FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Investments in:
Real estate securities, available-for-sale		$ 4,554,657	$ 2,501,881
Consumer loans, held-for-investment, principal balance	[1]	1,830,436	0
Derivative assets		1,626	2,689
Restricted cash		168,043	94,702
Liabilities
Derivative liabilities		42,506	$ 13,443
Recurring Basis [Member]
Investments in:
Excess mortgage servicing rights, principal balance	[2]	304,297,824
Excess mortgage servicing rights, equity method investees, principal balance	[2]	66,748,310
Servicer advances, principal balance		6,608,084
Real estate securities, available-for-sale, principal balance		7,249,437
Residential mortgage loans, held-for-investment, principal balance		0
Residential mortgage loans, held-for-sale, principal balance		1,066,844
Consumer loans, held-for-investment, principal balance		1,840,749
Derivative assets, notional amount		2,893,333
Cash and cash equivalents, principal balance		233,845
Restricted cash, principal balance		168,043
Other Assets, principal balance		574,587
Liabilities
Repurchase agreements, principal balance		4,627,431
Notes and bonds payable, principal balance		8,316,726
Derivative liabilities, notional amount		6,821,000
Recurring Basis [Member] | Carrying Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,475,418
Excess mortgage servicing rights, equity method investees, at fair value	[2]	199,145
Servicer advances		6,513,274
Real estate securities, available-for-sale		4,554,657
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		824,002
Consumer loans, held-for-investment		1,830,436
Derivative assets		1,626
Cash and cash equivalents		233,845
Restricted cash		168,043
Other Assets		2,195
Assets, fair value		15,802,641
Liabilities
Repurchase agreements		4,625,403
Notes and bonds payable		8,295,331
Derivative liabilities		42,506
Liabilities, fair value		12,963,240
Recurring Basis [Member] | Fair Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,475,418
Excess mortgage servicing rights, equity method investees, at fair value	[2]	199,145
Servicer advances		6,513,274
Real estate securities, available-for-sale		4,554,657
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		840,903
Consumer loans, held-for-investment		1,865,979
Derivative assets		1,626
Cash and cash equivalents		233,845
Restricted cash		168,043
Other Assets		2,195
Assets, fair value		15,855,085
Liabilities
Repurchase agreements		4,627,431
Notes and bonds payable		8,334,533
Derivative liabilities		42,506
Liabilities, fair value		13,004,470
Recurring Basis [Member] | Fair Value [Member] | Level 1 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	0
Excess mortgage servicing rights, equity method investees, at fair value	[2]	0
Servicer advances		0
Real estate securities, available-for-sale		0
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		0
Consumer loans, held-for-investment		0
Derivative assets		0
Cash and cash equivalents		233,845
Restricted cash		168,043
Other Assets		0
Assets, fair value		401,888
Liabilities
Repurchase agreements		0
Notes and bonds payable		0
Derivative liabilities		0
Liabilities, fair value		0
Recurring Basis [Member] | Fair Value [Member] | Level 2 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	0
Excess mortgage servicing rights, equity method investees, at fair value	[2]	0
Servicer advances		0
Real estate securities, available-for-sale		1,714,159
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		0
Consumer loans, held-for-investment		0
Derivative assets		1,626
Cash and cash equivalents		0
Restricted cash		0
Other Assets		0
Assets, fair value		1,715,785
Liabilities
Repurchase agreements		4,627,431
Notes and bonds payable		0
Derivative liabilities		42,506
Liabilities, fair value		4,669,937
Recurring Basis [Member] | Fair Value [Member] | Level 3 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,475,418
Excess mortgage servicing rights, equity method investees, at fair value	[2]	199,145
Servicer advances		6,513,274
Real estate securities, available-for-sale		2,840,498
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		840,903
Consumer loans, held-for-investment		1,865,979
Derivative assets		0
Cash and cash equivalents		0
Restricted cash		0
Other Assets		2,195
Assets, fair value		13,737,412
Liabilities
Repurchase agreements		0
Notes and bonds payable		8,334,533
Derivative liabilities		0
Liabilities, fair value		$ 8,334,533

[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in servicer advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.

[2] The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.