Quarterly report pursuant to Section 13 or 15(d)

PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Statement of Operations (Details)

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PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Statement of Operations (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income $ 62,824 $ 77,956 $ 124,156 $ 150,818
Interest expense 21,998 29,462 44,708 59,627
Net interest income 40,826 48,494 79,448 91,191
Impairment (Reversal)        
Valuation allowance (reversal) on loans (709) (3,223) 1,525 (12,254)
Other-than-temporary impairment on securities 3,430 10,859 4,405 16,742
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss) 480 863 44 (3,069)
[ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans] 3,201 8,499 5,974 1,419
Net interest income after impairment/reversal 37,625 39,995 73,474 89,772
Other Revenues        
Rental income 11,721 515 23,195 1,024
Care and ancillary income 2,292    4,318   
Total other revenues 14,013 515 27,513 1,024
Other Income (Loss)        
Gain (loss) on settlement of investments, net 5,066 (1,177) 5,063 3,646
Gain on extinguishment of debt    39 1,206 20,782
Other income (loss), net 3,024 (3,744) 7,591 (774)
[NonoperatingGainsLosses] 8,090 (4,882) 13,860 23,654
Expenses        
Loan and security servicing expense 1,021 1,104 2,055 2,202
Property operating expenses 8,409 231 16,772 457
General and administrative expense 9,938 4,841 14,151 7,003
Management fee to affiliate 8,148 5,631 17,713 10,607
Depreciation and amortization 4,070 2 8,149 4
Total Expenses 31,586 11,809 58,840 20,273
Income from continuing operations 28,142 23,819 56,007 94,177
Preferred dividends (1,395) (1,395) (2,790) (2,790)
Income (Loss) from continuing operations per share of common stock, after preferred dividends        
Basic $ 0.10 $ 0.17 $ 0.22 $ 0.76
Diluted $ 0.10 $ 0.17 $ 0.21 $ 0.76
Weighted Average Number of Shares of Common Stock Outstanding        
Basic 259,228,343 134,115,335 247,249,101 119,648,172
Diluted 265,396,219 135,172,953 252,807,613 120,421,528
Newcastle Consolidated Historical
       
Interest income 62,824 [1]   124,156 [1]  
Interest expense 21,998 [1]   44,708 [1]  
Net interest income 40,826 [1]   79,448 [1]  
Impairment (Reversal)        
Valuation allowance (reversal) on loans (709) [1]   1,525 [1]  
Other-than-temporary impairment on securities 3,430 [1]   4,405 [1]  
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss) 480 [1]   44 [1]  
[ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans] 3,201 [1]   5,974 [1]  
Net interest income after impairment/reversal 37,625 [1]   73,474 [1]  
Other Revenues        
Rental income 11,721 [1]   23,195 [1]  
Care and ancillary income 2,292 [1]   4,318 [1]  
Total other revenues 14,013 [1]   27,513 [1]  
Other Income (Loss)        
Gain (loss) on settlement of investments, net 5,066 [1]   5,063 [1]  
Gain on extinguishment of debt    [1]   1,206 [1]  
Other income (loss), net 3,024 [1]   7,591 [1]  
[NonoperatingGainsLosses] 8,090 [1]   13,860 [1]  
Expenses        
Loan and security servicing expense 1,021 [1]   2,055 [1]  
Property operating expenses 8,409 [1]   16,772 [1]  
General and administrative expense 9,938 [1]   14,151 [1]  
Management fee to affiliate 8,148 [1]   17,713 [1]  
Depreciation and amortization 4,070 [1]   8,149 [1]  
Total Expenses 31,586 [1]   58,840 [1]  
Income from continuing operations 28,142 [1]   56,007 [1]  
Preferred dividends (1,395) [1]   (2,790) [1]  
Income from continuing operations after preferred dividends 26,747 [1]   53,217 [1]  
Income (Loss) from continuing operations per share of common stock, after preferred dividends        
Basic $ 0.10 [1]   $ 0.22 [1]  
Diluted $ 0.10 [1]   $ 0.21 [1]  
Weighted Average Number of Shares of Common Stock Outstanding        
Basic 259,228,343 [1]   247,249,101 [1]  
Diluted 265,396,219 [1]   252,807,613 [1]  
Pro Forma Adjustments New Residential
       
Interest income (5,863) [2]   (12,019) [2]  
Interest expense (1,253) [2]   (2,152) [2]  
Net interest income (4,610) [2]   (9,867) [2]  
Impairment (Reversal)        
Valuation allowance (reversal) on loans    [2]      [2]  
Other-than-temporary impairment on securities (3,756) [2]   (3,756) [2]  
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)    [2]      [2]  
[ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans] (3,756) [2]   (3,756) [2]  
Net interest income after impairment/reversal (854) [2]   (6,111) [2]  
Other Revenues        
Rental income    [2]      [2]  
Care and ancillary income    [2]      [2]  
Total other revenues    [2]      [2]  
Other Income (Loss)        
Gain (loss) on settlement of investments, net (58) [2]   (58) [2]  
Gain on extinguishment of debt    [2]      [2]  
Other income (loss), net    [2]      [2]  
[NonoperatingGainsLosses] (58) [2]   (58) [2]  
Expenses        
Loan and security servicing expense (115) [2]   (108) [2]  
Property operating expenses    [2]      [2]  
General and administrative expense (26) [2]   (38) [2]  
Management fee to affiliate (1,809) [2]   (4,134) [2]  
Depreciation and amortization    [2]      [2]  
Total Expenses (1,950) [2]   (4,280) [2]  
Income from continuing operations 1,038 [2]   (1,889) [2]  
Preferred dividends    [2]      [2]  
Income from continuing operations after preferred dividends 1,038 [2]   (1,889) [2]  
Newcastle Consolidated Pro Forma
       
Interest income 56,961   112,137  
Interest expense 20,745   42,556  
Net interest income 36,216   69,581  
Impairment (Reversal)        
Valuation allowance (reversal) on loans (709)   1,525  
Other-than-temporary impairment on securities (326)   649  
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss) 480   44  
[ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans] (555)   2,218  
Net interest income after impairment/reversal 36,771   67,363  
Other Revenues        
Rental income 11,721   23,195  
Care and ancillary income 2,292   4,318  
Total other revenues 14,013   27,513  
Other Income (Loss)        
Gain (loss) on settlement of investments, net 5,008   5,005  
Gain on extinguishment of debt      1,206  
Other income (loss), net 3,024   7,591  
[NonoperatingGainsLosses] 8,032   13,802  
Expenses        
Loan and security servicing expense 906   1,947  
Property operating expenses 8,409   16,772  
General and administrative expense 9,912   14,113  
Management fee to affiliate 6,339   13,579  
Depreciation and amortization 4,070   8,149  
Total Expenses 29,636   54,560  
Income from continuing operations 29,180   54,118  
Preferred dividends (1,395)   (2,790)  
Income from continuing operations after preferred dividends $ 27,785   $ 51,328  
Income (Loss) from continuing operations per share of common stock, after preferred dividends        
Basic $ 0.11   $ 0.21  
Diluted $ 0.10   $ 0.20  
Weighted Average Number of Shares of Common Stock Outstanding        
Basic 259,228,343   247,249,101  
Diluted 265,396,219   252,807,613  
[1] (A) Represents Newcastle's historical consolidated statement of operations for the three and six months ended June 30, 2013.
[2] (B) Represents the portion of New Residential's historical consolidated statement of operations for the period from April 1, 2013 to May 15, 2013 and from January 1, 2013 to May 15, 2013 that is not included in Newcastle's income (loss) from discontinued operations.