INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures - Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Recurring Basis [Member]
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance	$ 217,221	$ 330,876
Contributions to equity method investees	0	0
Transfers to direct ownership	0	(98,258)
Distributions of earnings from equity method investees	(22,046)	(37,874)
Distributions of capital from equity method investees	(16,913)	(8,683)
Change in fair value of investments in equity method investees	16,526	31,160
Ending balance	$ 194,788	$ 217,221
Excess MSRs Investees [Member]
Schedule of MSRs [Line Items]
New Residential’s ownership	50.00%	50.00%
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance	$ 217,221
Ending balance	$ 194,788	$ 217,221
MSRs [Member] | Excess MSRs Investees [Member]
Schedule of MSRs [Line Items]
New Residential’s ownership	50.00%