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INVESTMENTS IN MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Servicing Asset at Amortized Cost [Line Items]        
Less: subservicing expense $ (73,132) $ (53,962) $ (140,113) $ (94,888)
Change in valuation inputs and assumptions     (702,492)  
Servicing revenue, net (90,459) (85,537) (379,574) 80,316
(Gain) loss on sales     5,910  
Change in fair value of investments in mortgage servicing rights financing receivables (121,520) (55,411) (225,631) (91,790)
MSRs        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 332,376 196,249 660,498 379,275
Ancillary and other fees 18,198 52,813 50,336 92,550
Servicing fee revenue and fees 350,574 249,062 710,834 471,825
Amortization of servicing rights (288,573) (105,321) (479,940) (177,996)
Change in valuation inputs and assumptions (154,416) (229,278) (618,127) (213,513)
(Gain) loss on sales 1,956 0 7,659 0
Change in valuation inputs and assumptions     (624,561)  
Servicing revenue, net (90,459) (85,537) (379,574) 80,316
(Gain) loss on sales     7,659  
MSRs | Excess Spread Financing        
Servicing Asset at Amortized Cost [Line Items]        
Change in valuation inputs and assumptions 1,900 7,600 6,400 8,000
MSRs | New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 106,861 130,126 220,443 256,370
Ancillary and other fees 17,716 29,954 43,716 61,278
Less: subservicing expense (40,131) (49,577) (82,034) (105,239)
Servicing fee revenue and fees 84,446 110,503 182,125 212,409
Amortization of servicing rights (77,199) (40,201) (145,951) (83,077)
Change in valuation inputs and assumptions (44,321) (14,850) (77,931) (7,912)
(Gain) loss on sales 0 (360) (1,749) (801)
Change in fair value of investments in mortgage servicing rights financing receivables $ (121,520) $ (55,411) $ (225,631) $ (91,790)