XML 93 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Cash $ 129,473us-gaap_Cash $ 178,512us-gaap_Cash
Mortgage servicing rights ($93,901 and $116,029 carried at fair value) 1,913,992us-gaap_ServicingAsset 2,069,381us-gaap_ServicingAsset
Advances 893,914ocn_Advances 890,832ocn_Advances
Match funded advances 2,409,442us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount 2,552,383us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
Loans held for sale ($401,120 and $503,753 carried at fair value) 488,612us-gaap_LoansHeldForSaleMortgages 566,660us-gaap_LoansHeldForSaleMortgages
Loans held for investment - reverse mortgages, at fair value 1,550,141us-gaap_LoansReceivableFairValueDisclosure 618,018us-gaap_LoansReceivableFairValueDisclosure
Goodwill 0us-gaap_Goodwill 420,201us-gaap_Goodwill
Receivables, net 270,596ocn_OtherReceivablesNet 152,516ocn_OtherReceivablesNet
Deferred tax assets, net 76,987us-gaap_DeferredTaxAssetsNet 115,571us-gaap_DeferredTaxAssetsNet
Premises and equipment, net 43,310us-gaap_PropertyPlantAndEquipmentNet 53,786us-gaap_PropertyPlantAndEquipmentNet
Other assets ($7,335 and $0 carried at fair value) 490,811us-gaap_OtherAssets 309,143us-gaap_OtherAssets
Total assets 8,267,278us-gaap_Assets 7,927,003us-gaap_Assets
Liabilities    
Match funded liabilities 2,090,247us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount 2,364,814us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Financing liabilities ($2,058,693 and $1,249,380 carried at fair value) 2,258,641us-gaap_DebtInstrumentCarryingAmount 1,266,973us-gaap_DebtInstrumentCarryingAmount
Other secured borrowings 1,733,691us-gaap_SecuredDebtOther 1,777,669us-gaap_SecuredDebtOther
Senior unsecured notes 350,000us-gaap_UnsecuredDebt 0us-gaap_UnsecuredDebt
Other liabilities 793,534us-gaap_OtherLiabilities 644,595us-gaap_OtherLiabilities
Total liabilities 7,226,113us-gaap_Liabilities 6,054,051us-gaap_Liabilities
Commitments and Contingencies      
Mezzanine Equity    
Series A Perpetual Convertible Preferred stock, $.01 par value; 200,000 shares authorized; 62,000 shares issued and outstanding at December 31, 2013 0us-gaap_PreferredStockValue 60,361us-gaap_PreferredStockValue
Equity    
Common stock, $.01 par value; 200,000,000 shares authorized; 125,215,615 and 135,176,271 shares issued and outstanding at December 31, 2014 and 2013, respectively 1,252us-gaap_CommonStockValue 1,352us-gaap_CommonStockValue
Additional paid-in capital 515,194us-gaap_AdditionalPaidInCapital 818,427us-gaap_AdditionalPaidInCapital
Retained earnings 530,361us-gaap_RetainedEarningsAccumulatedDeficit 1,002,963us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss, net of income taxes (8,413)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (10,151)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Ocwen stockholders’ equity 1,038,394us-gaap_StockholdersEquity 1,812,591us-gaap_StockholdersEquity
Non-controlling interest in subsidiaries 2,771us-gaap_MinorityInterest 0us-gaap_MinorityInterest
Total equity 1,041,165us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,812,591us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities, mezzanine equity and equity $ 8,267,278us-gaap_LiabilitiesAndStockholdersEquity $ 7,927,003us-gaap_LiabilitiesAndStockholdersEquity