INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Jan. 04, 2013	Jun. 30, 2013 Reverse Mortgage Loans	Feb. 27, 2013 Reverse Mortgage Loans	Dec. 31, 2012 Reverse Mortgage Loans
Percentage of Investment co-owned by Nationstar		33.00%		30.00%
Percentage of Investment owned by New Residential		67.00%		70.00%
Outstanding face amount			$ 56,730		$ 83,000
Residential mortgage loans, held-for-investment	$ 33,636			$ 35,000

Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of consumer loans, including, but not limited to, mortgage, home equity, vehicles, credit card, installment, and lease financing. Excludes loans and leases covered under loss sharing agreements.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5074-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=28367877&loc=d3e4428-111522

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5066-111524

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