Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative)

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INVESTMENT IN RESIDENTIAL MORTGAGE LOANS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 0 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Feb. 27, 2013
Reverse Mortgage Loans [Member]
Dec. 31, 2012
Reverse Mortgage Loans [Member]
Mar. 31, 2014
Residential Mortgage Loans Held-for-Investment [Member]
Mar. 28, 2014
Non-Performing Loans Held-For-Investment [Member]
Jan. 15, 2014
Non-Performing Loans Held-For-Investment [Member]
Jan. 15, 2014
Non-Performing Loans Held-For-Investment [Member]
Credit Suisse [Member]
Repurchase Agreements [Member]
Mar. 28, 2014
Non-Performing Loans Held-For-Investment [Member]
Royal Bank of Scotland [Member]
Repurchase Agreements [Member]
Percentage of Investment co-owned by Nationstar     30.00%            
Percentage of Investment owned by New Residential     70.00%            
Unpaid principal balance of underlying reverse mortgage loans       $ 83,100          
Residential mortgage loans, held-for-investment 34,045 33,539 35,100            
Purchases of non-performing loans           3,800 33,700    
Average loan balance outstanding         300        
Loans on non-accrual status         3,600        
Percentage of loans that have reached a termination event         80.00%        
Repurchase agreements               25,300 2,500
Unpaid principal balance of underlying mortgage           $ 7,000 $ 65,600