Description of Business and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Change in Accounting Estimate

This change had the effect of reducing amortization expense and increasing both net income and earnings per share in our unaudited Consolidated Statements of Operations for the three and six months ended June 30, 2014 as follows:



	Three Months			Six Months
Reduction in Amortization of mortgage servicing rights	$	(21,937	)	$	(47,935	)

Increase in Net income attributable to Ocwen common stockholders	$	19,205		$	41,960

Increase in Earnings per share attributable to Ocwen common stockholders:
Basic	$	0.14		$	0.31
Diluted	$	0.14		$	0.30

- Definition

Tabular disclosure of the change in an accounting estimate, including a change that occurs in an interim period. If a change in accounting estimate affects several future periods (for example, a change in the service life of a depreciable asset) disclose the effect on income from continuing operations, net income (or other appropriate captions of changes in the applicable net assets or performance indicator), and any related per-share amounts of the current period. Disclosure of the effects of a change in an accounting estimate that occurs in the ordinary course of business (such as uncollectible accounts or inventory obsolescence) is not required, unless the effect is material.

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