INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Consumer Loan Investments made through Equity Method Investees (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Expected Life (Years)		9 months 8 days
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	[1]	$ 2,207,194	$ 2,589,748
New Residential Interest in Investees		30.00%	30.00%
Carrying value	[2]	$ 1,786,179	$ 2,088,330
Weighted Average Coupon	[3]	18.30%	18.10%
Weighted Average Yield		17.90%	16.10%
Weighted Average Expected Life (Years)	[4]	3 years 5 months 4 days	3 years 7 months 6 days

[1] Represents the August 31, 2015 and November 30, 2014 balances, respectively.

[2] Represents the carrying value of the consumer loans held by the Consumer Loan Companies.

[3] Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.

[4] Weighted Average Expected Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.