Rithm Capital (RITM) 10-Q 4 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 26, 2017
Document And Entity Information
Entity Registrant Name	New Residential Investment Corp.
Entity Central Index Key	1,556,593
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		307,334,117
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Investments in:
Excess mortgage servicing rights, at fair value		$ 1,369,341	$ 1,399,455
Excess mortgage servicing rights, equity method investees, at fair value		185,870	194,788
Mortgage servicing rights, at fair value		1,694,792	659,483
Servicer advances, at fair value(A)	[1]	5,037,172	5,706,593
Real estate securities, available-for-sale		5,938,743	5,073,858
Residential mortgage loans, held-for-investment		182,939	190,761
Residential mortgage loans, held-for-sale		1,058,184	696,665
Real estate owned		79,331	59,591
Consumer loans, held-for-investment(A)	[1]	1,679,818	1,799,486
Cash and cash equivalents(A)	[1]	236,557	290,602
Restricted cash		158,373	163,095
Trades receivable		1,857,537	1,687,788
Deferred tax asset, net		147,866	151,284
Other assets		403,464	326,080
Total assets		20,029,987	18,399,529
Liabilities
Repurchase agreements		6,277,636	5,190,631
Notes and bonds payable(A)	[1]	7,557,578	7,990,605
Trades payable		1,446,276	1,381,968
Due to affiliates		23,119	47,348
Dividends payable		147,520	115,356
Accrued expenses and other liabilities		276,098	205,444
Total liabilities		15,728,227	14,931,352
Commitments and Contingencies
Equity
Common Stock, $0.01 par value, 2,000,000,000 shares authorized, 307,334,117 and 250,773,117 issued and outstanding at March 31, 2017 and December 31, 2016, respectively		3,073	2,507
Additional paid-in capital		3,755,561	2,920,730
Retained earnings		184,358	210,500
Accumulated other comprehensive income (loss)		159,120	126,363
Total New Residential stockholders’ equity		4,102,112	3,260,100
Noncontrolling interests in equity of consolidated subsidiaries		199,648	208,077
Total Equity		4,301,760	3,468,177
Total Liabilities And Stockholders Equity		$ 20,029,987	$ 18,399,529
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
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)	307,334,117	250,773,117
Common stock, shares outstanding (in shares)	307,334,117	250,773,117

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Interest income	$ 292,538	$ 190,036
Interest expense	98,229	81,228
Net interest income (expense)	194,309	108,808
Impairment
Other-than-temporary impairment (OTTI) on securities	2,112	3,254
Valuation and loss provision on loans and real estate owned	17,910	6,745
Total Impairment Charges	20,022	9,999
Net interest income after impairment	174,287	98,809
Servicing revenue, net	40,602	0
Other Income
Change in fair value of investments in excess mortgage servicing rights	821	7,926
Change in fair value of investments in excess mortgage servicing rights, equity method investees	(244)	3,022
Change in fair value of investments in servicer advances	2,559	(31,224)
Gain on consumer loans investment	0	9,943
Gain on remeasurement of consumer loans investment	0	71,250
Gain (loss) on settlement of investments, net	(13,674)	(12,246)
Other income (loss), net	6,844	(16,749)
Other Income	(3,694)	31,922
Operating Expenses
General and administrative expenses	11,827	12,081
Management fee to affiliate	13,074	10,008
Incentive compensation to affiliate	12,460	1,196
Loan servicing expense	13,376	1,731
Subservicing expense	17,704	0
Total Operating Expenses	68,441	25,016
Income (Loss) Before Income Taxes	142,754	105,715
Income tax expense (benefit)	5,596	(10,223)
Net Income (Loss)	137,158	115,938
Noncontrolling Interests in Income of Consolidated Subsidiaries	15,780	4,202
Net Income Attributable to Common Stockholders	$ 121,378	$ 111,736
Net Income Per Share of Common Stock
Basic (in dollars per share)	$ 0.42	$ 0.48
Diluted (in dollars per share)	$ 0.42	$ 0.48
Weighted Average Number of Shares of Common Stock Outstanding
Basic (in shares)	286,600,324	230,471,202
Diluted (in shares)	288,241,188	230,538,712
Dividend declared per Share of Common Stock (in dollars per share)	$ 0.48	$ 0.46

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Comprehensive income (loss), net of tax
Net income	$ 137,158	$ 115,938
Other comprehensive income (loss)
Net unrealized gain (loss) on securities	31,638	(19,969)
Reclassification of net realized (gain) loss on securities into earnings	1,119	3,121
Total other comprehensive income (loss)	32,757	(16,848)
Total comprehensive income (loss)	169,915	99,090
Comprehensive income attributable to noncontrolling interests	15,780	4,202
Comprehensive income attributable to common stockholders	$ 154,135	$ 94,888

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total New Residential Stockholders’ Equity [Member]	Noncontrolling Interests in Equity of Consolidated Subsidiaries [Member]
Equity, beginning balance (in shares) at Dec. 31, 2016		250,773,117
Equity, beginning balance at Dec. 31, 2016	$ 3,468,177	$ 2,507	$ 2,920,730	$ 210,500	$ 126,363	$ 3,260,100	$ 208,077
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared	(147,520)			(147,520)		(147,520)
Capital contributions	0						0
Capital distributions	(24,209)						(24,209)
Issuance of common stock (in shares)		56,545,787
Issuance of common stock	834,529	$ 566	833,963			834,529
Other dilution	625		625			625
Director share grants (in shares)		15,213
Director share grants	243		243			243
Comprehensive income (loss)
Net income (loss)	137,158			121,378		121,378	15,780
Net unrealized gain (loss) on securities	31,638				31,638	31,638
Reclassification of net realized (gain) loss on securities into earnings	1,119				1,119	1,119
Total comprehensive income (loss)	169,915					154,135	15,780
Equity, ending balance (in shares) at Mar. 31, 2017		307,334,117
Equity, ending balance at Mar. 31, 2017	$ 4,301,760	$ 3,073	$ 3,755,561	$ 184,358	$ 159,120	$ 4,102,112	$ 199,648

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Cash Flows From Investing Activities
Net income	$ 137,158	$ 115,938
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	(821)	(7,926)
Change in fair value of investments in excess mortgage servicing rights, equity method investees	244	(3,022)
Change in fair value of investments in servicer advances	(2,559)	31,224
(Gain) / loss on remeasurement of consumer loans investment	0	(71,250)
(Gain) / loss on settlement of investments (net)	13,674	12,246
Unrealized (gain) / loss on derivative instruments	(4,326)	24,557
Unrealized (gain) / loss on other ABS	(758)	(268)
(Gain) / loss on transfer of loans to REO	(6,634)	(2,483)
(Gain) / loss on transfer of loans to other assets	(212)	(517)
(Gain) / loss on Excess MSR recapture agreements	(627)	(732)
Accretion and other amortization	(192,424)	(153,670)
Other-than-temporary impairment	2,112	3,254
Valuation and loss provision on loans and real estate owned	17,910	6,745
Non-cash portions of servicing revenue, net	27,055	0
Non-cash directors’ compensation	243	0
Deferred tax provision	3,418	(10,681)
Changes in:
Other assets	6,906	18,897
Servicing advance receivables	9,233	0
Due to affiliates	(24,229)	(17,938)
Accrued expenses and other liabilities	(33,337)	15,872
Other operating cash flows:
Interest received from excess mortgage servicing rights	21,413	43,990
Interest received from servicer advance investments	52,124	50,229
Interest received from Non-Agency RMBS	40,801	29,449
Interest received from residential mortgage loans, held-for-investment	3,762	437
Interest received from PCD consumer loans, held-for-investment	14,824	0
Purchases of residential mortgage loans, held-for-sale	(1,223,734)	(173,270)
Proceeds from sales of purchased residential mortgage loans, held-for-sale	739,640	231,390
Principal repayments from purchased residential mortgage loans, held-for-sale	14,497	18,186
Net cash provided by (used in) operating activities	(378,842)	170,411
Cash Flows From Investing Activities
SpringCastle Transaction, net of cash acquired	0	(49,943)
Restricted cash acquired from SpringCastle transaction	0	74,604
Purchase of servicer advance investments	(3,302,794)	(3,844,638)
Purchase of Agency RMBS	(1,867,168)	(1,684,194)
Purchase of Non-Agency RMBS	(850,046)	(314,547)
Purchase of residential mortgage loans	0	(319)
Purchase of derivatives	0	(1,355)
Purchase of real estate owned and other assets	(9,730)	(9,196)
Purchase of consumer loans	0	0
Purchase of investment in consumer loans, equity method investees	(41,314)	0
Draws on revolving consumer loans	(12,877)	0
Payments for settlement of derivatives	(15,732)	(33,553)
Return of investments in excess mortgage servicing rights	41,566	42,149
Return of investments in excess mortgage servicing rights, equity method investees	2,869	588
Principal repayments from servicer advance investments	3,998,693	4,267,612
Principal repayments from Agency RMBS	18,779	18,426
Principal repayments from Non-Agency RMBS	159,247	48,014
Principal repayments from residential mortgage loans	4,481	8,754
Proceeds from sale of residential mortgage loans	0	0
Principal repayments from consumer loans	110,200	0
Proceeds from sale of Agency RMBS	1,682,689	1,727,673
Proceeds from sale of Non-Agency RMBS	28,339	38,471
Proceeds from settlement of derivatives	24,570	1,837
Proceeds from sale of real estate owned	17,999	8,142
Net cash provided by (used in) investing activities	(1,013,879)	296,503
Cash Flows From Financing Activities
Repayments of repurchase agreements	(8,788,534)	(5,062,857)
Margin deposits under repurchase agreements and derivatives	(285,881)	(106,952)
Repayments of notes and bonds payable	(2,653,967)	(1,894,548)
Payment of deferred financing fees	(4,494)	(5,555)
Common stock dividends paid	(115,356)	(106,017)
Borrowings under repurchase agreements	9,874,154	4,993,318
Return of margin deposits under repurchase agreements and derivatives	276,805	98,138
Borrowings under notes and bonds payable	2,220,907	1,713,002
Issuance of common stock	835,465	0
Costs related to issuance of common stock	(936)	0
Noncontrolling interest in equity of consolidated subsidiaries - contributions	0	0
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(24,209)	(11,095)
Purchase of Noncontrolling Interest in the Buyer	0	0
Net cash provided by (used in) financing activities	1,333,954	(382,566)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(58,767)	84,348
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	453,697	344,638	$ 344,638
Cash, Cash Equivalents, and Restricted Cash, End of Period	394,930	428,986	453,697
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	94,494	75,690
Cash paid during the period for income taxes	3	265
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid	147,520	106,017	$ 115,356
Transfer from residential mortgage loans to real estate owned and other assets	43,763	36,485
Non-cash distributions from Consumer Loan Companies	0	25
Non-cash contingent consideration	0	5,581
Real estate securities retained from loan securitizations	81,888	36,902
Remeasurement of Consumer Loan Companies noncontrolling interest	0	110,438
Excess MSRs [Member]
Cash Flows From Investing Activities
Purchase of excess mortgage servicing rights, MSRs, and Servicer Advances	0	(2,022)
Mortgage Servicing Rights and Servicer Advances [Member]
Cash Flows From Investing Activities
Purchase of excess mortgage servicing rights, MSRs, and Servicer Advances	(1,003,650)	0
Supplemental Schedule of Non-Cash Investing and Financing Activities
Non-cash contingent consideration	60,001	0
Agency RMBS [Member]
Supplemental Schedule of Non-Cash Investing and Financing Activities
Purchase of Agency and Non-Agency RMBS, settled after quarter end	1,446,276	1,431,003
Sale of investments, primarily Agency RMBS, settled after quarter end	1,857,537	1,509,016
Excess MSRs Investees [Member]
Other operating cash flows:
Distributions of earnings from excess mortgage servicing rights, equity method investees	$ 5,805	$ 9,754

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION 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. Drive Shack Inc. (“Drive Shack”), formerly Newcastle Investment Corp., was the sole stockholder of New Residential until the spin-off, which was completed on May 15, 2013. 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 New York Stock Exchange (“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 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 Drive Shack, investment funds that indirectly own a majority of the outstanding interests in Nationstar Mortgage LLC (“Nationstar”), a leading residential mortgage servicer, and investment funds that own a majority of the outstanding common stock of OneMain Holdings, Inc. (formerly Springleaf Holdings, Inc.) (together with its subsidiaries, “OneMain”), former managing member of the Consumer Loan Companies (Note 9). As of March 31, 2017 , New Residential conducted its business through the following segments: (i) investments in excess mortgage servicing rights (“Excess MSRs”), (ii) investments in mortgage servicing rights (“MSRs”), (iii) investments in Servicer Advances (including the basic fee component of the related MSRs), (iv) investments in real estate securities, (v) investments in residential mortgage loans, (vi) investments in consumer loans and (vii) 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, 2017 . In addition, Fortress, through its affiliates, held options relating to approximately 16.3 million shares of New Residential’s common stock as of March 31, 2017 . Interim Financial Statements 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 note 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, 2016 and notes thereto included in New Residential’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”). Capitalized terms used herein, and not otherwise defined, are defined in New Residential’s consolidated financial statements for the year ended December 31, 2016 . Certain prior period amounts have been reclassified to conform to the current period’s presentation. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 2018. Early adoption is only permitted after December 31, 2016. 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 has evaluated the new guidance and determined that interest income, gains and losses on financial instruments and income from servicing residential mortgage loans are outside the scope of ASC No. 606. For income from servicing residential mortgage loans, New Residential considered that the FASB Transition Resource Group members generally agreed that an entity should look to ASC No. 860, Transfers and Servicing, to determine the appropriate accounting for these fees and ASC No. 606 contains a scope exception for contracts that fall under ASC No. 860. As a result, New Residential does not expect the adoption of ASU No. 2014-09 to have a material impact on its condensed consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The standard: (i) requires that certain equity investments be measured at fair value, and modifies the assessment of impairment for certain other equity investments, (ii) changes certain disclosure requirements related to the fair value of financial instruments measured at amortized cost, (iii) changes certain disclosure requirements related to liabilities measured at fair value, (iv) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (v) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU No. 2016-01 is effective for New Residential in the first quarter of 2018. Early adoption is generally not permitted. An entity should apply ASU No. 2016-01 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential does not expect the adoption of ASU No. 2016-01 to have a material impact on its condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . The standard requires that a financial asset measured at amortized cost basis be presented at the net amount expected to be collected, net of an allowance for all expected (rather than incurred) credit losses. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The standard also changes the accounting for purchased credit deteriorated assets and available-for-sale securities, which will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. ASU No. 2016-13 is effective for New Residential in the first quarter of 2020. Early adoption is permitted beginning in 2019. An entity should apply ASU No. 2016-13 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements, which at the date of adoption is expected to increase the allowance for credit losses with a resulting negative adjustment to retained earnings. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments. The standard provides guidance on the treatment of certain transactions within the statement of cash flows. ASU No. 2016-15 is effective for New Residential in the first quarter of 2018. Early adoption is permitted. New Residential adopted ASU No. 2016-15 in the third quarter of 2016 and it did not have an impact on its condensed consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory . The standard requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 is effective for New Residential in the first quarter of 2018. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not been issued. New Residential does not expect the adoption of ASU No. 2016-16 to have a material impact on its condensed consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash . The standard requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash. ASU No. 2016-18 is effective for New Residential in the first quarter of 2018. Early adoption is permitted. New Residential adopted ASU No. 2016-18 in the fourth quarter of 2016 and has included changes in restricted cash in its statements of cash flows for all periods presented.

OTHER INCOME, ASSETS AND LIABIL

OTHER INCOME, ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2017
Other Income Assets And Liabilities
OTHER INCOME, ASSETS AND LIABILITIES	OTHER INCOME, ASSETS AND LIABILITIES Other income (loss), net, is comprised of the following: Three Months Ended 2017 2016 Unrealized gain (loss) on derivative instruments $ 4,326 $ (24,557 ) Unrealized gain (loss) on other ABS 758 268 Gain (loss) on transfer of loans to REO 6,634 2,483 Gain (loss) on transfer of loans to other assets 212 517 Gain on Excess MSR recapture agreements 627 732 Other income (loss) (5,713 ) 3,808 $ 6,844 $ (16,749 ) Gain (loss) on settlement of investments, net is comprised of the following: Three Months Ended 2017 2016 Gain (loss) on sale of real estate securities, net $ 993 $ 16,133 Gain (loss) on sale of residential mortgage loans, net 2,565 2,277 Gain (loss) on settlement of derivatives (11,836 ) (30,379 ) Gain (loss) on liquidated residential mortgage loans (2,216 ) (275 ) Gain (loss) on sale of REO (2,610 ) 151 Other gains (losses) (570 ) (153 ) $ (13,674 ) $ (12,246 ) Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Margin receivable, net $ 64,557 $ 55,481 Interest payable $ 22,821 $ 23,108 Other receivables 9,986 16,350 Accounts payable 40,651 31,299 Principal and interest receivable 54,776 52,738 Derivative liabilities (Note 10) 16,685 3,021 Receivable from government agency 48,356 54,706 Current taxes payable 4,517 2,314 Call rights 337 337 Due to servicers 63,977 77,148 Derivative assets (Note 10) 4,159 6,762 MSR purchase price holdback 120,437 60,436 Servicing fee receivables 21,621 7,405 Other liabilities 7,010 8,118 Ginnie Mae EBO servicer advance receivable, net 13,184 14,829 $ 276,098 $ 205,444 Due from servicers 23,064 22,134 Servicer advances receivable, net (A) 104,764 81,582 Investment in consumer loans, equity method investees 41,314 — Prepaid expenses 9,257 9,487 Other assets 8,089 4,269 $ 403,464 $ 326,080 (A) Represents Servicer Advances due to New Residential’s licensed servicer subsidiary, New Residential Mortgage LLC (Note 5). As reflected on the Condensed Consolidated Statements of Cash Flows, accretion and other amortization is comprised of the following: Three Months Ended 2017 2016 Accretion of servicer advance interest income $ 76,043 $ 78,637 Accretion of excess mortgage servicing rights income 31,418 42,968 Accretion of net discount on securities and loans (A) 88,984 37,128 Amortization of deferred financing costs (3,574 ) (4,785 ) Amortization of discount on notes and bonds payable (447 ) (278 ) $ 192,424 $ 153,670 (A) Includes accretion of the accretable yield on PCD loans.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING New Residential conducts its business through the following segments: (i) investments in Excess MSRs, (ii) investments in MSRs, (iii) investments in Servicer Advances, (iv) investments in real estate securities, (v) investments in residential mortgage loans, (vi) investments in consumer loans, and (vii) corporate. The corporate segment consists primarily of (i) general and administrative expenses, (ii) the management fees and incentive compensation related to the Management Agreement and (iii) corporate cash and related interest income. Securities owned by New Residential (Note 7) that are collateralized by Servicer Advances are included in the Servicer Advances segment. Secured corporate loans effectively collateralized by Excess MSRs are included in the Excess MSRs segment. 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 MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended March 31, 2017 Interest income $ 31,418 $ 25 $ 76,704 $ 93,808 $ 17,993 $ 72,406 $ 184 $ 292,538 Interest expense 10,072 987 43,876 20,881 7,540 14,873 — 98,229 Net interest income (expense) 21,346 (962 ) 32,828 72,927 10,453 57,533 184 194,309 Impairment — — — 2,112 (2,018 ) 19,928 — 20,022 Servicing revenue, net — 40,602 — — — — — 40,602 Other income (loss) 1,204 213 1,801 (5,596 ) (1,336 ) 20 — (3,694 ) Operating expenses 86 19,723 824 331 5,853 11,438 30,186 68,441 Income (Loss) Before Income Taxes 22,464 20,130 33,805 64,888 5,282 26,187 (30,002 ) 142,754 Income tax expense (benefit) — (1,279 ) 9,192 — (2,317 ) — — 5,596 Net Income (Loss) $ 22,464 $ 21,409 $ 24,613 $ 64,888 $ 7,599 $ 26,187 $ (30,002 ) $ 137,158 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 5,820 $ — $ — $ 9,960 $ — $ 15,780 Net income (loss) attributable to common stockholders $ 22,464 $ 21,409 $ 18,793 $ 64,888 $ 7,599 $ 16,227 $ (30,002 ) $ 121,378 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total March 31, 2017 Investments $ 1,555,211 $ 1,694,792 $ 5,137,320 $ 5,838,595 $ 1,320,454 $ 1,679,818 $ — $ 17,226,190 Cash and cash equivalents 819 116,402 88,266 1,176 6,392 13,706 9,796 236,557 Restricted cash 16,664 4,166 73,772 — — 63,771 — 158,373 Other assets 2,417 115,686 168,098 1,921,221 99,100 87,072 15,273 2,408,867 Total assets $ 1,575,111 $ 1,931,046 $ 5,467,456 $ 7,760,992 $ 1,425,946 $ 1,844,367 $ 25,069 $ 20,029,987 Debt $ 804,835 $ 341,896 $ 5,013,133 $ 4,974,549 $ 1,059,165 $ 1,641,636 $ — $ 13,835,214 Other liabilities 2,311 187,112 21,392 1,474,360 25,514 7,054 175,270 1,893,013 Total liabilities 807,146 529,008 5,034,525 6,448,909 1,084,679 1,648,690 175,270 15,728,227 Total equity 767,965 1,402,038 432,931 1,312,083 341,267 195,677 (150,201 ) 4,301,760 Noncontrolling interests in equity of consolidated subsidiaries — — 164,702 — — 34,946 — 199,648 Total New Residential stockholders’ equity $ 767,965 $ 1,402,038 $ 268,229 $ 1,312,083 $ 341,267 $ 160,731 $ (150,201 ) $ 4,102,112 Investments in equity method investees $ 185,870 $ — $ — $ — $ — $ 41,314 $ — $ 227,184 Servicing Related Assets Residential Securities and Loans Excess MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended March 31, 2016 Interest income $ 42,968 $ 80,967 $ 45,913 $ 19,493 $ 1 $ 694 $ 190,036 Interest expense 2,934 63,075 7,484 7,390 345 — 81,228 Net interest income (expense) 40,034 17,892 38,429 12,103 (344 ) 694 108,808 Impairment — — 3,254 6,745 — — 9,999 Servicing revenue, net — — — — — — — Other income (loss) 11,693 (27,391 ) (36,461 ) 2,873 81,193 15 31,922 Operating expenses 232 994 461 4,334 1,604 17,391 25,016 Income (Loss) Before Income Taxes 51,495 (10,493 ) (1,747 ) 3,897 79,245 (16,682 ) 105,715 Income tax expense (benefit) — (10,002 ) — (221 ) — — (10,223 ) Net Income (Loss) $ 51,495 $ (491 ) $ (1,747 ) $ 4,118 $ 79,245 $ (16,682 ) $ 115,938 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ 4,202 $ — $ — $ — $ — $ 4,202 Net income (loss) attributable to common stockholders $ 51,495 $ (4,693 ) $ (1,747 ) $ 4,118 $ 79,245 $ (16,682 ) $ 111,736

INVESTMENTS IN EXCESS MORTGAGE

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2017
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 direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2016 $ 611,293 $ 3,935 $ 784,227 $ 1,399,455 Purchases — — — — Interest income 13,120 (123 ) 18,420 31,417 Other income 627 — — 627 Proceeds from repayments (31,745 ) (231 ) (31,003 ) (62,979 ) Change in fair value 4,582 115 (3,876 ) 821 Balance as of March 31, 2017 $ 597,877 $ 3,696 $ 767,768 $ 1,369,341 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. Nationstar, SLS or Ocwen, 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. New Residential has entered into a “recapture agreement” with respect to each of the Excess MSR investments serviced by Nationstar and SLS. Under such arrangements, 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. New Residential has a similar recapture agreement with Ocwen; however, this agreement allows for Ocwen to retain the Excess MSR on recaptured loans up to a threshold and no payments have been made to New Residential under such arrangement to date. 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, 2017 December 31, 2016 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 (D) Fortress-managed funds Nationstar Agency Original and Recaptured Pools $ 75,664,398 32.5% - 66.7% (53.2%) 0.0% - 40.0% 20.0% - 35.0% 6.0 $ 287,439 $ 318,612 $ 330,323 Recapture Agreements — 32.5% - 66.7% (53.2%) 0.0% - 40.0% 20.0% - 35.0% 12.6 23,123 50,844 51,434 75,664,398 6.5 310,562 369,456 381,757 Non-Agency (E) Nationstar and SLS Serviced: Original and Recaptured Pools $ 74,698,518 33.3% - 100.0% (59.2%) 0.0% - 50.0% 0.0% - 33.3% 5.4 $ 177,885 $ 213,357 $ 219,980 Recapture Agreements — 33.3% - 100.0% (59.2%) 0.0% - 50.0% 0.0% - 33.3% 12.4 10,381 18,760 13,491 Ocwen Serviced Pools 116,902,804 100.0% — % — % 6.5 728,831 767,768 784,227 191,601,322 6.4 917,097 999,885 1,017,698 Total $ 267,265,720 6.4 $ 1,227,659 $ 1,369,341 $ 1,399,455 (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) Amounts in parentheses represent weighted averages. (E) New Residential also invested in related Servicer Advances, including the basic fee component of the related MSR as of March 31, 2017 (Note 6) on $177.9 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Three Months Ended 2017 2016 Original and Recaptured Pools $ (7,248 ) $ 5,697 Recapture Agreements 8,069 2,229 $ 821 $ 7,926 As of March 31, 2017 , a weighted average discount rate of 9.8% was used to value New Residential’s investments in Excess MSRs (directly and through 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. 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, 2017 December 31, 2016 Excess MSR assets $ 353,746 $ 372,391 Other assets 17,994 17,184 Other liabilities — — Equity $ 371,740 $ 389,575 New Residential’s investment $ 185,870 $ 194,788 New Residential’s ownership 50.0 % 50.0 % Three Months Ended 2017 2016 Interest income $ 4,182 $ 8,081 Other income (loss) (4,646 ) (2,014 ) Expenses (25 ) (23 ) Net income $ (489 ) $ 6,044 New Residential’s investments in equity method investees changed during the three months ended March 31, 2017 as follows: Balance at December 31, 2016 $ 194,788 Contributions to equity method investees — Transfers to direct ownership — Distributions of earnings from equity method investees (5,805 ) Distributions of capital from equity method investees (2,869 ) Change in fair value of investments in equity method investees (244 ) Balance at March 31, 2017 $ 185,870 The following is a summary of New Residential’s Excess MSR investments made through equity method investees: March 31, 2017 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 $ 58,610,831 66.7 % 50.0 % $ 236,888 $ 298,235 5.8 Recapture Agreements — 66.7 % 50.0 % 27,525 55,511 12.5 Total $ 58,610,831 $ 264,413 $ 353,746 6.5 (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. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments: Aggregate Direct and Equity Method Investees Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2017 December 31, 2016 California 24.0 % 24.1 % Florida 8.6 % 8.6 % New York 8.0 % 7.9 % Texas 4.6 % 4.6 % New Jersey 4.2 % 4.2 % Maryland 3.7 % 3.7 % Illinois 3.5 % 3.5 % Virginia 3.1 % 3.1 % Georgia 3.1 % 3.1 % Massachusetts 2.7 % 2.7 % Washington 2.6 % 2.6 % Arizona 2.5 % 2.5 % Other U.S. 29.4 % 29.4 % 100.0 % 100.0 % 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. See Note 11 regarding the financing of Excess MSRs.

INVESTMENTS IN MORTGAGE SERVICI

INVESTMENTS IN MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS	INVESTMENTS IN MORTGAGE SERVICING RIGHTS In 2016, a subsidiary of New Residential, New Residential Mortgage LLC (“NRM”), became a licensed mortgage servicer. NRM is presently licensed or otherwise eligible to hold MSRs in all states within the United States and the District of Columbia. Additionally, NRM has received approval from the Federal Housing Administration (“FHA”) to hold MSRs associated with FHA-insured mortgage loans, from the Federal National Mortgage Association (“Fannie Mae”) to hold MSRs associated with loans owned by Fannie Mae, and from the Federal Home Loan Mortgage Corporation (“Freddie Mac”) to hold MSRs associated with loans owned by Freddie Mac. Fannie Mae and Freddie Mac are collectively referred to as the Government Sponsored Enterprises (“GSEs”). As an approved Fannie Mae Servicer, Freddie Mac Servicer and FHA-approved mortgagee, NRM is required to conduct aspects of its operations in accordance with applicable policies and guidelines published by FHA, Fannie Mae and Freddie Mac in order to maintain those approvals. As of March 31, 2017 , NRM is in compliance with such policies and guidelines, as well as with other ongoing requirements applicable to mortgage loan servicers under applicable state and federal laws. NRM engages third party licensed mortgage servicers as subservicers to perform the operational servicing duties in connection with the MSRs it acquires, in exchange for a subservicing fee which is recorded as “Subservicing expense” on New Residential’s Consolidated Statements of Income. As of March 31, 2017 , these subservicers include Ditech , Nationstar, Citi, and FirstKey, which subservice 38.6% , 10.2% , 49.5% , and 1.6% of the underlying UPB of the related mortgages, respectively. New Residential has entered into a “recapture agreement” with respect to each of its MSR investments subserviced by Ditech (defined below). Under the recapture agreement, New Residential is generally entitled to the MSRs on any initial or subsequent refinancing by Ditech of a loan in the original portfolio. PHH Transaction On December 28, 2016, NRM entered into an agreement with PHH Mortgage Corporation and its subsidiaries (“PHH”) to purchase the MSRs and related Servicer Advances with respect to approximately $67.0 billion in total UPB of seasoned Agency and private-label residential mortgage loans for a purchase price of approximately $520.0 million and $252.0 million , respectively, which is expected to close beginning in the second quarter of 2017, subject to GSE and other regulatory approvals, various consents and approvals from third-parties, and other customary closing conditions. Concurrently with the purchase agreement, NRM entered into a subservicing agreement with PHH, pursuant to which PHH Mortgage, a wholly owned subsidiary of PHH, will subservice the residential mortgage loans underlying the MSRs acquired by NRM. Walter Flows MSRs On August 8, 2016, NRM entered into a flow and bulk agreement for the purchase and sale of mortgage servicing rights (the “Walter Purchase Agreement”) with Ditech Financial LLC (“Ditech”), a subsidiary of Walter Investment Management Corp. During the three months ended March 31, 2017, pursuant to the Walter Purchase Agreement, NRM purchased Walter Flow MSRs with respect to certain Fannie Mae residential mortgage loans with a total UPB of $1.3 billion for a purchase price of approximately $11.1 million . Ditech will subservice the related residential mortgage loans. Citi Transaction On January 27, 2017, NRM entered into an agreement with CitiMortgage, Inc. (“Citi”) to purchase the MSRs and related Servicer Advances (the “Citi Purchase Agreement”) with respect to a pool of seasoned Fannie Mae and Freddie Mac residential mortgage loans with approximately $92.5 billion in total UPB for a purchase price of approximately $906.0 million , with a purchase price holdback of approximately $45.3 million . The purchase of the MSRs settled in March 2017, with the purchase of the related advances to follow at the time of the operational servicing transfers from Citi to Nationstar. NRM also entered into an agreement pursuant to which Nationstar will subservice the portfolio on behalf of NRM. The transfer of subservicing to Nationstar began in April 2017, and Citi has agreed to continue to subservice the remainder of the portfolio on an interim basis. United Shore Transaction On January 31, 2017, NRM entered into an agreement with United Shore Financial Services, LLC (“United Shore”) to purchase the MSRs and related Servicer Advances with respect to a pool of existing Fannie Mae and Freddie Mac residential mortgage loans with approximately $9.8 billion in total UPB for a purchase price of approximately $94.8 million , with a purchase price holdback of approximately $9.5 million . The purchase settled in February 2017, and subservicing transferred to Nationstar during March and April 2017. RCS Transaction On February 17, 2017, NRM entered into an agreement with Residential Credit Solutions, Inc. (“RCS”) to purchase the MSRs and related Servicer Advances with respect to a pool of existing Fannie Mae and Freddie Mac residential mortgage loans with approximately $5.2 billion in total UPB for a purchase price of approximately $48.6 million and $1.3 million , respectively, with a purchase price holdback of approximately $4.9 million . The purchase included multiple settlement dates in February and March 2017. Ditech will subservice the related residential mortgage loans. Subservicing Agreements On January 27, 2017, NRM entered into agreements pursuant to which Nationstar will subservice certain MSR portfolios on behalf of NRM, subject to GSE and other regulatory approvals. In March 2017, subservicing duties for a portion of the residential mortgage loans related to the FirstKey Transaction have been transferred to Nationstar from FirstKey. New Residential records its investments in MSRs at fair value at acquisition and has elected to subsequently measure at fair value pursuant to the fair value measurement method. Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Three Months Ended Servicing fee revenue $ 65,469 Ancillary and other fees 2,188 Servicing fee revenue and fees 67,657 Amortization of servicing rights (26,296 ) Change in valuation inputs and assumptions (759 ) Servicing revenue, net $ 40,602 The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2016 $ 659,483 Purchases 1,062,364 Amortization of servicing rights (A) (26,296 ) Change in valuation inputs and assumptions (759 ) Balance as of March 31, 2017 $ 1,694,792 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of March 31, 2017 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Mortgage Servicing Rights $ 185,291,769 6.8 $ 1,591,872 $ 1,694,792 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of March 31, 2017 , a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs. The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs: Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2017 December 31, 2016 California 21.3 % 20.5 % Texas 6.0 % 6.3 % Florida 5.9 % 7.3 % New York 5.8 % 2.8 % Illinois 4.4 % 4.1 % New Jersey 4.4 % 4.5 % Massachusetts 4.1 % 4.1 % Michigan 4.0 % 3.1 % Georgia 3.1 % 2.7 % Pennsylvania 3.0 % 2.9 % Other U.S. 38.0 % 41.7 % 100.0 % 100.0 % 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 MSRs. In addition to receiving cash flows from the MSRs, NRM as servicer has the obligation to fund future Servicer Advances on the underlying pool of mortgages (Note 14). These Servicer Advances are recorded when advanced and are included in Other Assets. See Note 11 regarding the financing of MSRs.

INVESTMENTS IN SERVICER ADVANCE

INVESTMENTS IN SERVICER ADVANCES	3 Months Ended
	Mar. 31, 2017
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, purchased the outstanding Servicer Advances related to a portfolio of residential mortgage loans that is serviced by Nationstar and is a subset of the same portfolio of loans in which New Residential has invested in a portion of the Excess MSRs (Note 4), including the basic fee component of the related MSRs. A taxable wholly-owned subsidiary of New Residential is the managing member of the Buyer and owned an approximately 45.8% interest in the Buyer as of March 31, 2017 . As of March 31, 2017 , third-party co-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, 2017 , the third-party co-investors and New Residential had previously funded their commitments, however the Buyer may recall $294.0 million and $236.4 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. The Buyer has purchased Servicer Advances from Nationstar, is required to purchase all future Servicer Advances made with respect to this portfolio of loans 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, 2017 was approximately 9.3% 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. New Residential also acquired a portion of the call rights related to this portfolio of loans. In December 2014, New Residential agreed to acquire (the “SLS Transaction”) 50% of the Excess MSRs and all of the Servicer Advances and related basic fee portion of the MSR, and a portion of the call rights related to a portfolio of residential mortgage loans which is serviced by SLS. Fortress-managed funds acquired the other 50% of the Excess MSRs. SLS services the loans in exchange for a servicing fee of 10.75 bps and an incentive fee (the “SLS Incentive Fee”) which is based on the ratio of the outstanding Servicer Advances to the UPB of the underlying loans. In April 2015, New Residential acquired Servicer Advances and Excess MSRs in connection with the HLSS Acquisition. Ocwen services the underlying loans in exchange for a servicing fee of 12% times the servicing fee collections of the underlying loans, which as of March 31, 2017 is equal to 6.3 basis points times the UPB of the underlying loans, and an incentive fee which is reduced by LIBOR plus 2.75% per annum of the amount, if any, of Servicer Advances outstanding in excess of a defined target. In connection with the HLSS Acquisition, New Residential acquired from Ocwen the call rights related to the residential mortgage loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. New Residential continues to evaluate the call rights it acquired from Nationstar, SLS and Ocwen, and its ability to exercise such rights and realize the benefits therefrom are subject to a number of risks. The actual UPB of the residential mortgage loans on which New Residential can successfully exercise call rights and realize the benefits therefrom may differ materially from its initial assumptions. 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 made by New Residential 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 Yield Weighted Average Life (Years) (B) March 31, 2017 Servicer Advances (C) $ 5,015,655 $ 5,037,172 5.6 % 5.6 % 4.9 As of December 31, 2016 Servicer Advances (C) $ 5,687,635 $ 5,706,593 5.6 % 5.5 % 4.6 (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. (C) Excludes asset-backed securities collateralized by Servicer Advances, which have aggregate face amounts of $100.0 million and $100.0 million and aggregate carrying values of $100.1 million and $100.1 million as of March 31, 2017 and December 31, 2016 , respectively. See Note 7 for details related to these securities. Three Months Ended 2017 2016 Changes in Fair Value Recorded in Other Income $ 2,559 $ (31,224 ) The following is additional information regarding the Servicer Advances and related financing: Loan-to-Value (“LTV”) (A) Cost of Funds (C) UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Notes and Bonds Payable Gross Net (B) Gross Net March 31, 2017 Servicer Advances (D) $ 177,919,442 $ 5,078,268 2.9 % $ 4,858,413 93.5 % 92.4 % 3.3 % 2.9 % December 31, 2016 Servicer Advances (D) $ 186,362,657 $ 5,617,759 3.0 % $ 5,560,412 94.5 % 93.4 % 3.2 % 2.8 % (A) Based on outstanding Servicer Advances, excluding purchased but unsettled Servicer Advances and certain deferred servicing fees (“DSF”) on which New Residential receives financing. If New Residential were to include these DSF in the Servicer Advance balance, gross and net LTV as of March 31, 2017 would be 88.4% and 87.3% , respectively. Also excludes retained Non-Agency bonds with a current face amount of $100.7 million from the outstanding Servicer Advances debt. If New Residential were to sell these bonds, gross and net LTV as of March 31, 2017 would be 95.4% and 94.3% , respectively. (B) Ratio of face amount of borrowings to par amount of Servicer Advance collateral, net of any general reserve. (C) 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. (D) The following types of advances comprise the investments in Servicer Advances: March 31, 2017 December 31, 2016 Principal and interest advances $ 1,281,528 $ 1,489,929 Escrow advances (taxes and insurance advances) 2,345,717 2,613,050 Foreclosure advances 1,451,023 1,514,780 Total $ 5,078,268 $ 5,617,759 Interest income recognized by New Residential related to its investments in Servicer Advances was comprised of the following: Three Months Ended 2017 2016 Interest income, gross of amounts attributable to servicer compensation $ 73,856 $ 227,288 Amounts attributable to base servicer compensation (4,147 ) (29,509 ) Amounts attributable to incentive servicer compensation 6,334 (119,142 ) Interest income from investments in Servicer Advances $ 76,043 $ 78,637 New Residential has determined that the Buyer is a VIE. The following table presents information on the assets and liabilities related to this consolidated VIE. As of March 31, 2017 December 31, 2016 Assets Servicer Advance investments, at fair value $ 1,457,785 $ 1,731,633 Cash and cash equivalents 34,935 37,854 All other assets 19,306 19,799 Total assets (A) $ 1,512,026 $ 1,789,286 Liabilities Notes and bonds payable $ 1,203,655 $ 1,464,851 All other liabilities 4,536 5,187 Total liabilities (A) $ 1,208,191 $ 1,470,038 (A) The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations. Others’ interests in the equity of the Buyer is computed as follows: March 31, 2017 December 31, 2016 Total Advance Purchaser LLC equity $ 303,835 $ 319,248 Others’ ownership interest 54.2 % 54.2 % Others’ interest in equity of consolidated subsidiary $ 164,702 $ 173,057 Others’ interests in the Buyer’s net income is computed as follows: Three Months Ended 2017 2016 Net Advance Purchaser LLC income $ 10,736 $ 7,575 Others’ ownership interest as a percent of total (A) 54.2 % 55.5 % Others’ interest in net income of consolidated subsidiaries $ 5,820 $ 4,202 (A) As a result, New Residential owned 45.8% and 44.5% of the Buyer, on average during the three months ended March 31, 2017 and 2016 , respectively. See Note 11 regarding the financing of Servicer Advances.

INVESTMENTS IN REAL ESTATE SECU

INVESTMENTS IN REAL ESTATE SECURITIES	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN REAL ESTATE SECURITIES	INVESTMENTS IN REAL ESTATE SECURITIES Agency residential mortgage backed securities (“RMBS”) are RMBS issued by a government sponsored enterprise, such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”). Non-Agency RMBS are issued by either public trusts or private label securitization entities. Activities related to New Residential’s investments in real estate securities were as follows: Three Months Ended (in millions) Agency Non Agency Purchases Face $ 1,808.1 $ 2,121.5 Purchase Price $ 1,851.4 $ 1,012.5 Sales Face $ 1,811.6 $ 35.0 Amortized Cost $ 1,856.2 $ 23.1 Sale Price $ 1,851.9 $ 28.3 Gain (Loss) on Sale $ (4.3 ) $ 5.2 On March 31, 2017 , New Residential sold and purchased $1.8 billion and $1.3 billion face amount of Agency RMBS for $1.9 billion and $1.4 billion , respectively, and purchased $94.0 million face amount of Non-Agency RMBS for $84.0 million , which had not yet been settled. These unsettled sales and purchases were recorded on the balance sheet on trade date as Trades Receivable and Trades Payable. New Residential has exercised its call rights with respect to Non-Agency RMBS trusts and purchased performing and non-performing residential mortgage loans and REO contained in such trusts prior to their termination. In certain cases, New Residential sold portions of the purchased loans through securitizations, and retained bonds issued by such securitizations. In addition, New Residential received par on the securities issued by the called trusts which it owned prior to such trusts’ termination. Refer to Note 8 for further details on these 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. March 31, 2017 December 31, 2016 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Agency RMBS (F) (G) $ 1,463,668 $ 1,507,475 $ 1,012 $ (5,323 ) $ 1,503,164 56 AAA 3.49 % 2.99 % 9.6 N/A $ 1,530,298 Non-Agency RMBS (H) (I) 9,052,180 4,272,365 185,188 (21,974 ) 4,435,579 636 CCC 1.86 % 5.75 % 7.9 9.4 % 3,543,560 Total/ Weighted Average $ 10,515,848 $ 5,779,840 $ 186,200 $ (27,297 ) $ 5,938,743 692 B+ 2.27 % 5.03 % 8.4 $ 5,073,858 (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 204 bonds with a carrying value of $305.4 million 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) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $186.0 million and $0.0 million , respectively, for which no coupon payment is expected. (D) The weighted average life is based on the timing of expected principal reduction on the assets. (E) Percentage of the amortized cost basis of securities that is subordinate to New Residential’s investments, excluding fair value option securities and servicer advance bonds. (F) Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac. (G) The total outstanding face amount was $1.3 billion for fixed rate securities and $133.4 million for floating rate securities as of March 31, 2017 . (H) The total outstanding face amount was $1.2 billion (including $0.7 billion of residual and fair value option notional amount) for fixed rate securities and $7.8 billion (including $2.6 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2017 . (I) Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by Servicer Advances and (iii) corporate debt. 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 Servicer Advance Bonds $ 100,000 $ 99,801 $ 347 $ — $ 100,148 1 AAA 3.21 % 3.11 % 0.5 N/A Corporate Debt 27,500 27,225 653 — 27,878 1 B+ 6.55 % 6.82 % 4.9 N/A Fair Value Option Securities Interest-only Securities 2,639,832 142,958 6,662 (7,267 ) 142,353 33 AA+ 1.76 % 5.64 % 3.4 N/A Servicing Strips 443,439 5,422 539 (151 ) 5,810 12 N/A 0.27 % 21.95 % 6.4 N/A Unrealized losses that are considered other-than-temporary are recognized currently in earnings. During the three months ended March 31, 2017 , New Residential recorded OTTI charges of $2.1 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 its 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, 2017 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Impairment Other-Than- Temporary Impairment (A) After Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating (B) Coupon Yield Life (Years) Less than 12 Months $ 1,481,506 $ 761,309 $ (1,313 ) $ 759,996 $ (13,192 ) $ 746,804 183 CCC+ 1.62 % 5.26 % 7.7 12 or More Months 906,464 281,437 (701 ) 280,736 (14,105 ) 266,631 47 BBB 2.20 % 3.95 % 5.9 Total/Weighted Average $ 2,387,970 $ 1,042,746 $ (2,014 ) $ 1,040,732 $ (27,297 ) $ 1,013,435 230 B 1.78 % 4.91 % 7.2 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of March 31, 2017 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 78 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 10 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, 2017 Gross 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 required to sell (D) — — — N/A Securities New Residential has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 284,321 291,456 (2,014 ) (7,135 ) Non-credit impaired securities 729,114 749,276 — (20,162 ) Total debt securities in an unrealized loss position $ 1,013,435 $ 1,040,732 $ (2,014 ) $ (27,297 ) (A) This amount is required to be recorded as OTTI through earnings. In measuring the portion of credit losses, New Residential 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 New Residential’s expectations of prepayment rates, 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 no t have unrealized losses reflected in other comprehensive income as of March 31, 2017 . (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, 2017 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 15,495 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 765 Additions for credit losses on securities for which an OTTI was not previously recognized 1,347 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 (350 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 17,257 The table below summarizes the geographic distribution of the collateral securing New Residential’s Non-Agency RMBS: March 31, 2017 December 31, 2016 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 3,323,021 37.2 % $ 2,757,424 38.3 % Southeastern U.S. 2,027,297 22.7 % 1,635,596 22.7 % Northeastern U.S. 1,883,692 21.1 % 1,426,519 19.8 % Midwestern U.S. 981,858 11.0 % 778,372 10.8 % Southwestern U.S. 681,889 7.7 % 557,033 7.7 % Other (B) 26,923 0.3 % 47,274 0.7 % $ 8,924,680 100.0 % $ 7,202,218 100.0 % (A) Excludes $127.5 million and $100.0 million face amount of bonds backed by Servicer Advances and Corporate Debt at March 31, 2017 and December 31, 2016 , respectively. (B) 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, 2017 , excluding residual and fair value option securities, the face amount of these real estate securities was $931.0 million , with total expected cash flows of $829.5 million and a fair value of $544.2 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 fair value option securities: Outstanding Face Amount Carrying Value March 31, 2017 $ 3,769,689 $ 2,377,966 December 31, 2016 2,951,498 1,871,466 The following is a summary of the changes in accretable yield for these securities: Three Months Ended March 31, 2017 Balance at December 31, 2016 $ 1,200,125 Additions 285,249 Accretion (35,008 ) Reclassifications from (to) non-accretable difference 215,818 Disposals (26,541 ) Balance at March 31, 2017 $ 1,639,643 See Note 11 regarding the financing of real estate securities.

INVESTMENTS IN RESIDENTIAL MORT

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS	INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS Loans are accounted for based on New Residential’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 (which may include PCD Loans) • Loans Held-for-Sale • 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, 2017 December 31, 2016 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) Carrying Value Loan Type Reverse Mortgage Loans (E) (F) $ — $ — — — % — — % — % — % N/A $ — Performing Loans (G) — — — — % — — % — % — % — — Purchased Credit Deteriorated Loans (H) 194,655 182,939 1,104 5.5 % 2.9 8.3 % 74.2 % 82.8 % 589 190,761 Total Residential Mortgage Loans, held-for-investment $ 194,655 $ 182,939 1,104 5.5 % 2.9 8.3 % 74.2 % 82.8 % 589 $ 190,761 Reverse Mortgage Loans (E) (F) $ 21,677 $ 10,813 64 7.0 % 4.7 15.8 % 137.3 % 73.7 % N/A $ 11,468 Performing Loans (G) (I) 481,608 483,106 7,467 4.3 % 5.2 8.4 % 63.0 % 2.6 % 660 175,194 Non-Performing Loans (H) (I) 771,338 564,265 4,527 5.7 % 3.1 18.5 % 100.4 % 68.5 % 573 510,003 Total Residential Mortgage Loans, held-for-sale $ 1,274,623 $ 1,058,184 12,058 5.2 % 3.9 14.6 % 86.5 % 43.7 % 607 $ 696,665 (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 is 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% participation interest that New Residential holds in a portfolio of reverse mortgage loans. The average loan balance outstanding based on total UPB was $0.5 million . Approximately 61% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (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, 2017 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $36.6 million and $76.7 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA. 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 60 days past due provide an early warning of borrowers who may be experiencing financial difficulties. 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 State Concentration March 31, 2017 December 31, 2016 California 15.3 % 10.3 % New York 14.8 % 16.7 % Florida 9.8 % 11.4 % New Jersey 8.0 % 9.6 % Texas 5.0 % 3.9 % Maryland 4.2 % 4.7 % Illinois 3.6 % 4.0 % Massachusetts 3.1 % 3.5 % Georgia 2.5 % 2.3 % Pennsylvania 2.1 % 2.9 % Other U.S. 31.6 % 30.7 % 100.0 % 100.0 % See Note 11 regarding the financing of residential mortgage loans and related assets. Call Rights New Residential has executed calls with respect to the following Non-Agency RMBS trusts and purchased performing and non-performing residential mortgage loans and REO assets contained in such trusts prior to their termination. In certain cases, New Residential sold portions of the purchased loans through securitizations, and retained bonds issued by such securitizations. In addition, New Residential received par on the securities issued by the called trusts which it owned prior to such trusts’ termination. The following table summarizes these transactions (dollars in millions). Securities Owned Prior Assets Acquired Loans Sold (C) Retained Bonds Retained Assets (C) Date of Call (A) Number of Trusts Called Face Amount Amortized Cost Basis Loan UPB Loan Price (B) REO & Other Price (B) Date of Securitization UPB Gain (Loss) Basis Type Loan UPB Loan Price REO & Other Price January 2017 2 $ 49.3 $ 43.6 $ 98.8 $ 96.7 $ 7.5 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) February 2017 31 60.9 40.1 882.0 895.5 10.1 March 2017 $ 773.8 $ 2.1 $ 81.9 Various $ 105.9 $ 90.1 $ 10.8 March 2017 12 — — 222.4 228.8 0.4 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) (A) Any related securitization may occur on the same or a subsequent date, depending on market conditions and other factors. Except as otherwise noted in (C) below, there was one securitization associated with each call. (B) Price includes par amount paid for all underlying residential mortgage loans of the trusts, plus the basis of the exercised call rights, plus advances and costs incurred (including MSR Fund Payments, as defined in Note 15) in exercising such call rights. (C) Loans were sold through a securitization which was treated as a sale for accounting purposes. Retained assets are reflected as of the date of the relevant securitization. No loans from the December 2016, January 2017 or March 2017 calls had been securitized by March 31, 2017. Purchased Credit Deteriorated Loans New Residential determined at acquisition that the PCD loans acquired would be aggregated into pools based on common risk characteristics (FICO score, delinquency status, collateral type, loan-to-value ratio). Loans aggregated into pools are accounted for as if each pool were a single loan with a single composite interest rate and an aggregate expectation of cash flows, including consideration of involuntary prepayments. Activities related to the carrying value of PCD loans held-for-investment were as follows: Balance at December 31, 2016 $ 190,761 Purchases/additional fundings — Sales — Proceeds from repayments (4,305 ) Accretion of loan discount and other amortization 4,102 Transfer of loans to real estate owned (7,619 ) Transfer of loans to held-for-sale — Balance at March 31, 2017 $ 182,939 New Residential did not acquire any PCD loans during the three months ended March 31, 2017 . The following is the unpaid principal balance and carrying value for loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value March 31, 2017 $ 194,655 $ 182,939 December 31, 2016 203,673 190,761 The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2016 $ 23,688 Additions — Accretion (4,102 ) Reclassifications from non-accretable difference (A) 623 Disposals (B) (832 ) Transfer of loans to held-for-sale (C) — Balance at March 31, 2017 $ 19,377 (A) Represents a probable and significant increase in cash flows previously expected to be uncollectible. (B) Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount. (C) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. Loans Held-for-Sale Activities related to the carrying value of loans held-for-sale were as follows: For the Loans Held-for-Sale Balance at December 31, 2016 $ 696,665 Purchases (A) 1,223,734 Transfer of loans from held-for-investment (B) — Sales (818,969 ) Transfer of loans to other assets (C) (7,835 ) Transfer of loans to real estate owned (17,260 ) Proceeds from repayments (20,610 ) Valuation (provision) reversal on loans (D) 2,459 Balance at March 31, 2017 $ 1,058,184 (A) Represents loans acquired with the intent to sell. (B) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. (C) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2). (D) Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including an aggregate of $1.3 million of provision related to the call transactions executed during the three months ended March 31, 2017 . Real estate owned (REO) New Residential recognizes REO assets at the completion of the foreclosure process or upon execution of a deed in lieu of foreclosure with the borrower. REO assets are managed for prompt sale and disposition at the best possible economic value. Real Estate Owned Balance at December 31, 2016 $ 59,591 Purchases 9,730 Transfer of loans to real estate owned 31,513 Sales (20,609 ) Valuation provision on REO (894 ) Balance at March 31, 2017 $ 79,331 As of March 31, 2017 , New Residential had residential mortgage loans that were in the process of foreclosure with an unpaid principal balance of $457.5 million . In addition, New Residential has recognized $48.4 million in unpaid claims receivable from FHA on Ginnie Mae early buy-out (“EBO”) loans and reverse mortgage loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim.

INVESTMENTS IN CONSUMER LOANS

INVESTMENTS IN CONSUMER LOANS	3 Months Ended
	Mar. 31, 2017
Investments In Consumer Loans Equity Method Investees [Abstract]
INVESTMENTS IN CONSUMER LOANS	INVESTMENTS IN CONSUMER LOANS 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. New Residential acquired 30% membership interests in each of the Consumer Loan Companies. Of the remaining 70% of the membership interests, OneMain acquired 47% and funds managed by Blackstone Tactical Opportunities Advisors L.L.C. acquired 23% . OneMain acted as the managing member of the Consumer Loan Companies. OneMain is the servicer of the loans and provides all servicing and advancing functions for the portfolio. In 2014, the Consumer Loan Companies refinanced the portfolio, resulting in proceeds in excess of the refinanced debt which were distributed to the respective co-investors. This reduced New Residential’s basis in the consumer loans investment to $0.0 million and resulted in a gain. Subsequent to this refinancing, New Residential discontinued recording its share of the underlying earnings of the Consumer Loan Companies. Prior to March 31, 2016, New Residential accounted for its investment in the Consumer Loan Companies pursuant to the equity method of accounting because it could exercise significant influence over the Consumer Loan Companies, but the requirements for consolidation were not met. New Residential’s share of earnings and losses in these equity method investees was included in “Earnings from investments in consumer loans, equity method investees” on the Condensed Consolidated Statements of Income. Equity method investments were included in “Investments in consumer loans, equity method investees” on the Condensed Consolidated Balance Sheets. On March 31, 2016, certain of New Residential’s indirect wholly owned subsidiaries (collectively, the “NRZ SpringCastle Buyers”) entered into a Purchase Agreement (the “SpringCastle Purchase Agreement”) primarily with (i) certain direct or indirect wholly owned subsidiaries of OneMain (the “SpringCastle Sellers”), (ii) BTO Willow Holdings II, L.P. and Blackstone Family Tactical Opportunities Investment Partnership - NQ - ESC L.P. (together, the “Blackstone SpringCastle Buyers,” and the Blackstone SpringCastle Buyers together with the NRZ SpringCastle Buyers, collectively, the “SpringCastle Buyers”). Pursuant to the SpringCastle Purchase Agreement, the SpringCastle Sellers sold their collective 47% limited liability company interests in the Consumer Loan Companies to the SpringCastle Buyers (the “SpringCastle Transaction”). Pursuant to the SpringCastle Purchase Agreement, the NRZ SpringCastle Buyers collectively acquired an additional 23.5% limited liability company interest in the Consumer Loan Companies (representing 50% of the limited liability company interests being sold by the SpringCastle Sellers in the SpringCastle Transaction) and the Blackstone SpringCastle Buyers acquired the other 50% of the limited liability company interests being sold in the SpringCastle Transaction. Following the SpringCastle Transaction, New Residential, through the NRZ SpringCastle Buyers, owns 53.5% of the limited liability company interests in the Consumer Loan Companies and the Blackstone SpringCastle Buyers, collectively with their affiliates, own the remaining 46.5% interests in the Consumer Loan Companies. As a result of the SpringCastle Transaction, New Residential obtained a controlling financial interest in, and consolidates, the Consumer Loan Companies. In 2016, New Residential agreed to purchase newly originated consumer loans from a third party. In the aggregate, as of December 31, 2016, New Residential had purchased $177.4 million UPB of loans for an aggregate purchase price of $176.2 million from this seller. These loans are not held in the Consumer Loan Companies and have been designated as performing consumer loans, held-for-investment. In February 2017, New Residential completed a co-investment, through a newly formed entity, PF LoanCo Funding LLC (“LoanCo”), to purchase up to $5.0 billion worth of newly originated consumer loans from a third party over a two year term. New Residential, along with three co-investors, each acquired 25% membership interests in LoanCo. New Residential will account for its investment pursuant to the equity method of accounting because it can exercise significant influence over LoanCo, but the requirements for consolidation are not met. As of March 31, 2017 , New Residential has a net investment of $41.3 million recorded within Other Assets (Note 2). Upon acquisition, the consumer loans are accounted for based on New Residential’s strategy for the loan, and on whether the loan was credit impaired at the date of acquisition. New Residential determined that it has the intent and ability to hold the consumer loans for the foreseeable future and accounts for consumer loans based on the following categories: • Loans Held-for-Investment: ◦ Performing Loans ◦ PCD Loans The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2017 Consumer Loan Companies Performing Loans $ 1,197,647 53.5 % $ 1,244,661 18.7 % 4.1 6.2 % Purchased Credit Deteriorated Loans (C) 345,804 53.5 % 291,693 16.5 % 3.5 13.8 % Other - Performing Loans 146,149 100.0 % 143,464 14.2 % 1.3 1.8 % Total Consumer Loans, held-for-investment $ 1,689,600 $ 1,679,818 17.9 % 3.8 7.4 % December 31, 2016 Consumer Loan Companies Performing Loans $ 1,275,121 53.5 % $ 1,321,825 18.7 % 4.2 6.3 % Purchased Credit Deteriorated Loans (C) 371,261 53.5 % 316,532 16.6 % 3.6 14.0 % Other - Performing Loans 163,570 100.0 % 161,129 14.2 % 1.5 0.3 % Total Consumer Loans, held-for-investment $ 1,809,952 $ 1,799,486 17.9 % 3.8 7.3 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) 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, which are accounted for as PCD loans. See Note 11 regarding the financing of consumer loans. Performing Loans The following table provides past due information regarding New Residential’s performing consumer loans, held-for-investment, which is an important indicator of credit quality and the establishment of the allowance for loan losses: March 31, 2017 Days Past Due Delinquency Status (A) Current 94.7 % 30-59 2.1 % 60-89 1.1 % 90-119 (B) 0.7 % 120+ (B) (C) 1.4 % 100.0 % (A) Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans more than 90 days past due and still accruing interest. (C) Interest is accrued up to the date of charge-off at 180 days past due. Activities related to the carrying value of performing consumer loans, held-for-investment were as follows: Performing Loans Balance at December 31, 2016 $ 1,482,954 Purchases — Additional fundings (A) 12,877 Proceeds from repayments (88,152 ) Accretion of loan discount and premium amortization, net 1,406 Gross charge-offs (20,762 ) Additions to the allowance for loan losses, net (198 ) Balance at March 31, 2017 $ 1,388,125 (A) Represents draws on consumer loans with revolving privileges. Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2016 $ 2,441 $ 997 $ 3,438 Provision (reversal) for loan losses 18,549 (46 ) 18,503 Net charge-offs (C) (18,305 ) — (18,305 ) Balance at March 31, 2017 $ 2,685 $ 951 $ 3,636 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of March 31, 2017 , there are $6.3 million in UPB and $5.4 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $2.5 million in recoveries of previously charged-off UPB. Purchased Credit Deteriorated Loans A portion of the consumer loans are considered PCD loans. Activities related to the carrying value of PCD consumer loans, held-for-investment were as follows: Balance at December 31, 2016 $ 316,532 Allowance for loan losses (A) (1,384 ) Proceeds from repayments (34,415 ) Accretion of loan discount and other amortization 10,960 Balance at March 31, 2017 $ 291,693 (A) Represents the present value of cash flows expected at acquisition that are no longer expected to be collected. The following is the unpaid principal balance and carrying value for consumer loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value March 31, 2017 $ 345,804 $ 291,691 December 31, 2016 371,261 316,532 The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2016 $ 167,928 Accretion (10,960 ) Reclassifications to non-accretable difference (A) (4,314 ) Balance at March 31, 2017 $ 152,654 (A) Represents a probable and significant decrease in cash flows previously expected to be collectible. Noncontrolling Interests Others’ interests in the equity of the Consumer Loan Companies is computed as follows: March 31, 2017 December 31, 2016 Total Consumer Loan Companies equity $ 75,153 $ 75,311 Others’ ownership interest 46.5 % 46.5 % Others’ interests in equity of consolidated subsidiary $ 34,946 $ 35,020 Others’ interests in the Consumer Loan Companies’ net income (loss) is computed as follows for the three months ended March 31, 2017 : Net Consumer Loan Companies income (loss) $ 21,420 Others’ ownership interest as a percent of total 46.5 % Others’ interest in net income (loss) of consolidated subsidiaries $ 9,960 Variable Interest Entities The Consumer Loan Companies consolidate certain entities that issued securitized debt collateralized by the consumer loans (the “Consumer Loan SPVs”). The Consumer Loan SPVs are VIEs of which the Consumer Loan Companies are the primary beneficiaries. The following table presents information on the combined assets and liabilities related to these consolidated VIEs. As of March 31, 2017 Assets Consumer loans, held-for-investment $ 1,536,354 Restricted cash 12,898 Accrued interest receivable 22,493 Total assets (A) $ 1,571,745 Liabilities Notes and bonds payable $ 1,549,877 Accounts payable and accrued expenses 901 Total liabilities (A) $ 1,550,778 (A) The creditors of the Consumer Loan SPVs do not have recourse to the general credit of New Residential, and the assets of the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES As of March 31, 2017 , 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 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, 2017 , New Residential held to-be-announced forward contract positions (“TBAs”) of $3.7 billion 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 was entered into as an economic hedge in order to mitigate New Residential’s interest rate risk on certain specified mortgage backed securities. As of March 31, 2017 , New Residential separately held TBAs of $1.8 billion in a long 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. $0.6 billion of the long notional amount of Agency RMBS represented TBAs purchased for which the specific securities were not identified as of March 31, 2017 and, as such, the positions were recorded as derivatives within the Accrued Expenses and Other Liabilities line on the balance sheet. 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. New Residential’s derivatives are recorded at fair value on the Condensed Consolidated Balance Sheets as follows: Balance Sheet Location March 31, 2017 December 31, 2016 Derivative assets Interest Rate Caps Other assets $ 4,159 $ 4,251 TBAs Other assets — 2,511 $ 4,159 $ 6,762 Derivative liabilities TBAs Accrued expenses and other liabilities $ 9,671 $ — Interest Rate Swaps Accrued expenses and other liabilities 7,014 3,021 $ 16,685 $ 3,021 The following table summarizes notional amounts related to derivatives: March 31, 2017 December 31, 2016 TBAs, short position (A) $ 3,686,000 $ 3,465,500 TBAs, long position (A) 2,361,000 2,125,552 Interest Rate Caps (B) 910,000 1,185,000 Interest Rate Swaps, short positions (C) 5,525,500 3,640,000 (A) Represents the notional amount of Agency RMBS, classified as derivatives. (B) Caps LIBOR at 0.50% for $550.0 million of notional, at 0.75% for $25.0 million of notional, at 2.00% for $185.0 million of notional, and at 4.00% for $150.0 million of notional. The weighted average maturity of the interest rate caps as of March 31, 2017 was 17 months. (C) Receive LIBOR and pay a fixed rate. The weighted average maturity of the interest rate swaps as of March 31, 2017 was 25 months and the weighted average fixed pay rate was 1.51% . The following table summarizes all income (losses) recorded in relation to derivatives: For the 2017 2016 Other income (loss), net (A) TBAs $ 123 $ (5,531 ) Interest Rate Caps 573 (951 ) Interest Rate Swaps 3,630 (18,075 ) 4,326 (24,557 ) Gain (loss) on settlement of investments, net TBAs (6,801 ) (28,171 ) Interest Rate Caps (562 ) (1,124 ) Interest Rate Swaps (4,473 ) (1,084 ) (11,836 ) (30,379 ) Total income (losses) $ (7,510 ) $ (54,936 ) (A) Represents unrealized gains (losses).

DEBT OBLIGATIONS

DEBT OBLIGATIONS	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS The following table presents certain information regarding New Residential’s debt obligations: March 31, 2017 December 31, 2016 Collateral Debt Obligations/Collateral Month Issued Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Repurchase Agreements (C) Agency RMBS (D) Various $ 1,928,567 $ 1,928,567 Apr-17 0.92 % 0.1 $ 1,944,003 $ 2,001,088 $ 1,991,354 0.3 $ 1,764,760 Non-Agency RMBS (E) Various 3,301,281 3,301,281 Apr-17 to Aug-17 2.52 % 0.1 8,133,518 4,104,083 4,262,611 8.0 2,654,242 Residential Mortgage Loans (F) Various 961,633 958,925 May-17 to Feb-19 3.34 % 0.9 1,385,903 1,244,350 1,230,307 3.7 686,412 Real Estate Owned (G)(H) Various 89,114 88,863 May-17 to Feb-19 3.51 % 0.4 N/A N/A 123,646 N/A 85,217 Total Repurchase Agreements 6,280,595 6,277,636 2.17 % 0.2 5,190,631 Notes and Bonds Payable Secured Corporate Notes (I) Various 809,363 804,835 Apr-18 to Sep-19 5.41 % 2.0 288,539,501 1,237,711 1,405,960 6.2 729,145 MSRs (J) Feb-17 290,000 289,473 Feb-18 5.42 % 0.9 71,607,199 510,479 591,238 6.9 — Servicer Advances (K) Various 4,911,052 4,900,030 Nov-17 to Dec-21 3.31 % 2.6 5,135,429 5,076,788 5,098,305 4.8 5,549,872 Residential Mortgage Loans (L) Oct-15 8,813 8,813 Oct-17 3.63 % 0.5 12,077 6,740 6,740 4.7 8,271 Consumer Loans (M) (N) Various 1,556,177 1,551,863 Sep-19 to Mar-24 3.52 % 3.7 1,689,600 1,683,279 1,679,645 3.8 1,700,211 Receivable from government agency (L) Oct-15 2,564 2,564 Oct-17 3.63 % 0.5 N/A N/A 2,517 N/A 3,106 Total Notes and Bonds Payable 7,577,969 7,557,578 3.66 % 2.7 7,990,605 Total/ Weighted Average $ 13,858,564 $ 13,835,214 2.98 % 1.6 $ 13,181,236 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity of April 2017 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $10.7 million of associated accrued interest payable as of March 31, 2017 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.9 billion of related trade and other receivables. (E) All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $165.3 million on retained servicer advance and consumer loan bonds. (F) All of these repurchase agreements have LIBOR-based floating interest rates. (G) All of these repurchase agreements have LIBOR-based floating interest rates. (H) Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (I) Includes $220.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.75% , $285.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25% , and a $304.4 million corporate loan which bears interest equal to 5.68% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure these notes, and the $304.4 million corporate loan is also collateralized by the rights to the related basic fee portion of the MSRs. (J) This note is secured by Agency MSRs and bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25% . (K) $4.5 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 equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.4% . Collateral includes Servicer Advances related to the mortgage servicing rights. (L) The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $1.2 billion UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024. (N) Includes a $115.0 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25% . As of March 31, 2017 , New Residential had no outstanding repurchase agreements where the amount at risk with any individual counterparty or group of related counterparties exceeded 10% of New Residential’s stockholders' equity. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest). General 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 and Consumer Loans Notes and Bonds Payable, such collateral is not available to other creditors of New Residential. New Residential has margin exposure on $6.3 billion of repurchase agreements as of March 31, 2017 . 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: Excess MSRs MSRs Servicer Advances (A) Real Estate Securities Residential Mortgage Loans and REO Consumer Loans Total Balance at December 31, 2016 $ 729,145 $ — $ 5,549,872 $ 4,419,002 $ 783,006 $ 1,700,211 $ 13,181,236 Repurchase Agreements: Borrowings — — — 9,518,606 356,835 — 9,875,441 Repayments — — — (8,707,760 ) (80,774 ) — (8,788,534 ) Capitalized deferred financing costs, net of amortization — — — — 98 — 98 Notes and Bonds Payable: Borrowings 610,000 290,000 1,320,907 — — — 2,220,907 Repayments (534,891 ) — (1,970,298 ) — — (148,778 ) (2,653,967 ) Discount on borrowings, net of amortization — — — — — — — Capitalized deferred financing costs, net of amortization 581 (527 ) (451 ) — — 430 33 Balance at March 31, 2017 $ 804,835 $ 289,473 $ 4,900,030 $ 5,229,848 $ 1,059,165 $ 1,551,863 $ 13,835,214 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances. Maturities New Residential’s debt obligations as of March 31, 2017 had contractual maturities as follows: Year Nonrecourse Recourse Total April 1 through December 31, 2017 $ 229,588 $ 6,026,418 $ 6,256,006 2018 1,034,044 571,996 1,606,040 2019 2,248,705 792,931 3,041,636 2020 376,246 — 376,246 2021 1,137,454 — 1,137,454 2022 and thereafter 1,441,182 — 1,441,182 $ 6,467,219 $ 7,391,345 $ 13,858,564 Borrowing Capacity The following table represents New Residential’s borrowing capacity as of March 31, 2017 : Debt Obligations / Collateral Collateral Type Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential Mortgage Loans Residential Mortgage Loans and REO $ 2,420,000 $ 1,050,747 $ 1,369,253 Notes and Bonds Payable Secured Corporate Loan Excess MSRs 525,000 505,000 20,000 MSRs MSRs 300,000 290,000 10,000 Servicer Advances (A) Servicer Advances 5,845,720 4,911,052 934,668 Consumer Loans Consumer Loans 150,000 114,995 35,005 $ 9,240,720 $ 6,871,794 $ 2,368,926 (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 0.1% fee on the unused borrowing capacity. Excludes borrowing capacity and outstanding debt for retained Non-Agency bonds with a current face amount of $100.7 million . Certain of the debt obligations are subject to customary loan covenants and event of default provisions, including event of default provisions triggered by certain specified declines in our equity or failure to maintain a specified tangible net worth, liquidity, or indebtedness to tangible net worth ratio. New Residential was in compliance with all of its debt covenants as of March 31, 2017 .

