XML 108 R86.htm IDEA: XBRL DOCUMENT
v3.20.4

Reverse Mortgages - Schedule of Loans Held For Investment and HMBS Related Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Receivables [Abstract] |  |  |
Loans held for investment - reverse mortgages, beginning balance | $ 6,269,596 | $ 5,472,199 | $ 4,715,831
Cumulative effect of fair value election | 47,038 |  |
Originations | 1,203,645 | 1,026,154 | 920,476
Repayments (principal payments received) | (944,699) | (558,720) | (400,521)
Loans held for sale, at fair value | (3,084) | (1,892) | (1,039)
Receivables, net | (236) | (327) | (158)
REO (Other assets) | (511) | (513) | (411)
Change in fair value | 425,378 | 332,695 | 238,021
Securitized loans (pledged to HMBS-Related Borrowings) | 6,872,252 | 6,120,933 | 5,446,768
Un-securitized loans | 124,875 | 148,663 | 25,431
Loans held for investment, reverse mortgages, ending balance | 6,997,127 | 6,269,596 | 5,472,199
HMBS Related Borrowings, Beginning Balance | (6,063,435) | (5,380,448) | (4,601,556)
Securitization of HECM loans accounted for as a financing | (1,273,575) | (981,199) | (990,039)
Repayments (principal payments received) | 935,778 | 549,600 | 391,985
Change in fair value | (371,479) | (251,388) | (180,838)
HMBS Related Borrowings, Ending Balance | (6,772,711) | (6,063,435) | $ (5,380,448)
Fair value adjustments on loans held for investment | $ 19,800 | $ 12,200 |

X
- Definition Change in fair value related to home equity conversion mortgage-backed securities related borrowings accounted for as a financing. + References No definition available. + Details
Name: | ocn_HMBSRelatedBorrowingsChangeInFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Principal repayment in connection with home equity conversion mortgage-backed securities related borrowings accounted for as a financing. + References No definition available. + Details
Name: | ocn_HMBSRelatedBorrowingsRepayments
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amounts related to securitization of home equity conversion mortgage-backed securities related borrowings accounted for as a financing. + References No definition available. + Details
Name: | ocn_HMBSRelatedBorrowingsSecuritization
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing. + References No definition available. + Details
Name: | ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Loans held for investment, reverse mortgages. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgages
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount recognized in conjunction with the adoption of ASU 2016-13 on future draw commitments on home equity conversion mortgage loans. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesCumulativeEffectOfFairValueElection
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Change in fair value of loans held for investment, reverse mortgages during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesFairValueChanges
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of loans held for investment, reverse mortgages transferred to loans held for sale, fair value during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of loans held for investment, reverse mortgages originated during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesOriginations
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of loans held for investment, reverse mortgages transferred to real estate owned during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesRealEstateOwned
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of loans held for investment, reverse mortgages transferred to receivables during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesReceivablesNet
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Principal payments received on loans held for investment during the period. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesRepayments
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of securitized loans held for investment, reverse mortgages. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of un securitized loans held for investment, reverse mortgages. + References No definition available. + Details
Name: | ocn_LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration