Annual report pursuant to Section 13 and 15(d)

REAL ESTATE SECURITIES (Details Narrative)

v2.4.1.9
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
[1] Amortized cost basis and carrying value include no principal receivable as of December 31, 2014 and principal receivable of $4.8 million as of December 31, 2013.