XML 81 R93.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Derivative Financial Instruments and Hedging Activities - Schedule of Changes in Notional Balance of Holdings of Derivatives (Details) - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2015 | Dec. 31, 2014
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value |  | $ 10,010 | $ 6,065
Interest Rate Lock Commitments [Member] |  |  |
Derivative Notional Balance [Roll Forward] |  |  |
Beginning notional balance |  | 239,406 |
Additions |  | 4,210,647 |
Amortization |  | 0 |
Maturities |  | (3,727,042) |
Terminations |  | (337,938) |
Ending notional balance |  | 385,073 |
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value |  | $ 10,010 | 6,065
Maturity |  | Oct. 2015 - Dec. 2015 |
Forward MBS Trades [Member] |  |  |
Derivative Notional Balance [Roll Forward] |  |  |
Beginning notional balance | [1] | $ 703,725 |
Additions | [1] | 6,248,108 |
Amortization | [1] | 0 |
Maturities | [1] | (3,414,877) |
Terminations | [1] | (2,864,057) |
Ending notional balance | [1] | 672,899 |
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | [1] | $ (3,438) | (2,854)
Maturity | [1] | Nov. 2015 - Dec. 2015 |
Interest Rate Caps [Member] |  |  |
Derivative Notional Balance [Roll Forward] |  |  |
Beginning notional balance |  | $ 1,729,000 |
Additions |  | 2,179,333 |
Amortization |  | (439,333) |
Maturities |  | 0 |
Terminations |  | 0 |
Ending notional balance |  | 3,469,000 |
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value |  | $ 1,501 | 567
Maturity |  | Nov. 2016 - Oct. 2017 |
Interest Rate Swaps [Member] |  |  |
Derivative Notional Balance [Roll Forward] |  |  |
Beginning notional balance |  | $ 0 |
Additions |  | 450,000 |
Amortization |  | 0 |
Maturities |  | 0 |
Terminations |  | (450,000) |
Ending notional balance |  | 0 |
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value |  | $ 0 | $ 0
[1] | As loans are originated and sold or as loan commitments expire, our forward MBS trade positions mature and are replaced by new positions based upon new loan commitments and originations and expected time to sell.

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents amount for amortization of derivative instruments during the period. + References No definition available. + Details
Name: | ocn_AmortizationOfDerivative
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents an increase in derivative instruments during the period. + References No definition available. + Details
Name: | ocn_DerivativeAdditions
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents amount for maturities of derivative instruments during the period. + References No definition available. + Details
Name: | ocn_DerivativeMaturities
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents a maturity period of derivative. + References No definition available. + Details
Name: | ocn_DerivativeMaturityPeriod
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Derivative Notional Balance [Roll Forward] + References No definition available. + Details
Name: | ocn_DerivativeNotionalBalanceRollForward
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents amount for termination of derivative instruments during the period. + References No definition available. + Details
Name: | ocn_DerivativeTerminations
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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

X
- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13495-108611 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_ForwardMortgageBackedSecuritiesTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |