XML 136 R117.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Borrowings - Schedule of Other Secured Borrowings (Footnote) (Details) - USD ($) |  | 12 Months Ended |  |
--- | --- | --- | --- | ---
Dec. 05, 2016 | Dec. 31, 2018 | Dec. 07, 2018 | Sep. 28, 2018
SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
New term loans issuable |  | $ 100,000,000 |  |  |
Periodic prepayment of SSTL |  |  | $ 4,200,000 |  |
Maximum borrowing capacity |  | $ 335,000,000 |  |  |
Percentage of loan to value |  |  | 40.00% |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | $ 62,400,000 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | 175,000,000 |  | $ 137,500,000
Borrowings available o committed basis |  |  | 100,000,000 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Participation Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | $ 250,000,000 |  |
Beneficial interest |  |  | 100.00% |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Participation Agreement [Member] | April 30, 2019 Maturity [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | $ 175,000,000.0 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Participation Agreement [Member] | May 31, 2019 Maturity [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | 75,000,000.0 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Mortgage Warehouse Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | 100,000,000 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | 250,000,000 | $ 150,000,000 |
Borrowings available o committed basis |  |  | $ 200,000,000 |  |
Beneficial interest |  |  | 100.00% |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | $ 50,000,000 |  |
Mortgage Loan Warehouse Facilities [Member] | Other Secured Borrowings [Member] | Master Repurchase Agreement [Member] | April 30, 2019 Maturity [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity |  |  | 200,000,000.0 |  |
Other Secured Borrowings [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1] |  | 194,627,000 |  |
Other Secured Borrowings [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1],[2] |  | 0 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1] |  | 194,627,000 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1],[3] |  | 25,307,000 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Participation Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1],[4] |  | 0 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Mortgage Warehouse Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | [1],[5] |  | 0 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | 169,320,000 |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | $ 0 |  |
Interest rate | [6] |  | 0.00% |  |
Interest rate at floor |  |  | 4.00% |  |
Other Secured Borrowings [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity |  |  | $ 0 |  |
Other Secured Borrowings [Member] | Eurodollar [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [2] |  | 5.00% |  |
Interest rate at floor | [2] |  | 1.00% |  |
Other Secured Borrowings [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Mortgage Warehouse Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [4] |  | 2.75% |  |
Interest rate at floor | [4] |  | 3.50% |  |
Other Secured Borrowings [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [6] |  | 1.70% |  |
Other Secured Borrowings [Member] | Minimum [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [3] |  | 1.95% |  |
Other Secured Borrowings [Member] | Maximum [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [3] |  | 3.00% |  |
Senior Secured Term Loan Option One [Member] | Federal Funds Rate [Member] | Other Secured Borrowings [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate |  | 0.50% |  |  |
Senior Secured Term Loan Option One [Member] | Eurodollar [Member] | Other Secured Borrowings [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate |  | 4.00% |  |  |
Senior Secured Term Loan Option One [Member] | Base Rate [Member] | Other Secured Borrowings [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate at floor |  | 2.00% |  |  |
Senior Secured Term Loan Option Two [Member] | Eurodollar [Member] | Other Secured Borrowings [Member] | SSTL [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate |  | 5.00% |  |  |
Interest rate at floor |  | 1.00% |  |  |
Reverse Lending [Member] | Other Secured Borrowings [Member] | LIBOR [Member] | Mortgage Loan Warehouse Facilities [Member] | Master Repurchase Agreement [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Interest rate | [6] |  | 2.75% |  |
[1] | 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.
[2] | 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.
[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 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.
[5] | 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.
[6] | 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.

X
- Definition Borrowings available on committed basis. + References No definition available. + Details
Name: | ocn_BorrowingsAvailableOnCommittedBasis
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the index floor rate used for interest rate on the debt instrument. + References No definition available. + Details
Name: | ocn_DebtInstrumentInterestRateAtIndexFloorRate
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Agreement Term, Potential Benefit Interest Percentage By Lender + References No definition available. + Details
Name: | ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of loan to collateral value. + References No definition available. + Details
Name: | ocn_PercentageOfLoanToCollateralValue
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Amount of the required periodic payments including both interest and principal payments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentPeriodicPayment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_SeniorSecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_WarehouseAgreementBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_RepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_ParticipationAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=ocn_AprilThirtyTwoThousandandNineteenMaturityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=ocn_MayThirtyOneTwoThousandandNineteenMaturityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_MortgageWarehouseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_MasterRepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_MasterRepurchaseAgreementTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_MasterRepurchaseAgreementThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_EurodollarMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeniorSecuredTermLoanOptionOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_FederalFundsEffectiveSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeniorSecuredTermLoanOptionTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ocn_ReverseLendingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |