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Rights to MSRs - Schedule of Activity Related to Rights to Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands

1 Months Ended

6 Months Ended

Jan. 31, 2018

Jun. 30, 2019

Jun. 30, 2018

Servicing Assets at Fair Value [Line Items]

Beginning balance

$ 671,962

$ 1,457,149

$ 671,962

Beginning balance, Financing Liability

508,291

1,032,856

508,291

Additions, MSRs

114,389

0

Additions, Financing Liability

876

Receipt of lump-sum cash payments

279,600

279,586

Changes in fair value, MSRs

^[1]

159,093

(25,449)

Ending balance

1,312,633

1,043,995

Ending balance, Financing Liability

844,913

672,619

Original Rights to MSRs Agreements [Member]

Servicing Assets at Fair Value [Line Items]

Beginning balance

499,042

436,511

499,042

Changes in fair value, MSRs

1,550

8,782

Changes in fair value, Financing Liability

1,550

8,782

Runoff, settlements and other, MSRs

(20,447)

(34,843)

Runoff, settlements and other, Financing Liability

(20,447)

(34,843)

Calls, MSRs

^[2]

(4,705)

(1,319)

Calls, Financing Liability

^[2]

(4,705)

(1,319)

Ending balance

412,909

471,662

2017 Agreements and New RMSR Agreements [Member]

Servicing Assets at Fair Value [Line Items]

Beginning balance

$ 9,249

138,854

9,249

Receipt of lump-sum cash payments

279,586

Changes in fair value, MSRs

2,346

(17,424)

Changes in fair value, Financing Liability

2,346

(17,424)

Runoff, settlements and other, MSRs

(49,382)

(69,666)

Runoff, settlements and other, Financing Liability

(49,382)

(69,666)

Calls, MSRs

^[2]

(3,715)

(788)

Calls, Financing Liability

^[2]

(3,715)

(788)

Ending balance

88,103

$ 200,957

PHH MSR Agreements [Member]

Servicing Assets at Fair Value [Line Items]

Beginning balance

457,491

Additions, MSRs

876

Changes in fair value, MSRs

(80,878)

Changes in fair value, Financing Liability

(80,878)

Runoff, settlements and other, MSRs

(33,588)

Runoff, settlements and other, Financing Liability

(33,588)

Ending balance

$ 343,901

[1]	Changes in fair value are recognized in MSR valuation adjustments, net in the unaudited consolidated statements of operations.
[2]	Represents the carrying value of MSRs in connection with call rights exercised by NRZ, for MSRs transferred to NRZ under the 2017 Agreements and New RMSR Agreements, or by Ocwen at NRZ’s direction, for MSRs underlying the Original Rights to MSRs Agreements. Ocwen derecognizes the MSRs and the related financing liability upon collapse of the securitization.

X

- Definition

This represents the amount of liability arose in connection with sales proceeds received in 2012 and 2013 as part of the Rights to MSRs transactions with NRZ/HLSS and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs.

+ References

No definition available.

+ Details

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Balance Type:	credit
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X

- Definition

Represents the amount of decrease in liability balance in connection with clean-up call rights exercised by NRZ.

+ References

No definition available.

+ Details

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X

- Definition

Represents the servicing assets balance in connection with clean-up call rights exercised by NRZ, for Mortgage servicing rights transferred to NRZ under the 2017 Agreements, or by Ocwen at NRZ’s direction, for MSRs underlying the 2012 - 2013 Agreements.

+ References

No definition available.

+ Details

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Balance Type:	credit
Period Type:	duration

X

- Definition

Restructuring fee received in connection with transfer of mortgage servicing rights.

+ References

No definition available.

+ Details

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X

- Definition

This represents the decrease in the value of financing liability due to portfolio runoff, settlements and other.

+ References

No definition available.

+ Details

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Namespace Prefix:	ocn_
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- Definition

This represents the decrease in the value of mortgage servicing rights due to portfolio runoff, settlements and other.

+ References

No definition available.

+ Details

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- Definition

The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

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X

- Definition

Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

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- Definition

Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(i)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

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- 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.

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- Definition

The value of new servicing liabilities, that are subsequently measured at fair value, acquired or created during the current period through assumptions of servicing obligations and servicing obligations that result from transfers of financial assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

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- Definition

Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(4)(i)
-URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746

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