INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details) (Excess MSRs Investees [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Excess MSR assets	$ 440,714		$ 653,293
Other assets	9,508		8,472
Other liabilities	0		(13)
Equity	450,222		661,752
New Residential’s investment	225,111		330,876
New Residential’s ownership	50.00%		50.00%
Interest income	11,701	18,493
Other income (loss)	(1,835)	(5,705)
Expenses	(25)	(40)
Net income	$ 9,841	$ 12,748