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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net loss $ (40,178) $ (142,125) $ (70,596)
Adjustments to reconcile net loss to net cash provided by operating activities:      
MSR valuation adjustments, net 251,921 120,876 153,457
Gain on sale of MSRs, net (184) (453) (1,325)
Provision for bad debts 25,637 34,867 49,180
Depreciation 19,121 31,911 27,202
Amortization of debt issuance costs and discount 6,992 4,512 4,104
Gain on repurchase of senior secured notes 0 (5,099) 0
Provision for (reversal of) valuation allowance on deferred tax assets 27,880 32,470 (23,347)
Decrease (increase) in deferred tax assets other than provision for valuation allowance (29,254) (29,350) 20,058
Equity-based compensation expense 2,401 2,697 2,366
(Gain) loss on valuation of Pledged MSR financing liability (17,853) 152,986 (19,269)
Net gain on valuation of loans held for investment and HMBS-related borrowings (10,078) (55,869) (18,698)
Bargain purchase gain 0 381 (64,036)
Gain on loans held for sale, net (137,236) (38,300) (32,722)
Origination and purchase of loans held for sale (7,552,026) (1,488,974) (1,715,190)
Proceeds from sale and collections of loans held for sale 7,430,544 1,380,138 1,625,116
Changes in assets and liabilities:      
Decrease in advances and match funded advances 213,293 105,052 258,899
Decrease in receivables and other assets, net 114,089 126,881 144,310
Decrease in other liabilities (34,181) (72,182) (69,207)
Other, net (9,914) (8,479) 2,276
Net cash provided by operating activities 260,974 151,940 272,578
Cash flows from investing activities      
Origination of loans held for investment (1,203,645) (1,026,154) (920,476)
Principal payments received on loans held for investment 944,699 558,720 400,521
Purchase of MSRs (273,197) (145,668) (5,433)
Proceeds from sale of MSRs 248 4,984 7,276
Acquisition of advances in connection with the purchase of MSRs (14) (1,457)  
Proceeds from sale of advances and match funded advances 809 14,186 33,792
Proceeds from sale of real estate 7,525 7,548 9,546
Additions to premises and equipment (4,110) (1,954) (9,016)
Net cash acquired in the acquisition of PHH 0 0 64,692
Restricted cash acquired in the acquisition of PHH 0 0 38,813
Issuance of automotive dealer financing notes 0 0 (19,642)
Collections of automotive dealer financing notes 0 0 52,598
Other, net (190) 2,357 2,464
Net cash used in investing activities (527,875) (587,438) (344,865)
Cash flows from financing activities      
Repayment of match funded liabilities, net (97,821) (99,175) (220,334)
Repayment of other financing liabilities (101,771) (218,783) (219,999)
Proceeds from (repayments of) mortgage loan warehouse facilities, net 119,489 176,511 (128,036)
Proceeds from MSR financing facilities 369,024 343,641 162,617
Repayment of MSR financing facilities (300,553) (39,420) (173,969)
Repayment and repurchase of senior notes 0 (131,791) (18,482)
Proceeds from issuance of additional senior secured term loan (SSTL)   119,100  
Repayment of SSTL borrowing (141,067) (25,433) (66,750)
Payment of debt issuance costs (7,701) (2,813)  
Proceeds from sale of MSRs accounted for as a financing 0 0 279,586
Proceeds from sale of Home Equity Conversion Mortgages (HECM, or reverse mortgages) accounted for as a financing (HMBS-related borrowings) 1,232,641 962,113 948,917
Repayment of HMBS-related borrowings (935,778) (549,600) (391,985)
Repurchase of common stock (4,605) 0 0
Capital distribution to non-controlling interest 0 0 (822)
Purchase of non-controlling interest 0 0 (1,188)
Other, net (32) (3,522) (2,818)
Net cash provided by financing activities 131,826 530,828 166,737
Net increase (decrease) in cash, cash equivalents and restricted cash (135,075) 95,330 94,450
Cash, cash equivalents and restricted cash at beginning of year 492,340 397,010 302,560
Cash, cash equivalents and restricted cash at end of year 357,265 492,340 397,010
Supplemental cash flow information      
Interest paid 97,023 111,144 100,165
Income tax payments (refunds), net (43,469) 4,075 10,957
Supplemental non-cash investing and financing activities      
Initial consolidation (subsequent deconsolidation) of mortgage-backed securitization trusts (VIEs) - Loans held for investments (10,715) 0 28,373
Initial consolidation (subsequent deconsolidation) of mortgage-backed securitization trusts (VIEs) - Other financing liabilities (9,519) 0 26,643
Derecognition of MSRs (263,664) 0 0
Derecognition of financing liabilities: (263,664) 0 0
Recognition of future draw commitments for HECM loans at fair value upon adoption of FASB ASU No. 2016-13 47,038 0 0
Transfers from loans held for investment to loans held for sale 3,084 1,892 1,038
Transfers of loans held for sale to real estate owned (REO) 3,657 6,636 4,241
Issuance of common stock in connection with litigation settlement 0 0 5,719
Right-of-use asset 3,724 66,231 0
Lease liability 2,902 66,247 0
Supplemental Cash Flow Information      
Fair value of assets acquired 0 262 1,192,155
Fair value of liabilities assumed 0 643 769,723
Total identifiable net assets acquired 0 (381) 422,432
Bargain purchase gain 0 (381) 64,036
Total consideration 0 0 358,396
Less: Cash consideration paid by PHH 0 0 (325,000)
Cash consideration paid by Ocwen 0 0 33,396
Cash acquired from PHH 0 0 98,088
Net cash acquired in the acquisition of PHH 0 0 64,692
Restricted cash and equivalents:      
Cash and cash equivalents 284,802 428,339 329,132
Debt service accounts 20,141 23,276 26,626
Other restricted cash 52,322 40,725 41,252
Fair Value Election For Assets Previously Using Amortization Method      
Supplemental non-cash investing and financing activities      
Recognition of future draw commitments for HECM loans at fair value upon adoption of FASB ASU No. 2016-13 $ 0 $ 0 $ 82,043