SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Other Assets and Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Other Assets
Margin receivable, net		$ 54,459	$ 59,021
Other receivables	[1]	10,893	1,797
Principal paydown receivable		795	3,595
Receivable from government agency	[2]	68,833	9,108
Call rights		414	3,728
Interest receivable		36,963	8,658
Servicer advances, at fair value	[3]	7,426,794	3,270,839
Other assets	[4]	14,675	9,516
Other Assets		236,757	95,423
Accrued Expenses and Other Liabilities
Interest payable		18,268	7,857
Accounts payable		18,650	28,059
Derivative liabilities		13,443	14,220
Current taxes payable		1,573	2,349
Other liabilities		6,112	20
Accrued Expenses and Other Liabilities		58,046	52,505
Ginnie Mae EBO [Member]
Other Assets
Servicer advances, at fair value	[5]	$ 49,725	$ 0

[1] Primarily includes a receivable from Ocwen related to their servicer rating downgrade, claims receivable related to reverse mortgage loans and receivables related to residual securities owned.

[2] Represents claims receivable from FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.

[3] New Residential’s Consolidated Balance Sheets include the assets and liabilities of a consolidated VIE, the Buyer (Note 6), which primarily holds investments in servicer advances financed with notes payable. The Buyer’s balance sheet is included in Note 6. The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations.

[4] Primarily includes prepaid taxes and other prepaid expenses.

[5] Represents an HLSS loan to a counterparty collateralized by servicer advances on Ginnie Mae EBO loans.