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Note 11 MATCH FUNDED LIABILITIES (Detail) - (Table 1) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |
--- | --- | ---
Mar. 31, 2012 | Dec. 31, 2011
Balance Outstanding | $ 2,280,323 |  | $ 2,558,951 |
Balance Outstanding | 2,280,323 |  | 2,558,951 |
Promissory Note[Member] |  |  |  |
Interest Rate | 3.3875% | [1] |  |
Maturity | Dec. 31, 2013 | [1] |  |
Amortization Date | Sept. 2013 | [1] |  |
Unused Borrowing Capacity | 125,077 | [1] |  |
Balance Outstanding | 1,767,723 | [1] | 1,784,043 | [1]
Balance Outstanding | 1,767,723 | [1] | 1,784,043 | [1]
Advance Receivable Backed Notes Series B [Member] |  |  |  |
Interest Rate | 4.14% | [2] |  |
Maturity | Jul. 31, 2023 | [2] |  |
Amortization Date | July 2012 | [2] |  |
Unused Borrowing Capacity |  | [2] |  |
Balance Outstanding | 210,000 | [2] | 210,000 | [2]
Balance Outstanding | 210,000 | [2] | 210,000 | [2]
Variable Funding Note Series-Class A [Member] |  |  |  |
Interest Rate | 1-Month LIBOR + 350 bps |  |  |
Maturity | Dec. 31, 2023 |  |  |
Amortization Date | Nov. 2012 |  |  |
Unused Borrowing Capacity | 100,000 |  |  |
Variable Funding Note Series-Class B [Member] |  |  |  |
Interest Rate | Commercial paper rate + 200 bps or 1-Month LIBOR plus 325 bps | [3] |  |
Maturity | Dec. 31, 2023 | [3] |  |
Amortization Date | Dec. 2012 | [3] |  |
Unused Borrowing Capacity | 647,205 | [3] |  |
Balance Outstanding | 152,795 | [3] | 11,687 | [3]
Balance Outstanding | 152,795 | [3] | 11,687 | [3]
Advance Receivable Backed Notes Series A [Member] |  |  |  |
Interest Rate | 3.59% | [2],[4] |  |
Maturity | Dec. 31, 2023 | [2],[4] |  |
Amortization Date | Feb. 2011 | [2],[4] |  |
Unused Borrowing Capacity |  | [2],[4] |  |
Balance Outstanding |  | [2],[4] | 40,000 | [2],[4]
Balance Outstanding |  | [2],[4] | 40,000 | [2],[4]
Class A-1 Term Note [Member] |  |  |  |
Interest Rate | Commercial paper rate + 350 bps | [5] |  |
Maturity | Dec. 31, 2043 | [5] |  |
Amortization Date | Aug. 2013 | [5] |  |
Unused Borrowing Capacity |  | [5] |  |
Balance Outstanding |  | [5] | 340,185 | [5]
Balance Outstanding |  | [5] | 340,185 | [5]
Class A-2 Variable Note [Member] |  |  |  |
Interest Rate | Commercial paper rate + 350 bps | [5] |  |
Maturity | Dec. 31, 2043 | [5] |  |
Amortization Date | Aug. 2013 | [5] |  |
Unused Borrowing Capacity |  | [5] |  |
Balance Outstanding |  | [5] |  | [5]
Balance Outstanding |  | [5] |  | [5]
Class B Term Note [Member] |  |  |  |
Interest Rate | Commercial paper rate + 525 bps | [5] |  |
Maturity | Dec. 31, 2043 | [5] |  |
Amortization Date | Aug. 2013 | [5] |  |
Unused Borrowing Capacity |  | [5] |  |
Balance Outstanding |  | [5] | 15,850 | [5]
Balance Outstanding |  | [5] | 15,850 | [5]
Class C Term Note [Member] |  |  |  |
Interest Rate | Commercial paper rate + 625 bps | [5] |  |
Maturity | Dec. 31, 2043 | [5] |  |
Amortization Date | Aug. 2013 | [5] |  |
Unused Borrowing Capacity |  | [5] |  |
Balance Outstanding |  | [5] | 15,056 | [5]
Balance Outstanding |  | [5] | 15,056 | [5]
Class D Term Note [Member] |  |  |  |
Interest Rate | 1-Month LIBOR + 750 bps | [5] |  |
Maturity | Dec. 31, 2043 | [5] |  |
Amortization Date | Aug. 2013 | [5] |  |
Unused Borrowing Capacity |  | [5] |  |
Balance Outstanding |  | [5] | 11,638 | [5]
Balance Outstanding |  | [5] | 11,638 | [5]
Asset-backed Securities, Securitized Loans and Receivables [Member] |  |  |  |
Interest Rate | 1-Month LIBOR + 200 bps |  |  |
Maturity | Dec. 31, 2014 |  |  |
Amortization Date | July 2013 |  |  |
Unused Borrowing Capacity | 115,195 |  |  |
Balance Outstanding | 149,805 |  | 130,492 |
Balance Outstanding | 149,805 |  | 130,492 |
Total [Member] |  |  |  |
Unused Borrowing Capacity | 987,477 |  |  |
Balance Outstanding | 2,280,323 |  | 2,558,951 |
Balance Outstanding | $ 2,280,323 |  | $ 2,558,951 |
[1] | This note was issued in connection with the financing of advances acquired in connection with the acquisition of Litton on September 1, 2011. Borrowing capacity under this facility declined to $1,892,800 on March 1, 2012 and will further decline to $1,637,591 on September 1, 2012, $1,403,650 on March 1, 2013 and $1,169,708 on September 1, 2013.
[2] | These notes were issued under the Term Asset-Backed Securities Loan Facility program administered by the Federal Reserve Bank of New York.
[3] | The interest rate for this note is determined using a commercial paper rate that reflects the borrowing costs of the lender plus a margin of 200 bps or 1-Month LIBOR plus 325 bps if the lender funds its lending other than through commercial paper. Effective March 12, 2012 the lender transferred this note from its commercial paper conduit and began charging interest based on 1-Month LIBOR. Beginning June 15, 2012, maximum borrowing capacity under this note will be reduced to the extent that the lender's commitment under any other advance facilities of Ocwen or its affiliates exceeds $200,000.
[4] | This note entered into its amortization period in February 2011. The 2010-1 Indenture Supplement provided for scheduled amortization of $40,000 per quarter through January 2012.
[5] | These notes were issued in connection with the financing of advances acquired as part of the HomEq Acquisition. The Class D Term Note was repaid in full on March 2, 2012. On March 5, 2012, HLSS assumed the remaining balances as part of the HLSS Transaction.

X
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