2016 Q4 Form 10-Q Financial Statement
#000162828016020334 Filed on October 27, 2016
Income Statement
| Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
|---|---|---|---|
| Revenue | $323.9M | $359.4M | $404.9M |
| YoY Change | -10.64% | -11.24% | -21.17% |
| Cost Of Revenue | $30.60M | $63.60M | $101.5M |
| YoY Change | -65.5% | -37.34% | 104.23% |
| Gross Profit | $293.3M | $295.9M | $303.4M |
| YoY Change | 7.12% | -2.47% | -34.61% |
| Gross Profit Margin | 90.55% | 82.32% | 74.92% |
| Selling, General & Admin | $184.3M | $201.1M | $233.3M |
| YoY Change | -26.4% | -13.8% | -29.2% |
| % of Gross Profit | 62.84% | 67.96% | 76.9% |
| Research & Development | $25.94M | $37.18M | |
| YoY Change | -30.23% | -15.99% | |
| % of Gross Profit | 8.77% | 12.26% | |
| Depreciation & Amortization | $7.000M | $6.429M | $5.046M |
| YoY Change | -58.08% | 27.41% | -12.33% |
| % of Gross Profit | 2.39% | 2.17% | 1.66% |
| Operating Expenses | $207.3M | $25.94M | $37.18M |
| YoY Change | -23.53% | -30.23% | -91.83% |
| Operating Profit | $86.00M | $270.0M | $266.2M |
| YoY Change | 3085.19% | 1.41% | 353.84% |
| Interest Expense | -$99.90M | $111.0M | $118.3M |
| YoY Change | -15.2% | -6.21% | -11.08% |
| % of Operating Profit | -116.16% | 41.1% | 44.44% |
| Other Income/Expense, Net | -$96.21M | -$85.41M | -$73.14M |
| YoY Change | -27.05% | 16.77% | -44.14% |
| Pretax Income | -$10.20M | $2.364M | -$55.92M |
| YoY Change | -92.11% | -104.23% | -22.62% |
| Income Tax | $228.0K | -$7.110M | $10.83M |
| % Of Pretax Income | -300.76% | ||
| Net Earnings | -$10.43M | $9.391M | -$66.87M |
| YoY Change | -95.35% | -114.04% | -11.29% |
| Net Earnings / Revenue | -3.22% | 2.61% | -16.51% |
| Basic Earnings Per Share | -$0.08 | $0.08 | -$0.53 |
| Diluted Earnings Per Share | -$0.08 | $0.08 | -$0.53 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 124.0M shares | 124.0M shares | 125.4M shares |
| Diluted Shares Outstanding | 124.1M shares | 125.4M shares |
Balance Sheet
| Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $257.0M | $264.0M | $459.0M |
| YoY Change | 0.0% | -42.48% | 53.51% |
| Cash & Equivalents | $256.5M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $40.00M | $73.00M | $122.0M |
| YoY Change | -60.4% | -40.16% | 79.41% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $266.0M | $280.0M | $362.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $563.0M | $617.0M | $943.0M |
| YoY Change | -12.71% | -34.57% | 53.83% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $62.74M | $62.70M | $44.89M |
| YoY Change | 8.88% | 39.69% | -0.05% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $8.000M | $9.000M | |
| YoY Change | 0.0% | ||
| Other Assets | $64.00M | ||
| YoY Change | -18.99% | ||
| Total Long-Term Assets | $7.093B | $6.968B | $7.036B |
| YoY Change | 5.31% | -0.96% | -9.13% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $563.0M | $617.0M | $943.0M |
| Total Long-Term Assets | $7.093B | $6.968B | $7.036B |
| Total Assets | $7.656B | $7.585B | $7.979B |
| YoY Change | 3.73% | -4.93% | -4.51% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $119.0M | $7.000M | $14.00M |
| YoY Change | 88.89% | -50.0% | -90.28% |
| Accrued Expenses | $217.0M | $304.0M | $167.0M |
| YoY Change | 12.44% | 82.04% | -26.43% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $336.0M | $311.0M | $181.0M |
| YoY Change | 31.25% | 71.82% | -51.21% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $6.319B | $6.203B | $5.894B |
| YoY Change | 9.31% | 5.24% | -3.54% |
| Other Long-Term Liabilities | $346.0M | $407.0M | $855.0M |
| YoY Change | -29.24% | -52.4% | 228.85% |
| Total Long-Term Liabilities | $6.665B | $6.610B | $6.749B |
| YoY Change | 6.3% | -2.06% | 5.95% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $336.0M | $311.0M | $181.0M |
| Total Long-Term Liabilities | $6.665B | $6.610B | $6.749B |
| Total Liabilities | $7.000B | $6.922B | $6.931B |
| YoY Change | 7.27% | -0.12% | 2.81% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $126.2M | $136.6M | $550.4M |
| YoY Change | -61.29% | -75.18% | -47.69% |
| Common Stock | $1.240M | $1.240M | $1.254M |
| YoY Change | -0.64% | -1.12% | -1.65% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $653.0M | $661.1M | $1.077B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $7.656B | $7.585B | $8.011B |
| YoY Change | 3.73% | -5.31% | -4.12% |
Cashflow Statement
| Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$10.43M | $9.391M | -$66.87M |
| YoY Change | -95.35% | -114.04% | -11.29% |
| Depreciation, Depletion And Amortization | $7.000M | $6.429M | $5.046M |
| YoY Change | -58.08% | 27.41% | -12.33% |
| Cash From Operating Activities | $70.80M | $178.2M | $239.0M |
| YoY Change | -136.8% | -25.44% | -31.52% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$6.300M | -$14.90M | -$14.10M |
| YoY Change | -70.56% | 5.67% | 14.63% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$213.1M | -$180.7M | $159.2M |
| YoY Change | -288.92% | -213.51% | -189.49% |
| Cash From Investing Activities | -$219.4M | -$195.6M | $145.1M |
| YoY Change | -340.04% | -234.8% | -176.29% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 88.20M | 61.90M | -245.5M |
| YoY Change | -187.85% | -125.21% | 106.13% |
| NET CHANGE | |||
| Cash From Operating Activities | 70.80M | 178.2M | 239.0M |
| Cash From Investing Activities | -219.4M | -195.6M | 145.1M |
| Cash From Financing Activities | 88.20M | 61.90M | -245.5M |
| Net Change In Cash | -60.40M | 44.50M | 138.6M |
| YoY Change | -70.01% | -67.89% | 249.12% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $70.80M | $178.2M | $239.0M |
| Capital Expenditures | -$6.300M | -$14.90M | -$14.10M |
| Free Cash Flow | $77.10M | $193.1M | $253.1M |
| YoY Change | -145.09% | -23.71% | -29.95% |
Facts In Submission
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|
729 | Agreement | |
| ocn |
Number Of Non Agency And Whole Loans Servicing Agreements With Termination Rights Triggered
NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered
|
180 | Agreement | |
| ocn |
Number Of Non Agency Servicing Agreements Terminated Due Todowngrades In Mortgage Servicer Rating
NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating
|
4 | Agreement | |
| ocn |
Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
|
-9556000 | USD | |
| ocn |
Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
|
6863000 | USD | |
| ocn |
Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
|
-3563000 | USD | |
| CY2015Q4 | ocn |
Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
|
38925000 | USD |
| CY2016Q3 | ocn |
Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
|
63228000 | USD |
| CY2015Q4 | ocn |
Other Receivables Gross
OtherReceivablesGross
|
325906000 | USD |
| CY2016Q3 | ocn |
Other Receivables Gross
OtherReceivablesGross
|
343111000 | USD |
| CY2015Q4 | ocn |
Other Receivables Net
OtherReceivablesNet
|
29818000 | USD |
| CY2016Q3 | ocn |
Other Receivables Net
OtherReceivablesNet
|
24544000 | USD |
| CY2016Q3 | ocn |
Payments Due From Purchaser Of Mortgage Servicing Rights And Related Advances
PaymentsDueFromPurchaserOfMortgageServicingRightsAndRelatedAdvances
|
31600000 | USD |
| ocn |
Paymentsfor Originationof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
|
769631000 | USD | |
| ocn |
Paymentsfor Originationof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
|
1434059000 | USD | |
| ocn |
Percentage Of Equity Interest In Foreign Subsidiaries Pledged As Security To Secured Debt
PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt
|
0.35 | ||
| CY2015 | ocn |
Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
|
0.082 | |
| ocn |
Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
|
0.073 | ||
| ocn |
Percentage Of Non Agency And Whole Loans Servicing Agreements With Termination Rights Triggered Of Servicing Portfolio
PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio
|
0.069 | ||
| ocn |
Percentage Of Servicing Transferred Due To Downgrades In Mortgage Servicer Rating
PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating
|
0.0017 | ||
| ocn |
Pledge Advance Remittance Period
PledgeAdvanceRemittancePeriod
|
P2Y | ||
| ocn |
Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
|
45137000 | USD | |
| ocn |
Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
|
20151000 | USD | |
| ocn |
Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
|
577591000 | USD | |
| ocn |
Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
|
1295101000 | USD | |
| ocn |
Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
|
1695000 | USD | |
| ocn |
Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
|
-2403000 | USD | |
| CY2015Q4 | ocn |
Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
|
18538000 | USD |
| CY2016Q3 | ocn |
Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
|
68492000 | USD |
| ocn |
Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
|
500401000 | USD | |
| ocn |
Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
|
218517000 | USD | |
| CY2014Q4 | ocn |
Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
|
132918000 | USD |
| CY2015Q3 | ocn |
Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
|
86873000 | USD |
| CY2015Q4 | ocn |
Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
|
36615000 | USD |
| CY2016Q3 | ocn |
Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
|
27111000 | USD |
| CY2015Q3 | ocn |
Servicing And Origination
ServicingAndOrigination
|
101545000 | USD |
| ocn |
Servicing And Origination
ServicingAndOrigination
|
255905000 | USD | |
| CY2016Q3 | ocn |
Servicing And Origination
ServicingAndOrigination
|
63551000 | USD |
| ocn |
Servicing And Origination
ServicingAndOrigination
|
249230000 | USD | |
| ocn |
Servicing Asset At Amortized Value Fair Value Election Transfer To Ms Rs Carried At Fair Value
ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue
|
787142000 | USD | |
| ocn |
Servicing Asset At Amortized Value Fair Value Election Transfer To Ms Rs Carried At Fair Value
ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue
|
0 | USD | |
| CY2015Q4 | ocn |
Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
|
13800000 | USD |
| CY2016Q3 | ocn |
Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
|
32432000 | USD |
| CY2015Q4 | ocn |
Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
|
71405000 | USD |
| CY2016Q3 | ocn |
Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
|
110487000 | USD |
| CY2015Q4 | ocn |
Servicing Receivable Net
ServicingReceivableNet
|
242569000 | USD |
| CY2016Q3 | ocn |
Servicing Receivable Net
ServicingReceivableNet
|
259127000 | USD |
| CY2015Q4 | ocn |
Servicing Receivable Other
ServicingReceivableOther
|
32879000 | USD |
| CY2016Q3 | ocn |
Servicing Receivable Other
ServicingReceivableOther
|
46612000 | USD |
| CY2015Q4 | ocn |
Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
|
29856000 | USD |
| CY2016Q3 | ocn |
Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
|
38027000 | USD |
| CY2015Q4 | ocn |
Servicing Receivables Allowance For Losses
ServicingReceivablesAllowanceForLosses
|
20600000 | USD |
| CY2016Q3 | ocn |
Servicing Receivables Allowance For Losses
ServicingReceivablesAllowanceForLosses
|
46400000 | USD |
| CY2016Q3 | ocn |
Sold Advances
SoldAdvances
|
34600000 | USD |
| ocn |
Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
|
4811000 | USD | |
| ocn |
Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
|
199047000 | USD | |
| ocn |
Transfersto Real Estate Ownedfrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
|
18479000 | USD | |
| ocn |
Transfersto Real Estate Ownedfrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
|
6434000 | USD | |
| CY2015Q4 | ocn |
Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
|
7471025000 | USD |
| CY2016Q3 | ocn |
Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
|
9768852000 | USD |
| CY2016Q3 | ocn |
Unpaid Principal Balance Of Non Agency And Whole Loans Servicing Agreements With Minimum Servicer Ratings
UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithMinimumServicerRatings
|
35800000000 | USD |
| CY2016Q3 | ocn |
Unpaid Principal Balance Of Non Agency And Whole Loans Servicing Agreements With Termination Rights Triggered
UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered
|
11500000000 | USD |
| CY2015Q3 | ocn |
Unpaid Principal Balance Of Small Balance Commercial Loans Serviced
UnpaidPrincipalBalanceOfSmallBalanceCommercialLoansServiced
|
1900000000 | USD |
| CY2015Q4 | ocn |
Unpaid Principal Balance Of Small Balance Commercial Loans Serviced
UnpaidPrincipalBalanceOfSmallBalanceCommercialLoansServiced
|
1800000000 | USD |
| CY2016Q3 | ocn |
Unpaid Principal Balance Of Small Balance Commercial Loans Serviced
UnpaidPrincipalBalanceOfSmallBalanceCommercialLoansServiced
|
1500000000 | USD |
| CY2015Q3 | ocn |
Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
|
516 | Loan |
| CY2016Q3 | ocn |
Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
|
272 | Loan |
| CY2015Q3 | ocn |
Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
|
101100000 | USD |
| CY2016Q3 | ocn |
Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
|
59300000 | USD |
| CY2015Q4 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
2538000 | USD |
| CY2016Q3 | us-gaap |
Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
|
24965000 | USD |
| CY2015Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
113934000 | USD |
| CY2016Q3 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
84210000 | USD |
| CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1763000 | USD |
| CY2016Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1500000 | USD |
| CY2015Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
526148000 | USD |
| CY2016Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
524725000 | USD |
| CY2016Q3 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
300000 | USD |
| CY2015Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
329000 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1022000 | USD | |
| CY2016Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
240000 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
623000 | USD | |
| CY2015Q3 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
523000 | USD |
| us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
6916000 | USD | |
| CY2016Q3 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
89000 | USD |
| us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
263000 | USD | |
| CY2015Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3325000 | USD |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
10385000 | USD | |
| CY2016Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
1240000 | USD |
| CY2016Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
3977000 | USD |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
10475000 | USD | |
| CY2015Q3 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
18108000 | USD |
| us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
88188000 | USD | |
| CY2016Q3 | us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
-2558000 | USD |
| us-gaap |
Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
|
18595000 | USD | |
| CY2015Q3 | us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
13412000 | USD |
| us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
54044000 | USD | |
| CY2016Q3 | us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
11222000 | USD |
| us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
23003000 | USD | |
| CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2037872 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1965049 | shares | |
| CY2016Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6890882 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
7285539 | shares | |
| us-gaap |
Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
|
-9900000 | USD | |
| us-gaap |
Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
|
1000000 | USD | |
| CY2015Q3 | us-gaap |
Assets
Assets
|
7978977000 | USD |
| CY2015Q4 | us-gaap |
Assets
Assets
|
7380308000 | USD |
| CY2016Q3 | us-gaap |
Assets
Assets
|
7585450000 | USD |
| CY2015Q4 | us-gaap |
Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
346984000 | USD |
| CY2016Q3 | us-gaap |
Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
261589000 | USD |
| CY2014Q4 | us-gaap |
Cash
Cash
|
129473000 | USD |
| CY2015Q3 | us-gaap |
Cash
Cash
|
458674000 | USD |
| CY2015Q4 | us-gaap |
Cash
Cash
|
257272000 | USD |
| CY2016Q3 | us-gaap |
Cash
Cash
|
263534000 | USD |
| CY2015Q3 | us-gaap |
Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
|
-1512000 | USD |
| us-gaap |
Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
|
-2408000 | USD | |
| CY2016Q3 | us-gaap |
Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
|
271000 | USD |
| us-gaap |
Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
|
1051000 | USD | |
| CY2015Q3 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
5973000 | USD |
| us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
25066000 | USD | |
| CY2016Q3 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
3768000 | USD |
| us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
10441000 | USD | |
| us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
329201000 | USD | |
| us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
6262000 | USD | |
| CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2015Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
| CY2016Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
124774516 | shares |
| CY2016Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
123989954 | shares |
| CY2015Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
124774516 | shares |
| CY2016Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
123989954 | shares |
| CY2015Q3 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
37182000 | USD |
| CY2015Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1248000 | USD |
| us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
117793000 | USD | |
| CY2016Q3 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
25941000 | USD |
| us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
85519000 | USD | |
| CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-66375000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-16249000 | USD | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
9480000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-189055000 | USD | |
| CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
119000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
321000 | USD | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
83000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
373000 | USD | |
| CY2015Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-66256000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-15928000 | USD | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
9563000 | USD |
| us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-188682000 | USD | |
| CY2015Q3 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
274089000 | USD |
| us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
904062000 | USD | |
| CY2016Q3 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
232013000 | USD |
| us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
706194000 | USD | |
| CY2015Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
360017000 | USD |
| us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
1203541000 | USD | |
| CY2016Q3 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
302235000 | USD |
| us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
906993000 | USD | |
| us-gaap |
Cost Of Services
CostOfServices
|
162600000 | USD | |
| CY2015Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
387726000 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
1118336000 | USD | |
| CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
271678000 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
985353000 | USD | |
| us-gaap |
Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
|
42788000 | USD | |
| CY2015Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3089255000 | USD |
| CY2016Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3828019000 | USD |
| CY2015Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0315 | |
| CY2016Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0315 | |
| CY2016Q3 | us-gaap |
Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
|
0 | USD |
