XML 91 R65.htm IDEA: XBRL DOCUMENT v3.21.1

Reverse Mortgages - Schedule of Loans Held For Investment and HMBS Related Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Receivables [Abstract]
Loans held for investment - reverse mortgages, beginning balance	$ 6,997,127	$ 6,269,596
Cumulative effect of fair value election		47,038
Originations	326,735	294,932
Repayments (principal payments received)	(314,153)	(175,095)
Loans held for sale, at fair value	(901)	(578)
Receivables, net	(116)	(129)
REO (Other assets)	(111)	(265)
Change in fair value	35,793	133,322
Securitized loans (pledged to HMBS-Related Borrowings)	6,874,880	6,438,810
Un-securitized loans	169,494	130,011
Loans held for investment, reverse mortgages, ending balance	7,044,374	6,568,821
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value	(6,772,711)	(6,063,434)
Securitization of HECM loans accounted for as a financing	(287,830)	(312,249)
Additional proceeds from securitization of HECM loans and tails	(12,565)	(8,414)
Repayments (principal payments received)	311,562	172,429
Change in fair value	(16,651)	(111,423)
Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value	(6,778,195)	(6,323,091)
Securitized loans (pledged to HMBS-Related Borrowings)	$ (6,778,195)	$ (6,323,091)

X

- Definition

Amounts related to additional proceeds from securitization of loans and tails of home equity conversion mortgage-backed securities related borrowings accounted for as a financing.

+ References

No definition available.

+ Details

Name:	ocn_HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails
Namespace Prefix:	ocn_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

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

This is the principal amount outstanding for securitized loans only (across all types of loans).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719

+ Details

Name:	us-gaap_PrincipalAmountOutstandingOnLoansSecuritized
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration