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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 (Footnote) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Excess MSRs Investees [Member] | Restatement Adjustment [Member]    
Schedule of Equity Method Investments [Line Items]    
Change in fair value, prior period adjustment [1] $ 3.5 $ 2.7
[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.