INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2015 USD ($) loan		Dec. 31, 2014 USD ($) loan
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)		11 months 14 days
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	$ 34,423		$ 45,182
Carrying Value	[1],[2],[3]	$ 19,560		$ 24,965
Loan Count | loan	[1],[2]	136		198
Weighted Average Yield	[1],[2]	10.00%		10.20%
Weighted Average Life (Years)	[1],[2],[4]	4 years 2 months 14 days		3 years 10 months 26 days
Floating Rate Loans as a % of Face Amount	[1],[2]	21.80%		21.40%
Loan to Value Ratio (LTV)	[1],[2],[5]	112.90%		108.20%
Weighted Average Delinquency	[1],[2],[6]	71.30%		82.60%
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[7]	$ 21,483		$ 24,399
Carrying Value	[3],[7]	$ 19,964		$ 22,873
Loan Count | loan	[7]	671		731
Weighted Average Yield	[7]	9.10%		7.90%
Weighted Average Life (Years)	[4],[7]	6 years 8 months		5 years 10 months 24 days
Floating Rate Loans as a % of Face Amount	[7]	17.10%		17.40%
Loan to Value Ratio (LTV)	[5],[7]	77.40%		72.00%
Weighted Average Delinquency	[6],[7]	7.50%		0.00%
Weighted Average FICO	[7],[8]	626		628
Purchased Credit Deteriorated Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[9]	$ 450,229
Carrying Value	[3],[9]	$ 290,654
Loan Count | loan	[9]	2,118
Weighted Average Yield	[9]	5.50%
Weighted Average Life (Years)	[4],[9]	2 years 6 months 18 days
Floating Rate Loans as a % of Face Amount	[9]	18.70%
Loan to Value Ratio (LTV)	[5],[9]	115.40%
Weighted Average Delinquency	[6],[9]	97.60%
Weighted Average FICO	[9]	578
Residential Mortgage Loans, held-for-investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 506,135		$ 69,581
Carrying Value	[3]	$ 330,178		$ 47,838
Loan Count | loan		2,925		929
Weighted Average Yield		6.00%		9.40%
Weighted Average Life (Years)	[4]	2 years 10 months 1 day		4 years 7 months 8 days
Floating Rate Loans as a % of Face Amount		18.80%		20.00%
Loan to Value Ratio (LTV)	[5]	113.60%		95.50%
Weighted Average Delinquency	[6]	92.00%		53.60%
Weighted Average FICO	[8]	580		628
Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[7]	$ 270,585		$ 403,992
Carrying Value	[3],[7]	$ 277,084		$ 388,485
Loan Count | loan	[7]	1,838		5,809
Weighted Average Yield	[7]	4.60%		5.60%
Weighted Average Life (Years)	[4],[7]	4 years 10 months 14 days		7 years 2 months 12 days
Floating Rate Loans as a % of Face Amount	[7]	4.60%		23.00%
Loan to Value Ratio (LTV)	[5],[7]	57.00%		85.00%
Weighted Average Delinquency	[6],[7]	0.00%		5.00%
Weighted Average FICO	[7],[8]	702		626
Non-Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[9]	$ 589,129	[10]	$ 960,224
Carrying Value	[3],[9]	$ 499,597	[10]	$ 737,954
Loan Count | loan	[9]	3,428	[10]	5,025
Weighted Average Yield	[9]	5.90%	[10]	5.90%
Weighted Average Life (Years)	[4],[9]	2 years 10 months 16 days	[10]	2 years 7 months 6 days
Floating Rate Loans as a % of Face Amount	[9]	14.50%	[10]	3.70%
Loan to Value Ratio (LTV)	[5],[9]	104.50%	[10]	104.00%
Weighted Average Delinquency	[6],[9]	81.10%	[10]	90.00%
Weighted Average FICO	[8],[9]	580	[10]	571
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 859,714		$ 1,364,216
Carrying Value	[3]	$ 776,681		$ 1,126,439
Loan Count | loan		5,266		10,834
Weighted Average Yield		5.50%		5.80%
Weighted Average Life (Years)	[4]	3 years 6 months 2 days		3 years 11 months 17 days
Floating Rate Loans as a % of Face Amount		11.40%		9.40%
Loan to Value Ratio (LTV)	[5]	89.60%		98.40%
Weighted Average Delinquency	[6]	55.60%		64.80%
Weighted Average FICO	[8]	619		587

[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.

[2] Represents a 70% interest New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB was $0.4 million and $0.3 million at December 31, 2015 and 2014, respectively, and 71% and 77% of these loans outstanding at each respective date have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.

[3] Includes residential mortgage loans with a United States federal income tax basis of $1,204.2 million and $1,159.1 million as of December 31, 2015 and 2014, respectively.

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

[5] LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.

[6] Represents the percentage of the total principal balance that are 60+ days delinquent

[7] Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $12.0 million.

[8] The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.

[9] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of December 31, 2015, New Residential has placed all of these loans on nonaccrual status, except as described in (J) below.

[10] Includes $246.3 million UPB of Ginnie Mae EBO non-performing loans on accrual status as contractual cash flows are guaranteed by the FHA.