INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Total	[1]	$ 5,037,172	$ 5,706,593
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
Principal and interest advances		1,281,528	1,489,929
Escrow advances (taxes and insurance advances)		2,345,717	2,613,050
Foreclosure advances		1,451,023	1,514,780
Total	[2]	$ 5,078,268	$ 5,617,759

[1] New Residential’s Condensed 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: March 31, 2017December 31, 2016Principal and interest advances$1,281,528$1,489,929Escrow advances (taxes and insurance advances)2,345,7172,613,050Foreclosure advances1,451,0231,514,780Total$5,078,268 $5,617,759