|
REAL ESTATE SECURITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 1 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2014
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Nov. 30, 2014
Securities
|
Jan. 31, 2014
|
May 31, 2014
|
||||
| Total outstanding face amount of fixed rate securities | $ 600,000nct_OutstandingFaceFixedRateSecurities | $ 600,000nct_OutstandingFaceFixedRateSecurities | $ 400,000nct_OutstandingFaceFixedRateSecurities | |||||||
| Total outstanding face amount of floating rate securities | 100,000nct_OutstandingFaceFloatingRateSecurities | 100,000nct_OutstandingFaceFloatingRateSecurities | 800,000nct_OutstandingFaceFloatingRateSecurities | |||||||
| Principal receivable | 4,800nct_USGovernmentAgenciesPrincipalReceivable | |||||||||
| Face amount of securities sold | 53,900nct_SaleOfSecuritiesFaceAmount | |||||||||
| Proceeds from sale of securities | 53,400us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 798,580us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 46,536us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 127,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | ||||||
| Gain on sale of securities | 5,700us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet | |||||||||
| Other Than Temporary Impairment Charges in period | 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities | 5,200us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities | 19,300us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities | |||||||
| Reduction for securities transferred to New Residential | 3,800nct_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesTransferred | |||||||||
| OTTI charges for Newcastle owned securities at end of period | 0us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease | 0us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease | 400us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsPeriodIncreaseDecrease | |||||||
| Non-consolidated CDO Securities [Member] | ||||||||||
| Outstanding Face Amount |
113,300us-gaap_InvestmentOwnedBalancePrincipalAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations1Member |
113,300us-gaap_InvestmentOwnedBalancePrincipalAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations1Member |
||||||||
| FNMA/FHLMC Securities [Member] | ||||||||||
| Outstanding Face Amount |
390,771us-gaap_InvestmentOwnedBalancePrincipalAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
390,771us-gaap_InvestmentOwnedBalancePrincipalAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
514,994us-gaap_InvestmentOwnedBalancePrincipalAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
[1] | ||||||
| Face amount of securities sold |
503,000nct_SaleOfSecuritiesFaceAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Average price percentage |
99.10%nct_AveragePricePercentage / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
105.82%nct_AveragePricePercentage / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
||||||||
| Proceeds from sale of securities |
532,200us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Repayments of repurchase agreements |
(516,100)us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Gain on sale of securities |
1,900us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Face amount of securities purchased |
391,900us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Number of securities purchased |
9nct_NumberOfSecuritiesPurchased / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| Proceeds from repurchase financing |
383,400us-gaap_ProceedsFromSecuritiesPurchasedUnderAgreementsToResell / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = us-gaap_USGovernmentAgenciesDebtSecuritiesMember |
|||||||||
| CDO Securities Tranche 1 [Member] | ||||||||||
| Face amount of securities sold |
68,300nct_SaleOfSecuritiesFaceAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations2Member |
|||||||||
| Average price percentage |
105.20%nct_AveragePricePercentage / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations2Member |
|||||||||
| Proceeds from sale of securities |
71,900us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations2Member |
|||||||||
| Gain on sale of securities |
15,000us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations2Member |
|||||||||
| Repayments of CDO bonds payable and other term loan financings |
(71,900)us-gaap_ProceedsFromRepaymentsOfDebt / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations2Member |
|||||||||
| CDO Securities Tranche 2 [Member] | ||||||||||
| Face amount of securities sold |
54,200nct_SaleOfSecuritiesFaceAmount / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations3Member |
|||||||||
| Average price percentage |
93.00%nct_AveragePricePercentage / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations3Member |
|||||||||
| Proceeds from sale of securities |
50,400us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations3Member |
|||||||||
| Gain on sale of securities |
700us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations3Member |
|||||||||
| Repayments of CDO bonds payable and other term loan financings |
$ (50,400)us-gaap_ProceedsFromRepaymentsOfDebt / us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis = nct_CollateralizedDebtObligations3Member |
|||||||||
|
||||||||||
| X | ||||||||||
|
- Definition
The average price at which securities were sold, depicted as a percentage of the original purchase price. No definition available.
|
| X | ||||||||||
|
- Definition
The number of securities purchased. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents reductions in the amount of cumulative losses recognized in earnings for other than temporary impairments (OTTI) for which a portion of the impairment had been recognized in other comprehensive income (a component of shareholders' equity) due to a change in status of the impaired security because of transfer of the security in the spin-off transaction. No definition available.
|
| X | ||||||||||
|
- Definition
Total outstanding face amount of all the company's holdings of fixed rate securities. No definition available.
|
| X | ||||||||||
|
- Definition
Total outstanding face amount of all the company's holdings of floating rate securities. No definition available.
|
| X | ||||||||||
|
- Definition
The stated principal amount of debt securities sold during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of principal receivable related to US Government Agencies debt securities. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For investments which are quantified by principal amount, the principle balance held at close of period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Nominal or face amount on the investment owned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change during the reporting period in the cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash flow from investments sold under the agreement to repurchase such investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow in aggregate debt due to repayments and proceeds from additional borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with agreements to purchase and then resell securities to counterparties (reverse repurchase agreements). No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|