Rithm Capital (RITM) 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Mar. 31, 2015	1-May-15
Document And Entity Information
Entity Registrant Name	New Residential Investment Corp.
Entity Central Index Key	1556593
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Par Value	$0.01
Entity Common Stock, Shares Outstanding (in shares)		198,934,905
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Investments in:
Excess mortgage servicing rights, at fair value	$526,662	$417,733
Excess mortgage servicing rights, equity method investees, at fair value	225,111	330,876
Servicer advances, at fair value	3,245,457	3,270,839
Real estate securities, available-for-sale	2,324,915	2,463,163
Residential mortgage loans, held-for-investment	44,967	47,838
Residential mortgage loans, held-for-sale	500,174	1,126,439
Real estate owned	35,905	61,933
Consumer loans, equity method investees	0	0
Cash and cash equivalents	459,334	212,985
Restricted cash	28,325	29,418
Derivative assets	71	32,597
Other assets	76,701	99,869
Total assets	7,467,622	8,093,690
Liabilities
Repurchase agreements	2,339,389	3,149,090
Notes payable	2,999,418	2,913,209
Trades payable	196,000	2,678
Due to affiliates	6,465	57,424
Dividends payable	53,745	53,745
Deferred tax liability	13,414	15,114
Accrued expenses and other liabilities	44,777	52,505
Total liabilities	5,653,208	6,243,765
Commitments and Contingencies
Equity
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 141,434,905 and 141,434,905 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	1,414	1,414
Additional paid-in capital	1,328,587	1,328,587
Retained earnings	217,689	237,769
Accumulated other comprehensive income, net of tax	19,825	28,319
Total New Residential stockholders’ equity	1,567,515	1,596,089
Noncontrolling interests in equity of consolidated subsidiaries	246,899	253,836
Total Equity	1,814,414	1,849,925
Total Liabilities And Stockholders Equity	$7,467,622	$8,093,690

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	141,434,905	141,434,905
Common stock, shares outstanding (in shares)	141,434,905	141,434,905

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Interest income	$84,373	$71,490
Interest expense	33,979	38,997
Net interest income (expense)	50,394	32,493
Impairment
Other-than-temporary impairment (“OTTI”) on securities	1,071	328
Valuation provision on loans and real estate owned	977	164
Total Impairment Charges	2,048	492
Net interest income after impairment	48,346	32,001
Other Income
Change in fair value of investments in excess mortgage servicing rights	-1,761	6,602
Change in fair value of investments in excess mortgage servicing rights, equity method investees	4,921	6,374
Change in fair value of investments in servicer advances	-7,669	0
Earnings from investments in consumer loans, equity method investees	0	16,360
Gain on settlement of investments, net	14,767	4,357
Other income (loss), net	2,037	1,357
Other Income	12,295	35,050
Operating Expenses
General and administrative expenses	8,560	1,985
Management fee to affiliate	5,126	4,486
Incentive compensation to affiliate	3,693	3,338
Loan servicing expense	4,891	90
Total Operating Expenses	22,270	9,899
Income (Loss) Before Income Taxes	38,371	57,152
Income tax expense (benefit)	-3,427	287
Net Income (Loss)	41,798	56,865
Noncontrolling Interests in Income of Consolidated Subsidiaries	5,823	8,093
Net Income Attributable to Common Stockholders	$35,975	$48,772
Net Income Per Share of Common Stock
Basic (in dollars per share)	$0.25	$0.39
Diluted (in dollars per share)	$0.25	$0.38
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)	141,434,905	126,604,510
Diluted (in shares)	144,911,309	129,919,967
Dividend declared per share (in dollars per share)	$0.38	$0.35

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Comprehensive income (loss), net of tax
Net income	$41,798	$56,865
Other comprehensive income (loss)
Net unrealized gain on securities	15,132	10,878
Reclassification of net realized (gain) on securities into earnings	-23,626	-4,164
Total other comprehensive income (loss)	-8,494	6,714
Total comprehensive income	33,304	63,579
Comprehensive income attributable to noncontrolling interests	5,823	8,093
Comprehensive income attributable to common stockholders	$27,481	$55,486

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total New Residential Stockholders’ Equity [Member]	Noncontrolling Interests in Equity of Consolidated Subsidiaries [Member]
In Thousands, except Share data, unless otherwise specified
Equity - December 31, 2014 at Dec. 31, 2014	$1,849,925	$1,414	$1,328,587	$237,769	$28,319	$1,596,089	$253,836
Equity - December 31, 2014 (in shares) at Dec. 31, 2014		141,434,905
Dividends declared	-53,745			-53,745		-53,745
Capital contributions	0						0
Capital distributions	-12,760						-12,760
Modified retrospective adjustment for the adoption of ASU No. 2014-11	-2,310			-2,310		-2,310
Comprehensive income (loss) (net of tax)
Net Income (Loss)	41,798			35,975		35,975	5,823
Net unrealized gain (loss) on securities	15,132				15,132	15,132
Reclassification of net realized (gain) loss on securities into earnings	-23,626				-23,626	-23,626
Total comprehensive income (loss)	33,304					27,481	5,823
Equity - March 31, 2015 at Mar. 31, 2015	$1,814,414	$1,414	$1,328,587	$217,689	$19,825	$1,567,515	$246,899
Equity - March 31, 2015 (in shares) at Mar. 31, 2015		141,434,905

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities
Net income	$41,798	$56,865
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments in excess mortgage servicing rights	1,761	-6,602
Change in fair value of investments in excess mortgage servicer rights, equity method investees	-4,921	-6,374
Change in fair value of investments in servicer advances	7,669	0
Earnings from consumer loan equity method investees	0	-16,360
Change in fair value of investments in derivative assets	7,030	-1,357
Accretion and other amortization	-61,345	-56,650
(Gain) / loss on settlement of investments (net)	-17,701	-4,357
(Gain) / loss on transfer of loans to REO	544	0
Loss on extinguishment of debt	2,934	0
(Gain) / loss on mortgage servicing rights recapture agreement	-730	0
Other-than-temporary impairment (“OTTI”)	1,071	328
Valuation provision on loans and real estate owned	977	164
Unrealized loss on other ABS	290	0
Non-cash directors’ compensation	0	78
Deferred income tax expense	-3,007	0
Changes in:
Restricted cash	1,093	-1,269
Other assets	-1,849	5,531
Due to affiliates	-50,959	-11,172
Accrued expenses and other liabilities	618	1,179
Other operating cash flows:
Interest received from excess mortgage servicing rights	12,692	13,816
Interest received from servicer advance investments	23,168	16,304
Interest received from Non-Agency RMBS	8,050	0
Net cash provided by (used in) operating activities	-18,591	2,064
Cash Flows From Investing Activities
Acquisition of investments in excess mortgage servicing rights	-23,831	-19,132
Purchase of servicer advance investments	-1,765,294	-2,205,070
Purchase of Agency RMBS	-1,026,525	-37,922
Purchase of Non-Agency RMBS	-26,649	-1,038,721
Purchase of residential mortgage loans	-19,032	0
Purchase of derivative assets	0	-71,923
Payments for settlement of derivatives	-25,007	0
Return of investments in excess mortgage servicing rights	17,122	8,121
Principal repayments from servicer advance investments	1,802,188	1,442,648
Principal repayments from Agency RMBS	46,967	75,470
Principal repayments from Non-Agency RMBS	14,952	13,890
Principal repayments from non-performing loans	0	1,900
Principal repayments from residential mortgage loans, held-for-investment	9,022	0
Proceeds from sale of residential mortgage loans	627,719	0
Proceeds from sale of Agency RMBS	1,060,569	162,897
Proceeds from sale of Non-Agency RMBS	389,719	258,449
Proceeds from settlement of derivatives	2,417	0
Proceeds from sale of real estate owned	34,930	0
Net cash provided by (used in) investing activities	1,119,469	-1,400,500
Cash Flows From Financing Activities
Repayments of repurchase agreements	-2,016,777	-1,080,197
Margin deposits under repurchase agreements and derivatives	-123,289	-43,270
Repayments of notes payable	-396,125	-3,117,213
Payment of deferred financing fees	-666	-5,660
Common stock dividends paid	-53,745	-63,297
Borrowings	1,121,121	1,618,664
Return of margin deposits under repurchase agreements and derivatives	145,378	66,899
Borrowings under notes payable	482,334	3,862,782
Noncontrolling interest in equity of consolidated subsidiaries - contributions	0	142,024
Noncontrolling interest in equity of consolidated subsidiaries - distributions	-12,760	-113,795
Net cash provided by (used in) financing activities	-854,529	1,266,937
Net Increase (Decrease) in Cash and Cash Equivalents	246,349	-131,499
Cash and Cash Equivalents, Beginning of Period	212,985	271,994
Cash and Cash Equivalents, End of Period	459,334	140,495
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	32,880	35,194
Cash paid during the period for income taxes	305	0
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends payable	53,745	44,312
Application of ASU No. 2014-11 non-cash activity from investing to financing	2,310
Purchase of Non-Agency RMBS settled after quarter end	196,000	0
Excess MSRs Investees [Member]
Other operating cash flows:
Distributions of earnings from excess mortgage servicing rights, equity method investees	12,226	11,940
Cash Flows From Investing Activities
Return of investments in excess mortgage servicing rights, equity method investees	202	8,893
Accounting Standards Update 2014-11 [Member]
Supplemental Schedule of Non-Cash Investing and Financing Activities
Application of ASU No. 2014-11 non-cash activity from investing to financing	$85,955	$0

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION
	New Residential Investment Corp. (together with its subsidiaries, “New Residential”) is a Delaware corporation that was formed as a limited liability company in September 2011 for the purpose of making real estate related investments and commenced operations on December 8, 2011. On December 20, 2012, New Residential was converted to a corporation. Newcastle Investment Corp. (“Newcastle”) was the sole stockholder of New Residential until the spin-off (Note 13), which was completed on May 15, 2013. Newcastle is listed on the New York Stock Exchange (“NYSE”) under the symbol “NCT.”
	Following the spin-off, New Residential is an independent publicly traded real estate investment trust (“REIT”) primarily focused on investing in residential mortgage related assets. New Residential is listed on the NYSE under the symbol “NRZ.”
	New Residential has elected and intends to qualify to be taxed as a REIT for U.S. federal income tax purposes. As such, New Residential will generally not be subject to U.S. federal corporate income tax on that portion of its net income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements. See Note 17 regarding New Residential’s taxable REIT subsidiaries.
	New Residential has entered into a management agreement (the “Management Agreement”) with FIG LLC (the “Manager”), an affiliate of Fortress Investment Group LLC (“Fortress”), pursuant to which the Manager provides for a management team and other professionals who are responsible for implementing New Residential’s business strategy, subject to the supervision of New Residential’s board of directors. For its services, the Manager is entitled to management fees and incentive compensation, both defined in, and in accordance with the terms of, the Management Agreement. The Manager also manages Newcastle and investment funds that own a majority of Nationstar Mortgage LLC (“Nationstar”), a leading residential mortgage servicer, and Springleaf Holdings, Inc. (“Springleaf”), managing member of the Consumer Loan Companies (Note 9).
	As of March 31, 2015, New Residential conducted its business through the following segments: (i) investments in Excess MSRs, (ii) investments in servicer advances, (iii) investments in real estate securities, (iv) investments in real estate loans, (v) investments in consumer loans and (vi) corporate.
	Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, and its principals as of March 31, 2015. In addition, Fortress, through its affiliates, held options to purchase approximately 8.5 million shares of New Residential’s common stock as of March 31, 2015.
	The accompanying condensed consolidated financial statements and related notes of New Residential have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. generally accepted accounting principles have been condensed or omitted. In the opinion of management, all adjustments considered necessary for a fair presentation of New Residential’s financial position, results of operations and cash flows have been included and are of a normal and recurring nature. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. These condensed consolidated financial statements should be read in conjunction with New Residential’s consolidated financial statements for the year ended December 31, 2014 and notes thereto included in New Residential’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. Capitalized terms used herein, and not otherwise defined, are defined in New Residential’s consolidated financial statements for the year ended December 31, 2014.
	Certain prior period amounts have been reclassified to conform to the current period’s presentation. In addition, New Residential completed a one-for-two reverse stock split in October 2014 (Note 13). The impact of this reverse stock split has been retroactively applied to all periods presented.
	Recent Accounting Pronouncements
	In May 2014, the FASB issued ASU No. 2014-09, Revenues from Contracts with Customers (Topic 606). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In effect, companies will be required to exercise further judgment and make more estimates prospectively. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU No. 2014-09 is effective for New Residential in the first quarter of 2017. Early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance in ASU No. 2014-09. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The standard changes the accounting for repurchase-to-maturity transactions and linked repurchase financing transactions to secured borrowing accounting. ASU No. 2014-11 also expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers accounted for as secured borrowings. ASU No. 2014-11 is effective for New Residential in the first quarter of 2015. Early adoption is not permitted. Disclosures are not required for comparative periods presented before the effective date. New Residential has determined that, as of January 1, 2015, its linked transactions (Note 10) are accounted for as secured borrowings.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The standard provides guidance on management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern by requiring management to assess an entity’s ability to continue as a going concern by incorporating and expanding on certain principles that are currently in U.S. auditing standards. ASU No. 2014-15 is effective for New Residential for the annual period ending on December 31, 2016. Early adoption is permitted. New Residential is currently evaluating the new guidance to determine the impact that it may have on its condensed consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. The standard amends the consolidation considerations when evaluating certain limited partnerships, variable interest entities and investment funds. ASU No. 2015-02 is effective for New Residential in the first quarter of 2016.  Early adoption is permitted. New Residential does not expect the adoption of this new guidance to have an impact on its condensed consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest. The standard amends the balance sheet presentation requirements for debt issuance costs such that they are no longer recognized as deferred charges but are rather presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. ASU No. 2015-03 is effective for New Residential in the first quarter of 2016. Early adoption is permitted. New Residential has not yet adopted ASU No. 2015-03 but has determined that the adoption of ASU No. 2015-03 will result in an immaterial reclassification of its Deferred Financing Costs, Net (Note 2) to an offset of its Notes Payable (Note 11).
	The FASB has recently issued or discussed a number of proposed standards on such topics as financial statement presentation, financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on New Residential’s reporting. New Residential has not yet fully evaluated the potential impact of these proposals, but will make such an evaluation as the standards are finalized.

OTHER_INCOME_ASSETS_AND_LIABIL

OTHER INCOME, ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2015
Other Income Assets And Liabilities
OTHER INCOME, ASSETS AND LIABILITIES	OTHER INCOME, ASSETS AND LIABILITIES
	Other income, net, is comprised of the following:
		Three Months Ended March 31,
		2015				2014
	Unrealized gain (loss) on derivative instruments	$	(7,030	)		$	1,357
	Gain (loss) on transfer of loans to REO	(544		)		—
	Gain on consumer loans investment	10,447				—
	Other income (loss)	(836		)		—
		$	2,037			$	1,357
	Gain on settlement of investments, net is comprised of the following:
		Three Months Ended March 31,
		2015				2014
	Gain on sale of real estate securities, net	$	24,697			$	4,492
	Gain (loss) on sale of residential mortgage loans, net	20,830				—
	Gain (loss) on settlement of derivatives	(22,590		)		(135		)
	Gain (loss) on liquidated residential mortgage loans, held-for-investment	400				—
	Gain (loss) on sale of REO(A)	(5,636		)		—
	Other gains (losses)	(2,934		)		—
		$	14,767			$	4,357
	(A)	Includes approximately $3.2 million loss on REO sold as a part of the residential mortgage loan sales described in Note 8.
	Other assets and liabilities are comprised of the following:
		Other Assets									Accrued Expenses and Other Liabilities
		31-Mar-15				31-Dec-14					31-Mar-15		31-Dec-14
	Margin receivable, net	$	36,934			$	59,021			Interest payable	$	7,516	$	7,857
	Interest and other receivables	11,320				10,455				Accounts payable	16,068		28,059
	Deferred financing costs, net(A)	2,817				4,446				Derivative liabilities	21,127		14,220
	Principal paydown receivable	3,761				3,595				Current taxes payable	47		2,349
	Receivable from government	9,380				9,108				Other liabilities	19		20
	agency
	Call rights	3,828				3,728					$	44,777	$	52,505
	Other assets	8,661				9,516
		$	76,701			$	99,869
	(A)	Deferred financing costs are net of accumulated amortization of $5.4 million and $8.8 million as of March 31, 2015 and December 31, 2014, respectively.
	As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Accretion of servicer advance interest income		$	42,349			$	45,716
	Accretion of excess mortgage servicing rights income		15,037				13,816
	Accretion of net discount on securities and loans		5,399				356
	Amortization of deferred financing costs		(1,440		)		(3,238		)
			$	61,345			$	56,650

SEGMENT_REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING
	New Residential conducts its business through the following segments: (i) investments in Excess MSRs, (ii) investments in servicer advances, (iii) investments in real estate securities, (iv) investments in real estate loans, (v) investments in consumer loans, and (vi) corporate. The corporate segment consists primarily of (i) general and administrative expenses, (ii) the management fees and incentive compensation owed to the Manager by New Residential following the spin-off, (iii) corporate cash and related interest income, and (iv) the secured corporate loan and related interest expense during the period it was outstanding.
	Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole:
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	Three Months Ended March 31, 2015
	Interest income	$	15,037	$	42,349		$	14,263		$	12,724		$	—		$	—		$	84,373
	Interest expense	—		23,637			3,480			6,093			—			769			33,979
	Net interest income (expense)	15,037		18,712			10,783			6,631			—			(769		)	50,394
	Impairment	—		—			1,071			977			—			—			2,048
	Other income	3,890		(10,727		)	(5,090		)	13,775			10,447			—			12,295
	Operating expenses	88		575			(102		)	6,104			57			15,548			22,270
	Income (Loss) Before Income Taxes	18,839		7,410			4,724			13,325			10,390			(16,317		)	38,371
	Income tax expense (benefit)	—		(3,240		)	—			(187		)	—			—			(3,427		)
	Net Income (Loss)	$	18,839	$	10,650		$	4,724		$	13,512		$	10,390		$	(16,317	)	$	41,798
	Noncontrolling interests in income	$	—	$	5,823		$	—		$	—		$	—		$	—		$	5,823
	(loss) of consolidated subsidiaries
	Net income (loss) attributable to	$	18,839	$	4,827		$	4,724		$	13,512		$	10,390		$	(16,317	)	$	35,975
	common stockholders
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	March 31, 2015
	Investments	$	751,773	$	3,245,457		$	2,324,915		$	581,046		$	—		$	—		$	6,903,191
	Cash and cash equivalents	267		69,180			5,288			5,895			—			378,704			459,334
	Restricted cash	37		28,288			—			—			—			—			28,325
	Derivative assets	—		71			—			—			—			—			71
	Other assets	34		6,622			51,610			15,925			543			1,967			76,701
	Total assets	$	752,111	$	3,349,618		$	2,381,813		$	602,866		$	543		$	380,671		$	7,467,622
	Debt	$	—	$	2,875,412		$	1,928,891		$	434,504		$	—		$	100,000		$	5,338,807
	Other liabilities	2,921		19,642			219,603			5,680			58			66,497			314,401
	Total liabilities	2,921		2,895,054			2,148,494			440,184			58			166,497			5,653,208
	Total equity	749,190		454,564			233,319			162,682			485			214,174			1,814,414
	Noncontrolling interests in equity	—		246,899			—			—			—			—			246,899
	of consolidated subsidiaries
	Total New Residential	$	749,190	$	207,665		$	233,319		$	162,682		$	485		$	214,174		$	1,567,515
	stockholders’ equity
	Investments in equity method	$	225,111	$	—		$	—		$	—		$	—		$	—		$	225,111
	investees
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	Three Months Ended March 31, 2014
	Interest income	$	13,816	$	45,716		$	11,238		$	720		$	—		$	—		$	71,490
	Interest expense	1,291		31,956			4,069			198			1,483			—			38,997
	Net interest income (expense)	12,525		13,760			7,169			522			(1,483		)	—			32,493
	Impairment	—		—			328			164			—			—			492
	Other income	12,976		—			5,042			671			16,360			1			35,050
	Operating expenses	65		250			60			90			23			9,411			9,899
	Income (Loss) Before Income Taxes	25,436		13,510			11,823			939			14,854			(9,410		)	57,152
	Income tax expense (benefit)	—		287			—			—			—			—			287
	Net Income (Loss)	$	25,436	$	13,223		$	11,823		$	939		$	14,854		$	(9,410	)	$	56,865
	Noncontrolling interests in income	$	—	$	8,093		$	—		$	—		$	—		$	—		$	8,093
	(loss) of consolidated subsidiaries
	Net income (loss) attributable to	$	25,436	$	5,130		$	11,823		$	939		$	14,854		$	(9,410	)	$	48,772
	common stockholders

INVESTMENTS_IN_EXCESS_MORTGAGE

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS
	The following table presents activity related to the carrying value of New Residential’s investments in Excess MSRs:
			Servicer
			Nationstar				SLS(A)				Total
	Balance as of December 31, 2014		$	409,076			$	8,657			$	417,733
	Transfers from indirect ownership		98,258				—				98,258
	Purchases		26,479				—				26,479
	Interest income		14,856				181				15,037
	Other income		730				—				730
	Proceeds from repayments		(29,544		)		(270		)		(29,814		)
	Change in fair value		(1,472		)		(289		)		(1,761		)
	Balance as of March 31, 2015		$	518,383			$	8,279			$	526,662
	(A)    Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.
	Nationstar or SLS, as applicable, as servicer, performs all servicing and advancing functions, and retains the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in the portfolio.
	On January 16, 2015, New Residential invested approximately $23.8 million to acquire a 33.3% interest in the Excess MSR on a portfolio of Freddie Mac residential mortgage loans with an aggregate UPB of $8.4 billion. Fortress-managed funds and Nationstar each agreed to acquire a 33.3% interest in the Excess MSRs. Nationstar as servicer will perform all servicing and advancing functions, and retain the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in each of the portfolios. Under the terms of the investment, to the extent that any loans in the portfolio are refinanced by Nationstar, the resulting Excess MSRs are shared on a pro rata basis by New Residential, the Fortress-managed funds and Nationstar, subject to certain limitations.
	New Residential has entered into a “Recapture Agreement” in each of the Excess MSR investments through March 31, 2015, including those Excess MSR investments made through investments in joint ventures (Note 5). Under such Recapture Agreements, New Residential is generally entitled to a pro rata interest in the Excess MSRs on any initial or subsequent refinancing by Nationstar of a loan in the original portfolio. These Recapture Agreements do not apply to New Residential’s investments in servicer advances (Note 6).
	New Residential elected to record its investments in Excess MSRs at fair value pursuant to the fair value option for financial instruments in order to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors on the Excess MSRs.
	The following is a summary of New Residential’s direct investments in Excess MSRs:
		March 31, 2015																31-Dec-14
		Unpaid Principal Balance (“UPB”) of Underlying Mortgages				Interest in Excess MSR						Weighted Average Life Years(A)		Amortized Cost Basis(B)		Carrying Value(C)		Carrying Value(C)
						New Residential		Fortress-managed funds		Nationstar
	Agency
	Original and Recaptured Pools	$	54,829,877			32.5%-66.7%		0.0%-33.3%		33.3%-35%		5.9		$	161,109	$	209,114	$	188,733
	Recapture Agreements	—				32.5%-66.7%		0.0%-33.3%		33.3%-35%		12.9		9,927		29,865		28,786
		54,829,877										6.3		171,036		238,979		217,519
	Non-Agency(D)
	Original and Recaptured Pools	$	108,742,559			33.3%-80.0%		0.0%-50.0%		0.0%-33.3%		4.9		$	231,228	$	270,365	$	189,812
	Recapture Agreements	—				33.3%-80.0%		0.0%-50.0%		0.0%-33.3%		11.8		16,638		17,318		10,402
		108,742,559										5.4		247,866		287,683		200,214
	Total	$	163,572,436									5.8		$	418,902	$	526,662	$	417,733
	(A)	Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
	(B)	The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
	(C)	Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
	(D)	Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2015 (Note 6).
	Changes in fair value recorded in other income are comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Original and Recaptured Pools		$	(1,976	)		$	7,088
	Recapture Agreements		215				(486		)
			$	(1,761	)		$	6,602
	In the first quarter of 2015, a weighted average discount rate of 9.6% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees).
	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the direct investments in Excess MSRs:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	California		33	%		31.5	%
	Florida		9.3	%		7.7	%
	New York		4.9	%		4.3	%
	Maryland		3.8	%		4	%
	Texas		3.6	%		4.2	%
	New Jersey		3.5	%		3.2	%
	Virginia		3.2	%		3.3	%
	Illinois		3.2	%		3.2	%
	Washington		3.2	%		3.6	%
	Arizona		2.7	%		3.2	%
	Other U.S.		29.6	%		31.8	%
			100	%		100	%
	Geographic concentrations of investments expose New Residential to the risk of economic downturns within the relevant states. Any such downturn in a state where New Residential holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the Excess MSRs.

INVESTMENTS_IN_EXCESS_MORTGAGE1

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES	INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES
	New Residential entered into investments in joint ventures (“Excess MSR joint ventures”) jointly controlled by New Residential and Fortress-managed funds investing in Excess MSRs. New Residential elected to record these investments at fair value pursuant to the fair value option for financial instruments to provide users of the financial statements with better information regarding the effects of prepayment risk and other market factors.
	During the first quarter of 2015, New Residential and the Fortress-managed funds restructured their investments in two of the Excess MSR joint ventures and now each directly owns its share of the underlying assets of the joint ventures.
	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential:
			March 31, 2015				December 31, 2014
	Excess MSR assets		$	440,714			$	653,293
	Other assets		9,508				8,472
	Other liabilities		—				(13		)
	Equity		$	450,222			$	661,752
	New Residential’s investment		$	225,111			$	330,876
	New Residential’s ownership		50		%		50		%
			Three Months Ended March 31,
			2015				2014
	Interest income		$	11,701			$	18,493
	Other income (loss)		(1,835		)		(5,705		)
	Expenses		(25		)		(40		)
	Net income		$	9,841			$	12,748
	New Residential’s investments in equity method investees changed during the three months ended March 31, 2015 as follows:
	Balance at December 31, 2014	$	330,876
	Contributions to equity method investees	—
	Transfers to direct ownership	(98,258		)
	Distributions of earnings from equity method investees	(12,226		)
	Distributions of capital from equity method investees	(202		)
	Change in fair value of investments in equity method investees	4,921
	Balance at March 31, 2015	$	225,111
	The following is a summary of New Residential’s Excess MSR investments made through equity method investees:
		March 31, 2015
		Unpaid Principal Balance				Investee Interest in Excess MSR(A)			New Residential Interest in Investees		Amortized Cost Basis(B)		Carrying Value(C)		Weighted Average Life (Years)(D)
	Agency
	Original and Recaptured Pools	$	84,000,746			66.7	%		50	%	$	289,745	$	358,909	5.5
	Recapture Agreements	—				66.7	%		50	%	62,190		81,805		11.7
	Total	$	84,000,746								$	351,935	$	440,714	6.6
	(A)	The remaining interests are held by Nationstar.
	(B)	Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
	(C)	Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
	(D)	The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.
	In the first quarter of 2015, a weighted average discount rate of 9.6% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees).
	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments made through equity method investees:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	California		13.1	%		23.5	%
	Florida		7.4	%		8.9	%
	Texas		6.1	%		4.8	%
	Georgia		5.6	%		4.1	%
	New York		5.5	%		5.6	%
	New Jersey		4.1	%		3.9	%
	Illinois		4	%		3.5	%
	Virginia		3.2	%		3.2	%
	Maryland		3.2	%		3.3	%
	Pennsylvania		3	%		2.3	%
	Other U.S.		44.8	%		36.9	%
			100	%		100	%
	Geographic concentrations of investments expose New Residential to the risk of economic downturns within the relevant states. Any such downturn in a state where New Residential holds significant investments could affect the underlying borrower’s ability to make mortgage payments and therefore could have a meaningful, negative impact on the Excess MSRs.

INVESTMENTS_IN_SERVICER_ADVANC

INVESTMENTS IN SERVICER ADVANCES	3 Months Ended
	Mar. 31, 2015
Investments, All Other Investments [Abstract]
INVESTMENTS IN SERVICER ADVANCES	INVESTMENTS IN SERVICER ADVANCES
	In December 2013, New Residential and third-party co-investors, through a joint venture entity (Advance Purchaser LLC, the “Buyer”) consolidated by New Residential, agreed to purchase the outstanding servicer advances on a portfolio of loans, which is a subset of the same portfolio of loans in which New Residential invests in a portion of the Excess MSRs (Notes 4 and 5), including the basic fee component of the related MSRs. As of March 31, 2015, New Residential and third-party co-investors had settled $2.9 billion of servicer advances, net of recoveries, financed with $2.7 billion of notes payables outstanding (Note 11). A taxable wholly owned subsidiary of New Residential is the managing member of the Buyer and owned an approximately 44.5% interest in the Buyer as of March 31, 2015. As of March 31, 2015, noncontrolling third-party investors, owning the remaining interest in the Buyer have funded capital commitments to the Buyer of $389.6 million and New Residential has funded capital commitments to the Buyer of $312.7 million. The Buyer may call capital up to the commitment amount on unfunded commitments and recall capital to the extent the Buyer makes a distribution to the co-investors, including New Residential. As of March 31, 2015, the third-party co-investors and New Residential have previously funded their commitments, however the Buyer may recall $238.4 million and $188.3 million of capital distributed to the third-party co-investors and New Residential, respectively.  Neither the third-party co-investors nor New Residential is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of the Buyer that holds its investment in servicer advances.
	The Buyer has purchased servicer advances from Nationstar, is required to purchase all future servicer advances made with respect to these pools from Nationstar, and receives cash flows from advance recoveries and the basic fee component of the related MSRs, net of compensation paid back to Nationstar in consideration of Nationstar’s servicing activities. The compensation paid to Nationstar as of March 31, 2015 was approximately 9.2% of the basic fee component of the related MSRs plus a performance fee that represents a portion (up to 100%) of the cash flows in excess of those required for the Buyer to obtain a specified return on its equity.
	In December 2014, New Residential agreed to acquire (the “SLS Transaction”) 50% of the Excess MSRs, all of the servicer advances and related basic fee portion of the MSRs (the “Advance Fee”), and a portion of the call rights related to an underlying pool of residential mortgage loans with a UPB of approximately $3.0 billion which is serviced by SLS. Fortress-managed funds acquired the other 50% of the Excess MSRs. The aggregate purchase price was approximately $229.7 million. The par amount of the total advance commitments for the SLS Transaction was $219.2 million (with related financing of $195.5 million). As of December 31, 2014, the closed portion of the purchase of $93.8 million included $8.4 million for 50% of the Excess MSRs, $83.8 million for servicer advances and Advance Fee (of which $74.3 million was financed as of December 31, 2014), and $1.6 million to fund a portion of the call rights on 57 of the 99 underlying securitization trusts. The remaining portion of the purchase price of $135.9 million included servicer advances and Advance Fee unfunded commitments of approximately $133.8 million that were funded in January 2015 (with approximately $121.2 million of related financing) and $2.1 million to fund the remaining portion of the call rights on 57 of the 99 underlying securitization trusts. As of March 31, 2015, New Residential had settled $168.4 million of servicer advances, net of recoveries, financed with $150.1 million of notes payable outstanding (Note 11). SLS will continue to service the loans in exchange for a servicing fee of 10.75 bps and an incentive fee (the “Incentive Fee”) which is based on the ratio of the outstanding servicer advances to the UPB of the underlying loans.
	New Residential elected to record its investments in servicer advances, including the right to the basic fee component of the related MSRs, at fair value pursuant to the fair value option for financial instruments to provide users of the financial statements with better information regarding the effects of market factors.
	The following is a summary of the investments in servicer advances, including the right to the basic fee component of the related MSRs:
		Amortized Cost Basis				Carrying Value(A)				Weighted Average Discount Rate			Weighted Average Life (Years)(B)
	31-Mar-15
	Servicer advances	$	3,168,909			$	3,245,457			5.4	%		3.9
	As of December 31, 2014
	Servicer advances	$	3,186,622			$	3,270,839			5.4	%		4
	(A)	Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
	(B)	Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment.
			Three Months Ended March 31,
			2015				2014
	Changes in Fair Value Recorded in Other Income		$	(7,669	)		$	—
	The following is additional information regarding the servicer advances and related financing:
																Loan-to-Value				Cost of Funds(B)
			UPB of Underlying Residential Mortgage Loans				Outstanding Servicer Advances				Servicer Advances to UPB of Underlying Residential Mortgage Loans			Carrying Value of Notes Payable		Gross		Net(A)		Gross		Net
	March 31, 2015
	Servicer advances(C)		$	92,159,246			$	3,068,306			3.3	%		$	2,875,412	91.5	%	90.6	%	2.6	%	2.2	%
	December 31, 2014
	Servicer advances(C)		$	96,547,773			$	3,102,492			3.2	%		$	2,890,230	91.4	%	90.4	%	3	%	2.3	%
	(A)	Ratio of face amount of borrowings to par amount of servicer advance collateral, net of an interest reserve maintained by the Buyer.
	(B)	Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees.
	(C)	The following types of advances comprise the investments in servicer advances:
			March 31, 2015				December 31, 2014
	Principal and interest advances		$	737,845			$	729,713
	Escrow advances (taxes and insurance advances)		1,514,848				1,600,713
	Foreclosure advances		815,613				772,066
	Total		$	3,068,306			$	3,102,492
	Interest income recognized by New Residential related to its investments in servicer advances was comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Interest income, gross of amounts attributable to servicer compensation		$	63,357			$	67,138
	Amounts attributable to base servicer compensation		(6,601		)		(6,280		)
	Amounts attributable to incentive servicer compensation		(14,407		)		(15,142		)
	Interest income from investments in servicer advances		$	42,349			$	45,716
	Others’ interests in the equity of the Buyer is computed as follows:
			March 31, 2015				December 31, 2014
	Total Advance Purchaser LLC equity		$	445,041			$	457,545
	Others’ ownership interest		55.5		%		55.5		%
	Others’ interest in equity of consolidated subsidiary		$	246,899			$	253,836
	Others’ interests in the Buyer’s net income is computed as follows:
			Three Months Ended March 31,
			2015				2014
	Net Advance Purchaser LLC income		$	10,496			$	13,511
	Others’ ownership interest as a percent of total(A)		55.5		%		59.9		%
	Others’ interest in net income (loss) of consolidated subsidiaries		$	5,823			$	8,093
	(A)	As a result, New Residential owned 44.5% and 40.1% of the Buyer, on average during the three months ended March 31, 2015 and 2014, respectively.

INVESTMENTS_IN_REAL_ESTATE_SEC

INVESTMENTS IN REAL ESTATE SECURITIES	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN REAL ESTATE SECURITIES	INVESTMENTS IN REAL ESTATE SECURITIES
	During the three months ended March 31, 2015, New Residential acquired $257.8 million face amount of Non-Agency RMBS for approximately $222.1 million and $979.8 million face amount of Agency RMBS for approximately $1.0 billion. New Residential sold Non-Agency RMBS with a face amount of approximately $441.1 million and an amortized cost basis of approximately $385.9 million for approximately $389.7 million, recording a gain on sale of approximately $3.8 million. Furthermore, New Residential sold Agency RMBS with a face amount of $1.0 billion and an amortized cost basis of approximately $1.0 billion for approximately $1.1 billion, recording a gain on sale of approximately $20.9 million.
	See Note 10 for a discussion of transactions formerly accounted for as linked transactions.
	The following is a summary of New Residential’s real estate securities, all of which are classified as available-for-sale and are, therefore, reported at fair value with changes in fair value recorded in other comprehensive income, except for securities that are other-than-temporarily impaired and except for securities which New Residential elected to carry at fair value and record changes to valuation through the income statement.
									Gross Unrealized												Weighted Average													31-Dec-14
	Asset Type		Outstanding Face Amount			Amortized Cost Basis			Gains				Losses			Carrying Value(A)			Number of Securities		Rating(B)		Coupon			Yield			Life (Years)(C)		Principal Subordination(D)			Carrying Value
	Agency		$	1,575,759		$	1,659,781		$	7,510			$	(2,295	)	$	1,664,996		102		AAA		3.11	%		2.18	%		5.4		N/A			$	1,740,163
	RMBS(E)(F)
	Non-Agency		1,820,536			647,915			14,641				(2,637		)	659,919			137		BBB-		0.76	%		5.74	%		9.7		26	%		723,000
	RMBS(G) (H)
	Total/		$	3,396,295		$	2,307,696		$	22,151			$	(4,932	)	$	2,324,915		239		AA-		2.45	%		3.18	%		6.6					$	2,463,163
	Weighted
	Average
	(A)	Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value.
	(B)	Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 20 bonds which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current.
	(C)	The weighted average life is based on the timing of expected principal reduction on the assets.
	(D)	Percentage of the outstanding face amount of securities that is subordinate to New Residential’s investments.
	(E)	Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
	(F)	The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.
	(G)	The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.
	(H)	Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio.
									Gross Unrealized												Weighted Average
	Asset Type		Outstanding Face Amount			Amortized Cost Basis			Gains				Losses			Carrying Value			Number of Securities		Rating		Coupon			Yield			Life (Years)		Principal Subordination
	Other ABS		$	984,460		$	56,414		$	829			$	(1,119	)	$	56,124		8		AA+		1.98	%		8.65	%		4		—	%
	Unrealized losses that are considered other than temporary are recognized currently in earnings. During the three months ended March 31, 2015, New Residential recorded other-than-temporary impairment charges (“OTTI”) of $1.1 million with respect to real estate securities. Any remaining unrealized losses on New Residential’s securities were primarily the result of changes in market factors, rather than issue-specific credit impairment. New Residential performed analyses in relation to such securities, using management’s best estimate of their cash flows, which support its belief that the carrying values of such securities were fully recoverable over their expected holding period. New Residential has no intent to sell, and is not more likely than not to be required to sell, these securities.
	The following table summarizes New Residential’s securities in an unrealized loss position as of March 31, 2015.
						Amortized Cost Basis																			Weighted Average
	Securities in an Unrealized Loss Position		Outstanding Face Amount			Before Impairment			Other-Than-				After Impairment			Gross Unrealized Losses			Carrying Value			Number of Securities			Rating(B)		Coupon			Yield			Life
									Temporary Impairment(A)																								(Years)
	Less than Twelve		$	1,297,224		$	494,733		$	(1,071	)		$	493,662		$	(3,202	)	$	490,460		70			AA-		1.37	%		2.2	%		7.2
	Months
	Twelve or More		128,605			123,794			—				123,794			(1,730		)	122,064			22			AA+		2.39	%		1.96	%		4.4
	Months
	Total/Weighted		$	1,425,829		$	618,527		$	(1,071	)		$	617,456		$	(4,932	)	$	612,524		92			AA		1.57	%		2.15	%		6.7
	Average
	(A)	This amount represents other-than-temporary impairment recorded on securities that are in an unrealized loss position as of March 31, 2015.
	(B)	The weighted average rating of securities in an unrealized loss position for less than twelve months excludes the rating of 20 bonds which either have never been rated or for which rating information is no longer provided.
	New Residential performed an assessment of all of its debt securities that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of OTTI, exceeds its fair value) and determined the following:
		March 31, 2015
								Unrealized Losses
		Fair Value			Amortized Cost Basis After Impairment			Credit(A)				Non-Credit(B)
	Securities New Residential intends to sell(C)	$	—		$	—		$	—			$	—
	Securities New Residential is more likely than not to be	—			—			—				N/A
	required to sell(D)
	Securities New Residential has no intent to sell and is not
	more likely than not to be required to sell:
	Credit impaired securities	107,612			108,440			(1,071		)		(828		)
	Non-credit impaired securities	504,912			509,016			—				(4,104		)
	Total debt securities in an unrealized loss position	$	612,524		$	617,456		$	(1,071	)		$	(4,932	)
	(A)	This amount is required to be recorded as other-than-temporary impairment through earnings. In measuring the portion of credit losses, New Residential’s management estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include management’s expectations of prepayment speeds, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment’s effective interest rate.
	(B)	This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income.
	(C)	A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment and, therefore, do not have unrealized losses reflected in other comprehensive income as of March 31, 2015.
	(D)	New Residential may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, New Residential must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales.
	The following table summarizes the activity related to credit losses on debt securities:
		Three Months Ended March 31, 2015
	Beginning balance of credit losses on debt securities for which a portion of an OTTI was	$	1,127
	recognized in other comprehensive income
	Increases to credit losses on securities for which an OTTI was previously recognized and a portion	6
	of an OTTI was recognized in other comprehensive income
	Additions for credit losses on securities for which an OTTI was not previously recognized	1,065
	Reductions for securities for which the amount previously recognized in other comprehensive	—
	income was recognized in earnings because the entity intends to sell the security or more likely
	than not will be required to sell the security before recovery of its amortized cost basis
	Reduction for credit losses on securities for which no OTTI was recognized in other	—
comprehensive income at the current measurement date
Reduction for securities sold during the period	(228		)
Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized	$	1,970
in other comprehensive income
The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS:
		31-Mar-15					31-Dec-14
Geographic Location		Outstanding Face Amount			Percentage of Total Outstanding		Outstanding Face Amount				Percentage of Total Outstanding
Western U.S.		$	614,391		33.6	%	$	779,930			41.1	%
Southeastern U.S.		479,970			26.4	%	409,755				21.6	%
Northeastern U.S.		327,308			18	%	344,716				18.2	%
Midwestern U.S.		160,246			8.8	%	190,480				10	%
Southwestern U.S.		238,127			13.1	%	170,829				9	%
Other(A)		494			0.1	%	440				0.1	%
		$	1,820,536		100	%	$	1,896,150			100	%
(A)	Represents collateral for which New Residential was unable to obtain geographic information.
New Residential evaluates the credit quality of its real estate securities, as of the acquisition date, for evidence of credit quality deterioration. As a result, New Residential identified a population of real estate securities for which it was determined that it was probable that New Residential would be unable to collect all contractually required payments. For securities acquired during the three months ended March 31, 2015, excluding residual and interest-only securities, the face amount of these real estate securities was $36.4 million, with total expected cash flows of $45.5 million and a fair value of $21.9 million on the dates that New Residential purchased the respective securities.
The following is the outstanding face amount and carrying value for securities, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments, excluding residual and interest-only securities:
	Outstanding Face Amount			Carrying Value
March 31, 2015	$	234,289		$	147,137
December 31, 2014	536,342			414,298
The following is a summary of the changes in accretable yield for these securities:
	Three Months Ended March 31, 2015
Balance at December 31, 2014	$	181,671
Additions	23,599
Accretion	(4,321		)
Reclassifications from (to) non-accretable difference	(3,605		)
Disposals	(100,536		)
Balance at March 31, 2015	$	96,808
See Note 18 for recent activities related to New Residential’s investments in real estate securities.

INVESTMENTS_IN_RESIDENTIAL_MOR

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS
	During the three months ended March 31, 2015, New Residential sold several portfolios of reperforming and non-performing residential mortgage loans as discussed below:
	•	On February 27, 2015, New Residential sold a portfolio of non-performing residential mortgage loans with a UPB of approximately $135.2 million and a carrying value of approximately $102.4 million at a price of $102.8 million and recorded a gain of $0.4 million.
	•	On March 19, 2015, New Residential sold a portfolio of reperforming residential mortgage loans with a UPB of approximately $176.5 million and a carrying value of approximately $142.1 million at a price of $148.6 million and recorded a gain of $6.5 million.
	•	On March 26, 2015, New Residential sold a portfolio of reperforming residential mortgage loans with a UPB of approximately $6.4 million and a carrying value of approximately $5.1 million at a price of $5.3 million and recorded a gain of $0.2 million.
	•	On March 27, 2015, New Residential sold a portfolio of non-performing residential mortgage loans and REO with a UPB of approximately $469.6 million and a carrying value of approximately $362.0 million at a price of $373.0 million and recorded a gain of $11.0 million.
	Loans are accounted for based on management’s strategy for the loan, and on whether the loan was credit-impaired at the date of acquisition. New Residential accounts for loans based on the following categories:
	•	Loans Held-for-Investment:
	◦	Reverse Mortgage Loans
	◦	Performing Loans
	◦	Purchased Credit Impaired (“PCI”) Loans
	•	Loans Held-for-Sale (“HFS”)
	•	Real Estate Owned (“REO”)
	The following table presents certain information regarding New Residential’s residential mortgage loans outstanding by loan type, excluding REO:
			March 31, 2015
			Outstanding Face Amount				Carrying		Loan	Weighted Average Yield		Weighted Average Life (Years)(A)	Floating Rate Loans as a % of Face Amount		Loan to Value Ratio (“LTV”)(B)		Weighted Avg. Delinquency(C)		Weighted Average FICO(D)	December 31, 2014 Carrying Value
							Value		Count
	Loan Type
	Reverse Mortgage Loans(E)(F)		$	42,306			$	23,294	182	10	%	4	21.4	%	109.6	%	78.2	%	N/A	$	24,965
	Performing Loans(G)		23,548				21,673		709	8.7	%	5.8	17.9	%	79.6	%	0.3	%	620	22,873
	Total Residential Mortgage Loans, held-for-		$	65,854			$	44,967	891	9.6	%	4.7	19.4	%	98.5	%	53	%	620	$	47,838
	investment
	Performing Loans, held-for-sale(G)		$	268,731			$	270,407	4,832	4.9	%	7	27.6	%	82.1	%	—	%	621	$	388,485
	Purchased Credit Impaired (“PCI”) Loans,		300,598				229,767		2,133	5.9	%	2.4	32.4	%	105.9	%	87.4	%	547	737,954
	held-for-sale(H)
	Residential Mortgage Loans, held-for-sale		$	569,329			$	500,174	6,965	5.4	%	4.5	30.1	%	94.7	%	46.2	%	582	$	1,126,439
	(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
	(B)	LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
	(C)	Represents the percentage of the total principal balance that are 60+ days delinquent.
	(D)	The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.
	(E)	Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 76% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.
	(F)	FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
	(G)	Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $0.7 million.
	(H)	Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of March 31, 2015, New Residential has placed all of these loans on nonaccrual status.
	New Residential generally considers the delinquency status, loan-to-value ratios, and geographic area of residential mortgage loans as its credit quality indicators. Delinquency status is a primary credit quality indicator as loans that are more than 30 days past due provide an early warning of borrowers who may be experiencing financial difficulties. For residential mortgage loans, the current LTV ratio is an indicator of the potential loss severity in the event of default. Finally, the geographic distribution of the loan collateral also provides insight as to the credit quality of the portfolio, as factors such as the regional economy, home price changes and specific events will affect credit quality.
	The table below summarizes the geographic distribution of the underlying residential mortgage loans:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	New York		11.2	%		12.2	%
	California		9	%		15	%
	Florida		7.1	%		6.3	%
	New Jersey		5.5	%		7	%
	Georgia		4.8	%		3.6	%
	Texas		4.7	%		4.1	%
	Pennsylvania		4.7	%		3.9	%
	North Carolina		4.6	%		3	%
	Ohio		4.4	%		3.1	%
	Illinois		4.1	%		4.4	%
	Other U.S.		39.9	%		37.4	%
			100	%		100	%
	Reverse Mortgage Loans
	In February 2013, New Residential, through a subsidiary, entered into an agreement to co-invest in a portfolio of reverse mortgage loans. New Residential acquired a 70% interest in the reverse mortgage loans. Nationstar has co-invested on a pari passu basis with New Residential in 30% of the reverse mortgage loans and is the servicer of the loans performing all servicing and advancing functions and retaining the ancillary income, servicing obligations and liabilities as the servicer.
	Performing Loans
	The following table provides past due information for New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for loan losses:
	March 31, 2015
	Days Past Due		Delinquency Status(A)
	Current		86.1	%
	30-59		13.9	%
	60-89		—	%
	90-119(B)		—	%
	120+(C)		—	%
			100	%
	(A)	Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status.
	(B)	Includes loans 90-119 days past due and still accruing because they are generally placed on nonaccrual status at 120 days or more past due.
(C)	Represents nonaccrual loans.
Activities related to the carrying value of residential mortgage loans held-for-investment were as follows:
	For the Three Months Ended March 31, 2015
	Reverse Mortgage Loans				Performing Loans
Balance at December 31, 2014	$	24,965			$	22,873
Purchases/additional fundings	340				—
Proceeds from repayments	—				(854		)
Accretion of loan discount (premium) and other amortization	1,274				(228		)
Provision for loan losses	(202		)		(118		)
Transfer of loans to other assets	(2,720		)		—
Transfer of loans to real estate owned	(363		)		—
Transfer of loans to held-for-sale	—				—
Reversal of valuation provision on loans transferred to other assets	—				—
Balance at March 31, 2015	$	23,294			$	21,673
Activities related to the valuation provision on reverse mortgage loans and allowance for loan losses on performing loans held-for-investment were as follows:
	For the Three Months Ended March 31, 2015
	Reverse Mortgage Loans				Performing Loans
Balance at December 31, 2014	$	1,518			$	1,447
Allowance for loan losses(A)	202				118
Charge-offs(B)	—				(1,371		)
Reversal of valuation provision on loans transferred to other assets	—				—
Balance at March 31, 2015	$	1,720			$	194
(A)	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.
(B)	Loans, other than PCI 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.
Purchased Credit Impaired Loans
All of New Residential’s PCI loans were classified as held-for-sale at December 31, 2014 and throughout the three months ended March 31, 2015, and therefore, are not subject to the accounting in ASC 310-30.
Loans Held-for-Sale
Activities related to the carrying value of loans held-for-sale were as follows:
		For the Three Months Ended March 31, 2015
		Loans Held-for-Sale
Balance at December 31, 2014		$	1,126,439
Purchases(A)		—
Sales		(606,155		)
Transfer of loans to real estate owned		(15,417		)
Adoption of ASU 2014-11(B)		1,831
Proceeds from repayments		(5,682		)
Valuation provision on loans(C)		(842		)
Balance at March 31, 2015		$	500,174
(A)	Represents loans acquired with the intent to sell.
(B)	Represents loans financed with the selling counterparty that were previously accounted for as linked transactions.
(C)	Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans.
Real estate owned (REO)
During the three months ended March 31, 2015, New Residential received properties in satisfaction of non-performing residential mortgage loans. As a result, New Residential has recognized REO assets totaling approximately $15.2 million during the three months ended March 31, 2015. As of March 31, 2015, New Residential had non-performing residential mortgage loans that were in the process of foreclosure with an unpaid principal balance of $204.8 million.
Linked Transactions
See Note 10 for a discussion of transactions formerly accounted for as linked transactions.

INVESTMENTS_IN_CONSUMER_LOANS_

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES	3 Months Ended
	Mar. 31, 2015
Investments In Consumer Loans Equity Method Investees [Abstract]
INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES	INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES
	In April 2013, New Residential completed, through newly formed limited liability companies (together, the “Consumer Loan Companies”), a co-investment in a portfolio of consumer loans. The portfolio included personal unsecured loans and personal homeowner loans originated through subsidiaries of HSBC Finance Corporation. The Consumer Loan Companies acquired the portfolio from HSBC Finance Corporation and its affiliates. New Residential acquired 30% membership interests in each of the Consumer Loan Companies. Of the remaining 70% of the membership interests, Springleaf acquired 47% and an affiliate of Blackstone Tactical Opportunities Advisors L.L.C. acquired 23%. Springleaf acts as the managing member of the Consumer Loan Companies. The Consumer Loan Companies initially financed approximately 73% of the original purchase price with asset-backed notes. In September 2013, the Consumer Loan Companies issued and sold additional asset-backed notes that were subordinate to the debt issued in April 2013. The Consumer Loan Companies were formed on March 19, 2013, for the purpose of making this investment, and commenced operations upon the completion of the investment. After a servicing transition period, Springleaf became the servicer of the loans and provides all servicing and advancing functions for the portfolio.
	On October 3, 2014, the Consumer Loan Companies refinanced the outstanding asset-backed notes with an asset-backed securitization for approximately $2.6 billion. The proceeds in excess of the refinanced debt were distributed to the respective co-investors. New Residential received approximately $337.8 million, which reduced New Residential’s basis in the consumer loans investment to $0.0 million and resulted in a gain of approximately $80.1 million. Subsequent to this refinancing, New Residential has discontinued recording its share of the underlying earnings of the Consumer Loan Companies until such time as their cumulative earnings exceed their cumulative distributions. During the three months ended March 31, 2015, the Consumer Loan Companies distributed $10.4 million to New Residential in excess of its basis, resulting in a corresponding gain.
	The following tables summarize the investment in the Consumer Loan Companies held by New Residential:
			March 31, 2015				December 31, 2014
	Consumer loan assets (amortized cost basis)		$	1,981,271			$	2,088,330
	Other assets		92,028				92,051
	Debt		(2,282,438		)		(2,411,421		)
	Other liabilities		(5,854		)		(12,340		)
	Equity		$	(214,993	)		$	(243,380	)
	New Residential’s investment		$	—			$	—
	New Residential’s ownership		30		%		30		%
			Three Months Ended March 31,
			2015				2014
	Interest income		$	121,869			$	142,815
	Interest expense		(23,107		)		(22,195		)
	Provision for finance receivable losses		(19,636		)		(34,156		)
	Other expenses, net		(15,964		)		(20,452		)
	Change in fair value of debt		—				(16,867		)
	Net income		$	63,162			$	49,145
	New Residential’s equity in net income (through October 3, 2014)		$	—			$	16,360
	New Residential’s ownership		30		%		30		%
	The following is a summary of New Residential’s consumer loan investments made through equity method investees:
		Unpaid Principal Balance(A)				Interest in  Consumer Loan Companies			Carrying Value(B)		Weighted Average Coupon(C)		Weighted Average Yield		Weighted Average Expected Life (Years)(D)
	31-Mar-15	$	2,460,743			30	%		$	1,981,271	18.2	%	16.3	%	3.6
	31-Dec-14	$	2,589,748			30	%		$	2,088,330	18.1	%	16.1	%	3.6
	(A)	Represents the February 28, 2015 and November 30, 2014 balances, respectively.
	(B)	Represents the carrying value of the consumer loans held by the Consumer Loan Companies.
	(C)	Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.
	(D)	Weighted Average Expected Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES
	As of March 31, 2015, New Residential’s derivative instruments included economic hedges that were not designated as hedges for accounting purposes. New Residential uses economic hedges to hedge a portion of its interest rate risk exposure. Interest rate risk is sensitive to many factors including governmental monetary and tax policies, domestic and international economic and political considerations, as well as other factors. New Residential’s credit risk with respect to economic hedges and linked transactions is the risk of default on New Residential’s investments that results from a borrower’s or counterparty’s inability or unwillingness to make contractually required payments.
	As of March 31, 2015, New Residential held to-be-announced forward contract positions (“TBAs”) of $980.0 million in a short notional amount of Agency RMBS and any amounts or obligations owed by or to New Residential are subject to the right of set-off with the TBA counterparty. New Residential’s net short position in TBAs of $980.0 million notional was entered into as an economic hedge in order to mitigate New Residential’s interest rate risk on certain residential mortgage loans and specified mortgage backed securities.
	As of March 31, 2015, New Residential held TBA positions of $980.0 million in a short notional amount of Agency RMBS and any amounts or obligations owed by or to New Residential are subject to the right of set-off with the TBA counterparty. As part of executing these trades, New Residential has entered into agreements with its TBA counterparties that govern the transactions for the TBA purchases or sales made, including margin maintenance, payment and transfer, events of default, settlements, and various other provisions. New Residential has fulfilled all obligations and requirements entered into under these agreements.
	As a result of ASU No. 2014-11 (Note 2), New Residential has determined that, as of January 1, 2015, its linked transactions are accounted for as secured borrowings. As a result, $32.4 million carrying amount of derivatives was removed from the balance sheet and replaced with $116.8 million carrying amount of Non-Agency RMBS, $1.8 million carrying amount of Residential Mortgage Loans, Held-for-Investment, $86.0 million of Repurchase Agreements, and $0.2 million of other liabilities.
	New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows:
		Balance Sheet Location		31-Mar-15				31-Dec-14
	Derivative assets
	Real Estate Securities(A)	Derivative assets		$	—			$	32,090
	Non-Performing Loans(A)	Derivative assets		—				312
	Interest Rate Caps	Derivative assets		71				195
				$	71			$	32,597
	Derivative liabilities
	TBAs	Accrued expenses and other liabilities		$	8,539			$	4,985
	Interest Rate Swaps	Accrued expenses and other liabilities		12,588				9,235
				$	21,127			$	14,220
	(A)	For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.
	The following table summarizes notional amounts related to derivatives:
		March 31, 2015				December 31, 2014
	Non-Performing Loans(A)	$	—			$	2,931
	Real Estate Securities(B)	—				186,694
	TBAs, short position(C)	980,000				1,234,000
	Interest Rate Caps(D)	210,000				210,000
	Interest Rate Swaps, short position(E)	1,107,000				1,107,000
	(A)	For December 31, 2014, represents the UPB of the underlying loans of the non-performing loan pools within linked transactions.
	(B)	For December 31, 2014, represents the face amount of the real estate securities within linked transactions.
	(C)	Represents the notional amount of Agency RMBS, classified as derivatives.
	(D)	Caps LIBOR at 3.0%.
	(E)	Receive LIBOR and pay a fixed rate.
	The following table summarizes gains (losses) recorded in relation to derivatives:
			For the Three Months Ended March 31,
			2015				2014
	Other income (loss)
	Non-Performing Loans(A)		$	—			$	671
	TBAs		(3,554		)		362
	Interest Rate Swaps		(3,352		)		(84		)
	U.S.T. Short Positions		—				408
	Interest Rate Caps		(124		)		—
			(7,030		)		1,357
	Gain (loss) on settlement of investments
	Real Estate Securities(A)		—				—
	TBAs		(16,033		)		43
	Interest Rate Swaps		(6,557		)		(178		)
			(22,590		)		(135		)
	Total gains (losses)		$	(29,620	)		$	1,222
	(A)	For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounts for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.

