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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income (loss) $ (246,712) $ (469,555) $ 310,418
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Goodwill impairment loss 0 420,201 0
Amortization of mortgage servicing rights 99,194 250,375 282,781
Loss (gain) on valuation of mortgage servicing rights, at fair value 98,173 22,068 (30,816)
Impairment of mortgage servicing rights 17,341 0 0
Gain on sale of mortgage servicing rights, net (83,921) 0 0
Realized and unrealized losses on derivative financial instruments 8,419 2,643 14,336
Provision for bad debts 101,226 84,751 34,816
Depreciation 19,159 21,910 24,245
Amortization of debt issuance costs 22,664 5,139 4,395
(Gain) loss on extinguishment of debt 0 (2,609) 8,681
Provision for valuation allowance on deferred tax assets 97,069 3,601 15,764
(Increase) decrease in deferred tax assets other than provision for valuation allowance (28,136) 34,241 (36,889)
Equity-based compensation expense 7,291 10,729 5,648
Gain on loans held for sale, net (134,969) (134,297) (121,694)
Origination and purchase of loans held for sale (5,000,681) (7,430,340) (9,678,038)
Proceeds from sale and collections of loans held for sale 5,125,203 7,345,730 9,468,627
Changes in assets and liabilities:      
Decrease in advances and match funded advances 531,313 291,989 295,108
Decrease (increase) in receivables and other assets, net 46,463 (37,394) 224,543
(Decrease) increase in other liabilities (109,511) (94,508) 70,336
Other, net 11,994 27,850 (7,842)
Net cash provided by operating activities 581,579 352,524 884,419
Cash flows from investing activities      
Origination of loans held for investment - reverse mortgages (1,008,065) (816,881) (609,555)
Principal payments received on loans held for investment - reverse mortgages 151,107 86,234 5,886
Purchase of mortgage servicing rights, net (12,355) (22,488) (987,663)
Proceeds from sale of mortgage servicing rights 686,838 287 34,754
Acquisition of advances in connection with the purchase of mortgage servicing rights   (85,521) (2,588,739)
Acquisition of advances in connection with the purchase of loans 0 (60,482) 0
Proceeds from sale of advances and match funded advances 486,311 1,054 3,842,537
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 0 0 210,793
Additions to premises and equipment (37,487) (11,430) (28,915)
Proceeds from sale of premises and equipment 4,758 22 252
Distributions of capital from unconsolidated entities   6,572 1,300
Other 9,263 6,439 (1,459)
Net cash (used in) provided by investing activities 280,370 (958,247) (2,414,978)
Cash flows from financing activities      
Repayment of match funded liabilities (506,198) (274,567) (167,931)
Proceeds from other secured borrowings 7,170,831 5,677,291 9,633,914
Repayments of other secured borrowings (8,402,758) (5,809,239) (8,804,558)
Proceeds from issuance of senior unsecured notes 0 350,000 0
Payment of debt issuance costs (23,480) (6,835) (25,758)
Proceeds from sale of mortgage servicing rights accounted for as a financing 0 123,551 447,755
Proceeds from sale of loans accounted for as a financing 1,024,361 783,009 604,991
Proceeds from sale of advances accounted for as a financing 0 88,981 0
Repurchase of common stock (4,142) (382,487) (217,903)
Payment of preferred stock dividends 0 (1,163) (5,115)
Proceeds from exercise of common stock options 412 1,840 2,302
Other 6,824 6,303 21,244
Net cash provided by (used in) financing activities (734,150) 556,684 1,488,941
Net increase (decrease) in cash 127,799 (49,039) (41,618)
Cash at beginning of year 129,473 178,512 220,130
Cash at end of year 257,272 129,473 178,512
Supplemental cash flow information      
Interest paid 470,724 560,208 395,758
Income tax payments, net 5,706 38,293 14,747
Supplemental non-cash investing and financing activities      
Transfers of loans held for sale to loans held for investment 0 110,874 0
Transfers of loans held for sale to real estate owned 18,594 8,808 4,775
Conversion of Series A preferred stock to common stock 0 62,000 100,000
Fair value of assets acquired      
Cash 0 0  
Advances 0   (1,786,409)
Mortgage servicing rights 0   (401,314)
Premises and equipment 0   (16,423)
Goodwill 0   (211,419)
Receivables and other assets 0   (2,989)
Fair value of assets acquired 0   (2,418,554)
Fair value of liabilities assumed      
Accrued expenses and other liabilities 0   74,625
Total consideration 0   (2,343,929)
Amount due to seller for purchase price adjustments 0   54,220
Cash paid 0   (2,289,709)
Less cash acquired 0    
Net cash paid     (2,289,709)
ResCap [Member]      
Cash flows from investing activities      
Payments to acquire business 0 (54,220) (2,289,709)
Ocwen Structured Investments, LLC (OSI) [Member]      
Cash flows from investing activities      
Payments to acquire business 0 (7,833) 0
Liberty Acquisition [Member]      
Cash flows from investing activities      
Payments to acquire business 0 0 (26,568)
Correspondent One [Member]      
Cash flows from investing activities      
Net cash acquired in acquisition of Correspondent One S.A. $ 0 $ 0 $ 22,108