Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.4.0.3
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
 
These Consolidated Financial Statements include a discussion of material events, if any, that have occurred subsequent to March 31, 2016 through the issuance of these Consolidated Financial Statements.

In April 2016, Newcastle settled on a trade to sell $347.5 million face amount of agency FNMA/FHLMC fixed-rate securities at an average price of 104.9% of par for total proceeds of $364.3 million and repaid $352.0 million of repurchase agreements associated with these securities (see Note 5).

In April 2016, Newcastle settled on a trade to purchase $363.1 million face amount of agency FNMA/FHLMC fixed-rate securities at an average price of 105.0% of par for total proceeds of $381.1 million. This transaction was financed with $366.4 million of repurchase agreements (see Note 5).

In April 2016, Newcastle sold a mezzanine loan with a face amount of $19.4 million at par. Newcastle subsequently repaid $11.7 million of notes payable that was collateralized by the loan.

On May 10, 2016, the option on the repurchase agreement on the Golf loans was exercised to extend the maturity to June 30, 2016 (see Note 10).