DEBT_OBLIGATIONS

DEBT OBLIGATIONS	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS
	The following table presents certain information regarding New Residential’s debt obligations:
	31-Mar-15																									31-Dec-14
																			Collateral
	Debt Obligations/Collateral		Month Issued		Outstanding Face Amount				Carrying Value				Final Stated Maturity		Weighted Average Funding Cost		Weighted Average Life (Years)		Outstanding Face		Amortized Cost Basis		Carrying Value		Weighted Average Life (Years)	Carrying Value
	Repurchase Agreements(A)
	Agency		Various		$	1,612,972			$	1,612,972			Apr-15 to May-15		0.36	%	0.1		$	1,575,759	$	1,659,781	$	1,664,996	5.4	$	1,707,602
	RMBS(B)
	Non-Agency		Various		315,919				315,919				Apr-15 to Jun-15		1.77	%	0.1		1,500,816		428,696		439,579		9	539,049
	RMBS (C)
	Residential		Various		392,521				392,521				May-15 to Aug-16		2.37	%	0.8		584,085		514,109		514,109		4.6	867,334
	Mortgage
	Loans(D)
	Real Estate		Various		17,977				17,977				May-15 to Aug-16		2.82	%	1.1		N/A		N/A		33,408		N/A	35,105
	Owned(E)
	Total				2,339,389				2,339,389						0.91	%	0.2									3,149,090
	Repurchase
	Agreements
	Notes Payable
	Secured		15-Jan		100,000				100,000				15-Jul		3.93	%	0.3		105,939,876		239,540		279,404		5.3	—
	Corporate
	Loan (F)
	Servicer		Various		2,875,412				2,875,412				Dec-15 to Mar-17		2.62	%	1.4		3,068,306		3,168,909		3,245,457		3.9	2,890,230
	Advances(G)
	Residential		14-Oct		23,604				23,604				15-Oct		3.08	%	0.6		42,306		25,013		23,294		4	22,194
	Mortgage
	Loans(H)
	Real Estate		14-Oct		402				402				15-Oct		3.08	%	0.6		N/A		N/A		397		N/A	785
	Owned(H)
	Total Notes				2,999,418				2,999,418						2.66	%	1.3									2,913,209
	Payable
	Total/ Weighted				$	5,338,807			$	5,338,807					1.9	%	0.8									$	6,062,299
	Average
	(A)	These repurchase agreements had approximately $2.0 million of associated accrued interest payable as of March 31, 2015.
	(B)	The counterparties of these repurchase agreements are Mizuho ($89.6 million), Morgan Stanley ($73.3 million), Barclays ($788.7 million), Daiwa ($338.9 million) and Jefferies ($322.5 million) and were subject to customary margin call provisions. All of the Agency RMBS repurchase agreements have a fixed rate.
	(C)	The counterparties of these repurchase agreements are Barclays ($5.6 million), Credit Suisse ($107.3 million), Royal Bank of Canada ($10.2 million), Bank of America, N.A. ($80.1 million), Goldman Sachs ($60.9 million) and UBS ($51.8 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates.
	(D)	The counterparties on these repurchase agreements are Bank of America N.A. ($39.5 million maturing in August 2016), Nomura ($68.7 million maturing in May 2016), Citibank ($4.8 million maturing in May 2015) and Credit Suisse ($279.5 million maturing in November 2015). All of these repurchase agreements have LIBOR-based floating interest rates.
	(E)	The counterparties of these repurchase agreements are Credit Suisse ($1.2 million), Bank of America, N.A. ($2.0 million), Citibank ($0.4 million) and Nomura ($14.4 million). All of these repurchase agreements have LIBOR-based floating interest rates.
	(F)	The loan bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.75%. The outstanding face of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure this corporate loan.
	(G)	$0.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.0%.
	(H)	The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
	Certain of the debt obligations included above are obligations of New Residential’s consolidated subsidiaries, which own the related collateral. In some cases, including the servicer advances, such collateral is not available to other creditors of New Residential.
	New Residential has margin exposure on $2.3 billion of repurchase agreements. To the extent that the value of the collateral underlying these repurchase agreements declines, New Residential may be required to post margin, which could significantly impact its liquidity.
	Activities related to the carrying value of New Residential’s debt obligations were as follows:
			Servicer Advances				Real Estate Securities				Real Estate Loans				Other			Total
	Balance at December 31, 2014(A)		$	2,890,230			$	2,246,651			$	925,418			$	—		$	6,062,299
	Repurchase Agreements
	Borrowings		—				1,089,257				31,864				—			1,121,121
	Modified retrospective adjustment for the adoption of ASU No. 2014-11		—				84,649				1,306				—			85,955
	Repayments		—				(1,491,666		)		(525,111		)		—			(2,016,777		)
	Notes Payable
	Borrowings		380,702				—				1,632				100,000			482,334
	Repayments		(395,520		)		—				(605		)		—			(396,125		)
	Balance at March 31, 2015		$	2,875,412			$	1,928,891			$	434,504			$	100,000		$	5,338,807
	(A)    Excludes debt related to linked transactions (Note 10).
	Servicer Advances
	During the first quarter of 2015, the Buyer entered into agreements to increase financing pursuant to one servicer advance facility and one of the notes, which settled in March 2015. The facility increased capacity from $500.0 million to $1.0 billion, and the note increased from $650.0 million to $800.0 million with a fixed interest rate equal to 2.50% and an expected repayment date of March 2017.
	Other
	During the first quarter of 2015, New Residential entered into a $100.0 million secured corporate loan with Credit Suisse First Boston Mortgage Capital LLC, an affiliate of Credit Suisse Securities (USA) LLC. The loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 3.75%. The loan agreement contains customary covenants and event of default provisions.
	Maturities
	New Residential’s debt obligations as of March 31, 2015 had contractual maturities as follows:
	Year		Nonrecourse				Recourse				Total
	April 1 through December 31, 2015		$	150,128			$	2,338,753			$	2,488,881
	2016		2,107,255				41,473				2,148,728
2017		701,198				—				701,198
		$	2,958,581			$	2,380,226			$	5,338,807
Borrowing Capacity
The following table represents New Residential’s borrowing capacity as of March 31, 2015:
Debt Obligations/ Collateral		Collateral Type		Borrowing Capacity				Balance Outstanding				Available Financing
Repurchase Agreements
Residential Mortgage Loans		Real Estate Loans		$	1,720,000			$	410,498			$	1,309,502
Notes Payable
Servicer Advances(A)		Servicer Advances		3,300,000				2,875,412				424,588
				$	5,020,000			$	3,285,910			$	1,734,090
(A)	New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.3% fee on the unused borrowing capacity.
Certain of the debt obligations are subject to customary loan covenants and event of default provisions, including event of default provisions triggered by a 50% equity decline over any 12-month period or a 35% decline over any 3-month period and a 4:1 indebtedness to tangible net worth provision. New Residential was in compliance with all of its debt covenants as of March 31, 2015.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying values and fair values of New Residential’s financial assets recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2015 were as follows:
										Fair Value
		Principal Balance or Notional Amount				Carrying Value				Level 1				Level 2				Level 3				Total
	Assets:
	Investments in:
	Excess mortgage servicing rights, at fair	$	163,572,436			$	526,662			$	—			$	—			$	526,662			$	526,662
	value(A)
	Excess mortgage servicing rights, equity	84,000,746				225,111				—				—				225,111				225,111
	method investees, at fair value(A)
	Servicer advances	3,068,306				3,245,457				—				—				3,245,457				3,245,457
	Real estate securities, available-for-sale	3,396,295				2,324,915				—				1,664,996				659,919				2,324,915
	Residential mortgage loans, held-for-	65,854				44,967				—				—				45,900				45,900
	investment
	Residential mortgage loans, held-for-	569,329				500,174				—				—				506,986				506,986
	sale
	Non-hedge derivatives	210,000				71				—				71				—				71
	Cash and cash equivalents	459,334				459,334				459,334				—				—				459,334
	Restricted cash	28,325				28,325				28,325				—				—				28,325
						$	7,355,016			$	487,659			$	1,665,067			$	5,210,035			$	7,362,761
	Liabilities:
	Repurchase agreements	$	2,339,389			$	2,339,389			$	—			$	1,928,891			$	410,498			$	2,339,389
	Notes payable	2,999,418				2,999,418				—				—				2,999,418				2,999,418
	Derivative liabilities	2,087,000				21,127				—				21,127				—				21,127
						$	5,359,934			$	—			$	1,950,018			$	3,409,916			$	5,359,934
	(A)	The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.
	New Residential’s financial assets measured at fair value on a recurring basis using Level 3 inputs changed as follows:
		Level 3
		Excess MSRs(A)								Excess MSRs in Equity Method Investees(A)(B)
		Agency				Non-Agency				Agency				Non-Agency				Servicer Advances				Non-Agency RMBS			Linked Transactions			Total
	Balance at December 31, 2014	$	217,519			$	200,214			$	232,618			$	98,258			$	3,270,839			$	723,000		$	32,402		$	4,774,850
	Transfers(C)
	Transfers from Level 3	—				—				—				—				—				—			—			—
	Transfers to Level 3	—				—				—				—				—				—			—			—
	Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	—				98,258				—				(98,258		)		—				—			—			—
	Gains (losses) included in net income
	Included in other-than-temporary	—				—				—				—				—				(1,071		)	—			(1,071		)
	impairment (“OTTI”) on securities(D)
	Included in change in fair value of	(234		)		(1,527		)		—				—				—				—			—			(1,761		)
	investments in excess mortgage
	servicing rights(D)
	Included in change in fair value of	—				—				4,921				—				—				—			—			4,921
	investments in excess mortgage
	servicing rights, equity method
	investees(D)
	Included in change in fair value of	—				—				—				—				(7,669		)		—			—			(7,669		)
	investments in servicer advances
	Included in gain on settlement of	—				—				—				—				—				3,808			—			3,808
	investments, net
	Included in other income(D)	730				—				—				—				—				—			—			730
	Gains (losses) included in other	—				—				—				—				—				(481		)	—			(481		)
	comprehensive income, net of tax(E)
	Interest income	6,458				8,579				—				—				42,349				8,450			—			65,836
	Purchases, sales, repayments and transfers
	Purchases	26,479				—				—				—				1,765,294				222,102			—			2,013,875
	Proceeds from sales	—				—				—				—				—				(389,719		)	—			(389,719		)
	Proceeds from repayments	(11,973		)		(17,841		)		(12,428		)		—				(1,825,356		)		(23,002		)	—			(1,890,600		)
	De-linked transactions(F)	—				—				—				—				—				116,832			(32,402		)	84,430
	Balance at March 31, 2015	$	238,979			$	287,683			$	225,111			$	—			$	3,245,457			$	659,919		$	—		$	4,657,149
	(A)	Includes the Recapture Agreement for each respective pool.
	(B)	Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.
	(C)	Transfers are assumed to occur at the beginning of each respective period.
	(D)	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.
	(E)	These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
(F)	See Note 10 for a discussion of transactions formerly accounted for as linked transactions.
Investments in Excess MSRs and Excess MSRs Equity Method Investees Valuation
The following table summarizes certain information regarding the weighted average inputs used in valuing the Excess MSRs owned directly and through equity method investees as of March 31, 2015:
		Significant Inputs(A)
Directly Held (Note 4)		Prepayment Speed(B)			Delinquency(C)			Recapture Rate(D)			Excess Mortgage Servicing Amount
											(bps)(E)
Agency
Original and Recaptured Pools		10.1	%		5.4	%		31.5	%		21
Recapture Agreement		7.9	%		5	%		19.9	%		21
		10	%		5.4	%		30.8	%		21
Non-Agency(F)
Original and Recaptured Pools		12.7	%		N/A			10.2	%		14
Recapture Agreement		8	%		N/A			20	%		20
		12.5	%		N/A			10.7	%		14
Total/Weighted Average--Directly Held		11.5	%		5.4	%		18.9	%		17
Held through Equity Method Investees (Note 5)
Agency
Original and Recaptured Pools		13	%		6.5	%		33.5	%		19
Recapture Agreement		8	%		5	%		20	%		23
Total/Weighted Average--Held through Investees		12.1	%		6.2	%		31.1	%		19
Total/Weighted Average--All Pools		11.7	%		5.7	%		24.5	%		18
(A)	Weighted by amortized cost basis of the mortgage loan portfolio.
(B)	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
(C)	Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
(D)	Percentage of voluntarily prepaid loans that are expected to be refinanced by Nationstar.
(E)	Weighted average total mortgage servicing amount in excess of the basic fee.
(F)	For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used.
As of March 31, 2015, a weighted average discount rate of 9.6% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees).
Investments in Servicer Advances Valuation
The following table summarizes certain information regarding the inputs used in valuing the servicer advances:
	Significant Inputs
	Weighted Average
	Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans			Prepayment Speed			Delinquency			Mortgage Servicing Amount(A)			Discount Rate
March 31, 2015	2.1	%		12.5	%		14.3	%		19.4		bps	5.4	%
(A)	Mortgage servicing amount excludes the amounts New Residential pays Nationstar and SLS as a monthly servicing fee.
Real Estate Securities Valuation
As of March 31, 2015, New Residential’s securities valuation methodology and results are further detailed as follows:
										Fair Value
Asset Type		Outstanding Face Amount				Amortized Cost Basis				Multiple Quotes(A)				Single Quote(B)				Total				Level
Agency RMBS		$	1,575,759			$	1,659,781			$	1,664,996			$	—			$	1,664,996			2
Non-Agency RMBS(C)		1,820,536				647,915				650,746				9,173				659,919				3
Total		$	3,396,295			$	2,307,696			$	2,315,742			$	9,173			$	2,324,915
(A)	Management generally obtained pricing service quotations or broker quotations from two sources, one of which was generally the seller (the party that sold New Residential the security) for Non-Agency RMBS. Management selected one of the quotes received as being most representative of the fair value and did not use an average of the quotes. Even if New Residential receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because management believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases there is a wide disparity between the quotes New Residential receives. Management believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on New Residential’s own fair value analysis, management selects one of the quotes which is believed to more accurately reflect fair value. New Residential never adjusts quotes received. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to actually purchase the security at the quoted price.
(B)	Management was unable to obtain quotations from more than one source on these securities. The one source was the seller (the party that sold New Residential the security).
(C)	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Certain assets are measured at fair value on a nonrecurring basis; that is, they are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances, such as when there is evidence of impairment. For residential mortgage loans held-for-sale and foreclosed real estate accounted for as REO, New Residential applies the lower of cost or fair value accounting and may be required, from time to time, to record a nonrecurring fair value adjustment.
At March 31, 2015 and December 31, 2014, assets measured at fair value on a nonrecurring basis were $213.1 million and $666.6 million, respectively. The $213.1 million represents residential mortgage loans held-for-sale and the $666.6 million includes approximately $610.1 million of residential mortgage loans held-for-sale and $56.5 million of REO. The fair value of New Residential’s mortgage loans held-for-sale are estimated based on a discounted cash flow model analysis using internal pricing models and categorized within Level 3 of the fair value hierarchy. The following table summarizes the inputs used in valuing these residential mortgage loans as of March 31, 2015:
March 31, 2015		Fair Value				Discount Rate			Weighted Average Life (Years) (A)		Prepayment Rate			CDR(B)		Loss Severity(C)
PCI Loans		$	213,058			5.5	%		2.4		3	%		N/A		50	%
(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
(B)	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.
(C)	Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.
The fair value of REO is estimated using a broker’s price opinion discounted based upon New Residential’s experience with actual liquidation values and, therefore, is categorized within Level 3 of the fair value hierarchy. These discounts to the broker price opinion are generally 10%. As of March 31, 2015, New Residential’s REO did not show evidence of impairment and continued to be measured at cost.
The total change in the recorded value of assets for which a fair value adjustment was included in the Consolidated Statements of Income for the period ended March 31, 2015 was a reduction of approximately $0.8 million for residential mortgage loans held-for-sale.
Residential Mortgage Loans for Which Fair Value is Only Disclosed
The fair value of New Residential’s residential mortgage loans are estimated based on a discounted cash flow model analysis using internal pricing models and are categorized within Level 3 of the fair value hierarchy.
The following table summarizes the inputs used in valuing residential mortgage loans as of March 31, 2015:
		Carrying Value				Fair Value				Valuation Provision/ (Reversal) In Current Year				Discount Rate			Weighted Average Life (Years)(A)		Prepayment Rate			CDR(B)		Loss Severity(C)
Reverse Mortgage Loans(D)		$	23,294			$	23,294			$	202			10	%		4		N/A			N/A		6.3	%
Performing Loans		292,080				296,970				N/A				4.9	%		6.9		6	%		2.1	%	46.1	%
PCI Loans		16,709				19,564				N/A				5.5	%		2.4		3	%		N/A		50	%
Total/Weighted Average		$	332,083			$	339,828			$	202			5.3	%		6.4							43.5	%
(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
(B)	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.
(C)	Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.
(D)	Carrying value and fair value represent a 70% interest New Residential holds in the reverse mortgage loans.
Derivative Valuation
New Residential enters into economic hedges including interest rate swaps and TBAs, which are categorized as Level 2 in the valuation hierarchy. Management generally values such derivatives using quotations, similarly to the method of valuation used for New Residential’s other assets that are categorized as Level 2.
Liabilities for Which Fair Value is Only Disclosed
Repurchase agreements and notes payable are not measured at fair value. They are generally considered to be Level 2 and Level 3 in the valuation hierarchy, respectively, with significant valuation variables including the amount and timing of expected cash flows, interest rates and collateral funding spreads.
Short-term repurchase agreements and short-term notes payable have an estimated fair value equal to their carrying value due to their short duration and generally floating interest rates. Longer-term notes payable are valued based on internal models utilizing both observable and unobservable inputs. As of March 31, 2015, these longer-term notes have an estimated fair value of $2,875.4 million and a carrying value of $2,875.4 million.

EQUITY_AND_EARNINGS_PER_SHARE

EQUITY AND EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2015
Equity and Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE
	Equity and Dividends
	New Residential’s Board of Directors authorized a one-for-two reverse stock split on August 5, 2014, subject to stockholder approval. In a special meeting on October 15, 2014, New Residential’s stockholders approved the reverse split. On October 17, 2014, New Residential effected the one-for-two reverse stock split of its common stock. As a result of the reverse stock split, every two shares of New Residential’s common stock were converted into one share of common stock, reducing the number of issued and outstanding shares of New Residential’s common stock from approximately 282.8 million to approximately 141.4 million. The impact of this reverse stock split has been retroactively applied to all periods presented.
	On December 18, 2014, New Residential’s board of directors declared a fourth quarter 2014 dividend of $0.38 per common share or $53.7 million, which was paid on January 30, 2015 to stockholders of record as of December 30, 2014.
	On March 16, 2015, New Residential’s board of directors declared a first quarter 2015 dividend of $0.38 per common share or $53.7 million, which was paid on April 30, 2015 to stockholders of record as of March 26, 2015.
	Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, and its principals at March 31, 2015.
	Option Plan
	As of March 31, 2015, New Residential’s outstanding options were summarized as follows:
		Issued Prior to 2011			Issued in 2011-2014		Total
	Held by the Manager	343,440			8,173,847		8,517,287
	Issued to the Manager and subsequently transferred to certain of the	90,560			1,959,247		2,049,807
	Manager’s employees
	Issued to the independent directors	1,000			4,000		5,000
	Total	435,000			10,137,094		10,572,094
	The following table summarizes New Residential’s outstanding options as of March 31, 2015. The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2015 was $15.03 per share.
	Recipient	Date of		Number of		Options		Weighted		Intrinsic
		Grant/		Options		Exercisable		Average		Value as of
		Exercise(A)				as of		Exercise		March 31,
						March 31,		Price(B)		2015
						2015				(millions)
	Directors	Various		6,000		5,000		$	17.54	$	—
	Manager(C)	2003 - 2007		1,226,555		434,000		31.36		—
	Manager(C)	11-Mar		838,417		547,583		6.58		4.6
	Manager(C)	11-Sep		1,269,917		849,916		4.98		8.5
	Manager(C)	12-Apr		948,750		920,983		6.82		7.6
	Manager(C)	12-May		1,150,000		1,117,333		7.34		8.6
	Manager(C)	12-Jul		1,265,000		1,234,783		7.34		9.5
	Manager(C)	13-Jan		2,875,000		2,491,665		10.24		11.9
	Manager(C)	13-Feb		1,150,000		958,332		11.48		3.4
	Manager(C)	14-Apr		1,437,500		527,083		12.2		1.5
	Exercised(D)	2013-2014		(802,492	)	N/A		5.81		N/A
	Expired unexercised	2003-2005		(792,553	)	N/A		N/A		N/A
	Outstanding			10,572,094		9,086,678
	(A)	Options expire on the tenth anniversary from date of grant.
	(B)	The strike prices are subject to adjustment in connection with return of capital dividends.
	(C)	The Manager assigned certain of its options to Fortress’s employees as follows:
	Date of Grant		Range of Strike		Total Unexercised
			Prices		Inception to Date
	2004 - 2007		$29.92 to $33.80		90,560
	2012		$6.82 to $7.34		600,000
	2013		$10.24 to $11.48		1,100,497
	2014		$12.20		258,750
	Total				2,049,807
	(D)	Exercised by employees of Fortress, subsequent to their assignment, or by directors. The options exercised had an intrinsic value of $4.5 million.
	Income and Earnings Per Share
	New Residential is required to present both basic and diluted earnings per share (“EPS”). Basic EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. New Residential’s common stock equivalents are its outstanding stock options. During the three months ended March 31, 2015, based on the treasury stock method, New Residential had 3,476,404 dilutive common stock equivalents outstanding. During the three months ended March 31, 2014, based on the treasury stock method, New Residential had 3,315,457 dilutive common stock equivalents outstanding.
	Noncontrolling Interests
	Noncontrolling interests is comprised of the interests held by third parties in consolidated entities that hold New Residential’s investments in servicer advances (Note 6).

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES
	Litigation – New Residential may, from time to time, be a defendant in legal actions from transactions conducted in the ordinary course of business. As of March 31, 2015, New Residential is not subject to any material litigation, individually or in the aggregate, nor, to management’s knowledge, is any material litigation currently threatened against New Residential, except as described below.
	Following the Acquisition (see Note 18 for related defined terms), material potential claims, lawsuits, and other proceedings, of which New Residential is currently aware, are as follows. New Residential has not accrued losses in connection with these legal contingencies because management does not believe there is probable and reasonably estimable loss.
	Three putative class action lawsuits have been filed against HLSS and certain of its current and former officers and directors in the United States District Court for the Southern District of New York entitled: (i) Oliveira v. Home Loan Servicing Solutions, Ltd., et al., No. 15-CV-652 (S.D.N.Y.), filed on January 29, 2015; (ii) Berglan v. Home Loan Servicing Solutions, Ltd., et al., No. 15-CV-947 (S.D.N.Y.), filed on February 9, 2015; and (iii) W. Palm Beach Police Pension Fund v. Home Loan Servicing Solutions, Ltd., et al., No. 15-CV-1063 (S.D.N.Y.), filed on February 13, 2015. These three lawsuits, which are collectively referred to as the “New York Actions,” were consolidated by an order dated April 2, 2015. On April 28, 2015, lead plaintiff, lead counsel and liaison counsel were appointed in the New York Actions.
	The New York Actions name as defendants HLSS, former HLSS Chairman William C. Erbey, HLSS Director, President, and Chief Executive Officer John P. Van Vlack, and HLSS Chief Financial Officer James E. Lauter. The New York Actions assert causes of action under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 based on certain public disclosures made by HLSS relating to its relationship with Ocwen. These actions allege that HLSS misled investors by failing to disclose, among other things, the extent of HLSS’s dependence on Ocwen, information regarding governmental investigations of Ocwen’s business practices, and HLSS’s own purportedly inadequate internal controls. New Residential intends to vigorously defend the New York Actions.
	Two shareholder derivative actions have been filed purportedly on behalf of Ocwen Financial Corporation naming as defendants HLSS and certain current and former directors and officers of Ocwen, including former HLSS Chairman William C. Erbey, entitled (i) Sokolowski v. Erbey, et al., No. 9:14-CV-81601 (S.D. Fla.), filed on December 24, 2014 (the “Sokolowski Action”), and (ii) Moncavage v. Faris, et al., No. 2015CA003244 (Fla. Palm Beach Cty. Ct.), filed on March 20, 2015 (collectively, with the Sokolowski Action, the “Ocwen Derivative Actions”). The original complaint in the Sokolowski Action named as defendants certain current and former directors and officers of Ocwen, including former HLSS Chairman William C. Erbey. On February 11, 2015, plaintiff in the Sokolowski Action filed an amended complaint naming additional defendants, including HLSS. The Ocwen Derivative Actions assert a cause of action for aiding and abetting certain alleged breaches of fiduciary duty under Florida law against HLSS and others, and claim that HLSS (i) substantially assisted Ocwen’s alleged wrongful conduct by purchasing Ocwen’s mortgage servicing rights and (ii) received improper benefits as a result of its business dealings with Ocwen due to Mr. Erbey’s purported control over both HLSS and Ocwen. Additionally, the Sokolowski Action asserts a cause of action for unjust enrichment against HLSS and others.
	On March 11, 2015, plaintiff David Rattner filed a shareholder derivative action purportedly on behalf of HLSS entitled Rattner v. Van Vlack, et al., No. 2015CA002833 (Fla. Palm Beach Cty. Ct.) (the “HLSS Derivative Action”). The lawsuit names as defendants HLSS directors John P. Van Vlack, Robert J. McGinnis, Kerry Kennedy, Richard J. Lochrie, and David B. Reiner (collectively, the “Director Defendants”), New Residential Investment Corp., and Hexagon Merger Sub, Ltd. The HLSS Derivative Action alleges that the Director Defendants breached their fiduciary duties of due care, diligence, loyalty, honesty and good faith and the duty to act in the best interests of HLSS under Cayman law and claims that the Director Defendants approved a proposed merger with New Residential Investment Corp. that (i) provided inadequate consideration to HLSS’s shareholders, (ii) included unfair deal protection devices, (iii) and was the result of an inadequate process due to conflicts of interest.
	On September 15, 2014, HLSS received a subpoena from the SEC requesting that it provide certain information related to HLSS’s prior accounting conventions for and valuations of its Notes receivable - Rights to MSRs that resulted in the restatement of HLSS’s consolidated financial statements for the years ended December 31, 2013 and 2012 and for the quarter ended March 31, 2014 during August 2014. On December 22, 2014, HLSS received a subpoena from the SEC requesting that it provide information related to certain governance documents and transactions and certain communications regarding the same. New Residential and HLSS are cooperating with the SEC in these matters.
	HLSS has been and continues to be subject to other inquiries by government and other entities, as disclosed in HLSS’s filings with the SEC. New Residential is, from time to time, subject to inquiries by government entities in the ordinary course of business. New Residential currently does not believe any of these inquiries would result in a material adverse effect on New Residential’s business.
	Indemnifications – In the normal course of business, New Residential and its subsidiaries enter into contracts that contain a variety of representations and warranties and that provide general indemnifications. New Residential’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against New Residential that have not yet occurred. However, based on Newcastle’s and its own experience, New Residential expects the risk of material loss to be remote.
	Capital Commitments — As of March 31, 2015, New Residential had outstanding capital commitments related to investments in the following investment types (also refer to Note 18 for additional capital commitments entered into subsequent to March 31, 2015):
	Excess MSRs — As of March 31, 2015, New Residential had outstanding capital commitments related to the acquisition of Excess MSRs on portfolios of Agency residential mortgage loans as discussed in Note 18. See Notes 4 and 5 for information on New Residential’s investments in Excess MSRs.
	Servicer Advances — New Residential and third-party co-investors agreed to purchase future servicer advances related to Non-Agency mortgage loans. The actual amount of future advances purchased will be based on: (a) the credit and prepayment performance of the underlying loans, (b) the amount of advances recoverable prior to liquidation of the related collateral and (c) the percentage of the loans with respect to which no additional advance obligations are made. The actual amount of future advances is subject to significant uncertainty. See Note 6 for information on New Residential’s investments in servicer advances.
	Residential Mortgage Loans — As part of its investment in residential mortgage loans, New Residential may be required to outlay capital. These capital outflows primarily consist of advance escrow and tax payments, residential maintenance and property disposition fees. The actual amount of these outflows is subject to significant uncertainty. See Note 8 for information on New Residential’s investments in residential mortgage loans.
	Debt Covenants — New Residential’s debt obligations contain various customary loan covenants (Note 11).
	Certain Tax-Related Covenants — If New Residential is treated as a successor to Newcastle under applicable U.S. federal income tax rules, and if Newcastle fails to qualify as a REIT, New Residential could be prohibited from electing to be a REIT. Accordingly, Newcastle has (i) represented that it has no knowledge of any fact or circumstance that would cause New Residential to fail to qualify as a REIT, (ii) covenanted to use commercially reasonable efforts to cooperate with New Residential as necessary to enable New Residential to qualify for taxation as a REIT and receive customary legal opinions concerning REIT status, including providing information and representations to New Residential and its tax counsel with respect to the composition of Newcastle’s income and assets, the composition of its stockholders, and its operation as a REIT; and (iii) covenanted to use its reasonable best efforts to maintain its REIT status for each of Newcastle’s taxable years ending on or before December 31, 2014 (unless Newcastle obtains an opinion from a nationally recognized tax counsel or a private letter ruling from the IRS to the effect that Newcastle’s failure to maintain its REIT status will not cause New Residential to fail to qualify as a REIT under the successor REIT rule referred to above). Additionally, New Residential covenanted to use its reasonable best efforts to qualify for taxation as a REIT for its taxable year ended December 31, 2013.

TRANSACTIONS_WITH_AFFILIATES_A

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	3 Months Ended
	Mar. 31, 2015
Transactions With Affiliates And Affiliated Entities
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES
	New Residential is party to a Management Agreement with its Manager which provides for automatically renewing one-year terms subject to certain termination rights. The Manager’s performance is reviewed annually and the Management Agreement may be terminated by New Residential by payment of a termination fee, as defined in the Management Agreement, equal to the amount of management fees earned by the Manager during the twelve consecutive calendar months immediately preceding the termination, upon the affirmative vote of at least two-thirds of the independent directors, or by a majority vote of the holders of common stock. Pursuant to the Management Agreement, the Manager, under the supervision of New Residential’s board of directors, formulates investment strategies, arranges for the acquisition of assets and associated financing, monitors the performance of New Residential’s assets and provides certain advisory, administrative and managerial services in connection with the operations of New Residential.
	Effective May 15, 2013, the Manager is entitled to receive a management fee in an amount equal to 1.5% per annum of New Residential’s gross equity calculated and payable monthly in arrears in cash. Gross equity is generally the equity transferred by Newcastle on the distribution date, plus total net proceeds from stock offerings, plus certain capital contributions to subsidiaries, less capital distributions and repurchases of common stock.
	In addition, effective May 15, 2013, the Manager is entitled to receive annual incentive compensation in an amount equal to the product of (A) 25% of the dollar amount by which (1) (a) New Residential’s funds from operations before the incentive compensation, excluding funds from operations from investments in the Consumer Loan Companies and any unrealized gains or losses from mark-to-market valuation changes on investments and debt (and any deferred tax impact thereof), per share of common stock, plus (b) earnings (or losses) from the Consumer Loan Companies computed on a level-yield basis (such that the loans are treated as if they qualified as loans acquired with a discount for credit quality as set forth in ASC 310-30, as such codification was in effect on June 30, 2013) as if the Consumer Loan Companies had been acquired at their GAAP basis on May 15, 2013, earnings (or losses) from equity method investees invested in Excess MSRs as if such equity method investees had not made a fair value election, and gains (or losses) from debt restructuring and gains (or losses) from sales of property and other assets, in each case per share of common stock, exceed (2) an amount equal to (a) the weighted average of the book value per share of the equity transferred by Newcastle on the date of the spin-off and the prices per share of New Residential’s common stock in any offerings (adjusted for prior capital dividends or capital distributions) multiplied by (b) a simple interest rate of 10% per annum, multiplied by (B) the weighted average number of shares of common stock outstanding. “Funds from operations” means net income (computed in accordance with GAAP), excluding gains (or losses) from debt restructuring and gains (or losses) from sales of property, plus depreciation on real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. Funds from operations will be computed on an unconsolidated basis. The computation of funds from operations may be adjusted at the direction of New Residential’s independent directors based on changes in, or certain applications of, GAAP. Funds from operations is determined from the date of the spin-off and without regard to Newcastle’s prior performance.
	In addition to the management fee and incentive compensation, New Residential is responsible for reimbursing the Manager for certain expenses paid by the Manager on behalf of New Residential.
	Due to affiliates is comprised of the following amounts:
		March 31, 2015		December 31, 2014
	Management fees	$	1,709	$	1,710
	Incentive compensation	3,693		54,334
	Expense reimbursements and other	1,063		1,380
		$	6,465	$	57,424
	Affiliate expenses and fees were comprised of:
		Three Months Ended March 31,
		2015		2014
	Management fees	$	5,126	$	4,486
	Incentive compensation	3,693		3,338
	Expense reimbursements(A)	125		125
	Total	$	8,944	$	7,949
	(A)	Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.
	See Notes 4, 5, 6, 7, 8, 11, 14 and 18 for a discussion of transactions with Nationstar. As of March 31, 2015, 98.9% and 97.0% of the UPB of the loans underlying New Residential’s investments in Excess MSRs and servicer advances, respectively, was serviced or master serviced by Nationstar. As of March 31, 2015, a total face amount of $1.5 billion of New Residential’s Non-Agency RMBS portfolio and approximately $88.3 million of New Residential’s Agency RMBS portfolio was serviced or master serviced by Nationstar. The total UPB of the loans underlying these Nationstar serviced Non-Agency RMBS was approximately $6.0 billion as of March 31, 2015. New Residential holds a limited right to cleanup call options with respect to certain securitization trusts serviced or master serviced by Nationstar with an aggregate UPB of underlying mortgage loans of approximately $92.8 billion whereby, when the outstanding balance falls below a pre-determined threshold, it can effectively purchase the underlying mortgage loans by repaying all of the outstanding securitization financing at par, in exchange for a fee paid to Nationstar. As of March 31, 2015, $243.5 million UPB of New Residential’s residential mortgage loans and $24.8 million of New Residential’s REO were being serviced by Nationstar. As a result of these relationships, New Residential routinely has receivables from, and payables to, Nationstar, which are included in Other Assets and Accrued Expenses and Other Liabilities, respectively.
	See Note 9 for a discussion of a transaction with Springleaf.

RECLASSIFICATION_FROM_ACCUMULA

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
	The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income:
	Accumulated Other Comprehensive	Statement of Income Location	Three Months Ended March 31,
	Income Components
			2015			2014
	Reclassification of net realized (gain)	Gain on settlement of securities	$	(24,697	)	$	(4,492	)
	loss on securities into earnings
	Reclassification of net realized (gain)	Other-than-temporary impairment on	1,071			328
	loss on securities into earnings	securities
	Total reclassifications		$	(23,626	)	$	(4,164	)

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES
	Income tax expense (benefit) consists of the following:
		Three Months Ended March 31,
		2015			2014
	Current:
	Federal	$	736		$	217
	State and Local	(1,156		)	70
	Total Current Income Tax Expense (Benefit)	(420		)	287
	Deferred:
	Federal	(1,323		)	—
	State and Local	(1,684		)	—
	Total Deferred Income Tax Expense (Benefit)	(3,007		)	—
	Total Income Tax Expense (Benefit)	$	(3,427	)	$	287
	New Residential intends to qualify as a REIT for the tax years ending December 31, 2014 and 2015. A REIT is generally not subject to U.S. federal corporate income tax on that portion of its income that is distributed to stockholders if it distributes at least 90% of its REIT taxable income to its stockholders by prescribed dates and complies with various other requirements.
	New Residential operates a securitization vehicle and has made certain investments, particularly its investments in servicer advances (Note 6) and REO (Note 8), through TRSs that are subject to regular corporate income taxes which have been provided for in the provision for income taxes, as applicable. New Residential and its subsidiaries file income tax returns with the U.S. federal government and various state and local jurisdictions beginning with the tax year ending December 31, 2013. Generally, these income tax returns will be subject to tax examinations by tax authorities for a period of three years after the date of filing.
	As of December 31, 2014, New Residential recorded an increase to the income tax provision of $2.3 million for unrecognized tax benefits. The reserve for unrecognized tax benefits related to state and local tax positions expected to be taken on the income tax returns. As a result of information received from local tax authorities, New Residential has determined that the reserve for unrecognized tax benefits is no longer needed and has reduced the reserve for unrecognized tax benefits to zero as of March 31, 2015. As a result, New Residential recorded a benefit of $2.3 million to the income tax provision as of March 31, 2015.
	New Residential has recorded a net deferred tax liability of approximately $13.4 million as of March 31, 2015. This deferred tax liability primarily relates to unrealized gains from New Residential’s investment in servicer advances.

RECENT_ACTIVITIES

RECENT ACTIVITIES	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
RECENT ACTIVITIES	RECENT ACTIVITIES
	These financial statements include a discussion of material events that have occurred subsequent to March 31, 2015 (referred to as “subsequent events”) through the issuance of these condensed consolidated financial statements. Events subsequent to that date have not been considered in these financial statements.
	Excess MSRs
	On April 16, 2015, New Residential invested the remaining $2.6 million to complete the acquisition of a 33.3% interest in the Excess MSR on a portfolio of Freddie Mac residential mortgage loans with an aggregate UPB of $8.4 billion. Fortress-managed funds and Nationstar each agreed to acquire a 33.3% interest in the Excess MSRs. Nationstar as servicer will perform all servicing and advancing functions, and retain the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in each of the portfolios. Under the terms of the investment, to the extent that any loans in the portfolio are refinanced by Nationstar, the resulting Excess MSRs are shared on a pro rata basis by New Residential, the Fortress-managed funds and Nationstar, subject to certain limitations.
	On April 30, 2015, New Residential invested approximately $3.5 million to acquire a 33.3% interest in the Excess MSR on a portfolio of Fannie Mae residential mortgage loans with an aggregate UPB of $1.6 billion. Fortress-managed funds and Nationstar each agreed to acquire a 33.3% interest in the Excess MSRs. Nationstar as servicer will perform all servicing and advancing functions, and retain the ancillary income, servicing obligations and liabilities as the servicer of the underlying loans in each of the portfolios. Under the terms of the investment, to the extent that any loans in the portfolio are refinanced by Nationstar, the resulting Excess MSRs are shared on a pro rata basis by New Residential, the Fortress-managed funds and Nationstar, subject to certain limitations.
	Servicer Advances
	Subsequent to March 31, 2015 and prior to May 11, 2015, the Buyer funded a total of $363.4 million of servicer advances and recovered $552.0 million of existing servicer advances.  Notes payable outstanding decreased by $170.0 million and restricted cash decreased approximately $0.5 million in relation to these fundings. Additionally, the Buyer paid $5.5 million to Nationstar as a contractual incentive fee.
	Subsequent to March 31, 2015 and prior to May 11, 2015, New Residential funded a total of $41.0 million of SLS servicer advances and recovered $54.0 million of existing SLS servicer advances. Notes payable outstanding decreased by $11.4 million and restricted cash increased approximately $0.02 million in relation to these fundings.
	Real Estate Securities
	Subsequent to March 31, 2015, New Residential acquired Non-Agency RMBS with an aggregate face amount of approximately $73.3 million for approximately $58.6 million, financed with repurchase agreements. New Residential sold Agency RMBS with a face amount of $374.4 million and an amortized cost basis of approximately $391.0 million for approximately $394.6 million and recorded a gain of approximately $3.6 million. New Residential sold no Non-Agency RMBS. Subsequent to March 31, 2015, New Residential rolled $1.3 billion within various repurchase facilities to mature between May 2015 and July 2015.
	Subsequent to March 31, 2015, New Residential financed an additional $190.0 million of Non-Agency RMBS within various repurchase facilities as a result of purchases. New Residential also rolled substantially all of its Non-Agency RMBS repurchase facilities to mature between May 2015 and August 2015.
	Residential Mortgage Loans
	Subsequent to March 31, 2015 and prior to May 11, 2015, New Residential sold a portfolio of performing residential mortgage loans with a UPB of approximately $268.7 million for net proceeds of $282.2 million.
	Subsequent to March 31, 2015 and prior to May 11, 2015, New Residential sold a portfolio of non-performing residential mortgage loans with a UPB of approximately $22.1 million for net proceeds of $19.5 million.
	Derivatives
	Subsequent to March 31, 2015, New Residential entered into two separate interest rate swap agreements with a single counterparty totaling a $500 million notional amount to further hedge a portion of its interest rate exposure.
	Corporate Activities
	On March 16, 2015, New Residential’s board of directors declared a first quarter 2015 dividend of $0.38 per common share or $53.7 million, which was paid on April 30, 2015 to stockholders of record as of March 26, 2015.
	Subsequent to March 31, 2015, New Residential paid off the outstanding secured corporate loan with Credit Suisse First Boston Mortgage Capital LLC, an affiliate of Credit Suisse Securities (USA) LLC for approximately $100.0 million.
	Subsequent to March 31, 2015, New Residential entered into a $165.0 million secured corporate loan with Barclays maturing in April 2016. The loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 5.00% until July 2015, after which the loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 8.00%. The loan contains customary covenants and event of default provisions.
	Subsequent to March 31, 2015, New Residential issued a $219.4 million secured corporate note maturing in April 2017. The loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 5.25% until May 2016, after which the loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 7.25%. The loan contains customary covenants and event of default provisions.
	On February 22, 2015, New Residential entered into an Agreement and Plan of Merger (the “Initial Merger Agreement”) with Home Loan Servicing Solutions, Ltd., a Cayman Islands exempted company (“HLSS”) and Hexagon Merger Sub, Ltd., a Cayman Islands exempted company and a wholly owned subsidiary of New Residential (“Merger Sub”). As described in more detail below, on April 6, 2015, the parties terminated the Initial Merger Agreement pursuant to the Termination Agreement (as defined below) and simultaneously entered into the Acquisition Agreement (as defined below).
	The Initial Merger Agreement provided that, upon the terms and subject to the conditions set forth therein, Merger Sub would have merged with and into HLSS, with HLSS continuing as the surviving company and a wholly owned subsidiary of New Residential, and at the effective time of the merger, each ordinary share of HLSS issued and outstanding immediately prior to the effective time (except as set otherwise forth in the Initial Merger Agreement), would have been automatically converted into the right to receive $18.25 in cash, without interest (the “Initial Merger”). Each party’s obligation to consummate the Initial Merger was subject to, among other conditions, the other party’s compliance with its covenants and agreements contained in the Initial Merger Agreement. Among other covenants and agreements, HLSS agreed to provide notice to New Residential within twenty-four hours of becoming aware that HLSS was reasonably likely to receive a going concern qualification from its auditors with respect to its then-most recent fiscal year (a “Going Concern Qualification”). The Initial Merger Agreement specified that, upon the receipt by HLSS of a Going Concern Qualification, New Residential would have the right to immediately terminate the Initial Merger Agreement.
	On April 6, 2015, HLSS provided formal notice to New Residential that it was reasonably likely to receive a Going Concern Qualification, unless the parties entered into an alternative transaction. Based on the shared expectation of New Residential and HLSS that HLSS could not satisfy the conditions to the consummation of the Initial Merger set forth in the Initial Merger Agreement, HLSS and New Residential finalized the terms of an alternative transaction (described below). The alternative transaction enabled HLSS to file its annual report, including an unqualified opinion of its auditors, on April 6, 2015. On April 6, 2015, with the approval of their respective Boards of Directors, New Residential and HLSS, together with certain of their respective subsidiaries, entered into a Termination Agreement (the “Termination Agreement”) (providing for the termination of the Initial Merger Agreement) and simultaneously entered into a Share and Asset Purchase Agreement (the “Acquisition Agreement”).
	The parties to the Acquisition Agreement included New Residential, HLSS, HLSS Advances Acquisition Corp., a Delaware corporation and wholly owned subsidiary of New Residential (“HLSS Advances”), and HLSS MSR-EBO Acquisition LLC, a Delaware limited liability company and wholly owned subsidiary of New Residential (together with HLSS Advances, the “Buyers”). Pursuant to the Acquisition Agreement, the Buyers acquired from HLSS substantially all of the assets of HLSS (including all of the issued share capital of HLSS’s first-tier subsidiaries) and assumed (and agreed to indemnify HLSS for) the liabilities of HLSS (together, the “Acquisition”), other than post-closing liabilities in an amount up to the Retained Amount (as defined below), for aggregate consideration (net of certain transaction expenses being reimbursed by HLSS), consisting of approximately $1.007 billion in cash and 28,286,980 shares of common stock, par value $0.01 per share (“New Residential Common Stock”), of New Residential delivered to HLSS in a private placement. The closing of the Acquisition (the “Acquisition Closing”) occurred simultaneously with the execution of the Acquisition Agreement.
	The Acquisition Agreement includes certain customary post-closing covenants of New Residential, the Buyers and HLSS. In addition, the Board of Directors of HLSS also approved a wind down plan (the “Distribution and Liquidation Plan”), pursuant to which HLSS sold the shares of New Residential Common Stock received in the Acquisition on April 8, 2015 and distributed to HLSS shareholders the cash consideration from the Acquisition and the cash proceeds from the sale of shares of New Residential Common Stock; provided that under the terms of the Distribution and Liquidation Plan, HLSS retained $50.0 million of cash (the “Retained Amount”) for wind down costs.
	At the Acquisition Closing, HLSS Advances entered into a Services Agreement, dated as of April 6, 2015, with HLSS (the “Services Agreement”). Pursuant to the Services Agreement, HLSS Advances has agreed to manage the assets and affairs of HLSS in accordance with terms and conditions set forth therein and, in all cases, in accordance with the Distribution and Liquidation Plan. The Services Agreement provides that HLSS Advances will be responsible for the operations of HLSS and will perform (or cause to be performed) such services and activities relating to the assets and operations of HLSS as may be appropriate, including, among other things, administering the Distribution and Liquidation Plan and handling all claims, disputes or controversies in which HLSS is a party or may otherwise be involved. HLSS Advances will not be compensated by HLSS for its services under the Services Agreement but will be reimbursed by HLSS for expenses incurred on behalf of HLSS.
	At the Acquisition Closing, New Residential and Merger Sub entered into an Agreement and Plan of Merger, dated April 6, 2015, with HLSS (the “New Merger Agreement”), pursuant to which, upon the terms and subject to the conditions set forth therein (including the approval of HLSS’s shareholders), HLSS (which at the time of the New Merger (as defined below) will have previously sold substantially all of its assets and transferred all liabilities to the Buyers, and have distributed the proceeds (other than the Retained Amount) received from such sale to HLSS shareholders and substantially wound-down its operations) will merge with and into Merger Sub, with Merger Sub continuing as the surviving company and a wholly owned subsidiary of New Residential (the “New Merger”).
	Pursuant to the New Merger Agreement, and upon the terms and conditions set forth therein, at the effective time of the New Merger (the “Effective Time”), each ordinary share of HLSS, par value $0.01 per share, issued and outstanding immediately prior to the Effective Time (other than those shares of HLSS owned by New Residential or any direct or indirect wholly-owned subsidiary of New Residential and shares of HLSS as to which dissenters’ rights have been properly exercised), will be automatically converted into the right to receive $0.704059 per share in cash, without interest.
	The New Merger does not require the approval of New Residential’s shareholders. However, consummation of the New Merger is subject to, among other things: (i) approval of the New Merger by the requisite vote of HLSS’s shareholders; (ii) not more than 10% of HLSS’s issued and outstanding shares properly exercising appraisal rights as of the time immediately before the closing of the New Merger (the “New Merger Closing”); and (iii) certain other customary closing conditions. Moreover, each party’s obligation to consummate the New Merger is subject to certain other conditions, including without limitation, (i) the accuracy of the other party’s representations and warranties and (ii) the other party’s compliance with its covenants and agreements contained in the New Merger Agreement (in each case subject to customary materiality qualifiers). In addition, the obligations of New Residential and Merger Sub to consummate the New Merger are subject to the absence of any Company Material Adverse Effect (as defined in the New Merger Agreement). The New Merger Agreement may be terminated by either party under certain circumstances, including, among others: (i) if the New Merger Closing has not occurred by the nine-month anniversary of the New Merger Agreement; (ii) if a court or other governmental entity has issued a final and non-appealable order prohibiting the New Merger Closing; (iii) if HLSS fails to obtain the HLSS Shareholder Approval; and (iv) upon a material uncured breach by the other party that would result in a failure of the conditions to the New Merger Closing to be satisfied.
	Unaudited Supplemental Pro Forma Financial Information - The following table presents unaudited pro forma combined Interest Income and Income (Loss) Before Incomes Taxes for the three months ended March 31, 2014 and 2015 prepared as if the Acquisition of HLSS had been consummated on January 1, 2014.
		Three Months Ended March 31,
		2015		2014
		(unaudited)		(unaudited)
	Pro Forma
	Interest income	$	165,055	$	176,989
	Income (Loss) Before Income Taxes	71,465		103,683
	The 2015 unaudited supplemental pro forma financial information has been adjusted to exclude, and the 2014 unaudited supplemental pro forma financial information has been adjusted to include, approximately $17.8 million of acquisition-related costs incurred by New Residential and HLSS in 2015. The unaudited supplemental pro forma financial information has not been adjusted for transactions other than the Acquisition, or for the conforming of accounting policies. The unaudited supplemental pro forma financial information does not include any anticipated synergies or other anticipated benefits of the Acquisition and, accordingly, the unaudited supplemental pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Acquisition occurred on January 1, 2014.
	In April 2015, New Residential issued 29,213,020 shares of its common stock in a public offering at a price to the public of $15.25 per share for net proceeds of approximately $436.1 million. One of New Residential’s executive officers participated in this offering and purchased 250,000 shares at the public offering price. For the purpose of compensating the Manager for its successful efforts in raising capital for New Residential, in connection with this offering and the New Residential Common Stock issued in the Acquisition, New Residential granted options to the Manager to purchase 5,750,000 shares of New Residential’s common stock at a price of $15.25, which had a fair value of approximately $8.9 million as of the grant date. The assumptions used in valuing the options were: a 2.02% risk-free rate, a 6.71% dividend yield, 24.04% volatility and a 10 year term.

ORGANIZATION_Policies

ORGANIZATION (Policies)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In May 2014, the FASB issued ASU No. 2014-09, Revenues from Contracts with Customers (Topic 606). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In effect, companies will be required to exercise further judgment and make more estimates prospectively. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU No. 2014-09 is effective for New Residential in the first quarter of 2017. Early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance in ASU No. 2014-09. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The standard changes the accounting for repurchase-to-maturity transactions and linked repurchase financing transactions to secured borrowing accounting. ASU No. 2014-11 also expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers accounted for as secured borrowings. ASU No. 2014-11 is effective for New Residential in the first quarter of 2015. Early adoption is not permitted. Disclosures are not required for comparative periods presented before the effective date. New Residential has determined that, as of January 1, 2015, its linked transactions (Note 10) are accounted for as secured borrowings.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The standard provides guidance on management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern by requiring management to assess an entity’s ability to continue as a going concern by incorporating and expanding on certain principles that are currently in U.S. auditing standards. ASU No. 2014-15 is effective for New Residential for the annual period ending on December 31, 2016. Early adoption is permitted. New Residential is currently evaluating the new guidance to determine the impact that it may have on its condensed consolidated financial statements.
	In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. The standard amends the consolidation considerations when evaluating certain limited partnerships, variable interest entities and investment funds. ASU No. 2015-02 is effective for New Residential in the first quarter of 2016.  Early adoption is permitted. New Residential does not expect the adoption of this new guidance to have an impact on its condensed consolidated financial statements.
	In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest. The standard amends the balance sheet presentation requirements for debt issuance costs such that they are no longer recognized as deferred charges but are rather presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. ASU No. 2015-03 is effective for New Residential in the first quarter of 2016. Early adoption is permitted. New Residential has not yet adopted ASU No. 2015-03 but has determined that the adoption of ASU No. 2015-03 will result in an immaterial reclassification of its Deferred Financing Costs, Net (Note 2) to an offset of its Notes Payable (Note 11).
	The FASB has recently issued or discussed a number of proposed standards on such topics as financial statement presentation, financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on New Residential’s reporting. New Residential has not yet fully evaluated the potential impact of these proposals, but will make such an evaluation as the standards are finalized.

OTHER_INCOME_ASSETS_AND_LIABIL1

OTHER INCOME, ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Other Income Assets And Liabilities
Schedule of Other Income	Other income, net, is comprised of the following:
		Three Months Ended March 31,
		2015				2014
	Unrealized gain (loss) on derivative instruments	$	(7,030	)		$	1,357
	Gain (loss) on transfer of loans to REO	(544		)		—
	Gain on consumer loans investment	10,447				—
	Other income (loss)	(836		)		—
		$	2,037			$	1,357
Schedule of Gain on Settlement of Investments	Gain on settlement of investments, net is comprised of the following:
		Three Months Ended March 31,
		2015				2014
	Gain on sale of real estate securities, net	$	24,697			$	4,492
	Gain (loss) on sale of residential mortgage loans, net	20,830				—
	Gain (loss) on settlement of derivatives	(22,590		)		(135		)
	Gain (loss) on liquidated residential mortgage loans, held-for-investment	400				—
	Gain (loss) on sale of REO(A)	(5,636		)		—
	Other gains (losses)	(2,934		)		—
		$	14,767			$	4,357
	(A)	Includes approximately $3.2 million loss on REO sold as a part of the residential mortgage loan sales described in Note 8.
Schedule of Other Assets and Other Liabilities	Other assets and liabilities are comprised of the following:
		Other Assets									Accrued Expenses and Other Liabilities
		31-Mar-15				31-Dec-14					31-Mar-15		31-Dec-14
	Margin receivable, net	$	36,934			$	59,021			Interest payable	$	7,516	$	7,857
	Interest and other receivables	11,320				10,455				Accounts payable	16,068		28,059
	Deferred financing costs, net(A)	2,817				4,446				Derivative liabilities	21,127		14,220
	Principal paydown receivable	3,761				3,595				Current taxes payable	47		2,349
	Receivable from government	9,380				9,108				Other liabilities	19		20
	agency
	Call rights	3,828				3,728					$	44,777	$	52,505
	Other assets	8,661				9,516
		$	76,701			$	99,869
	(A)	Deferred financing costs are net of accumulated amortization of $5.4 million and $8.8 million as of March 31, 2015 and December 31, 2014, respectively.
Schedule of Accretion and Other Amortization	As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Accretion of servicer advance interest income		$	42,349			$	45,716
	Accretion of excess mortgage servicing rights income		15,037				13,816
	Accretion of net discount on securities and loans		5,399				356
	Amortization of deferred financing costs		(1,440		)		(3,238		)
			$	61,345			$	56,650

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Summary of Segment Financial Data	Summary financial data on New Residential’s segments is given below, together with a reconciliation to the same data for New Residential as a whole:
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	Three Months Ended March 31, 2015
	Interest income	$	15,037	$	42,349		$	14,263		$	12,724		$	—		$	—		$	84,373
	Interest expense	—		23,637			3,480			6,093			—			769			33,979
	Net interest income (expense)	15,037		18,712			10,783			6,631			—			(769		)	50,394
	Impairment	—		—			1,071			977			—			—			2,048
	Other income	3,890		(10,727		)	(5,090		)	13,775			10,447			—			12,295
	Operating expenses	88		575			(102		)	6,104			57			15,548			22,270
	Income (Loss) Before Income Taxes	18,839		7,410			4,724			13,325			10,390			(16,317		)	38,371
	Income tax expense (benefit)	—		(3,240		)	—			(187		)	—			—			(3,427		)
	Net Income (Loss)	$	18,839	$	10,650		$	4,724		$	13,512		$	10,390		$	(16,317	)	$	41,798
	Noncontrolling interests in income	$	—	$	5,823		$	—		$	—		$	—		$	—		$	5,823
	(loss) of consolidated subsidiaries
	Net income (loss) attributable to	$	18,839	$	4,827		$	4,724		$	13,512		$	10,390		$	(16,317	)	$	35,975
	common stockholders
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	March 31, 2015
	Investments	$	751,773	$	3,245,457		$	2,324,915		$	581,046		$	—		$	—		$	6,903,191
	Cash and cash equivalents	267		69,180			5,288			5,895			—			378,704			459,334
	Restricted cash	37		28,288			—			—			—			—			28,325
	Derivative assets	—		71			—			—			—			—			71
	Other assets	34		6,622			51,610			15,925			543			1,967			76,701
	Total assets	$	752,111	$	3,349,618		$	2,381,813		$	602,866		$	543		$	380,671		$	7,467,622
	Debt	$	—	$	2,875,412		$	1,928,891		$	434,504		$	—		$	100,000		$	5,338,807
	Other liabilities	2,921		19,642			219,603			5,680			58			66,497			314,401
	Total liabilities	2,921		2,895,054			2,148,494			440,184			58			166,497			5,653,208
	Total equity	749,190		454,564			233,319			162,682			485			214,174			1,814,414
	Noncontrolling interests in equity	—		246,899			—			—			—			—			246,899
	of consolidated subsidiaries
	Total New Residential	$	749,190	$	207,665		$	233,319		$	162,682		$	485		$	214,174		$	1,567,515
	stockholders’ equity
	Investments in equity method	$	225,111	$	—		$	—		$	—		$	—		$	—		$	225,111
	investees
		Servicing Related Assets					Residential Securities and Loans
		Excess MSRs		Servicer Advances			Real Estate Securities			Real Estate Loans			Consumer Loans			Corporate			Total
	Three Months Ended March 31, 2014
	Interest income	$	13,816	$	45,716		$	11,238		$	720		$	—		$	—		$	71,490
	Interest expense	1,291		31,956			4,069			198			1,483			—			38,997
	Net interest income (expense)	12,525		13,760			7,169			522			(1,483		)	—			32,493
	Impairment	—		—			328			164			—			—			492
	Other income	12,976		—			5,042			671			16,360			1			35,050
	Operating expenses	65		250			60			90			23			9,411			9,899
	Income (Loss) Before Income Taxes	25,436		13,510			11,823			939			14,854			(9,410		)	57,152
	Income tax expense (benefit)	—		287			—			—			—			—			287
	Net Income (Loss)	$	25,436	$	13,223		$	11,823		$	939		$	14,854		$	(9,410	)	$	56,865
	Noncontrolling interests in income	$	—	$	8,093		$	—		$	—		$	—		$	—		$	8,093
	(loss) of consolidated subsidiaries
	Net income (loss) attributable to	$	25,436	$	5,130		$	11,823		$	939		$	14,854		$	(9,410	)	$	48,772
	common stockholders

INVESTMENTS_IN_EXCESS_MORTGAGE2

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2015
Transfers and Servicing [Abstract]
Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs	The following table presents activity related to the carrying value of New Residential’s investments in Excess MSRs:
			Servicer
			Nationstar				SLS(A)				Total
	Balance as of December 31, 2014		$	409,076			$	8,657			$	417,733
	Transfers from indirect ownership		98,258				—				98,258
	Purchases		26,479				—				26,479
	Interest income		14,856				181				15,037
	Other income		730				—				730
	Proceeds from repayments		(29,544		)		(270		)		(29,814		)
	Change in fair value		(1,472		)		(289		)		(1,761		)
	Balance as of March 31, 2015		$	518,383			$	8,279			$	526,662
	(A)    Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.
Summary of Direct Investments in Excess MSRs	The following is a summary of New Residential’s direct investments in Excess MSRs:
		March 31, 2015																31-Dec-14
		Unpaid Principal Balance (“UPB”) of Underlying Mortgages				Interest in Excess MSR						Weighted Average Life Years(A)		Amortized Cost Basis(B)		Carrying Value(C)		Carrying Value(C)
						New Residential		Fortress-managed funds		Nationstar
	Agency
	Original and Recaptured Pools	$	54,829,877			32.5%-66.7%		0.0%-33.3%		33.3%-35%		5.9		$	161,109	$	209,114	$	188,733
	Recapture Agreements	—				32.5%-66.7%		0.0%-33.3%		33.3%-35%		12.9		9,927		29,865		28,786
		54,829,877										6.3		171,036		238,979		217,519
	Non-Agency(D)
	Original and Recaptured Pools	$	108,742,559			33.3%-80.0%		0.0%-50.0%		0.0%-33.3%		4.9		$	231,228	$	270,365	$	189,812
	Recapture Agreements	—				33.3%-80.0%		0.0%-50.0%		0.0%-33.3%		11.8		16,638		17,318		10,402
		108,742,559										5.4		247,866		287,683		200,214
	Total	$	163,572,436									5.8		$	418,902	$	526,662	$	417,733
	(A)	Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
	(B)	The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
	(C)	Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
	(D)	Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2015 (Note 6).
	Changes in fair value recorded in other income are comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Original and Recaptured Pools		$	(1,976	)		$	7,088
	Recapture Agreements		215				(486		)
			$	(1,761	)		$	6,602
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investments in Excess MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the direct investments in Excess MSRs:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	California		33	%		31.5	%
	Florida		9.3	%		7.7	%
	New York		4.9	%		4.3	%
	Maryland		3.8	%		4	%
	Texas		3.6	%		4.2	%
	New Jersey		3.5	%		3.2	%
	Virginia		3.2	%		3.3	%
	Illinois		3.2	%		3.2	%
	Washington		3.2	%		3.6	%
	Arizona		2.7	%		3.2	%
	Other U.S.		29.6	%		31.8	%
			100	%		100	%

INVESTMENTS_IN_EXCESS_MORTGAGE3

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees	The following tables summarize the financial results of the Excess MSR joint ventures, accounted for as equity method investees, held by New Residential:
			March 31, 2015				December 31, 2014
	Excess MSR assets		$	440,714			$	653,293
	Other assets		9,508				8,472
	Other liabilities		—				(13		)
	Equity		$	450,222			$	661,752
	New Residential’s investment		$	225,111			$	330,876
	New Residential’s ownership		50		%		50		%
			Three Months Ended March 31,
			2015				2014
	Interest income		$	11,701			$	18,493
	Other income (loss)		(1,835		)		(5,705		)
	Expenses		(25		)		(40		)
	Net income		$	9,841			$	12,748
	New Residential’s investments in equity method investees changed during the three months ended March 31, 2015 as follows:
	Balance at December 31, 2014	$	330,876
	Contributions to equity method investees	—
	Transfers to direct ownership	(98,258		)
	Distributions of earnings from equity method investees	(12,226		)
	Distributions of capital from equity method investees	(202		)
	Change in fair value of investments in equity method investees	4,921
	Balance at March 31, 2015	$	225,111
Summary of Excess MSR Investments made through Equity Method Investees	The following is a summary of New Residential’s Excess MSR investments made through equity method investees:
		March 31, 2015
		Unpaid Principal Balance				Investee Interest in Excess MSR(A)			New Residential Interest in Investees		Amortized Cost Basis(B)		Carrying Value(C)		Weighted Average Life (Years)(D)
	Agency
	Original and Recaptured Pools	$	84,000,746			66.7	%		50	%	$	289,745	$	358,909	5.5
	Recapture Agreements	—				66.7	%		50	%	62,190		81,805		11.7
	Total	$	84,000,746								$	351,935	$	440,714	6.6
	(A)	The remaining interests are held by Nationstar.
	(B)	Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
	(C)	Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
	(D)	The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Excess MSR Investments made through Equity Method Investees	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments made through equity method investees:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	California		13.1	%		23.5	%
	Florida		7.4	%		8.9	%
	Texas		6.1	%		4.8	%
	Georgia		5.6	%		4.1	%
	New York		5.5	%		5.6	%
	New Jersey		4.1	%		3.9	%
	Illinois		4	%		3.5	%
	Virginia		3.2	%		3.2	%
	Maryland		3.2	%		3.3	%
	Pennsylvania		3	%		2.3	%
	Other U.S.		44.8	%		36.9	%
			100	%		100	%

INVESTMENTS_IN_SERVICER_ADVANC1

INVESTMENTS IN SERVICER ADVANCES (Tables)	3 Months Ended
	Mar. 31, 2015
Investments, All Other Investments [Abstract]
Summary of Investments in Servicer Advances	The following is a summary of the investments in servicer advances, including the right to the basic fee component of the related MSRs:
		Amortized Cost Basis				Carrying Value(A)				Weighted Average Discount Rate			Weighted Average Life (Years)(B)
	31-Mar-15
	Servicer advances	$	3,168,909			$	3,245,457			5.4	%		3.9
	As of December 31, 2014
	Servicer advances	$	3,186,622			$	3,270,839			5.4	%		4
	(A)	Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
	(B)	Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment.
			Three Months Ended March 31,
			2015				2014
	Changes in Fair Value Recorded in Other Income		$	(7,669	)		$	—
	The following is additional information regarding the servicer advances and related financing:
																Loan-to-Value				Cost of Funds(B)
			UPB of Underlying Residential Mortgage Loans				Outstanding Servicer Advances				Servicer Advances to UPB of Underlying Residential Mortgage Loans			Carrying Value of Notes Payable		Gross		Net(A)		Gross		Net
	March 31, 2015
	Servicer advances(C)		$	92,159,246			$	3,068,306			3.3	%		$	2,875,412	91.5	%	90.6	%	2.6	%	2.2	%
	December 31, 2014
	Servicer advances(C)		$	96,547,773			$	3,102,492			3.2	%		$	2,890,230	91.4	%	90.4	%	3	%	2.3	%
	(A)	Ratio of face amount of borrowings to par amount of servicer advance collateral, net of an interest reserve maintained by the Buyer.
	(B)	Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees.
	(C)	The following types of advances comprise the investments in servicer advances:
			March 31, 2015				December 31, 2014
	Principal and interest advances		$	737,845			$	729,713
	Escrow advances (taxes and insurance advances)		1,514,848				1,600,713
	Foreclosure advances		815,613				772,066
	Total		$	3,068,306			$	3,102,492
Schedule of Interest Income Related to Investments in Servicer Advances	Interest income recognized by New Residential related to its investments in servicer advances was comprised of the following:
			Three Months Ended March 31,
			2015				2014
	Interest income, gross of amounts attributable to servicer compensation		$	63,357			$	67,138
	Amounts attributable to base servicer compensation		(6,601		)		(6,280		)
	Amounts attributable to incentive servicer compensation		(14,407		)		(15,142		)
	Interest income from investments in servicer advances		$	42,349			$	45,716
	Others’ interests in the equity of the Buyer is computed as follows:
			March 31, 2015				December 31, 2014
	Total Advance Purchaser LLC equity		$	445,041			$	457,545
	Others’ ownership interest		55.5		%		55.5		%
	Others’ interest in equity of consolidated subsidiary		$	246,899			$	253,836
	Others’ interests in the Buyer’s net income is computed as follows:
			Three Months Ended March 31,
			2015				2014
	Net Advance Purchaser LLC income		$	10,496			$	13,511
	Others’ ownership interest as a percent of total(A)		55.5		%		59.9		%
	Others’ interest in net income (loss) of consolidated subsidiaries		$	5,823			$	8,093
	(A)	As a result, New Residential owned 44.5% and 40.1% of the Buyer, on average during the three months ended March 31, 2015 and 2014, respectively.

INVESTMENTS_IN_REAL_ESTATE_SEC1

INVESTMENTS IN REAL ESTATE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Summary of Real Estate Securities	The following is a summary of New Residential’s real estate securities, all of which are classified as available-for-sale and are, therefore, reported at fair value with changes in fair value recorded in other comprehensive income, except for securities that are other-than-temporarily impaired and except for securities which New Residential elected to carry at fair value and record changes to valuation through the income statement.
									Gross Unrealized												Weighted Average													31-Dec-14
	Asset Type		Outstanding Face Amount			Amortized Cost Basis			Gains				Losses			Carrying Value(A)			Number of Securities		Rating(B)		Coupon			Yield			Life (Years)(C)		Principal Subordination(D)			Carrying Value
	Agency		$	1,575,759		$	1,659,781		$	7,510			$	(2,295	)	$	1,664,996		102		AAA		3.11	%		2.18	%		5.4		N/A			$	1,740,163
	RMBS(E)(F)
	Non-Agency		1,820,536			647,915			14,641				(2,637		)	659,919			137		BBB-		0.76	%		5.74	%		9.7		26	%		723,000
	RMBS(G) (H)
	Total/		$	3,396,295		$	2,307,696		$	22,151			$	(4,932	)	$	2,324,915		239		AA-		2.45	%		3.18	%		6.6					$	2,463,163
	Weighted
	Average
	(A)	Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value.
	(B)	Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 20 bonds which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current.
	(C)	The weighted average life is based on the timing of expected principal reduction on the assets.
	(D)	Percentage of the outstanding face amount of securities that is subordinate to New Residential’s investments.
	(E)	Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
	(F)	The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.
	(G)	The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.
	(H)	Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio.
									Gross Unrealized												Weighted Average
	Asset Type		Outstanding Face Amount			Amortized Cost Basis			Gains				Losses			Carrying Value			Number of Securities		Rating		Coupon			Yield			Life (Years)		Principal Subordination
	Other ABS		$	984,460		$	56,414		$	829			$	(1,119	)	$	56,124		8		AA+		1.98	%		8.65	%		4		—	%
Summary of Real Estate Securities in an Unrealized Loss Position	The following table summarizes New Residential’s securities in an unrealized loss position as of March 31, 2015.
						Amortized Cost Basis																			Weighted Average
	Securities in an Unrealized Loss Position		Outstanding Face Amount			Before Impairment			Other-Than-				After Impairment			Gross Unrealized Losses			Carrying Value			Number of Securities			Rating(B)		Coupon			Yield			Life
									Temporary Impairment(A)																								(Years)
	Less than Twelve		$	1,297,224		$	494,733		$	(1,071	)		$	493,662		$	(3,202	)	$	490,460		70			AA-		1.37	%		2.2	%		7.2
	Months
	Twelve or More		128,605			123,794			—				123,794			(1,730		)	122,064			22			AA+		2.39	%		1.96	%		4.4
	Months
	Total/Weighted		$	1,425,829		$	618,527		$	(1,071	)		$	617,456		$	(4,932	)	$	612,524		92			AA		1.57	%		2.15	%		6.7
	Average
	(A)	This amount represents other-than-temporary impairment recorded on securities that are in an unrealized loss position as of March 31, 2015.
	(B)	The weighted average rating of securities in an unrealized loss position for less than twelve months excludes the rating of 20 bonds which either have never been rated or for which rating information is no longer provided.
	New Residential performed an assessment of all of its debt securities that are in an unrealized loss position (an unrealized loss position exists when a security’s amortized cost basis, excluding the effect of OTTI, exceeds its fair value) and determined the following:
		March 31, 2015
								Unrealized Losses
		Fair Value			Amortized Cost Basis After Impairment			Credit(A)				Non-Credit(B)
	Securities New Residential intends to sell(C)	$	—		$	—		$	—			$	—
	Securities New Residential is more likely than not to be	—			—			—				N/A
	required to sell(D)
	Securities New Residential has no intent to sell and is not
	more likely than not to be required to sell:
	Credit impaired securities	107,612			108,440			(1,071		)		(828		)
	Non-credit impaired securities	504,912			509,016			—				(4,104		)
	Total debt securities in an unrealized loss position	$	612,524		$	617,456		$	(1,071	)		$	(4,932	)
	(A)	This amount is required to be recorded as other-than-temporary impairment through earnings. In measuring the portion of credit losses, New Residential’s management estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include management’s expectations of prepayment speeds, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment’s effective interest rate.
	(B)	This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income.
	(C)	A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment and, therefore, do not have unrealized losses reflected in other comprehensive income as of March 31, 2015.
	(D)	New Residential may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, New Residential must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales.
Summary of Activity Related to Credit Losses on Debt Securities	The following table summarizes the activity related to credit losses on debt securities:
		Three Months Ended March 31, 2015
	Beginning balance of credit losses on debt securities for which a portion of an OTTI was	$	1,127
	recognized in other comprehensive income
	Increases to credit losses on securities for which an OTTI was previously recognized and a portion	6
	of an OTTI was recognized in other comprehensive income
	Additions for credit losses on securities for which an OTTI was not previously recognized	1,065
	Reductions for securities for which the amount previously recognized in other comprehensive	—
	income was recognized in earnings because the entity intends to sell the security or more likely
	than not will be required to sell the security before recovery of its amortized cost basis
	Reduction for credit losses on securities for which no OTTI was recognized in other	—
	comprehensive income at the current measurement date
	Reduction for securities sold during the period	(228		)
	Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized	$	1,970
	in other comprehensive income
Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS	The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS:
			31-Mar-15					31-Dec-14
	Geographic Location		Outstanding Face Amount			Percentage of Total Outstanding		Outstanding Face Amount				Percentage of Total Outstanding
	Western U.S.		$	614,391		33.6	%	$	779,930			41.1	%
	Southeastern U.S.		479,970			26.4	%	409,755				21.6	%
	Northeastern U.S.		327,308			18	%	344,716				18.2	%
	Midwestern U.S.		160,246			8.8	%	190,480				10	%
	Southwestern U.S.		238,127			13.1	%	170,829				9	%
	Other(A)		494			0.1	%	440				0.1	%
			$	1,820,536		100	%	$	1,896,150			100	%
	(A)	Represents collateral for which New Residential was unable to obtain geographic information.
Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible	The following is the outstanding face amount and carrying value for securities, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments, excluding residual and interest-only securities:
		Outstanding Face Amount			Carrying Value
	March 31, 2015	$	234,289		$	147,137
	December 31, 2014	536,342			414,298
Summary of Changes in Accretable Yield for Securities	The following is a summary of the changes in accretable yield for these securities:
		Three Months Ended March 31, 2015
	Balance at December 31, 2014	$	181,671
	Additions	23,599
	Accretion	(4,321		)
	Reclassifications from (to) non-accretable difference	(3,605		)
	Disposals	(100,536		)
	Balance at March 31, 2015	$	96,808

