INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS EQUITY METHOD INVESTEES - Excess MSR Investments (Details 1) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
MSRs Pool 6
Dec. 31, 2013
MSRs Pool 11
Dec. 31, 2013
MSR Pool 11 Recapture Agreement
Dec. 31, 2013
MSRs
Dec. 31, 2012
MSRs
Nov. 30, 2012
MSRs
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Jan. 04, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 6
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 6 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 7
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 7 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 8
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 8 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 9
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 9 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Lower Range
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 10
Upper Range
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Lower Range
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 10 Recapture Agreement
Upper Range
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 11
May 20, 2013
Excess Mortgage Servicing Rights Investees
MSRs Pool 11
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSR Pool 11 Recapture Agreement
Dec. 31, 2013
Excess Mortgage Servicing Rights Investees
MSRs
Unpaid principal balance of underlying loans     $ 436,241   $ 78,953,614 $ 76,560,751 $ 13,000,000   $ 10,152,488     $ 31,518,733   $ 14,040,636   $ 30,814,192   $ 68,890,509 [1]           $ 18,202,920     $ 173,619,478
Investee Interest in Excess MSR                 66.70%   66.70% 66.70% 66.70% 66.70% 66.70% 66.70% 66.70%   66.70% [2] 77.00% [2]   66.70% 77.00% 66.70%   66.70%  
Ownership percentage in equity method investees   50.00%         50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% [1]     50.00%     50.00% 50.00% 50.00%  
Amortized Cost Basis     2,091 [3] 254 [3] 261,429 [3] 235,646 [3]     38,488 [4]   7,666 [4] 99,743 [4] 16,706 [4] 55,905 [4] 7,542 [4] 103,713 [4] 33,905 [4] 205,975 [1],[4]     13,739 [4]     43,157 [4]   23,178 [4] 649,717 [4]
Carrying Value     $ 2,080 [5] $ 235 [5] $ 324,151 [5] $ 245,036 [5]     $ 47,144 [6]   $ 9,969 [6] $ 102,947 [6] $ 26,388 [6] $ 54,759 [6] $ 14,713 [6] $ 127,646 [6] $ 34,154 [6] $ 208,055 [1],[6]     $ 7,165 [6]     $ 51,687 [6]   $ 19,054 [6] $ 703,681 [6]
Weighted average yield 2.66%   12.50% 12.50% 12.90% 17.60%     12.50%   12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% [1]     12.50%     12.50%   12.50% 12.50%
Weighted average life (years) 5 years 8 months 12 days [7]   6 years 6 months [8] 14 years 3 months 18 days [8] 5 years 9 months 18 days [8] 5 years 4 months 24 days [8]     5 years [9]   11 years 10 months 24 days [9] 5 years 1 month 6 days [9] 12 years 3 months 18 days [9] 5 years 1 month 6 days [9] 11 years 10 months 24 days [9] 4 years 9 months 18 days [9] 11 years 10 months 24 days [9] 5 years 4 months 24 days [1],[9]     13 years 4 months 24 days [9]     5 years 6 months [9]   11 years 1 month 6 days [9] 6 years 3 months 18 days [9]
[1] Pool in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR as of December 31, 2013 (Note 6).
[2] Pool in which New Residential also invested in related servicer advances, including the basic fee component of the related MSR subsequent to December 31, 2013 (Note 18).
[3] 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.
[4] 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.
[5] Carrying Value represents the fair value of the pools or Recapture Agreements, as applicable.
[6] Represents the carrying value of the Excess MSRs held in equity method investees, in which New Residential effectively holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[7] The weighted average life is based on the timing of expected principal reduction on the assets.
[8] Weighted Average Life represents the weighted average expected timing of the receipt of expected cash flows for this investment.
[9] The weighted average life represents the weighted average expected timing of the receipt of cash flows of each investment.