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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities          
Net income (loss) $ (22,455) $ 52,240 $ (469,555) $ 310,418 $ 180,923
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Goodwill impairment loss     420,201 0 0
Amortization of mortgage servicing rights 88,188 186,075 250,375 282,781 72,897
Amortization of debt issuance costs – senior secured term loan 10,385 3,754 5,139 4,395 3,718
Depreciation 13,467 16,601 21,910 24,245 5,720
Provision for bad debts 25,272 49,583 84,751 34,816 5,030
Impairment of mortgage servicing rights 25,052 0      
Gain on loans held for sale, net (116,934) (110,041) (134,297) (121,694) (215)
Gain on sale of mortgage servicing rights (97,958) 0      
Loss on deconsolidation of variable interest entities     0 0 3,167
Realized and unrealized losses on derivative financial instruments 8,529 1,955 2,643 14,336 4,294
(Gain) loss on extinguishment of debt 0 (2,609) (2,609) 8,681 2,167
Loss (gain) on valuation of mortgage servicing rights, at fair value 73,257 13,147 22,068 (30,816) (30)
(Gain) loss on sale of fixed assets (1,095) 2,093      
Decrease (increase) in deferred tax assets, net 5,700 35,884 37,842 (21,125) 62,393
Equity-based compensation expense 5,130 9,372 10,729 5,648 2,934
Origination and purchase of loans held for sale (3,713,311) (6,007,152) (7,430,340) (9,678,038) (172,262)
Proceeds from sale and collections of loans held for sale 3,935,420 6,013,059 7,345,730 9,468,627 243,434
Changes in assets and liabilities:          
Decrease in advances and match funded advances 491,654 236,688 291,989 295,108 1,443,643
(Increase) decrease in receivables and other assets, net (1,899) (11,806) (37,394) 224,543 (53,870)
(Decrease) increase in other liabilities 30,726 46,243 (94,508) 70,336 (2,593)
Other, net 14,866 23,929 27,850 (7,842) 14,504
Net cash provided by operating activities 773,994 559,015 352,524 884,419 1,815,854
Cash flows from investing activities          
Proceeds from sale of premises and equipment 4,758 22      
Distributions of capital from unconsolidated entities 0 6,572 6,572 1,300 3,226
Purchase of mortgage servicing rights, net (10,055) (19,395) (22,488) (987,663) (180,039)
Acquisition of advances in connection with the purchase of mortgage servicing rights   (84,373) (85,521) (2,588,739) (1,920,437)
Acquisition of advances in connection with the purchase of loans 0 (60,482)      
Acquisition of advances in connection with the purchase of loans     (60,482) 0 0
Proceeds from sale of advances and match funded advances 285,938 0 1,054 3,842,537 2,824,645
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA     0 210,793 0
Proceeds from sale of mortgage servicing rights 598,059 287 287 34,754 0
Proceeds from sale of advance financing subsidiary and special purpose entity     0 0 76,334
Proceeds from sale of beneficial interest in consolidated variable interest entities     0 0 3,020
Origination of loans held for investment - reverse mortgages (781,002) (565,670) (816,881) (609,555) 0
Principal payments received on loans held for investment - reverse mortgages 105,520 56,193 86,234 5,886 0
Additions to premises and equipment (18,335) (7,716) (11,430) (28,915) (19,217)
Other 4,082 4,248 6,461 (1,207) (449)
Net cash (used in) provided by investing activities 188,965 (732,368) (958,247) (2,414,978) 262,870
Cash flows from financing activities          
Repayment of match funded liabilities (500,401) (329,175) (274,567) (167,931) (1,665,330)
Proceeds from other secured borrowings 5,647,016 4,352,495 5,677,291 9,633,914 204,784
Repayments of other secured borrowings     (5,809,239) (8,804,558) (822,137)
Proceeds from issuance of senior unsecured notes 0 350,000 350,000 0 0
Payment of debt issuance costs (18,610) (6,835) (6,835) (25,758) (1,052)
Proceeds from sale of mortgage servicing rights accounted for as a financing 0 123,551 123,551 447,755 320,381
Proceeds from sale of loans accounted for as a financing 803,924 572,031 783,009 604,991 0
Proceeds from sale of advances accounted for as a financing 0 88,095 88,981 0 0
Repurchase of common stock 0 (325,609) (382,487) (217,903) 0
Redemption of 10.875% Capital Securities     0 0 (26,829)
Repayments of other secured borrowings (6,572,601) (4,532,029)      
Payment of preferred stock dividends 0 (1,163) (1,163) (5,115) 0
Proceeds from exercise of common stock options 413 1,176 1,840 2,302 6,005
Other 6,501 1,467 6,303 21,244 (18,650)
Net cash provided by (used in) financing activities (633,758) 294,004 556,684 1,488,941 (2,002,828)
Net (decrease) increase in cash 329,201 120,651 (49,039) (41,618) 75,896
Cash at beginning of year 129,473 178,512 178,512 220,130 144,234
Cash at end of year 458,674 299,163 129,473 178,512 220,130
Supplemental cash flow information          
Interest paid     560,208 395,758 219,825
Income tax payments, net     38,293 14,747 37,199
Supplemental non-cash investing and financing activities          
Transfers of loans held for sale to loans held for investment 0 110,874 110,874 0 0
Transfers of loans held for sale to real estate owned     8,808 4,775 999
Conversion of Series A preferred stock to common stock     62,000 100,000 0
Conversion of 3.25% Convertible Notes to common stock   62,000 0 0 56,410
Fair value of assets acquired          
Cash     0 0 (79,511)
Loans held for sale     0 0 (558,721)
Advances     0 (1,786,409) (2,266,882)
Mortgage servicing rights     0 (401,314) (360,344)
Deferred tax assets     0   (52,103)
Premises and equipment     0 (16,423) (12,515)
Goodwill     0 (211,419) (345,936)
Debt service accounts     0   (69,287)
Receivables and other assets     0 (2,989) (27,765)
Fair value of assets acquired     0 2,418,554 3,773,064
Fair value of liabilities assumed          
Match funded liabilities     0 0 1,997,459
Other secured borrowings     0 0 864,969
Accrued expenses and other liabilities     0 74,625 145,812
Total consideration     0 (2,343,929) (764,824)
Issuance of preferred stock as consideration     0 0 162,000
Amount due to (from) seller for purchase price adjustments     0 54,220 (900)
Cash paid     0 (2,289,709) (603,724)
Less cash acquired     0   79,511
Net cash paid     0 2,289,709 524,213
ResCap [Member]          
Cash flows from investing activities          
Payments to acquire business 0 (54,220) (54,220) (2,289,709) 0
Ocwen Structured Investments, LLC (OSI) [Member]          
Cash flows from investing activities          
Payments to acquire business $ 0 $ (7,834) (7,833) 0 0
Liberty Acquisition [Member]          
Cash flows from investing activities          
Payments to acquire business     0 (26,568) 0
Correspondent One [Member]          
Cash flows from investing activities          
Net cash acquired in acquisition of Correspondent One S.A.     0 22,108 0
Homeward Residential Holdings, Inc. [Member]          
Cash flows from investing activities          
Payments to acquire business     $ 0 $ 0 $ (524,213)