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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue    
Servicing and subservicing fees $ 369,309 $ 155,103
Gain on loans held for sale, net 6,749   
Other revenues 30,601 9,443
Total revenue 406,659 164,546
Operating expenses    
Compensation and benefits 94,626 30,783
Amortization of servicing rights 47,883 14,314
Servicing and origination 23,913 3,287
Technology and communications 30,012 9,349
Professional services 14,065 8,559
Occupancy and equipment 18,249 15,305
Other operating expenses 14,778 4,530
Total operating expenses 243,526 86,127
Income from operations 163,133 78,419
Other income (expense)    
Interest income 5,185 2,312
Interest expense (93,416) (46,924)
Loss on debt redemption (17,030)  
Other, net (6,537) (3,688)
Other expense, net (111,798) (48,300)
Income before income taxes 51,335 30,119
Income tax expense 6,188 10,770
Net income 45,147 19,349
Preferred stock dividends (1,485)  
Deemed dividend related to beneficial conversion feature of preferred stock (1,086)  
Net income attributable to Ocwen common stockholders $ 42,576 $ 19,349
Earnings per share attributable to Ocwen common stockholders    
Basic (in dollars per share) $ 0.31 $ 0.15
Diluted (in dollars per share) $ 0.31 $ 0.14
Weighted average common shares outstanding    
Basic (in shares) 135,638,567 130,649,595
Diluted (in shares) 139,559,157 138,046,270