Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Narrative (Details)

v3.7.0.1
INVESTMENTS IN SERVICER ADVANCES - Narrative (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Dec. 31, 2014
Advance Purchaser LLC [Member]    
Investment [Line Items]    
Capital distributed to third-party co-investors $ 298.4  
Capital distributed to New Residential $ 240.1  
Nationstar [Member]    
Investment [Line Items]    
Servicer basic fee, percent 9.30%  
Performance fee, percent (up to) 100.00%  
SLS [Member]    
Investment [Line Items]    
Servicing asset fee, basis spread 0.1075%  
SLS [Member] | Excess MSRs [Member]    
Investment [Line Items]    
Percentage of Excess MSRs acquired   50.00%
Fortress [Member] | Excess MSRs [Member]    
Investment [Line Items]    
Percentage of additional Excess MSRs acquired   50.00%
Ocwen [Member]    
Investment [Line Items]    
Servicing asset fee, percent 12.00%  
Servicing asset fee, basis spread 0.061%  
Ocwen [Member] | London Interbank Offered Rate (LIBOR) [Member]    
Investment [Line Items]    
Variable interest rate spread 2.75%  
Servicer Advance Joint Venture [Member]    
Investment [Line Items]    
New Residential’s ownership 45.80%  
Funded capital commitments $ 312.7  
Servicer Advance Joint Venture [Member] | Noncontrolling Third-party Investors [Member]    
Investment [Line Items]    
Funded capital commitments $ 389.6