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Other Assets - Schedule of Other Assets (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Other Assets [Abstract]    
Contingent loan repurchase asset $ 283,900ocn_LoanRepurchaseAsset [1] $ 274,265ocn_LoanRepurchaseAsset [1]
Debt service accounts 86,437ocn_DebtServiceAccounts [2] 91,974ocn_DebtServiceAccounts [2]
Prepaid lender fees and debt issuance costs, net 41,025us-gaap_DeferredFinanceCostsNet 31,337us-gaap_DeferredFinanceCostsNet
Real estate 23,145us-gaap_OtherRealEstate 16,720us-gaap_OtherRealEstate
Prepaid expenses 15,782us-gaap_PrepaidExpenseCurrentAndNoncurrent 17,957us-gaap_PrepaidExpenseCurrentAndNoncurrent
Prepaid income taxes 15,274us-gaap_PrepaidTaxes 16,450us-gaap_PrepaidTaxes
Derivatives, at fair value 9,545us-gaap_DerivativeFairValueOfDerivativeNet 6,065us-gaap_DerivativeFairValueOfDerivativeNet
Mortgage backed securities 7,701us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure 7,335us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
Other 17,850us-gaap_PrepaidExpenseAndOtherAssets 28,708us-gaap_PrepaidExpenseAndOtherAssets
Other assets $ 500,659us-gaap_OtherAssets $ 490,811us-gaap_OtherAssets
[1] In connection with the Ginnie Mae EBO Transactions, our agreements provide either that: (a) we have the right, but not the obligation, to repurchase previously transferred mortgage loans under certain conditions, including the mortgage loans becoming eligible for pooling under a program sponsored by Ginnie Mae or (b) we have the obligation to repurchase previously transferred mortgage loans that have been subject to a successful trial modification before any permanent modification is made. Once these conditions are met, we have effectively regained control over the mortgage loan(s), and under GAAP, must re-recognize the loan on our consolidated balance sheets and establish a corresponding repurchase liability. With respect to those loans that we have the right, but not the obligation, to repurchase under the applicable agreement, this requirement applies regardless of whether we have any intention to repurchase the loan. We re-recognized mortgage loans in Other assets and the corresponding liability in Other liabilities.
[2] Under our advance funding financing facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. The collected funds are not applied to reduce the related match funded debt until the payment dates specified in the indenture. The balances also include amounts that have been set aside from the proceeds of our match funded advance facilities and certain of our warehouse facilities to provide for possible shortfalls in the funds available to pay certain expenses and interest. The funds related to match funded facilities are held in interest earning accounts in the name of the SPE created in connection with the facility.