XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.20.2

Receivables (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Receivables |
| June 30, 2020 |  | December 31, 2019
Servicing-related receivables: |  |  |
Government-insured loan claims | $ | 123,781 |  |  | $ | 122,557 |
Sales and transfers of MSRs - Due from NRZ | — |  |  | 24,167 |
Subservicing fees and reimbursable expenses - Due from NRZ | 1,160 |  |  | 9,197 |
Reimbursable expenses | 6,925 |  |  | 13,052 |
Due from custodial accounts | 18,511 |  |  | 27,175 |
Other | 2,475 |  |  | 4,970 |
| 152,852 |  |  | 201,118 |
Income taxes receivable (1) | 110,142 |  |  | 37,888 |
Other receivables | 39,004 |  |  | 20,086 |
| 301,998 |  |  | 259,092 |
Allowance for losses | (54,382 | ) |  | (57,872 | )
| $ | 247,616 |  |  | $ | 201,220 |
(1) See Note 16 – Income Taxes
Schedule of Changes in Allowance For Losses |
Valuation Allowance - Loans Held for Sale at Lower of Cost or Fair Value | Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance | $ | 6,781 |  |  | $ | 10,863 |  |  | $ | 6,643 |  |  | $ | 11,569 |
Provision | 559 |  |  | 394 |  |  | 1,129 |  |  | 1,036 |
Transfer from Liability for indemnification obligations (Other liabilities) | 50 |  |  | 7 |  |  | 75 |  |  | 74 |
Sales of loans | (990 | ) |  | (1,207 | ) |  | (1,447 | ) |  | (2,622 | )
Ending balance | $ | 6,400 |  |  | $ | 10,057 |  |  | $ | 6,400 |  |  | $ | 10,057 |
Allowance for Losses | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance | $ | 7,373 |  |  | $ | 23,135 |  |  | $ | 9,925 |  |  | $ | 23,259 |
Provision | 4,532 |  |  | 2,041 |  |  | 3,771 |  |  | 3,803 |
Net charge-offs and other | (4,085 | ) |  | 2,477 |  |  | (5,876 | ) |  | 591 |
Ending balance (1) | $ | 7,820 |  |  | $ | 27,653 |  |  | $ | 7,820 |  |  | $ | 27,653 |
(1) $18.0 million allowance related to sold advances was reclassified in the third quarter of 2019 and presented as Other liabilities (Liability for indemnification obligations).
Government Insured Loans Claims |
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Changes in Allowance For Losses |
Allowance for Losses - Government-Insured Loan Claims | Three Months Ended June 30, |  | Six Months Ended June 30,
2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance (1) | $ | 58,103 |  |  | $ | 51,280 |  |  | $ | 56,868 |  |  | $ | 52,497 |
Provision | 2,122 |  |  | 4,561 |  |  | 7,194 |  |  | 11,806 |
Charge-offs and other, net | (6,915 | ) |  | (5,330 | ) |  | (10,752 | ) |  | (13,792 | )
Ending balance | $ | 53,310 |  |  | $ | 50,511 |  |  | $ | 53,310 |  |  | $ | 50,511 |
(1) The adoption of ASU 2016-13 did not result in any significant change to the allowance for losses related to receivables as of January 1, 2020.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ocn_GovernmentInsuredLoansClaimsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |