XML 102 R89.htm IDEA: XBRL DOCUMENT v3.22.0.1
SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]    
Outstanding Servicer Advances [1] $ 421,807 $ 538,056
Face amount of debt 29,273,486  
Corporate Joint Venture    
Investments in and Advances to Affiliates [Line Items]    
Outstanding Servicer Advances 369,440 449,150
Corporate Joint Venture | Servicer Advance Investments    
Investments in and Advances to Affiliates [Line Items]    
UPB of Underlying Mortgages 20,314,977 26,061,499
Outstanding Servicer Advances $ 369,440 $ 449,150
Servicer Advances to UPB of Underlying Residential Mortgage Loans 1.80% 1.70%
Face amount of debt $ 356,580 $ 423,144
Gross Loan-to-Value 91.40% 88.40%
Net Loan-to-Value 90.70% 88.60%
Gross Cost of Funds 1.30% 1.50%
Net Cost of Funds 1.20% 1.30%
[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (New Residential). As of December 31, 2021, and December 31, 2020, total assets of consolidated VIEs were $2.8 billion and $2.7 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $2.1 billion, respectively. See Note 15 for further details.