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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Interest income $ 21,885 $ 12,295 $ 61,075 $ 18,811
Interest expense 3,443 298 6,993 298
Net Interest Income 18,442 11,997 54,082 18,513
Impairment (Reversal)        
Other-than-temporary impairment ("OTTI") on securities       3,756   
Net interest income after impairment 18,442 11,997 50,326 18,513
Change in fair value of investments in excess mortgage servicing rights 208 1,774 43,899 6,513
Change in fair value of investments in excess mortgage servicing rights, equity method investees 20,645    41,741   
Earnings from investments in consumer loans, equity method investee 24,129    60,293   
Gain on settlement of securities 11,213    11,271   
Other Income 56,195 1,774 157,204 6,513
Expenses        
General and administrative expenses 2,538 686 5,859 2,363
Management fee allocated by Newcastle    1,317 4,134 1,733
Management fee to affiliate 4,484    6,747   
Incentive compensation to affiliate 4,470    5,348   
[OperatingExpenses] 11,492 2,003 22,088 4,096
Net Income $ 63,145 $ 11,768 $ 185,442 $ 20,930
Income Per Share of Common Stock        
Basic $ 0.25 $ 0.05 $ 0.73 $ 0.08
Diluted $ 0.24 $ 0.05 $ 0.72 $ 0.08
Weighted Average Number of Shares of Common Stock Outstanding        
Basic 253,072,788 253,025,645 253,041,532 253,025,645
Diluted 259,889,285 253,025,645 256,549,947 253,025,645
Dividends Declared per Share of Common Stock $ 0.175    $ 0.245