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Borrowings - Schedule of Financing Liabilities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Maturity Dec. 31, 2020  
Long-term debt, gross $ 4,012,812 $ 3,089,255
Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Long-term debt, gross 4,012,812 3,089,255
Financing Liability - MSRs Pledged [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Long-term debt, gross [1] $ 477,707 541,704
Secured Notes, Ocwen Asset Servicing Income Series, Series 2014-1 [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Maturity Feb. 28, 2028  
Long-term debt, gross [2] $ 81,131 96,546
Financing Liability – Advances Pledged [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Long-term debt, gross [3] 20,193 59,643
HMBS - Related Borrowings [Member]    
Debt Instrument [Line Items]    
Long-term debt, gross 3,400,000 2,400,000
HMBS - Related Borrowings [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Long-term debt, gross [4] $ 3,433,781 $ 2,391,362
LIBOR [Member] | HMBS - Related Borrowings [Member] | Financing Liabilities [Member]    
Debt Instrument [Line Items]    
Interest rate 2.60%  
[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. 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. This financing liability has no contractual maturity.
[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.