Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Investments made through Equity Method Investees (Details)

v3.4.0.3
INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Investments made through Equity Method Investees (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]    
Weighted Average Expected Life (Years) 1 year 2 months 26 days  
PCD Loans [Member]    
Schedule of Equity Method Investments [Line Items]    
Contractually Required Payments Receivable $ 1,003,470  
Cash Flows Expected to be Collected 541,967  
Fair Value 405,033  
Consumer Loan Investees [Member]    
Schedule of Equity Method Investments [Line Items]    
Unpaid Principal Balance [1],[2]   $ 2,094,904
New Residential Interest in Investees [1]   30.00%
Carrying value [1],[3]   $ 1,698,130
Weighted Average Coupon [1],[4]   18.20%
Weighted Average Yield [1]   18.10%
Weighted Average Expected Life (Years) [1],[5]   4 years 4 months 24 days
Delinquency [1],[6]   7.20%
New Residential Investment Corp. [Member] | SpringCastle [Member]    
Schedule of Equity Method Investments [Line Items]    
Unpaid Principal Balance [2],[7] $ 1,986,162  
Parent's ownership percentage [7] 53.50%  
Carrying value [3],[7] $ 1,970,565  
Weighted Average Coupon [4],[7] 18.30%  
Weighted Average Yield [7] 9.50%  
Weighted Average Expected Life (Years) [5],[7] 4 years 2 months 14 days  
Delinquency [6],[7] 7.00%  
[1] Held through an equity method investee at such time.
[2] Represents the balances as of February 29, 2016 and November 30, 2015, respectively.
[3] Represents the carrying value of the consumer loans held by the Consumer Loan Companies.
[4] Substantially all of the cash flows received on the loans was required to be used to make payments on the notes described above.
[5] Represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[6] Represents the percentage of the total principal balance that is 30+ days delinquent. Delinquency status is the primary credit quality indicator as it provides early warning of borrowers who may be experiencing financial difficulties.
[7] Includes loans with evidence of credit deterioration since origination where it is probable that New Residential will not collect all contractually required principal and interest payments, which are accounted for as PCD loans.