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Rights to MSRs - Schedule of Activity Related to Financing Liability - MSRs Pledged (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Servicing Assets at Fair Value [Line Items] |  |
Beginning balance, Financing Liability |  | $ 950,593
Sales |  | (226)
Derecognition of Pledged MSR financing liability due to termination of PMC MSR Agreements | $ 0 | (263,344)
Ending balance, Financing Liability |  | 601,684
New Residential Investment Corp |  |
Servicing Assets at Fair Value [Line Items] |  |
Changes in fair value | (1,551) | 32,749
Original Rights to MSRs Agreements |  |
Servicing Assets at Fair Value [Line Items] |  |
Beginning balance, Financing Liability | 566,952 | 603,046
Changes in fair value | 1,551 | 7,068
Runoff and settlement | (17,616) | (15,741)
Calls | (523) | (2,668)
Ending balance, Financing Liability | 550,364 | 591,705
Original Rights to MSRs Agreements | New Residential Investment Corp |  |
Servicing Assets at Fair Value [Line Items] |  |
Changes in fair value | (1,551) | (7,068)
Original Rights to MSRs Agreements | New Residential Investment Corp | Reclassification |  |
Servicing Assets at Fair Value [Line Items] |  |
Changes in fair value |  | 2,000
2017 Agreements and New RMSR Agreements |  |
Servicing Assets at Fair Value [Line Items] |  |
Beginning balance, Financing Liability |  | 35,445
Changes in fair value |  | 903
Runoff and settlement |  | (25,142)
Calls |  | (1,227)
Ending balance, Financing Liability |  | 9,979
PMC MSR Agreements |  |
Servicing Assets at Fair Value [Line Items] |  |
Beginning balance, Financing Liability |  | 312,102
Sales |  | (226)
Changes in fair value |  | (40,720)
Runoff and settlement |  | (7,492)
Derecognition of Pledged MSR financing liability due to termination of PMC MSR Agreements |  | (263,664)
Ending balance, Financing Liability |  | 0
Changes in fair value | $ 0 | $ 40,720

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- Definition This represents the amount of liability arose in connection with sales proceeds received in 2012 and 2013 as part of the Rights to MSRs transactions with NRZ/HLSS and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs. + References No definition available. + Details
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Balance Type: | credit
Period Type: | instant

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- Definition Represents the amount of decrease in liability balance in connection with clean-up call rights exercised by NRZ. + References No definition available. + Details
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Data Type: | xbrli:monetaryItemType
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- Definition This represents the increase (decrease) in the valuation which is realized on a transfer, accounted for as financing, of a portion of servicing assets and reflects the amount of sales proceeds in excess of the sum of the carrying amounts of transferred financial assets. + References No definition available. + Details
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- Definition This represents the decrease in the value of financing liability due to portfolio runoff, settlements and other. + References No definition available. + Details
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- Definition Servicing Asset At Fair Value, Pledged Financing Liability, Derecognition + References No definition available. + Details
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- Definition Servicing asset at fair value sales. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
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