INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO and Linked Transactions (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount			$ 57,552
Carrying Value(A)			33,539	[1]
Loan Count			328
Weighted Average Yield			10.30%
Weighted Average Life (Years)	10 months 28 days		3 years 8 months 12 days	[2]
Floating Rate Loans as a Percent of Face Amount			22.00%
Loan to Value Ratio			101.40%	[3]
Weighted Average Delinquency			84.60%	[4]
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	45,182	[5],[6]	57,552	[5]
Carrying Value(A)	24,965	[1],[5],[6]	33,539	[1],[5]
Loan Count	198	[5],[6]	328	[5]
Weighted Average Yield	10.20%	[5],[6]	10.30%	[5]
Weighted Average Life (Years)	3 years 10 months 26 days	[2],[5],[6]	3 years 8 months 12 days	[2],[5]
Floating Rate Loans as a Percent of Face Amount	21.40%	[5],[6]	22.00%	[5]
Loan to Value Ratio	108.20%	[3],[5],[6]	101.40%	[3],[5]
Weighted Average Delinquency	82.60%	[4],[5],[6]	84.60%	[4],[5]
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	24,399	[7]
Carrying Value(A)	22,873	[1],[7]
Loan Count	731	[7]
Weighted Average Yield	7.90%	[7]
Weighted Average Life (Years)	5 years 10 months 24 days	[2],[7]
Floating Rate Loans as a Percent of Face Amount	17.40%	[7]
Loan to Value Ratio	72.00%	[3],[7]
Weighted Average Delinquency	0.00%	[4],[7]
Weighted Average FICO	628	[7],[8]
Residential Mortgage Loans Held-for-Investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	69,581
Carrying Value(A)	47,838	[1]
Loan Count	929
Weighted Average Yield	9.40%
Weighted Average Life (Years)	4 years 7 months 8 days	[2]
Floating Rate Loans as a Percent of Face Amount	20.00%
Loan to Value Ratio	95.50%	[3]
Weighted Average Delinquency	53.60%	[4]
Weighted Average FICO	628	[8]
Performing Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	403,992	[7]
Carrying Value(A)	388,485	[1],[7]
Loan Count	5,809	[7]
Weighted Average Yield	5.60%	[7]
Weighted Average Life (Years)	7 years 2 months 12 days	[2],[7]
Floating Rate Loans as a Percent of Face Amount	23.00%	[7]
Loan to Value Ratio	85.00%	[3],[7]
Weighted Average Delinquency	5.00%	[4],[7]
Weighted Average FICO	626	[7],[8]
Purchase Credit Impaired Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	960,224	[9]
Carrying Value(A)	737,954	[1],[9]
Loan Count	5,025	[9]
Weighted Average Yield	5.90%	[9]
Weighted Average Life (Years)	2 years 7 months 6 days	[2],[9]
Floating Rate Loans as a Percent of Face Amount	3.70%	[9]
Loan to Value Ratio	104.00%	[3],[9]
Weighted Average Delinquency	90.00%	[4],[9]
Weighted Average FICO	571	[8],[9]
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	1,364,216
Carrying Value(A)	$ 1,126,439	[1]
Loan Count	10,834
Weighted Average Yield	5.80%
Weighted Average Life (Years)	3 years 11 months 17 days	[2]
Floating Rate Loans as a Percent of Face Amount	9.40%
Loan to Value Ratio	98.40%	[3]
Weighted Average Delinquency	64.80%	[4]
Weighted Average FICO	587	[8]

[1] Includes residential mortgage loans with a United States federal income tax basis of $1,159.1 million and $33.9 million as of December 31, 2014 and 2013, respectively.

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

[3] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.

[4] Represents the percentage of the total principal balance that are 60+ days delinquent, $2.3 million of which are on non-accrual status as of December 31, 2014.

[5] Represents a 70% interest New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million and $0.2 million at December 31, 2014 and December 31, 2013, respectively, and 77% and 82% of these loans outstanding at each respective date have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.

[6] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.

[7] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized discounts and premiums of $15.2 million.

[8] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.

[9] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments.