2020 Q2 Form 10-Q Financial Statement

#000162828020011652 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $227.0M $274.3M
YoY Change -17.25% 8.19%
Cost Of Revenue $40.80M $168.8M
YoY Change -75.83% 174.92%
Gross Profit $186.2M $105.6M
YoY Change 76.33% -45.06%
Gross Profit Margin 82.02% 38.49%
Selling, General & Admin $121.1M $158.1M
YoY Change -23.4% 13.74%
% of Gross Profit 65.04% 149.72%
Research & Development $16.11M $20.00M
YoY Change -19.45% -16.33%
% of Gross Profit 8.65% 18.94%
Depreciation & Amortization $7.096M $11.01M
YoY Change -35.56% 80.08%
% of Gross Profit 3.81% 10.43%
Operating Expenses $16.11M $20.00M
YoY Change -19.45% -16.33%
Operating Profit $170.1M $85.60M
YoY Change 98.7% -49.14%
Interest Expense $26.76M $28.64M
YoY Change -6.57% -63.05%
% of Operating Profit 15.73% 33.46%
Other Income/Expense, Net -$64.94M -$27.18M
YoY Change 138.94% -64.4%
Pretax Income -$6.156M -$84.33M
YoY Change -92.7% 196.89%
Income Tax -$8.110M $5.404M
% Of Pretax Income
Net Earnings $1.954M -$89.74M
YoY Change -102.18% 200.82%
Net Earnings / Revenue 0.86% -32.71%
Basic Earnings Per Share $0.23 -$10.01
Diluted Earnings Per Share $0.23 -$10.01
COMMON SHARES
Basic Shares Outstanding 8.651M shares 134.5M shares
Diluted Shares Outstanding 8.661M shares 134.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $314.0M $288.0M
YoY Change 9.03% 25.22%
Cash & Equivalents $313.7M $287.7M
Short-Term Investments
Other Short-Term Assets $46.00M $39.00M
YoY Change 17.95% 8.33%
Inventory
Prepaid Expenses
Receivables $98.00M $127.0M
Other Receivables $150.0M $61.00M
Total Short-Term Assets $608.0M $515.0M
YoY Change 18.06% 15.73%
LONG-TERM ASSETS
Property, Plant & Equipment $29.70M $57.60M
YoY Change -48.44% 88.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.000M $4.000M
YoY Change 0.0% 100.0%
Other Assets $66.00M $67.00M
YoY Change -1.49%
Total Long-Term Assets $9.702B $9.113B
YoY Change 6.47% 14.26%
TOTAL ASSETS
Total Short-Term Assets $608.0M $515.0M
Total Long-Term Assets $9.702B $9.113B
Total Assets $10.31B $9.628B
YoY Change 7.09% 14.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.0M $93.00M
YoY Change 60.22% 40.91%
Accrued Expenses $144.0M $194.0M
YoY Change -25.77% 64.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $293.0M $287.0M
YoY Change 2.09% 55.98%
LONG-TERM LIABILITIES
Long-Term Debt $8.843B $8.313B
YoY Change 6.38% 15.03%
Other Long-Term Liabilities $742.0M $605.0M
YoY Change 22.64% 48.28%
Total Long-Term Liabilities $9.585B $8.918B
YoY Change 7.48% 16.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $293.0M $287.0M
Total Long-Term Liabilities $9.585B $8.918B
Total Liabilities $9.878B $9.205B
YoY Change 7.31% 17.72%
SHAREHOLDERS EQUITY
Retained Earnings -$115.0M -$130.6M
YoY Change -11.95% -377.64%
Common Stock $1.300M $1.346M
YoY Change -3.42% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $433.0M $423.0M
YoY Change
Total Liabilities & Shareholders Equity $10.31B $9.628B
YoY Change 7.09% 14.34%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $1.954M -$89.74M
YoY Change -102.18% 200.82%
Depreciation, Depletion And Amortization $7.096M $11.01M
YoY Change -35.56% 80.08%
Cash From Operating Activities $53.80M $28.10M
YoY Change 91.46% -71.09%
INVESTING ACTIVITIES
Capital Expenditures -$19.90M -$51.30M
YoY Change -61.21% 1408.82%
Acquisitions
YoY Change
Other Investing Activities -$76.20M -$85.10M
YoY Change -10.46% -32.94%
Cash From Investing Activities -$96.10M -$136.5M
YoY Change -29.6% 4.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 103.1M 130.2M
YoY Change -20.81% -492.17%
NET CHANGE
Cash From Operating Activities 53.80M 28.10M
Cash From Investing Activities -96.10M -136.5M
Cash From Financing Activities 103.1M 130.2M
Net Change In Cash 60.80M 21.80M
YoY Change 178.9% -132.88%
FREE CASH FLOW
Cash From Operating Activities $53.80M $28.10M
Capital Expenditures -$19.90M -$51.30M
Free Cash Flow $73.70M $79.40M
YoY Change -7.18% -21.07%

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CY2019Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-337000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-92000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-674000 USD
CY2020Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
7000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
13000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2040000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-89357000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23367000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-133474000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
429857000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1954000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
872000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
86000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432769000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
511594000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-89737000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
657000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
380000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422894000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
412011000 USD
us-gaap Net Income Loss
NetIncomeLoss
-23535000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4605000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1692000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
168000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432769000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
554705000 USD
us-gaap Net Income Loss
NetIncomeLoss
-134231000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1647000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
757000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422894000 USD
us-gaap Profit Loss
ProfitLoss
-23535000 USD
us-gaap Profit Loss
ProfitLoss
-134231000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
197554000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
256266000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
161000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
869000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11939000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17158000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11093000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19563000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3538000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1451000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1523000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1664000 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
31716000 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
76981000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
15351000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
37201000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
46878000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
17300000 USD
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 USD
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
-381000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
1949022000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
501696000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
1936204000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
513706000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-144020000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-91679000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-39998000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-79931000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-45533000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-79753000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-8854000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4965000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
224819000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
128803000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
568074000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
427021000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
370114000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
232514000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
48014000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
99382000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
1401000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
443000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2132000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2756000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1133000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
4350000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3166000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
674000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
122000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-534000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-243385000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-287789000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
66459000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
106488000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2696563000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1137418000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2808581000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1222471000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
119100000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-131066000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-12716000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7451000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1284000 USD
ocn Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing
ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing
0 USD
ocn Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing
ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing
876000 USD
ocn Proceeds From Sale Of Mortgage Loans Financing
ProceedsFromSaleOfMortgageLoansFinancing
590640000 USD
ocn Proceeds From Sale Of Mortgage Loans Financing
ProceedsFromSaleOfMortgageLoansFinancing
425106000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
365233000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
228015000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4605000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-33000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1118000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-96225000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
110408000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-114791000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-48578000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
492340000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397010000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377549000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
348432000 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Assets
DeconsolidationofMortgageBackedSecuritizationTrustAssets
10715000 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Assets
DeconsolidationofMortgageBackedSecuritizationTrustAssets
0 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Liabilities
DeconsolidationofMortgageBackedSecuritizationTrustLiabilities
9519000 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Liabilities
DeconsolidationofMortgageBackedSecuritizationTrustLiabilities
0 USD
ocn Servicing Asset At Fair Value Derecognition
ServicingAssetAtFairValueDerecognition
263344000 USD
ocn Servicing Asset At Fair Value Derecognition
ServicingAssetAtFairValueDerecognition
0 USD
ocn Servicing Asset At Fair Value Pledged Financing Liability Derecognition
ServicingAssetAtFairValuePledgedFinancingLiabilityDerecognition
263344000 USD
ocn Servicing Asset At Fair Value Pledged Financing Liability Derecognition
ServicingAssetAtFairValuePledgedFinancingLiabilityDerecognition
0 USD
ocn Future Draw Commitments Fair Value Disclosure
FutureDrawCommitmentsFairValueDisclosure
47038000 USD
ocn Future Draw Commitments Fair Value Disclosure
FutureDrawCommitmentsFairValueDisclosure
0 USD
ocn Recognitionof Gross Rightofuse Asset
RecognitionofGrossRightofuseAsset
2608000 USD
ocn Recognitionof Gross Rightofuse Asset
RecognitionofGrossRightofuseAsset
66231000 USD
ocn Recognitionof Lease Liability
RecognitionofLeaseLiability
2597000 USD
ocn Recognitionof Lease Liability
RecognitionofLeaseLiability
66247000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
841000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
3153000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
313736000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
287724000 USD
CY2020Q2 ocn Debt Service Accounts
DebtServiceAccounts
18757000 USD
CY2019Q2 ocn Debt Service Accounts
DebtServiceAccounts
19588000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
45056000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
41120000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377549000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
348432000 USD
CY2020Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
5500 Employee
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates and Assumptions</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions include, but are not limited to, those that relate to fair value measurements, income taxes, the provision for losses that may arise from litigation proceedings, and our going concern evaluation. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ from those estimates and assumptions.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain amounts in the unaudited consolidated balance sheet at December 31, 2019, the unaudited consolidated statement of operations for the </span><span style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and the unaudited consolidated statement of cash flows for the </span><span style="font-family:inherit;font-size:10pt;">six months ended June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> have been reclassified to conform to the current period presentation. The reclassifications had no impact on total assets or total liabilities in our unaudited consolidated balance sheets, no impact on net income (loss) or total revenue in our unaudited consolidated statements of operations and no impact on operating, investing and financing cash flows in our unaudited consolidated statements of cash flows.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We now present Reverse mortgage revenue, net as a separate revenue line item on the face of the unaudited consolidated statements of operations to provide a further breakdown of Other revenue, net and provide greater transparency on the performance associated with our portfolio of HECM loans, net of the HMBS-related borrowings that are both measured at fair value, as follows:</span></div><div style="line-height:120%;text-align:center;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;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="11"/></tr><tr><td style="width:1%;"/><td style="width:7%;"/><td style="width:5%;"/><td style="width:58%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Periods Ended June 30, 2019</span></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassification within the Statement of Operations </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain on loans held for sale, net</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,757</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,370</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other revenue, net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,514</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,777</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Servicing and subservicing fees </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(778</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,531</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">To</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reverse mortgage revenue, net (New line item)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>20,493</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52,616</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:8px;text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the above reclassifications, we have made the following presentation changes:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the unaudited consolidated statements of operations, we now separately present MSR valuation adjustments, net from Total expenses, renamed “Operating expenses”. The purpose of this reclassification is to separately present fair value changes from operating expenses and provide additional insights on the nature of our performance.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Within Other income (expense), net on the unaudited consolidated statements of operations, we now present the expense related to the pledged MSR liability recorded at fair value separately from Interest expense. The purpose of this reclassification is to improve transparency between the interest expense associated with interest-bearing liabilities recorded on an accrual basis and expenses that are attributable to the pledged MSR liability recorded at fair value. The pledged MSR liability is the obligation to deliver to NRZ all contractual cash flows associated with the underlying </span></div></td></tr></table><div style="line-height:120%;padding-left:48px;"><span style="font-family:inherit;font-size:10pt;">MSR that did not meet the requirements for sale accounting treatment. The Pledged MSR liability expense reflects net servicing fee remittance and fair value changes. </span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Within the Total assets section of our consolidated balance sheet at December 31, 2019, we reclassified Match funded advances to Advances to present all servicing-related advances as a single line item.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Within the Cash flows from operating activities section, we reclassified Amortization of debt issuance costs of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Other, net to a new separate line item.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Within the Cash flows from operating activities section, we reclassified Gain on loans held for sale, net of </span><span style="font-family:inherit;font-size:10pt;"><span>$2.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> related to reverse mortgages to Other, net.</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Within the Cash flows from investing activities section, we reclassified Proceeds from sale of real estate of </span><span style="font-family:inherit;font-size:10pt;"><span>$3.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Other, net to a new separate line.</span></div>
CY2020Q2 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
2900000 USD
CY2019Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
65000000.0 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
3300000 USD
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
22115000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
10126000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
18347000 USD
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
14381000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
64969000 USD
ocn Average Periodto Securitization
AveragePeriodtoSecuritization
P30D
CY2020Q2 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
1071252000 USD
CY2019Q2 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
195973000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
1891253000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
438933000 USD
CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
10391000 USD
CY2019Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
12826000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
22643000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
28744000 USD
CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
1669000 USD
CY2019Q2 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
143000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
4277000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
1047000 USD
CY2020Q2 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
1079974000 USD
CY2019Q2 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
208656000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
1909619000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
466630000 USD
CY2020Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
9100000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
15700000 USD
CY2019Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
800000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
1600000 USD
CY2020Q2 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
17531932000 USD
CY2019Q4 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
14490984000 USD
CY2020Q2 ocn Maximum Exposure To Loss
MaximumExposureToLoss
17804161000 USD
CY2019Q4 ocn Maximum Exposure To Loss
MaximumExposureToLoss
14742394000 USD
ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.093
CY2019 ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.077
ocn Pledged Advance Remittance Period
PledgedAdvanceRemittancePeriod
P2D
CY2020Q2 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets
1200000 USD
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
26000 USD
CY2020Q2 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
86826000 USD
CY2020Q2 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
165611000 USD
CY2020Q2 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
33066000 USD
CY2020Q2 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
64206000 USD
CY2019Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
208752000 USD
CY2018Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
176525000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1949022000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
370207000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1872776000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
405999000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
15758000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
11046000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1119000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
884000 USD
ocn Transfer Of Portfolio Loans To Held For Sale At Lower Of Cost Or Fair Value
TransferOfPortfolioLoansToHeldForSaleAtLowerOfCostOrFairValue
0 USD
ocn Transfer Of Portfolio Loans To Held For Sale At Lower Of Cost Or Fair Value
TransferOfPortfolioLoansToHeldForSaleAtLowerOfCostOrFairValue
2866000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
48226000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
746000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
841000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
866000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
28253000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
18148000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-2295000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-292000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
-5787000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
8258000 USD
CY2020Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
253037000 USD
CY2019Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
135691000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
10100000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
7500000 USD
CY2019Q4 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
66517000 USD
CY2018Q4 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
66097000 USD
ocn Paymentsfor Originationof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
131489000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
46865000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
92478000 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
805000 USD
ocn Paymentsfor Originationof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
0 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
4183000 USD
ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
-61000 USD
ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
53657000 USD
ocn Transfersto Real Estate Ownedfrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
0 USD
ocn Transfersto Real Estate Ownedfrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
2287000 USD
ocn Transfer To Loans Held For Sale At Lower Of Cost Or Fair Value From Mortgage Loans Held For Sale At Fair Value
TransferToLoansHeldForSaleAtLowerOfCostOrFairValueFromMortgageLoansHeldForSaleAtFairValue
0 USD
ocn Transfer To Loans Held For Sale At Lower Of Cost Or Fair Value From Mortgage Loans Held For Sale At Fair Value
TransferToLoansHeldForSaleAtLowerOfCostOrFairValueFromMortgageLoansHeldForSaleAtFairValue
2866000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
1615000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
1815000 USD
ocn Increase Decreasein Valuation Allowanceof Mortgage Loans Heldforsaleat Lower Costor Fair Value
IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
243000 USD
ocn Increase Decreasein Valuation Allowanceof Mortgage Loans Heldforsaleat Lower Costor Fair Value
IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
1512000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
4714000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
9206000 USD
CY2020Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
25480000 USD
CY2019Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
60380000 USD
CY2020Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
9128000 USD
CY2019Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
816000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
15689000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
1644000 USD
CY2020Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
30545000 USD
CY2019Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
8830000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
45366000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
20640000 USD
CY2020Q2 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
6334000 USD
CY2019Q2 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
45000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
12048000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
-296000 USD
CY2020Q2 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
147000 USD
CY2019Q2 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
468000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
306000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
326000 USD
CY2020Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-3128000 USD
CY2019Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-968000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-10320000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-3238000 USD
CY2020Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-351000 USD
CY2019Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-57000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-522000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-132000 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
33547000 USD
CY2019Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
8318000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
46878000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
17300000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
908829000 USD
CY2019Q4 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
1066448000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7820000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9925000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Net Of Valuation Allowance
AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance
901009000 USD
CY2019Q4 ocn Advances Payments On Behalf Of Borrower Net Of Valuation Allowance
AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance
1056523000 USD
CY2019Q4 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
1056523000 USD
CY2018Q4 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
1186676000 USD
ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
0 USD
ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
688000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
469028000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
254000000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
454000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
707000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
626193000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
331764000 USD
ocn Advances Payments On Behalfof Borrowers Collection Of Advances Decrease
AdvancesPaymentsOnBehalfofBorrowersCollectionOfAdvancesDecrease
2105000 USD
ocn Advances Payments On Behalfof Borrowers Collection Of Advances Decrease
AdvancesPaymentsOnBehalfofBorrowersCollectionOfAdvancesDecrease
-4394000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
901009000 USD
CY2019Q2 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
1104499000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7373000 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
23135000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9925000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
23259000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
4532000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
2041000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
3771000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
3803000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
5876000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
-591000 USD
CY2020Q2 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
4085000 USD
CY2019Q2 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
-2477000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7820000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
27653000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7820000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
27653000 USD
CY2020Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1050228000 USD
CY2019Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1400191000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
51000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
3000 USD
CY2020Q2 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
9128000 USD
CY2019Q2 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
1188000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
15255000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
59979000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
1307000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-1454000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-249000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
94820000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
31202000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
52448000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1044914000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1312633000 USD
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1486395000 USD
CY2018Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1457149000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
107000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
570000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
15689000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
2698000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
46745000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
114389000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-263443000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-4767000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
156495000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
159093000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
83870000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
97173000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1044914000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1312633000 USD
CY2020Q2 ocn Loans Serviced Servicing
LoansServicedServicing
70463896000 USD
CY2019Q4 ocn Loans Serviced Servicing
LoansServicedServicing
70428208000 USD
CY2019Q2 ocn Loans Serviced Servicing
LoansServicedServicing
74320255000 USD
CY2020Q2 ocn Loans Serviced Reverse Mortgage
LoansServicedReverseMortgage
6521219000 USD
CY2019Q4 ocn Loans Serviced Reverse Mortgage
LoansServicedReverseMortgage
6229724000 USD
CY2019Q2 ocn Loans Serviced Reverse Mortgage
LoansServicedReverseMortgage
5820873000 USD
CY2020Q2 ocn Loans Serviced Subservicing
LoansServicedSubservicing
20007180000 USD
CY2019Q4 ocn Loans Serviced Subservicing
LoansServicedSubservicing
17120905000 USD
CY2019Q2 ocn Loans Serviced Subservicing
LoansServicedSubservicing
27432019000 USD
CY2020Q2 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
109020760000 USD
CY2019Q4 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
118587594000 USD
CY2019Q2 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
121709898000 USD
CY2020Q2 ocn Assets Serviced
AssetsServiced
206013055000 USD
CY2019Q4 ocn Assets Serviced
AssetsServiced
212366431000 USD
CY2019Q2 ocn Assets Serviced
AssetsServiced
229283045000 USD
CY2020Q2 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
5700000000 USD
CY2019Q2 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
10800000000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
41700000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
100100000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
52336000 USD
CY2019Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
55387000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
107745000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
108569000 USD
CY2020Q2 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
10630000 USD
CY2019Q2 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
4203000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
15820000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
10410000 USD
CY2020Q2 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
88405000 USD
CY2019Q2 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
141091000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
208073000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
296938000 USD
CY2020Q2 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
151371000 USD
CY2019Q2 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
200681000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
331638000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
415917000 USD
CY2020Q2 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
12672000 USD
CY2019Q2 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
13242000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
27311000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
28682000 USD
CY2020Q2 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
1590000 USD
CY2019Q2 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
13341000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
7731000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
25275000 USD
CY2020Q2 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
2744000 USD
CY2019Q2 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
3401000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
7000000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
7750000 USD
CY2020Q2 ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
20000 USD
CY2019Q2 ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
1565000 USD
ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
428000 USD
ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
3342000 USD
CY2020Q2 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
6843000 USD
CY2019Q2 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
7730000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
12615000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
15610000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
175240000 USD
CY2019Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
239960000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
386723000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
496576000 USD
CY2020Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1900000000 USD
CY2019Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1700000000 USD
CY2019Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
2000000000.0 USD
CY2020Q1 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
601684000 USD
CY2020Q2 ocn Runoff Settlements And Other Financing Liability
RunoffSettlementsAndOtherFinancingLiability
0 USD
CY2020Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
582558000 USD
CY2019Q1 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
951216000 USD
CY2019Q2 us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
299000 USD
CY2019Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
844913000 USD
CY2019Q4 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
950593000 USD
CY2020Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
582558000 USD
CY2018Q4 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
1032856000 USD
us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
876000 USD
CY2019Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
844913000 USD
CY2017Q3 ocn Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing
ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing
54600000 USD
CY2018Q1 ocn Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing
ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing
279600000 USD
CY2020Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
71400000000 USD
CY2017Q2 ocn Initial Term To Subservice Mortgage Servicing Rights
InitialTermToSubserviceMortgageServicingRights
P3Y
CY2020Q2 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
123781000 USD
CY2019Q4 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
122557000 USD
CY2020Q2 ocn Amount Due On Sales Of Mortgage Servicing Rights And Advances
AmountDueOnSalesOfMortgageServicingRightsAndAdvances
0 USD
CY2019Q4 ocn Amount Due On Sales Of Mortgage Servicing Rights And Advances
AmountDueOnSalesOfMortgageServicingRightsAndAdvances
24167000 USD
CY2020Q2 ocn Counter Party Receivables
CounterPartyReceivables
1160000 USD
CY2019Q4 ocn Counter Party Receivables
CounterPartyReceivables
9197000 USD
CY2020Q2 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
6925000 USD
CY2019Q4 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
13052000 USD
CY2020Q2 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
18511000 USD
CY2019Q4 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
27175000 USD
CY2020Q2 ocn Servicing Receivable Other
ServicingReceivableOther
2475000 USD
CY2019Q4 ocn Servicing Receivable Other
ServicingReceivableOther
4970000 USD
CY2020Q2 ocn Servicing Receivable Net
ServicingReceivableNet
152852000 USD
CY2019Q4 ocn Servicing Receivable Net
ServicingReceivableNet
201118000 USD
CY2020Q2 us-gaap Income Tax Receivable
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IncomeTaxReceivable
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CY2019Q4 ocn Other Receivables Net
OtherReceivablesNet
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OtherReceivablesGross
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CY2019Q4 ocn Other Receivables Gross
OtherReceivablesGross
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OtherReceivablesAllowanceForLosses
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CY2019Q4 ocn Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
57872000 USD
CY2020Q2 us-gaap Other Receivables
OtherReceivables
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CY2019Q4 us-gaap Other Receivables
OtherReceivables
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CY2019Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
492900000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Net
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22852000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
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CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
21996000 USD
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15173000 USD
CY2019Q4 us-gaap Prepaid Expense Other Noncurrent
