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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net loss $ (199,375) $ (246,712) $ (469,555)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Goodwill impairment loss 0 0 420,201
Amortization of mortgage servicing rights 32,978 99,194 250,375
Loss on valuation of mortgage servicing rights, at fair value 80,238 98,173 22,068
Impairment of mortgage servicing rights 10,813 17,341 0
Gain on sale of mortgage servicing rights, net (8,492) (83,921) 0
Realized and unrealized losses on derivative financial instruments 1,724 8,419 2,643
Provision for bad debts 81,079 101,226 84,751
Depreciation 25,338 19,159 21,910
Amortization of debt discount 4,177 2,680 1,318
Amortization of debt issuance costs 25,662 22,664 5,139
Gain on extinguishment of debt 0 0 (2,609)
Provision for valuation allowance on deferred tax assets 15,639 97,069 3,601
(Increase) decrease in deferred tax assets other than provision for valuation allowance (11,119) (28,136) 34,241
Equity-based compensation expense 5,181 7,291 10,729
Net gain on valuation of mortgage loans held for investment and HMBS-related borrowings (26,016) (7,661) (6,787)
Gain on loans held for sale, net (65,649) (103,112) (110,300)
Origination and purchase of loans held for sale (6,090,432) (5,000,681) (7,430,340)
Proceeds from sale and collections of loans held for sale 5,969,812 5,125,203 7,345,730
Changes in assets and liabilities:      
Decrease in advances and match funded advances 452,435 531,313 291,989
Decrease (increase) in receivables and other assets, net 181,835 46,463 (37,394)
Decrease in other liabilities (7,147) (109,511) (94,508)
Other, net (4,020) (14,882) 9,322
Net cash provided by operating activities 474,661 581,579 352,524
Cash flows from investing activities      
Origination of loans held for investment - reverse mortgages (1,098,758) (1,008,065) (816,881)
Principal payments received on loans held for investment - reverse mortgages 243,596 151,107 86,234
Purchase of mortgage servicing rights (17,356) (12,355) (22,488)
Proceeds from sale of mortgage servicing rights 47,044 686,838 287
Acquisition of advances in connection with the purchase of mortgage servicing rights     (85,521)
Acquisition of advances in connection with the purchase of loans 0 0 (60,482)
Proceeds from sale of advances and match funded advances 103,017 486,311 1,054
Issuance of automotive dealer financing notes (100,722) 0 0
Collections of automotive dealer financing notes 65,688 0 0
Additions to premises and equipment (33,518) (37,487) (11,430)
Distribution of capital from unconsolidated entities 0 0 6,572
Other (610) 14,021 6,461
Net cash provided by (used in) investing activities (791,619) 280,370 (958,247)
Cash flows from financing activities      
Repayment of match funded liabilities, net (303,052) (506,198) (274,567)
Proceeds from mortgage loan warehouse facilities and other secured borrowings 9,242,671 7,170,831 5,677,291
Repayments of mortgage loan warehouse facilities and other secured borrowings (9,693,108) (8,402,758) (5,809,239)
Proceeds from issuance of senior notes 0 0 350,000
Payment of debt issuance costs (11,136) (23,480) (6,835)
Proceeds from sale of mortgage servicing rights accounted for as a financing 0 0 123,551
Proceeds from sale of reverse mortgages (HECM loans) accounted for as a financing (HMBS-related borrowings) 1,086,795 1,024,361 783,009
Proceeds from sale of advances accounted for as a financing 0 0 88,981
Repurchase of common stock (5,890) (4,142) (382,487)
Payment of preferred stock dividends 0 0 (1,163)
Other (45) 7,236 8,143
Net cash provided by (used in) financing activities 316,235 (734,150) 556,684
Net increase (decrease) in cash (723) 127,799 (49,039)
Cash at beginning of year 257,272 129,473 178,512
Cash at end of year 256,549 257,272 129,473
Supplemental cash flow information      
Interest paid 389,638 470,724 560,208
Income tax payments, net 19,715 5,706 38,293
Supplemental non-cash investing and financing activities      
Exchange of senior unsecured notes for senior secured notes 346,878 0 0
Transfers of loans held for sale to loans held for investment 0 0 110,874
Transfers of loans held for sale to real estate owned 7,675 18,594 8,808
Conversion of Series A preferred stock to common stock 0 0 62,000
ResCap [Member]      
Cash flows from investing activities      
Purchase of mortgage servicing rights     (11,400)
Acquisition of advances in connection with the purchase of mortgage servicing rights     (54,200)
Acquisition of advances in connection with the purchase of loans     (39,200)
Payments to acquire business 0 0 (54,220)
Ocwen Structured Investments, LLC (OSI) [Member]      
Cash flows from investing activities      
Payments to acquire business $ 0 $ 0 $ (7,833)