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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Servicing and subservicing fees $ 255,801 $ 307,262 $ 528,303 $ 604,758
Gain on loans held for sale, net 28,255 27,857 51,199 43,429
Other 27,244 37,935 53,662 55,624
Total revenue 311,300 373,054 633,164 703,811
Expenses        
Compensation and benefits 90,411 98,422 182,212 194,671
Servicing and origination 64,516 89,987 132,423 185,679
Professional services 65,405 121,399 107,234 192,306
Technology and communications 24,254 32,709 51,601 59,578
Occupancy and equipment 16,480 20,708 34,229 45,453
Amortization of mortgage servicing rights 12,697 8,347 25,412 21,153
Other 6,717 13,446 23,752 14,835
Total expenses 280,480 385,018 556,863 713,675
Other income (expense)        
Interest income 4,239 5,140 8,002 9,330
Interest expense (81,128) (91,033) (165,190) (197,122)
Gain on sale of mortgage servicing rights, net 1,033 853 1,320 2,028
Other, net 3,428 606 7,461 (2,895)
Total other expense, net (72,428) (84,434) (148,407) (188,659)
Loss before income taxes (41,608) (96,398) (72,106) (198,523)
Income tax expense (benefit) 2,828 (9,180) 4,953 (104)
Net loss (44,436) (87,218) (77,059) (198,419)
Net income attributable to non-controlling interests (71) (160) (172) (290)
Net loss attributable to Ocwen stockholders $ (44,507) $ (87,378) $ (77,231) $ (198,709)
Loss per share attributable to Ocwen stockholders        
Basic (in USD per share) $ (0.36) $ (0.71) $ (0.62) $ (1.60)
Diluted (in USD per share) $ (0.36) $ (0.71) $ (0.62) $ (1.60)
Weighted average common shares outstanding        
Basic (in shares) 124,582,280 123,893,752 124,300,171 123,993,545
Diluted (in shares) 124,582,280 123,893,752 124,300,171 123,993,545