INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees - Roll Forward (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014
Schedule of Equity Method Investments [Line Items]
Distributions of earnings from equity method investees		$ 0	$ (10,599)
Recurring Basis [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balance		330,876
Contributions to equity method investees		0
Transfers to direct ownership		(98,258)
Distributions of earnings from equity method investees		(31,876)
Distributions of capital from equity method investees		(3,867)
Change in fair value of investments in equity method investees(A)	[1]	16,443
Ending balance		$ 213,318

[1] In the third quarter of 2015, New Residential recorded a cumulative positive prior period adjustment of $3.5 million (of which $2.7 million related to 2014 and prior) resulting from adjustments to certain modeling assumptions.