Newcastle Investment Corporation Reports Earnings

Business Wire says that Newcastle Investment Corporation (NYSE:NCT) of New York reported first quarter 2011 income applicable to common stockholders of $108 million, or $1.73 per diluted share, as opposed to Q1 2010 of $180 million that had diluted share value of $3.36.  With a $4.2 billion investment portfolio, manufactured housing loans accounted for $352,612,000, with an average loan age of 140 months and an average credit score of 700.  A live conference call recorded Friday, May 6, at 11:00 AM eastern time will be available for telephonic replay at 1-800-642-1687 until Friday, May 13, 11:59 PM eastern time.

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