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DEBT OBLIGATIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Mar. 31, 2014
|
Dec. 31, 2013
|
Mar. 31, 2014
Bank of America [Member]
|
Mar. 31, 2014
Credit Suisse [Member]
|
Mar. 31, 2014
Subsequent To Balance Sheet Date [Member]
|
Mar. 31, 2014
Upper Range
|
Mar. 31, 2014
Interest rate swaps, not designated as hedges [Member]
|
Dec. 31, 2013
Interest rate swaps, not designated as hedges [Member]
|
Mar. 31, 2014
CDO VI Bonds Payable [Member]
Interest rate swaps, not designated as hedges [Member]
|
Mar. 31, 2014
Fixed Rate Managed Properties - Tranche 1 [Member]
|
Mar. 31, 2014
Fixed Rate Managed Properties - Tranche 1 [Member]
|
Mar. 31, 2014
Golf First Lien Loan [Member]
|
Mar. 31, 2014
Subprime Mortgage Loans Subject to Call [Member]
|
Jun. 30, 2013
CDO VIII Bonds Payable [Member]
|
Mar. 31, 2014
CDO VIII Bonds Payable [Member]
|
Mar. 31, 2014
Total Golf Credit Facilities [Member]
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| Notional Amount of Derivatives | $ 183,729 | $ 185,871 | $ 88,800 | ||||||||||||||||||||
| Eliminated in consolidation amount of notes payable relating to MH Loan Portfolio I sold to certain Newcastle CDOs | 20,500 | ||||||||||||||||||||||
| Interest Payable | 100 | ||||||||||||||||||||||
| Repurchase agreements | 49,500 | 25,400 | 74,900 | ||||||||||||||||||||
| LIBOR Floor | 0.50% | ||||||||||||||||||||||
| Variable rate description | 4% the first two years; 5.99% to 6.76% the remaining term | First two years based on US Treasury Security rates; Years 3 to 5: 4.5%, 4.75% and 5.0% | LIBOR+2.25% after April 2016 | one-month LIBOR | |||||||||||||||||||
| Borrowings under mortgage notes payable | 17,250 | 41,200 | 11,400 | ||||||||||||||||||||
| Unused borrowing capacity | 7,500 | ||||||||||||||||||||||
| Purchase of securities - face amount | 116,800 | ||||||||||||||||||||||
| Purchase of securities - pay amount | 103,100 | ||||||||||||||||||||||
| Percentage of par of securities | 88.30% | ||||||||||||||||||||||
| Repurchase agreements | 74,863 | 556,347 | 60,000 | ||||||||||||||||||||
| Variable interest rate basis description | 4% the first two years; 5.99% to 6.76% the remaining term | First two years based on US Treasury Security rates; Years 3 to 5: 4.5%, 4.75% and 5.0% | LIBOR+2.25% after April 2016 | one-month LIBOR | |||||||||||||||||||
| Variable Interest Rate Spread | 4.00% | [1],[2],[3] | 1.50% | ||||||||||||||||||||
| Debt default market capitalization threshold | 50.00% | ||||||||||||||||||||||
| Decrease in carrying value of CDO VIII Repack | $ 9,700 | ||||||||||||||||||||||
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