Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Narrative (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 25, 2015
USD ($)
loan
Jun. 16, 2015
USD ($)
Apr. 08, 2015
USD ($)
Apr. 06, 2015
USD ($)
Apr. 02, 2015
USD ($)
Mar. 27, 2015
USD ($)
Mar. 26, 2015
USD ($)
Mar. 19, 2015
USD ($)
Feb. 27, 2015
USD ($)
Feb. 28, 2013
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
loan
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Oct. 03, 2014
USD ($)
Mortgage Loans on Real Estate [Line Items]                                
Proceeds from sales of purchased residential mortgage loans, held-for-sale                         $ 722,961 $ 249,690    
Gain (loss) on sale of residential mortgage loans, net                     $ 11,795 $ 0 32,625 0    
Purchase of residential mortgage loans                         $ 0 $ 486,596    
Securitized loan amount                               $ 2,600,000
Acquired real estate owned $ 1,300                              
Threshold period past due                         60 days      
Real Estate Owned assets total                     20,600   $ 20,600      
Government Guaranteed Mortgage Loans upon Foreclosure Receivable [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Loans receivable                     66,400   66,400      
Nationstar [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Interest in reverse mortgage loans                   30.00%            
Reverse Mortgage Loans [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Carrying value of mortgage loans                     21,601   $ 21,601   $ 24,965  
Number of loans | loan [1],[2]                         165      
Interest in reverse mortgage loans                   70.00%     70.00%      
PCI residential mortgage loans in the process of foreclosure, unpaid principal balance                     300   $ 300      
Residential Mortgage [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
PCI residential mortgage loans in the process of foreclosure, unpaid principal balance                     376,600   376,600      
Non-Agency RMBS [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Carrying value of mortgage loans $ 9,100                              
Number of loans | loan 18                              
Residential Mortgage [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Unpaid Principal Balance (“UPB”) of Underlying Mortgages $ 369,000                              
Purchase of residential mortgage loans 388,800                              
Non-Performing Loans [Member] | Residential Mortgage [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Unpaid Principal Balance (“UPB”) of Underlying Mortgages 34,500               $ 135,200              
Carrying value of mortgage loans                 102,400              
Proceeds from sales of purchased residential mortgage loans, held-for-sale                 102,800              
Gain (loss) on sale of residential mortgage loans, net                 $ 400              
Payments to retain loans 31,700                              
Non-Performing Loans [Member] | Residential Mortgage [Member] | GNMA EBO [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Unpaid Principal Balance (“UPB”) of Underlying Mortgages   $ 99,800   $ 424,300             424,300   $ 424,300      
Carrying value of mortgage loans   98,300                            
Proceeds from sales of purchased residential mortgage loans, held-for-sale   98,800                            
Gain (loss) on sale of residential mortgage loans, net   $ 500                            
Purchase of residential mortgage loans       $ 418,800             $ 418,800          
Non-Performing Loans [Member] | Residential Mortgage and Real Estate Owned [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Unpaid Principal Balance (“UPB”) of Underlying Mortgages           $ 469,600                    
Carrying value of mortgage loans           362,000                    
Proceeds from sales of purchased residential mortgage loans, held-for-sale           373,000                    
Gain (loss) on sale of residential mortgage loans, net           $ 11,000                    
Reperforming Financial Instruments [Member] | Residential Mortgage [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Unpaid Principal Balance (“UPB”) of Underlying Mortgages             $ 6,400 $ 176,500                
Carrying value of mortgage loans     $ 16,800       5,100 142,100                
Proceeds from sales of purchased residential mortgage loans, held-for-sale     19,500       5,300 148,600                
Gain (loss) on sale of residential mortgage loans, net     $ 2,700       $ 200 $ 6,500                
Performing Loans [Member] | Residential Mortgage [Member]                                
Mortgage Loans on Real Estate [Line Items]                                
Carrying value of mortgage loans         $ 270,400                      
Proceeds from sales of purchased residential mortgage loans, held-for-sale         278,900                      
Gain (loss) on sale of residential mortgage loans, net         $ 8,500                      
Securitized loan amount 334,500                              
Loss on securitization 2,800                              
Payments to acquire interest only notes $ 14,900                              
[1] FICO scores are not used in determining how much a borrower can access via a reverse mortgage loan.
[2] Represents a 70% interest that New Residential holds in reverse mortgage loans. The average loan balance outstanding based on total UPB is $0.3 million. 74% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Each loan matures upon the occurrence of a termination event.