INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2016	[1]	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal										$ 3,813	$ (2,737)	$ 3,737
State and Local										252	(1,631)	2,799
Total Current Income Tax Expense (Benefit)										4,065	(4,368)	6,536
Deferred:
Federal										33,999	(2,778)	12,853
State and Local										847	(3,855)	3,568
Total Deferred Income Tax Expense (Benefit)										34,846	(6,633)	16,421
Total Income Tax Expense (Benefit)	$ 20,716		$ 20,900	$ 7,518	$ (10,223)	$ (15,948)	$ (5,932)	$ 14,306	$ (3,427)	$ 38,911	$ (11,001)	$ 22,957

[1] New Residential completed significant transactions in the fourth quarter of 2016, as described in Notes 5, 8 and 9, as well as certain financings included in Note 11.