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Mortgage Servicing - Summary of Activity in Carrying Value of Amortization Method Servicing Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Mortgage servicing rights, gross $ 493,914 $ 2,070,466 $ 2,234,221
Estimated fair value at end of year 761,190 93,901  
Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Beginning balance 1,820,091 1,953,352 678,937
Fair value election - transfer of MSRs carried at amortized cost [1] (787,142) 0 0
Additions recognized on the sale of mortgage loans 34,961 63,310 74,784
Sales [2] (586,352) (137) (28,403)
Servicing transfers and adjustments 0 (1,763) (8,883)
(Increase) decrease in impairment valuation allowance (3) [3] (17,341) 0 2,375
Amortization (99,194) (250,375) (283,244)
Ending balance 377,379 1,820,091 1,953,352
Estimated fair value at end of year 461,555 2,237,703 2,441,719
Ocwen Structured Investments, LLC (OSI) [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 9,008 0
Rescap Acquisition [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 11,370 389,944
Liberty Acquisition [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 0 2,840
Ally MSR Transaction [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 0 683,787
OneWest MSR Transaction [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 14,408 398,804
Greenpoint MSR Transaction [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions 0 3,690 33,647
Other [Member] | Mortgage Servicing Rights - Amortized Costs [Member]      
Servicing Asset at Amortized Cost, Balance [Roll Forward]      
Additions recognized in connect with business acquisitions $ 12,356 $ 17,228 $ 8,764
[1] Effective January 1, 2015, we elected fair value accounting for a newly-created class of non-Agency MSRs, which were previously accounted for using the amortization method, based on a different strategy for managing the risks of the underlying portfolio compared to our other MSR classes. This irrevocable election applies to all subsequently acquired or originated servicing assets and liabilities that have characteristics consistent with this class. We recorded a cumulative-effect adjustment of $52.0 million (before deferred income taxes of $9.4 million) to retained earnings as of January 1, 2015 to reflect the excess of the fair value of these MSRs over their carrying amount. At December 31, 2014, the UPB of the loans related to the non-Agency MSRs for which the fair value election was made was $195.3 billion.
[2] We retained the subservicing on MSRs that we sold in 2013. The gain on the sale of $5.1 million was deferred and is recognized in earnings over the life of the subservicing contract.
[3] Impairment of MSRs is recognized in Servicing and origination expense in the Consolidated Statements of Operations.