Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details) - Excess MSRs Investees [Member] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]          
Excess MSR assets $ 421,673   $ 421,673   $ 653,293
Other assets 10,551   10,551   8,472
Other liabilities 0   0   (13)
Equity 432,224   432,224   661,752
New Residential’s investment $ 216,112   $ 216,112   $ 330,876
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 9,216 $ 17,292 $ 20,917 $ 35,785  
Other income (loss) (3,005) 8,194 (4,840) 2,489  
Expenses (22) (1) (46) (41)  
Net income $ 6,189 $ 25,485 $ 16,031 $ 38,233