XML 43 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

NOTE 5 ADVANCES | 12 Months Ended
--- | ---
Dec. 31, 2011
Advances [Text Block] | NOTE 5 ADVANCES Advances, representing payments made on behalf of borrowers or on foreclosed properties, as more fully described in Note 1—Mortgage Servicing Fees and Advances, consisted of the following at December 31:
|  | 2011 |  |  | 2010 |
Servicing: |  |  |  |  |  |
Principal and interest |  | $ | 30,462 |  |  | $ | 82,060 |
Taxes and insurance |  |  | 33,387 |  |  |  | 49,785 |
Foreclosures and bankruptcy costs |  |  | 8,390 |  |  |  | 27,163 |
Other |  |  | 27,442 |  |  |  | 21,701 |
|  |  | 99,681 |  |  |  | 180,709 |
Corporate Items and Other |  |  | 3,910 |  |  |  | 4,124 |
|  | $ | 103,591 |  |  | $ | 184,833 |
Servicing advances of $75,489 were pledged as collateral under the term reimbursement advance borrowing as of December 31, 2010. This borrowing was repaid in full in 2011. See Note 15 for additional information.

X
- Definition The disclosure of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors. + References No definition available. + Details
Name: | ocn_AdvancesTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration