Quarterly report pursuant to Section 13 or 15(d)

RECENT ACTIVITIES (Details Narrative)

v2.4.0.8
RECENT ACTIVITIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 3 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 3 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2014
Agency RMBS [Member]
Mar. 31, 2014
Non-Agency RMBS [Member]
Mar. 06, 2014
Non-Agency RMBS [Member]
Mar. 31, 2014
Servicer Advance Joint Venture {Member]
Mar. 19, 2014
Subsequent Event [Member]
Apr. 30, 2014
Subsequent Event [Member]
Mar. 31, 2014
Subsequent Event [Member]
Apr. 30, 2014
Subsequent Event [Member]
Manager [Member]
May 07, 2014
Subsequent Event [Member]
Manager's Employees [Member]
Apr. 30, 2014
Subsequent Event [Member]
Executive Officer [Member]
Mar. 31, 2014
Subsequent Event [Member]
Agency RMBS [Member]
Mar. 31, 2014
Subsequent Event [Member]
Non-Agency RMBS [Member]
May 02, 2014
Subsequent Event [Member]
Servicer Advance Joint Venture {Member]
May 04, 2014
Subsequent Event [Member]
Servicer Advance Joint Venture {Member]
May 31, 2014
Subsequent Event [Member]
Servicer Advance Joint Venture {Member]
May 12, 2014
MSRs Pool 14, 16 and 19 [Member]
Subsequent Event [Member]
May 12, 2014
MSRs Pool 20 [Member]
Subsequent Event [Member]
Mar. 31, 2014
MSRs Pool 13 and 15 [Member]
Subsequent Event [Member]
Amount invested                                   $ 34,000 $ 2,200 $ 20,800
Unpaid principal balance of underlying mortgage                                   12,900,000 700,000 8,300,000
Percentage of Investment owned by New Residential                                   33.30% 33.30%  
Percentage of Investment owned by Fortress-managed (affiliated funds)                                   33.30% 33.30%  
Percentage of Investment co-owned by Nationstar                                   33.30% 33.30%  
Purchase of servicer advance investments 2,205,070                           617,500 911,000        
Principal repayments from servicer advance investments 1,442,648                             545,200        
Notes payable issued for purchase           3,100,000                   346,900        
Increase in restricted cash 1,269                             5,000        
Nationstar payment made for targeted return shortfall                               12,300        
Contributions from co-investor                             86,400          
Debt face amount 5,377,899 [1]                               580,500      
Interest rate                                 2.10%      
Face amount of securities purchased       1,400,000 625,000               223,900 50,700            
Purchase of real estate securities 37,922                       238,100 14,200            
Face amount of securities sold     154,200 437,900                   207,100            
Amortized cost basis of securities sold     162,200 244,600                   138,500            
Proceeds from sale of real estate securities     162,900 248,500                   145,000            
Gain on sale of real estate securities     700 3,800                   6,500            
TBA agreements acquired                 30,000                      
TBA agreements with a long notional amount 850,000                                      
TBA agreements with a short notional amount 975,000                                      
Notional amount of interest rate swaps acquired                 400,000                      
Pay down on master repurchase agreement                 7,500                      
Dividend declared per share $ 0.175 $ 0.25         $ 0.175                          
Dividends 44,312 63,300           44,300                        
Issuance of common stock               27,750,000       1,000,000                
Price per share sold               $ 6.10                        
Proceeds from issuance of common stock               164,100       6,100                
Options granted                   2,875,000                    
Exercise Price of options granted                   $ 6.10                    
Fair value of options granted                   $ 1,400                    
Risk-free interest rate                   2.87%                    
Dividend yield                   12.584%                    
Volatility                   25.66%                    
Term                   10 years                    
Options Exercised                     215,000                  
Exercise price of options exercised                     $ 2.81                  
Shares issued in option exercise                     215,000                  
[1] Excludes debt related to linked transactions (Note 10).