Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments in:    
Real estate securities, available-for-sale $ 3,441,790 $ 2,501,881
Consumer loans, held-for-investment, principal balance [1] 1,970,565 0
Derivative assets 1,720 2,689
Restricted cash 170,364 94,702
Liabilities    
Derivative liabilities 34,942 $ 13,443
Recurring Basis [Member]    
Investments in:    
Excess mortgage servicing rights, principal balance [2] 317,540,275  
Excess mortgage servicing rights, equity method investees, principal balance [2] 70,087,028  
Servicer advances, principal balance 7,203,924  
Real estate securities, available-for-sale, principal balance 5,766,333  
Residential mortgage loans, held-for-investment, principal balance 493,166  
Residential mortgage loans, held-for-sale, principal balance 716,372  
Consumer loans, held-for-investment, principal balance 1,986,162  
Derivative assets, notional amount 2,565,000  
Cash and cash equivalents, principal balance 258,622  
Restricted cash, principal balance 170,364  
Other Assets, principal balance 464,348  
Liabilities    
Repurchase agreements, principal balance 3,974,404  
Notes and bonds payable, principal balance 8,888,721  
Derivative liabilities, notional amount 6,005,000  
Recurring Basis [Member] | Carrying Value [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 1,547,004  
Excess mortgage servicing rights, equity method investees, at fair value [2] 209,901  
Servicer advances 7,001,004  
Real estate securities, available-for-sale 3,441,790  
Residential mortgage loans, held-for-investment 324,734  
Residential mortgage loans, held-for-sale 633,160  
Consumer loans, held-for-investment 1,970,565  
Derivative assets 1,720  
Cash and cash equivalents 258,622  
Restricted cash 170,364  
Other Assets 1,479  
Assets, fair value 15,560,343  
Liabilities    
Repurchase agreements 3,973,512  
Notes and bonds payable 8,870,851  
Derivative liabilities 34,942  
Liabilities, fair value 12,879,305  
Recurring Basis [Member] | Fair Value [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value 1,547,004  
Excess mortgage servicing rights, equity method investees, at fair value 209,901  
Servicer advances 7,001,004  
Real estate securities, available-for-sale 3,441,790  
Residential mortgage loans, held-for-investment 320,002  
Residential mortgage loans, held-for-sale 641,004  
Consumer loans, held-for-investment 1,970,565  
Derivative assets 1,720  
Cash and cash equivalents 258,622  
Restricted cash 170,364  
Other Assets 1,479  
Assets, fair value 15,563,455  
Liabilities    
Repurchase agreements 3,974,404  
Notes and bonds payable 8,882,458  
Derivative liabilities 34,942  
Liabilities, fair value 12,891,804  
Recurring Basis [Member] | Fair Value [Member] | Level 1 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 0  
Excess mortgage servicing rights, equity method investees, at fair value [2] 0  
Servicer advances 0  
Real estate securities, available-for-sale 0  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 0  
Consumer loans, held-for-investment 0  
Derivative assets 0  
Cash and cash equivalents 258,622  
Restricted cash 170,364  
Other Assets 0  
Assets, fair value 428,986  
Liabilities    
Repurchase agreements 0  
Notes and bonds payable 0  
Derivative liabilities 0  
Liabilities, fair value 0  
Recurring Basis [Member] | Fair Value [Member] | Level 2 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 0  
Excess mortgage servicing rights, equity method investees, at fair value [2] 0  
Servicer advances 0  
Real estate securities, available-for-sale 1,523,203  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 0  
Consumer loans, held-for-investment 0  
Derivative assets 1,720  
Cash and cash equivalents 0  
Restricted cash 0  
Other Assets 0  
Assets, fair value 1,524,923  
Liabilities    
Repurchase agreements 3,974,404  
Notes and bonds payable 0  
Derivative liabilities 34,942  
Liabilities, fair value 4,009,346  
Recurring Basis [Member] | Fair Value [Member] | Level 3 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 1,547,004  
Excess mortgage servicing rights, equity method investees, at fair value [2] 209,901  
Servicer advances 7,001,004  
Real estate securities, available-for-sale 1,918,587  
Residential mortgage loans, held-for-investment 320,002  
Residential mortgage loans, held-for-sale 641,004  
Consumer loans, held-for-investment 1,970,565  
Derivative assets 0  
Cash and cash equivalents 0  
Restricted cash 0  
Other Assets 1,479  
Assets, fair value 13,609,546  
Liabilities    
Repurchase agreements 0  
Notes and bonds payable 8,882,458  
Derivative liabilities 0  
Liabilities, fair value $ 8,882,458  
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in servicer advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[2] The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.