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Schedule of Real Estate Loans and Other Receivables (Details)

v2.4.0.8
Schedule of Real Estate Loans and Other Receivables (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Outstanding Face Amount $ 1,121,085 [1]  
Carrying Value 843,132 [1]  
Loan Count 33 [1]  
Mezzanine Loans
    
Outstanding Face Amount 527,793  
Carrying Value 442,529 [2] 469,326 [2]
Loan Count 17  
Wtd. Average Yield 10.10% 10.35%
Weighted Average Coupon 8.57%  
Weighted Average Maturity (Years) 2.2 [3]  
Floating Rate Loans as a % of Face Amount 67.00%  
Delinquent Face Amount 12,000 [4]  
Corporate Bank Loans
    
Outstanding Face Amount 391,904  
Carrying Value 208,863 [2] 161,153 [2]
Loan Count 7  
Wtd. Average Yield 18.85% 21.79%
Weighted Average Coupon 8.66%  
Weighted Average Maturity (Years) 3.6 [3]  
Floating Rate Loans as a % of Face Amount 47.80%  
Delinquent Face Amount    [4]  
B-Notes
    
Outstanding Face Amount 171,258  
Carrying Value 161,610 [2] 152,535 [2]
Loan Count 6  
Wtd. Average Yield 10.40% 12.25%
Weighted Average Coupon 5.37%  
Weighted Average Maturity (Years) 2.1 [3]  
Floating Rate Loans as a % of Face Amount 86.40%  
Delinquent Face Amount    [4]  
Whole Loans
    
Outstanding Face Amount 30,130  
Carrying Value 30,130 [2] 30,566 [2]
Loan Count 3  
Wtd. Average Yield 5.21% 5.31%
Weighted Average Coupon 3.82%  
Weighted Average Maturity (Years) 1.1 [3]  
Floating Rate Loans as a % of Face Amount 96.60%  
Delinquent Face Amount    [4]  
Total Real Estate Related Loans Held for Sale
    
Outstanding Face Amount 1,121,085 [5]  
Carrying Value 843,132 [2],[5] 813,580 [2]
Loan Count 33 [5]  
Wtd. Average Yield 12.15% [5] 12.78%
Weighted Average Coupon 7.98% [5]  
Weighted Average Maturity (Years) 2.6 [3],[5]  
Floating Rate Loans as a % of Face Amount 64.00% [5]  
Delinquent Face Amount 12,000 [4],[5]  
Non-Securitized Manufacturing Housing Loan Portfolio I
    
Outstanding Face Amount 573  
Carrying Value 163 [2] 199 [2]
Loan Count 15  
Wtd. Average Yield 38.84% 39.80%
Weighted Average Coupon 7.75%  
Weighted Average Maturity (Years) 0.7 [3]  
Floating Rate Loans as a % of Face Amount 0.00%  
Delinquent Face Amount 103 [4]  
Non-Securitized Manufacturing Housing Loan Portfolio II
    
Outstanding Face Amount 3,072  
Carrying Value 2,308 [2] 2,488 [2]
Loan Count 115  
Wtd. Average Yield 15.46% 15.54%
Weighted Average Coupon 10.03%  
Weighted Average Maturity (Years) 5.5 [3]  
Floating Rate Loans as a % of Face Amount 9.10%  
Delinquent Face Amount 346 [4]  
Total Residential Mortgage Loans Held For Sale
    
Outstanding Face Amount 3,645 [6]  
Carrying Value 2,471 [2],[6] 2,687 [2]
Loan Count 130 [6]  
Wtd. Average Yield 17.00% [6] 17.34%
Weighted Average Coupon 9.67% [6]  
Weighted Average Maturity (Years) 4.7 [3],[6]  
Floating Rate Loans as a % of Face Amount 7.70% [6]  
Delinquent Face Amount 449 [4],[6]  
Securitized Manufacturing Housing Loan Portfolio I
    
Outstanding Face Amount 118,746  
Carrying Value 100,124 [2] 112,316 [2]
Loan Count 3,172  
Wtd. Average Yield 9.48% 9.51%
Weighted Average Coupon 8.66%  
Weighted Average Maturity (Years) 6.8 [3]  
Floating Rate Loans as a % of Face Amount 0.80%  
Delinquent Face Amount 1,558 [4]  
Securitized Manufacturing Housing Loan Portfolio II
    
Outstanding Face Amount 153,193  
Carrying Value 150,123 [2] 175,120 [2]
Loan Count 5,381  
Wtd. Average Yield 7.54% 7.55%
Weighted Average Coupon 9.63%  
Weighted Average Maturity (Years) 5.6 [3]  
Floating Rate Loans as a % of Face Amount 16.80%  
Delinquent Face Amount 2,775 [4]  
Residential Mortgage Loans
    
Outstanding Face Amount 56,131  
Carrying Value 42,214 [2] 43,800 [2]
Loan Count 198  
Wtd. Average Yield 7.41% 7.92%
Weighted Average Coupon 2.56%  
Weighted Average Maturity (Years) 6.2 [3]  
Floating Rate Loans as a % of Face Amount 100.00%  
Delinquent Face Amount 9,852 [4]  
Total Residential Mortgage Loans Held For Investment
    
Outstanding Face Amount 328,070 [6],[7]  
Carrying Value 292,461 [2],[6],[7] 331,236 [2]
Loan Count 8,751 [6],[7]  
Wtd. Average Yield 8.19% [6],[7] 8.26%
Weighted Average Coupon 8.07% [6],[7]  
Weighted Average Maturity (Years) 6.1 [3],[6],[7]  
Floating Rate Loans as a % of Face Amount 25.20% [6],[7]  
Delinquent Face Amount 14,185 [4],[6],[7]  
Subprime Mortgage Loans Subject to Call
    
Outstanding Face Amount 406,217  
Carrying Value $ 405,814 [2] $ 404,723 [2]
[1] (1) Based on the final extended maturity date of each loan investment as of December 31, 2012.
[2] (A) The aggregate United States federal income tax basis for such assets at December 31, 2012 was approximately $1.3 billion (unaudited), excluding the securitized subprime mortgage loans, which are fully consolidated for tax purposes. Carrying value includes interest receivable of $0.1 million for the residential housing loans and principal and interest receivable of $4.8 million for the manufactured housing loans.
[3] (B) The weighted average maturity is based on the timing of expected principal reduction on the assets.
[4] (C) Includes loans that are 60 days or more past due (including loans that are in foreclosure and borrowers' in bankruptcy) or considered real estate owned ("REO"). As of December 31, 2012 and December 31, 2011, $137.7 million and $117.2 million face amount of real estate related loans, respectively, was on non-accrual status.
[5] (D) Loans which are more than 3% of the total current carrying value (or $25.3 million) at December 31, 2012 are as follows (See Table Schedule of Large Loans for details).
[6] (F) Loans acquired at a discount for credit quality.
[7] (E) The following is an aging analysis of past due residential loans held-for-investment as of December 31, 2012 (See Table Aging Schedule of Past Due Residential Loans Held For Investment). Newcastle's management monitors the credit quality of the Manufactured Housing Loan Portfolios I and II primarily by using the aging analysis, current trends in delinquencies and the actual loss incurrence rate.