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Borrowings - Narrative (Details) (USD $)
 9 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2014
Facility
Sep. 30, 2014
London Interbank Offered Rate (LIBOR) [Member]
Dec. 31, 2013
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
Advance Receivable Backed Notes Series E [Member]
Sep. 30, 2014
Advance Receivable Backed Notes Series E [Member]
London Interbank Offered Rate (LIBOR) [Member]
Feb. 03, 2014
Class A2 Variable Funding Note [Member]
Sep. 30, 2014
Class A2 Variable Funding Note [Member]
Sep. 30, 2014
Class A2 Variable Funding Note [Member]
London Interbank Offered Rate (LIBOR) [Member]
Mar. 17, 2014
Class A1 Term Note [Member]
Sep. 30, 2014
Class A1 Term Note [Member]
Mar. 17, 2014
Class A1 Term Note [Member]
Sep. 30, 2014
Class A1 Term Note [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
Class B Term Note [Member]
Sep. 30, 2014
Class B Term Note [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
Class A3 Variable Funding Note [Member]
Mar. 17, 2014
Class A3 Variable Funding Note [Member]
Sep. 30, 2014
Class A3 Variable Funding Note [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
OASIS Series 2014-1 [Member]
Apr. 30, 2014
Financing Liability Mortgage Servicing Rights Pledged 2 [Member]
Sep. 30, 2014
Other Secured Borrowings [Member]
Dec. 31, 2013
Other Secured Borrowings [Member]
Feb. 26, 2014
Other Secured Borrowings [Member]
OASIS Series 2014-1 [Member]
May 12, 2014
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Sep. 30, 2014
Unsecured Debt [Member]
6.625% Senior Notes due 2019
May 12, 2014
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Sep. 30, 2014
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Debt Instrument, Redemption, Period Four [Member]
Jul. 15, 2014
July 15, 2014 [Member]
Class A2 Variable Funding Note [Member]
Jul. 15, 2014
July 15, 2014 [Member]
Class A1 Term Note [Member]
Jul. 15, 2014
July 15, 2014 [Member]
Class B Term Note [Member]
Jul. 15, 2014
July 15, 2014 [Member]
Class A3 Variable Funding Note [Member]
Aug. 15, 2014
August 15, 2014 [Member]
Class A2 Variable Funding Note [Member]
Aug. 15, 2014
August 15, 2014 [Member]
Class A1 Term Note [Member]
Aug. 15, 2014
August 15, 2014 [Member]
Class B Term Note [Member]
Aug. 15, 2014
August 15, 2014 [Member]
Class A3 Variable Funding Note [Member]
Sep. 15, 2014
September 15, 2014 [Member]
Class A2 Variable Funding Note [Member]
Sep. 15, 2014
September 15, 2014 [Member]
Class A1 Term Note [Member]
Sep. 15, 2014
September 15, 2014 [Member]
Class B Term Note [Member]
Sep. 15, 2014
September 15, 2014 [Member]
Class A3 Variable Funding Note [Member]
Sep. 30, 2014
Participation Agreement [Member]
Sep. 30, 2014
Securities Sold Under Agreement To Repurchase [Member]
Sep. 30, 2014
Servicing [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Servicing [Member]
Repurchase Agreement [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Lending [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Lending [Member]
Participation Agreement [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Corporate Items and Other [Member]
Securities Sold Under Agreement To Repurchase [Member]
Other Secured Borrowings [Member]
Sep. 02, 2014
Corporate Items and Other [Member]
Securities Sold Under Agreement To Repurchase [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
HLSS [Member]
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Option A1 [Member]
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Option A2 [Member]
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Option A3 [Member]
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Option B [Member]
Servicing [Member]
Senior Secured Term Loan 2 [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
Minimum [Member]
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Debt Instrument, Redemption, Period Four [Member]
Sep. 30, 2014
Minimum [Member]
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Debt Instrument, Redemption, Period Five [Member]
Sep. 30, 2014
Minimum [Member]
Participation Agreement [Member]
Sep. 30, 2014
Minimum [Member]
Servicing [Member]
Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
Maximum [Member]
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Debt Instrument, Redemption, Period Four [Member]
Sep. 30, 2014
Maximum [Member]
Unsecured Debt [Member]
6.625% Senior Notes due 2019
Debt Instrument, Redemption, Period Five [Member]
Sep. 30, 2014
Maximum [Member]
Participation Agreement [Member]
Sep. 30, 2014
Maximum [Member]
Servicing [Member]
Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Oct. 28, 2014
Subsequent Event [Member]
Advance Receivable Backed Notes Series E [Member]
Oct. 01, 2014
Subsequent Event [Member]
Class A2 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
Class B Term Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
Class A3 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
Class A4 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
October 1, 2014 [Member]
Class A2 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
October 1, 2014 [Member]
Class B Term Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
October 1, 2014 [Member]
Class A3 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
October 1, 2014 [Member]
Class A4 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
July 15, 2015 [Member]
Class A2 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
July 15, 2015 [Member]
Class B Term Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
July 15, 2015 [Member]
Class A3 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
July 15, 2015 [Member]
Class A4 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
August 15, 2015 [Member]
Class A2 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
August 15, 2015 [Member]
Class B Term Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
August 15, 2015 [Member]
Class A3 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
August 15, 2015 [Member]
Class A4 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
September 15, 2015 [Member]
Class A2 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
September 15, 2015 [Member]
Class B Term Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
September 15, 2015 [Member]
Class A3 Variable Funding Note [Member]
Oct. 01, 2014
Subsequent Event [Member]
September 15, 2015 [Member]
Class A4 Variable Funding Note [Member]
Sep. 30, 2014
Residential Mortgage [Member]
Facility
Sep. 30, 2014
April 2014 [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
April 2014 [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
September 2014 - 2 [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
September 2014 - 2 [Member]
Minimum [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
September 2014 - 2 [Member]
Maximum [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
November 2014 [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
Sep. 30, 2014
November 2014 [Member]
Minimum [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Sep. 30, 2014
November 2014 [Member]
Maximum [Member]
Lending [Member]
Master Repurchase Agreement [Member]
Other Secured Borrowings [Member]
London Interbank Offered Rate (LIBOR) [Member]
Feb. 28, 2015
Scenario, Forecast [Member]
Subsequent Event [Member]
Advance Receivable Backed Notes Series E [Member]
Debt Instrument [Line Items]                                                                                                                                                                                      
Number of Line of Credit Facility 2                                                                                                                                                                 1                  
Debt Instrument, Unused Borrowing Capacity, Amount       $ 130,753,000 [1],[2]     $ 75,693,000 [1],[3]     $ 156,812,000 [1],[3]     $ 2,711,000 [1],[3]   $ 78,405,000 [1],[4]         $ 191,262,000                                         $ 27,338,000 $ 0 [5] $ 27,338,000 [6] $ 163,924,000 $ 0 [7] $ 0 [8]                                                                       $ 51,200,000 $ 17,199,000 [9]   $ 10,645,000 [10]     $ 99,527,000 [11]      
Redemption of principal amount (up to 35%)                                                   35.00%                                                                                                                                  
Description of variable rate basis                                                                                                 the prime rate in effect on such day the federal funds rate in effect on such day the one-month Eurodollar rate (1-Month LIBOR) the one month Eurodollar rate                                                                              
Face amount                                           123,600,000     350,000,000                             22,400,000   1,300,000,000                                                                                                  
Basis spread on unpaid principal balance                                   0.21%                                                                                                                                                  
Maximum borrowing capacity           500,000,000         1,000,000,000         500,000,000                                                     50,000,000       37,500,000 [12]               50,000,000       100,000,000   450,000,000     600,000,000 600,000,000                                   150,000,000   75,000,000     150,000,000     400,000,000
Beneficial interest                                                                             100.00%                                                                                                        
Additional borrowing capacity                                                                                     50,000,000       37,500,000                                                                       150,000,000   75,000,000     300,000,000      
Basis spread on variable rate         1.75% [13],[2]     1.67% [14],[15],[3]       1.75% [14],[16],[3]   4.25% [14],[17],[3]     1.75% [14],[4]                   1.91% 2.00% 4.86% 2.00% 2.15% 2.25% 5.46% 2.25% 2.38% 2.50% 6.07% 2.50%                       0.50% 2.75% 3.75%       2.00% [6]       3.45% [6]           1.67% 3.00% 1.75% 1.75% 1.91% 3.43% 2.00% 2.00% 2.15% 3.86% 2.25% 2.12% 2.39% 4.29% 2.50% 2.50%     1.75%   1.75% [10] 2.75% [10]   1.75% 2.00%  
Interest rate at index floor rate                                                                                                     2.25% 1.25%                                                                              
Increase (decrease) to borrowing capacity           100,000,000     (500,000,000)                                                                                                         564,000,000 36,000,000                                                        
Basis for effective rate at period end   0.16% 0.17%                                                                                                                                                                                
Gain on retirement of financing liability                                     2,600,000                                                                                                                                                
Unamortized discount                                       4,358,000 [5] 5,349,000 [5]                                         6,500,000                                                                                                  
Balloon payment to be paid                                                                                   3,300,000                                                                                                  
Mandatory principal repayment of net cash proceeds from asset sale, period                                                                                   270 days           180 days                                                                                      
Stated credit limit                                                                               0                                                                                                      
Interest rate, stated percentage                                                 6.625%                                                                                                                                    
Proceeds from debt, net of issuance costs                                             343,300,000                                                                                                                                        
Redemption period                                                                                                         30 days 30 days     60 days 60 days                                                                  
