INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Servicing Asset at Amortized Cost [Line Items]
Weighted Average Life (Years)		1 year 6 months 23 days
Carrying Value		$ 1,694,792	$ 659,483
MSRs [Member]
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages		$ 185,291,769
Weighted Average Life (Years)	[1]	6 years 9 months 6 days
Amortized Cost Basis		$ 1,591,872
Carrying Value	[2]	$ 1,694,792
Discount rate		11.50%

[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 March 31, 2017, a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs.