XML 49 R33.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Loans Held for Sale (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Loans Held for Sale Fair Value |
Loans Held for Sale - Fair Value | Nine Months Ended September 30,
2018 |  | 2017
Beginning balance | $ | 214,262 |  |  | $ | 284,632 |
Originations and purchases | 671,503 |  |  | 2,204,028 |
Proceeds from sales | (728,531 | ) |  | (2,310,294 | )
Principal collections | (14,201 | ) |  | (3,684 | )
Transfers from (to): |  |  |
Loans held for investment, at fair value | 694 |  |  | — |
Loans held for sale - Lower of cost or fair value | (11,564 | ) |  | — |
Receivables, net | (1,165 | ) |  | — |
Real estate owned (Other assets) | (2,240 | ) |  | — |
Gain on sale of loans | 25,525 |  |  | 22,131 |
Increase (decrease) in fair value of loans | (12,791 | ) |  | 1,836 |
Other | 3,925 |  |  | 1,789 |
Ending balance (1) | $ | 145,417 |  |  | $ | 200,438 |
(1) | At September 30, 2018 and 2017, the balances include $(6.5) million and $6.7 million, respectively, of fair value adjustments.
Schedule of Loans Held for Sale at Lower Cost or Fair Value, Activity |
Loans Held for Sale - Lower of Cost or Fair Value | Nine Months Ended September 30,
2018 |  | 2017
Beginning balance | $ | 24,096 |  |  | $ | 29,374 |
Purchases | 563,327 |  |  | 870,697 |
Proceeds from sales | (400,693 | ) |  | (746,999 | )
Principal collections | (11,101 | ) |  | (6,545 | )
Transfers from (to): |  |  |
Receivables, net | (118,762 | ) |  | (137,807 | )
Real estate owned (Other assets) | (1,681 | ) |  | (711 | )
Loans held for sale - Fair value | 11,564 |  |  | — |
Gain on sale of loans | 2,180 |  |  | 8,332 |
(Increase) decrease in valuation allowance | (3,144 | ) |  | 1,566 |
Other | 6,233 |  |  | 5,317 |
Ending balance (1) | $ | 72,019 |  |  | $ | 23,224 |
(1) | At September 30, 2018 and 2017, the balances include $53.0 million and $17.6 million, respectively, of loans that we repurchased from Ginnie Mae guaranteed securitizations pursuant to Ginnie Mae servicing guidelines. We may repurchase loans that have been modified, to facilitate loss reduction strategies, or as otherwise obligated as a Ginnie Mae servicer. Repurchased loans may be modified or otherwise remediated through loss mitigation activities, may be sold to a third party, or are reclassified to receivables.
Schedule of Gains on Loans Held for Sale, Net |
Gain on Loans Held for Sale, Net | Three Months Ended September 30, |  | Nine Months Ended September 30,
2018 |  | 2017 |  | 2018 |  | 2017
Gain on sales of loans, net |  |  |  |  |  |  |
MSRs retained on transfers of forward loans | $ | 1,427 |  |  | $ | 3,572 |  |  | $ | 5,880 |  |  | $ | 18,604 |
Fair value gains related to transfers of reverse mortgage loans, net | 9,421 |  |  | 15,747 |  |  | 36,870 |  |  | 37,434 |
Gain on sale of repurchased Ginnie Mae loans | 1,222 |  |  | 4,577 |  |  | 2,179 |  |  | 8,332 |
Other, net | 4,459 |  |  | 6,730 |  |  | 24,028 |  |  | 19,635 |
| 16,529 |  |  | 30,626 |  |  | 68,957 |  |  | 84,005 |
Change in fair value of IRLCs | 26 |  |  | (178 | ) |  | 137 |  |  | (1,605 | )
Change in fair value of loans held for sale | 365 |  |  | (2,078 | ) |  | (9,781 | ) |  | 3,735 |
Gain (loss) on economic hedge instruments | 84 |  |  | (2,420 | ) |  | 2,082 |  |  | (8,604 | )
Other | (62 | ) |  | (173 | ) |  | (260 | ) |  | (555 | )
| $ | 16,942 |  |  | $ | 25,777 |  |  | $ | 61,135 |  |  | $ | 76,976 |
Valuation Allowance for Loans Held for Sale [Member] |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Changes in Allowance For Losses |
Valuation Allowance - Loans Held for Sale at Lower of Cost or Fair Value | Three Months Ended September 30, |  | Nine Months Ended September 30,
2018 |  | 2017 |  | 2018 |  | 2017
Beginning balance | $ | 7,535 |  |  | $ | 6,491 |  |  | $ | 7,318 |  |  | $ | 10,064 |
Provision | 2,755 |  |  | 906 |  |  | 3,036 |  |  | 1,761 |
Transfer from Liability for indemnification obligations (Other liabilities) | 554 |  |  | 1,529 |  |  | 1,551 |  |  | 2,416 |
Sales of loans | (382 | ) |  | (426 | ) |  | (1,464 | ) |  | (6,071 | )
Other | — |  |  | (2 | ) |  | 21 |  |  | 328 |
Ending balance | $ | 10,462 |  |  | $ | 8,498 |  |  | $ | 10,462 |  |  | $ | 8,498 |

X
- Definition Gain On Loans Held For Sale [Table Text Block] + References No definition available. + Details
Name: | ocn_GainOnLoansHeldForSaleTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Loans Held For Sale Carried At Fair Value [Table Text Block] + References No definition available. + Details
Name: | ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity [Table Text Block] + References No definition available. + Details
Name: | ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock
Namespace Prefix: | ocn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ocn_ValuationAllowanceforLoansHeldforSaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |