Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

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DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Notional Amount of Interest Rate Cap Agreements in CDO X $ 42,400
Notional Amount of Interest Rate Swap Agreements in CDO IV 83,600
Notional Amount of Interest Rate Swap Agreements in CDO VI 88,400
Eliminated in consolidation amount of notes payable relating to MH Loan Portfolio I sold to certain Newcastle CDOs 36,900
Eliminated in consolidation amount of notes payable relating to MH Loan Portfolio II sold to certain Newcastle CDOs 17,000
Eliminated in consolidation amount of notes payable relating to residential mortgage loans sold to certain Newcastle CDOs 48,000
Secured face amount of repurchase agreement - notes of Newcastle CDO VI 27,300
Repurchase Agreement - Newcastle CDO VI 1,900
Repurchase of CDO Bonds Payable - Face 30,100
Repurchase of CDO Bonds Payable - Pay Amount 9,200
Extinguished debt on repurchase of bonds payable 30,100
Gain on Extinguishment of debt $ 20,800