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Borrowings - Schedule of Other Secured Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2018 | Dec. 31, 2017
Line of Credit Facility [Line Items] |  |  |
Maturity date | [1] | Dec. 31, 2020 |
Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available Borrowing Capacity | [2] | $ 194,627 |
Long-term debt, gross |  | 387,213 | $ 554,033
Unamortized debt issuance costs |  | (3,098) | (5,423)
Discount |  | (1,577) | (2,760)
Total Balance |  | $ 382,538 | $ 545,850
Weighted average interest rate |  | 5.49% | 5.22%
SSTL [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available Borrowing Capacity | [1],[2] | $ 0 |
Long-term debt, gross | [1] | 231,500 | $ 298,251
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available Borrowing Capacity | [2] | 194,627 |
Long-term debt, gross |  | $ 155,713 | 255,782
Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Maturity date | [3] | Sep. 30, 2019 |
Available Borrowing Capacity | [2],[3] | $ 25,307 |
Long-term debt, gross | [3] | $ 74,693 | 8,221
Mortgage Loan Warehouse Facilities [Member] | Participation Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Maturity date | [4] | Apr. 30, 2019 |
Available Borrowing Capacity | [2],[5] | $ 0 |
Long-term debt, gross | [5] | $ 42,331 | 161,433
Mortgage Loan Warehouse Facilities [Member] | Mortgage Warehouse Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Maturity date | [5] | Aug. 31, 2019 |
Available Borrowing Capacity | [2],[6] | $ 0 |
Long-term debt, gross | [6] | $ 8,009 | 32,042
Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Maturity date | [7] | Dec. 31, 2019 |
Available Borrowing Capacity |  | $ 169,320 |
Long-term debt, gross |  | $ 30,680 | 54,086
Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Maturity date | [7] | Jan. 31, 2020 |
Available Borrowing Capacity |  | $ 0 |
Long-term debt, gross |  | $ 0 | 0
Interest rate | [7] | 0.00% |
Interest rate at floor |  | 4.00% |
Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Available Borrowing Capacity |  | $ 0 |
Long-term debt, gross |  | $ 0 | $ 0
LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Mortgage Warehouse Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [5] | 2.75% |
Interest rate at floor | [5] | 3.50% |
LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] | Forward Lending [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [7] | 2.25% |
LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] | Reverse Lending [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [7] | 2.75% |
LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [7] | 1.70% |
Eurodollar [Member] | SSTL [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [1] | 5.00% |
Interest rate at floor | [1] | 1.00% |
Maximum [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [3] | 3.00% |
Minimum [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] | Other Secured Borrowings [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest rate | [3] | 1.95% |
[1] | 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.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.
[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, $62.4 million could be used at December 31, 2018 based on the amount of eligible collateral that could be pledged.
[3] | 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.
[4] | 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).
[5] | 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.
[6] | On December 7, 2018, we renewed this facility through December 6, 2019. In connection with the renewal, we increased the maximum borrowing amount from $150.0 million to $250.0 million, of which $200.0 million is available on a committed basis and the remainder is available at the discretion of the lender. 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.
[7] | Under this agreement, the lender provides financing for up to $50.0 million at the discretion of the lender. On January 23, 2019, we renewed this facility through January 22, 2020.

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