Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Fair Values of Financial Assets Recorded at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments in:    
Real estate securities, available-for-sale $ 4,991,242 $ 2,501,881
Consumer loans, held-for-investment, principal balance [1] 1,821,979 0
Derivative assets 2,088 2,689
Restricted cash 153,127 94,702
Liabilities    
Derivative liabilities 24,085 $ 13,443
Recurring Basis [Member]    
Investments in:    
Excess mortgage servicing rights, principal balance [2] 290,291,012  
Excess mortgage servicing rights, equity method investees, principal balance [2] 63,834,062  
Servicer advances, principal balance 6,017,968  
Real estate securities, available-for-sale, principal balance 8,027,852  
Residential mortgage loans, held-for-investment, principal balance 0  
Residential mortgage loans, held-for-sale, principal balance 927,523  
Consumer loans, held-for-investment, principal balance 1,833,558  
Derivative assets, notional amount 2,435,000  
Cash and cash equivalents, principal balance 388,674  
Restricted cash, principal balance 153,127  
Other Assets, principal balance 729,193  
Liabilities    
Repurchase agreements, principal balance 4,931,731  
Notes and bonds payable, principal balance 7,850,985  
Derivative liabilities, notional amount 6,130,300  
Recurring Basis [Member] | Carrying Value [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 1,404,052  
Excess mortgage servicing rights, equity method investees, at fair value [2] 195,904  
Servicer advances 6,043,369  
Real estate securities, available-for-sale 4,991,242  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 705,481  
Consumer loans, held-for-investment 1,821,979  
Derivative assets 2,088  
Cash and cash equivalents 388,674  
Restricted cash 153,127  
Other Assets 3,255  
Assets, fair value 15,709,171  
Liabilities    
Repurchase agreements 4,929,944  
Notes and bonds payable 7,833,209  
Derivative liabilities 24,085  
Liabilities, fair value 12,787,238  
Recurring Basis [Member] | Fair Value [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 1,404,052  
Excess mortgage servicing rights, equity method investees, at fair value [2] 195,904  
Servicer advances 6,043,369  
Real estate securities, available-for-sale 4,991,242  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 733,879  
Consumer loans, held-for-investment 1,852,118  
Derivative assets 2,088  
Cash and cash equivalents 388,674  
Restricted cash 153,127  
Other Assets 3,255  
Assets, fair value 15,767,708  
Liabilities    
Repurchase agreements 4,931,731  
Notes and bonds payable 7,864,545  
Derivative liabilities 24,085  
Liabilities, fair value 12,820,361  
Recurring Basis [Member] | Fair Value [Member] | Level 1 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 0  
Excess mortgage servicing rights, equity method investees, at fair value [2] 0  
Servicer advances 0  
Real estate securities, available-for-sale 0  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 0  
Consumer loans, held-for-investment 0  
Derivative assets 0  
Cash and cash equivalents 388,674  
Restricted cash 153,127  
Other Assets 0  
Assets, fair value 541,801  
Liabilities    
Repurchase agreements 0  
Notes and bonds payable 0  
Derivative liabilities 0  
Liabilities, fair value 0  
Recurring Basis [Member] | Fair Value [Member] | Level 2 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 0  
Excess mortgage servicing rights, equity method investees, at fair value [2] 0  
Servicer advances 0  
Real estate securities, available-for-sale 1,434,308  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 0  
Consumer loans, held-for-investment 0  
Derivative assets 2,088  
Cash and cash equivalents 0  
Restricted cash 0  
Other Assets 0  
Assets, fair value 1,436,396  
Liabilities    
Repurchase agreements 4,931,731  
Notes and bonds payable 0  
Derivative liabilities 24,085  
Liabilities, fair value 4,955,816  
Recurring Basis [Member] | Fair Value [Member] | Level 3 [Member]    
Investments in:    
Excess mortgage servicing rights, at fair value [2] 1,404,052  
Excess mortgage servicing rights, equity method investees, at fair value [2] 195,904  
Servicer advances 6,043,369  
Real estate securities, available-for-sale 3,556,934  
Residential mortgage loans, held-for-investment 0  
Residential mortgage loans, held-for-sale 733,879  
Consumer loans, held-for-investment 1,852,118  
Derivative assets 0  
Cash and cash equivalents 0  
Restricted cash 0  
Other Assets 3,255  
Assets, fair value 13,789,511  
Liabilities    
Repurchase agreements 0  
Notes and bonds payable 7,864,545  
Derivative liabilities 0  
Liabilities, fair value $ 7,864,545  
[1] New Residential’s Condensed Consolidated Balance Sheets include the assets and liabilities of certain consolidated VIEs, the Buyer (Note 6) and the Consumer Loan SPVs (Note 9), which primarily hold investments in servicer advances and consumer loans, respectively, financed with notes and bonds payable. The Buyer’s balance sheet is included in Note 6 and the Consumer Loan SPVs’ balance sheet is included in Note 9. The creditors of the Buyer and the Consumer Loan SPVs do not have recourse to the general credit of New Residential and the assets of the Buyer and the Consumer Loan SPVs are not directly available to satisfy New Residential’s obligations.
[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.