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NOTE 20 BASIC AND DILUTED EARNINGS PER SHARE (EPS) (Detail) - (Table 1) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Basic EPS:        
Net income attributable to Ocwen common stockholders (in dollars) $ 74,116 $ 44,833 $ 116,692 $ 64,182
Weighted average shares of common stock 135,690,264 134,856,101 135,664,242 132,752,848
Basic EPS $ 0.55 $ 0.33 $ 0.86 $ 0.48
Diluted EPS:        
Net income attributable to Ocwen common stockholders (in dollars) 74,116 44,833 116,692 64,182
Preferred stock dividends 2,605 [1]    [1]    [1]    [1]
Interest expense on Convertible Notes, net of income tax (in dollars)    [2]    [2]    [2] 98 [2]
Adjusted net income attributable to Ocwen (in dollars) $ 76,721 $ 44,833 $ 116,692 $ 64,280
Weighted average shares of common stock 135,690,264 134,856,101 135,664,242 132,752,848
Effect of dilutive elements:        
Preferred Shares 5,095,942 [1]    [1]    [1]    [1]
Convertible Notes    [2]    [2]    [2] 2,028,868 [2]
Stock options 3,924,536 3,297,798 3,913,463 3,317,685
Common stock awards 10,305 1,474 14,253 1,421
Dilutive weighted average shares of common stock 144,721,047 138,155,373 139,591,958 138,100,822
Diluted EPS (in dollars per share) $ 0.53 $ 0.32 $ 0.84 $ 0.47
Stock options excluded from the computation of diluted EPS:        
Anti-dilutive    [3] 166,250 [3]    [3] 158,750 [3]
Market-based 1,530,000 [4] 558,750 [4] 1,530,000 [4] 558,750 [4]
[1] The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. In the three months ended June 30, 2013, the effect of the Preferred Shares was dilutive, and we added back preferred stock dividends, including the deemed dividend related to the BCF of the Preferred Shares, to net income. We assumed no conversion to common shares for the six months ended June 30, 2013 because the effect was anti-dilutive.
[2] Prior to the redemption of the 3.25% Convertible Notes in March 2012, we also computed their effect on diluted EPS using the if-converted method. Interest expense and related amortization costs applicable to the Convertible Notes, net of income tax, were added back to net income. We assumed the conversion of the Convertible Notes into shares of common stock for purposes of computing diluted EPS unless the effect was anti-dilutive. We issued 4,635,159 shares of common stock upon conversion of $56.4 million of the Convertible Notes.
[3] These stock options were anti-dilutive because their exercise price was greater than the average market price of our stock.
[4] Shares that are issuable upon the achievement of certain performance criteria related to OCN's stock price and an annualized rate of return to investors.