Annual report pursuant to Section 13 and 15(d)

REAL ESTATE SECURITIES (Details Narrative)

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REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Jun. 26, 2013
FNMA/FHLMC Securities
Dec. 31, 2013
FNMA/FHLMC Securities
Dec. 31, 2012
FNMA/FHLMC Securities
Dec. 31, 2011
Restated
CDO Bonds issued by Third party carrying value $ 57,800          
Carrying Value of Newcastle's Investment 2,002          
Total Outstanding face amount of fixed rate securities 400,000 500,000        
Total Outstanding face amount of floating rate securities 800,000 1,500,000        
Principal receivable 4,800 7,400        
Outstanding Face Amount of securities sold to New Residential 1,170,905 [1],[2] 2,078,101 [1] 22,800 514,994 [2] 768,619  
Proceeds for sale of securities to New Residential, net of financing     1,200      
Other Than Temporary Impairment Charges in period 5,200 19,300       12,900
Reduction for securities transferred to New Residential 3,800          
OTTI charges for Newcastle owned securities at end of period $ 0 $ 400       $ (2,900)
[1] As of December 31, 2013 and 2012, the total outstanding face amount of fixed rate securities was $0.4 billion and $0.5 billion, respectively, and of floating rate securities were $0.8 billion and $1.5 billion, respectively.
[2] Net of incurred losses.