DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative assets		$ 1,701	$ 32,597
Derivative liabilities		16,124	14,220
Real Estate Securities [Member]
Derivative [Line Items]
Derivative assets	[1]	0	32,090
Non-Performing Loans [Member]
Derivative [Line Items]
Derivative assets	[1]	0	312
Interest Rate Cap [Member]
Derivative [Line Items]
Derivative assets		1,701	195
TBAs [Member]
Derivative [Line Items]
Derivative liabilities		1,800	4,985
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities		$ 14,324	$ 9,235

[1] For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU No. 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.