INVESTMENTS_IN_RESIDENTIAL_MOR1

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO	The following table presents certain information regarding New Residential’s residential mortgage loans outstanding by loan type, excluding REO:
			March 31, 2015
			Outstanding Face Amount				Carrying		Loan	Weighted Average Yield		Weighted Average Life (Years)(A)	Floating Rate Loans as a % of Face Amount		Loan to Value Ratio (“LTV”)(B)		Weighted Avg. Delinquency(C)		Weighted Average FICO(D)	December 31, 2014 Carrying Value
							Value		Count
	Loan Type
	Reverse Mortgage Loans(E)(F)		$	42,306			$	23,294	182	10	%	4	21.4	%	109.6	%	78.2	%	N/A	$	24,965
	Performing Loans(G)		23,548				21,673		709	8.7	%	5.8	17.9	%	79.6	%	0.3	%	620	22,873
	Total Residential Mortgage Loans, held-for-		$	65,854			$	44,967	891	9.6	%	4.7	19.4	%	98.5	%	53	%	620	$	47,838
	investment
	Performing Loans, held-for-sale(G)		$	268,731			$	270,407	4,832	4.9	%	7	27.6	%	82.1	%	—	%	621	$	388,485
	Purchased Credit Impaired (“PCI”) Loans,		300,598				229,767		2,133	5.9	%	2.4	32.4	%	105.9	%	87.4	%	547	737,954
	held-for-sale(H)
	Residential Mortgage Loans, held-for-sale		$	569,329			$	500,174	6,965	5.4	%	4.5	30.1	%	94.7	%	46.2	%	582	$	1,126,439
	(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
	(B)	LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
	(C)	Represents the percentage of the total principal balance that are 60+ days delinquent.
	(D)	The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.
	(E)	Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 76% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.
	(F)	FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
	(G)	Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $0.7 million.
	(H)	Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of March 31, 2015, New Residential has placed all of these loans on nonaccrual status.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans	The table below summarizes the geographic distribution of the underlying residential mortgage loans:
			Percentage of Total Outstanding Unpaid Principal Amount as of
	State Concentration		31-Mar-15			31-Dec-14
	New York		11.2	%		12.2	%
	California		9	%		15	%
	Florida		7.1	%		6.3	%
	New Jersey		5.5	%		7	%
	Georgia		4.8	%		3.6	%
	Texas		4.7	%		4.1	%
	Pennsylvania		4.7	%		3.9	%
	North Carolina		4.6	%		3	%
	Ohio		4.4	%		3.1	%
	Illinois		4.1	%		4.4	%
	Other U.S.		39.9	%		37.4	%
			100	%		100	%
Schedule of Past Due Information for Performing Loans	The following table provides past due information for New Residential’s Performing Loans, which is an important indicator of credit quality and the establishment of the allowance for loan losses:
	March 31, 2015
	Days Past Due		Delinquency Status(A)
	Current		86.1	%
	30-59		13.9	%
	60-89		—	%
	90-119(B)		—	%
	120+(C)		—	%
			100	%
	(A)	Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status.
	(B)	Includes loans 90-119 days past due and still accruing because they are generally placed on nonaccrual status at 120 days or more past due.
	(C)	Represents nonaccrual loans.
Summary of Activities Related to the Carrying Value of Reverse Mortgage Loans and Performing Loans and PCI Loans Held for Investment	Activities related to the carrying value of residential mortgage loans held-for-investment were as follows:
		For the Three Months Ended March 31, 2015
		Reverse Mortgage Loans				Performing Loans
	Balance at December 31, 2014	$	24,965			$	22,873
	Purchases/additional fundings	340				—
	Proceeds from repayments	—				(854		)
	Accretion of loan discount (premium) and other amortization	1,274				(228		)
	Provision for loan losses	(202		)		(118		)
	Transfer of loans to other assets	(2,720		)		—
	Transfer of loans to real estate owned	(363		)		—
	Transfer of loans to held-for-sale	—				—
	Reversal of valuation provision on loans transferred to other assets	—				—
	Balance at March 31, 2015	$	23,294			$	21,673
Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans	Activities related to the valuation provision on reverse mortgage loans and allowance for loan losses on performing loans held-for-investment were as follows:
		For the Three Months Ended March 31, 2015
		Reverse Mortgage Loans				Performing Loans
	Balance at December 31, 2014	$	1,518			$	1,447
	Allowance for loan losses(A)	202				118
	Charge-offs(B)	—				(1,371		)
	Reversal of valuation provision on loans transferred to other assets	—				—
	Balance at March 31, 2015	$	1,720			$	194
	(A)	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.
	(B)	Loans, other than PCI 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.
Summary of Activities Related to the Carrying Value of Loans Held-for-sale	Activities related to the carrying value of loans held-for-sale were as follows:
			For the Three Months Ended March 31, 2015
			Loans Held-for-Sale
	Balance at December 31, 2014		$	1,126,439
	Purchases(A)		—
	Sales		(606,155		)
	Transfer of loans to real estate owned		(15,417		)
	Adoption of ASU 2014-11(B)		1,831
	Proceeds from repayments		(5,682		)
	Valuation provision on loans(C)		(842		)
	Balance at March 31, 2015		$	500,174
	(A)	Represents loans acquired with the intent to sell.
	(B)	Represents loans financed with the selling counterparty that were previously accounted for as linked transactions.
	(C)	Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans.

INVESTMENTS_IN_CONSUMER_LOANS_1

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES (Tables)	3 Months Ended
	Mar. 31, 2015
Investments In Consumer Loans Equity Method Investees [Abstract]
Summary of the Investment in Consumer Loan Companies	The following tables summarize the investment in the Consumer Loan Companies held by New Residential:
			March 31, 2015				December 31, 2014
	Consumer loan assets (amortized cost basis)		$	1,981,271			$	2,088,330
	Other assets		92,028				92,051
	Debt		(2,282,438		)		(2,411,421		)
	Other liabilities		(5,854		)		(12,340		)
	Equity		$	(214,993	)		$	(243,380	)
	New Residential’s investment		$	—			$	—
	New Residential’s ownership		30		%		30		%
			Three Months Ended March 31,
			2015				2014
	Interest income		$	121,869			$	142,815
	Interest expense		(23,107		)		(22,195		)
	Provision for finance receivable losses		(19,636		)		(34,156		)
	Other expenses, net		(15,964		)		(20,452		)
	Change in fair value of debt		—				(16,867		)
	Net income		$	63,162			$	49,145
	New Residential’s equity in net income (through October 3, 2014)		$	—			$	16,360
	New Residential’s ownership		30		%		30		%
Summary of Consumer Loan Investments made through Equity Method Investees	The following is a summary of New Residential’s consumer loan investments made through equity method investees:
		Unpaid Principal Balance(A)				Interest in  Consumer Loan Companies			Carrying Value(B)		Weighted Average Coupon(C)		Weighted Average Yield		Weighted Average Expected Life (Years)(D)
	31-Mar-15	$	2,460,743			30	%		$	1,981,271	18.2	%	16.3	%	3.6
	31-Dec-14	$	2,589,748			30	%		$	2,088,330	18.1	%	16.1	%	3.6
	(A)	Represents the February 28, 2015 and November 30, 2014 balances, respectively.
	(B)	Represents the carrying value of the consumer loans held by the Consumer Loan Companies.
	(C)	Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.
	(D)	Weighted Average Expected Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

DERIVATIVES_Tables

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives	New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows:
		Balance Sheet Location		31-Mar-15				31-Dec-14
	Derivative assets
	Real Estate Securities(A)	Derivative assets		$	—			$	32,090
	Non-Performing Loans(A)	Derivative assets		—				312
	Interest Rate Caps	Derivative assets		71				195
				$	71			$	32,597
	Derivative liabilities
	TBAs	Accrued expenses and other liabilities		$	8,539			$	4,985
	Interest Rate Swaps	Accrued expenses and other liabilities		12,588				9,235
				$	21,127			$	14,220
	(A)	For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.
	The following table summarizes notional amounts related to derivatives:
		March 31, 2015				December 31, 2014
	Non-Performing Loans(A)	$	—			$	2,931
	Real Estate Securities(B)	—				186,694
	TBAs, short position(C)	980,000				1,234,000
	Interest Rate Caps(D)	210,000				210,000
	Interest Rate Swaps, short position(E)	1,107,000				1,107,000
	(A)	For December 31, 2014, represents the UPB of the underlying loans of the non-performing loan pools within linked transactions.
	(B)	For December 31, 2014, represents the face amount of the real estate securities within linked transactions.
	(C)	Represents the notional amount of Agency RMBS, classified as derivatives.
	(D)	Caps LIBOR at 3.0%.
	(E)	Receive LIBOR and pay a fixed rate.
	The following table summarizes gains (losses) recorded in relation to derivatives:
			For the Three Months Ended March 31,
			2015				2014
	Other income (loss)
	Non-Performing Loans(A)		$	—			$	671
	TBAs		(3,554		)		362
	Interest Rate Swaps		(3,352		)		(84		)
	U.S.T. Short Positions		—				408
	Interest Rate Caps		(124		)		—
			(7,030		)		1,357
	Gain (loss) on settlement of investments
	Real Estate Securities(A)		—				—
	TBAs		(16,033		)		43
	Interest Rate Swaps		(6,557		)		(178		)
			(22,590		)		(135		)
	Total gains (losses)		$	(29,620	)		$	1,222
	(A)	For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounts for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.

DEBT_OBLIGATIONS_Tables

DEBT OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt Obligations	Activities related to the carrying value of New Residential’s debt obligations were as follows:
			Servicer Advances				Real Estate Securities				Real Estate Loans				Other			Total
	Balance at December 31, 2014(A)		$	2,890,230			$	2,246,651			$	925,418			$	—		$	6,062,299
	Repurchase Agreements
	Borrowings		—				1,089,257				31,864				—			1,121,121
	Modified retrospective adjustment for the adoption of ASU No. 2014-11		—				84,649				1,306				—			85,955
	Repayments		—				(1,491,666		)		(525,111		)		—			(2,016,777		)
	Notes Payable
	Borrowings		380,702				—				1,632				100,000			482,334
	Repayments		(395,520		)		—				(605		)		—			(396,125		)
	Balance at March 31, 2015		$	2,875,412			$	1,928,891			$	434,504			$	100,000		$	5,338,807
	(A)    Excludes debt related to linked transactions (Note 10).
	The following table presents certain information regarding New Residential’s debt obligations:
	31-Mar-15																									31-Dec-14
																			Collateral
	Debt Obligations/Collateral		Month Issued		Outstanding Face Amount				Carrying Value				Final Stated Maturity		Weighted Average Funding Cost		Weighted Average Life (Years)		Outstanding Face		Amortized Cost Basis		Carrying Value		Weighted Average Life (Years)	Carrying Value
	Repurchase Agreements(A)
	Agency		Various		$	1,612,972			$	1,612,972			Apr-15 to May-15		0.36	%	0.1		$	1,575,759	$	1,659,781	$	1,664,996	5.4	$	1,707,602
	RMBS(B)
	Non-Agency		Various		315,919				315,919				Apr-15 to Jun-15		1.77	%	0.1		1,500,816		428,696		439,579		9	539,049
	RMBS (C)
	Residential		Various		392,521				392,521				May-15 to Aug-16		2.37	%	0.8		584,085		514,109		514,109		4.6	867,334
	Mortgage
	Loans(D)
	Real Estate		Various		17,977				17,977				May-15 to Aug-16		2.82	%	1.1		N/A		N/A		33,408		N/A	35,105
	Owned(E)
	Total				2,339,389				2,339,389						0.91	%	0.2									3,149,090
	Repurchase
	Agreements
	Notes Payable
	Secured		15-Jan		100,000				100,000				15-Jul		3.93	%	0.3		105,939,876		239,540		279,404		5.3	—
	Corporate
	Loan (F)
	Servicer		Various		2,875,412				2,875,412				Dec-15 to Mar-17		2.62	%	1.4		3,068,306		3,168,909		3,245,457		3.9	2,890,230
	Advances(G)
	Residential		14-Oct		23,604				23,604				15-Oct		3.08	%	0.6		42,306		25,013		23,294		4	22,194
	Mortgage
	Loans(H)
	Real Estate		14-Oct		402				402				15-Oct		3.08	%	0.6		N/A		N/A		397		N/A	785
	Owned(H)
	Total Notes				2,999,418				2,999,418						2.66	%	1.3									2,913,209
	Payable
	Total/ Weighted				$	5,338,807			$	5,338,807					1.9	%	0.8									$	6,062,299
	Average
	(A)	These repurchase agreements had approximately $2.0 million of associated accrued interest payable as of March 31, 2015.
	(B)	The counterparties of these repurchase agreements are Mizuho ($89.6 million), Morgan Stanley ($73.3 million), Barclays ($788.7 million), Daiwa ($338.9 million) and Jefferies ($322.5 million) and were subject to customary margin call provisions. All of the Agency RMBS repurchase agreements have a fixed rate.
	(C)	The counterparties of these repurchase agreements are Barclays ($5.6 million), Credit Suisse ($107.3 million), Royal Bank of Canada ($10.2 million), Bank of America, N.A. ($80.1 million), Goldman Sachs ($60.9 million) and UBS ($51.8 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates.
	(D)	The counterparties on these repurchase agreements are Bank of America N.A. ($39.5 million maturing in August 2016), Nomura ($68.7 million maturing in May 2016), Citibank ($4.8 million maturing in May 2015) and Credit Suisse ($279.5 million maturing in November 2015). All of these repurchase agreements have LIBOR-based floating interest rates.
	(E)	The counterparties of these repurchase agreements are Credit Suisse ($1.2 million), Bank of America, N.A. ($2.0 million), Citibank ($0.4 million) and Nomura ($14.4 million). All of these repurchase agreements have LIBOR-based floating interest rates.
	(F)	The loan bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.75%. The outstanding face of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure this corporate loan.
	(G)	$0.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.0%.
	(H)	The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
Schedule of Contractual Maturities of Debt Obligations	New Residential’s debt obligations as of March 31, 2015 had contractual maturities as follows:
	Year		Nonrecourse				Recourse				Total
	April 1 through December 31, 2015		$	150,128			$	2,338,753			$	2,488,881
	2016		2,107,255				41,473				2,148,728
	2017		701,198				—				701,198
			$	2,958,581			$	2,380,226			$	5,338,807
Schedule of Borrowing Capacity	The following table represents New Residential’s borrowing capacity as of March 31, 2015:
	Debt Obligations/ Collateral		Collateral Type		Borrowing Capacity				Balance Outstanding				Available Financing
	Repurchase Agreements
	Residential Mortgage Loans		Real Estate Loans		$	1,720,000			$	410,498			$	1,309,502
	Notes Payable
	Servicer Advances(A)		Servicer Advances		3,300,000				2,875,412				424,588
					$	5,020,000			$	3,285,910			$	1,734,090
	(A)	New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.3% fee on the unused borrowing capacity.

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis	The carrying values and fair values of New Residential’s financial assets recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2015 were as follows:
										Fair Value
		Principal Balance or Notional Amount				Carrying Value				Level 1				Level 2				Level 3				Total
	Assets:
	Investments in:
	Excess mortgage servicing rights, at fair	$	163,572,436			$	526,662			$	—			$	—			$	526,662			$	526,662
	value(A)
	Excess mortgage servicing rights, equity	84,000,746				225,111				—				—				225,111				225,111
	method investees, at fair value(A)
	Servicer advances	3,068,306				3,245,457				—				—				3,245,457				3,245,457
	Real estate securities, available-for-sale	3,396,295				2,324,915				—				1,664,996				659,919				2,324,915
	Residential mortgage loans, held-for-	65,854				44,967				—				—				45,900				45,900
	investment
	Residential mortgage loans, held-for-	569,329				500,174				—				—				506,986				506,986
	sale
	Non-hedge derivatives	210,000				71				—				71				—				71
	Cash and cash equivalents	459,334				459,334				459,334				—				—				459,334
	Restricted cash	28,325				28,325				28,325				—				—				28,325
						$	7,355,016			$	487,659			$	1,665,067			$	5,210,035			$	7,362,761
	Liabilities:
	Repurchase agreements	$	2,339,389			$	2,339,389			$	—			$	1,928,891			$	410,498			$	2,339,389
	Notes payable	2,999,418				2,999,418				—				—				2,999,418				2,999,418
	Derivative liabilities	2,087,000				21,127				—				21,127				—				21,127
						$	5,359,934			$	—			$	1,950,018			$	3,409,916			$	5,359,934
	(A)	The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs	New Residential’s financial assets measured at fair value on a recurring basis using Level 3 inputs changed as follows:
		Level 3
		Excess MSRs(A)								Excess MSRs in Equity Method Investees(A)(B)
		Agency				Non-Agency				Agency				Non-Agency				Servicer Advances				Non-Agency RMBS			Linked Transactions			Total
	Balance at December 31, 2014	$	217,519			$	200,214			$	232,618			$	98,258			$	3,270,839			$	723,000		$	32,402		$	4,774,850
	Transfers(C)
	Transfers from Level 3	—				—				—				—				—				—			—			—
	Transfers to Level 3	—				—				—				—				—				—			—			—
	Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	—				98,258				—				(98,258		)		—				—			—			—
	Gains (losses) included in net income
	Included in other-than-temporary	—				—				—				—				—				(1,071		)	—			(1,071		)
	impairment (“OTTI”) on securities(D)
	Included in change in fair value of	(234		)		(1,527		)		—				—				—				—			—			(1,761		)
	investments in excess mortgage
	servicing rights(D)
	Included in change in fair value of	—				—				4,921				—				—				—			—			4,921
	investments in excess mortgage
	servicing rights, equity method
	investees(D)
	Included in change in fair value of	—				—				—				—				(7,669		)		—			—			(7,669		)
	investments in servicer advances
	Included in gain on settlement of	—				—				—				—				—				3,808			—			3,808
	investments, net
	Included in other income(D)	730				—				—				—				—				—			—			730
	Gains (losses) included in other	—				—				—				—				—				(481		)	—			(481		)
	comprehensive income, net of tax(E)
	Interest income	6,458				8,579				—				—				42,349				8,450			—			65,836
	Purchases, sales, repayments and transfers
	Purchases	26,479				—				—				—				1,765,294				222,102			—			2,013,875
	Proceeds from sales	—				—				—				—				—				(389,719		)	—			(389,719		)
	Proceeds from repayments	(11,973		)		(17,841		)		(12,428		)		—				(1,825,356		)		(23,002		)	—			(1,890,600		)
	De-linked transactions(F)	—				—				—				—				—				116,832			(32,402		)	84,430
	Balance at March 31, 2015	$	238,979			$	287,683			$	225,111			$	—			$	3,245,457			$	659,919		$	—		$	4,657,149
	(A)	Includes the Recapture Agreement for each respective pool.
	(B)	Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.
	(C)	Transfers are assumed to occur at the beginning of each respective period.
	(D)	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.
	(E)	These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
	(F)	See Note 10 for a discussion of transactions formerly accounted for as linked transactions.
Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances	The following table summarizes certain information regarding the weighted average inputs used in valuing the Excess MSRs owned directly and through equity method investees as of March 31, 2015:
			Significant Inputs(A)
	Directly Held (Note 4)		Prepayment Speed(B)			Delinquency(C)			Recapture Rate(D)			Excess Mortgage Servicing Amount
												(bps)(E)
	Agency
	Original and Recaptured Pools		10.1	%		5.4	%		31.5	%		21
	Recapture Agreement		7.9	%		5	%		19.9	%		21
			10	%		5.4	%		30.8	%		21
	Non-Agency(F)
	Original and Recaptured Pools		12.7	%		N/A			10.2	%		14
	Recapture Agreement		8	%		N/A			20	%		20
			12.5	%		N/A			10.7	%		14
	Total/Weighted Average--Directly Held		11.5	%		5.4	%		18.9	%		17
	Held through Equity Method Investees (Note 5)
	Agency
	Original and Recaptured Pools		13	%		6.5	%		33.5	%		19
	Recapture Agreement		8	%		5	%		20	%		23
	Total/Weighted Average--Held through Investees		12.1	%		6.2	%		31.1	%		19
	Total/Weighted Average--All Pools		11.7	%		5.7	%		24.5	%		18
	(A)	Weighted by amortized cost basis of the mortgage loan portfolio.
	(B)	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
	(C)	Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
	(D)	Percentage of voluntarily prepaid loans that are expected to be refinanced by Nationstar.
	(E)	Weighted average total mortgage servicing amount in excess of the basic fee.
	(F)	For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used.
Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances	The following table summarizes certain information regarding the inputs used in valuing the servicer advances:
		Significant Inputs
		Weighted Average
		Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans			Prepayment Speed			Delinquency			Mortgage Servicing Amount(A)			Discount Rate
	March 31, 2015	2.1	%		12.5	%		14.3	%		19.4		bps	5.4	%
	(A)	Mortgage servicing amount excludes the amounts New Residential pays Nationstar and SLS as a monthly servicing fee.
Schedule of Securities Valuation Methodology and Results	As of March 31, 2015, New Residential’s securities valuation methodology and results are further detailed as follows:
											Fair Value
	Asset Type		Outstanding Face Amount				Amortized Cost Basis				Multiple Quotes(A)				Single Quote(B)				Total				Level
	Agency RMBS		$	1,575,759			$	1,659,781			$	1,664,996			$	—			$	1,664,996			2
	Non-Agency RMBS(C)		1,820,536				647,915				650,746				9,173				659,919				3
	Total		$	3,396,295			$	2,307,696			$	2,315,742			$	9,173			$	2,324,915
	(A)	Management generally obtained pricing service quotations or broker quotations from two sources, one of which was generally the seller (the party that sold New Residential the security) for Non-Agency RMBS. Management selected one of the quotes received as being most representative of the fair value and did not use an average of the quotes. Even if New Residential receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because management believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases there is a wide disparity between the quotes New Residential receives. Management believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on New Residential’s own fair value analysis, management selects one of the quotes which is believed to more accurately reflect fair value. New Residential never adjusts quotes received. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to actually purchase the security at the quoted price.
	(B)	Management was unable to obtain quotations from more than one source on these securities. The one source was the seller (the party that sold New Residential the security).
	(C)	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
Schedule of Inputs Used in Valuing Residential Mortgage Loans	The following table summarizes the inputs used in valuing these residential mortgage loans as of March 31, 2015:
	March 31, 2015		Fair Value				Discount Rate			Weighted Average Life (Years) (A)		Prepayment Rate			CDR(B)		Loss Severity(C)
	PCI Loans		$	213,058			5.5	%		2.4		3	%		N/A		50	%
	(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
	(B)	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.
	(C)	Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.
	The following table summarizes the inputs used in valuing residential mortgage loans as of March 31, 2015:
			Carrying Value				Fair Value				Valuation Provision/ (Reversal) In Current Year				Discount Rate			Weighted Average Life (Years)(A)		Prepayment Rate			CDR(B)		Loss Severity(C)
	Reverse Mortgage Loans(D)		$	23,294			$	23,294			$	202			10	%		4		N/A			N/A		6.3	%
	Performing Loans		292,080				296,970				N/A				4.9	%		6.9		6	%		2.1	%	46.1	%
	PCI Loans		16,709				19,564				N/A				5.5	%		2.4		3	%		N/A		50	%
	Total/Weighted Average		$	332,083			$	339,828			$	202			5.3	%		6.4							43.5	%
	(A)	The weighted average life is based on the expected timing of the receipt of cash flows.
	(B)	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.
	(C)	Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.
	(D)	Carrying value and fair value represent a 70% interest New Residential holds in the reverse mortgage loans.

EQUITY_AND_EARNINGS_PER_SHARE_

EQUITY AND EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2015
Equity and Earnings Per Share [Abstract]
Summary of Outstanding Options	As of March 31, 2015, New Residential’s outstanding options were summarized as follows:
		Issued Prior to 2011			Issued in 2011-2014		Total
	Held by the Manager	343,440			8,173,847		8,517,287
	Issued to the Manager and subsequently transferred to certain of the	90,560			1,959,247		2,049,807
	Manager’s employees
	Issued to the independent directors	1,000			4,000		5,000
	Total	435,000			10,137,094		10,572,094
	The following table summarizes New Residential’s outstanding options as of March 31, 2015. The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2015 was $15.03 per share.
	Recipient	Date of		Number of		Options		Weighted		Intrinsic
		Grant/		Options		Exercisable		Average		Value as of
		Exercise(A)				as of		Exercise		March 31,
						March 31,		Price(B)		2015
						2015				(millions)
	Directors	Various		6,000		5,000		$	17.54	$	—
	Manager(C)	2003 - 2007		1,226,555		434,000		31.36		—
	Manager(C)	11-Mar		838,417		547,583		6.58		4.6
	Manager(C)	11-Sep		1,269,917		849,916		4.98		8.5
	Manager(C)	12-Apr		948,750		920,983		6.82		7.6
	Manager(C)	12-May		1,150,000		1,117,333		7.34		8.6
	Manager(C)	12-Jul		1,265,000		1,234,783		7.34		9.5
	Manager(C)	13-Jan		2,875,000		2,491,665		10.24		11.9
	Manager(C)	13-Feb		1,150,000		958,332		11.48		3.4
	Manager(C)	14-Apr		1,437,500		527,083		12.2		1.5
	Exercised(D)	2013-2014		(802,492	)	N/A		5.81		N/A
	Expired unexercised	2003-2005		(792,553	)	N/A		N/A		N/A
	Outstanding			10,572,094		9,086,678
	(A)	Options expire on the tenth anniversary from date of grant.
	(B)	The strike prices are subject to adjustment in connection with return of capital dividends.
	(C)	The Manager assigned certain of its options to Fortress’s employees as follows:
	Date of Grant		Range of Strike		Total Unexercised
			Prices		Inception to Date
	2004 - 2007		$29.92 to $33.80		90,560
	2012		$6.82 to $7.34		600,000
	2013		$10.24 to $11.48		1,100,497
	2014		$12.20		258,750
	Total				2,049,807
	(D)	Exercised by employees of Fortress, subsequent to their assignment, or by directors. The options exercised had an intrinsic value of $4.5 million.

TRANSACTIONS_WITH_AFFILIATES_A1

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Transactions With Affiliates And Affiliated Entities
Schedule of Affiliate Transactions	Due to affiliates is comprised of the following amounts:
		March 31, 2015		December 31, 2014
	Management fees	$	1,709	$	1,710
	Incentive compensation	3,693		54,334
	Expense reimbursements and other	1,063		1,380
		$	6,465	$	57,424
	Affiliate expenses and fees were comprised of:
		Three Months Ended March 31,
		2015		2014
	Management fees	$	5,126	$	4,486
	Incentive compensation	3,693		3,338
	Expense reimbursements(A)	125		125
	Total	$	8,944	$	7,949
	(A)	Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

RECLASSIFICATION_FROM_ACCUMULA1

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Summary of Amounts Reclassified out of Accumulated Other Comprehensive Income into Net Income	The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income:
	Accumulated Other Comprehensive	Statement of Income Location	Three Months Ended March 31,
	Income Components
			2015			2014
	Reclassification of net realized (gain)	Gain on settlement of securities	$	(24,697	)	$	(4,492	)
	loss on securities into earnings
	Reclassification of net realized (gain)	Other-than-temporary impairment on	1,071			328
	loss on securities into earnings	securities
	Total reclassifications		$	(23,626	)	$	(4,164	)

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following:
		Three Months Ended March 31,
		2015			2014
	Current:
	Federal	$	736		$	217
	State and Local	(1,156		)	70
	Total Current Income Tax Expense (Benefit)	(420		)	287
	Deferred:
	Federal	(1,323		)	—
	State and Local	(1,684		)	—
	Total Deferred Income Tax Expense (Benefit)	(3,007		)	—
	Total Income Tax Expense (Benefit)	$	(3,427	)	$	287

RECENT_ACTIVITIES_Tables

RECENT ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Summary of Unaudited Pro Forma Combined Interest Income and Income (Loss) Before Income Taxes	The following table presents unaudited pro forma combined Interest Income and Income (Loss) Before Incomes Taxes for the three months ended March 31, 2014 and 2015 prepared as if the Acquisition of HLSS had been consummated on January 1, 2014.
		Three Months Ended March 31,
		2015		2014
		(unaudited)		(unaudited)
	Pro Forma
	Interest income	$	165,055	$	176,989
	Income (Loss) Before Income Taxes	71,465		103,683

ORGANIZATION_Narrative_Details

ORGANIZATION - Narrative (Details)	0 Months Ended
	Oct. 17, 2014	Mar. 31, 2015	Dec. 31, 2014	Oct. 17, 2014
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	141,400,000	141,434,905	141,434,905	141,400,000
Reverse stock split	0.5
Fortress [Member]
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)		2,400,000
Stock options outstanding (in shares)		8,500,000

OTHER_INCOME_ASSETS_AND_LIABIL2

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Income (Details) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Oct. 03, 2014	Mar. 31, 2015	Mar. 31, 2014
Other income (loss), net
Unrealized gain (loss) on derivative instruments		($7,030)	$1,357
Gain (loss) on transfer of loans to REO		-544	0
Gain on consumer loans investment	80,100	10,447	0
Other income (loss)		-836	0
Total Other income (loss), net		$2,037	$1,357

OTHER_INCOME_ASSETS_AND_LIABIL3

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Gain on Settlement of Investments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Other Income Assets And Liabilities
Gain on sale of real estate securities, net	$24,697		$4,492
Gain (loss) on sale of residential mortgage loans, net	20,830		0
Gain (loss) on settlement of derivatives	-22,590		-135
Gain (loss) on liquidated residential mortgage loans, held-for-investment	400		0
Gain (loss) on sale of REO	-5,636	[1]	0	[1]
Other gains (losses)	-2,934		0
Gain on settlement of investments	$14,767		$4,357
[1]	Includes approximately $3.2 million loss on REO sold as a part of the residential mortgage loan sales described in Note 8.

OTHER_INCOME_ASSETS_AND_LIABIL4

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Gain on Settlement of Investments (Footnote) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Investment [Line Items]
Loss on REO sold as part of residential mortgage loan sales	$5,636	[1]	$0	[1]
Residential Mortgage Loan Sales [Member]
Investment [Line Items]
Loss on REO sold as part of residential mortgage loan sales	$3,200
[1]	Includes approximately $3.2 million loss on REO sold as a part of the residential mortgage loan sales described in Note 8.

OTHER_INCOME_ASSETS_AND_LIABIL5

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Other Liabilities (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Other Assets
Margin receivable, net	$36,934		$59,021
Interest and other receivables	11,320		10,455
Deferred financing costs, net	2,817	[1]	4,446	[1]
Principal paydown receivable	3,761		3,595
Receivable from government agency	9,380		9,108
Call rights	3,828		3,728
Other assets	8,661		9,516
Other Assets	76,701		99,869
Other Liabilities
Interest payable	7,516		7,857
Accounts payable	16,068		28,059
Derivative liabilities	21,127		14,220
Current taxes payable	47		2,349
Other liabilities	19		20
Accrued Expenses and Other Liabilities	$44,777		$52,505
[1]	Deferred financing costs are net of accumulated amortization of $5.4 million and $8.8 million as of March 31, 2015 and December 31, 2014, respectively.

