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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net loss $ (27,136) $ (77,059)
Adjustments to reconcile net loss to net cash provided by operating activities:    
MSR valuation adjustments, net 50,247 82,020
Gain on sale of mortgage servicing rights, net (1,036) (1,320)
Provision for bad debts 25,879 31,918
Depreciation 12,640 13,439
Amortization of debt issuance costs 1,662 1,334
Equity-based compensation expense 772 3,263
Gain on valuation of financing liability (8,642) 0
Net gain on valuation of mortgage loans held for investment and HMBS-related borrowings (7,930) (11,381)
Gain on loans held for sale, net (16,744) (29,512)
Origination and purchase of loans held for sale (838,581) (2,243,475)
Proceeds from sale and collections of loans held for sale 800,982 2,217,259
Changes in assets and liabilities:    
Decrease in advances and match funded assets 182,481 226,742
Decrease in receivables and other assets, net 86,606 89,437
Decrease in other liabilities (68,556) (28,053)
Other, net 3,926 8,013
Net cash provided by operating activities 196,570 282,625
Cash flows from investing activities    
Origination of loans held for investment (487,472) (698,473)
Principal payments received on loans held for investment 186,216 192,569
Purchase of mortgage servicing rights 0 (1,657)
Proceeds from sale of mortgage servicing rights 224 1,464
Proceeds from sale of advances 4,726 3,719
Issuance of automotive dealer financing notes (19,642) (85,076)
Collections of automotive dealer financing notes 52,581 76,264
Additions to premises and equipment (6,398) (7,243)
Other, net 3,577 2,277
Net cash used in investing activities (266,188) (516,156)
Cash flows from financing activities    
Repayment of match funded liabilities, net (247,924) (172,620)
Proceeds from mortgage loan warehouse facilities and other secured borrowings 1,546,226 4,216,466
Repayments of mortgage loan warehouse facilities and other secured borrowings (1,870,943) (4,299,411)
Proceeds from sale of mortgage servicing rights accounted for as a financing 279,586 0
Proceeds from sale of reverse mortgages (HECM loans) accounted for as a financing (HMBS-related borrowings) 499,576 664,453
Repayment of HMBS-related borrowings (181,548) (176,231)
Capital distribution to non-controlling interest (822) 0
Other, net (991) (2,314)
Net cash provided by financing activities 23,160 230,343
Net decrease in cash and restricted cash (46,458) (3,188)
Cash and restricted cash at beginning of year 302,560 302,398
Cash and restricted cash at end of period 256,102 299,210
Supplemental non-cash investing and financing activities    
Issuance of common stock in connection with litigation settlement [1] $ 5,719 $ 0
[1] In January 2018, Ocwen issued 1,875,000 shares of common stock in connection with a previously approved securities litigation settlement.