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SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments in and Advances to Affiliates [Line Items]    
Outstanding Servicer Advances [1] $ 390,770 $ 421,807
Face Amount of Secured Notes and Bonds Payable 26,587,493  
Servicer Advance Investments | Servicer Advances    
Investments in and Advances to Affiliates [Line Items]    
Residential mortgage loan UPB and other collateral 19,171,537 20,314,977
Outstanding Servicer Advances $ 354,566 $ 369,440
Servicer Advances to UPB of Underlying Residential Mortgage Loans 1.80% 1.80%
Face Amount of Secured Notes and Bonds Payable $ 329,437 $ 356,580
Gross Loan-to-Value 92.80% 91.40%
Net Loan-to-Value 92.00% 90.70%
Gross Cost of Funds 1.20% 1.30%
Net Cost of Funds 1.20% 1.20%
[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.