| CY2015Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
19496000 | USD |
| CY2016Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
8807000 | USD |
| CY2015Q3 | us-gaap |
Depreciation
Depreciation
|
5046000 | USD |
| us-gaap |
Depreciation
Depreciation
|
13467000 | USD | |
| CY2016Q3 | us-gaap |
Depreciation
Depreciation
|
6429000 | USD |
| us-gaap |
Depreciation
Depreciation
|
18277000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13467000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18277000 | USD | |
| CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
6367000 | USD |
| CY2016Q3 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
11620000 | USD |
| CY2015Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-1261000 | USD |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1095000 | USD | |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD | |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-8529000 | USD | |
| CY2016Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-134000 | USD |
| us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-2213000 | USD | |
| us-gaap |
Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
|
300000 | USD | |
| CY2015Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-738000 | USD |
| us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-1613000 | USD | |
| CY2016Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-45000 | USD |
| us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-1950000 | USD | |
| CY2015Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | USD |
| CY2016Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
2525000 | USD |
| CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.53 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
| CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.53 | ||
| CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.53 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
| CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.53 | ||
| CY2015Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
52900000 | USD |
| us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
65100000 | USD | |
| us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
62400000 | USD | |
| CY2015Q3 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
|
3100000000 | USD |
| CY2016Q3 | us-gaap |
Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
|
2600000000 | USD |
| us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
52015000 | USD | |
| us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
0 | USD | |
| CY2014Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
70034000 | USD |
| CY2015Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
59545000 | USD |
| CY2015Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
60436000 | USD |
| CY2015Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
41901000 | USD |
| CY2016Q2 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
39441000 | USD |
| CY2016Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
46912000 | USD |
| us-gaap |
Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
|
9598000 | USD | |
| us-gaap |
Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
|
-5011000 | USD | |
| CY2015Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
|
21856000 | USD |
| us-gaap |
Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
|
42358000 | USD | |
| CY2016Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
|
-6865000 | USD |
| us-gaap |
Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
|
581000 | USD | |
| CY2015Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
20965000 | USD |
| us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
51956000 | USD | |
| CY2016Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
-14336000 | USD |
| us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
-4430000 | USD | |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-8529000 | USD | |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
-2213000 | USD | |
| CY2015Q3 | us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
-12416000 | USD |
| us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
-10878000 | USD | |
| CY2016Q3 | us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
-4051000 | USD |
| us-gaap |
Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
|
-25677000 | USD | |
| us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
37580000 | USD | |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
321000 | USD | |
| us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
23627000 | USD | |
| CY2016Q3 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
40707000 | USD |
| us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
77732000 | USD | |
| CY2015Q3 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
34038000 | USD |
| us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
130425000 | USD | |
| CY2015Q3 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
27298000 | USD |
| us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
116934000 | USD | |
| CY2016Q3 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
25645000 | USD |
| us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
69074000 | USD | |
| CY2015Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
41246000 | USD |
| us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
97958000 | USD | |
| CY2016Q3 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
5661000 | USD |
| us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
7689000 | USD | |
| CY2015Q3 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-195000 | USD |
| us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-664000 | USD | |
| CY2016Q3 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-262000 | USD |
| us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-615000 | USD | |
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-55918000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-589000 | USD | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2364000 | USD |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-196159000 | USD | |
| CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10832000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
21866000 | USD | |
| CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7110000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7214000 | USD | |
| CY2015Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
53519000 | USD |
| CY2016Q3 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
59440000 | USD |
| us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
1899000 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-122305000 | USD | |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-5700000 | USD | |
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
0 | USD | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
30726000 | USD | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
4745000 | USD | |
| CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
| CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
| CY2015Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
5693000 | USD |
| us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
16306000 | USD | |
| CY2016Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
5158000 | USD |
| us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
14488000 | USD | |
| CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
118313000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
362606000 | USD | |
| CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
110961000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
308083000 | USD | |
| CY2015Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
3667000 | USD |
| CY2016Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
10050000 | USD |
| CY2015Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
102612000 | USD |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
313599000 | USD | |
| CY2016Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
92942000 | USD |
| us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
287613000 | USD | |
| CY2015Q3 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
19162000 | USD |
| us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
63557000 | USD | |
| CY2016Q3 | us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
15225000 | USD |
| us-gaap |
Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
51301000 | USD | |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
6525670000 | USD |
| CY2016Q3 | us-gaap |
Liabilities
Liabilities
|
6922063000 | USD |
| CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7380308000 | USD |
| CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7585450000 | USD |
| CY2015Q4 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
44751000 | USD |
| CY2016Q3 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
23658000 | USD |
| CY2015Q4 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
74922000 | USD |
| CY2016Q3 | us-gaap |
Litigation Reserve Noncurrent
LitigationReserveNoncurrent
|
110716000 | USD |
| CY2014Q4 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
401120000 | USD |
| CY2015Q3 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
235909000 | USD |
| CY2015Q4 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
309054000 | USD |
| CY2016Q3 | us-gaap |
Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
|
302114000 | USD |
| CY2015Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
2488253000 | USD |
| CY2016Q3 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
3339641000 | USD |
| CY2015Q4 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage
|
414046000 | USD |
| CY2016Q3 | us-gaap |
Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage
|
339765000 | USD |
| CY2015Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2933066000 | USD |
| CY2016Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
3719142000 | USD |
| CY2016Q3 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
44600000 | USD |
| CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
3076000 | USD |
| CY2016Q3 | us-gaap |
Minority Interest
MinorityInterest
|
2311000 | USD |
| us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1138000 | USD | |
| CY2015Q4 | us-gaap |
Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
|
7985000 | USD |
| CY2016Q3 | us-gaap |
Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
|
9040000 | USD |
| us-gaap |
Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
|
86400000000 | USD | |
| us-gaap |
Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
|
3600000000 | USD | |
| us-gaap |
Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
|
73257000 | USD | |
| us-gaap |
Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
|
63609000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-633758000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
228043000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
188965000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-572201000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
773994000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
350420000 | USD | |
| CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66869000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-22776000 | USD | |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9391000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-189318000 | USD | |
| CY2015Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
119000 | USD |
| CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
83000 | USD |
| us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
373000 | USD | |
| CY2015Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-66869000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-22776000 | USD | |
| CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
9391000 | USD |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-189318000 | USD | |
| CY2015Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-73138000 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-260894000 | USD | |
| CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-85406000 | USD |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-274065000 | USD | |
| CY2015Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
31043000 | USD |
| us-gaap |
Occupancy Net
OccupancyNet
|
85530000 | USD | |
| CY2016Q3 | us-gaap |
Occupancy Net
OccupancyNet
|
16760000 | USD |
| us-gaap |
Occupancy Net
OccupancyNet
|
62213000 | USD | |
| CY2015Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
74791000 | USD |
| CY2016Q3 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
103233000 | USD |
| CY2015Q4 | us-gaap |
Other Assets
OtherAssets
|
586495000 | USD |
| CY2016Q3 | us-gaap |
Other Assets
OtherAssets
|
439921000 | USD |
| CY2015Q4 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
14352000 | USD |
| CY2016Q3 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
20660000 | USD |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
6527000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
263000 | USD | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-494000 | USD |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-6527000 | USD | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-89000 | USD |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-263000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
400000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
100000 | USD | |
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
100000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-1900000 | USD | |
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-1500000 | USD | |
| CY2015Q3 | us-gaap |
Other Expenses
OtherExpenses
|
34808000 | USD |
| us-gaap |
Other Expenses
OtherExpenses
|
65593000 | USD | |
| CY2016Q3 | us-gaap |
Other Expenses
OtherExpenses
|
9553000 | USD |
| us-gaap |
Other Expenses
OtherExpenses
|
24388000 | USD | |
| CY2015Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
744444000 | USD |
| CY2016Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
718831000 | USD |
| CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1764000 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-12552000 | USD | |
| CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
14736000 | USD |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
11841000 | USD | |
| us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
14866000 | USD | |
| us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
11802000 | USD | |
| CY2015Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
41300000 | USD |
| CY2016Q3 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
35900000 | USD |
| CY2015Q4 | us-gaap |
Other Real Estate
OtherRealEstate
|
20489000 | USD |
| CY2016Q3 | us-gaap |
Other Real Estate
OtherRealEstate
|
4388000 | USD |
| CY2015Q4 | us-gaap |
Other Receivables
OtherReceivables
|
286981000 | USD |
| CY2016Q3 | us-gaap |
Other Receivables
OtherReceivables
|
279883000 | USD |
| us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
3119457000 | USD | |
| us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
3141205000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-4082000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-9483000 | USD | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
5890000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
18610000 | USD | |
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2242000 | USD | |
| us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
781002000 | USD | |
| us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
1185565000 | USD | |
| us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
10055000 | USD | |
| us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
15969000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
18335000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
28649000 | USD | |
| us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
3713311000 | USD | |
| us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
4575264000 | USD | |
| CY2015Q4 | us-gaap |
Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
|
346984000 | USD |
| CY2016Q3 | us-gaap |
Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
|
261589000 | USD |
| CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
13754000 | USD |
| CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
15505000 | USD |
| CY2015Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
69805000 | USD |
| CY2016Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
54755000 | USD |
| CY2015Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
11749000 | USD |
| CY2016Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
9232000 | USD |
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
5647016000 | USD | |
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
6632059000 | USD | |
| us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
6512000 | USD | |
| us-gaap |
Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
|
10995000 | USD | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
6501000 | USD | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1496000 | USD | |
| us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
105520000 | USD | |
| us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
528263000 | USD | |
| us-gaap |
Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
|
3935420000 | USD | |
| us-gaap |
Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
|
4493887000 | USD | |
| us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
803924000 | USD | |
| us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
820438000 | USD | |
| us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
3306180000 | USD | |
| us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
3167640000 | USD | |
| us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
598059000 | USD | |
| us-gaap |
Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
|
45254000 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
4758000 | USD | |
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD | |
| us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
285938000 | USD | |
| us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
74982000 | USD | |
| CY2015Q3 | us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
1478142000 | USD |
| us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
3964866000 | USD | |
| CY2016Q3 | us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
1511991000 | USD |
| us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
3878461000 | USD | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
413000 | USD | |
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
406000 | USD | |
| CY2015Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
62428000 | USD |
| us-gaap |
Professional Fees
ProfessionalFees
|
191728000 | USD | |
| CY2016Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
65489000 | USD |
| us-gaap |
Professional Fees
ProfessionalFees
|
257795000 | USD | |
| CY2015Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-66750000 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-22455000 | USD | |
| CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
9474000 | USD |
| us-gaap |
Profit Loss
ProfitLoss
|
-188945000 | USD | |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
57626000 | USD |
| CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
62701000 | USD |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
25272000 | USD | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
61191000 | USD | |
| us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
6572601000 | USD | |
| us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
6996715000 | USD | |
| CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
325929000 | USD |
| CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
136611000 | USD |
| CY2015Q3 | us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
17631000 | USD |
| us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
58166000 | USD | |
| CY2016Q3 | us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
31568000 | USD |
| us-gaap |
Revenue Other Financial Services
RevenueOtherFinancialServices
|
87192000 | USD | |
| CY2015Q3 | us-gaap |
Revenues
Revenues
|
404946000 | USD |
| us-gaap |
Revenues
Revenues
|
1378641000 | USD | |
| CY2016Q3 | us-gaap |
Revenues
Revenues
|
359448000 | USD |
| us-gaap |
Revenues
Revenues
|
1063259000 | USD | |
| CY2015Q4 | us-gaap |
