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MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Servicing Asset at Amortized Cost [Line Items]        
Less: subservicing expense $ (45,278) $ (73,132) $ (95,117) $ (140,113)
Servicing revenue, net (86,511) (90,459) 427,037 (379,574)
Change in valuation inputs and assumptions     427,587  
MSR financing receivables (29,517) (121,520) (55,295) (225,631)
MSRs        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 272,625 332,376 536,368 660,498
Ancillary and other fees 31,496 18,198 63,390 50,336
Servicing fee revenue and fees 304,121 350,574 599,758 710,834
Realization of cash flows (279,102) (288,573) (596,818) (479,940)
Change in valuation inputs and assumptions (106,432) (154,416) 438,947 (618,127)
Change in fair value of derivative instruments 8,624 0 (199) 0
(Gain) loss realized (13,722) 1,956 (14,651) 7,659
Servicing revenue, net (86,511) (90,459) 427,037 (379,574)
Excess Spread Financing        
Servicing Asset at Amortized Cost [Line Items]        
Realization of cash flows (1,300) (1,800) (2,600) (3,700)
Change in valuation inputs and assumptions 200 1,900 (1,600) 6,400
Mortgage Servicing Rights Financing Receivable        
Servicing Asset at Amortized Cost [Line Items]        
Change in valuation inputs and assumptions     (12,967)  
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable        
Servicing Asset at Amortized Cost [Line Items]        
Servicing fee revenue 71,489 106,861 148,222 220,443
Ancillary and other fees 13,106 17,716 21,805 43,716
Less: subservicing expense (32,682) (40,131) (65,326) (82,034)
Servicing fee revenue and fees 51,913 84,446 104,701 182,125
Realization of cash flows (18,676) (77,199) (40,630) (145,951)
(Gain) loss realized (1,428) 0 (1,698) (1,749)
Change in valuation inputs and assumptions (9,413) (44,321) (12,967) (77,931)
MSR financing receivables $ (29,517) $ (121,520) $ (55,295) $ (225,631)