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) - Servicer Advances [Member]
3 Months Ended
Mar. 31, 2016
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans 2.30%
Prepayment Speed 10.20% [1]
Delinquency 14.60%
Mortgage Servicing Amount (bps) 9.2 [2]
Discount Rate 5.50%
[1] Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.