INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Reverse Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning, balance	$ 1,553
Provision for loan losses	73	[1]
Charge-offs	0	[2]
Sales	(171)
Transfer of loans to held-for-sale	(1,455)	[3]
Ending, balance	0
Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning, balance	119
Provision for loan losses	4	[1]
Charge-offs	0	[2]
Sales	0
Transfer of loans to held-for-sale	(123)	[3]
Ending, balance	$ 0

[1] Based on an analysis of collective borrower performance, credit ratings of borrowers, loan-to-value ratios, estimated value of the underlying collateral, key terms of the loans and historical and anticipated trends in defaults and loss severities at a pool level.

[2] Loans, other than PCD loans, are generally charged off or charged down to the net realizable value of the collateral (i.e., fair value less costs to sell), with an offset to the allowance for loan losses, when available information confirms that loans are uncollectible.

[3] Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.