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NOTE 22 RELATED PARTY TRANSACTIONS (Details 1) (USD $) |  |  |  | 3 Months Ended | 0 Months Ended | 3 Months Ended |  | 3 Months Ended | 1 Months Ended |  | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended
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Mar. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Mar. 31, 2013 Homeward Acquisitions | Feb. 14, 2013 Master Mortgage Loan Sale Agreement | Mar. 31, 2013 Altisource | Dec. 27, 2012 Altisource | Mar. 31, 2013 HLSS | Dec. 21, 2012 Altisource Residential L.P Servicing Agreement | Mar. 31, 2013 Correspondent One Parent Company | Mar. 31, 2013 William C. Erbey | Mar. 31, 2013 William C. Erbey Altisource | Mar. 31, 2013 William C. Erbey HLSS | Mar. 31, 2013 William C. Erbey Altisource Asset Management Corporation | Dec. 11, 2012 William C. Erbey Altisource Asset Management Corporation Special Equity Incentive Plan 2012 Restricted Stock | Mar. 31, 2013 William C. Erbey Residential | Mar. 31, 2013 William C. Erbey Parent Company | Dec. 11, 2012 Ronald M. Faris Altisource Asset Management Corporation Special Equity Incentive Plan 2012 Restricted Stock
Related arty transaction, description of transaction |  |  |  |  |  | Relationship with Altisource Under the Services Agreement, Altisource provides various business process outsourcing services, such as valuation services and property preservation and inspection services, among other things. Altisource also provides certain technology products and support services to Ocwen under the Technology Products Services Agreement and the Data Center and Disaster Recovery Services Agreement both of which had an initial term of eight years. In addition, under the Data Access and Services Agreement, Ocwen has agreed to make available to Altisource certain data from Ocwen's servicing portfolio in exchange for a per asset fee. Under the Support Services Agreement, Ocwen and Altisource provide to each other services which are similar to the those that Ocwen and Altisource provided to each other pursuant to the former Transition Services Agreement that expired August 10, 2012. These services are provided in such areas as human resources, vendor management, corporate services, accounting, tax matters, risk management, law and consumer psychology. The Support Services Agreement has an initial term of five years. In connection with the sale to Altisource of the diversified fee-based business acquired in connection with the Homeward Acquisition, Ocwen agreed to extend to August 31, 2025 the terms of the Services Agreement, the Technology Products Services Agreement, the Data Center and Disaster Recovery Services Agreement and the Intellectual Property Agreement with Altisource. In addition, Ocwen agreed to expand the terms of the Services Agreement to apply to the services as they relate to the Homeward servicing platform and further to establish Altisource as the exclusive provider of such services as they relate to the Homeward servicing platform. In addition, Ocwen agreed not to establish similar fee-based businesses (or establish relationships with other companies engaged in the line of similar fee-based businesses) that would directly or indirectly compete with diversified fee-based businesses acquired by Altisource as they relate to the Homeward servicing platform. Certain services provided by Altisource under these contracts are charged to the borrower and/or loan investor. Accordingly, such services, while derived from our loan servicing portfolio, are not reported as expenses by Ocwen. These services include residential property valuation, residential property preservation and inspection services, title services and real estate sales. Our business is currently dependent on many of the services and products provided under these long-term contracts which are effective through 2035. The contracts include renewal provisions. We believe the rates charged under these agreements are market rates as they are materially consistent with one or more of the following: the fees charged by Altisource to other customers for comparable services and the rates Ocwen pays to or observes from other service providers. As disclosed in Note 13 - Other Assets, on March 31, 2013 Ocwen acquired from Altisource its 49% equity interest in Correspondent One. On December 27, 2012, we entered into a senior unsecured term loan facility agreement with Altisource and borrowed $75 million. The proceeds of this loan were used to fund a portion of the Homeward Acquisition. Borrowings under the Unsecured Loan Agreement bear interest at a rate equal to the one-month Eurodollar Rate (1-Month LIBOR) plus 675 basis points with a Eurodollar Rate floor of 150 basis points. In February 2013, we repaid this loan in full. |  | Relationship with HLSS Ocwen and HLSS Management entered into an agreement to provide to each other certain professional services including valuation analysis of potential MSR acquisitions, treasury management services and other similar services, legal, licensing and regulatory compliance support services, risk management services and other similar services. As disclosed in Note 4 - Asset Sales and Financing, Ocwen has sold to HLSS certain Rights to MSRs and related servicing advances. OLS also entered into a subservicing agreement with HLSS on February 10, 2012 under which it will subservice the MSRs after legal ownership of the MSRs has been transferred to HLSS. |  |  | Relationship with Executive Chairman of the Board of Directors Ocwen's Executive Chairman of the Board of Directors, William C. Erbey, also serves as Chairman of the Board of Altisource, HLSS, Altisource Residential Corporation (Residential) and Altisource Asset Management Corporation (AAMC). As a result, he has obligations to Ocwen as well as to Altisource, HLSS, Residential and AAMC. As of March 31, 2013, Mr. Erbey owned or controlled approximately 13% of the common stock of Ocwen, approximately 26% of the common stock of Altisource, approximately 2% of the common stock of HLSS, approximately 28% of the common stock of Residential and approximately 28% of the common stock of AAMC. |  |  |  |  |  |  |
Related party ownership interest in parent company and subsidiaries, percentage |  |  |  |  |  |  |  |  |  |  |  | 26.00% | 2.00% | 24.00% |  | 24.00% | 13.00% |
Noncontrolling Interest, ownership percentage by parent |  |  |  |  |  |  |  |  |  | 49.00% |  |  |  |  |  |  |  |
Related party transaction, due from (to) related party (in dollars) | $ (19,836,000) | $ (31,495,000) |  |  |  |  | $ 75,000,000 |  |  |  |  |  |  |  |  |  |  |
Term of agreement |  |  |  |  |  |  |  |  | 5 years |  |  |  |  |  |  |  |  |
Acqusition of non performing residential mortgage loan |  |  |  |  | 64,400,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Stock issued during period, shares, restricted stock award, gross |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52,589 |  |  | 29,216
Total consideration | (2,172,029,000) |  |  | 765,724,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase price paid in cash |  |  |  | 604,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business acquisition, equity interest issued or issuable, number of shares |  |  |  | 162,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business acquisition, equity interest issued or issuable, value assigned |  |  |  | $ 162,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock, dividend rate, percentage |  |  |  | 3.75% |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instrument, convertible, conversion price (in dollars per share) |  |  |  | $ 31.79 |  |  |  |  |  |  |  |  |  |  |  |  |  |

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