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Basic and Diluted Earnings per Share - Schedule of Basic EPS to Diluted EPS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Basic earnings per share:    
Net income attributable to Ocwen common stockholders $ 34,355us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 59,504us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Weighted average shares of common stock (in shares) 125,272,228us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 135,227,067us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Basic earnings per share (in USD per share) $ 0.27us-gaap_EarningsPerShareBasic $ 0.44us-gaap_EarningsPerShareBasic
Diluted earnings per share:    
Net income attributable to Ocwen common stockholders 34,355us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted 59,504us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Preferred stock dividends 0us-gaap_PreferredStockDividendsAndOtherAdjustments [1] 997us-gaap_PreferredStockDividendsAndOtherAdjustments [1]
Adjusted net income attributable to Ocwen $ 34,355us-gaap_NetIncomeLossAttributableToParentDiluted $ 60,501us-gaap_NetIncomeLossAttributableToParentDiluted
Weighted average shares of common stock (in shares) 125,272,228us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 135,227,067us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive elements:    
Preferred stock (in shares) 0us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock [1] 1,950,298us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock [1]
Stock options (in shares) 1,725,280us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 3,908,333us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Common stock awards (in shares) 2,154ocn_IncrementalCommonSharesAttributableToCommonStockAwards 3,757ocn_IncrementalCommonSharesAttributableToCommonStockAwards
Dilutive weighted average shares of common stock (in shares) 126,999,662us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 141,089,455us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Diluted earnings per share (in USD per share) $ 0.27us-gaap_EarningsPerShareDiluted $ 0.43us-gaap_EarningsPerShareDiluted
Stock options excluded from the computation of diluted EPS:    
Anti-dilutive Securities (in shares) 2,010,902us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount [2] 0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount [2]
Market Based [Member]    
Stock options excluded from the computation of diluted EPS:    
Anti-dilutive Securities (in shares) 851,263us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ocn_MarketBasedMember
[3] 547,500us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
/ us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis
= ocn_MarketBasedMember
[3]
[1] Prior to the conversion of our remaining preferred stock into common stock in July 2014, we computed the effect on diluted earnings per share using the if-converted method. For purposes of computing diluted earnings per share, we assume the conversion of the preferred stock into shares of common stock unless the effect is anti-dilutive.
[2] These options were anti-dilutive because their exercise price was greater than the average market price of our stock.
[3] Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.