XML 126 R70.htm IDEA: XBRL DOCUMENT
v2.4.0.8

NOTE 5 FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail) - (Table 2) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
Fair Value Of Financial Instrument [Line Items] |  |  |  |  |  |  |  |
Beginning balance | $ 65,899 |  | $ (12,806) |  | $ 74,545 |  | $ (16,676) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 72 |  |  |  | 72 |  |  |
Issuances | (2,909) |  |  |  | (2,909) |  |  |
Sales | 24,156 |  |  |  | 24,156 |  |  |
Settlements | (1,379) |  | 65 |  | (1,070) |  | 2,422 |
Total | 19,940 |  | 65 |  | 20,249 |  | 2,422 |
Total realized and unrealized gains and (losses) |  |  |  |  |  |  |  |
Included in Other, net | 19,947 | [1] | 1,843 | [1] | 17,916 | [1] | 5,248 | [1]
Included in Other comprehensive income (loss) | (5,439) | [1] | (4,007) | [1] | (12,363) | [1] | (5,899) | [1]
Total | 14,508 | [1] | (2,164) | [1] | 5,553 | [1] | (651) | [1]
Transfers in and / or out of Level 3 |  |  |  |  |  |  |  |
Ending balance | 100,347 |  | (14,905) |  | 100,347 |  | (14,905) |
Loans - restricted for securitization investors |  |  |  |  |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |  |  |  |  |
Beginning balance |  |  |  |  |  |  |  |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | 10,251 |  |  |  | 10,251 |  |  |
Issuances | 63,029 |  |  |  | 63,029 |  |  |
Sales |  |  |  |  |  |  |  |
Settlements | (871) |  |  |  | (871) |  |  |
Total | 72,409 |  |  |  | 72,409 |  |  |
Total realized and unrealized gains and (losses) |  |  |  |  |  |  |  |
Included in Other, net | 4,240 | [1] |  | [1] | 4,240 | [1] |  | [1]
Included in Other comprehensive income (loss) |  | [1] |  | [1] |  | [1] |  | [1]
Total | 4,240 | [1] |  | [1] | 4,240 | [1] |  | [1]
Transfers in and / or out of Level 3 |  |  |  |  |  |  |  |
Ending balance | 76,649 |  |  |  | 76,649 |  |  |
Secured borrowings - owed to securitization investors |  |  |  |  |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |  |  |  |  |
Beginning balance |  |  |  |  |  |  |  |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases | (10,179) |  |  |  | (10,179) |  |  |
Issuances | (65,938) |  |  |  | (65,938) |  |  |
Sales |  |  |  |  |  |  |  |
Settlements | 867 |  |  |  | 867 |  |  |
Total | (75,250) |  |  |  | (75,250) |  |  |
Total realized and unrealized gains and (losses) |  |  |  |  |  |  |  |
Included in Other, net | 1,609 | [1] |  | [1] | 1,609 | [1] |  | [1]
Included in Other comprehensive income (loss) |  | [1] |  | [1] |  | [1] |  | [1]
Total | 1,609 | [1] |  | [1] | 1,609 | [1] |  | [1]
Transfers in and / or out of Level 3 |  |  |  |  |  |  |  |
Ending balance | (73,641) |  |  |  | (73,641) |  |  |
Derivative Financial Instruments |  |  |  |  |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |  |  |  |  |
Beginning balance | (18,635) |  | (12,806) |  | (10,668) |  | (16,676) |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  |  |  |  |  |  |  |
Issuances |  |  |  |  |  |  |  |
Sales | 24,156 |  |  |  | 24,156 |  |  |
Settlements | (1,375) |  | 65 |  | (1,066) |  | 2,422 |
Total | 22,781 |  | 65 |  | 23,090 |  | 2,422 |
Total realized and unrealized gains and (losses) |  |  |  |  |  |  |  |
Included in Other, net | 1,469 | [1] | 1,843 | [1] | 117 | [1] | 5,248 | [1]
Included in Other comprehensive income (loss) | (5,439) | [1] | (4,007) | [1] | (12,363) | [1] | (5,899) | [1]
Total | (3,970) | [1] | (2,164) | [1] | (12,246) | [1] | (651) | [1]
Transfers in and / or out of Level 3 |  |  |  |  |  |  |  |
Ending balance | 176 |  | (14,905) |  | 176 |  | (14,905) |
MSRs at Fair Value |  |  |  |  |  |  |  |
Fair Value Of Financial Instrument [Line Items] |  |  |  |  |  |  |  |
Beginning balance | 84,534 |  |  |  | 85,213 |  |  |
Purchases, issuances, sales and settlements: |  |  |  |  |  |  |  |
Purchases |  |  |  |  |  |  |  |
Issuances |  |  |  |  |  |  |  |
Sales |  |  |  |  |  |  |  |
Settlements |  |  |  |  |  |  |  |
Total |  |  |  |  |  |  |  |
Total realized and unrealized gains and (losses) |  |  |  |  |  |  |  |
Included in Other, net | 12,629 | [1] |  | [1] | 11,950 | [1] |  | [1]
Included in Other comprehensive income (loss) |  | [1] |  | [1] |  | [1] |  | [1]
Total | 12,629 | [1] |  | [1] | 11,950 | [1] |  | [1]
Transfers in and / or out of Level 3 |  |  |  |  |  |  |  |
Ending balance | $ 97,163 |  |  |  | $ 97,163 |  |  |
[1] | Total net gains (losses) attributable to derivative financial instruments held at June 30, 2013 were $0.1 million for the three months ended June 30, 2013. For derivative financial instruments held at June 30, 2012, total net gains (losses) were $(2.2) million and $(6.4) million for the three and six months ended June 30, 2012, respectively.

X
- Definition Amount of gain (loss) recognized arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsAndOtherComprehensiveIncomeLoss
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Details
Name: | ocn_TotalRealizedAndUnrealizedGainsAndLosses1Abstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This item represents the amount of the total realized and unrealized gains or losses for the period which are included in the statement of income (or changes in net assets) in other income; the fair value of which assets was or is measured on a recurring basis using significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c(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_FairValueAssetsMeasuredOnRecurringBasisGainLossIncludedInOtherIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in other comprehensive income, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Issues that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Purchases that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of purchases, sales, issues, and settlements (net) which have taken place in relation to assets measured at fair value on a recurring basis using unobservable inputs (level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c(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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sales that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents [net] transfers in to and out of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) which have taken place during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c(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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents an asset measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -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. + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant