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SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Segment Reporting Information [Line Items]                
Interest income $ 232,198 $ 416,047 $ 634,571 $ 854,914        
Servicing revenue, net (90,459) (85,537) (379,574) 80,316        
Gain on originated mortgage loans, held-for-sale, net 310,022 101,018 489,720 168,188        
Revenues 451,761 431,528 744,717 1,103,418        
Operating expenses 436,536 429,867 956,309 823,086        
Other income (loss) 24,603 (25,947) (1,378,058) (89,913)        
Impairment (21,710) 22,311 122,935 35,107        
Income (loss) before income taxes 61,538 (46,597) (1,712,585) 155,312        
Income tax expense (benefit) 17,409 (21,577) (149,459) 24,420        
Net income (loss) 44,129 (25,020) (1,563,126) 130,892        
Noncontrolling interests in income (loss) of consolidated subsidiaries 38,640 6,923 22,478 17,241        
Dividends on Preferred Stock 14,357 0 25,579 0        
Net Income (Loss) Attributable to Common Stockholders (8,868) (31,943) (1,611,183) 113,651        
Investments 17,314,600   17,314,600          
Cash and cash equivalents 1,013,208   1,013,208          
Restricted cash 138,932   138,932     $ 162,197    
Other assets 5,255,941   5,255,941          
Goodwill 29,468   29,468     29,737    
Total assets 23,752,149   23,752,149     44,863,454    
Debt 16,584,343   16,584,343          
Other liabilities 1,778,834   1,778,834          
Total liabilities 18,363,177   18,363,177     37,627,194    
Total equity 5,388,972 6,800,830 5,388,972 6,800,830 $ 5,330,464 7,236,260 $ 6,912,209 $ 6,088,295
Noncontrolling interests in equity of consolidated subsidiaries 96,681   96,681     78,550    
Total New Residential stockholders’ equity 5,292,291   5,292,291     $ 7,157,710    
Investments in equity method investees 147,017   147,017          
Operating | Servicing and Origination                
Segment Reporting Information [Line Items]                
Interest income 118,464 147,416 242,039 279,216        
Servicing revenue, net (90,459) (85,537) (379,574) 80,316        
Gain on originated mortgage loans, held-for-sale, net 311,871 76,074 483,058 127,400        
Revenues 339,876 137,953 345,523 486,932        
Operating expenses 334,195 234,217 654,045 427,545        
Other income (loss) (90,275) (67,437) (246,725) (88,243)        
Impairment (91) 0 (91) 0        
Income (loss) before income taxes (84,503) (163,701) (555,156) (28,856)        
Income tax expense (benefit) 14,475 (54,244) (77,307) (14,870)        
Net income (loss) (98,978) (109,457) (477,849) (13,986)        
Noncontrolling interests in income (loss) of consolidated subsidiaries 13,010 1,874 3,046 4,732        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders (111,988) (111,331) (480,895) (18,718)        
Investments 7,789,588   7,789,588          
Cash and cash equivalents 604,967   604,967          
Restricted cash 95,632   95,632          
Other assets 3,594,745   3,594,745          
Goodwill 29,468   29,468          
Total assets 12,114,400   12,114,400          
Debt 7,998,064   7,998,064          
Other liabilities 466,639   466,639          
Total liabilities 8,464,703   8,464,703          
Total equity 3,649,697   3,649,697          
Noncontrolling interests in equity of consolidated subsidiaries 55,519   55,519          
Total New Residential stockholders’ equity 3,594,178   3,594,178          
Investments in equity method investees 147,017   147,017          
Operating | Consumer Loans                
Segment Reporting Information [Line Items]                
Interest income 32,787 43,839 67,659 88,244        
Servicing revenue, net 0 0 0 0        
Gain on originated mortgage loans, held-for-sale, net 0 0 0 0        
Revenues 32,787 43,839 67,659 88,244        
Operating expenses 9,918 15,834 20,468 32,456        
Other income (loss) 29,984 (12,204) (10,767) (7,673)        
Impairment 0 7,652 0 18,736        
Income (loss) before income taxes 52,853 8,149 36,424 29,379        
Income tax expense (benefit) 16 179 131 258        
Net income (loss) 52,837 7,970 36,293 29,121        
Noncontrolling interests in income (loss) of consolidated subsidiaries 25,630 5,049 19,432 12,509        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders 27,207 2,921 16,861 16,612        
Investments 766,462   766,462          
Cash and cash equivalents 7,477   7,477          
Restricted cash 32,041   32,041          
Other assets 60,095   60,095          
Goodwill 0   0          
Total assets 866,075   866,075          
Debt 722,839   722,839          
Other liabilities 3,916   3,916          
Total liabilities 726,755   726,755          
Total equity 139,320   139,320          
Noncontrolling interests in equity of consolidated subsidiaries 41,162   41,162          
Total New Residential stockholders’ equity 98,158   98,158          
Investments in equity method investees 0   0          
Eliminations                
Segment Reporting Information [Line Items]                
Interest income 0 0 0 0        
Servicing revenue, net (61,726) (20,778) (85,918) (26,913)        
Gain on originated mortgage loans, held-for-sale, net (3,561) (10,218) (12,936) (19,303)        
Revenues (65,287) (30,996) (98,854) (46,216)        
Operating expenses (61,726) (20,778) (85,918) (26,913)        
Other income (loss) 0 0 0 0        
Impairment 0 0 0 0        
Income (loss) before income taxes (3,561) (10,218) (12,936) (19,303)        
Income tax expense (benefit) 0 0 0 0        
Net income (loss) (3,561) (10,218) (12,936) (19,303)        
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders (3,561) (10,218) (12,936) (19,303)        
Investments 0   0          
Cash and cash equivalents 0   0          
Restricted cash 0   0          
Other assets 0   0          
Goodwill 0   0          
Total assets 0   0          
Debt 0   0          
Other liabilities 0   0          
Total liabilities 0   0          
Total equity 0   0          
Noncontrolling interests in equity of consolidated subsidiaries 0   0          
Total New Residential stockholders’ equity 0   0          
Investments in equity method investees 0   0          
Corporate                
Segment Reporting Information [Line Items]                
Interest income 0 0 0 0        
Servicing revenue, net 0 0 0 0        
Gain on originated mortgage loans, held-for-sale, net 0 0 0 0        
Revenues 0 0 0 0        
Operating expenses 37,651 23,466 64,632 59,075        
Other income (loss) 381 2,992 (46,769) 5,704        
Impairment 0 0 0 0        
Income (loss) before income taxes (37,270) (20,474) (111,401) (53,371)        
Income tax expense (benefit) 0 0 0 0        
Net income (loss) (37,270) (20,474) (111,401) (53,371)        
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0        
Dividends on Preferred Stock 14,357 0 25,579 0        
Net Income (Loss) Attributable to Common Stockholders (51,627) (20,474) (136,980) (53,371)        
Investments 0   0          
Cash and cash equivalents 269,983   269,983          
Restricted cash 0   0          
Other assets 27,315   27,315          
Goodwill 0   0          
Total assets 297,298   297,298          
Debt 533,383   533,383          
Other liabilities 68,942   68,942          
Total liabilities 602,325   602,325          
Total equity (305,027)   (305,027)          
Noncontrolling interests in equity of consolidated subsidiaries 0   0          
Total New Residential stockholders’ equity (305,027)   (305,027)          
Investments in equity method investees 0   0          
Origination | Operating | Servicing and Origination                
Segment Reporting Information [Line Items]                
Interest income 8,963 9,280 25,698 14,864        
Servicing revenue, net (1,998) (397) (3,076) (667)        
Gain on originated mortgage loans, held-for-sale, net 281,937 73,943 440,152 124,755        
Revenues 288,902 82,826 462,774 138,952        
Operating expenses 108,129 64,404 221,768 115,925        
Other income (loss) 390 (102) 374 957        
Impairment 0 0 0 0        
Income (loss) before income taxes 181,163 18,320 241,380 23,984        
Income tax expense (benefit) 20,083 10,810 32,041 12,359        
Net income (loss) 161,080 7,510 209,339 11,625        
Noncontrolling interests in income (loss) of consolidated subsidiaries 4,419 1,543 5,702 1,950        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders 156,661 5,967 203,637 9,675        
Investments 1,750,568   1,750,568          
Cash and cash equivalents 159,242   159,242          
Restricted cash 3,224   3,224          
Other assets 231,088   231,088          
Goodwill 11,836   11,836          
Total assets 2,155,958   2,155,958          
Debt 1,607,829   1,607,829          
Other liabilities 201,530   201,530          
Total liabilities 1,809,359   1,809,359          
Total equity 346,599   346,599          
Noncontrolling interests in equity of consolidated subsidiaries 15,186   15,186          
Total New Residential stockholders’ equity 331,413   331,413          
Investments in equity method investees 0   0          
Servicing | Operating | Servicing and Origination                
Segment Reporting Information [Line Items]                
Interest income 1,115 8,151 8,602 14,334        
Servicing revenue, net 96,885 48,563 183,627 92,084        
Gain on originated mortgage loans, held-for-sale, net 343 244 602 333        
Revenues 98,343 56,958 192,831 106,751        
Operating expenses 74,018 40,632 138,566 76,952        
Other income (loss) 0 0 499 0        
Impairment 0 0 0 0        
Income (loss) before income taxes 24,325 16,326 54,764 29,799        
Income tax expense (benefit) 1,224 11,669 7,269 15,355        
Net income (loss) 23,101 4,657 47,495 14,444        
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders 23,101 4,657 47,495 14,444        
Investments 0   0          
Cash and cash equivalents 83,066   83,066          
Restricted cash 5,209   5,209          
Other assets 197,243   197,243          
Goodwill 12,540   12,540          
