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Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | Aug. 14, 2019
--- | --- | --- | ---
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 0 |  |
Advance match funded liabilities (related to VIEs) | 612,650 | $ 679,109 |
Advance Match Funded Liabilities |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 427,350 |  |
Weighted average interest rate | 3.02% | 2.81% |
Advance match funded liabilities (related to VIEs) | $ 612,650 | $ 679,109 |
Total Ocwen Master Advance Receivables Trust (OMART) |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 370,802 |  |
Weighted average interest rate | 3.01% | 2.79% |
Advance match funded liabilities (related to VIEs) | $ 599,198 | $ 660,555 |
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes - Series 2015-VF5 |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 370,802 |  |
Weighted average interest rate | 4.61% | 3.36% |
Advance match funded liabilities (related to VIEs) | $ 129,198 | $ 190,555 |
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2019-T1 |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 0 |  |
Weighted average interest rate | 2.62% | 2.62% |
Advance match funded liabilities (related to VIEs) | $ 185,000 | $ 185,000 | $ 185,000
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2019-T2 |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 0 |  |
Weighted average interest rate | 2.53% | 2.53% |
Advance match funded liabilities (related to VIEs) | $ 285,000 | $ 285,000 | $ 285,000
Total Ocwen Freddie Advance Funding Facility (OFAF) | Advance Receivables Backed Notes, Series 2015-VF1 |  |  |
Debt Instrument [Line Items] |  |  |
Available borrowing capacity | $ 56,548 |  |
Weighted average interest rate | 3.60% | 3.53% |
Advance match funded liabilities (related to VIEs) | $ 13,452 | $ 18,554 |

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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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