Quarterly report pursuant to Section 13 or 15(d)

Schedule of Real Estate Loans and Other Receivables (Details)

v2.4.0.6
Schedule of Real Estate Loans and Other Receivables (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Integer
Number of Investments 275 [1]
Weighted Average Yield 3.92% [1]
Weighted Average Coupon 2.84% [1]
Weighted Average Maturity (Years) 4 years 8 months [1],[2]
Total Real Estate Related Loans Held for Sale
  
Outstanding Face Amount 1,251,678 [3]
Carrying Value 851,525 [3],[4]
Number of Investments 31 [3]
Weighted Average Yield 11.56%
Weighted Average Coupon 7.42%
Weighted Average Maturity (Years) 1 year 7 months [5]
Floating Rate Loans as a % of Face Amount 67.40%
Delinquent Face Amount 12,000 [6]
Total Residential Mortgage Loans Held For Sale
  
Outstanding Face Amount 3,451 [7]
Carrying Value 2,380 [4],[7]
Number of Investments 126 [7]
Weighted Average Yield 18.86% [7]
Weighted Average Coupon 9.66% [7]
Weighted Average Maturity (Years) 4 years 8 months [5],[7]
Floating Rate Loans as a % of Face Amount 7.90% [7]
Delinquent Face Amount 263 [6],[7]
Total Residential Mortgage Loans Held For Investment
  
Outstanding Face Amount 374,264
Carrying Value 317,708 [4]
Number of Investments 8,800
Weighted Average Yield 8.58%
Weighted Average Coupon 7.58%
Weighted Average Maturity (Years) 5 years 7 months [5]
Floating Rate Loans as a % of Face Amount 24.60%
Delinquent Face Amount 10,532 [6]
Mezzanine Loans
  
Outstanding Face Amount 518,307
Carrying Value 432,432 [4]
Number of Investments 17
Weighted Average Yield 9.05%
Weighted Average Coupon 8.96%
Weighted Average Maturity (Years) 1 year 6 months [5]
Floating Rate Loans as a % of Face Amount 66.60%
Delinquent Face Amount 12,000 [6]
Corporate Bank Loans
  
Outstanding Face Amount 582,474
Carrying Value 277,831 [4]
Number of Investments 7
Weighted Average Yield 16.65%
Weighted Average Coupon 6.70%
Weighted Average Maturity (Years) 1 year 10 months [5]
Floating Rate Loans as a % of Face Amount 63.80%
Delinquent Face Amount    [6]
B-Notes
  
Outstanding Face Amount 120,872
Carrying Value 111,237 [4]
Number of Investments 5
Weighted Average Yield 10.42%
Weighted Average Coupon 5.14%
Weighted Average Maturity (Years) 1 year 1 month [5]
Floating Rate Loans as a % of Face Amount 81.00%
Delinquent Face Amount    [6]
Whole Loans
  
Outstanding Face Amount 30,025
Carrying Value 30,025 [4]
Number of Investments 2
Weighted Average Yield 4.82%
Weighted Average Coupon 3.80%
Weighted Average Maturity (Years) 0 years 11 months [5]
Floating Rate Loans as a % of Face Amount 97.00%
Delinquent Face Amount    [6]
Non-Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 569
Carrying Value 153 [4]
Number of Investments 15
Weighted Average Yield 68.24%
Weighted Average Coupon 7.76%
Weighted Average Maturity (Years) 0 years 11 months [5]
Floating Rate Loans as a % of Face Amount 0.00%
Delinquent Face Amount 56 [6]
Non-Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 2,882
Carrying Value 2,227 [4]
Number of Investments 111
Weighted Average Yield 15.47%
Weighted Average Coupon 10.04%
Weighted Average Maturity (Years) 5 years 5 months [5]
Floating Rate Loans as a % of Face Amount 9.50%
Delinquent Face Amount 207 [6]
Securitized Manufacturing Housing Loan Portfolio I
  
Outstanding Face Amount 114,355 [7],[8]
Carrying Value 96,752 [4],[7],[8]
Number of Investments 3,073 [7],[8]
Weighted Average Yield 9.45% [7],[8]
Weighted Average Coupon 8.63% [7],[8]
Weighted Average Maturity (Years) 6 years 4 months [5],[7],[8]
Floating Rate Loans as a % of Face Amount 0.70% [7],[8]
Delinquent Face Amount 1,055 [6],[7],[8]
Securitized Manufacturing Housing Loan Portfolio II
  
Outstanding Face Amount 146,865 [7],[8]
Carrying Value 144,274 [4],[7],[8]
Number of Investments 5,205 [7],[8]
Weighted Average Yield 7.54% [7],[8]
Weighted Average Coupon 9.64% [7],[8]
Weighted Average Maturity (Years) 5 years 6 months [5],[7],[8]
Floating Rate Loans as a % of Face Amount 16.60% [7],[8]
Delinquent Face Amount 2,489 [6],[7],[8]
Residential Loans
  
Outstanding Face Amount 54,458 [7],[8]
Carrying Value 41,198 [4],[7],[8]
Number of Investments 191 [7],[8]
Weighted Average Yield 7.40% [7],[8]
Weighted Average Coupon 2.44% [7],[8]
Weighted Average Maturity (Years) 6 years [5],[7],[8]
Floating Rate Loans as a % of Face Amount 100.00% [7],[8]
Delinquent Face Amount 6,988 [6],[7],[8]
Reverse Mortgage Loans
  
Outstanding Face Amount 58,586 [9]
Carrying Value 35,484 [4],[9]
Number of Investments 331 [9]
Weighted Average Yield 11.81% [9]
Weighted Average Coupon 5.15% [9]
Weighted Average Maturity (Years) 3 years 11 months [5],[9]
Floating Rate Loans as a % of Face Amount 21.00% [9]
Subprime Mortgage Loans Subject to Call
  
Outstanding Face Amount 406,217
Carrying Value 406,115 [4]
[1] (G) The total outstanding face amount of fixed rate securities was $0.5 billion, and of floating rate securities was $2.4 billion.
[2] (C) The weighted average maturity is based on the timing of expected principal reduction on the assets.
[3] (1) Based on the final extended maturity date of each loan investment as of March 31, 2013.
[4] (A) Carrying value includes interest receivable of $0.1 million for the residential housing loans and principal and interest receivable of $5.2 million for the manufactured housing loans.
[5] (B) The weighted average maturity is based on the timing of expected principal reduction on the assets.
[6] (C) Includes loans that are 60 days or more past due (including loans that are in foreclosure and borrower's in bankruptcy) or considered real estate owned ("REO"). As of March 31, 2013, $139.2 million and face amount of real estate related loans was on non-accrual status.
[7] (D) Loans acquired at a discount for credit quality.
[8] (E) The following is an aging analysis of past due residential loans held-for-investment as of March 31, 2013 (See Table Aging Schedule of Past Due Residential Loans Held For Investment). Newcastle's management monitors the credit quality of the Manufactured Housing Loan Portfolios I and II primarily by using the aging analysis, current trends in delinquencies and the actual loss incurrence rate.
[9] (F) Represents a portfolio of reverse mortgage loans acquired in February 2013. 80% of these loans have reached a termination event. As a result, the borrower can no longer make draws on these loans. Collateral information as of December 31, 2012.