|3 Months Ended|
Mar. 31, 2016
|Subsequent Events [Abstract]|
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).
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.