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NOTE 14 SECURED BORROWINGS - OWED TO SECURITIZATION INVESTORS | 12 Months Ended
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Dec. 31, 2011
Variable Interest Entity Consolidated Carrying Amount Liabilities [Text Block] | NOTE 14 SECURED BORROWINGS – OWED TO SECURITIZATION INVESTORS Secured borrowings – owed to securitization investors of $53,323 and $62,705 at December 31, 2011 and 2010, respectively, consist of certificates that represent beneficial ownership interests in four securitization trusts that we include in our consolidated financial statements, as more fully described in Note 1—Securitizations of Residential Mortgage Loans. The holders of these certificates have no recourse against the assets of Ocwen. The trusts consist principally of mortgage loans that are secured by first and second liens on one-to-four-family residential properties. Except for the residuals, the certificates generally pay interest based on 1-Month LIBOR plus a margin of from 8 to 250 basis points. Interest rates on the certificates are generally capped at the weighted average of the net mortgage rates of the mortgage loans in the respective loan pools.

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- Definition The disclosure for beneficial interest certificates issued by consolidated Variable Interest Entities included in the reporting entity's statement of financial position. + References No definition available. + Details
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