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Quarterly Results of Operations (Unaudited) - Schedule of Quarterly Results of Operations (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]                      
Revenue $ 276,770 $ 284,642 $ 311,300 $ 321,864 $ 323,904 $ 359,448 $ 373,054 $ 330,757 $ 1,194,576 [1] $ 1,387,163 [1] $ 1,741,098 [1]
Expenses 168,303 [2],[3] 273,479 [2],[3] 280,480 [2],[3] 276,383 [2],[3] 237,901 271,678 385,018 328,657 998,645 [1] 1,223,254 [1] 1,478,184 [1]
Other expense, net (153,781) [2] (37,716) [2] (72,428) [2] (75,979) [2] (96,205) (85,406) (84,434) (104,225) (339,904) (370,270) (392,775)
Loss before income taxes (45,314) (26,553) (41,608) (30,498) (10,202) 2,364 (96,398) (102,125) (143,973) (206,361) (129,861)
Income tax expense (benefit) (51) (20,418) 2,828 2,125 228 (7,110) (9,180) 9,076 (15,516) (6,986) 116,851
Net loss (45,263) (6,135) (44,436) (32,623) (10,430) 9,474 (87,218) (111,201) (128,457) (199,375) (246,712)
Net income attributable to non-controlling interests 780 (117) (71) (101) (14) (83) (160) (130) 491 (387) (305)
Net loss attributable to Ocwen common stockholders $ (44,483) $ (6,252) $ (44,507) $ (32,724) $ (10,444) $ 9,391 $ (87,378) $ (111,331) $ (127,966) $ (199,762) $ (247,017)
Loss per share attributable to Ocwen stockholders                      
Basic (in dollars per share) $ (0.34) $ (0.05) $ (0.36) $ (0.26) $ (0.08) $ 0.08 $ (0.71) $ (0.90) $ (1.01) $ (1.61) $ (1.97)
Diluted (in dollars per share) $ (0.34) $ (0.05) $ (0.36) $ (0.26) $ (0.08) $ 0.08 $ (0.71) $ (0.90) $ (1.01) $ (1.61) $ (1.97)
[1] Inter-segment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] A benchmarking valuation assumption update related to our non-Agency MSRs carried at fair value resulted in an $84.4 million increase in value and reduction in related losses (reported in Servicing and origination expense) during the quarter ended December 31, 2017. This reflects an upward trend in market pricing on non-Agency MSRs similar in profile to Ocwen’s portfolio. This valuation assumption update also resulted in a largely offsetting increase of $73.4 million in the value of the NRZ financing liability which was recognized as interest expense.
[3] Includes the recovery of $28.5 million of losses during the quarter ended December 31, 2017 related to a settlement of outstanding claims that arose from indemnification obligations in connection with our acquisition of MSRs and related servicing advances in 2013. We had recognized such losses on advances in prior periods and recorded the 2017 recovery in Servicing and origination expense.