FAIR VALUE - Loan Valuation (Details 5) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||
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Mar. 31, 2015
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Mezzanine Loans [Member] | ||||||
Carrying value |
$ 65,862us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember |
[1] | ||||
Fair Value |
66,956us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember |
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Discount Rate |
8.60%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember |
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Loss Severity |
27.90%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember |
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Mezzanine Loans [Member] | Lower Range | ||||||
Discount Rate |
5.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Loss Severity |
0.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Mezzanine Loans [Member] | Upper Range | ||||||
Discount Rate |
20.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember / us-gaap_RangeAxis = us-gaap_MaximumMember |
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Loss Severity |
100.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_MezzanineLoansMember / us-gaap_RangeAxis = us-gaap_MaximumMember |
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Corporate Bank Loans [Member] | ||||||
Carrying value |
112,459us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember |
[1] | ||||
Fair Value |
127,936us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember |
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Discount Rate |
22.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember |
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Loss Severity |
25.70%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember |
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Corporate Bank Loans [Member] | Lower Range | ||||||
Discount Rate |
15.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Loss Severity |
0.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Corporate Bank Loans [Member] | Upper Range | ||||||
Discount Rate |
29.30%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember / us-gaap_RangeAxis = us-gaap_MaximumMember |
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Loss Severity |
100.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_BankLoanObligationsMember / us-gaap_RangeAxis = us-gaap_MaximumMember |
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B-Notes [Member] | ||||||
Carrying value |
18,891us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_NotesReceivableMember |
[1] | ||||
Fair Value |
18,891us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_NotesReceivableMember |
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Discount Rate |
12.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_NotesReceivableMember |
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Loss Severity |
0.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = us-gaap_NotesReceivableMember |
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Whole Loans [Member] | ||||||
Carrying value |
39us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_WholeLoansMember |
[1] | ||||
Fair Value |
39us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_WholeLoansMember |
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Discount Rate |
7.50%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_WholeLoansMember |
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Loss Severity |
0.00%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_WholeLoansMember |
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Total Real Estate Related and Other Loans Held-for-Sale, Net [Member] | ||||||
Carrying value |
197,251us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_RealEstateRelatedAndOtherLoansHeldForSaleMember |
[1] | ||||
Fair Value |
213,822us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_RealEstateRelatedAndOtherLoansHeldForSaleMember |
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Residential Loans [Member] | ||||||
Carrying value |
3,735us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
[1],[2] | ||||
Fair Value |
3,889us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
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Discount Rate |
13.00%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
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Loss Severity |
4.90%us-gaap_FairValueInputsLossSeverity / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
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Prepayment Speed |
0.20%us-gaap_FairValueInputsPrepaymentRate / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
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Constant Default Rate |
18.20%us-gaap_FairValueInputsProbabilityOfDefault / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialLoansMember |
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Total Residential Mortgage Loans Held-For-Sale [Member] | ||||||
Carrying value |
3,735us-gaap_LoansAndLeasesReceivableNetReportedAmount / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialMortgageLoansHeldForSaleMember |
[1] | ||||
Fair Value |
$ 3,889us-gaap_LoansReceivableFairValueDisclosure / us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis = nct_ResidentialMortgageLoansHeldForSaleMember |
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- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Loss, including interest and principal, incurred on a defaulted security, expressed as a percentage of the original principal balance, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Rate at which loans or a loan portfolio are expected to prepay principal balances, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Percentage of likelihood a loan will not be repaid and instead default, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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