INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	10 months 2 days
Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	84,000,746
New Residential Interest in Investees	50.00%		50.00%
Amortized Cost Basis	351,935	[1]
Carrying Value	440,714	[2]
Agency [Member] | Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	6 years 7 months 19 days	[3]
Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	84,000,746
Investee Interest in Excess MSR	66.70%	[4]
New Residential Interest in Investees	50.00%
Amortized Cost Basis	289,745	[1]
Carrying Value	358,909	[2]
Weighted Average Life (Years)	5 years 6 months 15 days	[3]
Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	0
Investee Interest in Excess MSR	66.70%	[4]
New Residential Interest in Investees	50.00%
Amortized Cost Basis	62,190	[1]
Carrying Value	81,805	[2]
Weighted Average Life (Years)	11 years 8 months 23 days	[3]

[1] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. 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.

[2] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.

[3] The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.

[4] The remaining interests are held by Nationstar.