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)

v3.3.0.814
REAL ESTATE SECURITIES - Holdings in an Unrealized Loss Position and the Associated Intent to Sell (Details 2)
$ in Thousands
Sep. 30, 2015
USD ($)
RE Securities Intended to Sell [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Fair Value $ 0
Amortized Cost Basis After Impairment 0
Unrealized Credit Losses 0 [1]
RE Securities More Likely to Sell [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Fair Value 0
Amortized Cost Basis After Impairment 0
Unrealized Credit Losses 0 [1]
RE Securities No Intent to Sell Credit Impaired [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Fair Value 1,315
Amortized Cost Basis After Impairment 1,416
Unrealized Credit Losses (3,010) [1]
Unrealized Non-Credit Losses (100) [2]
RE Securities No Intent to Sell Non Credit Impaired [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Fair Value 370,534
Amortized Cost Basis After Impairment 370,665
Unrealized Credit Losses 0 [1]
Unrealized Non-Credit Losses (132) [2]
Securities in an Unrealized Loss Position [Member]  
Schedule of Available-for-sale Securities [Line Items]  
Fair Value 371,849
Amortized Cost Basis After Impairment 372,081
Unrealized Credit Losses (3,010) [1]
Unrealized Non-Credit Losses $ (232) [2]
[1] (B)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] (C)This amount represents unrealized losses on securities that are due to non-credit factors and is required to be recorded through other comprehensive income.