Total assets 298,058   298,058          
Debt 6,669   6,669          
Other liabilities 55,774   55,774          
Total liabilities 62,443   62,443          
Total equity 235,615   235,615          
Noncontrolling interests in equity of consolidated subsidiaries 0   0          
Total New Residential stockholders’ equity 235,615   235,615          
Investments in equity method investees 0   0          
MSR Related Investments | Operating | Servicing and Origination                
Segment Reporting Information [Line Items]                
Interest income 108,386 129,985 207,739 250,018        
Servicing revenue, net (123,620) (112,925) (474,207) 15,812        
Gain on originated mortgage loans, held-for-sale, net 33,152 12,105 55,240 21,615        
Revenues 17,918 29,165 (211,228) 287,445        
Operating expenses 213,774 149,959 379,629 261,581        
Other income (loss) (90,665) (67,335) (247,598) (89,200)        
Impairment (91) 0 (91) 0        
Income (loss) before income taxes (286,430) (188,129) (838,364) (63,336)        
Income tax expense (benefit) (6,832) (76,723) (116,617) (42,584)        
Net income (loss) (279,598) (111,406) (721,747) (20,752)        
Noncontrolling interests in income (loss) of consolidated subsidiaries 8,591 331 (2,656) 2,782        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders (288,189) (111,737) (719,091) (23,534)        
Investments 6,039,020   6,039,020          
Cash and cash equivalents 362,659   362,659          
Restricted cash 87,199   87,199          
Other assets 3,166,414   3,166,414          
Goodwill 5,092   5,092          
Total assets 9,660,384   9,660,384          
Debt 6,383,566   6,383,566          
Other liabilities 209,335   209,335          
Total liabilities 6,592,901   6,592,901          
Total equity 3,067,483   3,067,483          
Noncontrolling interests in equity of consolidated subsidiaries 40,333   40,333          
Total New Residential stockholders’ equity 3,027,150   3,027,150          
Investments in equity method investees 147,017   147,017          
Real Estate Securities | Operating | Residential Securities and Loans                
Segment Reporting Information [Line Items]                
Interest income 33,663 168,489 217,668 372,962        
Servicing revenue, net 0 0 0 0        
Gain on originated mortgage loans, held-for-sale, net 0 0 0 0        
Revenues 33,663 168,489 217,668 372,962        
Operating expenses 18,023 107,765 132,886 210,254        
Other income (loss) 47,837 (37,446) (918,202) (84,404)        
Impairment (25,134) 8,859 19,015 16,375        
Income (loss) before income taxes 88,611 14,419 (852,435) 61,929        
Income tax expense (benefit) 0 0 0 0        
Net income (loss) 88,611 14,419 (852,435) 61,929        
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders 88,611 14,419 (852,435) 61,929        
Investments 6,144,236   6,144,236          
Cash and cash equivalents 111,571   111,571          
Restricted cash 11,259   11,259          
Other assets 217,354   217,354          
Goodwill 0   0          
Total assets 6,484,420   6,484,420          
Debt 5,314,581   5,314,581          
Other liabilities 119,506   119,506          
Total liabilities 5,434,087   5,434,087          
Total equity 1,050,333   1,050,333          
Noncontrolling interests in equity of consolidated subsidiaries 0   0          
Total New Residential stockholders’ equity 1,050,333   1,050,333          
Investments in equity method investees 0   0          
Residential Mortgage Loans | Operating | Residential Securities and Loans                
Segment Reporting Information [Line Items]                
Interest income 47,284 56,303 107,205 114,492        
Servicing revenue, net 0 0 0 0        
Gain on originated mortgage loans, held-for-sale, net (1,849) 24,944 6,662 40,788        
Revenues 45,435 81,247 113,867 155,280        
Operating expenses 36,749 48,585 84,278 93,756        
Other income (loss) 36,676 88,148 (155,595) 84,703        
Impairment 3,515 5,800 104,011 (4)        
Income (loss) before income taxes 41,847 115,010 (230,017) 146,231        
Income tax expense (benefit) 2,918 32,488 (72,283) 39,032        
Net income (loss) 38,929 82,522 (157,734) 107,199        
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0        
Dividends on Preferred Stock 0 0 0 0        
Net Income (Loss) Attributable to Common Stockholders 38,929 $ 82,522 (157,734) $ 107,199        
Investments 2,614,314   2,614,314          
Cash and cash equivalents 19,210   19,210          
Restricted cash 0   0          
Other assets 1,356,432   1,356,432          
Goodwill 0   0          
Total assets 3,989,956   3,989,956          
Debt 2,015,476   2,015,476          
Other liabilities 1,119,831   1,119,831          
Total liabilities 3,135,307   3,135,307          
Total equity 854,649   854,649          
Noncontrolling interests in equity of consolidated subsidiaries 0   0          
Total New Residential stockholders’ equity 854,649   854,649          
Investments in equity method investees $ 0   $ 0