XML 171 R49.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Advances (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2015 | Dec. 31, 2014
Advances [Abstract] |  |
Schedule of Advance Payments by Financial Institution on Foreclosed Properties | Advances, net, which represent payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:
| September 30, 2015 |  | December 31, 2014
Servicing: |  |  |  |  |
Principal and interest | $ | 103,235 |  |  | $ | 128,217 |
Taxes and insurance | 258,846 |  |  | 467,891 |
Foreclosures, bankruptcy and other (1) | 150,898 |  |  | 293,340 |
| 512,979 |  |  | 889,448 |
Corporate Items and Other | 4,399 |  |  | 4,466 |
| $ | 517,378 |  |  | $ | 893,914 |
(1) | The balances at September 30, 2015 and December 31, 2014 are net of an allowance for losses of $60.4 million and $70.0 million, respectively.
| Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at December 31:
| 2014 |  | 2013
Servicing: |  |  |  |  |
Principal and interest | $ | 128,217 |  |  | $ | 141,307 |
Taxes and insurance | 467,891 |  |  | 477,039 |
Foreclosures, bankruptcy and other (1) | 293,340 |  |  | 268,053 |
| 889,448 |  |  | 886,399 |
Corporate Items and Other | 4,466 |  |  | 4,433 |
| $ | 893,914 |  |  | $ | 890,832 |
(1) | The balances at December 31, 2014 and 2013 are net of an allowance for losses of $70.0 million and $38.4 million, respectively.
Schedule of Activity in Advances | The following table summarizes the activity in advances for the nine months ended September 30:
| 2015 |  | 2014
Beginning balance | $ | 893,914 |  |  | $ | 890,832 |
Acquisitions | — |  |  | 99,318 |
Transfers to match funded advances | — |  |  | (10,156 | )
Sales of advances | (224,756 | ) |  | — |
Collections of advances, net of new advances, and other | (151,780 | ) |  | 7,292 |
Ending balance | $ | 517,378 |  |  | $ | 987,286 |
| The following table summarizes the activity in advances for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Beginning balance | $ | 890,832 |  |  | $ | 184,463 |  |  | $ | 103,591 |
Acquisitions (1) | 99,319 |  |  | 733,438 |  |  | 118,360 |
Transfers to match funded advances | (10,156 | ) |  | (142,286 | ) |  | (74,317 | )
Sales of advances to HLSS (2) | — |  |  | (200,749 | ) |  | — |
New advances (collections of advances), net and other | (86,081 | ) |  | 315,966 |  |  | 36,829 |
Ending balance | $ | 893,914 |  |  | $ | 890,832 |  |  | $ | 184,463 |
(1) | Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs.
(2) | Advances sold in in connection with the sales of Rights to MSRs met the requirements for sale accounting and were derecognized from our financial statements at the time of the sale. Advances sold in connection with the Ginnie Mae EBO Transactions in 2014 did not qualify as sales for accounting purposes.

X
- Definition Advances [Abstract] + References No definition available. + Details
Name: | ocn_AdvancesAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) which will periodically be remitted to the lender, appropriate governmental agency(ies) or vendor(s) on behalf of the borrower. + References No definition available. + Details
Name: | ocn_ScheduleOfAdvancePaymentsByFinancialInstitutionOnForeclosedPropertiesSummaryTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Activity in Advances [Table Text Block] + References No definition available. + Details
Name: | ocn_ScheduleofActivityinAdvancesTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration