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Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Debt Instrument [Line Items]    
Match funded liabilities $ 1,741,122 $ 2,090,247
Weighted average interest rate 2.52% 1.97%
Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 399,369  
Match funded liabilities 1,400,631 $ 1,657,659
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] 39,514  
Match funded liabilities 72,986 59,014
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] 182,495  
Match funded liabilities [2] 267,505 0
Ocwen Freddie Servicer Advance Receivables Trust Series 2012-ADV1 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[3] 0  
Match funded liabilities [3] $ 0 373,080
Maturity date [4],[5] Jun. 30, 2017  
Amortization date [4],[5] Jun. 30, 2015  
Ocwen Servicer Advance Funding (SBC) Note [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[6] $ 0  
Match funded liabilities [6] $ 0 494
Maturity date [4],[6] Dec. 31, 2015  
Amortization date [4],[6] Dec. 31, 2014  
Advance Receivables Backed Notes, Series 2013-VF2,Class A [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 124,969  
Match funded liabilities $ 439,031 519,634
Maturity date [4] Oct. 31, 2045  
Amortization date [4] Oct. 31, 2015  
Basis spread on variable rate [7] 1.91%  
Advance Receivables Backed Notes, Series 2013-VF2,Class B [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 8,154  
Match funded liabilities $ 27,846 32,919
Maturity date [4] Oct. 31, 2045  
Amortization date [4] Oct. 31, 2015  
Basis spread on variable rate [8] 3.43%  
Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 133,123  
Match funded liabilities $ 466,877 552,553
Maturity date [4] Oct. 31, 2045  
Amortization date [4] Oct. 31, 2015  
Advance Receivables Backed Notes - Series 2014-VF4 [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 133,123  
Match funded liabilities $ 466,877 552,553
Maturity date [4] Oct. 31, 2045  
Amortization date [4] Oct. 31, 2015  
Advance Receivables Backed Notes, Series 2014-VF1,Class A [Member] | Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[9] $ 39,514  
Match funded liabilities [9] $ 25,947 21,192
Maturity date [4],[9] Dec. 31, 2045  
Amortization date [4],[9] Dec. 31, 2015  
Basis spread on variable rate [9] 2.75%  
Advance Receivables Backed Notes, Series 2014-VF1,Class B [Member] | Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[9] $ 0  
Match funded liabilities [9] $ 16,907 13,598
Maturity date [4],[9] Dec. 31, 2045  
Amortization date [4],[9] Dec. 31, 2015  
Basis spread on variable rate [9] 3.25%  
Advance Receivables Backed Notes, Series 2014-VF1,Class C [Member] | Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[9] $ 0  
Match funded liabilities [9] $ 12,732 10,224
Maturity date [4],[9] Dec. 31, 2045  
Amortization date [4],[9] Dec. 31, 2015  
Basis spread on variable rate [9] 3.75%  
Advance Receivables Backed Notes, Series 2014-VF1,Class D [Member] | Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[9] $ 0  
Match funded liabilities [9] $ 17,400 14,000
Maturity date [4],[9] Dec. 31, 2045  
Amortization date [4],[9] Dec. 31, 2015  
Basis spread on variable rate [9] 4.70%  
Advance Receivables Backed Notes, Series 2015-VF1,Class A [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 182,495  
Match funded liabilities [2] $ 33,918 0
Maturity date [2],[4] Jun. 30, 2046  
Amortization date [2],[4] Jun. 30, 2016  
Advance Receivables Backed Notes, Series 2015-VF1,Class B [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 3,883 0
Maturity date [2],[4] Jun. 30, 2046  
Amortization date [2],[4] Jun. 30, 2016  
Advance Receivables Backed Notes, Series 2015-VF1,Class C [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 1,968 0
Maturity date [2],[4] Jun. 30, 2046  
Amortization date [2],[4] Jun. 30, 2016  
Advance Receivables Backed Notes, Series 2015-VF1,Class D [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 2,736 0
Maturity date [2],[4] Jun. 30, 2046  
Amortization date [2],[4] Jun. 30, 2016  
Advance Receivables Backed Notes, Series 2015-T1,Class A [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 57,100 0
Maturity date [2],[4] Nov. 30, 2045  
Amortization date [2],[4] Nov. 30, 2015  
Basis spread on variable rate [2] 2.062%  
Advance Receivables Backed Notes, Series 2015-T1,Class B [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 5,400 0
Maturity date [2],[4] Nov. 30, 2045  
Amortization date [2],[4] Nov. 30, 2015  
Basis spread on variable rate [2] 2.557%  
Advance Receivables Backed Notes, Series 2015-T1,Class C [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 1,900 0
Maturity date [2],[4] Nov. 30, 2045  
Amortization date [2],[4] Nov. 30, 2015  
Basis spread on variable rate [2] 3.051%  
Advance Receivables Backed Notes, Series 2015-T1,Class D [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 5,600 0
Maturity date [2],[4] Nov. 30, 2045  
Amortization date [2],[4] Nov. 30, 2015  
Basis spread on variable rate [2] 3.79%  
Advance Receivables Backed Notes, Series 2015-T2,Class A [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 127,200 0
Maturity date [2],[4] Sep. 30, 2045  
Amortization date [2],[4] Sep. 30, 2015  
Basis spread on variable rate [2] 2.014%  
Advance Receivables Backed Notes, Series 2015-T2,Class B [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 12,600 0
Maturity date [2],[4] Sep. 30, 2045  
Amortization date [2],[4] Sep. 30, 2015  
Basis spread on variable rate [2] 2.509%  
Advance Receivables Backed Notes, Series 2015-T2,Class C [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 3,600 0
Maturity date [2],[4] Sep. 30, 2045  
Amortization date [2],[4] Sep. 30, 2015  
Basis spread on variable rate [2] 3.003%  
Advance Receivables Backed Notes, Series 2015-T2,Class D [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[2] $ 0  
Match funded liabilities [2] $ 11,600 0
Maturity date [2],[4] Sep. 30, 2045  
Amortization date [2],[4] Sep. 30, 2015  
Basis spread on variable rate [2] 3.743%  
Match Funded Liabilties [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity $ 621,378  
Match funded liabilities $ 1,741,122 $ 2,090,247
London Interbank Offered Rate (LIBOR) [Member] | Ocwen Freddie Servicer Advance Receivables Trust Series 2012-ADV1 [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [3],[5] 1.75%  
London Interbank Offered Rate (LIBOR) [Member] | Ocwen Servicer Advance Funding (SBC) Note [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [6] 3.00%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [10] 1.75%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes - Series 2014-VF4 [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [11] 1.75%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class A [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [2] 2.125%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class B [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [2] 3.00%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class C [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [2] 3.50%  
London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class D [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [2] 4.25%  
[1] Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At June 30, 2015, $169.6 million of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged
[2] We entered into this facility on June 10, 2015. Under the terms of the agreement, we must continue to borrow the full amount of the Series 2015-T1 and Series 2015-T2 term notes until the amortization date. If there is insufficient collateral to support the level of borrowing, the excess cash proceeds are not distributed to Ocwen but are held by the trustee, and interest expense continues to be based on the full amount of the term notes.
[3] 1-Month LIBOR (1ML) was 0.19% and 0.17% at June 30, 2015 and December 31, 2014, respectively.
[4] The amortization date of our advance financing facilities is the date on which the revolving period ends under each advance financing facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In each of our advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
[5] We repaid this facility in full in June 2015 from the proceeds of the OFAF facility.
[6] We voluntarily terminated this facility on January 15, 2015.
[7] The interest margin on this note is scheduled to increase to 215 bps on August 15, 2015 and to 239 bps on September 15, 2015.
[8] The interest margin on this note is scheduled to increase to 386 bps on August 15, 2015 and to 429 bps on September 15, 2015.
[9] Effective April 23, 2015, the maximum borrowing under this facility decreases by $6.3 million per month until it is reduced to $75.0 million.
[10] The interest margin on this note is scheduled to increase to 200 bps on July 15, 2015, 225 bps on August 15, 2015 and to 250 bps on September 15, 2015.
[11] The interest margin on this note was scheduled to increase to 200 bps on July 15, 2015, 225 bps on August 15, 2015 and to 250 bps on September 15, 2015. Effective July 1, 2015, the Series 2014-VF4 note was replaced by four notes - VF4 Class A with a maximum borrowing capacity of $515,076 and a margin of 154 bps; Class B with a maximum borrowing capacity of $20,744 and a margin of 200 bps; Class C with a maximum borrowing capacity of $24,614 and a margin of 275 bps; and Class D with a maximum borrowing capacity of $39,566 and a margin of 375 bps. However, the weighted average margin on the Series 2014-VF4 notes is limited to 175 bps.