Secured Debt Other
SecuredDebtOther
|
762411000 | USD |
| CY2016Q3 | us-gaap |
Secured Debt Other
SecuredDebtOther
|
663170000 | USD |
| CY2016Q3 | us-gaap |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate
|
18758000 | USD |
| CY2016Q3 | us-gaap |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
|
66764000 | USD |
| CY2016Q3 | us-gaap |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate
|
34142000 | USD |
| CY2016Q3 | us-gaap |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
|
135780000 | USD |
| CY2015Q4 | us-gaap |
Servicing Asset
ServicingAsset
|
1138569000 | USD |
| CY2016Q3 | us-gaap |
Servicing Asset
ServicingAsset
|
1036669000 | USD |
| us-gaap |
Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
|
25052000 | USD | |
| us-gaap |
Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
|
37164000 | USD | |
| CY2014Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
93901000 | USD |
| CY2015Q3 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
787344000 | USD |
| CY2015Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
761190000 | USD |
| CY2016Q3 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
696108000 | USD |
| us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
-9439000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
|
4654000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
|
71318000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
|
148000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
82696000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
|
58954000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
|
1139000 | USD | |
| us-gaap |
Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
|
1326000 | USD | |
| CY2015Q3 | us-gaap |
Servicing Fees Net
ServicingFeesNet
|
360017000 | USD |
| us-gaap |
Servicing Fees Net
ServicingFeesNet
|
1203541000 | USD | |
| CY2016Q3 | us-gaap |
Servicing Fees Net
ServicingFeesNet
|
302235000 | USD |
| us-gaap |
Servicing Fees Net
ServicingFeesNet
|
906993000 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5130000 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4000000 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11921000 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4017000 | USD | |
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
509000 | USD | |
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
442000 | USD | |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
5890000 | USD | |
| CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
851562000 | USD |
| CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
661076000 | USD |
| CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1041165000 | USD |
| CY2015Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1080455000 | USD |
| CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
854638000 | USD |
| CY2016Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
663387000 | USD |
| CY2015Q4 | us-gaap |
Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
|
1706768000 | USD |
| CY2016Q3 | us-gaap |
Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
|
1534322000 | USD |
| CY2015Q4 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
1584049000 | USD |
| CY2016Q3 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
|
1365532000 | USD |
| CY2015Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
24500000 | USD |
| CY2016Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
16300000 | USD |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1300000 | USD | |
| us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
500000 | USD | |
| CY2015Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
345511000 | USD |
| CY2016Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
346511000 | USD |
| CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
125383639 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
125322742 | shares | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124134507 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
123991343 | shares | |
| CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
125383639 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
125322742 | shares | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123986987 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123991343 | shares | |
| us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 19 – Contingencies</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">When we become aware of a matter involving uncertainty for which we may incur a loss, we assess the likelihood of any loss. If a loss contingency is probable and the amount of the loss can be reasonably estimated, we record an accrual for the loss. In such cases, there may be an exposure to potential loss in excess of the amount accrued. Where a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. If a reasonable estimate of loss cannot be made, we do not accrue for any loss or disclose any estimate of exposure to potential loss. An assessment regarding the ultimate outcome of any such matter involves judgments about future events, actions and circumstances that are inherently uncertain. The actual outcome could differ materially. Where we have retained external legal counsel or other professional advisers, such advisers assist us in making such assessments.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Litigation</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the ordinary course of business, we are routinely a defendant in, or a party or potential party to, many threatened and pending legal proceedings, including proceedings brought on behalf of various classes of claimants, those brought derivatively on behalf of Ocwen against certain current or former officers and directors, and those brought under the False Claims Act by private citizens on behalf of the United States of America.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These proceedings are generally based on alleged violations of federal, state and local laws and regulations governing our mortgage servicing and lending activities, including wrongful foreclosure and eviction actions, allegations of wrongdoing in connection with lender-placed insurance arrangements, claims relating to our pre-foreclosure property preservation activities, claims relating to our written and telephonic communications with our borrowers such as claims under the Telephone Consumer Protection Act, claims related to our payment and other processing operations, and claims regarding certifications of our legal compliance related to our participation in certain government programs. In some of these proceedings, claims for substantial monetary damages are asserted against us.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In view of the inherent difficulty of predicting the outcome of any threatened or pending legal proceedings, particularly where the claimants seek very large or indeterminate damages or where the matters present novel legal theories or involve a large number of parties, we generally cannot predict what the eventual outcome of such proceedings will be, what the timing of the ultimate resolution will be, or what the eventual loss, if any, will be. Any material adverse resolution could materially and adversely affect our business, reputation, financial condition and results of operations.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Where we determine that a loss contingency is probable in connection with a pending or threatened legal proceeding and the amount of our loss can be reasonably estimated, we record an accrual for the loss. Excluding expenses of internal or external legal counsel, we have accrued </font><font style="font-family:inherit;font-size:10pt;">$44.6 million</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> for losses relating to threatened and pending litigation that we believe are probable and reasonably estimable based on current information regarding these matters. Where we determine that a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. It is possible that we will incur losses relating to threatened and pending litigation that materially exceed the amount accrued. We cannot currently estimate the amount, if any, of reasonably possible losses above amounts that have been recorded at </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have previously disclosed several putative securities fraud class action lawsuits filed against Ocwen and certain of its officers and directors that contain allegations in connection with the restatements of our fourth quarter 2013 and first quarter 2014 financial statements and our December 2014 Consent Order with the NY DFS, among other matters. Those lawsuits have been consolidated and are pending in federal court in Florida. In September 2015, the presiding federal court dismissed the consolidated securities fraud class action. That action has since been re-filed in federal court. On December 22, 2015, the presiding federal court dismissed in part the action and it remains pending. In January 2016, Ocwen was named as a defendant in a separate securities action brought on behalf of certain putative shareholders of Ocwen. Additional lawsuits may be filed and, at this time, Ocwen is unable to predict the outcome of these lawsuits, the possible loss or range of loss, if any, associated with the resolution of these lawsuits or any potential impact they may have on us or our operations. Ocwen and the other defendants intend to vigorously defend against these lawsuits. If our efforts to defend these lawsuits are not successful, our business, financial condition, liquidity and results of operations could be materially and adversely affected.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have reached an agreement in principle to resolve certain previously disclosed claims brought derivatively by purported shareholders in an amount we believe will be covered in full by our applicable insurance coverage. A Special Litigation Committee established by the independent directors of our Board had previously concluded that pursuit of these claims would not be in the best interests of the Company. If our efforts to finalize this resolution or to otherwise defend these derivative matters are not successful, our business, financial condition, liquidity and results of operations could be materially and adversely affected.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OFC, OLS, and Homeward have reached an agreement in principle to settle the following previously disclosed litigation matters relating to claims under the False Claims Act: U.S. Ex rel. Fisher v. Homeward Residential, Inc., et al and U.S. Ex rel. Fisher v. Ocwen Loan Servicing, LLC, et al (the Fisher Cases). The United States Department of Justice has agreed to seek final approval of the settlement in principle. Subject to documentation of a definitive settlement and final approval by the United States, the settlement includes the following terms:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No admission of liability or wrongdoing by Ocwen;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Payment of </font><font style="font-family:inherit;font-size:10pt;">$15.0 million</font><font style="font-family:inherit;font-size:10pt;"> to the United States and </font><font style="font-family:inherit;font-size:10pt;">$15.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the private citizens’ attorneys’ fees and costs.</font></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ocwen agreed to the settlement, notwithstanding its belief that it has sound legal and factual defenses, in order to avoid the uncertain outcome of two trials and the additional expense and management time involved. We accrued </font><font style="font-family:inherit;font-size:10pt;">$30.0 million</font><font style="font-family:inherit;font-size:10pt;"> as of June 30, 2016 with respect to the settlement in principle and we continue to believe this amount is both probable and reasonably estimable based on current information. We have not yet paid any portion of this </font><font style="font-family:inherit;font-size:10pt;">$30 million</font><font style="font-family:inherit;font-size:10pt;"> accrual. There can be no assurance that the settlement in principle will be finalized and approved by the United States and the Court. In the event the settlement in principle is not ultimately finalized and approved, the Fisher Cases would continue and we would vigorously defend the allegations made against Ocwen. If our efforts to defend were not successful, our business, financial condition, liquidity and results of operations could be materially and adversely affected. The </font><font style="font-family:inherit;font-size:10pt;">$44.6 million</font><font style="font-family:inherit;font-size:10pt;"> accrual for litigation matters noted above includes the </font><font style="font-family:inherit;font-size:10pt;">$30 million</font><font style="font-family:inherit;font-size:10pt;"> accrual for the Fisher Cases.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In several recent court actions, mortgage loan sellers against whom repurchase claims have been asserted based on alleged breaches of representations and warranties are defending on various grounds including the expiration of statutes of limitation, lack of notice and opportunity to cure, and vitiation of the obligation to repurchase as a result of foreclosure or charge-off of the loan. We have entered into tolling agreements with respect to our role as servicer for a small number of securitizations relating to our performance under the servicing agreements for those securitizations and may enter into additional tolling agreements in the future. Other court actions have been filed against certain RMBS trustees alleging that the trustees breached their contractual and statutory duties by, among other things, failing to require the loan servicers to abide by the servicers’ obligations and failing to declare that certain alleged servicing events of default under the applicable contracts occurred.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ocwen is a party in certain of these actions, is the servicer for certain securitizations involved in other such actions and is the servicer for other securitizations as to which actions have been threatened by certificate holders. We intend to vigorously defend ourselves in the lawsuits to which we have been named a party. Should Ocwen be made a party to other similar actions or should Ocwen be asked to indemnify any parties to such actions, we may need to defend allegations that we failed to service loans in accordance with applicable agreements and that such failures prejudiced the rights of repurchase claimants against loan sellers or otherwise diminished the value of the trust collateral. At this time, we are unable to predict the ultimate outcome of these lawsuits, the possible loss or range of loss, if any, associated with the resolution of these lawsuits or any potential impact they may have on us or our operations. If, however, we were required to compensate claimants for losses related to the alleged loan servicing breaches, then our business, financial condition and results of operations could be adversely affected.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, a number of RMBS trustees have received notices of default alleging material failures by servicers to comply with applicable servicing agreements. For example, certain investors claiming to hold at least </font><font style="font-family:inherit;font-size:10pt;">25%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">119</font><font style="font-family:inherit;font-size:10pt;"> RMBS trusts serviced by Ocwen have submitted to the respective trustees of those trusts a Notice of Non-Performance, alleging that we have materially breached our obligations under the servicing agreements in those trusts. The Notice further alleged that our conduct, if not timely cured, would give rise to events of default under the applicable servicing agreements, on the basis of which we could potentially be terminated as servicer for the </font><font style="font-family:inherit;font-size:10pt;">119</font><font style="font-family:inherit;font-size:10pt;"> Trusts. Ocwen denies the allegations in the Notice and intends to vigorously rebut them. Since the Notice was issued, Ocwen has been directed by the trustee for </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the trusts to transfer its servicing to another loan servicing company based on ratings downgrades. There is a risk that Ocwen could be replaced as servicer on the remaining trusts at issue in the Notice, that the trustees could take legal action on behalf of the trust certificateholders, or, under certain circumstances, that the investors who issued the Notice could seek to press their allegations against Ocwen, independent of the trustees. We are unable at this time to predict what, if any, actions the trustees will take in response to the Notice, nor can we predict at this time the potential loss or range of loss, if any, associated with the resolution of the Notice or the potential impact on our operations. If Ocwen were to be terminated as servicer, or other related legal actions were pursued against Ocwen, it could have an adverse effect on Ocwen’s business, financing activities, financial condition and results of operations.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulatory</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to a number of ongoing federal and state regulatory examinations, consent orders, inquiries, requests for information and other actions. Where we determine that a loss contingency is probable in connection with a regulatory matter and the amount of our loss can be reasonably estimated, we record an accrual for the loss. Where we determine that a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. It is possible that we will incur losses relating to regulatory matters that materially exceed any accrued amount. Predicting the outcome of any regulatory matter is inherently difficult and we generally cannot predict the eventual outcome of any regulatory matter or the eventual loss, if any, associated with the outcome.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New York Department of Financial Services</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2012, we entered into a consent order with the NY DFS in which we agreed to the appointment of a Monitor to oversee our compliance with an Agreement on Servicing Practices that we had entered into with the NY DFS in September 2011. After the Monitor began its work in 2013, the NY DFS began an investigation into Ocwen’s compliance with the servicing requirements specified in the Agreement on Servicing Practices as well as New York State laws and regulations relating to the servicing of residential mortgages.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2014, Ocwen reached a settlement with the NY DFS related to this investigation and entered into a consent order (the NY Consent Order) with the NY DFS to reflect such settlement. The settlement contained monetary and non-monetary provisions including the payment of a civil monetary penalty of </font><font style="font-family:inherit;font-size:10pt;">$100.0 million</font><font style="font-family:inherit;font-size:10pt;"> and restitution in the amount of </font><font style="font-family:inherit;font-size:10pt;">$50.0 million</font><font style="font-family:inherit;font-size:10pt;"> to certain New York borrowers and the appointment of an independent Operations Monitor for a </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;">-year period ending March 2017, extendable for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> year at the discretion of the NY DFS. We must pay all reasonable and necessary costs of the Operations Monitor.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We continue to work with the Operations Monitor. If we are found to have breached the terms of the NY Consent Order or if the NY DFS or the Operations Monitor were to allege non-compliance with New York laws or regulations, we could become subject to financial penalties or other regulatory action could be taken against us. The Operations Monitor also makes recommendations to Ocwen on various operational and governance matters. If we do not address such recommendations in a manner deemed satisfactory by the Operations Monitor and the NY DFS, we could be subject to additional scrutiny by the Operations Monitor or the NY DFS or other regulatory action could be taken against us.