XML 201 R90.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 14 MATCH FUNDED LIABILITIES (Detail) - (Table 1) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Available Borrowing Capacity $ 983,168 [1]  
Balance Outstanding 2,391,832 2,532,745
2011-Servicer Advance Revolving Trust 1
    
Interest Rate 2.23% [2]  
Maturity May 31, 2043 [2],[3]  
Amortization Date May 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 325,000 [2]
2011-Servicer Advance Revolving Trust 1
    
Interest Rate 3.37 - 5.92% [2]  
Maturity May 31, 2043 [2],[3]  
Amortization Date May 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 525,000 [2]
2012-Servicing Advance Revolving Trust 2
    
Interest Rate 3.27 - 6.90% [2]  
Maturity Sep. 30, 2043 [2],[3]  
Amortization Date Sept. 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 250,000 [2]
2012-Servicing Advance Revolving Trust 3
    
Interest Rate 2.98% [2]  
Maturity Mar. 31, 2043 [2],[3]  
Amortization Date Mar. 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 248,999 [2]
2012-Servicing Advance Revolving Trust 3
    
Interest Rate 3.72 - 7.04% [2]  
Maturity Mar. 31, 2044 [2],[3]  
Amortization Date Mar. 2014 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 299,278 [2]
Total fixed rate
    
Available Borrowing Capacity    [1]  
Balance Outstanding    1,648,277
Advance Receivable Backed Notes
    
Interest Rate 1-month LIBOR (1ML) + 285 bps [4]  
Maturity Apr. 30, 2015 [2],[3],[4],[5]  
Amortization Date Apr. 2014 [3],[4],[5],[6]  
Available Borrowing Capacity 168,640 [1],[4],[5],[6]  
Balance Outstanding 131,360 [4] 205,016 [4]
Advance Receivable Backed Notes Series 2012-ADV1
    
Interest Rate Commercial paper (CP) rate + 225 or 335 bps  
Maturity Dec. 31, 2043 [3]  
Amortization Date Dec. 2013 [3]  
Available Borrowing Capacity 276,618 [1]  
Balance Outstanding 173,382 232,712
Advance Receivable Backed Notes Series 2012-ADV1
    
Interest Rate 1ML + 250 bps  
Maturity Jun. 30, 2016 [3]  
Amortization Date June 2014 [3]  
Available Borrowing Capacity 25,000 [1]  
Balance Outstanding 200,000 94,095
Advance Receivable Backed Note
    
Interest Rate 1ML + 300 bps  
Maturity Dec. 31, 2015 [3]  
Amortization Date Dec. 2014 [3]  
Available Borrowing Capacity 10,827 [1]  
Balance Outstanding 39,173 49,138
2011-Servicing Advance Revolving Trust 1
    
Interest Rate 1ML + 300 bps [2]  
Maturity May 31, 2043 [2],[3]  
Amortization Date May 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 204,633 [2]
2012-Servicing Advance Revolving Trust 2
    
Interest Rate 1ML + 315 bps [2]  
Maturity Sep. 30, 2043 [2],[3]  
Amortization Date Sept. 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 22,003 [2]
2012-Servicing Advance Revolving Trust 3
    
Interest Rate 1ML + 300 bps - 675 bps [2]  
Maturity Mar. 31, 2044 [2],[3]  
Amortization Date Mar. 2014 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 40,626 [2]
2012-Homeward Agency Advance Funding Trust 2012-1
    
Interest Rate 1ML + 300 bps  
Maturity Sep. 30, 2013 [3]  
Amortization Date Sept. 2013 [3]  
Available Borrowing Capacity 3,581 [1]  
Balance Outstanding 21,419 16,094
2012-Homeward DSF Advance Revolving Trust 2012-1
    
Interest Rate 1ML + 450 bps [2]  
Maturity Feb. 28, 2013 [2],[3]  
Amortization Date Feb. 2013 [2],[3]  
Available Borrowing Capacity    [1],[2]  
Balance Outstanding    [2] 20,151 [2]
Homeward Residential Bridge Loan Trust - 2013 Series-Bridge-VF1 and VF2
    
Interest Rate 1ML + 150 bps [2],[3],[4],[5]  
Maturity Aug. 31, 2043 [2],[3],[5]  
Amortization Date Aug. 2013 [2],[3],[5]  
Available Borrowing Capacity 133,162 [1],[2],[5]  
Balance Outstanding 766,838 [2],[5]    [2],[5]
Ocwen Servicer Advance Receivables Trust - Series 2013-VF1 Class A, B, C and D Notes
    
Interest Rate 1ML + 150 - 525 bps [3],[4],[5],[6]  
Maturity Feb. 29, 2044 [3],[5],[6]  
Amortization Date Feb. 2014 [3],[5],[6]  
Available Borrowing Capacity 351,254 [1],[5],[6]  
Balance Outstanding 848,746 [5],[6]    [5],[6]
Ocwen Servicer Advance Receivables Trust II - Series 2013-VF1 Class A, B, C and D Notes
    
Interest Rate 1ML + 287.5 bps [1],[4],[5],[6]  
Maturity Feb. 29, 2044 [3],[5],[6]  
Amortization Date Feb. 2014 [3],[5],[6]  
Available Borrowing Capacity 14,086 [1],[5],[6]  
Balance Outstanding 210,914 [5],[6]    [5],[6]
Total variable rate
    
Available Borrowing Capacity 983,168 [1]  
Balance Outstanding $ 2,391,832 $ 884,468
[1] Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At June 30, 2013, none of the available borrowing capacity could be used because we had borrowed the maximum amount against the pledged collateral.
[2] Facility was repaid in February 2013 from the proceeds of a new $1.4 billion bridge facility (Homeward Residential Bridge Loan Trust - 2013) which has an amortization date of August 14, 2013. On May 24, 2013, the total maximum borrowing capacity for this facility was reduced to $900,000.
[3] The amortization date of our facilities is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
[4] We repaid this facility in full in July 2013.
[5] On July 1, 2013, we repaid these facilities in full from the proceeds received on the sale of servicing advances to HLSS. See Note 25 - Subsequent Events for additional information regarding this transaction.
[6] We entered into these facilities in connection with the ResCap Acquisition (See Note 4 - Business Acquisitions).