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REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2021
USD ($)
security
bond
Dec. 31, 2020
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 30,726,412  
Carrying Value $ 14,956,889 $ 14,244,558
Weighted Average Life (Years) 10 months 24 days  
Investments $ 29,195,843  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 343,200  
Number of bonds which New Residential was unable to obtain rating information | bond 288  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments $ 29,200  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 2,700  
AFS Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 101,533  
Amortized Cost Basis 101,296  
Gross Unrealized Gains 10,481  
Gross Unrealized Losses 0  
Carrying Value $ 111,777 121,761
Number of Securities | security 1  
Weighted Average Rating AAA  
Weighted Average Coupon 3.50%  
Weighted Average Yield 3.50%  
Weighted Average Life (Years) 6 years 4 months 24 days  
AFS Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 3,212,188  
Amortized Cost Basis 509,394  
Gross Unrealized Gains 73,576  
Gross Unrealized Losses (1,050)  
Carrying Value $ 581,920 752,003
Number of Securities | security 342  
Weighted Average Rating AA  
Weighted Average Coupon 3.22%  
Weighted Average Yield 3.00%  
Weighted Average Life (Years) 3 years 3 months 18 days  
Weighted Average Principal Subordination 24.30%  
FVO Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 13,600,133  
Amortized Cost Basis 14,056,893  
Gross Unrealized Gains 6,466  
Gross Unrealized Losses (221,418)  
Carrying Value $ 13,841,941 12,941,873
Number of Securities | security 60  
Weighted Average Rating AAA  
Weighted Average Coupon 2.13%  
Weighted Average Yield 2.13%  
Weighted Average Life (Years) 7 years 1 month 6 days  
FVO Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 13,812,558  
Amortized Cost Basis 428,719  
Gross Unrealized Gains 32,397  
Gross Unrealized Losses (39,865)  
Carrying Value $ 421,251 428,921
Number of Securities | security 236  
Weighted Average Rating AA+  
Weighted Average Coupon 2.11%  
Weighted Average Yield 4.06%  
Weighted Average Life (Years) 2 years 10 months 24 days  
Weighted Average Principal Subordination 21.80%  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 13,701,666  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 13,700,000  
Non-Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 17,024,746  
Non-Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 10,600,000  
Residual and interest - only notional amount 9,700,000  
Non-Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 6,400,000  
Residual and interest - only notional amount 6,300,000  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 30,726,412  
Amortized Cost Basis 15,096,302  
Gross Unrealized Gains 122,920  
Gross Unrealized Losses (262,333)  
Carrying Value $ 14,956,889 $ 14,244,558
Number of Securities | security 639  
Weighted Average Rating AAA  
Weighted Average Coupon 2.24%  
Weighted Average Yield 3.09%  
Weighted Average Life (Years) 4 years 9 months 18 days  
Corporate debt    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 500  
Amortized Cost Basis 500  
Gross Unrealized Gains 20  
Gross Unrealized Losses 0  
Carrying Value $ 520  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.30%  
Weighted Average Yield 8.30%  
Weighted Average Life (Years) 3 years 9 months 18 days  
Consumer loan bonds    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 12,356  
Amortized Cost Basis 13,421  
Gross Unrealized Gains 1,013  
Gross Unrealized Losses 0  
Carrying Value $ 14,433  
Number of Securities | security 6  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 8,009,249  
Amortized Cost Basis 214,753  
Gross Unrealized Gains 10,900  
Gross Unrealized Losses (34,670)  
Carrying Value $ 190,983  
Number of Securities | security 122  
Weighted Average Rating AA+  
Weighted Average Coupon 1.30%  
Weighted Average Yield 0.80%  
Weighted Average Life (Years) 2 years  
Servicing strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 4,585,044  
Amortized Cost Basis 57,144  
Gross Unrealized Gains 6,992  
Gross Unrealized Losses (5,172)  
Carrying Value $ 58,964  
Number of Securities | security 57  
Weighted Average Coupon 1.60%  
Weighted Average Yield 17.20%  
Weighted Average Life (Years) 3 years 2 months 12 days