Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AT FAIR VALUE (Details Narrative)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AT FAIR VALUE (Details Narrative) (USD $)
In Thousands, unless otherwise specified
0 Months Ended 0 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 3 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Dec. 13, 2011
MSRs Pool 1 [Member]
Mar. 31, 2014
MSRs Pool 1 [Member]
Jun. 05, 2012
MSRs Pool 2 [Member]
Mar. 31, 2014
MSRs Pool 2 [Member]
Jun. 29, 2012
MSR Pools 3, 4 and 5 [Member]
Sep. 30, 2013
MSRs Pool 5 [Member]
Mar. 31, 2014
MSRs Pool 5 [Member]
May 20, 2013
MSRs Pool 11 [Member]
Mar. 31, 2014
MSRs Pool 11 [Member]
Sep. 23, 2013
MSRs Pool 12 [Member]
Mar. 31, 2014
MSRs Pool 12 [Member]
Jan. 17, 2014
MSRs Pool 17 [Member]
Mar. 31, 2014
MSRs Pool 17 [Member]
Dec. 31, 2013
MSRs Pool 18 [Member]
Mar. 31, 2014
MSRs Pool 18 [Member]
Percentage of Investment co-owned by Nationstar     35.00%   35.00%   35.00%     33.30%   20.00%   33.30%     20.00%
Percentage of Investment owned by New Residential     65.00% 65.00% 65.00% 65.00% 65.00%   80.00% 66.70% 66.70% 40.00% 40.00% [1] 33.30% 33.30% [1]   40.00% [1]
Amount invested     $ 43,700   $ 42,300   $ 176,500 $ 26,600   $ 2,400   $ 17,400   $ 19,100   $ 17,000  
Percentage of loans in private label securitizations portfolio             75.00%                    
Conforming loans in GSE pools of portfolio (percent)             25.00%                    
Repurchase agreements 2,143,094 1,620,711                              
Additional percentage of investment purchased by New Residential               15.00%                  
Percentage of Investment owned by Fortress-managed (affiliated funds)                       40.00%   33.30%     40.00%
Unpaid principal balance of underlying loans       $ 6,626,389   $ 7,689,490     $ 35,823,960   $ 444,667   $ 4,998,929 [1] $ 8,100,000 $ 8,096,439 [1]   $ 8,463,426 [1]
[1] Pool in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of March 31, 2014 (Note 6).