XML 79 R69.htm IDEA: XBRL DOCUMENT
v3.23.2

Mortgage Servicing - Schedule of Activity Related to MSRs - Fair Value Measurement Method (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | $ 2,580.6 | $ 2,323.3 | $ 2,665.2 | $ 2,250.1
Sales | 0.0 | 0.0 | 0.0 | (149.4)
Recognized on the sale of residential mortgage loans | 31.5 | 60.2 | 62.6 | 106.0
Purchases | 19.1 | 36.9 | 44.0 | 83.7
Servicing transfers and adjustments | (32.5) | 14.7 | (32.5) | 13.9
Changes in fair value recognized in earnings: |  |  |  |
Changes in valuation inputs or assumptions | 136.8 | 118.3 | 53.2 | 321.8
MSR realization of expected cash flows | (59.6) | (67.6) | (116.6) | (140.4)
Total MSR fair value gains (losses) | 77.2 | 50.7 | (63.3) | 181.4
Realization of expected cash flows | (59.7) | (67.6) | (116.8) | (140.4)
Ending balance | 2,675.7 | 2,485.7 | 2,675.7 | 2,485.7
Servicing Asset at Fair Value, Period Increase (Decrease) | 77.1 | 50.7 | (63.6) | 181.4
Servicing assets at fair value, net additions (sales) recognized | 18.1 | 111.7 | 74.1 | 54.2
Derivative, Gain (Loss) on Derivative, Net | 47.4 | (13.3) | 44.0 | 18.7
MSR valuation adjustments, net | 48.9 | (22.1) | 117.9 | (57.5)
Total MSR Reserve Fair Value Gains (Losses) | 0.1 | 0.0 | 0.3 | 0.0
UPB of MSRs sold |  |  | 31.3 | 11,100.0
ESS Financing Liability |  |  |  |
Changes in fair value recognized in earnings: |  |  |  |
Servicing Liability at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions | (3.6) | 0.0 | (5.6) | 0.0
Realization of expected cash flows | (8.1) | 0.0 | (14.9) | 0.0
Total Fair value changes in Servicing liability at fair value | 4.6 | 0.0 | 9.3 | 0.0
ESS Financing Liability |  |  |  |
Changes in fair value recognized in earnings: |  |  |  |
Servicing Liability at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions | (81.0) | (40.4) | (42.8) | (97.2)
Realization of expected cash flows | 15.6 | 28.8 | 30.1 | 57.0
Total Fair value changes in Servicing liability at fair value | (65.4) | (11.7) | (12.7) | (40.2)
Derivative, Gain (Loss) on Derivative, Net | (65.2) | (16.9) | (51.1) | (83.7)
MSR Asset Vehicle LLC | ESS Financing Liability |  |  |  |
Changes in fair value recognized in earnings: |  |  |  |
Realization of expected cash flows | 8.4 | 9.5 | 17.0 | 17.9
Fair Value Agency Mortgage Servicing Rights |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | 1,896.4 | 1,664.9 | 1,931.8 | 1,571.8
Sales | 0.0 | 0.0 | 0.0 | (149.3)
Recognized on the sale of residential mortgage loans | 31.5 | 60.2 | 62.6 | 106.0
Purchases | 19.1 | 36.9 | 44.0 | 83.7
Servicing transfers and adjustments | (32.5) | 11.8 | (32.5) | 14.7
Changes in fair value recognized in earnings: |  |  |  |
Changes in valuation inputs or assumptions | 103.5 | 86.0 | 61.4 | 280.4
Realization of expected cash flows | (50.6) | (43.0) | (99.9) | (90.7)
Ending balance | 1,967.4 | 1,816.6 | 1,967.4 | 1,816.6
Servicing Asset at Fair Value, Period Increase (Decrease) | 52.9 | 43.0 | (38.5) | 189.7
Servicing assets at fair value, net additions (sales) recognized | 18.1 | 108.8 | 74.1 | 55.1
Servicing asset at fair value, amount, derecognition | (32.5) |  | (32.5) |
UPB of MSRs sold | 2,300.0 |  |  |
Fair Value Non-Agency Mortgage Servicing Rights |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | 684.2 | 658.4 | 733.5 | 678.3
Sales | 0.0 | 0.0 | 0.0 | 0.0
Recognized on the sale of residential mortgage loans | 0.0 | 0.0 | 0.0 | 0.0
Purchases | 0.0 | 0.0 | 0.0 | 0.0
Servicing transfers and adjustments | 0.0 | 2.9 | 0.0 | (0.8)
Changes in fair value recognized in earnings: |  |  |  |
Changes in valuation inputs or assumptions | 33.3 | 32.3 | (8.2) | 41.3
Realization of expected cash flows | (9.1) | (24.6) | (16.9) | (49.7)
Ending balance | 708.4 | 669.1 | 708.4 | 669.1
Servicing Asset at Fair Value, Period Increase (Decrease) | 24.2 | 7.7 | (25.1) | (8.4)
Servicing assets at fair value, net additions (sales) recognized | $ 0.0 | $ 2.9 | $ 0.0 | $ (0.8)

X
- Definition MSR realization of expected cash flows -runoff and other + References No definition available. + Details
Name: | ocn_MSRRealizationOfExpectedCashFlows
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This represents the decrease in the value of financing liability due to portfolio runoff, settlements and other. + References No definition available. + Details
Name: | ocn_RunoffSettlementsAndOtherFinancingLiability
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Servicing Asset At Fair Value, Amount, Derecognition + References No definition available. + Details
Name: | ocn_ServicingAssetAtFairValueAmountDerecognition
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Servicing assets at fair value, additions recognized from mortgage sales. + References No definition available. + Details
Name: | ocn_ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Servicing assets at fair value, net additions (sales) recognized + References No definition available. + Details
Name: | ocn_ServicingAssetsAtFairValueNetAdditionsSalesRecognized
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Servicing Liability at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions, runoff, settlement and other + References No definition available. + Details
Name: | ocn_TotalFairValueChangesInServicingLiabilityAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total MSR fair value gains (losses) + References No definition available. + Details
Name: | ocn_TotalMSRFairValueGainsLosses
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Total MSR Reserve Fair Value Gains (Losses) + References No definition available. + Details
Name: | ocn_TotalMSRReserveFairValueGainsLosses
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of decrease in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate, from sale. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Footnote 6)) -URI https://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(2) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueAdditions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_ServicingAssetAtFairValueAmountRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes in the inputs used to calculate the fair value of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Decrease in servicing assets subsequently measured at fair value resulting from conveyance of servicing rights to unrelated parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueDisposals
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase (decrease) from changes in fair value classified as other for a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(ii) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueOtherChangesInFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes classified as other for a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(5) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueOtherChangesThatAffectBalance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in the fair value of servicing assets that are subsequently measured at fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityExcessServicingSpreadMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityMortgageServicingRightsPledgedMember
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: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_FairValueAgencyMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_FairValueNonAgencyMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |