FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	213,100,000		$ 666,600,000
Broker price discount	10.00%
Face amount of debt	5,338,807,000
Debt	5,338,807,000		6,062,299,000
Excess MSRs Investees [Member] | MSRs [Member]
Schedule of Equity Method Investments [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.60%
Servicer Advances [Member]
Schedule of Equity Method Investments [Line Items]
Carrying Value	2,875,412,000	[1]
Notes Payable [Member] | Servicer Advances [Member]
Schedule of Equity Method Investments [Line Items]
Face amount of debt	2,875,412,000	[2]
Debt	2,875,412,000	[2]	2,890,230,000	[2]
Residential Mortgage Loans [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	213,100,000		610,100,000
Real Estate Acquired in Satisfaction of Debt [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis			56,500,000
Loans Held-for-sale [Member]
Schedule of Equity Method Investments [Line Items]
Asset fair value reduction			$ 800,000

[1] New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.3% fee on the unused borrowing capacity.

[2] $0.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.0%.