Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Details Narrative)

v3.3.0.814
DEBT OBLIGATIONS (Details Narrative) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Aug. 04, 2015
Oct. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
May. 31, 2015
Mar. 31, 2015
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Debt Instrument [Line Items]                      
Face amount of securities sold         $ 3,900            
Average price percentage - sold         24.11%            
Available-for-sale Securities, Gross Realized Gain (Loss)         $ 800            
Repayments of debt obligations                 $ (1,485,065) $ (819,980)  
Deferred financing costs     $ 400       $ 400   400   $ 400
Outstanding Face Amount     972,197       972,197   972,197    
Payments to Acquire Available-for-sale Securities                 1,039,220 0  
Gain (loss) on extinguishment of debt, net $ 15,400           14,878 $ 0 15,367 (3,410)  
Proceeds from sale of investments         $ 900       $ 1,061,499 $ 798,122  
Repayments of Debt 71,300                    
Repayments of Debt, Non-cash Financing 70,000                    
Junior Subordinated Notes Payable [Member]                      
Debt Instrument [Line Items]                      
Derivative, Type of Interest Rate Paid on Swap                 LIBOR    
Variable interest rate spread                 2.25%    
Outstanding Face Amount     51,004       51,004   $ 51,004    
Golf First Lien Loan [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount $ 51,400                    
Average price percentage - purchases 90.00%                    
Payments to Acquire Other Investments $ 46,300                    
Golf Second Lien Loan [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount $ 105,600                    
Average price percentage - purchases 90.00%                    
Payments to Acquire Other Investments $ 95,000                    
CDO Securities Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Interest Payable     $ 300       $ 300   $ 300    
Face amount of securities sold       $ 380,400   $ 380,400          
Average price percentage - sold       103.13%   104.72%          
Available-for-sale Securities, Gross Realized Gain (Loss)       $ (5,900)   $ 5,900          
Investment Owned, Face Amount           389,100          
Proceeds from Securities Purchased under Agreements to Resell           $ 386,100          
Debt Instrument, Interest Rate, Stated Percentage     0.37%       0.37%   0.37%    
Repayments of repurchase agreements       375,700              
Proceeds from sale of investments       392,300              
Margin exposure     $ 415,900       $ 415,900   $ 415,900    
Total Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount [1]     415,859       415,859   415,859    
Capital Lease Equipment [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount     11,803       11,803   $ 11,803    
Capital Lease Equipment [Member] | Lower Range                      
Debt Instrument [Line Items]                      
Debt Instrument, Term                 48 months    
Capital Lease Equipment [Member] | Upper Range                      
Debt Instrument [Line Items]                      
Debt Instrument, Term                 66 months    
CDO VIII Bonds Payable [Member]                      
Debt Instrument [Line Items]                      
Repayments of debt obligations             (60,300)        
Repayments of repurchase agreements             13,300        
Outstanding Face Amount       $ 11,500              
Average price percentage - purchases       95.50%              
Repurchase of bonds       $ 11,000              
Extinguishment of Debt, Amount       11,500              
Gain (loss) on extinguishment of debt, net       $ 500              
CDO IX Bonds Payable [Member]                      
Debt Instrument [Line Items]                      
Repayments of debt obligations             (51,400)        
Repayments of repurchase agreements             22,300        
Nomura [Member] | Total Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount     196,900       196,900   $ 196,900    
Morgan Stanley [Member] | Total Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount     98,800       98,800   98,800    
Citi [Member] | Total Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount     50,200       50,200   50,200    
Credit Suisse [Member] | Total Repurchase Agreements [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount     70,000       70,000   70,000    
Agency RMBS 3 [Member]                      
Debt Instrument [Line Items]                      
Available-for-sale Securities, Gross Realized Gain (Loss)     5,100                
Investment Owned, Face Amount     348,900       $ 348,900   $ 348,900    
Repayments of repurchase agreements     $ 345,900                
Average price percentage - purchases     104.32%                
Payments to Acquire Available-for-sale Securities     $ 364,000                
Subsequent Event [Member]                      
Debt Instrument [Line Items]                      
Outstanding Face Amount   $ 19,400                  
Subsequent Event [Member] | Agency RMBS 3 [Member]                      
Debt Instrument [Line Items]                      
Available-for-sale Securities, Gross Realized Gain (Loss)   5,100                  
Investment Owned, Face Amount   348,900                  
Repayments of repurchase agreements   $ 345,900                  
Average price percentage - purchases   104.32%                  
Payments to Acquire Available-for-sale Securities   $ 364,000                  
[1] These repurchase agreements had $0.3 million of accrued interest payable at September 30, 2015. The counterparties on these repurchase agreements are Nomura ($196.9 million), Morgan Stanley ($98.8 million), Citi ($50.2 million) and Credit Suisse ($70.0 million). Newcastle has margin exposures on a total of $415.9 million repurchase agreements related to the financing of FNMA/FHLMC securities and Golf loans. To the extent that the value of the collateral underlying these repurchase agreements declines, Newcastle may be required to post margin, which could significantly impact its liquidity. $345.9 million of repurchase agreements were repaid in October 2015 as part of the sale of the FNMA/FHLMC securities.