XML 77 R29.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Interest Expense | 12 Months Ended
--- | ---
Dec. 31, 2014
Other Income and Expenses [Abstract] |
Interest Expense | Note 20 — Interest Expense The following table presents the components of interest expense for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Match funded liabilities | $ | 61,576 |  |  | $ | 75,979 |  |  | $ | 122,292 |
Financing liabilities (1) (2) | 371,852 |  |  | 228,985 |  |  | 54,710 |
Other secured borrowings | 82,837 |  |  | 81,851 |  |  | 41,510 |
6.625% Senior Unsecured Notes | 15,595 |  |  | — |  |  | — |
3.25% Convertible Notes (3) | — |  |  | — |  |  | 153 |
10.875% Capital Securities (4) | — |  |  | — |  |  | 1,894 |
Other | 9,897 |  |  | 8,771 |  |  | 2,896 |
| $ | 541,757 |  |  | $ | 395,586 |  |  | $ | 223,455 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below:
| 2014 |  | 2013 | 2012
Servicing fees collected on behalf of HLSS | $ | 736,122 |  |  | $ | 633,377 |  | $ | 117,789 |
Less: Servicing fee retained by Ocwen | 358,053 |  |  | 317,723 |  | 50,162 |
Net servicing fees remitted to HLSS | 378,069 |  |  | 315,654 |  | 67,627 |
Less: Reduction in financing liability | 17,374 |  |  | 87,068 |  | 12,917 |
Interest expense on HLSS financing liability | $ | 360,695 |  |  | $ | 228,586 |  | $ | 54,710 |
The reduction in financing liability for 2014 does not include $2.0 million in reimbursements to HLSS for the loss of servicing revenues when we were terminated as servicer and the related Rights to MSRs had been sold to HLSS.
(2) | Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues.
(3) | We redeemed the remaining 3.25% Convertible Notes outstanding on March 28, 2012.
(4) | We redeemed the remaining 10.875% Capital Securities outstanding on August 31, 2012.

X
- Definition The disclosure of the cost of all borrowed funds accounted for as interest expense that was charged against earnings during the period, by category of interest-bearing liabilities. + References No definition available. + Details
Name: | ocn_InterestExpenseTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration