XML 69 R111.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Borrowings - Secured Borrowings (Details) (USD $) |  |  |  |  |  |  | 12 Months Ended |  | 12 Months Ended |  |  | 12 Months Ended |  | 12 Months Ended |  |  |  | 12 Months Ended |  |  | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 Other Secured Borrowings [Member] | Dec. 31, 2012 Other Secured Borrowings [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] Senior Secured Term Loan [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] Senior Secured Term Loan [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Feb. 15, 2013 Servicing [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] Senior Unsecured Term Loan [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] Senior Unsecured Term Loan [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] Promissory Note [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] Promissory Note [Member] | Dec. 31, 2013 Servicing [Member] Other Secured Borrowings [Member] Repurchase Agreement [Member] | Dec. 31, 2012 Servicing [Member] Other Secured Borrowings [Member] Repurchase Agreement [Member] | Dec. 31, 2013 Servicing [Member] Option 1 [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2013 Servicing [Member] Option 1 B [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2013 Servicing [Member] Option 1 C [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2013 Servicing [Member] Option 2 [Member] Other Secured Borrowings [Member] Senior Secured Term Loan 2 [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] Participation Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] Participation Agreement [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] July 2014 - 1 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] July 2014 - 1 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] September 2014 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] September 2014 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] January 2013 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] January 2013 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] July 2014 - 2 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] July 2014 - 2 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] July 2014 - 3 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2012 Lending [Member] Other Secured Borrowings [Member] July 2014 - 3 [Member] Master Repurchase Agreement [Member] | Dec. 31, 2013 Corporate Items And Other [Member] Other Secured Borrowings [Member] Securities Sold Under Agreement To Repurchase [Member] | Dec. 31, 2012 Corporate Items And Other [Member] Other Secured Borrowings [Member] Securities Sold Under Agreement To Repurchase [Member] | Dec. 31, 2013 Corporate Items And Other [Member] Other Secured Borrowings [Member] Total Servicing Lines Of Credit [Member] | Dec. 31, 2012 Corporate Items And Other [Member] Other Secured Borrowings [Member] Total Servicing Lines Of Credit [Member] | Dec. 31, 2013 Lending [Member] Other Secured Borrowings [Member] Master Repurchase Agreement [Member] | Mar. 19, 2013 Lending [Member] Other Secured Borrowings [Member] Master Repurchase Agreement [Member]
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Collateral |  |  |  |  |  |  | -1 |  |  |  |  |  |  | MSRs |  |  |  |  |  |  |  |  |  | LHFS |  | LHFS |  | LHFS |  | LHFS |  | LHFS |  | LHFS |  | Ocwen Real Estate Asset Liquidating Trust 2007-1 Notes |  |  |  |  |
Debt Instrument, Interest Rate Terms |  |  |  |  |  |  | 1ML + 550 bps with a LIBOR floor of 150 bps (1) |  |  |  |  | 1-Month Euro-dollar rate + 675 bps with a Eurodollar floor of 150 bps |  | 1ML + 350 bps |  |  |  |  |  |  |  |  |  | N/A |  | 1ML + 175 - 275 bps |  | 1ML + 175 - 200 bps |  | 1ML + 175 bps |  | 1ML + 275bps |  | 1ML + 275 bps; floor of 350 bps |  | Class A-2 notes: 1ML + 200 bps; Class A-3 notes: 1ML + 300 bps |  |  |  |  |
Debt Instrument, Maturity Date, Description |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Monthly |  |  |  |  |
Debt Instrument, Unused Borrowing Capacity, Amount |  |  |  |  | $ 82,493,000 |  | $ 0 |  | $ 0 |  |  | $ 0 |  | $ 0 |  | $ 82,493,000 |  |  |  |  |  | $ 536,248,000 |  | $ 0 |  | $ 58,010,000 |  | $ 210,164,000 |  | $ 194,341,000 |  | $ 48,025,000 |  | $ 25,708,000 |  | $ 0 |  | $ 618,741,000 |  |  |
Long-term Debt, Gross | 1,284,229,000 | 306,308,000 |  |  | 1,323,286,000 | 407,695,000 | 0 | 314,229,000 | 1,290,250,000 |  | 0 | 0 | 75,000,000 | 15,529,000 | 18,466,000 | 17,507,000 | 0 |  |  |  |  | 455,020,000 | 388,075,000 | 81,268,000 | 58,938,000 | 91,990,000 | 133,995,000 | 89,836,000 | 107,020,000 | 105,659,000 | 88,122,000 | 51,975,000 | 0 | 34,292,000 | 0 | 4,712,000 | 2,833,000 | 1,783,018,000 | 798,603,000 |  |
Debt Instrument, Face Amount |  |  |  |  |  |  |  |  |  | 1,300,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 300,000,000 | 125,000,000
Debt Instrument, Unamortized Discount |  |  | (5,349,000) | (8,232,000) |  |  |  |  |  | (6,500,000) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |  |  |  |  |  |  |  |  |  | 3,300,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mandatory Principal Repayment of Net Cash Proceeds from Asset Sale, Period |  |  |  |  |  |  |  |  | 180 days |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.50% | 2.75% | 3.75% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument Interest Rate At Index Floor Rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.25% | 1.25% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Description of Variable Rate Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | the prime rate in effect on such day | the federal funds rate in effect on such day | the one-month Eurodollar rate (1-Month LIBOR) | the one month Eurodollar rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock To Be Repurchased |  |  |  |  |  |  |  |  | 1,500,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term Debt | 4,142,483,000 |  | 1,777,669,000 | 790,371,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured Debt, Other | $ 1,777,669,000 | $ 790,371,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt, Weighted Average Interest Rate |  |  | 4.86% | 4.49% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Represents the amount of common stock that may be repurchased under the amendments to the SSTL lending agreement. + References No definition available. + Details
Name: | ocn_CommonStockToBeRepurchased
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the index floor rate used for interest rate on the debt instrument. + References No definition available. + Details
Name: | ocn_DebtInstrumentInterestRateAtIndexFloorRate
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Mandatory Principal Repayment of Net Cash Proceeds from Asset Sale, Period + References No definition available. + Details
Name: | ocn_MandatoryPrincipalRepaymentofNetCashProceedsfromAssetSalePeriod
Namespace Prefix: | ocn_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Discussion of whether the debt instrument is secured or unsecured, and, if secured, a description of the collateral and guarantees required or provided. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentCollateral
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateTerms
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDateDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Subparagraph b -Article 5 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
Name: | us-gaap_DebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

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

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of other collateralized debt obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
Name: | us-gaap_SecuredDebtOther
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant