Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details)

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DERIVATIVES - Schedule of Derivatives - Recorded at Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Derivative [Line Items]    
Derivative assets $ 1,701 $ 32,597
Derivative liabilities 16,124 14,220
Real Estate Securities [Member]    
Derivative [Line Items]    
Derivative assets [1] 0 32,090
Non-Performing Loans [Member]    
Derivative [Line Items]    
Derivative assets [1] 0 312
Interest Rate Cap [Member]    
Derivative [Line Items]    
Derivative assets 1,701 195
TBAs [Member]    
Derivative [Line Items]    
Derivative liabilities 1,800 4,985
Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative liabilities $ 14,324 $ 9,235
[1] For December 31, 2014, investments purchased from, and financed by, the selling counterparty that New Residential accounted for as linked transactions are reflected as derivatives. Upon the adoption of ASU No. 2014-11 on January 1, 2015, these transactions are accounted for as secured borrowings.