Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Jun. 30, 2015
Total
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Prepayment Speed [1],[2] 10.40%
Delinquency [2],[3] 4.60%
Mortgage Servicing Amount (bps) [2],[4] 18
Servicer Advances [Member]  
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans 2.40%
Prepayment Speed 10.60%
Delinquency 14.20%
Mortgage Servicing Amount (bps) [5] 19.54
Discount Rate 5.50%
[1] Projected annualized weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] Weighted by amortized cost basis of the mortgage loan portfolio.
[3] Projected percentage of mortgage loans in the pool that will miss their mortgage payments.
[4] Weighted average total mortgage servicing amount in excess of the basic fee.
[5] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.