INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Footnote) (Details) - Excess MSRs [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015		Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]
Change in fair value, prior period adjustment		$ 38,643	[1],[2]	$ 41,615
Prior Period Adjustment [Member] | Nationstar [Member]
Servicing Assets at Fair Value [Line Items]
Change in fair value, prior period adjustment		$ 4,200
Fair Value Adjustment [Member] | Ocwen [Member]
Servicing Assets at Fair Value [Line Items]
Change in fair value, prior period adjustment	$ 41,500

[1] In 2015, New Residential recorded a cumulative positive prior period adjustment of $4.2 million on its Excess MSR investments serviced by Nationstar resulting from adjustments to certain modeling assumptions.

[2] In the fourth quarter of 2015, New Residential recorded a change in estimate in the calculation of fair value of $41.5 million on its Excess MSR investments serviced by Ocwen resulting from adjustments to certain modeling assumptions.