FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Gains (losses) included in net income
Included in gain on settlement of investments, net	$ 35,487		$ 52,657
Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,948,819		534,792
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	(927)	[1]	(978)	[1]
Included in change in fair value of investments in excess mortgage servicing rights	41,615	[1]	53,332	[1]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	57,280	[1]	50,343	[1]
Included in change in fair value of investments in servicer advances	84,217		0
Included in gain on settlement of investments, net	66,205		52,657
Included in other income	2,344	[1]	1,820	[1]
Gains (losses) included in other comprehensive income, net of tax	8,819	[2]	(11,604)	[2]
Interest income	257,099		65,898
Purchases, sales and repayments
Purchases	8,419,913		4,046,800
Purchase adjustments			0
Proceeds from sales	(1,314,220)		(521,865)
Proceeds from repayments	(6,780,722)		(322,376)
Settlements	(15,592)	[3]	0	[3]
Balance, ending	4,774,849		3,948,819
Recurring Basis [Member] | Level 3 [Member] | Linked Transactions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	35,926		0
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1]	0	[1]
Included in change in fair value of investments in excess mortgage servicing rights	0	[1]	0	[1]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[1]	0	[1]
Included in change in fair value of investments in servicer advances	0		0
Included in gain on settlement of investments, net	5,652		0
Included in other income	1,187	[1]	1,820	[1]
Gains (losses) included in other comprehensive income, net of tax	0	[2]	0	[2]
Interest income	0		0
Purchases, sales and repayments
Purchases	39,538		34,106
Purchase adjustments			0
Proceeds from sales	(25,240)		0
Proceeds from repayments	(9,069)		0
Settlements	(15,592)	[3]	0	[3]
Balance, ending	32,402		35,926
Recurring Basis [Member] | Level 3 [Member] | Non-Agency RMBS [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	570,425		289,756
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	(927)	[1]	(978)	[1]
Included in change in fair value of investments in excess mortgage servicing rights	0	[1]	0	[1]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[1]	0	[1]
Included in change in fair value of investments in servicer advances	0		0
Included in gain on settlement of investments, net	60,553		52,657
Included in other income	0	[1]	0	[1]
Gains (losses) included in other comprehensive income, net of tax	8,819	[2]	(11,604)	[2]
Interest income	17,713		20,556
Purchases, sales and repayments
Purchases	1,455,996		825,871
Purchase adjustments			0
Proceeds from sales	(1,288,980)		(521,865)
Proceeds from repayments	(100,599)		(83,968)
Settlements	0	[3]	0	[3]
Balance, ending	723,000		570,425
Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	2,665,551		0
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1]	0	[1]
Included in change in fair value of investments in excess mortgage servicing rights	0	[1]	0	[1]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[1]	0	[1]
Included in change in fair value of investments in servicer advances	84,217		0
Included in gain on settlement of investments, net	0		0
Included in other income	0	[1]	0	[1]
Gains (losses) included in other comprehensive income, net of tax	0	[2]	0	[2]
Interest income	190,206		4,421
Purchases, sales and repayments
Purchases	6,830,266		2,764,524
Purchase adjustments			0
Proceeds from sales	0		0
Proceeds from repayments	(6,499,401)		(103,394)
Settlements	0	[3]	0	[3]
Balance, ending	3,270,839		2,665,551
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	144,660	[4]	130,702	[4]
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1],[4]	0	[1],[4]
Included in change in fair value of investments in excess mortgage servicing rights	24,265	[1],[4]	32,660	[1],[4]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[1],[4]	0	[1],[4]
Included in change in fair value of investments in servicer advances	0	[4]	0	[4]
Included in gain on settlement of investments, net	0	[4]	0	[4]
Included in other income	1,157	[1],[4]	0	[1],[4]
Gains (losses) included in other comprehensive income, net of tax	0	[2],[4]	0	[2],[4]
Interest income	22,451	[4]	19,416	[4]
Purchases, sales and repayments
Purchases	66,197	[4]	2,391	[4]
Purchase adjustments			0	[4]
Proceeds from sales	0	[4]	0	[4]
Proceeds from repayments	(41,211)	[4]	(40,509)	[4]
Settlements	0	[3],[4]	0	[3],[4]
Balance, ending	217,519	[4]	144,660	[4]
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning			0	[4],[5]
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	179,491	[4]	114,334	[4]
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1],[4]	0	[1],[4]
Included in change in fair value of investments in excess mortgage servicing rights	17,350	[1],[4]	20,672	[1],[4]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[1],[4]	0	[1],[4]
Included in change in fair value of investments in servicer advances	0	[4]	0	[4]
Included in gain on settlement of investments, net	0	[4]	0	[4]
Included in other income	0	[1],[4]	0	[1],[4]
Gains (losses) included in other comprehensive income, net of tax	0	[2],[4]	0	[2],[4]
Interest income	26,729	[4]	21,505	[4]
Purchases, sales and repayments
Purchases	27,916	[4]	61,043	[4]
Purchase adjustments			0	[4]
Proceeds from sales	0	[4]	0	[4]
Proceeds from repayments	(51,272)	[4]	(38,063)	[4]
Settlements	0	[3],[4]	0	[3],[4]
Balance, ending	200,214	[4]	179,491	[4]
Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	107,367	[4],[5]	0	[4],[5]
Transfers from Level 3	0		0
Transfers to Level 3	0		0
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1],[4],[5]	0	[1],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights	0	[1],[4],[5]	0	[1],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	17,160	[1],[4],[5]	2,850	[1],[4],[5]
Included in change in fair value of investments in servicer advances	0	[4],[5]	0	[4],[5]
Included in gain on settlement of investments, net	0	[4],[5]	0	[4],[5]
Included in other income	0	[1],[4],[5]	0	[1],[4],[5]
Gains (losses) included in other comprehensive income, net of tax	0	[2],[4],[5]	0	[2],[4],[5]
Interest income	0	[4],[5]	0	[4],[5]
Purchases, sales and repayments
Purchases	0	[4],[5]	114,715	[4],[5]
Purchase adjustments			0	[4],[5]
Proceeds from sales	0	[4],[5]	0	[4],[5]
Proceeds from repayments	(26,269)	[4],[5]	(10,198)	[4],[5]
Settlements	0	[3],[4],[5]	0	[3],[4],[5]
Balance, ending	98,258	[4],[5]	107,367	[4],[5]
MSRs Agency [Member] | Recurring Basis [Member] | Level 3 [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	245,399	[4],[5]
Gains (losses) included in net income
Included in other-than-temporary impairment (“OTTI”) on securities	0	[1],[4],[5]	0	[1],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights	0	[1],[4],[5]	0	[1],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	40,120	[1],[4],[5]	47,493	[1],[4],[5]
Included in change in fair value of investments in servicer advances	0	[4],[5]	0	[4],[5]
Included in gain on settlement of investments, net	0	[4],[5]	0	[4],[5]
Included in other income	0	[1],[4],[5]	0	[1],[4],[5]
Gains (losses) included in other comprehensive income, net of tax	0	[2],[4],[5]	0	[2],[4],[5]
Interest income	0	[4],[5]	0	[4],[5]
Purchases, sales and repayments
Purchases	0	[4],[5]	244,150	[4],[5]
Purchase adjustments			0	[4],[5]
Proceeds from sales	0	[4],[5]	0	[4],[5]
Proceeds from repayments	(52,901)	[4],[5]	(46,244)	[4],[5]
Settlements	0	[3],[4],[5]	0	[3],[4],[5]
Balance, ending	$ 232,618	[4],[5]	$ 245,399	[4],[5]

[1] The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates.

[2] These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income.

[3] Includes value of 1) residential mortgage loans transferred to REO net of associated repurchase financing agreements, and 2) residential mortgage loans no longer treated as linked transactions due to repayment of associated repurchase financing.

[4] Includes the Recapture Agreement for each respective pool.

[5] Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.