Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Investments (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Investments (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]          
New Residential's investment $ 330,220   $ 330,220   $ 352,766
Excess Mortgage Servicing Rights Investees
         
Schedule of Equity Method Investments [Line Items]          
Excess MSR assets 655,766   655,766   703,681
Other assets 8,451   8,451   5,534
Other liabilities 3,777   3,777   3,683
Equity 660,440   660,440   705,532
New Residential's investment 330,220   330,220   352,766
New Residential's ownership 50.00%   50.00%   50.00%
Interest income 17,292 8,140 35,785 13,756  
Other income 8,194 34,528 2,489 31,374  
Expenses (1) (2,414) (41) (2,938)  
Net income $ 25,485 $ 40,254 $ 38,233 $ 42,192