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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.