XML 31 R87.htm IDEA: XBRL DOCUMENT v2.4.1.9
Borrowings - Narrative (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Dec. 31, 2014
May 12, 2014
Debt Instrument [Line Items]      
Transfers accounted for as secured borrowings, associated liabilities, carrying amount $ 2,000,676,000us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount $ 2,090,247,000us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount  
Advance Receivable Backed Notes Series 2012-ADV1 [Member]      
Debt Instrument [Line Items]      
Transfers accounted for as secured borrowings, associated liabilities, carrying amount 348,342,000us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesOneMember
[1] 373,080,000us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesOneMember
[1]  
Maximum borrowing capacity 400,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ocn_AdvanceReceivableBackedNotesSeriesOneMember
   
Unsecured Debt [Member] | 6.625% Senior Notes due 2019      
Debt Instrument [Line Items]      
Face amount     350,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
Interest rate, stated percentage     6.625%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
Days after the closing of the offering for the registration statement to become effective (on or prior to 270 days) 270 days    
Additional interest 0.25%us-gaap_DebtInstrumentInterestRateIncreaseDecrease
/ us-gaap_DebtInstrumentAxis
= ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
   
Period for additional interest accrued on non completion of exchange offer 90 days    
Unamortized debt issuance expense 5,500,000us-gaap_UnamortizedDebtIssuanceExpense
/ us-gaap_DebtInstrumentAxis
= ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
   
Senior Secured Term Loan [Member]      
Debt Instrument [Line Items]      
Covenant compliance, consolidated tangible net worth 630,000,000ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorth
/ us-gaap_CreditFacilityAxis
= ocn_SeniorSecuredTermLoanMember
   
Covenant compliance, percent of quarterly net income 65.00%ocn_DebtInstrumentCovenantCompliancePercentofQuarterlyNetIncome
/ us-gaap_CreditFacilityAxis
= ocn_SeniorSecuredTermLoanMember
   
Covenant compliance, consolidated tangible net worth at period end $ 979,400,000ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
/ us-gaap_CreditFacilityAxis
= ocn_SeniorSecuredTermLoanMember
   
Maximum [Member] | Unsecured Debt [Member] | 6.625% Senior Notes due 2019      
Debt Instrument [Line Items]      
Additional interest 1.00%us-gaap_DebtInstrumentInterestRateIncreaseDecrease
/ us-gaap_DebtInstrumentAxis
= ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
[1] 1-Month LIBOR (1ML) was 0.18% and 0.17% at March 31, 2015 and December 31, 2014, respectively.