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DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
[2]
Debt Instrument [Line Items]      
Outstanding Face Amount $ 11,305,998    
Carrying Value $ 11,292,622 [1] $ 6,057,853 [1],[2] $ 4,109,329
Weighted Average Funding Cost 2.77%    
Weighted Average Life (Years) 11 months 14 days    
Residential Mortgage Loans [Member]      
Debt Instrument [Line Items]      
Carrying Value $ 1,004,980 925,418 [2] 22,840
Servicer Advances [Member]      
Debt Instrument [Line Items]      
Carrying Value [3] 7,047,061 2,885,784 [2] $ 2,390,778
Repurchase Agreements [Member] | Agency RMBS [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [4],[5] 1,683,305    
Carrying Value [1],[4],[5] $ 1,683,305 1,707,602  
Weighted Average Funding Cost [4],[5] 0.60%    
Weighted Average Life (Years) [4],[5] 22 days    
Repurchase Agreements [Member] | Agency RMBS [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) [4],[5] 7 months 12 days    
Outstanding Face Amount of Collateral [4],[5] $ 1,673,125    
Amortized Cost Basis of Collateral [4],[5] 1,731,758    
Carrying Value of Collateral [4],[5] 1,730,586    
Repurchase Agreements [Member] | Non-Agency RMBS [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [5],[6] 1,333,852    
Carrying Value [1],[5],[6] $ 1,333,852 539,049  
Weighted Average Funding Cost [5],[6] 1.72%    
Weighted Average Life (Years) [5],[6] 30 days    
Repurchase Agreements [Member] | Non-Agency RMBS [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) [5],[6] 6 years 11 months 17 days    
Outstanding Face Amount of Collateral [5],[6] $ 3,233,171    
Amortized Cost Basis of Collateral [5],[6] 1,535,350    
Carrying Value of Collateral [5],[6] 1,538,703    
Repurchase Agreements [Member] | Residential Mortgage Loans [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [5],[7] 908,811    
Carrying Value [1],[5],[7] $ 907,993 867,334  
Weighted Average Funding Cost [5],[7] 2.80%    
Weighted Average Life (Years) [5],[7] 9 months 16 days    
Repurchase Agreements [Member] | Residential Mortgage Loans [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) [5],[7] 3 years 2 months 24 days    
Outstanding Face Amount of Collateral [5],[7] $ 1,318,603    
Amortized Cost Basis of Collateral [5],[7] 1,091,523    
Carrying Value of Collateral [5],[7] 1,075,816    
Repurchase Agreements [Member] | Real Estate Owned [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [5],[8],[9] 77,528    
Carrying Value [1],[5],[8],[9] $ 77,458 35,105  
Weighted Average Funding Cost [5],[8],[9] 3.05%    
Weighted Average Life (Years) [5],[8],[9] 10 months 9 days    
Repurchase Agreements [Member] | Real Estate Owned [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Carrying Value of Collateral [5],[8],[9] $ 86,911    
Repurchase Agreements [Member] | Consumer Loan Investment [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [10] 40,446    
Carrying Value [1],[10] $ 40,446 0  
Weighted Average Funding Cost [10] 3.83%    
Weighted Average Life (Years) 3 months 3 days    
Repurchase Agreements [Member] | Consumer Loan Investment [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) 3 years 1 month 22 days    
Carrying Value of Collateral [10] $ 0    
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [10] 4,043,942    
Carrying Value [5] $ 4,043,054 3,149,090 [1]  
Weighted Average Funding Cost [5] 1.54%    
Weighted Average Life (Years) [5] 2 months 30 days    
Notes Payable [Member] | Residential Mortgage Loans [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [11] $ 19,529    
Carrying Value [1],[11] $ 19,529 22,194  
Weighted Average Funding Cost [11] 3.08%    
Weighted Average Life (Years) [11] 9 months 16 days    
Notes Payable [Member] | Residential Mortgage Loans [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) [11] 4 years 2 months 14 days    
Outstanding Face Amount of Collateral [11] $ 34,423    
Amortized Cost Basis of Collateral [11] 21,113    
Carrying Value of Collateral [11] 19,560    
Notes Payable [Member] | Real Estate Owned [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount 0    
Carrying Value [1] $ 0 785  
Weighted Average Funding Cost 0.00%    
Notes Payable [Member] | Real Estate Owned [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Carrying Value of Collateral $ 0    
Notes Payable [Member] | Secured Corporate Note [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [12] 184,433    
Carrying Value [1],[12] $ 182,978 0  
Weighted Average Funding Cost [12] 5.67%    
Weighted Average Life (Years) 1 year 3 months 24 days    
Notes Payable [Member] | Secured Corporate Note [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) 5 years 1 month 6 days    
Outstanding Face Amount of Collateral [12] $ 92,619,325    
Amortized Cost Basis of Collateral [12] 217,517    
Carrying Value of Collateral [12] 261,102    
Notes Payable [Member] | Servicer Advances [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount [13] 7,058,094    
Carrying Value [1],[13] $ 7,047,061 2,885,784  
Weighted Average Funding Cost [13] 3.39%    
Weighted Average Life (Years) [13] 1 year 4 months 7 days    
Notes Payable [Member] | Servicer Advances [Member] | Collateral [Member]      
Debt Instrument [Line Items]      
Weighted Average Life (Years) [13] 4 years 5 months 9 days    
Outstanding Face Amount of Collateral [13] $ 7,578,110    
Amortized Cost Basis of Collateral [13] 7,400,068    
Carrying Value of Collateral [13] 7,426,794    
Notes Payable [Member] | Total Notes Payable [Member]      
Debt Instrument [Line Items]      
Outstanding Face Amount 7,262,056    
Carrying Value [1] $ 7,249,568 $ 2,908,763  
Weighted Average Funding Cost 3.45%    
Weighted Average Life (Years) 1 year 4 months 6 days    
[1] Net of deferred financing costs associated with the adoption of ASU No. 2015-03 (Note 2).
[2] Excludes debt related to linked transactions (Note 10).
[3] New Residential net settles daily borrowings and repayments of the Notes Payable on its Servicer Advances.
[4] All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.5 billion of related trade and other receivables.
[5] These repurchase agreements had approximately $4.8 million of associated accrued interest payable as of December 31, 2015.
[6] All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $145.8 million on retained servicer advance bonds.
[7] All of these repurchase agreements have LIBOR-based floating interest rates.
[8] All of these repurchase agreements have LIBOR-based floating interest rates.
[9] Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential have made or intend to make a claim on the FHA guarantee.
[10] The repurchase agreement bears interest equal to three-month LIBOR plus 3.50% and is collateralized by New Residential’s interest in consumer loans (Note 9).
[11] The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
[12] The loan bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 5.25%. The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure this corporate note.
[13] $2.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.7% to 2.2%.