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FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances [Member]
9 Months Ended
Sep. 30, 2015
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans 2.40%
Prepayment Speed 10.50%
Delinquency 17.50%
Mortgage Servicing Amount (bps) 20.6 [1]
Discount Rate 5.50%
[1] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.