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NOTE 15 OTHER BORROWINGS (Detail) - (Table 1) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Discount    [1],[2]  
Discount (6,337) [1],[2] (8,232) [1],[2]
Unused Borrowing Capacity, Total 623,176  
Balance Outstanding, Total 1,987,894 1,096,679
Servicing
    
Servicing Borrowings     
Servicing Borrowings, Balance Outstanding 1,714,133 714,003
Servicing | SSTL One
    
Servicing Borrowings, Collateral (1) [1]  
Servicing Borrowings, Interest Rate 1ML + 550 bps with a LIBOR floor of 150 bps (1) [1]  
Servicing Borrowings, Maturity Sep. 30, 2016 [1]  
Servicing Borrowings    [1]  
Servicing Borrowings, Balance Outstanding    [1] 314,229 [1]
Servicing | SSTL Two
    
Servicing Borrowings, Collateral (2) [2]  
Servicing Borrowings, Maturity Feb. 28, 2018 [2]  
Servicing Borrowings    [2]  
Servicing Borrowings, Balance Outstanding 1,300,000 [2]    [2]
Servicing | Senior Unsecured Term Loan
    
Servicing Borrowings, Interest Rate 1-Month Euro-dollar rate + 675 bps with a Eurodollar floor of 150 bps [3]  
Servicing Borrowings, Maturity Mar. 31, 2017 [3]  
Servicing Borrowings    [3]  
Servicing Borrowings, Balance Outstanding    [3] 75,000 [3]
Servicing | Mortgage Servicing Rights | HLSS
    
Servicing Borrowings, Collateral MSRs (4) [4]  
Servicing Borrowings, Interest Rate (4) [4]  
Servicing Borrowings    [4]  
Servicing Borrowings, Balance Outstanding 393,776 [4] 303,705 [4]
Servicing | Mortgage Servicing Rights | Unrelated Third Party
    
Servicing Borrowings, Collateral MSRs (5) [5]  
Servicing Borrowings, Interest Rate (5) [5]  
Servicing Borrowings    [5]  
Servicing Borrowings, Balance Outstanding 1,890 [5] 2,603 [5]
Servicing | Promissory Note
    
Servicing Borrowings, Collateral MSRs [6]  
Servicing Borrowings, Interest Rate 1ML + 350 bps [6]  
Servicing Borrowings, Maturity May 31, 2017 [6]  
Servicing Borrowings    [6]  
Servicing Borrowings, Balance Outstanding 18,467 [6] 18,466 [6]
Lending
    
Servicing Borrowings 623,176  
Servicing Borrowings, Balance Outstanding 277,506 388,075
Lending | Master Repurchase Agreement | Mar. 2014
    
Servicing Borrowings, Collateral Loans held for sale (LHFS) [7]  
Servicing Borrowings, Interest Rate 1ML + 175 bps [7]  
Servicing Borrowings, Maturity Mar. 18, 2014 [7]  
Servicing Borrowings 194,788 [7]  
Servicing Borrowings, Balance Outstanding 105,212 [7] 88,122 [7]
Lending | Master Repurchase Agreement | May 2013
    
Servicing Borrowings, Collateral LHFS [8]  
Servicing Borrowings, Interest Rate 1ML + 200 bps [8]  
Servicing Borrowings, Maturity May 03, 2013 [8]  
Servicing Borrowings 195,996 [8]  
Servicing Borrowings, Balance Outstanding 54,004 [8] 133,995 [8]
Lending | Master Repurchase Agreement | Jul. 2013
    
Servicing Borrowings, Collateral LHFS  
Servicing Borrowings, Interest Rate 1ML + 200 bps  
Servicing Borrowings, Maturity Jul. 31, 2013  
Servicing Borrowings 232,392  
Servicing Borrowings, Balance Outstanding 67,608 107,020
Lending | Participation Agreement | Apr. 2013
    
Servicing Borrowings, Collateral LHFS [9]  
Servicing Borrowings, Maturity Apr. 30, 2013 [9]  
Servicing Borrowings    [9]  
Servicing Borrowings, Balance Outstanding 50,682 [9] 58,938 [9]
Corporate Items and Other | Securities Sold Under Agreement To Repurchase
    
Securities sold under an agreement to repurchase, Collateral Ocwen Real Estate Asset Liquidating Trust 2007-1 Notes [10]  
Securities sold under an agreement to repurchase, Interest Rate Class A-2 notes: 1ML + 200 bps; Class A-3 notes: 1ML + 300 bps [10]  
Securities sold under an agreement to repurchase, Maturity Monthly [10]  
Securities sold under an agreement to repurchase    [10]  
Securities sold under an agreement to repurchase, Balance Outstanding 2,592 [10] 2,833 [10]
Corporate Items and Other | Total Servicing Lines Of Credit
    
Servicing Borrowings 623,176  
Servicing Borrowings, Balance Outstanding $ 1,994,231 $ 1,104,911
[1] In February 2013, we repaid this loan in full and wrote off the remaining discount as part of the loss on extinguishment.
[2] On February 15, 2013, we entered into a new SSTL facility agreement and borrowed $1.3 billion that was used principally to fund the ResCap Acquisition and repay the balance of the previous SSTL. The loan was issued with an original issue discount of $6.5 million that we are amortizing over the term of the loan. We are required to repay the principal amount of the borrowings in consecutive quarterly installments of $3.3 million. In addition, we are required to use the net cash proceeds (as defined) from any asset sale (as defined) to repay loan principal. Generally, this provision applies to non-operating sales of assets, such as the HLSS Transactions, and generally, net cash proceeds represent the proceeds from the sale of the assets, net of the repayment of any debt secured by a lien on the assets sold. The borrowings are secured by a first priority security interest in substantially all of the assets of Ocwen. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 2.75% and a base rate floor of 2.25% or (b) the one month Eurodollar rate, plus a margin of 3.75% with a 1-Month LIBOR floor of 1.25%.
[3] We repaid this loan in full in February 2013.
[4] As part of the HLSS Transactions, we transfer certain Rights to MSRs to HLSS. Because we have not yet transferred legal title to the MSRs, we account for these transfers as financings with the proceeds from the sale of the Rights to MSRs recorded as a financing liability. The financing liability is amortized using the interest method with the servicing income that is remitted to HLSS representing payments of principal and interest. The liability has no contractual maturity but is amortized over the estimated life of transferred Rights to MSRs. The balance of the liability is reduced each month based on the change in the estimated fair value of the transferred rights to MSRs. See Note 4 - Asset Sales and Financing for additional information.
[5] We sold MSRs for certain loans to an unrelated third party in December 2012; however, we are required to repurchase the MSRs for any loans that cannot be refinanced by the purchaser under the federal government's Home Affordable Refinance Program (HARP). As a result, the sale is being accounted for as a financing. The financing liability is being amortized using the interest method with the servicing income that is remitted to the purchaser representing payments of principal and interest.
[6] Prepayments of the balance on this note may be required if the borrowing base, as defined, falls below the amount of the note outstanding.
[7] On March 19, 2013, we extended the Master Repurchase Agreement to March 18, 2014.
[8] On January 25, 2013, we extended the Master Repurchase Agreement maturity date to May 3, 2013.
[9] Under this participation agreement, the lender provides financing on an uncommitted basis for up to $100.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. However, the transaction does not qualify for sales accounting treatment as is, therefore, accounted for as a financing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement. In April 2013, we extended the participation agreement maturity date to May 31, 2014.
[10] This agreement has no stated credit limit and lending is determined for each transaction based on the acceptability of the securities presented as collateral.