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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
loan
Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]    
Weighted Average Life (Years) 10 months 2 days  
Reverse Mortgage Loans [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount $ 42,306us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2]  
Carrying Value 23,294nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2] 24,965nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2]
Loan Count 182us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2]  
Weighted Average Yield 10.00%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2]  
Weighted Average Life (Years) 4 years 15 days [1],[2],[3]  
Floating Rate Loans as a % of Face Amount 21.40%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2]  
Loan to Value Ratio 109.60%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2],[4]  
Weighted Average Delinquency 78.20%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ReverseMortgageLoansMember
[1],[2],[5]  
Performing Loans [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 23,548us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6]  
Carrying Value 21,673nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6] 22,873nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6]
Loan Count 709us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6]  
Weighted Average Yield 8.70%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6]  
Weighted Average Life (Years) 5 years 9 months 20 days [3],[6]  
Floating Rate Loans as a % of Face Amount 17.90%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6]  
Loan to Value Ratio 79.60%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[4],[6]  
Weighted Average Delinquency 0.30%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[5],[6]  
Weighted Average FICO 620nrz_WeightedAverageFICO
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= us-gaap_PerformingFinancingReceivableMember
[6],[7]  
Residential Mortgage Loans Held-for-Investment [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 65,854us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
 
Carrying Value 44,967nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
47,838nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
Loan Count 891us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
 
Weighted Average Yield 9.60%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
 
Weighted Average Life (Years) 4 years 8 months 2 days [3]  
Floating Rate Loans as a % of Face Amount 19.40%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
 
Loan to Value Ratio 98.50%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
[4]  
Weighted Average Delinquency 53.00%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
[5]  
Weighted Average FICO 620nrz_WeightedAverageFICO
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldForInvestmentMember
[7]  
Performing Loans, Held-for-sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 268,731us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6]  
Carrying Value 270,407nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6] 388,485nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6]
Loan Count 4,832us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6]  
Weighted Average Yield 4.90%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6]  
Weighted Average Life (Years) 6 years 11 months 13 days [3],[6]  
Floating Rate Loans as a % of Face Amount 27.60%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6]  
Loan to Value Ratio 82.10%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[4],[6]  
Weighted Average Delinquency 0.00%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[5],[6]  
Weighted Average FICO 621nrz_WeightedAverageFICO
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PerformingFinancingReceivableHeldforsaleMember
[6],[7]  
Purchase Credit Impaired Loans, Held-for-sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 300,598us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8]  
Carrying Value 229,767nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8] 737,954nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8]
Loan Count 2,133us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8]  
Weighted Average Yield 5.90%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8]  
Weighted Average Life (Years) 2 years 4 months 20 days [3],[8]  
Floating Rate Loans as a % of Face Amount 32.40%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[8]  
Loan to Value Ratio 105.90%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[4],[8]  
Weighted Average Delinquency 87.40%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[5],[8]  
Weighted Average FICO 547nrz_WeightedAverageFICO
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_PurchaseCreditImpairedLoansHeldforsaleMember
[7],[8]  
Residential Mortgage Loans Held-for-Sale [Member]    
Mortgage Loans on Real Estate [Line Items]    
Outstanding Face Amount 569,329us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
 
Carrying Value $ 500,174nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
$ 1,126,439nrz_MortgageLoansonRealEstateCarryingAmountofMortgagesIncludingInterest
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
Loan Count 6,965us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
 
Weighted Average Yield 5.40%nrz_WeightedAverageYield
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
 
Weighted Average Life (Years) 4 years 6 months 15 days [3]  
Floating Rate Loans as a % of Face Amount 30.10%nrz_RELoansFloatingRateLoansPercentageFace
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
 
Loan to Value Ratio 94.70%nrz_GrossLoantovalue
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
[4]  
Weighted Average Delinquency 46.20%nrz_WeightedAverageDelinquency
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
[5]  
Weighted Average FICO 582nrz_WeightedAverageFICO
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= nrz_ResidentialMortgageLoansHeldforSaleMember
[7]  
[1] Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 76% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.
[2] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[3] The weighted average life is based on the expected timing of the receipt of cash flows.
[4] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
[5] Represents the percentage of the total principal balance that are 60+ days delinquent.
[6] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $0.7 million.
[7] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.
[8] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of March 31, 2015, New Residential has placed all of these loans on nonaccrual status.