XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Interest Expense (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Other Income and Expenses [Abstract] |
Schedule of Components of Interest Expense | The following table presents the components of interest expense:
Periods ended June 30, | Three Months |  | Six Months
2017 |  | 2016 |  | 2017 |  | 2016
Financing liabilities | $ | 50,293 |  |  | $ | 52,803 |  |  | $ | 103,262 |  |  | $ | 120,578 |
Match funded liabilities | 12,669 |  |  | 18,133 |  |  | 25,518 |  |  | 36,307 |
Other secured borrowings | 9,636 |  |  | 12,715 |  |  | 19,184 |  |  | 25,428 |
Senior notes | 7,447 |  |  | 6,129 |  |  | 14,903 |  |  | 12,270 |
Other | 1,083 |  |  | 1,253 |  |  | 2,323 |  |  | 2,539 |
| $ | 81,128 |  |  | $ | 91,033 |  |  | $ | 165,190 |  |  | $ | 197,122 |
Interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions is indicated in the table below. The reduction in the financing liability does not include reimbursements to NRZ/HLSS for the loss of servicing revenues when we were terminated as servicer and where the related Rights to MSRs had been sold to HLSS.
Periods ended June 30, | Three Months |  | Six Months
2017 |  | 2016 |  | 2017 |  | 2016
Servicing fees collected on behalf of NRZ/HLSS | $ | 143,612 |  |  | $ | 160,518 |  |  | $ | 290,923 |  |  | $ | 322,647 |
Less: Subservicing fee retained by Ocwen | 78,794 |  |  | 85,532 |  |  | 157,947 |  |  | 169,902 |
Net servicing fees remitted to NRZ/HLSS | 64,818 |  |  | 74,986 |  |  | 132,976 |  |  | 152,745 |
Less: Reduction in financing liability | 16,194 |  |  | 27,628 |  |  | 33,193 |  |  | 45,829 |
Interest expense on NRZ/HLSS financing liability | $ | 48,624 |  |  | $ | 47,358 |  |  | $ | 99,783 |  |  | $ | 106,916 |
Schedule of Related Party Interest Expense | Interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions is indicated in the table below. The reduction in the financing liability does not include reimbursements to NRZ/HLSS for the loss of servicing revenues when we were terminated as servicer and where the related Rights to MSRs had been sold to HLSS.
Periods ended June 30, | Three Months |  | Six Months
2017 |  | 2016 |  | 2017 |  | 2016
Servicing fees collected on behalf of NRZ/HLSS | $ | 143,612 |  |  | $ | 160,518 |  |  | $ | 290,923 |  |  | $ | 322,647 |
Less: Subservicing fee retained by Ocwen | 78,794 |  |  | 85,532 |  |  | 157,947 |  |  | 169,902 |
Net servicing fees remitted to NRZ/HLSS | 64,818 |  |  | 74,986 |  |  | 132,976 |  |  | 152,745 |
Less: Reduction in financing liability | 16,194 |  |  | 27,628 |  |  | 33,193 |  |  | 45,829 |
Interest expense on NRZ/HLSS financing liability | $ | 48,624 |  |  | $ | 47,358 |  |  | $ | 99,783 |  |  | $ | 106,916 |

X
- Definition Tabular disclosure of interest expense by the components of the Company's interest-bearing liabilities. + References No definition available. + Details
Name: | ocn_ScheduleOfInterestExpenseByLiabilityTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Related Party Interest Expense [Table Text Block] + References No definition available. + Details
Name: | ocn_ScheduleofRelatedPartyInterestExpenseTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration