Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Consolidated Statements Of Income    
Interest income $ 16,191 $ 2,037
Interest expense 899   
Net Interest Income 15,292 2,037
Change in fair value of investments in excess mortgage servicing rights 1,858 1,216
Change in fair value of investments in equity method investees 969   
Other Income 2,827 1,216
Expenses    
General and administrative expense 2,719 411
Management fee allocated by Newcastle 2,325 154
Total Expenses 5,044 565
Net Income $ 13,075 $ 2,688