XML 134 R67.htm IDEA: XBRL DOCUMENT
v3.19.3

Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Loans Held for Investment - Reverse Mortgages [Member] |  |  |  |
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | $ 3,600 |  | $ 9,200 |
Level 3 [Member] | Loans Held for Investment - Reverse Mortgages [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 5,872,407 | $ 5,143,758 | 5,472,199 | $ 4,715,831
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 248,877 | 223,563 | 675,898 | 711,035
Sales | 0 | 0 | 0 | 0
Settlements | (151,292) | (110,584) | (383,806) | (296,800)
Transfers to loans held for sale, at fair value | (521) | (253) | (1,405) | (694)
Transfers to other assets | (211) | (170) | (366) | (307)
Transfers to receivables, net | (89) | (20) | (202) | (92)
Purchases, issuances, sales and settlements, total | 96,764 | 112,536 | 290,119 | 413,142
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 80,071 | 22,893 | 286,924 | 150,214
Calls and other | 0 | 0 |  | 0
Total realized and unrealized gains (losses) included in earnings | 80,071 | 22,893 | 286,924 | 150,214
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 6,049,242 | 5,279,187 | 6,049,242 | 5,279,187
Level 3 [Member] | HMBS - Related Borrowings [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (5,745,383) | (5,040,983) | (5,380,448) | (4,601,556)
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | (240,714) | (229,169) | (665,820) | (728,745)
Sales | 0 | 0 | 0 | 0
Settlements | 149,079 | 108,790 | 377,094 | 290,338
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | (91,635) | (120,379) | (288,726) | (438,407)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (66,947) | (22,865) | (234,791) | (144,264)
Calls and other | 0 | 0 |  | 0
Total realized and unrealized gains (losses) included in earnings | (66,947) | (22,865) | (234,791) | (144,264)
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | (5,903,965) | (5,184,227) | (5,903,965) | (5,184,227)
Level 3 [Member] | Loans Held for Inv. - Restricted for Securitization Investors [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 25,324 |  | 26,520 |
Purchases, issuances, sales and settlements |  |  |  |
Consolidation of mortgage-backed securitization trusts |  | 28,373 |  | 28,373
Settlements | (879) |  | (2,075) |
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | (879) | 28,373 | (2,075) | 28,373
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 0 |  | 0 |
Total realized and unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0
Ending balance | 24,445 | 28,373 | 24,445 | 28,373
Level 3 [Member] | Financing Liability Owed to Securitization Investors [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (23,697) |  | (24,815) |
Purchases, issuances, sales and settlements |  |  |  |
Consolidation of mortgage-backed securitization trusts |  | (26,643) |  | (26,643)
Settlements | 870 |  | 1,988 |
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 870 | (26,643) | 1,988 | (26,643)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 0 |  | 0 |
Total realized and unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0
Ending balance | (22,827) | (26,643) | (22,827) | (26,643)
Level 3 [Member] | Mortgage-Backed Securities [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 2,014 | 1,732 | 1,502 | 1,592
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 0 | 0 | 0 | 0
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 22 | (62) | 534 | 78
Calls and other | 0 | 0 |  | 0
Total realized and unrealized gains (losses) included in earnings | 22 | (62) | 534 | 78
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 2,036 | 1,670 | 2,036 | 1,670
Level 3 [Member] | Financing Liability - MSRs Pledged [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (844,913) | (672,619) | (1,032,856) | (508,291)
Purchases, issuances, sales and settlements |  |  |  |
Purchases | (345) | 0 | (1,221) | 0
Issuances | 0 | 0 | 0 | (279,586)
Sales | (11) | 0 | (11) | 0
Settlements | 53,756 | 49,620 | 157,173 | 154,129
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 53,400 | 49,620 | 155,941 | (125,457)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (200,703) | 2,681 | (123,721) | 11,323
Calls and other | 5,264 | 119 | 13,684 | 2,226
Total realized and unrealized gains (losses) included in earnings | (195,439) | 2,800 | (110,037) | 13,549
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | (986,952) | (620,199) | (986,952) | (620,199)
Level 3 [Member] | Derivatives [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 47 | 1,657 | 678 | 2,056
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 95
Issuances | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | (371)
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 0 | 0 | 0 | (276)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (47) | (446) | (678) | (569)
Calls and other | 0 | 0 |  | 0
Total realized and unrealized gains (losses) included in earnings | (47) | (446) | (678) | (569)
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 0 | 1,211 | 0 | 1,211
Level 3 [Member] | MSRs [Member] |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,312,633 | 1,043,995 | 1,457,149 | 671,962
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 11,801 | 2,924 | 128,888 | 8,809
Issuances | 0 | 1,930 | 0 | (445)
Sales | (15) | (8,119) | (585) | (8,274)
Settlements | (3,105) | 0 | (7,872) | 0
Transfers from MSRs carried at amortized cost, net of valuation allowance |  |  |  | 418,925
Transfers to other assets |  |  |  | 0
Purchases, issuances, sales and settlements, total | 8,681 | (3,265) | 120,431 | 419,015
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 134,239 | (41,448) | (122,027) | (91,695)
Calls and other | 0 | 0 |  | 0
Total realized and unrealized gains (losses) included in earnings | 134,239 | (41,448) | (122,027) | (91,695)
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | $ 1,455,553 | $ 999,282 | $ 1,455,553 | $ 999,282

X
- Definition Fair value measurement with unobservable inputs reconciliation asset transfers into level 3 from MSRs at amortized cost. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersIntoLevel3FromMSRsAtAmortizedCost
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This represents the amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using Level3. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossDueToCallsAndOtherIncludedInEarnings
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This represents the amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy to loans held for sale at fair value. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersToLoansHeldForSaleAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This represents the amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy to receivables, net. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersToReceivablesNet
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the consolidated amount of the mortgage backed securitization trusts classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisConsolidationOfMortgagebackedSecuritizationTrusts
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_PurchasesIssuancesSalesAndSettlementsAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of transfer of financial instrument classified as an asset into (out of) level 3 of the fair value hierarchy. + References No definition available. + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_LoansHeldforInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_HMBSRelatedBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_LoansHeldforInvestmentSecuritizationTrustsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityOwedtoSecuritizationInvestorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_MortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityMortgageServicingRightsPledgedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_DerivativeFinancialInstrumentsAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_ServicingContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |