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MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Advances Included in Servicing Advances Receivable (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]    
Total [1] $ 390,770 $ 421,807
Servicer Advances Receivable    
Schedule of Equity Method Investments [Line Items]    
Principal and interest advances 569,109 562,418
Escrow advances (taxes and insurance advances) 1,410,276 1,523,154
Foreclosure advances 725,247 793,098
Total 2,704,632 2,878,670
Servicer advances receivable related to agency MSRs 506,000 593,000
Servicer advances receivable related to Ginnie Mae MSRS, recoverable from Ginnie Mae 172,100 212,900
Servicer advances, unamortized discount and accrual $ 52,400 $ 23,500
[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.