Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details)

v2.4.0.8
INVESTMENTS IN REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount $ 1,507,595  
Other Than Temporary Impairment (974) (2,071)
Amortized cost basis 1,454,915  
Carrying value 1,463,903  
Weighted average life 5 years 9 months 18 days  
Securities in an Unrealized Loss Position Less than Twelve Months
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 477,511  
Before Impairment - Amortized Cost Basis 450,308  
Other Than Temporary Impairment 332 [1]  
Amortized cost basis 449,976  
Gross unrealized losses - less than twelve months (4,838)  
Carrying value - less than twelve months 445,138  
Number of securities, less than twelve months 58  
Weighted average rating AA- [2]  
Weighted average coupon 3.15%  
Weighted average yield 2.92%  
Weighted average life 4 years 10 months 24 days  
Securities in an Unrealized Loss Position Greater than Twelve Months
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 116,021  
Before Impairment - Amortized Cost Basis 124,285  
Other Than Temporary Impairment 612 [1]  
Amortized cost basis 123,673  
Gross unrealized losses - twelve months or more (1,539)  
Carrying value - twelve months or more 122,134  
Number of securities, greater than twelve months 13  
Weighted average rating AA+ [2]  
Weighted average coupon 3.34%  
Weighted average yield 1.51%  
Weighted average life 3 years 3 months 18 days  
Securities in a Loss Position [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 593,532  
Before Impairment - Amortized Cost Basis 574,593  
Other Than Temporary Impairment (944) [1]  
Amortized cost basis 573,649  
Total gross unrealized losses (6,377)  
Carrying value $ 567,272  
Number of securities 71  
Weighted average rating AA [2]  
Weighted average coupon 3.19%  
Weighted average yield 2.65%  
Weighted average life 4 years 7 months 6 days  
[1] This amount represents other-than-temporary impairment recorded on securities that are in an unrealized loss position as of June 30, 2014.
[2] The weighted average rating of securities in an unrealized loss position for less than twelve months excludes the rating of five bonds for which New Residential was unable to obtain rating information.