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Employee Compensation and Benefit Plans - Schedule of Stock Option Activity (Details) - Stock Options [Member] - $ / shares | 12 Months Ended
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Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |  |  |  |
Outstanding (in shares) |  | 7,151,225 | [1],[2] | 6,828,861 | [1],[2] | 8,182,611
Outstanding (in dollars per share) |  | $ 10.10 | [1],[2] | $ 9.99 | [1],[2] | $ 10.62
Granted (in shares) | [3],[4] |  |  | 968,041 |  | 330,000
Granted (in dollars per share) | [3],[4] |  |  | $ 17.48 |  | $ 34.48
Exercised (in shares) | [5],[6] | (69,805) |  | (145,677) |  | (683,750)
Exercised (in dollars per share) | [5],[6] | $ 5.81 |  | $ 5.24 |  | $ 8.30
Forfeited/Canceled (in shares) | [4],[7] | (154,786) |  | (500,000) |  | (1,000,000)
Forfeited/Canceled (in dollars per share) | [4],[7] | $ 21.80 |  | $ 24.38 |  | $ 24.38
Outstanding (in shares) | [1],[2] | 6,926,634 |  | 7,151,225 |  | 6,828,861
Outstanding (in dollars per share) | [1],[2] | $ 9.88 |  | $ 10.10 |  | $ 9.99
Exercisable at end of year (in shares) | [1],[2],[8] | 6,344,958 |  | 6,187,559 |  | 5,750,739
Exercisable at end of year (in dollars per share) | [1],[2],[8] | $ 8.71 |  | $ 8.25 |  | $ 6.84
[1] | At December 31, 2016, the weighted average remaining contractual term of options outstanding and options exercisable was 2.86 years and 2.42 years, respectively.
[2] | Excluding 280,000 market-based options that have not met their performance criteria, the net aggregate intrinsic value of stock options outstanding and stock options exercisable at December 31, 2016 was $0 and $0, respectively. A total of 4,662,814 market-based options were outstanding at December 31, 2016, of which 4,382,814 were exercisable.
[3] | The weighted average grant date fair value of stock options granted was $3.28 and $12.94 during 2015 and 2014, respectively.
[4] | Upon Mr. Erbey’s resignation as an officer and director of Ocwen on January 16, 2015, 500,000 of his unvested options would have been forfeited immediately. However, Ocwen agreed to modify the awards to allow them to vest. This had an effect equivalent to the canceling of the original awards and the granting of new awards effective on the date of resignation.
[5] | In connection with the exercise of stock options during 2015 and 2014, employees delivered 56,013 and 249,696 shares, respectively, of common stock to Ocwen as payment for the exercise price and the income tax withholdings on the compensation. As a result, a total of 89,664 and 434,054 net shares of stock were issued in 2015 and 2014, respectively, related to the exercise of stock options.
[6] | The total intrinsic value of stock options exercised, which is defined as the amount by which the market value of the stock on the date of exercise exceeds the exercise price, was $0.1 million, $0.3 million and $13.7 million for 2016, 2015 and 2014, respectively.
[7] | Stock options granted in 2012 included 2,000,000 options granted to Ocwen’s former Executive Chairman, William C. Erbey at an exercise price of $24.38 equal to the closing price of the stock on the day of the Committee’s approval. On April 22, 2014, Mr. Erbey surrendered 1,000,000 of these options. We recognized the remaining $5.7 million of previously unrecognized compensation expense associated with these options as of the date of surrender.
[8] | The total fair value of the stock options that vested and became exercisable during 2016, 2015 and 2014, based on grant-date fair value, was $1.1 million, $2.0 million and $2.6 million, respectively.

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