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Pro Forma and Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Dec. 31, 2011
Assets      
Real estate securities, available-for-sale $ 1,861,200 [1],[2],[3] $ 289,756  
Investments in excess mortgage servicing rights at fair value 307,568 [1] 245,036 43,971
Investments in excess mortgage servicing rights, equity method investees, at fair value 358,032 [1]    
Investment in consumer loans, equity method investees 192,498 [1]    
Residential mortgage loans, held-for-investment 33,060 [1]    
Cash and cash equivalents 172,203 [1]    
Other assets 7,283 [1] 84  
[Assets] 2,931,844 [1] 534,876 43,971
Liabilities      
Repurchase agreements 1,467,934 [1] 150,922  
Trades Payable 149,181 [1]    
Due to affiliate 7,109 [1] 5,136 158
Dividends Payable 44,308 [1]    
Accrued expenses and other liabilities 2,276 [1] 462 755
Purchase price payable on investments in excess mortgage servicing rights     3,250
[Liabilities] 1,670,808 [1] 156,520 4,163
Commitments and contingencies    [1]      
Equity      
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 253,186,279 issued and outstanding at September 30, 2013 2,532 [1]    
Additional paid-in capital 1,157,040 [1] 362,830  
Retained earnings 85,776 [1]    
Newcastle's Equity     39,808
Accumulated other comprehensive income 15,688 [1] 15,526  
Total Equity 1,261,036 [1] 378,356 39,808
[LiabilitiesAndStockholdersEquity] 2,931,844 [1] 534,876 43,971
Closed Transaction Adjustments
      
Assets      
Real estate securities, available-for-sale 88,538 [4]    
Investments in excess mortgage servicing rights, equity method investees, at fair value 3,400 [5]    
Cash and cash equivalents (7) [6]    
[Assets] 91,931    
Liabilities      
Repurchase agreements 241,112 [7]    
Trades Payable (149,181) [8]    
[Liabilities] 91,931    
Commitments and contingencies       
Equity      
[LiabilitiesAndStockholdersEquity] 91,931    
Pending Transaction Adjustments
      
Assets      
Investments in excess mortgage servicing rights at fair value 55,600 [9]    
Investments in excess mortgage servicing rights, equity method investees, at fair value 694    
Residential mortgage loans, held-for-investment 106,600 [10]    
Cash and cash equivalents (106,600) [6]    
[Assets] 56,294    
Liabilities      
Purchase price payable on investments in excess mortgage servicing rights 56,294 [11]    
[Liabilities] 56,294    
Commitments and contingencies       
Equity      
[LiabilitiesAndStockholdersEquity] 56,294    
Pro Forma
      
Assets      
Real estate securities, available-for-sale 1,949,738    
Investments in excess mortgage servicing rights at fair value 363,168    
Investments in excess mortgage servicing rights, equity method investees, at fair value 362,126    
Investment in consumer loans, equity method investees 192,498    
Residential mortgage loans, held-for-investment 139,660    
Cash and cash equivalents 65,596    
Other assets 7,283    
[Assets] 3,080,069    
Liabilities      
Repurchase agreements 1,709,046    
Due to affiliate 7,109    
Dividends Payable 44,308    
Accrued expenses and other liabilities 2,276    
Purchase price payable on investments in excess mortgage servicing rights 56,294    
[Liabilities] 1,819,033    
Commitments and contingencies       
Equity      
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 253,186,279 issued and outstanding at September 30, 2013 2,532    
Additional paid-in capital 1,157,040    
Retained earnings 85,776    
Accumulated other comprehensive income 15,688    
Total Equity 1,261,036    
[LiabilitiesAndStockholdersEquity] $ 3,080,069    
[1] (A) Represents our historical consolidated balance sheet at September 30, 2013.
[2] (A) Fair value, which is equal to carrying value for all securities. See Note 9 regarding the estimation of fair value.
[3] (G) The total outstanding face amount was $16.4 million for fixed rate securities and $2.0 billion for floating rate securities.
[4] (B) Represents the investments in Non-Agency RMBS subsequent to September 30, 2013.
[5] (C) Represents the additional $3.4 million investment related to Pool 10.
[6] (D) Represents adjustments to the cash and cash equivalents balance from the closing of Excess MSR transactions, the investments in and sales of Non-Agency RMBS, the settlement of the trades payable, the increase in the repurchase agreements balance and the commitment to invest in non-performing loans.
[7] (E) Represents the increase in repurchase agreements related to Agency ARM RMBS and Non-Agency RMBS. The increase related to Agency ARM RMBS was approximately $136.6 million. The net increase related to Non-Agency RMBS was approximately $104.5 million and related to (i) the termination of an existing master repurchase agreement and entering into a new master repurchase agreement subsequent to September 30, 2013 ($71.4 million), (ii) repurchase agreements entered into subsequent to September 30, 2013 related to Non-Agency RMBS purchased or previously held on an unlevered basis ($63.9 million) and (iii) the repayment of repurchase agreements related to Non-Agency RMBS sold subsequent to September 30, 2013 ($30.8 million).
[8] (F) Represents the settlement of trades payable related to Agency ARM RMBS and Non-Agency RMBS which had not settled on September 30, 2013.
[9] (G) Represents the commitment to invest $56.3 million in Excess MSRs on portfolios of residential mortgage loans with an aggregate UPB of approximately $24.9 billion.
[10] (H) Represents the $106.6 million commitment to purchase non-performing loans subsequent to September 30, 2013.
[11] (I) Represents the payable related to our commitment to invest an additional $56.3 million in Excess MSRs that will become payable upon the closing of such transaction.