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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Servicing and subservicing fees $ 483,267 $ 223,011 $ 1,333,392 $ 578,435
Gain on loans held for sale, net 28,262   72,912  
Other revenues 19,711 9,689 76,014 30,178
Total revenue 531,240 232,700 1,482,318 608,613
Operating expenses        
Compensation and benefits 118,054 29,759 330,679 90,546
Amortization of servicing rights 79,183 20,150 197,435 53,561
Servicing and origination 34,236 9,838 89,740 18,988
Technology and communications 38,809 11,608 102,698 31,999
Professional services 19,090 5,241 99,228 19,743
Occupancy and equipment 30,786 10,899 74,631 36,484
Other operating expenses 26,102 5,298 66,007 13,489
Total operating expenses 346,260 92,793 960,418 264,810
Income from operations 184,980 139,907 521,900 343,803
Other income (expense)        
Interest income 5,379 2,084 17,330 6,434
Interest expense (110,055) (58,417) (303,339) (163,660)
Gain (loss) on debt redemption 1,282 (653) (12,556) (653)
Other, net (5,311) (2,175) (8,215) (4,895)
Other expense, net (108,705) (59,161) (306,780) (162,774)
Income before income taxes 76,275 80,746 215,120 181,029
Income tax expense 9,273 29,346 26,250 65,447
Net income 67,002 51,400 188,870 115,582
Preferred stock dividends (1,446)   (4,450)  
Deemed dividend related to beneficial conversion feature of preferred stock (4,401)   (6,573)  
Net income attributable to Ocwen common stockholders $ 61,155 $ 51,400 $ 177,847 $ 115,582
Earnings per share attributable to Ocwen common stockholders        
Basic (in dollars per share) $ 0.45 $ 0.38 $ 1.31 $ 0.87
Diluted (in dollars per share) $ 0.44 $ 0.37 $ 1.27 $ 0.84
Weighted average common shares outstanding        
Basic (in shares) 135,787,834 134,928,486 135,705,892 133,483,354
Diluted (in shares) 140,057,195 138,702,881 139,747,490 138,301,865