INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Servicer Advance Joint Venture [Member]
Investment [Line Items]
New Residential’s investment		$ 338,362		$ 338,362		$ 343,640
Others’ ownership interest		44.50%		44.50%
Net income in joint venture		$ 18,647	$ 16,725	$ 26,222	$ 27,222
Average ownership percentage		44.50%	44.50%	44.50%	44.50%
Others [Member]
Investment [Line Items]
New Residential’s investment		$ 187,719		$ 187,719		$ 190,647
Others’ ownership interest		55.50%		55.50%		55.50%
Net income in joint venture		$ 10,345	$ 9,279	$ 14,547	$ 15,102
Others' ownership interest as a percent of total	[1]	55.50%	55.50%	55.50%	55.50%

[1] As a result, New Residential owned 44.5% and 44.5% of the Buyer, on average during the three months ended June 30, 2016 and 2015, respectively, and 44.5% and 44.5% of the Buyer, on average during the six months ended June 30, 2016 and 2015, respectively.