following table summarizes certain information regards the ranges and weighted averages of inputs used in valuing Mortgage-Backed Securities Issued: Fair Value Discount Rate Prepayment Rate CDR Loss Severity Mortgage-Backed Securities Issued $ 272,292 4.0% - 7.3% 3.3% - 15.0% 2.0% - 2.8% 20.0% - 30.0% Contingent Consideration Valuation New Residential, as additional consideration for the Shellpoint Acquisition, 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”). On September 5, 2019, New Residential paid $10.0 million as the first of three potential earnout payments. In accordance with ASC 805, New Residential measures its contingent consideration at fair value on a recurring basis using a scenario-based method to weigh the probability of multiple outcomes to arrive at an expected payment cash flow and then discounts the expected cash flow. The inputs utilized in valuing the contingent consideration include a discount rate of 11% and the application of probability weighting of income scenarios, which are significant unobservable inputs and therefore, contingent consideration is classified as Level 3 in the fair value hierarchy. In addition, as additional consideration for the Guardian Acquisition, New Residential may make up to four cash earnout payments, calculated as the amount of cumulative Guardian earnings on specified contracts in excess of certain thresholds up to an aggregate maximum amount of $17.5 million (the “Guardian Earnout Payments”), which will be calculated following the end of each calendar year with the final payment being calculated as of the fourth anniversary date of the Guardian closing. As described above, in accordance with ASC 805, New Residential measures its contingent consideration at fair value on a recurring basis using a scenario-based method to weigh the probability of multiple outcomes to arrive at an expected payment cash flow and then discounts the expected cash flow. The inputs utilized in valuing the contingent consideration include a discount rate of 11% and the application of probability weighting of income scenarios, which are significant unobservable inputs and therefore, contingent consideration is classified as Level 3 in the fair value hierarchy. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis; that is, they are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances, such as when there is evidence of impairment. For residential mortgage loans held-for-sale and foreclosed real estate accounted for as REO, New Residential applies the lower of cost or fair value accounting and may be required, from time to time, to record a nonrecurring fair value adjustment. At March 31, 2020 , assets measured at fair value on a nonrecurring basis were $1,312.2 million . The $1,312.2 million of assets include approximately $1,264.5 million of residential mortgage loans held-for-sale and $47.7 million of REO. The fair value of New Residential’s residential mortgage loans, held-for-sale is estimated based on a discounted cash flow model analysis using internal pricing models and is categorized within Level 3 of the fair value hierarchy. The following table summarizes the inputs used in valuing these residential mortgage loans as of March 31, 2020 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Performing Loans $ 753,288 5.0% - 11.0% 2.4 - 4.8 4.3% - 20.0% 1.3% - 34.7% 0.0% - 100.0% Non-Performing Loans 511,245 5.8% - 8.5% 2.3 - 5.1 2.0% - 6.3% 2.7% - 2.9% 18.9% - 30.0% Total/Weighted Average $ 1,264,533 7.0% 3.8 6.3% 5.3% 34.9% (A) The weighted average life is based on the expected timing of the receipt of cash flows. (B) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance. (C) Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance. The fair value of REO is estimated using a broker’s price opinion discounted based upon New Residential’s experience with actual liquidation values and, therefore, is categorized within Level 3 of the fair value hierarchy. These discounts to the broker price opinion generally range from 10% - 25% (weighted average of 16% ), depending on the information available to the broker. The total change in the recorded value of assets for which a fair value adjustment has been included in the Condensed Consolidated Statements of Income for the three months ended March 31, 2020 consisted of a valuation allowance of $98.7 million for residential mortgage loans and $1.8 million

CONSOLIDATED VARIABLE INTEREST

CONSOLIDATED VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 . 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 March 31, 2020 , the noncontrolling third-party co-investors and New Residential had previously funded their commitments, however the Buyer may recall $328.4 million and $306.9 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 On October 1, 2019, as a result of New Residential’s acquisition of servicing assets from the bankruptcy estate of Ditech Holding Company and Ditech Financial LLC (“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: Three Months Ended 2020 2019 Residential mortgage loan UPB $ 14,932,876 $ 9,399,416 Weighted average delinquency (A) 2.45 % 2.03 % Net credit losses $ 13,898 $ 3,562 Face amount of debt held by third parties (B) $ 12,907,495 $ 8,306,631 Carrying value of bonds retained by New Residential (C) (D) $ 1,814,333 $ 1,271,126 Cash flows received by New Residential on these bonds $ 79,250 $ 62,845 (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 12 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 March 31, 2020 , 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 March 31, 2020 Assets Servicer advance investments, at fair value $ 500,447 $ — $ — $ — $ 500,447 Residential mortgage loans, held-for-investment, at fair value — — 429,318 — 429,318 Consumer loans, held-for-investment, at fair value — — — 774,607 774,607 Cash and cash equivalents 29,942 22,517 — — 52,459 Restricted cash 4,808 — — 8,825 13,633 Other assets 7 4,656 1,941 11,279 17,883 Total Assets $ 535,204 $ 27,173 $ 431,259 $ 794,711 $ 1,788,347 Liabilities Notes and bonds payable (A) $ 415,036 $ — $ 272,293 $ 771,232 $ 1,458,561 Accrued expenses and other liabilities 1,581 4,481 — 3,885 9,947 Total Liabilities $ 416,617 $ 4,481 $ 272,293 $ 775,117 $ 1,468,508 March 31, 2019 Assets Servicer advance investments, at fair value $ 674,607 $ — $ — $ — $ 674,607 Residential mortgage loans, held-for-investment, at fair value — — 429,229 — 429,229 Consumer loans, held-for-investment — — — 981,931 981,931 Cash and cash equivalents 29,943 16,522 — — 46,465 Restricted cash — — — 9,899 9,899 Other assets 9,608 701 — 14,438 24,747 Total Assets $ 714,158 $ 17,223 $ 429,229 $ 1,006,268 $ 2,166,878 Liabilities Notes and bonds payable (A) $ 514,246 $ 2,225 $ 377,382 $ 973,158 $ 1,867,011 Accrued expenses and other liabilities 2,343 — 2,635 4,106 9,084 Total Liabilities $ 516,589 $ 2,225 $ 380,017 $ 977,264 $ 1,876,095 (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 6), the Shelter JVs, (Note 8), Residential Mortgage Loan trusts (Note 8), and Consumer Loans (Note 9). Others’ interests in the equity of New Residential’s consolidated subsidiaries is computed as follows: March 31, 2020 December 31, 2019 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Total consolidated equity $ 118,591 $ 22,692 $ 49,387 $ 168,207 $ 23,171 $ 46,510 Others’ ownership interest 26.8 % 49.9 % 46.5 % 26.8 % 49.0 % 46.5 % Others’ interest in equity of consolidated subsidiary $ 31,743 $ 11,323 $ 23,512 $ 45,025 $ 11,354 $ 22,171 Others’ interests in the New Residential’s net income (loss) is computed as follows: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Net income $ (42,015 ) $ 2,571 $ (13,330 ) $ 9,155 $ 798 $ 16,042 Others’ ownership interest as a percent of total 26.8 % 49.9 % 46.5 % 26.8 % 51.0 % 46.5 % Others’ interest in net income of consolidated subsidiaries $ (11,247 ) $ 1,283 $ (6,198 ) $ 2,451 $ 407 $ 7,460 (A) As a result, New Residential owned 73.2% and 73.2% of the Buyer, on average during the three months ended March 31, 2020 and 2019 , respectively. See Note 11 regarding the financing of Servicer Advance Investments.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2020
Equity and Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends 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 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”). 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 three months ended March 31, 2020, New Residential sold 0.1 million ATM Shares for an aggregate proceeds of $1.6 million . In connection with the shares sold under the ATM program, New Residential granted options to the Manager relating to 0.01 million shares of New Residential’s common stock at the offering price, which had fair value of approximately $0.2 million as of the grant date. The following table summarizes the Company’s ATM Program activity: Month Number of Common shares Average price per share Gross Proceeds Fees Net Proceeds January 1, 2020 - March 31, 2020 97,394 $ 17.06 $ 1,662 $ 12 $ 1,650 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 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 February 14, 2020, in a public offering, New Residential issued 16.1 million 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 $389.5 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 1.6 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 $ 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. The table below summarizes Preferred Shares: Three Months Ended Series Number of Shares Liquidation Preference Issuance Discount Carrying Value Dividend Fixed-to-floating rate cumulative redeemable preferred: Preferred Series A, 7.50% Issued July 2019 6,210 $ 155,250 3.15 % $ 150,026 $ 0.47 Preferred Series B, 7.125% Issued August 2019 11,300 282,500 3.15 % 273,418 $ 0.45 Preferred Series C, 6.375% Issued February 2020 16,100 402,500 3.15 % 389,548 $ 0.40 Total 33,610 $ 840,250 $ 812,992 On March 23, 2020 , New Residential’s board of directors declared a first quarter 2020 preferred dividends of $0.47 per share of Preferred Series A, $0.45 per share of Preferred Series B, and $0.40 of Preferred Series C or $2.9 million , $5.1 million , and $ 6.4 million respectively. Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, at March 31, 2020 . 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. No share repurchases have been made as of the date of issuance of these condensed consolidated financial statements. The share repurchase program may be suspended or discontinued at any time. Option Plan As of March 31, 2020 , New Residential’s outstanding options were summarized as follows: Held by the Manager 10,860,706 Issued to the Manager and subsequently assigned to certain of the Manager’s employees 3,560,949 Issued to the independent directors 7,000 Total 14,428,655 The following table summarizes New Residential’s outstanding options as of March 31, 2020 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2020 was $5.01 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of March 31, 2020 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) Directors Various 7,000 7,000 $ 13.57 $ — Manager (C) 2017 1,130,916 1,130,916 13.95 — Manager (C) 2018 5,320,000 3,576,631 16.65 — Manager (C) 2019 6,351,000 2,422,600 16.17 — Manager (C) 2020 1,619,739 53,991 17.41 — Outstanding 14,428,655 7,191,138 (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 $13.95 1,130,916 2018 $16.54 to $18.01 1,159,833 2019 $15.13 to $16.67 1,270,200 Total 3,560,949 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2019 outstanding options 12,808,916 Options granted 1,619,739 $ 17.41 Options exercised — $ — Options expired unexercised — March 31, 2020 outstanding options 14,428,655 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 recorded a net loss during the three months ended March 31, 2020 , as such the outstanding stock options, under the treasury method, would be anti-dilutive. During the three months ended March 31, 2019 , based on the treasury stock method, New Residential had 321,144 dilutive common stock equivalents outstanding. The following table summarizes the basic and diluted earnings per share calculations: Three Months Ended 2020 2019 Net income (loss) $ (1,607,255 ) $ 155,912 Noncontrolling interests in income of consolidated subsidiaries (16,162 ) 10,318 Dividends on preferred stock 11,222 — Net income (loss) attributable to common stockholders $ (1,602,315 ) $ 145,594 Basic weighted average shares of common stock outstanding 415,589,155 388,279,931 Dilutive effect of stock options (A) — 321,144 Diluted weighted average shares of common stock outstanding 415,589,155 388,601,075 Basic earnings per share attributable to common stockholders $ (3.86 ) $ 0.37 Diluted earnings per share attributable to common stockholders $ (3.86 ) $ 0.37 (A) Stock options that could potentially dilute basic earnings per share in the future were not included in the computation of diluted earnings per share, for the periods where a loss has been recorded because they would have been anti-dilutive for the period presented. Noncontrolling Interests Noncontrolling interests is composed of the interests held by third parties in consolidated entities that hold New Residential’s Servicer Advance Investments (Note 6), Shelter JVs (Note 8) and Consumer Loans (Note 9).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , New Residential had outstanding capital commitments related to investments in the following investment types (also refer to Note 5 for MSR investment commitments and to Note 19 for additional capital commitments entered into subsequent to March 31, 2020 , 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 they are 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. Notes 5 and 6 for discussion on New Residential’s Investments in MSRs and Servicer Advance Investments. Mortgage Origination Reserves — NewRez, a wholly owned subsidiary of New Residential, currently originates, or has in the past originated, 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 March 31, 2020 , New Residential’s estimated liability associated with representations and warranties and Ginnie Mae repurchases was $11.1 million and $197.7 million , respectively. See Notes 5 and 8 for information on New Residential’s Ginnie Mae Buy-Back Option and mortgage origination, respectively. Residential Mortgage Loans — As part of its investment in residential mortgage loans, New Residential may be required to outlay capital. These capital outflows primarily consist of advance escrow and tax payments, residential maintenance and property disposition fees. The actual amount of these outflows is subject to significant uncertainty. See Note 8 for information on New Residential’s investments in residential mortgage loans. Consumer Loans — The Consumer Loan Companies have invested in loans with an aggregate of $267.5 million of unfunded and available revolving credit privileges as of March 31, 2020 . 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. Future commitments under non-cancelable leases are approximately $41.2 million . Environmental Costs — As a residential real estate owner, New Residential is subject to potential environmental costs. At March 31, 2020 , New Residential is not aware of any environmental concerns that would have a material adverse effect on its consolidated financial position or results of operations. Debt Covenants — New Residential’s debt obligations contain various customary loan covenants (Note 11). Certain Tax-Related Covenants — If New Residential is treated as a successor to Drive Shack 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	3 Months Ended
	Mar. 31, 2020
Transactions With Affiliates And Affiliated Entities
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES New Residential is party to a Management Agreement with its Manager which provides for automatically renewing one -year terms subject to certain termination rights. The Manager’s performance is reviewed annually and the Management Agreement may be terminated by New Residential by payment of a termination fee, as defined in the Management Agreement, equal to the amount of management fees earned by the Manager during the 12 consecutive calendar months immediately preceding the termination, upon the affirmative vote of at least two-thirds of the independent directors, or by a majority vote of the holders of common stock. If the Management Agreement is terminated, the Manager may require New Residential to purchase from the Manager the right of the Manager to receive the Incentive Compensation. In exchange therefor, New Residential would be obligated to pay the Manager a cash purchase price equal to the amount of the Incentive Compensation that would be paid to the Manager if all of New Residential’s assets were sold for cash at their then current fair market value (taking into account, among other things, expected future performance of the underlying investments). Pursuant to the Management Agreement, the Manager, under the supervision of New Residential’s board of directors, formulates investment strategies, arranges for the acquisition of assets and associated financing, monitors the performance of New Residential’s assets and provides certain advisory, administrative and managerial services in connection with the operations of New Residential. The Manager is entitled to receive a management fee in an amount equal to 1.5% per annum of New Residential’s gross equity calculated and payable monthly in arrears in cash. Gross equity is generally (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. In March 2020, the Company and certain of its subsidiaries sold (collectively, the “Sale”) through a broker-dealer to six purchasers (collectively, “the Purchasers”) of a portfolio consisting of non-agency residential mortgage-backed securities with an aggregate face value of approximately $6.1 billion (the “Securities”). The Sale generated proceeds of approximately $3.3 billion in the aggregate, excluding any unpaid but accrued interest. The Purchasers included an entity affiliated with funds managed by an affiliate of the Company’s manager (the “Fortress Purchaser”), which purchased approximately $1.85 billion of Securities in aggregate face value for approximately $1.0 billion . In connection with the sale of the Securities to the Fortress Purchaser, the Company agreed to exercise certain rights, including call rights, that the Company holds under the securitization transactions with respect to the Securities sold to the Fortress Purchaser solely upon written direction by the Fortress Purchaser. Such rights include the rights, if any, to (i) amend and/or terminate the transactions contemplated by certain related residential mortgage servicing agreements, securitization trust agreements, pooling and servicing agreements or other agreements, (ii) acquire certain of the related residential mortgage loans, real estate owned and certain other assets in the trust subject to such residential mortgage servicing agreements, securitization trust agreements, pooling and servicing agreements or other agreements in connection with such amendment or termination against delivery of the applicable termination payment, and (iii) if applicable, direct certain related servicers, holders of subordinate securities and/or other applicable parties, to exercise the rights in (i) and (ii). Pursuant to such agreement, the Company and the Fortress Purchaser would share equally in any profits or losses arising from the exercise of any such rights, other than if the Company elects not to participate in the related transaction, in which case the Fortress Purchaser would realize all of the profits and bear all of the losses with respect thereto. Due to affiliates is composed of the following amounts: March 31, 2020 December 31, 2019 Management fees $ 14,722 $ 7,076 Incentive compensation — 91,892 Expense reimbursements and other 2,494 4,914 Total $ 17,216 $ 103,882 Affiliate expenses and fees were composed of: Three Months Ended 2020 2019 Management fees $ 21,721 $ 17,960 Incentive compensation — 12,958 Expense reimbursements (A) 125 125 Total $ 21,846 $ 31,043 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income. See Note 4 regarding co-investments with Fortress-managed funds. See Note 14 regarding options granted to the Manager.

RECLASSIFICATION FROM ACCUMULAT

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income: Three Months Ended Accumulated Other Comprehensive Income Components Statement of Income Location 2020 2019 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (754,540 ) $ (65,196 ) Reclassification of net realized (gain) loss on securities into earnings Provision (reversal) for credit losses on securities 44,149 7,516 Total reclassifications $ (710,391 ) $ (57,680 ) New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented, as no taxable subsidiary generated other comprehensive income.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense (benefit) consists of the following: Three Months Ended 2020 2019 Current: Federal $ — $ (413 ) State and Local 49 79 Total Current Income Tax Expense (Benefit) 49 (334 ) Deferred: Federal (127,526 ) 37,146 State and Local (39,391 ) 9,185 Total Deferred Income Tax Expense (Benefit) (166,917 ) 46,331 Total Income Tax (Benefit) Expense $ (166,868 ) $ 45,997 New Residential intends to qualify as a REIT for each of its tax years through December 31, 2020 . A REIT is generally not subject to U.S. federal corporate income tax on that portion of its income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. New Residential operates various securitization vehicles and has made certain investments, particularly its investments in MSRs (Note 5), Servicer Advance Investments (Note 6) and REO (Note 8), through taxable REIT subsidiaries (“TRSs”) that are subject to regular corporate income taxes which have been provided for in the provision for income taxes, as applicable. New Residential has recorded a net deferred tax asset of approximately $176.2 million as of March 31, 2020 , primarily related to unrealized losses and net operating loss carry forwards. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. The CARES Act provides economic relief to eligible businesses and individuals impacted by the novel coronavirus outbreak and includes numerous tax provisions. While the Company is continuing to monitor and evaluate the impact of the CARES Act and other COVID-19-related legislation, there was no material impact on the Company’s tax provision as of March 31, 2020 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These financial statements include a discussion of material events that have occurred subsequent to March 31, 2020 (referred to as “subsequent events”) through the issuance of these condensed consolidated financial statements. Events subsequent to that date have not been considered in these financial statements. In April 2020, the Company entered into amendments to its existing servicing advance credit facilities with one of its lenders. The material terms of the amendments provide for an increase on the Company’s existing facilities by an additional $1.3 billion in the aggregate to finance servicing advances. The applicable advance rates depend upon asset type and characteristics and the interest rate is based on one-month LIBOR plus a spread of 2.50% . The maturity date of the facilities is April 2021.

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Statements	The accompanying condensed 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 Condensed 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.
Recent Accounting Pronouncements	In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments (“CECL”) . 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 requires 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. The standard provides an option to elect the fair value option for certain investments as an alternative to adopting ASU 2016-13. Lastly, an entity is required to apply ASU 2016-13 using the modified retrospective approach which requires a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The standard was effective for New Residential in the first quarter of 2020. Upon adoption of the standard, New Residential elected the fair value option on its held for investment residential mortgage and consumer loans portfolios. As a result, the Company recognized a positive adjustment of $13.7 million to retained earnings, composed of an $19.7 million increase attributable to the change in the fair value of consumer loans, net of noncontrolling interests, partially offset by a $6.0 million decrease attributable to the change in fair value of residential mortgage loans. For servicer advance investments and receivables, the Company determined credit-related losses are not significant because of the contractual relationships with the agencies. For other assets, primarily trade receivables, the Company determined that these are short-term in nature (less than one year), and the estimated credit-related losses over the life of these receivables are not significant. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment (Topic 350) . 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 2017-04 was effective for New Residential in the first quarter of 2020. New Residential early adopted the standard starting in 2019. The adoption of ASU 2017-04 did not have a material impact on the condensed consolidated financial statements. In August 2018, the FASB issued ASU 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 2018-13 was effective for New Residential in the first quarter of 2020. The adoption of ASU 2018-13 did not have a material impact on the condensed 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 early adopted this guidance in 2019. The adoption of ASU No. 2019-12 did not have a material impact on the condensed consolidated financial statements.

OTHER INCOME, GENERAL AND ADM_2

OTHER INCOME, GENERAL AND ADMINSTRATIVE, OTHER ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Other Income Assets And Liabilities
Schedule of Gain (Loss) on Settlement of Investments	This item is comprised of the following: Three Months Ended 2020 2019 Gain (loss) on sale of real estate securities, net $ (754,540 ) $ 65,196 Gain (loss) on sale of acquired residential mortgage loans, net 35,236 3,183 Gain (loss) on settlement of derivatives (84,712 ) (93,076 ) Gain (loss) on liquidated residential mortgage loans (839 ) (2,489 ) Gain (loss) on sale of REO 1,173 (1,725 ) Other gains (losses) 4,110 (14,257 ) $ (799,572 ) $ (43,168 )
Schedule of Other Income	This item is comprised of the following: Three Months Ended 2020 2019 Unrealized gain (loss) on notes and bonds payable $ 17,002 $ (1,137 ) Unrealized gain (loss) on contingent consideration (1,614 ) (2,045 ) Unrealized gain (loss) on consumer loans held-for-investment, at fair value (39,917 ) — Unrealized gain (loss) on equity investments (45,023 ) (73 ) Gain (loss) on transfer of loans to REO 2,595 4,984 Gain (loss) on transfer of loans to other assets (241 ) (521 ) Gain (loss) on Excess MSR recapture agreements 628 307 Gain (loss) on Ocwen common stock (5,050 ) 2,786 Rental and ancillary revenue 19,607 — Other income (loss) (24,717 ) 1,694 $ (76,730 ) $ 5,995
Schedule of General and Administrative Expenses	Expenses is comprised of the following: Three Months Ended 2020 2019 Compensation and benefits expense, servicing $ 51,341 $ 25,301 Compensation and benefits expense, origination 61,278 31,310 Legal and professional expense 26,037 13,292 Loan origination expense 22,400 10,269 Occupancy expense 8,064 4,179 Other (A) 37,243 14,589 $ 206,363 $ 98,940 (A) Represents miscellaneous general and administrative expenses.
Schedule of Other Assets and Liabilities	Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 Margin receivable, net (A) $ 733,624 $ 280,176 MSR purchase price holdback $ 93,882 $ 75,348 Servicing fee receivables 153,137 159,607 Interest payable 37,585 68,668 Due from servicers 140,024 163,961 Accounts payable 138,585 119,771 Principal and interest receivable 48,895 85,191 Derivative liabilities (Note 10) 160,353 6,885 Equity investments (B) 69,533 114,763 Due to servicers 119,285 127,846 Other receivables 84,287 117,045 Residential mortgage loan repurchase liability 197,715 172,336 Real Estate Owned 81,289 93,672 Contingent Consideration 56,836 55,222 Single-family rental properties 26,661 24,133 Accrued compensation and benefits 28,644 41,228 Goodwill (C) 29,468 29,737 Excess spread financing, at fair value 25,614 31,777 Notes Receivable (D) 45,287 37,001 Operating lease liabilities 38,568 38,520 Warrants, at fair value 25,519 28,042 Reserve for sales recourse 11,144 12,549 Recovery asset 20,921 23,100 Other liabilities 59,929 22,976 Residential mortgage loans subject to repurchase 197,715 172,336 $ 968,140 $ 773,126 Property and equipment 23,271 18,018 Receivable from government agency (E) 18,020 19,670 Intangible assets 36,496 40,963 Prepaid expenses 20,862 19,249 Operating lease right-of-use asset 32,544 32,120 Derivative assets (Note 10) 132,616 41,501 Ocwen common stock, at fair value 2,902 7,952 Other assets 48,396 51,230 $ 1,971,467 $ 1,559,467 (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) Includes goodwill derived from the acquisition of Shellpoint Partners LLC (“Shellpoint”) as well as Guardian Asset Management, a leading national provider of field services and property management to government agencies, financial institutions and asset management firms. (D) Represents a subordinated debt facility to Covius. (E) 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.
Schedule of Accretion and Other Amortization	As reflected on the Condensed Consolidated Statements of Cash Flows, this item is comprised of the following: Three Months Ended 2020 2019 Accretion of net discount on securities and loans (A) $ 40,052 $ 141,586 Accretion of servicer advances receivable discount and servicer advance investments (10,915 ) 7,511 Accretion of excess mortgage servicing rights income 13,226 5,115 Amortization of deferred financing costs (1,136 ) (863 ) Amortization of discount on notes and bonds payable (123 ) (455 ) $ 41,104 $ 152,894 (A)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2020
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 Three Months Ended March 31, 2020 Interest income $ 16,735 $ 7,487 $ 99,353 $ — $ 123,575 $ 184,005 $ 59,921 $ 34,872 $ — $ 402,373 Interest expense 13,427 196 57,783 — 71,406 108,009 30,773 6,667 — 216,855 Net interest income 3,308 7,291 41,570 — 52,169 75,996 29,148 28,205 — 185,518 Impairment — — — — — 44,149 100,496 — — 144,645 Servicing revenue, net (1,078 ) 86,742 (350,587 ) (24,192 ) (289,115 ) — — — — (289,115 ) Gain on originated mortgage loans, held-for-sale, net 158,215 259 22,088 (9,375 ) 171,187 — 8,511 — — 179,698 Other income (loss) (16 ) 499 (156,933 ) — (156,450 ) (966,039 ) (192,271 ) (40,751 ) (47,150 ) (1,402,661 ) Operating expenses 100,212 64,352 108,072 (24,192 ) 248,444 6,854 16,756 3,883 26,981 302,918 Income (loss) before income taxes 60,217 30,439 (551,934 ) (9,375 ) (470,653 ) (941,046 ) (271,864 ) (16,429 ) (74,131 ) (1,774,123 ) Income tax expense (benefit) 11,958 6,045 (109,785 ) — (91,782 ) — (75,201 ) 115 — (166,868 ) Net income (loss) $ 48,259 $ 24,394 $ (442,149 ) $ (9,375 ) $ (378,871 ) $ (941,046 ) $ (196,663 ) $ (16,544 ) $ (74,131 ) $ (1,607,255 ) Noncontrolling interests in income (loss) of consolidated subsidiaries $ 1,283 $ — $ (11,247 ) $ — $ (9,964 ) $ — $ — $ (6,198 ) $ — $ (16,162 ) Dividends on preferred stock $ — $ — $ — $ — $ — $ — $ — $ — $ 11,222 $ 11,222 Net income (loss) attributable to common stockholders $ 46,976 $ 24,394 $ (430,902 ) $ (9,375 ) $ (368,907 ) $ (941,046 ) $ (196,663 ) $ (10,346 ) $ (85,353 ) $ (1,602,315 ) 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 March 31, 2020 Investments $ 1,491,206 $ — $ 6,537,930 $ — $ 8,029,136 $ 2,479,603 $ 4,187,148 $ 780,821 $ — $ 15,476,708 Cash and cash equivalents 76,752 14,032 161,778 — 252,562 101,646 560 4,382 1,303 360,453 Restricted cash 4,907 4,881 105,611 — 115,399 — — 32,036 — 147,435 Other assets 403,277 274,883 3,023,482 — 3,701,642 4,064,232 310,095 65,602 37,840 8,179,411 Goodwill 11,836 12,540 5,092 — 29,468 — — — — 29,468 Total assets $ 1,987,978 $ 306,336 $ 9,833,893 $ — $ 12,128,207 $ 6,645,481 $ 4,497,803 $ 882,841 $ 39,143 $ 24,193,475 Debt $ 1,352,846 $ 21,157 $ 6,332,172 $ — $ 7,706,175 $ 5,892,709 $ 3,455,028 $ 774,797 $ — $ 17,828,709 Other liabilities 244,137 73,889 384,496 — 702,522 218,654 53,854 7,389 51,883 1,034,302 Total liabilities 1,596,983 95,046 6,716,668 — 8,408,697 6,111,363 3,508,882 782,186 51,883 18,863,011 Total equity 390,995 211,290 3,117,225 — 3,719,510 534,118 988,921 100,655 (12,740 ) 5,330,464 Noncontrolling interests in equity of consolidated subsidiaries 11,323 — 31,743 — 43,066 — — 23,512 — 66,578 Total New Residential stockholders’ equity $ 379,672 $ 211,290 $ 3,085,482 $ — $ 3,676,444 $ 534,118 $ 988,921 $ 77,143 $ (12,740 ) $ 5,263,886 Investments in equity method investees $ — $ — $ 156,731 $ — $ 156,731 $ — $ — $ — $ — $ 156,731 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 Three Months Ended March 31, 2019 Interest income $ 5,584 $ 6,183 $ 120,033 $ — $ 131,800 $ 204,473 $ 58,189 $ 44,405 $ — $ 438,867 Interest expense 5,158 197 61,131 — 66,486 101,300 35,851 9,195 — 212,832 Net interest income 426 5,986 58,902 — 65,314 103,173 22,338 35,210 — 226,035 Impairment — — — — — 7,516 (5,804 ) 11,084 — 12,796 Servicing revenue, net (270 ) 43,521 128,737 (6,135 ) 165,853 — — — — 165,853 Gain on sale of originated mortgage loans, net 50,812 89 9,510 (9,085 ) 51,326 — 15,844 — — 67,170 Other income (loss) 1,059 — (21,865 ) — (20,806 ) (46,958 ) (3,445 ) 4,531 2,712 (63,966 ) Operating expenses 46,363 36,123 50,491 (6,135 ) 126,842 1,189 9,320 7,427 35,609 180,387 Income (loss) before income taxes 5,664 13,473 124,793 (9,085 ) 134,845 47,510 31,221 21,230 (32,897 ) 201,909 Income tax expense (benefit) 1,549 3,686 34,139 — 39,374 — 6,544 79 — 45,997 Net income (loss) $ 4,115 $ 9,787 $ 90,654 $ (9,085 ) $ 95,471 $ 47,510 $ 24,677 $ 21,151 $ (32,897 ) $ 155,912 Noncontrolling interests in income (loss) of consolidated subsidiaries $ 407 $ — $ 2,451 $ — $ 2,858 $ — $ — $ 7,460 $ — $ 10,318 Dividends on Preferred Stock $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Net income (loss) attributable to common stockholders $ 3,708 $ 9,787 $ 88,203 $ (9,085 ) $ 92,613 $ 47,510 $ 24,677 $ 13,691 $ (32,897 ) $ 145,594

