Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Basis (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Recurring Basis (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Investments in:        
Excess mortgage servicing rights, at fair value $ 372,416 $ 324,151    
Excess mortgage servicing rights, equity method investees, at fair value 330,220 352,766    
Servicer advances 3,679,105 2,665,551    
Real estate securities, available-for-sale 1,463,903 1,973,189    
Residential mortgage loans, held-for-investment 517,424 33,539    
Derivative assets 30,992 35,926    
Cash and cash equivalents 311,126 271,994 209,699 0
Restricted cash 37,327 33,338    
Liabilities        
Repurchase agreements 1,815,182 1,620,711    
Notes payable 3,289,445 2,488,618    
Recurring Basis | Level 1
       
Investments in:        
Cash and cash equivalents 311,126      
Restricted cash 37,327      
Assets, fair value 348,453      
Recurring Basis | Level 2
       
Investments in:        
Real estate securities, available-for-sale 1,247,012      
Derivative assets 256 [1]      
Assets, fair value 1,247,268      
Liabilities        
Repurchase agreements 1,331,354      
Notes payable 1,285,348      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 2,616,702      
Recurring Basis | Level 3
       
Investments in:        
Excess mortgage servicing rights, at fair value 372,416 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 330,220 [2] 352,766    
Servicer advances 3,679,105      
Real estate securities, available-for-sale 216,891      
Residential mortgage loans, held-for-investment 519,990      
Derivative assets 30,736 [1]      
Assets, fair value 5,149,358      
Liabilities        
Repurchase agreements 483,828      
Notes payable 2,006,525      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 2,490,353      
Recurring Basis | Principal Balance or Notional Amount
       
Investments in:        
Excess mortgage servicing rights, at fair value 95,166,259 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 159,821,724 [2]      
Servicer advances 3,551,464      
Real estate securities, available-for-sale 1,507,595      
Residential mortgage loans, held-for-investment 701,918      
Derivative assets 196,362 [1]      
Cash and cash equivalents 311,126      
Restricted cash 37,327      
Assets, fair value 261,293,775      
Liabilities        
Repurchase agreements 1,815,182      
Notes payable 3,289,445      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 5,104,627      
Recurring Basis | Carrying Value
       
Investments in:        
Excess mortgage servicing rights, at fair value 372,416 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 330,220 [2]      
Servicer advances 3,679,105      
Real estate securities, available-for-sale 1,463,903      
Residential mortgage loans, held-for-investment 517,424      
Derivative assets 30,992 [1]      
Cash and cash equivalents 311,126      
Restricted cash 37,327      
Assets, fair value 6,742,513      
Liabilities        
Repurchase agreements 1,815,182      
Notes payable 3,289,445      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 5,104,627      
Recurring Basis | Fair Value
       
Investments in:        
Excess mortgage servicing rights, at fair value 372,416 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 330,220 [2]      
Servicer advances 3,679,105      
Real estate securities, available-for-sale 1,463,903      
Residential mortgage loans, held-for-investment 519,990      
Derivative assets 30,992 [1]      
Cash and cash equivalents 311,126      
Restricted cash 37,327      
Assets, fair value 6,745,079      
Liabilities        
Repurchase agreements 1,815,182      
Notes payable 3,291,873      
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 5,107,055      
[1] The notional amount represents the total unpaid principal balance of the mortgage loans for residential mortgage loans, held for investment.
[2] The notional amount represents the total unpaid principal balance of the mortgage loans underlying the Excess MSRs. New Residential does not receive an excess mortgage servicing amount on non-performing loans in Agency portfolios.