Annual report pursuant to Section 13 and 15(d)

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Narrative (Details 4)

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EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Narrative (Details 4)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
May. 07, 2015
$ / shares
shares
Nov. 06, 2014
$ / shares
shares
Oct. 16, 2014
Aug. 06, 2014
Feb. 13, 2014
$ / shares
May. 15, 2013
$ / shares
shares
Dec. 31, 2014
$ / shares
shares
Mar. 31, 2007
USD ($)
shares
Oct. 31, 2005
USD ($)
shares
Mar. 31, 2003
USD ($)
$ / shares
shares
Dec. 31, 2015
USD ($)
$ / shares
shares
Dec. 31, 2014
USD ($)
$ / shares
shares
Dec. 31, 2013
USD ($)
shares
Apr. 16, 2015
shares
Nov. 07, 2014
$ / shares
Feb. 14, 2014
$ / shares
May. 16, 2013
$ / shares
Mar. 31, 2010
shares
Class of Stock [Line Items]                                    
Stockholders' Equity Note, Stock Split, Conversion Ratio     0.5 0.3333333333             0.167              
Antidilutive common stock equivalents                     259,277 1,931,257 387,044          
Common stock, shares issued             66,424,508       66,654,598 66,424,508            
Authorized shares under 2014 Plan, shares                           300,000        
Options granted to managers as percentage of shares sold in public offerings                     10.00%              
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period                     1 year              
Director awards granted on joining the board, per director                     3,333              
Share Price (in dollars per share) | $ / shares   $ 23.53     $ 34.50 $ 73.98         $ 4.08       $ 4.00 $ 29.88 $ 34.74  
Preferred stock liquidation preference, per share | $ / shares             $ 25.00       $ 25.00 $ 25.00            
Payments of Stock Issuance Costs | $                     $ 0 $ 595 $ 2,471          
Series B Preferred Stock                                    
Class of Stock [Line Items]                                    
Stock issued during period, shares, other                   2,500,000                
Issuance of preferred stock | $                   $ 62,500                
Preferred stock, dividend rate                   9.75% 9.75% 9.75%            
Preferred stock liquidation preference, per share | $ / shares                   $ 25.00                
Payments of Stock Issuance Costs | $                   $ 2,400                
Preferred stock, shares outstanding (in shares)             1,347,321       1,347,321 1,347,321           1,347,321
Series C Preferred Stock                                    
Class of Stock [Line Items]                                    
Stock issued during period, shares, other                 1,600,000                  
Issuance of preferred stock | $                 $ 40,000                  
Preferred stock, dividend rate                 8.05%   8.05% 8.05%            
Increased dividend rate of preferred stock, if delisting occurs                 9.05%                  
Payments of Stock Issuance Costs | $                 $ 1,500                  
Preferred stock, shares outstanding (in shares)             496,000       496,000 496,000           496,000
Series D Preferred Stock                                    
Class of Stock [Line Items]                                    
Stock issued during period, shares, other               2,000,000                    
Issuance of preferred stock | $               $ 50,000                    
Preferred stock, dividend rate               8.375%     8.375% 8.375%            
Increased dividend rate of preferred stock, if delisting occurs               9.375%                    
Payments of Stock Issuance Costs | $               $ 1,800                    
Preferred stock, shares outstanding (in shares)             620,000       620,000 620,000           620,000
Directors                                    
Class of Stock [Line Items]                                    
Shares of common stock issued for compensation             18,798                      
Manager                                    
Class of Stock [Line Items]                                    
Options, vested and expected to vest, exercisable, (in shares)                     0.08              
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period                     10 years              
Exercisable Period Options granted to managers                     30 months              
Stock Option                                    
Class of Stock [Line Items]                                    
Issuance of stock options - equitable adjustment (in shares) 178,740                                  
Share Price (in dollars per share) | $ / shares $ 1.00                                  
New Residential Spin-Off                                    
Class of Stock [Line Items]                                    
Stock options converted in spin-off (in shares)           3,600,000                        
New Senior Spin-Off                                    
Class of Stock [Line Items]                                    
Stock options converted in spin-off (in shares)   5,500,000                                
Strike price adjustment for spin-off (in dollars per share) | $ / shares         $ 5.34