INVESTMENTS IN EXCESS MORTGAG_2

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2020
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Total Balance as of December 31, 2019 $ 377,692 $ 2,055 $ 379,747 Purchases — — — Interest income 13,150 76 13,226 Other income 636 — 636 Proceeds from repayments (18,503 ) (116 ) (18,619 ) Proceeds from sales (34 ) — (34 ) Change in fair value (11,059 ) 35 (11,024 ) Balance as of March 31, 2020 $ 361,882 $ 2,050 $ 363,932 (A) Specialized Loan Servicing LLC (“SLS”). 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, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 Purchases, net (A) 436,395 — 436,395 Originations (B) 195,896 — 195,896 Prepayments (C) (1,563 ) (6,023 ) (7,586 ) Proceeds from sales (8,504 ) (3,708 ) (12,212 ) Amortization of servicing rights (D) (193,243 ) (68,752 ) (261,995 ) Change in valuation inputs and assumptions (E) (468,260 ) (33,610 ) (501,870 ) (Gain)/loss on sales 5,703 (1,749 ) 3,954 Balance as of March 31, 2020 $ 3,934,384 $ 1,604,431 $ 5,538,815 (A) Net of purchase price adjustments. (B) Represents MSRs retained on the sale of originated mortgage loans. (C) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (D) 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. (E) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of March 31, 2020 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) MSRs: Agency (C) $ 339,416,358 5.3 $ 3,227,788 Non-Agency 6,630,753 5.5 16,669 Ginnie Mae (D) 57,658,948 4.8 689,927 403,706,059 5.2 3,934,384 MSR Financing Receivables: Agency 49,533,672 5.2 491,681 Non-Agency 73,533,090 7.8 1,112,750 123,066,762 6.8 1,604,431 Total $ 526,772,821 5.6 $ 5,538,815 (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 March 31, 2020 , weighted average discount rates of 8.2% and 9.4% were used to value New Residential’s investments in MSRs and MSR financing receivables, respectively. (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 March 31, 2020 , New Residential holds approximately $197.7 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Condensed Consolidated Balance Sheets.
Summary of Direct Investments in Excess MSRs	The following is a summary of New Residential’s direct investments in Excess MSRs: March 31, 2020 December 31, 2019 UPB of Underlying Mortgages Interest in Excess MSR Weighted Average Life Years (A) Amortized Cost Basis (B) Carrying Value (C) Carrying Value (C) New Residential (D) Fortress-managed funds Mr. Cooper Agency Original and Recaptured Pools $ 41,702,867 32.5% - 66.7% (53.3%) 0.0% - 40.0% 20.0% - 35.0% 5.7 $ 174,694 $ 200,167 $ 209,633 Non-Agency (E) Mr. Cooper and SLS Serviced: Original and Recaptured Pools $ 43,306,519 33.3% - 100.0% (59.4%) 0.0% - 50.0% 0.0% - 33.3% 6.7 $ 123,992 $ 163,765 $ 170,114 Total $ 85,009,386 6.1 $ 298,686 $ 363,932 $ 379,747 (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 March 31, 2020 (Note 6) on $30.0 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is composed of the following: Three Months Ended 2020 2019 Original and Recaptured Pools $ (11,024 ) $ 4,627
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: March 31, 2020 December 31, 2019 Excess MSR assets $ 214,950 $ 226,843 Other assets 24,954 25,035 Other liabilities (687 ) (687 ) Equity $ 239,217 $ 251,191 New Residential’s investment $ 119,609 $ 125,596 New Residential’s ownership 50.0 % 50.0 % Three Months Ended 2020 2019 Interest income $ 7,313 $ 4,070 Other income (loss) (8,219 ) 1,170 Expenses (8 ) (16 ) Net income (loss) $ (914 ) $ 5,224 The following table summarizes the activity of New Residential’s investments in equity method investees: Balance at December 31, 2019 $ 125,596 Contributions to equity method investees — Distributions of earnings from equity method investees (387 ) Distributions of capital from equity method investees (5,143 ) Change in fair value of investments in equity method investees (457 ) Balance at March 31, 2020 $ 119,609 The following table summarizes the income earned from the Company’s investments in LoanCo and WarrantCo during 2019: Three Months Ended 2019 (A) Interest income $ 7,977 Interest expense (2,822 ) Change in fair value of consumer loans and warrants 14,536 Gain on sale of consumer loans (B) (446 ) Other expenses (1,456 ) Net income $ 17,789 New Residential’s equity in net income $ 4,311 New Residential’s ownership 24.2 % (A) Data for the period ended February 28, 2019 as a result of the one month reporting lag. (B) During the three months ended March 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. The following is a summary of LoanCo’s consumer loan investments at March 31, 2019: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2019 (C) $ 259,618 25.0 % $ 259,618 14.0 % 1.3 1.4 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of February 28, 2019 as a result of the one month reporting lag.
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: March 31, 2020 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 $ 33,251,300 66.7 % 50.0 % $ 165,403 $ 214,950 5.6 (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)	3 Months Ended
	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The following table presents activity related to the carrying value of New Residential’s direct investments in Excess MSRs: Servicer Mr. Cooper SLS (A) Total Balance as of December 31, 2019 $ 377,692 $ 2,055 $ 379,747 Purchases — — — Interest income 13,150 76 13,226 Other income 636 — 636 Proceeds from repayments (18,503 ) (116 ) (18,619 ) Proceeds from sales (34 ) — (34 ) Change in fair value (11,059 ) 35 (11,024 ) Balance as of March 31, 2020 $ 361,882 $ 2,050 $ 363,932 (A) Specialized Loan Servicing LLC (“SLS”). 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, 2019 $ 3,967,960 $ 1,718,273 $ 5,686,233 Purchases, net (A) 436,395 — 436,395 Originations (B) 195,896 — 195,896 Prepayments (C) (1,563 ) (6,023 ) (7,586 ) Proceeds from sales (8,504 ) (3,708 ) (12,212 ) Amortization of servicing rights (D) (193,243 ) (68,752 ) (261,995 ) Change in valuation inputs and assumptions (E) (468,260 ) (33,610 ) (501,870 ) (Gain)/loss on sales 5,703 (1,749 ) 3,954 Balance as of March 31, 2020 $ 3,934,384 $ 1,604,431 $ 5,538,815 (A) Net of purchase price adjustments. (B) Represents MSRs retained on the sale of originated mortgage loans. (C) Represents purchase price fully reimbursable from sellers as a result of prepayment protection. (D) 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. (E) Change in valuation inputs and assumptions includes changes in inputs or assumptions used in the valuation model. The following is a summary of New Residential’s investments in MSRs and MSR Financing Receivables as of March 31, 2020 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Carrying Value (B) MSRs: Agency (C) $ 339,416,358 5.3 $ 3,227,788 Non-Agency 6,630,753 5.5 16,669 Ginnie Mae (D) 57,658,948 4.8 689,927 403,706,059 5.2 3,934,384 MSR Financing Receivables: Agency 49,533,672 5.2 491,681 Non-Agency 73,533,090 7.8 1,112,750 123,066,762 6.8 1,604,431 Total $ 526,772,821 5.6 $ 5,538,815 (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 March 31, 2020 , weighted average discount rates of 8.2% and 9.4% were used to value New Residential’s investments in MSRs and MSR financing receivables, respectively. (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 March 31, 2020 , New Residential holds approximately $197.7 million in residential mortgage loans subject to repurchase and residential mortgage loans repurchase liability on its Condensed 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 composed of the following: Three Months Ended 2020 2019 Servicing fee revenue $ 328,122 $ 183,026 Ancillary and other fees 32,138 39,737 Servicing fee revenue and fees 360,260 222,763 Amortization of servicing rights (191,367 ) (72,675 ) Change in valuation inputs and assumptions (A) (B) (463,711 ) 15,765 (Gain)/loss on sales 5,703 — Servicing revenue, net $ (289,115 ) $ 165,853 (A) Includes changes in inputs or assumptions used in the valuation model. (B) Includes $4.5 million and $0.4 million of fair value adjustment to excess spread financing for the three months ended March 31, 2020 and 2019 , respectively. Interest income from investments in MSR Financing Receivables was composed of the following: Three Months Ended 2020 2019 Servicing fee revenue $ 113,582 $ 126,244 Ancillary and other fees 26,000 31,324 Less: subservicing expense (41,903 ) (55,662 ) Interest income, investments in MSR financing receivables $ 97,679 $ 101,906 Change in fair value of investments in MSR Financing Receivables was composed of the following: Three Months Ended 2020 2019 Amortization of servicing rights $ (68,752 ) $ (42,876 ) Change in valuation inputs and assumptions (A) (33,610 ) 6,938 (Gain)/loss on sales (B) (1,749 ) (441 ) Change in fair value of investments in MSR financing receivables $ (104,111 ) $ (36,379 ) (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 March 31, 2020 December 31, 2019 California 23.4 % 21.9 % Florida 6.8 % 6.9 % New York 6.2 % 6.4 % Texas 5.3 % 5.5 % New Jersey 4.7 % 4.9 % Illinois 3.5 % 3.6 % Washington 3.3 % 3.3 % Massachusetts 3.3 % 3.4 % Georgia 3.1 % 3.1 % Colorado 3.0 % 2.8 % Other U.S. 37.4 % 38.2 % 100.0 % 100.0 %
Summary of Investments in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: March 31, 2020 December 31, 2019 Principal and interest advances $ 678,588 $ 660,807 Escrow advances (taxes and insurance advances) 2,284,094 2,427,384 Foreclosure advances 151,485 163,054 Total (A) (B) (C) $ 3,114,167 $ 3,251,245 (A) Includes $636.9 million and $562.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $69.9 million and $166.5 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 $41.3 million and $50.1 million , respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) March 31, 2020 Servicer Advance Investments $ 509,989 $ 515,574 5.8 % 5.6 % 6.7 December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted average life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended 2020 2019 Change in fair value of Servicer Advance Investments $ (18,749 ) $ 7,903 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 March 31, 2020 Servicer Advance Investments (D) $ 30,043,832 $ 461,723 1.5 % $ 423,910 88.0 % 87.1 % 1.7 % 1.7 % December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % (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: March 31, 2020 December 31, 2019 Principal and interest advances $ 87,292 $ 71,574 Escrow advances (taxes and insurance advances) 173,617 180,047 Foreclosure advances 200,814 211,222 Total $ 461,723 $ 462,843

SERVICER ADVANCE INVESTMENTS (T

SERVICER ADVANCE INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, All Other Investments [Abstract]
Summary of Investments in Servicer Advances	The following types of advances are included in the Servicer Advances Receivable: March 31, 2020 December 31, 2019 Principal and interest advances $ 678,588 $ 660,807 Escrow advances (taxes and insurance advances) 2,284,094 2,427,384 Foreclosure advances 151,485 163,054 Total (A) (B) (C) $ 3,114,167 $ 3,251,245 (A) Includes $636.9 million and $562.2 million of servicer advances receivable related to Agency MSRs, respectively, recoverable from the Agencies. (B) Includes $69.9 million and $166.5 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 $41.3 million and $50.1 million , respectively, in unamortized advance discount and reserves, net of accruals for advance recoveries. The following is a summary of New Residential’s Servicer Advance Investments, including the right to the basic fee component of the related MSRs: Amortized Cost Basis Carrying Value (A) Weighted Average Discount Rate Weighted Average Yield Weighted Average Life (Years) (B) March 31, 2020 Servicer Advance Investments $ 509,989 $ 515,574 5.8 % 5.6 % 6.7 December 31, 2019 Servicer Advance Investments $ 557,444 $ 581,777 5.3 % 5.7 % 6.3 (A) Carrying value represents the fair value of the Servicer Advance Investments, including the basic fee component of the related MSRs. (B) Weighted average life represents the weighted average expected timing of the receipt of expected net cash flows for this investment. Three Months Ended 2020 2019 Change in fair value of Servicer Advance Investments $ (18,749 ) $ 7,903 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 March 31, 2020 Servicer Advance Investments (D) $ 30,043,832 $ 461,723 1.5 % $ 423,910 88.0 % 87.1 % 1.7 % 1.7 % December 31, 2019 Servicer Advance Investments (D) $ 31,442,267 $ 462,843 1.5 % $ 443,248 88.3 % 87.2 % 3.4 % 2.8 % (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: March 31, 2020 December 31, 2019 Principal and interest advances $ 87,292 $ 71,574 Escrow advances (taxes and insurance advances) 173,617 180,047 Foreclosure advances 200,814 211,222 Total $ 461,723 $ 462,843
Schedule of Interest Income Related to Investments in Servicer Advances	Interest income recognized by New Residential related to its Servicer Advance Investments was composed of the following: Three Months Ended 2020 2019 Interest income, gross of amounts attributable to servicer compensation $ (10,250 ) $ 15,076 Amounts attributable to base servicer compensation 882 (1,565 ) Amounts attributable to incentive servicer compensation (8,721 ) (6,427 ) Interest income from Servicer Advance Investments $ (18,089 ) $ 7,084 Three Months Ended 2020 2019 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 15,109 $ 17,203 Acquired Residential Mortgage Loans, held-for-sale 17,780 15,179 Acquired Residential Mortgage Loans, held-for-sale, at fair value 27,032 25,807 Originated Residential Mortgage Loans, held-for-sale, at fair value 16,735 5,584 Total Interest Income on Residential Mortgage Loans 76,656 63,773 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 5,200 6,005 Acquired Residential Mortgage Loans, held-for-sale 8,530 8,808 Acquired Residential Mortgage Loans, held-for-sale, at fair value 17,043 21,038 Originated Residential Mortgage Loans, held-for-sale, at fair value 13,427 5,158 Total Interest Expense on Residential Mortgage Loans 44,200 41,009 Total Net Interest Income on Residential Mortgage Loans $ 32,456 $ 22,764

INVESTMENTS IN REAL ESTATE AN_2

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The following is a summary of New Residential’s real estate and other securities: March 31, 2020 December 31, 2019 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Agency RMBS (F) (G) $ 306,566 $ 308,486 $ 10,082 $ — $ 318,568 27 AAA 2.95 % 2.79 % 6.8 N/A $ 11,519,943 Non-Agency RMBS (H) (I) 20,528,139 2,239,021 69,347 (147,333 ) 2,161,035 593 A- 3.16 % 5.00 % 8.0 13.3 % 7,957,785 Total/ Weighted Average $ 20,834,705 $ 2,547,507 $ 79,429 $ (147,333 ) $ 2,479,603 620 A 3.11 % 4.74 % 7.8 $ 19,477,728 (A) Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value. (B) Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 337 bonds with a carrying value of $971.6 million which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies and represent the most recent credit ratings available as of the reporting date and may not be current. (C) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $29.5 million and $4.3 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 $0.3 billion for fixed rate securities as of March 31, 2020 . (H) The total outstanding face amount was $11.1 billion (including $9.7 billion of residual and fair value option notional amount) for fixed rate securities and $9.4 billion (including $8.2 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2020 . (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 Corporate debt $ 23,250 $ 18,484 $ — $ — $ 18,484 1 B- 8.25 % 8.25 % 5.0 N/A Consumer loan bonds 20,114 13,268 232 (458 ) 13,042 6 N/A N/A N/A N/A N/A Fair value option securities: Interest-only securities 11,698,718 305,697 22,129 (23,984 ) 303,842 130 AA 1.30 % 9.36 % 3.1 N/A Servicing strips 4,984,912 56,798 2,480 (11,292 ) 47,986 53 N/A 0.90 % 8.11 % 5.5 N/A Activities related to New Residential’s investments in real estate and other securities were as follows: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 (in millions) (in millions) Agency Non-Agency Agency Non-Agency Purchases Face $ 7,140.0 $ 4,563.2 $ 5,024.3 $ 2,444.0 Purchase price 7,290.0 539.0 5,129.4 349.7 Sales Face $ 17,395.0 $ 7,200.0 $ 6,778.8 $ 228.0 Amortized cost 17,679.3 5,283.8 6,914.3 228.0 Sale price 17,869.1 4,358.9 6,979.4 228.0 Gain (loss) on sale 189.8 (924.9 ) 65.1 —
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 March 31, 2020 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Credit Impairment Credit Impairment (A) After Credit Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Less than 12 Months $ 8,525,893 $ 1,482,309 $ (30,161 ) $ 1,452,148 $ (133,907 ) $ 1,318,241 262 A- 3.57 % 4.45 % 10.0 12 or More Months 1,903,679 119,591 (13,988 ) 105,603 (13,426 ) 92,177 59 A- 2.63 % 5.26 % 3.3 Total/Weighted Average $ 10,429,572 $ 1,601,900 $ (44,149 ) $ 1,557,751 $ (147,333 ) $ 1,410,418 321 A- 3.50 % 4.51 % 9.5 (A) Represents credit impairment on securities in an unrealized loss position as of March 31, 2020 . New Residential performed an assessment of all 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 credit impairment, exceeds its fair value) and determined the following: March 31, 2020 December 31, 2019 Gross Unrealized Losses Gross Unrealized Losses Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Fair Value Amortized Cost Basis After Credit Impairment Credit (A) Non-Credit (B) Securities New Residential intends to sell $ — $ — $ — $ — $ — $ — $ — $ — Securities New Residential is more likely than not to be required to sell (C) — — — N/A — — — 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 560,375 598,610 (44,149 ) (38,235 ) 228,228 237,626 (3,232 ) (9,398 ) Non-credit impaired securities 850,043 959,141 — (109,098 ) 4,726,409 4,767,837 — (41,428 ) Total debt securities in an unrealized loss position $ 1,410,418 $ 1,557,751 $ (44,149 ) $ (147,333 ) $ 4,954,637 $ 5,005,463 $ (3,232 ) $ (50,826 ) (A) This amount is required to be recorded through earnings. In measuring the portion of credit losses, New Residential estimates the expected cash flow for each of the securities. This evaluation included 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 included New Residential’s expectations of prepayment rates, default rates and loss severities. Credit losses were measured as the decline in the present value of the expected future cash flows discounted at the security’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)
Schedule of Debt Securities, Available-for-sale, Allowance for Credit Loss	The following table summarizes the activity related to the allowance for credit losses on debt securities as of March 31, 2020: Purchased Credit Deteriorated Non-Purchased Credit Deteriorated Total Beginning balance of the allowance for credit losses on available-for-sale debt securities $ — $ — $ — Additions to the allowance for credit losses on securities for which credit losses were not previously recorded — — — Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration — — — Reductions for securities sold during the period — — — Reductions in the allowance for credit losses 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 — — — Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period 24,121 20,028 44,149 Write-offs charged against the allowance — — — Recoveries of amounts previously written off — — — Ending balance of the allowance for credit losses on available-for-sale debt securities $ 24,121 $ 20,028 44,149
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: March 31, 2020 December 31, 2019 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 7,276,817 35.5 % $ 9,048,847 36.6 % Southeastern U.S. 5,337,487 26.1 % 5,983,966 24.2 % Northeastern U.S. 4,532,153 22.1 % 5,416,137 21.9 % Midwestern U.S. 2,176,968 10.6 % 2,562,269 10.4 % Southwestern U.S. 1,143,615 5.6 % 1,440,467 5.8 % Other (B) 17,735 0.1 % 296,273 1.1 % $ 20,484,775 100.0 % $ 24,747,959 100.0 % (A) Excludes $20.1 million and $25.0 million face amount of bonds backed by consumer loans and $23.3 million and $85.0 million face amount of bonds backed by corporate debt as of March 31, 2020 and December 31, 2019 , 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 March 31, 2020 $ 1,179,074 $ 528,741 December 31, 2019 5,701,736 3,830,369
Summary of Changes in Accretable Yield for Securities	The following is a summary of the changes in accretable yield for these securities: Three Months Ended March 31, 2020 Balance at December 31, 2019 $ 1,882,476 Additions 67,194 Accretion (46,906 ) Reclassifications from (to) non-accretable difference (2,841,574 ) Disposals 1,287,097 Balance at March 31, 2020 $ 348,287

INVESTMENTS IN RESIDENTIAL MO_2

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 Outstanding Face Amount Carrying Loan Weighted Average Yield Weighted Average Life (Years) (A) Floating Rate Loans as a % of Face Amount Loan to Value Ratio (“LTV”) (B) Weighted Avg. Delinquency (C) Weighted Average FICO (D) Carrying Value Loan Type Total Residential Mortgage Loans, held-for-investment, at fair value $ 919,461 $ 824,183 14,164 8.2 % 6.5 9.0 % 72.1 % 17.8 % 642 $ 925,706 Acquired Reverse Mortgage Loans (E) (F) $ 12,333 $ 6,220 29 7.9 % 5.0 5.5 % 153.3 % 70.7 % N/A $ 5,844 Acquired Performing Loans (G) (I) 828,323 753,288 11,853 6.1 % 4.2 65.9 % 51.1 % 8.6 % 684 857,821 Acquired Non-Performing Loans (H) (I) 629,948 505,025 4,822 8.3 % 3.2 10.9 % 76.6 % 73.1 % 581 565,387 Total Residential Mortgage Loans, held-for-sale $ 1,470,604 $ 1,264,533 16,704 7.1 % 3.8 41.8 % 62.9 % 36.8 % 639 $ 1,429,052 Acquired Performing Loans (G) (I) $ 2,046,090 $ 1,804,443 12,925 5.9 % 7.9 6.9 % 67.3 % 30.5 % 644 $ 3,024,288 Originated Loans 1,430,577 1,479,530 4,769 3.7 % 28.0 2.9 % 72.7 % 0.1 % 732 1,589,324 Total Residential Mortgage Loans, held-for-sale, at fair value $ 3,476,667 $ 3,283,973 17,694 5.0 % 16.2 5.3 % 69.5 % 18.0 % 680 $ 4,613,612 (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 . Approximately 47% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (H) As of March 31, 2020 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $35.1 million and $26.6 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans	The table below summarizes the geographic distribution of the underlying residential mortgage loans: Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2020 December 31, 2019 California 16.8 % 16.1 % New York 9.9 % 9.0 % Florida 7.7 % 8.4 % Texas 7.5 % 7.1 % Georgia 4.6 % 4.8 % New Jersey 4.6 % 4.2 % Illinois 3.4 % 3.6 % Maryland 3.1 % 3.3 % Pennsylvania 3.1 % 2.9 % Virginia 2.7 % 2.7 % Other U.S. 36.6 % 37.9 % 100.0 % 100.0 %
Schedule of Performing Loans Past Due	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 credit 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 summarizes the difference between the aggregate unpaid principal balance and the aggregate fair value of loans as of March 31, 2020: Days Past Due Unpaid Principal Balance Fair Value Fair Value Over (Under) Unpaid Principal Balance 90 to 119 $ 336,910 $ 275,597 $ (61,313 ) 120+ 291,390 267,673 (23,717 ) $ 628,300 $ 543,270 $ (85,030 ) 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 originated loans held-for-sale, at fair value were as follows: Balance at December 31, 2019 $ 1,414,528 Originations 11,440,093 Sales (11,358,767 ) Proceeds from repayments (170 ) Transfer of loans to real estate owned — Transfer of loans to other assets (1,707 ) Fair value adjustment (14,447 ) Balance at March 31, 2020 $ 1,479,530 Activities related to the carrying value of residential mortgage loans held-for-investment were as follows: Balance at December 31, 2019 $ 925,706 Fair value adjustment due to fair value option (6,020 ) Purchases/additional fundings — Proceeds from repayments (31,233 ) Transfer of loans to other assets (A) — Transfer of loans to real estate owned (2,410 ) Transfers of loans to held for sale — Fair value adjustment (61,860 ) Balance at March 31, 2020 $ 824,183 (A) 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).
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, 2019 $ 1,414,528 Originations 11,440,093 Sales (11,358,767 ) Proceeds from repayments (170 ) Transfer of loans to real estate owned — Transfer of loans to other assets (1,707 ) Fair value adjustment (14,447 ) Balance at March 31, 2020 $ 1,479,530 Activities related to the carrying value of acquired loans held-for-sale, at fair value were as follows: Balance at December 31, 2019 $ 3,199,084 Purchases (A) 878,049 Sales (2,028,620 ) Proceeds from repayments (47,200 ) Transfer of loans to real estate owned (2,997 ) Transfer of loans to other assets (4,936 ) Fair value adjustment (188,937 ) Balance at March 31, 2020 $ 1,804,443 (A) Includes an acquisition date fair value adjustment increase of $0.4 million on loans acquired through call transactions executed during the three months ended March 31, 2020 . Activities related to the carrying value of acquired loans held-for-sale, at lower cost or fair value were as follows: Balance at December 31, 2019 $ 1,429,052 Purchases 109,666 Transfer of loans from held-for-investment — Sales (103,327 ) Transfer of loans to real estate owned (12,238 ) Transfer of loans to other assets (390 ) Proceeds from repayments (59,526 ) Valuation provision on loans (98,704 ) Balance at March 31, 2020 $ 1,264,533
Schedule of Net Interest Income	Interest income recognized by New Residential related to its Servicer Advance Investments was composed of the following: Three Months Ended 2020 2019 Interest income, gross of amounts attributable to servicer compensation $ (10,250 ) $ 15,076 Amounts attributable to base servicer compensation 882 (1,565 ) Amounts attributable to incentive servicer compensation (8,721 ) (6,427 ) Interest income from Servicer Advance Investments $ (18,089 ) $ 7,084 Three Months Ended 2020 2019 Interest Income: Acquired Residential Mortgage Loans, held-for-investment $ 15,109 $ 17,203 Acquired Residential Mortgage Loans, held-for-sale 17,780 15,179 Acquired Residential Mortgage Loans, held-for-sale, at fair value 27,032 25,807 Originated Residential Mortgage Loans, held-for-sale, at fair value 16,735 5,584 Total Interest Income on Residential Mortgage Loans 76,656 63,773 Interest Expense: Acquired Residential Mortgage Loans, held-for-investment 5,200 6,005 Acquired Residential Mortgage Loans, held-for-sale 8,530 8,808 Acquired Residential Mortgage Loans, held-for-sale, at fair value 17,043 21,038 Originated Residential Mortgage Loans, held-for-sale, at fair value 13,427 5,158 Total Interest Expense on Residential Mortgage Loans 44,200 41,009 Total Net Interest Income on Residential Mortgage Loans $ 32,456 $ 22,764
Schedule of Originated Mortgage Loans	Gain on originated mortgage loans, held-for-sale, net is summarized below: Three Months Ended 2020 2019 Gain on loans originated and sold, net (A) $ 39,289 $ 27,542 Gain (loss) on settlement of mortgage loan origination derivative instruments (B) (46,314 ) (11,423 ) MSRs retained on transfer of loans (C) 195,896 36,429 Other (D) 16,627 7,280 Realized gain on sale of originated mortgage loans, net $ 205,498 $ 59,828 Change in fair value of loans 22,275 5,349 Change in fair value of interest rate lock commitments (Note 10) 91,249 3,208 Change in fair value of derivative instruments (Note 10) (139,324 ) (1,215 ) Gain on originated mortgage loans, held-for-sale, net $ 179,698 $ 67,170 (A) Includes loan origination fees of $277.0 million and $25.0 million in the three months ended March 31, 2020 and 2019 , respectively. (B) Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments. (C) Represents the initial fair value of the capitalized mortgage servicing rights upon loan sales with servicing retained. (D) 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, 2019 $ 93,672 Purchases 3,910 Transfer of loans to real estate owned 20,240 Sales (A) (34,741 ) Valuation (provision) reversal on REO (1,792 ) Balance at March 31, 2020 $ 81,289

INVESTMENTS IN CONSUMER LOANS (

INVESTMENTS IN CONSUMER LOANS (Tables)	3 Months Ended
	Mar. 31, 2020
Investments In Consumer Loans Equity Method Investees [Abstract]
Summary of the Investment in Consumer Loan Companies	The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2020 Consumer Loan Companies Performing Loans $ 606,120 53.5 % $ 627,001 18.8 % 4.0 4.7 % Purchased Credit Deteriorated Loans (C) 158,920 53.5 % 147,606 15.3 % 3.7 9.7 % Other - Performing Loans 6,958 100.0 % 6,214 15.1 % 0.7 5.1 % Total Consumer Loans, held-for-investment $ 771,998 $ 780,821 18.0 % 3.9 5.7 % 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 % (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.
Schedule Of Consumer Loans, Held-For-Investment [Table Text Block]	The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate fair value of consumer loans as of March 31, 2020 : Days Past Due Unpaid Principal Balance Fair Value Fair Value Over (Under) Unpaid Principal Balance Under 90 Days 755,681 764,479 8,798 90 days or more past due 16,317 16,342 25 Total 771,998 780,821 8,823
Past Due Financing Receivable	The following table provides past due information regarding New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for credit 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 summarizes the difference between the aggregate unpaid principal balance and the aggregate fair value of loans as of March 31, 2020: Days Past Due Unpaid Principal Balance Fair Value Fair Value Over (Under) Unpaid Principal Balance 90 to 119 $ 336,910 $ 275,597 $ (61,313 ) 120+ 291,390 267,673 (23,717 ) $ 628,300 $ 543,270 $ (85,030 ) 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 fair value of consumer loans, held-for-investment were as follows: Balance at December 31, 2019 $ 827,545 Fair value adjustment due to fair value option 36,472 Purchases — Additional fundings (A) 11,002 Proceeds from repayments (61,213 ) Accretion of loan discount and premium amortization, net 6,932 Fair value adjustment (39,917 ) Balance at March 31, 2020 $ 780,821 (A) Represents draws on consumer loans with revolving privileges.
Equity Method Investments	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential: March 31, 2020 December 31, 2019 Excess MSR assets $ 214,950 $ 226,843 Other assets 24,954 25,035 Other liabilities (687 ) (687 ) Equity $ 239,217 $ 251,191 New Residential’s investment $ 119,609 $ 125,596 New Residential’s ownership 50.0 % 50.0 % Three Months Ended 2020 2019 Interest income $ 7,313 $ 4,070 Other income (loss) (8,219 ) 1,170 Expenses (8 ) (16 ) Net income (loss) $ (914 ) $ 5,224 The following table summarizes the activity of New Residential’s investments in equity method investees: Balance at December 31, 2019 $ 125,596 Contributions to equity method investees — Distributions of earnings from equity method investees (387 ) Distributions of capital from equity method investees (5,143 ) Change in fair value of investments in equity method investees (457 ) Balance at March 31, 2020 $ 119,609 The following table summarizes the income earned from the Company’s investments in LoanCo and WarrantCo during 2019: Three Months Ended 2019 (A) Interest income $ 7,977 Interest expense (2,822 ) Change in fair value of consumer loans and warrants 14,536 Gain on sale of consumer loans (B) (446 ) Other expenses (1,456 ) Net income $ 17,789 New Residential’s equity in net income $ 4,311 New Residential’s ownership 24.2 % (A) Data for the period ended February 28, 2019 as a result of the one month reporting lag. (B) During the three months ended March 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. The following is a summary of LoanCo’s consumer loan investments at March 31, 2019: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2019 (C) $ 259,618 25.0 % $ 259,618 14.0 % 1.3 1.4 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) Data as of February 28, 2019 as a result of the one month reporting lag.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives	New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows: Balance Sheet Location March 31, 2020 December 31, 2019 Derivative assets Interest Rate Swaps (A) Other assets $ 48 $ 155 Interest Rate Lock Commitments Other assets 132,568 41,346 $ 132,616 $ 41,501 Derivative liabilities Interest Rate Lock Commitments Accrued expenses and other liabilities $ 1,428 $ 1,455 Forward Loan Sale Commitments Accrued expenses and other liabilities — 27 TBAs Accrued expenses and other liabilities 158,925 5,403 $ 160,353 $ 6,885 (A) Net of $245.4 million and $171.8 million of related variation margin accounts as of March 31, 2020 and December 31, 2019 , respectively. The following table summarizes notional amounts related to derivatives: March 31, 2020 December 31, 2019 Interest Rate Caps (A) $ 12,500 $ 12,500 Interest Rate Swaps (B) 9,070,000 4,900,000 Interest Rate Lock Commitments 5,861,166 4,043,935 Forward Loan Sale Commitments — 43,654 TBAs, short position (C) 4,245,000 5,048,000 TBAs, long position (C) 13,705,341 11,692,212 (A) As of March 31, 2020 , caps LIBOR at 4.00% for $12.5 million of notional. The weighted average maturity of the interest rate caps as of March 31, 2020 was 8 months. (B) Includes $4.4 billion notional of Receive LIBOR/Pay Fixed of 2.96% and $4.7 billion notional of Receive Fixed of 0.80% /Pay LIBOR with weighted average maturities of 37 months and 36 months, respectively, as of March 31, 2020 . Includes $4.0 billion notional of Receive LIBOR/Pay Fixed of 3.21% and $0.9 billion notional of Receive Fixed of 1.89% /Pay LIBOR with weighted average maturities of 36 months and 87 months, respectively, as of December 31, 2019 . (C) Represents the notional amount of Agency RMBS, classified as derivatives. The following table summarizes all income (losses) recorded in relation to derivatives: For the 2020 2019 Change in fair value of derivative investments (A) Interest Rate Caps $ — $ 2,776 Interest Rate Swaps (39,982 ) (3 ) Unrealized gains (losses) on Interest Rate Lock Commitments — (28,533 ) (39,982 ) (25,760 ) Gain (loss) on settlement of investments, net Interest Rate Swaps (13,652 ) (16,378 ) TBAs (B) (71,060 ) (76,698 ) (84,712 ) (93,076 ) Gain on originated mortgage loans, held-for-sale, net (A) Interest Rate Lock Commitments 91,249 3,208 TBAs (139,351 ) (1,194 ) Forward Loan Sale Commitments 27 (21 ) (48,075 ) 1,993 Total income (losses) $ (172,769 ) $ (116,843 ) (A) Represents unrealized gains (losses). (B) Excludes $46.3 million and $11.4 million in loss on settlement included within gain on originated mortgage loans, held-for-sale, net (Note 8), for the three months ended March 31, 2020 and 2019 , respectively.

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The following table presents certain information regarding New Residential’s debt obligations: March 31, 2020 December 31, 2019 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) $ 302,508 $ 302,508 Apr-20 to Jun-20 1.68 % 0.1 $ 306,566 $ 308,486 $ 318,567 6.8 $ 15,481,677 Non-Agency RMBS (E) 6,131,955 6,131,955 Apr-20 to Sep-20 2.77 % 0.1 25,071,311 6,413,847 5,389,267 2.8 7,317,519 Residential Mortgage Loans (F) 4,311,309 4,309,869 May-20 to May-21 2.70 % 0.8 5,003,435 5,411,739 4,612,611 12.4 5,053,207 Real Estate Owned (G)(H) 69,798 69,798 May-20 to May-21 2.70 % 0.7 N/A N/A 88,221 N/A 63,822 Total Repurchase Agreements 10,815,570 10,814,130 2.71 % 0.4 27,916,225 Notes and Bonds Payable Excess MSRs (I) 308,800 308,800 Feb-22 to Jul-22 4.29 % 2.2 94,182,895 302,878 377,649 6.1 217,300 MSRs (J) 2,546,879 2,541,089 Jun-20 to Jul-24 3.76 % 1.4 424,610,405 4,450,640 4,603,915 5.8 2,640,036 Servicer Advances (K) 2,976,208 2,969,209 Jun-20 to Aug-23 2.49 % 2.0 3,388,387 3,582,852 3,588,437 1.5 3,181,672 Residential Mortgage Loans (L) 431,953 428,218 Apr-20 to Dec-45 4.68 % 8.4 685,168 987,623 633,205 4.6 864,451 Consumer Loans (M) 764,259 767,263 May-36 3.26 % 3.9 764,960 772,715 774,527 3.9 816,689 Total Notes and Bonds Payable 7,028,099 7,014,579 3.25 % 2.4 7,720,148 Total/ Weighted Average $ 17,843,669 $ 17,828,709 2.92 % 1.2 $ 35,636,373 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity through April 30, 2020 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $80.4 million of associated accrued interest payable as of March 31, 2020 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $2.9 billion of related trade and other receivables. (E) $5,615.0 million face amount of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates while the remaining $517.0 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 $533.3 million and $697.6 million , respectively, on retained bonds collateralized by Agency MSRs. Collateral amounts also include approximately $3.3 billion of related trade and other receivables. (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 $91.5 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 2.50% and $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: $1,232.8 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% ; $56.9 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 $1,257.2 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 1.00% to 1.98% . 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 $5.0 million note payable to Mr. Cooper which includes a $1.5 million receivable from government agency and bears interest equal to one-month LIBOR plus 2.88% , (ii) $99.9 million fair value of SAFT 2013-1 mortgage-backed securities issued with fixed interest rates ranging from 3.50% to 3.75% (see Note 12 for fair value details), (iii) $176.1 million of MDST Trusts asset-backed notes held by third parties which bear interest equal to 6.60% (see Note 12 for fair value details), and (iv) $150.9 million of asset-backed notes held by third parties which include $1.2 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 composed of the following classes of asset-backed notes held by third parties: $685.1 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. 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, 2019 $ 217,300 $ 2,640,036 $ 3,181,672 $ 22,799,196 $ 5,981,480 $ 816,689 $ 35,636,373 Repurchase Agreements: Borrowings — — — 64,122,355 12,058,709 — 76,181,064 Repayments — — — (80,487,088 ) (12,796,116 ) — (93,283,204 ) Capitalized deferred financing costs, net of amortization — — — — 45 — 45 Notes and Bonds Payable: Borrowings 97,173 347,020 1,034,484 — — — 1,478,677 Repayments (5,673 ) (446,681 ) (1,247,762 ) — (419,231 ) (49,549 ) (2,168,896 ) Discount on borrowings, net of amortization — — — — — 123 123 Unrealized loss on notes, fair value — — — — (17,002 ) — (17,002 ) Capitalized deferred financing costs, net of amortization — 714 815 — — — 1,529 Balance at March 31, 2020 $ 308,800 $ 2,541,089 $ 2,969,209 $ 6,434,463 $ 4,807,885 $ 767,263 $ 17,828,709 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its servicer advances.
Schedule of Contractual Maturities of Debt Obligations	New Residential’s debt obligations as of March 31, 2020 had contractual maturities as follows: Year Ending Nonrecourse Recourse Total April 1 through December 31, 2020 $ 134,958 $ 11,639,359 $ 11,774,317 2021 1,227,143 1,090,798 2,317,941 2022 1,271,962 308,800 1,580,762 2023 400,000 361,803 761,803 2024 — 368,593 368,593 2025 and thereafter 1,040,253 — 1,040,253 $ 4,074,316 $ 13,769,353 $ 17,843,669
Schedule of Borrowing Capacity	The following table represents New Residential’s borrowing capacity as of March 31, 2020 : Debt Obligations / Collateral Borrowing Capacity Balance Outstanding Available Financing (A) Repurchase Agreements Residential mortgage loans and REO $ 5,731,188 $ 2,876,008 $ 2,855,180 New loan originations 4,083,000 1,505,099 2,577,901 Non-Agency RMBS 650,000 517,004 132,996 Notes and Bonds Payable Excess MSRs 100,000 91,500 8,500 MSRs 1,575,000 1,289,637 285,363 Servicer advances 1,575,000 1,076,243 498,757 Residential mortgage loans 650,000 150,886 499,114 Consumer loans 150,000 — 150,000 $ 14,514,188 $ 7,506,377 $ 7,007,811 (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.

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis	The carrying values and fair values of New Residential’s assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2020 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) $ 85,009,386 $ 363,932 $ — $ — $ 363,932 $ 363,932 Excess mortgage servicing rights, equity method investees, at fair value (A) 33,251,300 119,609 — — 119,609 119,609 Mortgage servicing rights, at fair value (A) 403,706,059 3,934,384 — — 3,934,384 3,934,384 Mortgage servicing rights financing receivables, at fair value 123,066,762 1,604,431 — — — 1,604,431 1,604,431 Servicer advance investments, at fair value 461,723 515,574 — — 515,574 515,574 Real estate and other securities, available-for-sale 20,834,705 2,479,603 — 318,568 2,161,035 2,479,603 Residential mortgage loans, held-for-sale 1,470,604 1,264,533 — — 1,264,533 1,264,533 Residential mortgage loans, held-for-sale, at fair value 3,476,667 3,283,973 — 1,633,481 1,650,492 3,283,973 Residential mortgage loans, held-for-investment, at fair value 919,461 824,183 — — 824,183 824,183 Residential mortgage loans subject to repurchase 197,715 197,715 — 197,715 — 197,715 Consumer loans, held-for-investment, at fair value 771,998 780,821 — — 780,821 780,821 Derivative assets 14,724,133 132,616 — 48 132,568 132,616 Note receivable 46,724 42,787 — — 42,787 42,787 Cash and cash equivalents 360,453 360,453 360,453 — — 360,453 Restricted cash 147,435 147,435 147,435 — — 147,435 Other assets (B) N/A 45,118 2,902 — 42,216 45,118 $ 16,097,167 $ 510,790 $ 2,149,812 $ 13,436,565 $ 16,097,167 Liabilities Repurchase agreements $ 10,815,570 $ 10,814,130 $ — $ 10,815,570 $ — $ 10,815,570 Notes and bonds payable (C) 7,028,099 7,014,579 — — 6,238,923 6,238,923 Residential mortgage loan repurchase liability 197,715 197,715 — 197,715 — 197,715 Derivative liabilities 18,169,875 160,353 — 158,925 1,428 160,353 Excess spread financing 2,839,463 25,614 — — 25,614 25,614 Contingent consideration N/A 56,836 — — 56,836 56,836 $ 18,269,227 $ — $ 11,172,210 $ 6,322,801 $ 17,495,011 (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) 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 $31.9 million as of March 31, 2020 . (C) Includes the SAFT 2013-1 and MDST Trusts mortgage backed securities issued for which the fair value option for financial instruments was elected and resulted in a fair value of $272.3 million as of March 31, 2020 .
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs	New Residential’s assets measured at fair value on a recurring basis using Level 3 inputs changed as follows: Level 3 Excess MSRs (A) Excess MSRs in Equity Method Investees (A)(B) MSRs (A) MSR Financing Receivables (A) Servicer Advance Investments Non-Agency RMBS Derivatives (C) Residential Mortgage Loans Consumer Loans Agency Non-Agency Total 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 Transfers Transfers from Level 3 — — — — — — — — (467,263 ) (467,263 ) Transfers to Level 3 — — — — — — — — 440,168 827,545 1,267,713 Shellpoint Acquisition — — — — — — — — — — — Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights — — — — — — — — — — — Gains (losses) included in net income Included in provision (reversal) for credit losses on securities (D) — — — — — — (44,149 ) — — — (44,149 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (5,557 ) (5,467 ) — — — — — — — — (11,024 ) Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — — (457 ) — — — — — — — (457 ) Included in servicing revenue, net (E) — — — (655,800 ) — — — — — — (655,800 ) Included in change in fair value of investments in mortgage servicing rights financing receivables (D) — — — — (104,111 ) — — — — — (104,111 ) Included in change in fair value of servicer advance investments — — — — — (18,749 ) — — — — (18,749 ) Included in change in fair value of investments in residential mortgage loans — — — — — — — — (265,244 ) — (265,244 ) Included in gain (loss) on settlement of investments, net 8 1 — — — — (924,897 ) — — — (924,888 ) Included in other income (loss), net (D) 557 70 — — — — (87,650 ) 91,249 730 (39,916 ) (34,960 ) Gains (losses) included in other comprehensive income (F) — — — — — — (640,403 ) — (6,020 ) 36,472 (609,951 ) Interest income 6,146 7,080 — — — (18,089 ) 67,123 — — 6,932 69,192 Purchases, sales and repayments Purchases — — — 436,395 — 330,140 538,964 — 1,250,157 11,002 2,566,658 Proceeds from sales (31 ) (3 ) — (8,504 ) (3,708 ) — (4,358,894 ) — (2,393,309 ) — (6,764,449 ) Proceeds from repayments (10,589 ) (8,030 ) (5,530 ) (1,563 ) (6,023 ) (359,505 ) (346,844 ) — (83,369 ) (61,214 ) (882,667 ) Originations and other — — — 195,896 — — — — — — 195,896 Balance at March 31, 2020 $ 200,167 $ 163,765 $ 119,609 $ 3,934,384 $ 1,604,431 $ 515,574 $ 2,161,035 $ 131,140 $ 2,474,675 $ 780,821 $ 12,085,601 (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) The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
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, 2019 $ 31,777 $ 659,738 $ 55,222 $ 746,737 Transfers Transfers from Level 3 — — — — Transfers to Level 3 — — — — Acquisition — — — — Gains (losses) included in net income Included in provision (reversal) for credit losses on securities (A) — — — — 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 (A) — — — — Included in servicing revenue, net (B) (6,425 ) — — (6,425 ) 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 — (17,002 ) — (17,002 ) Included in gain (loss) on settlement of investments, net — — — — Included in other income (A) — — 1,614 1,614 Gains (losses) included in other comprehensive income, net of tax (C) — — — — Interest income — — — — Purchases, sales and repayments Purchases — — — — Proceeds from sales — — — — Payments — (368,979 ) — (368,979 ) Other 262 (1,465 ) — (1,203 ) Balance at March 31, 2020 $ 25,614 $ 272,292 $ 56,836 $ 354,742 (A) 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. (B) The components of Servicing revenue, net are disclosed in Note 5. (C) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
Summary of Measurement Inputs and Valuation Techniques	The following table summarizes certain information regarding the ranges and weighted averages of 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 $ 824,183 4.0% - 10.5% 3.0% - 15.0% 2.0% - 2.9% 20.0% - 47.9% The following table summarizes certain information regarding the ranges and weighted averages of inputs used as of March 31, 2020 : Significant Inputs (A) Prepayment (B) Delinquency (C) Recapture (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 5.7% - 10.2% (8.1%) 0.0% - 4.8% (1.7%) 4.4% - 28.7% (18.5%) 15 - 31 (21) 15 - 22 (20) Recaptured Pools 6.4% - 11.2% (10.1%) 0.1% - 4.0% (0.8%) 0.0% - 35.7% (26.3%) 20 - 29 (23) 20 - 24 (23) 5.7% - 11.2% (8.7%) 0.0% - 4.8% (1.4%) 0.0% - 35.7% (21.0%) 15 - 31 (22) 15 - 24 (21) Non-Agency (G) Mr. Cooper and SLS Serviced: Original Pools 7.8% - 11.9% (8.9%) N/A 0.0% - 14.2% (12.5%) 5 - 25 (15) 19 - 31 (23) Recaptured Pools 6.2% - 7.5% (7.1%) N/A 12.3% - 16.5% (14.9%) 22 - 27 (25) 21 - 24 (23) 6.2% - 11.9% (8.6%) N/A 0.0% - 16.5% (12.9%) 5 - 27 (16) 19 - 31 (23) Total/Weighted Average — Excess MSRs Directly Held 5.7% - 11.9% (8.7%) N/A 0.0% - 35.7% (17.2%) 5 - 31 (19) 15 - 31 (22) Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 8.4% - 9.2% (8.6%) 1.2% - 4.0% (2.1%) 13.7% - 28.6% (19.8%) 15 - 25 (19) 18 - 20 (19) Recaptured Pools 9.4% - 10.2% (9.9%) 0.7% - 1.7% (1.2%) 20.8% - 29.3% (24.6%) 22 - 28 (24) 21 - 24 (22) Total/Weighted Average — Excess MSRs Held through Investees 8.4% - 10.2% (9.2%) 0.7% - 4.0% (1.7%) 13.7% - 29.3% (22.1%) 15 - 28 (21) 18 - 24 (20) Total/Weighted Average — Excess MSRs All Pools 5.7% - 11.9% (8.9%) N/A 0.0% - 35.7% (18.9%) 5 - 31 (20) 15 - 31 (21) MSRs Agency (H) Mortgage Servicing Rights (I) (J) 10.7% - 16.5% (12.0%) 0.1% - 3.4% (1.2%) 5.1% - 25.1% (20.5%) 25 - 33 (28) 0 - 30 (22) MSR Financing Receivables (I) 11.8% - 14.9% (13.1%) 0.5% - 0.8% (0.6%) 12.4% - 18.6% (15.1%) 25 - 29 (27) 0 - 30 (25) 10.7% - 16.5% (12.1%) 0.1% - 3.4% (1.2%) 5.1% - 25.1% (19.8%) 25 - 33 (28) 0 - 30 (22) Non-Agency Mortgage Servicing Rights (I) 8.7% - 11.9% (11.7%) 0.3% - 13.2% (0.9%) 1.9% - 24.5% (23.5%) 26 - 87 (28) 0 - 30 (16) MSR Financing Receivables (I) 8.1% 15.1% 9.4% 48 0 - 30 (25) 8.1% - 11.9% (8.2%) 0.3% - 15.1% (14.8%) 1.9% - 24.5% (9.6%) 26 - 87 (47) 0 - 30 (25) Ginnie Mae Mortgage Servicing Rights (I) (J) 14.3% - 17.0% (15.8%) 2.0% - 6.1% (5.6%) 15.3% - 35.0% (23.9%) 32 - 52 (45) 0 - 30 (27) Total/Weighted Average — MSRs 8.1% - 17.0% (11.8%) 0.1% - 15.1% (4.5%) 1.9% - 35.0% (20.0%) 25 - 87 (34) 0 - 30 (23) (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). A weighted average cost of subservicing of $6.2 - $8.8 ( $7.6 ) per loan per month was used to value the agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $11.20 per loan per month was used to value the Non-Agency MSRs, including MSR Financing Receivables. A weighted average cost of subservicing of $9.70 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 5). Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 1,637,017 1.6% - 11.8% (5.1%) 2.3% - 27.1% (10.5%) 0% - 3.0% (1.0%) 12.9% - 85.6% (43.8%) (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. (C) Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected. The following table summarizes certain information regards the ranges and weighted averages of inputs used in valuing Mortgage-Backed Securities Issued: Fair Value Discount Rate Prepayment Rate CDR Loss Severity Mortgage-Backed Securities Issued $ 272,292 4.0% - 7.3% 3.3% - 15.0% 2.0% - 2.8% 20.0% - 30.0% The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing IRLCs: Fair Value Loan Funding Probability Fair Value of initial servicing rights (bps) IRLCs (net) $ 131,140 43% - 100% (76.5%) 2.33 - 306 (139.8) The following table summarizes certain information regarding the ranges and weighted averages of 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 $ 1,527,770 4.1% - 11.0% 0.0% - 14.1% 0.0% - 34.7% 0.0% - 60.0% Originated Loans 122,722 7.0% 14.1% 1.2% 50.0% Residential Mortgage Loans Held-for-Sale, at Fair Value $ 1,650,492
Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances	The following table summarizes certain information regarding the ranges and weighted averages of inputs used in valuing the Servicer Advance Investments, including the basic fee component of the related MSRs: Significant Inputs 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) March 31, 2020 0.8% - 1.6% (1.6%) 8.2% - 8.7% (8.7%) 5.4% - 17.7% (17.3%) 15.6 - 19.8 (19.6) bps 5.8% - 6.3% (5.8%) 22.5 - 22.7 (22.7) (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount is net of 11.0 bps which represents the amount New Residential paid its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool.
Schedule of Inputs Used in Valuing Residential Mortgage Loans	The following table summarizes the inputs used in valuing these residential mortgage loans as of March 31, 2020 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Performing Loans $ 753,288 5.0% - 11.0% 2.4 - 4.8 4.3% - 20.0% 1.3% - 34.7% 0.0% - 100.0% Non-Performing Loans 511,245 5.8% - 8.5% 2.3 - 5.1 2.0% - 6.3% 2.7% - 2.9% 18.9% - 30.0% Total/Weighted Average $ 1,264,533 7.0% 3.8 6.3% 5.3% 34.9% (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)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table summarizes certain characteristics of the underlying residential mortgage loans, and related financing, in these securitizations: Three Months Ended 2020 2019 Residential mortgage loan UPB $ 14,932,876 $ 9,399,416 Weighted average delinquency (A) 2.45 % 2.03 % Net credit losses $ 13,898 $ 3,562 Face amount of debt held by third parties (B) $ 12,907,495 $ 8,306,631 Carrying value of bonds retained by New Residential (C) (D) $ 1,814,333 $ 1,271,126 Cash flows received by New Residential on these bonds $ 79,250 $ 62,845 (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 12 for details on unobservable inputs. 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 March 31, 2020 Assets Servicer advance investments, at fair value $ 500,447 $ — $ — $ — $ 500,447 Residential mortgage loans, held-for-investment, at fair value — — 429,318 — 429,318 Consumer loans, held-for-investment, at fair value — — — 774,607 774,607 Cash and cash equivalents 29,942 22,517 — — 52,459 Restricted cash 4,808 — — 8,825 13,633 Other assets 7 4,656 1,941 11,279 17,883 Total Assets $ 535,204 $ 27,173 $ 431,259 $ 794,711 $ 1,788,347 Liabilities Notes and bonds payable (A) $ 415,036 $ — $ 272,293 $ 771,232 $ 1,458,561 Accrued expenses and other liabilities 1,581 4,481 — 3,885 9,947 Total Liabilities $ 416,617 $ 4,481 $ 272,293 $ 775,117 $ 1,468,508 March 31, 2019 Assets Servicer advance investments, at fair value $ 674,607 $ — $ — $ — $ 674,607 Residential mortgage loans, held-for-investment, at fair value — — 429,229 — 429,229 Consumer loans, held-for-investment — — — 981,931 981,931 Cash and cash equivalents 29,943 16,522 — — 46,465 Restricted cash — — — 9,899 9,899 Other assets 9,608 701 — 14,438 24,747 Total Assets $ 714,158 $ 17,223 $ 429,229 $ 1,006,268 $ 2,166,878 Liabilities Notes and bonds payable (A) $ 514,246 $ 2,225 $ 377,382 $ 973,158 $ 1,867,011 Accrued expenses and other liabilities 2,343 — 2,635 4,106 9,084 Total Liabilities $ 516,589 $ 2,225 $ 380,017 $ 977,264 $ 1,876,095 (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.
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: March 31, 2020 December 31, 2019 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Total consolidated equity $ 118,591 $ 22,692 $ 49,387 $ 168,207 $ 23,171 $ 46,510 Others’ ownership interest 26.8 % 49.9 % 46.5 % 26.8 % 49.0 % 46.5 % Others’ interest in equity of consolidated subsidiary $ 31,743 $ 11,323 $ 23,512 $ 45,025 $ 11,354 $ 22,171 Others’ interests in the New Residential’s net income (loss) is computed as follows: Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 The Buyer (A) Shelter Joint Ventures Consumer Loan Companies The Buyer (A) Shelter Joint Ventures Consumer Loan Companies Net income $ (42,015 ) $ 2,571 $ (13,330 ) $ 9,155 $ 798 $ 16,042 Others’ ownership interest as a percent of total 26.8 % 49.9 % 46.5 % 26.8 % 51.0 % 46.5 % Others’ interest in net income of consolidated subsidiaries $ (11,247 ) $ 1,283 $ (6,198 ) $ 2,451 $ 407 $ 7,460 (A) As a result, New Residential owned 73.2% and 73.2% of the Buyer, on average during the three months ended March 31, 2020 and 2019 , respectively. See Note 11 regarding the financing of Servicer Advance Investments.

