XML 100 R85.htm IDEA: XBRL DOCUMENT v3.3.0.814
Borrowings - Schedule of Match Funded Liabilities (Footnote) (Details) - USD ($)
9 Months Ended
Sep. 18, 2015
Sep. 15, 2015
Apr. 23, 2015
Jan. 15, 2015
Sep. 30, 2015
Jun. 10, 2015
Dec. 31, 2014
Debt Instrument [Line Items]              
Available borrowing capacity that could be used based on amount of eligible collateral pledged         $ 176,900,000    
Match Funded Liabilties [Member]              
Debt Instrument [Line Items]              
Available borrowing capacity that could be used based on amount of eligible collateral pledged         442,654,000    
Ocwen Freddie Servicer Advance Receivables Trust Series 2012-ADV1 [Member]              
Debt Instrument [Line Items]              
Available borrowing capacity that could be used based on amount of eligible collateral pledged [1],[2]         0    
Ocwen Servicer Advance Funding (SBC) Note [Member]              
Debt Instrument [Line Items]              
Available borrowing capacity that could be used based on amount of eligible collateral pledged [1],[3]         0    
Debt facility termination date       Jan. 15, 2015      
Series 2014-VF2 Notes [Member]              
Debt Instrument [Line Items]              
Debt facility termination date Sep. 18, 2015            
Series 2014-VF3 Notes [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity $ 450,000,000            
Series 2014-VF4 Notes [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity $ 450,000,000            
Series 2015-T2 Notes [Member]              
Debt Instrument [Line Items]              
Debt facility termination date   Sep. 15, 2015          
Maximum borrowing capacity           $ 155,000,000  
Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]              
Debt Instrument [Line Items]              
Available borrowing capacity that could be used based on amount of eligible collateral pledged [1],[4]         $ 40,530,000    
Increase (decrease) to borrowing capacity     $ 6,300,000        
Maximum borrowing capacity     $ 75,000,000        
London Interbank Offered Rate (LIBOR) [Member] | Ocwen Freddie Servicer Advance Receivables Trust Series 2012-ADV1 [Member]              
Debt Instrument [Line Items]              
Debt instrument, interest rate, basis for effective rate at period end         0.19%   0.17%
Basis spread on variable rate [2],[5]         1.75%    
London Interbank Offered Rate (LIBOR) [Member] | Ocwen Servicer Advance Funding (SBC) Note [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate [3]         3.00%    
London Interbank Offered Rate (LIBOR) [Member] | Series 2014-VF3 Notes [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate 0.75%            
London Interbank Offered Rate (LIBOR) [Member] | Series 2014-VF4 Notes [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate 0.75%            
London Interbank Offered Rate (LIBOR) [Member] | Series 2015-T1 Notes [Member]              
Debt Instrument [Line Items]              
Basis spread on variable rate 0.75%            
[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] We voluntarily terminated this facility on January 15, 2015
[4] 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.
[5] 1-Month LIBOR (1ML) was 0.19% and 0.17% at September 30, 2015 and December 31, 2014, respectively.