XML 50 R141.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 26 BUSINESS SEGMENT REPORTING (Detail) - (Table 1) (USD $) In Thousands, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010
Results of Operations |  |  |  |  |  |
Revenue | $ 845,006 | [1],[2] | $ 495,930 | [1],[2] | $ 360,381 | [1],[2]
Operating expenses | 363,925 | [1],[3] | 239,584 | [1],[3] | 236,474 | [1],[3]
Income (loss) from operations | 481,081 |  | 256,346 |  | 123,907 |
Other income (expense): |  |  |  |  |  |
Interest income | 8,329 |  | 8,876 |  | 10,859 |
Interest expense | (223,455) |  | (132,770) |  | (85,923) |
Other | (8,447) | [1],[2] | (9,457) | [1],[2] | (9,689) | [1],[2],[4],[5]
Other income (expense), net | (223,573) |  | (133,351) |  | (84,753) |
Income (loss) from continuing operations before income taxes | 257,508 |  | 122,995 |  | 39,154 |
Total Assets |  |  |  |  |  |
Balance | 5,671,882 |  | 4,728,024 |  | 2,921,409 |
Servicing [Member] |  |  |  |  |  |
Results of Operations |  |  |  |  |  |
Revenue | 840,648 | [1],[2] | 494,871 | [1],[2] | 359,798 | [1],[2]
Operating expenses | 344,333 | [1],[3] | 231,238 | [1],[3] | 200,108 | [1],[3]
Income (loss) from operations | 496,315 |  | 263,633 |  | 159,690 |
Other income (expense): |  |  |  |  |  |
Interest income | 9 |  | 110 |  | 207 |
Interest expense | (221,948) |  | (132,574) |  | (80,514) |
Other | (13) | [1],[2] | 4,711 | [1],[2] | (1,188) | [1],[2],[4],[5]
Other income (expense), net | (221,952) |  | (127,753) |  | (81,495) |
Income (loss) from continuing operations before income taxes | 274,363 |  | 135,880 |  | 78,195 |
Total Assets |  |  |  |  |  |
Balance | 4,461,755 |  | 4,301,371 |  | 2,495,966 |
Corporate Itemsand Other [Member] |  |  |  |  |  |
Results of Operations |  |  |  |  |  |
Revenue | 141 | [1],[2] |  | [1],[2] |  | [1],[2]
Operating expenses | 409 | [1],[3] |  | [1],[3] |  | [1],[3]
Income (loss) from operations | (268) |  |  |  |  |
Other income (expense): |  |  |  |  |  |
Interest income | 309 |  |  |  |  |
Interest expense | (514) |  |  |  |  |
Other | 214 | [1],[2] |  | [1],[2] |  | [1],[2],[4],[5]
Other income (expense), net | 9 |  |  |  |  |
Income (loss) from continuing operations before income taxes | (259) |  |  |  |  |
Total Assets |  |  |  |  |  |
Balance | 551,733 |  |  |  |  |
Intersegment Elimination [Member] |  |  |  |  |  |
Results of Operations |  |  |  |  |  |
Revenue | 5,122 | [1],[2] | 2,348 | [1],[2] | 2,112 | [1],[2]
Operating expenses | 19,667 | [1],[3] | 8,971 | [1],[3] | 37,130 | [1],[3]
Income (loss) from operations | (14,545) |  | (6,623) |  | (35,018) |
Other income (expense): |  |  |  |  |  |
Interest income | 8,011 |  | 8,766 |  | 10,652 |
Interest expense | (993) |  | (196) |  | (5,409) |
Other | (9,069) | [1],[2] | (14,832) | [1],[2] | (9,266) | [1],[2],[4],[5]
Other income (expense), net | (2,051) |  | (6,262) |  | (4,023) |
Income (loss) from continuing operations before income taxes | (16,596) |  | (12,885) |  | (39,041) |
Total Assets |  |  |  |  |  |
Balance | 658,394 |  | 426,653 |  | 425,443 |
Business Segments Consolidated [Member] |  |  |  |  |  |
Results of Operations |  |  |  |  |  |
Revenue | (905) | [1],[2] | (1,289) | [1],[2] | (1,529) | [1],[2]
Operating expenses | (484) | [1],[3] | (625) | [1],[3] | (764) | [1],[3]
Income (loss) from operations | (421) |  | (664) |  | (765) |
Other income (expense): |  |  |  |  |  |
Other | 421 | [1],[2] | 664 | [1],[2] | 765 | [1],[2],[4],[5]
Other income (expense), net | $ 421 |  | $ 664 |  | $ 765 |
[1] | Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] | Servicing has a contractual right to receive interest income on float balances. However, Corporate controls investment decisions associated with the float balances. Accordingly, Servicing receives revenues generated by those investments that are associated with float balances but are reported in Corporate Items and Other. Gains and losses associated with corporate investment decisions are recognized in Corporate Items and Other.
[3] | Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments Consolidated For the year ended December 31, 2012: Depreciation expense $1,469 $8 $4,243 $5,720 Amortization of MSRs 72,897 - - 72,897 Amortization of debt discount 3,259 - - 3,259 Amortization of debt issuance costs - SSTL 3,718 - - 3,718 For the year ended December 31, 2011: Depreciation expense $2,410 $- $1,750 $4,160 Amortization of MSRs 42,996 - - 42,996 Amortization of debt discount 8,853 - - 8,853 Amortization of debt issuance costs - SSTL 9,764 - - 9,764 For the year ended December 31, 2010: Depreciation expense $5,916 $- $1,596 $7,512 Amortization of MSRs 31,455 - - 31,455 Amortization of debt discount 5,217 - 172 5,389 Amortization of debt issuance costs - SSTL 2,086 - - 2,086
[4] | Other income (expense) for 2010 includes losses on auction rate securities of $7,909 recorded in Corporate Items and Other.
[5] | Other income (expense) for 2010 includes gains of $6,036 recorded in Corporate Items and Other from sales of our investments in affordable housing projects.

X
- Details
Name: | ocn_OtherIncomeExpenseAbstract0
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ocn_ResultsOfOperationsAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ocn_TotalAssetsAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 6 -Paragraph 25 -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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4613673-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 28 -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 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.13) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 29 -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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph b(1) -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_IncomeLossFromContinuingOperations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Article 5 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 9 -Chapter V -Subsection II -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It 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 34 -Paragraph 21 -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 Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest generated from day to day operating activities of the business. This element represents a revenue generating activity and is therefore gross (before any related cost of revenue items). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_InterestIncomeOperating
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. + References No definition available. + Details
Name: | us-gaap_OperatingExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 -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_OtherNoncashIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. + References No definition available. + Details
Name: | us-gaap_OtherOperatingIncomeExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other revenues from oil and gas producing activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 23 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=8451039&loc=d3e62136-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=8451039&loc=d3e62246-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 19 -Paragraph 59S -Subparagraph a -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_ResultsOfOperationsRevenueOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration