Quarterly report pursuant to Section 13 or 15(d)

Schedule of Holdings in Variable Interest Entities (Details)

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Schedule of Holdings in Variable Interest Entities (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Newcastle CDO V  
Gross Assets $ 225,628 [1]
Debt 241,263 [2]
Carrying Value of Newcastle's Investment $ 5,254 [3]
[1] (A) Face amount.
[2] (B) Includes $42.2 million face amount of debt owned by Newcastle with a carrying value of $5.2 million at March 31, 2013.
[3] (C) This amount represents Newcastle's maximum exposure to loss from this entity, which was the fair value at March 31, 2013, related to $17.8 million face amount of CDO V Class I, III and IV-FL notes.