XML 41 R109.htm IDEA: XBRL DOCUMENT v2.4.1.9
Receivables - Schedule of Receivables (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Receivables [Abstract]    
Government-insured loan claims $ 52,955ocn_ServicingReceivableGovernmentInsuredLoanClaims [1] $ 54,012ocn_ServicingReceivableGovernmentInsuredLoanClaims [1]
Due from custodial accounts 11,627ocn_ServicingReceivableDueFromCustodialAccounts 2,933ocn_ServicingReceivableDueFromCustodialAccounts
Reimbursable expenses 32,387ocn_ServicingReceivableReimbursableExpenses 35,933ocn_ServicingReceivableReimbursableExpenses
Other servicing receivables 29,516ocn_ServicingReceivableOther 31,659ocn_ServicingReceivableOther
Servicing 126,485ocn_ServicingReceivableNet 124,537ocn_ServicingReceivableNet
Income taxes receivable 68,322us-gaap_IncomeTaxReceivable 6,369us-gaap_IncomeTaxReceivable
Due from related parties 58,892us-gaap_DueFromAffiliates 14,553us-gaap_DueFromAffiliates
Other receivables 43,690us-gaap_OtherReceivables [2] 24,579us-gaap_OtherReceivables [2]
Other Receivables, Gross 297,389ocn_OtherReceivablesGross 170,038ocn_OtherReceivablesGross
Allowance for losses (26,793)ocn_OtherReceivablesAllowanceForLosses [1] (17,522)ocn_OtherReceivablesAllowanceForLosses [1]
Receivables, total $ 270,596ocn_OtherReceivablesNet $ 152,516ocn_OtherReceivablesNet
[1] The total allowance for losses at December 31, 2014 and 2013 includes $26.8 million and $17.4 million, respectively, related to receivables of the Servicing business. The allowance for losses related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations (government-insured loan claims) was $10.0 million and $14.0 million at December 31, 2014 and 2013, respectively.
[2] The balance at December 31, 2014 and 2013 includes $28.8 million and $13.6 million, respectively, related to losses to be indemnified under the terms of the Homeward merger agreement.