XML 73 R59.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Fair Value - Schedule of Significant Assumptions used in Valuation (Details)	Mar. 31, 2024 USD ($) year	Dec. 31, 2023 year USD ($)
Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.094	0.094
Loans Held for Investment Reverse Mortgages | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.052	0.049
Loans Held for Investment Reverse Mortgages | Minimum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.8	0.8
Loans Held for Investment Reverse Mortgages | Minimum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.116	0.120
Loans Held for Investment Reverse Mortgages | Maximum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	8.0	7.9
Loans Held for Investment Reverse Mortgages | Maximum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.355	0.354
Loans Held for Investment Reverse Mortgages | Weighted Average | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.1	5.2
Loans Held for Investment Reverse Mortgages | Weighted Average | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.175	0.172
Fair Value Agency Mortgage Servicing Rights | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.065	0.077
Fair Value Agency Mortgage Servicing Rights | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.101	0.092
Fair Value Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.013	0.013
Fair Value Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	71	71
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 | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.109	0.114
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.103	0.100
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	195	192
HMBS-Related Borrowings | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.051	0.049
HMBS-Related Borrowings | Minimum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.8	0.8
HMBS-Related Borrowings | Minimum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.116	0.120
HMBS-Related Borrowings | Maximum | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	8.0	7.9
HMBS-Related Borrowings | Maximum | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.355	0.354
HMBS-Related Borrowings | Weighted Average | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.1	5.2
HMBS-Related Borrowings | Weighted Average | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.175	0.172
Mortgage Servicing Rights Pledged | Life in years
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	4.6	4.3
Mortgage Servicing Rights Pledged | Weighted average prepayment speed
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.054	0.065
Mortgage Servicing Rights Pledged | Discount rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.106	0.096
Mortgage Servicing Rights Pledged | Weighted average lifetime delinquency rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.028	0.028
Mortgage Servicing Rights Pledged | Weighted average cost to service (in dollars)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	132	130

X

- Definition

Value of input used to measure alternative investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ 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:	srt_RangeAxis=srt_MinimumMember
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_MaximumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_WeightedAverageMember
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: