XML 72 R98.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Interest Expense - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Debt securities: |  |  |  |  |
Interest expense |  | $ 118,313 | $ 133,049 | $ 362,606 | $ 409,129
Financing Liabilities [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense | [1],[2],[3] | 73,866 | 88,246 | 222,067 | 281,930
Other Secured Borrowings [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 19,822 | 20,790 | 68,447 | 62,359
Match Funded Liabilties [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 15,425 | 15,097 | 45,379 | 46,762
6.625% Senior Unsecured Notes [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 6,741 | 6,141 | 19,521 | 9,466
Other [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | $ 2,459 | $ 2,775 | $ 7,192 | $ 8,612
[1] | Includes $8.2 million and $8.5 million for the three and nine months ended September 30, 2015, respectively, of fees incurred in connection with our agreement to compensate NRZ for certain increased costs associated with its servicing advance financing facilities that are the direct result of a downgrade of our S&P servicer rating.
[2] | Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below. Three months Nine Months2015 2014 2015 2014Servicing fees collected on behalf of NRZ$175,994 $177,113 $531,399 $553,423Less: Subservicing fee retained by Ocwen91,597 83,550 272,802 266,514Net servicing fees remitted to NRZ84,397 93,563 258,597 286,909Less: Reduction in financing liability21,160 8,736 52,159 12,960Interest expense on NRZ financing liability$63,237$84,827 $206,438 $273,949
[3] | Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues.

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_DebtSecuritiesAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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

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

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