XML 153 R41.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 2 BUSINESS ACQUISITIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
|  | Employee termination benefits (1) |  |  | Lease termination costs (2) |  |  | Total |
Liability balance as at January 1, 2010 |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions charged to operations (3) |  |  | 32,954 |  |  |  | 7,794 |  |  |  | 40,748 |
Payments |  |  | (31,622 | ) |  |  | — |  |  |  | (31,622 | )
Liability balance as at December 31, 2010 (3) |  |  | 1,332 |  |  |  | 7,794 |  |  |  | 9,126 |
Additions charged to operations (3) |  |  | 33,127 |  |  |  | — |  |  |  | 33,127 |
Amortization of discount |  |  | — |  |  |  | 99 |  |  |  | 99 |
Payments |  |  | (29,296 | ) |  |  | (2,606 | ) |  |  | (31,902 | )
Liability balance as at December 31, 2011 (3) |  |  | 5,163 |  |  |  | 5,287 |  |  |  | 10,450 |
Additions charged to operations (3) |  |  | 2,869 |  |  |  | 5,030 |  |  |  | 7,899 |
Amortization of discount |  |  | — |  |  |  | 176 |  |  |  | 176 |
Payments |  |  | (8,032 | ) |  |  | (5,602 | ) |  |  | (13,634 | )
Liability balance as at December 31, 2012 (3) |  | $ | — |  |  | $ | 4,891 |  |  | $ | 4,891 |
Schedule of Goodwill [Table Text Block] |
|  | Homeward Acquisition |  |  | Litton Acquisition |  |  | HomEq Acquisition |  |  | Total |
Balance at December 31, 2011 |  | $ | — |  |  | $ | 57,430 |  |  | $ | 12,810 |  |  | $ | 70,240 |
Homeward Acquisition |  |  | 300,843 |  |  |  | — |  |  |  | — |  |  |  | 300,843 |
Balance at December 31, 2012 |  | $ | 300,843 |  |  | $ | 57,430 |  |  | $ | 12,810 |  |  | $ | 371,083 |
Homeward Acquisition [Member] |
Schedule of Purchase Price Allocation [Table Text Block] |
Cash |  | $ | 79,511 |
Loans held for sale (1) |  |  | 558,721 |
Mortgage servicing rights (1) |  |  | 358,119 |
Advances and match funded advances (1) |  |  | 2,266,882 |
Deferred tax assets (1) |  |  | 47,346 |
Premises and equipment (1) |  |  | 16,803 |
Debt service accounts |  |  | 69,287 |
Investment in unconsolidated entities (1) |  |  | 5,485 |
Receivables and other assets (1) |  |  | 56,886 |
Match funded liabilities |  |  | (1,997,459 | )
Lines of credit and other secured borrowings |  |  | (864,969 | )
Accrued bonuses |  |  | (35,201 | )
Checks held for escheat (1) |  |  | (16,418 | )
Other liabilities (1) |  |  | (80,112 | )
Total identifiable net assets |  |  | 464,881 |
Goodwill (1) |  |  | 300,843 |
Total consideration |  | $ | 765,724 |
Revenues |  | $ | 5,881 |
Net income |  | $ | 44 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | 2012 |  |  | 2011 |
|  | (Unaudited) |  |  | (Unaudited) |
Revenues |  | $ | 1,362,927 |  |  | $ | 1,085,914 |
Net income (loss) |  | $ | 254,051 |  |  | $ | 163,647 |
Litton Acquisition [Member] |
Schedule of Purchase Price Allocation [Table Text Block] |
|  | December 31, 2011 |  |  | Adjustments |  |  | Final |
Cash |  | $ | 23,791 |  |  | $ | — |  |  | $ | 23,791 |
Advances |  |  | 2,468,137 |  |  |  | — |  |  |  | 2,468,137 |
MSRs |  |  | 144,314 |  |  |  | — |  |  |  | 144,314 |
Premises and equipment |  |  | 3,386 |  |  |  | — |  |  |  | 3,386 |
Receivables |  |  | 2,159 |  |  |  | (941 | ) |  |  | 1,218 |
Other assets |  |  | 3,670 |  |  |  | — |  |  |  | 3,670 |
Servicing liabilities |  |  | (8,972 | ) |  |  | — |  |  |  | (8,972 | )
Checks held for escheat |  |  | (6,145 | ) |  |  | 2,206 |  |  |  | (3,939 | )
Accrued expenses |  |  | (25,471 | ) |  |  | 6,927 |  |  |  | (18,544 | )
Total identifiable net assets |  |  | 2,604,869 |  |  |  | 8,192 |  |  |  | 2,613,061 |
Goodwill |  |  | 65,622 |  |  |  | (8,192 | ) |  |  | 57,430 |
Total consideration |  |  | 2,670,491 |  |  |  | — |  |  |  | 2,670,491 |
Litton debt repaid to Goldman Sachs at closing |  |  | (2,423,123 | ) |  |  | — |  |  |  | (2,423,123 | )
Base purchase price, as adjusted |  | $ | 247,368 |  |  | $ | — |  |  | $ | 247,368 |
Revenues |  | $ | 62,750 |
Net loss (1) |  | $ | (20,910 | )
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | 2011 |  |  | 2010 (1) |
|  | (Unaudited) |  |  | (Unaudited) |
Revenues |  | $ | 642,033 |  |  | $ | 632,721 |
Net income (loss) |  | $ | 52,407 |  |  | $ | (169,886 | )
HomEq Acquisition [Member] |
Schedule of Purchase Price Allocation [Table Text Block] |
Mortgage servicing rights |  | $ | 84,324 |
Advances |  |  | 1,063,180 |
Receivables |  |  | 7,957 |
Premises and equipment |  |  | 6,728 |
Checks held for escheat |  |  | (4,616 | )
Accrued bonus |  |  | (3,037 | )
Servicing liabilities |  |  | (709 | )
Other liabilities |  |  | (964 | )
Total identifiable net assets |  |  | 1,152,863 |
Goodwill |  |  | 12,810 |
Total consideration |  | $ | 1,165,673 |
Revenues |  | $ | 43,127 |
Net loss (1) |  | $ | (26,953 | )
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | 2010 |
|  | (Unaudited) |
Revenues |  | $ | 458,548 |
Net income (loss) |  | $ | 42,786 |

X
- Definition Tabular disclosure presenting the revenues and results of operations of acquiree since the date of acquisition through a period end. + References No definition available. + Details
Name: | ocn_BusinessAcquisitionOperatingResultsSinceAcquisitionDateTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -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 141 -Paragraph 55 -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 Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -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_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -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 Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -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 Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -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_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479 + Details
Name: | us-gaap_ScheduleOfPurchasePriceAllocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -Subparagraph b(2) -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_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration