DEBT OBLIGATIONS - Borrowing Capacity (Details 2) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Balance outstanding $ 4,109,329 $ 150,922
Secured Corporate Loan
    
Borrowing capacity 75,000  
Balance outstanding 75,000 [1]  
Servicer Advance Notes
    
Borrowing capacity 3,900,000 [2]  
Balance outstanding 2,390,778 [2]  
Available financing 1,509,222 [2]  
Loan
    
Borrowing capacity 300,000 [3]  
Balance outstanding 60,102 [3]  
Available financing 239,898 [3]  
Total Debt, without Repurchase Agreements and Residential Mortgage Loans
    
Borrowing capacity 4,275,000  
Balance outstanding 2,525,880  
Available financing $ 1,749,120  
[1] The loan bears interest equal to the sum of (i) a floating rate index rate equal to one-month LIBOR and (ii) a margin of 4.0%. The outstanding face of the collateral represents the UPB of the residential mortgage loans underlying the Excess MSRs that secure this corporate loan.
[2] New Residential's unused borrowing capacity is available if New Residential has additional eligible collateral to pledge and meets other borrowing conditions. New Residential pays a 0.5% fee on the unused borrowing capacity.
[3] Financing related to linked transaction (Note 10)