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SPIN-OFF OF NEW RESIDENTIAL (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
0 Months Ended | 6 Months Ended | 0 Months Ended | |||
|---|---|---|---|---|---|---|
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Apr. 02, 2013
Integer
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Jun. 30, 2013
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Jun. 30, 2012
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May 15, 2013
New Residential Spin-Off
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Apr. 02, 2013
Springleaf Finance, Inc.
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Apr. 02, 2013
Affilate of Blackstone Tactical Opportunities Advisors LLC
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| UPB of Consumer Loans | $ 4,200,000 | |||||
| Number of loans | 400,000 | |||||
| Contributions to equity method investees | 250,000 | 386,502 | ||||
| Ownership percentage in equity method investees | 30.00% | |||||
| Percentage of portfolio co-invested by other parties | 70.00% | 47.00% | 23.00% | |||
| Purchase price of portfolio financed by asset-backed notes | 2,200,000 | |||||
| Purchase price of portfolio | 3,000,000 | |||||
| Reduction in basis for management fee computation | $ 1,200,000 | |||||
| X | ||||||||||
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- Definition
The purchase price of the portfolio of consumer loans. No definition available.
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| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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- Definition
The percentage of the portfolio of consumer loans acquired by co-investors. No definition available.
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| X | ||||||||||
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- Definition
The reduction in Newcastle's basis for management fee computation as a result of the spin-off of New Residential. No definition available.
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| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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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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