XML 106 R92.htm IDEA: XBRL DOCUMENT v3.21.2
Borrowings - Schedule of Mortgage Loan Warehouse, MSR Financing Facilities and SSTL (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Line of Credit Facility [Line Items]        
Other secured borrowings   $ 7,368,162 $ 7,349,433  
Unamortized debt issuance costs   $ (600)    
Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A        
Line of Credit Facility [Line Items]        
Interest rate (as a percent)   5.07%    
Agency MSR Financing Facility Term Loan        
Line of Credit Facility [Line Items]        
Unamortized debt issuance costs       $ (700)
London Interbank Offered Rate (LIBOR)        
Line of Credit Facility [Line Items]        
Basis spread on variable rate   0.10% 0.14%  
London Interbank Offered Rate (LIBOR) | Agency Mortgage Servicing Rights Financing Facility        
Line of Credit Facility [Line Items]        
Basis spread on variable rate 3.25%      
Secured Debt        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   $ 4,345    
Available borrowing capacity   50,262    
Other secured borrowings   1,013,859 $ 438,566  
Long-term Debt   1,012,478 437,672  
Unamortized debt issuance costs   (1,381) (894)  
Discount - SSTL   0 (357)  
Secured Debt | Senior Secured Term Loan        
Line of Credit Facility [Line Items]        
Other secured borrowings   0 185,000  
Long-term Debt   0 179,776  
Unamortized debt issuance costs   0 (4,867)  
Secured Debt | Master Repurchase Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   99,250    
Available borrowing capacity   0    
Other secured borrowings   175,750 195,773  
Secured Debt | Master Repurchase Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   50,000    
Available borrowing capacity   69,021    
Other secured borrowings   130,979 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   71,740    
Available borrowing capacity   0    
Other secured borrowings   78,260 0  
Secured Debt | Master Repurchase Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   0    
Available borrowing capacity   100,000    
Other secured borrowings   0 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   50,000    
Other secured borrowings   0 11,715  
Secured Debt | Mortgage Warehouse Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   28,508    
Available borrowing capacity   0    
Other secured borrowings   121,492 73,134  
Secured Debt | Mortgage Warehouse Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   37,425    
Available borrowing capacity   0    
Other secured borrowings   112,575 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   154,296 0  
Secured Debt | Loan and Security Agreement        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   0    
Available borrowing capacity   30,000    
Other secured borrowings   0 0  
Secured Debt | Agency Mortgage Servicing Rights Financing Facility        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   0    
Available borrowing capacity   42,333    
Other secured borrowings   382,667 210,755  
Secured Debt | Ginnie Mae Mortgage Servicing Rights Financing Facility        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   4,345    
Available borrowing capacity   0    
Long-term Debt   120,655 112,022  
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   55,116 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   43,350 47,476  
Secured Debt | Agency MSR Financing Facility Revolving Loan        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   0    
Available borrowing capacity   7,929    
Long-term Debt   $ 277,071 0  
Basis spread on variable rate   2.50%    
Secured Debt | Agency MSR Financing Facility Term Loan        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   $ 0    
Available borrowing capacity   0    
Long-term Debt   $ 135,000 0  
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   3.25%    
Secured Debt | Secured Overnight Financing Rate (SOFR) | 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 | 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) | 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   $ 13,300    
Mortgage Loan Warehouse Facilities | Total Servicing Lines of Credit        
Line of Credit Facility [Line Items]        
Interest rate (as a percent)   3.37%    
Mortgage Loan Warehouse Facilities | Secured Debt        
Line of Credit Facility [Line Items]        
Uncommitted available borrowing capacity   $ 336,923    
Available borrowing capacity   250,021    
Other secured borrowings   $ 773,352 $ 451,713  
Weighted average interest rate   2.98%    
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 | 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%