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
9 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Jul. 08, 2014
May 13, 2014
May 12, 2014
Jan. 17, 2014
Sep. 30, 2014
Consumer Loan Investees
Apr. 01, 2014
Consumer Loan Investees
Dec. 31, 2013
Consumer Loan Investees
Sep. 30, 2013
Consumer Loan Investees
Sep. 30, 2014
Class A Asset Backed Notes
Consumer Loan Investees
Sep. 30, 2014
Class B Asset Backed Notes
Consumer Loan Investees
Sep. 30, 2013
Class B Asset Backed Notes
Consumer Loan Investees
Sep. 30, 2014
Consumer Loan Investees
Dec. 31, 2013
Consumer Loan Investees
Schedule of Equity Method Investments [Line Items]                            
Debt Instrument, Face Amount $ 5,585,600                 $ 1,100,000 $ 300,000 $ 400,000    
Unpaid principal balance of underlying loans 99,041,165 2,100,000 700,000 12,800,000 8,100,000   4,200,000           2,827,355 3,298,769
New Residential's ownership           30.00% 30.00% 30.00% 30.00%       30.00% 30.00%
Carrying value                         $ 2,192,487 $ 2,572,577
Weighted average coupon                         18.20% 18.30%
Weighted Average Yield                         16.90% 15.90%
Weighted average life 5 years 9 months 14 days [1]                       3 years 5 months 27 days 3 years 2 months 12 days
[1] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.