Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Narrative)

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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Fair Value Of Financial Instruments Details Narrative    
Notional Balance of two interest rate swap agreements maturing in March 2014 and March 2015 $ 294,203 $ 316,600
Notional balance of one interest rate cap agreement maturing in August 2019 23,400 36,428
Aggregate notional balance of derivative liabilities within Newcastle's nonrecourse CDO structures $ 448,700