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Business Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Results of Operations                      
Revenue $ 310,929 $ 238,278 $ 253,581 $ 260,257 $ 276,770 $ 284,642 $ 311,300 $ 321,864 $ 1,063,045 [1] $ 1,194,576 [1] $ 1,387,163 [1]
Expenses 302,819 [2],[3] 217,526 [2],[3] 205,650 [2],[3] 206,501 [2],[3] 168,303 [4],[5] 273,479 [4],[5] 280,480 [4],[5] 276,383 [4],[5] 932,496 [1] 998,645 [1] 1,223,254 [1]
Other income (expense):                      
Interest income                 14,026 15,965 19,083
Interest expense                 (275,041) (363,238) (412,583)
Bargain purchase gain                 64,036 0 0
Gain on sale of mortgage servicing rights, net                 1,325 10,537 8,492
Other, net [1]                 (6,371) (3,168) 14,738
Total other expense, net (15,873) [3] (61,025) [3] (76,336) [3] (48,791) [3] (153,781) (37,716) (72,428) (75,979) (202,025) (339,904) (370,270)
Loss from continuing operations before income taxes (7,763) $ (40,273) $ (28,405) $ 4,965 (45,314) $ (26,553) $ (41,608) $ (30,498) (71,476) (143,973) (206,361)
Total Assets                      
Balance 9,394,216       8,403,164       9,394,216 8,403,164 7,655,663
Servicing [Member]                      
Results of Operations                      
Revenue [1]                 951,224 1,041,290 1,247,159
Expenses [1]                 772,467 716,384 910,577
Other income (expense):                      
Interest income                 5,383 783 (109)
Interest expense                 (214,172) (293,595) (357,413)
Bargain purchase gain                 0    
Gain on sale of mortgage servicing rights, net                 1,325 10,537 8,492
Other, net [1]                 (3,241) 4,049 15,812
Total other expense, net                 (210,705) (278,226) (333,218)
Loss from continuing operations before income taxes                 (31,948) 46,680 3,364
Total Assets                      
Balance 3,306,208       3,033,243       3,306,208 3,033,243 3,312,371
Lending [Member]                      
Results of Operations                      
Revenue [1]                 93,672 127,475 112,363
Expenses [1]                 82,906 128,058 114,199
Other income (expense):                      
Interest income                 6,061 10,914 15,300
Interest expense                 (6,639) (13,893) (14,398)
Bargain purchase gain                    
Gain on sale of mortgage servicing rights, net                 0 0 0
Other, net [1]                 966 (869) 1,065
Total other expense, net                 388 (3,848) 1,967
Loss from continuing operations before income taxes                 11,154 (4,431) 131
Total Assets                      
Balance 5,603,481       4,945,456       5,603,481 4,945,456 3,863,862
Corporate Items and Other [Member]                      
Results of Operations                      
Revenue [1]                 18,149 25,811 27,646
Expenses [1]                 77,123 154,203 198,483
Other income (expense):                      
Interest income                 2,582 4,268 3,892
Interest expense                 (54,230) (55,750) (40,772)
Bargain purchase gain                 64,036    
Gain on sale of mortgage servicing rights, net                 0 0 0
Other, net [1]                 (4,096) (6,348) (2,139)
Total other expense, net                 8,292 (57,830) (39,019)
Loss from continuing operations before income taxes                 (50,682) (186,222) (209,856)
Total Assets                      
Balance 484,527       424,465       484,527 424,465 479,430
Corporate Eliminations [Member]                      
Results of Operations                      
Revenue [1]                 0 0 (5)
Expenses [1]                 0 0 (5)
Other income (expense):                      
Interest income                 0 0 0
Interest expense                 0 0 0
Bargain purchase gain                    
Gain on sale of mortgage servicing rights, net                 0 0 0
Other, net [1]                 0 0 0
Total other expense, net                 0 0 0
Loss from continuing operations before income taxes                 0 0 0
Total Assets                      
Balance $ 0       $ 0       $ 0 $ 0 $ 0
[1] Inter-segment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] The quarter ended December 31, 2018 includes the results of operations of PHH from the acquisition date of October 4, 2018 through December 31, 2018. See Note 2 — Business Acquisition for additional information.
[3] ncludes a bargain purchase gain, net of tax, of $64.0 million recognized during the quarter ended December 31, 2018 in connection with the acquisition of PHH.
[4] A benchmarking valuation assumption update related to our non-Agency MSRs carried at fair value resulted in an $84.4 million increase in value and reduction in related losses (reported in MSR valuation adjustments, net) during the quarter ended December 31, 2017. This reflected an upward trend in market pricing on non-Agency MSRs similar in profile to Ocwen’s portfolio. This valuation assumption update also resulted in a largely offsetting increase of $73.4 million in the value of the NRZ financing liability which was recognized as Interest expense.
[5] Includes the recovery of $28.5 million of losses during the quarter ended December 31, 2017 related to a settlement of outstanding claims that arose from indemnification obligations in connection with our acquisition of MSRs and related servicing advances in 2013. We had recognized such losses on advances in prior periods and recorded the 2017 recovery in Servicing and origination expense.