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INVESTMENTS IN CONSUMER LOANS - Summary of Equity Method Investments Prior to Consolidation (Details) - Consumer Loan Companies [Member] - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Oct. 03, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Apr. 30, 2013
Schedule of Consumer Loans [Line Items]          
Interest income   $ 100,131 $ 455,479 $ 534,990  
Interest expense   (19,654) (87,000) (81,706)  
Provision for finance receivable losses   (14,043) (67,935) (104,921)  
Other expenses, net   (13,239) (60,263) (74,781)  
Change in fair value of debt   0 0 (14,810)  
Loss on extinguishment of debt   0 0 (21,151)  
Net income   $ 53,195 $ 240,281 $ 237,621  
New Residential’s equity in net income through October 3, 2014 $ 53,840        
New Residential’s ownership   30.00% 30.00% 30.00% 30.00%
Tax withholding payments on behalf of New Residential, treated as non-cash distributions   $ 25 $ 585 $ 609  
Distributions in excess of basis, treated as gains, excluding tax withholding payments   $ 9,918 $ 43,369 $ 91,411