XML 128 R38.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Loans Held for Sale (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 six months ended June 30:
| 2014 |  | 2013
Beginning balance | $ | 503,753 |  |  | $ | 426,480 |
Originations and purchases | 2,636,800 |  |  | 4,511,255 |
Proceeds from sales | (2,649,366 | ) |  | (4,526,875 | )
Transfers to loans held for investment - reverse mortgages | (110,874 | ) |  | — |
Gain (loss) on sale of loans | 29,735 |  |  | (37,794 | )
Other | 287 |  |  | (11,922 | )
Ending balance | $ | 410,335 |  |  | $ | 361,144 |
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 six months ended June 30:
| 2014 |  | 2013
Beginning balance | $ | 62,907 |  |  | $ | 82,866 |
Purchases | 1,864,931 |  |  | 567,437 |
Proceeds from sales | (1,574,715 | ) |  | (356,060 | )
Principal payments | (191,870 | ) |  | (212,936 | )
Transfers to accounts receivable | (79,808 | ) |  | (60,441 | )
Gain on sale of loans | 22,570 |  |  | 16,169 |
Increase in valuation allowance | (14,380 | ) |  | (2,277 | )
Other | 1,873 |  |  | (771 | )
Ending balance | $ | 91,508 |  |  | $ | 33,987 |
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 and six months ended June 30:
| Three Months |  | Six Months
| 2014 |  | 2013 |  | 2014 |  | 2013
Gain on sales of loans | $ | 48,539 |  |  | $ | 25,026 |  |  | $ | 103,501 |  |  | $ | 25,368 |
Change in fair value of IRLCs | 887 |  |  | (11,757 | ) |  | 1,874 |  |  | (12,994 | )
Change in fair value of loans held for sale | 7,184 |  |  | (5,216 | ) |  | 9,015 |  |  | (5,656 | )
Gain (loss) on economic hedge instruments | (17,428 | ) |  | 28,814 |  |  | (31,038 | ) |  | 39,003 |
Other | (346 | ) |  | (389 | ) |  | (529 | ) |  | (1,071 | )
| $ | 38,836 |  |  | $ | 36,478 |  |  | $ | 82,823 |  |  | $ | 44,650 |

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