Quarterly report pursuant to Section 13 or 15(d)


REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
9 Months Ended 0 Months Ended
Sep. 30, 2013
Jun. 26, 2013
FNMA/FHLMC Securities
Sep. 30, 2013
FNMA/FHLMC Securities
Retained bonds, within principal subordination rate, face amount from Securitization Trust 2006 $ 4,000    
Retained interests (fair value) 1,848 [1]    
CDO Bonds issued by Third party carrying value 58,000    
Carrying Value of Newcastle's Investment 5,100    
CDO Bonds isued by C-BASS carrying value 0    
Total Outstanding face amount of fixed rate securities 400,000    
Total Outstanding face amount of floating rate securities 600,000    
Principal receivable 4,200    
Outstanding Face Amount of securities sold to New Residential 1,038,815 [2],[3] 22,800 362,484 [3],[4]
Proceeds for sale of securities to New Residential, net of financing   1,200  
Other Than Temporary Impairment Charges in period 4,400    
Reduction for securities transferred to New Residential       
OTTI charges for Newcastle owned securities at end of period $ 600    
[1] (B) The retained interests include retained bonds of the securitizations. The fair value of which is estimated based on pricing models. Newcastle's residual interests were written off in 2010. The weighted average yield of the retained bonds was 23.04% as of September 30, 2013.
[2] (G) The total outstanding face amount was $0.4 billion for fixed rate securities and $0.6 billion for floating rate securities.
[3] (A) Net of incurred losses
[4] (H) Amortized cost basis and carrying value include principal receivable of $4.2 million.