Annual report pursuant to Section 13 and 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)

v3.3.1.900
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Apr. 30, 2010
USD ($)
Secutiy
Dec. 31, 2015
USD ($)
Secutiy
$ / shares
shares
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
shares
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
Secutiy
$ / shares
shares
Dec. 31, 2014
USD ($)
shares
Dec. 31, 2013
USD ($)
Related Party Transaction [Line Items]                        
Lease term                   1 year    
Management Fee Earned                   12 months    
Manager Advisory Fee   1.50%               1.50%    
Incentive compensation percentage | $ / shares   $ 0.25               $ 0.25    
Simple interest rate in incentive calculation   10.00%               10.00%    
Shares held by Fortress and affiliates in Newcastle | shares   1,000,000               1,000,000    
Stock Options outstanding (in shares) | shares   5,421,561       5,500,599       5,421,561 5,500,599  
Management Fees                   $ 10,200 $ 20,500 $ 27,600
Loan unpaid principal balance   $ 664,783               664,783    
Cash investments made in affiliates or related companies $ 75,000                      
Expected yield 22.00%                      
Real estate securities   59,034       $ 231,754       59,034 231,754  
Interest income   $ 21,538 $ 23,010 $ 24,265 $ 27,078 $ 23,738 $ 27,544 $ 29,893 $ 46,452 $ 95,891 127,627 213,712
Subprime Portfolio I                        
Related Party Transaction [Line Items]                        
Servicing fee percentage   0.50%               0.50%    
Loan unpaid principal balance   $ 274,956               $ 274,956    
Subprime Portfolio II                        
Related Party Transaction [Line Items]                        
Servicing fee percentage   0.50%               0.50%    
Loan unpaid principal balance   $ 389,827               $ 389,827    
Affiliates                        
Related Party Transaction [Line Items]                        
Stock Options outstanding (in shares) | shares   5,100,000               5,100,000    
Real estate securities   $ 141,900               $ 141,900    
Interest income                   25,800 20,000 $ 36,500
Principal of Manager                        
Related Party Transaction [Line Items]                        
Management Fees                   $ 900 $ 1,100  
CDO                        
Related Party Transaction [Line Items]                        
Number of Securities | Secutiy 2 2               2    
Real estate securities   $ 9,731               $ 9,731