XML 93 R78.htm IDEA: XBRL DOCUMENT
v3.22.4

Loans Held for Sale - Summary of Activity in Gain on Loans Held for Sale, Net (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gain (loss) on sales of loans, net | $ (53.4) | $ 153.3 | $ 130.1
Change in fair value of IRLCs | (17.4) | (6.2) | 17.5
Change in fair value of loans held for sale | (5.9) | 1.9 | 2.3
Gain (loss) on economic hedge instruments | 101.7 | 1.5 | (10.1)
Other | (3.0) | (4.7) | (2.6)
Gain on loans held for sale, net | 22.0 | 145.8 | 137.2
Intersegment Eliminations |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gain on loans held for sale, net | (15.7) | (25.3) | 17.4
Gains on derivatives | (15.7) | (25.3) |
Intersegment Eliminations | Economic Hedge |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gains on derivatives | 15.7 | 25.3 | (17.4)
MSRs Retained on Transfers of Forward Loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gain (loss) on sales of loans, net | 234.7 | 222.7 | 68.7
Forward Mortgage Loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gain (loss) on sales of loans, net | (278.0) | (87.8) | 45.5
Financing Receivable, Amount Purchased with Credit Deterioration, Gain (Loss) on Loan |  | 27.1 |
Repurchased Ginnie Mae Loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gain (loss) on sales of loans, net | (10.1) | $ 18.4 | $ 15.9
Financing Receivable, Amount Purchased with Credit Deterioration, Gain (Loss) on Loan | 8.8 |  |
mpaired Financing Receivable, Unpaid Principal Balance, Net Of MSR Fair Value Adjustments | $ 299.7 |  |

X
- Definition The increase (decrease) during the reporting period in the fair value of mortgage loans that are held with the intention to sell or be securitized in the near future. + References No definition available. + Details
Name: | ocn_ChangeInFairValueOfMortgageLoansHeldForSale
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Financing Receivable, Amount Purchased with Credit Deterioration, Gain (Loss) on Loan + References No definition available. + Details
Name: | ocn_FinancingReceivableAmountPurchasedWithCreditDeteriorationGainLossOnLoan
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the net increase or decrease in the fair value of the interest rate derivative or group of derivatives. + References No definition available. + Details
Name: | ocn_GainLossOnInterestRateDerivativeInstruments
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Gain On Sale Of Loans Including Value Assigned To MSRs Retained + References No definition available. + Details
Name: | ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition mpaired Financing Receivable, Unpaid Principal Balance, Net Of MSR Fair Value Adjustments + References No definition available. + Details
Name: | ocn_MpairedFinancingReceivableUnpaidPrincipalBalanceNetOfMSRFairValueAdjustments
Namespace Prefix: | ocn_
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_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unrealized and realized gain (loss) on investment in debt and equity securities. + 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(9)(a)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 2: 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(7)(c)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
Name: | us-gaap_DebtAndEquitySecuritiesGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
Name: | us-gaap_DerivativeGainOnDerivative
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(h)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.3(a)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_GainLossOnSalesOfLoansNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14(d)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
Name: | us-gaap_GainsLossesOnSalesOfOtherRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 + Details
Name: | us-gaap_UnrealizedGainLossOnDerivatives
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ocn_MortgageServicingRightsRetainedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ocn_ForwardMortgageLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ocn_RepurchasedGinnieMaeLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |