Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Equity Method Investments (Details)

v3.7.0.1
INVESTMENTS IN CONSUMER LOANS - Summary of Consumer Loan Equity Method Investments (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]    
Consumer loans, held-for-investment [1] $ 1,569,388 $ 1,799,486
Weighted Average Life (Years) 1 year 3 months 18 days  
Consumer Portfolio Segment [Member]    
Schedule of Equity Method Investments [Line Items]    
UPB of Underlying Mortgages $ 8,100  
LoanCo [Member] | Consumer Portfolio Segment [Member]    
Schedule of Equity Method Investments [Line Items]    
UPB of Underlying Mortgages $ 133,951  
Parent's ownership percentage 25.00%  
Consumer loans, held-for-investment $ 133,951  
Weighted Average Coupon 17.40%  
Weighted Average Life (Years) 1 year 4 months 19 days  
Weighted Average Delinquency 1.30%  
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6), the RPL Borrowers (Note 8), and the Consumer Loan SPVs (Note 9), which primarily hold investments in Servicer Advances, residential mortgage loans, and consumer loans, respectively, financed with notes and bonds payable. The balance sheets of the Buyer, the RPL Borrowers and the Consumer Loan SPVs are included in Notes 6, 8 and 9, respectively. The creditors of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer, the RPL Borrowers, and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.