Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of the Financial Results of Excess MSR Joint Ventures, Accounted for as Equity Method Investees (Details) - Excess MSRs Investees [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]          
Excess MSR assets $ 374,962   $ 374,962   $ 421,999
Other assets 16,846   16,846   12,442
Other liabilities 0   0   0
Equity 391,808   391,808   434,441
New Residential’s investment $ 195,904   $ 195,904   $ 217,221
New Residential’s ownership 50.00%   50.00%   50.00012%
Interest income $ 12,205 $ 12,399 $ 24,526 $ 33,316  
Other income (loss) 339 4,492 (7,244) (348)  
Expenses (22) (38) (66) (82)  
Net income $ 12,522 $ 16,853 $ 17,216 $ 32,886