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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income (loss) $ (22,455) $ 52,240
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of mortgage servicing rights 88,188 186,075
Loss on valuation of mortgage servicing rights, at fair value 73,257 13,147
Impairment of mortgage servicing rights 25,052 0
Gain on sale of mortgage servicing rights (97,958) 0
Realized and unrealized losses on derivative financial instruments 8,529 1,955
Provision for bad debts 25,272 49,583
Depreciation 13,467 16,601
Amortization of debt issuance costs 10,385 3,754
Gain on extinguishment of debt 0 (2,609)
(Gain) loss on sale of fixed assets (1,095) 2,093
Decrease in deferred tax assets, net 5,700 35,884
Equity-based compensation expense 5,130 9,372
Gain on loans held for sale, net (116,934) (110,041)
Origination and purchase of loans held for sale (3,713,311) (6,007,152)
Proceeds from sale and collections of loans held for sale 3,935,420 6,013,059
Changes in assets and liabilities:    
Decrease in advances and match funded advances 491,654 236,688
Increase in receivables and other assets, net (1,899) (11,806)
Increase in other liabilities 30,726 46,243
Other, net 14,866 23,929
Net cash provided by operating activities 773,994 559,015
Cash flows from investing activities    
Origination of loans held for investment – reverse mortgages (781,002) (565,670)
Principal payments received on loans held for investment - reverse mortgages 105,520 56,193
Purchase of mortgage servicing rights, net (10,055) (19,395)
Proceeds from sale of mortgage servicing rights 598,059 287
Acquisition of advances in connection with the purchase of mortgage servicing rights   (84,373)
Acquisition of advances in connection with the purchase of loans 0 (60,482)
Proceeds from sale of advances and match funded advances 285,938 0
Additions to premises and equipment (18,335) (7,716)
Proceeds from sale of premises and equipment 4,758 22
Distributions of capital from unconsolidated entities 0 6,572
Other 4,082 4,248
Net provided by (used in) investing activities 188,965 (732,368)
Cash flows from financing activities    
Repayment of match funded liabilities (500,401) (329,175)
Proceeds from other secured borrowings 5,647,016 4,352,495
Repayments of other secured borrowings (6,572,601) (4,532,029)
Proceeds from issuance of senior unsecured notes 0 350,000
Payment of debt issuance costs (18,610) (6,835)
Proceeds from sale of mortgage servicing rights accounted for as a financing 0 123,551
Proceeds from sale of loans accounted for as a financing 803,924 572,031
Proceeds from sale of advances accounted for as a financing 0 88,095
Repurchase of common stock 0 (325,609)
Payment of preferred stock dividends 0 (1,163)
Proceeds from exercise of common stock options 413 1,176
Other 6,501 1,467
Net cash (used in) provided by financing activities (633,758) 294,004
Net increase in cash 329,201 120,651
Cash at beginning of year 129,473 178,512
Cash at end of period 458,674 299,163
Supplemental non-cash investing and financing activities    
Transfer of loans held for sale to loans held for investment 0 110,874
ResCap [Member]    
Cash flows from investing activities    
Cash paid to acquire business 0 (54,220)
Ocwen Structured Investments, LLC (OSI) [Member]    
Cash flows from investing activities    
Cash paid to acquire business $ 0 $ (7,834)