Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details)

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INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Servicer Advance Joint Venture [Member]          
Investment [Line Items]          
New Residential’s investment $ 417,481   $ 417,481   $ 457,545
Others’ ownership interest 44.50%   44.50%    
Net income in joint venture $ 16,725 $ 105,882 $ 27,222 $ 119,393  
Others [Member]          
Investment [Line Items]          
New Residential’s investment $ 231,652   $ 231,652   $ 253,836
Others’ ownership interest 55.50%   55.50%   55.50%
Net income in joint venture [1] $ 9,279 $ 58,705 $ 15,102 $ 66,798  
Others' ownership interest as a percent of total [2] 55.50% 55.40% 55.50% 56.00%  
[1] Excludes HLSS shareholders’ interests in the net income (loss) of HLSS of $5.1 million, $0.0 million, $5.1 million, and $0.0 million during these periods, respectively.
[2] As a result, New Residential owned 44.5% and 44.6% of the Buyer, on average during the three months ended June 30, 2015 and 2014, respectively, and 44.5% and 44.1% of the Buyer, on average during the six months ended June 30, 2015 and 2014, respectively.