INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of the Investment in Consumer Loan Companies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 30, 2013
Schedule of Equity Method Investments [Line Items]
New Residential’s investment	$ 0	$ 0
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Consumer Loan Assets (amortized cost basis)	1,698,130	2,088,330
Other Assets	70,469	92,051
Debt	(1,912,267)	(2,411,421)
Other Liabilities	(5,640)	(12,340)
Equity	(149,308)	(243,380)
New Residential’s investment	$ 0	$ 0	$ 215,062
New Residential’s ownership	30.00%	30.00%	30.00%	30.00%
Interest income	$ 455,479	$ 534,990	$ 481,056
Interest expense	(87,000)	(81,706)	(71,639)
Provision for finance receivable losses	(67,935)	(104,921)	(60,619)
Other expenses, net	(60,263)	(74,781)	(67,225)
Change in fair value of debt	0	(14,810)	0
Loss on extinguishment of debt	0	(21,151)	0
Net income	240,281	237,621	281,573
New Residential’s equity in net income through October 3, 2014	$ 0	$ 53,840	$ 82,856