INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015
Carrying Value of Investments in Excess MSRs
Beginning balance		$ 0
Ending balance		659,483		$ 0
Excess MSRs [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance		1,581,517	[1]	417,733
Transfers from indirect ownership				98,258
Purchases		124		1,171,227
Interest income		150,141		134,565
Other income		2,802		2,999
Proceeds from repayments		(327,832)		(281,908)
Change in fair value		(7,297)		38,643
Ending balance	[1]	1,399,455		1,581,517
Excess MSRs [Member] | Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance		698,304		409,076
Transfers from indirect ownership				98,258
Purchases		0		254,149
Interest income		63,772		66,039
Other income		2,802		2,999
Proceeds from repayments		(145,186)		(131,621)
Change in fair value		(8,399)		(596)
Ending balance		611,293		698,304
Excess MSRs [Member] | SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	[2]	5,307		8,657
Transfers from indirect ownership	[2]			0
Purchases	[2]	124		0
Interest income	[2]	(244)		180
Other income	[2]	0		0
Proceeds from repayments	[2]	(1,015)		(1,291)
Change in fair value	[2]	(237)		(2,239)
Ending balance	[2]	3,935		5,307
Excess MSRs [Member] | Ocwen [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	[3]	877,906		0
Transfers from indirect ownership	[3]			0
Purchases	[3]	0		917,078
Interest income	[3]	86,613		68,346
Other income	[3]	0		0
Proceeds from repayments	[3]	(181,631)		(148,996)
Change in fair value	[3]	1,339		41,478
Ending balance	[3]	$ 784,227		$ 877,906

[1] Carrying Value represents the fair value of the pools or recapture agreements, as applicable.

[2] Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.

[3] Ocwen services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS (Note 1).