Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details)

v3.4.0.3
FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]    
Assets measured at fair value on a nonrecurring basis $ 2,373,300  
Broker price discount 10.00%  
Notes and bonds payable(A) [1] $ 8,870,851 $ 7,249,568
Residential Mortgage Loans [Member]    
Schedule of Equity Method Investments [Line Items]    
Assets measured at fair value on a nonrecurring basis   377,400
Real Estate Acquired in Satisfaction of Debt [Member]    
Schedule of Equity Method Investments [Line Items]    
Assets measured at fair value on a nonrecurring basis   25,300
Loans Held-for-sale [Member]    
Schedule of Equity Method Investments [Line Items]    
Asset fair value reduction (3,100)  
Real Estate Owned [Member]    
Schedule of Equity Method Investments [Line Items]    
Asset fair value reduction $ 3,600  
MSRs [Member] | Excess MSRs Investees [Member]    
Schedule of Equity Method Investments [Line Items]    
Weighted average discount rate, used to value investments in excess MSRs 9.80%  
Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member]    
Schedule of Equity Method Investments [Line Items]    
Fair Value $ 377,355  
Fair Value [Member] | Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member]    
Schedule of Equity Method Investments [Line Items]    
Fair Value 1,970,565  
VIE, consolidated [Member]    
Schedule of Equity Method Investments [Line Items]    
VIE debt assumed 1,982,944 $ 2,060,347
VIE, consolidated [Member] | Consumer Loan Companies [Member]    
Schedule of Equity Method Investments [Line Items]    
VIE debt assumed $ 1,803,192  
[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.