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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income attributable to Ocwen stockholders $ 75,846 $ 45,147
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of mortgage servicing rights 62,094 47,883
Depreciation 5,540 4,513
Provision for bad debts 31,386 60
Gain on sale of loans (43,987) (6,749)
Realized and unrealized losses on derivative financial instruments 920 5,736
(Gain) loss on extinguishment of debt (2,253) 17,030
Gain on valuation of mortgage servicing rights, at fair value 5,148 679
Origination and purchase of loans held for sale (2,378,056) (2,515,084)
Proceeds from sale and collections of loans held for sale 2,414,699 2,629,152
Changes in assets and liabilities:    
Decrease in advances and match funded advances 13,434 186,420
(Increase) decrease in receivables and other assets, net 48,437 [1] (41,443) [1]
(Decrease) increase in other liabilities (41,170) 18,983
Other, net 21,000 9,614
Net cash provided by operating activities 213,038 401,941
Cash flows from investing activities    
Purchase of mortgage servicing rights, net (6,698) (971)
Acquisition of advances in connection with the purchase of mortgage servicing rights (83,942)   
Acquisition of advances in connection with the purchase of loans (60,482) 0
Proceeds from sale of advances and match funded advances 0 713,582
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 0 86,950
Origination of loans held for investment – reverse mortgages (176,658) 0
Principal payments received on loans held for investment - reverse mortgages 14,030 0
Additions to premises and equipment (3,308) (4,201)
Other 891 1,300
Net cash used in investing activities (378,220) (1,279,053)
Cash flows from financing activities    
(Repayment of) proceeds from match funded liabilities (3,151) 450,239
Proceeds from other borrowings 1,497,669 3,778,876
Repayments of other borrowings (1,670,159) (2,985,417)
Payment of debt issuance costs – senior secured term loan (175) (24,048)
Proceeds from sale of mortgage servicing rights accounted for as a financing 123,551 100,737
Proceeds from sale of loans accounted for as a financing 226,626   
Proceeds from sale of advances accounted for as a financing 55,702   
Repurchase of common stock (2,308) 0
Other 1,301   
Net cash provided by financing activities 229,056 1,320,387
Net increase in cash 63,874 443,275
Cash at beginning of year 178,512 220,130
Cash at end of period 242,386 663,405
Fair value of liabilities assumed    
Cash paid $ 54,220  
[1] Amount due seller includes $54,220 paid in 2014 for certain mortgage servicing rights and related servicing advances which we were obligated to acquire that were not settled as part of the initial closing.