XML 66 R59.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Sales of Advances and MSRs - Schedule of MSRs and Advances Sold (Details) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Servicing Assets at Fair Value [Line Items] |  |  |  |
Carrying value of assets sold |  |  |  | $ 0
Gain (loss) on sale | $ 41,246,000 | $ 0 | $ 97,958,000 | 0
Total net cash received |  |  | 598,059,000 | $ 287,000
Mortgage Servicing Rights [Member] |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Carrying value of assets sold |  |  | 662,923,000 |
Gain (loss) on sale |  |  | 97,958,000 |
Plus: Accrued expenses and reserves |  |  | 19,529,000 |
Sales price |  |  | 780,410,000 |
Amount due from purchaser at September 30 |  |  | 98,545,000 |
Amount paid to purchasers for estimated representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations |  |  | 83,806,000 |
Total net cash received |  |  | 598,059,000 |
Advances And Match Funded Advances [Member] |  |  |  |
Servicing Assets at Fair Value [Line Items] |  |  |  |
Carrying value of assets sold |  |  | 321,164,000 |
Gain (loss) on sale |  |  | 0 |
Plus: Accrued expenses and reserves |  |  | 0 |
Sales price |  |  | 321,164,000 |
Amount due from purchaser at September 30 |  |  | 35,226,000 |
Amount paid to purchasers for estimated representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations |  |  | 0 |
Total net cash received |  |  | $ 285,938,000 |

X
- Definition Accrued expenses included in gain (loss) on sale of MSRs, advances and match funded advances. + References No definition available. + Details
Name: | ocn_AccruedExpensesIncludedInGainLossOnSale
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount paid to purchasers for estimated representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations. + References No definition available. + Details
Name: | ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total sale price of assets sold, net of the related assets assumed by the purchaser, including any post-closing adjustments to the price of assets sold or the carrying amount of liabilities assumed. + References No definition available. + Details
Name: | ocn_SalesPriceAsAdjusted
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) on sale or disposal of assets utilized in financial service operations. + References No definition available. + Details
Name: | us-gaap_GainsLossesOnSalesOfAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow from the sale of servicing rights, which contractually entitle the servicer to receive fees and ancillary revenues for performing billing, collection, disbursement and recordkeeping services in connection with a mortgage portfolio. Rights may be obtained via (1) acquisition or assumption of a servicing obligation that does not relate to financial assets of the servicer or its consolidated affiliates; or (2) by originating mortgage loans and then (a) transferring the loans to a Variable Interest Entity (VIE) in a transaction that meets the necessary transfer and classification requirements, or (b) transferring the loans in a transaction that meets the requirements for sale accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3179-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7524895&loc=d3e120260-111741 + Details
Name: | us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Aggregate cash proceeds received from a combination of transactions that are classified as investing activities in which assets, which may include one or more investments, are sold to third-party buyers. This element can be used by entities to aggregate proceeds from all asset sales that are classified as investing activities. + References No definition available. + Details
Name: | us-gaap_ProceedsFromSalesOfAssetsInvestingActivities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Decrease in servicing assets subsequently measured at fair value resulting from conveyance of servicing rights to unrelated parties. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueDisposals
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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_ServicingAssetsAtFairValueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_MortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_AdvancesAndMatchFundedAdvancesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |