Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Summary of Financial Results of Excess MSR Joint Ventures (Details) - Excess MSRs Investees [Member] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Schedule of Investments in Mortgage Servicing Rights [Line Items]          
Excess MSR assets $ 344,521   $ 344,521   $ 372,391
Other assets 18,698   18,698   17,184
Other liabilities 0   0   0
Equity 363,219   363,219   389,575
New Residential’s investment $ 181,610   $ 181,610   $ 194,788
New Residential’s ownership 50.00%   50.00%   50.00%
Interest income $ 8,931 $ 4,240 $ 13,114 $ 12,321  
Other income (loss) (420) (5,569) (5,065) (7,583)  
Expenses (19) (21) (45) (44)  
Net income $ 8,492 $ (1,350) $ 8,004 $ 4,694