XML 125 R38.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Loans Held for Sale (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Receivables [Abstract] |
Schedule of Loans Held for Sale Fair Value | The following table summarizes the activity in the balance of Loans held for sale, at fair value, during the three months ended March 31:
| 2014 |  | 2013
Beginning balance | $ | 503,753 |  |  | $ | 426,480 |
Originations and purchases | 1,416,797 |  |  | 2,462,531 |
Proceeds from sales | (1,481,403 | ) |  | (2,563,247 | )
Transfers to loans held for investment - reverse mortgages | (110,874 | ) |  | — |
Gain (loss) on sale of loans | 12,863 |  |  | (29,786 | )
Other | (2,908 | ) |  | (464 | )
Ending balance | $ | 338,228 |  |  | $ | 295,514 |
Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity | The following table summarizes the activity in the balance of Loans held for sale, at lower of cost or fair value, during the three months ended March 31:
| 2014 |  | 2013
Beginning balance | $ | 62,907 |  |  | $ | 82,866 |
Purchases | 959,756 |  |  | 53,674 |
Proceeds from sales | (835,786 | ) |  | (66,868 | )
Principal payments | (96,300 | ) |  | (460 | )
Transfers to accounts receivable | (66,187 | ) |  | — |
Gain on sale of loans | 23,031 |  |  | 1,423 |
Increase in valuation allowance | (4,163 | ) |  | (7,269 | )
Modifications, charge offs and other | 2,217 |  |  | (751 | )
Ending balance | $ | 45,475 |  |  | $ | 62,615 |
Schedule of Gains on Loans Held for Sale | The following table summarizes the activity in Gain on loans held for sale, net, during the three months ended March 31:
| 2014 |  | 2013
Gain on sales of loans (1)(2) | $ | 54,993 |  |  | $ | (1,081 | )
Change in fair value of IRLCs | 986 |  |  | (1,237 | )
Change in fair value of loans held for sale | 1,800 |  |  | (440 | )
Gain (loss) on economic hedge instruments | (13,610 | ) |  | 10,189 |
Other | (182 | ) |  | (682 | )
| $ | 43,987 |  |  | $ | 6,749 |
(1) | Includes gains of $11.6 million and $28.7 million for the three months ended March 31, 2014 and 2013, respectively, representing the value assigned to MSRs retained on sales of loans. Also includes gains of $22.8 million recorded during the three months ended March 31, 2014 on sales of repurchased loans into Ginnie Mae guaranteed securitizations.
(2) | Includes gains of $16.1 million recorded during the three months ended March 31, 2014 in connection with sales of reverse mortgages into Ginnie Mae guaranteed securitizations.

X
- Definition Gain On Loans Held For Sale [Table Text Block] + References No definition available. + Details
Name: | ocn_GainOnLoansHeldForSaleTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Loans Held For Sale Carried At Fair Value [Table Text Block] + References No definition available. + Details
Name: | ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity [Table Text Block] + References No definition available. + Details
Name: | ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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