Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Unconsolidated VIE) (Details)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Unconsolidated VIE) (Details) - Variable Interest Entity, Primary Beneficiary
Mar. 31, 2016
USD ($)
CDO V  
Variable Interest Entity [Line Items]  
Gross Assets $ 79,732,000
Debt 106,429,000
Carrying value of Newcastle's investment 9,791,000
CDO VI  
Variable Interest Entity [Line Items]  
Gross Assets 67,431,000
Debt 181,825,000
Carrying value of Newcastle's investment $ 0