Redemption price, percentage                                                   100.00%                                                                                                                                  
Additional premium, percentage of principal amount                                                                                                         1.00%                                                                            
Additional interest, percentage                                                                                                         0.25%       1.00%                                                                    
Use of cash proceeds from Equity Offerings, redemption price, percentage                                                   106.625%                                                                                                                                  
Use of cash proceeds from Equity Offerings, minimum percentage of principal amount outstanding                                                   65.00%                                                                                                                                  
Days after Equity Offering consummation for redemption (not more than 120 days)                                                   120 days                                                                                                                                  
Change of control, purchase price, percentage 101.00%                                                                                                                                                                                    
Days after the closing of the offering for the registration statement to become effective (on or prior to 270 days)                                               270 days                                                                                                                                      
Unamortized debt issuance expense                                               6,100,000                                                                                                                                      
Covenant compliance, consolidated tangible net worth 630,000,000                                                                                                                                                                                    
Covenant compliance, percent of quarterly net income 65.00%                                                                                                                                                                                    
Covenant compliance, consolidated tangible net worth at period end $ 957,100,000                                                                                                                                                                                    
[1] Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At September 30, 2014, only $51.2 million of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.
[2] On October 28, 2014, the maximum borrowing capacity under this facility was reduced to $450.0 million and will further decline to $400.0 million in February 2015.
[3] These notes were issued in connection with the OneWest MSR Transaction. On February 3, 2014, the maximum borrowing capacity on the 2013-VF2 notes was increased by $100.0 million to a total of $500.0 million. On March 17, 2014, the maximum borrowing capacity under the 2013-VF1 note declined by $500.0 million to a total of $1.0 billion. On October 1, 2014, the VF1 note was fully repaid. The maximum borrowing capacity of the VF2, Class A notes was increased to $564.0 million, and the maximum borrowing capacity of the VF2, Class B notes was increased to $36.0 million. In addition, the amortization date of the VF2 Class A and B notes was extended to October 15, 2015, and the maturity date was extended to October 15, 2045. Finally, a new series, the Series 2014-VF4 note, was issued with a maximum borrowing capacity of $600.0 million, an amortization date of October 15, 2015 and a maturity date of October 15, 2045. The interest margin on this new series of notes was set to 175 bps through July 14, 2015, to 200 bps on July 15, 2015, to 212 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[4] This note was issued on March 17, 2014 with a maximum borrowing capacity of $500.0 million. The interest margin on this note increased to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014. On October 1, 2014, the maximum borrowing capacity of the note was increased to $600.0 million, the amortization date was extended to October 15, 2015 and the maturity date was extended to October 15, 2045. The interest margin was set to 175 bps through July 14, 2015, to 200 bps on July 15, 2015, to 225 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[5] 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.
[6] 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.
[7] 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.
[8] 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.
[9] 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.
[10] 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.
[11] 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.
[12] 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.
[13] 1-Month LIBOR (1ML) was 0.16% and 0.17% at September 30, 2014 and December 31, 2013, respectively.
[14] On July 15, 2014, the lenders agreed to waive the increase in interest margin scheduled for July 15, 2014. On August 15, 2014, the lenders also agreed to waive the increases in interest margin that were scheduled for August 15, 2014 and September 15, 2014.
[15] The interest margin on these notes increased to 191 bps on July 15, 2014, to 215 bps on August 15, 2014 and 238 bps on September 15, 2014. Effective October 1, 2014, the interest margin on these notes was set to 167 bps through July 14, 2015, to 191 bps on July 15, 2015, to 215 bps on August 15, 2015 and to 239 bps on September 15, 2015.
[16] The interest margin on these notes increased to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
[17] The interest margin on these notes increased to 486 bps on July 15, 2014, to 546 bps on August 15, 2014 and 607 bps on September 15, 2014. Effective October 1, 2014, the interest margin on these notes was set to 300 bps through July 14, 2015, to 343 bps on July 15, 2015, to 386 bps on August 15, 2015 and to 429 bps on September 15, 2015.