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15173000 USD
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CY2019Q4 us-gaap Deferred Finance Costs Net
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CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
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CY2020Q2 us-gaap Deposits Assets
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2141000 USD
CY2019Q4 us-gaap Deposits Assets
DepositsAssets
2163000 USD
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CY2019Q4 us-gaap Deferred Income Tax Assets Net
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CY2020Q2 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
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CY2019Q4 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
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2075000 USD
CY2020Q2 us-gaap Time Deposits At Carrying Value
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369000 USD
CY2019Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
390000 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets
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3657000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3164000 USD
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CY2019Q4 us-gaap Other Assets
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563240000 USD
CY2020Q2 us-gaap Debt Instrument Unused Borrowing Capacity Amount
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CY2020Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
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CY2019Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6063435000 USD
CY2020Q2 ocn Other Financing Liabilities
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CY2019Q4 ocn Other Financing Liabilities
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q2 ocn Debt Instrument Covenant Compliance Consolidated Tangible Net Worthat Period End
DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
200000000.0 USD
CY2020Q2 ocn Debt Instrument Covenant Complianceon Repurchaseof Securitiesand Prepaymentof Junior Debt
DebtInstrumentCovenantComplianceonRepurchaseofSecuritiesandPrepaymentofJuniorDebt
10000000.0 USD
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Cash
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CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
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CY2020Q2 us-gaap Servicing Asset
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CY2020Q2 ocn Advances
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CY2020Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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CY2020Q2 us-gaap Loans Receivable Fair Value Disclosure
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CY2020Q2 us-gaap Assets
Assets
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CY2020Q1 ocn Stock Repurchased During Period Value Before Commissions
StockRepurchasedDuringPeriodValueBeforeCommissions
4500000 USD
CY2020Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
614447000 USD
CY2019Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
492900000 USD
CY2020Q2 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
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CY2019Q4 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
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CY2020Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
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CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
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67241000 USD
CY2020Q2 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
45601000 USD
CY2019Q4 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
52785000 USD
CY2020Q2 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
42383000 USD
CY2019Q4 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
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CY2020Q2 us-gaap Operating Lease Liability
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39761000 USD
CY2019Q4 us-gaap Operating Lease Liability
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44488000 USD
CY2020Q2 ocn Checks Held For Escheat
ChecksHeldForEscheat
30178000 USD
CY2019Q4 ocn Checks Held For Escheat
ChecksHeldForEscheat
31959000 USD
CY2020Q2 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
27801000 USD
CY2019Q4 us-gaap Litigation Reserve Noncurrent
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30663000 USD
CY2020Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
12626000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
13383000 USD
CY2020Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
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CY2019Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
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CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
7302000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5964000 USD
CY2020Q2 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
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CY2019Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
5331000 USD
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1033000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
100000 USD
CY2020Q2 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
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CY2019Q4 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
6820000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21930000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21579000 USD
CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
1034366000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
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CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
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CY2020Q1 ocn Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
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CY2020Q1 us-gaap Payments For Commissions
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500000 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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InterestExpense
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CY2019Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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ocn Income Tax Expense Benefit Before Unusual Or Infrequent Item Or Both
IncomeTaxExpenseBenefitBeforeUnusualOrInfrequentItemOrBoth
5000000.0 USD
CY2020Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
134465741 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132313964 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2019Q2 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
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q2 ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
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CY2019Q2 ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
0 shares
ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
0 shares
ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132313964 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2020Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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BasicEarningsPerShareProForma
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us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
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us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
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CY2019Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
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us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-2.67
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
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CY2020Q2 us-gaap Revenues
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CY2020Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
23434000 USD
CY2020Q2 us-gaap Costs And Expenses
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CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2020Q2 us-gaap Interest Expense
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CY2020Q2 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
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CY2020Q2 us-gaap Other Nonoperating Income Expense
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CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2019Q2 us-gaap Revenues
Revenues
274338000 USD
CY2019Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
147268000 USD
CY2019Q2 us-gaap Costs And Expenses
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CY2019Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2019Q2 us-gaap Interest Expense
InterestExpense
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CY2019Q2 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
2930000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
557000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Revenues
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480866000 USD
us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Interest And Other Income
InterestAndOtherIncome
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us-gaap Interest Expense
InterestExpense
56742000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
48280000 USD
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OtherNonoperatingIncomeExpense
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NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Revenues
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us-gaap Costs And Expenses
CostsAndExpenses
355333000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
8395000 USD
us-gaap Interest Expense
InterestExpense
55130000 USD
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ServicingAssetAtAmortizedValueAmortization1
46886000 USD
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OtherNonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2020Q2 us-gaap Assets
Assets
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CY2019Q4 us-gaap Assets
Assets
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CY2019Q2 us-gaap Assets
Assets
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CY2020Q2 us-gaap Depreciation
Depreciation
7096000 USD
CY2020Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1805000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
11012000 USD
CY2019Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
350000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
751000 USD
us-gaap Depreciation
Depreciation
11093000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
643000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3538000 USD
us-gaap Depreciation
Depreciation
19563000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
701000 USD
CY2020Q2 us-gaap Capital
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328800000 USD
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OutstandingAmountOfDebtForgivenessForBorrowers
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1451000 USD
CY2020Q2 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
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ocn Advance Reimbursement Period
AdvanceReimbursementPeriod
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CY2020Q1 ocn Cares Act Forbearance Period Covid19
CARESActForbearancePeriodCOVID19
P180D
CY2020Q1 ocn Cares Act Additional Forbearance Period Covid19
CARESActAdditionalForbearancePeriodCOVID19
P180D
ocn Number Of Days From Fiscal Year End That Servicer Is Obliged To Provide Audited Financial Statements
NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements
P90D
CY2020Q2 ocn Number Of Borrowers Requesting Forbearance Plan No Advance Requirements
NumberOfBorrowersRequestingForbearancePlanNoAdvanceRequirements
5400 Borrower
CY2020Q1 ocn Number Of Borrowers Requesting Forbearance Plan No Advance Requirements
NumberOfBorrowersRequestingForbearancePlanNoAdvanceRequirements
1300 Borrower
CY2020Q2 ocn Number Of Borrowers Requesting Forbearance Plan
NumberOfBorrowersRequestingForbearancePlan
131400 Borrower
CY2020Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
135900000 USD
CY2020Q1 ocn Number Of Borrowers Requesting Forbearance Plan
NumberOfBorrowersRequestingForbearancePlan
27500 Borrower
CY2020Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
29200000 USD
ocn Threshold Percentage Of Outstanding Principal Balance On Maximum Claim Amount
ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount
0.98
ocn Threshold Percentage Of Outstanding Principal Balance On Maximum Claim Amount
ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount
0.98
CY2019Q4 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding
320 Securities
CY2019Q4 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue
35693000 USD
ocn Additions To Home Equity Conversion Mortgage Backed Security Repurchases
AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases
268 Securities
ocn Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value
AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
46244000 USD
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases
21 Securities
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases Value
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
-12460000 USD
ocn Transfers Related To Home Equity Conversion Mortgage Backed Security Repurchases
TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases
0 Securities
ocn Transfers Related To Home Equity Conversion Mortgage Backed Security Repurchases Value
TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
0 USD
ocn Change In Value Of Home Equity Conversion Mortgage Backed Security Repurchases
ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases
0 Securities
ocn Change In Value Of Home Equity Conversion Mortgage Backed Security Repurchases Value
ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue
-1799000 USD
CY2020Q2 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding
567 Securities
CY2020Q2 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue
67678000 USD
ocn Number Of Maximum Claim Amount Repurchases Loans
NumberOfMaximumClaimAmountRepurchasesLoans
207 Loan
ocn Amount Of Maximum Claim Amount Repurchases
AmountOfMaximumClaimAmountRepurchases
42300000 USD
CY2020Q2 us-gaap Servicing Asset
ServicingAsset
1000000000.0 USD
CY2020Q2 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
175200000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
386700000 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="line-height:120%;padding-bottom:8px;padding-top:16px;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="1"/></tr><tr><td style="width:100%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:8px;padding-top:12px;padding-left:96px;text-indent:-96px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 21 – Contingencies</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span 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 even if the potential loss could be material and adverse to our business, reputation, financial condition and results of operations. 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. </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Litigation</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the ordinary course of business, we are a defendant in, or a party or potential party to, many threatened and pending legal proceedings, including proceedings brought by regulatory agencies (discussed further under “Regulatory” below), those brought on behalf of various classes of claimants, and those brought derivatively on behalf of Ocwen against certain current or former officers and directors or others. In addition, we may be a party or potential party to threatened or pending legal proceedings brought by commercial counterparties, including claims by parties to whom we have sold MSRs or other assets, parties on whose behalf we service mortgage loans, and parties who provide ancillary services including property preservation and other post-foreclosure related services.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The majority of these proceedings are based on alleged violations of federal, state and local laws and regulations governing our mortgage servicing and lending activities, including, among others, the Dodd-Frank Act, the Gramm-Leach-Bliley Act, the FDCPA, the RESPA, the TILA, the Fair Credit Reporting Act, the Servicemembers Civil Relief Act, the Homeowners Protection Act, the Federal Trade Commission Act, the TCPA, the Equal Credit Opportunity Act, as well as individual state licensing and foreclosure laws and federal and local bankruptcy rules. Such proceedings include wrongful foreclosure and eviction actions, allegations of wrongdoing in connection with lender-placed insurance and mortgage reinsurance arrangements, claims relating to our property preservation activities, claims related to REO management, claims relating to our written and telephonic communications with our borrowers such as claims under the TCPA, claims related to our payment, escrow and other processing operations, claims relating to fees imposed on borrowers relating to payment processing, payment facilitation or payment convenience, claims related to ancillary products marketed and sold to borrowers, 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. For example, we are currently a defendant in various matters alleging that (1) certain fees imposed on borrowers relating to payment processing, payment facilitation or payment convenience violate the FDCPA and similar state laws, (2) certain fees we assess on borrowers are marked up improperly in violation of applicable state and federal law, (3) we breached fiduciary duties we purportedly owe to benefit plans due to the discretion we exercise in servicing certain securitized mortgage loans and (4) certain legacy mortgage reinsurance arrangements violated RESPA. In the future, we are likely to become subject to other private legal proceedings alleging failures to comply with applicable laws and regulations, including putative class actions, in the ordinary course of our business.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span 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, including punitive 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, liquidity and results of operations.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span 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. We have accrued 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, </span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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. Our accrual for probable and estimable legal and regulatory matters, including accrued legal fees, was </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:10pt;">. We cannot currently estimate the amount, if any, of reasonably possible losses above amounts that have been recorded at </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen is involved in a TCPA class action that involves claims against trustees of RMBS trusts based on vicarious liability for Ocwen’s alleged non-compliance with the TCPA. The trustees have sought indemnification from Ocwen based on the vicarious liability claims. Additional lawsuits have been and may be filed against us in relation to our TCPA compliance. At this time, Ocwen is unable to predict the outcome of existing lawsuits or any additional lawsuits that may be filed, the possible loss or range of loss, if any, above the amount accrued or the potential impact such lawsuits may have on us or our operations. Ocwen intends to vigorously defend against these lawsuits. If our efforts to defend these lawsuits are not successful, our business, reputation, financial condition, liquidity and results of operations could be materially and adversely affected. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time we are also subject to indemnification claims from contractual parties on whose behalf we service or subservice loans. We are currently involved in a dispute with a former subservicing client relating to alleged violations of our contractual agreements, including that we did not properly submit mortgage insurance and other claims for reimbursement. Ocwen has contested these allegations. We are presently engaged in a dispute resolution process relating to these claims. Ocwen is currently unable to predict the outcome of this dispute or estimate the size of any loss which could result from a potential resolution reached through mediation, following litigation or otherwise.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Over the past several years, lawsuits have been filed by RMBS trust investors alleging that the trustees and master servicers breached their contractual and statutory duties by (i) failing to require loan servicers to abide by their contractual obligations; (ii) failing to declare that certain alleged servicing events of default under the applicable contracts occurred; and (iii) failing to demand that loan sellers repurchase allegedly defective loans, among other things. Ocwen has received several letters from trustees and master servicers purporting to put Ocwen on notice that the trustees and master servicers may ultimately seek indemnification from Ocwen in connection with the litigations. Ocwen has not yet been impleaded into any of these cases, but it has produced and continues to produce documents to the parties in response to third-party subpoenas.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen has, however, been impleaded as a third-party defendant into five consolidated loan repurchase cases first filed against Nomura Credit &amp; Capital, Inc. in 2012 and 2013. Ocwen is vigorously defending itself in those cases against allegations by the mortgage loan seller-defendant that Ocwen failed to inform its contractual counterparties that it had discovered defective loans in the course of servicing them and had otherwise failed to service the loans in accordance with accepted standards. Ocwen is unable at this time to predict the ultimate outcome of these matters, the possible loss or range of loss, if any, associated with the resolution of these matters 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, reputation, financial condition, liquidity and results of operations could be adversely affected.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition, several RMBS trustees have received notices of default alleging material failures by servicers to comply with applicable servicing agreements. Although Ocwen has not yet been sued by an RMBS trustee in response to a notice of default, there is a risk that Ocwen could be replaced as servicer as a result of said notices, that the trustees could take legal action on behalf of the trust certificate holders, or, under certain circumstances, that the RMBS investors who issue notices of default could seek to press their allegations against Ocwen, independent of the trustees. We are unable at this time to predict what, if any, actions any trustee will take in response to a notice of default, nor can we predict at this time the potential loss or range of loss, if any, associated with the resolution of any notices of default 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, reputation, financial condition, liquidity and results of operations.</span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulatory </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:11pt;"><span style="font-family:inherit;font-size:10pt;">We are subject to a number of ongoing federal and state regulatory examinations, consent orders, inquiries, subpoenas, civil investigative demands,</span><span style="font-family:inherit;font-size:11pt;"> </span><span style="font-family:inherit;font-size:10pt;">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.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">To the extent that an examination, audit or other regulatory engagement results in an alleged failure by us to comply with applicable laws, regulations or licensing requirements, or if allegations are made that we have failed to comply with applicable laws, regulations or licensing requirements or the commitments we have made in connection with our regulatory settlements </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">(whether such allegations are made through administrative actions such as cease and desist orders, through legal proceedings or otherwise) or if other regulatory actions of a similar or different nature are taken in the future against us, this could lead to (i) administrative fines and penalties and litigation, (ii) loss of our licenses and approvals to engage in our servicing and lending businesses, (iii) governmental investigations and enforcement actions, (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 or otherwise fund our operations 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.</span></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">CFPB </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In April 2017, the CFPB filed a lawsuit in the federal district court for the Southern District of Florida against Ocwen, Ocwen Mortgage Servicing, Inc. (OMS) and OLS alleging violations of federal consumer financial laws relating to our servicing business dating back to 2014. The CFPB’s claims include allegations regarding (1) the adequacy of Ocwen’s servicing system and integrity of Ocwen’s mortgage servicing data, (2) Ocwen’s foreclosure practices and (3) various purported servicer errors with respect to borrower escrow accounts, hazard insurance policies, timely cancellation of private mortgage insurance, handling of customer complaints, and marketing of optional products. The CFPB alleges violations of laws prohibiting unfair, deceptive or abusive acts or practices, as well as violations of other laws or regulations. The CFPB does not claim specific monetary damages, although it does seek consumer relief, disgorgement of allegedly improper gains, and civil money penalties. We believe we have factual and legal defenses to the CFPB’s allegations and are vigorously defending ourselves. In September 2019, the court issued a ruling on our motion to dismiss, granting it in part and denying it in part. The court granted our motion dismissing the entire complaint without prejudice because the court found that the CFPB engaged in impermissible “shotgun pleading,” holding that the CFPB must amend its complaint to specifically allege and distinguish the facts between all claims. The CFPB filed an amended complaint in October 2019, and we filed our answer and affirmative defenses on November 1, 2019.</span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"> </span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior to the initiation of legal proceedings, we had been engaged with the CFPB in efforts to resolve the matter and recorded </span><span style="font-family:inherit;font-size:10pt;"><span>$12.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> as of December 31, 2016 as a result of these discussions. We are taking all reasonable and prudent actions to resolve the CFPB matter, along with the Florida matter discussed below, in the shortest time frame possible that would result in an acceptable financial outcome for our stakeholders. The Court has consolidated both the CFPB and Florida matters for trial, but has removed them from the October 2020 trial calendar and will reset the trial for a later date. In addition, the Court has ordered the parties to mediation once summary judgment briefing is completed in September 2020. We increased our accrual related to the CFPB and Florida matters by </span><span style="font-family:inherit;font-size:10pt;"><span>$4.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> in the first quarter of 2020. Our current accrual with respect to this matter is included in the </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> legal and regulatory accrual referenced above. The outcome of the matters raised by the CFPB, whether through negotiated settlements, court rulings or otherwise, could potentially involve monetary fines or penalties or additional restrictions on our business and could have a material adverse impact on our business, reputation, financial condition, liquidity and results of operations. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">State Licensing, State Attorneys General and Other Matters</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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 generally include financial requirements such as providing audited financial statements or satisfying minimum net worth requirements and non-financial requirements such as satisfactorily completing examinations as to the licensee’s compliance with applicable laws and regulations. Failure to satisfy any of the requirements to which our licensed entities are subject could result in a variety of regulatory actions ranging from a fine, a directive requiring a certain step to be taken, entry into a consent order, a suspension or ultimately a revocation of a license, any of which could have a material adverse impact on our results of operations and financial condition. In addition, we receive information requests and other inquiries, both formal and informal in nature, from our state financial regulators as part of their general regulatory oversight of our servicing and lending businesses. We also regularly engage with state attorneys general and the CFPB and, on occasion, we engage with other federal agencies, including the Department of Justice and various inspectors general on various matters, including responding to information requests and other inquiries. Many of our regulatory engagements arise from a complaint that the entity is investigating, although some are formal investigations or proceedings. 