DERIVATIVES - Schedule of Derivatives - Linked Transactions (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Linked transactions			$ 32,402
Derivative assets		$ 2,689	32,597
Non-Performing Loans [Member]
Derivative [Line Items]
Linked transactions	[1]		1,581
Derivative assets	[2]	0	312
Non-Performing Loans Repurchase Agreements Derivatives [Member]
Derivative [Line Items]
Linked transactions	[3]		(1,269)
Real Estate Securities [Member]
Derivative [Line Items]
Linked transactions	[4]		116,739
Derivative assets	[2]	$ 0	32,090
Real Estate Securities Repurchase Agreements Derivatives [Member]
Derivative [Line Items]
Linked transactions	[3]		$ (84,649)

[1] Non-performing loans that had a UPB of $2.9 million as of December 31, 2014, which represented the notional amount of the linked transaction and accrued interest.

[2] For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU No. 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.

[3] Represents carrying amount that approximates fair value.

[4] Real estate securities that had a current face amount of $186.7 million as of December 31, 2014, which represented the notional amount of the linked transaction.