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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Servicing and subservicing fees $ 781,941 $ 737,320 $ 975,507
Reverse mortgage revenue, net 79,676 60,726 86,309
Gain on loans held for sale, net 145,755 137,236 38,300
Other revenue, net 42,727 25,630 23,259
Total revenue 1,050,099 960,912 1,123,375
MSR valuation adjustments, net (109,900) (251,921) (120,876)
Operating expenses      
Compensation and benefits 297,947 265,295 313,508
Servicing and origination 113,627 77,265 109,007
Professional services 81,890 106,872 102,638
Technology and communications 56,021 59,592 79,166
Occupancy and equipment 36,536 47,503 68,146
Other expenses 23,306 19,177 1,474
Total operating expenses 609,327 575,704 673,939
Other income (expense)      
Interest income 26,374 15,999 17,104
Interest expense ($31,656, $0 and $0 due to related parties) (143,968) (109,367) (114,129)
Pledged MSR liability expense ($4,675, $0 and $0 due to related party) (209,901) (152,334) (372,089)
Gain (loss) on extinguishment of debt (15,458) 0 5,099
Earnings of equity method investee 3,620 0 0
Other, net 4,090 6,731 8,964
Total other income (expense), net (335,243) (238,971) (455,051)
Income (loss) before income taxes (4,371) (105,684) (126,491)
Income tax expense (benefit) (22,449) (65,506) 15,634
Net income (loss) $ 18,078 $ (40,178) $ (142,125)
Earnings (loss) per share attributable to Ocwen stockholders - Basic and Diluted      
Basic $ 2.00 $ (4.59) $ (15.86)
Diluted $ 1.93 $ (4.59) $ (15.86)
Weighted average common shares outstanding      
Basic (in shares) 9,021,975 8,748,725 8,962,961
Diluted (in shares) 9,382,467 8,748,725 8,962,961