INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Investment [Line Items]
Total	[1]	$ 5,706,593	$ 7,426,794
Corporate Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
Principal and interest advances		1,489,929	2,229,468
Escrow advances (taxes and insurance advances)		2,613,050	3,687,559
Foreclosure advances		1,514,780	1,661,083
Total	[2]	$ 5,617,759	$ 7,578,110

[1] New Residential’s Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.

[2] 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