XML 81 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Mezzanine Equity | 9 Months Ended
--- | ---
Sep. 30, 2014
Temporary Equity Disclosure [Abstract] |
Mezzanine Equity | Note 13 – Mezzanine Equity On July 14, 2014, holders of our Series A Perpetual Convertible Preferred Stock (the Preferred Shares) elected to convert the remaining 62,000 shares into 1,950,296 shares of common stock. The following table summarizes the activity in mezzanine equity for the nine months ended September 30:
| 2014 |  | 2013
Beginning balance | $ | 60,361 |  |  | $ | 153,372 |
Conversion of Preferred Shares | (62,000 | ) |  | (100,000 | )
Accretion of beneficial conversion feature discount (Deemed dividend) (1) | 1,639 |  |  | 6,573 |
Ending balance | $ | — |  |  | $ | 59,945 |
(1) | Accretion includes an accelerated write-off of the unamortized discount of $0.8 million and $3.5 million related to the conversion of Preferred Shares during 2014 and 2013, respectively.

X
- Definition Debt and equity financing that is typically used to finance the expansion of existing companies. Mezzanine financing is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. It is generally subordinated to debt provided by senior lenders such as banks and venture capital companies. + References No definition available. + Details
Name: | ocn_MezzanineEquityTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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