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT The carrying values and fair values of New Residential’s assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2017 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 value (A) $ 267,265,720 $ 1,369,341 $ — $ — $ 1,369,341 $ 1,369,341 Excess mortgage servicing rights, equity method investees, at fair value (A) 58,610,831 185,870 — — 185,870 185,870 Mortgage servicing rights, at fair value (A) 185,291,769 1,694,792 — — 1,694,792 1,694,792 Servicer advances, at fair value 5,078,268 5,037,172 — — 5,037,172 5,037,172 Real estate securities, available-for-sale 10,515,848 5,938,743 — 1,503,164 4,435,579 5,938,743 Residential mortgage loans, held-for-investment 194,655 182,939 — — 180,253 180,253 Residential mortgage loans, held-for-sale 1,274,623 1,058,184 — — 1,078,905 1,078,905 Consumer loans, held-for-investment 1,689,600 1,679,818 — — 1,694,916 1,694,916 Derivative assets 910,000 4,159 — 4,159 — 4,159 Cash and cash equivalents 236,557 236,557 236,557 — — 236,557 Restricted cash 158,373 158,373 158,373 — — 158,373 Other Assets 1,092,007 6,723 — — 6,723 6,723 $ 17,552,671 $ 394,930 $ 1,507,323 $ 15,683,551 $ 17,585,804 Liabilities Repurchase agreements $ 6,280,595 $ 6,277,636 $ — $ 6,280,595 $ — $ 6,280,595 Notes and bonds payable 7,577,969 7,557,578 — — 7,556,186 7,556,186 Derivative liabilities 11,572,500 16,685 — 16,685 — 16,685 $ 13,851,899 $ — $ 6,297,280 $ 7,556,186 $ 13,853,466 (A) The notional amount represents the total unpaid principal balance of the residential mortgage loans underlying the MSRs and Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios. New Residential’s 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) MSRs Servicer Advances Non-Agency RMBS Agency Non-Agency Total Balance at December 31, 2016 $ 381,757 $ 1,017,698 $ 194,788 $ 659,483 $ 5,706,593 $ 3,543,560 $ 11,503,879 Transfers (C) Transfers from Level 3 — — — — — — — Transfers to Level 3 — — — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (D) — — — — — (2,112 ) (2,112 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (832 ) 1,653 — — — — 821 Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — — (244 ) — — — (244 ) Included in servicing revenue, net (E) — — — (27,055 ) — — (27,055 ) Included in change in fair value of investments in servicer advances — — — — 2,559 — 2,559 Included in gain (loss) on settlement of investments, net — — — — — 5,201 5,201 Included in other income (loss), net (D) 536 91 — — — 758 1,385 Gains (losses) included in other comprehensive income (F) — — — — — 34,806 34,806 Interest income 6,894 24,523 — — 76,042 72,896 180,355 Purchases, sales and repayments Purchases — — — 1,062,364 3,302,794 1,012,485 5,377,643 Proceeds from sales — — — — — (28,324 ) (28,324 ) Proceeds from repayments (18,899 ) (44,080 ) (8,674 ) — (4,050,816 ) (203,691 ) (4,326,160 ) Balance at March 31, 2017 $ 369,456 $ 999,885 $ 185,870 $ 1,694,792 $ 5,037,172 $ 4,435,579 $ 12,722,754 (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 the 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 and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income. Investments in Excess MSRs, Excess MSRs Equity Method Investees and MSRs 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, 2017 : Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 9.4 % 3.1 % 30.6 % 21 24 Recaptured Pools 7.2 % 4.2 % 22.9 % 22 25 Recapture Agreement 7.1 % 4.1 % 25.5 % 21 — 8.7 % 3.4 % 28.6 % 21 24 Non-Agency (G) Nationstar and SLS Serviced: Original Pools 11.8 % N/A 15.0 % 15 24 Recaptured Pools 7.7 % N/A 19.8 % 22 24 Recapture Agreement 7.6 % N/A 19.7 % 20 — Ocwen Serviced Pools 8.7 % N/A — % 14 26 9.3 % N/A 3.6 % 14 26 Total/Weighted Average--Excess MSRs Directly Held 9.1 % 3.4 % 10.3 % 16 26 Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 11.6 % 5.0 % 35.0 % 19 23 Recaptured Pools 7.4 % 4.3 % 24.3 % 23 24 Recapture Agreement 7.4 % 4.5 % 24.1 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.7 % 4.7 % 30.1 % 21 23 Total/Weighted Average--Excess MSRs All Pools 9.2 % 3.7 % 14.4 % 17 25 MSRs Mortgage Servicing Rights (H) 10.3 % 0.8 % 28.3 % 27 22 (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) 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. (H) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM. As of March 31, 2017 , a weighted average discount rate of 9.8% was used to value New Residential’s investments in Excess MSRs (directly and through equity method investees). As of March 31, 2017 , a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs. 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 Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Rate Collateral Weighted Average Maturity (Years) (C) March 31, 2017 2.1 % 9.7 % 14.6 % 8.2 bps 5.6 % 25.8 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool. Real Estate Securities Valuation As of March 31, 2017 , 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 $ 1,463,668 $ 1,507,475 $ 1,503,164 $ — $ 1,503,164 2 Non-Agency RMBS (C) 9,052,180 4,272,365 4,421,937 13,642 4,435,579 3 Total $ 10,515,848 $ 5,779,840 $ 5,925,101 $ 13,642 $ 5,938,743 (A) New Residential 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. New Residential evaluates quotes received and determines one as being most representative of fair value, and does 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 it 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. New Residential 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, it selects one of the quotes which is believed to more accurately reflect fair value. New Residential has not adjusted any of the quotes received in the periods presented. 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. New Residential’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable. The third-party pricing services and brokers engaged by New Residential (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of RMBS. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. New Residential has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, New Residential creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by New Residential, and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance. For 79.9% of New Residential’s Non-Agency RMBS, the ranges of assumptions used by New Residential’s valuation providers are summarized in the table below. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 3,542,483 2.00 % to 32.75% 0.25% to 24% 0.10 % to 10% 5.0 % to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents 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 balance. (B) New Residential was unable to obtain quotations from more than one source on these securities. For approximately $13.5 million , the one source was 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, 2017 , assets measured at fair value on a nonrecurring basis were $0.3 billion . The $0.3 billion of assets include approximately $249.0 million of residential mortgage loans held-for-sale and $59.3 million of REO. The fair value of New Residential’s residential mortgage loans, held-for-sale is estimated based on a discounted cash flow model analysis using internal pricing models and is 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, 2017 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Residential Mortgage Loans Performing Loans $ 166,025 3.9 % 7.1 9.8 % 1.6 % 31.8 % Non-Performing Loans 82,989 6.5 % 3.1 3.0 % 3.0 % 30.0 % Total/Weighted Average $ 249,014 4.8 % 5.8 7.5 % 31.2 % (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 generally range from 10% to 25% , depending on the information available to the broker. The total change in the recorded value of assets for which a fair value adjustment has been included in the Condensed Consolidated Statement of Income for the three months ended March 31, 2017 was a decrease in the net valuation allowance of approximately $1.6 million , consisting of a reversal of prior valuation allowance of $2.5 million for residential mortgage loans held-for-sale, offset by $0.9 million increased allowance for REO. Loans for Which Fair Value is Only Disclosed The following table summarizes the inputs used in valuing certain loans as of March 31, 2017 : Carrying Value Fair Value Valuation and Loss Provision/ (Reversal) In Current Year Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Reverse Mortgage Loans (D) $ 10,813 $ 12,112 $ — 7.0 % 4.7 N/A N/A 8.6 % Performing Loans 317,081 320,236 — 4.5 % 4.1 10.7 % 1.0 % 36.2 % Non-Performing Loans 664,215 677,797 (3,472 ) 5.6 % 3.0 2.3 % 3.0 % 30.0 % Total/Weighted Average $ 992,109 $ 1,010,145 $ (3,472 ) 5.3 % 3.4 31.7 % Consumer Loans $ 1,679,818 $ 1,694,916 $ 19,886 9.2 % 3.8 15.8 % 6.0 % 87.7 % (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% participation interest New Residential holds in the portfolio of reverse mortgage loans. Derivative Valuation New Residential enters into economic hedges including interest rate swaps, caps and TBAs, which are categorized as Level 2 in the valuation hierarchy. New Residential 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 and bonds 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 and bonds payable have an estimated fair value equal to their carrying value due to their short duration and generally floating interest rates. Longer-term notes and bonds payable are valued based on internal models utilizing both observable and unobservable inputs.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
Equity and Earnings Per Share [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends On January 26, 2017, New Residential’s board of directors declared a first quarter 2017 dividend of $0.48 per common share or $147.5 million , which was paid on April 28, 2017 to stockholders of record as of March 27, 2017. In February 2017, New Residential issued 56.5 million shares of its common stock in a public offering at a price to the public of $15.00 per share for net proceeds of approximately $834.5 million . One of New Residential’s executive officers participated in this offering and purchased 18,600 shares at the public offering price. To compensate the Manager for its successful efforts in raising capital for New Residential, in connection with this offering, New Residential granted options to the Manager relating to 5.7 million shares of New Residential’s common stock at the public offering price, which had a fair value of approximately $8.1 million as of the grant date. The assumptions used in valuing the options were: a 2.38% risk-free rate, a 10.82% dividend yield, 28.64% volatility and a 10 -year term. Approximately 2.4 million shares of New Residential’s common stock were held by Fortress, through its affiliates, and its principals at March 31, 2017 . Option Plan As of March 31, 2017 , New Residential’s outstanding options were summarized as follows: Held by the Manager 16,344,475 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 2,379,713 Issued to the independent directors 6,000 Total 18,730,188 The following table summarizes New Residential’s outstanding options as of March 31, 2017 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2017 was $16.98 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of March 31, 2017 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of March 31, 2017 (millions) Directors Various 6,000 6,000 $ 13.99 $ — Manager (C) 2007 228,000 228,000 29.92 — Manager (C) 2012 25,000 25,000 7.19 0.2 Manager (C) 2013 835,571 835,571 11.48 4.6 Manager (C) 2014 1,437,500 1,437,500 12.20 6.9 Manager (C) 2015 8,543,539 6,363,811 15.44 9.8 Manager (C) 2016 2,000,000 466,667 14.20 1.3 Manager (C) 2017 5,654,578 188,486 15.00 0.4 Outstanding 18,730,188 9,551,035 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise 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 Exercise Prices Total Unexercised Inception to Date 2007 $29.92 12,255 2014 $12.20 258,750 2015 $15.25 to $15.88 1,708,708 2016 $14.20 400,000 Total 2,379,713 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2016 outstanding options 13,196,610 Options granted 5,654,578 $ 15.00 Options exercised — $ — Options expired unexercised (121,000 ) March 31, 2017 outstanding options 18,730,188 See table above 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 options. During the three months ended March 31, 2017 , based on the treasury stock method, New Residential had 1,640,864 dilutive common stock equivalents outstanding. During the three months ended March 31, 2016 , based on the treasury stock method, New Residential had 67,510 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) and Consumer Loans (Note 9).

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation – Following the HLSS Acquisition, material potential claims, lawsuits, regulatory inquiries or investigations, 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 it does not believe there is a probable and reasonably estimable loss. Furthermore, New Residential cannot reasonably estimate the range of potential loss related to these legal contingencies at this time. However, the ultimate outcome of the proceedings described below may have a material adverse effect on New Residential’s business, financial position or results of operations. In addition to the matters described below, from time to time, New Residential is or may be involved in various disputes, litigation and regulatory inquiry and investigation matters that arise in the ordinary course of business. Given the inherent unpredictability of these types of proceedings, it is possible that future adverse outcomes could have a material adverse effect on its financial results. New Residential is not aware of any unasserted claims that it believes are material and probable of assertion where the risk of loss is expected to be reasonably possible. 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. On April 2, 2015, these lawsuits were consolidated into a single action, which is referred to as the “Securities Action.” On April 28, 2015, lead plaintiffs, lead counsel and liaison counsel were appointed in the Securities Action. On November 9, 2015, lead plaintiffs filed an amended class action complaint. On January 27, 2016, the Securities Action was transferred to the United States District Court for the Southern District of Florida and given the Index No. 16-CV-60165 (S.D. Fla.). The Securities Action names 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 Securities Action asserts causes of action under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) based on certain public disclosures made by HLSS relating to its relationship with Ocwen and HLSS’s risk management and internal controls. More specifically, the consolidated class action complaint alleges that a series of statements in HLSS’s disclosures were materially false and misleading, including statements about (i) Ocwen’s servicing capabilities; (ii) HLSS’s contingencies and legal proceedings; (iii) its risk management and internal controls; and (iv) certain related party transactions. The consolidated class action complaint also appears to allege that HLSS’s financial statements for the years ended 2012 and 2013, and the first quarter ended March 30, 2014, were false and misleading based on HLSS’s August 18, 2014 restatement. Lead plaintiffs in the Securities Action also allege that HLSS misled investors by failing to disclose, among other things, information regarding governmental investigations of Ocwen’s business practices. Lead plaintiffs seek money damages under the Exchange Act in an amount to be proven at trial and reasonable costs, expenses, and fees. On February 11, 2015, defendants filed motions to dismiss the Securities Action in its entirety. On June 6, 2016, all allegations except those regarding certain related party transactions were dismissed. New Residential intends to vigorously defend the Securities Action. Three shareholder derivative actions have been filed in the United States District Court for the Southern District of Florida purportedly on behalf of Ocwen: (i) Sokolowski v. Erbey, et al. , No. 14-CV-81601 (S.D. Fla.) (the “Sokolowski Action”); (ii) Hutt v. Erbey, et al., No. 15-CV-81709 (S.D. Fla.) (the “Hutt Action”); and (iii) Lowinger v. Erbey, et al. , No. 15-CV-62628 (S.D. Fla.) (the “Lowinger Action”). On November 9, 2015, HLSS filed a motion to dismiss the Sokolowski Action. While that motion was pending, the Hutt Action, which at the time did not name HLSS as a defendant, was transferred from the Northern District of Georgia to the Southern District of Florida and the Lowinger Action, which at the time also did not name HLSS as a defendant, was filed. On January 8, 2016, the court consolidated the three actions (the “Ocwen Derivative Action”) and denied HLSS’s motion to dismiss the Sokolowski complaint as moot and without prejudice to re-file a new motion to dismiss following the filing of a consolidated complaint. On March 8, 2016, plaintiffs filed their consolidated complaint. The consolidated complaint alleges, among other things, that certain directors and officers of Ocwen, including former HLSS Chairman William C. Erbey, breached their fiduciary duties to Ocwen by, among other things, causing Ocwen to enter into transactions that were harmful to Ocwen. The complaint further alleges that HLSS and others aided and abetted the alleged breaches of fiduciary duty by Mr. Erbey and the other directors and officers of Ocwen who have been named as defendants. The consolidated complaint also asserts causes of action against HLSS and others for unjust enrichment and for contribution. The lawsuit seeks money damages from HLSS in an amount to be proven at trial. On May 13, 2016, HLSS filed a motion to dismiss the consolidated complaint. On January 19, 2017, the court approved a settlement plaintiffs reached with Ocwen providing for a with prejudice dismissal and releases for all defendants, including HLSS and New Residential. Neither HLSS nor New Residential were required to make any settlement payment. A shareholder derivative action asserting some of the same claims made in the Ocwen Derivative Action, including that HLSS and others aided and abetted alleged breaches of fiduciary duties by directors and officers of Ocwen, including Mr. Erbey, has been filed in Florida state court in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida purportedly on behalf of Ocwen: Moncavage v. Faris, et al. , No. 2015CA003244 (Fla. Palm Beach Cty. Ct.). The lawsuit seeks money damages from HLSS in an amount to be proved at trial. HLSS has not been served. On March 1, 2017, the court dismissed the action without prejudice. New Residential is, from time to time, subject to inquiries by government entities. 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 its experience, New Residential expects the risk of material loss to be remote. Capital Commitments — As of March 31, 2017 , New Residential had outstanding capital commitments related to investments in the following investment types (also refer to Note 5 for MSR investment commitments and to Note 18 for additional capital commitments entered into subsequent to March 31, 2017 , if any): MSRs and Servicer Advances — New Residential and, in some cases, third-party co-investors agreed to purchase future Servicer Advances related to certain Non-Agency mortgage loans. In addition, New Residential’s subsidiary, NRM, is obligated to fund future Servicer Advances related to the loans it is obligated to service. 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 Notes 5 and 6 for information on New Residential’s investments in MSRs and Servicer Advances, respectively. 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. Environmental Costs — As a residential real estate owner, through its REO, New Residential is subject to potential environmental costs. At March 31, 2017 , New Residential is not aware of any environmental concerns that would have a material adverse effect on its consolidated financial position or results of operations. 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 Drive Shack under applicable U.S. federal income tax rules, and if Drive Shack failed to qualify as a REIT for a taxable year ending on or before December 31, 2014, New Residential could be prohibited from electing to be a REIT. Accordingly, in the separation and distribution agreement executed in connection with New Residential’s spin-off from Drive Shack, Drive Shack (i) represented that it had 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 Drive Shack’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 Drive Shack’s taxable years ending on or before December 31, 2014 (unless Drive Shack obtains an opinion from a nationally recognized tax counsel or a private letter ruling from the U.S. Internal Revenue Service (“IRS”) to the effect that Drive Shack’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 AN

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES	3 Months Ended
	Mar. 31, 2017
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 12 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. If the Management Agreement is terminated, the Manager may require New Residential to purchase from the Manager the right of the Manager to receive the Incentive Compensation. In exchange therefor, New Residential would be obligated to pay the Manager a cash purchase price equal to the amount of the Incentive Compensation that would be paid to the Manager if all of New Residential’s assets were sold for cash at their then current fair market value (taking into account, among other things, expected future performance of the underlying investments). 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. 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 Drive Shack on the date of the spin-off, plus total net proceeds from stock offerings, plus certain capital contributions to subsidiaries, less capital distributions and repurchases of common stock. In addition, 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 No. 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, plus earnings (or losses) from equity method investees invested in Excess MSRs as if such equity method investees had not made a fair value election, plus gains (or losses) from debt restructuring and gains (or losses) from sales of property, and plus non-routine items, minus amortization of non-routine items, 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 Drive Shack 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 Drive Shack’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, 2017 December 31, 2016 Management fees $ 9,393 $ 3,689 Incentive compensation 12,460 42,197 Expense reimbursements and other 1,266 1,462 $ 23,119 $ 47,348 Affiliate expenses and fees were comprised of: Three Months Ended 2017 2016 Management fees $ 13,074 $ 10,008 Incentive compensation 12,460 1,196 Expense reimbursements (A) 125 125 Total $ 25,659 $ 11,329 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income. See Notes 4, 5, 6, 8, 11 and 14 for a discussion of transactions with Nationstar. As of March 31, 2017 , 63.6% , 10.2% and 33.1% of the UPB of the loans underlying New Residential’s investments in Excess MSRs, MSRs and Servicer Advances, respectively, was serviced, subserviced or master serviced by Nationstar. As of March 31, 2017 , a total face amount of $5.4 billion of New Residential’s Non-Agency RMBS portfolio and approximately $30.5 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 $16.3 billion as of March 31, 2017 . New Residential holds a limited right to cleanup call options with respect to certain securitization trusts serviced or master serviced by Nationstar whereby, when the outstanding balance of the underlying residential mortgage loans falls below a pre-determined threshold, it can effectively purchase the underlying residential mortgage loans at par, plus unreimbursed Servicer Advances, and repay all of the outstanding securitization financing at par, in exchange for a fee of 0.75% of UPB paid to Nationstar at the time of exercise. In connection with New Residential’s exercise of certain of these call rights, and certain other call rights acquired by New Residential in connection with the SLS Transaction, in 2014 and 2015, New Residential has made, and expects to continue to make, payments to funds managed by an affiliate of Fortress in respect of Excess MSRs held by the funds affected by the exercise of the call rights (“MSR Fund Payments”). During 2017 , New Residential accrued for MSR Fund Payments in an aggregate amount of approximately $0.1 million and has also caused an aggregate of $0.1 million of securities to be transferred to such funds in 2017 . New Residential continues to evaluate the call rights it purchased from Nationstar, and its ability to exercise such rights and realize the benefits therefrom are subject to a number of risks. The actual UPB of the residential mortgage loans on which New Residential can successfully exercise call rights and realize the benefits therefrom may differ materially from its initial assumptions. As of March 31, 2017 , $679.6 million UPB of New Residential’s residential mortgage loans and $31.7 million of New Residential’s REO were being serviced or master serviced by Nationstar. Additionally, in the ordinary course of business, New Residential engages Nationstar to administer the termination of securitization trusts that it collapses pursuant to its call rights. 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 OneMain and Note 4 regarding co-investments with Fortress-managed funds.

RECLASSIFICATION FROM ACCUMULAT

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME	3 Months Ended
	Mar. 31, 2017
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 Income Components Statement of Income Location Three Months Ended 2017 2016 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (993 ) $ (133 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 2,112 3,254 Total reclassifications $ 1,119 $ 3,121 New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented, as no taxable subsidiary generated other comprehensive income.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense (benefit) consists of the following: Three Months Ended 2017 2016 Current: Federal $ 2,108 $ 458 State and Local 70 — Total Current Income Tax Expense (Benefit) 2,178 458 Deferred: Federal 2,746 (9,450 ) State and Local 672 (1,231 ) Total Deferred Income Tax Expense (Benefit) 3,418 (10,681 ) Total Income Tax Expense (Benefit) $ 5,596 $ (10,223 ) New Residential intends to qualify as a REIT for each of its tax years through December 31, 2017 . 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 various securitization vehicles and has made certain investments, particularly its investments in MSRs (Note 5), Servicer Advances (Note 6) and REO (Note 8), through taxable REIT subsidiaries (“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. New Residential has recorded a net deferred tax asset of approximately $147.9 million as of March 31, 2017 , primarily related to basis differences in all Servicer Advances held by New Residential’s TRSs and related net operating loss carry forwards. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. As of March 31, 2017 , New Residential recorded a partial valuation allowance related to certain net operating losses and loan loss reserves as management does not believe that it is more likely than not that these deferred tax assets will be realized.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These financial statements include a discussion of material events that have occurred subsequent to March 31, 2017 (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. Corporate Activities On January 26, 2017, New Residential’s board of directors declared a first quarter 2017 dividend of $0.48 per common share or $147.5 million , which was paid on April 28, 2017 to stockholders of record as of March 27, 2017. Executed Calls In April 2017, New Residential executed calls on 14 seasoned non-Agency securitization trusts. New Residential acquired approximately $382.6 million UPB of residential mortgage loans for a total purchase price of approximately $382.8 million . In April 2017, New Residential securitized approximately $668.0 million UPB of performing loans from this and prior acquisitions.

ORGANIZATION AND BASIS OF PRE26

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	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 note 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, 2016 and notes thereto included in New Residential’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”). Capitalized terms used herein, and not otherwise defined, are defined in New Residential’s consolidated financial statements for the year ended December 31, 2016 . Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 2018. Early adoption is only permitted after December 31, 2016. 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 has evaluated the new guidance and determined that interest income, gains and losses on financial instruments and income from servicing residential mortgage loans are outside the scope of ASC No. 606. For income from servicing residential mortgage loans, New Residential considered that the FASB Transition Resource Group members generally agreed that an entity should look to ASC No. 860, Transfers and Servicing, to determine the appropriate accounting for these fees and ASC No. 606 contains a scope exception for contracts that fall under ASC No. 860. As a result, New Residential does not expect the adoption of ASU No. 2014-09 to have a material impact on its condensed consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. The standard: (i) requires that certain equity investments be measured at fair value, and modifies the assessment of impairment for certain other equity investments, (ii) changes certain disclosure requirements related to the fair value of financial instruments measured at amortized cost, (iii) changes certain disclosure requirements related to liabilities measured at fair value, (iv) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and (v) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU No. 2016-01 is effective for New Residential in the first quarter of 2018. Early adoption is generally not permitted. An entity should apply ASU No. 2016-01 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential does not expect the adoption of ASU No. 2016-01 to have a material impact on its condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . The standard requires that a financial asset measured at amortized cost basis be presented at the net amount expected to be collected, net of an allowance for all expected (rather than incurred) credit losses. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The standard also changes the accounting for purchased credit deteriorated assets and available-for-sale securities, which will require the recognition of credit losses through a valuation allowance when fair value is less than amortized cost, regardless of whether the impairment is considered to be other-than-temporary. ASU No. 2016-13 is effective for New Residential in the first quarter of 2020. Early adoption is permitted beginning in 2019. An entity should apply ASU No. 2016-13 by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. New Residential is currently evaluating the new guidance to determine the impact it may have on its condensed consolidated financial statements, which at the date of adoption is expected to increase the allowance for credit losses with a resulting negative adjustment to retained earnings. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments. The standard provides guidance on the treatment of certain transactions within the statement of cash flows. ASU No. 2016-15 is effective for New Residential in the first quarter of 2018. Early adoption is permitted. New Residential adopted ASU No. 2016-15 in the third quarter of 2016 and it did not have an impact on its condensed consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory . The standard requires recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 is effective for New Residential in the first quarter of 2018. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not been issued. New Residential does not expect the adoption of ASU No. 2016-16 to have a material impact on its condensed consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash . The standard requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash. ASU No. 2016-18 is effective for New Residential in the first quarter of 2018. Early adoption is permitted. New Residential adopted ASU No. 2016-18 in the fourth quarter of 2016 and has included changes in restricted cash in its statements of cash flows for all periods presented.

OTHER INCOME, ASSETS AND LIAB27

OTHER INCOME, ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Other Income Assets And Liabilities
Schedule of Other Income	Other income (loss), net, is comprised of the following: Three Months Ended 2017 2016 Unrealized gain (loss) on derivative instruments $ 4,326 $ (24,557 ) Unrealized gain (loss) on other ABS 758 268 Gain (loss) on transfer of loans to REO 6,634 2,483 Gain (loss) on transfer of loans to other assets 212 517 Gain on Excess MSR recapture agreements 627 732 Other income (loss) (5,713 ) 3,808 $ 6,844 $ (16,749 )
Schedule of Gain (Loss) on Settlement of Investments	Gain (loss) on settlement of investments, net is comprised of the following: Three Months Ended 2017 2016 Gain (loss) on sale of real estate securities, net $ 993 $ 16,133 Gain (loss) on sale of residential mortgage loans, net 2,565 2,277 Gain (loss) on settlement of derivatives (11,836 ) (30,379 ) Gain (loss) on liquidated residential mortgage loans (2,216 ) (275 ) Gain (loss) on sale of REO (2,610 ) 151 Other gains (losses) (570 ) (153 ) $ (13,674 ) $ (12,246 )
Schedule of Other Assets and Liabilities	Other assets and liabilities are comprised of the following: Other Assets Accrued Expenses and Other Liabilities March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016 Margin receivable, net $ 64,557 $ 55,481 Interest payable $ 22,821 $ 23,108 Other receivables 9,986 16,350 Accounts payable 40,651 31,299 Principal and interest receivable 54,776 52,738 Derivative liabilities (Note 10) 16,685 3,021 Receivable from government agency 48,356 54,706 Current taxes payable 4,517 2,314 Call rights 337 337 Due to servicers 63,977 77,148 Derivative assets (Note 10) 4,159 6,762 MSR purchase price holdback 120,437 60,436 Servicing fee receivables 21,621 7,405 Other liabilities 7,010 8,118 Ginnie Mae EBO servicer advance receivable, net 13,184 14,829 $ 276,098 $ 205,444 Due from servicers 23,064 22,134 Servicer advances receivable, net (A) 104,764 81,582 Investment in consumer loans, equity method investees 41,314 — Prepaid expenses 9,257 9,487 Other assets 8,089 4,269 $ 403,464 $ 326,080 (A) Represents Servicer Advances due to New Residential’s licensed servicer subsidiary, New Residential Mortgage LLC (Note 5).
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 2017 2016 Accretion of servicer advance interest income $ 76,043 $ 78,637 Accretion of excess mortgage servicing rights income 31,418 42,968 Accretion of net discount on securities and loans (A) 88,984 37,128 Amortization of deferred financing costs (3,574 ) (4,785 ) Amortization of discount on notes and bonds payable (447 ) (278 ) $ 192,424 $ 153,670 (A) Includes accretion of the accretable yield on PCD loans.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2017
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 MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended March 31, 2017 Interest income $ 31,418 $ 25 $ 76,704 $ 93,808 $ 17,993 $ 72,406 $ 184 $ 292,538 Interest expense 10,072 987 43,876 20,881 7,540 14,873 — 98,229 Net interest income (expense) 21,346 (962 ) 32,828 72,927 10,453 57,533 184 194,309 Impairment — — — 2,112 (2,018 ) 19,928 — 20,022 Servicing revenue, net — 40,602 — — — — — 40,602 Other income (loss) 1,204 213 1,801 (5,596 ) (1,336 ) 20 — (3,694 ) Operating expenses 86 19,723 824 331 5,853 11,438 30,186 68,441 Income (Loss) Before Income Taxes 22,464 20,130 33,805 64,888 5,282 26,187 (30,002 ) 142,754 Income tax expense (benefit) — (1,279 ) 9,192 — (2,317 ) — — 5,596 Net Income (Loss) $ 22,464 $ 21,409 $ 24,613 $ 64,888 $ 7,599 $ 26,187 $ (30,002 ) $ 137,158 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ — $ 5,820 $ — $ — $ 9,960 $ — $ 15,780 Net income (loss) attributable to common stockholders $ 22,464 $ 21,409 $ 18,793 $ 64,888 $ 7,599 $ 16,227 $ (30,002 ) $ 121,378 Servicing Related Assets Residential Securities and Loans Excess MSRs MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total March 31, 2017 Investments $ 1,555,211 $ 1,694,792 $ 5,137,320 $ 5,838,595 $ 1,320,454 $ 1,679,818 $ — $ 17,226,190 Cash and cash equivalents 819 116,402 88,266 1,176 6,392 13,706 9,796 236,557 Restricted cash 16,664 4,166 73,772 — — 63,771 — 158,373 Other assets 2,417 115,686 168,098 1,921,221 99,100 87,072 15,273 2,408,867 Total assets $ 1,575,111 $ 1,931,046 $ 5,467,456 $ 7,760,992 $ 1,425,946 $ 1,844,367 $ 25,069 $ 20,029,987 Debt $ 804,835 $ 341,896 $ 5,013,133 $ 4,974,549 $ 1,059,165 $ 1,641,636 $ — $ 13,835,214 Other liabilities 2,311 187,112 21,392 1,474,360 25,514 7,054 175,270 1,893,013 Total liabilities 807,146 529,008 5,034,525 6,448,909 1,084,679 1,648,690 175,270 15,728,227 Total equity 767,965 1,402,038 432,931 1,312,083 341,267 195,677 (150,201 ) 4,301,760 Noncontrolling interests in equity of consolidated subsidiaries — — 164,702 — — 34,946 — 199,648 Total New Residential stockholders’ equity $ 767,965 $ 1,402,038 $ 268,229 $ 1,312,083 $ 341,267 $ 160,731 $ (150,201 ) $ 4,102,112 Investments in equity method investees $ 185,870 $ — $ — $ — $ — $ 41,314 $ — $ 227,184 Servicing Related Assets Residential Securities and Loans Excess MSRs Servicer Advances Real Estate Securities Residential Mortgage Loans Consumer Loans Corporate Total Three Months Ended March 31, 2016 Interest income $ 42,968 $ 80,967 $ 45,913 $ 19,493 $ 1 $ 694 $ 190,036 Interest expense 2,934 63,075 7,484 7,390 345 — 81,228 Net interest income (expense) 40,034 17,892 38,429 12,103 (344 ) 694 108,808 Impairment — — 3,254 6,745 — — 9,999 Servicing revenue, net — — — — — — — Other income (loss) 11,693 (27,391 ) (36,461 ) 2,873 81,193 15 31,922 Operating expenses 232 994 461 4,334 1,604 17,391 25,016 Income (Loss) Before Income Taxes 51,495 (10,493 ) (1,747 ) 3,897 79,245 (16,682 ) 105,715 Income tax expense (benefit) — (10,002 ) — (221 ) — — (10,223 ) Net Income (Loss) $ 51,495 $ (491 ) $ (1,747 ) $ 4,118 $ 79,245 $ (16,682 ) $ 115,938 Noncontrolling interests in income (loss) of consolidated subsidiaries $ — $ 4,202 $ — $ — $ — $ — $ 4,202 Net income (loss) attributable to common stockholders $ 51,495 $ (4,693 ) $ (1,747 ) $ 4,118 $ 79,245 $ (16,682 ) $ 111,736

INVESTMENTS IN EXCESS MORTGAG29

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2017
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 direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2016 $ 611,293 $ 3,935 $ 784,227 $ 1,399,455 Purchases — — — — Interest income 13,120 (123 ) 18,420 31,417 Other income 627 — — 627 Proceeds from repayments (31,745 ) (231 ) (31,003 ) (62,979 ) Change in fair value 4,582 115 (3,876 ) 821 Balance as of March 31, 2017 $ 597,877 $ 3,696 $ 767,768 $ 1,369,341 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2016 $ 659,483 Purchases 1,062,364 Amortization of servicing rights (A) (26,296 ) Change in valuation inputs and assumptions (759 ) Balance as of March 31, 2017 $ 1,694,792 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of March 31, 2017 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Mortgage Servicing Rights $ 185,291,769 6.8 $ 1,591,872 $ 1,694,792 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of March 31, 2017 , a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs.
Summary of Direct Investments in Excess MSRs	The following is a summary of New Residential’s direct investments in Excess MSRs: March 31, 2017 December 31, 2016 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 (D) Fortress-managed funds Nationstar Agency Original and Recaptured Pools $ 75,664,398 32.5% - 66.7% (53.2%) 0.0% - 40.0% 20.0% - 35.0% 6.0 $ 287,439 $ 318,612 $ 330,323 Recapture Agreements — 32.5% - 66.7% (53.2%) 0.0% - 40.0% 20.0% - 35.0% 12.6 23,123 50,844 51,434 75,664,398 6.5 310,562 369,456 381,757 Non-Agency (E) Nationstar and SLS Serviced: Original and Recaptured Pools $ 74,698,518 33.3% - 100.0% (59.2%) 0.0% - 50.0% 0.0% - 33.3% 5.4 $ 177,885 $ 213,357 $ 219,980 Recapture Agreements — 33.3% - 100.0% (59.2%) 0.0% - 50.0% 0.0% - 33.3% 12.4 10,381 18,760 13,491 Ocwen Serviced Pools 116,902,804 100.0% — % — % 6.5 728,831 767,768 784,227 191,601,322 6.4 917,097 999,885 1,017,698 Total $ 267,265,720 6.4 $ 1,227,659 $ 1,369,341 $ 1,399,455 (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) Amounts in parentheses represent weighted averages. (E) New Residential also invested in related Servicer Advances, including the basic fee component of the related MSR as of March 31, 2017 (Note 6) on $177.9 billion UPB underlying these Excess MSRs. Changes in fair value recorded in other income is comprised of the following: Three Months Ended 2017 2016 Original and Recaptured Pools $ (7,248 ) $ 5,697 Recapture Agreements 8,069 2,229 $ 821 $ 7,926
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, 2017 December 31, 2016 Excess MSR assets $ 353,746 $ 372,391 Other assets 17,994 17,184 Other liabilities — — Equity $ 371,740 $ 389,575 New Residential’s investment $ 185,870 $ 194,788 New Residential’s ownership 50.0 % 50.0 % Three Months Ended 2017 2016 Interest income $ 4,182 $ 8,081 Other income (loss) (4,646 ) (2,014 ) Expenses (25 ) (23 ) Net income $ (489 ) $ 6,044 New Residential’s investments in equity method investees changed during the three months ended March 31, 2017 as follows: Balance at December 31, 2016 $ 194,788 Contributions to equity method investees — Transfers to direct ownership — Distributions of earnings from equity method investees (5,805 ) Distributions of capital from equity method investees (2,869 ) Change in fair value of investments in equity method investees (244 ) Balance at March 31, 2017 $ 185,870
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, 2017 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 $ 58,610,831 66.7 % 50.0 % $ 236,888 $ 298,235 5.8 Recapture Agreements — 66.7 % 50.0 % 27,525 55,511 12.5 Total $ 58,610,831 $ 264,413 $ 353,746 6.5 (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 Direct Investment in Excess MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the Excess MSR investments: Aggregate Direct and Equity Method Investees Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2017 December 31, 2016 California 24.0 % 24.1 % Florida 8.6 % 8.6 % New York 8.0 % 7.9 % Texas 4.6 % 4.6 % New Jersey 4.2 % 4.2 % Maryland 3.7 % 3.7 % Illinois 3.5 % 3.5 % Virginia 3.1 % 3.1 % Georgia 3.1 % 3.1 % Massachusetts 2.7 % 2.7 % Washington 2.6 % 2.6 % Arizona 2.5 % 2.5 % Other U.S. 29.4 % 29.4 % 100.0 % 100.0 %

INVESTMENTS IN MORTGAGE SERVI30

INVESTMENTS IN MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Fees Earned in Exchange for Servicing Financial Assets	Servicing revenue, net recognized by New Residential related to its investments in MSRs was comprised of the following: Three Months Ended Servicing fee revenue $ 65,469 Ancillary and other fees 2,188 Servicing fee revenue and fees 67,657 Amortization of servicing rights (26,296 ) Change in valuation inputs and assumptions (759 ) Servicing revenue, net $ 40,602
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 direct investments in Excess MSRs: Servicer Nationstar SLS (A) Ocwen (B) Total Balance as of December 31, 2016 $ 611,293 $ 3,935 $ 784,227 $ 1,399,455 Purchases — — — — Interest income 13,120 (123 ) 18,420 31,417 Other income 627 — — 627 Proceeds from repayments (31,745 ) (231 ) (31,003 ) (62,979 ) Change in fair value 4,582 115 (3,876 ) 821 Balance as of March 31, 2017 $ 597,877 $ 3,696 $ 767,768 $ 1,369,341 (A) Specialized Loan Servicing LLC (“SLS”). (B) Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS. The following table presents activity related to the carrying value of New Residential’s investments in MSRs: Balance as of December 31, 2016 $ 659,483 Purchases 1,062,364 Amortization of servicing rights (A) (26,296 ) Change in valuation inputs and assumptions (759 ) Balance as of March 31, 2017 $ 1,694,792 (A) Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans. The following is a summary of New Residential’s investments in MSRs as of March 31, 2017 : UPB of Underlying Mortgages Weighted Average Life (Years) (A) Amortized Cost Basis Carrying Value (B) Mortgage Servicing Rights $ 185,291,769 6.8 $ 1,591,872 $ 1,694,792 (A) Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Carrying Value represents fair value. As of March 31, 2017 , a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs.
Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans of the Direct Investment in MSRs	The table below summarizes the geographic distribution of the underlying residential mortgage loans of the investments in MSRs: Percentage of Total Outstanding Unpaid Principal Amount State Concentration March 31, 2017 December 31, 2016 California 21.3 % 20.5 % Texas 6.0 % 6.3 % Florida 5.9 % 7.3 % New York 5.8 % 2.8 % Illinois 4.4 % 4.1 % New Jersey 4.4 % 4.5 % Massachusetts 4.1 % 4.1 % Michigan 4.0 % 3.1 % Georgia 3.1 % 2.7 % Pennsylvania 3.0 % 2.9 % Other U.S. 38.0 % 41.7 % 100.0 % 100.0 %

INVESTMENTS IN SERVICER ADVAN31

INVESTMENTS IN SERVICER ADVANCES (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, All Other Investments [Abstract]
Summary of Investments in Servicer Advances	The following is a summary of the investments made by New Residential 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 Yield Weighted Average Life (Years) (B) March 31, 2017 Servicer Advances (C) $ 5,015,655 $ 5,037,172 5.6 % 5.6 % 4.9 As of December 31, 2016 Servicer Advances (C) $ 5,687,635 $ 5,706,593 5.6 % 5.5 % 4.6 (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. (C) Excludes asset-backed securities collateralized by Servicer Advances, which have aggregate face amounts of $100.0 million and $100.0 million and aggregate carrying values of $100.1 million and $100.1 million as of March 31, 2017 and December 31, 2016 , respectively. See Note 7 for details related to these securities. Three Months Ended 2017 2016 Changes in Fair Value Recorded in Other Income $ 2,559 $ (31,224 ) The following is additional information regarding the Servicer Advances and related financing: Loan-to-Value (“LTV”) (A) Cost of Funds (C) UPB of Underlying Residential Mortgage Loans Outstanding Servicer Advances Servicer Advances to UPB of Underlying Residential Mortgage Loans Face Amount of Notes and Bonds Payable Gross Net (B) Gross Net March 31, 2017 Servicer Advances (D) $ 177,919,442 $ 5,078,268 2.9 % $ 4,858,413 93.5 % 92.4 % 3.3 % 2.9 % December 31, 2016 Servicer Advances (D) $ 186,362,657 $ 5,617,759 3.0 % $ 5,560,412 94.5 % 93.4 % 3.2 % 2.8 % (A) Based on outstanding Servicer Advances, excluding purchased but unsettled Servicer Advances and certain deferred servicing fees (“DSF”) on which New Residential receives financing. If New Residential were to include these DSF in the Servicer Advance balance, gross and net LTV as of March 31, 2017 would be 88.4% and 87.3% , respectively. Also excludes retained Non-Agency bonds with a current face amount of $100.7 million from the outstanding Servicer Advances debt. If New Residential were to sell these bonds, gross and net LTV as of March 31, 2017 would be 95.4% and 94.3% , respectively. (B) Ratio of face amount of borrowings to par amount of Servicer Advance collateral, net of any general reserve. (C) 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. (D) The following types of advances comprise the investments in Servicer Advances: March 31, 2017 December 31, 2016 Principal and interest advances $ 1,281,528 $ 1,489,929 Escrow advances (taxes and insurance advances) 2,345,717 2,613,050 Foreclosure advances 1,451,023 1,514,780 Total $ 5,078,268 $ 5,617,759
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 2017 2016 Interest income, gross of amounts attributable to servicer compensation $ 73,856 $ 227,288 Amounts attributable to base servicer compensation (4,147 ) (29,509 ) Amounts attributable to incentive servicer compensation 6,334 (119,142 ) Interest income from investments in Servicer Advances $ 76,043 $ 78,637 New Residential has determined that the Buyer is a VIE. The following table presents information on the assets and liabilities related to this consolidated VIE. As of March 31, 2017 December 31, 2016 Assets Servicer Advance investments, at fair value $ 1,457,785 $ 1,731,633 Cash and cash equivalents 34,935 37,854 All other assets 19,306 19,799 Total assets (A) $ 1,512,026 $ 1,789,286 Liabilities Notes and bonds payable $ 1,203,655 $ 1,464,851 All other liabilities 4,536 5,187 Total liabilities (A) $ 1,208,191 $ 1,470,038 (A) The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations. Others’ interests in the equity of the Buyer is computed as follows: March 31, 2017 December 31, 2016 Total Advance Purchaser LLC equity $ 303,835 $ 319,248 Others’ ownership interest 54.2 % 54.2 % Others’ interest in equity of consolidated subsidiary $ 164,702 $ 173,057 Others’ interests in the Buyer’s net income is computed as follows: Three Months Ended 2017 2016 Net Advance Purchaser LLC income $ 10,736 $ 7,575 Others’ ownership interest as a percent of total (A) 54.2 % 55.5 % Others’ interest in net income of consolidated subsidiaries $ 5,820 $ 4,202 (A) As a result, New Residential owned 45.8% and 44.5% of the Buyer, on average during the three months ended March 31, 2017 and 2016 , respectively. See Note 11 regarding the financing of Servicer Advances.

INVESTMENTS IN REAL ESTATE SE32

INVESTMENTS IN REAL ESTATE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Summary of Real Estate Securities	Activities related to New Residential’s investments in real estate securities were as follows: Three Months Ended (in millions) Agency Non Agency Purchases Face $ 1,808.1 $ 2,121.5 Purchase Price $ 1,851.4 $ 1,012.5 Sales Face $ 1,811.6 $ 35.0 Amortized Cost $ 1,856.2 $ 23.1 Sale Price $ 1,851.9 $ 28.3 Gain (Loss) on Sale $ (4.3 ) $ 5.2 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. March 31, 2017 December 31, 2016 Gross Unrealized Weighted Average Asset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value (A) Number of Securities Rating (B) Coupon (C) Yield Life (Years) (D) Principal Subordination (E) Carrying Value Agency RMBS (F) (G) $ 1,463,668 $ 1,507,475 $ 1,012 $ (5,323 ) $ 1,503,164 56 AAA 3.49 % 2.99 % 9.6 N/A $ 1,530,298 Non-Agency RMBS (H) (I) 9,052,180 4,272,365 185,188 (21,974 ) 4,435,579 636 CCC 1.86 % 5.75 % 7.9 9.4 % 3,543,560 Total/ Weighted Average $ 10,515,848 $ 5,779,840 $ 186,200 $ (27,297 ) $ 5,938,743 692 B+ 2.27 % 5.03 % 8.4 $ 5,073,858 (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 204 bonds with a carrying value of $305.4 million 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) Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $186.0 million and $0.0 million , respectively, for which no coupon payment is expected. (D) The weighted average life is based on the timing of expected principal reduction on the assets. (E) Percentage of the amortized cost basis of securities that is subordinate to New Residential’s investments, excluding fair value option securities and servicer advance bonds. (F) Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac. (G) The total outstanding face amount was $1.3 billion for fixed rate securities and $133.4 million for floating rate securities as of March 31, 2017 . (H) The total outstanding face amount was $1.2 billion (including $0.7 billion of residual and fair value option notional amount) for fixed rate securities and $7.8 billion (including $2.6 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2017 . (I) Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by Servicer Advances and (iii) corporate debt. 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 Servicer Advance Bonds $ 100,000 $ 99,801 $ 347 $ — $ 100,148 1 AAA 3.21 % 3.11 % 0.5 N/A Corporate Debt 27,500 27,225 653 — 27,878 1 B+ 6.55 % 6.82 % 4.9 N/A Fair Value Option Securities Interest-only Securities 2,639,832 142,958 6,662 (7,267 ) 142,353 33 AA+ 1.76 % 5.64 % 3.4 N/A Servicing Strips 443,439 5,422 539 (151 ) 5,810 12 N/A 0.27 % 21.95 % 6.4 N/A
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, 2017 . Amortized Cost Basis Weighted Average Securities in an Unrealized Loss Position Outstanding Face Amount Before Impairment Other-Than- Temporary Impairment (A) After Impairment Gross Unrealized Losses Carrying Value Number of Securities Rating (B) Coupon Yield Life (Years) Less than 12 Months $ 1,481,506 $ 761,309 $ (1,313 ) $ 759,996 $ (13,192 ) $ 746,804 183 CCC+ 1.62 % 5.26 % 7.7 12 or More Months 906,464 281,437 (701 ) 280,736 (14,105 ) 266,631 47 BBB 2.20 % 3.95 % 5.9 Total/Weighted Average $ 2,387,970 $ 1,042,746 $ (2,014 ) $ 1,040,732 $ (27,297 ) $ 1,013,435 230 B 1.78 % 4.91 % 7.2 (A) This amount represents OTTI recorded on securities that are in an unrealized loss position as of March 31, 2017 . (B) The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 78 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 10 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, 2017 Gross 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 required to sell (D) — — — N/A Securities New Residential has no intent to sell and is not more likely than not to be required to sell: Credit impaired securities 284,321 291,456 (2,014 ) (7,135 ) Non-credit impaired securities 729,114 749,276 — (20,162 ) Total debt securities in an unrealized loss position $ 1,013,435 $ 1,040,732 $ (2,014 ) $ (27,297 ) (A) This amount is required to be recorded as OTTI through earnings. In measuring the portion of credit losses, New Residential 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 New Residential’s expectations of prepayment rates, 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 no t have unrealized losses reflected in other comprehensive income as of March 31, 2017 . (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, 2017 Beginning balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 15,495 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 765 Additions for credit losses on securities for which an OTTI was not previously recognized 1,347 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 (350 ) Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income $ 17,257
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: March 31, 2017 December 31, 2016 Geographic Location (A) Outstanding Face Amount Percentage of Total Outstanding Outstanding Face Amount Percentage of Total Outstanding Western U.S. $ 3,323,021 37.2 % $ 2,757,424 38.3 % Southeastern U.S. 2,027,297 22.7 % 1,635,596 22.7 % Northeastern U.S. 1,883,692 21.1 % 1,426,519 19.8 % Midwestern U.S. 981,858 11.0 % 778,372 10.8 % Southwestern U.S. 681,889 7.7 % 557,033 7.7 % Other (B) 26,923 0.3 % 47,274 0.7 % $ 8,924,680 100.0 % $ 7,202,218 100.0 % (A) Excludes $127.5 million and $100.0 million face amount of bonds backed by Servicer Advances and Corporate Debt at March 31, 2017 and December 31, 2016 , respectively. (B) 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 fair value option securities: Outstanding Face Amount Carrying Value March 31, 2017 $ 3,769,689 $ 2,377,966 December 31, 2016 2,951,498 1,871,466
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, 2017 Balance at December 31, 2016 $ 1,200,125 Additions 285,249 Accretion (35,008 ) Reclassifications from (to) non-accretable difference 215,818 Disposals (26,541 ) Balance at March 31, 2017 $ 1,639,643

INVESTMENTS IN RESIDENTIAL MO33

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 December 31, 2016 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) Carrying Value Loan Type Reverse Mortgage Loans (E) (F) $ — $ — — — % — — % — % — % N/A $ — Performing Loans (G) — — — — % — — % — % — % — — Purchased Credit Deteriorated Loans (H) 194,655 182,939 1,104 5.5 % 2.9 8.3 % 74.2 % 82.8 % 589 190,761 Total Residential Mortgage Loans, held-for-investment $ 194,655 $ 182,939 1,104 5.5 % 2.9 8.3 % 74.2 % 82.8 % 589 $ 190,761 Reverse Mortgage Loans (E) (F) $ 21,677 $ 10,813 64 7.0 % 4.7 15.8 % 137.3 % 73.7 % N/A $ 11,468 Performing Loans (G) (I) 481,608 483,106 7,467 4.3 % 5.2 8.4 % 63.0 % 2.6 % 660 175,194 Non-Performing Loans (H) (I) 771,338 564,265 4,527 5.7 % 3.1 18.5 % 100.4 % 68.5 % 573 510,003 Total Residential Mortgage Loans, held-for-sale $ 1,274,623 $ 1,058,184 12,058 5.2 % 3.9 14.6 % 86.5 % 43.7 % 607 $ 696,665 (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 is 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% participation interest that New Residential holds in a portfolio of reverse mortgage loans. The average loan balance outstanding based on total UPB was $0.5 million . Approximately 61% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans. (F) FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan. (G) Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due. (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, 2017 , New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below. (I) Includes $36.6 million and $76.7 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.
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 State Concentration March 31, 2017 December 31, 2016 California 15.3 % 10.3 % New York 14.8 % 16.7 % Florida 9.8 % 11.4 % New Jersey 8.0 % 9.6 % Texas 5.0 % 3.9 % Maryland 4.2 % 4.7 % Illinois 3.6 % 4.0 % Massachusetts 3.1 % 3.5 % Georgia 2.5 % 2.3 % Pennsylvania 2.1 % 2.9 % Other U.S. 31.6 % 30.7 % 100.0 % 100.0 %
Schedule of Residential Mortgage Loan Transactions	The following table summarizes these transactions (dollars in millions). Securities Owned Prior Assets Acquired Loans Sold (C) Retained Bonds Retained Assets (C) Date of Call (A) Number of Trusts Called Face Amount Amortized Cost Basis Loan UPB Loan Price (B) REO & Other Price (B) Date of Securitization UPB Gain (Loss) Basis Type Loan UPB Loan Price REO & Other Price January 2017 2 $ 49.3 $ 43.6 $ 98.8 $ 96.7 $ 7.5 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) February 2017 31 60.9 40.1 882.0 895.5 10.1 March 2017 $ 773.8 $ 2.1 $ 81.9 Various $ 105.9 $ 90.1 $ 10.8 March 2017 12 — — 222.4 228.8 0.4 N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) N/A (C) (A) Any related securitization may occur on the same or a subsequent date, depending on market conditions and other factors. Except as otherwise noted in (C) below, there was one securitization associated with each call. (B) Price includes par amount paid for all underlying residential mortgage loans of the trusts, plus the basis of the exercised call rights, plus advances and costs incurred (including MSR Fund Payments, as defined in Note 15) in exercising such call rights. (C) Loans were sold through a securitization which was treated as a sale for accounting purposes. Retained assets are reflected as of the date of the relevant securitization. No loans from the December 2016, January 2017 or March 2017 calls had been securitized by March 31, 2017.
Summary of Activities Related to the Carrying Value of Reverse Mortgage Loans and Performing Loans and PCD Loans Held-for-Investment	Activities related to the carrying value of PCD loans held-for-investment were as follows: Balance at December 31, 2016 $ 190,761 Purchases/additional fundings — Sales — Proceeds from repayments (4,305 ) Accretion of loan discount and other amortization 4,102 Transfer of loans to real estate owned (7,619 ) Transfer of loans to held-for-sale — Balance at March 31, 2017 $ 182,939
Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses on Performing Loans Held-for-Investment	Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2016 $ 2,441 $ 997 $ 3,438 Provision (reversal) for loan losses 18,549 (46 ) 18,503 Net charge-offs (C) (18,305 ) — (18,305 ) Balance at March 31, 2017 $ 2,685 $ 951 $ 3,636 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of March 31, 2017 , there are $6.3 million in UPB and $5.4 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $2.5 million in recoveries of previously charged-off UPB.
Summary of Unpaid Principal Balance and Carrying Value for Loans Uncollectible	The following is the unpaid principal balance and carrying value for loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value March 31, 2017 $ 194,655 $ 182,939 December 31, 2016 203,673 190,761
Summary of Changes in Accretable Yield	The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2016 $ 23,688 Additions — Accretion (4,102 ) Reclassifications from non-accretable difference (A) 623 Disposals (B) (832 ) Transfer of loans to held-for-sale (C) — Balance at March 31, 2017 $ 19,377 (A) Represents a probable and significant increase in cash flows previously expected to be uncollectible. (B) Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount. (C) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.
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 Loans Held-for-Sale Balance at December 31, 2016 $ 696,665 Purchases (A) 1,223,734 Transfer of loans from held-for-investment (B) — Sales (818,969 ) Transfer of loans to other assets (C) (7,835 ) Transfer of loans to real estate owned (17,260 ) Proceeds from repayments (20,610 ) Valuation (provision) reversal on loans (D) 2,459 Balance at March 31, 2017 $ 1,058,184 (A) Represents loans acquired with the intent to sell. (B) Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff. (C) Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2). (D) Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including an aggregate of $1.3 million of provision related to the call transactions executed during the three months ended March 31, 2017 .
Schedule of Real Estate Owned	New Residential recognizes REO assets at the completion of the foreclosure process or upon execution of a deed in lieu of foreclosure with the borrower. REO assets are managed for prompt sale and disposition at the best possible economic value. Real Estate Owned Balance at December 31, 2016 $ 59,591 Purchases 9,730 Transfer of loans to real estate owned 31,513 Sales (20,609 ) Valuation provision on REO (894 ) Balance at March 31, 2017 $ 79,331

INVESTMENTS IN CONSUMER LOANS (

INVESTMENTS IN CONSUMER LOANS (Tables)	3 Months Ended
	Mar. 31, 2017
Investments In Consumer Loans Equity Method Investees [Abstract]
Summary of the Investment in Consumer Loan Companies	The following table summarizes the investment in consumer loans, held-for-investment held by New Residential: Unpaid Principal Balance Interest in Consumer Loans Carrying Value Weighted Average Coupon Weighted Average Expected Life (Years) (A) Weighted Average Delinquency (B) March 31, 2017 Consumer Loan Companies Performing Loans $ 1,197,647 53.5 % $ 1,244,661 18.7 % 4.1 6.2 % Purchased Credit Deteriorated Loans (C) 345,804 53.5 % 291,693 16.5 % 3.5 13.8 % Other - Performing Loans 146,149 100.0 % 143,464 14.2 % 1.3 1.8 % Total Consumer Loans, held-for-investment $ 1,689,600 $ 1,679,818 17.9 % 3.8 7.4 % December 31, 2016 Consumer Loan Companies Performing Loans $ 1,275,121 53.5 % $ 1,321,825 18.7 % 4.2 6.3 % Purchased Credit Deteriorated Loans (C) 371,261 53.5 % 316,532 16.6 % 3.6 14.0 % Other - Performing Loans 163,570 100.0 % 161,129 14.2 % 1.5 0.3 % Total Consumer Loans, held-for-investment $ 1,809,952 $ 1,799,486 17.9 % 3.8 7.3 % (A) Represents the weighted average expected timing of the receipt of expected cash flows for this investment. (B) Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties. (C) 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, which are accounted for as PCD loans.
Past Due Financing Receivable	The following table provides past due information regarding New Residential’s performing consumer loans, held-for-investment, which is an important indicator of credit quality and the establishment of the allowance for loan losses: March 31, 2017 Days Past Due Delinquency Status (A) Current 94.7 % 30-59 2.1 % 60-89 1.1 % 90-119 (B) 0.7 % 120+ (B) (C) 1.4 % 100.0 % (A) Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status. (B) Includes loans more than 90 days past due and still accruing interest. (C) Interest is accrued up to the date of charge-off at 180 days past due.
Schedule of Carrying Value of Performing Consumer Loans	Activities related to the carrying value of performing consumer loans, held-for-investment were as follows: Performing Loans Balance at December 31, 2016 $ 1,482,954 Purchases — Additional fundings (A) 12,877 Proceeds from repayments (88,152 ) Accretion of loan discount and premium amortization, net 1,406 Gross charge-offs (20,762 ) Additions to the allowance for loan losses, net (198 ) Balance at March 31, 2017 $ 1,388,125 (A) Represents draws on consumer loans with revolving privileges.
Summary of Activities Related to the Valuation Provision on Reverse Mortgage Loans and Allowance for Loan Losses	Activities related to the allowance for loan losses on performing consumer loans, held-for-investment were as follows: Collectively Evaluated (A) Individually Impaired (B) Total Balance at December 31, 2016 $ 2,441 $ 997 $ 3,438 Provision (reversal) for loan losses 18,549 (46 ) 18,503 Net charge-offs (C) (18,305 ) — (18,305 ) Balance at March 31, 2017 $ 2,685 $ 951 $ 3,636 (A) Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. (B) Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of March 31, 2017 , there are $6.3 million in UPB and $5.4 million in carrying value of consumer loans classified as TDRs. (C) Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $2.5 million in recoveries of previously charged-off UPB.
Schedule of Carrying Value of Purchased Credit Deteriorated Loans	Activities related to the carrying value of PCD consumer loans, held-for-investment were as follows: Balance at December 31, 2016 $ 316,532 Allowance for loan losses (A) (1,384 ) Proceeds from repayments (34,415 ) Accretion of loan discount and other amortization 10,960 Balance at March 31, 2017 $ 291,693 (A) Represents the present value of cash flows expected at acquisition that are no longer expected to be collected.
Impaired Financing Receivables	The following is the unpaid principal balance and carrying value for consumer loans, for which, as of the acquisition date, it was probable that New Residential would be unable to collect all contractually required payments: Unpaid Principal Balance Carrying Value March 31, 2017 $ 345,804 $ 291,691 December 31, 2016 371,261 316,532
Schedule of Changes in Accretable Yield	The following is a summary of the changes in accretable yield for these loans: Balance at December 31, 2016 $ 167,928 Accretion (10,960 ) Reclassifications to non-accretable difference (A) (4,314 ) Balance at March 31, 2017 $ 152,654 (A) Represents a probable and significant decrease in cash flows previously expected to be collectible.
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	Others’ interests in the equity of the Consumer Loan Companies is computed as follows: March 31, 2017 December 31, 2016 Total Consumer Loan Companies equity $ 75,153 $ 75,311 Others’ ownership interest 46.5 % 46.5 % Others’ interests in equity of consolidated subsidiary $ 34,946 $ 35,020 Others’ interests in the Consumer Loan Companies’ net income (loss) is computed as follows for the three months ended March 31, 2017 : Net Consumer Loan Companies income (loss) $ 21,420 Others’ ownership interest as a percent of total 46.5 % Others’ interest in net income (loss) of consolidated subsidiaries $ 9,960
Schedule of Assets and Liabilities Related to Consolidated Variable Interest Entities	The following table presents information on the combined assets and liabilities related to these consolidated VIEs. As of March 31, 2017 Assets Consumer loans, held-for-investment $ 1,536,354 Restricted cash 12,898 Accrued interest receivable 22,493 Total assets (A) $ 1,571,745 Liabilities Notes and bonds payable $ 1,549,877 Accounts payable and accrued expenses 901 Total liabilities (A) $ 1,550,778 (A) The creditors of the Consumer Loan SPVs do not have recourse to the general credit of New Residential, and the assets of the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 December 31, 2016 Derivative assets Interest Rate Caps Other assets $ 4,159 $ 4,251 TBAs Other assets — 2,511 $ 4,159 $ 6,762 Derivative liabilities TBAs Accrued expenses and other liabilities $ 9,671 $ — Interest Rate Swaps Accrued expenses and other liabilities 7,014 3,021 $ 16,685 $ 3,021 The following table summarizes notional amounts related to derivatives: March 31, 2017 December 31, 2016 TBAs, short position (A) $ 3,686,000 $ 3,465,500 TBAs, long position (A) 2,361,000 2,125,552 Interest Rate Caps (B) 910,000 1,185,000 Interest Rate Swaps, short positions (C) 5,525,500 3,640,000 (A) Represents the notional amount of Agency RMBS, classified as derivatives. (B) Caps LIBOR at 0.50% for $550.0 million of notional, at 0.75% for $25.0 million of notional, at 2.00% for $185.0 million of notional, and at 4.00% for $150.0 million of notional. The weighted average maturity of the interest rate caps as of March 31, 2017 was 17 months. (C) Receive LIBOR and pay a fixed rate. The weighted average maturity of the interest rate swaps as of March 31, 2017 was 25 months and the weighted average fixed pay rate was 1.51% . The following table summarizes all income (losses) recorded in relation to derivatives: For the 2017 2016 Other income (loss), net (A) TBAs $ 123 $ (5,531 ) Interest Rate Caps 573 (951 ) Interest Rate Swaps 3,630 (18,075 ) 4,326 (24,557 ) Gain (loss) on settlement of investments, net TBAs (6,801 ) (28,171 ) Interest Rate Caps (562 ) (1,124 ) Interest Rate Swaps (4,473 ) (1,084 ) (11,836 ) (30,379 ) Total income (losses) $ (7,510 ) $ (54,936 ) (A) Represents unrealized gains (losses).

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The following table presents certain information regarding New Residential’s debt obligations: March 31, 2017 December 31, 2016 Collateral Debt Obligations/Collateral Month Issued Outstanding Face Amount Carrying Value (A) Final Stated Maturity (B) Weighted Average Funding Cost Weighted Average Life (Years) Outstanding Face Amortized Cost Basis Carrying Value Weighted Average Life (Years) Carrying Value (A) Repurchase Agreements (C) Agency RMBS (D) Various $ 1,928,567 $ 1,928,567 Apr-17 0.92 % 0.1 $ 1,944,003 $ 2,001,088 $ 1,991,354 0.3 $ 1,764,760 Non-Agency RMBS (E) Various 3,301,281 3,301,281 Apr-17 to Aug-17 2.52 % 0.1 8,133,518 4,104,083 4,262,611 8.0 2,654,242 Residential Mortgage Loans (F) Various 961,633 958,925 May-17 to Feb-19 3.34 % 0.9 1,385,903 1,244,350 1,230,307 3.7 686,412 Real Estate Owned (G)(H) Various 89,114 88,863 May-17 to Feb-19 3.51 % 0.4 N/A N/A 123,646 N/A 85,217 Total Repurchase Agreements 6,280,595 6,277,636 2.17 % 0.2 5,190,631 Notes and Bonds Payable Secured Corporate Notes (I) Various 809,363 804,835 Apr-18 to Sep-19 5.41 % 2.0 288,539,501 1,237,711 1,405,960 6.2 729,145 MSRs (J) Feb-17 290,000 289,473 Feb-18 5.42 % 0.9 71,607,199 510,479 591,238 6.9 — Servicer Advances (K) Various 4,911,052 4,900,030 Nov-17 to Dec-21 3.31 % 2.6 5,135,429 5,076,788 5,098,305 4.8 5,549,872 Residential Mortgage Loans (L) Oct-15 8,813 8,813 Oct-17 3.63 % 0.5 12,077 6,740 6,740 4.7 8,271 Consumer Loans (M) (N) Various 1,556,177 1,551,863 Sep-19 to Mar-24 3.52 % 3.7 1,689,600 1,683,279 1,679,645 3.8 1,700,211 Receivable from government agency (L) Oct-15 2,564 2,564 Oct-17 3.63 % 0.5 N/A N/A 2,517 N/A 3,106 Total Notes and Bonds Payable 7,577,969 7,557,578 3.66 % 2.7 7,990,605 Total/ Weighted Average $ 13,858,564 $ 13,835,214 2.98 % 1.6 $ 13,181,236 (A) Net of deferred financing costs. (B) All debt obligations with a stated maturity of April 2017 were refinanced, extended or repaid. (C) These repurchase agreements had approximately $10.7 million of associated accrued interest payable as of March 31, 2017 . (D) All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.9 billion of related trade and other receivables. (E) All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $165.3 million on retained servicer advance and consumer loan bonds. (F) All of these repurchase agreements have LIBOR-based floating interest rates. (G) All of these repurchase agreements have LIBOR-based floating interest rates. (H) Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee. (I) Includes $220.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.75% , $285.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25% , and a $304.4 million corporate loan which bears interest equal to 5.68% . The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure these notes, and the $304.4 million corporate loan is also collateralized by the rights to the related basic fee portion of the MSRs. (J) This note is secured by Agency MSRs and bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25% . (K) $4.5 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 equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.4% . Collateral includes Servicer Advances related to the mortgage servicing rights. (L) The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875% . (M) Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $1.2 billion UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024. (N) Includes a $115.0 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25% . Activities related to the carrying value of New Residential’s debt obligations were as follows: Excess MSRs MSRs Servicer Advances (A) Real Estate Securities Residential Mortgage Loans and REO Consumer Loans Total Balance at December 31, 2016 $ 729,145 $ — $ 5,549,872 $ 4,419,002 $ 783,006 $ 1,700,211 $ 13,181,236 Repurchase Agreements: Borrowings — — — 9,518,606 356,835 — 9,875,441 Repayments — — — (8,707,760 ) (80,774 ) — (8,788,534 ) Capitalized deferred financing costs, net of amortization — — — — 98 — 98 Notes and Bonds Payable: Borrowings 610,000 290,000 1,320,907 — — — 2,220,907 Repayments (534,891 ) — (1,970,298 ) — — (148,778 ) (2,653,967 ) Discount on borrowings, net of amortization — — — — — — — Capitalized deferred financing costs, net of amortization 581 (527 ) (451 ) — — 430 33 Balance at March 31, 2017 $ 804,835 $ 289,473 $ 4,900,030 $ 5,229,848 $ 1,059,165 $ 1,551,863 $ 13,835,214 (A) New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances.
Schedule of Contractual Maturities of Debt Obligations	New Residential’s debt obligations as of March 31, 2017 had contractual maturities as follows: Year Nonrecourse Recourse Total April 1 through December 31, 2017 $ 229,588 $ 6,026,418 $ 6,256,006 2018 1,034,044 571,996 1,606,040 2019 2,248,705 792,931 3,041,636 2020 376,246 — 376,246 2021 1,137,454 — 1,137,454 2022 and thereafter 1,441,182 — 1,441,182 $ 6,467,219 $ 7,391,345 $ 13,858,564
Schedule of Borrowing Capacity	The following table represents New Residential’s borrowing capacity as of March 31, 2017 : Debt Obligations / Collateral Collateral Type Borrowing Capacity Balance Outstanding Available Financing Repurchase Agreements Residential Mortgage Loans Residential Mortgage Loans and REO $ 2,420,000 $ 1,050,747 $ 1,369,253 Notes and Bonds Payable Secured Corporate Loan Excess MSRs 525,000 505,000 20,000 MSRs MSRs 300,000 290,000 10,000 Servicer Advances (A) Servicer Advances 5,845,720 4,911,052 934,668 Consumer Loans Consumer Loans 150,000 114,995 35,005 $ 9,240,720 $ 6,871,794 $ 2,368,926 (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 0.1% fee on the unused borrowing capacity. Excludes borrowing capacity and outstanding debt for retained Non-Agency bonds with a current face amount of $100.7 million .

