INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Changes in Investments in Consumer Loans, Equity Method Investees (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Equity Method Investments, Consumer Loans [Roll Forward]
Balance at beginning of period	$ 215,062
Earnings from investments in consumer loan equity method investees	53,840		82,856		0
Balance at end of period	0		215,062
Consumer Loan Investees [Member]
Equity Method Investments, Consumer Loans [Roll Forward]
Balance at beginning of period	215,062		0
Contributions to equity method investees	0		245,421
Distributions of earnings from equity method investees	(53,840)	[1]	(82,856)	[1]
Distributions of capital from equity method investees	(215,062)		(30,359)
Earnings from investments in consumer loan equity method investees	53,840		82,856
Balance at end of period	0		215,062
Consumer Loan, Equity Method Investees [Member]
Equity Method Investments, Consumer Loans [Roll Forward]
Distributions of earnings from equity method investees	$ (53,840)		$ (82,856)		$ 0

[1] During the year ended December 31, 2014, the Consumer Loan Companies distributed $53.2 million in cash to, and made $0.6 million in tax withholding payments on behalf of, New Residential. The tax withholding payments were considered a non-cash distribution.