XML 110 R95.htm IDEA: XBRL DOCUMENT v3.19.1

Borrowings - Schedule of Match Funded Liabilities (Footnote) (Details) - USD ($)

3 Months Ended

12 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Aug. 15, 2018

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

$ 66,100,000

Match funded liabilities

649,384,000

$ 778,284,000

Advance Receivables Backed Notes - Series 2015-VF5 [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 225,000,000

Advance Receivables Backed Notes - Series 2015-VF5 [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

1.05%

Advance Receivables Backed Notes - Series 2015-VF5 [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

2.50%

Series 2016 and 2018 Term Notes [Member]

Debt Instrument [Line Items]

Total borrowing capacity

$ 535,000,000.0

Series 2016 and 2018 Term Notes [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

2.7215%

Series 2016 and 2018 Term Notes [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

4.5319%

Advance Receivables Backed Notes, Series 2018-T1 [Member]

Debt Instrument [Line Items]

Match funded liabilities

$ 150,000,000

Advance Receivables Backed Notes, Series 2015-VF1 [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 65,000,000.0

Advance Receivables Backed Notes, Series 2015-VF1 [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

1.80%

Advance Receivables Backed Notes, Series 2015-VF1 [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

4.50%

London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.49%

2.50%

London Interbank Offered Rate (LIBOR) [Member] | Advance Receivables Backed Notes, Series 2015-VF1 [Member]

Debt Instrument [Line Items]

Ceiling percentage of 1ML in determining interest rate

3.00%

Total Ocwen Master Advance Receivables Trust (OMART) [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

^[1]

$ 110,794,000

Debt instrument, interest rate

^[2]

3.50%

3.56%

Match funded liabilities

$ 649,206,000

$ 751,559,000

Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5 [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

^[1],[3]

$ 110,794,000

Debt instrument, interest rate

^[2],[3]

4.12%

4.06%

Match funded liabilities

^[3]

$ 114,206,000

$ 216,559,000

Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2018-T1 [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

^[1],[4]

$ 0

Debt instrument, interest rate

^[2],[4]

3.50%

3.50%

Match funded liabilities

^[4]

$ 150,000,000

$ 150,000,000

Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2018-T2 [Member]

Debt Instrument [Line Items]

Available borrowing capacity that could be used based on amount of eligible collateral pledged

^[1],[4]

$ 0

Debt instrument, interest rate

^[2],[4]

3.81%

3.81%

Match funded liabilities

^[4]

$ 150,000,000

$ 150,000,000

[1]	Borrowing capacity under the OMART and OFAF facilities is available to us provided that we have eligible collateral to pledge according to their respective criteria. At March 31, 2019, $66.1 million of the available borrowing capacity of our advance financing notes could be used based on the amount of eligible collateral that had been pledged.
[2]	1ML was 2.49% and 2.50% at March 31, 2019 and December 31, 2018, respectively.
[3]	The total borrowing capacity of the Series 2015-VF5 variable notes is $225.0 million, with interest computed based on the lender’s cost of funds plus a margin of 105 to 250 bps.
[4]	Under the terms of the agreement, we must continue to borrow the full amount of the Series 2016-T2, 2018-T1 and 2018-T2 fixed-rate term notes until the amortization date. If there is insufficient eligible collateral to support the level of borrowing, the excess cash proceeds in an amount necessary to make up the deficit are not distributed to Ocwen but are held by the trustee, and interest expense continues to be based on the full amount of the outstanding notes. The Series 2016-T2, 2018-T1 and 2018-T2 term notes have a total combined borrowing capacity of $535.0 million. Rates on the individual classes of notes range from 2.72% to 4.53%. On August 15, 2018, we issued two $150.0 million fixed-rate term notes (Series 2018 T-1 and Series 2018-T2) with amortization dates of August 15, 2019 and August 17, 2020, respectively.

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

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6036836-161870

Reference 2: 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 3: 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(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Incremental percentage increase (decrease) in the stated rate on a debt instrument.

+ References

No definition available.

+ Details

Name:	us-gaap_DebtInstrumentInterestRateIncreaseDecrease
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

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 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

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any 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_LineOfCreditFacilityCurrentBorrowingCapacity
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

- Definition

Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)(ii)
-URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

+ Details

Name:	us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Details

Name:	us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandFifteenVariableFundingNotesMember
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_SeriesTwoThousandSixteenAndEighteenTermNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandEighteenTermOneNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandFifteenVariableFundingNotesOneMember
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:	us-gaap_LongtermDebtTypeAxis=ocn_OcwenMasterAdvanceReceivablesTrustMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandEighteenTermTwoNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: