INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Investments in Excess MSRs (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Investment [Line Items]
Weighted Average Life (Years)		1 year 10 months 3 days
Carrying Value		$ 659,483		$ 0
Principal investment gain (loss)		(7,297)		38,643		$ 41,615
Original and Recaptured Pools [Member]
Investment [Line Items]
Principal investment gain (loss)		(11,221)		34,936		35,000
Recapture Agreements [Member]
Investment [Line Items]
Principal investment gain (loss)		3,924		3,707		6,615
Excess MSRs [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 277,975,997		$ 329,367,971
Weighted Average Life (Years)	[1]	6 years 4 months 24 days		6 years 2 months 12 days
Amortized Cost Basis	[2]	$ 1,258,588		$ 1,433,354
Carrying Value		1,399,455	[3]	1,581,517	[3]	417,733
Excess MSRs [Member] | Nationstar [Member]
Investment [Line Items]
Carrying Value		611,293		698,304		$ 409,076
Excess MSRs [Member] | Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 78,295,454		$ 93,441,696
Weighted Average Life (Years)	[1]	6 years 4 months 24 days		6 years 4 months 24 days
Amortized Cost Basis	[2]	$ 322,032		$ 372,105
Carrying Value	[3]	381,757		437,201
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 78,295,454		$ 93,441,696
Weighted Average Life (Years)	[1]	5 years 10 months 24 days		5 years 9 months 18 days
Amortized Cost Basis	[2]	$ 296,508		$ 335,478
Carrying Value	[3]	$ 330,323		$ 378,083
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	32.50%		32.50%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	66.70%		66.70%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	53.30%		53.20%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Fortress [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%		0.00%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Fortress [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%		40.00%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Nationstar [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%		20.00%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Nationstar [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%		35.00%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 0		$ 0
Weighted Average Life (Years)	[1]	12 years 3 months 18 days		12 years
Amortized Cost Basis	[2]	$ 25,524		$ 36,627
Carrying Value	[3]	$ 51,434		$ 59,118
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	32.50%		32.50%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	66.70%		66.70%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[4]	53.30%		53.20%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Fortress [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%		0.00%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Fortress [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%		40.00%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Nationstar [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%		20.00%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Nationstar [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%		35.00%
Excess MSRs [Member] | Non-Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 199,680,543		$ 235,926,275
Weighted Average Life (Years)	[1],[5]	6 years 4 months 24 days		6 years 1 month 6 days
Amortized Cost Basis	[2],[5]	$ 936,556		$ 1,061,249
Carrying Value	[3],[5]	1,017,698		1,144,316
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 78,209,375		$ 94,923,975
Weighted Average Life (Years)	[1],[5]	5 years 2 months 12 days		5 years 2 months 12 days
Amortized Cost Basis	[2],[5]	$ 183,775		$ 210,691
Carrying Value	[3],[5]	$ 219,980		$ 250,662
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	100.00%		80.00%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	59.40%		58.90%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Fortress [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Fortress [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	50.00%		50.00%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Nationstar [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Nationstar [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 0		$ 0
Weighted Average Life (Years)	[1],[5]	12 years 2 months 12 days		12 years 3 months 18 days
Amortized Cost Basis	[2],[5]	$ 11,370		$ 14,130
Carrying Value	[3],[5]	$ 13,491		$ 15,748
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	100.00%		80.00%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[4],[5]	59.40%		58.90%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Fortress [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Fortress [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	50.00%		50.00%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Nationstar [Member] | Lower Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Nationstar [Member] | Upper Range [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%		33.30%
Excess MSRs [Member] | Non-Agency [Member] | Serviced Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 121,471,168		$ 141,002,300
Interest in Excess MSR	[4],[5]	100.00%		100.00%
Weighted Average Life (Years)	[1]	6 years 7 months 6 days	[5]	6 years 2 months 12 days
Amortized Cost Basis	[2],[5]	$ 741,411		$ 836,428
Carrying Value	[3],[5]	$ 784,227		$ 877,906
Excess MSRs [Member] | Non-Agency [Member] | Serviced Pools [Member] | Fortress [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Excess MSRs [Member] | Non-Agency [Member] | Serviced Pools [Member] | Nationstar [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%		0.00%
Corporate Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[6]	$ 186,362,657		$ 220,256,804

[1] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

[2] The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired.

[3] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.

[4] Amounts in parentheses represent weighted averages.

[5] New Residential also invested in related Servicer Advances, including the basic fee component of the related MSR as of December 31, 2016 and 2015 (Note 6) on $186.4 billion and $220.3 billion UPB, respectively, underlying these Excess MSRs.

[6] The following types of advances comprise the investments in Servicer Advances: December 31, 2016 2015Principal and interest advances$1,489,929 $2,229,468Escrow advances (taxes and insurance advances)2,613,050 3,687,559Foreclosure advances1,514,780 1,661,083 Total$5,617,759 $7,578,110