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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2011
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Sep. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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Jun. 30, 2011
Restated
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Dec. 31, 2011
Restated
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Dec. 31, 2011
As Previously Filed
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| Consolidation percentage | 50.00% | 50.00% | |||||||||||
| Other income (loss), net | $ 13,712 | $ (35,676) | $ 36,204 | $ (8,501) | |||||||||
| Change in fair value of investments in excess mortgage servicing rights - reclassed as part of presentation change | 9,023 | 367 | 367 | ||||||||||
| Net adjustment due to correction of error - increase in other income (loss), total other income, net income, Income Applicable to Common Stockholders, total comprehensive income | 45,072 | ||||||||||||
| Net Income (Loss) | 434,110 | 304,519 | 621,662 | 304,519 | 259,447 | ||||||||
| Total comprehensive income | 603,474 | 1,140,073 | 267,284 | 222,212 | |||||||||
| Basic | $ 0.32 | $ 1.65 | $ 0.21 | $ 0.68 | $ 0.18 | $ 0.35 | $ 1.73 | $ 2.97 | $ 10.96 | $ 1.80 | $ 3.65 | $ 3.09 | |
| Diluted | $ 0.32 | $ 1.63 | $ 0.21 | $ 0.68 | $ 0.18 | $ 0.35 | $ 1.73 | $ 2.94 | $ 10.96 | $ 1.80 | $ 3.65 | $ 3.09 | |
| Net adjustment due to correction of error - increase in basic and diluted earnings per share | $ 0.56 | ||||||||||||
| Prepayment penalties, included in interest income | $ 2,700 | $ 7,200 | |||||||||||
| X | ||||||||||
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- Definition
The ownership percentage in subsidiaries and other investment entities for which Newcastle will consolidate results and balances into its parent company financial statements. No definition available.
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| X | ||||||||||
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- Definition
The increase in other income (loss), total other income, net income, income applicable to common stockholders and total comprehensive income due to a prior period adjustment to previously issued financial statements, including an adjustment that is a correction of an error. No definition available.
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| X | ||||||||||
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- Definition
The increase in basic and diluted earnings per share due to a prior period adjustment to previously issued financial statements, including an adjustment that is a correction of an error. No definition available.
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| X | ||||||||||
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- Definition
Gain (loss) in the change in fair value of investments in excess mortgage servicing rights. No definition available.
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| X | ||||||||||
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- Definition
Prepayment penalties on real estate securities and loans receivable for early payment. These are recognized in Interest Income. No definition available.
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| X | ||||||||||
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other aggregate amounts of gains or losses resulting from nonoperating activities (for example, interest and dividend revenue, property, plant and equipment impairment loss, and so forth.) not otherwise defined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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