Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Details)

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INVESTMENTS IN REAL ESTATE SECURITIES - Summary of Real Estate Securities (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2017
USD ($)
security
bond
Dec. 31, 2016
USD ($)
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 13,787,789  
Amortized Cost Basis 7,110,792  
Carrying Value 7,423,273 $ 5,073,858
Investments $ 19,082,938  
Weighted Average Life (Years) 1 year 3 months 18 days  
Number of bonds which New Residential was unable to obtain rating information | bond 207  
Bonds [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Carrying Value $ 325,300  
Residual Bonds [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Investments 161,900  
Non-Agency Bonds [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Investments 0  
Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Face 4,853,100  
Purchase Price 4,982,500  
Face 4,409,000  
Amortized Cost 4,519,800  
Sale Price 4,523,500  
Gain (Loss) on Sale 3,700  
Outstanding Face Amount 1,880,434  
Amortized Cost Basis 1,941,558  
Gross Unrealized Gains 552  
Gross Unrealized Losses (5,917)  
Carrying Value $ 1,936,193 1,530,298
Number of Securities | security 88  
Weighted Average Rating AAA  
Weighted Average Coupon 3.50%  
Weighted Average Yield 2.98%  
Weighted Average Life (Years) 9 years 5 months 22 days  
Agency RMBS [Member] | Fixed Rate Residential Mortgage [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 1,800,000  
Agency RMBS [Member] | Adjustable Rate Residential Mortgage [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount 123,200  
Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Face 5,529,500  
Purchase Price 2,138,300  
Face 201,500  
Amortized Cost 135,900  
Sale Price 154,400  
Gain (Loss) on Sale 18,500  
Outstanding Face Amount 11,907,355  
Amortized Cost Basis 5,169,234  
Gross Unrealized Gains 339,748  
Gross Unrealized Losses (21,902)  
Carrying Value $ 5,487,080 3,543,560
Number of Securities | security 731  
Weighted Average Rating CCC  
Weighted Average Coupon 2.00%  
Weighted Average Yield 5.83%  
Weighted Average Life (Years) 7 years 11 months 15 days  
Weighted Average Principal Subordination 9.00%  
Non-Agency RMBS [Member] | Fixed Rate Residential Mortgage [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 1,300,000  
Residual and interest - only notional amount 700,000  
Non-Agency RMBS [Member] | Adjustable Rate Residential Mortgage [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount 10,600,000  
Residual and interest - only notional amount 4,200,000  
Investments in Real Estate Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount 13,787,789  
Amortized Cost Basis 7,110,792  
Gross Unrealized Gains 340,300  
Gross Unrealized Losses (27,819)  
Carrying Value $ 7,423,273 $ 5,073,858
Number of Securities | security 819.000  
Weighted Average Rating BB-  
Weighted Average Coupon 2.39%  
Weighted Average Yield 5.05%  
Weighted Average Life (Years) 8 years 4 months 14 days  
Servicer Advances [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 100,000  
Amortized Cost Basis 99,758  
Gross Unrealized Gains 242  
Gross Unrealized Losses 0  
Carrying Value $ 100,000  
Number of Securities | security 1  
Weighted Average Rating AAA  
Weighted Average Coupon 3.21%  
Weighted Average Yield 3.09%  
Weighted Average Life (Years) 2 months 30 days  
Interest-Only Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 4,163,429  
Amortized Cost Basis 208,350  
Gross Unrealized Gains 8,711  
Gross Unrealized Losses (10,624)  
Carrying Value $ 206,437  
Number of Securities | security 42  
Weighted Average Rating AA+  
Weighted Average Coupon 1.62%  
Weighted Average Yield 6.56%  
Weighted Average Life (Years) 3 years 4 months 7 days  
Servicing Strip [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 441,478  
Amortized Cost Basis 5,261  
Gross Unrealized Gains 1,089  
Gross Unrealized Losses 0  
Carrying Value $ 6,350  
Number of Securities | security 15  
Weighted Average Rating N/A  
Weighted Average Coupon 0.27%  
Weighted Average Yield 22.24%  
Weighted Average Life (Years) 6 years 6 months 6 days  
Consumer Loan [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 137,500  
Amortized Cost Basis 16,253  
Gross Unrealized Gains 109  
Gross Unrealized Losses 0  
Carrying Value $ 16,362  
Number of Securities | security 1  
Weighted Average Rating N/A  
Weighted Average Yield 15.22%  
Weighted Average Life (Years) 1 year 7 months 4 days