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SEGMENT REPORTING - Segment Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 456,400 $ 348,284    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 575,393 192,274    
Servicing revenue, net 1,031,793 540,558    
Interest income 225,413 200,947    
Gain on originated residential mortgage loans, held-for-sale, net 471,996 403,448    
Total revenues 1,729,202 1,144,953    
Interest expense and warehouse line fees 138,833 118,905    
G&A and other 664,046 384,667    
Total operating expenses 802,879 503,572    
Change in fair value of investments (147,119) (239,788)    
Gain (loss) on settlement of investments, net 61,184 (11,992)    
Other income (loss), net 56,072 (9,613)    
Total other income (loss) (29,863) (261,393)    
Impairment 3,740 (19,607)    
Income Before Income Taxes 892,720 399,595    
Income tax expense (benefit) 202,789 98,259    
Net income (loss) 689,931 301,336    
Noncontrolling interests in income (loss) of consolidated subsidiaries 5,609 9,394    
Dividends on preferred stock 22,461 14,358    
Net income (loss) attributable to common stockholders - basic 661,861 277,584    
Investments 28,903,572      
Cash and cash equivalents 1,671,177      
Restricted cash 295,037      
Other assets 6,913,562      
Goodwill (Note 15) 85,199   $ 85,199  
Total assets 37,868,547   39,742,190  
Debt 27,105,196      
Other liabilities 3,578,639      
Total liabilities 30,683,835   33,072,810  
Total equity 7,184,712 5,621,813 6,669,380 $ 5,429,684
Noncontrolling interests in equity of consolidated subsidiaries [1] 62,078   65,348  
Total New Residential stockholders’ equity 7,122,634   6,604,032  
Investments in equity method investees 93,129      
Origination        
Segment Reporting Information [Line Items]        
Investments 4,967,437      
Cash and cash equivalents 609,337      
Restricted cash 47,166      
Other assets 869,977      
Goodwill (Note 15) 11,836   11,836  
Total assets 6,505,753      
Debt 4,795,869      
Other liabilities 503,738      
Total liabilities 5,299,607      
Total equity 1,206,146      
Noncontrolling interests in equity of consolidated subsidiaries 13,334      
Total New Residential stockholders’ equity 1,192,812      
Investments in equity method investees 0      
Servicing        
Segment Reporting Information [Line Items]        
Servicing revenue, net 846,375 366,904    
Investments 6,666,098      
Cash and cash equivalents 278,059      
Restricted cash 68,090      
Other assets 2,671,819      
Goodwill (Note 15) 12,540   12,540  
Total assets 9,696,606      
Debt 4,621,279      
Other liabilities 2,201,283      
Total liabilities 6,822,562      
Total equity 2,874,044      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 2,874,044      
Investments in equity method investees 0      
MSR Related Investments        
Segment Reporting Information [Line Items]        
Investments 2,835,711      
Cash and cash equivalents 269,187      
Restricted cash 62,224      
Other assets 2,143,253      
Goodwill (Note 15) 5,092   $ 5,092  
Total assets 5,315,467      
Debt 3,433,522      
Other liabilities 364,851      
Total liabilities 3,798,373      
Total equity 1,517,094      
Noncontrolling interests in equity of consolidated subsidiaries 9,999      
Total New Residential stockholders’ equity 1,507,095      
Investments in equity method investees 93,129      
Origination and Servicing        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 456,400 348,284    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 575,393 192,274    
Servicing revenue, net 1,031,793 540,558    
Interest income 82,426 49,309    
Gain on originated residential mortgage loans, held-for-sale, net 471,430 376,902    
Total revenues 1,585,649 966,769    
Interest expense and warehouse line fees 89,506 69,965    
G&A and other 589,548 335,654    
Total operating expenses 679,054 405,619    
Change in fair value of investments (1,441) (1,824)    
Gain (loss) on settlement of investments, net (2,514) (13,077)    
Other income (loss), net 31,919 8,535    
Total other income (loss) 27,964 (6,366)    
Impairment 0 0    
Income Before Income Taxes 934,559 554,784    
Income tax expense (benefit) 199,095 82,897    
Net income (loss) 735,464 471,887    
Noncontrolling interests in income (loss) of consolidated subsidiaries 635 4,833    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 734,829 467,054    
Investments 14,469,246      
Cash and cash equivalents 1,156,583      
Restricted cash 177,480      
Other assets 5,685,049      
Goodwill (Note 15) 29,468      
Total assets 21,517,826      
Debt 12,850,670      
Other liabilities 3,069,872      
Total liabilities 15,920,542      
Total equity 5,597,284      
Noncontrolling interests in equity of consolidated subsidiaries 23,333      
Total New Residential stockholders’ equity 5,573,951      
Investments in equity method investees 93,129      
