XML 114 R92.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Assets - Narrative (Details) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Jan. 31, 2014
Dec. 31, 2013
Jan. 31, 2014
Ocwen Structured Investments, LLC (OSI) [Member]
Jan. 30, 2014
Ocwen Structured Investments, LLC (OSI) [Member]
Dec. 31, 2013
Ocwen Structured Investments, LLC (OSI) [Member]
Dec. 31, 2013
Powerlink Settlement Services [Member]
Business Acquisition [Line Items]              
Period required to remit collections on pledged advances 2 days            
Purchase price deposit $ 25,000 [1] $ 15,000 $ 10,000 [1]        
Investment in unconsolidated entities $ 0 [2]   $ 11,771 [2]     $ 5,100 $ 6,600
Percentage of voting interests acquired       87.35% 26.00%    
[1] The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit, along with an additional deposit of $15.0 million that we made in January 2014, is being held in an escrow account pending the transaction closing. See Note 22 – Commitments and Contingencies for additional information on this transaction.
[2] The balance at December 31, 2013 includes an investment of $5.1 million in OSI and an investment of $6.6 million in PowerLink Settlement Services, LP and related entities. As disclosed in Note 3 – Business Acquisitions, we increased our ownership in OSI from 26.00% to 87.35% on January 31, 2014. Effective on that date, we began including the accounts of OSI in our consolidated financial statements and eliminated our current investment in consolidation. In June 2014, we received proceeds from the dissolution of PowerLink Settlement Services, LP equal to our investment.