XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Fair Value (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Fair Value Assets and Liabilities | The carrying amounts and the estimated fair values of our financial instruments and certain of our nonfinancial assets measured at fair value on a recurring or non-recurring basis or disclosed, but not carried, at fair value are as follows:
|  |  | September 30, 2018 |  | December 31, 2017
| Level |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |  |  |  |
Loans held for sale, at fair value (a) | 2 |  | $ | 145,417 |  |  | $ | 145,417 |  |  | $ | 214,262 |  |  | $ | 214,262 |
Loans held for sale, at lower of cost or fair value (b) | 3 |  | 72,019 |  |  | 72,019 |  |  | 24,096 |  |  | 24,096 |
Total Loans held for sale |  |  | 217,436 |  |  | 217,436 |  |  | 238,358 |  |  | 238,358 |
|  |  | September 30, 2018 |  | December 31, 2017
| Level |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Loans held for investment, at fair value |  |  |  |  |  |  |  |  |
Loans held for investment - Reverse mortgages (a) | 3 |  | 5,279,187 |  |  | 5,279,187 |  |  | 4,715,831 |  |  | 4,715,831 |
Loans held for investment - Restricted for securitization investors (a) | 3 |  | 28,373 |  |  | 28,373 |  |  | — |  |  | — |
Total loans held for investment |  |  | 5,307,560 |  |  | 5,307,560 |  |  | 4,715,831 |  |  | 4,715,831 |
Advances (including match funded) (c) | 3 |  | 1,101,104 |  |  | 1,101,104 |  |  | 1,356,393 |  |  | 1,356,393 |
Automotive dealer financing notes (including match funded) (c) | 3 |  | — |  |  | — |  |  | 32,757 |  |  | 32,590 |
Receivables, net (c) | 3 |  | 155,937 |  |  | 155,937 |  |  | 199,529 |  |  | 199,529 |
Mortgage-backed securities, at fair value (a) | 3 |  | 1,670 |  |  | 1,670 |  |  | 1,592 |  |  | 1,592 |
U.S. Treasury notes (a) | 1 |  | 1,059 |  |  | 1,059 |  |  | 1,567 |  |  | 1,567 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Match funded liabilities (c) | 3 |  | $ | 714,246 |  |  | $ | 710,303 |  |  | $ | 998,618 |  |  | $ | 992,698 |
Financing liabilities: |  |  |  |  |  |  |  |  |
HMBS-related borrowings, at fair value (a) | 3 |  | 5,184,227 |  |  | 5,184,227 |  |  | 4,601,556 |  |  | 4,601,556 |
Financing liability - MSRs pledged, at fair value (a) | 3 |  | 620,199 |  |  | 620,199 |  |  | 508,291 |  |  | 508,291 |
Financing liability - Owed to securitization investors, at fair value (a) | 3 |  | 26,643 |  |  | 26,643 |  |  | — |  |  | — |
Other (c) | 3 |  | 72,477 |  |  | 57,984 |  |  | 85,227 |  |  | 65,202 |
Total Financing liabilities |  |  | $ | 5,903,546 |  |  | $ | 5,889,053 |  |  | $ | 5,195,074 |  |  | $ | 5,175,049 |
Other secured borrowings: |  |  |  |  |  |  |  |  |
Senior secured term loan (c) (d) | 2 |  | 230,295 |  |  | 236,866 |  |  | 290,068 |  |  | 299,741 |
Other (c) | 3 |  | 115,130 |  |  | 115,130 |  |  | 255,782 |  |  | 255,782 |
Total Other secured borrowings |  |  | 345,425 |  |  | 351,996 |  |  | 545,850 |  |  | 555,523 |
Senior notes: |  |  |  |  |  |  |  |  |
Senior unsecured notes (c) (d) | 2 |  | 3,122 |  |  | 3,090 |  |  | 3,122 |  |  | 2,872 |
Senior secured notes (c) (d) | 2 |  | 344,627 |  |  | 352,071 |  |  | 344,216 |  |  | 355,550 |
Total Senior notes |  |  | 347,749 |  |  | 355,161 |  |  | 347,338 |  |  | 358,422 |
Derivative financial instrument assets (liabilities), at fair value (a) |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate lock commitments | 2 |  | 2,816 |  |  | 2,816 |  |  | 3,283 |  |  | 3,283 |
Forward mortgage-backed securities | 1 |  | (1,873 | ) |  | (1,873 | ) |  | (545 | ) |  | (545 | )
Interest rate caps | 3 |  | 1,211 |  |  | 1,211 |  |  | 2,056 |  |  | 2,056 |
Mortgage servicing rights |  |  |  |  |  |  |  |  |
Mortgage servicing rights, at fair value (a) | 3 |  | $ | 999,282 |  |  | $ | 999,282 |  |  | $ | 671,962 |  |  | $ | 671,962 |
Mortgage servicing rights, at amortized cost (c) (e) | 3 |  | — |  |  | — |  |  | 336,882 |  |  | 418,745 |
Total Mortgage servicing rights |  |  | $ | 999,282 |  |  | $ | 999,282 |  |  | $ | 1,008,844 |  |  | $ | 1,090,707 |
(a) | Measured at fair value on a recurring basis.
(b) | Measured at fair value on a non-recurring basis.
(c) | Disclosed, but not carried, at fair value.
(d) | The carrying values are net of unamortized debt issuance costs and discount. See Note 11 – Borrowings for additional information.
(e) | Effective January 1, 2018, we elected fair value accounting for our MSRs previously accounted for using the amortization method, which included Agency MSRs and government-insured MSRs. The balance at December 31, 2017 includes the impaired government-insured stratum of amortization method MSRs, which was measured at fair value on a non-recurring basis and reported net of the valuation allowance. At December 31, 2017, the carrying value of this stratum was $158.0 million before applying the valuation allowance of $24.8 million.
Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities | The following tables present a reconciliation of the changes in fair value of Level 3 assets and liabilities that we measure at fair value on a recurring basis:
| Loans Held for Investment - Reverse Mortgages |  | HMBS-Related Borrowings |  | Loans Held for Inv. - Restricted for Securitiza- tion Investors |  | Financing Liability - Owed to Securit - ization Investors |  | Mortgage-Backed Securities |  | Financing Liability - MSRs Pledged |  | Derivatives |  | MSRs
Three months ended September 30, 2018
Beginning balance | $ | 5,143,758 |  |  | $ | (5,040,983 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,732 |  |  | $ | (672,619 | ) |  | $ | 1,657 |  |  | $ | 1,043,995 |
Purchases, issuances, sales and settlements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,924 |
Issuances | 223,563 |  |  | (229,169 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,930 |
Consolidation of mortgage-backed securitization trusts | — |  |  | — |  |  | 28,373 |  |  | (26,643 | ) |  | — |  |  | — |  |  | — |  |  | — |
Sales | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,119 | )
Settlements | (110,584 | ) |  | 108,790 |  |  | — |  |  | — |  |  | — |  |  | 49,620 |  |  | — |  |  | — |
Transfers (to) from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for sale, at fair value | (253 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other assets | (170 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Receivables, net | (20 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 112,536 |  |  | (120,379 | ) |  | 28,373 |  |  | (26,643 | ) |  | — |  |  | 49,620 |  |  | — |  |  | (3,265 | )
Total realized and unrealized gains (losses) included in earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value | 22,893 |  |  | (22,865 | ) |  | — |  |  | — |  |  | (62 | ) |  | 2,681 |  |  | (446 | ) |  | (41,448 | )
Calls and other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 119 |  |  | — |  |  | — |
| 22,893 |  |  | (22,865 | ) |  | — |  |  | — |  |  | (62 | ) |  | 2,800 |  |  | (446 | ) |  | (41,448 | )
Transfers in and / or out of Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending balance | $ | 5,279,187 |  |  | $ | (5,184,227 | ) |  | $ | 28,373 |  |  | $ | (26,643 | ) |  | $ | 1,670 |  |  | $ | (620,199 | ) |  | $ | 1,211 |  |  | $ | 999,282 |
| Loans Held for Investment - Reverse Mortgages |  | HMBS-Related Borrowings |  | Mortgage-Backed Securities |  | Financing Liability - MSRs Pledged |  | Derivatives |  | MSRs
Three months ended September 30, 2017
Beginning balance | $ | 4,223,776 |  |  | $ | (4,061,626 | ) |  | $ | 8,986 |  |  | $ | (441,007 | ) |  | $ | 1,937 |  |  | $ | 625,650 |
Purchases, issuances, sales and settlements |  |  |  |  |  |  |  |  |  |  |
Purchases | — |  |  | — |  |  | — |  |  | — |  |  | 655 |  |  | — |
Issuances | 263,169 |  |  | (317,277 | ) |  | — |  |  | (54,601 | ) |  | — |  |  | (715 | )
Sales | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (311 | )
Settlements | (118,991 | ) |  | 111,677 |  |  | — |  |  | 19,770 |  |  | (403 | ) |  | — |
Transfers (to) from: |  |  |  |  |  |  |  |  |  |  |
Other assets | 88 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 144,266 |  |  | (205,600 | ) |  | — |  |  | (34,831 | ) |  | 252 |  |  | (1,026 | )
Total realized and unrealized gains (losses) included in earnings |  |  |  |  |  |  |  |  |  |  |
Change in fair value | 91,718 |  |  | (91,051 | ) |  | 341 |  |  | 27,024 |  |  | (350 | ) |  | (26,477 | )
Calls and other | — |  |  | — |  |  | — |  |  | 971 |  |  | — |  |  | — |
| 91,718 |  |  | (91,051 | ) |  | 341 |  |  | 27,995 |  |  | (350 | ) |  | (26,477 | )
Transfers in and / or out of Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending balance | $ | 4,459,760 |  |  | $ | (4,358,277 | ) |  | $ | 9,327 |  |  | $ | (447,843 | ) |  | $ | 1,839 |  |  | $ | 598,147 |
| Loans Held for Investment - Reverse Mortgages |  | HMBS-Related Borrowings |  | Loans Held for Inv. - Restricted for Securitiza- tion Investors |  | Financing Liability - Owed to Securiti- zation Investors |  | Mortgage-backed Securities |  | Financing Liability - MSRs Pledged |  | Derivatives |  | MSRs
Nine months ended September 30, 2018
Beginning balance | $ | 4,715,831 |  |  | $ | (4,601,556 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,592 |  |  | $ | (508,291 | ) |  | $ | 2,056 |  |  | $ | 671,962 |
Purchases, issuances, sales and settlements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 95 |  |  | 8,809 |
Issuances | 711,035 |  |  | (728,745 | ) |  | — |  |  | — |  |  | — |  |  | (279,586 | ) |  | — |  |  | (445 | )
Consolidation of mortgage-backed securitization trusts | — |  |  | — |  |  | 28,373 |  |  | (26,643 | ) |  | — |  |  | — |  |  | — |  |  | — |
Sales | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8,274 | )
Settlements | (296,800 | ) |  | 290,338 |  |  | — |  |  | — |  |  | — |  |  | 154,129 |  |  | (371 | ) |  | — |
Transfers (to) from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MSRs carried at amortized cost, net of valuation allowance | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 418,925 |
Loans held for sale, at fair value | (694 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other assets | (307 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Receivables, net | (92 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 413,142 |  |  | (438,407 | ) |  | 28,373 |  |  | (26,643 | ) |  | — |  |  | (125,457 | ) |  | (276 | ) |  | 419,015 |
Total realized and unrealized gains (losses) included in earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Included in earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value | 150,214 |  |  | (144,264 | ) |  | — |  |  | — |  |  | 78 |  |  | 11,323 |  |  | (569 | ) |  | (91,695 | )
Calls and other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,226 |  |  | — |  |  | — |
| 150,214 |  |  | (144,264 | ) |  | — |  |  | — |  |  | 78 |  |  | 13,549 |  |  | (569 | ) |  | (91,695 | )
Transfers in and / or out of Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending Balance | $ | 5,279,187 |  |  | $ | (5,184,227 | ) |  | $ | 28,373 |  |  | $ | (26,643 | ) |  | $ | 1,670 |  |  | $ | (620,199 | ) |  | $ | 1,211 |  |  | $ | 999,282 |
| Loans Held for Investment - Reverse Mortgages |  | HMBS-Related Borrowings |  | Mortgage-backed Securities |  | Financing Liability - MSRs Pledged |  | Derivatives |  | MSRs
Nine months ended September 30, 2017
Beginning balance | $ | 3,565,716 |  |  | $ | (3,433,781 | ) |  | $ | 8,342 |  |  | $ | (477,707 | ) |  | $ | 1,836 |  |  | $ | 679,256 |
Purchases, issuances, sales and settlements |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases | — |  |  | — |  |  | — |  |  | — |  |  | 655 |  |  | — |
Issuances | 961,642 |  |  | (981,730 | ) |  | — |  |  | (54,601 | ) |  | — |  |  | (2,131 | )
Sales | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (541 | )
Settlements | (311,560 | ) |  | 287,908 |  |  | — |  |  | 52,963 |  |  | (445 | ) |  | — |
Transfers (to) from: |  |  |  |  |  |  |  |  |  |  |
Other assets | (1,335 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 648,747 |  |  | (693,822 | ) |  | — |  |  | (1,638 | ) |  | 210 |  |  | (2,672 | )
Total realized and unrealized gains (losses) included in earnings |  |  |  |  |  |  |  |  |  |  |
