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Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Debt Instrument [Line Items]    
Available borrowing capacity $ 23,500  
Match funded liabilities (related to VIEs) 671,796 $ 778,284
Match Funded Liabilties [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 148,204  
Weighted average interest rate [2] 3.49% 3.61%
Match funded liabilities (related to VIEs) $ 671,796 $ 778,284
Total Ocwen Master Advance Receivables Trust (OMART) [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1] $ 110,684  
Weighted average interest rate [2] 3.47% 3.56%
Match funded liabilities (related to VIEs) $ 649,316 $ 751,559
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2015-VF5 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[3] $ 110,684  
Weighted average interest rate [2],[3] 3.96% 4.06%
Match funded liabilities (related to VIEs) [3] $ 114,316 $ 216,559
Maturity date [3],[4] Dec. 31, 2049  
Amortization date [3],[4] Dec. 31, 2019  
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes - Series 2016-T2 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[5] $ 0  
Weighted average interest rate [2],[5] 2.99% 2.99%
Match funded liabilities (related to VIEs) [5] $ 235,000 $ 235,000
Maturity date [4],[5] Aug. 31, 2049  
Amortization date [4],[5] Aug. 31, 2019  
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2018-T1 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[5] $ 0  
Weighted average interest rate [2],[5] 3.50% 3.50%
Match funded liabilities (related to VIEs) [5] $ 150,000 $ 150,000
Maturity date [4],[5] Aug. 31, 2049  
Amortization date [4],[5] Aug. 31, 2019  
Total Ocwen Master Advance Receivables Trust (OMART) [Member] | Advance Receivables Backed Notes, Series 2018-T2 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[5] $ 0  
Weighted average interest rate [2],[5] 3.81% 3.81%
Match funded liabilities (related to VIEs) [5] $ 150,000 $ 150,000
Maturity date [4],[5] Aug. 31, 2050  
Amortization date [4],[5] Aug. 31, 2020  
Total Ocwen Freddie Advance Funding Facility (OFAF) [Member] | Advance Receivables Backed Notes, Series 2015-VF1 [Member]    
Debt Instrument [Line Items]    
Available borrowing capacity [1],[6] $ 37,520  
Weighted average interest rate [2],[6] 4.12% 5.03%
Match funded liabilities (related to VIEs) [6] $ 22,480 $ 26,725
Maturity date [4],[6] Jun. 30, 2050  
Amortization date [4],[6] Jun. 30, 2020  
[1] Borrowing capacity under the OMART and OFAF facilities is available to us provided that we have sufficient eligible collateral to pledge in accordance with their respective terms. At June 30, 2019, $23.5 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 2.40% and 2.50% at June 30, 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] The amortization date of our facilities is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In all of our advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied ratably to each outstanding amortizing note to reduce the balance and as such the collection of advances allocated to the amortizing note may not be used to fund new advances.
[5] 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%.
[6] On June 6, 2019, we renewed this facility through June 5, 2020 and borrowing capacity was reduced from $65.0 million to $60.0 million with interest computed based on the lender’s cost of funds plus a margin of 100 to 330 bps based on the various classes of notes.