Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Interest income $ 71,490 $ 16,191
Interest expense 38,997 899
Net Interest Income 32,493 15,292
Impairment (Reversal)    
Other-than-temporary impairment ("OTTI") on securities 328  
Valuation allowance on loans 164  
Impairment Net Of The Reversal Of Prior Valuation Allowances On Loans 492  
Net interest income after impairment 32,001 15,292
Other Income    
Change in fair value of investments in excess mortgage servicing rights 6,602 1,858
Change in fair value of investments in excess mortgage servicing rights, equity method investees 6,374 969
Earnings from investments in consumer loans, equity method investee 16,360  
Gain on settlement of investments 4,357  
Other income 1,357  
Other Income 35,050 2,827
Expenses    
General and administrative expenses 2,075 2,719
Management fee allocated by Newcastle   2,325
Management fee to affiliate 4,486  
Incentive compensation to affiliate 3,338  
[OperatingExpenses] 9,899 5,044
Income (Loss) before Income Taxes 57,152 13,075
Income tax expense 287  
Net Income (Loss) 56,865 13,075
Noncontrolling Interests in Income (Loss) of Consolidated Subsidiaries 8,093  
Net Income (Loss) Applicable to Common Stockholders $ 48,772 $ 13,075
Income Per Share of Common Stock    
Basic $ 0.19 $ 0.05
Diluted $ 0.19 $ 0.05
Weighted Average Number of Shares of Common Stock Outstanding    
Basic 253,029,019 253,025,645
Diluted 259,839,934 253,025,645
Dividends Declared per Share of Common Stock $ 0.175