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Loans Held for Sale - Schedule of Loans Held for Sale at Lower Cost or Fair Value, Activity (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Movement In Loans Held For Sale At Fair Value [Roll Forward]    
Beginning balance $ 87,492ocn_LoansHeldForSaleAtLowerOfCostOrFairValue $ 62,907ocn_LoansHeldForSaleAtLowerOfCostOrFairValue
Purchases 113,896ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue 959,756ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
Proceeds from sales (140,948)ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue (835,786)ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
Principal collections (13,863)ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue (96,300)ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
Transfers to accounts receivable (16,572)ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue (66,187)ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
Transfers to real estate owned (2,296)ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue (648)ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
Gain on sale of loans 17,271ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue 23,031ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
Decrease (increase) in valuation allowance 19,728ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue (4,163)ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
Other 3,781ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue 2,865ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
Ending balance $ 68,489ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2] $ 45,475ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2]
[1] The balances at March 31, 2015 and March 31, 2014 include $43.9 million and $6.1 million, respectively, of loans that we were required to repurchase from Ginnie Mae guaranteed securitizations as part of our servicing obligations. Repurchased loans are modified or otherwise remediated through loss mitigation activities or are reclassified to receivables.
[2] The balances at March 31, 2015 and March 31, 2014 are net of valuation allowances of $29.9 million and $36.0 million, respectively. The decrease in the valuation allowance for the three months ended March 31, 2015 resulted principally from the reversal of $22.5 million of the allowance that was associated with loans that were sold to an unrelated third party in March 2015. This decrease was partly offset by an increase of $0.9 million in the allowance resulting from transfers from the liability for indemnification obligations for the initial valuation adjustment that we recognized on certain loans that we repurchased from Fannie Mae and Freddie Mac guaranteed securitizations. For the three months ended March 31, 2014 the increase in the allowance was principally the result of $5.4 million of such transfers from the liability for indemnification obligations.