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2017
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 assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments for which fair value is disclosed, as of March 31, 2017 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 value (A) $ 267,265,720 $ 1,369,341 $ — $ — $ 1,369,341 $ 1,369,341 Excess mortgage servicing rights, equity method investees, at fair value (A) 58,610,831 185,870 — — 185,870 185,870 Mortgage servicing rights, at fair value (A) 185,291,769 1,694,792 — — 1,694,792 1,694,792 Servicer advances, at fair value 5,078,268 5,037,172 — — 5,037,172 5,037,172 Real estate securities, available-for-sale 10,515,848 5,938,743 — 1,503,164 4,435,579 5,938,743 Residential mortgage loans, held-for-investment 194,655 182,939 — — 180,253 180,253 Residential mortgage loans, held-for-sale 1,274,623 1,058,184 — — 1,078,905 1,078,905 Consumer loans, held-for-investment 1,689,600 1,679,818 — — 1,694,916 1,694,916 Derivative assets 910,000 4,159 — 4,159 — 4,159 Cash and cash equivalents 236,557 236,557 236,557 — — 236,557 Restricted cash 158,373 158,373 158,373 — — 158,373 Other Assets 1,092,007 6,723 — — 6,723 6,723 $ 17,552,671 $ 394,930 $ 1,507,323 $ 15,683,551 $ 17,585,804 Liabilities Repurchase agreements $ 6,280,595 $ 6,277,636 $ — $ 6,280,595 $ — $ 6,280,595 Notes and bonds payable 7,577,969 7,557,578 — — 7,556,186 7,556,186 Derivative liabilities 11,572,500 16,685 — 16,685 — 16,685 $ 13,851,899 $ — $ 6,297,280 $ 7,556,186 $ 13,853,466 (A) The notional amount represents the total unpaid principal balance of the residential mortgage loans underlying the MSRs and 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 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) MSRs Servicer Advances Non-Agency RMBS Agency Non-Agency Total Balance at December 31, 2016 $ 381,757 $ 1,017,698 $ 194,788 $ 659,483 $ 5,706,593 $ 3,543,560 $ 11,503,879 Transfers (C) Transfers from Level 3 — — — — — — — Transfers to Level 3 — — — — — — — Gains (losses) included in net income Included in other-than-temporary impairment on securities (D) — — — — — (2,112 ) (2,112 ) Included in change in fair value of investments in excess mortgage servicing rights (D) (832 ) 1,653 — — — — 821 Included in change in fair value of investments in excess mortgage servicing rights, equity method investees (D) — — (244 ) — — — (244 ) Included in servicing revenue, net (E) — — — (27,055 ) — — (27,055 ) Included in change in fair value of investments in servicer advances — — — — 2,559 — 2,559 Included in gain (loss) on settlement of investments, net — — — — — 5,201 5,201 Included in other income (loss), net (D) 536 91 — — — 758 1,385 Gains (losses) included in other comprehensive income (F) — — — — — 34,806 34,806 Interest income 6,894 24,523 — — 76,042 72,896 180,355 Purchases, sales and repayments Purchases — — — 1,062,364 3,302,794 1,012,485 5,377,643 Proceeds from sales — — — — — (28,324 ) (28,324 ) Proceeds from repayments (18,899 ) (44,080 ) (8,674 ) — (4,050,816 ) (203,691 ) (4,326,160 ) Balance at March 31, 2017 $ 369,456 $ 999,885 $ 185,870 $ 1,694,792 $ 5,037,172 $ 4,435,579 $ 12,722,754 (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 the 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 and realized gains (losses) recorded during the period. (E) The components of Servicing revenue, net are disclosed in Note 5. (F) These gains (losses) were included in net unrealized gain (loss) on securities in the Condensed Consolidated Statements of Comprehensive Income.
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, 2017 : Significant Inputs (A) Prepayment Rate (B) Delinquency (C) Recapture Rate (D) Mortgage Servicing Amount or Excess Mortgage Servicing Amount (bps) (E) Collateral Weighted Average Maturity (Years) (F) Excess MSRs Directly Held (Note 4) Agency Original Pools 9.4 % 3.1 % 30.6 % 21 24 Recaptured Pools 7.2 % 4.2 % 22.9 % 22 25 Recapture Agreement 7.1 % 4.1 % 25.5 % 21 — 8.7 % 3.4 % 28.6 % 21 24 Non-Agency (G) Nationstar and SLS Serviced: Original Pools 11.8 % N/A 15.0 % 15 24 Recaptured Pools 7.7 % N/A 19.8 % 22 24 Recapture Agreement 7.6 % N/A 19.7 % 20 — Ocwen Serviced Pools 8.7 % N/A — % 14 26 9.3 % N/A 3.6 % 14 26 Total/Weighted Average--Excess MSRs Directly Held 9.1 % 3.4 % 10.3 % 16 26 Excess MSRs Held through Equity Method Investees (Note 4) Agency Original Pools 11.6 % 5.0 % 35.0 % 19 23 Recaptured Pools 7.4 % 4.3 % 24.3 % 23 24 Recapture Agreement 7.4 % 4.5 % 24.1 % 23 — Total/Weighted Average--Excess MSRs Held through Investees 9.7 % 4.7 % 30.1 % 21 23 Total/Weighted Average--Excess MSRs All Pools 9.2 % 3.7 % 14.4 % 17 25 MSRs Mortgage Servicing Rights (H) 10.3 % 0.8 % 28.3 % 27 22 (A) Weighted by fair value of the portfolio. (B) Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (C) Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments. (D) Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable. (E) Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps). (F) Weighted average maturity of the underlying residential mortgage loans in the pool. (G) 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. (H) For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM.
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 Rate (A) Delinquency Mortgage Servicing Amount (B) Discount Rate Collateral Weighted Average Maturity (Years) (C) March 31, 2017 2.1 % 9.7 % 14.6 % 8.2 bps 5.6 % 25.8 (A) Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector. (B) Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee. (C) Weighted average maturity of the underlying residential mortgage loans in the pool.
Schedule of Securities Valuation Methodology and Results	As of March 31, 2017 , 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 $ 1,463,668 $ 1,507,475 $ 1,503,164 $ — $ 1,503,164 2 Non-Agency RMBS (C) 9,052,180 4,272,365 4,421,937 13,642 4,435,579 3 Total $ 10,515,848 $ 5,779,840 $ 5,925,101 $ 13,642 $ 5,938,743 (A) New Residential 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. New Residential evaluates quotes received and determines one as being most representative of fair value, and does 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 it 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. New Residential 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, it selects one of the quotes which is believed to more accurately reflect fair value. New Residential has not adjusted any of the quotes received in the periods presented. 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. New Residential’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable. The third-party pricing services and brokers engaged by New Residential (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of RMBS. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. New Residential has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, New Residential creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by New Residential, and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance. For 79.9% of New Residential’s Non-Agency RMBS, the ranges of assumptions used by New Residential’s valuation providers are summarized in the table below. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 3,542,483 2.00 % to 32.75% 0.25% to 24% 0.10 % to 10% 5.0 % to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents 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 balance. (B) New Residential was unable to obtain quotations from more than one source on these securities. For approximately $13.5 million , the one source was 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.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate (a) CDR (b) Loss Severity (c) Non-Agency RMBS $ 3,542,483 2.00 % to 32.75% 0.25% to 24% 0.10 % to 10% 5.0 % to 100% (a) Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool. (b) Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool. (c) Represents 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 balance.
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, 2017 : Fair Value and Carrying Value Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Residential Mortgage Loans Performing Loans $ 166,025 3.9 % 7.1 9.8 % 1.6 % 31.8 % Non-Performing Loans 82,989 6.5 % 3.1 3.0 % 3.0 % 30.0 % Total/Weighted Average $ 249,014 4.8 % 5.8 7.5 % 31.2 % (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 certain loans as of March 31, 2017 : Carrying Value Fair Value Valuation and Loss Provision/ (Reversal) In Current Year Discount Rate Weighted Average Life (Years) (A) Prepayment Rate CDR (B) Loss Severity (C) Reverse Mortgage Loans (D) $ 10,813 $ 12,112 $ — 7.0 % 4.7 N/A N/A 8.6 % Performing Loans 317,081 320,236 — 4.5 % 4.1 10.7 % 1.0 % 36.2 % Non-Performing Loans 664,215 677,797 (3,472 ) 5.6 % 3.0 2.3 % 3.0 % 30.0 % Total/Weighted Average $ 992,109 $ 1,010,145 $ (3,472 ) 5.3 % 3.4 31.7 % Consumer Loans $ 1,679,818 $ 1,694,916 $ 19,886 9.2 % 3.8 15.8 % 6.0 % 87.7 % (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% participation interest New Residential holds in the portfolio of reverse mortgage loans.

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
Equity and Earnings Per Share [Abstract]
Summary of Outstanding Options	As of March 31, 2017 , New Residential’s outstanding options were summarized as follows: Held by the Manager 16,344,475 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 2,379,713 Issued to the independent directors 6,000 Total 18,730,188 The following table summarizes New Residential’s outstanding options as of March 31, 2017 . The last sales price on the New York Stock Exchange for New Residential’s common stock in the quarter ended March 31, 2017 was $16.98 per share. Recipient Date of Grant/ Exercise (A) Number of Unexercised Options Options Exercisable as of March 31, 2017 Weighted Average Exercise Price (B) Intrinsic Value of Exercisable Options as of March 31, 2017 (millions) Directors Various 6,000 6,000 $ 13.99 $ — Manager (C) 2007 228,000 228,000 29.92 — Manager (C) 2012 25,000 25,000 7.19 0.2 Manager (C) 2013 835,571 835,571 11.48 4.6 Manager (C) 2014 1,437,500 1,437,500 12.20 6.9 Manager (C) 2015 8,543,539 6,363,811 15.44 9.8 Manager (C) 2016 2,000,000 466,667 14.20 1.3 Manager (C) 2017 5,654,578 188,486 15.00 0.4 Outstanding 18,730,188 9,551,035 (A) Options expire on the tenth anniversary from date of grant. (B) The exercise 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 Exercise Prices Total Unexercised Inception to Date 2007 $29.92 12,255 2014 $12.20 258,750 2015 $15.25 to $15.88 1,708,708 2016 $14.20 400,000 Total 2,379,713 The following table summarizes activity in New Residential’s outstanding options: Amount Weighted Average Exercise Price December 31, 2016 outstanding options 13,196,610 Options granted 5,654,578 $ 15.00 Options exercised — $ — Options expired unexercised (121,000 ) March 31, 2017 outstanding options 18,730,188 See table above

TRANSACTIONS WITH AFFILIATES 39

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2017
Transactions With Affiliates And Affiliated Entities
Schedule of Affiliate Transactions	Due to affiliates is comprised of the following amounts: March 31, 2017 December 31, 2016 Management fees $ 9,393 $ 3,689 Incentive compensation 12,460 42,197 Expense reimbursements and other 1,266 1,462 $ 23,119 $ 47,348 Affiliate expenses and fees were comprised of: Three Months Ended 2017 2016 Management fees $ 13,074 $ 10,008 Incentive compensation 12,460 1,196 Expense reimbursements (A) 125 125 Total $ 25,659 $ 11,329 (A) Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

RECLASSIFICATION FROM ACCUMUL40

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME (Tables)	3 Months Ended
	Mar. 31, 2017
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 Income Components Statement of Income Location Three Months Ended 2017 2016 Reclassification of net realized (gain) loss on securities into earnings Gain (loss) on settlement of investments, net $ (993 ) $ (133 ) Reclassification of net realized (gain) loss on securities into earnings Other-than-temporary impairment on securities 2,112 3,254 Total reclassifications $ 1,119 $ 3,121

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consists of the following: Three Months Ended 2017 2016 Current: Federal $ 2,108 $ 458 State and Local 70 — Total Current Income Tax Expense (Benefit) 2,178 458 Deferred: Federal 2,746 (9,450 ) State and Local 672 (1,231 ) Total Deferred Income Tax Expense (Benefit) 3,418 (10,681 ) Total Income Tax Expense (Benefit) $ 5,596 $ (10,223 )

ORGANIZATION AND BASIS OF PRE42

ORGANIZATION AND BASIS OF PRESENTATION - Common Stock (Details) - shares	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	307,334,117	250,773,117
Common stock options, outstanding (in shares)	18,730,188	13,196,610
Fortress [Member]
Related Party Transaction [Line Items]
Common stock, shares outstanding (in shares)	2,400,000
Common stock options, outstanding (in shares)	16,300,000

OTHER INCOME, ASSETS AND LIAB43

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Other income (loss), net
Unrealized gain (loss) on derivative instruments	$ 4,326	$ (24,557)
Unrealized gain (loss) on other ABS	758	268
Gain (loss) on transfer of loans to REO	6,634	2,483
Gain (loss) on transfer of loans to other assets	212	517
Gain on Excess MSR recapture agreements	627	732
Other income (loss)	(5,713)	3,808
Total other income (loss), net	$ 6,844	$ (16,749)

OTHER INCOME, ASSETS AND LIAB44

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Gain (Loss) on Settlement of Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Gain on Settlement of Investments, Net
Gain (loss) on sale of real estate securities, net	$ 993	$ 16,133
Gain (loss) on sale of residential mortgage loans, net	2,565	2,277
Gain (loss) on settlement of derivatives	(11,836)	(30,379)
Gain (loss) on liquidated residential mortgage loans	(2,216)	(275)
Gain (loss) on sale of REO	(2,610)	151
Other gains (losses)	(570)	(153)
Gain (loss) on settlement of investments, net	$ (13,674)	$ (12,246)

OTHER INCOME, ASSETS AND LIAB45

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Other Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Other Assets
Margin receivable, net		$ 64,557	$ 55,481
Other receivables		9,986	16,350
Principal and interest receivable		54,776	52,738
Receivable from government agency		48,356	54,706
Call rights		337	337
Derivative assets		4,159	6,762
Servicing fee receivables		21,621	7,405
Ginnie Mae EBO servicer advance receivable, net		13,184	14,829
Due from servicers		23,064	22,134
Servicer advances receivable, net	[1]	104,764	81,582
Investment in consumer loans, equity method investees			0
Prepaid expenses		9,257	9,487
Other assets		8,089	4,269
Prepaid expense and other assets		403,464	326,080
Accrued Expenses and Other Liabilities
Interest payable		22,821	23,108
Accounts payable		40,651	31,299
Derivative liabilities		16,685	3,021
Current taxes payable		4,517	2,314
Due to servicers		63,977	77,148
MSR purchase price holdback		120,437	60,436
Other liabilities		7,010	8,118
Accrued Expenses and Other Liabilities		$ 276,098	$ 205,444
[1]	Represents Servicer Advances due to New Residential’s licensed servicer subsidiary, New Residential Mortgage LLC (Note 5).

OTHER INCOME, ASSETS AND LIAB46

OTHER INCOME, ASSETS AND LIABILITIES - Schedule of Accretion and Other Amortization (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Accretion and other amortization:
Accretion of servicer advance interest income		$ 76,043	$ 78,637
Accretion of excess mortgage servicing rights income		31,418	42,968
Accretion of net discount on securities and loans	[1]	88,984	37,128
Amortization of deferred financing costs		(3,574)	(4,785)
Amortization of discount on notes and bonds payable		(447)	(278)
Accretion of loan discount and premium amortization, net		$ 192,424	$ 153,670
[1]	Includes accretion of the accretable yield on PCD loans.

SEGMENT REPORTING - Summary of

SEGMENT REPORTING - Summary of Segment Financial Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Interest income		$ 292,538	$ 190,036
Interest expense		98,229	81,228
Net interest income (expense)		194,309	108,808
Impairment		20,022	9,999
Servicing revenue, net		40,602	0
Other income (loss)		(3,694)	31,922
Operating expenses		68,441	25,016
Income (Loss) Before Income Taxes		142,754	105,715
Income tax expense (benefit)		5,596	(10,223)
Net Income (Loss)		137,158	115,938
Noncontrolling interests in income (loss) of consolidated subsidiaries		15,780	4,202
Net Income Attributable to Common Stockholders		121,378	111,736
Investments		17,226,190
Cash and cash equivalents		236,557
Restricted cash		158,373		$ 163,095
Other assets		2,408,867
Total assets		20,029,987		18,399,529
Debt	[1]	13,835,214		13,181,236
Other liabilities		1,893,013
Total liabilities		15,728,227		14,931,352
Total equity		4,301,760		3,468,177
Noncontrolling interests in equity of consolidated subsidiaries		199,648		208,077
Total New Residential stockholders’ equity		4,102,112		$ 3,260,100
Investments in equity method investees		227,184
Excess MSRs [Member]
Segment Reporting Information [Line Items]
Interest income		31,418	42,968
Interest expense		10,072	2,934
Net interest income (expense)		21,346	40,034
Impairment		0	0
Servicing revenue, net		0	0
Other income (loss)		1,204	11,693
Operating expenses		86	232
Income (Loss) Before Income Taxes		22,464	51,495
Income tax expense (benefit)		0	0
Net Income (Loss)		22,464	51,495
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0
Net Income Attributable to Common Stockholders		22,464	51,495
Investments		1,555,211
Cash and cash equivalents		819
Restricted cash		16,664
Other assets		2,417
Total assets		1,575,111
Debt		804,835
Other liabilities		2,311
Total liabilities		807,146
Total equity		767,965
Noncontrolling interests in equity of consolidated subsidiaries		0
Total New Residential stockholders’ equity		767,965
Investments in equity method investees		185,870
Mortgage Servicing Rights [Member]
Segment Reporting Information [Line Items]
Interest income		25
Interest expense		987
Net interest income (expense)		(962)
Impairment		0
Servicing revenue, net		40,602
Other income (loss)		213
Operating expenses		19,723
Income (Loss) Before Income Taxes		20,130
Income tax expense (benefit)		(1,279)
Net Income (Loss)		21,409
Noncontrolling interests in income (loss) of consolidated subsidiaries		0
Net Income Attributable to Common Stockholders		21,409
Investments		1,694,792
Cash and cash equivalents		116,402
Restricted cash		4,166
Other assets		115,686
Total assets		1,931,046
Debt		341,896
Other liabilities		187,112
Total liabilities		529,008
Total equity		1,402,038
Noncontrolling interests in equity of consolidated subsidiaries		0
Total New Residential stockholders’ equity		1,402,038
Investments in equity method investees		0
Servicer Advances [Member]
Segment Reporting Information [Line Items]
Interest income		76,704	80,967
Interest expense		43,876	63,075
Net interest income (expense)		32,828	17,892
Impairment		0	0
Servicing revenue, net		0	0
Other income (loss)		1,801	(27,391)
Operating expenses		824	994
Income (Loss) Before Income Taxes		33,805	(10,493)
Income tax expense (benefit)		9,192	(10,002)
Net Income (Loss)		24,613	(491)
Noncontrolling interests in income (loss) of consolidated subsidiaries		5,820	4,202
Net Income Attributable to Common Stockholders		18,793	(4,693)
Investments		5,137,320
Cash and cash equivalents		88,266
Restricted cash		73,772
Other assets		168,098
Total assets		5,467,456
Debt		5,013,133
Other liabilities		21,392
Total liabilities		5,034,525
Total equity		432,931
Noncontrolling interests in equity of consolidated subsidiaries		164,702
Total New Residential stockholders’ equity		268,229
Investments in equity method investees		0
Real Estate Securities [Member]
Segment Reporting Information [Line Items]
Interest income		93,808	45,913
Interest expense		20,881	7,484
Net interest income (expense)		72,927	38,429
Impairment		2,112	3,254
Servicing revenue, net		0	0
Other income (loss)		(5,596)	(36,461)
Operating expenses		331	461
Income (Loss) Before Income Taxes		64,888	(1,747)
Income tax expense (benefit)		0	0
Net Income (Loss)		64,888	(1,747)
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0
Net Income Attributable to Common Stockholders		64,888	(1,747)
Investments		5,838,595
Cash and cash equivalents		1,176
Restricted cash		0
Other assets		1,921,221
Total assets		7,760,992
Debt		4,974,549
Other liabilities		1,474,360
Total liabilities		6,448,909
Total equity		1,312,083
Noncontrolling interests in equity of consolidated subsidiaries		0
Total New Residential stockholders’ equity		1,312,083
Investments in equity method investees		0
Real Estate Loans [Member]
Segment Reporting Information [Line Items]
Interest income		17,993	19,493
Interest expense		7,540	7,390
Net interest income (expense)		10,453	12,103
Impairment		(2,018)	6,745
Servicing revenue, net		0	0
Other income (loss)		(1,336)	2,873
Operating expenses		5,853	4,334
Income (Loss) Before Income Taxes		5,282	3,897
Income tax expense (benefit)		(2,317)	(221)
Net Income (Loss)		7,599	4,118
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0
Net Income Attributable to Common Stockholders		7,599	4,118
Investments		1,320,454
Cash and cash equivalents		6,392
Restricted cash		0
Other assets		99,100
Total assets		1,425,946
Debt		1,059,165
Other liabilities		25,514
Total liabilities		1,084,679
Total equity		341,267
Noncontrolling interests in equity of consolidated subsidiaries		0
Total New Residential stockholders’ equity		341,267
Investments in equity method investees		0
Consumer Loans [Member]
Segment Reporting Information [Line Items]
Interest income		72,406	1
Interest expense		14,873	345
Net interest income (expense)		57,533	(344)
Impairment		19,928	0
Servicing revenue, net		0	0
Other income (loss)		20	81,193
Operating expenses		11,438	1,604
Income (Loss) Before Income Taxes		26,187	79,245
Income tax expense (benefit)		0	0
Net Income (Loss)		26,187	79,245
Noncontrolling interests in income (loss) of consolidated subsidiaries		9,960	0
Net Income Attributable to Common Stockholders		16,227	79,245
Investments		1,679,818
Cash and cash equivalents		13,706
Restricted cash		63,771
Other assets		87,072
Total assets		1,844,367
Debt		1,641,636
Other liabilities		7,054
Total liabilities		1,648,690
Total equity		195,677
Noncontrolling interests in equity of consolidated subsidiaries		34,946
Total New Residential stockholders’ equity		160,731
Investments in equity method investees		41,314
Corporate [Member]
Segment Reporting Information [Line Items]
Interest income		184	694
Interest expense		0	0
Net interest income (expense)		184	694
Impairment		0	0
Servicing revenue, net		0	0
Other income (loss)		0	15
Operating expenses		30,186	17,391
Income (Loss) Before Income Taxes		(30,002)	(16,682)
Income tax expense (benefit)		0	0
Net Income (Loss)		(30,002)	(16,682)
Noncontrolling interests in income (loss) of consolidated subsidiaries		0	0
Net Income Attributable to Common Stockholders		(30,002)	$ (16,682)
Investments		0
Cash and cash equivalents		9,796
Restricted cash		0
Other assets		15,273
Total assets		25,069
Debt		0
Other liabilities		175,270
Total liabilities		175,270
Total equity		(150,201)
Noncontrolling interests in equity of consolidated subsidiaries		0
Total New Residential stockholders’ equity		(150,201)
Investments in equity method investees		$ 0
[1]	Net of deferred financing costs.

INVESTMENTS IN EXCESS MORTGAG48

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in Excess MSRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Carrying Value of Investments in Excess MSRs
Beginning balance	$ 659,483
Ending balance	1,694,792
Excess MSRs [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	1,399,455	[1]
Purchases	0
Interest income	(31,417)
Other income	(627)
Proceeds from repayments	(62,979)
Change in fair value	821
Ending balance	1,369,341	[1]
Excess MSRs [Member] | Nationstar [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	611,293
Purchases	0
Interest income	(13,120)
Other income	(627)
Proceeds from repayments	(31,745)
Change in fair value	4,582
Ending balance	597,877
Excess MSRs [Member] | SLS [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	3,935	[2]
Purchases	0	[2]
Interest income	123	[2]
Other income	0	[2]
Proceeds from repayments	(231)	[2]
Change in fair value	115	[2]
Ending balance	3,696	[2]
Excess MSRs [Member] | Ocwen [Member]
Carrying Value of Investments in Excess MSRs
Beginning balance	784,227	[3]
Purchases	0	[3]
Interest income	(18,420)	[3]
Other income	0	[3]
Proceeds from repayments	(31,003)	[3]
Change in fair value	(3,876)	[3]
Ending balance	$ 767,768	[3]
[1]	Carrying Value represents the fair value of the pools or recapture agreements, as applicable.
[2]	Specialized Loan Servicing LLC (“SLS”).
[3]	Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation (together with its subsidiaries, including Ocwen Loan Servicing LLC, “Ocwen”), services the loans underlying the Excess MSRs and Servicer Advances acquired from HLSS.

INVESTMENTS IN EXCESS MORTGAG49

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Direct Investments in Excess MSRs (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Investment [Line Items]
Weighted Average Life (Years)		1 year 6 months 23 days
Carrying Value		$ 1,694,792		$ 659,483
Principal investment gain (loss)		821	$ 7,926
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[1]	177,919,442		186,362,657
Original and Recaptured Pools [Member]
Investment [Line Items]
Principal investment gain (loss)		(7,248)	5,697
Recapture Agreements [Member]
Investment [Line Items]
Principal investment gain (loss)		8,069	$ 2,229
Excess MSRs [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 267,265,720
Weighted Average Life (Years)	[2]	6 years 4 months 24 days
Amortized Cost Basis	[3]	$ 1,227,659
Carrying Value	[4]	1,369,341		1,399,455
Excess MSRs [Member] | Nationstar [Member]
Investment [Line Items]
Carrying Value		597,877		611,293
Excess MSRs [Member] | Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 75,664,398
Weighted Average Life (Years)	[2]	6 years 6 months
Amortized Cost Basis	[3]	$ 310,562
Carrying Value	[4]	369,456		381,757
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 75,664,398
Weighted Average Life (Years)	[2]	6 years
Amortized Cost Basis	[3]	$ 287,439
Carrying Value	[4]	$ 318,612		330,323
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		32.50%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		66.70%
Excess MSRs [Member] | Agency [Member] | Original and Recaptured Pools [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR		53.20%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages		$ 0
Weighted Average Life (Years)	[2]	12 years 7 months 6 days
Amortized Cost Basis	[3]	$ 23,123
Carrying Value	[4]	$ 50,844		51,434
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		32.50%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		66.70%
Excess MSRs [Member] | Agency [Member] | Recapture Agreements [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR		53.20%
Excess MSRs [Member] | Agency [Member] | Fortress [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%
Excess MSRs [Member] | Agency [Member] | Fortress [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%
Excess MSRs [Member] | Agency [Member] | Fortress [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		0.00%
Excess MSRs [Member] | Agency [Member] | Fortress [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		40.00%
Excess MSRs [Member] | Agency [Member] | Nationstar [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%
Excess MSRs [Member] | Agency [Member] | Nationstar [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%
Excess MSRs [Member] | Agency [Member] | Nationstar [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR		20.00%
Excess MSRs [Member] | Agency [Member] | Nationstar [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR		35.00%
Excess MSRs [Member] | Non-Agency [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 191,601,322
Weighted Average Life (Years)	[2],[5]	6 years 4 months 24 days
Amortized Cost Basis	[3],[5]	$ 917,097
Carrying Value	[4],[5]	999,885		1,017,698
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 74,698,518
Weighted Average Life (Years)	[2],[5]	5 years 4 months 24 days
Amortized Cost Basis	[3],[5]	$ 177,885
Carrying Value	[4],[5]	$ 213,357		219,980
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	33.30%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	100.00%
Excess MSRs [Member] | Non-Agency [Member] | Original and Recaptured Pools [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	59.20%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 0
Weighted Average Life (Years)	[2],[5]	12 years 4 months 24 days
Amortized Cost Basis	[3],[5]	$ 10,381
Carrying Value	[4],[5]	$ 18,760		13,491
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	33.30%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	100.00%
Excess MSRs [Member] | Non-Agency [Member] | Recapture Agreements [Member] | Weighted Average [Member]
Investment [Line Items]
Interest in Excess MSR	[6]	59.20%
Excess MSRs [Member] | Non-Agency [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
UPB of Underlying Mortgages	[5]	$ 116,902,804
Interest in Excess MSR	[5],[6]	100.00%
Weighted Average Life (Years)	[2],[5]	6 years 6 months
Amortized Cost Basis	[3],[5]	$ 728,831
Carrying Value	[4],[5]	$ 767,768		$ 784,227
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	50.00%
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	50.00%
Excess MSRs [Member] | Non-Agency [Member] | Fortress [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Original and Recaptured Pools [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Original and Recaptured Pools [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Recapture Agreements [Member] | Minimum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Recapture Agreements [Member] | Maximum [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	33.30%
Excess MSRs [Member] | Non-Agency [Member] | Nationstar [Member] | Ocwen Serviced Pools [Member]
Investment [Line Items]
Interest in Excess MSR	[5]	0.00%
[1]	The following types of advances comprise the investments in Servicer Advances: March 31, 2017December 31, 2016Principal and interest advances$1,281,528$1,489,929Escrow advances (taxes and insurance advances)2,345,7172,613,050Foreclosure advances1,451,0231,514,780Total$5,078,268 $5,617,759
[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.
[5]	New Residential also invested in related Servicer Advances, including the basic fee component of the related MSR as of March 31, 2017 (Note 6) on $177.9 billion UPB underlying these Excess MSRs.
[6]	Amounts in parentheses represent weighted averages.

INVESTMENTS IN EXCESS MORTGAG50

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Narrative (Details)	3 Months Ended
	Mar. 31, 2017
Excess MSRs Investees [Member] | MSRs [Member]
Investment [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.80%

INVESTMENTS IN EXCESS MORTGAG51

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Excess MSR assets	$ 353,746		$ 372,391
Other assets	17,994		17,184
Other liabilities	0		0
Equity	371,740		389,575
New Residential’s investment	$ 185,870		$ 194,788
New Residential’s ownership	50.00%		50.00%
Interest income	$ 4,182	$ 8,081
Other income (loss)	(4,646)	(2,014)
Expenses	(25)	(23)
Net income	$ (489)	$ 6,044

INVESTMENTS IN EXCESS MORTGAG52

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures - Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Increase (Decrease) in Equity Method Investments [Roll Forward]
Distributions of capital from equity method investees	$ (2,869)	$ (588)
Recurring Basis [Member]
Increase (Decrease) in Equity Method Investments [Roll Forward]
Beginning balance	194,788
Contributions to equity method investees	0
Transfers to direct ownership	0
Distributions of earnings from equity method investees	(5,805)
Distributions of capital from equity method investees	(2,869)
Change in fair value of investments in equity method investees	(244)
Ending balance	$ 185,870

INVESTMENTS IN EXCESS MORTGAG53

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Excess MSRs Made Through Equity Method Investees (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Mortgage servicing rights, at fair value	$ 1,694,792	$ 659,483
Weighted Average Life (Years)	1 year 6 months 23 days
Excess MSRs Investees [Member]
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 58,610,831
New Residential Interest in Investees	50.00%	50.00%
Amortized Cost Basis	$ 264,413
Mortgage servicing rights, at fair value	$ 353,746
Weighted Average Life (Years)	6 years 5 months 19 days
Original and Recaptured Pools [Member] | Agency [Member] | Excess MSRs Investees [Member]
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 58,610,831
Investee Interest in Excess MSR	66.70%
New Residential Interest in Investees	50.00%
Amortized Cost Basis	$ 236,888
Mortgage servicing rights, at fair value	$ 298,235
Weighted Average Life (Years)	5 years 9 months 7 days
Recapture Agreements [Member] | Agency [Member] | Excess MSRs Investees [Member]
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Unpaid Principal Balance	$ 0
Investee Interest in Excess MSR	66.70%
New Residential Interest in Investees	50.00%
Amortized Cost Basis	$ 27,525
Mortgage servicing rights, at fair value	$ 55,511
Weighted Average Life (Years)	12 years 5 months 29 days

INVESTMENTS IN EXCESS MORTGAG54

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) - Excess MSRs [Member] - Mortgage Loans [Member]	Mar. 31, 2017	Dec. 31, 2016
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	24.00%	24.10%
Florida [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	8.60%	8.60%
New York [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	8.00%	7.90%
Texas [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.60%	4.60%
New Jersey [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.20%	4.20%
Maryland [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.70%	3.70%
Illinois [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.50%	3.50%
Virginia [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.10%	3.10%
Georgia [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.10%	3.10%
Massachusetts [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	2.70%	2.70%
Washington [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	2.60%	2.60%
Arizona [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	2.50%	2.50%
Other U.S. [Member]
Concentration Risk [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	29.40%	29.40%

INVESTMENTS IN MORTGAGE SERVI55

INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Narrative (Details) - USD ($) $ in Millions	Feb. 17, 2017	Jan. 31, 2017	Jan. 27, 2017	Dec. 28, 2016	Mar. 31, 2017
Ditech Financial LLC [Member]
Schedule of MSRs [Line Items]
Subservicer percent of UPB					38.60%
Ditech Financial LLC [Member] | New Residential Mortgage LLC [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSRs					$ 11.1
Ditech Financial LLC [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages					$ 1,300
Nationstar [Member]
Schedule of MSRs [Line Items]
Subservicer percent of UPB					10.20%
CitiMortgage, Inc. [Member]
Schedule of MSRs [Line Items]
Subservicer percent of UPB					49.50%
CitiMortgage, Inc. [Member] | New Residential Mortgage LLC [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSRs			$ 906
Purchase price holdback			45.3
CitiMortgage, Inc. [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages			$ 92,500
FirstKey Mortgage, LLC [Member]
Schedule of MSRs [Line Items]
Subservicer percent of UPB					1.60%
PHH Mortgage Corporation [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages				$ 67,000
PHH Mortgage Corporation [Member] | New Residential Mortgage LLC [Member] | Seasoned Agency Loans [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSRs				520
PHH Mortgage Corporation [Member] | New Residential Mortgage LLC [Member] | Private-label Residential Mortgage Loans [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSR, servicer advances				$ 252
United Shore Financial Services, LLC [Member] | New Residential Mortgage LLC [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSRs		$ 94.8
Purchase price holdback		9.5
United Shore Financial Services, LLC [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages		$ 9,800
Residential Credit Solutions, Inc. [Member] | New Residential Mortgage LLC [Member]
Schedule of MSRs [Line Items]
Payments to acquire MSRs	$ 48.6
Payments to acquire MSR, servicer advances	1.3
Purchase price holdback	4.9
Residential Credit Solutions, Inc. [Member] | New Residential Mortgage LLC [Member] | Mortgage Servicing Rights [Member]
Schedule of MSRs [Line Items]
UPB of Underlying Mortgages	$ 5,200

INVESTMENTS IN MORTGAGE SERVI56

INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Servicing Fee Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Transfers and Servicing [Abstract]
Servicing fee revenue	$ 65,469
Ancillary and other fees	2,188
Servicing fee revenue and fees	67,657
Amortization of servicing rights	(26,296)
Change in valuation inputs and assumptions	(759)
Servicing revenue, net	$ 40,602	$ 0

INVESTMENTS IN MORTGAGE SERVI57

INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Activity Related to the Carrying Value of Investments in MSRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Beginning balance	$ 659,483
Amortization of servicing rights	(26,296)
Change in valuation inputs and assumptions	(759)
Ending balance	1,694,792
MSRs [Member]
Schedule of Investments in Mortgage Servicing Rights [Line Items]
Beginning balance	659,483
Purchases	1,062,364
Amortization of servicing rights	(26,296)	[1]
Change in valuation inputs and assumptions	(759)
Ending balance	$ 1,694,792
[1]	Based on the ratio of the current UPB of the underlying residential mortgage loans relative to the original UPB of the underlying residential mortgage loans.

INVESTMENTS IN MORTGAGE SERVI58

INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Schedule of Investment in MSRs (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Servicing Asset at Amortized Cost [Line Items]
Weighted Average Life (Years)		1 year 6 months 23 days
Carrying Value		$ 1,694,792	$ 659,483
MSRs [Member]
Servicing Asset at Amortized Cost [Line Items]
UPB of Underlying Mortgages		$ 185,291,769
Weighted Average Life (Years)	[1]	6 years 9 months 6 days
Amortized Cost Basis		$ 1,591,872
Carrying Value	[2]	$ 1,694,792
Discount rate		11.50%
[1]	Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[2]	Carrying Value represents fair value. As of March 31, 2017, a weighted average discount rate of 11.5% was used to value New Residential’s investments in MSRs.

INVESTMENTS IN MORTGAGE SERVI59

INVESTMENTS IN MORTGAGE SERVICING RIGHTS - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - Mortgage Servicing Rights [Member] - Mortgage Loans [Member]	Mar. 31, 2017	Dec. 31, 2016
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	100.00%	100.00%
California [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	21.30%	20.50%
Texas [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	6.00%	6.30%
Florida [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	5.90%	7.30%
New York [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	5.80%	2.80%
Illinois [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.40%	4.10%
New Jersey [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.40%	4.50%
Massachusetts [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.10%	4.10%
Michigan [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	4.00%	3.10%
Georgia [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.10%	2.70%
Pennsylvania [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	3.00%	2.90%
Other U.S. [Member]
Schedule of MSRs [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount as of	38.00%	41.70%

INVESTMENTS IN SERVICER ADVAN60

INVESTMENTS IN SERVICER ADVANCES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2014
Advance Purchaser LLC [Member]
Investment [Line Items]
Capital distributed to third-party co-investors	$ 294
Capital distributed to New Residential	$ 236.4
Nationstar [Member]
Investment [Line Items]
Servicer basic fee, percent	9.30%
Performance fee, percent (up to)	100.00%
SLS [Member]
Investment [Line Items]
Servicing fee basis points	0.1075%
SLS [Member] | Excess MSRs [Member]
Investment [Line Items]
Percentage of Excess MSRs acquired		50.00%
Fortress [Member] | Excess MSRs [Member]
Investment [Line Items]
Percentage of additional Excess MSRs acquired		50.00%
Ocwen [Member]
Investment [Line Items]
Servicing asset fee, percent	12.00%
Servicing fee basis points	0.063%
Ocwen [Member] | London Interbank Offered Rate (LIBOR) [Member]
Investment [Line Items]
Variable interest rate spread	2.75%
Servicer Advance Joint Venture [Member]
Investment [Line Items]
New Residential’s ownership	45.80%
Funded capital commitments	$ 312.7
Servicer Advance Joint Venture [Member] | Noncontrolling Third-party Investors [Member]
Investment [Line Items]
Funded capital commitments	$ 389.6

INVESTMENTS IN SERVICER ADVAN61

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances (Details) - Servicer Advance Joint Venture [Member] - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Investments in and Advances to Affiliates [Line Items]
Amortized Cost Basis	[1]	$ 5,015,655		$ 5,687,635
Carrying Value	[1],[2]	$ 5,037,172		$ 5,706,593
Weighted Average Discount Rate	[1]	5.60%		5.60%
Weighted Average Yield	[1]	5.60%		5.50%
Weighted Average Life (Years)	[1],[3]	4 years 10 months 9 days		4 years 7 months 1 day
Asset-backed securities, face amount, collateralized by servicer advances		$ 100,000		$ 100,000
Asset-backed securities, carrying value, collateralized by servicer advances		100,100		$ 100,100
Changes in Fair Value Recorded in Other Income		$ 2,559	$ (31,224)
[1]	Excludes asset-backed securities collateralized by Servicer Advances, which have aggregate face amounts of $100.0 million and $100.0 million and aggregate carrying values of $100.1 million and $100.1 million as of March 31, 2017 and December 31, 2016, respectively. See Note 7 for details related to these securities
[2]	Carrying value represents the fair value of the investments in Servicer Advances, including the basic fee component of the related MSRs.
[3]	Weighted Average Life represents the weighted average expected timing of the receipt of expected net cash flows for this investment.

INVESTMENTS IN SERVICER ADVAN62

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Additional Information (Details) - USD ($)		Mar. 31, 2017	Dec. 31, 2016
Investments in and Advances to Affiliates [Line Items]
Outstanding Servicer Advances	[1]	$ 5,037,172,000	$ 5,706,593,000
Face Amount of Notes and Bonds Payable		13,858,564,000
Non-Agency Bonds [Member]
Investments in and Advances to Affiliates [Line Items]
Face Amount of Notes and Bonds Payable		100,700,000
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investments in and Advances to Affiliates [Line Items]
UPB of Underlying Mortgages	[2]	177,919,442,000	186,362,657,000
Outstanding Servicer Advances	[2]	$ 5,078,268,000	$ 5,617,759,000
Servicer Advances to UPB of Underlying Residential Mortgage Loans	[2]	2.90%	3.00%
Face Amount of Notes and Bonds Payable	[2]	$ 4,858,413,000	$ 5,560,412,000
Gross Loan-to-Value	[2],[3]	93.50%	94.50%
Net Loan-to-Value	[2],[3],[4]	92.40%	93.40%
Gross Cost of Funds	[2],[5]	3.30%	3.20%
Net Cost of Funds	[2],[5]	2.90%	2.80%
Gross LTV, including deferred servicing fees		88.40%
Net LTV, including deferred servicing fees		87.30%
Gross LTV, if sold		95.40%
Net LTV, if sold		94.30%
Servicer Advance Joint Venture [Member] | Non-Agency Bonds [Member]
Investments in and Advances to Affiliates [Line Items]
Retained non-agency bonds, face amount		$ 100,700,000
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[2]	The following types of advances comprise the investments in Servicer Advances: March 31, 2017December 31, 2016Principal and interest advances$1,281,528$1,489,929Escrow advances (taxes and insurance advances)2,345,7172,613,050Foreclosure advances1,451,0231,514,780Total$5,078,268 $5,617,759
[3]	Based on outstanding Servicer Advances, excluding purchased but unsettled Servicer Advances and certain deferred servicing fees (“DSF”) on which New Residential receives financing. If New Residential were to include these DSF in the Servicer Advance balance, gross and net LTV as of March 31, 2017 would be 88.4% and 87.3%, respectively. Also excludes retained Non-Agency bonds with a current face amount of $100.7 million from the outstanding Servicer Advances debt. If New Residential were to sell these bonds, gross and net LTV as of March 31, 2017 would be 95.4% and 94.3%, respectively.
[4]	Ratio of face amount of borrowings to par amount of Servicer Advance collateral, net of any general reserve.
[5]	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 ADVAN63

INVESTMENTS IN SERVICER ADVANCES - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Total	[1]	$ 5,037,172	$ 5,706,593
Servicer Advance Joint Venture [Member] | Servicer Advances [Member]
Investment [Line Items]
Principal and interest advances		1,281,528	1,489,929
Escrow advances (taxes and insurance advances)		2,345,717	2,613,050
Foreclosure advances		1,451,023	1,514,780
Total	[2]	$ 5,078,268	$ 5,617,759
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[2]	The following types of advances comprise the investments in Servicer Advances: March 31, 2017December 31, 2016Principal and interest advances$1,281,528$1,489,929Escrow advances (taxes and insurance advances)2,345,7172,613,050Foreclosure advances1,451,0231,514,780Total$5,078,268 $5,617,759

INVESTMENTS IN SERVICER ADVAN64

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances (Details) - Servicer Advance Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investment [Line Items]
Interest income, gross of amounts attributable to servicer compensation	$ 73,856	$ 227,288
Amounts attributable to base servicer compensation	(4,147)	(29,509)
Amounts attributable to incentive servicer compensation	6,334	(119,142)
Interest income from investments in Servicer Advances	$ 76,043	$ 78,637

INVESTMENTS IN SERVICER ADVAN65

INVESTMENTS IN SERVICER ADVANCES - Summary of Information on the Assets and Liabilities related to Consolidated VIE (Details) - VIE, consolidated [Member] - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Assets
Servicer Advance investments, at fair value		$ 1,457,785	$ 1,731,633
Cash and cash equivalents		34,935	37,854
All other assets		19,306	19,799
Total assets	[1]	1,512,026	1,789,286
Liabilities
Notes and bonds payable		1,203,655	1,464,851
All other liabilities		4,536	5,187
Total liabilities	[1]	$ 1,208,191	$ 1,470,038
[1]	The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations.

INVESTMENTS IN SERVICER ADVAN66

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Servicer Advance Joint Venture [Member]
Investment [Line Items]
Investment		$ 303,835		$ 319,248
Ownership interest		45.80%
Net income in joint venture		$ 10,736	$ 7,575
Average ownership percentage		45.80%	44.50%
Others [Member]
Investment [Line Items]
Investment		$ 164,702		$ 173,057
Ownership interest		54.20%		54.20%
Net income in joint venture		$ 5,820	$ 4,202
Others' ownership interest as a percent of total	[1]	54.20%	55.50%
[1]	As a result, New Residential owned 45.8% and 44.5% of the Buyer, on average during the three months ended March 31, 2017 and 2016, respectively.

INVESTMENTS IN REAL ESTATE SE67

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2017USD ($)securitybond		Dec. 31, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 10,515,848
Amortized Cost Basis		5,779,840
Carrying Value		$ 5,938,743		$ 5,073,858
Weighted Average Life (Years)		1 year 6 months 23 days
Number of bonds which New Residential was unable to obtain rating information | bond		204
Investments		$ 17,226,190
Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments		305,400
Residual Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments		186,000
Non-Agency Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Investments		0
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities purchased		1,808,100
Purchase price of securities purchased		1,851,400
Face amount of securities sold		1,811,600
Amortized cost of securities sold		1,856,200
Proceeds from Sale of Available-for-sale Securities		1,851,900
Gain (Loss) on sale of securities sold		(4,300)
Outstanding Face Amount	[1],[2]	1,463,668
Amortized Cost Basis	[1],[2]	1,507,475
Gross Unrealized Gains	[1],[2]	1,012
Gross Unrealized Losses	[1],[2]	(5,323)
Carrying Value	[1],[2]	$ 1,503,164	[3]	1,530,298
Number of Securities | security	[1],[2]	56
Weighted Average Rating	[1],[2],[4]	AAA
Weighted Average Coupon	[1],[2],[5]	3.49%
Weighted Average Yield	[1],[2]	2.99%
Weighted Average Life (Years)	[1],[2],[6]	9 years 6 months 21 days
Agency RMBS [Member] | Fixed Rate Residential Mortgage [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 1,300,000
Agency RMBS [Member] | Adjustable Rate Residential Mortgage [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		133,400
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities purchased		2,121,500
Purchase price of securities purchased		1,012,500
Face amount of securities sold		35,000
Amortized cost of securities sold		23,100
Proceeds from Sale of Available-for-sale Securities		28,300
Gain (Loss) on sale of securities sold		5,200
Outstanding Face Amount	[7],[8],[9]	9,052,180
Amortized Cost Basis	[7],[8],[9]	4,272,365
Gross Unrealized Gains	[8],[9]	185,188
Gross Unrealized Losses	[8],[9]	(21,974)
Carrying Value	[8],[9]	$ 4,435,579	[3]	3,543,560
Number of Securities | security	[8],[9]	636
Weighted Average Rating	[4],[8],[9]	CCC
Weighted Average Coupon	[5],[8],[9]	1.86%
Weighted Average Yield	[8],[9]	5.75%
Weighted Average Life (Years)	[6],[8],[9]	7 years 11 months 12 days
Weighted Average Principal Subordination	[8],[9],[10]	9.40%
Non-Agency RMBS [Member] | Fixed Rate Residential Mortgage [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 1,200,000
Residual and interest - only notional amount		700,000
Non-Agency RMBS [Member] | Adjustable Rate Residential Mortgage [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		7,800,000
Residual and interest - only notional amount		2,600,000
Investments in Real Estate Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		10,515,848
Amortized Cost Basis		5,779,840
Gross Unrealized Gains		186,200
Gross Unrealized Losses		(27,297)
Carrying Value		$ 5,938,743	[3]	$ 5,073,858
Number of Securities | security		692
Weighted Average Rating	[4]	B+
Weighted Average Coupon	[5]	2.27%
Weighted Average Yield		5.03%
Weighted Average Life (Years)	[6]	8 years 4 months 13 days
Servicer Advances [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 100,000
Amortized Cost Basis		99,801
Gross Unrealized Gains		347
Gross Unrealized Losses		0
Carrying Value		$ 100,148
Number of Securities | security		1
Weighted Average Rating		AAA
Weighted Average Coupon		3.21%
Weighted Average Yield		3.11%
Weighted Average Life (Years)		5 months 29 days
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 27,500
Amortized Cost Basis		27,225
Gross Unrealized Gains		653
Gross Unrealized Losses		0
Carrying Value		$ 27,878
Number of Securities | security		1
Weighted Average Rating		B+
Weighted Average Coupon		6.55%
Weighted Average Yield		6.82%
Weighted Average Life (Years)		4 years 10 months 24 days
Interest-Only Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 2,639,832
Amortized Cost Basis		142,958
Gross Unrealized Gains		6,662
Gross Unrealized Losses		(7,267)
Carrying Value		$ 142,353
Number of Securities | security		33
Weighted Average Rating		AA+
Weighted Average Coupon		1.76%
Weighted Average Yield		5.64%
Weighted Average Life (Years)		3 years 5 months 11 days
Servicing Strip [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 443,439
Amortized Cost Basis		5,422
Gross Unrealized Gains		539
Gross Unrealized Losses		(151)
Carrying Value		$ 5,810
Number of Securities | security		12
Weighted Average Rating		N/A
Weighted Average Coupon		0.27%
Weighted Average Yield		21.95%
Weighted Average Life (Years)		6 years 4 months 19 days
[1]	Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac.
[2]	The total outstanding face amount was $1.3 billion for fixed rate securities and $133.4 million for floating rate securities as of March 31, 2017.
[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 204 bonds with a carrying value of $305.4 million 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]	Excludes residual bonds, and certain other Non-Agency bonds, with a carrying value of $186.0 million and $0.0 million, respectively, for which no coupon payment is expected.
[6]	The weighted average life is based on the timing of expected principal reduction on the assets.
[7]	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[8]	Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by Servicer Advances and (iii) corporate debt. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationServicer Advance Bonds $100,000 $99,801 $347 $— $100,148 1 AAA 3.21% 3.11% 0.5 N/ACorporate Debt 27,500 27,225 653 — 27,878 1 B+ 6.55% 6.82% 4.9 N/AFair Value Option Securities Interest-only Securities 2,639,832 142,958 6,662 (7,267) 142,353 33 AA+ 1.76% 5.64% 3.4 N/AServicing Strips 443,439 5,422 539 (151) 5,810 12 N/A 0.27% 21.95% 6.4 N/A
[9]	The total outstanding face amount was $1.2 billion (including $0.7 billion of residual and fair value option notional amount) for fixed rate securities and $7.8 billion (including $2.6 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2017.
[10]	Percentage of the amortized cost basis of securities that is subordinate to New Residential’s investments, excluding fair value option securities and servicer advance bonds.

INVESTMENTS IN REAL ESTATE SE68

INVESTMENTS IN REAL ESTATE SECURITIES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Other-than-temporary impairment	$ 2,112	$ 3,254
Real estate securities acquired during the period with credit quality deterioration, face amount	931,000
Real estate securities acquired during the period with credit quality deterioration, expected cash flows	829,500
Real estate securities acquired during the period with credit quality deterioration, fair value	544,200
Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities sold, unsettled	1,800,000
Face amount of securities purchased	1,300,000
Proceeds from sale of AFS, unsettled	1,900,000
Purchase of real estate securities, unsettled	1,400,000
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of securities sold, unsettled	94,000
Purchase of real estate securities, unsettled	$ 84,000

INVESTMENTS IN REAL ESTATE SE69

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2017USD ($)bondsecurity	Dec. 31, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 10,515,848
Other Than Temporary Impairment - Amortized Cost Basis		(17,257)	$ (15,495)
After Impairment - Amortized Cost Basis		5,779,840
Carrying Value - Total		$ 5,938,743
Weighted Average Life (Years)		1 year 6 months 23 days
Number of bonds which New Residential was unable to obtain rating information | bond		204
Securities in an Unrealized Loss Position Less than Twelve Months [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 1,481,506
Before Impairment - Amortized Cost Basis		761,309
Other Than Temporary Impairment - Amortized Cost Basis	[1]	(1,313)
After Impairment - Amortized Cost Basis		759,996
Gross Unrealized Losses - Less than Twelve Months		(13,192)
Carrying Value - Less than Twelve Months		$ 746,804
Number of Securities - Less than Twelve Months | security		183
Weighted Average Rating	[2]	CCC+
Weighted Average Coupon		1.62%
Weighted Average Yield		5.26%
Weighted Average Life (Years)		7 years 8 months 23 days
Number of bonds which New Residential was unable to obtain rating information | bond		78
Securities in an Unrealized Loss Position Twelve Months or More [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 906,464
Before Impairment - Amortized Cost Basis		281,437
Other Than Temporary Impairment - Amortized Cost Basis	[1]	(701)
After Impairment - Amortized Cost Basis		280,736
Gross Unrealized Losses - Twelve or More Months		(14,105)
Carrying Value - Twelve or More Months		$ 266,631
Number of Securities - Twelve or More Months | security		47
Weighted Average Rating	[2]	BBB
Weighted Average Coupon		2.20%
Weighted Average Yield		3.95%
Weighted Average Life (Years)		5 years 10 months 10 days
Number of bonds which New Residential was unable to obtain rating information | bond		10
Securities in a Loss Position [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount		$ 2,387,970
Before Impairment - Amortized Cost Basis		1,042,746
Other Than Temporary Impairment - Amortized Cost Basis	[1]	(2,014)
After Impairment - Amortized Cost Basis		1,040,732
Gross Unrealized Losses - Total		(27,297)
Carrying Value - Total		$ 1,013,435
Number of Securities - Total | security		230
Weighted Average Rating	[2]	B
Weighted Average Coupon		1.78%
Weighted Average Yield		4.91%
Weighted Average Life (Years)		7 years 2 months 22 days
[1]	This amount represents OTTI recorded on securities that are in an unrealized loss position as of March 31, 2017.
[2]	The weighted average rating of securities in an unrealized loss position for less than 12 months excludes the rating of 78 bonds which either have never been rated or for which rating information is no longer provided. The weighted average rating of securities in an unrealized loss position for 12 or more months excludes the rating of 10 bonds which either have never been rated or for which rating information is no longer provided.

INVESTMENTS IN REAL ESTATE SE70

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities in an Unrealized Loss Position - Associated Intent to Sell (Details)	3 Months Ended
	Mar. 31, 2017USD ($)
Schedule of Available-for-sale Securities [Line Items]
Unrealized losses reflected in other comprehensive income	$ 0
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 and Not More Like Than Not to be Required to Sell - Credit Impaired [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	284,321,000
Amortized Cost Basis After Impairment	291,456,000
Unrealized Credit Losses	(2,014,000)	[2]
Unrealized Non-Credit Losses	(7,135,000)	[3]
Securities No Intent to Sell and Not More Like Than Not to be Required to Sell - Non-Credit Impaired [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	729,114,000
Amortized Cost Basis After Impairment	749,276,000
Unrealized Credit Losses	0	[2]
Unrealized Non-Credit Losses	(20,162,000)	[3]
Securities in an Unrealized Loss Position [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	1,013,435,000
Amortized Cost Basis After Impairment	1,040,732,000
Unrealized Credit Losses	(2,014,000)	[2]
Unrealized Non-Credit Losses	$ (27,297,000)	[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, 2017.
[2]	This amount is required to be recorded as OTTI through earnings. In measuring the portion of credit losses, New Residential 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 New Residential’s expectations of prepayment rates, 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 SE71

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Activity Related to Credit Losses on Debt Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
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	$ 15,495
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	765
Additions for credit losses on securities for which an OTTI was not previously recognized	1,347
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	(350)
Ending balance of credit losses on debt securities for which a portion of an OTTI was recognized in other comprehensive income	$ 17,257

INVESTMENTS IN REAL ESTATE SE72

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Non-Agency RMBS [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 8,924,680	$ 7,202,218
Percentage of Total Outstanding	[1]	100.00%	100.00%
Non-Agency RMBS [Member] | Western U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 3,323,021	$ 2,757,424
Percentage of Total Outstanding	[1]	37.20%	38.30%
Non-Agency RMBS [Member] | Southeastern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 2,027,297	$ 1,635,596
Percentage of Total Outstanding	[1]	22.70%	22.70%
Non-Agency RMBS [Member] | Northeastern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 1,883,692	$ 1,426,519
Percentage of Total Outstanding	[1]	21.10%	19.80%
Non-Agency RMBS [Member] | Midwestern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 981,858	$ 778,372
Percentage of Total Outstanding	[1]	11.00%	10.80%
Non-Agency RMBS [Member] | Southwestern U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1]	$ 681,889	$ 557,033
Percentage of Total Outstanding	[1]	7.70%	7.70%
Non-Agency RMBS [Member] | Other U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Outstanding Face Amount	[1],[2]	$ 26,923	$ 47,274
Percentage of Total Outstanding	[1],[2]	0.30%	0.70%
Servicer Advances and Corporate Debt [Member] | Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of investment		$ 127,500
Servicer Advances [Member] | Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Face amount of investment			$ 100,000
[1]	Excludes $127.5 million and $100.0 million face amount of bonds backed by Servicer Advances and Corporate Debt at March 31, 2017 and December 31, 2016, respectively.
[2]	Represents collateral for which New Residential was unable to obtain geographic information.

INVESTMENTS IN REAL ESTATE SE73

INVESTMENTS IN REAL ESTATE SECURITIES - Schedule of the Outstanding Face Amount and Carrying Value for Securities Uncollectible (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Outstanding Face Amount	$ 3,769,689	$ 2,951,498
Carrying Value	$ 2,377,966	$ 1,871,466

INVESTMENTS IN REAL ESTATE SE74

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Changes in Accretable Yield for Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Certain Loans Acquired in Transfer Accounted for as Available-for-sale Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance, beginning	$ 1,200,125
Additions	285,249
Accretion	(35,008)
Reclassifications from (to) non-accretable difference	215,818
Disposals	(26,541)
Balance, ending	$ 1,639,643

INVESTMENTS IN RESIDENTIAL MO75

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loans Outstanding by Loan Type, Excluding REO (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2017USD ($)loan	Dec. 31, 2016USD ($)
Mortgage Loans on Real Estate [Line Items]
Weighted Average Life (Years)		1 year 6 months 23 days
Threshold period past due (in days)		60 days
Reverse Mortgage Loans, Held-For-Investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	$ 0
Carrying Value	[1],[2]	$ 0	$ 0
Loan Count | loan	[1],[2]	0
Weighted Average Yield	[1],[2]	0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount	[1],[2]	0.00%
Loan to Value Ratio (LTV)	[1],[2],[3]	0.00%
Weighted Average Delinquency	[1],[2],[4]	0.00%
Performing Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[5],[6]	$ 0
Carrying Value	[5],[6]	$ 0	0
Loan Count | loan	[5],[6]	0
Weighted Average Yield	[5],[6]	0.00%
Weighted Average Life (Years)		0 years
Floating Rate Loans as a % of Face Amount	[5],[6]	0.00%
Loan to Value Ratio (LTV)	[3],[5],[6]	0.00%
Weighted Average Delinquency	[4],[5],[6]	0.00%
Weighted Average FICO	[5],[6],[7]	0
Performing Loans [Member] | Ginnie Mae [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance		$ 36,600
Purchased Credit Deteriorated Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		194,655
Carrying Value		$ 182,939	190,761
Loan Count | loan		1,104
Weighted Average Yield		5.50%
Weighted Average Life (Years)		2 years 10 months 18 days
Floating Rate Loans as a % of Face Amount		8.30%
Loan to Value Ratio (LTV)	[3]	74.20%
Weighted Average Delinquency	[4]	82.80%
Weighted Average FICO	[7]	589
Residential Mortgage Loans, held-for-investment [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 194,655
Carrying Value		$ 182,939	190,761
Loan Count | loan		1,104
Weighted Average Yield		5.50%
Weighted Average Life (Years)		2 years 10 months 18 days
Floating Rate Loans as a % of Face Amount		8.30%
Loan to Value Ratio (LTV)	[3]	74.20%
Weighted Average Delinquency	[4]	82.80%
Weighted Average FICO	[7]	589
Reverse Mortgage Loans, Held-For-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[1],[2]	$ 21,677
Carrying Value	[1],[2]	$ 10,813	11,468
Loan Count | loan	[1],[2]	64
Weighted Average Yield	[1],[2]	7.00%
Weighted Average Life (Years)	[1],[2],[8]	4 years 8 months 20 days
Floating Rate Loans as a % of Face Amount	[1],[2]	15.80%
Loan to Value Ratio (LTV)	[1],[2],[3]	137.30%
Weighted Average Delinquency	[1],[2],[4]	73.70%
Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[5],[6]	$ 481,608
Carrying Value	[5],[6]	$ 483,106	175,194
Loan Count | loan	[5],[6]	7,467
Weighted Average Yield	[5],[6]	4.30%
Weighted Average Life (Years)	[5],[6],[8]	5 years 1 month 27 days
Floating Rate Loans as a % of Face Amount	[5],[6]	8.40%
Loan to Value Ratio (LTV)	[3],[5],[6]	63.00%
Weighted Average Delinquency	[4],[5],[6]	2.60%
Weighted Average FICO	[5],[6],[7]	660
Non-Performing Loans, held-for-sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount	[9]	$ 771,338
Carrying Value	[9]	$ 564,265	510,003
Loan Count | loan	[9]	4,527
Weighted Average Yield	[9]	5.70%
Weighted Average Life (Years)	[8],[9]	3 years 19 days
Floating Rate Loans as a % of Face Amount	[9]	18.50%
Loan to Value Ratio (LTV)	[3],[9]	100.40%
Weighted Average Delinquency	[4],[9]	68.50%
Weighted Average FICO	[7],[9]	573
Residential Mortgage Loans Held-for-Sale [Member]
Mortgage Loans on Real Estate [Line Items]
Outstanding Face Amount		$ 1,274,623
Carrying Value		$ 1,058,184	$ 696,665
Loan Count | loan		12,058
Weighted Average Yield		5.20%
Weighted Average Life (Years)	[8]	3 years 10 months 16 days
Floating Rate Loans as a % of Face Amount		14.60%
Loan to Value Ratio (LTV)	[3]	86.50%
Weighted Average Delinquency	[4]	43.70%
Weighted Average FICO	[7]	607
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Interest in reverse mortgage loans		70.00%
Unpaid principal balance		$ 500
Percentage of loans that have reached a termination event		61.00%
Non-Performing Loans [Member] | Ginnie Mae [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance		$ 76,700
[1]	FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[2]	Represents a 70% participation interest that New Residential holds in a portfolio of reverse mortgage loans. The average loan balance outstanding based on total UPB was $0.5 million. Approximately 61% of these loans have reached a termination event. As a result of the termination event, each such loan has matured and the borrower can no longer make draws on these loans.
[3]	LTV refers to the ratio comparing the loan’s unpaid principal balance to the value of the collateral property.
[4]	Represents the percentage of the total principal balance that is 60+ days delinquent.
[5]	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, 2017, New Residential has placed Non-Performing Loans, held-for-sale on nonaccrual status, except as described in (I) below.
[6]	Performing loans are generally placed on nonaccrual status when principal or interest is 120 days or more past due.
[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]	The weighted average life is based on the expected timing of the receipt of cash flows.
[9]	Includes $36.6 million and $76.7 million UPB of Ginnie Mae EBO performing and non-performing loans, respectively, on accrual status as contractual cash flows are guaranteed by the FHA.

INVESTMENTS IN RESIDENTIAL MO76

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Mortgage Loans on Real Estate [Line Items]
Threshold period past due (in days)	60 days
Government Guaranteed Mortgage Loans upon Foreclosure Receivable [Member]
Mortgage Loans on Real Estate [Line Items]
Claims receivable	$ 48.4
Reverse Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	0.5
Residential Mortgage Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Unpaid principal balance	$ 457.5

INVESTMENTS IN RESIDENTIAL MO77

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of the Geographic Distribution of the Underlying Residential Mortgage Loans (Details) - Residential Mortgage Loans [Member]	Mar. 31, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	100.00%	100.00%
California [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	15.30%	10.30%
New York [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	14.80%	16.70%
Florida [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	9.80%	11.40%
New Jersey [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	8.00%	9.60%
Texas [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	5.00%	3.90%
Maryland [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	4.20%	4.70%
Illinois [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.60%	4.00%
Massachusetts [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	3.10%	3.50%
Georgia [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.50%	2.30%
Pennsylvania [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	2.10%	2.90%
Other U.S. [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of Total Outstanding Unpaid Principal Amount	31.60%	30.70%

INVESTMENTS IN RESIDENTIAL MO78

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Residential Mortgage Loan Transactions (Details) - Residential Mortgage Loans [Member] $ in Millions	1 Months Ended
	Feb. 28, 2017USD ($)trust	Mar. 31, 2017USD ($)trust	Jan. 31, 2017USD ($)trust
Investment [Line Items]
Number of Trusts Called | trust	31	12	2
Securities Owned Prior [Member]
Investment [Line Items]
Face Amount	$ 60.9	$ 0	$ 49.3
Amortized Cost Basis	40.1	0	43.6
Assets Acquired [Member]
Investment [Line Items]
Unpaid Principal Balance	882	222.4	98.8
Loan Price	895.5	228.8	96.7
REO & Other Price	10.1	$ 0.4	$ 7.5
Loans Sold [Member]
Investment [Line Items]
Unpaid Principal Balance	773.8
Gain (Loss)	2.1
Bonds Retained [Member]
Investment [Line Items]
Basis	81.9
Retained Assets [Member]
Investment [Line Items]
Unpaid Principal Balance	105.9
Loan Price	90.1
REO & Other Price	$ 10.8

INVESTMENTS IN RESIDENTIAL MO79

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Reverse Mortgage Loans and Performing Loans and PCD Loans Held-for-Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Movement in Mortgage Loans on Real Estate [Roll Forward]
Accretion of loan discount and premium amortization, net	$ 192,424	$ 153,670
Transfer of loans to real estate owned	(31,513)
PCD Loans [Member]
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance, beginning	190,761
Purchases/additional fundings	0
Sales	0
Proceeds from repayments	(4,305)
Accretion of loan discount and premium amortization, net	4,102
Transfer of loans to real estate owned	(7,619)
Transfer of loans to held-for-sale	0
Balance, ending	$ 182,939

INVESTMENTS IN RESIDENTIAL MO80

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Unpaid Principal Balance and Carrying Value for Loans Uncollectible (Details) - PCD Loans [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]
Unpaid Principal Balance	$ 194,655	$ 203,673
Carrying Value	$ 182,939	$ 190,761

INVESTMENTS IN RESIDENTIAL MO81

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Changes in Accretable Yield (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 23,688
Additions	0
Accretion	(4,102)
Reclassifications from non-accretable difference	623	[1]
Disposals	(832)	[2]
Transfer of loans to held-for-sale	0	[3]
Ending balance	$ 19,377
[1]	Represents a probable and significant increase in cash flows previously expected to be uncollectible.
[2]	Includes sales of loans or foreclosures, which result in removal of the loan from the PCD loan pool at its carrying amount.
[3]	Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.

INVESTMENTS IN RESIDENTIAL MO82

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Loans Held-for-sale, Reconciliation [Roll Forward]
Transfer of loans to real estate owned	$ (31,513)
Loans Held-for-sale [Member]
Loans Held-for-sale, Reconciliation [Roll Forward]
Beginning balance, loans held-for-sale	696,665
Purchases	1,223,734	[1]
Transfer of loans from held-for-investment	0	[2]
Sales	(818,969)
Transfer of loans to other assets	(7,835)	[3]
Transfer of loans to real estate owned	(17,260)
Proceeds from repayments	(20,610)
Valuation provision on loans	2,459	[4]
Ending balance, loans held-for-sale	1,058,184
Provision for loans held-for-sale	$ 1,300
[1]	Represents loans acquired with the intent to sell.
[2]	Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.
[3]	Represents loans for which foreclosure has been completed and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2).
[4]	Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including an aggregate of $1.3 million of provision related to the call transactions executed during the three months ended March 31, 2017.

