INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Excess MSR assets	$ 353,746		$ 372,391
Other assets	17,994		17,184
Other liabilities	0		0
Equity	371,740		389,575
New Residential’s investment	$ 185,870		$ 194,788
New Residential’s ownership	50.00%		50.00%
Interest income	$ 4,182	$ 8,081
Other income (loss)	(4,646)	(2,014)
Expenses	(25)	(23)
Net income	$ (489)	$ 6,044