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Rights to MSRs (Tables)
 12 Months Ended
Dec. 31, 2018
Transfers and Servicing [Abstract]  
Schedule of Interest Expense Related to Financial Liability
The following table presents the assets and liabilities recorded on our consolidated balance sheets as well as the impacts to our consolidated statements of operations in connection with our NRZ agreements.
 
Years Ended December 31,
 
2018
 
2017
 
2016
Balance Sheets
 
 
 
 
 
MSRs, at fair value
$
894,002

 
$
499,042

 
$
477,707

Due from NRZ
25,196

 
14,924

 
21,873

Due to NRZ (1)
53,001

 
98,493

 
83,248

Financing liability - MSRs pledged, at fair value
1,032,856

 
508,291

 
477,707

 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
Servicing fees collected on behalf of NRZ
$
539,039

 
$
549,411

 
$
633,545

Less: Subservicing fee retained
142,334

 
295,192

 
337,727

Net servicing fees remitted to NRZ
396,705

 
254,219

 
295,818

Less: Reduction (increase) in financing liability
 
 
 
 
 
Changes in fair value:
 
 
 
 
 
Original Rights to MSRs Agreements
171

 
(83,300
)
 
(2,580
)
2017 Agreements and New RMSR Agreements
14,369

 
42,018

 
—

PHH MSR Agreements
4,729

 
—

 
—

 
19,269

 
(41,282
)
 
(2,580
)
Runoff, settlement and other:
 
 
 
 
 
Original Rights to MSRs Agreements
50,620

 
57,264

 
63,997

2017 Agreements and New RMSR Agreements
136,700

 
1,926

 
—

PHH MSR Agreements
18,446

 
—

 
—

 
205,766

 
59,190

 
63,997

 
 
 
 
 
 
Interest expense
$
171,670

 
$
236,311

 
$
234,401


(1)
Amounts collected on behalf of NRZ for advances and servicing fees.