INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Consumer Loan Investments made through Equity Method Investees (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Weighted Average Yield			10.30%
Weighted Average Expected Life (Years)	10 months 28 days		3 years 8 months 12 days	[1]
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	2,589,748	[2]	3,298,769
New Residential Interest in Investees	30.00%		30.00%
Carrying value	2,088,330	[3]	2,572,577	[3]
Weighted Average Coupon	18.10%	[4]	18.30%	[4]
Weighted Average Yield	16.10%		15.90%
Weighted Average Expected Life (Years)	3 years 6 months 29 days	[5]	3 years 2 months 12 days	[5]

[1] The weighted average life is based on the expected timing of the receipt of cash flows.

[2] Represents the November 30, 2014 balance.

[3] Represents the carrying value of the consumer loans held by the Consumer Loan Companies.

[4] Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.

[5] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.