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 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     $ 352,766  
Change in fair value of investments in equity method investees 31,833 20,645 50,950 41,741
Balance at June 30, 2014 342,538   342,538  
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     34,680  
Distributions of capital from equity method investees     26,498  
Change in fair value of investments in equity method investees     50,950  
Balance at June 30, 2014 $ 342,538 [1]   $ 342,538 [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.