Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Excess MSR Investments (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Excess MSR Investments (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2014
MSR Pool 11
Jun. 30, 2014
MSR Pool 11 - Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Jan. 04, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 6 Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 7
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 7 Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 8
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 8 Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 9
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 9 Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Lower Range
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Upper Range
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Lower Range
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Upper Range
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 11
May 20, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 11
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSR Pool 11 - Recapture Agreement
Jun. 30, 2014
Excess Mortgage Servicing Rights Investees
MSRs
Schedule of Equity Method Investments [Line Items]                                                
Unpaid principal balance of underlying loans $ 95,166,259 $ 437,676 $ 0     $ 9,050,743     $ 29,547,830   $ 13,043,774   $ 27,924,457   $ 63,763,048           $ 16,491,872     $ 159,821,724
Investee Interest in Excess MSR           66.70%   66.70% 66.70% 66.70% 66.70% 66.70% 66.70% 66.70%   66.70% 77.00%   66.70% 77.00% 66.70%   66.70%  
New Residential's ownership       50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%     50.00%     50.00% 50.00% 50.00% 50.00%
Amortized Cost Basis 297,592 1,996 254     36,286 [1]   5,951 [1] 94,036 [1] 12,209 [1] 52,744 [1] 4,707 [1] 97,755 [1] 29,343 [1] 189,488 [1]     13,038 [1]     41,115 [1]   22,640 [1] 599,312 [1]
Carrying Value $ 372,416 $ 2,356 $ 293     $ 45,089 [2]   $ 8,551 [2] $ 95,882 [2] $ 24,136 [2] $ 50,716 [2] $ 12,630 [2] $ 122,440 [2] $ 30,134 [2] $ 190,143 [2]     $ 10,546 [2]     $ 55,440 [2]   $ 10,059 [2] $ 655,766 [2]
Weighted average life 5 years 9 months 18 days 6 years 6 months 13 years 10 months 24 days     5 years 1 month 6 days   12 years 2 months 12 days 5 years 2 months 12 days 12 years 4 months 24 days 5 years 2 months 12 days 12 years 1 month 6 days 4 years 10 months 24 days 12 years 1 month 6 days 5 years 1 month 6 days     12 years 7 months 6 days     5 years 7 months 6 days   13 years 1 month 6 days 6 years 2 months 12 days
[1] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[2] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.