INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands		9 Months Ended
		Sep. 30, 2015 USD ($) loan	Dec. 31, 2014 USD ($)
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)		9 months 8 days
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	$ 37,331
Carrying Value	[1],[2]	$ 20,316	$ 24,965
Loan Count | loan	[1],[2]	150
Weighted Average Yield	[1],[2]	10.00%
Weighted Average Life (Years)	[1],[2],[3]	4 years 1 month 16 days
Floating Rate Loans as a % of Face Amount	[1],[2]	20.30%
Loan to Value Ratio	[1],[2],[4]	112.50%
Weighted Average Delinquency	[1],[2],[5]	75.60%
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[6]	$ 22,154
Carrying Value	[6]	$ 20,497	22,873
Loan Count | loan	[6]	684
Weighted Average Yield	[6]	9.00%
Weighted Average Life (Years)	[3],[6]	5 years 8 months 6 days
Floating Rate Loans as a % of Face Amount	[6]	17.40%
Loan to Value Ratio	[4],[6]	77.60%
Weighted Average Delinquency	[5],[6]	3.40%
Weighted Average FICO	[6],[7]	627
Residential Mortgage Loans Held-for-Investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 59,485
Carrying Value		$ 40,813	47,838
Loan Count | loan		834
Weighted Average Yield		9.60%
Weighted Average Life (Years)	[3]	4 years 8 months 15 days
Floating Rate Loans as a % of Face Amount		19.20%
Loan to Value Ratio	[4]	99.50%
Weighted Average Delinquency	[5]	48.70%
Weighted Average FICO	[7]	627
Performing Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[6]	$ 196,973
Carrying Value	[6]	$ 205,169	388,485
Loan Count | loan	[6]	1,765
Weighted Average Yield	[6]	3.60%
Weighted Average Life (Years)	[3],[6]	6 years 6 months 25 days
Floating Rate Loans as a % of Face Amount	[6]	2.00%
Loan to Value Ratio	[4],[6]	47.00%
Weighted Average Delinquency	[5],[6]	0.00%
Weighted Average FICO	[6],[7]	710
Purchase Credit Impaired Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[8],[9]	$ 585,879
Carrying Value	[8],[9]	$ 508,748	737,954
Loan Count | loan	[8],[9]	3,582
Weighted Average Yield	[8],[9]	5.30%
Weighted Average Life (Years)	[3],[8],[9]	2 years 4 months 9 days
Floating Rate Loans as a % of Face Amount	[8],[9]	14.70%
Loan to Value Ratio	[4],[8],[9]	109.30%
Weighted Average Delinquency	[5],[8],[9]	86.30%
Weighted Average FICO	[7],[8],[9]	575
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 782,852
Carrying Value		$ 713,917	$ 1,126,439
Loan Count | loan		5,347
Weighted Average Yield		4.90%
Weighted Average Life (Years)	[3]	3 years 5 months 1 day
Floating Rate Loans as a % of Face Amount		11.50%
Loan to Value Ratio	[4]	93.60%
Weighted Average Delinquency	[5]	64.60%
Weighted Average FICO	[7]	609

[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] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.

[5] Represents the percentage of the total principal balance that are 60+ days delinquent.

[6] 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.

[7] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.

[8] Includes $271.3 million UPB of GNMA EBO non-performing loans on accrual status as contractual cash flows are guaranteed by the FHA.

[9] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of September 30, 2015, New Residential has placed all of these loans on nonaccrual status, except as described in (I) below.