| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| STATE/COUNTRY OF INCORPORATION/FORMATION
| ||||
|
1. |
2520 Ridgewood GP, LLC |
Texas | ||
| 2. |
DBNC Peach Holding LLC | Delaware | ||
| 3. |
DBNC Peach I Trust | Delaware | ||
| 4. |
DBNC Peach LLC | Delaware | ||
| 5. |
Fortress Asset Trust | Delaware | ||
| 6. |
Fortress Realty Holdings, Inc. | Ontario | ||
| 7. |
Impac 1998-C1Carthage Texas, LLC | Texas | ||
| 8. |
Impac CMB Trust 1998-C1 | Delaware | ||
| 9. |
Impac Commercial Assets Corporation | California | ||
| 10. |
Impac Commercial Capital Corporation | California | ||
| 11. |
Impac Commercial Holdings, Inc. | Maryland | ||
| 12. |
Karl S.A. | Belgium | ||
| 13. |
LIV Holdings LLC | Delaware | ||
| 14. |
NCT Holdings II LLC | Delaware | ||
| 15. |
NCT Holdings LLC | Delaware | ||
| 16. |
Newcastle 2005-1 Asset-Backed Note LLC | Delaware | ||
| 17. |
Newcastle 2006-1 Asset-Backed Note LLC | Delaware | ||
| 18. |
Newcastle 2006-1 Depositor LLC | Delaware | ||
| 19. |
Newcastle CDO IV Corp. | Delaware | ||
| 20. |
Newcastle CDO IV Holdings LLC | Delaware | ||
| 21. |
Newcastle CDO IV, Ltd. | Cayman Islands | ||
| 22. |
Newcastle CDO IX 1 Limited | Cayman Islands | ||
| 23. |
Newcastle CDO IX 2 Limited | Cayman Islands | ||
| 24. |
Newcastle CDO IX Holdings LLC | Delaware | ||
| 25. |
Newcastle CDO IX LLC | Delaware | ||
| 26. |
Newcastle CDO V Corp. | Delaware | ||
| 27. |
Newcastle CDO V Holdings LLC | Delaware | ||
| 28. |
Newcastle CDO V, Ltd. | Cayman Islands | ||
| 29. |
Newcastle CDO VI , Ltd. | Cayman Islands | ||
| 30. |
Newcastle CDO VI Corp. | Delaware | ||
| 31. |
Newcastle CDO VI Holding, LLC | Delaware | ||
| 32. |
Newcastle CDO VII Corp. | Delaware | ||
| 33. |
Newcastle CDO VII Holdings LLC | Delaware | ||
| 34. |
Newcastle CDO VII, Limited | Cayman Islands | ||
| 35. |
Newcastle CDO VIII 1, Limited | Cayman Islands | ||
| 36. |
Newcastle CDO VIII 2, Limited | Cayman Islands | ||
| 37. |
Newcastle CDO VIII Holdings LLC | Delaware | ||
| 38. |
Newcastle CDO VIII LLC | Delaware | ||
| 39. |
Newcastle CDO X Holdings LLC | Delaware | ||
| 40. |
Newcastle CDO X Limited | Cayman Islands | ||
| 41. |
Newcastle CDO X LLC | Delaware | ||
| 42. |
Newcastle Foreign TRS Ltd. | Cayman Islands | ||
| 43. |
Newcastle MH I LLC | Delaware | ||
| 44. |
Newcastle Mortgage Securities LLC | Delaware | ||
| 45. |
Newcastle Mortgage Securities Trust 2004-1 | Delaware | ||
| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| STATE/COUNTRY OF INCORPORATION/FORMATION
| ||||
|
46. |
Newcastle Mortgage Securities Trust 2006-1 |
Delaware | ||
| 47. |
Newcastle Mortgage Securities Trust 2007-1 | Delaware | ||
| 48. |
Newcastle Trust I | Delaware | ||
| 49. |
NIC 2 River Place LLC | Delaware | ||
| 50. |
NIC 4 River Place LLC | Delaware | ||
| 51. |
NIC Airport Corporate Center LLC | Delaware | ||
| 52. |
NIC Apple Valley I LLC | Delaware | ||
| 53. |
NIC Apple Valley II LLC | Delaware | ||
| 54. |
NIC Apple Valley III LLC | Delaware | ||
| 55. |
NIC CRA LLC | Delaware | ||
| 56. |
NIC Dayton Towne Center LLC | Delaware | ||
| 57. |
NIC DB LLC | Delaware | ||
| 58. |
NIC DP LLC | Delaware | ||
| 59. |
NIC OTC LLC | Delaware | ||
| 60. |
NIC TP LLC | Delaware | ||
| 61. |
NIC TRS Holdings, Inc. | Delaware | ||
| 62. |
NIC TRS LLC | Delaware | ||
| 63. |
NIC WL II LLC | Delaware | ||
| 64. |
NIC WL LLC | Delaware | ||
| 65. |
Steinhage B.V. | Netherlands | ||