XML 181 R117.htm IDEA: XBRL DOCUMENT v2.4.1.9
Borrowings - Schedule of Match Funded Liabilities (Footnote) (Details) (USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
Facility
Mar. 17, 2014
Oct. 01, 2014
Apr. 23, 2015
Feb. 01, 2015
Dec. 31, 2013
Debt Instrument [Line Items]            
Number of facilities 2ocn_NumberofLineofCreditFacility          
Residential Mortgage [Member]            
Debt Instrument [Line Items]            
Number of facilities 1ocn_NumberofLineofCreditFacility
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_ResidentialMortgageMember
         
Available borrowing capacity 0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_ResidentialMortgageMember
         
Advance Receivable Backed Notes Series 2012-ADV1 [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 76,920,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesEMember
[1],[2]          
Advance Receivables Backed Notes, Series 2013-VF1, Class A [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1TermNoteMember
[1],[3]          
Increase (decrease) to borrowing capacity   (500,000,000)ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1TermNoteMember
       
Maximum borrowing capacity   1,000,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1TermNoteMember
       
Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 44,366,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
[1],[4]          
Interest rate     1.67%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
     
Increase (decrease) to borrowing capacity     564,000,000ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
     
Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 3,081,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
[1],[5]          
Interest rate     3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
     
Increase (decrease) to borrowing capacity     36,000,000ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
     
Advance Receivables Backed Notes, Series 2014-VF3, Class A [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 47,447,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
[1],[6]          
Interest rate     1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
     
Maximum borrowing capacity     600,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
     
Advance Receivables Backed Notes, Series 2014-VF4 [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 47,447,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
[1],[7]          
Interest rate     1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
     
Maximum borrowing capacity     600,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
     
Series 2014 Variable Funding Notes [Member]            
Debt Instrument [Line Items]            
Maximum borrowing capacity 125,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_Series2014VariableFundingNotesMember
         
Advance Receivables Backed Notes, Series 2014-VF1, Class A [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 65,986,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1VariableFundingNoteMember
[1],[8]          
Maximum borrowing capacity 125,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1VariableFundingNoteMember
         
Advance Receivables Backed Notes, Series 2014-VF1, Class B [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB1VariableFundingNoteMember
[1],[8]          
Maximum borrowing capacity 32,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB1VariableFundingNoteMember
         
Advance Receivables Backed Notes, Series 2014-VF1, Class C [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassC1VariableFundingNoteMember
[1],[8]          
Maximum borrowing capacity 24,500,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassC1VariableFundingNoteMember
         
Advance Receivables Backed Notes, Series 2014-VF1, Class D [Member]            
Debt Instrument [Line Items]            
Available borrowing capacity 0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassD1VariableFundingNoteMember
[1],[8]          
Maximum borrowing capacity 32,500,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_ClassD1VariableFundingNoteMember
         
Subsequent Event [Member] | Advance Receivable Backed Notes Series 2012-ADV1 [Member]            
Debt Instrument [Line Items]            
Maximum borrowing capacity         400,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesEMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | Series 2014 Variable Funding Notes [Member]            
Debt Instrument [Line Items]            
Increase (decrease) to borrowing capacity       (6,300,000)ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_Series2014VariableFundingNotesMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
   
Maximum borrowing capacity       $ 75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_Series2014VariableFundingNotesMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
   
LIBOR [Member] | Advance Receivable Backed Notes Series 2012-ADV1 [Member]            
Debt Instrument [Line Items]            
1-Month LIBOR 0.17%ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesEMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
        0.17%ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesEMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
Interest rate 1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesEMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[2],[9]          
LIBOR [Member] | Advance Receivables Backed Notes, Series 2013-VF1, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate 1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA1TermNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[3]          
LIBOR [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate 1.67%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[4]          
LIBOR [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]            
Debt Instrument [Line Items]            
Interest rate 3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[5]          
LIBOR [Member] | Advance Receivables Backed Notes, Series 2014-VF3, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate 1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[6]          
LIBOR [Member] | Advance Receivables Backed Notes, Series 2014-VF4 [Member]            
Debt Instrument [Line Items]            
Interest rate 1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[7]          
July 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     1.91%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod1Member
     
July 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]            
Debt Instrument [Line Items]            
Interest rate     3.43%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod1Member
     
July 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF3, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod1Member
     
July 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF4 [Member]            
Debt Instrument [Line Items]            
Interest rate     2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod1Member
     
August 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     2.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod2Member
     
August 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]            
Debt Instrument [Line Items]            
Interest rate     3.86%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod2Member
     
August 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF3, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod2Member
     
August 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF4 [Member]            
Debt Instrument [Line Items]            
Interest rate     2.12%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod2Member
     
September 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     2.39%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod3Member
     
September 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]            
Debt Instrument [Line Items]            
Interest rate     4.29%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassBTermNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod3Member
     
September 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF3, Class A [Member]            
Debt Instrument [Line Items]            
Interest rate     2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod3Member
     
September 15, 2015 [Member] | Advance Receivables Backed Notes, Series 2014-VF4 [Member]            
Debt Instrument [Line Items]            
Interest rate     2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ ocn_InterestMarginPeriodAxis
= ocn_MarginPeriod3Member
     
[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 December 31, 2014, none of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.
[2] On February 1, 2015, the borrowing capacity under this facility was reduced to $400.0 million.
[3] These notes were issued in connection with the OneWest MSR Transaction. 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 2013-VF1 note was fully repaid.
[4] On October 1, 2014, the maximum borrowing capacity of the VF2, Class A notes was increased to $564.0 million. The interest margin on these notes was set at 167 bps and is scheduled to increase to 191 bps on July 15, 2015, to 215 bps on August 15, 2015 and 239 bps on September 15, 2015.
[5] On October 1, 2014, the maximum borrowing capacity of the VF2, Class B notes was increased to $36.0 million. The interest margin on these notes was set at 300 bps and is scheduled to increase to 343 bps on July 15, 2015, to 386 bps on August 15, 2015 and 429 bps on September 15, 2015.
[6] On October 1, 2014, the maximum borrowing capacity of the note was increased to $600.0 million. The interest margin was set at 175 bps and is scheduled to increase to 200 bps on July 15, 2015, to 225 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[7] The 2014-VF4 note was issued on October 1, 2014 with a maximum borrowing capacity of $600.0 million. The interest margin on this new series of notes was set at 175 bps and is scheduled to increase to 200 bps on July 15, 2015, to 212 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[8] The 2014-VF1 notes were issued on December 23, 2014. Maximum borrowing under the facility is $125.0 million. The maximum note balance for the Class A Note is $125.0 million less the actual borrowings under the Class B, C and D Notes. The maximum note balance for the Class B Note is $32.0 million, for the Class C Note $24.5 million and for the Class D note $32.5 million. Beginning April 23, 2015, the maximum borrowing under the facility will decrease by $6.3 million per month until it is reduced to $75.0 million.
[9] 1-Month LIBOR was 0.17% and 0.17% at December 31, 2014 and 2013, respectively.