INVESTMENTS IN RESIDENTIAL MO83

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Schedule of Real Estate Owned (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Real Estate Owned [Roll Forward]
Beginning balance	$ 59,591
Purchases	9,730
Transfer of loans to real estate owned	31,513
Sales	(20,609)
Valuation provision on REO	(894)
Ending balance	$ 79,331

INVESTMENTS IN CONSUMER LOANS -

INVESTMENTS IN CONSUMER LOANS - Narrative (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		12 Months Ended
		Feb. 28, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Apr. 01, 2016	Dec. 31, 2014	Apr. 30, 2013
Schedule of Equity Method Investments [Line Items]
Basis in consumer loans investment							$ 0
Payments to acquire loans receivable			$ 0	$ 319
Consumer loans, equity method investees					$ 0
Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance					177,400
Payments to acquire loans receivable					$ 176,200
New Residential Investment Corp. [Member] | SpringCastle [Member]
Schedule of Equity Method Investments [Line Items]
Parent's ownership percentage						53.50%
OneMain [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of portfolio co-invested by other parties								47.00%
OneMain [Member] | SpringCastle Buyers [Member] | SpringCastle [Member]
Schedule of Equity Method Investments [Line Items]
Others’ ownership interest				47.00%
OneMain [Member] | NRZ SpringCastle Buyers [Member] | SpringCastle [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of voting interests acquired				23.50%
Percentage of company interest sold by selling company				50.00%
Blackstone Tactical Opportunities Advisors LLC [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of portfolio co-invested by other parties								23.00%
Blackstone SpringCastle Buyers [Member] | SpringCastle [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of company interest sold by selling company				50.00%
Others’ ownership interest						46.50%
Consumer Loan Consortium [Member]
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership		25.00%
Purchase agreement amount		$ 5,000,000
Term of purchase agreement (in years)		2 years
Consumer loans, equity method investees			$ 41,314
Consumer Loan Companies [Member]
Schedule of Equity Method Investments [Line Items]
New Residential’s ownership								30.00%
Percentage of portfolio co-invested by other parties								70.00%
Others’ ownership interest			46.50%		46.50%
Consumer Portfolio Segment [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance			$ 6,300
Consumer Portfolio Segment [Member] | Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire loans receivable			$ 0
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle [Member] | Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Parent's ownership percentage			53.50%		53.50%
Unpaid Principal Balance	[1]		$ 1,197,647		$ 1,275,121
[1]	Represents the weighted average expected timing of the receipt of expected cash flows for this investment.

INVESTMENTS IN CONSUMER LOANS85

INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Investments made through Equity Method Investees (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2017		Dec. 31, 2016	Apr. 01, 2016
Schedule of Equity Method Investments [Line Items]
Weighted Average Life (Years)		1 year 6 months 23 days
Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance				$ 177,400
New Residential Investment Corp. [Member] | SpringCastle [Member]
Schedule of Equity Method Investments [Line Items]
Parent's ownership percentage					53.50%
Consumer Portfolio Segment [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 6,300
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle [Member] | Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	[1]	$ 1,197,647		$ 1,275,121
Parent's ownership percentage		53.50%		53.50%
Carrying value		$ 1,244,661		$ 1,321,825
Weighted Average Coupon	[2]	18.70%		18.70%
Weighted Average Life (Years)	[3]	4 years 1 month 2 days		4 years 2 months 12 days
Delinquency		6.20%		6.30%
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle [Member] | Non-Performing Loans [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	[1]	$ 345,804		$ 371,261
Parent's ownership percentage		53.50%		53.50%
Carrying value		$ 291,693		$ 316,532
Weighted Average Coupon	[2]	16.50%		16.60%
Weighted Average Life (Years)	[3]	3 years 6 months 7 days		3 years 7 months 6 days
Delinquency		13.80%		14.00%
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | Prosper [Member] | Consumer Loan, Other [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance	[1]	$ 146,149		$ 163,570
Parent's ownership percentage		100.00%		100.00%
Carrying value		$ 143,464		$ 161,129
Weighted Average Coupon	[2]	14.20%		14.20%
Weighted Average Life (Years)	[3]	1 year 3 months 30 days		1 year 6 months
Delinquency		1.80%		0.30%
Consumer Portfolio Segment [Member] | New Residential Investment Corp. [Member] | SpringCastle and Prosper [Member]
Schedule of Equity Method Investments [Line Items]
Unpaid Principal Balance		$ 1,689,600	[1]	$ 1,809,952
Carrying value		$ 1,679,818		$ 1,799,486
Weighted Average Coupon	[2]	17.90%		17.90%
Weighted Average Life (Years)	[3]	3 years 9 months 2 days		3 years 9 months 18 days
Delinquency		7.40%		7.30%
[1]	Represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[2]	Represents the percentage of the total unpaid principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties.
[3]	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, which are accounted for as PCD loans.

INVESTMENTS IN CONSUMER LOANS86

INVESTMENTS IN CONSUMER LOANS - Consumer Loans Receivable Past Due (Details) - Performing Loans [Member] - Consumer Portfolio Segment [Member]	3 Months Ended
	Mar. 31, 2017	[1]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	100.00%
Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	94.70%
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	2.10%
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	1.10%
Financing Receivables, 90 to 119 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	0.70%	[2]
Financing Receivables, Equal to Greater than 120 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percent past due	1.40%	[2],[3]
[1]	Represents the percentage of the total unpaid principal balance that corresponds to loans that are in each delinquency status.
[2]	Includes loans more than 90 days past due and still accruing interest.
[3]	Interest is accrued up to the date of charge-off at 180 days past due.

INVESTMENTS IN CONSUMER LOANS87

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Loans (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Loans Receivable [Roll Forward]
Purchases		$ 0	$ 319
Proceeds from repayments		(4,481)	(8,754)
Accretion of loan discount and premium amortization, net		192,424	$ 153,670
Performing Loans [Member]
Loans Receivable [Roll Forward]
Purchases				$ 176,200
Consumer Portfolio Segment [Member] | Performing Loans [Member]
Loans Receivable [Roll Forward]
Beginning balance		1,482,954
Purchases		0
Additional fundings	[1]	12,877
Proceeds from repayments		(88,152)
Accretion of loan discount and premium amortization, net		1,406
Gross charge-offs		(20,762)
Additions to the allowance for loan losses, net		(198)
Ending balance		$ 1,388,125		$ 1,482,954
[1]	Represents draws on consumer loans with revolving privileges.

INVESTMENTS IN CONSUMER LOANS88

INVESTMENTS IN CONSUMER LOANS - Schedule of Valuation and Allowance for Loan Losses (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Unpaid Principal Balance			$ 177,400
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Unpaid Principal Balance		$ 6,300
Carrying value of TDR		5,400
Consumer Portfolio Segment [Member] | Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	[1]	2,441
Beginning balance	[2]	997
Beginning balance		3,438
Provision for loan losses		18,503
Net charge-offs	[3]	(18,305)
Ending balance	[1]	2,685
Ending balance	[2]	951
Ending balance		3,636
Recovery of bad debts		2,500
Consumer Portfolio Segment [Member] | Allowance for Losses on Finance Receivables, Collectively Evaluated [Member] | Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for loan losses	[1]	18,549
Net charge-offs	[1],[3]	(18,305)
Consumer Portfolio Segment [Member] | Allowance for Losses on Finance Receivables, Individually Impaired [Member] | Performing Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision for loan losses	[2]	(46)
Net charge-offs	[2],[3]	$ 0
[1]	Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount.
[2]	Represents consumer loan modifications considered to be troubled debt restructurings (“TDRs”) as they provide concessions to borrowers, primarily in the form of interest rate reductions, who are experiencing financial difficulty. As of March 31, 2017, there are $6.3 million in UPB and $5.4 million in carrying value of consumer loans classified as TDRs.
[3]	Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $2.5 million in recoveries of previously charged-off UPB.

INVESTMENTS IN CONSUMER LOANS89

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Loans Receivable [Roll Forward]
Proceeds from repayments		$ (4,481)	$ (8,754)
Accretion of loan discount and premium amortization, net		192,424	$ 153,670
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member]
Loans Receivable [Roll Forward]
Beginning balance		316,532
Allowance for Loan Losses	[1]	(1,384)
Proceeds from repayments		(34,415)
Accretion of loan discount and premium amortization, net		10,960
Ending balance		$ 291,693
[1]	Represents the present value of cash flows expected at acquisition that are no longer expected to be collected.

INVESTMENTS IN CONSUMER LOANS90

INVESTMENTS IN CONSUMER LOANS - Unpaid Principal Balance of Purchased Credit Deteriorated Loans (Details) - Receivables Acquired with Deteriorated Credit Quality [Member] - Consumer Portfolio Segment [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance	$ 345,804	$ 371,261
Carrying Value	$ 291,691	$ 316,532

INVESTMENTS IN CONSUMER LOANS91

INVESTMENTS IN CONSUMER LOANS - Changes in Accretable Yield (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	$ 23,688
Accretion	(4,102)
Ending balance	19,377
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning balance	167,928
Accretion	(10,960)
Reclassifications from non-accretable difference	(4,314)	[1]
Ending balance	$ 152,654
[1]	Represents a probable and significant decrease in cash flows previously expected to be collectible.

INVESTMENTS IN CONSUMER LOANS92

INVESTMENTS IN CONSUMER LOANS - Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Total Consumer Loan Companies equity	$ 4,102,112		$ 3,260,100
Others’ interests in equity of consolidated subsidiary	199,648		208,077
Noncontrolling interests in income (loss) of consolidated subsidiaries	15,780	$ 4,202
Consumer Loan Companies [Member]
Noncontrolling Interest [Line Items]
Total Consumer Loan Companies equity	75,153		$ 75,311
Net Consumer Loan Companies income (loss)	$ 21,420
Consumer Loan Companies [Member]
Noncontrolling Interest [Line Items]
Others’ ownership interest	46.50%		46.50%
Others’ interests in equity of consolidated subsidiary	$ 34,946		$ 35,020
Noncontrolling interests in income (loss) of consolidated subsidiaries	$ 9,960

INVESTMENTS IN CONSUMER LOANS93

INVESTMENTS IN CONSUMER LOANS - Consumer Loan Variable Interest Entities (Details) - VIE, consolidated [Member] - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Total assets	[1]	$ 1,512,026	$ 1,789,286
Notes and bonds payable		1,203,655	1,464,851
Accounts payable and accrued expenses		4,536	5,187
Total liabilities	[1]	1,208,191	$ 1,470,038
Consumer Loan Companies [Member]
Variable Interest Entity [Line Items]
Consumer loans, held-for-investment		1,536,354
Restricted cash		12,898
Accrued interest receivable		22,493
Total assets		1,571,745
Notes and bonds payable		1,549,877
Accounts payable and accrued expenses		901
Total liabilities		$ 1,550,778
[1]	The creditors of the Buyer do not have recourse to the general credit of New Residential and the assets of the Buyer are not directly available to satisfy New Residential’s obligations.

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Long [Member]
Derivative [Line Items]
Derivative liability, notional amount		$ 1,800,000
Long [Member] | Accrued Expenses and Other Liabilities [Member]
Derivative [Line Items]
Derivative liability, notional amount		600,000
TBAs [Member] | Short [Member]
Derivative [Line Items]
Derivative liability, notional amount	[1]	3,686,000	$ 3,465,500
TBAs [Member] | Long [Member]
Derivative [Line Items]
Derivative liability, notional amount	[1]	$ 2,361,000	$ 2,125,552
[1]	Represents the notional amount of Agency RMBS, classified as derivatives.

DERIVATIVES - Schedule of Deriv

DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative assets	$ 4,159	$ 6,762
Derivative liabilities	16,685	3,021
Interest Rate Caps [Member]
Derivative [Line Items]
Derivative assets	4,159	4,251
TBAs [Member]
Derivative [Line Items]
Derivative assets	0	2,511
Derivative liabilities	9,671	0
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	$ 7,014	$ 3,021

DERIVATIVES - Schedule of Der96

DERIVATIVES - Schedule of Derivatives - Notional Amount (Details) - Not Designated as Hedging Instrument [Member] - USD ($)		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Long [Member]
Derivative [Line Items]
Derivative liability, notional amount		$ 1,800,000,000
TBAs [Member] | Short [Member]
Derivative [Line Items]
Derivative liability, notional amount	[1]	3,686,000,000	$ 3,465,500,000
TBAs [Member] | Long [Member]
Derivative [Line Items]
Derivative liability, notional amount	[1]	2,361,000,000	2,125,552,000
Interest Rate Caps [Member]
Derivative [Line Items]
Derivative asset, notional amount	[2]	$ 910,000,000	1,185,000,000
Weighted average maturity (in months)		17 months
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liability, notional amount	[3]	$ 5,525,500,000	$ 3,640,000,000
Weighted average maturity (in months)		25 months
Weighted average fixed pay rate		1.51%
Interest Rate Cap, Contract One [Member]
Derivative [Line Items]
Derivative, cap interest rate		0.50%
Notional amount of derivatives		$ 550,000,000
Interest Rate Cap, Contract Two [Member]
Derivative [Line Items]
Derivative, cap interest rate		0.75%
Notional amount of derivatives		$ 25,000,000
Interest Rate Cap, Contract Three [Member]
Derivative [Line Items]
Derivative, cap interest rate		2.00%
Notional amount of derivatives		$ 185,000,000
Interest Rate Cap, Contract Four [Member]
Derivative [Line Items]
Derivative, cap interest rate		4.00%
Notional amount of derivatives		$ 150,000,000
[1]	Represents the notional amount of Agency RMBS, classified as derivatives.
[2]	Caps LIBOR at 0.50% for $550.0 million of notional, at 0.75% for $25.0 million of notional, at 2.00% for $185.0 million of notional, and at 4.00% for $150.0 million of notional. The weighted average maturity of the interest rate caps as of March 31, 2017 was 17 months.
[3]	Receive LIBOR and pay a fixed rate. The weighted average maturity of the interest rate swaps as of March 31, 2017 was 25 months and the weighted average fixed pay rate was 1.51%.

DERIVATIVES - Schedule of Der97

DERIVATIVES - Schedule of Derivatives - Gain (Losses) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	[1]	$ 4,326	$ (24,557)
Gain (loss) on settlement of derivatives		(11,836)	(30,379)
Total income (losses)		(7,510)	(54,936)
TBAs [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	[1]	123	(5,531)
Gain (loss) on settlement of derivatives		(6,801)	(28,171)
Interest Rate Caps [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	[1]	573	(951)
Gain (loss) on settlement of derivatives		(562)	(1,124)
Interest Rate Swap [Member]
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	[1]	3,630	(18,075)
Gain (loss) on settlement of derivatives		$ (4,473)	$ (1,084)
[1]	Represents unrealized gains (losses).

DEBT OBLIGATIONS - Schedule of

DEBT OBLIGATIONS - Schedule of Debt Obligations (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Outstanding Face Amount		$ 13,858,564,000
Carrying Value	[1]	$ 13,835,214,000	$ 13,181,236,000
Weighted Average Funding Cost		2.98%
Weighted Average Life (Years)		1 year 6 months 23 days
Interest payable		$ 22,821,000	23,108,000
Servicer Advances [Member]
Debt Instrument [Line Items]
Carrying Value	[2]	4,900,030,000	5,549,872,000
Consumer Loans [Member]
Debt Instrument [Line Items]
Carrying Value		1,551,863,000	1,700,211,000
Repurchase Agreements [Member] | Agency RMBS [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[3],[4]	1,928,567,000
Carrying Value	[1],[3],[4]	$ 1,928,567,000	1,764,760,000
Weighted Average Funding Cost	[3],[4]	0.92%
Weighted Average Life (Years)	[3],[4]	1 month 18 days
Repurchase Agreements [Member] | Agency RMBS [Member] | Trade And Other Receivables [Member]
Debt Instrument [Line Items]
Collateral amount		$ 1,900,000,000
Repurchase Agreements [Member] | Agency RMBS [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[3],[4]	4 months 2 days
Outstanding Face of Collateral	[3],[4]	$ 1,944,003,000
Amortized Cost Basis of Collateral	[3],[4]	2,001,088,000
Carrying Value of Collateral	[3],[4]	1,991,354,000
Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[4],[5]	3,301,281,000
Carrying Value	[1],[4],[5]	$ 3,301,281,000	2,654,242,000
Weighted Average Funding Cost	[4],[5]	2.52%
Weighted Average Life (Years)	[4],[5]	29 days
Repurchase Agreements [Member] | Non-Agency RMBS [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[4],[5]	7 years 11 months 15 days
Outstanding Face of Collateral	[4],[5]	$ 8,133,518,000
Amortized Cost Basis of Collateral	[4],[5]	4,104,083,000
Carrying Value of Collateral	[4],[5]	4,262,611,000
Repurchase Agreements [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[4],[6]	961,633,000
Carrying Value	[1],[4],[6]	$ 958,925,000	686,412,000
Weighted Average Funding Cost	[4],[6]	3.34%
Weighted Average Life (Years)	[4],[6]	10 months 20 days
Repurchase Agreements [Member] | Residential Mortgage [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[4],[6]	3 years 8 months 28 days
Outstanding Face of Collateral	[4],[6]	$ 1,385,903,000
Amortized Cost Basis of Collateral	[4],[6]	1,244,350,000
Carrying Value of Collateral	[4],[6]	1,230,307,000
Repurchase Agreements [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[4],[7],[8]	89,114,000
Carrying Value	[1],[4],[7],[8]	$ 88,863,000	85,217,000
Weighted Average Funding Cost	[4],[7],[8]	3.51%
Weighted Average Life (Years)	[4],[7],[8]	5 months 2 days
Repurchase Agreements [Member] | Real Estate Owned [Member] | Collateral [Member]
Debt Instrument [Line Items]
Carrying Value of Collateral	[4],[7],[8]	$ 123,646,000
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[4]	6,280,595,000
Carrying Value	[1],[4]	$ 6,277,636,000	5,190,631,000
Weighted Average Funding Cost	[4]	2.17%
Weighted Average Life (Years)	[4]	2 months 21 days
Interest payable		$ 10,700,000
Notes Payable [Member] | Residential Mortgage [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[9]	8,813,000
Carrying Value	[1],[9]	$ 8,813,000	8,271,000
Weighted Average Funding Cost	[9]	3.63%
Weighted Average Life (Years)	[9]	6 months 18 days
Notes Payable [Member] | Residential Mortgage [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[9]	4 years 8 months 12 days
Outstanding Face of Collateral	[9]	$ 12,077,000
Amortized Cost Basis of Collateral	[9]	6,740,000
Carrying Value of Collateral	[9]	6,740,000
Notes Payable [Member] | Real Estate Owned [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[9]	2,564,000
Carrying Value	[1],[9]	$ 2,564,000	3,106,000
Weighted Average Funding Cost	[9]	3.63%
Weighted Average Life (Years)	[9]	6 months 18 days
Notes Payable [Member] | Real Estate Owned [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate spread		2.875%
Notes Payable [Member] | Real Estate Owned [Member] | Collateral [Member]
Debt Instrument [Line Items]
Carrying Value of Collateral	[9]	$ 2,517,000
Notes Payable [Member] | Secured Corporate Note [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[10]	809,363,000
Carrying Value	[1],[10]	$ 804,835,000	729,145,000
Weighted Average Funding Cost	[10]	5.41%
Weighted Average Life (Years)	[10]	2 years 4 days
Notes Payable [Member] | Secured Corporate Note [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[10]	6 years 2 months 6 days
Outstanding Face of Collateral	[10]	$ 288,539,501,000
Amortized Cost Basis of Collateral	[10]	1,237,711,000
Carrying Value of Collateral	[10]	1,405,960,000
Notes Payable [Member] | Full MSRs [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[11]	290,000,000
Carrying Value	[1],[11]	$ 289,473,000	0
Weighted Average Funding Cost	[11]	5.42%
Weighted Average Life (Years)	[11]	10 months 19 days
Notes Payable [Member] | Full MSRs [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[11]	6 years 10 months 17 days
Outstanding Face of Collateral	[11]	$ 71,607,199,000
Amortized Cost Basis of Collateral	[11]	510,479,000
Carrying Value of Collateral	[11]	591,238,000
Notes Payable [Member] | Servicer Advances [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[12]	4,911,052,000
Carrying Value	[1],[12]	$ 4,900,030,000	5,549,872,000
Weighted Average Funding Cost	[12]	3.31%
Weighted Average Life (Years)	[12]	2 years 6 months 23 days
Face amount of debt at fixed rate		$ 4,500,000,000
Notes Payable [Member] | Servicer Advances [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable interest rate spread		1.85366%
Notes Payable [Member] | Servicer Advances [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable interest rate spread		2.41568%
Notes Payable [Member] | Servicer Advances [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[12]	4 years 9 months 22 days
Outstanding Face of Collateral	[12]	$ 5,135,429,000
Amortized Cost Basis of Collateral	[12]	5,076,788,000
Carrying Value of Collateral	[12]	5,098,305,000
Notes Payable [Member] | Consumer Loans [Member]
Debt Instrument [Line Items]
Outstanding Face Amount	[13],[14]	1,556,177,000
Carrying Value	[1],[13],[14]	$ 1,551,863,000	1,700,211,000
Weighted Average Funding Cost	[13],[14]	3.52%
Weighted Average Life (Years)	[13],[14]	3 years 8 months 25 days
Notes Payable [Member] | Consumer Loans [Member] | Collateral [Member]
Debt Instrument [Line Items]
Weighted Average Life (Years)	[13],[14]	3 years 9 months 2 days
Outstanding Face of Collateral	[13],[14]	$ 1,689,600,000
Amortized Cost Basis of Collateral	[13],[14]	1,683,279,000
Carrying Value of Collateral	[13],[14]	1,679,645,000
Notes Payable [Member] | Total Notes Payable [Member]
Debt Instrument [Line Items]
Outstanding Face Amount		7,577,969,000
Carrying Value	[1]	$ 7,557,578,000	$ 7,990,605,000
Weighted Average Funding Cost		3.66%
Weighted Average Life (Years)		2 years 8 months 4 days
Secured Debt [Member] | 4.75% Secured Corporate Note [Member]
Debt Instrument [Line Items]
Outstanding Face Amount		$ 220,000,000
Secured Debt [Member] | 4.75% Secured Corporate Note [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate spread		4.75%
Secured Debt [Member] | 4.25% Secured Corporate Note [Member]
Debt Instrument [Line Items]
Outstanding Face Amount		$ 285,000,000
Secured Debt [Member] | 4.25% Secured Corporate Note [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate spread		4.25%
Secured Debt [Member] | 5.68% Secured Corporate Note [Member]
Debt Instrument [Line Items]
Outstanding Face Amount		$ 304,400,000
Interest rate, stated percentage		5.683%
Secured Debt [Member] | 4.25% Agency MSR Secured Note [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate spread		4.25%
Secured Debt [Member] | UPB Class A [Member]
Debt Instrument [Line Items]
UPB of Underlying Mortgages		$ 1,200,000,000
Interest rate, stated percentage		3.05%
Secured Debt [Member] | UPB Class B [Member]
Debt Instrument [Line Items]
UPB of Underlying Mortgages		$ 210,800,000
Interest rate, stated percentage		4.10%
Secured Debt [Member] | UPB Class C-1 [Member]
Debt Instrument [Line Items]
UPB of Underlying Mortgages		$ 18,300,000
Interest rate, stated percentage		5.63%
Secured Debt [Member] | UPB Class C-2 [Member]
Debt Instrument [Line Items]
UPB of Underlying Mortgages		$ 18,300,000
Interest rate, stated percentage		5.63%
Secured Debt [Member] | 3.25% Consumer Loans [Member]
Debt Instrument [Line Items]
Outstanding Face Amount		$ 114,995,025.18000001
Secured Debt [Member] | 3.25% Consumer Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Variable interest rate spread		3.25%
Retained Servicer Advance and Consumer Bonds [Member] | Repurchase Agreements [Member] | Non-Agency RMBS [Member]
Debt Instrument [Line Items]
Carrying Value		$ 165,300,000
[1]	Net of deferred financing costs.
[2]	New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances.
[3]	All of the Agency RMBS repurchase agreements have a fixed rate. Collateral amounts include approximately $1.9 billion of related trade and other receivables.
[4]	These repurchase agreements had approximately $10.7 million of associated accrued interest payable as of March 31, 2017.
[5]	All of the Non-Agency RMBS repurchase agreements have LIBOR-based floating interest rates. This includes repurchase agreements of $165.3 million on retained servicer advance and consumer loan bonds.
[6]	All of these repurchase agreements have LIBOR-based floating interest rates.
[7]	All of these repurchase agreements have LIBOR-based floating interest rates.
[8]	Includes financing collateralized by receivables including claims from FHA on Ginnie Mae EBO loans for which foreclosure has been completed and for which New Residential has made or intends to make a claim on the FHA guarantee.
[9]	The note is payable to Nationstar and bears interest equal to one-month LIBOR plus 2.875%.
[10]	Includes $220.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.75%, $285.0 million of corporate loans which bear interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25%, and a $304.4 million corporate loan which bears interest equal to 5.68%. The outstanding face amount of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure these notes, and the $304.4 million corporate loan is also collateralized by the rights to the related basic fee portion of the MSRs.
[11]	This note is secured by Agency MSRs and bears interest equal to the sum of (i) a floating rate index equal to one-month LIBOR and (ii) a margin of 4.25%.
[12]	$4.5 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 equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.4%. Collateral includes Servicer Advances related to the mortgage servicing rights.
[13]	Includes a $115.0 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25%.
[14]	Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $1.2 billion UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024.

DEBT OBLIGATIONS - Narrative (D

DEBT OBLIGATIONS - Narrative (Details) $ in Thousands	Mar. 31, 2017USD ($)agreement
Debt Instrument [Line Items]
Face amount of debt	$ 13,858,564
Repurchase Agreements [Member] | Total Repurchase Agreements [Member]
Debt Instrument [Line Items]
Face amount of debt	$ 6,280,595	[1]
Stockholders' Equity, Total [Member] | Counterpary Concentration Risk [Member] | Repurchase Agreements [Member]
Debt Instrument [Line Items]
Number of repurchase agreements, outstanding | agreement	0
[1]	These repurchase agreements had approximately $10.7 million of associated accrued interest payable as of March 31, 2017.

DEBT OBLIGATIONS - Schedule 100

DEBT OBLIGATIONS - Schedule of Debt Obligations - Carrying Value (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Debt Instrument [Roll Forward]
Beginning balance	[1]	$ 13,181,236
Borrowings		9,874,154	$ 4,993,318
Repayments		(8,788,534)	$ (5,062,857)
Ending balance	[1]	13,835,214
Excess MSRs [Member]
Debt Instrument [Roll Forward]
Beginning balance		729,145
Ending balance		804,835
Mortgage Servicing Rights [Member]
Debt Instrument [Roll Forward]
Beginning balance		0
Ending balance		289,473
Servicer Advances [Member]
Debt Instrument [Roll Forward]
Beginning balance	[2]	5,549,872
Ending balance	[2]	4,900,030
Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Beginning balance		4,419,002
Ending balance		5,229,848
Real Estate Loans and REO [Member]
Debt Instrument [Roll Forward]
Beginning balance		783,006
Ending balance		1,059,165
Consumer Loans [Member]
Debt Instrument [Roll Forward]
Beginning balance		1,700,211
Ending balance		1,551,863
Repurchase Agreements [Member]
Debt Instrument [Roll Forward]
Borrowings		9,875,441
Repayments		(8,788,534)
Capitalized deferred financing costs, net of amortization		98
Repurchase Agreements [Member] | Excess MSRs [Member]
Debt Instrument [Roll Forward]
Borrowings		0
Repayments		0
Capitalized deferred financing costs, net of amortization		0
Repurchase Agreements [Member] | Mortgage Servicing Rights [Member]
Debt Instrument [Roll Forward]
Borrowings		0
Repayments		0
Capitalized deferred financing costs, net of amortization		0
Repurchase Agreements [Member] | Servicer Advances [Member]
Debt Instrument [Roll Forward]
Borrowings	[2]	0
Repayments	[2]	0
Capitalized deferred financing costs, net of amortization	[2]	0
Repurchase Agreements [Member] | Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Borrowings		9,518,606
Repayments		(8,707,760)
Capitalized deferred financing costs, net of amortization		0
Repurchase Agreements [Member] | Real Estate Loans and REO [Member]
Debt Instrument [Roll Forward]
Borrowings		356,835
Repayments		(80,774)
Capitalized deferred financing costs, net of amortization		98
Repurchase Agreements [Member] | Consumer Loans [Member]
Debt Instrument [Roll Forward]
Borrowings		0
Repayments		0
Capitalized deferred financing costs, net of amortization		0
Notes Payable [Member]
Debt Instrument [Roll Forward]
Borrowings		2,220,907
Repayments		(2,653,967)
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		33
Notes Payable [Member] | Excess MSRs [Member]
Debt Instrument [Roll Forward]
Borrowings		610,000
Repayments		(534,891)
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		581
Notes Payable [Member] | Mortgage Servicing Rights [Member]
Debt Instrument [Roll Forward]
Borrowings		290,000
Repayments		0
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		(527)
Notes Payable [Member] | Servicer Advances [Member]
Debt Instrument [Roll Forward]
Beginning balance	[1],[3]	5,549,872
Borrowings	[2]	1,320,907
Repayments	[2]	(1,970,298)
Discount on borrowings, net of amortization	[2]	0
Capitalized deferred financing costs, net of amortization	[2]	(451)
Ending balance	[1],[3]	4,900,030
Notes Payable [Member] | Real Estate Securities [Member]
Debt Instrument [Roll Forward]
Borrowings		0
Repayments		0
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		0
Notes Payable [Member] | Real Estate Loans and REO [Member]
Debt Instrument [Roll Forward]
Borrowings		0
Repayments		0
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		0
Notes Payable [Member] | Consumer Loans [Member]
Debt Instrument [Roll Forward]
Beginning balance	[1],[4],[5]	1,700,211
Borrowings		0
Repayments		(148,778)
Discount on borrowings, net of amortization		0
Capitalized deferred financing costs, net of amortization		430
Ending balance	[1],[4],[5]	$ 1,551,863
[1]	Net of deferred financing costs.
[2]	New Residential net settles daily borrowings and repayments of the Notes and Bonds Payable on its Servicer Advances.
[3]	$4.5 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 equal to one-month LIBOR or a cost of funds rate, as applicable, and (ii) a margin ranging from 1.9% to 2.4%. Collateral includes Servicer Advances related to the mortgage servicing rights.
[4]	Includes a $115.0 million face amount note collateralized by newly originated consumer loans which bears interest equal to one-month LIBOR plus 3.25%.
[5]	Includes the SpringCastle debt, which is comprised of the following classes of asset-backed notes held by third parties: $1.2 billion UPB of Class A notes with a coupon of 3.05% and a stated maturity date in November 2023; $210.8 million UPB of Class B notes with a coupon of 4.10% and a stated maturity date in March 2024; $18.3 million UPB of Class C-1 notes with a coupon of 5.63% and a stated maturity date in March 2024; $18.3 million UPB of Class C-2 notes with a coupon of 5.63% and a stated maturity date in March 2024.

DEBT OBLIGATIONS - Schedule 101

DEBT OBLIGATIONS - Schedule of Contractual Maturities of Debt Obligations (Details) $ in Thousands	Mar. 31, 2017USD ($)
Debt maturing in:
April 1 through December 31, 2017	$ 6,256,006
2,018	1,606,040
2,019	3,041,636
2,020	376,246
2,021	1,137,454
2022 and thereafter	1,441,182
Total	13,858,564
Nonrecourse [Member]
Debt maturing in:
April 1 through December 31, 2017	229,588
2,018	1,034,044
2,019	2,248,705
2,020	376,246
2,021	1,137,454
2022 and thereafter	1,441,182
Total	6,467,219
Recourse [Member]
Debt maturing in:
April 1 through December 31, 2017	6,026,418
2,018	571,996
2,019	792,931
2,020	0
2,021	0
2022 and thereafter	0
Total	$ 7,391,345

DEBT OBLIGATIONS - Schedule 102

DEBT OBLIGATIONS - Schedule of Borrowing Capacity (Details)	3 Months Ended
	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Face amount of debt	$ 13,858,564,000
Non-Agency Bonds [Member]
Debt Instrument [Line Items]
Face amount of debt	100,700,000
Residential Mortgage Loans [Member]
Debt Instrument [Line Items]
Borrowing Capacity	2,420,000,000
Balance Outstanding	1,050,747,000
Available Financing	1,369,253,000
Excess MSRs [Member]
Debt Instrument [Line Items]
Borrowing Capacity	525,000,000
Balance Outstanding	505,000,000
Available Financing	20,000,000
Full MSRs [Member]
Debt Instrument [Line Items]
Borrowing Capacity	300,000,000
Balance Outstanding	290,000,000
Available Financing	10,000,000
Servicer Advances [Member]
Debt Instrument [Line Items]
Borrowing Capacity	5,845,720,000	[1]
Balance Outstanding	4,911,052,000	[1]
Available Financing	$ 934,668,000	[1]
Unused borrowing capacity fee	0.10%
Consumer Loan [Member]
Debt Instrument [Line Items]
Borrowing Capacity	$ 150,000,000
Balance Outstanding	114,995,000
Available Financing	35,005,000
Debt Excess Borrowing Capacity [Member]
Debt Instrument [Line Items]
Borrowing Capacity	9,240,720,000
Balance Outstanding	6,871,794,000
Available Financing	$ 2,368,926,000
[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 0.1% fee on the unused borrowing capacity. Excludes borrowing capacity and outstanding debt for retained Non-Agency bonds with a current face amount of $100.7 million.

