XML 106 R94.htm IDEA: XBRL DOCUMENT
v3.21.2

Borrowings - Narrative (Details) - USD ($) $ in Thousands |  |  | 9 Months Ended |
--- | --- | --- | --- | ---
May 03, 2021 | Mar. 04, 2021 | Sep. 30, 2021 | Dec. 31, 2020
Debt Instrument [Line Items] |  |  |  |
Senior notes, net |  |  | $ 612,658 | $ 311,898
Interest rate (as a percent) |  |  | 3.25% |
Covenant compliance, consolidated tangible net worth at period end |  |  | $ 275,000 |
Oaktree |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Discount | $ 10,500 |  |  |
6.375% Senior Notes, Due 2021 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Redemption price |  | 100.00% |  |
8.375% Senior Secured Notes Due In 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Redemption price |  | 102.094% |  |
Loss on debt extinguishment |  | $ 7,100 |  |
7.875% Senior Notes, Due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Redemption price |  | 7.875% |  |
7.875% Senior Notes, Due 2026 | Prior to March 15, 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Redemption price |  |  | 100.00% |
Percentage of premium on outstanding principal amount |  |  | 1.00% |
7.875% Senior Notes, Due 2026 | On or Prior to March 15, 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Redemption price |  |  | 107.875% |
Redemption price, percentage of principal amount |  |  | 35.00% |
12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate (as a percent) |  |  | 12.00% |
Minimum unrestricted cash |  |  | $ 50,000 |
Covenant compliance, consolidated tangible net worth at period end |  |  | 275,000 |
Proceeds from issuance of senior secured notes | 68,000 | $ 158,500 |  |
Discount |  | 24,500 |  |
Senior Notes |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Senior notes, net |  |  | 685,000 | 313,052
Discount |  |  | 57,482 | 0
Senior Notes | 7.875% Senior Notes, Due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Discount |  | 2,100 | 1,844 | 0
Senior Notes | 12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Discount |  |  | 55,638 | 0
Secured Debt | 8.375% Senior Secured Notes Due In 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Senior notes, net |  |  | $ 0 | 291,509
Interest rate (as a percent) |  |  | 8.375% |
Secured Debt | 7.875% Senior Notes, Due 2026 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Senior notes, net |  | 400,000 | $ 400,000 | 0
Interest rate (as a percent) |  |  | 7.875% |
Secured Debt | 12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Senior notes, net | $ 85,500 | 199,500 | $ 285,000 | $ 0
Secured Debt | 12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 | Prior to March 4, 2022 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate (as a percent) |  |  | 7.00% |
Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Restrictive liquidity requirements |  |  | $ 125,000 |
Minimum | 7.875% Senior Notes, Due 2026 | On or Prior to March 15, 2023 |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Percentage of principal amount outstanding post redemption |  |  | 65.00% |
Senior Secured Term Loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Loss on debt extinguishment |  | $ 8,400 |  |

X
- Definition Represents the amount of consolidated tangible net worth requirement as part of the most restrictive covenant requirement. + References No definition available. + Details
Name: | ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Covenant Compliance, Liquidity Requirement + References No definition available. + Details
Name: | ocn_DebtInstrumentCovenantComplianceLiquidityRequirement
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt Instrument, Covenant Terms, Minimum Unrestricted Cash + References No definition available. + Details
Name: | ocn_DebtInstrumentCovenantTermsMinimumUnrestrictedCash
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Percentage of premium on outstanding principal amount. + References No definition available. + Details
Name: | ocn_PercentageOfPremiumOnOutstandingPrincipalAmount
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of principal amount outstanding post redemption. + References No definition available. + Details
Name: | ocn_PercentageOfPrincipalAmountOutstandingPostRedemption
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph e -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of principal amount of debt redeemed. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt discount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Gross amount of debt extinguished. + References No definition available. + Details
Name: | us-gaap_ExtinguishmentOfDebtAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_SeniorNotes
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | srt_CounterpartyNameAxis=ocn_OaktreeCapitalManagementLPAndAffiliatesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SixPointThreeSevenFivePercentSeniorNotesDueTwoThousandTwentyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SevenPointEightSevenFivePercentSeniorNotesDueTwoThousandTwentySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=ocn_DebtInstrumentRedemptionPeriodSixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_TwelvePercentPaidInCashOrThirteenPointTwoFivePercentPaidInKindSeniorNotesDueTwoThousandTwentySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=ocn_DebtInstrumentRedemptionPeriodSevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=ocn_SeniorSecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |