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Basic and Diluted Earnings (Loss) per Share - Schedule of Reconciliation of the Calculation of Basic EPS to Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Basic earnings (loss) per share:                      
Net income (loss) attributable to Ocwen common stockholders $ (224,241) $ (66,869) $ 9,738 $ 34,355 $ (521,875) $ (76,189) $ 65,958 $ 59,504 $ (247,017) [1] $ (472,602) [1] $ 298,398 [1]
Weighted average shares of common stock (in shares)                 125,315,899 131,362,284 135,678,088
Basic earnings (loss) per share (in dollars per share) $ (1.79) $ (0.53) $ 0.08 $ 0.27 $ (4.16) $ (0.58) $ 0.49 $ 0.44 $ (1.97) $ (3.60) $ 2.20
Diluted earnings (loss) per share:                      
Net income (loss) attributable to Ocwen common stockholders $ (224,241) $ (66,869) $ 9,738 $ 34,355 $ (521,875) $ (76,189) $ 65,958 $ 59,504 $ (247,017) [1] $ (472,602) [1] $ 298,398 [1]
Preferred stock dividends [1],[2]                 0 0 0
Adjusted net income (loss) attributable to Ocwen [1]                 $ (247,017) $ (472,602) $ 298,398
Effect of dilutive elements:                      
Preferred Shares [1],[2]                 0 0 0
Stock options [1]                 0 0 4,110,355
Common stock awards [1]                 0 0 12,063
Dilutive weighted average shares of common stock (in shares) [1]                 125,315,899 131,362,284 139,800,506
Diluted earnings (loss) per share (in dollars per share) $ (1.79) $ (0.53) $ 0.08 $ 0.27 $ (4.16) $ (0.58) $ 0.48 $ 0.43 $ (1.97) $ (3.60) $ 2.13
Stock options and common stock awards excluded from the computation of diluted earnings per share:                      
Anti-dilutive Securities (in shares) [3]                 2,038,588 314,688 0
Market Based [Member]                      
Stock options and common stock awards excluded from the computation of diluted earnings per share:                      
Anti-dilutive Securities (in shares) [4]                 924,438 295,000 547,500
[1] For 2015 and 2014, we have excluded the effect of the preferred stock, stock options and common stock awards from the computation of diluted earnings per share because of the anti-dilutive effect of our reported net loss.
[2] Prior to the conversion of our remaining preferred stock into common stock in July 2014, we computed the effect on diluted earnings per share using the if-converted method. Under this method, we assumed the conversion of the preferred stock into shares of common stock unless the effect was anti-dilutive. Conversion of the preferred stock was not assumed for 2013 because the effect would have been antidilutive.
[3] These stock options were anti-dilutive because their exercise price was greater than the average market price of our stock.
[4] Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.