Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)

v3.5.0.2
TRANSACTIONS WITH AFFILIATES AND AFFILIATED ENTITIES (Details Narrative)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2010
USD ($)
security
Jun. 30, 2016
USD ($)
contract
shares
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
contract
shares
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Jul. 31, 2006
Related Party Transaction [Line Items]              
Lease term       1 year      
Management fee earned       12 months      
Manager advisory fee   1.50%   1.50%      
Incentive compensation percentage   25.00%   25.00%      
Simple interest rate in incentive calculation   10.00%   10.00%      
Shares held by fortress and affiliates in newcastle (in shares) | shares   1,000,000   1,000,000      
Stock options outstanding (in shares) | shares   5,421,894   5,421,894      
Due to affiliates   $ 892   $ 892   $ 892  
Total securitized loans (unpaid principal balance)   632,619   632,619      
Investments in and advances to affiliates, at fair value, gross additions $ 75,000            
Expected yield 22.50%            
Real estate securities, available-for-sale   12,988   12,988   $ 59,034  
Interest income   $ 20,421 $ 24,265 $ 41,460 $ 51,343    
CDO              
Related Party Transaction [Line Items]              
Number of Securities (in contracts) 2 2   2      
Real estate securities, available-for-sale   $ 9,910   $ 9,910      
Subprime Portfolio I              
Related Party Transaction [Line Items]              
Servicing fee percentage             0.50%
Total securitized loans (unpaid principal balance)   257,228   257,228      
Subprime Portfolio II              
Related Party Transaction [Line Items]              
Total securitized loans (unpaid principal balance)   $ 375,391   $ 375,391      
Affiliated Entity              
Related Party Transaction [Line Items]              
Stock options outstanding (in shares) | shares   5,100,000   5,100,000      
Real estate securities, available-for-sale   $ 158,500   $ 158,500      
Interest income   $ 8,500 $ 6,300 $ 16,600 $ 10,800