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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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Servicing Asset at Amortized Cost [Line Items]        
Less: subservicing expense $ (55,376) $ (52,875) $ (159,679) $ (147,763)
(Gain) loss realized     2,363  
Servicing revenue, net (43,929) 53,050 (459,313) 133,366
Change in valuation inputs and assumptions     (604,433)  
Mortgage servicing rights financing receivables (20,275) (41,410) (245,906) (133,200)
MSRs        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 320,880 222,966 945,568 602,241
Ancillary and other fees 30,255 58,489 80,591 151,039
Servicing fee revenue and fees 351,135 281,455 1,026,159 753,280
Amortization of servicing rights (473,490) (168,776) (953,430) (346,772)
Change in valuation inputs and assumptions 81,973 (61,858) (536,154) (275,371)
(Gain) loss realized (3,547) 2,229 4,112 2,229
Servicing revenue, net (43,929) 53,050 (459,313) 133,366
Change in valuation inputs and assumptions     (542,361)  
MSRs | Excess Spread Financing        
Servicing Asset at Amortized Cost [Line Items]        
Change in valuation inputs and assumptions (200) (3,600) 6,200 4,400
MSRs | New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 83,493 128,936 303,936 385,306
Ancillary and other fees 16,231 21,417 59,947 82,695
Less: subservicing expense (35,655) (40,410) (117,689) (145,649)
Servicing fee revenue and fees 64,069 109,943 246,194 322,352
Amortization of servicing rights (36,134) (48,340) (182,085) (131,417)
(Gain) loss realized 0 (2,419) (1,749) (3,220)
Change in valuation inputs and assumptions 15,859 9,349 (62,072) 1,437
Mortgage servicing rights financing receivables $ (20,275) $ (41,410) $ (245,906) $ (133,200)