INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	[1]	$ 7,426,794	$ 3,270,839
Face Amount of Notes Payable		11,305,998
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages	[2]	220,256,804	96,547,773
Outstanding Servicer Advances	[2]	$ 7,578,110	$ 3,102,492
Servicer Advances to UPB of Underlying Residential Mortgage Loans	[2]	3.40%	3.20%
Face Amount of Notes Payable	[2]	$ 7,058,094	$ 2,890,230
Gross Loan-to-Value	[2],[3]	91.20%	91.40%
Net Loan-to-Value	[2],[3],[4]	90.20%	90.40%
Gross Cost of Funds	[2],[5]	3.40%	3.00%
Net Cost of Funds	[2],[5]	2.60%	2.30%

[1] 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.

[2] The following types of advances comprise the investments in Servicer Advances: December 31, 2015 2014Principal and interest advances$2,229,468 $729,713Escrow advances (taxes and insurance advances)3,687,559 1,600,713Foreclosure advances1,661,083 772,066 Total$7,578,110 $3,102,492

[3] Based on outstanding Servicer Advances, excluding purchased but unsettled Servicer Advances and certain deferred servicing fees (“DSF”) which New Residential receives financing on. If New Residential were to include these DSF in the servicer advance balance, gross and net LTV as of December 31, 2015 would be 86.9% and 85.9%, respectively. Also excludes retained non-agency bonds with a current face amount of $175.8 million from the outstanding servicer advances debt. If New Residential were to sell these bonds, gross and net LTV as of December 31, 2015 would be 93.4% and 92.4%, respectively.

[4] Ratio of face amount of borrowings to par amount of Servicer Advance collateral, net of any general reserve.

[5] Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees.