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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Servicing and subservicing fees $ 211,483 $ 256,616
Reverse mortgage revenue, net 22,797 32,123
Gain on loans held for sale, net 13,331 8,982
Other revenue, net 6,231 6,167
Total revenue 253,842 303,888
MSR valuation adjustments, net (174,120) (108,998)
Operating expenses    
Compensation and benefits 60,728 94,696
Servicing and origination 20,256 28,698
Professional services 25,637 3,441
Technology and communications 15,193 24,435
Occupancy and equipment 11,969 16,589
Other expenses 3,431 3,248
Total operating expenses 137,214 171,107
Other income (expense)    
Interest income 5,395 4,558
Interest expense (29,982) (26,489)
Pledged MSR liability expense (6,594) (43,956)
Other, net 1,328 1,020
Total other expense, net (29,853) (64,867)
Loss before income taxes (87,345) (41,084)
Income tax (benefit) expense (61,856) 3,410
Net loss attributable to Ocwen stockholders $ (25,489) $ (44,494)
Loss per share attributable to Ocwen stockholders    
Basic and Diluted (in USD per share) $ (0.19) $ (0.33)
Weighted average common shares outstanding    
Basic and Diluted (in shares) 134,858,837 133,918,986