XML 27 R46.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 8 MORTGAGE SERVICING (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
|  | 2012 |  |  | 2011 |  |  | 2010 |
Loan servicing and subservicing fees |  | $ | 581,067 |  |  | $ | 341,438 |  |  | $ | 226,284 |
Home Affordable Modification Program (HAMP) fees |  |  | 76,764 |  |  |  | 42,025 |  |  |  | 32,363 |
Late charges |  |  | 69,281 |  |  |  | 38,557 |  |  |  | 32,760 |
Loan collection fees |  |  | 15,960 |  |  |  | 11,223 |  |  |  | 8,958 |
Float earnings |  |  | 3,749 |  |  |  | 2,105 |  |  |  | 2,843 |
Other |  |  | 57,604 |  |  |  | 23,527 |  |  |  | 18,491 |
|  | $ | 804,425 |  |  | $ | 458,875 |  |  | $ | 321,699 |
Schedule of Servicing Assets at Amortized Value [Table Text Block] |
For the year ended December 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
Beginning balance |  | $ | 293,152 |  |  | $ | 193,985 |  |  | $ | 117,802 |
Purchases: |  |  |  |  |  |  |  |  |  |  |  |
HomEq Acquisition |  |  | — |  |  |  | — |  |  |  | 84,324 |
Litton Acquisition |  |  | — |  |  |  | 144,314 |  |  |  | — |
Homeward Acquisition (1) |  |  | 275,844 |  |  |  | — |  |  |  | — |
MSR asset acquisitions (2) |  |  | 181,979 |  |  |  | — |  |  |  | 23,425 |
Servicing transfers and adjustments |  |  | (4 | ) |  |  | — |  |  |  | (29 | )
Decrease in impairment valuation allowance |  |  | (88 | ) |  |  | 574 |  |  |  | 90 |
Amortization (3) |  |  | (74,171 | ) |  |  | (45,721 | ) |  |  | (31,627 | )
Ending balance |  | $ | 676,712 |  |  | $ | 293,152 |  |  | $ | 193,985 |
Fair value at end of year |  | $ | 743,830 |  |  | $ | 340,015 |  |  | $ | 237,407 |
Schedule of Expected Amortization Expense [Table Text Block] |
2013 |  | $ | 122,365 |
2014 |  |  | 100,316 |
2015 |  |  | 82,240 |
2016 |  |  | 67,421 |
2017 |  |  | 55,273 |
Servicing Asset at Fair Value, Description of Other Changes in Fair Value |
|  | Adverse change in fair value |
|  | 10% |  |  | 20% |
Weighted average prepayment speeds |  | $ | (6,374 | ) |  | $ | (13,681 | )
Discount rate (Option-adjusted spread) |  | $ | (3,533 | ) |  | $ | (6,448 | )
|  | Residential |  |  | Commercial |  |  | Total |
UPB at December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |
Servicing |  | $ | 51,252,380 |  |  | $ | — |  |  | $ | 51,252,380 |
Subservicing |  |  | 22,634,011 |  |  |  | 434,305 |  |  |  | 23,068,316 |
|  | $ | 73,886,391 |  |  | $ | 434,305 |  |  | $ | 74,320,696 |
UPB at December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Servicing |  | $ | 78,675,160 |  |  | $ | — |  |  | $ | 78,675,160 |
Subservicing |  |  | 23,524,062 |  |  |  | 290,863 |  |  |  | 23,814,925 |
|  | $ | 102,199,222 |  |  | $ | 290,863 |  |  | $ | 102,490,085 |
UPB at December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Servicing (1) |  | $ | 175,762,161 |  |  | $ | — |  |  | $ | 175,762,161 |
Subservicing |  |  | 27,903,555 |  |  |  | 401,031 |  |  |  | 28,304,586 |
|  | $ | 203,665,716 |  |  | $ | 401,031 |  |  | $ | 204,066,747 |
Mortgage Loans on Real Estate, Geographic Location of Property |
|  | Amount |  |  | Count |
California |  | $ | 45,851,476 |  |  |  | 160,501 |
Florida |  |  | 22,731,227 |  |  |  | 136,224 |
New York |  |  | 17,276,718 |  |  |  | 67,725 |
Texas |  |  | 9,151,031 |  |  |  | 99,935 |
Illinois |  |  | 8,174,504 |  |  |  | 53,203 |
Other |  |  | 100,480,760 |  |  |  | 702,368 |
|  | $ | 203,665,716 |  |  |  | 1,219,956 |

X
- Definition Tabular disclosure of loans serviced by property type. + References No definition available. + Details
Name: | ocn_ScheduleOfLoansServicedByPropertyTypeTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fees generated during the reporting period for servicing subservicing of assets. + References No definition available. + Details
Name: | ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Identifies the site (such as country, region, state, county or municipality) of the property or properties under mortgage. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=6882300&loc=d3e5864-122674 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29.4) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 + Details
Name: | us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfExpectedAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the balance of servicing assets subsequently measured at amortized value (including a description of where changes in carrying value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS140-4/FIN46(R)-8 -Paragraph B10 -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 140 -Paragraph 17 -Subparagraph g -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. + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition A description of the other changes in fair value (other than additions, disposals, or changes resulting from changes in valuation inputs or changes in assumptions). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(ii) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122625-111746 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 140 -Paragraph 17 -Subparagraph f(1)(d)(ii) -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 FASB Staff Position (FSP) -Number FAS140-4/FIN46(R)-8 -Paragraph B9 -Subparagraph a(4)(b) -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. + Details
Name: | us-gaap_ServicingAssetAtFairValueDescriptionOfOtherChangesInFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration