INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Investment [Line Items]
Weighted Average Life (Years)	10 months 2 days
Change in fair value of investments in excess mortgage servicing rights	$ (1,761)		$ 6,602
Original and Recaptured Pools [Member]
Investment [Line Items]
Change in fair value of investments in excess mortgage servicing rights	(1,976)		7,088
Recapture Agreements [Member]
Investment [Line Items]
Change in fair value of investments in excess mortgage servicing rights	215		(486)
Excess MSRs [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	163,572,436	[1]
Weighted Average Life (Years)	5 years 9 months	[1],[2]
Amortized Cost Basis	418,902	[1],[3]
Carrying Value	526,662	[1],[4]		417,733	[1],[4]
Excess MSRs [Member] | Agency [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	54,829,877
Weighted Average Life (Years)	6 years 3 months 20 days	[2]
Amortized Cost Basis	171,036	[3]
Carrying Value	238,979	[4]		217,519	[4]
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	54,829,877
Weighted Average Life (Years)	5 years 10 months 24 days	[2]
Amortized Cost Basis	161,109	[3]
Carrying Value	209,114	[4]		188,733	[4]
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	0
Weighted Average Life (Years)	12 years 10 months 18 days	[2]
Amortized Cost Basis	9,927	[3]
Carrying Value	29,865	[4]		28,786	[4]
Excess MSRs [Member] | Non-Agency [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	108,742,559	[1]
Weighted Average Life (Years)	5 years 4 months 13 days	[1],[2]
Amortized Cost Basis	247,866	[1],[3]
Carrying Value	287,683	[1],[4]		200,214	[1],[4]
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	108,742,559	[1]
Weighted Average Life (Years)	4 years 10 months 26 days	[1],[2]
Amortized Cost Basis	231,228	[1],[3]
Carrying Value	270,365	[1],[4]		189,812	[1],[4]
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	0	[1]
Weighted Average Life (Years)	11 years 9 months 16 days	[1],[2]
Amortized Cost Basis	16,638	[1],[3]
Carrying Value	17,318	[1],[4]		10,402	[1],[4]
Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	80.00%	[1]
Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	80.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	50.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	50.00%	[1]
Nationstar [Member] | Excess MSRs [Member]
Investment [Line Items]
Carrying Value	$ 518,383			$ 409,076
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	35.00%
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	35.00%
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]

[1] 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).

[2] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

[3] The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.

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