Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES (Details Narrative)

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INVESTMENTS IN SERVICER ADVANCES (Details Narrative) (USD $)
3 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Mar. 31, 2014
Servicer Advance Joint Venture
Jun. 30, 2014
Servicer Advance Joint Venture
Dec. 17, 2013
Servicer Advance Joint Venture
Jun. 30, 2014
Servicer Advance Joint Venture
Noncontrolling third-party investors
Jun. 30, 2014
Advance Purchaser LLC [Member]
Investment [Line Items]              
Servicer advances, at fair value $ 3,679,105,000 $ 2,665,551,000   $ 3,679,105,000 [1] $ 3,200,000,000    
Notes payable issued for purchase     3,300,000,000        
New Residential's ownership       44.50%      
Amount committed to invest in joint venture       312,700,000   389,600,000  
Equity Method Investment, Amount of Distributed Capital Recallable From Co-Investor             131,000,000
Equity Method Investment, Amount of Distributed Capital Recallable             95,800,000
Amount invested in joint venture       $ 197,900,000   $ 390,300,000  
Servicer base fee to be paid to Nationstar 9.20%            
[1] Carrying value represents the fair value of the investments in servicer advances, including the basic fee component of the related MSRs.