Quarterly report pursuant to Section 13 or 15(d)

Schedule of pro forma condensed consolidated balance sheet (Details)

v2.4.0.6
Schedule of pro forma condensed consolidated balance sheet (Details) (USD $)
In Thousands, unless otherwise specified
Apr. 09, 2013
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Dec. 31, 2011
Assets          
Real estate securities, available-for-sale   $ 2,495,473 [1],[2] $ 1,691,575    
Real estate related loans, held-for-sale, net   851,525 843,132    
Residential mortgage loans, held-for-investment, net   317,708 292,461    
Residential mortgage loans, held-for-sale, net   2,380 2,471    
Investments in excess mortgage servicing rights at fair value   236,555 245,036    
Investments in equity method investees at fair value   102,588       
Subprime mortgage loans subject to call option   406,115 405,814    
Investments in real estate, net of accumulated depreciation   168,515 169,473    
Intangibles, net of accumulated amortization   16,218 19,086    
Other investments   24,907 24,907    
Cash and cash equivalents   534,772 231,898 156,425 157,356
Restricted cash   11,494 2,064    
Derivative assets   176 165    
Receivables and other assets   27,577 17,230    
Total Assets   5,196,003 3,945,312    
Liabilities          
CDO bonds payable   1,015,560 1,091,354    
Other bonds and notes payable   173,723 183,390    
Repurchase agreements 144,000 1,473,586 929,435    
Mortgage notes payable   120,525 120,525    
Financing of subprime mortgage loans subject to call option   406,115 405,814    
Junior subordinated notes payable   51,242 51,243    
Derivative liabilities   26,612 31,576    
Dividends Payable   56,596 38,884    
Due to affiliates   4,611 3,620    
Purchase price payable on investments in excess mortgage servicing rights   59 59    
Accrued expenses and other liabilities   17,875 16,352    
Total Liabilities   3,346,504 2,872,252    
Stockholders' Equity          
Preferred stock   61,583 61,583    
Common stock   2,530 1,725    
Additional paid-in capital   2,472,931 1,710,083    
Accumulated deficit   (790,143) (771,095)    
Accumulated other comprehensive income (loss)   102,598 70,764    
Total Equity   1,849,499 1,073,060    
Total Liabilities and Stockholders' Equity   5,196,003 3,945,312    
Newcastle Consolidated Historical
          
Assets          
Real estate securities, available-for-sale   2,495,473 [3]      
Real estate related loans, held-for-sale, net   851,525 [3]      
Residential mortgage loans, held-for-investment, net   317,708 [3]      
Residential mortgage loans, held-for-sale, net   2,380 [3]      
Investments in excess mortgage servicing rights at fair value   236,555 [3]      
Investments in equity method investees at fair value   102,588 [3]      
Subprime mortgage loans subject to call option   406,115 [3]      
Investments in real estate, net of accumulated depreciation   168,515 [3]      
Intangibles, net of accumulated amortization   16,218 [3]      
Other investments   24,907 [3]      
Cash and cash equivalents   534,772 [3]      
Restricted cash   11,494 [3]      
Derivative assets   176 [3]      
Receivables and other assets   27,577 [3]      
Total Assets   5,196,003 [3]      
Liabilities          
CDO bonds payable   1,015,560 [3]      
Other bonds and notes payable   173,723 [3]      
Repurchase agreements   1,473,586 [3]      
Mortgage notes payable   120,525 [3]      
Financing of subprime mortgage loans subject to call option   406,115 [3]      
Junior subordinated notes payable   51,242 [3]      
Derivative liabilities   26,612 [3]      
Dividends Payable   56,596 [3]      
Due to affiliates   4,611 [3]      
Purchase price payable on investments in excess mortgage servicing rights   59 [3]      
Accrued expenses and other liabilities   17,875 [3]      
Total Liabilities   3,346,504 [3]      
Stockholders' Equity          
Preferred stock   61,583 [3]      
Common stock   2,530 [3]      
Additional paid-in capital   2,472,931 [3]      
Accumulated deficit   (790,143) [3]      
Accumulated other comprehensive income (loss)   102,598 [3]      
Total Equity   1,849,499 [3]      
Total Liabilities and Stockholders' Equity   5,196,003 [3]      
Pro Forma Adjustments New Residential
          
Assets          
Real estate securities, available-for-sale   (1,598,868) [4]      
Real estate related loans, held-for-sale, net           
Residential mortgage loans, held-for-investment, net   (35,484) [5]      
Residential mortgage loans, held-for-sale, net           
Investments in excess mortgage servicing rights at fair value   (236,555) [5]      
Investments in equity method investees at fair value   (102,588) [5]      
Subprime mortgage loans subject to call option           
Investments in real estate, net of accumulated depreciation           
Intangibles, net of accumulated amortization           
Other investments           
Cash and cash equivalents           
Restricted cash           
Derivative assets           
Receivables and other assets   (450) [5]      
Total Assets   (1,973,945)      
Liabilities          
CDO bonds payable           
Other bonds and notes payable           
Repurchase agreements   (1,182,212) [6]      
Mortgage notes payable           
Financing of subprime mortgage loans subject to call option           
Junior subordinated notes payable           
Derivative liabilities           
Dividends Payable           
Due to affiliates   (938) [7]      
Purchase price payable on investments in excess mortgage servicing rights   (59) [5]      
Accrued expenses and other liabilities   (2,780) [5]      
Total Liabilities   (1,185,989)      
Stockholders' Equity          
Preferred stock           
Common stock           
Additional paid-in capital           
Accumulated deficit   (756,247) [8]      
Accumulated other comprehensive income (loss)   (31,709) [5]      
Total Equity   (787,956)      
Total Liabilities and Stockholders' Equity   (1,973,945)      
Newcastle Consolidated Pro Forma
          
Assets          
Real estate securities, available-for-sale   896,605      
Real estate related loans, held-for-sale, net   851,525      
Residential mortgage loans, held-for-investment, net   282,224      
Residential mortgage loans, held-for-sale, net   2,380      
Investments in excess mortgage servicing rights at fair value           
Investments in equity method investees at fair value           
Subprime mortgage loans subject to call option   406,115      
Investments in real estate, net of accumulated depreciation   168,515      
Intangibles, net of accumulated amortization   16,218      
Other investments   24,907      
Cash and cash equivalents   534,772 [9]      
Restricted cash   11,494      
Derivative assets   176      
Receivables and other assets   27,127      
Total Assets   3,222,058      
Liabilities          
CDO bonds payable   1,015,560      
Other bonds and notes payable   173,723      
Repurchase agreements   291,374      
Mortgage notes payable   120,525      
Financing of subprime mortgage loans subject to call option   406,115      
Junior subordinated notes payable   51,242      
Derivative liabilities   26,612      
Dividends Payable   56,596      
Due to affiliates   3,673      
Purchase price payable on investments in excess mortgage servicing rights           
Accrued expenses and other liabilities   15,095      
Total Liabilities   2,160,515      
Stockholders' Equity          
Preferred stock   61,583      
Common stock   2,530      
Additional paid-in capital   2,472,931      
Accumulated deficit   (1,546,390)      
Accumulated other comprehensive income (loss)   70,889      
Total Equity   1,061,543      
Total Liabilities and Stockholders' Equity   $ 3,222,058      
[1] (A) See Note 9 regarding the estimation of fair value, which is equal to carrying value for all securities.
[2] (G) The total outstanding face amount of fixed rate securities was $0.5 billion, and of floating rate securities was $2.4 billion.
[3] (A) Represents Newcastle's historical consolidated balance sheet at March 31, 2013.
[4] (B) Represents the fair value of New Residential's real estate securities at March 31, 2013 adjusted to include securities owned by Newcastle at March 31, 2013 and contributed by Newcastle to New Residential subsequent to March 31, 2013.
[5] (C) Represents New Residential's assets, liabilities and accumulated other comprehensive income at March 31, 2013.
[6] (D) Represents New Residential's repurchase agreements at March 31, 2013 adjusted for the additional repurchase agreements to finance the real estate securities described in (B) above.
[7] (E) Represents a reduction of Newcastle's due to affiliates for the allocation of one month of accrued and unpaid management fees from Newcastle to New Residential.
[8] (F) Represents the distribution of New Residential common stock to Newcastle shareholders.
[9] (G) Represents Newcastle's cash and cash equivalents at March 31, 2013. Newcastle will contribute cash to New Residential in connection with the spin-off subsequent to March 31, 2013.