XML 92 R80.htm IDEA: XBRL DOCUMENT v3.21.2

MSR Transfers Not Qualifying for Sale Accounting – Schedule of Results of Operations in Connection With MSR Transfer Agreements that Do Not Qualify for Sale Accounting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Related Party Transaction [Line Items]
Servicing fees collected on behalf of MAV	$ 76,035	$ 91,015	$ 234,136	$ 299,089
MSR Pledged liability expense	91,160	57,404	168,820	105,684
PMC MSR Agreements
Related Party Transaction [Line Items]
Changes in fair value	0	0	0	40,720
Runoff and settlement	0	0	0	7,492
New Residential Investment Corp
Related Party Transaction [Line Items]
Servicing fees collected on behalf of MAV	75,034	91,015	233,135	299,089
MSR Pledged liability expense	93,253	57,404	170,914	105,684
Less: Subservicing fee retained by Ocwen	21,475	25,674	67,987	80,529
Net servicing fees remitted	53,559	65,341	165,148	218,560
Changes in fair value	(63,762)	(12,202)	(73,706)	13,736
Runoff and settlement	21,100	17,451	59,627	91,763
Other	2,968	2,688	8,313	7,377
New Residential Investment Corp | Original Rights to MSRs Agreements
Related Party Transaction [Line Items]
Changes in fair value	(63,762)	(12,202)	(73,706)	(26,081)
Runoff and settlement	21,100	17,451	59,627	49,150
New Residential Investment Corp | 2017 Agreements and New RMSR Agreements
Related Party Transaction [Line Items]
Changes in fair value	0	0	0	(903)
Runoff and settlement	0	0	0	35,121
MSR Asset Vehicle LLC
Related Party Transaction [Line Items]
Servicing fees collected on behalf of MAV	1,001	0	1,001	0
MSR Pledged liability expense	2,094	$ 0	2,094	$ 0
Less: Subservicing fee retained by Ocwen	178		178
Net servicing fees remitted	823		823
Changes in fair value	2,433		2,433
Runoff and settlement	683		683
Less: Reduction (increase) in financing liability	3,116		3,116
Other	$ (199)		$ (199)

X

- Definition

Bank Servicing Fees, Remitted

+ References

No definition available.

+ Details

Name:	ocn_BankServicingFeesRemitted
Namespace Prefix:	ocn_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Bank Servicing Fees Retained

+ References

No definition available.

+ Details

Name:	ocn_BankServicingFeesRetained
Namespace Prefix:	ocn_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Financing Interest Expense (Income), Other

+ References

No definition available.

+ Details

Name:	ocn_FinancingInterestExpenseIncomeOther
Namespace Prefix:	ocn_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Increase decrease in financing liability.

+ References

No definition available.

+ Details

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

X

- Definition

This represents the increase (decrease) in the valuation which is realized on a transfer, accounted for as financing, of a portion of servicing assets and reflects the amount of sales proceeds in excess of the sum of the carrying amounts of transferred financial assets.

+ References

No definition available.

+ Details

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

X

- Definition

Reduction in financing liability and interest expense.

+ References

No definition available.

+ Details

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

X

- Definition

This element represents interest incurred for borrowed money which was used to produce goods or render services.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Name:	us-gaap_FinancingInterestExpense
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585

+ Details

Name:	us-gaap_ProceedsFromCollectionOfLoansReceivable
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

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

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_MortgageServicingRightsAgreementsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_CounterpartyNameAxis=ocn_NewResidentialInvestmentCorpMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_OriginalRightstoMortgageServicingRightsAgreementsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=ocn_TwoThousandSeventeenAgreementsandNewRMSRAgreementsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_CounterpartyNameAxis=ocn_MSRAssetVehicleLLCMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: