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Note 12 LINES OF CREDIT AND OTHER SECURED BORROWINGS (Detail) - (Table 1) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |
--- | --- | ---
Mar. 31, 2012 | Dec. 31, 2011
Balance outstanding | $ 550,618 |  | $ 540,369 |
Balance outstanding | 550,618 |  | 540,369 |
Senior Secured Term Loan [Member] |  |  |  |
Collateral |  | [1] |  |
Interest Rate |  | [1] |  |
Maturity | Sept. 2016 | [1] |  |
Unused Borrowing Capacity | 0 | [1] |  |
Balance outstanding | 494,426 | [1] | 546,250 | [1]
Balance outstanding | 494,426 | [1] | 546,250 | [1]
Financing Liability Member |  |  |  |
Collateral |  | [2] |  |
Interest Rate |  | [2] |  |
Maturity |  | [2] |  |
Unused Borrowing Capacity | 0 | [2] |  |
Balance outstanding | 61,674 | [2] | 0 | [2]
Balance outstanding | 61,674 | [2] | 0 | [2]
Total Servicing Lines of Credit [Member] |  |  |  |
Unused Borrowing Capacity | 0 |  |  |
Balance outstanding | 556,100 |  | 546,250 |
Balance outstanding | 556,100 |  | 546,250 |
Securities Sold Under Agreement To Repurchase [Member] |  |  |  |
Collateral | Ocwen Real Estate Asset Liquidating Trust 2007-1 Notes | [3] |  |
Interest Rate |  | [3] |  |
Maturity |  | [3] |  |
Unused Borrowing Capacity | 0 | [3] |  |
Balance outstanding | 4,265 | [3] | 4,610 | [3]
Balance outstanding | 4,265 | [3] | 4,610 | [3]
Total Gross Secured Lines Of Credit [Member] |  |  |  |
Balance outstanding | 560,365 |  | 550,860 |
Balance outstanding | 560,365 |  | 550,860 |
Discount [Member] |  |  |  |
Unused Borrowing Capacity | 0 | [1] |  |
Balance outstanding | (9,747) | [1] | (10,491) | [1]
Balance outstanding | (9,747) | [1] | (10,491) | [1]
Total [Member] |  |  |  |
Unused Borrowing Capacity | 0 |  |  |
Balance outstanding | 550,618 |  | 540,369 |
Balance outstanding | $ 550,618 |  | $ 540,369 |
[1] | On September 1, 2011, we entered into a senior secured term loan facility agreement and borrowed $575,000 that was primarily used to fund a portion of the Litton Acquisition. The loan was issued with an original issue discount of $11,500 that we are amortizing over the term of the loan. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate of Barclays Bank PLC in effect on such day, (ii) the federal funds effective rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 4.50% and a base rate floor of 2.50% or (b) 1-Month LIBOR, plus a margin of 5.50% with a 1-Month LIBOR floor of 1.50%. We are required to repay the principal amount of the loan in consecutive quarterly installments of $14,375 per quarter commencing September 30, 2011 through June 30, 2016, with the balance becoming due on September 1, 2016. The loan is secured by a first priority security interest in substantially all of the tangible and intangible assets of Ocwen.
[2] | On March 5, 2012, Ocwen completed the HLSS Transaction, in which it transferred to HLSS the Rights to MSRs that had been acquired as part of the HomEq Acquisition. However, because Ocwen has not yet transferred legal title to the MSRs, the sale was accounted for as a financing with the proceeds from the sale of the MSRs recorded as a financing liability. The financing liability is being amortized using the interest method with the servicing income that is remitted to HLSS representing payments of principal and interest. The liability has no contractual maturity but will be amortized over the estimated life of the pledged MSRs. The balance of the liability is reduced each month based on the change in the estimated fair value of the pledged MSRs. See Note 4 for additional information regarding the HLSS Transaction.
[3] | In August 2010, we obtained financing under a repurchase agreement for the Class A-2 and A-3 notes issued by Ocwen Real Estate Asset Liquidating Trust 2007-1 which have a current face value of $28,610. This agreement has no stated credit limit and lending is determined for each transaction based on the acceptability of the securities presented as collateral. Borrowings mature and are renewed monthly. The borrowings secured by the Class A-2 notes bear interest at 1-Month LIBOR + 200 basis points and borrowings secured by the Class A-3 notes bear interest at 1-Month LIBOR + 300 basis points.

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- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Subparagraph b -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Discussion of whether the borrowings under the credit facility are secured or unsecured and, if secured, a description of collateral (for example, accounts receivable less than 120 days old, finished goods inventory). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(b)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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- Definition Reflects when the credit facility terminates, which may be presented in a variety of ways (year, month and year, day, month and year, quarter). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Carrying value as of the balance sheet date of other collateralized debt obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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