Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details)

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FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Certain Information Regarding the Inputs used in Valuing the Servicer Advances (Details) - Servicer Advances [Member]
9 Months Ended
Sep. 30, 2016
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Outstanding Servicer Advances to UPB of Underlying Residential Mortgage Loans 2.10%
Prepayment Speed 10.30% [1]
Delinquency 14.80%
Mortgage Servicing Amount (bps) 0.00086 [2]
Discount Rate 5.40%
Weighted Average [Member]  
Fair Value Inputs, Equity, Quantitative Information [Line Items]  
Collateral Weighted Average Maturity (in years) 24 years 8 months 16 days
[1] Projected annual weighted average lifetime voluntary and involuntary prepayment rate using a prepayment vector.
[2] Mortgage servicing amount excludes the amounts New Residential pays its servicers as a monthly servicing fee.