XML 105 R83.htm IDEA: XBRL DOCUMENT
v3.20.2

Rights to MSRs - Schedule of Assets, Liabilities, Servicing and Subservicing Fees Related to NRZ Agreements (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
MSRs, at fair value | $ 1,069,013 | $ 1,455,553 | $ 1,069,013 | $ 1,455,553 | $ 1,044,914 | $ 1,486,395 | $ 1,312,633 | $ 1,457,149
Due from NRZ | 2,364 |  | 2,364 |  |  | 9,197 |  |
Other financing liabilities, at fair value | 588,321 |  | 588,321 |  |  | 972,595 |  |
Interest expense | 57,404 | 256,416 | 105,684 | 303,302 |  |  |  |
PHH MSR Agreements |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Changes in fair value | 0 | 30,156 | 40,720 | 111,034 |  |  |  |
Runoff and settlement | 0 | 15,881 | 7,492 | 49,469 |  |  |  |
Financing Liability - MSRs Pledged |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Other financing liabilities, at fair value | 577,309 |  | 577,309 |  |  | 950,593 |  |
New Residential Investment Corp |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
MSRs, at fair value | 577,309 |  | 577,309 |  |  | 915,148 |  |
Due from NRZ | 2,364 |  | 2,364 |  |  | 33,364 |  |
Due to NRZ | 95,803 |  | 95,803 |  |  | 63,596 |  |
Servicing fees collected on behalf of NRZ | 91,015 | 146,567 | 299,089 | 443,505 |  |  |  |
Less: Subservicing fee retained by Ocwen | 25,674 | 35,462 | 80,529 | 108,774 |  |  |  |
Net servicing fees remitted to NRZ | 65,341 | 111,105 | 218,560 | 334,731 |  |  |  |
Changes in fair value | (10,401) | (200,704) | 21,314 | (123,721) |  |  |  |
Runoff and settlement | 15,650 | 53,756 | 84,185 | 157,173 |  |  |  |
Other | 2,688 | 1,637 | 7,377 | (2,023) |  |  |  |
Interest expense | 57,404 | 256,416 | 105,684 | 303,302 |  |  |  |
New Residential Investment Corp | Sale and Transfers of Mortgage Servicing Rights |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Due from NRZ | 0 |  | 0 |  |  | 24,167 |  |
New Residential Investment Corp | Subservicing Fees and Reimbursable Expenses |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Due from NRZ | 2,364 |  | 2,364 |  |  | 9,197 |  |
New Residential Investment Corp | Original Rights to MSRs Agreements |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Other financing liabilities, at fair value | 577,309 |  | 577,309 |  |  | 603,046 |  |
Changes in fair value | (10,401) | (228,644) | (18,503) | (230,193) |  |  |  |
Runoff and settlement | 15,650 | 11,170 | 41,572 | 31,617 |  |  |  |
New Residential Investment Corp | 2017 Agreements and New RMSR Agreements |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Other financing liabilities, at fair value | 0 |  | 0 |  |  | 35,445 |  |
Changes in fair value | 0 | (2,216) | (903) | (4,562) |  |  |  |
Runoff and settlement | 0 | $ 26,705 | 35,121 | $ 76,087 |  |  |  |
New Residential Investment Corp | PHH MSR Agreements |  |  |  |  |  |  |  |
Servicing Liabilities at Fair Value [Line Items] |  |  |  |  |  |  |  |
Other financing liabilities, at fair value | $ 0 |  | $ 0 |  |  | $ 312,102 |  |

X
- Definition Bank Servicing Fees, Remitted + References No definition available. + Details
Name: | ocn_BankServicingFeesRemitted
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Bank Servicing Fees Retained + References No definition available. + Details
Name: | ocn_BankServicingFeesRetained
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Counter party receivables. + References No definition available. + Details
Name: | ocn_CounterPartyReceivables
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Financing Interest Expense (Income), Other + References No definition available. + Details
Name: | ocn_FinancingInterestExpenseIncomeOther
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This represents the increase (decrease) in the valuation which is realized on a transfer, accounted for as financing, of a portion of servicing assets and reflects the amount of sales proceeds in excess of the sum of the carrying amounts of transferred financial assets. + References No definition available. + Details
Name: | ocn_IncreaseDecreaseInValuationOfFinancingLiability
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other financing liabilities. + References No definition available. + Details
Name: | ocn_OtherFinancingLiabilities
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Reduction in financing liability and interest expense. + References No definition available. + Details
Name: | ocn_ReductioninFinancingLiabilityandInterestExpense
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of obligations incurred and payable classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.15(a)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_AccountsPayableOtherCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This element represents interest incurred for borrowed money which was used to produce goods or render services. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_FinancingInterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromCollectionOfLoansReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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_ServicingLiabilitiesAtFairValueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_MortgageServicingRightsAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityMortgageServicingRightsPledgedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=ocn_NewResidentialInvestmentCorpMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_SaleAndTransfersOfMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_OriginalRightstoMortgageServicingRightsAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_TwoThousandSeventeenAgreementsandNewRMSRAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |