Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Footnote) (Details)

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INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Footnote) (Details)
$ in Thousands
Jun. 30, 2015
USD ($)
bond
Dec. 31, 2014
USD ($)
Schedule of Available-for-sale Securities [Line Items]    
Number of bonds which New Residential was unable to obtain rating information | bond 46  
Outstanding face amount $ 3,328,343  
Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount [1],[2] 958,141  
Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 2,370,202 [3],[4],[5] $ 1,896,150
Other ABS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount $ 1,222,088  
Percent of other RMBS representing carrying value of Non-Agency RMBS portfolio 7.40%  
Fixed Rate Residential Mortgage [Member] | Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount $ 753,800  
Fixed Rate Residential Mortgage [Member] | Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 1,400,000  
Residual and interest - only notional amount 1,400,000  
Floating Rate Residential Mortgage [Member] | Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 204,300  
Floating Rate Residential Mortgage [Member] | Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 954,600  
Residual and interest - only notional amount $ 99,800  
[1] Includes securities issued or guaranteed by U.S. Government agencies such as the Federal National Mortgage Association (“Fannie Mae”) or the Federal Home Loan Mortgage Corporation (“Freddie Mac”).
[2] The total outstanding face amount was $753.8 million for fixed rate securities and $204.3 million for floating rate securities as of June 30, 2015.
[3] Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[4] Includes Other ABS consisting primarily of interest-only securities which New Residential elected to carry at fair value and record changes to valuation through the income statement and representing 7.4% of the carrying value of the Non-Agency RMBS portfolio. Gross Unrealized Weighted AverageAsset Type Outstanding Face Amount Amortized Cost Basis Gains Losses Carrying Value Number of Securities Rating Coupon Yield Life (Years) Principal SubordinationOther ABS $1,222,088 $67,980 $1,472 $(1,840) $67,612 9 AA+ 1.87% 7.64% 3.6 N/A
[5] The total outstanding face amount was $1.4 billion (including $1.4 billion of residual and interest-only notional amount) for fixed rate securities and $954.6 million (including $99.8 million of residual and interest-only notional amount) for floating rate securities as of June 30, 2015.