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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 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]        
Beginning balance     $ 5,686,233  
Purchases, net     461,027  
Originations     268,098  
Prepayments     (54,591)  
Proceeds from sales     (13,509)  
Amortization of servicing rights     (629,590)  
Change in valuation inputs and assumptions     (702,492)  
(Gain) loss on sales     5,910  
Ending balance $ 5,021,086   5,021,086  
MSRs        
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]        
Beginning balance     3,967,960  
Purchases, net     456,665  
Originations     268,098  
Prepayments     (31,222)  
Proceeds from sales     (9,801) $ 0
Amortization of servicing rights     (483,639)  
Change in valuation inputs and assumptions     (624,561)  
(Gain) loss on sales     7,659  
Ending balance 3,551,159   3,551,159  
Mortgage Servicing Rights Financing Receivable        
Activity related to carrying value of investments in mortgage servicing rights [Roll Forward]        
Ending balance 1,469,927   1,469,927  
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     4,362  
Originations     0  
Prepayments     (23,369)  
Proceeds from sales     (3,708) 0
Amortization of servicing rights     (145,951)  
Change in valuation inputs and assumptions (44,321) $ (14,850) (77,931) (7,912)
(Gain) loss on sales 0 $ (360) (1,749) $ (801)
Ending balance $ 1,469,927   $ 1,469,927