OTHER_INCOME_ASSETS_AND_LIABIL6

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Other Liabilities (Footnote) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Other Income Assets And Liabilities
Amortization of deferred financing costs	$5,400	$8,800

OTHER_INCOME_ASSETS_AND_LIABIL7

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Accretion and Other Amortization (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accretion of discount and other amortization:
Accretion of servicer advance interest income	$42,349	$45,716
Accretion of excess mortgage servicing rights income	15,037	13,816
Accretion of net discount on securities and loans	5,399	356
Amortization of deferred financing costs	-1,440	-3,238
Accretion and other amortization	$61,345	$56,650

SEGMENT_REPORTING_Summary_of_S

SEGMENT REPORTING - Summary of Segment Financial Data (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Interest income	$84,373	$71,490
Interest expense	33,979	38,997
Net interest income (expense)	50,394	32,493
Impairment	2,048	492
Other income	12,295	35,050
Operating expenses	22,270	9,899
Income (Loss) Before Income Taxes	38,371	57,152
Income tax expense (benefit)	-3,427	287
Net Income (Loss)	41,798	56,865
Noncontrolling interests in income (loss) of consolidated subsidiaries	5,823	8,093
Net income (loss) attributable to common stockholders	35,975	48,772
Investments	6,903,191
Cash and cash equivalents	459,334
Restricted cash	28,325		29,418
Derivative assets	71		32,597
Other assets	76,701		99,869
Total assets	7,467,622		8,093,690
Debt	5,338,807		6,062,299
Other liabilities	314,401
Total liabilities	5,653,208		6,243,765
Total equity	1,814,414		1,849,925
Noncontrolling interests in equity of consolidated subsidiaries	246,899		253,836
Total New Residential stockholders’ equity	1,567,515		1,596,089
Investments in equity method investees	225,111
Operating Segments [Member] | Excess MSRs [Member]
Segment Reporting Information [Line Items]
Interest income	15,037	13,816
Interest expense	0	1,291
Net interest income (expense)	15,037	12,525
Impairment	0	0
Other income	3,890	12,976
Operating expenses	88	65
Income (Loss) Before Income Taxes	18,839	25,436
Income tax expense (benefit)	0	0
Net Income (Loss)	18,839	25,436
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Net income (loss) attributable to common stockholders	18,839	25,436
Investments	751,773
Cash and cash equivalents	267
Restricted cash	37
Derivative assets	0
Other assets	34
Total assets	752,111
Debt	0
Other liabilities	2,921
Total liabilities	2,921
Total equity	749,190
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	749,190
Investments in equity method investees	225,111
Operating Segments [Member] | Servicer Advances [Member]
Segment Reporting Information [Line Items]
Interest income	42,349	45,716
Interest expense	23,637	31,956
Net interest income (expense)	18,712	13,760
Impairment	0	0
Other income	-10,727	0
Operating expenses	575	250
Income (Loss) Before Income Taxes	7,410	13,510
Income tax expense (benefit)	-3,240	287
Net Income (Loss)	10,650	13,223
Noncontrolling interests in income (loss) of consolidated subsidiaries	5,823	8,093
Net income (loss) attributable to common stockholders	4,827	5,130
Investments	3,245,457
Cash and cash equivalents	69,180
Restricted cash	28,288
Derivative assets	71
Other assets	6,622
Total assets	3,349,618
Debt	2,875,412
Other liabilities	19,642
Total liabilities	2,895,054
Total equity	454,564
Noncontrolling interests in equity of consolidated subsidiaries	246,899
Total New Residential stockholders’ equity	207,665
Investments in equity method investees	0
Operating Segments [Member] | Real Estate Securities [Member]
Segment Reporting Information [Line Items]
Interest income	14,263	11,238
Interest expense	3,480	4,069
Net interest income (expense)	10,783	7,169
Impairment	1,071	328
Other income	-5,090	5,042
Operating expenses	-102	60
Income (Loss) Before Income Taxes	4,724	11,823
Income tax expense (benefit)	0	0
Net Income (Loss)	4,724	11,823
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Net income (loss) attributable to common stockholders	4,724	11,823
Investments	2,324,915
Cash and cash equivalents	5,288
Restricted cash	0
Derivative assets	0
Other assets	51,610
Total assets	2,381,813
Debt	1,928,891
Other liabilities	219,603
Total liabilities	2,148,494
Total equity	233,319
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	233,319
Investments in equity method investees	0
Operating Segments [Member] | Real Estate Loans [Member]
Segment Reporting Information [Line Items]
Interest income	12,724	720
Interest expense	6,093	198
Net interest income (expense)	6,631	522
Impairment	977	164
Other income	13,775	671
Operating expenses	6,104	90
Income (Loss) Before Income Taxes	13,325	939
Income tax expense (benefit)	-187	0
Net Income (Loss)	13,512	939
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Net income (loss) attributable to common stockholders	13,512	939
Investments	581,046
Cash and cash equivalents	5,895
Restricted cash	0
Derivative assets	0
Other assets	15,925
Total assets	602,866
Debt	434,504
Other liabilities	5,680
Total liabilities	440,184
Total equity	162,682
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	162,682
Investments in equity method investees	0
Operating Segments [Member] | Consumer Loans [Member]
Segment Reporting Information [Line Items]
Interest income	0	0
Interest expense	0	1,483
Net interest income (expense)	0	-1,483
Impairment	0	0
Other income	10,447	16,360
Operating expenses	57	23
Income (Loss) Before Income Taxes	10,390	14,854
Income tax expense (benefit)	0	0
Net Income (Loss)	10,390	14,854
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Net income (loss) attributable to common stockholders	10,390	14,854
Investments	0
Cash and cash equivalents	0
Restricted cash	0
Derivative assets	0
Other assets	543
Total assets	543
Debt	0
Other liabilities	58
Total liabilities	58
Total equity	485
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	485
Investments in equity method investees	0
Operating Segments [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Interest income	0	0
Interest expense	769	0
Net interest income (expense)	-769	0
Impairment	0	0
Other income	0	1
Operating expenses	15,548	9,411
Income (Loss) Before Income Taxes	-16,317	-9,410
Income tax expense (benefit)	0	0
Net Income (Loss)	-16,317	-9,410
Noncontrolling interests in income (loss) of consolidated subsidiaries	0	0
Net income (loss) attributable to common stockholders	-16,317	-9,410
Investments	0
Cash and cash equivalents	378,704
Restricted cash	0
Derivative assets	0
Other assets	1,967
Total assets	380,671
Debt	100,000
Other liabilities	66,497
Total liabilities	166,497
Total equity	214,174
Noncontrolling interests in equity of consolidated subsidiaries	0
Total New Residential stockholders’ equity	214,174
Investments in equity method investees	$0

INVESTMENTS_IN_EXCESS_MORTGAGE4

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) (Excess MSRs [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Carrying Value of Investments in Excess MSRs
Beginning balance	$417,733	[1],[2]
Transfers from indirect ownership	98,258
Purchases	26,479
Interest income	15,037
Other income	730
Proceeds from repayments	-29,814
Change in fair value	-1,761
Ending balance	526,662	[1],[2]
Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	409,076
Transfers from indirect ownership	98,258
Purchases	26,479
Interest income	14,856
Other income	730
Proceeds from repayments	-29,544
Change in fair value	-1,472
Ending balance	518,383
SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	8,657	[3]
Transfers from indirect ownership	0	[3]
Purchases	0	[3]
Interest income	181	[3]
Other income	0	[3]
Proceeds from repayments	-270	[3]
Change in fair value	-289	[3]
Ending balance	$8,279	[3]
[1]	Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[2]	Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2015 (Note 6).
[3]	Specialized Loan Servicing LLC (“SLS”). See Note 6 for a description of the SLS Transaction.

INVESTMENTS_IN_EXCESS_MORTGAGE5

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Investment [Line Items]
Weighted Average Life (Years)	10 months 2 days
Change in fair value of investments in excess mortgage servicing rights	($1,761)		$6,602
Original and Recaptured Pools [Member]
Investment [Line Items]
Change in fair value of investments in excess mortgage servicing rights	-1,976		7,088
Recapture Agreements [Member]
Investment [Line Items]
Change in fair value of investments in excess mortgage servicing rights	215		-486
Excess MSRs [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	163,572,436	[1]
Weighted Average Life (Years)	5 years 9 months	[1],[2]
Amortized Cost Basis	418,902	[1],[3]
Carrying Value	526,662	[1],[4]		417,733	[1],[4]
Excess MSRs [Member] | Agency [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	54,829,877
Weighted Average Life (Years)	6 years 3 months 20 days	[2]
Amortized Cost Basis	171,036	[3]
Carrying Value	238,979	[4]		217,519	[4]
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	54,829,877
Weighted Average Life (Years)	5 years 10 months 24 days	[2]
Amortized Cost Basis	161,109	[3]
Carrying Value	209,114	[4]		188,733	[4]
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	0
Weighted Average Life (Years)	12 years 10 months 18 days	[2]
Amortized Cost Basis	9,927	[3]
Carrying Value	29,865	[4]		28,786	[4]
Excess MSRs [Member] | Non-Agency [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	108,742,559	[1]
Weighted Average Life (Years)	5 years 4 months 13 days	[1],[2]
Amortized Cost Basis	247,866	[1],[3]
Carrying Value	287,683	[1],[4]		200,214	[1],[4]
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	108,742,559	[1]
Weighted Average Life (Years)	4 years 10 months 26 days	[1],[2]
Amortized Cost Basis	231,228	[1],[3]
Carrying Value	270,365	[1],[4]		189,812	[1],[4]
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	0	[1]
Weighted Average Life (Years)	11 years 9 months 16 days	[1],[2]
Amortized Cost Basis	16,638	[1],[3]
Carrying Value	17,318	[1],[4]		10,402	[1],[4]
Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	32.50%
Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	66.70%
Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	80.00%	[1]
Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	80.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	50.00%	[1]
Fortress [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	50.00%	[1]
Nationstar [Member] | Excess MSRs [Member]
Investment [Line Items]
Carrying Value	$518,383			$409,076
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Nationstar [Member] | Excess MSRs [Member] | Lower Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	0.00%	[1]
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	35.00%
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	35.00%
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
Nationstar [Member] | Excess MSRs [Member] | Upper Range [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
Interest in Excess MSR	33.30%	[1]
[1]	Excess MSR investments in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2015 (Note 6).
[2]	Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[3]	The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[4]	Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.

INVESTMENTS_IN_EXCESS_MORTGAGE6

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Narrative (Details) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Jan. 16, 2015
Excess MSRs Investees [Member]
Investment [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	84,000,746,000
Excess MSRs Investees [Member] | MSRs [Member]
Investment [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.60%
Excess MSRs [Member]
Investment [Line Items]
Purchase of servicer advance investments		23,800,000
Unpaid Principal Balance (“UPB”) of Underlying Mortgages		$8,400,000,000
Freddie Mac [Member] | Excess MSRs [Member]
Investment [Line Items]
Percentage of Excess MSRs acquired		33.30%

INVESTMENTS_IN_EXCESS_MORTGAGE7

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investments in Excess MSRs (Details) (Mortgage Loans [Member], MSRs [Member])	Mar. 31, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	100.00%	100.00%
California [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	33.00%	31.50%
Florida [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	9.30%	7.70%
New York [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.90%	4.30%
Maryland [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.80%	4.00%
Texas [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.60%	4.20%
New Jersey [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.50%	3.20%
Virginia [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.20%	3.30%
Illinois [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.20%	3.20%
Washington [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.20%	3.60%
Arizona [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	2.70%	3.20%
Other U.S. [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	29.60%	31.80%

INVESTMENTS_IN_EXCESS_MORTGAGE8

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details) (Excess MSRs Investees [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Excess MSR assets	$440,714		$653,293
Other assets	9,508		8,472
Other liabilities	0		-13
Equity	450,222		661,752
New Residential’s investment	225,111		330,876
New Residential’s ownership	50.00%		50.00%
Interest income	11,701	18,493
Other income (loss)	-1,835	-5,705
Expenses	-25	-40
Net income	$9,841	$12,748

INVESTMENTS_IN_EXCESS_MORTGAGE9

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees - Roll Forward (Details) (Recurring Basis [Member], Level 3 [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Recurring Basis [Member] | Level 3 [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balance	$330,876
Contributions to equity method investees	0
Transfers to direct ownership	-98,258
Distributions of earnings from equity method investees	-12,226
Distributions of capital from equity method investees	-202
Change in fair value of investments in equity method investees	4,921
Ending balance	$225,111

Recovered_Sheet1

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	10 months 2 days
Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	84,000,746
New Residential Interest in Investees	50.00%		50.00%
Amortized Cost Basis	351,935	[1]
Carrying Value	440,714	[2]
Agency [Member] | Excess MSRs Investees [Member]
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)	6 years 7 months 19 days	[3]
Agency [Member] | Excess MSRs Investees [Member] | Original and Recaptured Pools [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	84,000,746
Investee Interest in Excess MSR	66.70%	[4]
New Residential Interest in Investees	50.00%
Amortized Cost Basis	289,745	[1]
Carrying Value	358,909	[2]
Weighted Average Life (Years)	5 years 6 months 15 days	[3]
Agency [Member] | Excess MSRs Investees [Member] | Recapture Agreements [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	0
Investee Interest in Excess MSR	66.70%	[4]
New Residential Interest in Investees	50.00%
Amortized Cost Basis	62,190	[1]
Carrying Value	81,805	[2]
Weighted Average Life (Years)	11 years 8 months 23 days	[3]
[1]	Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[2]	Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[3]	The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.
[4]	The remaining interests are held by Nationstar.

Recovered_Sheet2

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Footnote) (Details) (Excess MSRs Investees [Member])	Mar. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
New Residential Interest in Investees	50.00%	50.00%
MSRs [Member]
Schedule of Equity Method Investments [Line Items]
New Residential Interest in Investees	50.00%

Recovered_Sheet3

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Narrative (Details) (Excess MSRs Investees [Member], MSRs [Member])	3 Months Ended
	Mar. 31, 2015
Excess MSRs Investees [Member] | MSRs [Member]
Schedule of Equity Method Investments [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.60%

Recovered_Sheet4

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Excess MSR Investments made through Equity Method Investees (Details) (Mortgage Loans [Member], Excess MSRs Investees [Member])	Mar. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	100.00%	100.00%
California [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	13.10%	23.50%
Florida [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	7.40%	8.90%
Texas [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	6.10%	4.80%
Georgia [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	5.60%	4.10%
New York [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	5.50%	5.60%
New Jersey [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.10%	3.90%
Illinois [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.00%	3.50%
Virginia [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.20%	3.20%
Maryland [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.20%	3.30%
Pennsylvania [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.00%	2.30%
Other U.S. [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	44.80%	36.90%

INVESTMENTS_IN_SERVICER_ADVANC2

INVESTMENTS IN SERVICER ADVANCES - Narrative (Details) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Jan. 31, 2015	Jan. 16, 2015	Mar. 26, 2015	Mar. 19, 2015	Feb. 27, 2015
			securitized_trust
Investment [Line Items]
Servicer advances, net of recoveries	$200,000,000
Notes payables outstanding	200,000,000
Call rights	3,828,000	3,728,000	3,728,000	3,728,000
Nationstar [Member]
Investment [Line Items]
Servicer basic fee	9.20%
Performance fee percent	100.00%
SLS [Member]
Investment [Line Items]
Servicing fee basis points	0.11%
Fortress [Member]
Investment [Line Items]
Excess MSR purchases		93,800,000	229,700,000
Service advances and fees		83,800,000	83,800,000	83,800,000	133,800,000
Financed service advances		74,300,000	74,300,000	74,300,000	121,200,000
Call rights		1,600,000	1,600,000	1,600,000
Number of securitized trusts		57	57	57
Servicer Advance Joint Venture [Member]
Investment [Line Items]
Servicer advances, net of recoveries	2,900,000,000
Notes payables outstanding	2,700,000,000
New Residential’s ownership	44.50%
Funded capital commitments	312,700,000
Servicer Advance Joint Venture [Member] | Noncontrolling Third-party Investors [Member]
Investment [Line Items]
Funded capital commitments	389,600,000
Advance Purchaser LLC [Member]
Investment [Line Items]
Capital distributed to third-party co-investors	238,400,000
Capital distributed to New Residential	188,300,000
Excess MSRs [Member]
Investment [Line Items]
Unpaid Principal Balance						8,400,000,000
Excess MSRs [Member] | SLS [Member]
Investment [Line Items]
Percentage of Excess MSRs acquired		50.00%	50.00%	50.00%
Excess MSRs [Member] | Fortress [Member]
Investment [Line Items]
Percentage of Excess MSRs acquired		50.00%	50.00%	50.00%
Percentage of additional Excess MSRs acquired		50.00%	50.00%	50.00%
Excess MSR purchases		8,400,000
Servicer Advances and Fees [Member] | Fortress [Member]
Investment [Line Items]
Excess MSR purchases		135,900,000
Call rights					2,100,000
Residential Mortgage [Member]
Investment [Line Items]
Unpaid Principal Balance							6,400,000	176,500,000	135,200,000
Residential Mortgage [Member] | SLS [Member]
Investment [Line Items]
Unpaid Principal Balance		3,000,000,000	3,000,000,000	3,000,000,000
Total advance commitments				219,200,000
Debt		$195,500,000	$195,500,000	$195,500,000
Maximum [Member] | Fortress [Member]
Investment [Line Items]
Number of securitized trusts		99	99	99

INVESTMENTS_IN_SERVICER_ADVANC3

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances (Details) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Investments in and Advances to Affiliates [Line Items]
Carrying Value	$3,245,457			$3,270,839
Servicer Advance Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	3,168,909			3,186,622
Carrying Value	3,245,457	[1]		3,270,839	[1]
Weighted Average Discount Rate	5.40%			5.40%
Weighted Average Life (Years)	3 years 11 months 10 days	[2]		4 years	[2]
Changes in Fair Value Recorded in Other Income	($7,669)		$0
[1]	Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
[2]	Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment.

INVESTMENTS_IN_SERVICER_ADVANC4

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Additional Information (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Investments in and Advances to Affiliates [Line Items]
Carrying Value	$3,245,457		$3,270,839
Servicer Advance Joint Venture [Member]
Investments in and Advances to Affiliates [Line Items]
Carrying Value	3,245,457	[1]	3,270,839	[1]
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investments in and Advances to Affiliates [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages	92,159,246	[2]	96,547,773	[2]
Carrying Value	3,068,306	[2]	3,102,492	[2]
Servicer Advances to UPB of Underlying Residential Mortgage Loans	3.30%	[2]	3.20%	[2]
Carrying Value of Notes Payable	$2,875,412	[2]	$2,890,230	[2]
Gross Loan-to-Value	91.50%	[2]	91.40%	[2]
Net Loan-to-Value	90.60%	[2],[3]	90.40%	[2],[3]
Gross Cost of Funds	2.60%	[2],[4]	3.00%	[2],[4]
Net Cost of Funds	2.20%	[2],[4]	2.30%	[2],[4]
[1]	Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
[2]	The following types of advances comprise the investments in servicer advances: March 31, 2015December 31, 2014Principal and interest advances$737,845$729,713Escrow advances (taxes and insurance advances)1,514,8481,600,713Foreclosure advances815,613772,066 Total$3,068,306$3,102,492
[3]	Ratio of face amount of borrowings to par amount of servicer advance collateral, net of an interest reserve maintained by the Buyer.
[4]	Annualized measure of the cost associated with borrowings. Gross Cost of Funds primarily includes interest expense and facility fees. Net Cost of Funds excludes facility fees.

INVESTMENTS_IN_SERVICER_ADVANC5

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Investment [Line Items]
Total	$3,245,457		$3,270,839
Servicer Advance Joint Venture [Member]
Investment [Line Items]
Total	3,245,457	[1]	3,270,839	[1]
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
Principal and interest advances	737,845		729,713
Escrow advances (taxes and insurance advances)	1,514,848		1,600,713
Foreclosure advances	815,613		772,066
Total	$3,068,306	[2]	$3,102,492	[2]
[1]	Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.
[2]	The following types of advances comprise the investments in servicer advances: March 31, 2015December 31, 2014Principal and interest advances$737,845$729,713Escrow advances (taxes and insurance advances)1,514,8481,600,713Foreclosure advances815,613772,066 Total$3,068,306$3,102,492

INVESTMENTS_IN_SERVICER_ADVANC6

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Investment [Line Items]
Interest income from investments in servicer advances	$84,373	$71,490
Servicer Advance Investments [Member]
Investment [Line Items]
Interest income, gross of amounts attributable to servicer compensation	63,357	67,138
Amounts attributable to base servicer compensation	-6,601	-6,280
Amounts attributable to incentive servicer compensation	-14,407	-15,142
Interest income from investments in servicer advances	$42,349	$45,716

INVESTMENTS_IN_SERVICER_ADVANC7

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Servicer Advance Joint Venture [Member]
Investment [Line Items]
New Residential’s investment	$445,041				$457,545
Others’ ownership interest	44.50%
Net income in joint venture	10,496		13,511
Others [Member]
Investment [Line Items]
New Residential’s investment	246,899				253,836
Others’ ownership interest	55.50%				55.50%
Net income in joint venture	$5,823		$8,093
Others' ownership interest as a percent of total	55.50%	[1]	59.90%	[1]
[1]	As a result, New Residential owned 44.5% and 40.1% of the Buyer, on average during the three months ended March 31, 2015 and 2014, respectively.

INVESTMENTS_IN_SERVICER_ADVANC8

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Footnote) (Details) (Others [Member])	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Others [Member]
Investment [Line Items]
Average ownership percentage	44.50%	40.10%

INVESTMENTS_IN_REAL_ESTATE_SEC2

INVESTMENTS IN REAL ESTATE SECURITIES - Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Purchase of Non-Agency RMBS	$26,649,000	$1,038,721,000
Other-than-temporary impairment (OTTI) losses	1,100,000
Real estate securities acquired during the period with credit quality deterioration, face amount	36,400,000
Real estate securities acquired during the period with credit quality deterioration, expected cash flows	45,500,000
Real estate securities acquired during the period with credit quality deterioration, fair value	21,900,000
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities purchased	257,800,000
Purchase of Non-Agency RMBS	222,100,000
Face amount of securities sold	441,100,000
Amortized cost basis of securities sold	385,900,000
Proceeds from sale of real estate securities	389,700,000
Gain (loss) on sale of debt investments	3,800,000
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities purchased	979,800,000
Purchase of Non-Agency RMBS	1,000,000,000
Face amount of securities sold	1,000,000,000
Amortized cost basis of securities sold	1,040,000,000
Proceeds from sale of real estate securities	1,060,000,000
Gain (loss) on sale of debt investments	$20,900,000

INVESTMENTS_IN_REAL_ESTATE_SEC3

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	$3,396,295
Amortized Cost Basis	2,307,696
Carrying Value	2,324,915		2,463,163
Weighted Average Life (Years)	10 months 2 days
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,575,759	[1],[2]
Amortized Cost Basis	1,659,781	[1],[2]
Gross Unrealized Gains	7,510	[1],[2]
Gross Unrealized Losses	-2,295	[1],[2]
Carrying Value	1,664,996	[1],[2],[3]	1,740,163	[1],[2]
Number of Securities	102	[1],[2]
Weighted Average Rating	AAA	[1],[2],[4]
Weighted Average Coupon	3.11%	[1],[2]
Weighted Average Yield	2.18%	[1],[2]
Weighted Average Life (Years)	5 years 4 months 21 days	[1],[2],[5]
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,820,536	[6],[7],[8]
Amortized Cost Basis	647,915	[6],[7],[8]
Gross Unrealized Gains	14,641	[6],[8]
Gross Unrealized Losses	-2,637	[6],[8]
Carrying Value	659,919	[3],[6],[8]	723,000	[6],[8]
Number of Securities	137	[6],[8]
Weighted Average Rating	BBB-	[4],[6],[8]
Weighted Average Coupon	0.76%	[6],[8]
Weighted Average Yield	5.74%	[6],[8]
Weighted Average Life (Years)	9 years 8 months 6 days	[5],[6],[8]
Weighted Average Principal Subordination	26.00%	[6],[8],[9]
Other ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	984,460
Amortized Cost Basis	56,414
Gross Unrealized Gains	829
Gross Unrealized Losses	-1,119
Carrying Value	56,124
Number of Securities	8
Weighted Average Rating	AA+
Weighted Average Coupon	1.98%
Weighted Average Yield	8.65%
Weighted Average Life (Years)	4 years 3 days
Weighted Average Principal Subordination	0.00%
Investments in Real Estate Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	3,396,295
Amortized Cost Basis	2,307,696
Gross Unrealized Gains	22,151
Gross Unrealized Losses	-4,932
Carrying Value	$2,324,915	[3]	$2,463,163
Number of Securities	239
Weighted Average Rating	AA-	[4]
Weighted Average Coupon	2.45%
Weighted Average Yield	3.18%
Weighted Average Life (Years)	6 years 7 months 5 days	[5]
[1]	Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
[2]	The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.
[3]	Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value.
[4]	Represents the weighted average of the ratings of all securities in each asset type, expressed as an S&P equivalent rating. This excludes the ratings of the collateral underlying 20 bonds which either have never been rated or for which rating information is no longer provided. For each security rated by multiple rating agencies, the lowest rating is used. New Residential used an implied AAA rating for the Agency RMBS. Ratings provided were determined by third party rating agencies, and represent the most recent credit ratings available as of the reporting date and may not be current.
[5]	The weighted average life is based on the timing of expected principal reduction on the assets.
[6]	The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.
[7]	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[8]	Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationOther ABS $984,460 $56,414 $829 $(1,119) $56,124 8 AA+ 1.98% 8.65% 4.0 —%
[9]	Percentage of the outstanding face amount of securities that is subordinate to New Residential’s investments.

INVESTMENTS_IN_REAL_ESTATE_SEC4

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Footnote) (Details) (USD $)	Mar. 31, 2015
	bond
Schedule of Available-for-sale Securities [Line Items]
Number of bonds which New Residential was unable to obtain rating information	20
Outstanding face amount	$3,396,295,000
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	1,575,759,000	[1],[2]
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	1,820,536,000	[3],[4],[5]
Other ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	984,460,000
Percent of other RMBS representing carrying value of Non-Agency RMBS portfolio	8.50%
Fixed Rate Residential Mortgage [Member] | Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	979,800,000
Fixed Rate Residential Mortgage [Member] | Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	1,200,000,000
Residual and interest - only notional amount	927,500,000
Floating Rate Residential Mortgage [Member] | Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	595,900,000
Floating Rate Residential Mortgage [Member] | Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding face amount	654,000,000
Residual and interest - only notional amount	$101,100,000
[1]	Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
[2]	The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.
[3]	The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.
[4]	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[5]	Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationOther ABS $984,460 $56,414 $829 $(1,119) $56,124 8 AA+ 1.98% 8.65% 4.0 —%

INVESTMENTS_IN_REAL_ESTATE_SEC5

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	$3,396,295
Other Than Temporary Impairment - Amortized Cost Basis	-1,970		-1,127
After Impairment	2,307,696
Carrying Value - Total	2,324,915
Weighted Average Life (Years)	10 months 2 days
Securities in an Unrealized Loss Position Less than Twelve Months [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,297,224
Before Impairment - Amortized Cost Basis	494,733
Other Than Temporary Impairment - Amortized Cost Basis	-1,071	[1]
After Impairment	493,662
Gross Unrealized Losses - Less than Twelve Months	-3,202
Carrying Value - Less than Twelve Months	490,460
Number of Securities - Less than Twelve Months	70
Weighted Average Rating	AA-	[2]
Weighted Average Coupon	1.37%
Weighted Average Yield	2.20%
Weighted Average Life (Years)	7 years 2 months 19 days
Securities in an Unrealized Loss Position Twelve Months or Greater [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	128,605
Before Impairment - Amortized Cost Basis	123,794
Other Than Temporary Impairment - Amortized Cost Basis	0	[1]
After Impairment	123,794
Gross Unrealized Losses - Twelve or More Months	-1,730
Carrying Value - Twelve or More Months	122,064
Number of Securities - Twelve or More Months	22
Weighted Average Rating	AA+	[2]
Weighted Average Coupon	2.39%
Weighted Average Yield	1.96%
Weighted Average Life (Years)	4 years 5 months 1 day
Securities in a Loss Position [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,425,829
Before Impairment - Amortized Cost Basis	618,527
Other Than Temporary Impairment - Amortized Cost Basis	-1,071	[1]
After Impairment	617,456
Gross Unrealized Losses - Total	-4,932
Carrying Value - Total	$612,524
Number of Securities - Total	92
Weighted Average Rating	AA	[2]
Weighted Average Coupon	1.57%
Weighted Average Yield	2.15%
Weighted Average Life (Years)	6 years 7 months 27 days
[1]	This amount represents other-than-temporary impairment recorded on securities that are in an unrealized loss position as of March 31, 2015.
[2]	The weighted average rating of securities in an unrealized loss position for less than twelve months excludes the rating of 20 bonds which either have never been rated or for which rating information is no longer provided.

INVESTMENTS_IN_REAL_ESTATE_SEC6

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Footnote) (Details)	Mar. 31, 2015
	bond
Investments, Debt and Equity Securities [Abstract]
Number of bonds which New Residential was unable to obtain rating information	20

INVESTMENTS_IN_REAL_ESTATE_SEC7

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Securities Intended To Sell [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$0	[1]
Amortized Cost Basis After Impairment	0	[1]
Unrealized Credit Losses	0	[1],[2]
Unrealized Non-Credit Losses	0	[1],[3]
Securities More Likely Than Not Required to be Sold [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	0	[4]
Amortized Cost Basis After Impairment	0	[4]
Unrealized Credit Losses	0	[2],[4]
Securities No Intent To Sell - Credit Impaired [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	107,612
Amortized Cost Basis After Impairment	108,440
Unrealized Credit Losses	-1,071	[2]
Unrealized Non-Credit Losses	-828	[3]
Securities No Intent To Sell - Non-Credit Impaired [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	504,912
Amortized Cost Basis After Impairment	509,016
Unrealized Credit Losses	0	[2]
Unrealized Non-Credit Losses	-4,104	[3]
Securities in an Unrealized Loss Position [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	612,524
Amortized Cost Basis After Impairment	617,456
Unrealized Credit Losses	-1,071	[2]
Unrealized Non-Credit Losses	($4,932)	[3]
[1]	A portion of securities New Residential intends to sell have a fair value equal to their amortized cost basis after impairment and, therefore, do not have unrealized losses reflected in other comprehensive income as of March 31, 2015.
[2]	This amount is required to be recorded as other-than-temporary impairment through earnings. In measuring the portion of credit losses, New Residential’s management estimates the expected cash flow for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include management’s expectations of prepayment speeds, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment’s effective interest rate.
[3]	This amount represents unrealized losses on securities that are due to non-credit factors and recorded through other comprehensive income.
[4]	New Residential may, at times, be more likely than not to be required to sell certain securities for liquidity purposes. While the amount of the securities to be sold may be an estimate, and the securities to be sold have not yet been identified, New Residential must make its best estimate, which is subject to significant judgment regarding future events, and may differ materially from actual future sales.

INVESTMENTS_IN_REAL_ESTATE_SEC8

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Footnote) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Unrealized losses reflected in other comprehensive income	$0

INVESTMENTS_IN_REAL_ESTATE_SEC9

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$1,127
Increases to credit losses on securities for which an OTTI was previously recognized and a portion of an OTTI was recognized in other comprehensive income	6
Additions for credit losses on securities for which an OTTI was not previously recognized	1,065
Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis	0
Reduction for credit losses on securities for which no OTTI was recognized in other comprehensive income at the current measurement date	0
Reduction for securities sold during the period	-228
Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$1,970

Recovered_Sheet5

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	$3,396,295
Non-Agency RMBS Excluding Other ABS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	1,820,536		1,896,150
Percentage of Total Outstanding	100.00%		100.00%
Non-Agency RMBS Excluding Other ABS [Member] | Western U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	614,391		779,930
Percentage of Total Outstanding	33.60%		41.10%
Non-Agency RMBS Excluding Other ABS [Member] | Southeastern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	479,970		409,755
Percentage of Total Outstanding	26.40%		21.60%
Non-Agency RMBS Excluding Other ABS [Member] | Northeastern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	327,308		344,716
Percentage of Total Outstanding	18.00%		18.20%
Non-Agency RMBS Excluding Other ABS [Member] | Midwestern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	160,246		190,480
Percentage of Total Outstanding	8.80%		10.00%
Non-Agency RMBS Excluding Other ABS [Member] | Southwestern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	238,127		170,829
Percentage of Total Outstanding	13.10%		9.00%
Non-Agency RMBS Excluding Other ABS [Member] | Other U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	$494	[1]	$440	[1]
Percentage of Total Outstanding	0.10%	[1]	0.10%	[1]
[1]	Represents collateral for which New Residential was unable to obtain geographic information.

Recovered_Sheet6

INVESTMENTS IN REAL ESTATE SECURITIES - Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]
Outstanding Face Amount	$234,289	$536,342
Carrying Value	$147,137	$414,298

Recovered_Sheet7

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Changes in Accretable Yield for Securities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Certain Loans Acquired in Transfer Accounted for as Available-for-sale Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance, beginning	$181,671
Additions	23,599
Accretion	-4,321
Reclassifications from (to) non-accretable difference	-3,605
Disposals	-100,536
Balance, ending	$96,808

INVESTMENTS_IN_RESIDENTIAL_MOR2

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Narrative (Details) (USD $)	3 Months Ended		1 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2013	Mar. 26, 2015	Mar. 19, 2015	Feb. 27, 2015	Mar. 27, 2015	Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]
Gain (loss) on sale of residential mortgage loans, net	$20,830,000	$0
Threshold period past due	30 days
Real Estate Owned assets total	15,200,000
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying value of mortgage loans	23,294,000							24,965,000
Interest in reverse mortgage loans	70.00%		70.00%
PCI residential mortgage loans in the process of foreclosure, unpaid principal balance	300,000
Residential Mortgage [Member]
Mortgage Loans on Real Estate [Line Items]
PCI residential mortgage loans in the process of foreclosure, unpaid principal balance	204,800,000
Residential Mortgage [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages				6,400,000	176,500,000	135,200,000
Carrying value of mortgage loans				5,100,000	142,100,000	102,400,000
Sale price of mortgage loans				5,300,000	148,600,000	102,800,000
Gain (loss) on sale of residential mortgage loans, net				200,000	6,500,000	400,000
Residential Mortgage and Real Estate Owned [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance (“UPB”) of Underlying Mortgages							469,600,000
Carrying value of mortgage loans							362,000,000
Sale price of mortgage loans							373,000,000
Gain (loss) on sale of residential mortgage loans, net							$11,000,000
Nationstar [Member]
Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans			30.00%

INVESTMENTS_IN_RESIDENTIAL_MOR3

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
	loan
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	10 months 2 days
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	$42,306	[1],[2]
Carrying Value	23,294	[1],[2]	24,965	[1],[2]
Loan Count	182	[1],[2]
Weighted Average Yield	10.00%	[1],[2]
Weighted Average Life (Years)	4 years 15 days	[1],[2],[3]
Floating Rate Loans as a % of Face Amount	21.40%	[1],[2]
Loan to Value Ratio	109.60%	[1],[2],[4]
Weighted Average Delinquency	78.20%	[1],[2],[5]
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	23,548	[6]
Carrying Value	21,673	[6]	22,873	[6]
Loan Count	709	[6]
Weighted Average Yield	8.70%	[6]
Weighted Average Life (Years)	5 years 9 months 20 days	[3],[6]
Floating Rate Loans as a % of Face Amount	17.90%	[6]
Loan to Value Ratio	79.60%	[4],[6]
Weighted Average Delinquency	0.30%	[5],[6]
Weighted Average FICO	620	[6],[7]
Residential Mortgage Loans Held-for-Investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	65,854
Carrying Value	44,967		47,838
Loan Count	891
Weighted Average Yield	9.60%
Weighted Average Life (Years)	4 years 8 months 2 days	[3]
Floating Rate Loans as a % of Face Amount	19.40%
Loan to Value Ratio	98.50%	[4]
Weighted Average Delinquency	53.00%	[5]
Weighted Average FICO	620	[7]
Performing Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	268,731	[6]
Carrying Value	270,407	[6]	388,485	[6]
Loan Count	4,832	[6]
Weighted Average Yield	4.90%	[6]
Weighted Average Life (Years)	6 years 11 months 13 days	[3],[6]
Floating Rate Loans as a % of Face Amount	27.60%	[6]
Loan to Value Ratio	82.10%	[4],[6]
Weighted Average Delinquency	0.00%	[5],[6]
Weighted Average FICO	621	[6],[7]
Purchase Credit Impaired Loans, Held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	300,598	[8]
Carrying Value	229,767	[8]	737,954	[8]
Loan Count	2,133	[8]
Weighted Average Yield	5.90%	[8]
Weighted Average Life (Years)	2 years 4 months 20 days	[3],[8]
Floating Rate Loans as a % of Face Amount	32.40%	[8]
Loan to Value Ratio	105.90%	[4],[8]
Weighted Average Delinquency	87.40%	[5],[8]
Weighted Average FICO	547	[7],[8]
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	569,329
Carrying Value	$500,174		$1,126,439
Loan Count	6,965
Weighted Average Yield	5.40%
Weighted Average Life (Years)	4 years 6 months 15 days	[3]
Floating Rate Loans as a % of Face Amount	30.10%
Loan to Value Ratio	94.70%	[4]
Weighted Average Delinquency	46.20%	[5]
Weighted Average FICO	582	[7]
[1]	Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 76% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.
[2]	FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[3]	The weighted average life is based on the expected timing of the receipt of cash flows.
[4]	LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
[5]	Represents the percentage of the total principal balance that are 60+ days delinquent.
[6]	Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $0.7 million.
[7]	The weighted average FICO score is based on the weighted average of information updated and provided by the loan servicer on a monthly basis.
[8]	Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments. As of March 31, 2015, New Residential has placed all of these loans on nonaccrual status.

INVESTMENTS_IN_RESIDENTIAL_MOR4

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Footnote) (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2013	Mar. 31, 2015
Mortgage Loans on Real Estate [Line Items]
Threshold period past due		30 days
Net unamortized discounts and premiums		$0.70
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	70.00%	70.00%
Total unpaid principal balance		$0.30
Percentage of loans that have reached a termination event		76.00%
Maximum [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Threshold period past due		30 days

INVESTMENTS_IN_RESIDENTIAL_MOR5

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans (Details) (Residential Mortgage Loans Held-for-Investment [Member])	Mar. 31, 2015	Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	100.00%	100.00%
New York [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	11.20%	12.20%
California [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	9.00%	15.00%
Florida [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	7.10%	6.30%
New Jersey [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	5.50%	7.00%
Georgia [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.80%	3.60%
Texas [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.70%	4.10%
Pennsylvania [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.70%	3.90%
North Carolina [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.60%	3.00%
Ohio [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.40%	3.10%
Illinois [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.10%	4.40%
Other U.S. [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	39.90%	37.40%

INVESTMENTS_IN_RESIDENTIAL_MOR6

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Past Due Information for Performing Loans (Details) (Delinquency Status [Member])	Mar. 31, 2015
Delinquency Status [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	86.10%	[1]
30-59	13.90%	[1]
60-89	0.00%	[1]
90-119	0.00%	[1],[2]
120 and greater	0.00%	[1],[3]
Total Loans	100.00%	[1]
[1]	Represents the percentage of the total principal balance that corresponds to loans that are in each delinquency status.
[2]	Includes loans 90-119 days past due and still accruing because they are generally placed on nonaccrual status at 120 days or more past due.
[3]	Represents nonaccrual loans.

INVESTMENTS_IN_RESIDENTIAL_MOR7

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Past Due Information for Performing Loans (Footnote) (Details)	3 Months Ended
	Mar. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Threshold period past due	30 days
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Threshold period past due	120 days
Lower Range [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Threshold period past due	90 days
Upper Range [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Threshold period past due	119 days

INVESTMENTS_IN_RESIDENTIAL_MOR8

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Reverse Mortgage Loans and Performing Loans and PCI Loans Held for Investment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Reverse Mortgage Loans [Member]
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	$24,965
Purchases/additional fundings	340
Proceeds from repayments	0
Accretion of loan discount (premium) and other amortization	1,274
Provision for loan losses	-202
Transfer of loans to other assets	-2,720
Transfer of loans to real estate owned	-363
Transfer of loans to held-for-sale	0
Reversal of valuation provision on loans transferred to other assets	0
Balance, ending	23,294
Performing Loans [Member]
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	22,873
Purchases/additional fundings	0
Proceeds from repayments	-854
Accretion of loan discount (premium) and other amortization	-228
Provision for loan losses	-118
Transfer of loans to other assets	0
Transfer of loans to real estate owned	0
Transfer of loans to held-for-sale	0
Reversal of valuation provision on loans transferred to other assets	0
Balance, ending	$21,673

INVESTMENTS_IN_RESIDENTIAL_MOR9

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) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Reverse Mortgage Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning, balance	$1,518
Allowance for loan losses	202	[1]
Charge-offs	0	[2]
Reversal of valuation provision on loans transferred to other assets	0
Ending, balance	1,720
Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning, balance	1,447
Allowance for loan losses	118	[1]
Charge-offs	-1,371	[2]
Reversal of valuation provision on loans transferred to other assets	0
Ending, balance	$194
[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 PCI 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.

Recovered_Sheet8

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Loans Held-for-sale, Reconciliation [Roll Forward]
Adoption of ASU No. 2014-11	($2,310)
Loans Held-for-sale [Member]
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	1,126,439
Purchases	0	[1]
Sales	-606,155
Transfer of loans to real estate owned	-15,417
Proceeds from repayments	-5,682
Valuation provision on loans	-842	[2]
Ending balance, loans held-for-sale	500,174
Accounting Standards Update 2014-11 [Member]
Loans Held-for-sale, Reconciliation [Roll Forward]
Adoption of ASU No. 2014-11	-85,955		0
Accounting Standards Update 2014-11 [Member] | Loans Held-for-sale [Member]
Loans Held-for-sale, Reconciliation [Roll Forward]
Adoption of ASU No. 2014-11	$1,831	[3]
[1]	Represents loans acquired with the intent to sell.
[2]	Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans.
[3]	Represents loans financed with the selling counterparty that were previously accounted for as linked transactions.

INVESTMENTS_IN_CONSUMER_LOANS_2

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Narrative (Details) (USD $)	0 Months Ended	3 Months Ended		12 Months Ended
	Oct. 03, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Apr. 30, 2013
Schedule of Equity Method Investments [Line Items]
Refinanced outstanding asset-backed notes	$2,600,000,000
Proceeds from refinancing asset backed notes	337,800,000
Basis in consumer loans investment	0
Gain on consumer loans investment	80,100,000	10,447,000	0
Blackstone Tactical Opportunities Advisors LLC [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of portfolio co-invested by other parties					23.00%
Consumer Loan Companies [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of portfolio financed by other parties					73.00%
Springleaf [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of portfolio co-invested by other parties					47.00%
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in equity method investees		30.00%	30.00%	30.00%	30.00%
Percentage of portfolio co-invested by other parties					70.00%
Distributions in excess to New Residential				$10,400,000

INVESTMENTS_IN_CONSUMER_LOANS_3

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of the Investment in Consumer Loan Companies (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Apr. 30, 2013
Schedule of Equity Method Investments [Line Items]
New Residential’s investment	$0		$0
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Consumer loan assets (amortized cost basis)	1,981,271		2,088,330
Other assets	92,028		92,051
Debt	-2,282,438		-2,411,421
Other liabilities	-5,854		-12,340
Equity	-214,993		-243,380
New Residential’s investment	0		0
New Residential’s ownership	30.00%	30.00%	30.00%	30.00%
Interest income	121,869	142,815
Interest expense	-23,107	-22,195
Provision for finance receivable losses	-19,636	-34,156
Other expenses, net	-15,964	-20,452
Change in fair value of debt	0	-16,867
Net income	63,162	49,145
New Residential’s equity in net income (through October 3, 2014)	$0	$16,360

INVESTMENTS_IN_CONSUMER_LOANS_4

INVESTMENTS IN CONSUMER LOANS, EQUITY METHOD INVESTEES - Summary of Consumer Loan Investments made through Equity Method Investees (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Weighted Average Expected Life (Years)	10 months 2 days
Consumer Loan Investees [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	$2,460,743	[1]	$2,589,748	[1]
New Residential Interest in Investees	30.00%		30.00%
Carrying value	$1,981,271	[2]	$2,088,330	[2]
Weighted Average Coupon	18.20%	[3]	18.10%	[3]
Weighted Average Yield	16.30%		16.10%
Weighted Average Expected Life (Years)	3 years 7 months 19 days	[4]	3 years 7 months 19 days	[4]
[1]	Represents the February 28, 2015 and November 30, 2014 balances, respectively.
[2]	Represents the carrying value of the consumer loans held by the Consumer Loan Companies.
[3]	Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.
[4]	Weighted Average Expected Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.

DERIVATIVES_Narrative_Details

DERIVATIVES - Narrative (Details) (USD $)	Jan. 01, 2015	Mar. 31, 2015		Dec. 31, 2014
Derivative [Line Items]
Carrying amount of derivatives	$32,400,000
TBAs [Member]
Derivative [Line Items]
Derivative asset, notional amount		980,000,000	[1]	1,234,000,000	[1]
Residential Mortgage [Member]
Derivative [Line Items]
Secured borrowings	1,800,000
Residential Mortgage [Member] | Non-agency RMBS Repurchase Agreements [Member]
Derivative [Line Items]
Secured borrowings	116,800,000
Repurchase Agreements [Member]
Derivative [Line Items]
Secured borrowings	86,000,000
Other Liabilities [Member]
Derivative [Line Items]
Secured borrowings	200,000
Short [Member]
Derivative [Line Items]
Derivative asset, notional amount		$980,000,000
[1]	Represents the notional amount of Agency RMBS, classified as derivatives.

DERIVATIVES_Schedule_of_Deriva

DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative [Line Items]
Derivative assets	$71		$32,597
Derivative liabilities	21,127		14,220
Real Estate Securities [Member]
Derivative [Line Items]
Derivative assets	0	[1]	32,090	[1]
Non-Performing Loans [Member]
Derivative [Line Items]
Derivative assets	0	[1]	312	[1]
Interest Rate Cap [Member]
Derivative [Line Items]
Derivative assets	71		195
TBAs [Member]
Derivative [Line Items]
Derivative liabilities	8,539		4,985
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	$12,588		$9,235
[1]	For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.

DERIVATIVES_Schedule_of_Deriva1

DERIVATIVES - Schedule of Derivatives - Notional Amount (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Non-Performing Loans [Member]
Derivative [Line Items]
Derivative asset, notional amount	$0	[1]	$2,931,000	[1]
Real Estate Securities [Member]
Derivative [Line Items]
Derivative asset, notional amount	0	[2]	186,694,000	[2]
TBAs, Short Position [Member]
Derivative [Line Items]
Derivative asset, notional amount	980,000,000	[3]	1,234,000,000	[3]
Interest Rate Cap [Member]
Derivative [Line Items]
Derivative asset, notional amount	210,000,000	[4]	210,000,000	[4]
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative asset, notional amount	$1,107,000,000	[5]	$1,107,000,000	[5]
[1]	For December 31, 2014, represents the UPB of the underlying loans of the non-performing loan pools within linked transactions.
[2]	For December 31, 2014, represents the face amount of the real estate securities within linked transactions.
[3]	Represents the notional amount of Agency RMBS, classified as derivatives.
[4]	Caps LIBOR at 3.0%.
[5]	Receive LIBOR and pay a fixed rate.

DERIVATIVES_Schedule_of_Deriva2

DERIVATIVES - Schedule of Derivatives - Notional Amount (Footnote) (Details)	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, cap interest rate	3.00%

DERIVATIVES_Schedule_of_Deriva3

DERIVATIVES - Schedule of Derivatives - Gain (Losses) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	($7,030)	$1,357
Gain (loss) on settlement of derivatives	-22,590	-135
Total gains (losses)	-29,620	1,222
Non-Performing Loans [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	0	671
TBAs [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	-3,554	362
Gain (loss) on settlement of derivatives	-16,033	43
Interest Rate Swap [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	-3,352	-84
Gain (loss) on settlement of derivatives	-6,557	-178
U.S.T. Short Position [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	0	408
Interest Rate Cap [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	-124	0
Real Estate Securities [Member]
Derivative [Line Items]
Gain (loss) on settlement of derivatives	$0	$0

DEBT_OBLIGATIONS_Schedule_of_D

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Debt Instrument [Line Items]
Outstanding Face Amount	$5,338,807,000
Carrying Value	5,338,807,000		6,062,299,000
Weighted Average Funding Cost	1.90%
Weighted Average Life (Years)	10 months 2 days
Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	1,612,972,000	[1],[2]
Carrying Value	1,612,972,000	[1],[2]	1,707,602,000	[1],[2]
Weighted Average Funding Cost	0.36%	[1],[2]
Weighted Average Life (Years)	26 days	[1],[2]
Repurchase Agreements [Member] | Agency RMBS [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 4 months 21 days	[1],[2]
Outstanding Face Amount of Collateral	1,575,759,000	[1],[2]
Amortized Cost Basis of Collateral	1,659,781,000	[1],[2]
Carrying Value of Collateral	1,664,996,000	[1],[2]
Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	315,919,000	[1],[3]
Carrying Value	315,919,000	[1],[3]	539,049,000	[1],[3]
Weighted Average Funding Cost	1.77%	[1],[3]
Weighted Average Life (Years)	1 month 6 days	[1],[3]
Repurchase Agreements [Member] | Non-Agency RMBS [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	9 years 9 days	[1],[3]
Outstanding Face Amount of Collateral	1,500,816,000	[1],[3]
Amortized Cost Basis of Collateral	428,696,000	[1],[3]
Carrying Value of Collateral	439,579,000	[1],[3]
Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	392,521,000	[1],[4]
Carrying Value	392,521,000	[1],[4]	867,334,000	[1],[4]
Weighted Average Funding Cost	2.37%	[1],[4]
Weighted Average Life (Years)	9 months 7 days	[1],[4]
Repurchase Agreements [Member] | Residential Mortgage [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 years 7 months 3 days	[1],[4]
Outstanding Face Amount of Collateral	584,085,000	[1],[4]
Amortized Cost Basis of Collateral	514,109,000	[1],[4]
Carrying Value of Collateral	514,109,000	[1],[4]
Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	17,977,000	[1],[5]
Carrying Value	17,977,000	[1],[5]	35,105,000	[1],[5]
Weighted Average Funding Cost	2.82%	[1],[5]
Weighted Average Life (Years)	1 year 1 month 17 days	[1],[5]
Repurchase Agreements [Member] | Real Estate Owned [Member] | Collateral [Member]
Debt Instrument [Line Items]
Carrying Value of Collateral	33,408,000	[1],[5]
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	2,339,389,000	[1]
Carrying Value	2,339,389,000	[1]	3,149,090,000	[1]
Weighted Average Funding Cost	0.91%	[1]
Weighted Average Life (Years)	2 months 12 days	[1]
Notes Payable [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	23,604,000	[6]
Carrying Value	23,604,000	[6]	22,194,000	[6]
Weighted Average Funding Cost	3.08%	[6]
Weighted Average Life (Years)	6 months 19 days	[6]
Notes Payable [Member] | Residential Mortgage [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	4 years 15 days	[6]
Outstanding Face Amount of Collateral	42,306,000	[6]
Amortized Cost Basis of Collateral	25,013,000	[6]
Carrying Value of Collateral	23,294,000	[6]
Notes Payable [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	402,000	[6]
Carrying Value	402,000	[6]	785,000	[6]
Weighted Average Funding Cost	3.08%	[6]
Weighted Average Life (Years)	6 months 19 days	[6]
Notes Payable [Member] | Real Estate Owned [Member] | Collateral [Member]
Debt Instrument [Line Items]
Carrying Value of Collateral	397,000	[6]
Notes Payable [Member] | Secured Corporate Loan [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	100,000,000	[7]
Carrying Value	100,000,000	[7]	0	[7]
Weighted Average Funding Cost	3.93%	[7]
Weighted Average Life (Years)	3 months 26 days	[7]
Notes Payable [Member] | Secured Corporate Loan [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	5 years 4 months 4 days	[7]
Outstanding Face Amount of Collateral	105,939,876,000	[7]
Amortized Cost Basis of Collateral	239,540,000	[7]
Carrying Value of Collateral	279,404,000	[7]
Notes Payable [Member] | Servicer Advances [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	2,875,412,000	[8]
Carrying Value	2,875,412,000	[8]	2,890,230,000	[8]
Weighted Average Funding Cost	2.62%	[8]
Weighted Average Life (Years)	1 year 4 months 17 days	[8]
Notes Payable [Member] | Servicer Advances [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	3 years 11 months 10 days	[8]
Outstanding Face Amount of Collateral	3,068,306,000	[8]
Amortized Cost Basis of Collateral	3,168,909,000	[8]
Carrying Value of Collateral	3,245,457,000	[8]
Notes Payable [Member] | Total Notes Payable [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	2,999,418,000
Carrying Value	$2,999,418,000		$2,913,209,000
Weighted Average Funding Cost	2.66%
Weighted Average Life (Years)	1 year 4 months 2 days
[1]	These repurchase agreements had approximately $2.0 million of associated accrued interest payable as of March 31, 2015.
[2]	The counterparties of these repurchase agreements are Mizuho ($89.6 million), Morgan Stanley ($73.3 million), Barclays ($788.7 million), Daiwa ($338.9 million) and Jefferies ($322.5 million) and were subject to customary margin call provisions.
[3]	The counterparties of these repurchase agreements are Barclays ($5.6 million), Credit Suisse ($107.3 million), Royal Bank of Canada ($10.2 million), Bank of America, N.A. ($80.1 million), Goldman Sachs ($60.9 million) and UBS ($51.8 million) and were subject to customary margin call provisions. All of the Non-Agency repurchase agreements have LIBOR-based floating interest rates.
[4]	The counterparties on these repurchase agreements are Bank of America N.A. ($39.5 million maturing in August 2016), Nomura ($68.7 million maturing in May 2016), Citibank ($4.8 million maturing in May 2015) and Credit Suisse ($279.5 million maturing in November 2015). All of these repurchase agreements have LIBOR-based floating interest rates.
[5]	The counterparties of these repurchase agreements are Credit Suisse ($1.2 million), Bank of America, N.A. ($2.0 million), Citibank ($0.4 million) and Nomura ($14.4 million). All of these repurchase agreements have LIBOR-based floating interest rates.
[6]	The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
[7]	The loan bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 3.75%. The outstanding face of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure this corporate loan.
[8]	$0.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.0%.

DEBT_OBLIGATIONS_Schedule_of_D1

DEBT OBLIGATIONS - Schedule of Debt Obligations (Footnote) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Accrued interest payable	7,516,000	$7,857,000
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]
Debt Instrument [Line Items]
Accrued interest payable	2,000,000
Notes Payable [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Variable interest rate spread	2.88%
Notes Payable [Member] | Secured Corporate Loan [Member]
Debt Instrument [Line Items]
Variable interest rate spread	3.75%
Notes Payable [Member] | Servicer Advances [Member]
Debt Instrument [Line Items]
Face amount of fixed rate debt	700,000,000
Notes Payable [Member] | Servicer Advances [Member] | Lower Range [Member]
Debt Instrument [Line Items]
Variable interest rate spread	1.90%
Notes Payable [Member] | Servicer Advances [Member] | Upper Range [Member]
Debt Instrument [Line Items]
Variable interest rate spread	2.00%
Mizuho [Member] | Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	89,600,000
Morgan Stanley [Member] | Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	73,300,000
Barclays [Member] | Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	788,700,000
Barclays [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	5,600,000
Daiwa [Member] | Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	338,900,000
Jefferies [Member] | Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	322,500,000
Credit Suisse [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	107,300,000
Credit Suisse [Member] | Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Repurchase agreements	279,500,000
Credit Suisse [Member] | Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Repurchase agreements	1,200,000
Royal Bank of Canada [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	10,200,000
Bank of America [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	80,100,000
Bank of America [Member] | Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Repurchase agreements	39,500,000
Bank of America [Member] | Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Repurchase agreements	2,000,000
Goldman Sachs [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	60,900,000
UBS [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Repurchase agreements	51,800,000
Nomura [Member] | Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Repurchase agreements	68,700,000
Nomura [Member] | Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Repurchase agreements	14,400,000
Citibank [Member] | Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Repurchase agreements	4,800,000
Citibank [Member] | Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Repurchase agreements	400,000

DEBT_OBLIGATIONS_Narrative_Det

DEBT OBLIGATIONS - Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 30, 2015
Debt Instrument [Line Items]
Face amount of debt	$5,338,807,000
Percent decline in equity, first period	50.00%
Decline in equity, first period	12 months
Percent decline in equity, second period	35.00%
Decline in equity, second period	3 months
Ratio of indebtedness to tangible net worth	4
Repurchase Agreements [Member]
Debt Instrument [Line Items]
Margin exposure on repurchase agreements	2,300,000,000
March 2015 Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	1,000,000,000	500,000,000
Servicer Advance Note [Member]
Debt Instrument [Line Items]
Face amount of debt	800,000,000	650,000,000
Interest rate	2.50%
Credit Suisse First Boston Mortgage Capital, LLC [Member] | Secured Corporate Loan [Member]
Debt Instrument [Line Items]
Face amount of debt	$100,000,000
Variable interest rate spread	3.75%

DEBT_OBLIGATIONS_Schedule_of_D2

DEBT OBLIGATIONS - Schedule of Debt Obligations - Carrying Value (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Debt Instrument [Roll Forward]
Beginning balance	$6,062,299	[1]
Borrowings	1,121,121		1,618,664
Modified retrospective adjustment for the adoption of ASU No. 2014-11	2,310
Repayments	-2,016,777		-1,080,197
Ending balance	5,338,807
Servicer Advances [Member]
Debt Instrument [Roll Forward]
Beginning balance				2,890,230	[1]
Ending balance	2,875,412			2,890,230	[1]
Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Beginning balance				2,246,651	[1]
Ending balance	1,928,891			2,246,651	[1]
Real Estate Loans [Member]
Debt Instrument [Roll Forward]
Beginning balance				925,418	[1]
Ending balance	434,504			925,418	[1]
Other [Member]
Debt Instrument [Roll Forward]
Beginning balance				0	[1]
Ending balance	100,000			0	[1]
Repurchase Agreements [Member]
Debt Instrument [Roll Forward]
Borrowings	1,121,121
Repayments	-2,016,777
Repurchase Agreements [Member] | Servicer Advances [Member]
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Repurchase Agreements [Member] | Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Borrowings	1,089,257
Repayments	-1,491,666
Repurchase Agreements [Member] | Real Estate Loans [Member]
Debt Instrument [Roll Forward]
Borrowings	31,864
Repayments	-525,111
Repurchase Agreements [Member] | Other [Member]
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Notes Payable [Member]
Debt Instrument [Roll Forward]
Borrowings	482,334
Repayments	-396,125
Notes Payable [Member] | Servicer Advances [Member]
Debt Instrument [Roll Forward]
Borrowings	380,702
Repayments	-395,520
Notes Payable [Member] | Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Borrowings	0
Repayments	0
Notes Payable [Member] | Real Estate Loans [Member]
Debt Instrument [Roll Forward]
Borrowings	1,632
Repayments	-605
Notes Payable [Member] | Other [Member]
Debt Instrument [Roll Forward]
Borrowings	100,000
Repayments	0
Accounting Standards Update 2014-11 [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	85,955		0
Accounting Standards Update 2014-11 [Member] | Repurchase Agreements [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	85,955
Accounting Standards Update 2014-11 [Member] | Repurchase Agreements [Member] | Servicer Advances [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	0
Accounting Standards Update 2014-11 [Member] | Repurchase Agreements [Member] | Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	84,649
Accounting Standards Update 2014-11 [Member] | Repurchase Agreements [Member] | Real Estate Loans [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	1,306
Accounting Standards Update 2014-11 [Member] | Repurchase Agreements [Member] | Other [Member]
Debt Instrument [Roll Forward]
Modified retrospective adjustment for the adoption of ASU No. 2014-11	$0
[1]	Excludes debt related to linked transactions (Note 10).

DEBT_OBLIGATIONS_Schedule_of_C

DEBT OBLIGATIONS - Schedule of Contractual Maturities of Debt Obligations (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt maturing in:
April 1 through December 31, 2015	$2,488,881
2016	2,148,728
2017	701,198
Total	5,338,807	6,062,299	[1]
Nonrecourse [Member]
Debt maturing in:
April 1 through December 31, 2015	150,128
2016	2,107,255
2017	701,198
Total	2,958,581
Recourse [Member]
Debt maturing in:
April 1 through December 31, 2015	2,338,753
2016	41,473
2017	0
Total	$2,380,226
[1]	Excludes debt related to linked transactions (Note 10).

DEBT_OBLIGATIONS_Schedule_of_B

DEBT OBLIGATIONS - Schedule of Borrowing Capacity (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Residential Mortgage Loans [Member]
Debt Instrument [Line Items]
Borrowing Capacity	$1,720,000
Balance Outstanding	410,498
Available Financing	1,309,502
Servicer Advances [Member]
Debt Instrument [Line Items]
Borrowing Capacity	3,300,000	[1]
Balance Outstanding	2,875,412	[1]
Available Financing	424,588	[1]
Debt Excess Borrowing Capacity [Member]
Debt Instrument [Line Items]
Borrowing Capacity	5,020,000
Balance Outstanding	3,285,910
Available Financing	$1,734,090
[1]	New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.3% fee on the unused borrowing capacity.

DEBT_OBLIGATIONS_Schedule_of_B1

DEBT OBLIGATIONS - Schedule of Borrowing Capacity (Footnote) (Details) (Servicer Advances [Member])	3 Months Ended
	Mar. 31, 2015
Servicer Advances [Member]
Debt Instrument [Line Items]
Unused borrowing capacity percent fee	0.30%

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Investments in:
Real estate securities, available-for-sale	$2,324,915		$2,463,163
Non-hedge derivatives	71		32,597
Restricted cash	28,325		29,418
Liabilities:
Repurchase agreements	2,339,389		3,149,090
Notes payable	2,999,418		2,913,209
Derivative liabilities	21,127		14,220
Recurring Basis [Member]
Investments in:
Excess mortgage servicing rights, at fair value	163,572,436	[1]
Excess mortgage servicing rights, equity method investees, at fair value	84,000,746	[1]
Servicer advances	3,068,306
Real estate securities, available-for-sale	3,396,295
Residential mortgage loans, held-for- investment	65,854
Residential mortgage loans, held-for- sale	569,329
Non-hedge derivatives	210,000
Cash and cash equivalents	459,334
Restricted cash	28,325
Liabilities:
Repurchase agreements	2,339,389
Notes payable	2,999,418
Derivative liabilities	2,087,000
Recurring Basis [Member] | Level 1 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	0	[1]
Excess mortgage servicing rights, equity method investees, at fair value	0	[1]
Servicer advances	0
Real estate securities, available-for-sale	0
Residential mortgage loans, held-for- investment	0
Residential mortgage loans, held-for- sale	0
Non-hedge derivatives	0
Cash and cash equivalents	459,334
Restricted cash	28,325
Assets, fair value	487,659
Liabilities:
Repurchase agreements	0
Notes payable	0
Derivative liabilities	0
Liabilities, fair value	0
Recurring Basis [Member] | Level 2 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	0	[1]
Excess mortgage servicing rights, equity method investees, at fair value	0	[1]
Servicer advances	0
Real estate securities, available-for-sale	1,664,996
Residential mortgage loans, held-for- investment	0
Residential mortgage loans, held-for- sale	0
Non-hedge derivatives	71
Cash and cash equivalents	0
Restricted cash	0
Assets, fair value	1,665,067
Liabilities:
Repurchase agreements	1,928,891
Notes payable	0
Derivative liabilities	21,127
Liabilities, fair value	1,950,018
Recurring Basis [Member] | Level 3 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	526,662	[1]
Excess mortgage servicing rights, equity method investees, at fair value	225,111	[1]
Servicer advances	3,245,457
Real estate securities, available-for-sale	659,919
Residential mortgage loans, held-for- investment	45,900
Residential mortgage loans, held-for- sale	506,986
Non-hedge derivatives	0
Cash and cash equivalents	0
Restricted cash	0
Assets, fair value	5,210,035
Liabilities:
Repurchase agreements	410,498
Notes payable	2,999,418
Derivative liabilities	0
Liabilities, fair value	3,409,916
Recurring Basis [Member] | Carrying Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	526,662	[1]
Excess mortgage servicing rights, equity method investees, at fair value	225,111	[1]
Servicer advances	3,245,457
Real estate securities, available-for-sale	2,324,915
Residential mortgage loans, held-for- investment	44,967
Residential mortgage loans, held-for- sale	500,174
Non-hedge derivatives	71
Cash and cash equivalents	459,334
Restricted cash	28,325
Assets, fair value	7,355,016
Liabilities:
Repurchase agreements	2,339,389
Notes payable	2,999,418
Derivative liabilities	21,127
Liabilities, fair value	5,359,934
Recurring Basis [Member] | Fair Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	526,662	[1]
Excess mortgage servicing rights, equity method investees, at fair value	225,111	[1]
Servicer advances	3,245,457
Real estate securities, available-for-sale	2,324,915
Residential mortgage loans, held-for- investment	45,900
Residential mortgage loans, held-for- sale	506,986
Non-hedge derivatives	71
Cash and cash equivalents	459,334
Restricted cash	28,325
Assets, fair value	7,362,761
Liabilities:
Repurchase agreements	2,339,389
Notes payable	2,999,418
Derivative liabilities	21,127
Liabilities, fair value	$5,359,934
[1]	The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Gains (losses) included in net income
Included in gain on settlement of investments, net	$14,767		$4,357
Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	4,774,850
Transfers from Level 3	0	[1]
Transfers to Level 3	0	[1]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	-1,071	[2]
Included in change in fair value of investments in excess mortgage servicing rights	-1,761	[2]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	4,921	[2]
Included in change in fair value of investments in servicer advances	-7,669
Included in gain on settlement of investments, net	3,808
Included in other income	730	[2]
Gains (losses) included in other comprehensive income, net of tax	-481	[3]
Interest income	65,836
Purchases, sales, repayments and transfers
Purchases	2,013,875
Proceeds from sales	-389,719
Proceeds from repayments	-1,890,600
De-linked transactions	0	[1]
Balance, ending	4,657,149
Recurring Basis [Member] | Level 3 [Member] | Linked Transactions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	32,402
Transfers from Level 3	0	[1]
Transfers to Level 3	0	[1]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2]
Included in change in fair value of investments in excess mortgage servicing rights	0	[2]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2]
Included in change in fair value of investments in servicer advances	0
Included in gain on settlement of investments, net	0
Included in other income	0	[2]
Gains (losses) included in other comprehensive income, net of tax	0	[3]
Interest income	0
Purchases, sales, repayments and transfers
Purchases	0
Proceeds from sales	0
Proceeds from repayments	0
De-linked transactions	0	[1]
Balance, ending	0
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	723,000
Transfers from Level 3	0	[1]
Transfers to Level 3	0	[1]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	-1,071	[2]
Included in change in fair value of investments in excess mortgage servicing rights	0	[2]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2]
Included in change in fair value of investments in servicer advances	0
Included in gain on settlement of investments, net	3,808
Included in other income	0	[2]
Gains (losses) included in other comprehensive income, net of tax	-481	[3]
Interest income	8,450
Purchases, sales, repayments and transfers
Purchases	222,102
Proceeds from sales	-389,719
Proceeds from repayments	-23,002
De-linked transactions	0	[1]
Balance, ending	659,919
Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	3,270,839
Transfers from Level 3	0	[1]
Transfers to Level 3	0	[1]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2]
Included in change in fair value of investments in excess mortgage servicing rights	0	[2]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2]
Included in change in fair value of investments in servicer advances	-7,669
Included in gain on settlement of investments, net	0
Included in other income	0	[2]
Gains (losses) included in other comprehensive income, net of tax	0	[3]
Interest income	42,349
Purchases, sales, repayments and transfers
Purchases	1,765,294
Proceeds from sales	0
Proceeds from repayments	-1,825,356
De-linked transactions	0	[1]
Balance, ending	3,245,457
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	217,519	[4]
Transfers from Level 3	0	[1],[4]
Transfers to Level 3	0	[1],[4]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1],[4]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2],[4]
Included in change in fair value of investments in excess mortgage servicing rights	-234	[2],[4]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2],[4]
Included in change in fair value of investments in servicer advances	0	[4]
Included in gain on settlement of investments, net	0	[4]
Included in other income	730	[2],[4]
Gains (losses) included in other comprehensive income, net of tax	0	[3],[4]
Interest income	6,458	[4]
Purchases, sales, repayments and transfers
Purchases	26,479	[4]
Proceeds from sales	0	[4]
Proceeds from repayments	-11,973	[4]
De-linked transactions	0	[1],[4]
Balance, ending	238,979	[4]
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	232,618	[4],[5]
Transfers from Level 3	0	[1],[4],[5]
Transfers to Level 3	0	[1],[4],[5]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[1],[4],[5]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights	0	[2],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	4,921	[2],[4],[5]
Included in change in fair value of investments in servicer advances	0	[4],[5]
Included in gain on settlement of investments, net	0	[4],[5]
Included in other income	0	[2],[4],[5]
Gains (losses) included in other comprehensive income, net of tax	0	[3],[4],[5]
Interest income	0	[4],[5]
Purchases, sales, repayments and transfers
Purchases	0	[4],[5]
Proceeds from sales	0	[4],[5]
Proceeds from repayments	-12,428	[4],[5]
De-linked transactions	0	[1],[4],[5]
Balance, ending	225,111	[4],[5]
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	200,214	[4]
Transfers from Level 3	0	[1],[4]
Transfers to Level 3	0	[1],[4]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	98,258	[1],[4]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2],[4]
Included in change in fair value of investments in excess mortgage servicing rights	-1,527	[2],[4]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2],[4]
Included in change in fair value of investments in servicer advances	0	[4]
Included in gain on settlement of investments, net	0	[4]
Included in other income	0	[2],[4]
Gains (losses) included in other comprehensive income, net of tax	0	[3],[4]
Interest income	8,579	[4]
Purchases, sales, repayments and transfers
Purchases	0	[4]
Proceeds from sales	0	[4]
Proceeds from repayments	-17,841	[4]
De-linked transactions	98,258	[1],[4]
Balance, ending	287,683	[4]
Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	98,258	[4],[5]
Transfers from Level 3	0	[1],[4],[5]
Transfers to Level 3	0	[1],[4],[5]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	-98,258	[1],[4],[5]
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	0	[2],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights	0	[2],[4],[5]
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	0	[2],[4],[5]
Included in change in fair value of investments in servicer advances	0	[4],[5]
Included in gain on settlement of investments, net	0	[4],[5]
Included in other income	0	[2],[4],[5]
Gains (losses) included in other comprehensive income, net of tax	0	[3],[4],[5]
Interest income	0	[4],[5]
Purchases, sales, repayments and transfers
Purchases	0	[4],[5]
Proceeds from sales	0	[4],[5]
Proceeds from repayments	0	[4],[5]
De-linked transactions	-98,258	[1],[4],[5]
Balance, ending	0	[4],[5]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	84,430	[6]
Purchases, sales, repayments and transfers
De-linked transactions	84,430	[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | Linked Transactions [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	-32,402	[6]
Purchases, sales, repayments and transfers
De-linked transactions	-32,402	[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | Non-Agency RMBS [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	116,832	[6]
Purchases, sales, repayments and transfers
De-linked transactions	116,832	[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[6]
Purchases, sales, repayments and transfers
De-linked transactions	0	[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[4],[6]
Purchases, sales, repayments and transfers
De-linked transactions	0	[4],[6]
Accounting Standards Update 2014-11 [Member] | 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]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[4],[5],[6]
Purchases, sales, repayments and transfers
De-linked transactions	0	[4],[5],[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[4],[6]
Purchases, sales, repayments and transfers
De-linked transactions	0	[4],[6]
Accounting Standards Update 2014-11 [Member] | Recurring Basis [Member] | Level 3 [Member] | MSRs Non-Agency [Member] | Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers from investments in excess mortgage servicing rights, equity method investees, to investments in excess mortgage servicing rights	0	[4],[5],[6]
Purchases, sales, repayments and transfers
De-linked transactions	$0	[4],[5],[6]
[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.
[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.
[6]	See Note 10 for a discussion of transactions formerly accounted for as linked transactions.

FAIR_VALUE_OF_FINANCIAL_INSTRU4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Footnote) (Details) (Excess MSRs Investees [Member])	Mar. 31, 2015	Dec. 31, 2014
Excess MSRs Investees [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
New Residential’s ownership	50.00%	50.00%

FAIR_VALUE_OF_FINANCIAL_INSTRU5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	3 Months Ended
	Mar. 31, 2015
Directly Held (Note 4)
Prepayment Speed	11.70%	[1],[2]
Delinquency	5.70%	[2],[3]
Recapture Rate	24.50%	[2],[4]
Excess Mortgage Servicing Amount (bps)	18	[2],[5]
Directly Held [Member]
Directly Held (Note 4)
Prepayment Speed	11.50%	[1],[2]
Delinquency	5.40%	[2],[3]
Recapture Rate	18.90%	[2],[4]
Excess Mortgage Servicing Amount (bps)	17	[2],[5]
Held through Equity Method Investees [Member]
Directly Held (Note 4)
Prepayment Speed	12.10%	[1],[2]
Delinquency	6.20%	[2],[3]
Recapture Rate	31.10%	[2],[4]
Excess Mortgage Servicing Amount (bps)	19	[2],[5]
Agency [Member] | Directly Held [Member]
Directly Held (Note 4)
Prepayment Speed	10.00%	[1],[2]
Delinquency	5.40%	[2],[3]
Recapture Rate	30.80%	[2],[4]
Excess Mortgage Servicing Amount (bps)	21	[2],[5]
Agency [Member] | Directly Held [Member] | Original and Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	10.10%	[1],[2]
Delinquency	5.40%	[2],[3]
Recapture Rate	31.50%	[2],[4]
Excess Mortgage Servicing Amount (bps)	21	[2],[5]
Agency [Member] | Directly Held [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	7.90%	[1],[2]
Delinquency	5.00%	[2],[3]
Recapture Rate	19.90%	[2],[4]
Excess Mortgage Servicing Amount (bps)	21	[2],[5]
Agency [Member] | Held through Equity Method Investees [Member] | Original and Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	13.00%	[1],[2]
Delinquency	6.50%	[2],[3]
Recapture Rate	33.50%	[2],[4]
Excess Mortgage Servicing Amount (bps)	19	[2],[5]
Agency [Member] | Held through Equity Method Investees [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	8.00%	[1],[2]
Delinquency	5.00%	[2],[3]
Recapture Rate	20.00%	[2],[4]
Excess Mortgage Servicing Amount (bps)	23	[2],[5]
Non-Agency [Member] | Directly Held [Member]
Directly Held (Note 4)
Prepayment Speed	12.50%	[1],[2],[6]
Recapture Rate	10.70%	[2],[4],[6]
Excess Mortgage Servicing Amount (bps)	14	[2],[5],[6]
Non-Agency [Member] | Directly Held [Member] | Original and Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	12.70%	[1],[2],[6]
Recapture Rate	10.20%	[2],[4],[6]
Excess Mortgage Servicing Amount (bps)	14	[2],[5],[6]
Non-Agency [Member] | Directly Held [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	8.00%	[1],[2],[6]
Recapture Rate	20.00%	[2],[4],[6]
Excess Mortgage Servicing Amount (bps)	20	[2],[5],[6]
[1]	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2]	Weighted by amortized cost basis of the mortgage loan portfolio.
[3]	Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[4]	Percentage of voluntarily prepaid loans that are expected to be refinanced by Nationstar.
[5]	Weighted average total mortgage servicing amount in excess of the basic fee.
[6]	For certain pools, the Excess MSR will be paid on the total UPB of the mortgage portfolio (including both performing and delinquent loans until REO). For these pools, no delinquency assumption is used.

FAIR_VALUE_OF_FINANCIAL_INSTRU6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015		Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	213,100,000		$666,600,000
Broker price discount	10.00%
Face amount of debt	5,338,807,000
Debt	5,338,807,000		6,062,299,000
Excess MSRs Investees [Member] | MSRs [Member]
Schedule of Equity Method Investments [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.60%
Servicer Advances [Member]
Schedule of Equity Method Investments [Line Items]
Carrying Value	2,875,412,000	[1]
Notes Payable [Member] | Servicer Advances [Member]
Schedule of Equity Method Investments [Line Items]
Face amount of debt	2,875,412,000	[2]
Debt	2,875,412,000	[2]	2,890,230,000	[2]
Residential Mortgage Loans [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	213,100,000		610,100,000
Real Estate Acquired in Satisfaction of Debt [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis			56,500,000
Loans Held-for-sale [Member]
Schedule of Equity Method Investments [Line Items]
Asset fair value reduction			$800,000
[1]	New Residential’s unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements, including any applicable advance rate. New Residential pays a 0.3% fee on the unused borrowing capacity.
[2]	$0.7 billion face amount of the notes have a fixed rate while the remaining notes bear interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.0%.

FAIR_VALUE_OF_FINANCIAL_INSTRU7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details)	3 Months Ended
	Mar. 31, 2015
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Prepayment Speed	11.70%	[1],[2]
Delinquency	5.70%	[2],[3]
Mortgage Servicing Amount (bps)	18	[2],[4]
Servicer Advances [Member]
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.10%
Prepayment Speed	12.50%
Delinquency	14.30%
Mortgage Servicing Amount (bps)	19.44	[5]
Discount Rate	5.40%
[1]	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2]	Weighted by amortized cost basis of the mortgage loan portfolio.
[3]	Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[4]	Weighted average total mortgage servicing amount in excess of the basic fee.
[5]	Mortgage servicing amount excludes the amounts New Residential pays Nationstar and SLS as a monthly servicing fee.

FAIR_VALUE_OF_FINANCIAL_INSTRU8

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Securities Valuation Methodology and Results (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	$3,396,295
Amortized Cost Basis	2,307,696
Total Fair Value	2,324,915
Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	2,315,742	[1]
Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	9,173	[2]
Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	1,575,759	[3],[4]
Amortized Cost Basis	1,659,781	[3],[4]
Non-Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	1,820,536	[5],[6],[7]
Amortized Cost Basis	647,915	[5],[6],[7]
Level 2 [Member] | Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	1,664,996
Level 2 [Member] | Agency RMBS [Member] | Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	1,664,996	[1]
Level 2 [Member] | Agency RMBS [Member] | Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	0	[2]
Level 3 [Member] | Non-Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	659,919	[6]
Level 3 [Member] | Non-Agency RMBS [Member] | Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	650,746	[1],[6]
Level 3 [Member] | Non-Agency RMBS [Member] | Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	$9,173	[2],[6]
[1]	Management generally obtained pricing service quotations or broker quotations from two sources, one of which was generally the seller (the party that sold New Residential the security) for Non-Agency RMBS. Management selected one of the quotes received as being most representative of the fair value and did not use an average of the quotes. Even if New Residential receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because management believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases there is a wide disparity between the quotes New Residential receives. Management believes using an average of the quotes in these cases would not represent the fair value of the asset. Based on New Residential’s own fair value analysis, management selects one of the quotes which is believed to more accurately reflect fair value. New Residential never adjusts quotes received. These quotations are generally received via email and contain disclaimers which state that they are “indicative” and not “actionable” — meaning that the party giving the quotation is not bound to actually purchase the security at the quoted price.
[2]	Management was unable to obtain quotations from more than one source on these securities. The one source was the seller (the party that sold New Residential the security).
[3]	Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
[4]	The total outstanding face amount was $979.8 million for fixed rate securities and $595.9 million for floating rate securities as of March 31, 2015.
[5]	The total outstanding face amount was $1.2 billion (including $927.5 million of residual and interest-only notional amount) for fixed rate securities and $654.0 million (including $101.1 million of residual and interest-only notional amount) for floating rate securities as of March 31, 2015.
[6]	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[7]	Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 8.5% of the carrying value of the Non-Agency RMBS portfolio. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationOther ABS $984,460 $56,414 $829 $(1,119) $56,124 8 AA+ 1.98% 8.65% 4.0 —%

FAIR_VALUE_OF_FINANCIAL_INSTRU9

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year	$977		$164
Weighted Average Life (Years)	10 months 2 days
Prepayment Rate	11.70%	[1],[2]
CDR	5.70%	[2],[3]
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	4 years 15 days	[4],[5],[6]
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)	5 years 9 months 20 days	[4],[7]
Residential Mortgage [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year	202
Discount Rate	5.30%
Weighted Average Life (Years)	6 years 5 months 8 days
Loss Severity	43.50%
Residential Mortgage [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Valuation Provision/ (Reversal) In Current Year	202
Discount Rate	10.00%
Weighted Average Life (Years)	4 years 15 days
Loss Severity	6.30%
Residential Mortgage [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate	4.90%
Weighted Average Life (Years)	6 years 10 months 10 days
Prepayment Rate	6.00%
CDR	2.10%
Loss Severity	46.10%
Residential Mortgage [Member] | Purchased Credit Impaired Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate	5.50%
Weighted Average Life (Years)	2 years 4 months 20 days
Prepayment Rate	3.00%
Loss Severity	50.00%
Residential Mortgage [Member] | Carrying Value [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	332,083
Residential Mortgage [Member] | Carrying Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	23,294
Residential Mortgage [Member] | Carrying Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	292,080
Residential Mortgage [Member] | Carrying Value [Member] | Purchased Credit Impaired Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Carrying Value	16,709
Residential Mortgage [Member] | Fair Value [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	339,828
Residential Mortgage [Member] | Fair Value [Member] | Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	23,294
Residential Mortgage [Member] | Fair Value [Member] | Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	296,970
Residential Mortgage [Member] | Fair Value [Member] | Purchased Credit Impaired Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	19,564
Fair Value, Measurements, Nonrecurring [Member] | Purchased Credit Impaired Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Discount Rate	5.50%
Weighted Average Life (Years)	2 years 4 months 20 days	[4]
Prepayment Rate	3.00%
Loss Severity	50.00%	[8]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Purchased Credit Impaired Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Fair Value	$213,058
[1]	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2]	Weighted by amortized cost basis of the mortgage loan portfolio.
[3]	Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[4]	The weighted average life is based on the expected timing of the receipt of cash flows.
[5]	Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 76% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.
[6]	FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[7]	Includes loans that are current or less than 30 days past due at acquisition where New Residential expects to collect all contractually required principal and interest payments. Presented net of unamortized premiums of $0.7 million.
[8]	Loss severity is the expected amount of future realized losses resulting from the ultimate liquidation of a particular loan, expressed as the net amount of loss relative to the outstanding loan balance.

Recovered_Sheet9

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Footnote) (Details) (Reverse Mortgage Loans [Member])	1 Months Ended	3 Months Ended
	Feb. 28, 2013	Mar. 31, 2015
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans	70.00%	70.00%

EQUITY_AND_EARNINGS_PER_SHARE_1

EQUITY AND EARNINGS PER SHARE - Narrative (Details) (USD $)	0 Months Ended			3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 16, 2015	Dec. 18, 2014	Oct. 17, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Oct. 17, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Reverse stock split			0.5
Common stock outstanding, prior to stock split (in shares)			282,800,000				282,800,000
Common stock, shares outstanding (in shares)			141,400,000	141,434,905		141,434,905	141,400,000
Dividend declared per share (in dollars per share)	$0.38	$0.38		$0.38	$0.35
Dividends	$53,700	$53,700		$53,745
Share price (in dollars per share)				$15.03
Dilutive common stock equivalents (in shares)				3,476,404	3,315,457
Fortress [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Common stock, shares outstanding (in shares)				2,400,000

EQUITY_AND_EARNINGS_PER_SHARE_2

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options (Details)	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	10,572,094
Manager [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	8,517,287
Manager's Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	2,049,807
Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	5,000
Total Affiliates [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	10,572,094
Issued Prior to 2011 [Member] | Manager [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	343,440
Issued Prior to 2011 [Member] | Manager's Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	90,560
Issued Prior to 2011 [Member] | Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	1,000
Issued Prior to 2011 [Member] | Total Affiliates [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	435,000
Issued in 2011 - 2014 [Member] | Manager [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	8,173,847
Issued in 2011 - 2014 [Member] | Manager's Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	1,959,247
Issued in 2011 - 2014 [Member] | Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	4,000
Issued in 2011 - 2014 [Member] | Total Affiliates [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	10,137,094

EQUITY_AND_EARNINGS_PER_SHARE_3

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of grant of exercised options	2013-2014	[1],[2]
Date of grant of expired options	2003-2005	[1]
Stock options outstanding (in shares)	10,572,094
Exercised (in shares)	-802,492	[2]
Expired unexercised (in shares)	-792,553
Options Exercisable (in shares)	9,086,678
Weighted Average Exercise Price, Exercised (in dollars per share)	$5.81	[2],[3]
Independent Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	5,000
Independent Directors [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Directors
Date of Grant	Various	[1]
Stock options outstanding (in shares)	6,000
Options Exercisable (in shares)	5,000
Weighted Average Exercise Price (in dollars per share)	$17.54	[3]
Intrinsic Value	$0
2003 - 2007 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	2003 - 2007	[1],[4]
Stock options outstanding (in shares)	1,226,555	[4]
Options Exercisable (in shares)	434,000	[4]
Weighted Average Exercise Price (in dollars per share)	$31.36	[3],[4]
Intrinsic Value	0	[4]
March 2011 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	11-Mar	[1],[4]
Stock options outstanding (in shares)	838,417	[4]
Options Exercisable (in shares)	547,583	[4]
Weighted Average Exercise Price (in dollars per share)	$6.58	[3],[4]
Intrinsic Value	4.6	[4]
September 2011 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	11-Sep	[1],[4]
Stock options outstanding (in shares)	1,269,917	[4]
Options Exercisable (in shares)	849,916	[4]
Weighted Average Exercise Price (in dollars per share)	$4.98	[3],[4]
Intrinsic Value	8.5	[4]
April 2012 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	12-Apr	[1],[4]
Stock options outstanding (in shares)	948,750	[4]
Options Exercisable (in shares)	920,983	[4]
Weighted Average Exercise Price (in dollars per share)	$6.82	[3],[4]
Intrinsic Value	7.6	[4]
May 2012 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	12-May	[1],[4]
Stock options outstanding (in shares)	1,150,000	[4]
Options Exercisable (in shares)	1,117,333	[4]
Weighted Average Exercise Price (in dollars per share)	$7.34	[3],[4]
Intrinsic Value	8.6	[4]
July 2012 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	12-Jul	[1],[4]
Stock options outstanding (in shares)	1,265,000	[4]
Options Exercisable (in shares)	1,234,783	[4]
Weighted Average Exercise Price (in dollars per share)	$7.34	[3],[4]
Intrinsic Value	9.5	[4]
January 2013 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	13-Jan	[1],[4]
Stock options outstanding (in shares)	2,875,000	[4]
Options Exercisable (in shares)	2,491,665	[4]
Weighted Average Exercise Price (in dollars per share)	$10.24	[3],[4]
Intrinsic Value	11.9	[4]
February 2013 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	13-Feb	[1],[4]
Stock options outstanding (in shares)	1,150,000	[4]
Options Exercisable (in shares)	958,332	[4]
Weighted Average Exercise Price (in dollars per share)	$11.48	[3],[4]
Intrinsic Value	3.4	[4]
April 2014 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[4]
Date of Grant	14-Apr	[1],[4]
Stock options outstanding (in shares)	1,437,500	[4]
Options Exercisable (in shares)	527,083	[4]
Weighted Average Exercise Price (in dollars per share)	$12.20	[3],[4]
Intrinsic Value	$1.50	[4]
[1]	Options expire on the tenth anniversary from date of grant.
[2]	Exercised by employees of Fortress, subsequent to their assignment, or by directors. The options exercised had an intrinsic value of $4.5 million.
[3]	The strike prices are subject to adjustment in connection with return of capital dividends.
[4]	The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant Range of StrikePrices Total UnexercisedInception to Date2004 - 2007 $29.92 to $33.80 90,5602012 $6.82 to $7.34 600,0002013 $10.24 to $11.48 1,100,4972014 $12.20 258,750Total 2,049,807

EQUITY_AND_EARNINGS_PER_SHARE_4

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Footnote) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Equity and Earnings Per Share [Abstract]
Intrinsic value of options exercised	$4.50

EQUITY_AND_EARNINGS_PER_SHARE_5

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Options Assigned (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unexercised Inception to Date (in shares)	10,572,094
Options Granted in 2004 to 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unexercised Inception to Date (in shares)	90,560
Options Granted in 2004 to 2007 [Member] | Lower Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of Grant	2004
Strike Price (in dollars per share)	$29.92
Options Granted in 2004 to 2007 [Member] | Upper Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of Grant	2007
Strike Price (in dollars per share)	$33.80
Options Granted in 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of Grant	2012
Total Unexercised Inception to Date (in shares)	600,000
Options Granted in 2012 [Member] | Lower Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Strike Price (in dollars per share)	$6.82
Options Granted in 2012 [Member] | Upper Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Strike Price (in dollars per share)	$7.34
Options Granted in 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of Grant	2013
Total Unexercised Inception to Date (in shares)	1,100,497
Options Granted in 2013 [Member] | Lower Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Strike Price (in dollars per share)	$10.24
Options Granted in 2013 [Member] | Upper Range [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Strike Price (in dollars per share)	$11.48
Options Granted in 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Date of Grant	2014
Strike Price (in dollars per share)	$12.20
Total Unexercised Inception to Date (in shares)	258,750
Options Assigned [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unexercised Inception to Date (in shares)	2,049,807

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	0 Months Ended	3 Months Ended
	Feb. 13, 2015	Mar. 20, 2015
	lawsuit	lawsuit
Putative Class Action Lawsuits [Member]
Loss Contingencies [Line Items]
Number of claims	3
Shareholder Derivative Actions [Member]
Loss Contingencies [Line Items]
Number of claims		2

TRANSACTIONS_WITH_AFFILIATES_A2

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Schedule of Affiliate Transactions (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Related Party Transaction [Line Items]
Due to Affiliate, Total	$6,465				$57,424
Management fees	5,126		4,486
Incentive compensation	3,693		3,338
FIG LLC [Member]
Related Party Transaction [Line Items]
Management fees	1,709				1,710
Incentive compensation	3,693				54,334
Expense reimbursements and other	1,063				1,380
Due to Affiliate, Total	6,465				57,424
Management fees	5,126		4,486
Incentive compensation	3,693		3,338
Expense reimbursements	125	[1]	125	[1]
Total payments to affiliate	$8,944		$7,949
[1]	Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

TRANSACTIONS_WITH_AFFILIATES_A3

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	15-May-13
Related Party Transaction [Line Items]
Face amount of debt	5,338,807,000
FIG LLC [Member]
Related Party Transaction [Line Items]
Management fee rate (percent)		1.50%
Incentive compensation percentage		25.00%
Interest rate for incentive compensation		10.00%
Nationstar [Member]
Related Party Transaction [Line Items]
Unpaid Principal Balance	92,800,000,000
Unpaid Balance of Real Estate Owned	24,800,000
Nationstar [Member] | Non-Agency RMBS [Member]
Related Party Transaction [Line Items]
Face amount of debt	1,500,000,000
Unpaid Principal Balance	6,000,000,000
Nationstar [Member] | Agency RMBS [Member]
Related Party Transaction [Line Items]
Face amount of debt	88,300,000
Nationstar [Member] | Non-Performing Loans [Member]
Related Party Transaction [Line Items]
Unpaid Principal Balance	243,500,000
Nationstar [Member] | Credit Concentration Risk [Member] | Investment Interest Income - Excess MSRs [Member]
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	98.90%
Nationstar [Member] | Credit Concentration Risk [Member] | Investment Interest Income - Servicer Advances [Member]
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	97.00%

RECLASSIFICATION_FROM_ACCUMULA2

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME - Summary of Amounts Reclassified out of Accumulated Other Comprehensive Income into Net Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on settlement of securities	($14,767)	($4,357)
Other-than-temporary impairment (“OTTI”) on securities	1,071	328
Total reclassifications	-41,798	-56,865
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on settlement of securities	-24,697	-4,492
Other-than-temporary impairment (“OTTI”) on securities	1,071	328
Total reclassifications	($23,626)	($4,164)

INCOME_TAXES_Schedule_of_Incom

INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Current:
Federal	$736	$217
State and Local	-1,156	70
Total Current Income Tax Expense (Benefit)	-420	287
Deferred:
Federal	-1,323	0
State and Local	-1,684	0
Total Deferred Income Tax Expense (Benefit)	-3,007	0
Total Income Tax Expense (Benefit)	($3,427)	$287

INCOME_TAXES_Narrative_Details

INCOME TAXES - Narrative (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Increase to income tax provision		$2,300,000
Reserve for unrecognized tax benefits	0
Benefit to income tax provision	2,300,000
Net deferred tax liability	$13,414,000	$15,114,000

RECENT_ACTIVITIES_Narrative_De

RECENT ACTIVITIES - Narrative (Details) (USD $)

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Mar. 16, 2015

Dec. 18, 2014

Mar. 31, 2015

Mar. 31, 2014

Jan. 16, 2015

Apr. 30, 2015

Apr. 06, 2015

11-May-15

10-May-15

Apr. 30, 2015

Apr. 16, 2015

Jan. 01, 2015

Dec. 31, 2014

Subsequent Event [Line Items]

Recovered existing servicer advances

$1,802,188,000

$1,442,648,000

Notes payable outstanding decrease

200,000,000

Decrease in restricted cash

-1,093,000

1,269,000

Gain on settlement of securities

-14,767,000

-4,357,000

Face amount of debt

5,338,807,000

Notional amount of derivatives

32,400,000

Dividend declared per share (in dollars per share)

$0.38

$0.38

$0.38

$0.35

Dividends

53,700,000

53,700,000

53,745,000

Repayment of debt

2,016,777,000

1,080,197,000

Common stock, par value (in dollars per share)

$0.01

$0.01

Amount retained

28,325,000

29,418,000

Non-Agency RMBS [Member]

Subsequent Event [Line Items]

Face amount of securities purchased

257,800,000

Face amount of securities sold

441,100,000

Proceeds from sale of real estate securities

389,700,000

Servicer Advance Joint Venture [Member]

Subsequent Event [Line Items]

Notes payable outstanding decrease

2,700,000,000

Excess MSRs [Member]

Subsequent Event [Line Items]

Total servicer advances funded

23,800,000

Unpaid Principal Balance

8,400,000,000

Excess MSRs [Member] | Freddie Mac [Member]

Subsequent Event [Line Items]

Percentage of Excess MSRs acquired

33.30%

Excess MSRs [Member] | SLS [Member]

Subsequent Event [Line Items]

Percentage of Excess MSRs acquired

50.00%

Subsequent Event [Member]

Subsequent Event [Line Items]

Net proceeds from issuance of common stock in public offering

436,100,000

Options granted to purchase number of shares (in shares)

5,750,000

Fair value of options granted to purchase shares

8,900,000

Fair value assumption, risk free rate

2.02%

Fair value assumption, dividend yield

6.71%

Fair value assumption, volatility

24.04%

Fair value assumption term

10 years

Subsequent Event [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Common stock issued in public offering (in shares)

29,213,020

Public offering share price (in dollars per share)

$15.25

$15.25

Subsequent Event [Member] | Common Stock [Member] | Executive Officer [Member]

Subsequent Event [Line Items]

Common stock issued in public offering (in shares)

250,000

Subsequent Event [Member] | HLSS [Member]

Subsequent Event [Line Items]

Share price (in dollars per share)

$18.25

Cash paid to acquire business

1,007,000,000

Shares issued to acquire business

28,286,980

Common stock, par value (in dollars per share)

$0.01

Acquisition related costs incurred

17,800,000

Subsequent Event [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]

Subsequent Event [Line Items]

Number of interest rate swap agreements

2

Notional amount of derivatives

500,000,000

Subsequent Event [Member] | Non-Agency RMBS [Member] | Repurchase Agreements [Member]

Subsequent Event [Line Items]

Face amount of debt

190,000,000

Subsequent Event [Member] | Secured Corporate Note, April 2017 Maturity [Member] | Secured Corporate Loan [Member]

Subsequent Event [Line Items]

Face amount of debt

219,400,000

Basis spread on variable rate

5.25%

Subsequent Event [Member] | Secured Corporate Note, April 2017 Maturity, Adjusted May 2016 [Member] | Secured Corporate Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Subsequent Event [Line Items]

Basis spread on variable rate

7.25%

Subsequent Event [Member] | Non-Agency RMBS [Member]

Subsequent Event [Line Items]

Face amount of securities purchased

73,300,000

Purchase of real estate securities financed with repurchase agreements

58,600,000

Face amount of securities sold

374,400,000

Amortized cost basis of securities sold

391,000,000

Proceeds from sale of real estate securities

394,600,000

Gain on settlement of securities

-3,600,000

Face amount of instrument with extended maturity date

1,300,000,000

Subsequent Event [Member] | Servicer Advance Joint Venture [Member]

Subsequent Event [Line Items]

Total servicer advances funded

363,400,000

Recovered existing servicer advances

552,000,000

Notes payable outstanding decrease

170,000,000

Decrease in restricted cash

500,000

Subsequent Event [Member] | HLSS [Member] | HLSS [Member]

Subsequent Event [Line Items]

Share price (in dollars per share)

$0.70

Common stock, par value (in dollars per share)

$0.01

Amount retained

50,000,000

Percentage of HLSS's issued and outstanding shares

10.00%

Subsequent Event [Member] | Credit Suisse First Boston Mortgage Capital, LLC [Member] | Secured Corporate Loan [Member]

Subsequent Event [Line Items]

Repayment of debt

100,000,000

Subsequent Event [Member] | Barclays [Member] | Secured Corporate Loan, April 2016 Maturity [Member] | Secured Corporate Loan [Member]

Subsequent Event [Line Items]

Face amount of debt

165,000,000

Subsequent Event [Member] | Barclays [Member] | Secured Corporate Loan, April 2016 Maturity [Member] | Secured Corporate Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Subsequent Event [Line Items]

Variable interest rate spread

5.00%

Subsequent Event [Member] | Barclays [Member] | Secured Corporate Loan, April 2016 Maturity, Adjusted July 2015 [Member] | Secured Corporate Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]

Subsequent Event [Line Items]

Variable interest rate spread

8.00%

Subsequent Event [Member] | Nationstar [Member] | Servicer Advance Joint Venture [Member]

Subsequent Event [Line Items]

Nationstar payment made as contractual incentive fee

5,500,000

Subsequent Event [Member] | SLS [Member]

Subsequent Event [Line Items]

Total servicer advances funded

41,000,000

Recovered existing servicer advances

54,000,000

Notes payable outstanding decrease

11,400,000

Decrease in restricted cash

0

Subsequent Event [Member] | Excess MSRs [Member]

Subsequent Event [Line Items]

Total servicer advances funded

3,500,000

2,600,000

Unpaid Principal Balance

1,600,000,000

1,600,000,000

8,400,000,000

Subsequent Event [Member] | Excess MSRs [Member] | Freddie Mac [Member]

Subsequent Event [Line Items]

Percentage of Excess MSRs acquired

33.30%

33.30%

33.30%

Subsequent Event [Member] | Performing Loans [Member]

Subsequent Event [Line Items]

Unpaid principal balance of loans

268,700,000

Net proceeds from sale of loans

282,200,000

Subsequent Event [Member] | Non-Performing Loans [Member]

Subsequent Event [Line Items]

Unpaid principal balance of loans

22,100,000

Net proceeds from sale of loans

$19,500,000

RECENT_ACTIVITIES_Summary_of_U

RECENT ACTIVITIES - Summary of Unaudited Pro Forma Combined Interest Income and Income (Loss) Before Income Taxes (Details) (HLSS [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
HLSS [Member]
Subsequent Event [Line Items]
Interest income	$165,055	$176,989
Income (Loss) Before Income Taxes	$71,465	$103,683