FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year		$ 16,188	$ (3,341)	$ 4,772	$ 977	$ 8,300	$ 1,134	$ 293	$ 164	$ 18,596	$ 9,891	$ 461
Weighted Average Life (Years)										11 months 14 days
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	[1],[2],[3]									4 years 2 months 14 days	3 years 10 months 26 days
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	[3],[4]									6 years 8 months	5 years 10 months 24 days
PCD Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		290,654				737,954				$ 290,654	$ 737,954
Residential Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year										$ 78	$ 1,057
Discount Rate										5.30%	5.10%
Weighted Average Life (Years)	[5]									3 years 3 months 19 days	5 years 7 months 20 days
Loss Severity(C)	[6]									13.30%	37.60%
Residential Mortgage Loans [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year	[7]									$ 35	$ 1,057
Discount Rate	[7]									10.00%	10.20%
Weighted Average Life (Years)	[5],[7]									4 years 2 months 14 days	3 years 10 months 26 days
Loss Severity(C)	[6],[7]									8.10%	5.90%
Residential Mortgage Loans [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year										$ 43
Discount Rate										4.80%	4.60%
Weighted Average Life (Years)	[5]									5 years 2 months 5 days	7 years
Prepayment Rate										6.60%	5.70%
CDR	[8]									1.20%	2.20%
Loss Severity(C)	[6]									14.30%	44.90%
Residential Mortgage Loans [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate										5.40%	5.50%
Weighted Average Life (Years)	[5]									2 years 5 months 25 days	2 years 9 months 18 days
Prepayment Rate										1.40%	2.30%
Loss Severity(C)	[6]									13.10%	25.80%
Residential Mortgage Loans [Member] | Carrying Value [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		853,846				564,154				$ 853,846	$ 564,154
Residential Mortgage Loans [Member] | Carrying Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	[7]	19,560				24,965				19,560	24,965
Residential Mortgage Loans [Member] | Carrying Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		246,190				374,745				246,190	374,745
Residential Mortgage Loans [Member] | Carrying Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value		588,096				164,444				588,096	164,444
Residential Mortgage Loans [Member] | Fair Value [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		862,172				577,860				862,172	577,860
Residential Mortgage Loans [Member] | Fair Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	[7]	19,560				24,965				19,560	24,965
Residential Mortgage Loans [Member] | Fair Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		248,858				383,689				248,858	383,689
Residential Mortgage Loans [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		593,754				169,206				$ 593,754	$ 169,206
Nonrecurring [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate										5.60%	5.60%
Weighted Average Life (Years)	[9]									3 years 7 months 7 days	2 years 10 months 14 days
Prepayment Rate										4.20%	3.00%
Loss Severity(C)	[10]									22.70%	31.50%
Nonrecurring [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate										5.00%	4.60%
Weighted Average Life (Years)	[9]									4 years 2 months 18 days	7 years 5 months 26 days
Prepayment Rate										9.20%	4.20%
CDR	[11]									2.80%	4.20%
Loss Severity(C)	[10]									35.20%	40.20%
Nonrecurring [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate										5.70%
Weighted Average Life (Years)	[9]									3 years 5 months 12 days
Prepayment Rate										2.90%
Loss Severity(C)	[10]									19.60%
Nonrecurring [Member] | PCD Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate											5.70%
Weighted Average Life (Years)	[9]										2 years 6 months 28 days
Prepayment Rate											2.90%
Loss Severity(C)	[10]										30.90%
Nonrecurring [Member] | Fair Value [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		253,013				610,123				$ 253,013	$ 610,123
Nonrecurring [Member] | Fair Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		50,858				36,613				50,858	36,613
Nonrecurring [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value		$ 202,155								$ 202,155
Nonrecurring [Member] | Fair Value [Member] | PCD Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value						$ 573,510					$ 573,510

[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.

[2] Represents a 70% interest New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB was $0.4 million and $0.3 million at December 31, 2015 and 2014, respectively, and 71% and 77% of these loans outstanding at each respective date have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.

[3] The weighted average life is based on the expected timing of the receipt of cash flows.

[4] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $12.0 million.

[5] The weighted average life is based on the expected timing of the receipt of cash flows.

[6] Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

[7] Carrying value and fair value represent a 70% interest New Residential holds in the reverse mortgage loans.

[8] Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.

[9] The weighted average life is based on the expected timing of the receipt of cash flows.

[10] Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

[11] Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance. Not applicable for PCD Loans that are not 100% in default.