FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances [Member]		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans		2.30%	2.10%
Prepayment Speed	[1]	10.40%	12.60%
Delinquency		17.50%	15.60%
Mortgage Servicing Amount (bps)	[2]	9.2	19.4
Discount Rate		5.60%	5.40%

[1] Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.

[2] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.