INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Direct Investments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended				6 Months Ended			6 Months Ended									6 Months Ended			6 Months Ended							6 Months Ended							6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 MSR Pool 1	Dec. 13, 2011 MSR Pool 1	Jun. 30, 2014 MSR Pool 1 - Recapture Agreement	Jun. 30, 2014 MSR Pool 2	Jun. 05, 2012 MSR Pool 2	Jun. 30, 2014 MSR Pool 2 - Recapture Agreement	Jun. 30, 2014 MSR Pool 3	Jun. 30, 2014 MSR Pool 3 - Recapture Agreement	Jun. 30, 2014 MSR Pool 4	Jun. 30, 2014 MSR Pool 4 - Recapture Agreement	Jun. 30, 2014 MSR Pool 5	Jun. 30, 2014 MSR Pool 5 - Recapture Agreement	Jun. 30, 2014 MSR Pool 11	May 20, 2013 MSR Pool 11	Jun. 30, 2014 MSR Pool 11 - Recapture Agreement	Jun. 30, 2014 MSR Pool 12	Sep. 23, 2013 MSR Pool 12	Jun. 30, 2014 MSR Pool 12 - Recapture Agreement	Jun. 30, 2014 MSR Pool 14	Jun. 30, 2014 MSR Pool 14 - Recapture Agreement	Jun. 30, 2014 MSR Pool 16	Jun. 30, 2014 MSR Pool 16 - Recapture Agreement	Jun. 30, 2014 MSR Pool 17	Jan. 17, 2014 MSR Pool 17	Jun. 30, 2014 MSR Pool 17 - Recapture Agreement	Jun. 30, 2014 MSR Pool 18	Jun. 30, 2014 MSR Pool 18 - Recapture Agreement	Jun. 30, 2014 MSR Pool 19	Jun. 30, 2014 MSR Pool 19 - Recapture Agreement	Jun. 30, 2014 MSR Pool 20	May 13, 2014 MSR Pool 20	Jun. 30, 2014 MSR Pool 20 - Recapture Agreement
Investment [Line Items]
Unpaid principal balance of underlying loans	$ 95,166,259		$ 95,166,259		$ 6,431,132		$ 0	$ 7,461,126		$ 0	$ 7,369,718	$ 0	$ 4,803,347	$ 0	$ 34,537,052	$ 0	$ 437,676		$ 0	$ 4,814,648		$ 0	$ 952,767	$ 0	$ 1,412,598	$ 0	$ 7,953,370	$ 8,100,000	$ 0	$ 8,041,279	$ 0	$ 10,249,845	$ 0	$ 701,701	$ 700,000	$ 0
Percentage of Investment owned by New Residential					65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	80.00%	80.00%	66.70%	66.70%	66.70%	40.00%	40.00%	40.00%	33.30%	33.30%	33.30%	33.30%	33.30%	33.30%	33.30%	40.00%	40.00%	33.30%	33.30%	33.30%		33.30%
Amortized Cost Basis	297,592		297,592		24,518		108	28,157		327	23,233	1,877	9,399	2,020	110,258	8,913	1,996		254	14,990		462	2,252	140	2,177	662	18,481		1,114	14,395	1,111	26,822	1,703	2,030		193
Carrying Value	372,416		372,416		34,313		6,102	32,951		6,089	31,000	6,226	13,852	3,860	136,962	6,111	2,356		293	17,574		236	2,470	170	2,211	767	18,876		644	15,743	818	28,407	1,941	2,206		238
Weighted average life			5 years 9 months 18 days		5 years 3 months 18 days		12 years	5 years 6 months		12 years 7 months 6 days	5 years 1 month 6 days	12 years 1 month 6 days	4 years 9 months 18 days	12 years 1 month 6 days	5 years 4 months 24 days	13 years	6 years 6 months		13 years 10 months 24 days	4 years 9 months 18 days		12 years 8 months 12 days	5 years 3 months 18 days	12 years 10 months 24 days	5 years 6 months	11 years 1 month 6 days	5 years 2 months 12 days		12 years 9 months 18 days	4 years 7 months 6 days	12 years 4 months 24 days	6 years 2 months 12 days	13 years 8 months 12 days	5 years 4 months 24 days		12 years
Change in fair value of investments recorded in other income	$ 5,502	$ 41,833	$ 12,104	$ 43,691	$ (161)		$ 283	$ (222)		$ 427	$ (497)	$ 440	$ 505	$ 36	$ 3,613	$ 818	$ 371		$ 57	$ 2,525		$ 6	$ 218	$ 30	$ 33	$ 106	$ 395		$ (470)	$ 1,345	$ 199	$ 1,586	$ 238	$ 177		$ 46