FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Basis (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Investments in:
Excess mortgage servicing rights, at fair value	$ 372,416		$ 324,151
Excess mortgage servicing rights, equity method investees, at fair value	330,220		352,766
Servicer advances	3,679,105		2,665,551
Real estate securities, available-for-sale	1,463,903		1,973,189
Residential mortgage loans, held-for-investment	517,424		33,539
Derivative assets	30,992		35,926
Cash and cash equivalents	311,126		271,994	209,699	0
Restricted cash	37,327		33,338
Liabilities
Repurchase agreements	1,815,182		1,620,711
Notes payable	3,289,445		2,488,618
Recurring Basis | Level 1
Investments in:
Cash and cash equivalents	311,126
Restricted cash	37,327
Assets, fair value	348,453
Recurring Basis | Level 2
Investments in:
Real estate securities, available-for-sale	1,247,012
Derivative assets	256	[1]
Assets, fair value	1,247,268
Liabilities
Repurchase agreements	1,331,354
Notes payable	1,285,348
Financial and Nonfinancial Liabilities, Fair Value Disclosure	2,616,702
Recurring Basis | Level 3
Investments in:
Excess mortgage servicing rights, at fair value	372,416	[2]
Excess mortgage servicing rights, equity method investees, at fair value	330,220	[2]	352,766
Servicer advances	3,679,105
Real estate securities, available-for-sale	216,891
Residential mortgage loans, held-for-investment	519,990
Derivative assets	30,736	[1]
Assets, fair value	5,149,358
Liabilities
Repurchase agreements	483,828
Notes payable	2,006,525
Financial and Nonfinancial Liabilities, Fair Value Disclosure	2,490,353
Recurring Basis | Principal Balance or Notional Amount
Investments in:
Excess mortgage servicing rights, at fair value	95,166,259	[2]
Excess mortgage servicing rights, equity method investees, at fair value	159,821,724	[2]
Servicer advances	3,551,464
Real estate securities, available-for-sale	1,507,595
Residential mortgage loans, held-for-investment	701,918
Derivative assets	196,362	[1]
Cash and cash equivalents	311,126
Restricted cash	37,327
Assets, fair value	261,293,775
Liabilities
Repurchase agreements	1,815,182
Notes payable	3,289,445
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5,104,627
Recurring Basis | Carrying Value
Investments in:
Excess mortgage servicing rights, at fair value	372,416	[2]
Excess mortgage servicing rights, equity method investees, at fair value	330,220	[2]
Servicer advances	3,679,105
Real estate securities, available-for-sale	1,463,903
Residential mortgage loans, held-for-investment	517,424
Derivative assets	30,992	[1]
Cash and cash equivalents	311,126
Restricted cash	37,327
Assets, fair value	6,742,513
Liabilities
Repurchase agreements	1,815,182
Notes payable	3,289,445
Financial and Nonfinancial Liabilities, Fair Value Disclosure	5,104,627
Recurring Basis | Fair Value
Investments in:
Excess mortgage servicing rights, at fair value	372,416	[2]
Excess mortgage servicing rights, equity method investees, at fair value	330,220	[2]
Servicer advances	3,679,105
Real estate securities, available-for-sale	1,463,903
Residential mortgage loans, held-for-investment	519,990
Derivative assets	30,992	[1]
Cash and cash equivalents	311,126
Restricted cash	37,327
Assets, fair value	6,745,079
Liabilities
Repurchase agreements	1,815,182
Notes payable	3,291,873
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 5,107,055

[1] The notional amount represents the total unpaid principal balance of the mortgage loans for residential mortgage loans, held for investment.

[2] The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.