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
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Dec. 31, 2012
Investments in:        
Excess mortgage servicing rights, at fair value $ 409,236 $ 324,151    
Excess mortgage servicing rights, equity method investees, at fair value 342,538 352,766    
Servicer advances 3,214,113 2,665,551    
Real estate securities, available-for-sale 2,079,712 1,973,189    
Residential mortgage loans, held-for-investment 629,398 33,539    
Derivative assets 28,686 35,926    
Cash and cash equivalents 187,601 271,994 172,203 0
Restricted cash 29,962 33,338    
Liabilities        
Repurchase agreements 2,738,349 1,620,711    
Notes payable 2,847,251 2,488,618    
Derivative liability 345 18    
Recurring Basis | Level 1
       
Investments in:        
Cash and cash equivalents 187,601      
Restricted cash 29,962      
Assets, fair value 217,563      
Recurring Basis | Level 2
       
Investments in:        
Real estate securities, available-for-sale 1,785,083      
Derivative assets 1,115 [1]      
Assets, fair value 1,786,198      
Liabilities        
Repurchase agreements 1,725,737      
Notes payable 1,081,673      
Derivative liability 345      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 2,807,755      
Recurring Basis | Level 3
       
Investments in:        
Excess mortgage servicing rights, at fair value 409,236 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 342,538 [2] 352,766    
Servicer advances 3,214,113      
Real estate securities, available-for-sale 294,629      
Residential mortgage loans, held-for-investment 638,901      
Residential mortgage loans, held for sale(C) 491,575      
Derivative assets 27,571 [1]      
Assets, fair value 5,418,563      
Liabilities        
Repurchase agreements 1,012,612      
Notes payable 1,768,743      
Derivative liability 0      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 2,781,355      
Recurring Basis | Principal Balance or Notional Amount
       
Investments in:        
Excess mortgage servicing rights, at fair value 99,041,165 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 152,436,227 [2]      
Servicer advances 3,041,905      
Real estate securities, available-for-sale 2,130,370      
Residential mortgage loans, held-for-investment 843,265      
Residential mortgage loans, held for sale(C) 463,639      
Derivative assets 1,462,561 [1]      
Cash and cash equivalents 187,601      
Restricted cash 29,962      
Liabilities        
Repurchase agreements 2,738,349      
Notes payable 2,847,251      
Derivative liability 1,595,000      
Recurring Basis | Carrying Value
       
Investments in:        
Excess mortgage servicing rights, at fair value 409,236 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 342,538 [2]      
Servicer advances 3,214,113      
Real estate securities, available-for-sale 2,079,712      
Residential mortgage loans, held-for-investment 626,941      
Residential mortgage loans, held for sale(C) 490,250      
Derivative assets 28,686 [1]      
Cash and cash equivalents 187,601      
Restricted cash 29,962      
Assets, fair value 7,409,039      
Liabilities        
Repurchase agreements 2,738,349      
Notes payable 2,847,251      
Derivative liability 345      
Financial and Nonfinancial Liabilities, Fair Value Disclosure 5,585,945      
Recurring Basis | Fair Value
       
Investments in:        
Excess mortgage servicing rights, at fair value 409,236 [2]      
Excess mortgage servicing rights, equity method investees, at fair value 342,538 [2]      
Servicer advances 3,214,113      
Real estate securities, available-for-sale 2,079,712      
Residential mortgage loans, held-for-investment 638,901      
Residential mortgage loans, held for sale(C) 491,575      
Derivative assets 28,686 [1]      
Cash and cash equivalents 187,601      
Restricted cash 29,962      
Assets, fair value 7,422,324      
Liabilities        
Repurchase agreements 2,738,349      
Notes payable 2,850,416      
Derivative liability 345      
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 5,589,110      
[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.