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Borrowings - Secured Borrowings (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Line of Credit Facility [Line Items]    
Financing liabilities $ 2,057,490 $ 1,266,973
Other Secured Borrowings [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 191,262  
Unamortized discount (4,358) [1] (5,349) [1]
Long-term Debt 1,666,427 1,777,669
Debt, Weighted Average Interest Rate 4.94% 4.86%
Other Secured Borrowings [Member] | Servicing [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 27,338  
Financing liabilities 1,303,162 1,323,286
Other Secured Borrowings [Member] | Servicing [Member] | Senior Secured Term Loan 2 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 0 [1]  
Financing liabilities 1,280,500 [1] 1,290,250 [1]
Unamortized discount (6,500)  
Maturity date Feb. 28, 2018 [1]  
Other Secured Borrowings [Member] | Servicing [Member] | Promissory Note [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 0 [2]  
Financing liabilities 0 [2] 15,529 [2]
Maturity date May 31, 2017 [2]  
Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 27,338 [3]  
Financing liabilities 22,662 [3] 17,507 [3]
Maturity date Jun. 30, 2015 [3]  
Other Secured Borrowings [Member] | Lending [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 163,924  
Financing liabilities 362,945 455,020
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | April 2014 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 17,199 [4]  
Financing liabilities 132,801 [4] 105,659 [4]
Maturity date Apr. 30, 2015  
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | September 2014 - 2 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 10,645 [5]  
Financing liabilities 64,355 [5] 91,990 [5]
Maturity date Oct. 31, 2015 [5]  
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | November 2014 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 99,527 [6]  
Financing liabilities 50,473 [6] 89,836 [6]
Maturity date Nov. 30, 2014  
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | September 2014 - 3 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 858 [7]  
Financing liabilities 36,642 [7] 51,975 [7]
Maturity date Oct. 31, 2014 [7]  
Other Secured Borrowings [Member] | Lending [Member] | Participation Agreement [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 0 [8]  
Financing liabilities 54,369 [8] 81,268 [8]
Maturity date May 31, 2015 [8]  
Other Secured Borrowings [Member] | Lending [Member] | Mortgage Warehouse Agreement [Member] | July 2014 [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 35,695 [9]  
Financing liabilities 24,305 [9] 34,292 [9]
Maturity date May 31, 2015 [10]  
Interest rate at index floor rate 3.50% [10]  
Other Secured Borrowings [Member] | Corporate Items and Other [Member] | Securities Sold Under Agreement To Repurchase [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 0 [10]  
Financing liabilities 4,678 [10] 4,712 [10]
Other Secured Borrowings [Member] | Corporate Items and Other [Member] | Total Servicing Lines Of Credit [Member]
   
Line of Credit Facility [Line Items]    
Debt Instrument, Unused Borrowing Capacity, Amount 191,262  
Financing liabilities $ 1,670,785 $ 1,783,018
Eurodollar [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Senior Secured Term Loan 2 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 3.75% [1]  
Interest rate at index floor rate 1.25% [1]  
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Promissory Note [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 3.50% [2]  
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | April 2014 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.75%  
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | September 2014 - 3 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.75% [7]  
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Mortgage Warehouse Agreement [Member] | July 2014 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.75% [10]  
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.00% [3]  
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | September 2014 - 2 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.75% [5]  
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | November 2014 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 1.75%  
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 3.45% [3]  
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | September 2014 - 2 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.75% [5]  
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] | November 2014 [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.00%  
Class A-2 Note [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Corporate Items and Other [Member] | Securities Sold Under Agreement To Repurchase [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 2.00% [7]  
Class A-3 Note [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Corporate Items and Other [Member] | Securities Sold Under Agreement To Repurchase [Member]
   
Line of Credit Facility [Line Items]    
Basis spread on variable rate 3.00% [7]  
[1] This facility had an initial balance of $1.3 billion and was issued with an original issue discount of $6.5 million that we are amortizing over the term of the loan. We are required to repay the principal amount of the borrowings in consecutive quarterly installments of $3.3 million. In addition, we are generally required to use the net cash proceeds (as defined) from any asset sale (as defined) to repay loan principal, subject to a 270-day reinvestment provision (or, in the case of a sale of MSRs, related servicing advances or other related assets to HLSS, we have a 180-day reinvestment provision and the net cash proceeds must be invested in MSRs or related assets, such as advances). We are also required to make mandatory prepayments in certain circumstances based on our corporate leverage ratio (as defined) if we have positive consolidated excess cash flow (as defined) in any fiscal year. The borrowings are secured by a first priority security interest in substantially all of the assets of Ocwen. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 2.75% and a base rate floor of 2.25% or (b) the one month Eurodollar rate, plus a margin of 3.75% with a one month Eurodollar floor of 1.25%. To date, we have elected option (b) to determine the interest rate.
[2] This note was repaid in full on February 28, 2014.
[3] Under this repurchase agreement, the lender provides financing on a committed basis for $50.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $50.0 million.
[4] Under this repurchase agreement, the lender provides financing on a committed basis for $150.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $150.0 million.
[5] Under this repurchase agreement, the lender provides financing on a committed basis for $75.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $75.0 million. On September 2, 2014, the maturity date of this facility was extended to October 2, 2014. On October 2, 2014, the maturity date was further extended to September 1, 2015.
[6] Under this repurchase agreement, the lender provides financing on a committed basis for $150.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $300.0 million. On October 24, 2014, this facility was repaid in full and terminated.
[7] On September 2, 2014, the maturity date of this facility was extended to October 2, 2014, and the maximum borrowing capacity was reduced to $37.5 million on a committed basis plus an additional $37.5 million on an uncommitted basis at the discretion of the lender. On October 1, 2014, the maturity date was extended to October 31, 2014. Effective October 31, 2014, the maturity date was further extended to November 14, 2014.
[8] Under this participation agreement, the lender provides financing on an uncommitted basis for $50.0 million to $100.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement.
[9] In August 2014, the maturity date of this facility was extended to May 28, 2015.
[10] Represents repurchase agreement for Class A-2 and A-3 notes issued by Ocwen Real Estate Asset Liquidating Trust 2007-1 which have a current face value of $22.4 million at September 30, 2014. This agreement has no stated credit limit and lending is determined for each transaction based on the acceptability of the securities presented as collateral.