Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position and the Associated Intent to Sell (Details 2)

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REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position and the Associated Intent to Sell (Details 2)
$ in Thousands
Jun. 30, 2015
USD ($)
RE Securities No Intent to Sell Credit Impaired [Member]  
Fair Value $ 2,218
Amortized Cost Basis 2,302
Unrealized Credit Losses [1] (3,068)
Unrealized Non-Credit Losses [2] (84)
RE Securities No Intent to Sell Non Credit Impaired [Member]  
Fair Value 364
Amortized Cost Basis 365
Unrealized Non-Credit Losses [2] (1)
Securities in an Unrealized Loss Position [Member]  
Fair Value 2,582
Amortized Cost Basis 2,667
Unrealized Credit Losses [1] (3,068)
Unrealized Non-Credit Losses [2] $ (85)
[1] This amount is required to be recorded as other-than-temporary impairment through earnings. In measuring the portion of credit losses, Newcastle's management estimates the expected cash flows for each of the securities. This evaluation includes a review of the credit status and the performance of the collateral supporting those securities, including the credit of the issuer, key terms of the securities and the effect of local, industry and broader economic trends. Significant inputs in estimating the cash flows include management's expectations of prepayment speeds, default rates and loss severities. Credit losses are measured as the decline in the present value of the expected future cash flows discounted at the investment's effective interest rate.
[2] This amount represents unrealized losses on securities that are due to non-credit factors and is required to be recorded through other comprehensive income.