INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investment [Line Items]
Weighted Average Life (Years)				1 year 1 month 1 day
Principal investment gain (loss)		$ (15,263)	$ 356	$ (7,337)	$ (1,405)
Original and Recaptured Pools [Member]
Investment [Line Items]
Principal investment gain (loss)		(18,694)	(3,441)	(12,997)	(5,418)
Recapture Agreements [Member]
Investment [Line Items]
Principal investment gain (loss)		3,431	$ 3,797	5,660	$ 4,013
Excess MSRs [Member]
Investment [Line Items]
UPB of Underlying Mortgages		304,297,824		$ 304,297,824
Weighted Average Life (Years)	[1]			6 years 3 months 18 days
Amortized Cost Basis	[2]	1,334,593		$ 1,334,593
Carrying Value	[3]	1,475,418		1,475,418		$ 1,581,517
Excess MSRs [Member] | Nationstar [Member]
Investment [Line Items]
Carrying Value		647,630		647,630		698,304
Excess MSRs [Member] | Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages		86,059,850		$ 86,059,850
Weighted Average Life (Years)	[1]			6 years 4 months 24 days
Amortized Cost Basis	[2]	341,514		$ 341,514
Carrying Value	[3]	399,181		399,181		437,201
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages		86,059,850		$ 86,059,850
Weighted Average Life (Years)	[1]			5 years 10 months 24 days
Amortized Cost Basis	[2]	310,047		$ 310,047
Carrying Value	[3]	339,795		339,795		378,083
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages		0		$ 0
Weighted Average Life (Years)	[1]			11 years 9 months 18 days
Amortized Cost Basis	[2]	31,467		$ 31,467
Carrying Value	[3]	$ 59,386		$ 59,386		59,118
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		32.50%		32.50%
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		32.50%		32.50%
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Fortress [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%		0.00%
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Fortress [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%		0.00%
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Nationstar [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%		20.00%
Excess MSRs [Member] | Agency [Member] | Minimum [Member] | Nationstar [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%		20.00%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		66.70%		66.70%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		66.70%		66.70%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Fortress [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%		40.00%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Fortress [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%		40.00%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Nationstar [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%		35.00%
Excess MSRs [Member] | Agency [Member] | Maximum [Member] | Nationstar [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%		35.00%
Excess MSRs [Member] | Agency [Member] | Weighted Average [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR		53.20%		53.20%
Excess MSRs [Member] | Agency [Member] | Weighted Average [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR		53.40%		53.40%
Excess MSRs [Member] | Non-Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[4]	$ 218,237,974		$ 218,237,974
Weighted Average Life (Years)	[1],[4]			6 years 2 months 12 days
Amortized Cost Basis	[2],[4]	993,079		$ 993,079
Carrying Value	[3],[4]	1,076,237		1,076,237		1,144,316
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[4]	86,966,711		$ 86,966,711
Weighted Average Life (Years)	[1],[4]			5 years 2 months 12 days
Amortized Cost Basis	[2],[4]	197,976		$ 197,976
Carrying Value	[3],[4]	238,288		238,288		250,662
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[4]	0		$ 0
Weighted Average Life (Years)	[1],[4]			12 years 2 months 12 days
Amortized Cost Basis	[2],[4]	13,052		$ 13,052
Carrying Value	[3],[4]	14,902		14,902		15,748
Excess MSRs [Member] | Non-Agency [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[4]	$ 131,271,263		$ 131,271,263
Interest in Excess MSR	[4],[5]	100.00%		100.00%
Weighted Average Life (Years)	[1],[4]			6 years 3 months 18 days
Amortized Cost Basis	[2],[4]	$ 782,051		$ 782,051
Carrying Value	[3],[4]	$ 823,047		$ 823,047		877,906
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Fortress [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Fortress [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Nationstar [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Minimum [Member] | Nationstar [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	80.00%		80.00%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	80.00%		80.00%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Fortress [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	50.00%		50.00%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Fortress [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	50.00%		50.00%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Nationstar [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Maximum [Member] | Nationstar [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Weighted Average [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	59.20%		59.20%
Excess MSRs [Member] | Non-Agency [Member] | Weighted Average [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	56.80%		56.80%
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[6]	$ 204,178,326		$ 204,178,326		$ 220,256,804

[1] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

[2] The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired.

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

[4] New Residential also invested in the related Servicer Advances, including the basic fee component of the related MSR as of June 30, 2016 (Note 6) on $204.2 billion UPB underlying these Excess MSRs.

[5] Amounts in parentheses represent weighted averages.

[6] The following types of advances comprise the investments in Servicer Advances: June 30, 2016December 31, 2015Principal and interest advances$1,789,049$2,229,468Escrow advances (taxes and insurance advances)3,161,4583,687,559Foreclosure advances1,657,5771,661,083Total$6,608,084 $7,578,110