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SEGMENT REPORTING - Summary of Segment Financial Data (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Segment Reporting Information [Line Items]          
Interest income $ 182,341 $ 97,587 $ 444,891 $ 261,733  
Interest expense 77,558 33,307 193,408 108,816  
Net interest income (expense) 104,783 64,280 251,483 152,917  
Impairment (1,767) 1,134 5,702 2,534  
Other income (17,825) 122,064 32,120 335,003  
Operating expenses 32,902 25,311 90,124 64,732  
Income (Loss) Before Income Taxes 55,823 159,899 187,777 420,654  
Income tax expense (benefit) (5,932) 7,801 4,947 29,483  
Net Income (Loss) 61,755 152,098 182,830 391,171  
Noncontrolling interests in income (loss) of consolidated subsidiaries 7,230 25,726 17,174 92,524  
Net income (loss) attributable to common stockholders 54,525 126,372 165,656 298,647  
Investments 12,385,696   12,385,696    
Cash and cash equivalents 348,312   348,312    
Restricted cash 165,039   165,039   $ 29,418
Derivative assets 1,318   1,318   32,597
Other assets 2,455,853   2,455,853    
Total assets 15,356,218   15,356,218   8,089,244
Debt [1] 11,019,080   11,019,080   6,057,853
Other liabilities 1,311,067   1,311,067    
Total liabilities 12,330,147   12,330,147   6,239,319
Total equity 3,026,071   3,026,071   1,849,925
Noncontrolling interests in equity of consolidated subsidiaries 219,538   219,538   253,836
Total New Residential stockholders’ equity 2,806,533   2,806,533   $ 1,596,089
Investments in equity method investees 213,318   213,318    
Operating Segments [Member] | Excess MSRs [Member]          
Segment Reporting Information [Line Items]          
Interest income 38,477 12,914 87,874 37,703  
Interest expense 0 3 0 1,294  
Net interest income (expense) 38,477 12,911 87,874 36,409  
Impairment 0 0 0 0  
Other income 10,227 60,722 18,415 91,943  
Operating expenses 168 103 517 488  
Income (Loss) Before Income Taxes 48,536 73,530 105,772 127,864  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) 48,536 73,530 105,772 127,864  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 48,536 73,530 105,772 127,864  
Investments 1,673,008   1,673,008    
Cash and cash equivalents 237   237    
Restricted cash 499   499    
Derivative assets 0   0    
Other assets 34   34    
Total assets 1,673,778   1,673,778    
Debt 0   0    
Other liabilities 350   350    
Total liabilities 350   350    
Total equity 1,673,428   1,673,428    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 1,673,428   1,673,428    
Investments in equity method investees 213,318   213,318    
Operating Segments [Member] | Servicer Advances [Member]          
Segment Reporting Information [Line Items]          
Interest income 105,135 50,967 256,087 153,790  
Interest expense 64,291 25,157 151,377 86,885  
Net interest income (expense) 40,844 25,810 104,710 66,905  
Impairment 0 0 0 0  
Other income (12,554) 22,948 835 105,657  
Operating expenses 10,341 4,796 12,604 5,815  
Income (Loss) Before Income Taxes 17,949 43,962 92,941 166,747  
Income tax expense (benefit) (4,852) 7,403 7,565 29,085  
Net Income (Loss) 22,801 36,559 85,376 137,662  
Noncontrolling interests in income (loss) of consolidated subsidiaries 7,230 25,726 22,332 92,524  
Net income (loss) attributable to common stockholders 15,571 10,833 63,044 45,138  
Investments 7,499,775   7,499,775    
Cash and cash equivalents 151,833   151,833    
Restricted cash 162,728   162,728    
Derivative assets 1,318   1,318    
Other assets 179,950   179,950    
Total assets 7,995,604   7,995,604    
Debt 7,038,079   7,038,079    
Other liabilities 29,582   29,582    
Total liabilities 7,067,661   7,067,661    
Total equity 927,943   927,943    
Noncontrolling interests in equity of consolidated subsidiaries 219,538   219,538    
Total New Residential stockholders’ equity 708,405   708,405    
Investments in equity method investees 0   0    
Operating Segments [Member] | Real Estate Securities [Member]          
Segment Reporting Information [Line Items]          
Interest income 28,984 11,179 66,699 41,939  
Interest expense 5,150 1,932 12,171 9,513  
Net interest income (expense) 23,834 9,247 54,528 32,426  
Impairment 1,574 0 3,294 943  
Other income (28,354) 955 (37,655) 59,410  
Operating expenses 766 169 769 800  
Income (Loss) Before Income Taxes (6,860) 10,033 12,810 90,093  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) (6,860) 10,033 12,810 90,093  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders (6,860) 10,033 12,810 90,093  
Investments 2,428,729   2,428,729    
Cash and cash equivalents 6,169   6,169    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 2,103,217   2,103,217    
Total assets 4,538,115   4,538,115    
Debt 3,034,649   3,034,649    
Other liabilities 1,090,460   1,090,460    
Total liabilities 4,125,109   4,125,109    
Total equity 413,006   413,006    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 413,006   413,006    
Investments in equity method investees 0   0    
Operating Segments [Member] | Real Estate Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 8,888 22,526 32,408 28,300  
Interest expense 4,651 5,065 15,929 6,454  
Net interest income (expense) 4,237 17,461 16,479 21,846  
Impairment (3,341) 1,134 2,408 1,591  
Other income (1,530) 14,950 20,063 17,808  
Operating expenses 2,845 3,163 14,557 4,140  
Income (Loss) Before Income Taxes 3,203 28,114 19,577 33,923  
Income tax expense (benefit) (1,405) 306 (2,942) 306  
Net Income (Loss) 4,608 27,808 22,519 33,617  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 4,608 27,808 22,519 33,617  
Investments 784,184   784,184    
Cash and cash equivalents 9,090   9,090    
Restricted cash 1,720   1,720    
Derivative assets 0   0    
Other assets 101,737   101,737    
Total assets 896,731   896,731    
Debt 719,568   719,568    
Other liabilities 7,563   7,563    
Total liabilities 727,131   727,131    
Total equity 169,600   169,600    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity 169,600   169,600    
Investments in equity method investees 0   0    
Operating Segments [Member] | Consumer Loans [Member]          
Segment Reporting Information [Line Items]          
Interest income 0 0 1 0  
Interest expense 530 1,149 1,054 4,170  
Net interest income (expense) (530) (1,149) (1,053) (4,170)  
Impairment 0 0 0 0  
Other income 14,386 22,490 33,342 60,185  
Operating expenses 66 632 177 745  
Income (Loss) Before Income Taxes 13,790 20,709 32,112 55,270  
Income tax expense (benefit) 325 92 324 92  
Net Income (Loss) 13,465 20,617 31,788 55,178  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 0 0  
Net income (loss) attributable to common stockholders 13,465 20,617 31,788 55,178  
Investments 0   0    
Cash and cash equivalents 12,344   12,344    
Restricted cash 0   0    
Derivative assets 0   0    
Other assets 2,362   2,362    
Total assets 14,706   14,706    
Debt 40,264   40,264    
Other liabilities 416   416    
Total liabilities 40,680   40,680    
Total equity (25,974)   (25,974)    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity (25,974)   (25,974)    
Investments in equity method investees 0   0    
Operating Segments [Member] | Corporate [Member]          
Segment Reporting Information [Line Items]          
Interest income 857 1 1,822 1  
Interest expense 2,936 1 12,877 500  
Net interest income (expense) (2,079) 0 (11,055) (499)  
Impairment 0 0 0 0  
Other income 0 (1) (2,880) 0  
Operating expenses 18,716 16,448 61,500 52,744  
Income (Loss) Before Income Taxes (20,795) (16,449) (75,435) (53,243)  
Income tax expense (benefit) 0 0 0 0  
Net Income (Loss) (20,795) (16,449) (75,435) (53,243)  
Noncontrolling interests in income (loss) of consolidated subsidiaries 0 0 (5,158) 0  
Net income (loss) attributable to common stockholders (20,795) $ (16,449) (70,277) $ (53,243)  
Investments 0   0    
Cash and cash equivalents 168,639   168,639    
Restricted cash 92   92    
Derivative assets 0   0    
Other assets 68,553   68,553    
Total assets 237,284   237,284    
Debt 186,520   186,520    
Other liabilities 182,696   182,696    
Total liabilities 369,216   369,216    
Total equity (131,932)   (131,932)    
Noncontrolling interests in equity of consolidated subsidiaries 0   0    
Total New Residential stockholders’ equity (131,932)   (131,932)    
Investments in equity method investees $ 0   $ 0    
[1] Net of deferred financing costs associated with the adoption of ASU No. 2015-03 (Note 1).