XML 143 R128.htm IDEA: XBRL DOCUMENT v3.3.1.900

Derivative Financial Instruments and Hedging Activities - Summary of Open Derivative Positions and the Gains (Losses) on all Derivatives (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Not Designated as Hedging Instrument [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Asset / (Liability) at Fair Value

^[1]

$ 8,417

Gains (Losses)

(10,038)

Interest Rate Cap [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Notional Amount

$ 2,110,000

$ 1,729,000

Interest Rate Cap [Member] | Other Net [Member] | Not Designated as Hedging Instrument [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Expiration Date

^[2]

Nov. 2016 - Dec. 2017

Notional Amount

^[2]

$ 2,110,000

Asset / (Liability) at Fair Value

^[1],[2]

2,042

Gains (Losses)

^[2]

$ (1,377)

Consolidated Statement of Operations Caption

^[2]

Other, net

Forward Mortgage Backed Securities Trades [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Notional Amount

^[3]

$ 632,720

703,725

Forward Mortgage Backed Securities Trades [Member] | Gain On Loans Held For Sale Net [Member] | Not Designated as Hedging Instrument [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Expiration Date

Feb. 2016 - Mar 2016

Notional Amount

$ 632,720

Asset / (Liability) at Fair Value

^[1]

295

Gains (Losses)

$ (8,675)

Consolidated Statement of Operations Caption

Gain on loans held for sale, net

IRLCs [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Notional Amount

$ 278,317

$ 239,406

IRLCs [Member] | Gain On Loans Held For Sale Net [Member] | Not Designated as Hedging Instrument [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

Expiration Date

Dec. 2015 - Mar. 2016

Notional Amount

$ 278,317

Asset / (Liability) at Fair Value

^[1]

6,080

Gains (Losses)

$ 14

Consolidated Statement of Operations Caption

Gain on loans held for sale, net

[1]	Derivatives are reported at fair value in Receivables, Other assets or in Other liabilities on our Consolidated Balance Sheets.
[2]	To hedge the effect of increases in the interest on our variable rate debt as a result of increases in the index, such as 1ML, that is used in determining the interest rate on our variable rate advance funding facilities.
[3]	As loans are originated and sold or as loan commitments expire, our forward MBS trade positions mature and are replaced by new positions based upon new loan originations and commitments and expected time to sell.

X

- Definition

Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 12
-Section 13
-Sentence Column B

+ Details

Name:	invest_DerivativeNotionalAmount
Namespace Prefix:	invest_
Data Type:	xbrli:monetaryItemType
Balance Type:	na
Period Type:	instant

X

- Definition

-- None. No documentation exists for this element. --

+ References

No definition available.

+ Details

Name:	ocn_HedgeTheEffectOfChangesInInterestRatesOnInterestExpenseOnBorrowingsAbstract
Namespace Prefix:	ocn_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Interest rate derivatives not designated as hedges expiration date.

+ References

No definition available.

+ Details

Name:	ocn_InterestRateDerivativesNotDesignatedAsHedgesExpirationDate
Namespace Prefix:	ocn_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Description of where the net gain (loss) on interest rate derivatives not designated as hedging instruments are reported in the statement of income or other statement of financial performance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(7))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_DescriptionOfLocationOfGainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsInFinancialStatements
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of gain (loss) included in earnings for the period from the increase (decrease) in fair value of interest rate derivatives not designated as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

+ Details

Name:	us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Fair value as of the balance sheet date of all derivatives not designated as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958

+ Details

Name:	us-gaap_InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAtFairValueNet
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Details

Name:	us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_IncomeStatementLocationAxis=ocn_OtherNetMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=ocn_ForwardMortgageBackedSecuritiesTradesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_IncomeStatementLocationAxis=ocn_GainOnLoansHeldForSaleNetMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: