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FAIR VALUE OF FINANCIAL INSTRUMENTS - INVESTMENTS IN EQUITY METHOD INVESTEES LEVEL 3 (Details 4) (USD $)
In Thousands, unless otherwise specified
0 Months Ended 3 Months Ended 6 Months Ended
Apr. 02, 2013
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Contributions to equity method investees $ 250,000        
Distributions of earnings from equity method investees       (4,822)   
Change in fair value of investments in equity method investees   20,127    21,096   
Investments in equity method investees at fair value   183,153   183,153  
Recurring Basis | Level 3 Inputs
         
Investments in equity method investees at fair value           
Contributions to equity method investees       178,866  
Distributions of earnings from equity method investees       (4,822)  
Distributions of capital from equity method investees       (11,987)  
Change in fair value of investments in equity method investees       21,096  
Investments in equity method investees at fair value   $ 183,153 [1]   $ 183,153 [1]  
[1] (A) The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. Generally, New Residential does not receive an excess mortgage servicing amount on nonperforming loans.