INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - Excess MSRs [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 1,581,517	[1]
Purchases	0
Interest income	76,231
Other income	1,420
Proceeds from repayments	(176,413)
Change in fair value	(7,337)
Ending balance	1,475,418	[1]
Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	698,304
Purchases	0
Interest income	31,851
Other income	1,420
Proceeds from repayments	(77,115)
Change in fair value	(6,830)
Ending balance	647,630
SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	5,307	[2]
Purchases	0	[2]
Interest income	7	[2]
Other income	0	[2]
Proceeds from repayments	(547)	[2]
Change in fair value	(26)	[2]
Ending balance	4,741	[2]
Ocwen [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	877,906	[3]
Purchases	0	[3]
Interest income	44,373	[3]
Other income	0	[3]
Proceeds from repayments	(98,751)	[3]
Change in fair value	(481)	[3]
Ending balance	$ 823,047	[3]

[1] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.

[2] Specialized Loan Servicing LLC (“SLS”).

[3] Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS.