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v3.21.1

Borrowings - Schedule of Other Secured Borrowings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Line of Credit Facility [Line Items] |  |
Other secured borrowings | $ 7,337,379 | $ 7,349,433
Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A |  |
Line of Credit Facility [Line Items] |  |
Interest rate (as a percent) | 5.07% |
London Interbank Offered Rate (LIBOR) |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 0.11% | 0.14%
Secured Debt |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | $ 25,216 |
Available borrowing capacity | 0 |
Other secured borrowings | 457,354 | $ 438,566
Long-term Debt | 1,066,022 | 1,069,161
Unamortized debt issuance costs - SSTL | (764) | (5,761)
Discount - SSTL | $ 0 | $ (357)
Weighted average interest rate | 3.68% | 4.55%
Secured Debt | Senior Secured Term Loan |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | $ 0 |
Available borrowing capacity | 0 |
Other secured borrowings | 0 | $ 185,000
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 85,109 |
Available borrowing capacity | 0 |
Other secured borrowings | 189,891 | 195,773
Secured Debt | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 1,000 |
Other secured borrowings | 0 | 0
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 50,000 |
Available borrowing capacity | 38,660 |
Other secured borrowings | 161,340 | 80,081
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 50,000 |
Available borrowing capacity | 0 |
Other secured borrowings | 0 | 0
Secured Debt | Participation Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 120,000 |
Available borrowing capacity | 0 |
Other secured borrowings | 0 | 0
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 49,231 |
Other secured borrowings | 40,769 | 63,281
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 1,000 |
Other secured borrowings | 0 | 0
Secured Debt | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 35,042 |
Other secured borrowings | 14,958 | 11,715
Secured Debt | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 519 |
Available borrowing capacity | 0 |
Other secured borrowings | 99,481 | 73,134
Secured Debt | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 48,671 |
Available borrowing capacity | 0 |
Other secured borrowings | 51,329 | 27,729
Secured Debt | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 0 |
Other secured borrowings | 51,664 | 0
Secured Debt | Agency Mortgage Servicing Rights Financing Facility |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 0 |
Other secured borrowings | 250,000 | 210,755
Secured Debt | Ginnie Mae Mortgage Servicing Rights Financing Facility |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 25,216 |
Available borrowing capacity | 0 |
Long-term Debt | 99,784 | 112,022
Secured Debt | Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 0 |
Long-term Debt | 62,297 | 68,313
Secured Debt | OASIS Series 2014-1 |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 0 |
Available borrowing capacity | 0 |
Long-term Debt | 45,273 | 47,476
Secured Debt | Total Servicing Lines of Credit |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | 379,515 |
Available borrowing capacity | 124,933 |
Short term and long term debt | $ 1,066,786 | 1,075,279
Secured Debt | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 1.90% |
Interest rate at index floor rate | 0.25% |
Secured Debt | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 2.50% |
Secured Debt | London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 3.50% |
Interest rate at index floor rate | 5.25% |
Secured Debt | London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 2.50% |
Interest rate at index floor rate | 3.25% |
Secured Debt | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Interest rate at index floor rate | 2.50% |
Secured Debt | London Interbank Offered Rate (LIBOR) | Agency Mortgage Servicing Rights Financing Facility |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 4.50% |
Secured Debt | Eurodollar | Senior Secured Term Loan |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 6.00% |
Interest rate at index floor rate | 1.00% |
Secured Debt | Minimum | London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 2.50% |
Secured Debt | Minimum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 3.25% |
Secured Debt | Minimum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 1.50% |
Secured Debt | Maximum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 3.50% |
Secured Debt | Maximum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 2.00% |
Mortgage Loan Warehouse Facilities |  |
Line of Credit Facility [Line Items] |  |
Available borrowing capacity | $ 0 |
Mortgage Loan Warehouse Facilities | Total Servicing Lines of Credit |  |
Line of Credit Facility [Line Items] |  |
Interest rate (as a percent) | 4.77% |
Mortgage Loan Warehouse Facilities | Secured Debt |  |
Line of Credit Facility [Line Items] |  |
Uncommitted available borrowing capacity | $ 354,299 |
Available borrowing capacity | 124,933 |
Other secured borrowings | $ 609,432 | $ 451,713
Weighted average interest rate | 2.93% |
Mortgage Loan Warehouse Facilities | Secured Debt | London Interbank Offered Rate (LIBOR) | Mortgage Warehouse Agreement |  |
Line of Credit Facility [Line Items] |  |
Interest rate at index floor rate | 3.50% |
Mortgage Loan Warehouse Facilities | Secured Debt | London Interbank Offered Rate (LIBOR) | Ginnie Mae Mortgage Servicing Rights Financing Facility |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 4.50% |
Interest rate at index floor rate | 0.50% |
Mortgage Loan Warehouse Facilities | Secured Debt | Eurodollar |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 3.50% |
Mortgage Loan Warehouse Facilities | Secured Debt | Minimum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 2.20% |
Mortgage Loan Warehouse Facilities | Secured Debt | Maximum | London Interbank Offered Rate (LIBOR) | Master Repurchase Agreement |  |
Line of Credit Facility [Line Items] |  |
Basis spread on variable rate | 3.75% |

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