INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 417,733		$ 324,151
Weighted Average Life (Years)	10 months 28 days		3 years 8 months 12 days	[1]
Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	146,257,821		173,619,478
New Residential Interest in Investees	50.00%		50.00%
Amortized Cost Basis	552,310	[2]	649,717	[2]
Carrying Value	653,293	[3]	703,681	[3]
Weighted Average Life (Years)	6 years 3 months 25 days	[4]	6 years 3 months 4 days	[4]
Agency [Member] | Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	87,584,677		104,728,969
Amortized Cost Basis	366,201	[2]	430,003	[2]
Carrying Value	456,815	[3]	488,461	[3]
Weighted Average Life (Years)	6 years 8 months 9 days	[4]	6 years 5 months 13 days	[4]
Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	87,584,677		104,728,969
Investee Interest in Excess MSR	66.70%	[5]	66.70%	[5]
New Residential Interest in Investees	50.00%		50.00%
Amortized Cost Basis	299,065	[2]	341,006	[2]
Carrying Value	370,059	[3]	384,183	[3]
Weighted Average Life (Years)	5 years 6 months 21 days	[4]	5 years 22 days	[4]
Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	0		0
Investee Interest in Excess MSR	66.70%	[5]	66.70%	[5]
New Residential Interest in Investees	50.00%		50.00%
Amortized Cost Basis	67,136	[2]	88,997	[2]
Carrying Value	86,756	[3]	104,278	[3]
Weighted Average Life (Years)	11 years 8 months 27 days	[4]	11 years 9 months 10 days	[4]
Non-Agency [Member] | Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	58,673,144	[6]	68,890,509	[6]
Amortized Cost Basis	186,109	[2],[6]	219,714	[2],[6]
Carrying Value	196,478	[3],[6]	215,220	[3],[6]
Weighted Average Life (Years)	5 years 7 months 2 days	[4],[6]	5 years 10 months 20 days	[4],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	58,673,144	[6]	68,890,509	[6]
New Residential Interest in Investees	50.00%	[6]	50.00%	[6]
Amortized Cost Basis	173,784	[2],[6]	205,975	[2],[6]
Carrying Value	181,368	[3],[6]	208,055	[3],[6]
Weighted Average Life (Years)	5 years 1 month 8 days	[4],[6]	5 years 4 months 19 days	[4],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member] | Lower Range [Member]
Schedule of Equity Method Investments [Line Items]
Investee Interest in Excess MSR	66.70%	[5],[6]	66.70%	[5],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member] | Upper Range [Member]
Schedule of Equity Method Investments [Line Items]
Investee Interest in Excess MSR	77.00%	[5],[6]	77.00%	[5],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	0	[6]	0	[6]
New Residential Interest in Investees	50.00%	[6]	50.00%	[6]
Amortized Cost Basis	12,325	[2],[6]	13,739	[2],[6]
Carrying Value	$ 15,110	[3],[6]	$ 7,165	[3],[6]
Weighted Average Life (Years)	12 years 5 months 2 days	[4],[6]	13 years 5 months 5 days	[4],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member] | Lower Range [Member]
Schedule of Equity Method Investments [Line Items]
Investee Interest in Excess MSR	66.70%	[5],[6]	66.70%	[5],[6]
Non-Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member] | Upper Range [Member]
Schedule of Equity Method Investments [Line Items]
Investee Interest in Excess MSR	77.00%	[5],[6]	77.00%	[5],[6]

[1] The weighted average life is based on the expected timing of the receipt of cash flows.

[2] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.

[3] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.

[4] The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.

[5] The remaining interests are held by Nationstar.

[6] Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of December 31, 2014 (Note 6).