INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) (Excess MSRs [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 417,733	[1],[2]
Transfers from indirect ownership	98,258
Purchases	26,479
Interest income	15,037
Other income	730
Proceeds from repayments	(29,814)
Change in fair value	(1,761)
Ending balance	526,662	[1],[2]
Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	409,076
Transfers from indirect ownership	98,258
Purchases	26,479
Interest income	14,856
Other income	730
Proceeds from repayments	(29,544)
Change in fair value	(1,472)
Ending balance	518,383
SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	8,657	[3]
Transfers from indirect ownership	0	[3]
Purchases	0	[3]
Interest income	181	[3]
Other income	0	[3]
Proceeds from repayments	(270)	[3]
Change in fair value	(289)	[3]
Ending balance	$ 8,279	[3]

[1] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.

[2] Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2015 (Note 6).

[3] Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.