Quarterly report pursuant to Section 13 or 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 1 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Total outstanding face amount of fixed rate securities $ 600,000nct_OutstandingFaceFixedRateSecurities   $ 600,000nct_OutstandingFaceFixedRateSecurities
Total outstanding face amount of floating rate securities 100,000nct_OutstandingFaceFloatingRateSecurities   100,000nct_OutstandingFaceFloatingRateSecurities
Average price percentage 104.77%nct_AveragePricePercentage    
Proceeds from sale of securities 398,395us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 532,236us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities  
Purchase of real estate securities (407,627)us-gaap_PaymentsToAcquireAvailableForSaleSecurities    
Other than temporary impairment - other comprehensive income 200us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent    
Non-consolidated CDO Securities [Member]      
Outstanding Face Amount 113,800us-gaap_InvestmentOwnedBalancePrincipalAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= nct_CollateralizedDebtObligations1Member
  113,800us-gaap_InvestmentOwnedBalancePrincipalAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= nct_CollateralizedDebtObligations1Member
FNMA/FHLMC Securities [Member]      
Outstanding Face Amount 389,056us-gaap_InvestmentOwnedBalancePrincipalAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
  389,056us-gaap_InvestmentOwnedBalancePrincipalAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Face amount of securities sold     380,400nct_SaleOfSecuritiesFaceAmount
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Average price percentage     104.72%nct_AveragePricePercentage
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Proceeds from sale of securities     398,400us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Repayments of repurchase agreements     385,600us-gaap_ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Gain on sale of securities     5,900us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Face amount of securities purchased 389,100us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
  389,100us-gaap_InvestmentOwnedUnderlyingFaceAmountAtMarketValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Purchase of real estate securities     407,600us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Proceeds from repurchase financing     $ 386,100us-gaap_ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USGovernmentAgenciesDebtSecuritiesMember