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Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations (Unaudited)
 
Quarters Ended
 
December 31,
2014
 
September 30,
2014
 
June 30,
2014
 
March 31,
2014
Revenue
$
493,292

 
$
513,698

 
$
553,074

 
$
551,261

Operating expenses (1) (2)
885,512

 
455,039

 
345,463

 
349,194

Income (loss) from operations
(392,220
)
 
58,659

 
207,611

 
202,067

Other expense
(127,553
)
 
(130,925
)
 
(130,434
)
 
(130,364
)
Income (loss) before income taxes
(519,773
)
 
(72,266
)
 
77,177

 
71,703

Income tax expense
2,022

 
2,992

 
10,165

 
11,217

Net income (loss)
(521,795
)
 
(75,258
)
 
67,012

 
60,486

Net (income) loss attributable to non-controlling interests
(80
)
 
(123
)
 
(57
)
 
15

Net income (loss) attributable to Ocwen stockholders
(521,875
)
 
(75,381
)
 
66,955

 
60,501

Preferred stock dividends
—

 
—

 
(582
)
 
(581
)
Deemed dividend related to beneficial conversion feature of preferred stock
—

 
(808
)
 
(415
)
 
(416
)
Net income (loss) attributable to Ocwen common stockholders
$
(521,875
)
 
$
(76,189
)
 
$
65,958

 
$
59,504

 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to Ocwen common stockholders
 
 
 
 
 
 
 
Basic
$
(4.16
)
 
$
(0.58
)
 
$
0.49

 
$
0.44

Diluted
$
(4.16
)
 
$
(0.58
)
 
$
0.48

 
$
0.43

 
Quarters Ended
 
December 31,
2013
 
September 30,
2013
 
June 30,
2013
 
March 31,
2013
Revenue
$
555,955

 
$
531,240

 
$
544,812

 
$
406,266

Operating expenses (3)
340,876

 
346,260

 
371,508

 
242,650

Income from operations
215,079

 
184,980

 
173,304

 
163,616

Other expense
(61,495
)
 
(115,535
)
 
(99,146
)
 
(108,324
)
Income before income taxes
153,584

 
69,445

 
74,158

 
55,292

Income tax expense
18,309

 
8,873

 
8,496

 
6,383

Net income
135,275

 
60,572

 
65,662

 
48,909

Preferred stock dividends
(581
)
 
(1,446
)
 
(1,519
)
 
(1,485
)
Deemed dividend related to beneficial conversion feature of preferred stock
(416
)
 
(4,401
)
 
(1,086
)
 
(1,086
)
Net income attributable to Ocwen common stockholders
$
134,278

 
$
54,725

 
$
63,057

 
$
46,338

 
 
 
 
 
 
 
 
Earnings per share attributable to Ocwen common stockholders
 
 
 
 
 
 
 
Basic
$
0.99

 
$
0.40

 
$
0.46

 
$
0.34

Diluted
$
0.95

 
$
0.39

 
$
0.45

 
$
0.33

(1)
Operating expenses for the third and fourth quarter of 2014 include charges of $100.0 million and $50.0 million, respectively, for losses related to a regulatory settlement with the NY DFS. These charges are included in Professional services on the Consolidated Statement of Operations and were recorded in the Corporate Items and Other segment.
(2)
Operating expenses for the fourth quarter of 2014 include the recognition of a goodwill impairment loss of $420.2 million.
(3)
Operating expenses for the second quarter of 2013 include a $52.8 million charge recorded in connection with the Ocwen National Mortgage Settlement. This charge is included in Professional services on the Consolidated Statement of Operations and is recorded in the Corporate Items and Other segment.