XML 112 R90.htm IDEA: XBRL DOCUMENT
v3.20.2

Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($) | Sep. 30, 2020 | Aug. 17, 2020 | May 07, 2020 | May 06, 2020 | Dec. 31, 2019
--- | --- | --- | --- | --- | ---
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | $ 795,000,000 |  |  |  |
Advance match funded liabilities (related to VIEs) | 580,078,000 |  |  |  | $ 679,109,000
Advance Receivables Backed Notes, Series 2015-VF1 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity |  |  | $ 70,000,000.0 | $ 60,000,000.0 |
Advance Match Funded Liabilities |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Available borrowing capacity | $ 214,922,000 |  |  |  |
Weighted average interest rate | 1.97% |  |  |  | 2.81%
Advance match funded liabilities (related to VIEs) | $ 580,078,000 |  |  |  | $ 679,109,000
Total Ocwen Master Advance Receivables Trust (OMART) |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 725,000,000 |  |  |  |
Available borrowing capacity | $ 158,080,000 |  |  |  |
Weighted average interest rate | 1.94% |  |  |  | 2.79%
Advance match funded liabilities (related to VIEs) | $ 566,920,000 |  |  |  | $ 660,555,000
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes - Series 2015-VF5 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 250,000,000 | $ 250,000,000.0 | $ 500,000,000.0 | $ 200,000,000.0 |
Available borrowing capacity | $ 158,080,000 |  |  |  |
Weighted average interest rate | 4.28% |  |  |  | 3.36%
Advance match funded liabilities (related to VIEs) | $ 91,920,000 |  |  |  | $ 190,555,000
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2019-T1 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 0 |  |  |  |
Available borrowing capacity | $ 0 |  |  |  |
Weighted average interest rate | 0.00% |  |  |  | 2.62%
Advance match funded liabilities (related to VIEs) | $ 0 |  |  |  | $ 185,000,000
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2019-T2 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 0 |  |  |  |
Available borrowing capacity | $ 0 |  |  |  |
Weighted average interest rate | 0.00% |  |  |  | 2.53%
Advance match funded liabilities (related to VIEs) | $ 0 |  |  |  | $ 285,000,000
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2020-T1 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 475,000,000 |  |  |  |
Available borrowing capacity | $ 0 |  |  |  |
Weighted average interest rate | 1.49% |  |  |  | 0.00%
Advance match funded liabilities (related to VIEs) | $ 475,000,000 |  |  |  | $ 0
Total Ocwen Freddie Advance Funding Facility (OFAF) | Advance Receivables Backed Notes, Series 2015-VF1 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Borrowing Capacity | 70,000,000 |  |  |  |
Available borrowing capacity | $ 56,842,000 |  |  |  |
Weighted average interest rate | 3.28% |  |  |  | 3.53%
Advance match funded liabilities (related to VIEs) | $ 13,158,000 |  |  |  | $ 18,554,000

X
- 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
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
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_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + 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 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1)(ii) -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
Name: | us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandFifteenVariableFundingNotesOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_MatchFundedLiabiltiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=ocn_OcwenMasterAdvanceReceivablesTrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandFifteenVariableFundingNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandNineteenTermOneNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandNineteenTermTwoNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeriesTwoThousandTwentyTermOneNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=ocn_OcwenFreddieAdvanceFundingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |