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INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MORTGAGE SERVICING RIGHTS FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Schedule of Investments in Mortgage Servicing Rights [Line Items]                      
Less: subservicing expense                 $ (176,784) $ (166,081) $ (7,832)
Servicing revenue, net $ (10,189) $ 175,355 $ 146,193 $ 217,236 $ 154,882 $ 58,014 $ 170,851 $ 40,602 528,595 424,349 118,169
Change in fair value of investments in mortgage servicing rights financing receivables                 31,550 66,394 0
Excess Spread Financing                      
Schedule of Investments in Mortgage Servicing Rights [Line Items]                      
Amortization of servicing rights                 (1,200) 0 0
MSRs                      
Schedule of Investments in Mortgage Servicing Rights [Line Items]                      
Servicing fee revenue                 589,546 412,971 29,168
Ancillary and other fees                 130,294 79,050 676
Servicing fee revenue and fees and Interest income, investments in mortgage servicing rights financing receivable                 719,840 492,021 29,844
Amortization of servicing rights                 (256,915) (223,167) (15,354)
Change in valuation inputs and assumptions                 68,587 155,495 103,679
(Gain)/loss on sales                 (2,917) 0 0
Servicing revenue, net                 528,595 424,349 118,169
MSRs | Mortgage Servicing Rights Financing Receivable | New Residential Mortgage LLC                      
Schedule of Investments in Mortgage Servicing Rights [Line Items]                      
Servicing fee revenue                 705,812 94,945  
Ancillary and other fees                 146,829 17,313  
Less: subservicing expense                 (251,184) (33,686)  
Servicing fee revenue and fees and Interest income, investments in mortgage servicing rights financing receivable                 601,457 78,572  
Amortization of servicing rights                 (197,703) (43,190)  
Change in valuation inputs and assumptions                 (230,036) (109,584)  
(Gain)/loss on sales                 (783) 0  
Change in fair value of investments in mortgage servicing rights financing receivables                 31,550 66,394  
MSRs | Excess Spread Financing                      
Schedule of Investments in Mortgage Servicing Rights [Line Items]                      
Change in valuation inputs and assumptions                 $ 7,400 $ 0 $ 0