INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details) - Excess MSRs Investees [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Excess MSR assets	$ 382,253		$ 382,253		$ 421,999
Other assets	16,037		16,037		12,442
Other liabilities	0		0		0
Equity	398,290		398,290		434,441
New Residential’s investment	$ 199,145		$ 199,145		$ 217,221
New Residential’s ownership	50.00%		50.00%		50.00012%
Interest income	$ 4,240	$ 9,216	$ 12,321	$ 20,917
Other income (loss)	(5,569)	(3,005)	(7,583)	(4,840)
Expenses	(21)	(22)	(44)	(46)
Net income	$ (1,350)	$ 6,189	$ 4,694	$ 16,031