XML 92 R84.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2015 | Dec. 31, 2014
Debt Instrument [Line Items] |  |  |
Available borrowing capacity |  | $ 176,900 |
Match funded liabilities |  | $ 1,589,846 | $ 2,090,247
Weighted average interest rate |  | 2.91% | 1.97%
Ocwen Freddie Servicer Advance Receivables Trust Series 2012-ADV1 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[2] | $ 0 |
Match funded liabilities | [2] | $ 0 | $ 373,080
Maturity date | [2],[3] | Jun. 30, 2017 |
Amortization date | [2],[3] | Jun. 30, 2015 |
Ocwen Servicer Advance Funding (SBC) Note [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[4] | $ 0 |
Match funded liabilities | [4] | $ 0 | 494
Maturity date | [3],[4] | Dec. 31, 2015 |
Amortization date | [3],[4] | Dec. 31, 2014 |
Match Funded Liabilties [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity |  | $ 442,654 |
Match funded liabilities |  | 1,589,846 | 2,090,247
Total Ocwen Master Advance Receivables Trust (OMART) [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1] | 371,632 |
Match funded liabilities |  | 1,278,368 | 1,657,659
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2013-VF2,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[5] | 0 |
Match funded liabilities | [5] | $ 0 | 519,634
Maturity date | [3],[5] | Oct. 31, 2045 |
Amortization date | [3],[5] | Oct. 31, 2015 |
Basis spread on variable rate | [5] | 1.91% |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2013-VF2,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[5] | $ 0 |
Match funded liabilities | [5] | $ 0 | 32,919
Maturity date | [3],[5] | Oct. 31, 2045 |
Amortization date | [3],[5] | Oct. 31, 2015 |
Basis spread on variable rate | [5] | 3.43% |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[6] | $ 100,547 |
Match funded liabilities | [6] | $ 263,244 | 552,553
Maturity date | [3],[6] | Sep. 30, 2046 |
Amortization date | [3],[6] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[6] | $ 4,604 |
Match funded liabilities | [6] | $ 12,551 | 0
Maturity date | [3],[6] | Sep. 30, 2046 |
Amortization date | [3],[6] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[6] | $ 5,154 |
Match funded liabilities | [6] | $ 13,825 | 0
Maturity date | [3],[6] | Sep. 30, 2046 |
Amortization date | [3],[6] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[6] | $ 13,572 |
Match funded liabilities | [6] | $ 36,503 | 0
Maturity date | [3],[6] | Sep. 30, 2046 |
Amortization date | [3],[6] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[7] | $ 100,547 |
Match funded liabilities | [7] | $ 263,244 | 552,553
Maturity date | [3],[7] | Sep. 30, 2046 |
Amortization date | [3],[7] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[7] | $ 4,604 |
Match funded liabilities | [7] | $ 12,551 | 0
Maturity date | [3],[7] | Sep. 30, 2046 |
Amortization date | [3],[7] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[7] | $ 5,154 |
Match funded liabilities | [7] | $ 13,825 | 0
Maturity date | [3],[7] | Sep. 30, 2046 |
Amortization date | [3],[7] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[7] | $ 13,572 |
Match funded liabilities | [7] | $ 36,503 | 0
Maturity date | [3],[7] | Sep. 30, 2046 |
Amortization date | [3],[7] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 100,548 |
Match funded liabilities | [8] | $ 263,243 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 4,604 |
Match funded liabilities | [8] | $ 12,551 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 5,154 |
Match funded liabilities | [8] | $ 13,825 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 13,572 |
Match funded liabilities | [8] | $ 36,503 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 0 |
Match funded liabilities | [8] | $ 244,809 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Basis spread on variable rate | [8] | 2.5365% |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 0 |
Match funded liabilities | [8] | $ 10,930 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Basis spread on variable rate | [8] | 3.0307% |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 0 |
Match funded liabilities | [8] | $ 12,011 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Basis spread on variable rate | [8] | 3.524% |
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[8] | $ 0 |
Match funded liabilities | [8] | $ 32,250 | 0
Maturity date | [3],[8] | Sep. 30, 2046 |
Amortization date | [3],[8] | Sep. 30, 2016 |
Basis spread on variable rate | [8] | 4.10% |
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[9] | $ 40,530 |
Match funded liabilities | [9] | 46,970 | 59,014
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member] | Advance Receivables Backed Notes, Series 2014-VF1,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[9] | 6,762 |
Match funded liabilities | [9] | $ 16,548 | 21,192
Maturity date | [3],[9] | Dec. 31, 2045 |
Amortization date | [3],[9] | Dec. 31, 2015 |
Basis spread on variable rate | [9] | 2.75% |
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member] | Advance Receivables Backed Notes, Series 2014-VF1,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[9] | $ 11,482 |
Match funded liabilities | [9] | $ 10,918 | 13,598
Maturity date | [3],[9] | Dec. 31, 2045 |
Amortization date | [3],[9] | Dec. 31, 2015 |
Basis spread on variable rate | [9] | 3.25% |
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member] | Advance Receivables Backed Notes, Series 2014-VF1,Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[9] | $ 8,920 |
Match funded liabilities | [9] | $ 8,230 | 10,224
Maturity date | [3],[9] | Dec. 31, 2045 |
Amortization date | [3],[9] | Dec. 31, 2015 |
Basis spread on variable rate | [9] | 3.75% |
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member] | Advance Receivables Backed Notes, Series 2014-VF1,Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[9] | $ 13,366 |
Match funded liabilities | [9] | $ 11,274 | 14,000
Maturity date | [3],[9] | Dec. 31, 2045 |
Amortization date | [3],[9] | Dec. 31, 2015 |
Basis spread on variable rate | [9] | 4.70% |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 30,492 |
Match funded liabilities | [10] | 264,508 | 0
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | 0 |
Match funded liabilities | [10] | $ 57,100 | 0
Maturity date | [3],[10] | Nov. 30, 2045 |
Amortization date | [3],[10] | Nov. 30, 2015 |
Basis spread on variable rate | [10] | 2.062% |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 0 |
Match funded liabilities | [10] | $ 5,400 | 0
Maturity date | [3],[10] | Nov. 30, 2045 |
Amortization date | [3],[10] | Nov. 30, 2015 |
Basis spread on variable rate | [10] | 2.557% |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 0 |
Match funded liabilities | [10] | $ 1,900 | 0
Maturity date | [3],[10] | Nov. 30, 2045 |
Amortization date | [3],[10] | Nov. 30, 2015 |
Basis spread on variable rate | [10] | 3.051% |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-T1,Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 0 |
Match funded liabilities | [10] | $ 5,600 | 0
Maturity date | [3],[10] | Nov. 30, 2045 |
Amortization date | [3],[10] | Nov. 30, 2015 |
Basis spread on variable rate | [10] | 3.79% |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 22,661 |
Match funded liabilities | [10] | $ 159,539 | 0
Maturity date | [3],[10] | Jun. 30, 2046 |
Amortization date | [3],[10] | Jun. 30, 2016 |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 3,354 |
Match funded liabilities | [10] | $ 15,946 | 0
Maturity date | [3],[10] | Jun. 30, 2046 |
Amortization date | [3],[10] | Jun. 30, 2016 |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 2,026 |
Match funded liabilities | [10] | $ 7,874 | 0
Maturity date | [3],[10] | Jun. 30, 2046 |
Amortization date | [3],[10] | Jun. 30, 2016 |
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | [1],[10] | $ 2,451 |
Match funded liabilities | [10] | $ 11,149 | $ 0
Maturity date | [3],[10] | Jun. 30, 2046 |
Amortization date | [3],[10] | Jun. 30, 2016 |
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 | [2],[11] | 1.75% |
London Interbank Offered Rate (LIBOR) [Member] | Ocwen Servicer Advance Funding (SBC) Note [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [4] | 3.00% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [6] | 2.35% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [6] | 3.00% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [6] | 4.25% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF3, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [6] | 5.75% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [7] | 2.35% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [7] | 3.00% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [7] | 4.25% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2014-VF4, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [7] | 5.75% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [8] | 2.35% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [8] | 3.00% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [8] | 4.25% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5, Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [8] | 5.75% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class A [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [10] | 2.125% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class B [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [10] | 3.00% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class C [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [10] | 3.50% |
London Interbank Offered Rate (LIBOR) [Member] | Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1,Class D [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Basis spread on variable rate | [10] | 4.25% |
[1] | Borrowing capacity is available to us only to the extent that we have pledged collateral available to borrow against. At September 30, 2015, $176.9 million of the total borrowing capacity was available to us based on the amount of eligible collateral that had been pledged.
[2] | We repaid this facility in full in June 2015 from the proceeds of the OFAF facility.
[3] | 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(s) outstanding, and any new advances are ineligible to be financed.
[4] | We voluntarily terminated this facility on January 15, 2015
[5] | The Series 2013-VF2 Notes were repaid in full on September 18, 2015.
[6] | On September 18, 2015, the combined maximum borrowing capacity of Series 2014-VF3 Notes, a series of variable funding notes under our Ocwen Master Advance Receivables Trust (OMART) facility, was reduced to $450.0 million, and the Class B, C and D Notes were issued. There is a floor of 75 bps for 1 ML in determining the interest rate for variable rate Notes.
[7] | Effective July 1, 2015, the single outstanding Series 2014-VF4 Note under our OMART facility was replaced by four Notes - Class A, B, C and D. On September 18, 2015, the combined maximum borrowing capacity of the Series 2014-VF4 Notes was reduced to $450.0 million. There is a floor of 75 bps for 1 ML in determining the interest rate for variable rate Notes.
[8] | The Series 2015-VF5 Notes and the Series 2015-T1 Notes under our OMART facility were issued on September 18, 2015. Under the terms of the agreement, we must continue to borrow the full amount of the Series 2015-T1 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. There is a floor of 75 bps for 1 ML in determining the interest for variable rate Notes.
[9] | Effective April 23, 2015, the maximum borrowing under the Ocwen Servicer Advance Receivables Trust III (OSARTIII) facility decreases by $6.3 million per month until it is reduced to $75.0 million.
[10] | We entered into Ocwen Freddie Advance Funding Facility (OFAF) 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 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. The Series 2015-T2 Notes with a combined borrowing capacity of $155.0 million expired and were fully repaid on September 15, 2015.
[11] | 1-Month LIBOR (1ML) was 0.19% and 0.17% at September 30, 2015 and December 31, 2014, respectively.

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + 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(a)(2)) -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 -Article 5 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Earliest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. + 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(a)(2)) -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 -Article 5 + Details
Name: | us-gaap_DebtInstrumentMaturityDateRangeStart1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=34720971&loc=SL6224234-111729 + Details
Name: | us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_OcwenFreddieAdvanceReceivablesTrustSeriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_OcwenServicerAdvanceFundingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_MatchFundedLiabiltiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=ocn_OcwenMasterAdvanceReceivablesTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA2VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB2VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA3VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB3VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC3VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD3VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA4VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB4VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC4VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD4VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA5VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB5VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC5VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD5VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA1Series2015TermNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB1Series2015TermNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC1Series2015TermNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD1Series2015TermNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=ocn_OcwenServicerAdvanceReceivablesTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA1VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB1VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC1VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD1VariableFundingNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=ocn_OcwenFreddieAdvanceFundingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassA1Series2015VariableFundingNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassB1Series2015VariableFundingNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassC1Series2015VariableFundingNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_ClassD1Series2015VariableFundingNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |