XML 86 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 5 FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
|  |  |  | March 31, 2012 |  | December 31, 2011
|  | Level |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for resale (1) |  |  | 3 |  |  | $ | 20,203 |  |  | $ | 20,203 |  |  | $ | 20,633 |  |  | $ | 20,633 |
Loans, net – restricted for securitization investors (2) |  |  | 3 |  |  |  | 56,365 |  |  |  | 52,905 |  |  |  | 58,560 |  |  |  | 55,165 |
Advances (2) |  |  | 3 |  |  |  | 3,001,569 |  |  |  | 3,001,569 |  |  |  | 3,733,502 |  |  |  | 3,733,502 |
Receivables, net (2) |  |  | 3 |  |  |  | 62,235 |  |  |  | 62,235 |  |  |  | 83,202 |  |  |  | 83,202 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Match funded liabilities (2) |  |  | 3 |  |  | $ | 2,280,323 |  |  | $ | 2,293,124 |  |  | $ | 2,558,951 |  |  | $ | 2,569,131 |
Lines of credit and other secured borrowings (2) |  |  | 3 |  |  |  | 550,618 |  |  |  | 560,365 |  |  |  | 540,369 |  |  |  | 550,860 |
Secured borrowings – owed to securitization investors (2) |  |  | 3 |  |  |  | 51,622 |  |  |  | 50,870 |  |  |  | 53,323 |  |  |  | 52,652 |
Debt securities (2) |  |  | 2 |  |  |  | 26,119 |  |  |  | 24,682 |  |  |  | 82,554 |  |  |  | 92,125 |
Derivative financial instruments, net (3) |  |  | 3 |  |  | $ | (12,806 | ) |  | $ | (12,806 | ) |  | $ | (16,676 | ) |  | $ | (16,676 | )
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
|  | Carrying value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
At March 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments, net |  | $ | (12,806 | ) |  |  | — |  |  |  | — |  |  | $ | (12,806 | )
Measured at fair value on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for resale |  |  | 20,203 |  |  |  | — |  |  |  | — |  |  |  | 20,203 |
MSRs (1) |  |  | 204 |  |  |  | — |  |  |  | — |  |  |  | 204 |
At December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments, net |  | $ | (16,676 | ) |  | $ | — |  |  | $ | — |  |  | $ | (16,676 | )
Measured at fair value on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for resale |  |  | 20,633 |  |  |  | — |  |  |  | — |  |  |  | 20,633 |
Mortgage servicing rights (1) |  |  | 214 |  |  |  | — |  |  |  | — |  |  |  | 214 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Derivative Financial Instruments |
For the three months ended March 31, |  | 2012 |  |  | 2011 |
Beginning balance |  | $ | (16,676 | ) |  | $ | (15,351 | )
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  |  | — |  |  |  | — |
Issuances |  |  | — |  |  |  | — |
Sales |  |  | — |  |  |  | — |
Settlements |  |  | 2,357 |  |  |  | 46 |
|  |  | 2,357 |  |  |  | 46 |
Total realized and unrealized gains and (losses) (1): |  |  |  |  |  |  |  |
Included in Other, net |  |  | 3,468 |  |  |  | (353 | )
Included in Other comprehensive income (loss) |  |  | (1,955 | ) |  |  | 3,261 |
|  |  | 1,513 |  |  |  | 2,908 |
Transfers in and / or out of Level 3 |  |  | — |  |  |  | — |
Ending balance |  | $ | (12,806 | ) |  | $ | (12,397 | )

X
- Definition Schedule of carrying and estimated fair values of financial instruments. + References No definition available. + Details
Name: | ocn_ScheduleOfCarryingAndEstimatedFairValuesOfFinancialInstrumentsTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration