FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015
Excess MSRs Investees [Member]
Purchases, sales and repayments
New Residential’s ownership		50.00%	50.00012%
Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		$ 10,809,815
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	(6,073)
Included in change in fair value of investments in excess mortgage servicing rights	[2]	(7,337)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	2,347
Included in change in fair value of investments in Servicer Advances		(17,278)
Included in gain (loss) on settlement of investments, net		(21,372)
Included in other income	[2]	470
Gains (losses) included in other comprehensive income, net of tax	[3]	52,168
Interest income		325,061
Purchases, sales and repayments
Purchases		9,244,253
Proceeds from sales		(95,430)
Proceeds from repayments		(9,258,289)
Balance, ending		11,028,335
Recurring Basis [Member] | Level 3 [Member] | Non-Agency RMBS [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		1,584,283
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	(6,073)
Included in change in fair value of investments in excess mortgage servicing rights	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	0
Included in change in fair value of investments in Servicer Advances		0
Included in gain (loss) on settlement of investments, net		(21,372)
Included in other income	[2]	(950)
Gains (losses) included in other comprehensive income, net of tax	[3]	52,168
Interest income		92,081
Purchases, sales and repayments
Purchases		1,429,712
Proceeds from sales		(95,430)
Proceeds from repayments		(193,921)
Balance, ending		2,840,498
Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		7,426,794
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	0
Included in change in fair value of investments in Servicer Advances		(17,278)
Included in gain (loss) on settlement of investments, net		0
Included in other income	[2]	0
Gains (losses) included in other comprehensive income, net of tax	[3]	0
Interest income		156,749
Purchases, sales and repayments
Purchases		7,814,541
Proceeds from sales		0
Proceeds from repayments		(8,867,532)
Balance, ending		6,513,274
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	[4]	437,201
Transfers from Level 3	[1],[4]	0
Transfers to Level 3	[1],[4]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[4]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[4]	(7,430)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[4]	0
Included in change in fair value of investments in Servicer Advances	[4]	0
Included in gain (loss) on settlement of investments, net	[4]	0
Included in other income	[2],[4]	1,271
Gains (losses) included in other comprehensive income, net of tax	[3],[4]	0
Interest income	[4]	15,438
Purchases, sales and repayments
Purchases	[4]	0
Proceeds from sales	[4]	0
Proceeds from repayments	[4]	(47,299)
Balance, ending	[4]	399,181
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	[4],[5]	217,221
Transfers from Level 3	[1],[4],[5]	0
Transfers to Level 3	[1],[4],[5]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[4],[5]	2,347
Included in change in fair value of investments in Servicer Advances	[4],[5]	0
Included in gain (loss) on settlement of investments, net	[4],[5]	0
Included in other income	[2],[4],[5]	0
Gains (losses) included in other comprehensive income, net of tax	[3],[4],[5]	0
Interest income	[4],[5]	0
Purchases, sales and repayments
Purchases	[4],[5]	0
Proceeds from sales	[4],[5]	0
Proceeds from repayments	[4],[5]	(20,423)
Balance, ending	[4],[5]	199,145
Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	[4]	1,144,316
Transfers from Level 3	[1],[4]	0
Transfers to Level 3	[1],[4]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[4]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[4]	93
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[4]	0
Included in change in fair value of investments in Servicer Advances	[4]	0
Included in gain (loss) on settlement of investments, net	[4]	0
Included in other income	[2],[4]	149
Gains (losses) included in other comprehensive income, net of tax	[3],[4]	0
Interest income	[4]	60,793
Purchases, sales and repayments
Purchases	[4]	0
Proceeds from sales	[4]	0
Proceeds from repayments	[4]	(129,114)
Balance, ending	[4]	$ 1,076,237

[1] Transfers are assumed to occur at the beginning of each respective period.

[2] The gains (losses) recorded in earnings during the period are attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates and realized gains (losses) recorded during the period.

[3] These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.

[4] Includes the recapture agreement for each respective pool.

[5] Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.