FAIR VALUE MEASUREMENT - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 17,910,000	$ 6,745,000
Weighted Average Life (Years)		1 year 6 months 23 days
Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Interest in reverse mortgage loans		70.00%
Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Weighted Average Life (Years)		0 years
Residential Mortgage [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ (3,472,000)
Discount Rate		5.30%
Weighted Average Life (Years)	[1]	3 years 4 months 13 days
Loss Severity	[2]	31.70%
Residential Mortgage [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year	[3]	$ 0
Discount Rate	[3]	7.00%
Weighted Average Life (Years)	[1],[3]	4 years 8 months 20 days
Loss Severity	[2],[3]	8.60%
Residential Mortgage [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 0
Discount Rate		4.50%
Weighted Average Life (Years)	[1]	4 years 1 month
Prepayment Rate		10.70%
CDR	[4]	1.00%
Loss Severity	[2]	36.20%
Residential Mortgage [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ (3,472,000.000)
Discount Rate		5.60%
Weighted Average Life (Years)	[1]	3 years 1 day
Prepayment Rate		2.30%
CDR	[4]	3.00%
Loss Severity	[2]	30.00%
Residential Mortgage [Member] | Carrying Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		$ 992,109,000
Residential Mortgage [Member] | Carrying Value [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value	[3]	10,813,000
Residential Mortgage [Member] | Carrying Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		317,081,000
Residential Mortgage [Member] | Carrying Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		664,215,000
Residential Mortgage [Member] | Fair Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		1,010,145,000
Residential Mortgage [Member] | Fair Value [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	[3]	12,112,000
Residential Mortgage [Member] | Fair Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		320,236,000
Residential Mortgage [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		677,797,000
Consumer Loan [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 19,886,000
Discount Rate		9.20%
Weighted Average Life (Years)	[1]	3 years 9 months 2 days
Prepayment Rate		15.80%
CDR	[4]	6.00%
Loss Severity	[2]	87.70%
Consumer Loan [Member] | Carrying Value [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		$ 1,679,818,000
Consumer Loan [Member] | Fair Value [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 1,694,916,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		4.80%
Weighted Average Life (Years)	[5]	5 years 9 months 13 days
Prepayment Rate		7.50%
Loss Severity	[6]	31.20%
Fair Value, Measurements, Nonrecurring [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		3.90%
Weighted Average Life (Years)	[5]	7 years 1 month 9 days
Prepayment Rate		9.80%
CDR	[7]	1.60%
Loss Severity	[6]	31.80%
Fair Value, Measurements, Nonrecurring [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		6.50%
Weighted Average Life (Years)	[5]	3 years 1 month 21 days
Prepayment Rate		3.00%
CDR	[7]	3.00%
Loss Severity	[6]	30.00%
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 249,014,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		166,025,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 82,989,000

[1] The weighted average life is based on the expected timing of the receipt of cash flows.

[2] Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

[3] Carrying value and fair value represent a 70% participation interest New Residential holds in the portfolio of reverse mortgage loans.

[4] Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.

[5] The weighted average life is based on the expected timing of the receipt of cash flows.

[6] Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

[7] Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.