Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details)

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INVESTMENTS IN RESIDENTIAL MORTGAGE LOANS - Summary of Activities Related to the Carrying Value of Loans Held-for-sale (Details) - USD ($)
$ in Thousands
9 Months Ended
May 25, 2016
Mar. 25, 2016
Sep. 30, 2016
Loans Held-for-sale, Reconciliation [Roll Forward]      
Transfer of loans to real estate owned     $ (62,057)
Loans Held-for-sale [Member]      
Loans Held-for-sale, Reconciliation [Roll Forward]      
Beginning balance, loans held-for-sale     776,681
Purchases [1]     788,824
Transfer of loans from held-for-investment [2]     316,199
Sales     (915,361)
Transfer of loans to other assets [3]     (148,243)
Transfer of loans to real estate owned     (39,558)
Proceeds from repayments     (75,329)
Valuation provision on loans [4]     2,268
Ending balance, loans held-for-sale     $ 705,481
Provision on call transaction on loans held-for-sale $ 3,600 $ 2,600  
[1] Represents loans acquired with the intent to sell.
[2] Represents loans not initially acquired with the intent to sell for which New Residential determined that it no longer has the intent to hold for the foreseeable future, or until maturity or payoff.
[3] Represents loans for which foreclosure has been completed during the nine months ended September 30, 2016 and for which New Residential has made, or intends to make, a claim with the governmental agency that has guaranteed the loans that are now recognized as claims receivable in Other Assets (Note 2).
[4] Represents the fair value adjustments to loans upon transfer to held-for-sale and provision recorded on certain purchased held-for-sale loans, including $2.6 million and $3.6 million of provision related to the call transactions executed on March 25, 2016 and May 25, 2016, respectively.