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Borrowings - Schedule of Other Secured Borrowings (Details) - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2018 | Dec. 31, 2017
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity |  | $ 52,800 |
Other secured borrowings |  | $ 5,903,546 | $ 5,195,074
London Interbank Offered Rate (LIBOR) [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [1] | 2.60% |
Secured Debt [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2] | $ 209,567 |
Other secured borrowings |  | 115,130 | 255,782
Unamortized debt issuance costs - SSTL |  | (3,573) | (5,423)
Discount - SSTL |  | (1,819) | (2,760)
Long-term Debt |  | $ 345,425 | $ 545,850
Weighted average interest rate |  | 5.79% | 5.22%
Secured Debt [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[3] | $ 0 |
Other secured borrowings | [3] | $ 235,687 | $ 298,251
Maturity date | [3] | Dec. 31, 2020 |
Secured Debt [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[4] | $ 100,000 |
Other secured borrowings | [4] | $ 0 | 8,221
Maturity date | [4] | Sep. 30, 2019 |
Secured Debt [Member] | Participation Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[5] | $ 0 |
Other secured borrowings | [5] | $ 64,798 | 161,433
Maturity date | [5] | May 31, 2019 |
Secured Debt [Member] | Mortgage Warehouse Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[6] | $ 0 |
Other secured borrowings | [6] | $ 9,899 | 32,042
Maturity date | [6] | Aug. 31, 2019 |
Secured Debt [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[7] | $ 109,567 |
Other secured borrowings | [7] | $ 40,433 | 54,086
Maturity date | [7] | Dec. 31, 2018 |
Secured Debt [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2],[8] | $ 0 |
Other secured borrowings | [8] | $ 0 | 0
Maturity date | [8] | Dec. 31, 2018 |
Interest rate at index floor rate | [8] | 4.00% |
Secured Debt [Member] | Total Servicing Lines Of Credit [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available borrowing capacity | [2] | $ 209,567 |
Other secured borrowings |  | $ 350,817 | $ 554,033
Secured Debt [Member] | Eurodollar [Member] | Senior Secured Term Loan [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [3] | 5.00% |
Interest rate at index floor rate | [3] | 1.00% |
Secured Debt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [4] | 2.00% |
Secured Debt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Mortgage Warehouse Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [6] | 2.75% |
Secured Debt [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate at index floor rate | [7] | 2.25% |
Secured Debt [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Repurchase Agreements [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [4] | 3.45% |
Secured Debt [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Mortgage Warehouse Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Basis spread on variable rate | [6] | 3.50% |
Secured Debt [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Master Repurchase Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate at index floor rate | [7] | 2.75% |
[1] | Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid.
[2] | Available borrowing capacity for our mortgage loan warehouse facilities does not consider the amount of the facility that the lender has extended on an uncommitted basis. Of the borrowing capacity extended on a committed basis, $100.0 million could be used at September 30, 2018 based on the amount of eligible collateral that could be pledged.
[3] | Under the terms of the Amended and Restated Senior Secured Term Loan Facility Agreement with an original borrowing capacity of $335.0 million, we may request increases to the loan amount of up to $100.0 million, with additional increases subject to certain limitations. We are required to make quarterly principal payments of $4.2 million on the SSTL, the first of which was paid on March 31, 2017.The borrowings under the SSTL are secured by a first priority security interest in substantially all of the assets of Ocwen, OLS and the other guarantors thereunder, excluding among other things, 35% of the capital stock of foreign subsidiaries, securitization assets and equity interests of securitization entities, assets securing permitted funding indebtedness and non-recourse indebtedness, REO assets, servicing agreements where an acknowledgment from the GSE has not been obtained, as well as other customary carve-outs.Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate (the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) 1ML, plus a margin of 4.00% and subject to a base rate floor of 2.00% or (b) 1ML, plus a margin of 5.00% and subject to a 1ML floor of 1.00%. To date, we have elected option (b) to determine the interest rate.
[4] | We primarily use this facility to fund the repurchase of certain loans from Ginnie Mae guaranteed securitizations in connection with loan modifications and loan resolution activity as part of our contractual obligations as the servicer of the loans. On September 28, 2018, we renewed this facility through September 27, 2019. In connection with the renewal, we increased the maximum borrowing amount from $137.5 million to $175.0 million, of which $100.0 million is available on a committed basis and the remainder is available at the discretion of the lender.
[5] | Under these participation agreements, the lender provides financing for a combined total of $250.0 million at the discretion of the lender. The participation agreements allow the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement. On May 31, 2018, we renewed these facilities through April 30, 2019 ($175.0 million) and May 31, 2019 ($75.0 million).
[6] | Under this participation agreement, the lender provides financing for $100.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. On August 15, 2018, we renewed these facilities through August 15, 2019.
[7] | Under this agreement, the lender provides financing on a committed basis for up to $150.0 million. The agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing.
[8] | Under this agreement, the lender provides financing for up to $50.0 million at the discretion of the lender.

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