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RECENT ACTIVITIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | 3 Months Ended | |||
|---|---|---|---|---|---|
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Mar. 05, 2013
Integer
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Mar. 31, 2013
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Mar. 31, 2012
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Apr. 09, 2013
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Dec. 31, 2012
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| UPB of Consumer Loans | $ 4,200,000 | ||||
| Number of loans | 400,000 | ||||
| Contributions to equity method investees | 250,000 | 109,588 | |||
| Ownership percentage in equity method investees | 30.00% | ||||
| Percentage of portfolio co-invested by other parties | 70.00% | ||||
| Purchase price of portfolio financed by asset-backed notes | 2,200,000 | ||||
| Purchase price of portfolio | 3,000,000 | ||||
| Repurchase agreements | $ 1,473,586 | $ 144,000 | $ 929,435 | ||
| Interest rate for repurchase agreements | one-month LIBOR plus 200 bps | ||||
| Weighted-average advance rate | 70.00% | ||||
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Springleaf Finance, Inc.
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| Percentage of portfolio co-invested by other parties | 47.00% | ||||
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Affilate of Blackstone Tactical Opportunities Advisors LLC
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| Percentage of portfolio co-invested by other parties | 23.00% | ||||
| X | ||||||||||
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- Definition
The purchase price of the portfolio of consumer loans. No definition available.
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- Definition
The amount of the purchase price of the portfolio of consumer loans financed via the issuance of asset-backed notes. No definition available.
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- Definition
Interest rate associated with repurchase agreements issued to finance purchase of non-Agency RMBS. No definition available.
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- Definition
The number of personal unsecured loans and personal homeowner loans included within the portfolio co-invested in by Newcastle. No definition available.
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- Definition
The percentage of the portfolio of consumer loans acquired by co-investors. No definition available.
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- Definition
The unpaid principal balance of the portfolio of consumer loans, as of December 31, 2012, which Newcastle coinvested in. No definition available.
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- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The carrying value as of the balance sheet date of securities that an institution sells and agrees to repurchase (the identical or substantially the same securities) as a seller-borrower at a specified date for a specified price, also known as a repurchase agreement, or repo. Most repos involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit, are sometimes used in repos. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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