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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Servicing and subservicing fees $ 737,320 $ 975,507 $ 937,083
Gain on loans held for sale, net 137,236 38,300 37,336
Reverse mortgage revenue, net 60,726 86,309 60,237
Other revenue, net 25,630 23,259 28,389
Total revenue 960,912 1,123,375 1,063,045
MSR valuation adjustments, net (251,921) (120,876) (153,457)
Operating expenses      
Compensation and benefits 265,295 313,508 298,036
Servicing and origination 77,265 109,007 131,297
Professional services 106,872 102,638 165,554
Technology and communications 59,592 79,166 98,241
Occupancy and equipment 47,503 68,146 59,631
Other expenses 19,177 1,474 26,280
Total operating expenses 575,704 673,939 779,039
Other income (expense)      
Interest income 15,999 17,104 14,026
Interest expense (109,367) (114,129) (103,371)
Pledged MSR liability expense (152,334) (372,089) (171,670)
Gain on repurchase of senior secured notes 0 5,099 0
Bargain purchase gain 0 (381) 64,036
Other, net 6,731 9,345 (5,046)
Total other expense, net (238,971) (455,051) (202,025)
Loss from continuing operations before income taxes (105,684) (126,491) (71,476)
Income tax expense (benefit) (65,506) 15,634 529
Loss from continuing operations, net of tax (40,178) (142,125) (72,005)
Income from discontinued operations, net of tax 0 0 1,409
Net loss (40,178) (142,125) (70,596)
Net income attributable to non-controlling interests 0 0 (176)
Net loss attributable to Ocwen stockholders $ (40,178) $ (142,125) $ (70,772)
Earnings (loss) per share attributable to Ocwen stockholders - Basic and Diluted      
Continuing operations (USD per share) $ (4.59) $ (15.86) $ (8.10)
Discontinued operations (USD per share) 0 0 0.16
Earnings per share, basic and diluted (USD per share) $ (4.59) $ (15.86) $ (7.94)
Weighted average common shares outstanding      
Basic (in shares) 8,748,725 8,962,961 8,913,558
Diluted (in shares) 8,748,725 8,962,961 8,913,558