Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS EQUITY METHOD INVESTEES - Consumer Loans (Details)

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INVESTMENTS IN CONSUMER LOANS EQUITY METHOD INVESTEES - Consumer Loans (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2014
Consumer Loan Investees
Apr. 01, 2014
Consumer Loan Investees
Dec. 31, 2013
Consumer Loan Investees
Jun. 30, 2014
Class A Asset Backed Notes
Consumer Loan Investees
Jun. 30, 2014
Class B Asset Backed Notes
Consumer Loan Investees
Sep. 30, 2013
Class B Asset Backed Notes
Consumer Loan Investees
Schedule of Equity Method Investments [Line Items]              
Debt Instrument, Face Amount $ 5,104,627       $ 1,300,000 $ 300,000 $ 400,000
Unpaid principal balance of underlying loans 95,166,259 2,924,133 4,200,000        
New Residential's ownership   30.00% 30.00% 30.00%      
Carrying value   $ 2,302,297 [1]          
Weighted average coupon   18.10% [2]          
Weighted Average Yield   16.80%          
Weighted average life 5 years 9 months 18 days 3 years 6 months [3]          
[1] Represents the carrying value of the consumer loans held by the Consumer Loan Companies.
[2] Substantially all of the cash flows received on the loans is required to be used to make payments on the notes described above.
[3] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.