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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.