INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Servicing Asset at Amortized Cost [Line Items]
Weighted Average Life (Years)		1 year 10 months 3 days
Carrying Value		$ 659,483	$ 0
MSRs [Member]
Servicing Asset at Amortized Cost [Line Items]
Discount rate		12.00%
UPB of Underlying Mortgages		$ 79,935,302
Weighted Average Life (Years)	[1]	7 years 10 days
Amortized Cost Basis		$ 555,804
Carrying Value	[2]	659,483
MSRs [Member] | Ditech Financial LLC [Member]
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages		$ 67,560,362
Weighted Average Life (Years)	[1]	7 years 28 days
Amortized Cost Basis		$ 468,207
Carrying Value	[2]	546,011
MSRs [Member] | FirstKey Mortgage, LLC [Member]
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages		$ 12,374,940
Weighted Average Life (Years)	[1]	6 years 9 months 15 days
Amortized Cost Basis		$ 87,597
Carrying Value	[2]	$ 113,472

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

[2] Carrying Value represents fair value. As of December 31, 2016, a weighted average discount rate of 12.0% was used to value New Residential’s investments in MSRs.