Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Other Debt Segment Investments and Debt (Details 1)

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SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Other Debt Segment Investments and Debt (Details 1) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Investments Carrying Value $ 3,072,841
Debt Face Amount 2,171,875
Debt Carrying Value 2,204,735
Non-recourse [Member]
  
Investments Face Amount 406,217
Investments Carrying Value 412,732
Debt Face Amount 412,217
Debt Carrying Value 412,217
Non-recourse [Member] | Subprime Mortgage Loans subject to Call Options [Member]
  
Investments Face Amount 406,217
Investments Carrying Value 406,217
Debt Face Amount 406,217
Debt Carrying Value 406,217
Non-recourse [Member] | Operating Real Estate [Member]
  
Investments Carrying Value 6,515
Debt Face Amount 6,000
Debt Carrying Value 6,000
Other [Member] | Unlevered Real Estate Securities [Member]
  
Investments Face Amount 168,201
Investments Carrying Value 9,912
Other [Member] | Other Investments [Member]
  
Investments Carrying Value 6,319
Other [Member] | Residential Mortgage Loans [Member]
  
Investments Face Amount 39,785
Investments Carrying Value 28,803
Debt Face Amount 22,965
Debt Carrying Value 22,965
Other Debt [Member]
  
Investments Face Amount 614,203
Investments Carrying Value 457,766 [1],[2]
Debt Face Amount 435,182 [3]
Debt Carrying Value $ 435,182 [1],[2],[3]
[1] Assets held within non-recourse structures, including all of the assets in the senior housing and CDO segments, are not available to satisfy obligations outside of such financings, except to the extent net cash flow distributions are received from such structures. Furthermore, creditors or beneficial interest holders of these structures generally have no recourse to the general credit of Newcastle. Therefore, the exposure to the economic losses from such structures generally is limited to invested equity in them and economically their book value cannot be less than zero. Therefore, impairment recorded in excess of Newcastle?s investment, which results in negative GAAP book value for a given non-recourse financing structure, cannot economically be incurred and will eventually be reversed through amortization, sales at gains, or as gains at the deconsolidation or termination of such non-recourse financing structure.
[2] The following table summarizes the investments and debt in the other debt segment (See Schedule of other debt segment investments and debt).
[3] An aggregate face amount of $6.0 million (carrying value of $6.0 million) of debt represents intersegment financing, which is eliminated upon consolidation.