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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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Non-Agency          
Gains (losses) included in net income          
Included in gain (loss) on settlement of investments, net $ (11,600) $ 78,500 $ (944,300) $ 91,900  
Excess MSRs Investees          
Purchases, sales and repayments          
New Residential’s ownership 50.00%   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     (715,790)    
Transfers to Level 3     1,267,713    
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     (15,300)    
Included in change in fair value of investments in excess mortgage servicing rights     (11,773)    
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees     (2,902)    
Included in servicing revenue, net     (1,497,731)    
Included in change in fair value of investments in mortgage servicing rights financing receivables     (245,906)    
Included in change in fair value of servicer advance investments     431    
Included in change in fair value of investments in residential mortgage loans     (109,324)    
Included in gain (loss) on settlement of investments, net     (944,242)    
Included in other income (loss), net     145,155    
Gains (losses) included in other comprehensive income     (562,678)    
Interest income     152,813    
Purchases, sales and repayments          
Purchases, net(G)     3,937,958    
Proceeds from sales     (8,529,796)    
Proceeds from repayments     (2,028,420)    
Originations and other     422,763    
Balance, ending $ 10,032,825   10,032,825    
Fair Value, Liabilities Measured on Recurring Basis, Gains (losses) included in net income [Abstract]          
Balance, beginning     746,737    
Transfers from Level 3     (43,875)    
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     (12,259)    
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     (534)    
Included in gain (loss) on settlement of investments, net     0    
Included in other income (loss), net     4,225    
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, net(G)     1,538,804    
Proceeds from sales     0    
Payments     (441,855)    
Other     (854)    
Balance, ending 1,790,389   1,790,389    
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    
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     431    
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     13,080    
Purchases, sales and repayments          
Purchases, net(G)     991,289    
Proceeds from sales        
Proceeds from repayments     (1,050,817)    
Originations and other     0    
Balance, ending 535,760   535,760    
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    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights     320,613    
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     (1,497,731)    
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, net(G)     446,964    
Proceeds from sales     (10,452)    
Proceeds from repayments     0    
Originations and other     424,451    
Balance, ending 3,651,805   3,651,805    
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    
Transfers from investments in mortgage servicing rights financing receivables to investments in mortgage servicing rights     (320,613)    
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     (245,906)    
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, net(G)     (18,227)    
Proceeds from sales     (3,708)    
Proceeds from repayments     0    
Originations and other     0    
Balance, ending 1,129,819   1,129,819    
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    
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     (15,300)    
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     (944,257)    
Included in other income (loss), net     (30,695)    
Gains (losses) included in other comprehensive income     (593,130)    
Interest income     95,713    
Purchases, sales and repayments          
Purchases, net(G)     575,030    
Proceeds from sales     (5,139,114)    
Proceeds from repayments     (495,100)    
Originations and other     (1,688)    
Balance, ending 1,409,244   1,409,244    
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    
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     206,073    
Gains (losses) included in other comprehensive income     0    
Interest income     0    
Purchases, sales and repayments          
Purchases, net(G)     0    
Proceeds from sales     0    
Proceeds from repayments     0    
Originations and other     0    
Balance, ending 245,964   245,964    
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     (715,790)    
Transfers to Level 3     440,168    
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     (109,324)    
Included in gain (loss) on settlement of investments, net     0    
Included in other income (loss), net     (8,399)    
Gains (losses) included in other comprehensive income     (6,020)    
Interest income     0    
Purchases, sales and repayments          
Purchases, net(G)     1,917,894    
Proceeds from sales     (3,376,461)    
Proceeds from repayments     (238,752)    
Originations and other     0    
Balance, ending 1,902,141   1,902,141    
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     0    
Transfers to Level 3     827,545    
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     (9,634)    
Gains (losses) included in other comprehensive income     36,472    
Interest income     18,844    
Purchases, sales and repayments          
Purchases, net(G)     25,008    
Proceeds from sales     0    
Proceeds from repayments     (176,125)    
Originations and other     0    
Balance, ending 722,110   722,110    
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     (12,259)    
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    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements) [Abstract]          
Purchases, net(G)     0    
Proceeds from sales     0    
Payments     0    
Other     611    
Balance, ending 20,129   20,129    
Recurring Basis | Level 3 | Asset 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 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     (534)    
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, net(G)     1,538,804    
Proceeds from sales     0    
Payments     (439,911)    
Other     (1,465)    
Balance, ending 1,756,632   1,756,632    
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     (43,875)    
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 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     4,225    
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, net(G)     0    
Proceeds from sales     0    
Payments     (1,944)    
Other     0    
Balance, ending 13,628   13,628    
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    
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     (7,805)    
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     14    
Included in other income (loss), net     (10,817)    
Gains (losses) included in other comprehensive income     0    
Interest income     12,066    
Purchases, sales and repayments          
Purchases, net(G)     0    
Proceeds from sales     (56)    
Proceeds from repayments     (29,486)    
Originations and other     0    
Balance, ending 173,549   173,549    
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    
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     (2,902)    
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, net(G)     0    
Proceeds from sales     0    
Proceeds from repayments     (15,335)    
Originations and other     0    
Balance, ending 107,359   107,359    
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    
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     (3,968)    
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     (1,373)    
Gains (losses) included in other comprehensive income     0    
Interest income     13,110    
Purchases, sales and repayments          
Purchases, net(G)     0    
Proceeds from sales     (5)    
Proceeds from repayments     (22,805)    
Originations and other     0    
Balance, ending $ 155,074   $ 155,074