XML 20 R176.htm IDEA: XBRL DOCUMENT v3.3.0.814
Subsequent Events - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 20, 2015
USD ($)
Apr. 06, 2015
USD ($)
Mar. 31, 2015
USD ($)
Loan
Mar. 24, 2015
USD ($)
Loan
Mar. 18, 2015
USD ($)
Loan
Mar. 02, 2015
USD ($)
Loan
Jan. 16, 2015
USD ($)
Jan. 01, 2015
USD ($)
Apr. 30, 2015
USD ($)
Sep. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Sep. 30, 2013
USD ($)
Jun. 30, 2013
USD ($)
Mar. 31, 2013
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Apr. 27, 2015
USD ($)
Apr. 17, 2015
USD ($)
Subsequent Event [Line Items]                                                    
Mortgage servicing rights, at fair value                   $ 787,344   $ 93,901       $ 116,029       $ 787,344   $ 93,901 $ 116,029      
Preferred stock dividends                   0   0 $ 0 $ 582 $ 581 $ 581 $ 1,446 $ 1,519 $ 1,485 0 $ 1,163 1,163 5,031 $ 85    
Repayment of SSTL                                           5,809,239 $ 8,804,558 $ 822,137    
Non Agency Mortgage Servicing Rights [Member]                                                    
Subsequent Event [Line Items]                                                    
Unpaid principal balance of MSRs                       195,300,000                   195,300,000        
Mortgage servicing rights, at fair value                       $ 787,100                   787,100        
Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Cash pre-payments to secure future obligations                                                 $ 3,200 $ 15,400
Escrowed collateral                                                 $ 37,500  
Repayment of SSTL                 $ 840,000                                  
Subsequent Event [Member] | Non Agency Mortgage Servicing Rights [Member]                                                    
Subsequent Event [Line Items]                                                    
Fair value measurement of non-agency MSRs, cumulative-effect on retained earnings               $ 52,000                                    
Former Executive Chairman Of Board Of Directors [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Period to maintain confidentiality and non-competition             24 months                                      
Non-solicitation period             24 months                                      
Cash severance payment             $ 725                                      
Employee Relocation [Member] | Former Executive Chairman Of Board Of Directors [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Relocation payment             475                                      
Ocwen Loan Servicing [Member]                                                    
Subsequent Event [Line Items]                                                    
Number of performing agency loans held for sale | Loan           277,000                                        
Unpaid principal balance of agency loans held for sale           $ 45,000,000                                        
Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Number of performing agency loans held for sale | Loan     76,000     277,000                                        
Unpaid principal balance of agency loans held for sale     $ 9,100,000     $ 45,000,000         $ 9,100,000                              
Class A Preferred Stock [Member] | Ocwen Mortgage Servicing Inc [Member] | Former Executive Chairman Of Board Of Directors [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Preferred stock dividends             $ 725                                      
Senior Secured Term Loan [Member]                                                    
Subsequent Event [Line Items]                                                    
Repayment of SSTL                                       561,600            
Senior Secured Term Loan [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Line of credit facility, amount outstanding $ 476,600                                                  
Repayment of SSTL $ 50,000                                                  
Amended Senior Secured Term Loan [Member]                                                    
Subsequent Event [Line Items]                                                    
Corporate leverage ratio                       3                            
Amended Senior Secured Term Loan [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Basis spread on variable rate 0.50%                                                  
Period due to deliver financial statements to lender on company filing with regulator           35 days                                        
Percentage of net cash proceeds from permitted asset sales allowed to prepay loans 100.00%         75.00%                                        
Percentage of net cash proceeds from permitted asset sales allowed to reinvest in assets of business use           25.00%                                        
Time period to reinvest net cash proceeds from permitted asset sales in assets of business use           120 days                                        
Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use           90 days                                        
Corporate leverage ratio                     3.5                              
Percentage Of Lender Fee 3.00%                                                  
Amended Senior Secured Term Loan [Member] | Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use           90 days                                        
Green Tree Loan Servicing [Member] | Ocwen Loan Servicing [Member]                                                    
Subsequent Event [Line Items]                                                    
Number of performing agency loans held for sale | Loan         55,000                                          
Unpaid principal balance of agency loans held for sale         $ 9,600,000                                          
Green Tree Loan Servicing [Member] | Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Number of performing agency loans held for sale | Loan         55,000                                          
Unpaid principal balance of agency loans held for sale         $ 9,600,000                                          
Nationstar Mortgage LLC [Member] | Ocwen Loan Servicing [Member]                                                    
Subsequent Event [Line Items]                                                    
Number of performing agency loans held for sale | Loan     76,000 142,000                                            
Unpaid principal balance of agency loans held for sale     $ 9,100,000 $ 25,000,000         $ 2,800,000   $ 9,100,000                              
NRZ [Member]                                                    
Subsequent Event [Line Items]                                                    
Unpaid principal balance of agency loans held for sale                   146,000,000   $ 160,800,000 $ 160,800,000             146,000,000 $ 160,800,000 $ 160,800,000        
Increased costs of financing to be compensated during contractual term                   $ 8,200                   $ 8,500            
NRZ [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Extended term as named servicer   2 years                                                
Negotiation period for extension, prior to end of contract term   6 months                                                
Standstill period to replace as named servicer   2 years                                                
Increased costs of financing to be compensated during any calendar month   $ 3,000                                                
Increased costs of financing to be compensated during contractual term   $ 36,000                                                
NRZ [Member] | Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Percentage on UPB of performing loans received as consideration on sale of clean-up call rights   0.50%                                                
Nonperforming Financing Receivable [Member] | Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Unpaid principal balance of agency loans held for sale     42,700               $ 42,700                              
Senior Secured Term Loan [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Repayment of SSTL     $ 73,800                                              
Maximum [Member] | NRZ [Member] | Ocwen Loan Servicing [Member] | Subsequent Event [Member]                                                    
Subsequent Event [Line Items]                                                    
Increased costs of financing to be compensated during any calendar month   $ 3,000                                                
Increased costs of financing to be compensated during contractual term   $ 36,000