XML 40 R52.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value - Schedule of Fair Value Assets and Liabilities (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Mar. 31, 2014
Dec. 31, 2013
Loans held for sale:        
Loans held for sale, at fair value $ 339,508us-gaap_LoansHeldForSaleFairValueDisclosure $ 401,120us-gaap_LoansHeldForSaleFairValueDisclosure $ 338,228us-gaap_LoansHeldForSaleFairValueDisclosure $ 503,753us-gaap_LoansHeldForSaleFairValueDisclosure
Total Loans held for sale 407,997us-gaap_LoansHeldForSaleMortgages 488,612us-gaap_LoansHeldForSaleMortgages    
Financing liabilities:        
HMBS-related borrowings, at fair value 2,296,892ocn_HMBSBorrowingsFairValueDisclosure 2,058,693ocn_HMBSBorrowingsFairValueDisclosure    
MSRs:        
Mortgage servicing rights, at fair value 897,797us-gaap_ServicingAssetAtFairValueAmount 93,901us-gaap_ServicingAssetAtFairValueAmount    
Total MSRs 1,820,651us-gaap_ServicingAsset 1,913,992us-gaap_ServicingAsset    
Carrying Value [Member]        
Loans held for sale:        
Total Loans held for sale 407,997us-gaap_LoansHeldForSaleMortgages
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 488,612us-gaap_LoansHeldForSaleMortgages
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		    
Financing liabilities:        
Total Financing liabilities 2,488,607ocn_FinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 2,258,641ocn_FinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		    
Other secured borrowings:        
Total Other secured borrowings 1,603,707ocn_OtherBorrowingsIncludingSecuredBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 1,733,691ocn_OtherBorrowingsIncludingSecuredBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		    
MSRs:        
Total MSRs 1,820,651us-gaap_ServicingAsset
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 1,913,992us-gaap_ServicingAsset
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		    
Carrying Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]        
Derivative financial instruments assets (liabilities):        
Forward MBS trades (5,249)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= ocn_ForwardMortgageBackedSecuritiesTradesMember		 [1] (2,854)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= ocn_ForwardMortgageBackedSecuritiesTradesMember		 [1]    
Carrying Value [Member] | Level 2 [Member]        
Loans held for sale:        
Loans held for sale, at fair value 339,508us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 401,120us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Other secured borrowings:        
Senior secured term loan 1,196,498ocn_SeniorSecuredTermLoanFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 1,273,219ocn_SeniorSecuredTermLoanFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Senior unsecured notes 350,000ocn_UnsecuredDebtFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 350,000ocn_UnsecuredDebtFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Carrying Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]        
Derivative financial instruments assets (liabilities):        
Interest Rate Lock Commitments (IRLCs) 9,516us-gaap_InterestRateDerivativeAssetsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember		 [1] 6,065us-gaap_InterestRateDerivativeAssetsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember		 [1]    
Carrying Value [Member] | Level 3 [Member]        
Loans held for sale:        
Loans held for sale, at lower of cost or fair value 68,489ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [3] 87,492ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [3]    
Loans held for investment - Reverse mortgages, at fair value 1,808,141ocn_LoansHeldforInvestmentFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 1,550,141ocn_LoansHeldforInvestmentFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Advances and match funded advances 3,195,505ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 3,303,356ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Receivables, net 299,836us-gaap_ReceivablesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 270,596us-gaap_ReceivablesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Mortgage-backed securities, at fair value 7,701us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 7,335us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Financial liabilities:        
Match funded liabilities 2,000,676ocn_MatchFundedLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 2,090,247ocn_MatchFundedLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Financing liabilities:        
HMBS-related borrowings, at fair value 1,702,397ocn_HMBSBorrowingsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 1,444,252ocn_HMBSBorrowingsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Financing liability - MSRs pledged 594,495ocn_MortgageServiceRightsPledgedFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 614,441ocn_MortgageServiceRightsPledgedFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Other 191,715ocn_OtherFinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 199,948ocn_OtherFinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
Other secured borrowings:        
Other 407,209us-gaap_OtherLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2] 460,472us-gaap_OtherLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2]    
MSRs:        
Mortgage servicing rights, at fair value 897,797us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1] 93,901us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [1]    
Mortgage servicing rights, at amortized cost 922,854us-gaap_ServicingAssetAtAmortizedValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2],[4] 1,820,091us-gaap_ServicingAssetAtAmortizedValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember		 [2],[4]    
Carrying Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]        
Derivative financial instruments assets (liabilities):        
Interest rate caps 203us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember		 [1] 567us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember		 [1]    
Fair Value [Member]        
Loans held for sale:        
Total Loans held for sale 407,997us-gaap_LoansHeldForSaleMortgages
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 488,612us-gaap_LoansHeldForSaleMortgages
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		    
Financing liabilities:        
Total Financing liabilities 2,469,502ocn_FinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 2,248,341ocn_FinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		    
Other secured borrowings:        
Total Other secured borrowings 1,562,375ocn_OtherBorrowingsIncludingSecuredBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 1,658,699ocn_OtherBorrowingsIncludingSecuredBorrowings
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		    
MSRs:        
Total MSRs 1,961,931us-gaap_ServicingAsset
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 2,331,604us-gaap_ServicingAsset
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		    
Fair Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]        
Derivative financial instruments assets (liabilities):        
Forward MBS trades (5,249)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= ocn_ForwardMortgageBackedSecuritiesTradesMember		 [1] (2,854)us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= ocn_ForwardMortgageBackedSecuritiesTradesMember		 [1]    
Fair Value [Member] | Level 2 [Member]        
Loans held for sale:        
Loans held for sale, at fair value 339,508us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 401,120us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Other secured borrowings:        
Senior secured term loan 1,155,166ocn_SeniorSecuredTermLoanFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 1,198,227ocn_SeniorSecuredTermLoanFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Senior unsecured notes 304,500ocn_UnsecuredDebtFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 321,563ocn_UnsecuredDebtFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Fair Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]        
Derivative financial instruments assets (liabilities):        
Interest Rate Lock Commitments (IRLCs) 9,516us-gaap_InterestRateDerivativeAssetsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember		 [1] 6,065us-gaap_InterestRateDerivativeAssetsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember		 [1]    
Fair Value [Member] | Level 3 [Member]        
Loans held for sale:        
Loans held for sale, at lower of cost or fair value 68,489ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [3] 87,492ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [3]    
Loans held for investment - Reverse mortgages, at fair value 1,808,141ocn_LoansHeldforInvestmentFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 1,550,141ocn_LoansHeldforInvestmentFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Advances and match funded advances 3,195,505ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 3,303,356ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Receivables, net 299,836us-gaap_ReceivablesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 270,596us-gaap_ReceivablesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Mortgage-backed securities, at fair value 7,701us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 7,335us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Financial liabilities:        
Match funded liabilities 2,000,676ocn_MatchFundedLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 2,090,247ocn_MatchFundedLiabilities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Financing liabilities:        
HMBS-related borrowings, at fair value 1,702,397ocn_HMBSBorrowingsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 1,444,252ocn_HMBSBorrowingsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Financing liability - MSRs pledged 594,495ocn_MortgageServiceRightsPledgedFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 614,441ocn_MortgageServiceRightsPledgedFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Other 172,610ocn_OtherFinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 189,648ocn_OtherFinancingLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
Other secured borrowings:        
Other 407,209us-gaap_OtherLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2] 460,472us-gaap_OtherLiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2]    
MSRs:        
Mortgage servicing rights, at fair value 897,797us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1] 93,901us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [1]    
Mortgage servicing rights, at amortized cost 1,064,134us-gaap_ServicingAssetAtAmortizedValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2],[4] 2,237,703us-gaap_ServicingAssetAtAmortizedValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember		 [2],[4]    
Fair Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]        
Derivative financial instruments assets (liabilities):        
Interest rate caps $ 203us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember		 [1] $ 567us-gaap_DerivativeAssets
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateCapMember		 [1]    
[1] Measured at fair value on a recurring basis.
[2] Disclosed, but not carried, at fair value.
[3] Measured at fair value on a non-recurring basis.
[4] The balance at March 31, 2015 includes our impaired government-insured stratum of amortization method MSRs, which is measured at fair value on a non-recurring basis. The carrying value of this stratum at March 31, 2015 was $127.1 million, net of a valuation allowance of $17.8 million.