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COMMITMENTS AND CONTINGENCIES
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3 Months Ended |
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Mar. 31, 2013
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| Commitments And Contingencies | |
| COMMITMENTS AND CONTINGENCIES |
11. COMMITMENTS AND CONTINGENCIES
Litigation — Newcastle is, from time to time, a defendant in legal actions from transactions conducted in the ordinary course of business. Management, after consultation with legal counsel, believes the ultimate liability arising from such actions, individually and in the aggregate, that existed at March 31, 2013, if any, will not materially affect Newcastle’s consolidated results of operations or financial position.
Capital
Commitments — As of March 31, 2013,
Newcastle had outstanding capital commitments related to investments in joint ventures in connection with the acquisition of
Excess MSRs and consumer loans. See Notes 6 and 15, respectively for a description of these commitments.
As
of March 31, 2013, Newcastle had committed to purchase approximately $48.8 million face amount of real estate related loans
for approximately $17.1 million, but had not yet settled this purchase as of March 31, 2013.
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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