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INVESTMENTS IN CONSUMER LOAN EQUITY METHOD INVESTEES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 0 Months Ended | |||||
|---|---|---|---|---|---|---|---|
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Sep. 30, 2013
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Apr. 02, 2013
Affilate of Blackstone Tactical Opportunities Advisors LLC
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Apr. 02, 2013
Fortress-managed Affiliate
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Apr. 02, 2013
Consumer Loan Investees
Integer
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Sep. 30, 2013
Consumer Loan Investees
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Sep. 30, 2013
Consumer Loan Investees
Class B Asset Backed Notes
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Sep. 30, 2013
Consumer Loan Investees
Class A Asset Backed Notes
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| Unpaid principal balance of underlying loans | $ 4,200,000 | $ 3,490,345 | |||||
| Number of loans in portfolio | 400,000 | ||||||
| Acquisitions of investments in consumer loan equity method investees | 250,000 | ||||||
| Ownership percentage in equity method investees | 30.00% | 30.00% | |||||
| Percentage of portfolio co-invested by other parties | 23.00% | 47.00% | 70.00% | ||||
| Purchase price of portfolio financed by asset-backed notes | 2,200,000 | ||||||
| Purchase price of portfolio | 3,000,000 | ||||||
| Interest Rate | 4.00% | 3.75% | |||||
| Percentage of UPB of loans against outstanding debt where cash can be released | 50.00% | 50.00% | |||||
| Additional asset-backed notes issued and sold, face amount | $ 372,000 | $ 372,000 | $ 1,800 | ||||
| Percentage of par at which notes were sold | 96.00% | ||||||
| Percentage of cash flows required to be paid against notes when threshold is reached | 15.00% | 70.00% | |||||
| X | ||||||||||
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- Definition
The threshold percentage of UPB of loans against outstanding debt at which cash may be relaesed from the equity investment. No definition available.
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| X | ||||||||||
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- Definition
The percentage of cash flows that must be used to pay down notes and equity holders once the threshold percentage of UPB of loans against outstanding debt is reached. No definition available.
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| X | ||||||||||
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- Definition
The purchase price of the portfolio of consumer loans. No definition available.
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| X | ||||||||||
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- Definition
The amount of the purchase price of the portfolio of consumer loans financed via the issuance of asset-backed notes. No definition available.
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| X | ||||||||||
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- Definition
The number of personal unsecured loans and personal homeowner loans included within the portfolio co-invested in by Newcastle. No definition available.
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| X | ||||||||||
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- Definition
The percentage of par at which notes were sold. No definition available.
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| X | ||||||||||
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- Definition
The percentage of the portfolio of consumer loans acquired by co-investors. No definition available.
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| X | ||||||||||
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- Definition
The unpaid principal balance of underlying loans. No definition available.
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| X | ||||||||||
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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