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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
ResCap [Member]
Jun. 30, 2013
ResCap [Member]
Jun. 30, 2014
Ocwen Structured Investments, LLC (OSI) [Member]
Jun. 30, 2013
Ocwen Structured Investments, LLC (OSI) [Member]
Jun. 30, 2014
Liberty Acquisition [Member]
Jun. 30, 2013
Liberty Acquisition [Member]
Jun. 30, 2014
Correspondent One [Member]
Jun. 30, 2013
Correspondent One [Member]
Cash flows from operating activities                    
Net income $ 127,498 $ 114,571                
Adjustments to reconcile net income to net cash provided by operating activities:                    
Amortization of mortgage servicing rights 125,292 118,252                
Depreciation 10,846 10,455                
Provision for bad debts 52,564 12,756                
Gain on sale of loans (82,823) (44,650)                
Realized and unrealized losses on derivative financial instruments 1,539 3,723                
(Gain) loss on extinguishment of debt (2,609) 13,838                
Loss (gain) on valuation of mortgage servicing rights, at fair value 11,809 (11,950)                
Decrease (increase) in deferred tax assets, net 16,547 (1,968)                
Origination and purchase of loans held for sale (4,501,731) (5,019,833)                
Proceeds from sale and collections of loans held for sale 4,422,560 5,095,388                
Changes in assets and liabilities:                    
Decrease in advances and match funded advances 123,299 429,151                
(Increase) decrease in receivables and other assets, net (1,022) 112,113                
(Decrease) increase in other liabilities (116,971) 45,130                
Other, net 23,225 (9,344)                
Net cash provided by operating activities 210,023 867,632                
Cash flows from investing activities                    
Cash paid to acquire business     (54,220) (2,097,821) (7,833) 0 0 (26,568)    
Net cash acquired in acquisition                 0 (22,108)
Distributions of capital from unconsolidated entities 6,572 1,300                
Purchase of mortgage servicing rights, net (9,749) (543,621)                
Acquisition of advances in connection with the purchase of mortgage servicing rights (84,373) (73,523)                
Acquisition of advances in connection with the purchase of loans (60,482) 0                
Proceeds from sale of advances and match funded advances 0 1,079,777                
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 0 215,700                
Origination of loans held for investment – reverse mortgages (357,104) (63,029)                
Principal payments received on loans held for investment - reverse mortgages 28,601 871                
Additions to premises and equipment (5,092) (19,413)                
Other 1,481 478                
Net cash used in investing activities (542,199) (1,503,741)                
Cash flows from financing activities                    
Repayment of match funded liabilities (292,297) (140,913)                
Proceeds from other secured borrowings 3,007,709 6,342,432                
Repayments of other secured borrowings (3,139,093) (5,546,410)                
Proceeds from issuance of senior unsecured notes 350,000 0                
Payment of debt issuance costs (6,417) (24,931)                
Proceeds from sale of mortgage servicing rights accounted for as a financing 123,551 162,434                
Proceeds from sale of loans accounted for as a financing 381,579 65,938                
Proceeds from sale of advances accounted for as a financing 81,828                   
Repurchase of common stock (94,607) 0                
Payment of preferred stock dividends (1,163) (3,088)                
Other 2,045 264                
Net cash provided by financing activities 413,135 855,726                
Net increase in cash 80,959 219,617                
Cash at beginning of year 178,512 220,130                
Cash at end of period 259,471 439,747                
Fair value of assets acquired                    
Advances        [1] (1,786,409) [1]            
Mortgage servicing rights        [1] (401,314) [1]            
Deferred tax assets        [1] 0            
Premises and equipment        [1] (16,423) [1]            
Goodwill        [1] (211,419) [1]            
Debt service accounts        [1] 0            
Receivables and other assets        [1] (2,989) [1]            
Fair value of assets acquired, total        [1] (2,418,554) [1]            
Fair value of liabilities assumed                    
Accrued expenses and other liabilities        [1] 74,625 [1]            
Total consideration        [1] (2,343,929) [1]            
Amount due to seller        [1],[2] 246,108 [1],[2]            
Cash paid        [1] $ 2,097,821 [1]            
[1] See Note 3 – Business Acquisitions for information regarding the acquisitions of Ocwen Structured Investments, LLC and Correspondent One S.A. during the three months ended March 31, 2014 and 2013, respectively.
[2] Amount due to seller includes $54.2 million 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.