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Borrowings - Schedule of Other Secured Borrowings (Details) - USD ($) $ in Thousands | 6 Months Ended |
--- | --- | ---
Jun. 30, 2015 | Dec. 31, 2014
Line of Credit Facility [Line Items] |  |  |
Other secured borrowings |  | $ 2,743,670 | $ 2,258,641
Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | 11,032 |
Discount | [1] | (3,338) | (4,031)
Long-term Debt |  | $ 1,290,431 | $ 1,733,691
Weighted average interest rate |  | 4.37% | 4.33%
Other Secured Borrowings [Member] | Total Servicing Lines Of Credit [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | $ 11,032 |
Other secured borrowings |  | 1,293,769 | $ 1,737,722
Other Secured Borrowings [Member] | Servicing [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | 7,132 |
Other secured borrowings |  | 979,003 | 1,309,268
Other Secured Borrowings [Member] | Servicing [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1] | 0 |
Other secured borrowings | [1] | $ 936,135 | 1,277,250
Maturity date | [1] | Feb. 28, 2018 |
Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2] | $ 7,132 |
Other secured borrowings | [2] | $ 42,868 | 32,018
Maturity date | [2] | Jul. 31, 2015 |
Other Secured Borrowings [Member] | Lending [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | $ 3,900 |
Other secured borrowings |  | 314,766 | 428,454
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [3] | 0 |
Other secured borrowings | [3] | $ 172,270 | 208,010
Maturity date | [3] | Jul. 31, 2015 |
Other Secured Borrowings [Member] | Lending [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [4] | $ 0 |
Other secured borrowings | [4] | $ 14,401 | 41,646
Maturity date | [4] | Apr. 30, 2016 |
Other Secured Borrowings [Member] | Lending [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [5] | $ 0 |
Other secured borrowings | [5] | $ 69,175 | 196
Maturity date | [5] | Apr. 30, 2016 |
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [6] | $ 0 |
Other secured borrowings | [6] | $ 0 | 102,073
Maturity date | [6] | Jul. 31, 2015 |
Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [7] | $ 3,900 |
Other secured borrowings | [7] | $ 33,600 | 52,678
Maturity date | [7] | Jul. 31, 2015 |
Other Secured Borrowings [Member] | Lending [Member] | Mortgage Warehouse Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [8] | $ 0 |
Other secured borrowings | [8] | $ 25,320 | $ 23,851
Maturity date | [8] | Jul. 31, 2015 |
Interest rate at index floor rate | [8] | 3.50% |
Eurodollar [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [1] | 3.75% |
Interest rate at index floor rate | [1] | 1.25% |
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [3] | 1.75% |
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [7] | 2.75% |
London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Mortgage Warehouse Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [8] | 2.75% |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [2] | 2.00% |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [6] | 1.75% |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Servicing [Member] | Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [2] | 3.45% |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Other Secured Borrowings [Member] | Lending [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [6] | 2.75% |
[1] | On March 2, 2015, we entered into an amendment to the SSTL facility agreement. Among other things, the amendment:•eliminates the dollar cap on the general asset sale basket and requires Ocwen to use 75% of the net cash proceeds from permitted asset sales under such general asset basket to prepay the loans under the SSTL and, subject to certain conditions, permits Ocwen to use the remaining 25% of such net cash proceeds to reinvest in assets used in the business of OLS and its subsidiaries within 120 days of receipt thereof (subject to an extension of up to 90 days if a binding agreement is entered into within such 120 days); and•increases the quarterly covenant levels of the corporate leverage ratio to 3.5-to-1 for the fiscal quarter ended March 31, 2015 and thereafter.
[2] | Under this repurchase agreement, the lender provides financing on a committed basis for $50.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $50.0 million.
[3] | Under this repurchase agreement, the lender provides financing on a committed basis for $150.0 million and, at the discretion of the lender, on an uncommitted basis for an additional $150.0 million.
[4] | Under this participation agreement, the lender provides financing for $100.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement. On April 16, 2015, the maximum borrowing capacity was increased to $100.0 million.
[5] | Under this participation agreement, the lender provides financing for $150.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement.
[6] | .
[7] | On April 16, 2015, the maximum borrowing capacity under this agreement was reduced to $37.5 million.
[8] | Borrowing capacity of $60.0 million under this facility is available at the discretion of the lender.

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