XML 115 R82.htm IDEA: XBRL DOCUMENT v2.4.1.9

Borrowings - Schedule of Match Funded Liabilities (Footnote) (Details) (USD $)

3 Months Ended

0 Months Ended

1 Months Ended

Mar. 31, 2015

Facility

Apr. 23, 2015

Apr. 30, 2015

Dec. 31, 2014

Debt Instrument [Line Items]

Number of line of advance facilities

2ocn_NumberofLineofCreditFacility

London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate, basis for effective rate at period end

0.18%ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

0.17%ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

Advance Receivable Backed Note [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNoteMember

^[1],[2]

Debt facility termination date

Jan. 15, 2015

Advance Receivable Backed Note [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

^[1]

Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

68,214,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember

^[2]

Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.67%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

^[3]

Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

4,584,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB2VariableFundingNoteMember

^[2]

Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB2VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

^[4]

Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

72,799,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember

^[2]

Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

^[5]

Advance Receivables Backed Notes - Series 2014-VF4 [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

72,799,000us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember

^[2]

Advance Receivables Backed Notes - Series 2014-VF4 [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

^[6]

Subsequent Event [Member]

Debt Instrument [Line Items]

Increase (decrease) to borrowing capacity

6,300,000ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember

Maximum borrowing capacity

75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member] | July 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.91%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod1Member

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member] | August 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod2Member

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class A [Member] | September 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.39%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod3Member

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member] | July 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

3.43%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod1Member

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member] | August 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

3.86%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod2Member

Subsequent Event [Member] | Advance Receivables Backed Notes, Series 2013-VF2, Class B [Member] | September 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

4.29%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassB2VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod3Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | July 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod1Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | August 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod2Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | September 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA3VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod3Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF4 [Member] | July 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod1Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF4 [Member] | August 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.12%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod2Member

Subsequent Event [Member] | Advance Receivables Backed Notes - Series 2014-VF4 [Member] | September 15, 2015 [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= ocn_ClassA4VariableFundingNoteMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= ocn_MarginPeriod3Member

Residential Mortgage [Member]

Debt Instrument [Line Items]

Number of line of credit facilities for which collateral may be pledged

1ocn_NumberOfLineOfCreditFacilitiesForWhichCollateralMayBepledged
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_ResidentialMortgageMember

Available borrowing capacity that could be used based on amount of eligible collateral pledged

0us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_ResidentialMortgageMember

[1]	We voluntarily terminated this facility on January 15, 2015.
[2]	Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At March 31, 2015, none of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged
[3]	The interest margin on this note is scheduled to increase to 191 bps on July 15, 2015, to 215 bps on August 15, 2015 and to 239 bps on September 15, 2015.
[4]	The interest margin on this note is scheduled to increase to 343 bps on July 15, 2015, to 386 bps on August 15, 2015 and to 429 bps on September 15, 2015.
[5]	The interest margin on this note is scheduled to increase to 200 bps on July 15, 2015, to 225 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[6]	The interest margin on this note is scheduled to increase to 200 bps on July 15, 2015, to 212 bps on August 15, 2015 and to 250 bps on September 15, 2015.

X

- Definition

Debt Instrument, Interest Rate, Basis for Effective Rate at Period End

+ References

No definition available.

+ Details

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Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Line of Credit Facility, Increase (Decrease) to Borrowing Capacity

+ References

No definition available.

+ Details

Name:	ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity
Namespace Prefix:	ocn_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Number of line of credit facilities for which collateral may be pledged.

+ References

No definition available.

+ Details

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X

- Definition

Number of Line of Credit Facility

+ References

No definition available.

+ Details

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Balance Type:	na
Period Type:	duration

X

- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

+ Details

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- Details

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Balance Type:	na
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X

- Definition

End date of debt instrument redemption period, in CCYY-MM-DD format.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-Subparagraph e

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

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Balance Type:	na
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X

- Definition

Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Subparagraph b

-Article 5

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Namespace Prefix:	us-gaap_
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X

- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

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