DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Derivative [Line Items]
Derivative assets	$ 71		$ 32,597
Derivative liabilities	21,127		14,220
Real Estate Securities [Member]
Derivative [Line Items]
Derivative assets	0	[1]	32,090	[1]
Non-Performing Loans [Member]
Derivative [Line Items]
Derivative assets	0	[1]	312	[1]
Interest Rate Cap [Member]
Derivative [Line Items]
Derivative assets	71		195
TBAs [Member]
Derivative [Line Items]
Derivative liabilities	8,539		4,985
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	$ 12,588		$ 9,235

[1] For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.