Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details)

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INVESTMENTS IN REAL ESTATE SECURITIES - Summary of the Geographic Distribution of the Collateral Securing Non-Agency RMBS (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 3,328,343  
Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 2,370,202 [1],[2],[3] $ 1,896,150
Percentage of Total Outstanding 100.00% 100.00%
Non-Agency RMBS [Member] | Western U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 823,659 $ 779,930
Percentage of Total Outstanding 34.70% 41.10%
Non-Agency RMBS [Member] | Southeastern U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 604,140 $ 409,755
Percentage of Total Outstanding 25.50% 21.60%
Non-Agency RMBS [Member] | Northeastern U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 445,557 $ 344,716
Percentage of Total Outstanding 18.80% 18.20%
Non-Agency RMBS [Member] | Midwestern U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 232,262 $ 190,480
Percentage of Total Outstanding 9.80% 10.00%
Non-Agency RMBS [Member] | Southwestern U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 261,190 $ 170,829
Percentage of Total Outstanding 11.00% 9.00%
Non-Agency RMBS [Member] | Other U.S. [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount [4] $ 3,394 $ 440
Percentage of Total Outstanding [4] 0.20% 0.10%
[1] Includes New Residential’s investments in interest-only notes for which the fair value option for financial instruments was elected.
[2] 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
[3] 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.
[4] Represents collateral for which New Residential was unable to obtain geographic information.