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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Footnote) (Details) - Excess MSRs [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2015
Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]      
Change in fair value, prior period adjustment [1]   $ (274)  
Restatement Adjustment [Member]      
Servicing Assets at Fair Value [Line Items]      
Change in fair value, prior period adjustment [1] $ 4,400   $ 4,200
[1] In the third quarter of 2015, New Residential recorded a cumulative positive prior period adjustment of $4.4 million (of which $4.2 million related to 2014 and prior) resulting from adjustments to certain modeling assumptions.