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Borrowings - Schedule of Other Secured Borrowings (Details) - USD ($) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2017 | Dec. 31, 2016
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | $ 0 |
Other secured borrowings |  | 533,806,000 | $ 579,031,000
Secured Debt [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1] | 113,947,000 |
Other secured borrowings |  | 327,121,000 | 355,029,000
Unamortized debt issuance costs - SSTL |  | (6,552,000) | (7,612,000)
Discount - SSTL |  | (3,335,000) | (3,874,000)
Long-term Debt |  | $ 643,860,000 | $ 678,543,000
Weighted average interest rate |  | 4.94% | 4.56%
Secured Debt [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[2] | $ 0 |
Other secured borrowings | [2] | $ 326,626,000 | $ 335,000,000
Maturity date | [2] | Dec. 31, 2020 |
Secured Debt [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[3] | $ 42,100,000 |
Other secured borrowings | [3] | $ 7,900,000 | 12,370,000
Maturity date | [3] | Sep. 30, 2017 |
Secured Debt [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[4] | $ 33,766,000 |
Other secured borrowings | [4] | $ 66,234,000 | 173,543,000
Maturity date | [4] | Feb. 28, 2018 |
Secured Debt [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[5] | $ 0 |
Other secured borrowings | [5] | $ 151,498,000 | 92,739,000
Maturity date | [5] | Apr. 30, 2018 |
Secured Debt [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[6] | $ 0 |
Other secured borrowings | [6] | $ 39,570,000 | 26,254,000
Maturity date | [6] | Aug. 31, 2017 |
Secured Debt [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1],[7] | $ 38,081,000 |
Other secured borrowings | [7] | $ 61,919,000 | 50,123,000
Maturity date | [7] | Jan. 31, 2018 |
Interest rate at index floor rate | [7] | 0.25% |
Secured Debt [Member] | Total Servicing Lines Of Credit [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [1] | $ 113,947,000 |
Other secured borrowings |  | $ 653,747,000 | 690,029,000
Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [4] | 2.00% |
Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [7] | 2.75% |
Secured Debt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [3] | 2.00% |
Secured Debt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [6] | 2.75% |
Secured Debt [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [3] | 3.45% |
Ocwen Loan Servicing [Member] | Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate at index floor rate | [6] | 3.00% |
Liberty Home Equity Solutions, Inc. [Member] | Secured Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate at index floor rate | [6] | 3.50% |
Senior Notes [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Unamortized debt issuance costs - SSTL |  | $ (2,937,000) | (3,211,000)
Long-term Debt |  | $ 347,063,000 | $ 346,789,000
Senior Notes [Member] | Secured Debt [Member] | Eurodollar [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [2] | 5.00% |
Interest rate at index floor rate | [2] | 1.00% |
[1] | For our mortgage loan warehouse facilities, available borrowing capacity does not consider the amount of the facility that the lender has extended on an uncommitted basis. Of the borrowing capacity extended on a committed basis, none could be used at June 30, 2017 based on the amount of eligible collateral that had been pledged.
[2] | On December 5, 2016, we entered into an Amended and Restated Senior Secured Term Loan Facility Agreement that established a new SSTL with a borrowing capacity of $335.0 million and a maturity date of December 5, 2020. We may request increases to the loan amount of up to $100.0 million in total, with additional increases subject to certain limitations. We are required to make quarterly payments on the SSTL in an amount of $4.2 million the first of which was paid on March 31, 2017.The borrowings under the SSTL are secured by a first priority security interest in substantially all of the assets of Ocwen, OLS and the other guarantors thereunder, excluding among other things, 35% of the capital stock of foreign subsidiaries, securitization assets and equity interests of securitization entities, assets securing permitted funding indebtedness and non-recourse indebtedness, REO assets, servicing agreements where an acknowledgment from the GSE has not been obtained, as well as other customary carve-outs.Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate (the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1ML)), plus a margin of 4.00% and subject to a base rate floor of 2.00% or (b) the one month Eurodollar rate, plus a margin of 5.00% and subject to a one month Eurodollar floor of 2.00%. To date we have elected option (b) to determine the interest rate.
[3] | Fifty percent of the maximum borrowing amount of $100.0 million is available on a committed basis and fifty percent is available at the discretion of the lender. We use this facility to fund the repurchase of certain loans from Ginnie Mae guaranteed securitizations in connection with loan modifications and loan resolution activity as part of our contractual obligations as the servicer of the loans. On August 1, 2017, we entered into an amendment to lower the advance rates under this facility by 3%.
[4] | Under these repurchase agreements, the lender provides financing on a committed basis for $100.0 million, with an additional $100.0 million available at the discretion of the lender. On August 1, 2017, we elected to voluntarily terminate these agreements.
[5] | Under these participation agreements, the lender provides financing for a combined total of $250.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement. On April 25, 2017, the term of these participation agreements was extended to April 30, 2018.
[6] | Under these participation agreements, the lender provides uncommitted reverse mortgage financing for $75.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement.
[7] | The lender provides financing on a committed basis for $100.0 million.

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