Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Liabilities of VIE) (Details)

v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Liabilities of VIE) (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Newcastle    
CDO bonds payable $ 0 $ 92,933
Other bonds and notes payable 0 16,162
Financing of subprime mortgage loans subject to call option 353,347 380,806
Accounts payable, accrued expenses and other liabilities 77,292 88,939
Total Liabilities 2,179,291 1,257,860
Variable Interest Entity, Primary Beneficiary    
Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Newcastle    
CDO bonds payable 0 92,933
Other bonds and notes payable 0 4,672
Financing of subprime mortgage loans subject to call option 353,347 380,806
Accounts payable, accrued expenses and other liabilities 0 29
Total Liabilities $ 353,347 $ 478,440