XML 14 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Description of Business and Basis of Presentation - Narrative (Details) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended
Mar. 31, 2015
Agreement
Loan
Agency
Mar. 31, 2014
Dec. 31, 2014
Mar. 02, 2015
Loan
Mar. 18, 2015
Loan
Mar. 31, 2015
Loan
Mar. 24, 2015
Loan
Apr. 30, 2015
Apr. 06, 2015
Apr. 27, 2015
Apr. 23, 2015
Apr. 17, 2015
May 11, 2015
Description of Business and Basis of Presentation [Line Items]                          
Number of days from fiscal year end that servicer is obliged to provide audited financial statements 90 days                        
Number of agencies communicated material sanction, suspension or prohibition 0ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations                        
Number of non-agency and whole loans servicing agreements 4,100ocn_NumberOfNonAgencyAndWholeLoansServicingAgreements                        
Number of non-agency and whole loans servicing agreements with minimum servicer ratings 700ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithMinimumServicerRatings                        
Unpaid principal balance of non-agency and whole loans servicing agreements with minimum servicer ratings $ 45,000,000,000ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithMinimumServicerRatings         $ 45,000,000,000ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithMinimumServicerRatings              
Number of non-agency and whole loans servicing agreements with termination rights triggered 400ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered                        
Unpaid principal balance of non-agency and whole loans servicing agreements with termination rights triggered 25,000,000,000ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered         25,000,000,000ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered              
Percentage of non-agency and whole loans servicing agreements with termination rights triggered of servicing portfolio 12.00%ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio                        
Number of non-agency servicing agreements terminated due to downgrades in mortgage servicer rating 4ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating                        
Percentage of servicing transferred due to downgrades in mortgage servicer rating 0.15%ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating                        
Expected proceeds from sale of mortgage servicing rights 49,465,000us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR                      
Master Repurchase And Participation Agreement [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Term of advance funding facility 364 days                        
Outstanding master repurchase and participation agreements 373,000,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CreditFacilityAxis
= ocn_MasterRepurchaseAndParticipationAgreementMember
        373,000,000us-gaap_SecuredDebtRepurchaseAgreements
/ us-gaap_CreditFacilityAxis
= ocn_MasterRepurchaseAndParticipationAgreementMember
             
HLSS [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Unpaid principal balance of loans held for sale 156,300,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
170,800,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
160,800,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
    156,300,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
             
Outstanding servicing advances 5,800,000,000ocn_OutstandingServicingAdvances
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
        5,800,000,000ocn_OutstandingServicingAdvances
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= ocn_HomeLoanServicingSolutionsMember
             
Advance Funding Facility [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Term of advance funding facility 364 days                        
Line of credit facility, amount outstanding 2,000,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
        2,000,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
             
Advance Funding Facility [Member] | HLSS [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Term of advance funding facility 364 days   364 days                    
Ocwen Loan Servicing [Member] | JPMorgan Chase & Co [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Unpaid principal balance of loans held for sale       42,000,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_JPMorganChaseAndCoMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
                 
Number of performing agency loans held for sale       250,000ocn_NumberOfPerformingAgencyLoansHeldForSale
/ us-gaap_CounterpartyNameAxis
= ocn_JPMorganChaseAndCoMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
                 
Ocwen Loan Servicing [Member] | Green Tree Loan Servicing [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Unpaid principal balance of loans held for sale         9,200,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_GreenTreeLoanServicingMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
               
Number of performing agency loans held for sale         54,000ocn_NumberOfPerformingAgencyLoansHeldForSale
/ us-gaap_CounterpartyNameAxis
= ocn_GreenTreeLoanServicingMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
               
Ocwen Loan Servicing [Member] | Nationstar Mortgage LLC [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Unpaid principal balance of loans held for sale 9,100,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
        9,100,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
24,900,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
           
Number of performing agency loans held for sale           76,000ocn_NumberOfPerformingAgencyLoansHeldForSale
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
140,000ocn_NumberOfPerformingAgencyLoansHeldForSale
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
           
Ocwen Loan Servicing [Member] | Advance Funding Facility [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Line of credit facility, amount outstanding 348,300,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
        348,300,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
             
Maximum borrowing capacity 400,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
        400,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
             
Subsequent Event [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Maximum borrowing capacity                     75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
   
Cash pre-payments to secure future obligations                   3,200,000ocn_CashPrePaymentsToSecureFutureObligations
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
  15,400,000ocn_CashPrePaymentsToSecureFutureObligations
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Escrow deposit                   37,500,000us-gaap_EscrowDeposit
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
     
Expected proceeds from sale of mortgage servicing rights               860,000,000us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
         
Subsequent Event [Member] | NRZ [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Extended term as named servicer                 2 years        
Negotiation period for extension, prior to end of contract term                 6 months        
Standstill period to replace as named servicer                 2 years        
Subsequent Event [Member] | Master Repurchase Agreement [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Maximum borrowing capacity                       125,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= ocn_MasterRepurchaseAgreementMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | Advance Funding Facility [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Line of credit facility, amount outstanding                         500,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
Maximum borrowing capacity                         1,800,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= ocn_AdvanceFundingFacilityMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
Subsequent Event [Member] | Ocwen Loan Servicing [Member] | Nationstar Mortgage LLC [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Unpaid principal balance of loans held for sale               2,700,000,000us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages
/ us-gaap_CounterpartyNameAxis
= ocn_NationstarMortgageLLCMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
         
Maximum [Member] | Subsequent Event [Member] | Ocwen Loan Servicing [Member] | NRZ [Member]                          
Description of Business and Basis of Presentation [Line Items]                          
Increased costs of financing to be compensated during any calendar month                 3,000,000.0ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod
/ us-gaap_CounterpartyNameAxis
= ocn_NewResidentialInvestmentCorpMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Increased costs of financing to be compensated during contractual term                 36,000,000.0ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringContractualTerm
/ us-gaap_CounterpartyNameAxis
= ocn_NewResidentialInvestmentCorpMember
/ dei_LegalEntityAxis
= ocn_OcwenLoanServicingMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember