INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AT FAIR VALUE (Details Narrative) (USD $) In Thousands, unless otherwise specified	0 Months Ended					0 Months Ended
	Dec. 13, 2011 MSRs Pool 1	Jun. 05, 2012 MSRs Pool 2	Jun. 29, 2012 MSRs Pool 3	Jun. 29, 2012 MSRs Pool 4	Jun. 29, 2012 MSRs Pool 5	Jun. 29, 2012 MSRs
Percentage of Investment co-owned by Nationstar	35.00%	35.00%				35.00%
Percentage of Investment owned by New Residential	65.00%	65.00%				65.00%
Amount invested	$ 44,000	$ 44,000				$ 176,500
Unpaid principal balance of underlying mortgage	$ 9,900,000	$ 10,400,000	$ 9,800,000	$ 6,300,000	$ 47,600,000	$ 63,700,000
Non-conforming loans in private label securitizations of portfolio (percent)						75.00%
Conforming loans in GSE pools of portfolio (percent)						25.00%