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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Apr. 02, 2013
Jan. 04, 2013
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%  
Unpaid principal balance of underlying reverse mortgage loans   $ 4,200,000     $ 83,000
Residential mortgage loans, held-for-investment $ 33,060 [1]     $ 35,000  
[1] Represents our historical consolidated balance sheet at September 30, 2013.