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FAIR VALUE MEASUREMENT - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Gains (losses) included in net income      
Included in gain (loss) on settlement of investments, net $ (48,800) $ (19,626) $ 31,297
Excess MSRs Investees [Member]      
Purchases, sales and repayments      
New Residential’s ownership 50.00% 50.00%  
Recurring Basis [Member] | Level 3 [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning $ 10,809,815 $ 4,742,448  
Transfers      
Transfers from Level 3 [1] 0 0  
Transfers to Level 3 [1] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1]   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2] (10,264) (5,788)  
Included in change in fair value of investments in excess mortgage servicing rights [2] (7,297) 38,643  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2] 16,526 31,160  
Included in servicing revenue, net [3] 88,325    
Included in change in fair value of investments in servicer advances (7,768) (57,491)  
Included in gain (loss) on settlement of investments, net (18,117) 3,061  
Included in other income (loss), net [2] (2,073) 3,878  
Gains (losses) included in other comprehensive income [4] 124,669 (6,701)  
Interest income 724,197 556,513  
Purchases, sales and repayments      
Purchases 18,584,507 22,502,710  
Proceeds from sales (261,192) (425,761)  
Proceeds from repayments (18,537,449) (16,689,689)  
Other transfers   116,832  
Balance, ending 11,503,879 10,809,815 4,742,448
Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 7,426,794 3,270,839  
Transfers      
Transfers from Level 3 [1] 0 0  
Transfers to Level 3 [1] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1]   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights [2] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2] 0 0  
Included in servicing revenue, net [3]    
Included in change in fair value of investments in servicer advances (7,768) (57,491)  
Included in gain (loss) on settlement of investments, net 0 0  
Included in other income (loss), net [2] 0 0  
Gains (losses) included in other comprehensive income [4] 0 0  
Interest income 364,350 352,316  
Purchases, sales and repayments      
Purchases 15,266,816 20,042,582  
Proceeds from sales 0 0  
Proceeds from repayments (17,343,599) (16,181,452)  
Other transfers   0  
Balance, ending 5,706,593 7,426,794 3,270,839
Recurring Basis [Member] | Level 3 [Member] | Mortgage Servicing Rights [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning [5] 0 0  
Transfers      
Transfers from Level 3 [1],[5] 0  
Transfers to Level 3 [1],[5] 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1],[5]   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2],[5] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights [2],[5] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2],[5] 0 0  
Included in servicing revenue, net [3],[5] 88,325    
Included in change in fair value of investments in servicer advances [5] 0 0  
Included in gain (loss) on settlement of investments, net [5] 0 0  
Included in other income (loss), net [2],[5] 0 0  
Gains (losses) included in other comprehensive income [4],[5] 0 0  
Interest income [5] 0 0  
Purchases, sales and repayments      
Purchases [5] 571,158 0  
Proceeds from sales [5] 0 0  
Proceeds from repayments [5] 0 0  
Other transfers [5]   0  
Balance, ending [5] 659,483 0 0
Recurring Basis [Member] | Level 3 [Member] | Non-Agency RMBS [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning 1,584,283 723,000  
Transfers      
Transfers from Level 3 [1] 0 0  
Transfers to Level 3 [1] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1]   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2] (10,264) (5,788)  
Included in change in fair value of investments in excess mortgage servicing rights [2] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2] 0 0  
Included in servicing revenue, net [3]    
Included in change in fair value of investments in servicer advances 0 0  
Included in gain (loss) on settlement of investments, net (18,117) 3,061  
Included in other income (loss), net [2] (4,875) 879  
Gains (losses) included in other comprehensive income [4] 124,669 (6,701)  
Interest income 209,706 69,632  
Purchases, sales and repayments      
Purchases 2,746,409 1,288,901  
Proceeds from sales (261,192) (425,761)  
Proceeds from repayments (827,059) (179,772)  
Other transfers   116,832  
Balance, ending 3,543,560 1,584,283 723,000
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning [5] 437,201 217,519  
Transfers      
Transfers from Level 3 [1],[5] 0 0  
Transfers to Level 3 [1],[5] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1],[5]   0  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2],[5] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights [2],[5] (5,372) (3,080)  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2],[5] 0 0  
Included in servicing revenue, net [3],[5]    
Included in change in fair value of investments in servicer advances [5] 0 0  
Included in gain (loss) on settlement of investments, net [5] 0 0  
Included in other income (loss), net [2],[5] 2,452 2,852  
Gains (losses) included in other comprehensive income [4],[5] 0 0  
Interest income [5] 35,526 30,742  
Purchases, sales and repayments      
Purchases [5] 0 254,149  
Proceeds from sales [5] 0 0  
Proceeds from repayments [5] (88,050) (64,981)  
Other transfers [5]   0  
Balance, ending [5] 381,757 437,201 217,519
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member] | Excess MSRs Investees [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning [5],[6] 217,221 [3] 330,876  
Transfers      
Transfers from Level 3 [1],[5],[6] 0 0  
Transfers to Level 3 [1],[5],[6] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1],[5],[6]   (98,258)  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2],[5],[6] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights [2],[5],[6] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2],[5],[6] 16,526 31,160  
Included in servicing revenue, net [3],[5],[6]    
Included in change in fair value of investments in servicer advances [5],[6] 0 0  
Included in gain (loss) on settlement of investments, net [5],[6] 0 0  
Included in other income (loss), net [2],[5],[6] 0 0  
Gains (losses) included in other comprehensive income [4],[5],[6] 0 0  
Interest income [5],[6] 0 0  
Purchases, sales and repayments      
Purchases [5],[6] 0 0  
Proceeds from sales [5],[6] 0 0  
Proceeds from repayments [5],[6] (38,959) (46,557)  
Other transfers [5],[6]   0  
Balance, ending [5],[6] 194,788 217,221 [3] 330,876
Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member]      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Balance, beginning [5] 1,144,316 200,214  
Transfers      
Transfers from Level 3 [1],[5] 0 0  
Transfers to Level 3 [1],[5] 0 0  
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights [1],[5]   98,258  
Gains (losses) included in net income      
Included in other-than-temporary impairment (''OTTI'') on securities [2],[5] 0 0  
Included in change in fair value of investments in excess mortgage servicing rights [2],[5] (1,925) 41,723  
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees [2],[5] 0 0  
Included in servicing revenue, net [3],[5]    
Included in change in fair value of investments in servicer advances [5] 0 0  
Included in gain (loss) on settlement of investments, net [5] 0 0  
Included in other income (loss), net [2],[5] 350 147  
Gains (losses) included in other comprehensive income [4],[5] 0 0  
Interest income [5] 114,615 103,823  
Purchases, sales and repayments      
Purchases [5] 124 917,078  
Proceeds from sales [5] 0 0  
Proceeds from repayments [5] (239,782) (216,927)  
Other transfers [5]   0  
Balance, ending [5] $ 1,017,698 $ 1,144,316 $ 200,214
[1] Transfers are assumed to occur at the beginning of the respective period.
[2] The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period.
[3] The components of Servicing revenue, net are disclosed in Note 5.
[4] These gains (losses) were included in net unrealized gain (loss) on securities in the Consolidated Statements of Comprehensive Income.
[5] Includes the recapture agreement for each respective pool.
[6] Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.