Quarterly report pursuant to Section 13 or 15(d)

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

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INVESTMENTS IN REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount $ 2,130,370  
Other Than Temporary Impairment (529) (2,071)
Amortized cost basis 2,073,084  
Carrying value 2,079,712  
Weighted average life 5 years 9 months 14 days [1]  
Securities in an Unrealized Loss Position Less than Twelve Months
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 992,251  
Before Impairment - Amortized Cost Basis 977,758  
Other Than Temporary Impairment 143 [2]  
Amortized cost basis 977,615  
Gross unrealized losses - less than twelve months (6,704)  
Carrying value - less than twelve months 970,911  
Number of securities, less than twelve months 54  
Weighted average rating AA [3]  
Weighted average coupon 3.36%  
Weighted average yield 3.15%  
Weighted average life 6 years 6 months 22 days  
Securities in an Unrealized Loss Position Greater than Twelve Months
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 91,156  
Before Impairment - Amortized Cost Basis 97,387  
Other Than Temporary Impairment 386 [2]  
Amortized cost basis 97,001  
Gross unrealized losses - twelve months or more (1,048)  
Carrying value - twelve months or more 95,953  
Number of securities, greater than twelve months 17  
Weighted average rating AA+ [3]  
Weighted average coupon 3.45%  
Weighted average yield 1.96%  
Weighted average life 4 years 11 months 9 days  
Securities in a Loss Position [Member]
   
Schedule of Available-for-sale Securities [Line Items]    
Outstanding face amount 1,083,407  
Before Impairment - Amortized Cost Basis 1,075,145  
Other Than Temporary Impairment (529) [2]  
Amortized cost basis 1,074,616  
Total gross unrealized losses (7,752)  
Carrying value $ 1,066,864  
Number of securities 71  
Weighted average rating AA [3]  
Weighted average coupon 3.37%  
Weighted average yield 3.05%  
Weighted average life 6 years 5 months 5 days  
[1] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[2] This amount represents other-than-temporary impairment recorded on securities that are in an unrealized loss position as of September 30, 2014.
[3] The weighted average rating of securities in an unrealized loss position for less than twelve months excludes the rating of six bonds for which New Residential was unable to obtain rating information.