XML 117 R93.htm IDEA: XBRL DOCUMENT
v3.25.0.1

MSR Valuation Allowance, Net (Details) - USD ($) $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Servicing Asset at Fair Value, Amount | $ 2,466.3 | $ 2,272.2 | $ 2,665.2 | $ 2,250.1
Other financing liabilities, at fair value ($322.7 and $409.2 due to related party) ($0.0 and $5.6 related to VIEs) | 846.9 | 900.0 |  |
Total MSR Reserve Fair Value Gains (Losses) | (5.0) | 231.7 | (178.5) |
Derivative, Gain (Loss) on Derivative, Net | 82.5 | 8.2 | 23.5 |
MSR valuation adjustments, net | (96.2) | (232.2) | (10.4) |
MSR |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Servicing Asset at Fair Value, Amount | 2,466.3 | 2,272.2 |  |
Total MSR Reserve Fair Value Gains (Losses) | 5.0 | (230.8) | 176.4 |
Servicing Asset at Fair Value, Change In Fair Value Due To Realization Of Expected Cash Flows | (156.6) | (143.6) | (164.5) |
Asset at Fair Value, Changes in Fair Value Resulting from Changes in Assumptions | 60.5 | (88.6) | 154.1 |
Derivative Fair Value Gain (Loss) MSR Hedge |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Derivative, Gain (Loss) on Derivative, Net | (112.9) | (33.1) | (106.9) |
Financing Liability Excess Servicing Spread |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Other financing liabilities, at fair value ($322.7 and $409.2 due to related party) ($0.0 and $5.6 related to VIEs) | 263.3 | 248.9 |  |
ESS Financing Liability |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Financing Liability At Fair Value | 583.5 | 645.5 | 931.7 | $ 797.1
Total Fair value changes in Servicing liability at fair value | 2.4 | 12.9 | (88.0) |
Pledged MSR Liabilities |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Servicing Asset at Fair Value, Period Increase (Decrease) | (2.4) | (12.9) | 88.0 |
ESS Financing Liabilities |  |  |  |
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items] |  |  |  |
Total Fair value changes in Servicing liability at fair value | $ 9.3 | $ 18.9 | $ 8.0 |

X
- Definition Fair Value Change Of Pledged MSR Liability + References No definition available. + Details
Name: | ocn_FairValueChangeOfPledgedMSRLiability
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This represents the amount of liability arose in connection with sales proceeds received in 2012 and 2013 as part of the Rights to MSRs transactions with NRZ/HLSS and has no contractual maturity or repayment schedule. The balance of the liability is adjusted each reporting period to its fair value based on the present value of the estimated future cash flows underlying the related MSRs. + References No definition available. + Details
Name: | ocn_FinancingLiabilityAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Other financing liabilities. + References No definition available. + Details
Name: | ocn_OtherFinancingLiabilities
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Servicing Asset at Fair Value, Change In Fair Value Due To Realization Of Expected Cash Flows + References No definition available. + Details
Name: | ocn_ServicingAssetAtFairValueChangeInFairValueDueToRealizationOfExpectedCashFlows
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 Amount of increase (decrease) in fair value from changes in the assumptions or model used to calculate the fair value of a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References No definition available. + Details
Name: | us-gaap_AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
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 No definition available. + Details
Name: | us-gaap_SecuritizedAssetsAndAnyOtherFinancialAssetsManagedTogetherLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481260/860-50-45-2 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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 -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-3 + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
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 -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-3 + Details
Name: | us-gaap_ServicingAssetAtFairValuePeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

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

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

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: | us-gaap_FairValueByLiabilityClassAxis=ocn_PledgedMSRLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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