Change in fair value | 245,297 |  |  | (230,674 | ) |  | 985 |  |  | 27,024 |  |  | (207 | ) |  | (78,437 | )
Calls and other | — |  |  | — |  |  | — |  |  | 4,478 |  |  | — |  |  | — |
| 245,297 |  |  | (230,674 | ) |  | 985 |  |  | 31,502 |  |  | (207 | ) |  | (78,437 | )
Transfers in and / or out of Level 3 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ending balance | $ | 4,459,760 |  |  | $ | (4,358,277 | ) |  | $ | 9,327 |  |  | $ | (447,843 | ) |  | $ | 1,839 |  |  | $ | 598,147 |
Schedule of Significant Assumptions used in Valuation |
Significant valuation assumptions | September 30, 2018 |  | December 31, 2017
Life in years |  |  |
Range | 2.8 to 7.6 |  |  | 4.4 to 8.1 |
Weighted average | 5.8 |  |  | 6.4 |
Conditional repayment rate |  |  |
Range | 6.3% to 41.3% |  |  | 5.4% to 51.9% |
Weighted average | 14.7 | % |  | 13.1 | %
Discount rate | 3.7 | % |  | 3.2 | %
Mortgage Servicing Rights - Fair Value [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Significant Assumptions used in Valuation |
Significant valuation assumptions | September 30, 2018 |  | December 31, 2017
Agency (1) |  | Non-Agency |  | Agency |  | Non-Agency
Weighted average prepayment speed | 8.1 | % |  | 15.7 | % |  | 8.1 | % |  | 16.6 | %
Weighted average delinquency rate | 9.9 | % |  | 27.6 | % |  | 1.0 | % |  | 28.5 | %
Advance financing cost | 5-year swap |  |  | 5-yr swap plus 2.75% |  |  | 5-year swap |  |  | 5-yr swap plus 2.75% |
Interest rate for computing float earnings | 5-year swap |  |  | 5-yr swap minus 0.50% |  |  | 5-year swap |  |  | 5-yr swap minus 0.50% |
Weighted average discount rate | 9.0 | % |  | 12.7 | % |  | 9.0 | % |  | 13.0 | %
Weighted average cost to service (in dollars) | $ | 105 |  |  | $ | 301 |  |  | $ | 64 |  |  | $ | 305 |
(1) | Valuation assumptions for Agency MSRs at September 30, 2018 include assumptions for MSRs we carried at amortized cost at December 31, 2017. Effective January 1, 2018, we elected fair value accounting for our remaining MSRs that we had previously carried at amortized cost.
Mortgage Servicing Rights - Amortized Costs [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Significant Assumptions used in Valuation |
Significant valuation assumptions | December 31, 2017
Weighted average prepayment speed | 8.8 | %
Weighted average delinquency rate | 10.9 | %
Advance financing cost | 5-year swap |
Interest rate for computing float earnings | 5-year swap |
Weighted average discount rate | 9.2 | %
Weighted average cost to service (in dollars) | $ | 108 |
HMBS - Related Borrowings [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Significant Assumptions used in Valuation |
Significant valuation assumptions | September 30, 2018 |  | December 31, 2017
Life in years |  |  |
Range | 2.8 to 7.6 |  |  | 4.4 to 8.1 |
Weighted average | 5.8 |  |  | 6.4 |
Conditional repayment rate |  |  |
Range | 6.3% to 41.3% |  |  | 5.4% to 51.9% |
Weighted average | 14.7 | % |  | 13.1 | %
Discount rate | 3.7 | % |  | 3.1 | %
Mortgage Servicing Rights Pledged [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Significant Assumptions used in Valuation |
Significant valuation assumptions | September 30, 2018 |  | December 31, 2017
Weighted average prepayment speed | 16.1 | % |  | 17.0 | %
Weighted average delinquency rate | 28.1 | % |  | 28.9 | %
Advance financing cost | 5-yr swap plus 2.75% |  |  | 5-year swap plus 2.75% |
Interest rate for computing float earnings | 5-yr swap minus 0.50% |  |  | 5-year swap minus 0.50% |
Weighted average discount rate | 13.7 | % |  | 13.7 | %
Weighted average cost to service (in dollars) | $ | 307 |  |  | $ | 311 |

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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_FairValueMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_MortgageServicingRightsAmortizedCostsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_HMBSRelatedBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_MortgageServicingRightsPledgedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |