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SEGMENT REPORTING (Details) (USD $)
In Thousands, unless otherwise specified
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Interest income $ 1,260 $ 26,492 $ 21,885 $ 22,999 $ 16,191 $ 14,948 $ 12,295 $ 4,479 $ 2,037 $ 87,567 [1] $ 33,759
Interest expense   8,031 3,443 2,651 899 406 298     15,024 [1] 704
Net interest income 1,260 18,461 18,442 20,348 15,292 14,542 11,997 4,479 2,037 72,543 [1] 33,055
Impairment   1,698   3,756           5,454 [1]  
Other income 367 83,804 [2] 56,195 [2] 98,182 [2] 2,827 [2] 10,910 [2] 1,774 [2] 3,523 [2] 1,216 [2] 241,008 [1],[2] 17,423 [2]
Operating expenses 913 20,386 11,492 5,552 5,044 5,135 2,003 1,528 565 42,474 [1] 9,231
Income (Loss) before Income Taxes 714 80,181 63,145 109,222 13,075         265,623 [1] 41,247
Net Income (Loss) 714 80,181 63,145 109,222 13,075 20,317 11,768 6,474 2,688 265,623 [1] 41,247
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries   (326)               (326) [1]  
Net income attributable to common shareholders 714 80,507 63,145 109,222 13,075         265,949 [1] 41,247
Investments   5,564,258       534,792       5,564,258 534,792
Cash and restricted cash   305,332               305,332  
Derivative assets   35,926 [3]               35,926 [3]  
Other assets   53,142 [3]       84       53,142 [3] 84
Total assets 43,971 5,958,658 [3]       534,876       5,958,658 [3] 534,876
Debt   4,109,329       150,922       4,109,329 150,922
Other liabilities   336,254       5,598       336,254 5,598
Total liabilities 4,163 4,445,583 [3]       156,520       4,445,583 [3] 156,520
Total Equity 39,808 1,513,075 [3]       378,356       1,513,075 [3] 378,356
Noncontrolling interests in equity of consolidated subsidiaries   247,225 [3]               247,225 [3]  
Total New Residential stockholders' equity 39,808 1,265,850 [3]       378,356       1,265,850 [3] 378,356
Investments in equity method investees at fair value   567,828               567,828  
Excess MSRs
                     
Interest income 1,260                 40,921 27,496
Net interest income 1,260                 40,921 27,496
Other income 367                 103,675 17,423
Operating expenses 809                 215 5,449
Income (Loss) before Income Taxes 818                 144,381 39,470
Net Income (Loss) 818                 144,381 39,470
Net income attributable to common shareholders 818                 144,381 39,470
Investments   676,917       245,036       676,917 245,036
Other assets   2       32       2 32
Total assets 43,971 676,919       245,068       676,919 245,068
Other liabilities   80       174       80 174
Total liabilities   80       174       80 174
Total Equity   676,839       244,894       676,839 244,894
Total New Residential stockholders' equity   679,839       244,894       679,839 244,894
Investments in equity method investees at fair value   352,766               352,766  
Servicer Advances
                     
Interest income                   4,421  
Interest expense                   3,901  
Net interest income                   520  
Operating expenses                   2,077  
Income (Loss) before Income Taxes                   (1,557)  
Net Income (Loss)                   (1,557)  
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries                   (326)  
Net income attributable to common shareholders                   (1,231)  
Investments   2,665,551               2,665,551  
Cash and restricted cash   85,243               85,243  
Other assets   7,062               7,062  
Total assets   2,757,856               2,757,856  
Debt   2,390,778               2,390,778  
Other liabilities   4,271               4,271  
Total liabilities   2,395,049               2,395,049  
Total Equity   362,807               362,807  
Noncontrolling interests in equity of consolidated subsidiaries   247,225               247,225  
Total New Residential stockholders' equity   115,582               115,582  
Real Estate Securities
                     
Interest income                   39,533 6,263
Interest expense                   10,876 704
Net interest income                   28,657 5,559
Impairment                   4,993  
Other income                   52,645  
Operating expenses                   312  
Income (Loss) before Income Taxes                   75,997 5,559
Net Income (Loss)                   75,997 5,559
Net income attributable to common shareholders                   75,997 5,559
Investments   1,973,189       289,756       1,973,189 289,756
Cash and restricted cash   51,627               51,627  
Derivative assets   1,452               1,452  
Other assets   44,848       52       44,848 52
Total assets   2,071,116       289,808       2,071,116 289,808
Debt   1,620,711       150,922       1,620,711 150,922
Other liabilities   215,159       56       215,159 56
Total liabilities   1,835,870       150,978       1,835,870 150,978
Total Equity   235,246       138,830       235,246 138,830
Total New Residential stockholders' equity   235,246       138,830       235,246 138,830
Loans
                     
Interest income                   2,650  
Net interest income                   2,650  
Impairment                   461  
Other income                   1,832  
Operating expenses                   357  
Income (Loss) before Income Taxes                   3,664  
Net Income (Loss)                   3,664  
Net income attributable to common shareholders                   3,664  
Investments   33,539               33,539  
Cash and restricted cash   22,840               22,840  
Derivative assets   34,474               34,474  
Total assets   90,853               90,853  
Debt   22,840               22,840  
Other liabilities   32,553               32,553  
Total liabilities   55,393               55,393  
Total Equity   35,460               35,460  
Total New Residential stockholders' equity   35,460               35,460  
Consumer Loans
                     
Other income                   82,856  
Operating expenses                   2,076  
Income (Loss) before Income Taxes                   80,780  
Net Income (Loss)                   80,780  
Net income attributable to common shareholders                   80,780  
Investments   215,062               215,062  
Total assets   215,062               215,062  
Other liabilities   33               33  
Total liabilities   33               33  
Total Equity   215,029               215,029  
Total New Residential stockholders' equity   215,029               215,029  
Investments in equity method investees at fair value   215,062               215,062  
Corporate
                     
Interest income                   42  
Interest expense                   247  
Net interest income                   (205)  
Operating expenses 104                 37,437 3,782
Income (Loss) before Income Taxes (104)                 (37,642) (3,782)
Net Income (Loss) (104)                 (37,642) (3,782)
Net income attributable to common shareholders (104)                 (37,642) (3,782)
Cash and restricted cash   145,622               145,622  
Other assets   1,230               1,230  
Total assets   146,852               146,852  
Debt   75,000               75,000  
Other liabilities   84,158       5,368       84,158 5,368
Total liabilities   159,158       5,368       159,158 5,368
Total Equity   (12,306)       (5,368)       (12,306) (5,368)
Total New Residential stockholders' equity   $ (12,306)       $ (5,368)       $ (12,306) $ (5,368)
[1] Represents our historical consolidated statement of income for the year ended December 31, 2013.
[2] Earnings from investments in equity method investees is included in other income.
[3] Represents our historical consolidated balance sheet at December 31, 2013.