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2020
Equity and Earnings Per Share [Abstract]
Schedule of Open Market Purchases	The following table summarizes the Company’s ATM Program activity: Month Number of Common shares Average price per share Gross Proceeds Fees Net Proceeds January 1, 2020 - March 31, 2020 97,394 $ 17.06 $ 1,662 $ 12 $ 1,650
Schedule of Preferred Shares	The table below summarizes Preferred Shares: Three Months Ended Series Number of Shares Liquidation Preference Issuance Discount Carrying Value Dividend Fixed-to-floating rate cumulative redeemable preferred: Preferred Series A, 7.50% Issued July 2019 6,210 $ 155,250 3.15 % $ 150,026 $ 0.47 Preferred Series B, 7.125% Issued August 2019 11,300 282,500 3.15 % 273,418 $ 0.45 Preferred Series C, 6.375% Issued February 2020 16,100 402,500 3.15 % 389,548 $ 0.40 Total 33,610 $ 840,250 $ 812,992
Summary of Outstanding Options	As of March 31, 2020 , New Residential’s outstanding options were summarized as follows: Held by the Manager 10,860,706 Issued to the Manager and subsequently assigned to certain of the Manager’s employees 3,560,949 Issued to the independent directors 7,000 Total 14,428,655 The following table summarizes New Residential’s outstanding options as of March 31, 2020 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2020 was $5.01 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of March 31, 2020 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) Directors Various 7,000 7,000 $ 13.57 $ — Manager (C) 2017 1,130,916 1,130,916 13.95 — Manager (C) 2018 5,320,000 3,576,631 16.65 — Manager (C) 2019 6,351,000 2,422,600 16.17 — Manager (C) 2020 1,619,739 53,991 17.41 — Outstanding 14,428,655 7,191,138 (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 $13.95 1,130,916 2018 $16.54 to $18.01 1,159,833 2019 $15.13 to $16.67 1,270,200 Total 3,560,949 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2019 outstanding options 12,808,916 Options granted 1,619,739 $ 17.41 Options exercised — $ — Options expired unexercised — March 31, 2020 outstanding options 14,428,655 See table above
Schedule of Basic and Diluted Earnings Per Share	The following table summarizes the basic and diluted earnings per share calculations: Three Months Ended 2020 2019 Net income (loss) $ (1,607,255 ) $ 155,912 Noncontrolling interests in income of consolidated subsidiaries (16,162 ) 10,318 Dividends on preferred stock 11,222 — Net income (loss) attributable to common stockholders $ (1,602,315 ) $ 145,594 Basic weighted average shares of common stock outstanding 415,589,155 388,279,931 Dilutive effect of stock options (A) — 321,144 Diluted weighted average shares of common stock outstanding 415,589,155 388,601,075 Basic earnings per share attributable to common stockholders $ (3.86 ) $ 0.37 Diluted earnings per share attributable to common stockholders $ (3.86 ) $ 0.37 (A) Stock options that could potentially dilute basic earnings per share in the future were not included in the computation of diluted earnings per share, for the periods where a loss has been recorded because they would have been anti-dilutive for the period presented.

TRANSACTIONS WITH AFFILIATES _2

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2020
Transactions With Affiliates And Affiliated Entities
Schedule of Affiliate Transactions	Due to affiliates is composed of the following amounts: March 31, 2020 December 31, 2019 Management fees $ 14,722 $ 7,076 Incentive compensation — 91,892 Expense reimbursements and other 2,494 4,914 Total $ 17,216 $ 103,882 Affiliate expenses and fees were composed of: Three Months Ended 2020 2019 Management fees $ 21,721 $ 17,960 Incentive compensation — 12,958 Expense reimbursements (A) 125 125 Total $ 21,846 $ 31,043 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

RECLASSIFICATION FROM ACCUMUL_2

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Summary of Amounts Reclassified out of Accumulated Other Comprehensive Income into Net Income	The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income: Three Months Ended Accumulated Other Comprehensive Income Components Statement of Income Location 2020 2019 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (754,540 ) $ (65,196 ) Reclassification of net realized (gain) loss on securities into earnings Provision (reversal) for credit losses on securities 44,149 7,516 Total reclassifications $ (710,391 ) $ (57,680 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Three Months Ended 2020 2019 Current: Federal $ — $ (413 ) State and Local 49 79 Total Current Income Tax Expense (Benefit) 49 (334 ) Deferred: Federal (127,526 ) 37,146 State and Local (39,391 ) 9,185 Total Deferred Income Tax Expense (Benefit) (166,917 ) 46,331 Total Income Tax (Benefit) Expense $ (166,868 ) $ 45,997

ORGANIZATION AND BASIS OF PRE_3

ORGANIZATION AND BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	415,649,214		415,520,780
Number of options (in shares)	14,428,655
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment for the adoption of ASU 2016-13	$ (1,059,706)		$ 549,733
Consumer loans, held-for-investment	780,821		0
Residential mortgage loans, held-for-sale, at fair value	$ 3,283,973		$ 4,613,612
Fortress-managed funds
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	2,400,000
Number of options (in shares)	10,900,000
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment for the adoption of ASU 2016-13		$ 13,700
Consumer loans, held-for-investment		19,700
Residential mortgage loans, held-for-sale, at fair value		$ (6,000)

OTHER INCOME, GENERAL AND ADM_3

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Gain (Loss) on Settlement of Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Gain on Settlement of Investments, Net
Gain (loss) on sale of real estate securities, net	$ (754,540)	$ 65,196
Gain (loss) on sale of acquired residential mortgage loans, net	35,236	3,183
Gain (loss) on settlement of derivatives	(84,712)	(93,076)
Gain (loss) on liquidated residential mortgage loans	(839)	(2,489)
Gain (loss) on sale of REO	1,173	(1,725)
Other gains (losses)	4,110	(14,257)
Gain (loss) on settlement of investments, net	$ (799,572)	$ (43,168)

OTHER INCOME, GENERAL AND ADM_4

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Other Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other income (loss), net
Unrealized gain (loss) on notes and bonds payable	$ 17,002	$ (1,137)
Unrealized gain (loss) on contingent consideration	(1,614)	(2,045)
Unrealized gain (loss) on consumer loans held-for-investment, at fair value	(39,917)	0
Unrealized gain (loss) on equity investments	(45,023)	(73)
Gain (loss) on transfer of loans to REO	2,595	4,984
Gain (loss) on transfer of loans to other assets	(241)	(521)
Gain (loss) on Excess MSR recapture agreements	628	307
Gain (loss) on Ocwen common stock	(5,050)	2,786
Rental and ancillary revenue	19,607	0
Other income (loss)	(24,717)	1,694
Total other income (loss), net	$ (76,730)	$ 5,995

OTHER INCOME, GENERAL AND ADM_5

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of General and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule Of Other Income [Line Items]
Legal and professional expense	$ 26,037	$ 13,292
Loan origination expense	22,400	10,269
Occupancy expense	8,064	4,179
Other	37,243	14,589
General and Administrative Expense	206,363	98,940
Servicing
Schedule Of Other Income [Line Items]
Compensation and benefits expense	51,341	25,301
Origination
Schedule Of Other Income [Line Items]
Compensation and benefits expense	$ 61,278	$ 31,310

OTHER INCOME, GENERAL AND ADM_6

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Other Assets
Margin receivable, net		$ 733,624	$ 280,176
Servicing fee receivables		153,137	159,607
Due from servicers		140,024	163,961
Principal and interest receivable		48,895	85,191
Equity investment		69,533	114,763
Other receivables		84,287	117,045
Real Estate Owned		81,289	93,672
Single-family rental properties		26,661	24,133
Goodwill		29,468	29,737
Notes Receivable		45,287	37,001
Warrants, at fair value		25,519	28,042
Recovery asset		20,921	23,100
Residential mortgage loans subject to repurchase		197,715	172,336	$ 140,135
Property and equipment		23,271	18,018
Receivable from government agency		18,020	19,670
Intangible assets		36,496	40,963
Prepaid expenses		20,862	19,249
Operating lease right-of-use asset		32,544	32,120
Derivative assets (Note 10)		132,616	41,501
Ocwen common stock, at fair value		2,902	7,952
Other assets		48,396	51,230
Other Assets		1,971,467	1,559,467
Accrued Expenses and Other Liabilities
MSR purchase price holdback		93,882	75,348
Interest payable		37,585	68,668
Accounts payable		138,585	119,771
Derivative liabilities (Note 10)		160,353	6,885
Due to servicers		119,285	127,846
Residential mortgage loan repurchase liability		197,715	172,336
Contingent Consideration		56,836	55,222
Accrued compensation and benefits		28,644	41,228
Excess spread financing, at fair value		25,614	31,777
Operating lease liabilities		38,568	38,520
Reserve for sales recourse		11,144	12,549
Other liabilities		59,929	22,976
Accrued Expenses and Other Liabilities	[1]	$ 968,140	$ 773,126
[1]	See Note 13 regarding consolidated VIEs.

OTHER INCOME, GENERAL AND ADM_7

OTHER INCOME, GENERAL AND ADMINISTRATIVE, OTHER ASSETS AND LIABILITIES - Schedule of Accretion and Other Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accretion and other amortization:
Accretion of net discount on securities and loans	$ 40,052	$ 141,586
Accretion of servicer advances receivable discount and servicer advance investments	(10,915)	7,511
Accretion of excess mortgage servicing rights income	13,226	5,115
Amortization of deferred financing costs	(1,136)	(863)
Amortization of discount on notes and bonds payable	(123)	(455)
Accretion of loan discount and premium amortization, net	$ 41,104	$ 152,894

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Interest income	$ 402,373	$ 438,867
Interest expense	216,855	212,832
Net interest income	185,518	226,035
Impairment	144,645	12,796
Servicing revenue, net	(289,115)	165,853
Gain on sale of originated mortgage loans, net	179,698	67,170
Other income (loss)	(1,402,661)	(63,966)
Operating expenses	302,918	180,387
Income (loss) before income taxes	(1,774,123)	201,909
Income tax expense (benefit)	(166,868)	45,997
Net income (loss)	(1,607,255)	155,912
Noncontrolling interests in income (loss) of consolidated subsidiaries	(16,162)	10,318
Dividends on Preferred Stock	11,222	0
Net income (loss) attributable to common stockholders	(1,602,315)	145,594
Investments	15,476,708
Cash and cash equivalents	360,453
Restricted cash	147,435		$ 162,197
Other assets	8,179,411
Goodwill	29,468		29,737
Total assets	24,193,475		44,863,454
Debt	17,828,709		35,636,373
Other liabilities	1,034,302
Total liabilities	18,863,011		37,627,194
Total equity	5,330,464	6,912,209	7,236,260	$ 6,088,295
Noncontrolling interests in equity of consolidated subsidiaries	66,578		78,550
Total New Residential stockholders’ equity	5,263,886		$ 7,157,710
Investments in equity method investees	156,731
Operating | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income	123,575	131,800
Interest expense	71,406	66,486
Net interest income	52,169	65,314
Impairment	0	0
Servicing revenue, net	(289,115)	165,853
Gain on sale of originated mortgage loans, net	171,187	51,326
Other income (loss)	(156,450)	(20,806)
Operating expenses	248,444	126,842
Income (loss) before income taxes	(470,653)	134,845
Income tax expense (benefit)	(91,782)	39,374
Net income (loss)	(378,871)	95,471
Noncontrolling interests in income (loss) of consolidated subsidiaries	(9,964)	2,858
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(368,907)	92,613
Investments	8,029,136
Cash and cash equivalents	252,562
Restricted cash	115,399
Other assets	3,701,642
Goodwill	29,468
Total assets	12,128,207
Debt	7,706,175
Other liabilities	702,522
Total liabilities	8,408,697
Total equity	3,719,510
Noncontrolling interests in equity of consolidated subsidiaries	43,066
Total New Residential stockholders’ equity	3,676,444
Investments in equity method investees	156,731
Operating | Consumer Loans
Segment Reporting Information [Line Items]
Interest income	34,872	44,405
Interest expense	6,667	9,195
Net interest income	28,205	35,210
Impairment	0	11,084
Servicing revenue, net	0	0
Gain on sale of originated mortgage loans, net	0	0
Other income (loss)	(40,751)	4,531
Operating expenses	3,883	7,427
Income (loss) before income taxes	(16,429)	21,230
Income tax expense (benefit)	115	79
Net income (loss)	(16,544)	21,151
Noncontrolling interests in income (loss) of consolidated subsidiaries	(6,198)	7,460
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(10,346)	13,691
Investments	780,821
Cash and cash equivalents	4,382
Restricted cash	32,036
Other assets	65,602
Goodwill	0
Total assets	882,841
Debt	774,797
Other liabilities	7,389
Total liabilities	782,186
Total equity	100,655
Noncontrolling interests in equity of consolidated subsidiaries	23,512
Total New Residential stockholders’ equity	77,143
Investments in equity method investees	0
Eliminations
Segment Reporting Information [Line Items]
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Impairment	0	0
Servicing revenue, net	(24,192)	(6,135)
Gain on sale of originated mortgage loans, net	(9,375)	(9,085)
Other income (loss)	0	0
Operating expenses	(24,192)	(6,135)
Income (loss) before income taxes	(9,375)	(9,085)
Income tax expense (benefit)	0	0
Net income (loss)	(9,375)	(9,085)
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(9,375)	(9,085)
Investments	0
Cash and cash equivalents	0
Restricted cash	0
Other assets	0
Goodwill	0
Total assets	0
Debt	0
Other liabilities	0
Total liabilities	0
Total equity	0
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	0
Investments in equity method investees	0
Corporate
Segment Reporting Information [Line Items]
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Impairment	0	0
Servicing revenue, net	0	0
Gain on sale of originated mortgage loans, net	0	0
Other income (loss)	(47,150)	2,712
Operating expenses	26,981	35,609
Income (loss) before income taxes	(74,131)	(32,897)
Income tax expense (benefit)	0	0
Net income (loss)	(74,131)	(32,897)
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Dividends on Preferred Stock	11,222	0
Net income (loss) attributable to common stockholders	(85,353)	(32,897)
Investments	0
Cash and cash equivalents	1,303
Restricted cash	0
Other assets	37,840
Goodwill	0
Total assets	39,143
Debt	0
Other liabilities	51,883
Total liabilities	51,883
Total equity	(12,740)
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	(12,740)
Investments in equity method investees	0
Origination | Operating | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income	16,735	5,584
Interest expense	13,427	5,158
Net interest income	3,308	426
Impairment	0	0
Servicing revenue, net	(1,078)	(270)
Gain on sale of originated mortgage loans, net	158,215	50,812
Other income (loss)	(16)	1,059
Operating expenses	100,212	46,363
Income (loss) before income taxes	60,217	5,664
Income tax expense (benefit)	11,958	1,549
Net income (loss)	48,259	4,115
Noncontrolling interests in income (loss) of consolidated subsidiaries	1,283	407
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	46,976	3,708
Investments	1,491,206
Cash and cash equivalents	76,752
Restricted cash	4,907
Other assets	403,277
Goodwill	11,836
Total assets	1,987,978
Debt	1,352,846
Other liabilities	244,137
Total liabilities	1,596,983
Total equity	390,995
Noncontrolling interests in equity of consolidated subsidiaries	11,323
Total New Residential stockholders’ equity	379,672
Investments in equity method investees	0
Servicing | Operating | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income	7,487	6,183
Interest expense	196	197
Net interest income	7,291	5,986
Impairment	0	0
Servicing revenue, net	86,742	43,521
Gain on sale of originated mortgage loans, net	259	89
Other income (loss)	499	0
Operating expenses	64,352	36,123
Income (loss) before income taxes	30,439	13,473
Income tax expense (benefit)	6,045	3,686
Net income (loss)	24,394	9,787
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	24,394	9,787
Investments	0
Cash and cash equivalents	14,032
Restricted cash	4,881
Other assets	274,883
Goodwill	12,540
Total assets	306,336
Debt	21,157
Other liabilities	73,889
Total liabilities	95,046
Total equity	211,290
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	211,290
Investments in equity method investees	0
MSR Related Investments | Operating | Servicing and Origination
Segment Reporting Information [Line Items]
Interest income	99,353	120,033
Interest expense	57,783	61,131
Net interest income	41,570	58,902
Impairment	0	0
Servicing revenue, net	(350,587)	128,737
Gain on sale of originated mortgage loans, net	22,088	9,510
Other income (loss)	(156,933)	(21,865)
Operating expenses	108,072	50,491
Income (loss) before income taxes	(551,934)	124,793
Income tax expense (benefit)	(109,785)	34,139
Net income (loss)	(442,149)	90,654
Noncontrolling interests in income (loss) of consolidated subsidiaries	(11,247)	2,451
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(430,902)	88,203
Investments	6,537,930
Cash and cash equivalents	161,778
Restricted cash	105,611
Other assets	3,023,482
Goodwill	5,092
Total assets	9,833,893
Debt	6,332,172
Other liabilities	384,496
Total liabilities	6,716,668
Total equity	3,117,225
Noncontrolling interests in equity of consolidated subsidiaries	31,743
Total New Residential stockholders’ equity	3,085,482
Investments in equity method investees	156,731
Real Estate Securities | Operating | Residential Securities and Loans
Segment Reporting Information [Line Items]
Interest income	184,005	204,473
Interest expense	108,009	101,300
Net interest income	75,996	103,173
Impairment	44,149	7,516
Servicing revenue, net	0	0
Gain on sale of originated mortgage loans, net	0	0
Other income (loss)	(966,039)	(46,958)
Operating expenses	6,854	1,189
Income (loss) before income taxes	(941,046)	47,510
Income tax expense (benefit)	0	0
Net income (loss)	(941,046)	47,510
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(941,046)	47,510
Investments	2,479,603
Cash and cash equivalents	101,646
Restricted cash	0
Other assets	4,064,232
Goodwill	0
Total assets	6,645,481
Debt	5,892,709
Other liabilities	218,654
Total liabilities	6,111,363
Total equity	534,118
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	534,118
Investments in equity method investees	0
Residential Mortgage Loans | Operating | Residential Securities and Loans
Segment Reporting Information [Line Items]
Interest income	59,921	58,189
Interest expense	30,773	35,851
Net interest income	29,148	22,338
Impairment	100,496	(5,804)
Servicing revenue, net	0	0
Gain on sale of originated mortgage loans, net	8,511	15,844
Other income (loss)	(192,271)	(3,445)
Operating expenses	16,756	9,320
Income (loss) before income taxes	(271,864)	31,221
Income tax expense (benefit)	(75,201)	6,544
Net income (loss)	(196,663)	24,677
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Dividends on Preferred Stock	0	0
Net income (loss) attributable to common stockholders	(196,663)	$ 24,677
Investments	4,187,148
Cash and cash equivalents	560
Restricted cash	0
Other assets	310,095
Goodwill	0
Total assets	4,497,803
Debt	3,455,028
Other liabilities	53,854
Total liabilities	3,508,882
Total equity	988,921
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	988,921
Investments in equity method investees	$ 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) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 5,686,233
Purchases	436,395
Ending balance	5,538,815
Excess MSRs
Carrying Value of Investments in Excess MSRs
Beginning balance	379,747
Purchases	0
Interest income	13,226
Other income	636
Proceeds from repayments	(18,619)
Proceeds from sales	(34)
Change in fair value	(11,024)
Ending balance	363,932
Excess MSRs | Mr. Cooper
Carrying Value of Investments in Excess MSRs
Beginning balance	377,692
Purchases	0
Interest income	13,150
Other income	636
Proceeds from repayments	(18,503)
Proceeds from sales	(34)
Change in fair value	(11,059)
Ending balance	361,882
Excess MSRs | SLS
Carrying Value of Investments in Excess MSRs
Beginning balance	2,055
Purchases	0
Interest income	76
Other income	0
Proceeds from repayments	(116)
Proceeds from sales	0
Change in fair value	35
Ending balance	$ 2,050

INVESTMENTS IN EXCESS MORTGAG_4

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Carrying Value	$ 5,538,815		$ 5,686,233
Servicer Advance Investments | Servicer Advances
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages	30,043,832		31,442,267
Original and Recaptured Pools
Schedule of Equity Method Investments [Line Items]
Original and Recaptured Pools	(11,024)	$ 4,627
Excess MSRs
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages	$ 85,009,386
Weighted Average Life (Years)	6 years 1 month 6 days
Servicing Asset at Amortized Cost	$ 298,686
Carrying Value	363,932		379,747
Excess MSRs | Mr. Cooper
Schedule of Equity Method Investments [Line Items]
Carrying Value	361,882		377,692
Excess MSRs | Original and Recaptured Pools | Original and Recaptured Pools
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages	$ 41,702,867
Weighted Average Life (Years)	5 years 8 months 12 days
Servicing Asset at Amortized Cost	$ 174,694
Carrying Value	$ 200,167		209,633
Excess MSRs | Original and Recaptured Pools | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs | Original and Recaptured Pools | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs | Original and Recaptured Pools | Original and Recaptured Pools | Weighted Average
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	53.30%
Excess MSRs | Original and Recaptured Pools | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs | Original and Recaptured Pools | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs | Original and Recaptured Pools | Recapture Agreement | Weighted Average
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	53.30%
Excess MSRs | Original and Recaptured Pools | Fortress-managed funds | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	20.00%
Excess MSRs | Original and Recaptured Pools | Fortress-managed funds | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	35.00%
Excess MSRs | Original and Recaptured Pools | Fortress-managed funds | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	20.00%
Excess MSRs | Original and Recaptured Pools | Fortress-managed funds | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	35.00%
Excess MSRs | Original and Recaptured Pools | Mr. Cooper | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	20.00%
Excess MSRs | Original and Recaptured Pools | Mr. Cooper | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	35.00%
Excess MSRs | Original and Recaptured Pools | Mr. Cooper | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	20.00%
Excess MSRs | Original and Recaptured Pools | Mr. Cooper | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	35.00%
Excess MSRs | Non-Agency | Original and Recaptured Pools
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages	$ 43,306,519
Weighted Average Life (Years)	6 years 8 months 12 days
Servicing Asset at Amortized Cost	$ 123,992
Carrying Value	$ 163,765		$ 170,114
Excess MSRs | Non-Agency | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.30%
Excess MSRs | Non-Agency | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	100.00%
Excess MSRs | Non-Agency | Original and Recaptured Pools | Weighted Average
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	59.40%
Excess MSRs | Non-Agency | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.30%
Excess MSRs | Non-Agency | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	100.00%
Excess MSRs | Non-Agency | Recapture Agreement | Weighted Average
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	59.40%
Excess MSRs | Non-Agency | Fortress-managed funds | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0.00%
Excess MSRs | Non-Agency | Fortress-managed funds | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.00%
Excess MSRs | Non-Agency | Mr. Cooper | Original and Recaptured Pools | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0.00%
Excess MSRs | Non-Agency | Mr. Cooper | Original and Recaptured Pools | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.30%
Excess MSRs | Non-Agency | Mr. Cooper | Recapture Agreement | Minimum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	0.00%
Excess MSRs | Non-Agency | Mr. Cooper | Recapture Agreement | Maximum
Schedule of Equity Method Investments [Line Items]
Interest in Excess MSR	33.30%

INVESTMENTS IN EXCESS MORTGAG_5

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Excess MSRs Investees
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Excess MSR assets	$ 214,950		$ 226,843
Other assets	24,954		25,035
Other liabilities	(687)		(687)
Equity	239,217		251,191
New Residential’s investment	$ 119,609		$ 125,596
New Residential’s ownership	50.00%		50.00%
Interest income	$ 7,313	$ 4,070
Other income (loss)	(8,219)	1,170
Expenses	(8)	(16)
Net income	$ (914)	$ 5,224
MSRs
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	8.20%
MSRs | Excess MSRs Investees
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	8.30%

INVESTMENTS IN EXCESS MORTGAG_6

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Equity Method Investees Changed - Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Increase (Decrease) in Equity Method Investments [Roll Forward]
Distributions of capital from equity method investees	$ 0	$ (13,967)
Recurring Basis
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance	125,596
Contributions to equity method investees	0
Distributions of earnings from equity method investees	(387)
Distributions of capital from equity method investees	(5,143)
Change in fair value of investments in equity method investees	(457)
Ending balance	$ 119,609

INVESTMENTS IN EXCESS MORTGAG_7

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Carrying Value	$ 5,538,815	$ 5,686,233
Weighted Average Life (Years)	1 year 2 months 12 days
Excess MSRs Investees
Schedule of Investments in Mortgage Servicing Rights [Line Items]
New Residential Interest in Investees	50.00%	50.00%
Excess MSRs Investees | Original and Recaptured Pools
Schedule of Investments in Mortgage Servicing Rights [Line Items]
New Residential Interest in Investees	50.00%
Excess MSRs Investees | Original and Recaptured Pools | Agency
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 33,251,300
Investee Interest in Excess MSR	66.70%
New Residential Interest in Investees	50.00%
Amortized Cost Basis	$ 165,403
Carrying Value	$ 214,950
Weighted Average Life (Years)	5 years 7 months 6 days

INVESTMENTS IN MORTGAGE SERVI_3

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Narrative (Details) - USD ($) $ in Millions	Jan. 18, 2018	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2018	Jul. 23, 2017
Schedule of MSRs [Line Items]
Subservicer percent of UPB		35.90%
Reserve for non-recovery advances		$ 10
Ocwen
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages				$ 86,800	$ 110,000
Payments to acquire MSRs	$ 279.6
Mortgage Loans Subserviced
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages		83,000	$ 48,500
Subservicing revenue		$ 42.2	$ 31.9
PHH Mortgage Corporation
Schedule of MSRs [Line Items]
Subservicer percent of UPB		21.70%
Mr. Cooper
Schedule of MSRs [Line Items]
Subservicer percent of UPB		18.00%
LoanCare
Schedule of MSRs [Line Items]
Subservicer percent of UPB		17.80%
Quicken
Schedule of MSRs [Line Items]
Subservicer percent of UPB		3.00%
United Shore
Schedule of MSRs [Line Items]
Subservicer percent of UPB		2.70%
Flagstar Bank
Schedule of MSRs [Line Items]
Subservicer percent of UPB		0.90%
Ocwen | New Residential Mortgage LLC | MSRs
Schedule of MSRs [Line Items]
Unpaid principal balance of underlying loans, transferred		$ 66,700

INVESTMENTS IN MORTGAGE SERVI_4

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Carrying Value of Investments in MSRs and MSR Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning balance	$ 5,686,233
Purchases, net	436,395
Originations	195,896
Prepayments	(7,586)
Proceeds from sales	(12,212)
Amortization of servicing rights	(261,995)
Change in valuation inputs and assumptions	(501,870)
(Gain)/loss on sales	3,954
Ending balance	5,538,815
MSRs
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning balance	3,967,960
Purchases, net	436,395
Originations	195,896
Prepayments	(1,563)
Proceeds from sales	(8,504)	$ 0
Amortization of servicing rights	(193,243)
Change in valuation inputs and assumptions	(468,260)
(Gain)/loss on sales	5,703
Ending balance	3,934,384
Mortgage Servicing Rights Financing Receivable
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Ending balance	1,604,431
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable | MSRs
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]
Beginning balance	1,718,273
Purchases, net	0
Originations	0
Prepayments	(6,023)
Proceeds from sales	(3,708)	(6,913)
Amortization of servicing rights	(68,752)
Change in valuation inputs and assumptions	(33,610)	6,938
(Gain)/loss on sales	(1,749)	$ (441)
Ending balance	$ 1,604,431

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
	Mar. 31, 2020	Mar. 31, 2019
Servicing Asset at Amortized Cost [Line Items]
Less: subservicing expense	$ (66,981)	$ (40,926)
Change in valuation inputs and assumptions	(501,870)
Servicing revenue, net	(289,115)	165,853
Change in fair value of investments in mortgage servicing rights financing receivables	(104,111)	(36,379)
MSRs
Servicing Asset at Amortized Cost [Line Items]
Servicing fee revenue	328,122	183,026
Ancillary and other fees	32,138	39,737
Servicing fee revenue and fees	360,260	222,763
Amortization of servicing rights	(191,367)	(72,675)
Change in valuation inputs and assumptions	(463,711)	15,765
(Gain)/loss on sales	5,703	0
Change in valuation inputs and assumptions	(468,260)
Servicing revenue, net	(289,115)	165,853
MSRs | Excess Spread Financing
Servicing Asset at Amortized Cost [Line Items]
Change in valuation inputs and assumptions	4,500	400
MSRs | New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
Servicing fee revenue	113,582	126,244
Ancillary and other fees	26,000	31,324
Less: subservicing expense	(41,903)	(55,662)
Servicing fee revenue and fees	97,679	101,906
Amortization of servicing rights	(68,752)	(42,876)
Change in valuation inputs and assumptions	(33,610)	6,938
Change in fair value of investments in mortgage servicing rights financing receivables	$ (104,111)	$ (36,379)

INVESTMENTS IN MORTGAGE SERVI_6

INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Servicing Asset at Amortized Cost [Line Items]
Weighted Average Life (Years)	1 year 2 months 12 days
Carrying Value	$ 5,538,815	$ 5,686,233
Carrying value of mortgage servicing rights financing receivable	1,604,431	1,718,273
Residential mortgage loans subject to repurchase	197,715	$ 172,336	$ 140,135
Mortgage Servicing Rights and Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 526,772,821
Weighted Average Life (Years)	5 years 7 months 6 days
Carrying Value	$ 5,538,815
MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 403,706,059
Weighted Average Life (Years)	5 years 2 months 12 days
Carrying Value	$ 3,934,384
Discount rate	8.20%
Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 123,066,762
Weighted Average Life (Years)	6 years 9 months 18 days
Carrying Value	$ 1,604,431
Discount rate	9.40%
Original and Recaptured Pools | MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 339,416,358
Weighted Average Life (Years)	5 years 3 months 18 days
Carrying Value	$ 3,227,788
Original and Recaptured Pools | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 49,533,672
Weighted Average Life (Years)	5 years 2 months 12 days
Carrying Value	$ 491,681
Non-Agency | MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 6,630,753
Weighted Average Life (Years)	5 years 6 months
Carrying Value	$ 16,669
Non-Agency | Mortgage Servicing Rights Financing Receivable
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 73,533,090
Weighted Average Life (Years)	7 years 9 months 18 days
Carrying Value	$ 1,112,750
Ginnie Mae | MSRs
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages	$ 57,658,948
Weighted Average Life (Years)	4 years 9 months 18 days
Carrying Value	$ 689,927

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 (Details) - MSRs - Mortgage Loans	Mar. 31, 2020	Dec. 31, 2019
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	23.40%	21.90%
Florida
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.80%	6.90%
New York
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	6.20%	6.40%
Texas
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.30%	5.50%
New Jersey
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.70%	4.90%
Illinois
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.50%	3.60%
Massachusetts
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.30%
Massachusetts
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.30%	3.40%
Georgia
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.10%	3.10%
COLORADO
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.00%	2.80%
Other U.S.
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	37.40%	38.20%

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		Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Total	[1]	$ 515,574	$ 581,777
Servicer Advances Receivable
Schedule of Equity Method Investments [Line Items]
Principal and interest advances		678,588	660,807
Escrow advances (taxes and insurance advances)		2,284,094	2,427,384
Foreclosure advances		151,485	163,054
Total		3,114,167	3,251,245
Servicer advances receivable related to agency MSRs		636,900	562,200
Servicer advances receivable related to Ginnie Mae MSRS, recoverable from Ginnie Mae		69,900	166,500
Servicer advances, unamortized discount and accrual		$ 41,300	$ 50,100
[1]	See Note 13 regarding consolidated VIEs.

SERVICER ADVANCE INVESTMENTS -

SERVICER ADVANCE INVESTMENTS - Narrative (Details) $ in Millions	Mar. 31, 2020USD ($)
The Buyer
Schedule of Equity Method Investments [Line Items]
Capital distributed to third-party co-investors	$ 328.4
Capital distributed to New Residential	$ 306.9
Servicer Advance Investments
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership	73.20%
Funded capital commitments	$ 312.7
Servicer Advance Investments | Noncontrolling Third-party Investors
Schedule of Equity Method Investments [Line Items]
Funded capital commitments	$ 389.6

SERVICER ADVANCE INVESTMENTS _2

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances (Details) - Servicer Advance Investments - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	$ 509,989		$ 557,444
Carrying Value	$ 515,574		$ 581,777
Weighted Average Discount Rate	5.80%		5.30%
Weighted Average Yield	5.60%		5.70%
Weighted Average Life (Years)	6 years 8 months 12 days		6 years 3 months 18 days
Change in fair value of Servicer Advance Investments	$ (18,749)	$ 7,903

SERVICER ADVANCE INVESTMENTS _3

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Investments in and Advances to Affiliates [Line Items]
Servicer advance investments, at fair value	[1]	$ 515,574	$ 581,777
Face Amount of Notes and Bonds Payable		17,843,669
Servicer Advance Investments | Servicer Advances
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages		30,043,832	31,442,267
Servicer advance investments, at fair value		$ 461,723	$ 462,843
Servicer Advances to UPB of Underlying Residential Mortgage Loans		1.50%	1.50%
Face Amount of Notes and Bonds Payable		$ 423,910	$ 443,248
Gross Loan-to-Value		88.00%	88.30%
Net Loan-to-Value		87.10%	87.20%
Gross Cost of Funds		1.70%	3.40%
Net Cost of Funds		1.70%	2.80%
[1]	See Note 13 regarding consolidated VIEs.

SERVICER ADVANCE INVESTMENTS _4

SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Total	[1]	$ 515,574	$ 581,777
Servicer Advance Investments | Servicer Advances
Schedule of Equity Method Investments [Line Items]
Principal and interest advances		87,292	71,574
Escrow advances (taxes and insurance advances)		173,617	180,047
Foreclosure advances		200,814	211,222
Total		$ 461,723	$ 462,843
[1]	See Note 13 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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of Equity Method Investments [Line Items]
Interest income, gross of amounts attributable to servicer compensation	$ (10,250)	$ 15,076
Amounts attributable to base servicer compensation	882	(1,565)
Amounts attributable to incentive servicer compensation	(8,721)	(6,427)
Interest income from Servicer Advance Investments	$ (18,089)	$ 7,084

INVESTMENTS IN REAL ESTATE AN_3

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)securitybond	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Sales
Outstanding Face Amount	$ 20,834,705
Amortized Cost Basis	2,591,656		$ 18,782,175
Carrying Value	$ 2,479,603		19,477,728
Weighted Average Life (Years)	1 year 2 months 12 days
Investments	$ 15,476,708
Bonds
Sales
Carrying Value	$ 971,600
Number of bonds which New Residential was unable to obtain rating information | bond	337
Residual Bonds
Sales
Investments	$ 29,500
Non-Agency Bonds
Sales
Investments	4,300
Agency RMBS
Purchases
Face	7,140,000	$ 5,024,300
Purchase price	7,290,000	5,129,400
Sales
Face	17,395,000	6,778,800
Amortized Cost Basis	17,679,300	6,914,300
Sale price	17,869,100	6,979,400
Gain (loss) on sale	189,800	65,100
Outstanding Face Amount	306,566
Amortized Cost Basis	308,486
Gross Unrealized Gains	10,082
Gross Unrealized Losses	0
Carrying Value	$ 318,568		11,519,943
Number of Securities | security	27
Weighted Average Rating	AAA
Weighted Average Coupon	2.95%
Weighted Average Yield	2.79%
Weighted Average Life (Years)	6 years 9 months 18 days
Agency RMBS | Fixed Rate Securities
Sales
Outstanding Face Amount	$ 300,000
Non-Agency
Purchases
Face	4,563,200	2,444,000
Purchase price	539,000	349,700
Sales
Face	7,200,000	228,000
Amortized Cost Basis	5,283,800	228,000
Sale price	4,358,900	228,000
Gain (loss) on sale	(924,900)	$ 0
Outstanding Face Amount	20,528,139
Amortized Cost Basis	2,239,021
Gross Unrealized Gains	69,347
Gross Unrealized Losses	(147,333)
Carrying Value	$ 2,161,035		7,957,785
Number of Securities | security	593
Weighted Average Rating	A-
Weighted Average Coupon	3.16%
Weighted Average Yield	5.00%
Weighted Average Life (Years)	8 years
Weighted Average Principal Subordination	13.30%
Non-Agency | Fixed Rate Securities
Sales
Outstanding Face Amount	$ 11,100,000
Residual and interest - only notional amount	9,700,000
Non-Agency | Floating Rate Securities
Sales
Outstanding Face Amount	9,400,000
Residual and interest - only notional amount	8,200,000
Investments in Real Estate Securities
Sales
Outstanding Face Amount	20,834,705
Amortized Cost Basis	2,547,507
Gross Unrealized Gains	79,429
Gross Unrealized Losses	(147,333)
Carrying Value	$ 2,479,603		$ 19,477,728
Number of Securities | security	620
Weighted Average Rating	A
Weighted Average Coupon	3.11%
Weighted Average Yield	4.74%
Weighted Average Life (Years)	7 years 9 months 18 days
Corporate debt
Sales
Outstanding Face Amount	$ 23,250
Amortized Cost Basis	18,484
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Carrying Value	$ 18,484
Number of Securities | security	1
Weighted Average Rating	B-
Weighted Average Coupon	8.25%
Weighted Average Yield	8.25%
Weighted Average Life (Years)	5 years
Consumer loan bonds
Sales
Outstanding Face Amount	$ 20,114
Amortized Cost Basis	13,268
Gross Unrealized Gains	232
Gross Unrealized Losses	(458)
Carrying Value	$ 13,042
Number of Securities | security	6
Interest-only securities
Sales
Outstanding Face Amount	$ 11,698,718
Amortized Cost Basis	305,697
Gross Unrealized Gains	22,129
Gross Unrealized Losses	(23,984)
Carrying Value	$ 303,842
Number of Securities | security	130
Weighted Average Rating	AA
Weighted Average Coupon	1.30%
Weighted Average Yield	9.36%
Weighted Average Life (Years)	3 years 1 month 6 days
Servicing strips
Sales
Outstanding Face Amount	$ 4,984,912
Amortized Cost Basis	56,798
Gross Unrealized Gains	2,480
Gross Unrealized Losses	(11,292)
Carrying Value	$ 47,986
Number of Securities | security	53
Weighted Average Coupon	0.90%
Weighted Average Yield	8.11%
Weighted Average Life (Years)	5 years 6 months

INVESTMENTS IN REAL ESTATE AN_4

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Provision for credit losses on securities	$ 44,149	$ 7,516
Agency RMBS
Debt Securities, Available-for-sale [Line Items]
Face amount of securities sold, unsettled	2,800,000	6,800,000
Proceeds from sale of AFS, unsettled	2,900,000	7,000,000
Face amount of securities purchased		200,000
Purchase of real estate securities, unsettled		200,000
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Face amount of securities sold, unsettled	6,100,000
Proceeds from sale of AFS, unsettled	$ 3,300,000	3,800
Purchase of real estate securities, unsettled		$ 3,400

INVESTMENTS IN REAL ESTATE AN_5

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)security	Dec. 31, 2019USD ($)
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 20,834,705
Amortized Cost Basis	$ 2,591,656	$ 18,782,175
Weighted Average Life (Years)	1 year 2 months 12 days
Less than 12 Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 8,525,893
Before Impairment - Amortized Cost Basis	1,482,309
Credit Impairment - Amortized Cost Basis	(30,161)
Amortized Cost Basis	1,452,148
Gross Unrealized Losses - Less than 12 Months	(133,907)
Carrying Value - Less than 12 Months	$ 1,318,241
Number of Securities - Less than 12 Months | security	262
Weighted Average Rating	A-
Weighted Average Coupon	3.57%
Weighted Average Yield	4.45%
Weighted Average Life (Years)	10 years
12 or More Months
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,903,679
Before Impairment - Amortized Cost Basis	119,591
Credit Impairment - Amortized Cost Basis	(13,988)
Amortized Cost Basis	105,603
Gross Unrealized Losses - 12 or More Months	(13,426)
Carrying Value - 12 or More Months	$ 92,177
Number of Securities - 12 or More Months | security	59
Weighted Average Rating	A-
Weighted Average Coupon	2.63%
Weighted Average Yield	5.26%
Weighted Average Life (Years)	3 years 3 months 18 days
Total/Weighted Average
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 10,429,572
Before Impairment - Amortized Cost Basis	1,601,900
Credit Impairment - Amortized Cost Basis	(44,149)
Amortized Cost Basis	1,557,751
Gross Unrealized Losses - Total	(147,333)
Carrying Value - Total	$ 1,410,418
Number of Securities - Total | security	321
Weighted Average Rating	A-
Weighted Average Coupon	3.50%
Weighted Average Yield	4.51%
Weighted Average Life (Years)	9 years 6 months

INVESTMENTS IN REAL ESTATE AN_6

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Securities New Residential intends to sell
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 0	$ 0
Amortized Cost Basis After Credit Impairment	0	0
Gross Unrealized Losses, Credit	0	0
Gross unrealized Losses, Non-Credit	0	0
Securities New Residential is more likely than not to be required to sell(D)
Debt Securities, Available-for-sale [Line Items]
Fair Value	0	0
Amortized Cost Basis After Credit Impairment	0	0
Gross Unrealized Losses, Credit	0	0
Credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	560,375	228,228
Amortized Cost Basis After Credit Impairment	598,610	237,626
Gross Unrealized Losses, Credit	(44,149)	(3,232)
Gross unrealized Losses, Non-Credit	(38,235)	(9,398)
Non-credit impaired securities
Debt Securities, Available-for-sale [Line Items]
Fair Value	850,043	4,726,409
Amortized Cost Basis After Credit Impairment	959,141	4,767,837
Gross Unrealized Losses, Credit	0	0
Gross unrealized Losses, Non-Credit	(109,098)	(41,428)
Total debt securities in an unrealized loss position
Debt Securities, Available-for-sale [Line Items]
Fair Value	1,410,418	4,954,637
Amortized Cost Basis After Credit Impairment	1,557,751	5,005,463
Gross Unrealized Losses, Credit	(44,149)	(3,232)
Gross unrealized Losses, Non-Credit	$ (147,333)	$ (50,826)

INVESTMENTS IN REAL ESTATE AN_7

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Beginning balance of the allowance for credit losses on available-for-sale debt securities	$ 0
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0
Reductions for securities sold during the period	0
Reductions in the allowance for credit losses 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
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	44,149
Write-offs charged against the allowance	0
Recoveries of amounts previously written off	0
Ending balance of the allowance for credit losses on available-for-sale debt securities	44,149
Purchased Credit Deteriorated
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Beginning balance of the allowance for credit losses on available-for-sale debt securities	0
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0
Reductions for securities sold during the period	0
Reductions in the allowance for credit losses 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
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	24,121
Write-offs charged against the allowance	0
Recoveries of amounts previously written off	0
Ending balance of the allowance for credit losses on available-for-sale debt securities	24,121
Non-Purchased Credit Deteriorated
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Beginning balance of the allowance for credit losses on available-for-sale debt securities	0
Additions to the allowance for credit losses on securities for which credit losses were not previously recorded	0
Additions to the allowance for credit losses arising from purchases of available-for-sale debt securities accounted for as purchased financial assets with credit deterioration	0
Reductions for securities sold during the period	0
Reductions in the allowance for credit losses 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
Additional increases (decreases) to the allowance for credit losses on securities that had credit losses or an allowance recorded in a previous period	20,028
Write-offs charged against the allowance	0
Recoveries of amounts previously written off	0
Ending balance of the allowance for credit losses on available-for-sale debt securities	$ 20,028

INVESTMENTS IN REAL ESTATE AN_8

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 20,484,775	$ 24,747,959
Percentage of Total Outstanding	100.00%	100.00%
Non-Agency | Western U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 7,276,817	$ 9,048,847
Percentage of Total Outstanding	35.50%	36.60%
Non-Agency | Southeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 5,337,487	$ 5,983,966
Percentage of Total Outstanding	26.10%	24.20%
Non-Agency | Northeastern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 4,532,153	$ 5,416,137
Percentage of Total Outstanding	22.10%	21.90%
Non-Agency | Midwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 2,176,968	$ 2,562,269
Percentage of Total Outstanding	10.60%	10.40%
Non-Agency | Southwestern U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 1,143,615	$ 1,440,467
Percentage of Total Outstanding	5.60%	5.80%
Non-Agency | Other U.S.
Debt Securities, Available-for-sale [Line Items]
Outstanding Face Amount	$ 17,735	$ 296,273
Percentage of Total Outstanding	0.10%	1.10%
Consumer loans | Bonds
Debt Securities, Available-for-sale [Line Items]
Face amount of investment	$ 20,100	$ 25,000
Corporate Loan | Bonds
Debt Securities, Available-for-sale [Line Items]
Face amount of investment	$ 23,300	$ 85,000

INVESTMENTS IN REAL ESTATE AN_9

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Outstanding Face Amount	$ 1,179,074	$ 5,701,736
Carrying Value	$ 528,741	$ 3,830,369

INVESTMENTS IN REAL ESTATE A_10

INVESTMENTS IN REAL ESTATE AND OTHER SECURITIES - Summary of Changes in Accretable Yield for Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Certain Loans Acquired in Transfer Accounted for as Available-for-sale Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance, beginning	$ 1,882,476
Additions	67,194
Accretion	(46,906)
Reclassifications from (to) non-accretable difference	(2,841,574)
Disposals	1,287,097
Balance, ending	$ 348,287

INVESTMENTS IN RESIDENTIAL MO_3

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 628,300
Carrying Value	$ 543,270
Weighted Average Life (Years)	1 year 2 months 12 days
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]
Outstanding Face Amount	$ 919,461
Carrying Value	$ 824,183	$ 925,706
Loan Count | loan	14,164
Weighted Average Yield	8.20%
Weighted Average Life (Years)	6 years 6 months
Floating Rate Loans as a % of Face Amount	9.00%
Loan to Value Ratio (LTV)	72.10%
Weighted Average Delinquency	17.80%
Weighted Average FICO	642
Reverse Mortgage Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 12,333
Carrying Value	$ 6,220	5,844
Loan Count | loan	29
Weighted Average Yield	7.90%
Weighted Average Life (Years)	5 years
Floating Rate Loans as a % of Face Amount	5.50%
Loan to Value Ratio (LTV)	153.30%
Weighted Average Delinquency	70.70%
Interest in reverse mortgage loans	70.00%
Unpaid principal balance	$ 600
Percentage of loans that have reached a termination event	47.00%
Reverse Mortgage Loans | Mr. Cooper
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	30.00%
Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 828,323
Carrying Value	$ 753,288	857,821
Loan Count | loan	11,853
Weighted Average Yield	6.10%
Weighted Average Life (Years)	4 years 2 months 12 days
Floating Rate Loans as a % of Face Amount	65.90%
Loan to Value Ratio (LTV)	51.10%
Weighted Average Delinquency	8.60%
Weighted Average FICO	684
Performing Loans | Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 35,100
Acquired Non-Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	629,948
Carrying Value	$ 505,025	565,387
Loan Count | loan	4,822
Weighted Average Yield	8.30%
Weighted Average Life (Years)	3 years 2 months 12 days
Floating Rate Loans as a % of Face Amount	10.90%
Loan to Value Ratio (LTV)	76.60%
Weighted Average Delinquency	73.10%
Weighted Average FICO	581
Acquired Non-Performing Loans | Ginnie Mae
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 26,600
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	1,470,604
Carrying Value	$ 1,264,533	1,429,052
Loan Count | loan	16,704
Weighted Average Yield	7.10%
Weighted Average Life (Years)	3 years 9 months 18 days
Floating Rate Loans as a % of Face Amount	41.80%
Loan to Value Ratio (LTV)	62.90%
Weighted Average Delinquency	36.80%
Weighted Average FICO	639
Acquired Performing Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 2,046,090
Carrying Value	$ 1,804,443	3,024,288
Loan Count | loan	12,925
Weighted Average Yield	5.90%
Weighted Average Life (Years)	7 years 10 months 24 days
Floating Rate Loans as a % of Face Amount	6.90%
Loan to Value Ratio (LTV)	67.30%
Weighted Average Delinquency	30.50%
Weighted Average FICO	644
Originated Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$ 1,430,577
Carrying Value	$ 1,479,530	1,589,324
Loan Count | loan	4,769
Weighted Average Yield	3.70%
Weighted Average Life (Years)	28 years
Floating Rate Loans as a % of Face Amount	2.90%
Loan to Value Ratio (LTV)	72.70%
Weighted Average Delinquency	0.10%
Weighted Average FICO	732
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	$ 3,476,667
Carrying Value	$ 3,283,973	$ 4,613,612
Loan Count | loan	17,694
Weighted Average Yield	5.00%
Weighted Average Life (Years)	16 years 2 months 12 days
Floating Rate Loans as a % of Face Amount	5.30%
Loan to Value Ratio (LTV)	69.50%
Weighted Average Delinquency	18.00%
Weighted Average FICO	680

INVESTMENTS IN RESIDENTIAL MO_4

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)trust	Mar. 31, 2019USD ($)trust	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduction to retained earnings	$ 1,059,706			$ (549,733)
Threshold period past due (in days)	60 days
Residential Mortgage Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of trusts called | trust	15	19
Loans Sold | Residential Mortgage Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 12,000	$ 32,500
Gain on securitization accounted for as sales	$ 42,600	$ 2,800
Cumulative Effect, Period of Adoption, Adjustment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduction to retained earnings				$ (30,453)
Cumulative Effect, Period of Adoption, Adjustment | Residential Mortgage Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduction to retained earnings			$ 6,000

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	Mar. 31, 2020	Dec. 31, 2019
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	16.80%	16.10%
Florida
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	9.90%	9.00%
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	7.70%	8.40%
Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	7.50%	7.10%
Georgia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.60%	4.80%
Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.60%	4.20%
Illinois
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.40%	3.60%
Maryland
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.10%	3.30%
Pennsylvania
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.10%	2.90%
Virginia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.70%	2.70%
Other U.S.
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	36.60%	37.90%

INVESTMENTS IN RESIDENTIAL MO_6

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Aggregate Unpaid Principal Balance and Aggregate Carrying Value (Details) $ in Thousands	Mar. 31, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	$ 628,300
Carrying Value	543,270
Carrying Value Over (Under) Unpaid Principal Balance	(85,030)
90 to 119
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	336,910
Carrying Value	275,597
Carrying Value Over (Under) Unpaid Principal Balance	(61,313)
120 or greater
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	291,390
Carrying Value	267,673
Carrying Value Over (Under) Unpaid Principal Balance	$ (23,717)

INVESTMENTS IN RESIDENTIAL MO_7

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Performing Loans Past Due (Details) - Performing Loans - Residential Portfolio Segment	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	100.00%
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	86.50%
30-59
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	7.00%
60-89
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	2.70%
90-119
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	0.70%
120 or greater
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent past due	3.10%

INVESTMENTS IN RESIDENTIAL MO_8

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Carrying Value of Mortgage Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Transfer of loans to real estate owned	$ (20,240)
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Residential Portfolio Segment
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	925,706
Fair value adjustment due to fair value option	(6,020)
Purchases/additional fundings	0
Proceeds from repayments	(31,233)
Transfer of loans to other assets	0
Transfer of loans to real estate owned	(2,410)
Transfers of loans to held for sale	0
Fair value adjustment	(61,860)
Balance, ending	$ 824,183

INVESTMENTS IN RESIDENTIAL MO_9

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Loans Held For Sale, Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loans Held-for-sale, Reconciliation
Accretion of loan discount and premium amortization, net	$ 41,104	$ 152,894
Fair value adjustment	400
Originated Loans
Loans Held-for-sale, Reconciliation
Loans held-for-sale, fair value	1,414,528
Originations	11,440,093
Sales	(11,358,767)
Proceeds from repayments	(170)
Transfer of loans to real estate owned	0
Transfer of loans to other assets	(1,707)
Fair value adjustment	14,447
Loans held-for-sale, fair value	1,479,530
Acquired Loans
Loans Held-for-sale, Reconciliation
Loans held-for-sale, fair value	3,199,084
Purchases	878,049
Sales	(2,028,620)
Proceeds from repayments	(47,200)
Transfer of loans to real estate owned	(2,997)
Transfer of loans to other assets	(4,936)
Fair value adjustment	188,937
Loans held-for-sale, fair value	1,804,443
Acquired Loans, at Lower Cost or Fair Value
Loans Held-for-sale, Reconciliation
Loans held-for-sale, fair value	1,429,052
Purchases	109,666
Transfer of loans from held-for-investment	0
Sales	(103,327)
Proceeds from repayments	(59,526)
Transfer of loans to real estate owned	(12,238)
Transfer of loans to other assets	(390)
Provision for loan losses	(98,704)
Loans held-for-sale, fair value	$ 1,264,533

INVESTMENTS IN RESIDENTIAL M_10

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Schedule of Net Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Income:
Acquired Residential Mortgage Loans, held-for-investment	$ 15,109	$ 17,203
Acquired Residential Mortgage Loans, held-for-sale	17,780	15,179
Acquired Residential Mortgage Loans, held-for-sale, at fair value	27,032	25,807
Originated Residential Mortgage Loans, held-for-sale, at fair value	16,735	5,584
Total Interest Income on Residential Mortgage Loans	76,656	63,773
Interest Expense:
Acquired Residential Mortgage Loans, held-for-investment	5,200	6,005
Acquired Residential Mortgage Loans, held-for-sale	8,530	8,808
Acquired Residential Mortgage Loans, held-for-sale, at fair value	17,043	21,038
Originated Residential Mortgage Loans, held-for-sale, at fair value	13,427	5,158
Total Interest Expense on Residential Mortgage Loans	44,200	41,009
Total Net Interest Income on Residential Mortgage Loans	$ 32,456	$ 22,764

INVESTMENTS IN RESIDENTIAL M_11

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Gain On Sale of Originated Mortgage Loans, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Long Lived Assets Held-for-sale [Line Items]
Gain on loans originated and sold	$ 39,289	$ 27,542
Gain (loss) on settlement of mortgage loan origination derivative instruments	(46,314)	(11,423)
MSRs retained on transfer of loans	195,896	36,429
Other	16,627	7,280
Realized gain on sale of originated mortgage loans, net	205,498	59,828
Change in fair value of derivative instruments	(48,075)	1,993
Gain on sale of originated mortgage loans, net	179,698	67,170
Loan origination fees and direct loan origination costs	277,000	25,000
Interest Rate Lock Commitments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments	91,249	3,208
TBAs And Forward Loan Sale Commitments
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of derivative instruments	(139,324)	(1,215)
Originated Loans
Long Lived Assets Held-for-sale [Line Items]
Change in fair value of loans	$ (22,275)	$ (5,349)

INVESTMENTS IN RESIDENTIAL M_12

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS AND REAL ESTATE OWNED - Real Estate Owned (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Real Estate Owned [Roll Forward]
Beginning balance	$ 93,672
Purchases	3,910
Transfer of loans to real estate owned	20,240
Sales(A)	(34,741)
Valuation (provision) reversal on REO	(1,792)
Ending balance	81,289
Early buy-out and reverse mortgage loans, foreclosure completed
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Claims receivable	16,600
Residential Mortgage
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	$ 418,900

INVESTMENTS IN CONSUMER LOANS -

INVESTMENTS IN CONSUMER LOANS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2017	Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Reduction to retained earnings		$ 1,059,706	$ (549,733)
Warrants		$ 25,519	28,042
WarrantCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Exercise price (in dollars per share)	$ 0.01
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Total purchase agreement amount	$ 5,000,000
Term of purchase contract (in years)	2 years
Consumer Loan Companies
Schedule of Equity Method Investments [Line Items]
Ownership interest		53.50%
Cumulative Effect, Period of Adoption, Adjustment
Schedule of Equity Method Investments [Line Items]
Reduction to retained earnings			$ (30,453)
Consumer Loans | Cumulative Effect, Period of Adoption, Adjustment
Schedule of Equity Method Investments [Line Items]
Reduction to retained earnings		$ 19,700
Series F Convertible Preferred Stock | Consumer Loan Seller | New Residential and Co Investors | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Number of warrants to be purchased (in shares)	177.7

INVESTMENTS IN CONSUMER LOANS_2

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Investments made through Equity Method Investees (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Carrying Value	[1]	$ 780,821	$ 827,545
Weighted Average Life (Years)		1 year 2 months 12 days
Consumer Portfolio Segment | New Residential Investment Corp.
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 771,998	823,917
Carrying Value		$ 780,821	$ 827,545
Weighted Average Coupon		18.00%	18.00%
Weighted Average Life (Years)		3 years 10 months 24 days	3 years 10 months 24 days
Weighted Average Delinquency		5.70%	5.90%
Consumer Portfolio Segment | New Residential Investment Corp. | Other - Performing Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 6,958	$ 9,158
Carrying Value		$ 6,214	$ 8,602
Weighted Average Coupon		15.10%	15.10%
Weighted Average Life (Years)		21 days	21 days
Weighted Average Delinquency		5.10%	6.10%
Consumer Portfolio Segment | New Residential Investment Corp. | Performing Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 606,120	$ 644,676
Carrying Value		$ 627,001	$ 682,310
Weighted Average Coupon		18.80%	18.80%
Weighted Average Life (Years)		4 years	4 years
Weighted Average Delinquency		4.70%	4.70%
Consumer Portfolio Segment | New Residential Investment Corp. | Purchased Credit Deteriorated Loans
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 158,920	$ 170,083
Carrying Value		$ 147,606	$ 136,633
Weighted Average Coupon		15.30%	15.50%
Weighted Average Life (Years)		3 years 8 months 12 days	3 years 8 months 12 days
Weighted Average Delinquency		9.70%	10.10%
Consumer Loan Companies
Schedule of Equity Method Investments [Line Items]
Ownership interest		53.50%
Consumer Loan Companies | Consumer Portfolio Segment | New Residential Investment Corp. | Performing Loans
Schedule of Equity Method Investments [Line Items]
Ownership interest		53.50%	53.50%
Consumer Loan Companies | Consumer Portfolio Segment | New Residential Investment Corp. | Purchased Credit Deteriorated Loans
Schedule of Equity Method Investments [Line Items]
Ownership interest		53.50%	53.50%
Entirely Owned Loan Portfolio | Consumer Portfolio Segment | New Residential Investment Corp. | Other - Performing Loans
Schedule of Equity Method Investments [Line Items]
Ownership interest		100.00%	100.00%
[1]	See Note 13 regarding consolidated VIEs.

INVESTMENTS IN CONSUMER LOANS_3

INVESTMENTS IN CONSUMER LOANS - Schedule of Aggregate Unpaid Principal Balance and Aggregate Carrying Value (Details) - Parent - Consumer Portfolio Segment $ in Thousands	Mar. 31, 2020USD ($)
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	$ 771,998
Fair Value	780,821
Fair Value Over (Under) Unpaid Principal Balance	8,823
Under 90 Days
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	755,681
Fair Value	764,479
Fair Value Over (Under) Unpaid Principal Balance	8,798
90 to 119
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	16,317
Fair Value	16,342
Fair Value Over (Under) Unpaid Principal Balance	$ 25

INVESTMENTS IN CONSUMER LOANS_4

INVESTMENTS IN CONSUMER LOANS - Consumer Loans Receivable Past Due (Details) - Performing Loans - Consumer Portfolio Segment	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Percent past due	100.00%
Current
Financing Receivable, Past Due [Line Items]
Percent past due	95.30%
30-59
Financing Receivable, Past Due [Line Items]
Percent past due	1.80%
60-89
Financing Receivable, Past Due [Line Items]
Percent past due	1.20%
90-119
Financing Receivable, Past Due [Line Items]
Percent past due	0.70%
120 or greater
Financing Receivable, Past Due [Line Items]
Percent past due	1.00%

INVESTMENTS IN CONSUMER LOANS_5

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Loans Receivable [Roll Forward]
Proceeds from repayments	$ (31,272)	$ (27,970)
Accretion of loan discount and premium amortization, net	41,104	$ 152,894
Consumer Portfolio Segment | Performing Loans
Loans Receivable [Roll Forward]
Balance at December 31, 2019	827,545
Fair value adjustment due to fair value option	36,472
Purchases	0
Additional fundings	11,002
Proceeds from repayments	(61,213)
Accretion of loan discount and premium amortization, net	6,932
Fair value adjustment	(39,917)
Balance at March 31, 2020	$ 780,821

INVESTMENTS IN CONSUMER LOANS_6

INVESTMENTS IN CONSUMER LOANS - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Schedule of Equity Method Investments [Line Items]
New Residential’s equity in net income	$ 0	$ 4,311
Real estate securities retained from loan securitizations	482,444	96,799
Consumer Portfolio Segment | LoanCo and WarrantCo
Schedule of Equity Method Investments [Line Items]
Interest income		7,977
Interest expense		(2,822)
Change in fair value of consumer loans and warrants		14,536
Gain on sale of consumer loans(B)		(446)
Other expenses		(1,456)
Net income		17,789
New Residential’s equity in net income		$ 4,311
New Residential’s ownership		24.20%
LoanCo
Schedule of Equity Method Investments [Line Items]
Real estate securities retained from loan securitizations	83,900
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Bonds and residual interests retained	$ 406,100

INVESTMENTS IN CONSUMER LOANS_7

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Equity Method Investments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Carrying Value	[1]	$ 780,821		$ 827,545
Weighted Average Life (Years)		1 year 2 months 12 days
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
Interest in Consumer Loans			25.00%
LoanCo | Consumer Portfolio Segment
Schedule of Equity Method Investments [Line Items]
UPB of Underlying Mortgages			$ 259,618
Carrying Value			$ 259,618
Weighted Average Coupon			14.00%
Weighted Average Life (Years)			1 year 3 months 18 days
Weighted Average Delinquency			1.40%
[1]	See Note 13 regarding consolidated VIEs.

DERIVATIVES - Derivatives Recor

DERIVATIVES - Derivatives Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative assets	$ 132,616	$ 41,501
Derivative liabilities	160,353	6,885
Interest Rate Swaps
Derivative [Line Items]
Derivative assets	48	155
Derivative asset, variation margin accounts	245,400	171,800
Interest Rate Lock Commitments
Derivative [Line Items]
Derivative assets	132,568	41,346
Derivative liabilities	1,428	1,455
Forward Loan Sale Commitments
Derivative [Line Items]
Derivative liabilities	0	27
TBAs
Derivative [Line Items]
Derivative liabilities	$ 158,925	$ 5,403

DERIVATIVES - Derivatives Notio

DERIVATIVES - Derivatives Notional Amount (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Interest Rate Caps
Derivative [Line Items]
Derivative asset, notional amount	$ 12,500	$ 12,500
Derivative, cap interest rate	4.00%
Notional amount	$ 12,500
Weighted average maturity	8 months
Interest Rate Swaps
Derivative [Line Items]
Derivative asset, notional amount	$ 9,070,000	$ 4,900,000
Interest Rate Swaps | TBAs, short position
Derivative [Line Items]
Derivative, cap interest rate	0.80%	1.89%
Notional amount	$ 4,700,000	$ 900,000
Weighted average maturity	36 months	87 months
Interest Rate Swaps | TBAs, long position
Derivative [Line Items]
Derivative, cap interest rate	2.96%	3.21%
Notional amount	$ 4,400,000	$ 4,000,000
Weighted average maturity	37 months	36 months
Interest Rate Lock Commitments
Derivative [Line Items]
Derivative asset, notional amount	$ 5,861,166	$ 4,043,935
Forward Loan Sale Commitments
Derivative [Line Items]
Derivative asset, notional amount	0	43,654
TBAs | TBAs, short position
Derivative [Line Items]
Derivative liability, notional amount	4,245,000	5,048,000
TBAs | TBAs, long position
Derivative [Line Items]
Derivative liability, notional amount	$ 13,705,341	$ 11,692,212

DERIVATIVES - Derivatives Gain

DERIVATIVES - Derivatives Gain (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	$ (39,982)	$ (25,760)
Gain (loss) on settlement of investments, net	(84,712)	(93,076)
Gain on originated mortgage loans, held-for-sale, net	(48,075)	1,993
Total income (losses)	(172,769)	(116,843)
Loss on settlement of mortgage loan origination derivative instruments	46,314	11,423
Interest Rate Caps
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	0	2,776
Interest Rate Swaps
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	(39,982)	(3)
Gain (loss) on settlement of investments, net	(13,652)	(16,378)
Interest Rate Lock Commitments
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	0	(28,533)
Gain on originated mortgage loans, held-for-sale, net	91,249	3,208
Forward Loan Sale Commitments
Derivative [Line Items]
Gain on originated mortgage loans, held-for-sale, net	27	(21)
TBAs
Derivative [Line Items]
Gain (loss) on settlement of investments, net	(71,060)	(76,698)
Gain on originated mortgage loans, held-for-sale, net	$ (139,351)	$ (1,194)

DEBT OBLIGATIONS - Schedule of

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Outstanding Face Amount	$ 17,843,669,000
Carrying Value	$ 17,828,709,000	$ 35,636,373,000
Weighted Average Funding Cost	2.92%
Weighted Average Life (Years)	1 year 2 months 12 days
MSR purchase price holdback	$ 37,585,000	68,668,000
Agency RMBS | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	302,508,000
Carrying Value	$ 302,508,000	15,481,677,000
Weighted Average Funding Cost	1.68%
Weighted Average Life (Years)	2 hours
Agency RMBS | Repurchase Agreements | Trade And Other Receivables
Debt Instrument [Line Items]
Collateral amount	$ 2,900,000,000
Agency RMBS | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 9 months 18 days
Outstanding Face of Collateral	$ 306,566,000
Amortized Cost Basis of Collateral	308,486,000
Carrying Value of Collateral	318,567,000
Non-Agency RMBS | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	6,131,955,000
Carrying Value	$ 6,131,955,000	7,317,519,000
Weighted Average Funding Cost	2.77%
Weighted Average Life (Years)	3 days
Non-Agency RMBS | Repurchase Agreements | Trade And Other Receivables
Debt Instrument [Line Items]
Collateral amount	$ 3,300,000,000
Non-Agency RMBS | Repurchase Agreements | Retained Servicer Advance and Consumer Bonds
Debt Instrument [Line Items]
Carrying Value	7,500,000
Non-Agency RMBS | Repurchase Agreements | Retainer Bonds Collateralized by Agency MSRs
Debt Instrument [Line Items]
Carrying Value	$ 533,300,000
Non-Agency RMBS | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	2 years 9 months 18 days
Outstanding Face of Collateral	$ 25,071,311,000
Amortized Cost Basis of Collateral	6,413,847,000
Carrying Value of Collateral	5,389,267,000
Non-Agency RMBS | Repurchase Agreements | Collateral | Retained Servicer Advance and Consumer Bonds
Debt Instrument [Line Items]
Carrying Value	10,000,000
Non-Agency RMBS | Repurchase Agreements | Collateral | Retainer Bonds Collateralized by Agency MSRs
Debt Instrument [Line Items]
Carrying Value	697,600,000
Residential Mortgage | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	4,311,309,000
Carrying Value	$ 4,309,869,000	5,053,207,000
Weighted Average Funding Cost	2.70%
Weighted Average Life (Years)	24 days
Residential Mortgage | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	12 years 4 months 24 days
Outstanding Face of Collateral	$ 5,003,435,000
Amortized Cost Basis of Collateral	5,411,739,000
Carrying Value of Collateral	4,612,611,000
Residential Mortgage | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	431,953,000
Carrying Value	$ 428,218,000	864,451,000
Weighted Average Funding Cost	4.68%
Weighted Average Life (Years)	8 years 4 months 24 days
Residential Mortgage | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 years 7 months 6 days
Outstanding Face of Collateral	$ 685,168,000
Amortized Cost Basis of Collateral	987,623,000
Carrying Value of Collateral	633,205,000
Real Estate Owned | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	69,798,000
Carrying Value	$ 69,798,000	63,822,000
Weighted Average Funding Cost	2.70%
Weighted Average Life (Years)	21 days
Real Estate Owned | Repurchase Agreements | Collateral
Debt Instrument [Line Items]
Carrying Value of Collateral	$ 88,221,000
Total Repurchase Agreements | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	10,815,570,000
Carrying Value	$ 10,814,130,000	27,916,225,000
Weighted Average Funding Cost	2.71%
Weighted Average Life (Years)	12 days
MSR purchase price holdback	$ 80,400,000
Excess MSRs
Debt Instrument [Line Items]
Carrying Value	308,800,000	217,300,000
Excess MSRs | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	308,800,000
Carrying Value	$ 308,800,000	217,300,000
Weighted Average Funding Cost	4.29%
Weighted Average Life (Years)	2 years 2 months 12 days
Excess MSRs | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	6 years 1 month 6 days
Outstanding Face of Collateral	$ 94,182,895,000
Amortized Cost Basis of Collateral	302,878,000
Carrying Value of Collateral	377,649,000
MSRs | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	2,546,879,000
Carrying Value	$ 2,541,089,000	2,640,036,000
Weighted Average Funding Cost	3.76%
Weighted Average Life (Years)	1 year 4 months 24 days
MSRs | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 9 months 18 days
Outstanding Face of Collateral	$ 424,610,405,000
Amortized Cost Basis of Collateral	4,450,640,000
Carrying Value of Collateral	4,603,915,000
Servicer Advances
Debt Instrument [Line Items]
Carrying Value	2,969,209,000	3,181,672,000
Servicer Advances | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	2,976,208,000
Carrying Value	$ 2,969,209,000	3,181,672,000
Weighted Average Funding Cost	2.49%
Weighted Average Life (Years)	2 years
Face amount of debt at fixed rate	$ 1,900,000,000
Servicer Advances | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	1.00%
Servicer Advances | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	1.98%
Servicer Advances | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	1 year 6 months
Outstanding Face of Collateral	$ 3,388,387,000
Amortized Cost Basis of Collateral	3,582,852,000
Carrying Value of Collateral	3,588,437,000
Consumer Loans
Debt Instrument [Line Items]
Carrying Value	767,263,000	816,689,000
Consumer Loans | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	764,259,000
Carrying Value	$ 767,263,000	816,689,000
Weighted Average Funding Cost	3.26%
Weighted Average Life (Years)	3 years 10 months 24 days
Consumer Loans | Notes and Bonds Payable | Collateral
Debt Instrument [Line Items]
Weighted Average Life (Years)	3 years 10 months 24 days
Outstanding Face of Collateral	$ 764,960,000
Amortized Cost Basis of Collateral	772,715,000
Carrying Value of Collateral	774,527,000
Total Notes Payable | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	7,028,099,000
Carrying Value	$ 7,014,579,000	$ 7,720,148,000
Weighted Average Funding Cost	3.25%
Weighted Average Life (Years)	2 years 4 months 24 days
Non-agency RMBS Repurchase Agreements, LIBOR Based Floating Interest Rate | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	$ 5,615,000,000
Non-agency RMBS Repurchase Agreements, Fixed Rate | Repurchase Agreements
Debt Instrument [Line Items]
Outstanding Face Amount	517,000,000
2.50% Secured Corporate Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 91,500,000
2.50% Secured Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
2.75% Secured Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Outstanding Face Amount	$ 217,300,000
Variable interest rate spread	2.75%
2.25% Agency MSR Secured Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,232,800,000
2.25% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	2.25%
2.25% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	2.75%
2.50% Agency MSR Secured Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 56,900,000
2.50% Agency MSR Secured Note | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	2.50%
3.55% Corporate Note | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 1,257,200,000
3.55% Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Variable interest rate spread	3.55%
3.55% Corporate Note | Secured Debt | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Variable interest rate spread	4.62%
2.88% Residential Mortgage Loans | Notes and Bonds Payable | Mr. Cooper
Debt Instrument [Line Items]
Outstanding Face Amount	$ 5,000,000
Collateral amount	$ 1,500,000
2.88% Residential Mortgage Loans | Notes and Bonds Payable | London Interbank Offered Rate (LIBOR) | Mr. Cooper
Debt Instrument [Line Items]
Variable interest rate spread	2.88%
6.58% Assetbacked Notes | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 176,100,000
Weighted Average Funding Cost	6.60%
Non-Agency RMBS | Notes and Bonds Payable
Debt Instrument [Line Items]
Outstanding Face Amount	$ 99,900,000
Non-Agency RMBS | Notes and Bonds Payable | Minimum
Debt Instrument [Line Items]
Weighted Average Funding Cost	3.50%
Non-Agency RMBS | Notes and Bonds Payable | Maximum
Debt Instrument [Line Items]
Weighted Average Funding Cost	3.75%
Asset-backed Notes, LIBOR Based Floating Interest Rate | Secured Debt
Debt Instrument [Line Items]
Outstanding Face Amount	$ 150,900,000
Collateral amount	$ 1,200,000
Asset-backed Notes, LIBOR Based Floating Interest Rate | Secured Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate spread	1.25%
Consumer Loan, UPB Class A | Secured Debt
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 685,100,000
Interest rate, stated percentage	3.20%
Consumer Loan, UPB Class B | Secured Debt
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 70,400,000
Interest rate, stated percentage	3.58%
Consumer Loan, UPB Class C-1 | Secured Debt
Debt Instrument [Line Items]
UPB of Underlying Mortgages	$ 8,700,000
Interest rate, stated percentage	5.06%

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) $ in Thousands	Mar. 31, 2020USD ($)agreement
Debt Instrument [Line Items]
Face amount of debt	$ 17,843,669
Repurchase Agreements | Total Repurchase Agreements
Debt Instrument [Line Items]
Face amount of debt	$ 10,815,570
Repurchase Agreements | Stockholders' Equity, Total | Counterparty Concentration Risk
Debt Instrument [Line Items]
Number of repurchase agreements, outstanding | agreement	0

DEBT OBLIGATIONS - Carrying Val

DEBT OBLIGATIONS - Carrying Value of Debt Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt Instrument [Roll Forward]
Beginning balance	$ 35,636,373
Borrowings	76,181,064	$ 43,688,820
Repayments	(93,283,204)	$ (40,803,763)
Ending balance	17,828,709
Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	217,300
Ending balance	308,800
MSRs
Debt Instrument [Roll Forward]
Beginning balance	2,640,036
Ending balance	2,541,089
Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	3,181,672
Ending balance	2,969,209
Real Estate Securities
Debt Instrument [Roll Forward]
Beginning balance	22,799,196
Ending balance	6,434,463
Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Beginning balance	5,981,480
Ending balance	4,807,885
Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	816,689
Ending balance	767,263
Repurchase Agreements
Debt Instrument [Roll Forward]
Borrowings	76,181,064
Repayments	(93,283,204)
Capitalized deferred financing costs, net of amortization	45
Repurchase Agreements | Excess MSRs
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | MSRs
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Servicer Advances
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Real Estate Securities
Debt Instrument [Roll Forward]
Borrowings	64,122,355
Repayments	(80,487,088)
Capitalized deferred financing costs, net of amortization	0
Repurchase Agreements | Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Borrowings	12,058,709
Repayments	(12,796,116)
Capitalized deferred financing costs, net of amortization	45
Repurchase Agreements | Consumer Loans
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Capitalized deferred financing costs, net of amortization	0
Notes Payable
Debt Instrument [Roll Forward]
Borrowings	1,478,677
Repayments	(2,168,896)
Discount on borrowings, net of amortization	123
Unrealized loss on notes, fair value	(17,002)
Capitalized deferred financing costs, net of amortization	1,529
Notes Payable | Excess MSRs
Debt Instrument [Roll Forward]
Beginning balance	217,300
Borrowings	97,173
Repayments	(5,673)
Discount on borrowings, net of amortization	0
Unrealized loss on notes, fair value	0
Capitalized deferred financing costs, net of amortization	0
Ending balance	308,800
Notes Payable | MSRs
Debt Instrument [Roll Forward]
Borrowings	347,020
Repayments	(446,681)
Discount on borrowings, net of amortization	0
Unrealized loss on notes, fair value	0
Capitalized deferred financing costs, net of amortization	714
Notes Payable | Servicer Advances
Debt Instrument [Roll Forward]
Beginning balance	3,181,672
Borrowings	1,034,484
Repayments	(1,247,762)
Discount on borrowings, net of amortization	0
Unrealized loss on notes, fair value	0
Capitalized deferred financing costs, net of amortization	815
Ending balance	2,969,209
Notes Payable | Real Estate Securities
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Discount on borrowings, net of amortization	0
Unrealized loss on notes, fair value	0
Capitalized deferred financing costs, net of amortization	0
Notes Payable | Residential Mortgage Loans and REO
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	(419,231)
Discount on borrowings, net of amortization	0
Unrealized loss on notes, fair value	(17,002)
Capitalized deferred financing costs, net of amortization	0
Notes Payable | Consumer Loans
Debt Instrument [Roll Forward]
Beginning balance	816,689
Borrowings	0
Repayments	(49,549)
Discount on borrowings, net of amortization	123
Unrealized loss on notes, fair value	0
Capitalized deferred financing costs, net of amortization	0
Ending balance	$ 767,263

DEBT OBLIGATIONS - Contractual

DEBT OBLIGATIONS - Contractual Maturities of Debt Obligations (Details) $ in Thousands	Mar. 31, 2020USD ($)
Debt maturing in:
April 1 through December 31, 2020	$ 11,774,317
2021	2,317,941
2022	1,580,762
2023	761,803
2024	368,593
2025 and thereafter	1,040,253
Total	17,843,669
Nonrecourse
Debt maturing in:
April 1 through December 31, 2020	134,958
2021	1,227,143
2022	1,271,962
2023	400,000
2024	0
2025 and thereafter	1,040,253
Total	4,074,316
Recourse
Debt maturing in:
April 1 through December 31, 2020	11,639,359
2021	1,090,798
2022	308,800
2023	361,803
2024	368,593
2025 and thereafter	0
Total	$ 13,769,353

DEBT OBLIGATIONS - Borrowing Ca

DEBT OBLIGATIONS - Borrowing Capacity (Details) $ in Thousands	Mar. 31, 2020USD ($)
Residential Mortgage Loans and REO
Debt Instrument [Line Items]
Borrowing Capacity	$ 5,731,188
Balance Outstanding	2,876,008
Available Financing(A)	2,855,180
New loan originations
Debt Instrument [Line Items]
Borrowing Capacity	4,083,000
Balance Outstanding	1,505,099
Available Financing(A)	2,577,901
Non-Agency RMBS
Debt Instrument [Line Items]
Borrowing Capacity	650,000
Balance Outstanding	517,004
Available Financing(A)	132,996
Excess MSRs
Debt Instrument [Line Items]
Borrowing Capacity	100,000
Balance Outstanding	91,500
Available Financing(A)	8,500
MSRs
Debt Instrument [Line Items]
Borrowing Capacity	1,575,000
Balance Outstanding	1,289,637
Available Financing(A)	285,363
Servicer Advances
Debt Instrument [Line Items]
Borrowing Capacity	1,575,000
Balance Outstanding	1,076,243
Available Financing(A)	498,757
Residential mortgage loans
Debt Instrument [Line Items]
Borrowing Capacity	650,000
Balance Outstanding	150,886
Available Financing(A)	499,114
Consumer loans
Debt Instrument [Line Items]
Borrowing Capacity	150,000
Balance Outstanding	0
Available Financing(A)	150,000
Debt Excess Borrowing Capacity
Debt Instrument [Line Items]
Borrowing Capacity	14,514,188
Balance Outstanding	7,506,377
Available Financing(A)	$ 7,007,811

FAIR VALUE MEASUREMENT - Carryi

FAIR VALUE MEASUREMENT - Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	$ 363,932	$ 379,747
Mortgage servicing rights, at fair value	5,538,815	5,686,233
Mortgage servicing rights financing receivables, at fair value	1,604,431	1,718,273
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,479,603	19,477,728
Residential mortgage loans, held-for-sale	1,264,533	1,429,052
Residential mortgage loans, held-for-sale, at fair value	3,283,973	4,613,612
Residential mortgage loans, held-for-investment, at fair value	824,183	484,443
Residential mortgage loans subject to repurchase	197,715	172,336	$ 140,135
Consumer loans, held-for-investment, at fair value	780,821	0
Derivative assets	132,616	41,501
Restricted cash	147,435	162,197
Liabilities
Residential mortgage loan repurchase liability	197,715	172,336
Derivative liabilities	160,353	6,885
Excess spread financing, at fair value	25,614	$ 31,777
Recurring Basis
Investments in:
Excess mortgage servicing rights, principal balance	85,009,386
Excess mortgage servicing rights, equity method investees, principal balance	33,251,300
Mortgage servicing rights, principal balance	403,706,059
Mortgage servicing rights financing receivables, principal balance	123,066,762
Servicer advance investments, principal balance	461,723
Real estate and other securities, available-for-sale, principal balance	20,834,705
Residential mortgage loans, held-for-sale, principal	1,470,604
Residential mortgage loans, held-for-sale, at fair value principal balance	3,476,667
Residential mortgage loans, held-for-investment, at fair value, principal balance	919,461
Residential mortgage loans, subject to repurchase, principal balance	197,715
Consumer loans, held-for-investment, principal balance	771,998
Derivative assets, principal balance	14,724,133
Note receivable, private, principal balance	46,724
Cash and cash equivalents, principal balance	360,453
Restricted cash, principal balance	147,435
Liabilities
Repurchase agreements, principal balance	10,815,570
Notes and bonds payable, principal balance	7,028,099
Residential mortgage loan repurchase liability, principal balance	197,715
Derivative liabilities, principal amount	18,169,875
Excess spread financing, principal balance	2,839,463
Mortgage backed securities, issued at fair value	272,300
Recurring Basis | Carrying Value
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	363,932
Excess mortgage servicing rights, equity method investees, at fair value	119,609
Mortgage servicing rights, at fair value	3,934,384
Mortgage servicing rights financing receivables, at fair value	1,604,431
Servicer advance investments, at fair value	515,574
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,479,603
Residential mortgage loans, held-for-sale	1,264,533
Residential mortgage loans, held-for-sale, at fair value	3,283,973
Residential mortgage loans, held-for-investment, at fair value	824,183
Residential mortgage loans subject to repurchase	197,715
Consumer loans, held-for-investment, at fair value	780,821
Derivative assets	132,616
Note receivable	42,787
Cash and cash equivalents	360,453
Restricted cash	147,435
Other assets	45,118
Assets, fair value	16,097,167
Liabilities
Repurchase agreements	10,814,130
Notes and bonds payable	7,014,579
Residential mortgage loan repurchase liability	197,715
Derivative liabilities	160,353
Excess spread financing, at fair value	25,614
Contingent consideration	56,836
Liabilities, fair value	18,269,227
Recurring Basis | Total
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	363,932
Excess mortgage servicing rights, equity method investees, at fair value	119,609
Mortgage servicing rights, at fair value	3,934,384
Mortgage servicing rights financing receivables, at fair value	1,604,431
Servicer advance investments, at fair value	515,574
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,479,603
Residential mortgage loans, held-for-sale	1,264,533
Residential mortgage loans, held-for-sale, at fair value	3,283,973
Residential mortgage loans, held-for-investment, at fair value	824,183
Residential mortgage loans subject to repurchase	197,715
Consumer loans, held-for-investment, at fair value	780,821
Derivative assets	132,616
Note receivable	42,787
Cash and cash equivalents	360,453
Restricted cash	147,435
Other assets	45,118
Assets, fair value	16,097,167
Liabilities
Repurchase agreements	10,815,570
Notes and bonds payable	6,238,923
Residential mortgage loan repurchase liability	197,715
Derivative liabilities	160,353
Excess spread financing, at fair value	25,614
Contingent consideration	56,836
Liabilities, fair value	17,495,011
Recurring Basis | Total | Level 1
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	0
Excess mortgage servicing rights, equity method investees, at fair value	0
Mortgage servicing rights, at fair value	0
Mortgage servicing rights financing receivables, at fair value	0
Servicer advance investments, at fair value	0
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	0
Residential mortgage loans, held-for-sale	0
Residential mortgage loans, held-for-sale, at fair value	0
Residential mortgage loans, held-for-investment, at fair value	0
Residential mortgage loans subject to repurchase	0
Consumer loans, held-for-investment, at fair value	0
Derivative assets	0
Note receivable	0
Cash and cash equivalents	360,453
Restricted cash	147,435
Other assets	2,902
Assets, fair value	510,790
Liabilities
Repurchase agreements	0
Notes and bonds payable	0
Residential mortgage loan repurchase liability	0
Derivative liabilities	0
Excess spread financing, at fair value	0
Contingent consideration	0
Liabilities, fair value	0
Recurring Basis | Total | Level 3
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	0
Excess mortgage servicing rights, equity method investees, at fair value	0
Mortgage servicing rights, at fair value	0
Mortgage servicing rights financing receivables, at fair value	0
Servicer advance investments, at fair value	0
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	318,568
Residential mortgage loans, held-for-sale	0
Residential mortgage loans, held-for-sale, at fair value	1,633,481
Residential mortgage loans, held-for-investment, at fair value	0
Residential mortgage loans subject to repurchase	197,715
Consumer loans, held-for-investment, at fair value	0
Derivative assets	48
Note receivable	0
Cash and cash equivalents	0
Restricted cash	0
Other assets	0
Assets, fair value	2,149,812
Liabilities
Repurchase agreements	10,815,570
Notes and bonds payable	0
Residential mortgage loan repurchase liability	197,715
Derivative liabilities	158,925
Excess spread financing, at fair value	0
Contingent consideration	0
Liabilities, fair value	11,172,210
Recurring Basis | Total | Level 3
Investments in:
Excess mortgage servicing rights (“MSRs”), at fair value	363,932
Excess mortgage servicing rights, equity method investees, at fair value	119,609
Mortgage servicing rights, at fair value	3,934,384
Mortgage servicing rights financing receivables, at fair value	1,604,431
Servicer advance investments, at fair value	515,574
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,161,035
Residential mortgage loans, held-for-sale	1,264,533
Residential mortgage loans, held-for-sale, at fair value	1,650,492
Residential mortgage loans, held-for-investment, at fair value	824,183
Residential mortgage loans subject to repurchase	0
Consumer loans, held-for-investment, at fair value	780,821
Derivative assets	132,568
Note receivable	42,787
Cash and cash equivalents	0
Restricted cash	0
Other assets	42,216
Assets, fair value	13,436,565
Liabilities
Repurchase agreements	0
Notes and bonds payable	6,238,923
Residential mortgage loan repurchase liability	0
Derivative liabilities	1,428
Excess spread financing, at fair value	25,614
Contingent consideration	56,836
Liabilities, fair value	6,322,801
Recurring Basis | Total | Fair Value Measured at Net Asset Value Per Share
Investments in:
Other assets	$ 31,900

FAIR VALUE MEASUREMENT - Financ

FAIR VALUE MEASUREMENT - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Non-Agency
Gains (losses) included in net income
Included in gain (loss) on settlement of investments, net	$ (924,900)	$ 0
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	$ 18,769,854
Transfers from Level 3	(467,263)
Transfers to Level 3	1,267,713
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	(44,149)
Included in change in fair value of investments in excess mortgage servicing rights	(11,024)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	(457)
Included in servicing revenue, net	(655,800)
Included in change in fair value of investments in mortgage servicing rights financing receivables	(104,111)
Included in change in fair value of servicer advance investments	(18,749)
Included in change in fair value of investments in residential mortgage loans	(265,244)
Included in gain (loss) on settlement of investments, net	(924,888)
Included in other income (loss), net	(34,960)
Gains (losses) included in other comprehensive income	(609,951)
Interest income	69,192
Purchases, sales and repayments
Purchases	2,566,658
Proceeds from sales	(6,764,449)
Proceeds from repayments	(882,667)
Originations and other	195,896
Balance, ending	12,085,601
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]
Balance, beginning	746,737
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	(6,425)
Included in change in fair value of investments in notes receivable - rights to MSRs	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	(17,002)
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	1,614
Gains (losses) included in other comprehensive income	0
Interest income	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]
Purchases	0
Proceeds from sales	0
Proceeds from repayments	(368,979)
Originations and other	(1,203)
Balance, ending	354,742
Recurring Basis | Level 3 | Servicer Advances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	581,777
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	(18,749)
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	(18,089)
Purchases, sales and repayments
Purchases	330,140
Proceeds from sales	0
Proceeds from repayments	(359,505)
Originations and other	0
Balance, ending	515,574
Recurring Basis | Level 3 | MSRs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,967,960
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	(655,800)
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	0
Purchases, sales and repayments
Purchases	436,395
Proceeds from sales	(8,504)
Proceeds from repayments	(1,563)
Originations and other	195,896
Balance, ending	3,934,384
Recurring Basis | Level 3 | Mortgage Servicing Rights Financing Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	1,718,273
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	(104,111)
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	0
Purchases, sales and repayments
Purchases	0
Proceeds from sales	(3,708)
Proceeds from repayments	(6,023)
Originations and other	0
Balance, ending	1,604,431
Recurring Basis | Level 3 | Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	7,957,785
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	(44,149)
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	(924,897)
Included in other income (loss), net	(87,650)
Gains (losses) included in other comprehensive income	(640,403)
Interest income	67,123
Purchases, sales and repayments
Purchases	538,964
Proceeds from sales	(4,358,894)
Proceeds from repayments	(346,844)
Originations and other	0
Balance, ending	2,161,035
Recurring Basis | Level 3 | Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	39,891
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	91,249
Gains (losses) included in other comprehensive income	0
Interest income	0
Purchases, sales and repayments
Purchases	0
Proceeds from sales	0
Proceeds from repayments	0
Originations and other	0
Balance, ending	131,140
Recurring Basis | Level 3 | Residential mortgage loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,998,825
Transfers from Level 3	(467,263)
Transfers to Level 3	440,168
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	(265,244)
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	730
Gains (losses) included in other comprehensive income	(6,020)
Interest income	0
Purchases, sales and repayments
Purchases	1,250,157
Proceeds from sales	(2,393,309)
Proceeds from repayments	(83,369)
Originations and other	0
Balance, ending	2,474,675
Recurring Basis | Level 3 | Consumer Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	0
Transfers from Level 3
Transfers to Level 3	827,545
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	(39,916)
Gains (losses) included in other comprehensive income	36,472
Interest income	6,932
Purchases, sales and repayments
Purchases	11,002
Proceeds from sales	0
Proceeds from repayments	(61,214)
Originations and other	0
Balance, ending	780,821
Recurring Basis | Level 3 | Excess Spread Financing
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]
Balance, beginning	31,777
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	(6,425)
Included in change in fair value of investments in notes receivable - rights to MSRs	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]
Purchases	0
Proceeds from sales	0
Proceeds from repayments	0
Originations and other	262
Balance, ending	25,614
Recurring Basis | Level 3 | Mortgage-Backed Securities Issued
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]
Balance, beginning	659,738
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in notes receivable - rights to MSRs	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	(17,002)
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]
Purchases	0
Proceeds from sales	0
Proceeds from repayments	(368,979)
Originations and other	(1,465)
Balance, ending	272,292
Recurring Basis | Level 3 | Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]
Balance, beginning	55,222
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in notes receivable - rights to MSRs	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	1,614
Gains (losses) included in other comprehensive income	0
Interest income	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]
Purchases	0
Proceeds from sales	0
Proceeds from repayments	0
Originations and other	0
Balance, ending	56,836
Recurring Basis | Level 3 | MSRs Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	209,633
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	(5,557)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	8
Included in other income (loss), net	557
Gains (losses) included in other comprehensive income	0
Interest income	6,146
Purchases, sales and repayments
Purchases	0
Proceeds from sales	(31)
Proceeds from repayments	(10,589)
Originations and other	0
Balance, ending	200,167
Recurring Basis | Level 3 | MSRs Agency | Excess MSRs Investees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	125,596
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	(457)
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	0
Included in other income (loss), net	0
Gains (losses) included in other comprehensive income	0
Interest income	0
Purchases, sales and repayments
Purchases	0
Proceeds from sales	0
Proceeds from repayments	(5,530)
Originations and other	0
Balance, ending	119,609
Recurring Basis | Level 3 | MSRs Non-Agency
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	170,114
Transfers from Level 3	0
Transfers to Level 3	0
Shellpoint Acquisition	0
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights	0
Gains (losses) included in net income
Included in other-than-temporary impairment on securities	0
Included in change in fair value of investments in excess mortgage servicing rights	(5,467)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0
Included in servicing revenue, net	0
Included in change in fair value of investments in mortgage servicing rights financing receivables	0
Included in change in fair value of servicer advance investments	0
Included in change in fair value of investments in residential mortgage loans	0
Included in gain (loss) on settlement of investments, net	1
Included in other income (loss), net	70
Gains (losses) included in other comprehensive income	0
Interest income	7,080
Purchases, sales and repayments
Purchases	0
Proceeds from sales	(3)
Proceeds from repayments	(8,030)
Originations and other	0
Balance, ending	$ 163,765

FAIR VALUE MEASUREMENT - Inform

FAIR VALUE MEASUREMENT - Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	3 Months Ended
	Mar. 31, 2020$ / Loan
Measurement Input, Servicing Cost | MSRs | Minimum
Directly Held
Servicing asset, measurement input	6.2
Measurement Input, Servicing Cost | MSRs | Maximum
Directly Held
Servicing asset, measurement input	8.8
Measurement Input, Servicing Cost | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	7.6
Measurement Input, Servicing Cost | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	6.20
Measurement Input, Servicing Cost | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	8.80
Measurement Input, Servicing Cost | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	7.60
Measurement Input, Servicing Cost | Non-Agency | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	11.20
Measurement Input, Servicing Cost | Ginnie Mae | Weighted Average
Directly Held
Servicing asset, measurement input	9.70
Prepayment Rate | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.057
Prepayment Rate | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.087
Prepayment Rate | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.107
Prepayment Rate | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.165
Prepayment Rate | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.121
Prepayment Rate | Original and Recaptured Pools | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.107
Prepayment Rate | Original and Recaptured Pools | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.165
Prepayment Rate | Original and Recaptured Pools | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.120
Prepayment Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Minimum
Directly Held
Servicing asset, measurement input	0.118
Prepayment Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Maximum
Directly Held
Servicing asset, measurement input	0.149
Prepayment Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Weighted Average
Directly Held
Servicing asset, measurement input	0.131
Prepayment Rate | Non-Agency | Minimum
Directly Held
Servicing asset, measurement input	0.081
Prepayment Rate | Non-Agency | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Non-Agency | Weighted Average
Directly Held
Servicing asset, measurement input	0.082
Prepayment Rate | Non-Agency | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.087
Prepayment Rate | Non-Agency | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Non-Agency | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.117
Prepayment Rate | Non-Agency | MSR Financing Receivables(I)
Directly Held
Servicing asset, measurement input	0.081
Prepayment Rate | Ginnie Mae | Minimum
Directly Held
Servicing asset, measurement input	0.081
Prepayment Rate | Ginnie Mae | Maximum
Directly Held
Servicing asset, measurement input	0.170
Prepayment Rate | Ginnie Mae | Weighted Average
Directly Held
Servicing asset, measurement input	0.118
Prepayment Rate | Ginnie Mae | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.143
Prepayment Rate | Ginnie Mae | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.170
Prepayment Rate | Ginnie Mae | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.158
Prepayment Rate | Directly Held | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.057
Prepayment Rate | Directly Held | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Directly Held | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.087
Prepayment Rate | Directly Held | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.057
Prepayment Rate | Directly Held | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.102
Prepayment Rate | Directly Held | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.081
Prepayment Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.064
Prepayment Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.112
Prepayment Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.101
Prepayment Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.057
Prepayment Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.112
Prepayment Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.087
Prepayment Rate | Directly Held | Non-Agency | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.078
Prepayment Rate | Directly Held | Non-Agency | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Directly Held | Non-Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.089
Prepayment Rate | Directly Held | Non-Agency | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.062
Prepayment Rate | Directly Held | Non-Agency | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.075
Prepayment Rate | Directly Held | Non-Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.071
Prepayment Rate | Directly Held | Non-Agency | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.062
Prepayment Rate | Directly Held | Non-Agency | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.119
Prepayment Rate | Directly Held | Non-Agency | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.086
Prepayment Rate | Held through Equity Method Investees | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.084
Prepayment Rate | Held through Equity Method Investees | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.102
Prepayment Rate | Held through Equity Method Investees | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.092
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.084
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.092
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.086
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.094
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.102
Prepayment Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.099
Delinquency | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.001
Delinquency | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.034
Delinquency | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.012
Delinquency | Original and Recaptured Pools | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.001
Delinquency | Original and Recaptured Pools | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.034
Delinquency | Original and Recaptured Pools | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.012
Delinquency | Original and Recaptured Pools | MSR Financing Receivables(I) | Minimum
Directly Held
Servicing asset, measurement input	0.005
Delinquency | Original and Recaptured Pools | MSR Financing Receivables(I) | Maximum
Directly Held
Servicing asset, measurement input	0.008
Delinquency | Original and Recaptured Pools | MSR Financing Receivables(I) | Weighted Average
Directly Held
Servicing asset, measurement input	0.006
Delinquency | Non-Agency | Minimum
Directly Held
Servicing asset, measurement input	0.003
Delinquency | Non-Agency | Maximum
Directly Held
Servicing asset, measurement input	0.151
Delinquency | Non-Agency | Weighted Average
Directly Held
Servicing asset, measurement input	0.148
Delinquency | Non-Agency | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.003
Delinquency | Non-Agency | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.132
Delinquency | Non-Agency | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.009
Delinquency | Non-Agency | MSR Financing Receivables(I)
Directly Held
Servicing asset, measurement input	0.151
Delinquency | Ginnie Mae | Minimum
Directly Held
Servicing asset, measurement input	0.001
Delinquency | Ginnie Mae | Maximum
Directly Held
Servicing asset, measurement input	0.151
Delinquency | Ginnie Mae | Weighted Average
Directly Held
Servicing asset, measurement input	0.045
Delinquency | Ginnie Mae | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.020
Delinquency | Ginnie Mae | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.061
Delinquency | Ginnie Mae | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.056
Delinquency | Directly Held | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0
Delinquency | Directly Held | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.048
Delinquency | Directly Held | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.017
Delinquency | Directly Held | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.001
Delinquency | Directly Held | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.040
Delinquency | Directly Held | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.008
Delinquency | Directly Held | Original and Recaptured Pools | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0
Delinquency | Directly Held | Original and Recaptured Pools | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.048
Delinquency | Directly Held | Original and Recaptured Pools | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.014
Delinquency | Held through Equity Method Investees | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.007
Delinquency | Held through Equity Method Investees | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.040
Delinquency | Held through Equity Method Investees | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.017
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.012
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.040
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.021
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.007
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.017
Delinquency | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.012
Recapture Rate | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.357
Recapture Rate | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.189
Recapture Rate | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.051
Recapture Rate | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.251
Recapture Rate | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.198
Recapture Rate | Original and Recaptured Pools | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.051
Recapture Rate | Original and Recaptured Pools | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.251
Recapture Rate | Original and Recaptured Pools | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.205
Recapture Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Minimum
Directly Held
Servicing asset, measurement input	0.124
Recapture Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Maximum
Directly Held
Servicing asset, measurement input	0.186
Recapture Rate | Original and Recaptured Pools | MSR Financing Receivables(I) | Weighted Average
Directly Held
Servicing asset, measurement input	0.151
Recapture Rate | Non-Agency | Minimum
Directly Held
Servicing asset, measurement input	0.019
Recapture Rate | Non-Agency | Maximum
Directly Held
Servicing asset, measurement input	0.245
Recapture Rate | Non-Agency | Weighted Average
Directly Held
Servicing asset, measurement input	0.096
Recapture Rate | Non-Agency | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.019
Recapture Rate | Non-Agency | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.245
Recapture Rate | Non-Agency | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.235
Recapture Rate | Non-Agency | MSR Financing Receivables(I)
Directly Held
Servicing asset, measurement input	0.094
Recapture Rate | Ginnie Mae | Minimum
Directly Held
Servicing asset, measurement input	0.019
Recapture Rate | Ginnie Mae | Maximum
Directly Held
Servicing asset, measurement input	0.035
Recapture Rate | Ginnie Mae | Weighted Average
Directly Held
Servicing asset, measurement input	0.200
Recapture Rate | Ginnie Mae | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.153
Recapture Rate | Ginnie Mae | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.350
Recapture Rate | Ginnie Mae | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.239
Recapture Rate | Directly Held | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Directly Held | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.357
Recapture Rate | Directly Held | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.172
Recapture Rate | Directly Held | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.044
Recapture Rate | Directly Held | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.287
Recapture Rate | Directly Held | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.185
Recapture Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.357
Recapture Rate | Directly Held | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.263
Recapture Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.357
Recapture Rate | Directly Held | Original and Recaptured Pools | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.210
Recapture Rate | Directly Held | Non-Agency | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Directly Held | Non-Agency | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.142
Recapture Rate | Directly Held | Non-Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.125
Recapture Rate | Directly Held | Non-Agency | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.123
Recapture Rate | Directly Held | Non-Agency | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.165
Recapture Rate | Directly Held | Non-Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.149
Recapture Rate | Directly Held | Non-Agency | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0
Recapture Rate | Directly Held | Non-Agency | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.165
Recapture Rate | Directly Held | Non-Agency | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.129
Recapture Rate | Held through Equity Method Investees | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.137
Recapture Rate | Held through Equity Method Investees | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.293
Recapture Rate | Held through Equity Method Investees | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.221
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.137
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.286
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.198
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.208
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.293
Recapture Rate | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.246
Servicing Amount Percent | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.05
Servicing Amount Percent | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.31
Servicing Amount Percent | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.20
Servicing Amount Percent | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.33
Servicing Amount Percent | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.28
Servicing Amount Percent | Original and Recaptured Pools | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Original and Recaptured Pools | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.33
Servicing Amount Percent | Original and Recaptured Pools | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.28
Servicing Amount Percent | Original and Recaptured Pools | MSR Financing Receivables(I) | Minimum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Original and Recaptured Pools | MSR Financing Receivables(I) | Maximum
Directly Held
Servicing asset, measurement input	0.29
Servicing Amount Percent | Original and Recaptured Pools | MSR Financing Receivables(I) | Weighted Average
Directly Held
Servicing asset, measurement input	0.27
Servicing Amount Percent | Non-Agency | Minimum
Directly Held
Servicing asset, measurement input	0.26
Servicing Amount Percent | Non-Agency | Maximum
Directly Held
Servicing asset, measurement input	0.87
Servicing Amount Percent | Non-Agency | Weighted Average
Directly Held
Servicing asset, measurement input	0.47
Servicing Amount Percent | Non-Agency | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.26
Servicing Amount Percent | Non-Agency | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.87
Servicing Amount Percent | Non-Agency | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.28
Servicing Amount Percent | Non-Agency | MSR Financing Receivables(I)
Directly Held
Servicing asset, measurement input	0.48
Servicing Amount Percent | Ginnie Mae | Minimum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Ginnie Mae | Maximum
Directly Held
Servicing asset, measurement input	0.87
Servicing Amount Percent | Ginnie Mae | Weighted Average
Directly Held
Servicing asset, measurement input	0.34
Servicing Amount Percent | Ginnie Mae | MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.32
Servicing Amount Percent | Ginnie Mae | MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.52
Servicing Amount Percent | Ginnie Mae | MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.44665
Servicing Amount Percent | Directly Held | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.05
Servicing Amount Percent | Directly Held | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.31
Servicing Amount Percent | Directly Held | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.19
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.15
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.31
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.22
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.15
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.31
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.21
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.20
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.29
Servicing Amount Percent | Directly Held | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.23
Servicing Amount Percent | Directly Held | Non-Agency | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.05
Servicing Amount Percent | Directly Held | Non-Agency | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Directly Held | Non-Agency | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.15
Servicing Amount Percent | Directly Held | Non-Agency | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.22
Servicing Amount Percent | Directly Held | Non-Agency | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.27
Servicing Amount Percent | Directly Held | Non-Agency | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Directly Held | Non-Agency | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.05
Servicing Amount Percent | Directly Held | Non-Agency | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.27
Servicing Amount Percent | Directly Held | Non-Agency | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.16
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Servicing asset, measurement input	0.15
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Servicing asset, measurement input	0.25
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.19
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Servicing asset, measurement input	0.22
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Servicing asset, measurement input	0.28
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Servicing asset, measurement input	0.24
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Minimum
Directly Held
Servicing asset, measurement input	0.15
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Maximum
Directly Held
Servicing asset, measurement input	0.28
Servicing Amount Percent | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Weighted Average
Directly Held
Servicing asset, measurement input	0.21
Collateral Weighted Average Maturity (Years) | Excess MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	15 years
Collateral Weighted Average Maturity (Years) | Excess MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	31 years
Collateral Weighted Average Maturity (Years) | Excess MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	21 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	22 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	22 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSR Financing Receivables(I) | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSR Financing Receivables(I) | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Original and Recaptured Pools | MSR Financing Receivables(I) | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	25 years
Collateral Weighted Average Maturity (Years) | Non-Agency | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Non-Agency | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Non-Agency | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	25 years
Collateral Weighted Average Maturity (Years) | Non-Agency | MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Non-Agency | MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Non-Agency | MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	16 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	23 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	0 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	30 years
Collateral Weighted Average Maturity (Years) | Ginnie Mae | MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	27 years
Collateral Weighted Average Maturity (Years) | Directly Held | Excess MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	15 years
Collateral Weighted Average Maturity (Years) | Directly Held | Excess MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	31 years
Collateral Weighted Average Maturity (Years) | Directly Held | Excess MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	22 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	15 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	21 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	15 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	22 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	20 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	20 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	23 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Original Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	19 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Original Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	31 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Original Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	23 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Recaptured Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	21 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Recaptured Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	24 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Recaptured Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	23 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Excess MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	19 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Excess MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	31 years
Collateral Weighted Average Maturity (Years) | Directly Held | Non-Agency | Excess MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	23 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	18 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	20 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Original Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	19 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	21 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	24 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Recaptured Pools | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	22 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Minimum
Directly Held
Collateral Weighted Average Maturity (Years)	18 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Maximum
Directly Held
Collateral Weighted Average Maturity (Years)	24 years
Collateral Weighted Average Maturity (Years) | Held through Equity Method Investees | Original and Recaptured Pools | Excess MSRs | Weighted Average
Directly Held
Collateral Weighted Average Maturity (Years)	20 years

