XML 84 R62.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair Value - Schedule of Reconciliation of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - Level 3 - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Loans Held for Inv. - Restricted for Securitization Investors |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | $ 11,664 | $ 25,324 | $ 23,342 | $ 26,520
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 |  |
Issuances | 0 | 0 |  |
Deconsolidation of mortgage-backed securitization trusts |  |  | (10,715) |
Sales | 0 | 0 |  |
Settlements | (652) | (879) | (1,615) | (2,075)
Transfers to loans held for sale, at fair value | 0 |  |  |
Transfers to receivables, net | 0 |  |  |
Purchases, issuances, sales and settlements, total | (652) | (879) | (12,330) | (2,075)
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 0 | 0 | 0 | 0
Total realized and unrealized gains (losses) included in earnings | 0 | 0 |  | 0
Transfers in and / or out of Level 3 | 0 | 0 |  |
Ending balance | 11,012 | 24,445 | 11,012 | 24,445
Financing Liability Owed to Securitization Investors |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | (11,664) | (23,697) | (22,002) | (24,815)
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 |  |
Issuances | 0 | 0 |  |
Deconsolidation of mortgage-backed securitization trusts |  |  | 9,519 |
Sales | 0 | 0 |  |
Settlements | 652 | 870 | 1,615 | 1,988
Transfers to loans held for sale, at fair value | 0 |  |  |
Transfers to receivables, net | 0 |  |  |
Purchases, issuances, sales and settlements, total | 652 | 870 | 11,134 | 1,988
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 0 | 0 | (144) | 0
Total realized and unrealized gains (losses) included in earnings | 0 | 0 |  | 0
Transfers in and / or out of Level 3 | 0 | 0 |  |
Ending balance | (11,012) | (22,827) | (11,012) | (22,827)
Loans Held for Sale - Fair Value |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 25,950 |  | 0 |
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 45,445 |  | 103,955 |
Issuances | 0 |  |  |
Sales | (45,723) |  | (104,273) |
Settlements | 356 |  | (70) |
Transfers to loans held for sale, at fair value | 0 |  |  |
Transfers to receivables, net | 157 |  | (113) |
Purchases, issuances, sales and settlements, total | 235 |  | (501) |
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 224 |  | 1,328 |
Total realized and unrealized gains (losses) included in earnings | 224 |  |  |
Transfers in and / or out of Level 3 | 0 |  | 25,582 |
Ending balance | 26,409 |  | 26,409 |
Mortgage-Backed Securities |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 1,726 | 2,014 | 2,075 | 1,502
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 | 0 | 0 | 0
Issuances | 0 | 0 | 0 | 0
Sales | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Transfers to loans held for sale, at fair value | 0 |  |  |
Transfers to receivables, net | 0 |  |  |
Purchases, issuances, sales and settlements, total | 0 | 0 | 0 | 0
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | 424 | 22 | 75 | 534
Total realized and unrealized gains (losses) included in earnings | 424 | 22 |  | 534
Transfers in and / or out of Level 3 | 0 | 0 | 0 | 0
Ending balance | 2,150 | 2,036 | 2,150 | 2,036
IRLCs |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance | 17,818 |  | 0 |
Purchases, issuances, sales and settlements |  |  |  |
Purchases | 0 |  | 0 |
Issuances | 87,311 |  | 144,931 |
Sales | 0 |  | 0 |
Settlements | 0 |  | 0 |
Transfers to loans held for sale, at fair value | (77,785) |  | (128,224) |
Transfers to receivables, net | 0 |  |  |
Purchases, issuances, sales and settlements, total | 9,526 |  | 16,707 |
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value | (4,665) |  | (4,506) |
Total realized and unrealized gains (losses) included in earnings | (4,665) |  |  |
Transfers in and / or out of Level 3 | 0 |  | 10,478 |
Ending balance | $ 22,679 |  | $ 22,679 |
Interest Rate Caps |  |  |  |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning balance |  | 47 |  | 678
Purchases, issuances, sales and settlements |  |  |  |
Purchases |  | 0 |  | 0
Issuances |  | 0 |  | 0
Sales |  | 0 |  | 0
Settlements |  | 0 |  | 0
Purchases, issuances, sales and settlements, total |  | 0 |  | 0
Total realized and unrealized gains and (losses): |  |  |  |
Change in fair value |  | (47) |  | (678)
Total realized and unrealized gains (losses) included in earnings |  | (47) |  | (678)
Transfers in and / or out of Level 3 |  | 0 |  | 0
Ending balance |  | $ 0 |  | $ 0

X
- Definition Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss) + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This represents the amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy to loans held for sale at fair value. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersToLoansHeldForSaleAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This represents the amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy to receivables, net. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersToReceivablesNet
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the consolidated amount of the mortgage backed securitization trusts classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References No definition available. + Details
Name: | ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDeconsolidationOfMortgagebackedSecuritizationTrusts
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_PurchasesIssuancesSalesAndSettlementsAbstract
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_TotalRealizedAndUnrealizedGainsAndLosses2Abstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of settlement of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of transfer of financial instrument classified as an asset into (out of) level 3 of the fair value hierarchy. + References No definition available. + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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

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