Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Mortgage Loans (Details 5)

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REAL ESTATE RELATED LOANS, RESIDENTIAL MORTGAGE LOANS AND SUBPRIME MORTGAGE LOANS - Subprime Mortgage Loans (Details 5) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Total securitized loans (unpaid principal balance) $ 802,858 [1]  
Subprime mortgage loans subject to call option 406,217 406,217
Retained interests (fair value) 3,057 [2]  
Subprime Portfolio I [Member]
    
Total securitized loans (unpaid principal balance) 334,758 [1]  
Subprime mortgage loans subject to call option 299,176  
Retained interests (fair value) 3,057 [2]  
Subprime Portfolio II [Member]
    
Total securitized loans (unpaid principal balance) 468,100 [1]  
Subprime mortgage loans subject to call option $ 107,041  
[1] Average loan seasoning of 110 months and 92 months for Subprime Portfolios I and II, respectively, at September 30, 2014.
[2] The retained interests include retained bonds of the securitizations with negligible monthly interest cash flow until principal payment is available. The fair value of which is estimated based on pricing service quotation. Newcastle's retained interests were written off in 2010. The weighted average yield of the retained bonds was 22.40% as of September 30, 2014.