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Borrowings - Schedule of Financing Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Total Financing liabilities $ 3,319,646 $ 3,089,255
Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Total Financing liabilities 3,319,646 3,089,255
HMBS - Related Borrowings [Member]    
Debt Instrument [Line Items]    
Total Financing liabilities 2,600,000 2,400,000
Servicing [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Total Financing liabilities 671,546 697,893
Servicing [Member] | Financing liability – MSRs pledged [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Total Financing liabilities [1] $ 523,503 541,704
Servicing [Member] | Secured Notes, Ocwen Asset Servicing Income Series, Series 2014-1 [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Maturity date [2] Feb. 28, 2028  
Total Financing liabilities [2] $ 93,217 96,546
Servicing [Member] | Financing Liability – Advances Pledged [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Total Financing liabilities [3] $ 54,826 59,643
Lending [Member] | HMBS - Related Borrowings [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate [4] 2.48%  
Total Financing liabilities [4] $ 2,648,100 $ 2,391,362
London Interbank Offered Rate (LIBOR) [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.75%  
[1] This financing liability arose in connection with the NRZ/HLSS Transactions and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs.
[2] OASIS noteholders are entitled to receive a monthly payment amount equal to the sum of: (a) the designated servicing fee amount (21 basis points of the UPB of the reference pool of Freddie Mac mortgages); (b) any termination payment amounts; (c) any excess refinance amounts; and (d) the note redemption amounts, each as defined in the indenture supplement for the notes. The notes have a final stated maturity of February 2028. We accounted for this transaction as a financing. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the security.
[3] Certain sales of advances in 2014 did not qualify for sales accounting treatment and were accounted for as a financing.
[4] Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid.