INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 659,483
Ending balance	1,694,792
Excess MSRs [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	1,399,455	[1]
Purchases	0
Interest income	(31,417)
Other income	(627)
Proceeds from repayments	(62,979)
Change in fair value	821
Ending balance	1,369,341	[1]
Excess MSRs [Member] | Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	611,293
Purchases	0
Interest income	(13,120)
Other income	(627)
Proceeds from repayments	(31,745)
Change in fair value	4,582
Ending balance	597,877
Excess MSRs [Member] | SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	3,935	[2]
Purchases	0	[2]
Interest income	123	[2]
Other income	0	[2]
Proceeds from repayments	(231)	[2]
Change in fair value	115	[2]
Ending balance	3,696	[2]
Excess MSRs [Member] | Ocwen [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	784,227	[3]
Purchases	0	[3]
Interest income	(18,420)	[3]
Other income	0	[3]
Proceeds from repayments	(31,003)	[3]
Change in fair value	(3,876)	[3]
Ending balance	$ 767,768	[3]

[1] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.

[2] Specialized Loan Servicing LLC (“SLS”).

[3] Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS.