INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands		6 Months Ended
		Jun. 30, 2016 USD ($) loan	Dec. 31, 2015 USD ($)
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)		1 year 1 month 1 day
Threshold period past due		60 days
Discount on borrowings, net of amortization		$ 20,700
Reverse Mortgage Loans, Held-For-Investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	0
Carrying Value	[1],[2]	$ 0	$ 19,560
Loan Count | loan	[1],[2]	0
Weighted Average Yield	[1],[2]	0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount	[1],[2]	0.00%
Loan to Value Ratio (LTV)	[1],[2],[3]	0.00%
Weighted Average Delinquency	[1],[2],[4]	0.00%
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[5]	$ 0
Carrying Value	[5]	$ 0	19,964
Loan Count | loan	[5]	0
Weighted Average Yield	[5]	0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount	[5]	0.00%
Loan to Value Ratio (LTV)	[3],[5]	0.00%
Weighted Average Delinquency	[4],[5]	0.00%
Weighted Average FICO	[5],[6]	0
Performing Loans [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Threshold period past due		30 days
Purchased Credit Deteriorated Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[7]	$ 0
Carrying Value	[7]	$ 0	290,654
Loan Count | loan	[7]	0
Weighted Average Yield	[7]	0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount	[7]	0.00%
Loan to Value Ratio (LTV)	[3],[7]	0.00%
Weighted Average Delinquency	[4],[7]	0.00%
Weighted Average FICO	[6],[7]	0
Residential Mortgage Loans, held-for-investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 0
Carrying Value		$ 0	330,178
Loan Count | loan		0
Weighted Average Yield		0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount		0.00%
Loan to Value Ratio (LTV)	[3]	0.00%
Weighted Average Delinquency	[4]	0.00%
Weighted Average FICO	[6]	0
Reverse Mortgage Loans, Held-For-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	$ 26,679
Carrying Value	[1],[2]	$ 14,458	0
Loan Count | loan	[1],[2]	87
Weighted Average Yield	[1],[2]	7.10%
Weighted Average Life (Years)	[1],[2],[8]	4 years 5 months 30 days
Floating Rate Loans as a % of Face Amount	[1],[2]	15.80%
Loan to Value Ratio (LTV)	[1],[2],[3]	135.10%
Weighted Average Delinquency	[1],[2],[4]	67.60%
Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[5],[7]	$ 83,662
Carrying Value	[5],[7]	$ 87,556	277,084
Loan Count | loan	[5],[7]	1,557
Weighted Average Yield	[5],[7]	4.00%
Weighted Average Life (Years)	[5],[7],[8]	3 years 6 months 14 days
Floating Rate Loans as a % of Face Amount	[5],[7]	4.60%
Loan to Value Ratio (LTV)	[3],[5],[7]	85.90%
Weighted Average Delinquency	[4],[5],[7]	5.90%
Weighted Average FICO	[5],[6],[7]	598
Non-Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[9],[10]	$ 956,503
Carrying Value	[9],[10]	$ 721,988	499,597
Loan Count | loan	[9],[10]	5,234
Weighted Average Yield	[9],[10]	5.50%
Weighted Average Life (Years)	[8],[9],[10]	2 years 9 months 27 days
Floating Rate Loans as a % of Face Amount	[9],[10]	16.30%
Loan to Value Ratio (LTV)	[3],[9],[10]	104.10%
Weighted Average Delinquency	[4],[9],[10]	80.60%
Weighted Average FICO	[6],[9],[10]	579
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 1,066,844
Carrying Value		$ 824,002	$ 776,681
Loan Count | loan		6,878
Weighted Average Yield		5.50%
Weighted Average Life (Years)	[8]	2 years 11 months 2 days
Floating Rate Loans as a % of Face Amount		15.40%
Loan to Value Ratio (LTV)	[3]	103.50%
Weighted Average Delinquency	[4]	74.40%
Weighted Average FICO	[6]	581
Non-Performing Loans [Member] | Ginnie Mae [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance		$ 180,300
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans		70.00%
Unpaid principal balance		$ 400
Percentage of loans that have reached a termination event		59.00%

[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.

[2] Represents a 70% participation interest that New Residential holds in a portfolio of reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.4 million. Approximately 59% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans.

[3] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.

[4] Represents the percentage of the total principal balance that are 60+ days delinquent.

[5] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $20.7 million.

[6] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.

[7] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of June 30, 2016, New Residential has placed all of these loans on nonaccrual status, except as described in (J) below.

[8] The weighted average life is based on the expected timing of the receipt of cash flows.

[9] Includes $180.3 million UPB of Ginnie Mae EBO non-performing loans on accrual status because contractual cash flows are guaranteed by the FHA.

[10] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of June 30, 2016, New Residential has placed all of these loans on nonaccrual status, except as described in (J) below.