Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Direct Investments (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS - Direct Investments (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
MSR Pool 1
Dec. 13, 2011
MSR Pool 1
Jun. 30, 2014
MSR Pool 1 - Recapture Agreement
Jun. 30, 2014
MSR Pool 2
Jun. 05, 2012
MSR Pool 2
Jun. 30, 2014
MSR Pool 2 - Recapture Agreement
Jun. 30, 2014
MSR Pool 3
Jun. 30, 2014
MSR Pool 3 - Recapture Agreement
Jun. 30, 2014
MSR Pool 4
Jun. 30, 2014
MSR Pool 4 - Recapture Agreement
Jun. 30, 2014
MSR Pool 5
Jun. 30, 2014
MSR Pool 5 - Recapture Agreement
Jun. 30, 2014
MSR Pool 11
May 20, 2013
MSR Pool 11
Jun. 30, 2014
MSR Pool 11 - Recapture Agreement
Jun. 30, 2014
MSR Pool 12
Sep. 23, 2013
MSR Pool 12
Jun. 30, 2014
MSR Pool 12 - Recapture Agreement
Jun. 30, 2014
MSR Pool 14
Jun. 30, 2014
MSR Pool 14 - Recapture Agreement
Jun. 30, 2014
MSR Pool 16
Jun. 30, 2014
MSR Pool 16 - Recapture Agreement
Jun. 30, 2014
MSR Pool 17
Jan. 17, 2014
MSR Pool 17
Jun. 30, 2014
MSR Pool 17 - Recapture Agreement
Jun. 30, 2014
MSR Pool 18
Jun. 30, 2014
MSR Pool 18 - Recapture Agreement
Jun. 30, 2014
MSR Pool 19
Jun. 30, 2014
MSR Pool 19 - Recapture Agreement
Jun. 30, 2014
MSR Pool 20
May 13, 2014
MSR Pool 20
Jun. 30, 2014
MSR Pool 20 - Recapture Agreement
Investment [Line Items]                                                                        
Unpaid principal balance of underlying loans $ 95,166,259   $ 95,166,259   $ 6,431,132   $ 0 $ 7,461,126   $ 0 $ 7,369,718 $ 0 $ 4,803,347 $ 0 $ 34,537,052 $ 0 $ 437,676   $ 0 $ 4,814,648   $ 0 $ 952,767 $ 0 $ 1,412,598 $ 0 $ 7,953,370 $ 8,100,000 $ 0 $ 8,041,279 $ 0 $ 10,249,845 $ 0 $ 701,701 $ 700,000 $ 0
Percentage of Investment owned by New Residential         65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 80.00% 80.00% 66.70% 66.70% 66.70% 40.00% 40.00% 40.00% 33.30% 33.30% 33.30% 33.30% 33.30% 33.30% 33.30% 40.00% 40.00% 33.30% 33.30% 33.30%   33.30%
Amortized Cost Basis 297,592   297,592   24,518   108 28,157   327 23,233 1,877 9,399 2,020 110,258 8,913 1,996   254 14,990   462 2,252 140 2,177 662 18,481   1,114 14,395 1,111 26,822 1,703 2,030   193
Carrying Value 372,416   372,416   34,313   6,102 32,951   6,089 31,000 6,226 13,852 3,860 136,962 6,111 2,356   293 17,574   236 2,470 170 2,211 767 18,876   644 15,743 818 28,407 1,941 2,206   238
Weighted average life     5 years 9 months 18 days   5 years 3 months 18 days   12 years 5 years 6 months   12 years 7 months 6 days 5 years 1 month 6 days 12 years 1 month 6 days 4 years 9 months 18 days 12 years 1 month 6 days 5 years 4 months 24 days 13 years 6 years 6 months   13 years 10 months 24 days 4 years 9 months 18 days   12 years 8 months 12 days 5 years 3 months 18 days 12 years 10 months 24 days 5 years 6 months 11 years 1 month 6 days 5 years 2 months 12 days   12 years 9 months 18 days 4 years 7 months 6 days 12 years 4 months 24 days 6 years 2 months 12 days 13 years 8 months 12 days 5 years 4 months 24 days   12 years
Change in fair value of investments recorded in other income $ 5,502 $ 41,833 $ 12,104 $ 43,691 $ (161)   $ 283 $ (222)   $ 427 $ (497) $ 440 $ 505 $ 36 $ 3,613 $ 818 $ 371   $ 57 $ 2,525   $ 6 $ 218 $ 30 $ 33 $ 106 $ 395   $ (470) $ 1,345 $ 199 $ 1,586 $ 238 $ 177   $ 46