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Sales of Advances and MSRs - Summary of MSRs and Advances Sold (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
[1]
Dec. 31, 2014
[2]
Dec. 31, 2013
[3]
Mortgage Servicing Rights [Member]      
Servicing Assets at Fair Value [Line Items]      
Accounted for as a sale $ 775,351 $ 287 $ 34,754
Accounted for as a financing 0 123,551 448,928
Sales price of assets sold 775,351 123,838 483,682
Amounts due from purchaser at December 31 (18,615) 0 0
Amounts paid to purchaser for estimated representation and warranty obligations, compensatory fees and related indemnification obligations (69,898) 0 0
Amounts received from (paid to) purchaser for items outstanding at the end of the previous year 0 0 (1,173)
Total net cash received 686,838 123,838 482,509
Advances And Match Funded Advances [Member]      
Servicing Assets at Fair Value [Line Items]      
Accounted for as a sale 562,325 1,054 3,839,954
Accounted for as a financing 0 88,981 0
Sales price of assets sold 562,325 90,035 3,839,954
Amounts due from purchaser at December 31 (76,014) 0 0
Amounts paid to purchaser for estimated representation and warranty obligations, compensatory fees and related indemnification obligations 0 0 0
Amounts received from (paid to) purchaser for items outstanding at the end of the previous year 0 0 2,583
Total net cash received $ 486,311 $ 90,035 $ 3,842,537
[1] In 2015, we sold Agency MSRs relating to loans with a UPB of $87.6 billion.
[2] In 2014, we issued $123.6 million of OASIS Series 2014-1 Notes secured by Ocwen-owned MSRs relating to Freddie Mac mortgages of $11.8 billion UPB.
[3] In 2013, we sold to Home Loan Servicing Solutions, Ltd. (HLSS) the Rights to MSRs relating to loans with a UPB of $119.7 billion for $417.2 million and sold the related servicing advances of $3.8 billion.