INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)		Jun. 30, 2016	Dec. 31, 2015
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	[1]	$ 6,513,274,000	$ 7,426,794,000
Face Amount of Notes and Bonds Payable		12,944,157,000
Non-Agency Bonds [Member]
Investments in and Advances to Affiliates [Line Items]
Face Amount of Notes and Bonds Payable		196,700,000.0
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages	[2]	204,178,326,000	220,256,804,000
Outstanding Servicer Advances	[2]	$ 6,608,084,000	$ 7,578,110,000
Servicer Advances to UPB of Underlying Residential Mortgage Loans	[2]	3.20%	3.40%
Face Amount of Notes and Bonds Payable	[2]	$ 6,277,128,000	$ 7,058,094,000
Gross Loan-to-Value	[2],[3]	92.40%	91.20%
Net Loan-to-Value	[2],[3],[4]	91.20%	90.20%
Gross Cost of Funds	[2],[5]	3.60%	3.40%
Net Cost of Funds	[2],[5]	2.80%	2.60%
Gross LTV, including deferred servicing fees		87.70%
Net LTV, including deferred servicing fees		86.70%
Gross LTV, if sold		95.30%
Net LTV, if sold		94.10%
Servicer Advance Joint Venture [Member] | Non-Agency Bonds [Member]
Investments in and Advances to Affiliates [Line Items]
Retained non-agency bonds, face amount		$ 196,700,000

[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 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

[3] Based on outstanding Servicer Advances, excluding purchased but unsettled Servicer Advances and certain deferred servicing fees (“DSF”) on which New Residential receives financing. If New Residential were to include these DSF in the servicer advance balance, gross and net LTV as of June 30, 2016 would be 87.7% and 86.7%, respectively. Also excludes retained non-agency bonds with a current face amount of $196.7 million from the outstanding Servicer Advances debt. If New Residential were to sell these bonds, gross and net LTV as of June 30, 2016 would be 95.3% and 94.1%, respectively.

[4] Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.

[5] Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees.