Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Holdings in Variable Interest Entities (Details 2)

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SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Holdings in Variable Interest Entities (Details 2) - USD ($)
$ in Thousands
Dec. 31, 2015
Oct. 31, 2015
Dec. 31, 2014
Schedule of Investments [Line Items]      
Real estate securities $ 59,034   $ 231,754
Real estate related and other loans, held-for-sale, net 149,198   230,200
Subprime mortgage loans subject to call option 380,806   406,217
Other investments 20,595   26,788
Restricted cash 4,469   15,714
Receivables and other assets 38,014   35,191
Assets of discontinued operations 0   6,803
Total assets of consolidated VIEs that can only be used to settle obligations of consolidated VIEs 1,467,982   1,761,906
CDO bonds payable 92,933   227,673
Other bonds and notes payable 16,162   27,069
Financing of subprime mortgage loans subject to call option 380,806   406,217
Accounts payable, accrued expenses and other liabilities 83,944   99,712
Liabilities of discontinued operations 0   447
Total Liabilities 1,257,860   1,503,578
Debt Face Amount 971,270 $ 19,400 1,318,167
Non Recourse VIE Financing Structures      
Schedule of Investments [Line Items]      
Real estate securities 46,392   219,490
Real estate related and other loans, held-for-sale, net 0   230,200
Residential mortgage loans, held-for-investment, net - Note 6 0   3,211
Subprime mortgage loans subject to call option 380,806   406,217
Other investments 0   20,308
Restricted cash 128   11,790
Receivables and other assets 77   1,927
Assets of discontinued operations 0   6,803
Total assets of consolidated VIEs that can only be used to settle obligations of consolidated VIEs 427,403   899,946
CDO bonds payable 92,933   227,673
Other bonds and notes payable 4,672   27,069
Financing of subprime mortgage loans subject to call option 380,806   406,217
Accounts payable, accrued expenses and other liabilities 29   2,391
Liabilities of discontinued operations 0   447
Total Liabilities 478,440   $ 663,797
Non Recourse VIE Financing Structures | CDO V      
Schedule of Investments [Line Items]      
Gross Assets 80,062    
Debt 107,113    
Carrying Value of Newcastle's Investment 9,731    
Debt Face Amount $ 44,100