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Borrowings - Schedule of Other Secured Borrowings (Footnote) (Details) - USD ($)
12 Months Ended
Nov. 20, 2015
Oct. 20, 2015
Feb. 15, 2013
Dec. 31, 2015
Apr. 16, 2015
Mar. 10, 2015
Dec. 31, 2014
Secured Debt [Member]              
Debt Instrument [Line Items]              
Discount [1]       $ 1,351,000     $ 4,031,000
SSTL [Member]              
Debt Instrument [Line Items]              
Percentage of additional interest rates   0.50%          
Percentage Of Net Cash Proceeds From Permitted Asset Sales Allowed To Prepay Loans   100.00%          
Percentage Of Lender Fee   3.00%          
Servicing [Member] | SSTL [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Amount borrowed     $ 1,300,000,000        
Discount     6,500,000        
Amount of consecutive quarterly installments     $ 3,300,000        
Servicing [Member] | Repurchase Agreement [Member]              
Debt Instrument [Line Items]              
Percentage Of Borrowing Capacity Available On Commitment Basis 50.00%            
Percentage Of Maximum Borrowing Available at Discretion Of Lender 50.00%            
Servicing [Member] | Repurchase Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity $ 100,000,000            
Lending [Member] | Master Repurchase Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity       200,000,000      
Lending [Member] | Participation Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity       $ 100,000,000 $ 100,000,000 $ 50,000,000  
Beneficial interest       100.00%      
Lending [Member] | Participation Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity       $ 150,000,000      
Beneficial interest       100.00%      
Lending [Member] | Mortgage Warehouse Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Interest rate at floor [2]       3.50%      
Additional borrowing capacity       $ 100,000,000      
Option A1 [Member] | Servicing [Member] | SSTL [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Description of variable rate basis     the prime rate in effect on such day        
Option A2 [Member] | Servicing [Member] | SSTL [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Description of variable rate basis     the federal funds rate in effect on such day        
Interest rate     0.50%        
Option A3 [Member] | Servicing [Member] | SSTL [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Description of variable rate basis     the one-month Eurodollar rate (1-Month LIBOR)        
Interest rate     3.25%        
Interest rate at floor     2.25%        
Option B [Member] | Servicing [Member] | SSTL [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Description of variable rate basis     the one month Eurodollar rate        
Interest rate     4.25%        
Interest rate at floor     1.25%        
Maximum [Member] | Servicing [Member] | Repurchase Agreement [Member] | Secured Debt [Member]              
Debt Instrument [Line Items]              
Maximum borrowing capacity $ 550,000,000            
[1] On February 15, 2013, we entered into a new SSTL facility agreement and borrowed $1.3 billion that was used principally to fund the ResCap Acquisition and repay the balance of the previous SSTL. The loan was issued with an original issue discount of $6.5 million that we are amortizing over the term of the loan. We are required to repay the principal amount of the borrowings in consecutive quarterly installments of $3.3 million. The borrowings are secured by a first priority security interest in substantially all of the assets of Ocwen. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 3.25% and a base rate floor of 2.25% or (b) the one month Eurodollar rate, plus a margin of 4.25% and a one month Eurodollar floor of 1.25%. To date we have elected option (b) to determine the interest rate.On October 16, 2015, OLS, as borrower, Ocwen and certain subsidiaries of Ocwen, as guarantors, entered into Amendment No. 4 to the Senior Secured Term Loan Facility Agreement and Amendment No. 2 to the Pledge and Security Agreement (the Amendment) with the lenders party thereto and Barclays Bank PLC, as administrative agent and collateral agent, pursuant to which certain amendments were made to (i) the SSTL and (ii) the related Pledge and Security Agreement. Effective as of October 20, 2015, the Amendment, among other things:•waived, until the fiscal quarter ending June 30, 2017, the interest coverage ratio and corporate leverage ratio financial covenants;•established a process for designating foreign subsidiaries as subsidiary guarantors under the SSTL;•increased our capacity to make certain permitted investments under the investment covenant;•expanded our ability to exclude certain assets from the collateral securing the SSTL, to the extent necessary to meet regulatory minimum net worth requirements;•increased the applicable interest rate margin by 0.50%;•required that we use 100% of the net cash proceeds from future asset sales permitted under the general asset sale basket to prepay the loans under the SSTL;•provided for a fee, payable to the lenders on March 31, 2017, equal to 3.0% of the aggregate amount of SSTL loans outstanding as of such date; and•made certain conforming modifications as well as adjustments to definitions.
[2] Borrowing capacity of $100.0 million under this facility is available at the discretion of the lender. This facility was renewed on August 24, 2015.