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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Servicing and subservicing fees $ 239,182 $ 222,227 $ 495,045 $ 444,365
Gain on loans held for sale, net 15,075 24,393 32,670 44,193
Other revenue, net 20,081 6,961 50,511 25,280
Total revenue 274,338 253,581 578,226 513,838
Expenses        
MSR valuation adjustments, net 147,268 33,118 256,266 50,247
Compensation and benefits 82,283 69,838 176,979 147,913
Servicing and origination 21,510 28,276 50,208 59,694
Technology and communications 20,001 23,906 44,436 46,709
Occupancy and equipment 18,699 12,859 35,288 25,473
Professional services 37,136 32,389 40,577 70,159
Other expenses 4,597 5,264 7,845 11,956
Total expenses [1] 331,494 205,650 611,599 [2] 412,151
Other income (expense)        
Interest income 3,837 3,355 8,395 6,055
Interest expense (31,571) (77,503) (102,016) (128,313)
Bargain purchase gain (96) 0 (381) 0
Other, net 653 (2,188) 1,958 (2,869)
Total other expense, net (27,177) (76,336) (92,044) (125,127)
Loss before income taxes (84,333) (28,405) (125,417) (23,440)
Income tax expense 5,404 1,348 8,814 3,696
Net loss (89,737) (29,753) (134,231) (27,136)
Net income attributable to non-controlling interests 0 (78) 0 (147)
Net loss attributable to Ocwen stockholders $ (89,737) $ (29,831) $ (134,231) $ (27,283)
Loss per share attributable to Ocwen stockholders        
Basic and Diluted (in USD per share) $ (0.67) $ (0.22) $ (1.00) $ (0.20)
Weighted average common shares outstanding        
Basic and Diluted (in shares) 134,465,741 133,856,132 134,193,874 133,490,828
[1] Compensation and benefits expense in the Corporate Items and Other segment for the three and six months ended June 30, 2019 and 2018 includes $0.8 million and $19.2 million, and $1.6 million, and $7.3 million, respectively, of severance expense attributable to PHH integration-related headcount reductions of primarily U.S.-based employees in 2019 and headcount reductions in connection with our strategic decisions to exit the automotive capital services business and the forward lending correspondent and wholesale channels in late 2017 and early 2018, as well as our overall efforts to reduce costs.
[2] Included in the Corporate Items and Other segment for the six months ended June 30, 2019, we recorded in Professional services expense a recovery from a service provider of $30.7 million during the first quarter of 2019 of amounts previously recognized as expense.