Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS EQUITY METHOD INVESTEES - Rollforward (Details)

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INVESTMENTS IN CONSUMER LOANS EQUITY METHOD INVESTEES - Rollforward (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Schedule of Equity Method Investments [Line Items]        
Balance at December 31, 2013     $ 215,062,000  
Earnings from investments in consumer loans, equity method investees 22,490,000 24,129,000 60,185,000 60,293,000
Balance at September 30, 2014 264,039,000   264,039,000  
Consumer Loan Investees
       
Schedule of Equity Method Investments [Line Items]        
Balance at December 31, 2013     215,062,000  
Contributions to equity method investees     0  
Distributions of earnings from equity method investees     (11,208,000) [1]  
Distributions of earnings from consumer loan equity method investees     0  
Earnings from investments in consumer loans, equity method investees 22,490,000 24,129,000 60,185,000 60,293,000
Balance at September 30, 2014 264,039,000   264,039,000  
Consumer Loan, Equity Method Investees
       
Schedule of Equity Method Investments [Line Items]        
Distributions of earnings from equity method investees     (10,599,000) (60,293,000)
Non-cash tax witholding payment     $ 600,000  
[1] During the nine months ended September 30, 2014, the Consumer Loan Companies distributed $10.6 million in cash to, and made $0.6 million in tax withholding payments on behalf of, New Residential. The tax withholding payments were considered a non-cash distribution.