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MSR Transfers Not Qualifying for Sale Accounting - Schedule of Activity Related to Financing Liability - MSRs Pledged (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Servicing Assets at Fair Value [Line Items] |  |  |  |
Derecognition of Pledged MSR financing liability due to termination of PMC MSR Agreements |  |  | $ 0 | $ (263,344)
Financing Liability - MSRs Pledged |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Beginning balance, Financing Liability | $ 535,571 |  | 566,952 | 950,593
Sales | (132,003) |  | (132,003) | (226)
Changes in fair value | 61,329 |  | 71,273 | (13,736)
Runoff and settlement | (21,783) |  | (60,309) | (91,763)
Derecognition of Pledged MSR financing liability due to termination of PMC MSR Agreements |  |  |  | (263,664)
Calls | (4,213) |  | (7,012) | (3,895)
Ending balance, Financing Liability | 702,907 | $ 577,309 | 702,907 | 577,309
New Residential Investment Corp |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Changes in fair value | (63,762) | (12,202) | (73,706) | 13,736
MSR Asset Vehicle LLC |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Changes in fair value | 2,433 |  | 2,433 |
MSR Asset Vehicle LLC | Financing Liability - MSRs Pledged |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Beginning balance, Financing Liability | 0 |  | 0 |
Sales | (132,003) |  | (132,003) |
Changes in fair value | (2,433) |  | (2,433) |
Runoff and settlement | (683) |  | (683) |
Calls | 0 |  | 0 |
Ending balance, Financing Liability | 128,887 |  | 128,887 |
Original Rights to MSRs Agreements | New Residential Investment Corp |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Ending balance, Financing Liability | 574,020 |  | 574,020 |
Changes in fair value | (63,762) | (12,202) | (73,706) | (26,081)
Original Rights to MSRs Agreements | New Residential Investment Corp | Financing Liability - MSRs Pledged |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Beginning balance, Financing Liability | 535,571 | 582,558 | 566,952 | 603,046
Changes in fair value | 63,762 | 12,203 | 73,706 | 26,081
Runoff and settlement | (21,100) | (17,452) | (59,626) | (49,150)
Calls | (4,213) | 0 | (7,012) | (2,668)
Ending balance, Financing Liability | 574,020 | 577,309 | 574,020 | 577,309
Original Rights to MSRs Agreements | New Residential Investment Corp | Reclassification |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Changes in fair value |  | 1,800 |  | 7,600
2017 Agreements and New RMSR Agreements | New Residential Investment Corp | Financing Liability - MSRs Pledged |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Beginning balance, Financing Liability |  |  |  | 35,445
Changes in fair value |  |  |  | 903
Runoff and settlement |  |  |  | (35,121)
Calls |  |  |  | (1,227)
Ending balance, Financing Liability |  | 0 |  | 0
PMC MSR Agreements |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Changes in fair value | $ 0 | 0 | $ 0 | 40,720
PMC MSR Agreements | New Residential Investment Corp | Financing Liability - MSRs Pledged |  |  |  |
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 |  | $ 0

X
- 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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- 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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