Quarterly report pursuant to Section 13 or 15(d)

Schedule of Excess Mortgage Servicing Rights (MSRs) - Equity Method Investments (Details)

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Schedule of Excess Mortgage Servicing Rights (MSRs) - Equity Method Investments (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 05, 2013
Ownership percentage in equity method investees   30.00%
Weighted Average Yield 3.92% [1]  
Weighted Average Maturity (Years) 4 years 8 months [1],[2]  
MSRs
    
Unpaid Principal Balance 73,322,892  
Amortized Cost Basis 225,308 [3]  
Carrying Value 236,555 [4]  
Weighted Average Yield 17.60%  
Weighted Average Maturity (Years) 5 years 5 months [5]  
Equity Method Investments | MSRs Pool 6
    
Unpaid Principal Balance 11,821,572 [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 42,388 [7]  
Carrying Value 41,453 [8]  
Weighted Average Yield 17.40%  
Weighted Average Maturity (Years) 4 years 11 months [9]  
Equity Method Investments | MSR Pool 6 Recapture Agreement
    
Unpaid Principal Balance    [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 10,954 [7]  
Carrying Value 10,972 [8]  
Weighted Average Yield 17.40%  
Weighted Average Maturity (Years) 10 years 8 months [9]  
Equity Method Investments | MSRs Pool 7
    
Unpaid Principal Balance 37,234,201 [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 109,420 [7]  
Carrying Value 109,048 [8]  
Weighted Average Yield 15.20%  
Weighted Average Maturity (Years) 5 years 1 month [9]  
Equity Method Investments | MSR Pool 7 Recapture Agreement
    
Unpaid Principal Balance    [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 23,296 [7]  
Carrying Value 23,164 [8]  
Weighted Average Yield 15.20%  
Weighted Average Maturity (Years) 12 years [9]  
Equity Method Investments | MSRs Pool 8
    
Unpaid Principal Balance 17,104,429 [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 58,748 [7]  
Carrying Value 57,177 [8]  
Weighted Average Yield 15.00%  
Weighted Average Maturity (Years) 5 years [9]  
Equity Method Investments | MSR Pool 8 Recapture Agreement
    
Unpaid Principal Balance    [6]  
Investee Interest in Excess MSR 66.70%  
Ownership percentage in equity method investees 50.00%  
Amortized Cost Basis 13,312 [7]  
Carrying Value 13,150 [8]  
Weighted Average Yield 15.00%  
Weighted Average Maturity (Years) 11 years 8 months [9]  
Equity Method Investments | MSRs
    
Unpaid Principal Balance 66,160,202 [6]  
Amortized Cost Basis 258,118 [7]  
Carrying Value 254,964 [8]  
Weighted Average Yield 15.60%  
Weighted Average Maturity (Years) 6 years 4 months [9]  
[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] (A) The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[4] (B) Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[5] (C) The weighted average maturity represents the weighted average expected timing of the receipt of cash flows of each investment.
[6] (A) Pool 6 unpaid principal balance is as of March 31, 2013. Pools 7 and 8 unpaid principal balances are as of February 28, 2013.
[7] (B) Represents the amortized cost basis of the equity method investees in which Newcastle holds a 50% interest. The amortized cost basis of the Recapture Agreements is determined based on the relative fair values of the Recapture Agreements and related Excess MSRs at the time they were acquired.
[8] (C) Represents the carrying value of the equity method investees in which Newcastle holds a 50% interest. Carrying value represents the fair value of the pools or Recapture Agreements, as applicable.
[9] (D) The weighted average maturity represents the weighted average expected timing of the receipt of cash flows of each investment.