Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Other Debt Segment Investments and Debt (Details 1)

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SEGMENT REPORTING AND VARIABLE INTEREST ENTITIES - Other Debt Segment Investments and Debt (Details 1)
$ in Thousands
Sep. 30, 2015
USD ($)
Segment Reporting Information [Line Items]  
Investments Carrying Value $ 1,295,754
Outstanding Face Amount 972,197
Other Debt [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 1,015,649
Investments Carrying Value 938,424 [1],[2]
Outstanding Face Amount 738,201
Debt Carrying Value 738,201
Subprime Mortgage Loans subject to Call Options [Member] | Non-recourse [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 392,342
Investments Carrying Value 392,342
Outstanding Face Amount 392,342
Debt Carrying Value 392,342
Unlevered Real Estate Securities [Member] | Other [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 37,347 [3]
Investments Carrying Value 12,111 [3]
Outstanding Face Amount 0 [3]
Debt Carrying Value 0 [3]
Levered Real Estate Securities [Member] | Other [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 354,806
Investments Carrying Value 370,342
Outstanding Face Amount 345,859
Debt Carrying Value 345,859
Real Estate Related and Other Loans [Member] | Other [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 230,229
Investments Carrying Value 142,802
Outstanding Face Amount 0
Debt Carrying Value 0
Other Investments [Member] | Other [Member]  
Segment Reporting Information [Line Items]  
Investments Carrying Value 20,258
Outstanding Face Amount 0
Debt Carrying Value 0
Residential Mortgage Loans [Member] | Other [Member]  
Segment Reporting Information [Line Items]  
Outstanding Face Amount 925
Investments Carrying Value 569
Outstanding Face Amount 0
Debt Carrying Value $ 0
[1] (A)Assets held within non-recourse structures, including all of the assets in the CDO segment, are not available to satisfy obligations outside of such financings, except to the extent net cash flow distributions are received from such structures. Furthermore, creditors or beneficial interest holders of these structures generally have no recourse to the general credit of Newcastle. Therefore, the exposure to the economic losses from such structures generally is limited to invested equity in them and economically their book value cannot be less than zero. Therefore, impairment recorded in excess of Newcastle’s investment, which results in negative GAAP book value for a given non-recourse financing structure, cannot economically be incurred and will eventually be reversed through amortization, sales at gains, or as gains at the deconsolidation or termination of such non-recourse financing structure.
[2] (B)The following table summarizes the investments and debt in the other debt segment:
[3] Excludes eight securities with zero value, which had an aggregate face amount of $115.5 million.