Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AND CDO SERVICING RIGHTS (Details Narrative)

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INVESTMENTS IN EXCESS MORTGAGE SERVICING RIGHTS AND CDO SERVICING RIGHTS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2011
Restated
Dec. 31, 2011
Excess MSRs Pool 1
Dec. 31, 2012
Excess MSRs Pool 2
Dec. 31, 2012
Excess MSRs Pool 3
Dec. 31, 2012
Excess MSRs Pool 4
Dec. 31, 2012
Excess MSRs Pool 5
Dec. 31, 2012
Excess MSRs Pool 3,4,5 Consolidated
Pool of Residential Mortgage Loans Principal Balance         $ 9,900,000 $ 10,400,000 $ 9,800,000 $ 6,300,000 $ 47,600,000 $ 63,700,000
Weighted Average Total Mortgage Servicing Amount Entitlement 0.35%                  
Nationstar MSR Agreement I fee 0.06%                  
Remainder/Excess MSRs 0.29%                  
Excess MSR amount on future mortgage loans 65.00%                  
Purchased MSR Portfolio I         43,700 44,000       176,500
Nationstar co-investment in MSR Portfolio I 35.00%                  
Purchased MSR Portfolio I, remaining payable           100        
Newcastle's share of termination payments 65.00%                  
Percentage of principal balance of residential mortgage loans non-conforming in private label securitizations 75.00%                  
Percentage of principal balance of residential mortgage loans conforming in GSE pools 25.00%                  
Acquisition of servicing rights    100   2,268            
Total collateral of portfolio     1,300,000              
Amortization of Servicing Rights 300                  
Servicing Asset $ 1,700