| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| Subsidiary |
State/Country of | |||
|
1. |
Dayton Asset Holding LLC |
Delaware | ||
| 2. | DBNC Peach Holdings LLC | Delaware | ||
| 3. | DBNC Peach I Trust | Delaware | ||
| 4. | DBNC Peach LLC | Delaware | ||
| 5. | Fortress Asset Trust | Delaware | ||
| 6. | Impac CMB Trust 1998-C1 | Delaware | ||
| 7. | Impac Commercial Assets Corporation | California | ||
| 8. | Impac Commercial Capital Corporation | California | ||
| 9. | Impac Commercial Holdings, Inc. | Maryland | ||
| 10. | Karl S.A. | Belgium | ||
| 11. | LIV Holdings LLC | Delaware | ||
| 12. | NCT Holdings II LLC | Delaware | ||
| 13. | NCT Holdings LLC | Delaware | ||
| 14. | Newcastle 2005-1 Asset Backed Note LLC | Delaware | ||
| 15. | Newcastle 2006-1 Asset Backed Note LLC | Delaware | ||
| 16. | Newcastle 2006-1 Depositor LLC | Delaware | ||
| 17. | Newcastle CDO IV Corp. | Delaware | ||
| 18. | Newcastle CDO IV Holdings LLC | Delaware | ||
| 19. | Newcastle CDO IV, Ltd. | Cayman Islands | ||
| 20. | Newcastle CDO V Corp. | Delaware | ||
| 21. | Newcastle CDO V Holdings LLC | Delaware | ||
| 22. | Newcastle CDO V, Ltd. | Cayman Islands | ||
| 23. | Newcastle CDO VI Corp. | Delaware | ||
| 24. | Newcastle CDO VI Holdings LLC | Delaware | ||
| 25. | Newcastle CDO VI, Ltd. | Cayman Islands | ||
| 26. | Newcastle CDO VII Corp. | Delaware | ||
| 27. | Newcastle CDO VII Holdings LLC | Delaware | ||
| 28. | Newcastle CDO VII, Limited | Cayman Islands | ||
| 29. | Newcastle CDO VIII 1, Limited | Cayman Islands | ||
| 30. | Newcastle CDO VIII 2, Limited | Cayman Islands | ||
| 31. | Newcastle CDO VIII Holdings LLC | Delaware | ||
| 32. | Newcastle CDO VIII LLC | Delaware | ||
| 33. | Newcastle CDO IX 1, Limited | Cayman Islands | ||
| 34. | Newcastle CDO IX 2, Limited | Cayman Islands | ||
| 35. | Newcastle CDO IX Holdings LLC | Delaware | ||
| 36. | Newcastle CDO IX LLC | Delaware | ||
| 37. | Newcastle CDO X Holdings LLC | Delaware | ||
| 38. | Newcastle CDO X Limited | Cayman Islands | ||
| 39. | Newcastle CDO X LLC | Delaware | ||
| 40. | Newcastle Foreign TRS Ltd. | Cayman Islands | ||
| 41. | Newcastle Investment Trust 2010-MH1 | Delaware | ||
| 42. | Newcastle MH I LLC | Delaware | ||
| 43. | Newcastle Mortgage Securities LLC | Delaware | ||
| 44. | Newcastle Mortgage Securities Trust 2004-1 | Delaware | ||
| 45. | Newcastle Mortgage Securities Trust 2006-1 | Delaware | ||
| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| Subsidiary |
State/Country of | |||
| 46. | Newcastle Mortgage Securities Trust 2007-1 | Delaware | ||
| 47. | Newcastle Trust I | Delaware | ||
| 48. | NIC Airport Corporate Center LLC | Delaware | ||
| 49. | NIC Apple Valley I LLC | Delaware | ||
| 50. | NIC Apple Valley II LLC | Delaware | ||
| 51. | NIC Apple Valley III LLC | Delaware | ||
| 52. | NIC CRA LLC | Delaware | ||
| 53. | NIC Dayton Town Center LLC | Delaware | ||
| 54. | NIC DB LLC | Delaware | ||
| 55. | NIC DP LLC | Delaware | ||
| 56. | NIC Management LLC | Delaware | ||
| 57. | NIC OTC LLC | Delaware | ||
| 58. | NIC SF LLC | Delaware | ||
| 59. | NIC SN 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. | SP I Term Facility LLC | Delaware | ||
| 66. | Steinhage B.V. | Netherlands | ||
| 67. | Xanadu Asset Holdings LLC | Delaware | ||