XML 130 R106.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Borrowings - Narrative (Details) - USD ($) $ in Millions |  | 12 Months Ended |
--- | --- | --- | ---
Nov. 06, 2024 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Mar. 04, 2021
Line of Credit Facility [Line Items] |  |  |  |  |
Covenant liquidity requirement |  | $ 128.4 |  |  |
Senior Notes |  | 487.4 | $ 595.8 |  |
Debt Instrument, Redemption, Period Four |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Redemption Price | 109.875% |  |  |  |
Senior Notes |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Long-term debt, gross |  | 500.0 | 645.0 |  |
Minimum |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt covenant, required consolidated tangible net worth |  | 300.0 |  |  |
Covenant liquidity requirement |  | 75.0 |  |  |
7.875% Senior Notes, Due 2026 |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt instrument stated percentage of interest (percentage) |  |  |  |  | 7.875%
Loss on extinguishment of debt |  | 4.1 | 1.3 | $ 0.9 |
Debt instrument, repurchased amount |  | 70.9 | 15.0 | $ 25.0 |
7.875% Senior Notes, Due 2026 | Secured Debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Long-term debt, gross |  | 0.0 | 360.0 |  |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net |  | 0.0 | (3.9) |  |
12% Paid in Cash or 13.25% Paid in Kind Senior Notes, Due 2027 | Secured Debt |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Long-term debt, gross |  | 0.0 | 285.0 |  |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net |  | 0.0 | (45.3) |  |
PMC Senior Secured Notes | Minimum |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt covenant, required consolidated tangible net worth |  | $ 275.0 |  |  |
Senior Notes Due 2029 |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt instrument stated percentage of interest (percentage) | 9.875% |  |  |  |
Senior Notes Due 2029 | Senior Notes |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt instrument stated percentage of interest (percentage) | 9.875% | 9.875% |  |  |
Long-term debt, gross | $ 500.0 | $ 500.0 | 0.0 |  |
Debt Instrument, Issued As A Percent Of Principal | 99.556% |  |  |  |
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed | 40.00% |  |  |  |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net |  | $ (12.6) | $ 0.0 |  |
PMC Senior Secured Notes Due 2026 |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt instrument stated percentage of interest (percentage) | 7.875% |  |  |  |
Loss on extinguishment of debt | $ 53.4 |  |  |  |
Redemption Price | 101.969% |  |  |  |
Debt instrument, repurchased amount | $ 289.1 |  |  |  |
Debt Instrument, Fee Amount | 5.0 |  |  |  |
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | 36.8 |  |  |  |
Debt Instrument, Payment Of Make-Whole Redemption Premium | $ 11.6 |  |  |  |
OFC Senior Secured Notes Due 2027 |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |
Debt instrument stated percentage of interest (percentage) | 12.00% |  |  |  |
Redemption Price | 102.50% |  |  |  |
Debt instrument, repurchased amount | $ 285.0 |  |  |  |

X
- Definition Represents the amount of consolidated tangible net worth requirement as part of the most restrictive covenant requirement. + References No definition available. + Details
Name: | ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Covenant Compliance, Liquidity Requirement + References No definition available. + Details
Name: | ocn_DebtInstrumentCovenantComplianceLiquidityRequirement
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt Instrument, Issued As A Percent Of Principal + References No definition available. + Details
Name: | ocn_DebtInstrumentIssuedAsAPercentOfPrincipal
Namespace Prefix: | ocn_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Payment Of Make-Whole Redemption Premium + References No definition available. + Details
Name: | ocn_DebtInstrumentPaymentOfMakeWholeRedemptionPremium
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of the fee that accompanies borrowing money under the debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of principal amount of debt redeemed. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of the original debt instrument that was repurchased. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRepurchasedFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of unamortized debt discount (premium) and debt issuance costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481303/470-50-40-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481303/470-50-40-4 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_SeniorNotes
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
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_DebtInstrumentAxis=ocn_SevenPointEightSevenFivePercentSeniorNotesDueTwoThousandTwentySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_TwelvePercentPaidInCashOrThirteenPointTwoFivePercentPaidInKindSeniorNotesDueTwoThousandTwentySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_PMCSeniorSecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_SeniorNotesDue2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_PMCSeniorSecuredNotesDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=ocn_OFCSeniorSecuredNotesDue2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |