FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year		$ (3,341)	$ 1,134	$ 2,408	$ 1,591
Weighted Average Life (Years)				9 months 8 days
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	[1],[2],[3]			4 years 1 month 16 days
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	[3],[4]			5 years 8 months 6 days
Residential Mortgage [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year				$ 363
Discount Rate				5.40%
Weighted Average Life (Years)	[5]			3 years 9 months 13 days
Loss Severity	[6]			30.00%
Residential Mortgage [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year	[7]			$ 245
Discount Rate	[7]			10.00%
Weighted Average Life (Years)	[5],[7]			4 years 1 month 16 days
Loss Severity	[6],[7]			7.40%
Residential Mortgage [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year				$ 118
Discount Rate				5.30%
Weighted Average Life (Years)	[5]			6 years 5 months 23 days
Prepayment Rate				16.30%
CDR	[8]			1.60%
Loss Severity	[6]			32.70%
Residential Mortgage [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate				5.20%
Weighted Average Life (Years)	[5]			1 year 8 months 20 days
Prepayment Rate				2.10%
Loss Severity	[6]			29.40%
Residential Mortgage [Member] | Carrying Value [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		543,696		$ 543,696
Residential Mortgage [Member] | Carrying Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	[7]	20,316		20,316
Residential Mortgage [Member] | Carrying Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		225,666		225,666
Residential Mortgage [Member] | Carrying Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		297,714		297,714
Residential Mortgage [Member] | Fair Value [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		549,035		549,035
Residential Mortgage [Member] | Fair Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	[7]	20,316		20,316
Residential Mortgage [Member] | Fair Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		228,494		228,494
Residential Mortgage [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		300,225		$ 300,225
Fair Value, Measurements, Nonrecurring [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate				5.60%
Weighted Average Life (Years)				3 years 27 days
Prepayment Rate				3.00%
Loss Severity				29.70%
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		$ 211,034		$ 211,034

[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.

[2] Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.4 million. Approximately 75% 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.

[3] The weighted average life is based on the expected timing of the receipt of cash flows.

[4] 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 $6.7 million.

[5] The weighted average life is based on the expected timing of the receipt of cash flows.

[6] Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

[7] Carrying value and fair value represent a 70% interest New Residential holds in the reverse mortgage loans.

[8] Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.