Residential Securities, Properties and Loans | Real Estate Securities        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 0 0    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net 0 0    
Interest income 56,349 89,850    
Gain on originated residential mortgage loans, held-for-sale, net 0 13,398    
Total revenues 56,349 103,248    
Interest expense and warehouse line fees 9,029 15,720    
G&A and other 772 1,156    
Total operating expenses 9,801 16,876    
Change in fair value of investments (125,949) (292,134)    
Gain (loss) on settlement of investments, net 49,420 (28,356)    
Other income (loss), net (1,889) (1,686)    
Total other income (loss) (78,418) (322,176)    
Impairment 711 (894)    
Income Before Income Taxes (32,581) (234,910)    
Income tax expense (benefit) 0 0    
Net income (loss) (32,581) (234,910)    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic (32,581) (234,910)    
Investments 9,509,930      
Cash and cash equivalents 301,454      
Restricted cash 11,308      
Other assets 713,256      
Goodwill (Note 15) 0      
Total assets 10,535,948      
Debt 9,485,486      
Other liabilities 7,346      
Total liabilities 9,492,832      
Total equity 1,043,116      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 1,043,116      
Investments in equity method investees 0      
Residential Securities, Properties and Loans | Properties and Residential Mortgage Loans        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 0 0    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net 0 0    
Interest income 26,989 36,322    
Gain on originated residential mortgage loans, held-for-sale, net 566 13,148    
Total revenues 27,555 49,470    
Interest expense and warehouse line fees 20,868 21,276    
G&A and other 23,434 17,686    
Total operating expenses 44,302 38,962    
Change in fair value of investments (32,748) 60,174    
Gain (loss) on settlement of investments, net 44,912 29,441    
Other income (loss), net 17,345 (13,626)    
Total other income (loss) 29,509 75,989    
Impairment 3,029 (18,713)    
Income Before Income Taxes 9,733 105,210    
Income tax expense (benefit) 3,657 15,303    
Net income (loss) 6,076 89,907    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 6,076 89,907    
Investments 2,791,926      
Cash and cash equivalents 2,900      
Restricted cash 1,591      
Other assets 165,379      
Goodwill (Note 15) 0      
Total assets 2,961,796      
Debt 2,331,373      
Other liabilities 310,112      
Total liabilities 2,641,485      
Total equity 320,311      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 320,311      
Investments in equity method investees 0      
Consumer Loans        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 0 0    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net 0 0    
Interest income 18,933 25,466    
Gain on originated residential mortgage loans, held-for-sale, net 0 0    
Total revenues 18,933 25,466    
Interest expense and warehouse line fees 2,262 3,018    
G&A and other 2,254 3,036    
Total operating expenses 4,516 6,054    
Change in fair value of investments (13,733) (6,004)    
Gain (loss) on settlement of investments, net 0 0    
Other income (loss), net 8,772 (2,207)    
Total other income (loss) (4,961) (8,211)    
Impairment 0 0    
Income Before Income Taxes 9,456 11,201    
Income tax expense (benefit) 37 59    
Net income (loss) 9,419 11,142    
Noncontrolling interests in income (loss) of consolidated subsidiaries 4,974 4,561    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 4,445 6,581    
Investments 462,055      
Cash and cash equivalents 29,702      
Restricted cash 23,734      
Other assets 35,702      
Goodwill (Note 15) 0      
Total assets 551,193      
Debt 413,881      
Other liabilities 973      
Total liabilities 414,854      
Total equity 136,339      
Noncontrolling interests in equity of consolidated subsidiaries 38,745      
Total New Residential stockholders’ equity 97,594      
Investments in equity method investees 0      
Mortgage Loans Receivable        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 0 0    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net 0 0    
Interest income 34,277 0    
Gain on originated residential mortgage loans, held-for-sale, net 0 0    
Total revenues 34,277 0    
Interest expense and warehouse line fees 6,969 0    
G&A and other 16,408 0    
Total operating expenses 23,377 0    
Change in fair value of investments 26,752 0    
Gain (loss) on settlement of investments, net (30,634) 0    
Other income (loss), net 0 0    
Total other income (loss) (3,882) 0    
Impairment 0 0    
Income Before Income Taxes 7,018 0    
Income tax expense (benefit) 0 0    
Net income (loss) 7,018 0    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 7,018 0    
Investments 1,670,415      
Cash and cash equivalents 39,048      
Restricted cash 80,612      
Other assets 113,293      
Goodwill (Note 15) 55,731      
Total assets 1,959,099      
Debt 1,413,739      
Other liabilities 26,615      
Total liabilities 1,440,354      
Total equity 518,745      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity 518,745      
Investments in equity method investees 0      
Corporate        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 0 0    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net 0 0    
Interest income 6,439 0    
Gain on originated residential mortgage loans, held-for-sale, net 0 0    
Total revenues 6,439 0    
Interest expense and warehouse line fees 10,199 8,926    
G&A and other 31,630 27,135    
Total operating expenses 41,829 36,061    
Change in fair value of investments 0 0    
Gain (loss) on settlement of investments, net 0 0    
Other income (loss), net (75) (629)    
Total other income (loss) (75) (629)    
Impairment 0 0    
Income Before Income Taxes (35,465) (36,690)    
Income tax expense (benefit) 0 0    
Net income (loss) (35,465) (36,690)    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Dividends on preferred stock 22,461 14,358    
Net income (loss) attributable to common stockholders - basic (57,926) (51,048)    
Investments 0      
Cash and cash equivalents 141,490      
Restricted cash 312      
Other assets 200,883      
Goodwill (Note 15) 0      
Total assets 342,685      
Debt 610,047      
Other liabilities 163,721      
Total liabilities 773,768      
Total equity (431,083)      
Noncontrolling interests in equity of consolidated subsidiaries 0      
Total New Residential stockholders’ equity (431,083)      
Investments in equity method investees 0      
Operating | Origination        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables (653) (8,110)    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 0 0    
Servicing revenue, net (653) (8,110)    
Interest income 55,371 22,852    
Gain on originated residential mortgage loans, held-for-sale, net 407,269 384,423    
Total revenues 461,987 399,165    
Interest expense and warehouse line fees 29,435 18,063    
G&A and other 408,758 189,926    
Total operating expenses 438,193 207,989    
Change in fair value of investments 0 0    
Gain (loss) on settlement of investments, net 0 0    
Other income (loss), net 2,095 59    
Total other income (loss) 2,095 59    
Impairment 0 0    
Income Before Income Taxes 25,889 191,235    
Income tax expense (benefit) 6,516 36,386    
Net income (loss) 19,373 154,849    
Noncontrolling interests in income (loss) of consolidated subsidiaries 407 3,525    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 18,966 151,324    
Operating | Servicing        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 349,058 219,553    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 497,317 147,351    
Servicing revenue, net 846,375 366,904    
Interest income 11,353 4,873    
Gain on originated residential mortgage loans, held-for-sale, net 61,762 12,017    
Total revenues 919,490 383,794    
Interest expense and warehouse line fees 33,706 23,100    
G&A and other 124,780 90,607    
Total operating expenses 158,486 113,707    
Change in fair value of investments (32) 0    
Gain (loss) on settlement of investments, net (315) (665)    
Other income (loss), net 881 1,092    
Total other income (loss) 534 427    
Impairment 0 0    
Income Before Income Taxes 761,538 270,514    
Income tax expense (benefit) 161,116 33,674    
Net income (loss) 600,422 236,840    
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 600,422 236,840    
Operating | MSR Related Investments        
Segment Reporting Information [Line Items]        
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables 107,995 136,841    
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325) and $(339,670), respectively) 78,076 44,923    
Servicing revenue, net 186,071 181,764    
Interest income 15,702 21,584    
Gain on originated residential mortgage loans, held-for-sale, net 0 (8,031)    
Total revenues 201,773 195,317    
Interest expense and warehouse line fees 26,365 28,802    
G&A and other 56,010 55,121    
Total operating expenses 82,375 83,923    
Change in fair value of investments (1,409) (1,824)    
Gain (loss) on settlement of investments, net (2,199) (12,412)    
Other income (loss), net 28,943 7,384    
Total other income (loss) 25,335 (6,852)    
Impairment 0 0    
Income Before Income Taxes 144,733 104,542    
Income tax expense (benefit) 31,463 12,837    
Net income (loss) 113,270 91,705    
Noncontrolling interests in income (loss) of consolidated subsidiaries 228 1,308    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders - basic 113,042 90,397    
Eliminations | Origination and Servicing        
Segment Reporting Information [Line Items]        
Total revenues $ (2,400) $ (11,500)    
[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 March 31, 2022, and December 31, 2021, total assets of consolidated VIEs were $3.2 billion and $2.8 billion, respectively, and total liabilities of consolidated VIEs were $2.6 billion and $2.1 billion, respectively. See Note 20 for further details.