SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Other Assets and Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Other Assets
Margin receivable, net		$ 55,481	$ 54,459
Other receivables	[1]	16,350	5,829
Principal paydown receivable		999	795
Receivable from government agency	[2]	54,706	68,833
Call rights		337	414
Derivative assets		6,762	2,689
Interest receivable		51,739	36,963
Due from servicers		22,134	5,064
Other assets, other		21,161	14,675
Other Assets		291,586	239,446
Accrued Expenses and Other Liabilities
Interest payable		23,108	18,268
Accounts payable		31,299	18,650
Derivative liabilities		3,021	13,443
Current taxes payable		2,314	1,573
Due to servicers		13,032	0
Deferred purchase price of MSRs		90,058	0
Other liabilities		8,118	6,112
Accrued Expenses and Other Liabilities		170,950	58,046
Ginnie Mae EBO [Member]
Other Assets
Servicer advances receivable, net	[3]	14,829	49,725
New Residential Mortgage LLC [Member]
Other Assets
Servicer advances receivable, net	[4]	$ 47,088	$ 0

[1] Primarily includes a receivable from Ocwen related to their servicer rating downgrade, servicing fee receivables and receivables related to residual securities owned as of December 31, 2016.

[2] Represents claims receivable from the FHA on EBO and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.

[3] Represents an HLSS (Note 1) loan to a counterparty collateralized by Servicer Advances on Ginnie Mae EBO loans.

[4] Represents Servicer Advances due to New Residential’s licensed servicer subsidiary, NRM (Note 5). These advances are recorded at cost, subject to impairment. Any related purchase discounts are accreted into interest income on a straight-line basis over the estimated weighted average life of the advances.