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">California Department of Business Oversight </font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, OLS reached an agreement with the CA DBO relating to Ocwen’s failure to produce certain information and documents during a routine licensing examination, which resulted in the CA DBO withdrawing its notice of hearing to suspend OLS’ license in California. OLS and the CA DBO entered into a Consent Order pursuant to the California Residential Mortgage Lending Act (the CA Consent Order) with the CA DBO to reflect such settlement. The CA Consent Order addresses and resolves the examination disputes between the CA DBO and OLS, and does not involve any accusation or admission of wrongdoing with regard to OLS’ servicing practices.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the terms of the CA Consent Order, OLS paid the CA DBO a penalty of </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> plus costs associated with the examination. OLS also agreed to cease acquiring any additional MSRs for loans secured in California until the CA DBO is satisfied that OLS can satisfactorily respond to the requests for information and documentation made in the course of a regulatory exam.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, the CA DBO has selected an independent third-party auditor (the CA Auditor) to assess OLS’ compliance with laws and regulations impacting California borrowers for an initial term of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> years ending July 2017, extendable at the discretion of the CA DBO. OLS must pay all reasonable and necessary costs of the CA Auditor. The CA Auditor will report periodically on its findings and progress, and OLS must submit to the CA DBO a written plan to address and implement corrective measures and address any deficiencies identified by the CA Auditor.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the third quarter, we continued to work with the CA Auditor. As part of the CA Auditor’s work, from time to time the CA Auditor and the CA DBO have made observations regarding our compliance with various regulations and legal requirements, including the Consent Order. As part of these observations, the CA DBO has informed us of its position that certain onboarding activities relating to new California originations in 2015 were prohibited by the Consent Order and represent a material breach of the agreement. We disagree with this position. Given that we have already made adjustments to our processes for California originations, the CA DBO has not asked us to make any additional changes to such processes at this time. The CA DBO has also raised similar concerns related to our on-boarding of loans subject to subservicing agreements. The CA DBO is still evaluating this activity as it relates to the Consent Order. The CA DBO has not asked us to cease any subservicing activities, and these activities are not material to our overall operations. However, it is possible that the CA DBO could determine to take action against us, which could subject us to financial penalties or other regulatory action, and it is possible that the CA Auditor or the CA DBO could allege that other activities do not comply with California laws or regulations, which could also result in regulatory action against us.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have recently engaged in discussions with the CA DBO regarding the possibility of resolving certain matters relating to OLS’ servicing practices and early termination of the Consent Order, which would also terminate the CA Auditor engagement. We have not reached any agreement with the CA DBO and cannot predict whether or when we may reach such an agreement; however, we have offered to pay </font><font style="font-family:inherit;font-size:10pt;">$25.0 million</font><font style="font-family:inherit;font-size:10pt;"> to the CA DBO to settle and terminate the Consent Order, and therefore, pursuant to ASC 450, we have accrued this amount in our financial statements as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. Whether or not we reach an agreement after discussions with the CA DBO, it is possible that we could incur losses that materially exceed this amount, which could have a material adverse impact our on our business, reputation, financial condition, liquidity and results of operations. We cannot currently estimate the amount, if any, of reasonably possible loss above amounts that have been recorded as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">National Mortgage Settlement</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2014, the Ocwen National Mortgage Settlement involving the CFPB and various state attorneys general and other state agencies that regulate the mortgage servicing industry (NMS Regulators), relating to various allegations regarding deficient mortgage servicing practices, including those with respect to foreclosures, was memorialized by a consent order entered by the United States District Court for the District of Columbia (District Court).</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are tested on a quarterly basis on various metrics to ensure compliance with the Ocwen National Mortgage Settlement. These metrics relate to various aspects of our servicing business, and each has a proscribed error threshold. These metrics are tested by a dedicated group of Ocwen employees who do not report to the Servicing business and are referred to as the Internal Review Group (IRG). The IRG tests these metrics, and reports their findings to the professional firms employed by the Office of Mortgage Settlement Oversight (OMSO). OMSO has ultimate authority to accept or reject the IRG’s findings, and OMSO reports its findings to the District Court.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exceeding the metric error rate threshold for the first time does not result in a violation of the settlement, but rather it is deemed a “potential violation” which then is subject to a cure period. Any potential violation requires us to submit a corrective action plan (CAP) to OMSO for approval and review, and all testing for that metric is suspended until the CAP is completed. Following the completion of the CAP, testing on that metric resumes by the IRG and any further fails in the cure period or the quarter following that cure period would subject us to financial penalties. These penalties start at an amount of not more than </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the first uncured violation and increase to an amount of not more than </font><font style="font-family:inherit;font-size:10pt;">$5.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the second uncured violation.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To date, OMSO’s reports have detailed eight instances where our testing has exceeded the applicable error rate threshold for a metric. Ocwen also agreed with OMSO to deem five additional metrics as having failed as part of a “global CAP” due to the letter-dating issues that were raised by the NY DFS in 2014, as the testing of those metrics could have been affected by that issue. Each of those metrics has been the subject of an agreed-upon CAP, and four of those potential violations plus the global CAP for letter dating have been deemed “cured” by OMSO as subsequent testing was found to be within the required error rate threshold. The remainder of the metrics are either still under CAPs or the post-cure testing has yet to be validated by OMSO. It is also possible that if we are found to have caused borrower harm, we would be subject to costs to remediate that harm. In addition, in the event that there were widespread metric failures, it is possible that OMSO or the District Court could determine that we were generally violating the settlement and seek to impose a broader range of financial, injunctive or other penalties on us.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2014, OMSO identified two issues involving our compliance with the Ocwen National Mortgage Settlement. The first concerned the adequacy and independence of our IRG, which is responsible for reporting on our compliance with the settlement. The second concerned the letter dating issues discussed above. OMSO’s reports since then have identified the steps we have taken to remediate these issues and acknowledged Ocwen’s cooperation. OMSO’s most recent compliance report, dated September 8, 2016, covering the first third and fourth quarters of 2015, indicated that the IRG performed its work in all material respects as required under the National Mortgage Settlement. The report noted that Ocwen failed two metrics tests for the fourth quarter of 2015, both of which related to lender-placed insurance, but also noted that Ocwen had submitted, and OMSO had approved, CAPs for those two errors. OMSO’s April 28, 2016 report indicated that the letter-dating issues are subject to the global CAP discussed above, which OMSO deemed completed. That report further indicated that Ocwen did not fail any metrics in the first two quarters of 2015. In the same report, OMSO indicated that Ocwen completed all Consumer Relief required under the National Mortgage Settlement, crediting Ocwen with over </font><font style="font-family:inherit;font-size:10pt;">$2.1 billion</font><font style="font-family:inherit;font-size:10pt;"> in consumer relief credits, which exceeded Ocwen’s obligations.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We continue to work with OMSO on ongoing testing and CAPs. While, to date, these issues have not resulted in financial or other penalties, if we are found to have breached the Ocwen National Mortgage Settlement, we could become subject to financial penalties or other regulatory action could be taken against us. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Securities and Exchange Commission</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, we received a letter from the New York Regional Office of the SEC (the Staff) informing us that it was conducting an investigation relating to the use of collection agents by mortgage loan servicers. The letter requested that we voluntarily produce documents and information. We believe that the February 2015 letter was also sent to other companies in the industry. On February 11, 2016, we received a letter from the Staff informing us that it was conducting an investigation relating to fees and expenses incurred in connection with liquidated loans and REO properties held in non-agency RMBS trusts. The letter requested that we voluntarily produce documents and information. We are cooperating with the Staff on these matters.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the above matters, our loan origination and servicing businesses require one or more licenses in the various jurisdictions in which we operate. Our licensed entities are required to renew their licenses, typically on an annual basis, and to do so they must satisfy the license renewal requirements of each jurisdiction, which in some cases include the requirement to provide audited financial statements. </font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The same agencies that issue licenses to us engage in regular supervisory examinations of the licensable activities. We are also subject to supervision by the CFPB at the federal level, and it similarly has the authority to conduct regulatory examinations, in addition to its enforcement and investigatory powers. These examinations are part of our ordinary course business activities, and the mere existence of an examination is not typically indicative of anything unusual or material as to that business. The GSEs (and their conservator, FHFA), HUD, FHA, VA, Ginnie Mae, the United States Treasury Department, and others also subject us to periodic reviews and audits. We also receive information requests and other inquiries, both formal and informal in nature, from these agencies as part of their general regulatory or other oversight of our origination and servicing businesses. </font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We also have regular engagements with not only our state financial regulators, but also the attorneys general in the various states and the CFPB to address individual borrower complaints that they bring to our attention, or to respond to information requests and other inquiries. On occasion, we also engage with U.S. attorneys. Many of these matters are brought to our attention as a complaint that the entity is investigating, although some are formal investigations or proceedings. Ocwen is currently in receipt of one Civil Investigative Demand from the Massachusetts Attorney’s General Office and two subpoenas from the Office of the United States Attorney for the District of Massachusetts seeking information about our servicing practices in addition to the regulatory matters discussed above under </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;">Note 17 – Regulatory Requirements</font><font style="font-family:inherit;font-size:10pt;">, including the NORA letter from the CFPB and our discussions with the CFPB on these matters.</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To the extent that an examination, monitorship, audit or other regulatory engagement results in an alleged failure by us to comply with applicable law, regulation or licensing requirement, or if allegations are made that we have failed to comply with the commitments we have made in connection with our regulatory settlements or if other regulatory actions of a similar or different nature are taken in the future against us, this could lead to (i) loss of our licenses and approvals to engage in our servicing and lending businesses, (ii) governmental investigations and enforcement actions, (iii) administrative fines and penalties and litigation, (iv) civil and criminal liability, including class action lawsuits and actions to recover incentive and other payments made by governmental entities, (v) breaches of covenants and representations under our servicing, debt or other agreements, (vi) damage to our reputation, (vii) inability to raise capital and (viii) inability to execute on our business strategy. Any of these occurrences could increase our operating expenses and reduce our revenues, hamper our ability to grow or otherwise materially and adversely affect our business, reputation, financial condition, liquidity and results of operations.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Loan Put-Back and Related Contingencies</font></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have exposure to origination representation, warranty and indemnification obligations because of our lending, sales and securitization activities and in connection with our servicing practices. At </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September 30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we had outstanding representation and warranty repurchase demands of </font><font style="font-family:inherit;font-size:10pt;">$59.3 million</font><font style="font-family:inherit;font-size:10pt;"> UPB (</font><font style="font-family:inherit;font-size:10pt;">272</font><font style="font-family:inherit;font-size:10pt;"> loans) and </font><font style="font-family:inherit;font-size:10pt;">$101.1 million</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">516</font><font style="font-family:inherit;font-size:10pt;"> loans), respectively. We review each demand and monitor through resolution, primarily through rescission, loan repurchase or make-whole payment. </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents the changes in our liability for representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and similar indemnification obligations for the </font><font style="font-family:inherit;font-size:10pt;">nine months ended September 30</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Beginning balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36,615</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,918</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Provision for representation and warranty obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,403</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,695</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New production reserves</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">615</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">664</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Payments made in connection with sales of MSRs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,320</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(30,906</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Charge-offs and other (1)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(6,396</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#eaf9e8;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(17,498</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#eaf9e8;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Ending balance</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27,111</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,873</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Includes principal and interest losses realized in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.</font></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that it is reasonably possible that losses beyond amounts currently recorded for potential representation and warranty obligations and other claims described above could occur, and such losses could have an adverse impact on our results of operations, financial condition or cash flows. However, based on currently available information, we are unable to estimate a range of reasonably possible losses above amounts that have been recorded at </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:9pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">OLS, on its own behalf and on behalf of various investors, has been engaged in a variety of activities to seek payments from mortgage insurers for unpaid claims, including claims where the mortgage insurers paid less than the full claim amount. Ocwen believes that many of the actions by mortgage insurers were in violation of the applicable insurance policies and insurance law. Ocwen is in the process of settlement discussions with certain mortgage insurers. In some cases, Ocwen has entered into tolling agreements, initiated arbitration or litigation, or taken other similar actions. While we expect the ultimate outcome to result in recovery of some unpaid mortgage insurance claims, we cannot quantify the likely amount at this time.</font></div></div> | ||
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Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of our retrospective adoption on January 1, 2016 of FASB Accounting Standards Update (ASU) 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;">, and ASU 2015-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest—Imputation of Interest: Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting</font><font style="font-family:inherit;font-size:10pt;">, unamortized debt issuance costs that are not related to revolving line-of-credit arrangements have been reclassified from other assets to other secured borrowings and senior unsecured notes on the consolidated balance sheets, resulting in a reduction to Ocwen’s assets and liabilities of </font><font style="font-family:inherit;font-size:10pt;">$16.3 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$24.5 million</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and December 31, 2015, respectively.</font></div></div> | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period and the related disclosures in the accompanying notes. Such estimates and assumptions include, but are not limited to, those that relate to fair value measurements, the provision for potential losses that may arise from litigation proceedings, and representation and warranty and other indemnification obligations. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ from those estimates and assumptions.</font></div></div> |
