INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	$ 3,396,295
Amortized Cost Basis	2,307,696
Carrying Value	2,324,915		2,463,163
Weighted Average Life (Years)	10 months 2 days
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,575,759	[1],[2]
Amortized Cost Basis	1,659,781	[1],[2]
Gross Unrealized Gains	7,510	[1],[2]
Gross Unrealized Losses	(2,295)	[1],[2]
Carrying Value	1,664,996	[1],[2],[3]	1,740,163	[1],[2]
Number of Securities	102	[1],[2]
Weighted Average Rating	AAA	[1],[2],[4]
Weighted Average Coupon	3.11%	[1],[2]
Weighted Average Yield	2.18%	[1],[2]
Weighted Average Life (Years)	5 years 4 months 21 days	[1],[2],[5]
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,820,536	[6],[7],[8]
Amortized Cost Basis	647,915	[6],[7],[8]
Gross Unrealized Gains	14,641	[6],[8]
Gross Unrealized Losses	(2,637)	[6],[8]
Carrying Value	659,919	[3],[6],[8]	723,000	[6],[8]
Number of Securities	137	[6],[8]
Weighted Average Rating	BBB-	[4],[6],[8]
Weighted Average Coupon	0.76%	[6],[8]
Weighted Average Yield	5.74%	[6],[8]
Weighted Average Life (Years)	9 years 8 months 6 days	[5],[6],[8]
Weighted Average Principal Subordination	26.00%	[6],[8],[9]
Other ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	984,460
Amortized Cost Basis	56,414
Gross Unrealized Gains	829
Gross Unrealized Losses	(1,119)
Carrying Value	56,124
Number of Securities	8
Weighted Average Rating	AA+
Weighted Average Coupon	1.98%
Weighted Average Yield	8.65%
Weighted Average Life (Years)	4 years 3 days
Weighted Average Principal Subordination	0.00%
Investments in Real Estate Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	3,396,295
Amortized Cost Basis	2,307,696
Gross Unrealized Gains	22,151
Gross Unrealized Losses	(4,932)
Carrying Value	$ 2,324,915	[3]	$ 2,463,163
Number of Securities	239
Weighted Average Rating	AA-	[4]
Weighted Average Coupon	2.45%
Weighted Average Yield	3.18%
Weighted Average Life (Years)	6 years 7 months 5 days	[5]

[1] Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).

[2] The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.

[3] Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value.

[4] Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 20 bonds which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current.

[5] The weighted average life is based on the timing of expected principal reduction on the assets.

[6] The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.

[7] Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.

[8] Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationOther ABS $984,460 $56,414 $829 $(1,119) $56,124 8 AA+ 1.98% 8.65% 4.0 —%

[9] Percentage of the outstanding face amount of securities that is subordinate to New Residential’s investments.