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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 19 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
ResCap [Member]
Cash flows from operating activities      
Net income $ 52,240 $ 175,143  
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of mortgage servicing rights 186,075 197,435  
Depreciation 16,601 17,153  
Provision for bad debts 49,583 22,386  
Gain on sale of loans (110,041) (72,912)  
Realized and unrealized losses on derivative financial instruments 1,955 12,896  
(Gain) loss on extinguishment of debt (2,609) 12,556  
Loss (gain) on valuation of mortgage servicing rights, at fair value 13,147 (11,725)  
Decrease (increase) in deferred tax assets, net 35,884 (2,393)  
Origination and purchase of loans held for sale (6,007,152) (7,072,260)  
Proceeds from sale and collections of loans held for sale 6,013,059 7,006,883  
Changes in assets and liabilities:      
Decrease in advances and match funded advances 236,688 424,008  
(Increase) decrease in receivables and other assets, net (11,806) 265,554  
(Decrease) increase in other liabilities 46,243 27,783  
Other, net 39,148 1,723  
Net cash provided by operating activities 559,015 1,004,230  
Cash flows from investing activities      
Distributions of capital from unconsolidated entities 6,572 1,300  
Purchase of mortgage servicing rights, net (19,395) (676,750)  
Acquisition of advances in connection with the purchase of mortgage servicing rights (84,373) (445,478)  
Acquisition of advances in connection with the purchase of loans (60,482) 0  
Proceeds from sale of advances and match funded advances 0 3,492,489  
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 0 215,700  
Proceeds from sale of mortgage servicing rights 287 21,511  
Origination of loans held for investment – reverse mortgages (565,670) (274,081)  
Principal payments received on loans held for investment - reverse mortgages 56,193 2,164  
Additions to premises and equipment (7,716) (24,475)  
Other 4,270 2,947  
Net cash (used in) provided by investing activities (732,368) 50,037  
Cash flows from financing activities      
Repayment of match funded liabilities (329,175) (2,169,732)  
Proceeds from other secured borrowings 4,352,495 7,935,374  
Repayments of other secured borrowings (4,532,029) (7,166,050)  
Proceeds from issuance of senior unsecured notes 350,000 0  
Payment of debt issuance costs (6,835) (25,547)  
Proceeds from sale of mortgage servicing rights accounted for as a financing 123,551 404,509  
Proceeds from sale of loans accounted for as a financing 572,031 272,652  
Proceeds from sale of advances accounted for as a financing 88,095 0  
Repurchase of common stock (325,609) (157,880)  
Payment of preferred stock dividends (1,163) (4,534)  
Other 2,643 (5,703)  
Net cash provided by (used in) financing activities 294,004 (916,911)  
Net increase in cash 120,651 137,356  
Cash at beginning of year 178,512 220,130  
Cash at end of period 299,163 357,486  
Supplemental non-cash investing and financing activities      
Conversion of Series A preferred stock to common stock 62,000 100,000  
Fair value of assets acquired      
Fair value of assets acquired, total        [1]
Fair value of liabilities assumed      
Amount due to seller        [1],[2]
Cash paid     $ 174,600
[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.