XML 69 R59.htm IDEA: XBRL DOCUMENT v3.23.2

Fair Value - Schedule of Significant Assumptions used in Valuation (Details)	Jun. 30, 2023 year USD ($)	Dec. 31, 2022 year USD ($)
Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.094	0.076
Loans Held for Investment Reverse Mortgages | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.2	5.0
Loans Held for Investment Reverse Mortgages | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.173	0.180
Loans Held for Investment Reverse Mortgages | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.052	0.051
Loans Held for Investment Reverse Mortgages | Minimum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.9	1.0
Loans Held for Investment Reverse Mortgages | Minimum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.119	0.132
Loans Held for Investment Reverse Mortgages | Maximum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	7.8	7.6
Loans Held for Investment Reverse Mortgages | Maximum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.406	0.450
Fair Value Agency Mortgage Servicing Rights | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.071	0.069
Fair Value Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.011	0.014
Fair Value Agency Mortgage Servicing Rights | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.096	0.096
Fair Value Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	71	72
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.079	0.079
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.103	0.101
Fair Value Non-Agency Mortgage Servicing Rights | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.106	0.106
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	202	201
HMBS-Related Borrowings | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.2	5.0
HMBS-Related Borrowings | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.173	0.180
HMBS-Related Borrowings | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.052	0.050
HMBS-Related Borrowings | Minimum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.9	1.0
HMBS-Related Borrowings | Minimum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.119	0.132
HMBS-Related Borrowings | Maximum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	7.8	7.6
HMBS-Related Borrowings | Maximum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.406	0.450
Mortgage Servicing Rights Pledged | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	4.5	5.6
Mortgage Servicing Rights Pledged | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.072	0.076
Mortgage Servicing Rights Pledged | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.067	0.071
Mortgage Servicing Rights Pledged | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.102	0.102
Mortgage Servicing Rights Pledged | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	166	174

X

- Definition

Value of input used to measure alternative investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_AlternativeInvestmentMeasurementInput
Namespace Prefix:	us-gaap_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

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

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_LoansHeldforInvestmentReverseMortgagesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputExpectedTermMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MaximumMember
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_MeasurementInputTypeAxis=us-gaap_MeasurementInputDefaultRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=ocn_MeasurementInputWeightedAverageCostToServiceMember
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:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_HMBSRelatedBorrowingsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_MortgageServicingRightsPledgedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: