Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Details)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS, EQUITY METHOD INVESTEES - Summary of Excess MSR Investments made through Equity Method Investees (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]    
Weighted Average Life (Years) 11 months 13 days  
Excess MSRs Investees [Member]    
Schedule of Equity Method Investments [Line Items]    
Unpaid Principal Balance $ 63,834,062  
New Residential Interest in Investees 50.00% 50.00012%
Amortized Cost Basis [1] $ 282,544  
Carrying Value [2] $ 374,962  
Weighted Average Life (Years) [3] 6 years 5 months 7 days  
Excess MSRs Investees [Member] | MSRs [Member]    
Schedule of Equity Method Investments [Line Items]    
New Residential Interest in Investees 50.00%  
Excess MSRs Investees [Member] | Agency [Member] | Original and Recaptured Pools [Member]    
Schedule of Equity Method Investments [Line Items]    
Unpaid Principal Balance $ 63,834,062  
Investee Interest in Excess MSR [4] 66.70%  
New Residential Interest in Investees 50.00%  
Amortized Cost Basis [1] $ 249,388  
Carrying Value [2] $ 314,265  
Weighted Average Life (Years) [3] 5 years 8 months 25 days  
Excess MSRs Investees [Member] | Agency [Member] | Recapture Agreements [Member]    
Schedule of Equity Method Investments [Line Items]    
Unpaid Principal Balance $ 0  
Investee Interest in Excess MSR [4] 66.70%  
New Residential Interest in Investees 50.00%  
Amortized Cost Basis [1] $ 33,156  
Carrying Value [2] $ 60,697  
Weighted Average Life (Years) [3] 11 years 8 months 16 days  
[1] Represents the amortized cost basis of the equity method investees in which New Residential holds a 50% interest. The amortized cost basis of the recapture agreements is determined based on the relative fair values of the recapture agreements and related Excess MSRs at the time they were acquired.
[2] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential holds a 50% interest. Carrying value represents the fair value of the pools or recapture agreements, as applicable.
[3] The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.
[4] The remaining interests are held by Nationstar.