FAIR VALUE MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) $ in Millions	Sep. 05, 2019USD ($)earnout_payment	Sep. 20, 2018	Mar. 31, 2020USD ($)	Jul. 03, 2018USD ($)earnout_payment
Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value			$ 1,312.2
Minimum
Schedule of Equity Method Investments [Line Items]
Broker price discount			10.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Broker price discount			25.00%
Weighted Average
Schedule of Equity Method Investments [Line Items]
Broker price discount			16.00%
Residential Mortgage Loans Held-for-Sale | Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value			$ 1,264.5
Real Estate Acquired in Satisfaction of Debt | Fair Value, Measurements, Nonrecurring
Schedule of Equity Method Investments [Line Items]
Assets, fair value			47.7
Loans Held-for-sale and Held-for-investment
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment			98.7
Real Estate Owned
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment			$ 1.8
Mortgage Servicing Rights Financing Receivable
Schedule of Equity Method Investments [Line Items]
Discount rate			9.40%
Mortgage Servicing Rights Financing Receivable | Minimum
Schedule of Equity Method Investments [Line Items]
Discount rate			8.00%
Mortgage Servicing Rights Financing Receivable | Maximum
Schedule of Equity Method Investments [Line Items]
Discount rate			10.00%
Mortgage Servicing Rights Financing Receivable | Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate			9.40%
MSRs
Schedule of Equity Method Investments [Line Items]
Discount rate			8.20%
MSRs | Minimum
Schedule of Equity Method Investments [Line Items]
Discount rate			7.90%
MSRs | Maximum
Schedule of Equity Method Investments [Line Items]
Discount rate			13.50%
MSRs | Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate			8.20%
MSRs | Excess MSRs Investees
Schedule of Equity Method Investments [Line Items]
Discount rate			8.30%
MSRs | Excess MSRs Investees | Minimum
Schedule of Equity Method Investments [Line Items]
Discount rate			8.00%
MSRs | Excess MSRs Investees | Maximum
Schedule of Equity Method Investments [Line Items]
Discount rate			8.50%
MSRs | Excess MSRs Investees | Weighted Average
Schedule of Equity Method Investments [Line Items]
Discount rate			8.30%
London Interbank Offered Rate (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]
Cash earnout payments | earnout_payment				3
Contingent consideration				$ 60
Contingent consideration, discount rate		11.00%
Guardian Asset Management
Schedule of Equity Method Investments [Line Items]
Cash earnout payments | earnout_payment	4
Contingent consideration, discount rate	11.00%
NRZ Guardian Purchaser LLC | Guardian Asset Management
Schedule of Equity Method Investments [Line Items]
Contingent consideration	$ 17.5
Shellpoint Partners LLC | NRM Acquisition LLC | Shellpoint Acquisition
Schedule of Equity Method Investments [Line Items]
Cash consideration transferred	$ 10

FAIR VALUE MEASUREMENT - Info_2

FAIR VALUE MEASUREMENT - Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage servicing amount	11.00%
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	0.80%
Mortgage servicing amount	0.156
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	1.60%
Mortgage servicing amount	0.198
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	1.60%
Mortgage servicing amount	0.196
Prepayment Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.082
Prepayment Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.087
Prepayment Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.087
Delinquency | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.048
Delinquency | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.177
Delinquency | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.173
Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.058
Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.063
Discount Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, measurement input	0.058
Collateral Weighted Average Maturity (Years) | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, term		22 years 6 months
Collateral Weighted Average Maturity (Years) | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, term		22 years 8 months 12 days
Collateral Weighted Average Maturity (Years) | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing asset, term		22 years 8 months 12 days

FAIR VALUE MEASUREMENT - Securi

FAIR VALUE MEASUREMENT - Securities Valuation Methodology and Results (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)source	Dec. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	$ 20,834,705
Amortized Cost Basis	2,547,507
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	$ 2,479,603	$ 19,477,728
Number of broker quotation sources | source	2
Percent of securities	75.80%
Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	$ 2,458,147
Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	21,456
Agency RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	306,566
Amortized Cost Basis	308,486
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	318,568	11,519,943
Agency RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	318,568
Agency RMBS | Level 3 | Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	318,568
Agency RMBS | Level 3 | Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	0
Non-Agency RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Outstanding Face Amount	20,528,139
Amortized Cost Basis	2,239,021
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,161,035	$ 7,957,785
Fair Value	1,637,017
Non-Agency RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,161,035
Non-Agency RMBS | Level 3 | Multiple Quotes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	2,139,579
Non-Agency RMBS | Level 3 | Single Quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real estate and other securities, available-for-sale (amortized cost $2,591,656 and $18,782,175 at March 31, 2020 and December 31, 2019, respectively; allowance for credit losses $44,149 at March 31, 2020)	$ 21,456
Minimum | Non-Agency RMBS | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.0158
Minimum | Non-Agency RMBS | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.023
Minimum | Non-Agency RMBS | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0
Minimum | Non-Agency RMBS | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.129
Maximum | Non-Agency RMBS | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.1178
Maximum | Non-Agency RMBS | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.271
Maximum | Non-Agency RMBS | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.030
Maximum | Non-Agency RMBS | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.856
Weighted Average | Non-Agency RMBS | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.051
Weighted Average | Non-Agency RMBS | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.105
Weighted Average | Non-Agency RMBS | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.010
Weighted Average | Non-Agency RMBS | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Non agency RMBS, measurement input	0.438

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Inputs Used In Valuing Residential Mortgage Loans, Derivatives, and Mortgage Backed Securities (Details) $ in Thousands	Mar. 31, 2020USD ($)
Residential Mortgage Loans Held-for-Sale, At Fair Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 1,650,492
Residential Mortgage Loans, Held-for-Investment, at Fair Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans, held-for-investment, fair value	$ 824,183
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Minimum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.040
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Minimum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.030
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Minimum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.020
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Minimum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.200
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Maximum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.105
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Maximum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.150
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Maximum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.029
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Maximum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.479
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Weighted Average | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.082
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Weighted Average | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.066
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Weighted Average | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.024
Residential Mortgage Loans, Held-for-Investment, at Fair Value | Weighted Average | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for investment, measurement input	0.366
IRLCs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, fair value	$ 131,140
IRLCs | Minimum | Loan Funding Probability
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.430
IRLCs | Minimum | Fair Value of Initial Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.0002
IRLCs | Maximum | Loan Funding Probability
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	1
IRLCs | Maximum | Fair Value of Initial Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.0306
IRLCs | Weighted Average | Loan Funding Probability
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.765
IRLCs | Weighted Average | Fair Value of Initial Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.01398
Mortgage-Backed Securities Issued
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, fair value	$ 272,292
Mortgage-Backed Securities Issued | Minimum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.040
Mortgage-Backed Securities Issued | Minimum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.033
Mortgage-Backed Securities Issued | Minimum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.020
Mortgage-Backed Securities Issued | Minimum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.200
Mortgage-Backed Securities Issued | Maximum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.073
Mortgage-Backed Securities Issued | Maximum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.150
Mortgage-Backed Securities Issued | Maximum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.028
Mortgage-Backed Securities Issued | Maximum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.300
Mortgage-Backed Securities Issued | Weighted Average | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.062
Mortgage-Backed Securities Issued | Weighted Average | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.075
Mortgage-Backed Securities Issued | Weighted Average | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.025
Mortgage-Backed Securities Issued | Weighted Average | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, measurement input	0.265
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 1,527,770
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Minimum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.041
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Minimum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Minimum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Minimum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Maximum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.110
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Maximum | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.141
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Maximum | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.347
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Maximum | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.600
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Weighted Average | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.064
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Weighted Average | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.051
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Weighted Average | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.040
Purchased Credit Deteriorated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Weighted Average | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.269
Originated | Residential Mortgage Loans Held-for-Sale, At Fair Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held-for-sale, fair value	$ 122,722
Originated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	70
Originated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	141
Originated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.012
Originated | Residential Mortgage Loans Held-for-Sale, At Fair Value | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loans held for sale, measurement input	0.500

FAIR VALUE MEASUREMENT - Sche_2

FAIR VALUE MEASUREMENT - Schedule of Inputs Used in Valuing Assets and Liabilities At Fair Value (Details) - Fair Value, Measurements, Nonrecurring - Total $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,264,533
Performing Loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	753,288
Non-Performing Loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 511,245
Minimum | Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.050
Minimum | Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	2 years 5 months 12 days
Minimum | Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.043
Minimum | Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.013
Minimum | Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0
Minimum | Non-Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.058
Minimum | Non-Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	2 years 3 months 18 days
Minimum | Non-Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.020
Minimum | Non-Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.027
Minimum | Non-Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.189
Maximum | Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.110
Maximum | Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	4 years 9 months 18 days
Maximum | Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.200
Maximum | Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.347
Maximum | Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	1
Maximum | Non-Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.085
Maximum | Non-Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	5 years 1 month 6 days
Maximum | Non-Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.063
Maximum | Non-Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.029
Maximum | Non-Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.300
Weighted Average | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.070
Weighted Average | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	3 years 9 months
Weighted Average | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.063
Weighted Average | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.053
Weighted Average | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.349
Weighted Average | Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.061
Weighted Average | Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	4 years 2 months 15 days
Weighted Average | Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.085
Weighted Average | Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.069
Weighted Average | Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.385
Weighted Average | Non-Performing Loans | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.083
Weighted Average | Non-Performing Loans | Weighted Average Life (Years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, term	3 years 2 months 12 days
Weighted Average | Non-Performing Loans | Prepayment Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.031
Weighted Average | Non-Performing Loans | Delinquency
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.029
Weighted Average | Non-Performing Loans | Loss Severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Financing receivable, measurement input	0.296

CONSOLIDATED VARIABLE INTERES_3

CONSOLIDATED VARIABLE INTEREST ENTITIES - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
VIE, consolidated
Variable Interest Entity [Line Items]
New Residential Interest in Investees	73.20%
Capital distributed to third-party co-investors	$ 328.4
Capital distributed to New Residential	$ 306.9
Consumer Loan Companies
Variable Interest Entity [Line Items]
Ownership interest	53.50%

CONSOLIDATED VARIABLE INTERES_4

CONSOLIDATED VARIABLE INTEREST ENTITIES - Variable Interest Entities, Characteristics (Details) - SAFT 2013-1 Securitization Entity - VIE, consolidated - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Variable Interest Entity [Line Items]
UPB of Underlying Mortgages	$ 14,932,876	$ 9,399,416
Weighted average delinquency	2.45%	2.03%
Net credit losses	$ 13,898	$ 3,562
Face amount of debt held by third parties	12,907,495	8,306,631
Carrying value of bonds retained by New Residential	1,814,333	1,271,126
Cash flows received by New Residential on these bonds	$ 79,250	$ 62,845
Number of days delinquent (in days)	60 days

CONSOLIDATED VARIABLE INTERES_5

CONSOLIDATED VARIABLE INTEREST ENTITIES - Variable Interest Entities, Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Assets
Total	[1]	$ 515,574	$ 581,777
Residential mortgage loans, held-for-investment, at fair value	[1]	824,183	925,706
Carrying Value	[1]	780,821	827,545
Cash and cash equivalents	[1]	360,453	528,737
Restricted cash		147,435	162,197
Other assets		1,971,467	1,559,467
Total assets		24,193,475	44,863,454
Liabilities
Notes and bonds payable	[1]	7,014,579	7,720,148
Accrued expenses and other liabilities	[1]	968,140	773,126
Total liabilities		18,863,011	$ 37,627,194
VIE, consolidated
Assets
Total		500,447		$ 674,607
Residential mortgage loans, held-for-investment, at fair value		429,318		429,229
Carrying Value		774,607		981,931
Cash and cash equivalents		52,459		46,465
Restricted cash		13,633		9,899
Other assets		17,883		24,747
Total assets		1,788,347		2,166,878
Liabilities
Notes and bonds payable		1,458,561		1,867,011
Accrued expenses and other liabilities		9,947		9,084
Total liabilities		1,468,508		1,876,095
VIE, consolidated | The Buyer
Assets
Total		500,447		674,607
Residential mortgage loans, held-for-investment, at fair value		0		0
Carrying Value		0		0
Cash and cash equivalents		29,942		29,943
Restricted cash		4,808		0
Other assets		7		9,608
Total assets		535,204		714,158
Liabilities
Notes and bonds payable		415,036		514,246
Accrued expenses and other liabilities		1,581		2,343
Total liabilities		416,617		516,589
VIE, consolidated | Shelter Joint Ventures
Assets
Total		0		0
Residential mortgage loans, held-for-investment, at fair value		0		0
Carrying Value		0		0
Cash and cash equivalents		22,517		16,522
Restricted cash		0		0
Other assets		4,656		701
Total assets		27,173		17,223
Liabilities
Notes and bonds payable		0		2,225
Accrued expenses and other liabilities		4,481		0
Total liabilities		4,481		2,225
VIE, consolidated | Residential Mortgage Loans
Assets
Total		0		0
Residential mortgage loans, held-for-investment, at fair value		429,318		429,229
Carrying Value		0		0
Cash and cash equivalents		0		0
Restricted cash		0		0
Other assets		1,941		0
Total assets		431,259		429,229
Liabilities
Notes and bonds payable		272,293		377,382
Accrued expenses and other liabilities		0		2,635
Total liabilities		272,293		380,017
VIE, consolidated | Consumer Loan Companies
Assets
Total		0		0
Residential mortgage loans, held-for-investment, at fair value		0		0
Carrying Value		774,607		981,931
Cash and cash equivalents		0		0
Restricted cash		8,825		9,899
Other assets		11,279		14,438
Total assets		794,711		1,006,268
Liabilities
Notes and bonds payable		771,232		973,158
Accrued expenses and other liabilities		3,885		4,106
Total liabilities		$ 775,117		$ 977,264
[1]	See Note 13 regarding consolidated VIEs.

CONSOLIDATED VARIABLE INTERES_6

CONSOLIDATED VARIABLE INTEREST ENTITIES - Others' Interest in Equity of Consumer Loan Companies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Noncontrolling Interest [Line Items]
Total consolidated equity	$ 5,330,464	$ 6,912,209	$ 7,236,260	$ 6,088,295
Others’ interests in equity of consolidated subsidiary	66,578		78,550
Net income (loss)	(1,607,255)	155,912
Noncontrolling interests in income (loss) of consolidated subsidiaries	$ (16,162)	10,318
VIE, consolidated
Noncontrolling Interest [Line Items]
New Residential Interest in Investees	73.20%
VIE, consolidated | The Buyer
Noncontrolling Interest [Line Items]
Total consolidated equity	$ 118,591		168,207
Others’ interests in equity of consolidated subsidiary	31,743		45,025
Net income (loss)	(42,015)	9,155
Noncontrolling interests in income (loss) of consolidated subsidiaries	(11,247)	2,451
VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Total consolidated equity	22,692		23,171
Others’ interests in equity of consolidated subsidiary	11,323		11,354
Net income (loss)	2,571	798
Noncontrolling interests in income (loss) of consolidated subsidiaries	1,283	407
VIE, consolidated | Consumer Loan Companies
Noncontrolling Interest [Line Items]
Total consolidated equity	49,387		46,510
Others’ interests in equity of consolidated subsidiary	23,512		$ 22,171
Net income (loss)	(13,330)	16,042
Noncontrolling interests in income (loss) of consolidated subsidiaries	$ (6,198)	$ 7,460
VIE, consolidated | The Buyer
Noncontrolling Interest [Line Items]
Others’ ownership interest	26.80%		26.80%
New Residential Interest in Investees	73.20%	73.20%
VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Others’ ownership interest	49.90%		49.00%
VIE, consolidated | Consumer Loan Companies
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%		46.50%
Weighted Average | VIE, consolidated | The Buyer
Noncontrolling Interest [Line Items]
Others’ ownership interest	26.80%	26.80%
Weighted Average | VIE, consolidated | Shelter Joint Ventures
Noncontrolling Interest [Line Items]
Others’ ownership interest	49.90%	51.00%
Weighted Average | VIE, consolidated | Consumer Loan Companies
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%	46.50%

EQUITY AND EARNINGS PER SHARE -

EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 23, 2020	Feb. 14, 2020	Aug. 15, 2019	Aug. 01, 2019	Jul. 02, 2019	Jul. 30, 2018	Aug. 31, 2019	Jul. 31, 2019	Feb. 28, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Aug. 20, 2019
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance of stock (in shares)									46,000,000
Shares issued, price per share (in dollars per share)									$ 16.50
Issuance of common stock									$ 751,700	$ 1,655	$ 752,112
Options granted (in shares)										1,619,739
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		10 years
Common stock, par value (in dollars per share)										$ 0.01		$ 0.01
Net proceeds from liquidation			$ 273,400		$ 150,000
Number of shares issued (in shares)			11,300,000		6,200,000					33,610,000
Preferred stock, par values (in dollars per share)										$ 0.01		$ 0.01
Issuance of common stock											$ 751,659
Common stock, shares outstanding (in shares)										415,649,214		415,520,780
Authorized repurchase amount														$ 200,000
Share price (in dollars per share)										$ 5.01
Diluted common stock equivalent, shares outstanding, adjustment (in shares)										0	321,144
Fortress-managed funds
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, shares outstanding (in shares)										2,400,000
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)									$ 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
7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)								6,210,000
Interest rate					7.50%			7.50%		7.50%		7.50%
Preferred stock, par values (in dollars per share)					$ 0.01					$ 0.01		$ 0.01
Liquidation preference per share (in dollars per share)					$ 25
Dividends declared on preferred stock (in dollars per share)	$ 0.47									$ 0.47
Preferred dividends	$ 2,900
7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)							11,300,000
Interest rate			7.125%				7.125%			7.125%		7.125%
Preferred stock, par values (in dollars per share)			$ 0.01							$ 0.01		$ 0.01
Liquidation preference per share (in dollars per share)			$ 25
Dividends declared on preferred stock (in dollars per share)	$ 0.45									$ 0.45
Preferred dividends	$ 5,100
6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Net proceeds from liquidation		$ 389,500
Number of shares issued (in shares)		16,100,000
Interest rate		6.375%								6.375%		6.375%
Preferred stock, par values (in dollars per share)		$ 0.01								$ 0.01		$ 0.01
Options granted to Manager (in shares)		1,600,000
Fair value of options granted to Manager		$ 1,000
Risk-free interest rate		1.55%
Dividend yield		9.00%
Volatility		17.39%
Dividends declared on preferred stock (in dollars per share)	$ 0.40
Preferred dividends	$ 6,400
Distribution Agreement
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Common stock, par value (in dollars per share)						$ 0.01
Over-Allotment Option
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of shares issued (in shares)			1,100,000		600,000
Issuance of common stock			$ 700		$ 500
Common Stock
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Issuance of stock (in shares)											46,000,000
Issuance of common stock											$ 460
Common Stock | Distribution Agreement
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options granted (in shares)													10,000
Net proceeds from liquidation				$ 500,000		$ 500,000							$ 1,600
Number of shares issued (in shares)										100,000
Fair value of common stock at the offering prices													$ 200

EQUITY AND EARNINGS PER SHARE_2

EQUITY AND EARNINGS PER SHARE - Schedule of Open Market Purchases (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 15, 2019	Jul. 02, 2019	Mar. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Number of Common shares (in shares)	11,300,000	6,200,000	33,610,000
Net Proceeds	$ 273,400	$ 150,000
Open Market Purchases From January 1, 2020 To March 31, 2020
Equity, Class of Treasury Stock [Line Items]
Number of Common shares (in shares)			97,394,000
Average price per share (in dollars per share)			$ 17.06
Gross Proceeds			$ 1,662
Fees			12
Net Proceeds			$ 1,650

EQUITY AND EARNINGS PER SHARE_3

EQUITY AND EARNINGS PER SHARE - Schedule of Preferred Shares (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 23, 2020	Aug. 15, 2019	Jul. 02, 2019	Feb. 29, 2020	Aug. 31, 2019	Jul. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Number of shares issued (in shares)		11,300,000	6,200,000				33,610,000
Liquidation Preference							$ 840,250
Carrying Value							812,992
7.50% Series A Preferred Stock
Class of Stock [Line Items]
Number of shares issued (in shares)						6,210,000
Liquidation Preference						$ 155,250
Issuance Discount						3.15%
Carrying Value							$ 150,026
Dividends (in dollars per share)	$ 0.47						$ 0.47
Interest rate			7.50%			7.50%	7.50%	7.50%
7.125% Series B Preferred Stock
Class of Stock [Line Items]
Number of shares issued (in shares)					11,300,000
Liquidation Preference					$ 282,500
Issuance Discount					3.15%
Carrying Value							$ 273,418
Dividends (in dollars per share)	$ 0.45						$ 0.45
Interest rate		7.125%			7.125%		7.125%	7.125%
6.375% Series C Preferred Stock
Class of Stock [Line Items]
Number of shares issued (in shares)				16,100,000
Liquidation Preference				$ 402,500
Issuance Discount				3.15%
Carrying Value							$ 389,548
Dividends (in dollars per share)							$ 0.40
Interest rate				6.375%

EQUITY AND EARNINGS PER SHARE_4

EQUITY AND EARNINGS PER SHARE - Options Outstanding by Issuance (Details)	Mar. 31, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	14,428,655
Held by the Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	10,860,706
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]
Number of options (in shares)	3,560,949
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	7,000
Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	14,428,655

EQUITY AND EARNINGS PER SHARE_5

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	14,428,655
Options exercisable (in shares)	7,191,138
Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	7,000
Stock Options | Issued to the independent directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	Various
Number of unexercised options (in shares)	7,000
Options exercisable (in shares)	7,000
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.57
Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) | $	$ 0
Stock Options | Manager | 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2017
Number of unexercised options (in shares)	1,130,916
Options exercisable (in shares)	1,130,916
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.95
Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) | $	$ 0
Stock Options | Manager | 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2018
Number of unexercised options (in shares)	5,320,000
Options exercisable (in shares)	3,576,631
Weighted average exercise price (in dollars per share) | $ / shares	$ 16.65
Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) | $	$ 0
Stock Options | Manager | 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2019
Number of unexercised options (in shares)	6,351,000
Options exercisable (in shares)	2,422,600
Weighted average exercise price (in dollars per share) | $ / shares	$ 16.17
Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) | $	$ 0
Stock Options | Manager | 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant	2020
Number of unexercised options (in shares)	1,619,739
Options exercisable (in shares)	53,991
Weighted average exercise price (in dollars per share) | $ / shares	$ 17.41
Intrinsic Value of Exercisable Options as of March 31, 2020 (millions) | $	$ 0
Options Granted In 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,130,916
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.95
Options Granted in 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,159,833
Options Granted In 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,270,200
Options Assigned
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	3,560,949
Minimum | Options Granted in 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	$ 16.54
Minimum | Options Granted In 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	15.13
Maximum | Options Granted in 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	18.01
Maximum | Options Granted In 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	$ 16.67

EQUITY AND EARNINGS PER SHARE_6

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, Outstanding options (in shares)	12,808,916
Options granted (in shares)	1,619,739
Options exercised (in shares)	0
Options expired unexercised (in shares)	0
Ending balance, Outstanding options (in shares)	14,428,655
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, granted (in dollars per share) | $ / shares	$ 17.41
Weighted average exercise price, exercised (in dollars per share) | $ / shares	$ 0

EQUITY AND EARNINGS PER SHARE_7

EQUITY AND EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income (loss)	$ (1,607,255)	$ 155,912
Noncontrolling interests in income (loss) of consolidated subsidiaries	(16,162)	10,318
Dividends on preferred stock	11,222	0
Net income (loss) attributable to common stockholders	$ (1,602,315)	$ 145,594
Basic weighted average shares of common stock outstanding (in shares)	415,589,155	388,279,931
Dilutive effect of stock options (in shares)	0	321,144
Diluted weighted average shares of common stock outstanding (in shares)	415,589,155	388,601,075
Basic earnings per share attributable to common stockholders (in dollars per share)	$ (3.86)	$ 0.37
Diluted earnings per share attributable to common stockholders (in dollars per share)	$ (3.86)	$ 0.37

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loss Contingencies [Line Items]
Estimated liability, representation and warranties	$ 11,100
Residential mortgage loan repurchase liability	197,715	$ 172,336
Future commitments under non-cancelable leases	41,200
Unfunded Loan Commitment | Consumer Portfolio Segment | Consumer Loan Companies
Loss Contingencies [Line Items]
Financing receivable	$ 267,500

TRANSACTIONS WITH AFFILIATES _3

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2020USD ($)purchasers	Mar. 31, 2020USD ($)purchasers
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
Number of purchasers | purchasers	6	6
Mortgage-backed securities	$ 6,100	$ 6,100
Proceeds from sale of mortgage-backed securities	$ 3,300
Manager
Related Party Transaction [Line Items]
Management fee rate (percent)	1.50%	1.50%
Incentive compensation percentage	25.00%	25.00%
Interest rate for incentive compensation	10.00%	10.00%
Fortress Purchaser
Related Party Transaction [Line Items]
Mortgage-backed securities	$ 1,850	$ 1,850
Payments to acquire mortgage-backed securities	$ 1,000

TRANSACTIONS WITH AFFILIATES _4

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Schedule of Affiliate Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Due to affiliates	$ 17,216		$ 103,882
Management fees	21,721	$ 17,960
Incentive compensation	0	12,958
Manager
Related Party Transaction [Line Items]
Management fees	14,722		7,076
Incentive compensation	0		91,892
Expense reimbursements and other	2,494		4,914
Due to affiliates	17,216		$ 103,882
Management fees	21,721	17,960
Incentive compensation	0	12,958
Expense reimbursements	125	125
Total payments to affiliate	$ 21,846	$ 31,043

RECLASSIFICATION FROM ACCUMUL_3

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Provision (reversal) for credit losses on securities	$ 44,149	$ 7,516
Net income (loss)	(1,607,255)	155,912
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(710,391)	(57,680)
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on settlement of investments, net	(754,540)	(65,196)
Provision (reversal) for credit losses on securities	$ 44,149	$ 7,516

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Current:
Federal	$ 0	$ (413)
State and Local	49	79
Total Current Income Tax Expense (Benefit)	49	(334)
Deferred:
Federal	(127,526)	37,146
State and Local	(39,391)	9,185
Total Deferred Income Tax Expense (Benefit)	(166,917)	46,331
Total Income Tax (Benefit) Expense	(166,868)	$ 45,997
Deferred income tax asset, net	$ 176,238		$ 8,669

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Servicer Advances - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2020	Mar. 31, 2020
Subsequent Event [Line Items]
Borrowing capacity		$ 1,575,000
Subsequent Event
Subsequent Event [Line Items]
Borrowing capacity	$ 1,300,000
London Interbank Offered Rate (LIBOR) | Subsequent Event
Subsequent Event [Line Items]
Variable interest rate spread	2.50%