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Restatement of Previously Issued Consolidated Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]  
Schedule of Effects of Restatement
The following tables summarize the effect of these restatements on our previously reported amounts.
 
Consolidated Statement of Operations for the Three Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Interest expense
$
(110,055
)
 
$
(6,830
)
 
$
(116,885
)
Total other expense, net
(108,705
)
 
(6,830
)
 
(115,535
)
Income before income taxes
76,275

 
(6,830
)
 
69,445

Income tax expense
9,273

 
(400
)
 
8,873

Net income
67,002

 
(6,430
)
 
60,572

Net income attributable to Ocwen common stockholders
61,155

 
(6,430
)
 
54,725

Earnings per share attributable to Ocwen common stockholders
 
 
 
 
 
Basic
$
0.45

 
$
(0.05
)
 
$
0.40

Diluted
$
0.44

 
$
(0.05
)
 
$
0.39

 
Consolidated Statement of Operations for the Nine Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Interest expense
$
(303,339
)
 
$
(16,225
)
 
$
(319,564
)
Total other expense, net
(306,780
)
 
(16,225
)
 
(323,005
)
Income before income taxes
215,120

 
(16,225
)
 
198,895

Income tax expense
26,250

 
(2,498
)
 
23,752

Net income
188,870

 
(13,727
)
 
175,143

Net income attributable to Ocwen common stockholders
177,847

 
(13,727
)
 
164,120

Earnings per share attributable to Ocwen common stockholders
 
 
 
 
 
Basic
$
1.31

 
$
(0.10
)
 
$
1.21

Diluted
$
1.27

 
$
(0.10
)
 
$
1.17

 
Consolidated Statement of Comprehensive Income for the Three Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Net income
$
67,002

 
$
(6,430
)
 
$
60,572

Comprehensive income
71,747

 
(6,430
)
 
65,317

 
Consolidated Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Net income
$
188,870

 
$
(13,727
)
 
$
175,143

Comprehensive income
188,242

 
(13,727
)
 
174,515

 
Consolidated Statement of Changes in Equity for the Nine Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Net income
$
188,870

 
$
(13,727
)
 
$
175,143

 
Consolidated Statement of Cash Flows for the Nine Months Ended September 30, 2013
 
As Reported
 
Restatement
 
As Restated
Net income
$
188,870

 
$
(13,727
)
 
$
175,143

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Decrease (increase) in deferred tax assets, net
105

 
(2,498
)
 
(2,393
)
Net cash provided by operating activities
1,020,455

 
(16,225
)
 
1,004,230

Repayments of other secured borrowings
(7,182,275
)
 
16,225

 
(7,166,050
)
Net cash used in financing activities
(933,136
)
 
16,225

 
(916,911
)