FAIR VALUE MEASUREMENT - Schedu

FAIR VALUE MEASUREMENT - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Investments in:
Excess mortgage servicing rights, at fair value		$ 1,369,341	$ 1,399,455
Mortgage servicing rights, at fair value		1,694,792	659,483
Real estate securities, available-for-sale		5,938,743	5,073,858
Consumer loans, held-for-investment, principal balance	[1]	1,679,818	1,799,486
Derivative assets		4,159	6,762
Restricted cash		158,373	163,095
Liabilities
Derivative liabilities		16,685	$ 3,021
Recurring Basis [Member]
Investments in:
Excess mortgage servicing rights, principal balance	[2]	267,265,720
Excess mortgage servicing rights, equity method investees, principal balance	[2]	58,610,831
Mortgage servicing rights, principal balance		185,291,769
Servicer advances, principal balance		5,078,268
Real estate securities, available-for-sale, principal balance		10,515,848
Residential mortgage loans, held-for-investment, principal balance		194,655
Residential mortgage loans, held-for-sale, principal balance		1,274,623
Consumer loans, held-for-investment, principal balance		1,689,600
Derivative assets, notional amount		910,000
Cash and cash equivalents, principal balance		236,557
Restricted cash, principal balance		158,373
Other Assets, principal balance		1,092,007
Liabilities
Repurchase agreements, principal balance		6,280,595
Notes and bonds payable, principal balance		7,577,969
Derivative liabilities, notional amount		11,572,500
Recurring Basis [Member] | Level 1 [Member]
Investments in:
Mortgage servicing rights, at fair value		0
Recurring Basis [Member] | Level 2 [Member]
Investments in:
Mortgage servicing rights, at fair value		0
Recurring Basis [Member] | Level 3 [Member]
Investments in:
Mortgage servicing rights, at fair value		1,694,792
Recurring Basis [Member] | Carrying Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,369,341
Excess mortgage servicing rights, equity method investees, at fair value	[2]	185,870
Mortgage servicing rights, at fair value		1,694,792
Servicer advances, at fair value		5,037,172
Real estate securities, available-for-sale		5,938,743
Residential mortgage loans, held-for-investment		182,939
Residential mortgage loans, held-for-sale		1,058,184
Consumer loans, held-for-investment		1,679,818
Derivative assets		4,159
Cash and cash equivalents		236,557
Restricted cash		158,373
Other Assets		6,723
Assets, fair value		17,552,671
Liabilities
Repurchase agreements		6,277,636
Notes and bonds payable		7,557,578
Derivative liabilities		16,685
Liabilities, fair value		13,851,899
Recurring Basis [Member] | Fair Value [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,369,341
Excess mortgage servicing rights, equity method investees, at fair value	[2]	185,870
Mortgage servicing rights, at fair value		1,694,792
Servicer advances, at fair value		5,037,172
Real estate securities, available-for-sale		5,938,743
Residential mortgage loans, held-for-investment		180,253
Residential mortgage loans, held-for-sale		1,078,905
Consumer loans, held-for-investment		1,694,916
Derivative assets		4,159
Cash and cash equivalents		236,557
Restricted cash		158,373
Other Assets		6,723
Assets, fair value		17,585,804
Liabilities
Repurchase agreements		6,280,595
Notes and bonds payable		7,556,186
Derivative liabilities		16,685
Liabilities, fair value		13,853,466
Recurring Basis [Member] | Fair Value [Member] | Level 1 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	0
Excess mortgage servicing rights, equity method investees, at fair value	[2]	0
Servicer advances, at fair value		0
Real estate securities, available-for-sale		0
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		0
Consumer loans, held-for-investment		0
Derivative assets		0
Cash and cash equivalents		236,557
Restricted cash		158,373
Other Assets		0
Assets, fair value		394,930
Liabilities
Repurchase agreements		0
Notes and bonds payable		0
Derivative liabilities		0
Liabilities, fair value		0
Recurring Basis [Member] | Fair Value [Member] | Level 2 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	0
Excess mortgage servicing rights, equity method investees, at fair value	[2]	0
Servicer advances, at fair value		0
Real estate securities, available-for-sale		1,503,164
Residential mortgage loans, held-for-investment		0
Residential mortgage loans, held-for-sale		0
Consumer loans, held-for-investment		0
Derivative assets		4,159
Cash and cash equivalents		0
Restricted cash		0
Other Assets		0
Assets, fair value		1,507,323
Liabilities
Repurchase agreements		6,280,595
Notes and bonds payable		0
Derivative liabilities		16,685
Liabilities, fair value		6,297,280
Recurring Basis [Member] | Fair Value [Member] | Level 3 [Member]
Investments in:
Excess mortgage servicing rights, at fair value	[2]	1,369,341
Excess mortgage servicing rights, equity method investees, at fair value	[2]	185,870
Servicer advances, at fair value		5,037,172
Real estate securities, available-for-sale		4,435,579
Residential mortgage loans, held-for-investment		180,253
Residential mortgage loans, held-for-sale		1,078,905
Consumer loans, held-for-investment		1,694,916
Derivative assets		0
Cash and cash equivalents		0
Restricted cash		0
Other Assets		6,723
Assets, fair value		15,683,551
Liabilities
Repurchase agreements		0
Notes and bonds payable		7,556,186
Derivative liabilities		0
Liabilities, fair value		$ 7,556,186
[1]	New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[2]	The notional amount represents the total unpaid principal balance of the residential mortgage loans underlying the MSRs and Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.

FAIR VALUE MEASUREMENT - Sch104

FAIR VALUE MEASUREMENT - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis using Level 3 Inputs (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Excess MSRs Investees [Member]
Purchases, sales and repayments
New Residential’s ownership		50.00%	50.00%
Recurring Basis [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		$ 11,503,879
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	(2,112)
Included in change in fair value of investments in excess mortgage servicing rights	[2]	821
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	(244)
Included in servicing revenue, net		(27,055)
Included in change in fair value of investments in servicer advances		2,559
Included in gain (loss) on settlement of investments, net		5,201
Included in other income	[2]	1,385
Gains (losses) included in other comprehensive income, net of tax	[3]	34,806
Interest income		180,355
Purchases, sales and repayments
Purchases		5,377,643
Proceeds from sales		(28,324)
Proceeds from repayments		(4,326,160)
Balance, ending		12,722,754
Recurring Basis [Member] | Level 3 [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	[4],[5]	659,483
Transfers from Level 3	[1],[4],[5]	0
Transfers to Level 3	[1],[4],[5]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[4],[5]	0
Included in servicing revenue, net		(27,055)
Included in change in fair value of investments in servicer advances	[4],[5]	0
Included in gain (loss) on settlement of investments, net	[4],[5]	0
Included in other income	[2],[4],[5]	0
Gains (losses) included in other comprehensive income, net of tax	[3],[4],[5]	0
Interest income	[4],[5]	0
Purchases, sales and repayments
Purchases	[4],[5]	1,062,364
Proceeds from sales	[4],[5]	0
Proceeds from repayments	[4],[5]	0
Balance, ending	[4],[5]	1,694,792
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		3,543,560
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	(2,112)
Included in change in fair value of investments in excess mortgage servicing rights	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	0
Included in servicing revenue, net		0
Included in change in fair value of investments in servicer advances		0
Included in gain (loss) on settlement of investments, net		5,201
Included in other income	[2]	758
Gains (losses) included in other comprehensive income, net of tax	[3]	34,806
Interest income		72,896
Purchases, sales and repayments
Purchases		1,012,485
Proceeds from sales		(28,324)
Proceeds from repayments		(203,691)
Balance, ending		4,435,579
Recurring Basis [Member] | Level 3 [Member] | Servicer Advances [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning		5,706,593
Transfers from Level 3	[1]	0
Transfers to Level 3	[1]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2]	0
Included in servicing revenue, net		0
Included in change in fair value of investments in servicer advances		2,559
Included in gain (loss) on settlement of investments, net		0
Included in other income	[2]	0
Gains (losses) included in other comprehensive income, net of tax	[3]	0
Interest income		76,042
Purchases, sales and repayments
Purchases		3,302,794
Proceeds from sales		0
Proceeds from repayments		(4,050,816)
Balance, ending		5,037,172
Recurring Basis [Member] | Level 3 [Member] | MSRs Agency [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning	[5]	381,757
Transfers from Level 3	[1],[5]	0
Transfers to Level 3	[1],[5]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[5]	(832)
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[5]	0
Included in servicing revenue, net		0
Included in change in fair value of investments in servicer advances	[5]	0
Included in gain (loss) on settlement of investments, net	[5]	0
Included in other income	[2],[5]	536
Gains (losses) included in other comprehensive income, net of tax	[3],[5]	0
Interest income	[5]	6,894
Purchases, sales and repayments
Purchases	[5]	0
Proceeds from sales	[5]	0
Proceeds from repayments	[5]	(18,899)
Balance, ending	[5]	369,456
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	[4],[5]	194,788
Transfers from Level 3	[1],[4],[5]	0
Transfers to Level 3	[1],[4],[5]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[4],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[4],[5]	(244)
Included in servicing revenue, net		0
Included in change in fair value of investments in servicer advances	[4],[5]	0
Included in gain (loss) on settlement of investments, net	[4],[5]	0
Included in other income	[2],[4],[5]	0
Gains (losses) included in other comprehensive income, net of tax	[3],[4],[5]	0
Interest income	[4],[5]	0
Purchases, sales and repayments
Purchases	[4],[5]	0
Proceeds from sales	[4],[5]	0
Proceeds from repayments	[4],[5]	(8,674)
Balance, ending	[4],[5]	185,870
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	[5]	1,017,698
Transfers from Level 3	[1],[5]	0
Transfers to Level 3	[1],[5]	0
Gains (losses) included in net income
Included in other-than-temporary impairment (''OTTI'') on securities	[2],[5]	0
Included in change in fair value of investments in excess mortgage servicing rights	[2],[5]	1,653
Included in change in fair value of investments in excess mortgage servicing rights, equity method investees	[2],[5]	0
Included in servicing revenue, net		0
Included in change in fair value of investments in servicer advances	[5]	0
Included in gain (loss) on settlement of investments, net	[5]	0
Included in other income	[2],[5]	91
Gains (losses) included in other comprehensive income, net of tax	[3],[5]	0
Interest income	[5]	24,523
Purchases, sales and repayments
Purchases	[5]	0
Proceeds from sales	[5]	0
Proceeds from repayments	[5]	(44,080)
Balance, ending	[5]	$ 999,885
[1]	Transfers are assumed to occur at the beginning of the 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 and realized gains (losses) recorded during the period.
[3]	The components of Servicing revenue, net are disclosed in Note 5.
[4]	Amounts represent New Residential’s portion of the Excess MSRs held by the respective joint ventures in which New Residential has a 50% interest.
[5]	Includes the recapture agreement for each respective pool.

FAIR VALUE MEASUREMENT - Summar

FAIR VALUE MEASUREMENT - Summary of Certain Information Regarding Inputs used in Valuing Excess MSRs Owned Directly and through Equity Method Investees (Details)	3 Months Ended
	Mar. 31, 2017
Excess MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	9.20%	[1],[2]
Delinquency	3.70%	[2],[3]
Recapture Rate	14.40%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0017	[2],[5]
Excess MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	25 years
MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	10.30%	[1],[2],[6]
Delinquency	0.80%	[2],[3],[6]
Recapture Rate	28.30%	[2],[4],[6]
Excess Mortgage Servicing Amount (bps)	0.0027	[2],[5]
MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	22 years	[6]
Directly Held [Member] | Excess MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	9.10%	[1],[2]
Delinquency	3.40%	[2],[3]
Recapture Rate	10.30%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0016	[2],[5]
Directly Held [Member] | Excess MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	26 years
Directly Held [Member] | Agency [Member] | Original Pools [Member]
Directly Held (Note 4)
Prepayment Speed	9.40%	[1],[2]
Delinquency	3.10%	[2],[3]
Recapture Rate	30.60%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0021	[2],[5]
Directly Held [Member] | Agency [Member] | Original Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	24 years
Directly Held [Member] | Agency [Member] | Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	7.20%	[1],[2]
Delinquency	4.20%	[2],[3]
Recapture Rate	22.90%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0022	[2],[5]
Directly Held [Member] | Agency [Member] | Recaptured Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	25 years
Directly Held [Member] | Agency [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	7.10%	[1],[2]
Delinquency	4.10%	[2],[3]
Recapture Rate	25.50%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0021	[2],[5]
Directly Held [Member] | Agency [Member] | Excess MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	8.70%	[1],[2]
Delinquency	3.40%	[2],[3]
Recapture Rate	28.60%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0021	[2],[5]
Directly Held [Member] | Agency [Member] | Excess MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	24 years
Directly Held [Member] | Non-Agency [Member] | Original Pools [Member]
Directly Held (Note 4)
Prepayment Speed	11.80%	[1],[2],[7]
Recapture Rate	15.00%	[2],[4],[7]
Excess Mortgage Servicing Amount (bps)	0.0015	[2],[5],[8]
Directly Held [Member] | Non-Agency [Member] | Original Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	24 years
Directly Held [Member] | Non-Agency [Member] | Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	7.70%	[1],[2],[7]
Recapture Rate	19.80%	[2],[4],[7]
Excess Mortgage Servicing Amount (bps)	0.0022	[2],[5],[8]
Directly Held [Member] | Non-Agency [Member] | Recaptured Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	24 years
Directly Held [Member] | Non-Agency [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	7.60%	[1],[2],[7]
Recapture Rate	19.70%	[2],[4],[7]
Excess Mortgage Servicing Amount (bps)	0.0020	[2],[5],[8]
Directly Held [Member] | Non-Agency [Member] | Ocwen Serviced Pools [Member]
Directly Held (Note 4)
Prepayment Speed	8.70%	[1],[2],[7]
Recapture Rate	0.00%	[2],[4],[7]
Excess Mortgage Servicing Amount (bps)	0.0014	[2],[5],[8]
Directly Held [Member] | Non-Agency [Member] | Ocwen Serviced Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	26 years
Directly Held [Member] | Non-Agency [Member] | Excess MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	9.30%	[1],[2],[7]
Recapture Rate	3.60%	[2],[4],[7]
Excess Mortgage Servicing Amount (bps)	0.0014	[2],[5],[8]
Directly Held [Member] | Non-Agency [Member] | Excess MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	26 years
Held through Equity Method Investees [Member] | Excess MSRs [Member]
Directly Held (Note 4)
Prepayment Speed	9.70%	[1],[2]
Delinquency	4.70%	[2],[3]
Recapture Rate	30.10%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0021	[2],[5]
Held through Equity Method Investees [Member] | Excess MSRs [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	23 years
Held through Equity Method Investees [Member] | Agency [Member] | Original Pools [Member]
Directly Held (Note 4)
Prepayment Speed	11.60%	[1],[2]
Delinquency	5.00%	[2],[3]
Recapture Rate	35.00%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0019	[2],[5]
Held through Equity Method Investees [Member] | Agency [Member] | Original Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	23 years
Held through Equity Method Investees [Member] | Agency [Member] | Recaptured Pools [Member]
Directly Held (Note 4)
Prepayment Speed	7.40%	[1],[2]
Delinquency	4.30%	[2],[3]
Recapture Rate	24.30%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0023	[2],[5]
Held through Equity Method Investees [Member] | Agency [Member] | Recaptured Pools [Member] | Weighted Average [Member]
Directly Held (Note 4)
Collateral Weighted Average Maturity (in years)	24 years
Held through Equity Method Investees [Member] | Agency [Member] | Recapture Agreements [Member]
Directly Held (Note 4)
Prepayment Speed	7.40%	[1],[2]
Delinquency	4.50%	[2],[3]
Recapture Rate	24.10%	[2],[4]
Excess Mortgage Servicing Amount (bps)	0.0023	[2],[5]
[1]	Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2]	Weighted by fair value of the portfolio.
[3]	Projected percentage of residential mortgage loans in the pool for which the borrower will miss its mortgage payments.
[4]	Percentage of voluntarily prepaid loans that are expected to be refinanced by the related servicer or subservicer, as applicable.
[5]	Weighted average total mortgage servicing amount, in excess of the basic fee as applicable, measured in basis points (bps).
[6]	For certain pools, recapture rate represents the expected recapture rate with the successor subservicer appointed by NRM.
[7]	Weighted average maturity of the underlying residential mortgage loans in the pool.
[8]	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 MEASUREMENT - Narrat

FAIR VALUE MEASUREMENT - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 300,000
Asset fair value adjustment	(1,600)
Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member]
Schedule of Equity Method Investments [Line Items]
Fair Value	$ 249,014
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Broker price discount	10.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Broker price discount	25.00%
Residential Mortgage Loans [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 249,000
Real Estate Acquired in Satisfaction of Debt [Member]
Schedule of Equity Method Investments [Line Items]
Assets measured at fair value on a nonrecurring basis	59,300
Real Estate Owned [Member]
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment	900
Loans Held-for-sale [Member]
Schedule of Equity Method Investments [Line Items]
Asset fair value adjustment	$ 2,500
MSRs [Member]
Schedule of Equity Method Investments [Line Items]
Discount rate	11.50%
Excess MSRs Investees [Member] | MSRs [Member]
Schedule of Equity Method Investments [Line Items]
Weighted average discount rate, used to value investments in excess MSRs	9.80%

FAIR VALUE MEASUREMENT - Sum107

FAIR VALUE MEASUREMENT - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances [Member]	3 Months Ended
	Mar. 31, 2017
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans	2.10%
Prepayment Speed	9.70%	[1]
Delinquency	14.60%
Mortgage Servicing Amount (bps)	0.00082	[2]
Discount Rate	5.60%
Weighted Average [Member]
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Collateral Weighted Average Maturity (in years)	25 years 9 months 9 days	[3]
[1]	Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2]	Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.
[3]	Weighted average maturity of the underlying residential mortgage loans in the pool.

FAIR VALUE MEASUREMENT - Sch108

FAIR VALUE MEASUREMENT - Schedule of Securities Valuation Methodology and Results (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)source
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	$ 10,515,848
Amortized Cost Basis	5,779,840
Total Fair Value	$ 5,938,743
Number of broker quotation sources | source	2
Percent of securities	79.90%
Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	$ 5,925,101	[1]
Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	13,642	[2]
Single Quote [Member] | Seller [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	13,500
Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	1,463,668	[3],[4]
Amortized Cost Basis	1,507,475	[3],[4]
Agency RMBS [Member] | Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	1,503,164
Agency RMBS [Member] | Level 2 [Member] | Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	1,503,164	[1]
Agency RMBS [Member] | Level 2 [Member] | Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	0	[2]
Non-Agency RMBS [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Outstanding Face Amount	9,052,180	[5],[6],[7]
Amortized Cost Basis	4,272,365	[5],[6],[7]
Fair Value	$ 3,542,483
Non-Agency RMBS [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount Rate	2.00%
Prepayment Rate	0.25%	[8]
Delinquency	0.10%	[9]
Loss Severity	5.00%	[10]
Non-Agency RMBS [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Discount Rate	32.75%
Prepayment Rate	24.00%	[8]
Delinquency	10.00%	[9]
Loss Severity	100.00%	[10]
Non-Agency RMBS [Member] | Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	$ 4,435,579	[5]
Non-Agency RMBS [Member] | Level 3 [Member] | Multiple Quotes [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	4,421,937	[1],[5]
Non-Agency RMBS [Member] | Level 3 [Member] | Single Quote [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total Fair Value	$ 13,642	[2],[5]
[1]	New Residential 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. New Residential evaluates quotes received and determines one as being most representative of fair value, and does 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 it 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. New Residential 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, it selects one of the quotes which is believed to more accurately reflect fair value. New Residential has not adjusted any of the quotes received in the periods presented. 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. New Residential’s investments in Agency RMBS are classified within Level 2 of the fair value hierarchy because the market for these securities is very active and market prices are readily observable.The third-party pricing services and brokers engaged by New Residential (collectively, “valuation providers”) use either the income approach or the market approach, or a combination of the two, in arriving at their estimated valuations of RMBS. Valuation providers using the market approach generally look at prices and other relevant information generated by market transactions involving identical or comparable assets. Valuation providers using the income approach create pricing models that generally incorporate such assumptions as discount rates, expected prepayment rates, expected default rates and expected loss severities. New Residential has reviewed the methodologies utilized by its valuation providers and has found them to be consistent with GAAP requirements. In addition to obtaining multiple quotations, when available, and reviewing the valuation methodologies of its valuation providers, New Residential creates its own internal pricing models for Level 3 securities and uses the outputs of these models as part of its process of evaluating the fair value estimates it receives from its valuation providers. These models incorporate the same types of assumptions as the models used by the valuation providers, but the assumptions are developed independently. These assumptions are regularly refined and updated at least quarterly by New Residential, and reviewed by its valuation group, which is separate from its investment acquisition and management group, to reflect market developments and actual performance.For 79.9% of New Residential’s Non-Agency RMBS, the ranges of assumptions used by New Residential’s valuation providers are summarized in the table below. The assumptions used by New Residential’s valuation providers with respect to the remainder of New Residential’s Non-Agency RMBS were not readily available. Fair Value Discount Rate Prepayment Rate(a) CDR(b) Loss Severity(c)Non-Agency RMBS $3,542,483 2.00 % to 32.75% 0.25% to 24% 0.10 % to 10% 5.0 % to 100%(a)Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool.(b)Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool.(c)Represents 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 balance.
[2]	New Residential was unable to obtain quotations from more than one source on these securities. For approximately $13.5 million, the one source was the party that sold New Residential the security.
[3]	Includes securities issued or guaranteed by U.S. Government agencies such as Fannie Mae or Freddie Mac.
[4]	The total outstanding face amount was $1.3 billion for fixed rate securities and $133.4 million for floating rate securities as of March 31, 2017.
[5]	Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[6]	Includes other asset backed securities (“ABS”) consisting primarily of (i) interest-only securities and servicing strips (fair value option securities) which New Residential elected to carry at fair value and record changes to valuation through the income statement, (ii) bonds backed by Servicer Advances and (iii) corporate debt. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationServicer Advance Bonds $100,000 $99,801 $347 $— $100,148 1 AAA 3.21% 3.11% 0.5 N/ACorporate Debt 27,500 27,225 653 — 27,878 1 B+ 6.55% 6.82% 4.9 N/AFair Value Option Securities Interest-only Securities 2,639,832 142,958 6,662 (7,267) 142,353 33 AA+ 1.76% 5.64% 3.4 N/AServicing Strips 443,439 5,422 539 (151) 5,810 12 N/A 0.27% 21.95% 6.4 N/A
[7]	The total outstanding face amount was $1.2 billion (including $0.7 billion of residual and fair value option notional amount) for fixed rate securities and $7.8 billion (including $2.6 billion of residual and fair value option notional amount) for floating rate securities as of March 31, 2017.
[8]	Represents the annualized rate of the prepayments as a percentage of the total principal balance of the pool.
[9]	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance of the pool.
[10]	Represents 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 balance.

FAIR VALUE MEASUREMENT - Sch109

FAIR VALUE MEASUREMENT - Schedule of Valuation of Loans on Nonrecurring Basis (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average Life (Years)	1 year 6 months 23 days
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate	4.80%
Weighted Average Life (Years)	5 years 9 months 13 days	[1]
Prepayment Rate	7.50%
Loss Severity	31.20%	[2]
Performing Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average Life (Years)	0 years
Performing Loans [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate	3.90%
Weighted Average Life (Years)	7 years 1 month 9 days	[1]
Prepayment Rate	9.80%
CDR	1.60%	[3]
Loss Severity	31.80%	[2]
Non-Performing Loans [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate	6.50%
Weighted Average Life (Years)	3 years 1 month 21 days	[1]
Prepayment Rate	3.00%
CDR	3.00%	[3]
Loss Severity	30.00%	[2]
Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 249,014
Fair Value [Member] | Performing Loans [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	166,025
Fair Value [Member] | Non-Performing Loans [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 82,989
[1]	The weighted average life is based on the expected timing of the receipt of cash flows.
[2]	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.
[3]	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.

FAIR VALUE MEASUREMENT - Sch110

FAIR VALUE MEASUREMENT - Schedule of Inputs Used in Valuing Residential Mortgage Loans (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 17,910,000	$ 6,745,000
Weighted Average Life (Years)		1 year 6 months 23 days
Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Interest in reverse mortgage loans		70.00%
Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Weighted Average Life (Years)		0 years
Residential Mortgage [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ (3,472,000)
Discount Rate		5.30%
Weighted Average Life (Years)	[1]	3 years 4 months 13 days
Loss Severity	[2]	31.70%
Residential Mortgage [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year	[3]	$ 0
Discount Rate	[3]	7.00%
Weighted Average Life (Years)	[1],[3]	4 years 8 months 20 days
Loss Severity	[2],[3]	8.60%
Residential Mortgage [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 0
Discount Rate		4.50%
Weighted Average Life (Years)	[1]	4 years 1 month
Prepayment Rate		10.70%
CDR	[4]	1.00%
Loss Severity	[2]	36.20%
Residential Mortgage [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ (3,472,000)
Discount Rate		5.60%
Weighted Average Life (Years)	[1]	3 years 1 day
Prepayment Rate		2.30%
CDR	[4]	3.00%
Loss Severity	[2]	30.00%
Residential Mortgage [Member] | Carrying Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		$ 992,109,000
Residential Mortgage [Member] | Carrying Value [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value	[3]	10,813,000
Residential Mortgage [Member] | Carrying Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		317,081,000
Residential Mortgage [Member] | Carrying Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		664,215,000
Residential Mortgage [Member] | Fair Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		1,010,145,000
Residential Mortgage [Member] | Fair Value [Member] | Reverse Mortgage Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	[3]	12,112,000
Residential Mortgage [Member] | Fair Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		320,236,000
Residential Mortgage [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		677,797,000
Consumer Loan [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation and Loss Provision/ (Reversal) In Current Year		$ 19,886,000
Discount Rate		9.20%
Weighted Average Life (Years)	[1]	3 years 9 months 2 days
Prepayment Rate		15.80%
CDR	[4]	6.00%
Loss Severity	[2]	87.70%
Consumer Loan [Member] | Carrying Value [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Carrying Value		$ 1,679,818,000
Consumer Loan [Member] | Fair Value [Member] | Consumer Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 1,694,916,000
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		4.80%
Weighted Average Life (Years)	[5]	5 years 9 months 13 days
Prepayment Rate		7.50%
Loss Severity	[6]	31.20%
Fair Value, Measurements, Nonrecurring [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		3.90%
Weighted Average Life (Years)	[5]	7 years 1 month 9 days
Prepayment Rate		9.80%
CDR	[7]	1.60%
Loss Severity	[6]	31.80%
Fair Value, Measurements, Nonrecurring [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount Rate		6.50%
Weighted Average Life (Years)	[5]	3 years 1 month 21 days
Prepayment Rate		3.00%
CDR	[7]	3.00%
Loss Severity	[6]	30.00%
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 249,014,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		166,025,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | Non-Performing Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 82,989,000
[1]	The weighted average life is based on the expected timing of the receipt of cash flows.
[2]	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.
[3]	Carrying value and fair value represent a 70% participation interest New Residential holds in the portfolio of reverse mortgage loans.
[4]	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.
[5]	The weighted average life is based on the expected timing of the receipt of cash flows.
[6]	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.
[7]	Represents the annualized rate of the involuntary prepayments (defaults) as a percentage of the total principal balance.

EQUITY AND EARNINGS PER SHARE -

EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 26, 2017	Feb. 28, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Dividend declared per Share of Common Stock (in dollars per share)	$ 0.48		$ 0.48	$ 0.46
Dividends	$ 147,500		$ 147,520
Issuance of common stock		$ 834,500	$ 835,465	$ 0
Risk free interest rate		2.38%
Expected dividend rate		10.82%
Expected volatility rate		28.64%
Expected term (in years)		10 years
Common stock, shares outstanding (in shares)			307,334,117		250,773,117
Share price (in dollars per share)			$ 16.98
Diluted common stock equivalent, shares outstanding, adjustment (in shares)			1,640,864	67,510
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
Common Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Issuance of common stock (in shares)		56,500,000
Shares issued, price per share (in dollars per share)		$ 15
Options granted (in shares)		5,700,000
Stock issued for services, value		$ 8,100
Common Stock [Member] | Executive Officer [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Issuance of common stock (in shares)		18,600
Number of officers participating		1

EQUITY AND EARNINGS PER SHAR112

EQUITY AND EARNINGS PER SHARE - Options Outstanding by Issuance (Details)	Mar. 31, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	18,730,188
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	16,344,475
Manager's Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	2,379,713
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	6,000
Other Affiliates [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	18,730,188

EQUITY AND EARNINGS PER SHAR113

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	18,730,188
Options Exercisable (in shares)	9,551,035
Options Granted in 2007 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	12,255
Weighted average exercise price (in dollars per share) | $ / shares	$ 29.92
Options Granted in 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	258,750
Weighted average exercise price (in dollars per share) | $ / shares	$ 12.20
Options Granted in 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	1,708,708
Options Granted in 2015 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	$ 15.25
Options Granted in 2015 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share) | $ / shares	$ 15.88
Options Granted in 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	400,000
Weighted average exercise price (in dollars per share) | $ / shares	$ 14.20
Options Assigned [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	2,379,713
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of unexercised options (in shares)	6,000
Director [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Directors
Date of Grant	Various	[1]
Number of unexercised options (in shares)	6,000
Options Exercisable (in shares)	6,000
Weighted average exercise price (in dollars per share) | $ / shares	$ 13.99	[2]
Intrinsic value of exercisable options | $	$ 0
2007 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,007	[1],[3]
Number of unexercised options (in shares)	228,000	[3]
Options Exercisable (in shares)	228,000	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 29.92	[2],[3]
Intrinsic value of exercisable options | $	$ 0	[3]
2012 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,012	[1],[3]
Number of unexercised options (in shares)	25,000	[3]
Options Exercisable (in shares)	25,000	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 7.19	[2],[3]
Intrinsic value of exercisable options | $	$ 0.2	[3]
2013 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,013	[1],[3]
Number of unexercised options (in shares)	835,571	[3]
Options Exercisable (in shares)	835,571	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 11.48	[2],[3]
Intrinsic value of exercisable options | $	$ 4.6	[3]
2014 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,014	[1],[3]
Number of unexercised options (in shares)	1,437,500	[3]
Options Exercisable (in shares)	1,437,500	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 12.20	[2],[3]
Intrinsic value of exercisable options | $	$ 6.9	[3]
2015 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,015	[1],[3]
Number of unexercised options (in shares)	8,543,539	[3]
Options Exercisable (in shares)	6,363,811	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 15.44	[2],[3]
Intrinsic value of exercisable options | $	$ 9.8	[3]
2016 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,016	[1],[3]
Number of unexercised options (in shares)	2,000,000	[3]
Options Exercisable (in shares)	466,667	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 14.20	[2],[3]
Intrinsic value of exercisable options | $	$ 1.3	[3]
2017 [Member] | Manager [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recipient	Manager	[3]
Date of Grant	2,017	[1],[3]
Number of unexercised options (in shares)	5,654,578	[3]
Options Exercisable (in shares)	188,486	[3]
Weighted average exercise price (in dollars per share) | $ / shares	$ 15	[2],[3]
Intrinsic value of exercisable options | $	$ 0.4	[3]
[1]	Options expire on the tenth anniversary from date of grant.
[2]	The exercise prices are subject to adjustment in connection with return of capital dividends.
[3]	The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant Range of ExercisePrices Total UnexercisedInception to Date2007 $29.92 12,2552014 $12.20 258,7502015 $15.25 to $15.88 1,708,7082016 $14.20 400,000Total 2,379,713

EQUITY AND EARNINGS PER SHAR114

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options (Details)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance, Outstanding options (in shares)	13,196,610
Options granted (in shares)	5,654,578
Options exercised (in shares)	0
Options expired unexercised (in shares)	(121,000)
Ending balance, Outstanding options (in shares)	18,730,188
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, granted (in dollars per share) | $ / shares	$ 15
Weighted average exercise price, exercised (in dollars per share) | $ / shares	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - lawsuit	Nov. 08, 2015	Feb. 13, 2015
Putative Class Action Lawsuits [Member]
Loss Contingencies [Line Items]
Number of claims		3
Shareholder Derivative Actions [Member]
Loss Contingencies [Line Items]
Number of claims	3

TRANSACTIONS WITH AFFILIATES116

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	May 15, 2013
Related Party Transaction [Line Items]
Management agreement, renewal term (in years)	1 year
Termination fee, number of months' pay (in months)	12 months
Proportion of directors' votes needed to terminate	0.6666666667000
Accruals for MSR Fund Payments	$ 0.1
Mortgage Servicing Rights, Amount Transferred to Accrued Funds	$ 0.1
Investment Interest Income - Excess MSRs [Member] | Credit Concentration Risk [Member] | Nationstar [Member]
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	63.60%
Investment Interest Income - MSRs [Member] | Credit Concentration Risk [Member] | Nationstar [Member]
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	10.20%
Investment Interest Income - Servicer Advances [Member] | Credit Concentration Risk [Member] | Nationstar [Member]
Related Party Transaction [Line Items]
Percentage of UPB of loans underlying investments	33.10%
Manager [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] | Residential Mortgage [Member]
Related Party Transaction [Line Items]
Unpaid Principal Balance	$ 679.6
Nationstar [Member] | Real Estate Owned [Member]
Related Party Transaction [Line Items]
Unpaid balance of real estate owned	31.7
Nationstar [Member] | Non-Agency RMBS [Member]
Related Party Transaction [Line Items]
Face amount of investment	5,400
Unpaid Principal Balance	$ 16,300
Redemption premium percentage	0.75%
Nationstar [Member] | Agency RMBS [Member]
Related Party Transaction [Line Items]
Face amount of investment	$ 30.5

TRANSACTIONS WITH AFFILIATES117

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES - Schedule of Affiliate Transactions (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Due to Affiliate, Total		$ 23,119		$ 47,348
Management fees		13,074	$ 10,008
Incentive compensation		12,460	1,196
Manager [Member]
Related Party Transaction [Line Items]
Management fees		9,393		3,689
Incentive compensation		12,460		42,197
Expense reimbursements and other		1,266		1,462
Due to Affiliate, Total		23,119		$ 47,348
Management fees		13,074	10,008
Incentive compensation		12,460	1,196
Expense reimbursements	[1]	125	125
Total payments to affiliate		$ 25,659	$ 11,329
[1]	Included in General and Administrative Expenses in the Condensed Consolidated Statements of Income.

RECLASSIFICATION FROM ACCUMU118

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME - Summary of Amounts Reclassified out of Accumulated Other Comprehensive Income into Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other-than-temporary impairment (OTTI) on securities	$ 2,112	$ 3,254
Total reclassifications	1,119	3,121
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (loss) on settlement of investments, net	(993)	(133)
Other-than-temporary impairment (OTTI) on securities	$ 2,112	$ 3,254

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current:
Federal	$ 2,108	$ 458
State and Local	70	0
Total Current Income Tax Expense (Benefit)	2,178	458
Deferred:
Federal	2,746	(9,450)
State and Local	672	(1,231)
Total Deferred Income Tax Expense (Benefit)	3,418	(10,681)
Total Income Tax Expense (Benefit)	$ 5,596	$ (10,223)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Deferred income tax asset, net	$ 147,866	$ 151,284

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Millions	Apr. 28, 2017USD ($)	Jan. 26, 2017$ / shares	Apr. 30, 2017USD ($)trust
Subsequent Event [Line Items]
Dividend declared per share (in dollars per share) | $ / shares		$ 0.48
Subsequent Event [Member]
Subsequent Event [Line Items]
Payment of common stock dividends	$ 147.5
Unpaid Principal Balance			$ 668
Non-Agency [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of securitization trusts | trust			14
Unpaid Principal Balance			$ 382.6
Total purchase price			$ 382.8