XML 125 R103.htm IDEA: XBRL DOCUMENT
v3.20.2

Derivative Financial Instruments and Hedging Activities - Summary of Derivatives (Details) - USD ($) $ in Thousands | 9 Months Ended |
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019
Derivative Notional Balance |  |  |
Notional balance | $ 1,308,234 |  | $ 1,472,566
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 22,843 |  | 6,007
Derivative liability, notional amount | 605,000 |  | 47,083
Derivative liability, fair value | (1,671) |  | (100)
Gains (losses) on derivatives | 46,871 | $ (2,291) |
Forward Sales Of Reverse Loans |  |  |
Derivative Notional Balance |  |  |
Notional balance | 20,000 |  | 40,000
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 31 |  | 8
Derivative liability, notional amount | 60,000 |  | 20,000
Derivative liability, fair value | (114) |  | (29)
Gains (losses) on derivatives | (62) | 106 |
Forward loans IRLCs |  |  |
Derivative Notional Balance |  |  |
Notional balance | 857,257 |  | 204,020
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 21,606 |  | 4,745
Gains (losses) on derivatives | 16,860 | 401 |
TBA forward MBS trades |  |  |
Derivative Notional Balance |  |  |
Notional balance | 400,000 |  | 1,200,000
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 117 |  | 1,121
Derivative liability, notional amount | 190,000 |  | 0
Derivative liability, fair value | (696) |  | 0
Forward LHFS Trades |  |  |
Fair value of derivative assets (liabilities) at: |  |  |
Gains (losses) on derivatives | 0 | (3,689) |
Interest Rate Swap |  |  |
Fair value of derivative assets (liabilities) at: |  |  |
Derivative liability, notional amount | 355,000 |  | 0
Derivative liability, fair value | (213) |  | 0
Gains (losses) on derivatives | (9,564) | 345 |
Interest Rate Swap Futures And TBA Forward MBS Trades |  |  |
Fair value of derivative assets (liabilities) at: |  |  |
Gains (losses) on derivatives | 39,258 | 322 |
Interest Rate Caps |  |  |
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 0 |  | 0
Derivative liability, notional amount | 0 |  | 27,083
Gains (losses) on derivatives | 0 | (358) |
Other |  |  |
Derivative Notional Balance |  |  |
Notional balance | 0 |  | 0
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 16 |  | 0
Derivative liability, notional amount | 0 |  | 0
Derivative liability, fair value | (648) |  | (71)
Gains (losses) on derivatives | (561) | (220) |
Reverse loans IRLCs |  |  |
Derivative Notional Balance |  |  |
Notional balance | 30,977 |  | 28,546
Fair value of derivative assets (liabilities) at: |  |  |
Derivatives, at fair value | 1,073 |  | $ 133
Gains (losses) on derivatives | $ 940 | $ 802 |

X
- Definition Derivative Notional Balance [Roll Forward] + References No definition available. + Details
Name: | ocn_DerivativeNotionalBalanceRollForward
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payments on the derivative liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeLiabilityNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_ForwardSalesOfReverseLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_TBAForwardMortgageBackedSecuritiesTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_ForwardLHFSTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_InterestRateSwapFuturesAndTBAForwardMBSTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_DerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_ReverseMortgageLoanInterestRateLockCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |