INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Consumer Loan Investments made through Equity Method Investees (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Expected Life (Years)		11 months 14 days
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	[1]	$ 2,094,904	$ 2,589,748
New Residential Interest in Investees		30.00%	30.00%
Carrying value	[2]	$ 1,698,130	$ 2,088,330
Weighted Average Coupon	[3]	18.20%	18.10%
Weighted Average Yield		18.10%	16.10%
Weighted Average Expected Life (Years)	[4]	3 years 1 month 22 days	3 years 6 months 29 days

[1] Represents the November 30, 2015 and 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 was 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.