FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances [Member]	6 Months Ended
	Jun. 30, 2016
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.20%
Prepayment Speed	10.20%	[1]
Delinquency	14.90%
Mortgage Servicing Amount (bps)	0.00088	[2]
Discount Rate	5.40%
Weighted Average [Member]
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Collateral Weighted Average Maturity (in years)	24 years 6 months 10 days

[1] Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.

[2] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.