Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Basis (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Basis (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investments in:    
Excess mortgage servicing rights at fair value $ 341,704 $ 324,151
Excess mortgage servicing rights, equity method investees, at fair value 338,307 352,766
Servicer advances 3,457,385 2,665,551
Real estate securities, available-for-sale 2,345,221 [1] 1,973,189
Residential mortgage loans, held-for-investment 34,045 33,539
Derivative assets 45,040 35,926
Cash and cash equivalents 140,495 271,994
Restricted cash 34,607 33,338
Liabilities    
Repurchase agreements 2,143,094 1,620,711
Notes Payable 3,234,805 2,488,618
Level 3 Inputs [Member]
   
Investments in:    
Excess mortgage servicing rights, equity method investees, at fair value 338,307  
Recurring Basis [Member] | Level 1 Inputs [Member]
   
Investments in:    
Cash and cash equivalents 140,495  
Restricted cash 34,607  
[AssetsFairValueDisclosure] 175,102  
Recurring Basis [Member] | Level 2 Inputs [Member]
   
Investments in:    
Real estate securities, available-for-sale 1,162,650  
Derivative assets 769  
[AssetsFairValueDisclosure] 1,163,419  
Liabilities    
Repurchase agreements 2,000,594  
[us-gaap:LiabilitiesFairValueDisclosure] 2,000,594  
Recurring Basis [Member] | Level 3 Inputs [Member]
   
Investments in:    
Excess mortgage servicing rights at fair value 341,704  
Excess mortgage servicing rights, equity method investees, at fair value 338,307 352,766
Servicer advances 3,457,385  
Real estate securities, available-for-sale 1,182,571  
Residential mortgage loans, held-for-investment 34,045  
Derivative assets 44,271  
[AssetsFairValueDisclosure] 5,398,283  
Liabilities    
Repurchase agreements 142,500  
Notes Payable 3,234,805  
[us-gaap:LiabilitiesFairValueDisclosure] 3,377,305  
Recurring Basis [Member] | Principal Balance or Notional Amount [Member]
   
Investments in:    
Excess mortgage servicing rights at fair value 84,678,978 [2]  
Excess mortgage servicing rights, equity method investees, at fair value 167,359,386 [2]  
Servicer advances 3,430,473  
Real estate securities, available-for-sale 2,866,311  
Residential mortgage loans, held-for-investment 57,818 [3]  
Derivative assets 228,540 [4]  
Cash and cash equivalents 140,495  
Restricted cash 34,607  
[AssetsFairValueDisclosure] 258,796,608  
Liabilities    
Repurchase agreements 2,143,094  
Notes Payable 3,234,805  
[us-gaap:LiabilitiesFairValueDisclosure] 5,377,899  
Recurring Basis [Member] | Carrying Value [Member]
   
Investments in:    
Excess mortgage servicing rights at fair value 341,704  
Excess mortgage servicing rights, equity method investees, at fair value 338,307  
Servicer advances 3,457,385  
Real estate securities, available-for-sale 2,345,221  
Residential mortgage loans, held-for-investment 34,045  
Derivative assets 45,040  
Cash and cash equivalents 140,495  
Restricted cash 34,607  
[AssetsFairValueDisclosure] 6,736,804  
Liabilities    
Repurchase agreements 2,143,094  
Notes Payable 3,234,805  
[us-gaap:LiabilitiesFairValueDisclosure] 5,377,899  
Recurring Basis [Member] | Fair Value [Member]
   
Investments in:    
Excess mortgage servicing rights at fair value 341,704  
Excess mortgage servicing rights, equity method investees, at fair value 338,307  
Servicer advances 3,457,385  
Real estate securities, available-for-sale 2,345,221  
Residential mortgage loans, held-for-investment 34,045  
Derivative assets 45,040  
Cash and cash equivalents 140,495  
Restricted cash 34,607  
[AssetsFairValueDisclosure] 6,736,804  
Liabilities    
Repurchase agreements 2,143,094  
Notes Payable 3,234,805  
[us-gaap:LiabilitiesFairValueDisclosure] $ 5,377,899  
[1] Fair value, which is equal to carrying value for all securities. See Note 12 regarding the estimation of fair value.
[2] The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.
[3] Represents New Residential's 70% interest in the total unpaid principal balance of the Residential Mortgage Loans.
[4] Notional amount consists of the aggregate current face and UPB amounts of the securities and loans, respectively, that comprise the asset portion of the linked transaction.