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FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Non-Agency RMBS          
Gain (loss) included in net income          
Gain (loss) on settlement of investments, net $ (100) $ (7,700) $ (1,600) $ (28,200)  
Excess MSRs in Equity Method Investees          
Purchases, sales and repayments          
Rithm Capital’s percentage ownership 50.00%   50.00%   50.00%
Recurring Basis | Level 3          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     $ 13,425,847    
Transfers          
Transfers from Level 3     (1,431,712)    
Transfers to Level 3     306,222    
Gain (loss) included in net income          
Reversal for credit losses on securities     (920)    
Change in fair value of excess MSRs     (5,422)    
Change in fair value of excess MSRs, equity method investees     (1,964)    
Included in servicing revenue     985,135    
Servicer advance investments     (2,828)    
Residential mortgage loans     (174,196)    
Consumer loans     (26,774)    
Gain (loss) on settlement of investments, net     (45,324)    
Other income (loss), net     (251,908)    
Gains (losses) included in other comprehensive income     (34,929)    
Interest income     66,839    
Purchases, sales and repayments          
Purchases, net     2,783,483    
Proceeds from sales     (1,914,322)    
Proceeds from repayments     (2,438,018)    
Originations and other     2,578,695    
Balance, ending $ 13,817,904   13,817,904    
Recurring Basis | Level 3 | Servicer Advance Investments          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     421,807    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     (2,828)    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     0    
Gains (losses) included in other comprehensive income     0    
Interest income     7,371    
Purchases, sales and repayments          
Purchases, net     744,671    
Proceeds from sales        
Proceeds from repayments     (799,603)    
Originations and other     0    
Balance, ending 371,418   371,418    
Recurring Basis | Level 3 | Excess MSRs          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     344,947    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     (5,422)    
Change in fair value of excess MSRs, equity method investees     (1,964)    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     104    
Other income (loss), net     (66)    
Gains (losses) included in other comprehensive income     0    
Interest income     28,017    
Purchases, sales and repayments          
Purchases, net     0    
Proceeds from sales     (997)    
Proceeds from repayments     (42,451)    
Originations and other     0    
Balance, ending 322,168   322,168    
Recurring Basis | Level 3 | MSRs and MSR Financing Receivables          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     6,858,803    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     985,135    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     0    
Gains (losses) included in other comprehensive income     0    
Interest income     0    
Purchases, sales and repayments          
Purchases, net     (250)    
Proceeds from sales     (8,149)    
Proceeds from repayments     0    
Originations and other     1,059,535    
Balance, ending 8,895,074   8,895,074    
Recurring Basis | Level 3 | Non-Agency RMBS          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     951,942    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     (920)    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     (1,560)    
Other income (loss), net     (30,254)    
Gains (losses) included in other comprehensive income     (34,929)    
Interest income     10,010    
Purchases, sales and repayments          
Purchases, net     217,660    
Proceeds from sales     (11,960)    
Proceeds from repayments     (160,941)    
Originations and other     0    
Balance, ending 939,048   939,048    
Recurring Basis | Level 3 | Derivatives          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     111,778    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     (154,644)    
Gains (losses) included in other comprehensive income     0    
Interest income     0    
Purchases, sales and repayments          
Purchases, net     0    
Proceeds from sales     0    
Proceeds from repayments     0    
Originations and other     0    
Balance, ending (42,866)   (42,866)    
Recurring Basis | Level 3 | Properties and Residential Mortgage Loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     2,423,337    
Transfers          
Transfers from Level 3     (1,004,907)    
Transfers to Level 3     306,222    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     (174,196)    
Consumer loans     0    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     (35,041)    
Gains (losses) included in other comprehensive income     0    
Interest income     0    
Purchases, sales and repayments          
Purchases, net     1,790,332    
Proceeds from sales     (1,893,216)    
Proceeds from repayments     (238,676)    
Originations and other     (3,897)    
Balance, ending 1,169,958   1,169,958    
Recurring Basis | Level 3 | Consumer Loans          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     507,291    
Transfers          
Transfers from Level 3     0    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Consumer loans     (26,774)    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     0    
Gains (losses) included in other comprehensive income     0    
Interest income     10,960    
Purchases, sales and repayments          
Purchases, net     22,070    
Proceeds from sales     0    
Proceeds from repayments     (119,948)    
Originations and other     0    
Balance, ending 393,599   393,599    
Recurring Basis | Level 3 | Notes and Loans Receivable          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     290,180    
Transfers          
Transfers from Level 3     (1,000)    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     0    
Other income (loss), net     (31,903)    
Gains (losses) included in other comprehensive income     0    
Interest income     10,481    
Purchases, sales and repayments          
Purchases, net     9,000    
Proceeds from sales     0    
Proceeds from repayments     (77,255)    
Originations and other     0    
Balance, ending 199,503   199,503    
Recurring Basis | Level 3 | Mortgage Loans Receivable          
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Balance, beginning     1,515,762    
Transfers          
Transfers from Level 3     (425,805)    
Transfers to Level 3     0    
Gain (loss) included in net income          
Reversal for credit losses on securities     0    
Change in fair value of excess MSRs     0    
Change in fair value of excess MSRs, equity method investees     0    
Included in servicing revenue     0    
Servicer advance investments     0    
Residential mortgage loans     0    
Consumer loans     0    
Gain (loss) on settlement of investments, net     (43,868)    
Other income (loss), net     0    
Gains (losses) included in other comprehensive income     0    
Interest income     0    
Purchases, sales and repayments          
Proceeds from sales     0    
Proceeds from repayments     (999,144)    
Originations and other     1,523,057    
Balance, ending $ 1,570,002   $ 1,570,002