DERIVATIVES - Schedule of Derivatives (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Derivative [Line Items]
Derivative assets	$ 32,597		$ 35,926
Derivative liabilities	14,220		18
Real Estate Securities [Member]
Derivative [Line Items]
Derivative assets	32,090	[1]	1,452	[1]
Derivative liabilities	0		18
Non-Performing Loans [Member]
Derivative [Line Items]
Derivative assets	312	[1]	34,474	[1]
Interest Rate Cap [Member]
Derivative [Line Items]
Derivative assets	195		0
TBAs [Member]
Derivative [Line Items]
Derivative liabilities	4,985		0
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	$ 9,235		$ 0

[1] Investments purchased from, and financed by, the selling counterparty that New Residential accounts for as linked transactions and are reflected as derivatives.