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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Servicing and subservicing fees $ 247,714 $ 213,730 $ 742,759 $ 658,095
Gain on loans held for sale, net 16,013 16,942 48,683 61,135
Other revenue, net 19,788 7,606 70,299 32,886
Total revenue 283,515 238,278 861,741 752,116
Expenses        
Compensation and benefits 73,414 63,307 250,393 211,220
MSR valuation adjustments, net (134,561) 41,448 121,705 91,695
Servicing and origination 36,619 31,758 86,827 91,452
Professional services 36,628 40,662 77,205 110,821
Technology and communications 16,644 20,597 61,080 67,306
Occupancy and equipment 17,262 11,896 52,550 37,369
Other expenses (1,282) 7,858 6,563 19,814
Total expenses 44,724 217,526 656,323 629,677
Other income (expense)        
Interest income 4,129 3,963 12,524 10,018
Interest expense (285,922) (61,288) (387,938) (189,601)
Gain on repurchase of senior secured notes 5,099 0 5,099 0
Bargain purchase gain 0 0 (381) 0
Other, net (414) (3,700) 1,544 (6,569)
Total other expense, net (277,108) (61,025) (369,152) (186,152)
Loss before income taxes (38,317) (40,273) (163,734) (63,713)
Income tax expense 4,450 845 13,264 4,541
Net loss (42,767) (41,118) (176,998) (68,254)
Net income attributable to non-controlling interests 0 (29) 0 (176)
Net loss attributable to Ocwen stockholders $ (42,767) $ (41,147) $ (176,998) $ (68,430)
Loss per share attributable to Ocwen stockholders        
Basic and Diluted (in USD per share) $ (0.32) $ (0.31) $ (1.32) $ (0.51)
Weighted average common shares outstanding        
Basic and Diluted (in shares) 134,595,798 133,912,425 134,329,321 133,632,905