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Other Liabilities
9 Months Ended
Sep. 30, 2019
Other Liabilities Disclosure [Abstract]  
Other Liabilities
Note 14 – Other Liabilities

 
September 30, 2019
 
December 31, 2018
Contingent loan repurchase liability
$
435,568

 
$
302,581

Other accrued expenses
76,693

 
99,739

Due to NRZ - Advance collections and servicing fees
63,304

 
53,001

Liability for indemnification obligations
56,057

 
51,574

Servicing-related obligations
66,567

 
41,922

Lease liability
48,246

 

Accrued legal fees and settlements
38,959

 
62,763

Checks held for escheat
31,984

 
20,686

Liability for uncertain tax positions
15,577

 
13,739

Accrued interest payable
13,840

 
7,209

Liability for unfunded pension obligation
11,840

 
12,683

Liability for mortgage insurance contingency
6,820

 
6,820

Derivatives, at fair value
3,319

 
4,986

Deferred revenue
2,187

 
4,441

Other
23,734

 
21,492

 
$
894,695

 
$
703,636



Accrued Legal Fees and Settlements
Three Months Ended September 30,
 
Nine Months Ended September 30,
2019
 
2018
 
2019
 
2018
Beginning balance
$
53,072

 
$
54,295

 
$
62,763

 
$
51,057

Net accrual for probable losses (1)
1,866

 
995

 
770

 
10,777

Payments (2)
(11,667
)
 
(460
)
 
(22,174
)
 
(8,103
)
Issuance of common stock in settlement of litigation (3)

 

 

 
(5,719
)
Net increase (decrease) in accrued legal fees
(4,312
)
 
(1,450
)
 
(2,464
)
 
3,282

Other

 

 
64

 
2,086

Ending balance
$
38,959

 
$
53,380

 
$
38,959

 
$
53,380

(1)
Consists of amounts accrued for probable losses in connection with legal and regulatory settlements and judgments. Such amounts are reported in Professional services expense in the unaudited consolidated statements of operations.
(2)
Includes cash payments made in connection with resolved legal and regulatory matters.
(3)
In January 2018, Ocwen issued 1,875,000 shares of common stock in connection with a securities litigation settlement.