XML 103 R89.htm IDEA: XBRL DOCUMENT v3.8.0.1
Borrowings - Schedule of Senior Notes (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Debt Instrument [Line Items]    
Senior notes $ 347,475 $ 347,338
6.625 Senior Notes, Due 2019 [Member]    
Debt Instrument [Line Items]    
Interest Rate [1] 6.625%  
8.375% Senior Secured Notes Due In 2022 [Member]    
Debt Instrument [Line Items]    
Interest Rate [2] 8.375%  
Senior Notes [Member]    
Debt Instrument [Line Items]    
Senior notes $ 350,000 350,000
Unamortized debt issuance costs (2,525) (2,662)
Long-term Debt 347,475 347,338
Senior Notes [Member] | 6.625 Senior Notes, Due 2019 [Member]    
Debt Instrument [Line Items]    
Senior notes [1] 3,122 3,122
Senior Notes [Member] | 8.375% Senior Secured Notes Due In 2022 [Member]    
Debt Instrument [Line Items]    
Senior notes [2] $ 346,878 $ 346,878
[1] Ocwen may redeem all or a part of the remaining Senior Unsecured Notes, upon not less than 30 nor more than 60 days’ notice, at a redemption price (expressed as percentages of principal amount) of 103.313% and 100.000% during the twelve-month periods beginning May 15, 2017 and 2018 (and thereafter), respectively, plus accrued and unpaid interest and additional interest, if any.
[2] The Senior Secured Notes are guaranteed by Ocwen, OMS, Homeward Residential Holdings, Inc., Homeward and ACS (the Guarantors). The Senior Secured Notes are secured by second priority liens on the assets and properties of OLS and the Guarantors that secure the first priority obligations under the SSTL, excluding certain MSRs.