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Basic and Diluted Earnings (Loss) per Share - Schedule of Reconciliation of the Calculation of Basic EPS to Diluted EPS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Basic earnings (loss) per share:                      
Net income (loss) attributable to Ocwen common stockholders $ (521,875)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (76,189)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 65,958us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 59,504us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 134,278us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 54,725us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 63,057us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 46,338us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (472,602)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 298,398us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 180,778us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Weighted average shares of common stock (in shares)                 131,362,284us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 135,678,088us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 133,912,643us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Basic earnings (loss) per share (in dollars per share) $ (4.16)us-gaap_EarningsPerShareBasic $ (0.58)us-gaap_EarningsPerShareBasic $ 0.49us-gaap_EarningsPerShareBasic $ 0.44us-gaap_EarningsPerShareBasic $ 0.99us-gaap_EarningsPerShareBasic $ 0.40us-gaap_EarningsPerShareBasic $ 0.46us-gaap_EarningsPerShareBasic $ 0.34us-gaap_EarningsPerShareBasic $ (3.60)us-gaap_EarningsPerShareBasic $ 2.20us-gaap_EarningsPerShareBasic $ 1.35us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per share:                      
Net income (loss) attributable to Ocwen common stockholders (521,875)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (76,189)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 65,958us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 59,504us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 134,278us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 54,725us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 63,057us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 46,338us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (472,602)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 298,398us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 180,778us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Preferred stock dividends                 0us-gaap_PreferredStockDividendsAndOtherAdjustments [1],[2] 0us-gaap_PreferredStockDividendsAndOtherAdjustments [1],[2] 0us-gaap_PreferredStockDividendsAndOtherAdjustments [1],[2]
Interest expense on 3.25% Convertible Notes, net of income tax                 0us-gaap_InterestOnConvertibleDebtNetOfTax [3] 0us-gaap_InterestOnConvertibleDebtNetOfTax [3] 107us-gaap_InterestOnConvertibleDebtNetOfTax [3]
Adjusted net income (loss) attributable to Ocwen                 $ (472,602)us-gaap_NetIncomeLossAttributableToParentDiluted $ 298,398us-gaap_NetIncomeLossAttributableToParentDiluted $ 180,885us-gaap_NetIncomeLossAttributableToParentDiluted
Effect of dilutive elements:                      
Dilutive weighted average shares of common stock (in shares)                 131,362,284us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 139,800,506us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 138,521,279us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Diluted earnings (loss) per share (in dollars per share) $ (4.16)us-gaap_EarningsPerShareDiluted $ (0.58)us-gaap_EarningsPerShareDiluted $ 0.48us-gaap_EarningsPerShareDiluted $ 0.43us-gaap_EarningsPerShareDiluted $ 0.95us-gaap_EarningsPerShareDiluted $ 0.39us-gaap_EarningsPerShareDiluted $ 0.45us-gaap_EarningsPerShareDiluted $ 0.33us-gaap_EarningsPerShareDiluted $ (3.60)us-gaap_EarningsPerShareDiluted $ 2.13us-gaap_EarningsPerShareDiluted $ 1.31us-gaap_EarningsPerShareDiluted
Stock options excluded from the computation of diluted earnings per share:                      
Anti-dilutive Securities (in shares)                 314,688us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount [3] 0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount [3] 143,125us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount [3]
Market Based [Member]                      
Stock options excluded from the computation of diluted earnings per share:                      
Anti-dilutive Securities (in shares)                 295,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ocn_MarketBasedMember
[4] 547,500us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ocn_MarketBasedMember
[4] 1,535,000us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ocn_MarketBasedMember
[4]
Preferred Stock [Member]                      
Effect of dilutive elements:                      
Preferred Shares                 0us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
[1],[2] 0us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
[1],[2] 0us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
[1],[2]
Debt Securities Convertible Notes [Member]                      
Effect of dilutive elements:                      
3.25% Convertible Notes                 0us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
/ us-gaap_StatementEquityComponentsAxis
= ocn_DebtSecuritiesConvertibleNotesMember
[2] 0us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
/ us-gaap_StatementEquityComponentsAxis
= ocn_DebtSecuritiesConvertibleNotesMember
[2] 1,008,891us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities
/ us-gaap_StatementEquityComponentsAxis
= ocn_DebtSecuritiesConvertibleNotesMember
[2]
Employee Stock Option [Member]                      
Effect of dilutive elements:                      
Stock options                 0us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_EmployeeStockOptionMember
4,110,355us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_EmployeeStockOptionMember
3,593,419us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_EmployeeStockOptionMember
Common Stock Awards [Member]                      
Effect of dilutive elements:                      
Common stock awards                 0ocn_IncrementalCommonSharesAttributableToCommonStockAwards
/ us-gaap_StatementEquityComponentsAxis
= ocn_CommonStockAwardsMember
12,063ocn_IncrementalCommonSharesAttributableToCommonStockAwards
/ us-gaap_StatementEquityComponentsAxis
= ocn_CommonStockAwardsMember
6,326ocn_IncrementalCommonSharesAttributableToCommonStockAwards
/ us-gaap_StatementEquityComponentsAxis
= ocn_CommonStockAwardsMember
[1] For 2014, we have excluded the effect of the Preferred Shares, stock options and common stock awards from the computation of diluted earnings per share because of the anti-dilutive effect of our reported net loss.
[2] Prior to the conversion of the remaining Preferred Shares into common stock in July 2014 and the redemption of the remaining 3.25% Convertible Notes into common stock in March 2012, we computed their effect on diluted earnings per share using the if-converted method. For purposes of computing diluted earnings per share, we assumed the conversion of the Preferred Shares and the 3.25% Convertible Notes into shares of common stock unless the effect was anti-dilutive. Conversion of the Preferred Shares was not assumed for 2013 and 2012 because the effect would have been antidilutive.
[3] These stock options were anti-dilutive because their exercise price was greater than the average market price of our stock.
[4] Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.