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INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Servicing Fee Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
[1]
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Transfers and Servicing [Abstract]              
Servicing fee revenue         $ 29,168    
Ancillary and other fees         676    
Servicing fee revenue and fees         29,844    
Amortization of servicing rights         (15,354)    
Change in valuation inputs and assumptions         103,679    
Servicing revenue, net $ 118,169 $ 0 $ 0 $ 0 $ 118,169 $ 0 $ 0
[1] New Residential completed significant transactions in the fourth quarter of 2016, as described in Notes 5, 8 and 9, as well as certain financings included in Note 11.