INVESTMENTS IN CONSUMER LOANS EQUITY METHOD INVESTEES - Summary of Investments (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Apr. 02, 2013
Dec. 31, 2012
Summarized financial information:      
New Residential's investment $ 215,062 [1]    
New Residential's equity in net income 82,856 [2]    
Consumer Loan Investees
      
Summarized financial information:      
Consumer Loan Assets 2,752,777    
Other assets 192,830    
Debt (2,010,433) [3]    
Other Liabilities (32,712)    
Equity 722,262    
New Residential's investment 215,062   0
Ownership percentage in equity method investees 30.00% 30.00%  
Interest income 481,056    
Other income (loss) (71,639)    
Provision for finance receivable losses (60,619)    
Other expenses (67,225)    
New Residential's equity in net income 82,856    
Net income $ 281,573    
[1] Represents our historical consolidated balance sheet at December 31, 2013.
[2] Represents our historical consolidated statement of income for the year ended December 31, 2013.
[3] Represents the Class A asset-backed notes with a face amount of $1.7 billion, an interest rate of 3.75% and a maturity of April 2021 and the Class B asset-backed notes with a face amount of $372.0 million, an interest rate of 4.0% and a maturity of December 2024. Substantially all of the net cash flow generated by the Consumer Loan Companies is required to be used to pay down the Class A notes. When the balance of the outstanding Class A notes is reduced to 50% of the outstanding UPB of the performing consumer loans, 70% of the net cash flow generated is required to be used to pay down the Class A notes and the equity holders of the Consumer Loan Companies and holders of the Class B notes will each be entitled to receive 15% of the net cash flow of the Consumer Loan Companies on a periodic basis.