Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE SECURITIES - Real Estate Securities Holdings (Details)

v3.3.0.814
REAL ESTATE SECURITIES - Real Estate Securities Holdings (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
USD ($)
contract
Dec. 31, 2014
USD ($)
Schedule of Available-for-sale Securities [Line Items]    
After Impairment - Amortized Cost Basis [1] $ 0  
Carrying Value 61,508 $ 231,754
Total Securities Pledged as Collateral [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount [2] 354,806  
Before Impairment - Amortized Cost Basis [2] 370,472  
Other Than Temporary Impairment - Amortized Cost Basis [2] 0  
After Impairment - Amortized Cost Basis [2] 370,472  
Gains - gross unrealized [2] 0  
Losses - gross unrealized [2] (130)  
Carrying Value [2],[3] $ 370,342  
Number of Securities | contract 2  
Real Estate Securities Available For Sale [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Before Impairment - Amortized Cost Basis $ 111,362  
Other Than Temporary Impairment - Amortized Cost Basis (83,773)  
After Impairment - Amortized Cost Basis 27,589  
Gains - gross unrealized 34,021  
Losses - gross unrealized (102)  
Carrying Value [3] $ 61,508  
Number of Securities | contract 30  
CMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 70,284  
Before Impairment - Amortized Cost Basis 80,167  
Other Than Temporary Impairment - Amortized Cost Basis (55,372)  
After Impairment - Amortized Cost Basis 24,795  
Gains - gross unrealized 17,802  
Losses - gross unrealized (35)  
Carrying Value [3] $ 42,562  
Number of Securities | contract 16  
Weighted Average Rating [2] B  
Weighted Average Coupon 5.00%  
Weighted Average Yield 20.57%  
Weighted Average Life (Years) [4] 1 year 7 months 6 days  
Weighted Average Principal Subordination [5] 25.90%  
Non-Agency RMBS [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 16,688  
Before Impairment - Amortized Cost Basis 23,461  
Other Than Temporary Impairment - Amortized Cost Basis (20,667)  
After Impairment - Amortized Cost Basis 2,794  
Gains - gross unrealized 7,036  
Losses - gross unrealized (67)  
Carrying Value [3] $ 9,763  
Number of Securities | contract 9  
Weighted Average Rating [2] CC  
Weighted Average Coupon 1.59%  
Weighted Average Yield 11.32%  
Weighted Average Life (Years) [4] 11 years 6 days  
Weighted Average Principal Subordination [5] 9.10%  
ABS-Franchise [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 8,464  
Before Impairment - Amortized Cost Basis 7,647  
Other Than Temporary Impairment - Amortized Cost Basis (7,647)  
After Impairment - Amortized Cost Basis 0  
Gains - gross unrealized 0  
Losses - gross unrealized 0  
Carrying Value [3] $ 0  
Number of Securities | contract 1  
Weighted Average Rating [2] C  
Weighted Average Coupon 6.69%  
Weighted Average Yield 0.00%  
Weighted Average Principal Subordination [5] 0.00%  
CDO Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount [1] $ 14,575  
Before Impairment - Amortized Cost Basis [1] 0  
Other Than Temporary Impairment - Amortized Cost Basis [1] 0  
After Impairment - Amortized Cost Basis [1] 0  
Gains - gross unrealized [1] 9,183  
Losses - gross unrealized [1] 0  
Carrying Value [1],[3],[6] $ 9,183  
Number of Securities | contract 2  
Weighted Average Rating [1],[2] C  
Weighted Average Coupon [1] 1.53%  
Weighted Average Yield [1] 0.00%  
Weighted Average Life (Years) [1],[4] 8 years 1 month 6 days  
Weighted Average Principal Subordination [1],[5] 24.20%  
Debt Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount [2] $ 110,011  
Before Impairment - Amortized Cost Basis [2] 111,275  
Other Than Temporary Impairment - Amortized Cost Basis [2] (83,686)  
After Impairment - Amortized Cost Basis [2] 27,589  
Gains - gross unrealized [2] 34,021  
Losses - gross unrealized [2] (102)  
Carrying Value [2],[3] $ 61,508  
Number of Securities | contract 28  
Weighted Average Rating [2] CCC+  
Weighted Average Coupon [2] 4.15%  
Weighted Average Yield [2] 19.64%  
Weighted Average Life (Years) [2],[4] 3 years 9 months 6 days  
Equity Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Before Impairment - Amortized Cost Basis $ 87  
Other Than Temporary Impairment - Amortized Cost Basis (87)  
After Impairment - Amortized Cost Basis 0  
Gains - gross unrealized 0  
Losses - gross unrealized 0  
Carrying Value [3] $ 0  
Number of Securities | contract 2  
FNMA/FHLMC Securities [Member]    
Schedule of Available-for-sale Securities [Line Items]    
Outstanding Face Amount $ 354,806  
Before Impairment - Amortized Cost Basis 370,472  
Other Than Temporary Impairment - Amortized Cost Basis 0  
After Impairment - Amortized Cost Basis 370,472  
Gains - gross unrealized 0  
Losses - gross unrealized (130)  
Carrying Value [3] $ 370,342  
Number of Securities | contract 2  
Weighted Average Rating [2] AAA  
Weighted Average Coupon 3.50%  
Weighted Average Yield 2.83%  
Weighted Average Life (Years) [4] 8 years 6 days  
[1] (E)Represents non-consolidated CDO securities, excluding 8 securities with zero value, which had an aggregate face amount of $115.5 million.
[2] (F)The total outstanding face amount was $423.2 million for fixed rate securities and $41.6 million for floating rate securities.
[3] (A)See Note 13 regarding the estimation of fair value, which is equal to carrying value for all securities.
[4] (C)The weighted average life is based on the timing of expected principal reduction on the assets.
[5] (D)Percentage of the outstanding face amount of securities and interests that is subordinate to Newcastle’s investments.
[6] Represents non-consolidated CDO securities, excluding eight securities with zero value, which had an aggregate face amount of $115.5 million as of September 30, 2015.