Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Investments in Equity Method Investees Fair Value (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Investments in Equity Method Investees Fair Value (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]        
Balance at December 31, 2013     $ 352,766  
Distributions of capital from equity method investees     (21,163) (4,018)
Change in fair value of investments in equity method investees 12,743 20,127 19,117 21,096
Balance at June 30, 2014 330,220   330,220  
Recurring Basis | Level 3
       
Schedule of Equity Method Investments [Line Items]        
Balance at December 31, 2013     352,766  
Distributions of earnings from equity method investees     (20,500)  
Distributions of capital from equity method investees     (21,163)  
Change in fair value of investments in equity method investees     19,117  
Balance at June 30, 2014 $ 330,220 [1]   $ 330,220 [1]  
[1] 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.