INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Consumer Loan Investments made through Equity Method Investees (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Expected Life (Years)	10 months 2 days
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	$ 2,460,743	[1]	$ 2,589,748	[1]
New Residential Interest in Investees	30.00%		30.00%
Carrying value	$ 1,981,271	[2]	$ 2,088,330	[2]
Weighted Average Coupon	18.20%	[3]	18.10%	[3]
Weighted Average Yield	16.30%		16.10%
Weighted Average Expected Life (Years)	3 years 7 months 19 days	[4]	3 years 7 months 19 days	[4]

[1] Represents the February 28, 2015 and November 30, 2014 balances, respectively.

[2] Represents the carrying value of the consumer loans held by the Consumer Loan Companies.

[3] Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.

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