XML 88 R78.htm IDEA: XBRL DOCUMENT
v3.22.2.2

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, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Related Party Transaction [Line Items] |  |  |  |
Servicing fees | $ 81,205 | $ 76,035 | $ 246,284 | $ 234,136
MSR Pledged liability expense | 131,635 | 91,160 | 292,616 | 168,820
Rithm |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Servicing fees | 63,362 | 75,034 | 195,237 | 233,135
Less: Subservicing fee retained by Ocwen | 17,828 | 21,475 | 55,966 | 67,987
Net servicing fees remitted to Rithm | 45,534 | 53,559 | 139,271 | 165,148
Other | (3,326) | 2,968 | (2,786) | 8,313
MSR Pledged liability expense | 102,790 | 93,253 | 188,414 | 170,914
Rithm | Original Rights to Mortgage Servicing Rights Agreements |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Changes in fair value due to valuation inputs or assumptions | (71,072) | (63,762) | (102,606) | (73,706)
Runoff and settlement | 17,142 | 21,100 | 56,249 | 59,627
MSR Asset Vehicle LLC |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Servicing fees | 17,844 | 1,001 | 51,048 | 1,001
Less: Subservicing fee retained by Ocwen | 2,313 | 178 | 6,678 | 178
Net servicing fees remitted to Rithm | 15,531 | 823 | 44,370 | 823
Changes in fair value due to valuation inputs or assumptions | (19,770) | 2,433 | (83,566) | 2,433
Runoff and settlement | 6,472 | 683 | 24,384 | 683
Other | (16) | (199) | (650) | (199)
MSR Pledged liability expense | 28,845 | $ (2,094) | $ 104,202 | $ (2,094)
Fair value of MSR in excess of pledged MSR liability | $ 3,100 |  |  |

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 Fair Value Of Mortgage Servicing Rights In Excess Of Pledged Mortgage Servicing Rights Liability + References No definition available. + Details
Name: | ocn_FairValueOfMortgageServicingRightsInExcessOfPledgedMortgageServicingRightsLiability
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 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=123367319&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=123570139&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_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_CounterpartyNameAxis=ocn_MSRAssetVehicleLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |