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REAL ESTATE AND OTHER SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2022
USD ($)
security
bond
Dec. 31, 2021
USD ($)
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 25,301,502  
Carrying Value $ 7,988,802 $ 9,396,539
Weighted Average Life (Years) 1 year 3 months 18 days  
Investments $ 26,360,936  
Residual Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 17,600  
Non-Agency Bonds    
Debt Securities, Available-for-sale [Line Items]    
Investments 1,700  
AFS Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 83,820  
Gross Unrealized Gains 0  
Gross Unrealized Losses 0  
Carrying Value $ 81,515 98,367
Number of Securities | security 1  
Weighted Average Rating AAA  
Weighted Average Coupon 3.50%  
Weighted Average Yield 3.50%  
Weighted Average Life (Years) 4 years 4 months 24 days  
AFS Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 2,749,667  
Gross Unrealized Gains 71,903  
Gross Unrealized Losses (13,145)  
Carrying Value $ 445,358 522,416
Number of Securities | security 334  
Weighted Average Rating AA  
Weighted Average Coupon 3.40%  
Weighted Average Yield 3.30%  
Weighted Average Life (Years) 3 years 4 months 24 days  
Weighted Average Principal Subordination 26.60%  
FVO Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 7,913,166  
Gross Unrealized Gains 66  
Gross Unrealized Losses (1,155,303)  
Carrying Value $ 6,982,553 8,346,230
Number of Securities | security 39  
Weighted Average Rating AAA  
Weighted Average Coupon 2.20%  
Weighted Average Yield 2.20%  
Weighted Average Life (Years) 9 years 7 months 6 days  
FVO Non-Agency    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 14,554,849  
Gross Unrealized Gains 26,369  
Gross Unrealized Losses (82,251)  
Carrying Value $ 479,376 429,526
Number of Securities | security 319  
Weighted Average Rating AA+  
Weighted Average Coupon 2.30%  
Weighted Average Yield 4.40%  
Weighted Average Life (Years) 3 years 10 months 24 days  
Weighted Average Principal Subordination 20.30%  
Investments in Real Estate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 25,301,502  
Gross Unrealized Gains 98,338  
Gross Unrealized Losses (1,250,699)  
Carrying Value $ 7,988,802 $ 9,396,539
Number of Securities | security 693  
Weighted Average Rating AAA  
Weighted Average Coupon 2.25%  
Weighted Average Yield 2.37%  
Weighted Average Life (Years) 9 years  
Bonds    
Debt Securities, Available-for-sale [Line Items]    
Carrying Value $ 337,000  
Number of bonds which New Residential was unable to obtain rating information | bond 311  
Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 7,996,986  
Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 8,000,000  
Non-Agency RMBS    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 17,304,516  
Non-Agency RMBS | Fixed Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 8,800,000  
Residual and interest - only notional amount 8,000,000  
Non-Agency RMBS | Floating Rate Securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 8,500,000  
Residual and interest - only notional amount 8,200,000  
Corporate debt    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount 414  
Gross Unrealized Gains 0  
Gross Unrealized Losses 0  
Carrying Value $ 355  
Number of Securities | security 1  
Weighted Average Rating B-  
Weighted Average Coupon 8.30%  
Weighted Average Yield 8.30%  
Weighted Average Life (Years) 2 years 9 months 18 days  
Consumer loans    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 1,065  
Gross Unrealized Gains 972  
Gross Unrealized Losses 0  
Carrying Value $ 1,395  
Number of Securities | security 3  
Weighted Average Life (Years) 0 years  
Interest-only securities    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 8,660,811  
Gross Unrealized Gains 9,307  
Gross Unrealized Losses (43,281)  
Carrying Value $ 147,210  
Number of Securities | security 135  
Weighted Average Rating AA+  
Weighted Average Coupon 1.00%  
Weighted Average Yield 2.60%  
Weighted Average Life (Years) 2 years 3 months 18 days  
Servicing strips    
Debt Securities, Available-for-sale [Line Items]    
Outstanding Face Amount $ 4,576,372  
Gross Unrealized Gains 8,609  
Gross Unrealized Losses (8,817)  
Carrying Value $ 53,667  
Number of Securities | security 61  
Weighted Average Coupon 1.10%  
Weighted Average Yield 12.20%  
Weighted Average Life (Years) 2 years 6 months