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 have in the past resolved, and may in the future resolve, matters via consent orders, payments of monetary amounts and other agreements in order to settle issues identified in connection with examinations or other oversight activities, and such resolutions could have material and adverse effects on our business, reputation, operations, results of operations and financial condition. </span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In April 2017 and shortly thereafter, mortgage and banking regulatory agencies from </span><span style="font-family:inherit;font-size:10pt;"><span>29</span></span><span style="font-family:inherit;font-size:10pt;"> states and the District of Columbia took regulatory actions against OLS and certain other Ocwen companies that alleged deficiencies in our compliance with laws and regulations relating to our servicing and lending activities. An additional state regulator brought legal action together with </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">that state’s attorney general, as described below. In general, the regulatory actions took the form of orders styled as “cease and desist orders,” and we use that term to refer to all of the orders for ease of reference; for ease of reference we also include the District of Columbia as a state when we reference states below. All of the cease and desist orders were applicable to OLS, but additional Ocwen entities were named in some orders, including Ocwen Financial Corporation, OMS, Homeward, Liberty, OFSPL and Ocwen Business Solutions, Inc. (OBS). </span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We entered into agreements with all </span><span style="font-family:inherit;font-size:10pt;"><span>29</span></span><span style="font-family:inherit;font-size:10pt;"> states plus the District of Columbia to resolve these regulatory actions. These agreements generally contained the following key terms (the Multi-State Common Settlement Terms):</span></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen would not acquire any new residential MSRs until April 30, 2018. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen would develop a plan of action and milestones regarding its transition from the REALServicing servicing system to an alternate servicing system and, with certain exceptions, would not board any new loans onto the REALServicing system.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the event that Ocwen chose to merge with or acquire an unaffiliated company or its assets in order to effectuate a transfer of loans from the REALServicing system, Ocwen was required to comply with regulatory notice and waiting period requirements.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen would engage a third-party auditor to perform an analysis with respect to our compliance with certain federal and state laws relating to escrow by testing approximately </span><span style="font-family:inherit;font-size:10pt;"><span>9,000</span></span><span style="font-family:inherit;font-size:10pt;"> loan files relating to residential real property in various states, and Ocwen would develop corrective action plans for any errors identified by the third-party auditor.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen would develop and submit for review a plan to enhance our consumer complaint handling processes.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen would provide financial condition reporting on a confidential basis as part of each state’s supervisory framework through September 2020.</span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the terms described above, Ocwen entered into settlements with certain states on different or additional terms, which include making additional communications with and for borrowers, certain restrictions, certain review, reporting and remediation obligations, and the following additional terms: </span></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen agreed with the Connecticut Department of Banking to pay certain amounts only in the event we fail to comply with certain requirements under our agreement with Connecticut. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In its agreement with the Maryland Office of the Commissioner of Financial Regulation, Ocwen agreed to complete an independent management assessment and enterprise risk assessment and to a prohibition, with certain </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">de minimis</span><span style="font-family:inherit;font-size:10pt;"> exceptions, on repurchases of our stock until December 7, 2018. Ocwen also agreed to make certain payments to Maryland, to provide remediation to certain borrowers in the form of cash payments or credits and to pay certain amounts only in the event we fail to comply with certain requirements under our agreement with Maryland. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen agreed with the Massachusetts Division of Banks to pay </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> to the Commonwealth of Massachusetts Mortgage Education Trust. Ocwen and the Massachusetts regulatory agency also agreed on a schedule pursuant to which we would regain eligibility to acquire residential MSRs on Massachusetts loans (including loans originated by Ocwen) as we met certain thresholds in our transition to a new servicing system. Pursuant to this agreement, all restrictions on Massachusetts MSR acquisitions would be lifted when Ocwen completed the second phase of a three-phase data integrity audit. Having now completed the first and second phases of this audit, Ocwen is no longer bound by any restriction on the volume of MSR acquisitions in Massachusetts.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen agreed with the Nebraska Department of Banking and Finance until April 30, 2019, to limit its growth through acquisition from correspondent relationships to no more than ten percent per year for Nebraska loans (based on the total number of loans held at the prior calendar year-end).</span></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accordingly, we have now resolved all of the administrative actions (but not all of the legal actions, which are described below) taken by state regulators in April 2017 and shortly thereafter. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have taken substantial steps toward fulfilling our commitments under the agreements described above, including completing the transfer of loans to Black Knight MSP, completing pre-transfer and post-transfer data integrity audits as described above, developing and implementing certain enhancements to our consumer complaint process, engaging a third-party auditor who has issued its final report with respect to the escrow review and ongoing reporting and information sharing. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Concurrent with the issuance of the cease and desist orders and the filing of the CFPB lawsuit discussed above, </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> state attorneys general took actions against us relating to our servicing practices. The Florida Attorney General, together with the Florida Office of Financial Regulation, filed a lawsuit in the federal district court for the Southern District of Florida against Ocwen, OMS and OLS alleging violations of federal and state consumer financial laws relating to our servicing business. These claims are similar to the claims made by the CFPB. The Florida lawsuit seeks injunctive and equitable relief, costs, and civil money penalties in excess of </span><span style="font-family:inherit;font-size:10pt;"><span>$10,000</span></span><span style="font-family:inherit;font-size:10pt;"> per confirmed violation of the applicable statute. In September 2019, the court issued its ruling on our motion to dismiss, granting it in part and denying it in part. The court granted our motion dismissing the entire complaint without prejudice because the court found that the plaintiffs engaged in impermissible “shotgun pleading,” holding that the plaintiffs must amend their complaint to specifically allege and distinguish the facts between all claims. The plaintiffs </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">filed an amended complaint in November 2019. We filed a partial motion to dismiss the amended complaint in December 2019. On April 22, 2020, the court granted our motion and dismissed Count V of the amended complaint with prejudice holding the plaintiff failed to plead an actionable claim under the Florida Deceptive and Unfair Trade Practices Act. On May 6, 2020, Ocwen filed its answer and affirmative defenses to the amended complaint. We believe we have factual and legal defenses to the remaining allegations raised in this lawsuit and are vigorously defending ourselves. The outcome of this lawsuit, whether through a negotiated settlement, court rulings or otherwise, could potentially involve monetary fines or penalties or additional restrictions on our business and could be materially adverse to our business, reputation, financial condition, liquidity and results of operations. Our accrual with respect to this matter is included in the </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> litigation and regulatory matters accrual referenced above. We cannot currently estimate the amount, if any, of reasonably possible loss above the amount currently accrued.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our accrual with respect to the administrative and legal actions initiated in April 2017 is included in the </span><span style="font-family:inherit;font-size:10pt;"><span>$27.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> litigation and regulatory matters accrual referenced above. We have also incurred, and will continue to incur costs to comply with the terms of the settlements we have entered into, including the costs of conducting an escrow review, Maryland organizational assessments and Massachusetts data integrity audits, and costs relating to the transition to Black Knight MSP. With respect to the escrow review, the third-party auditor has issued its final report, which will require some additional remediation measures in connection with which we will incur costs that we expect will be immaterial to our overall financial condition. In addition, it is possible that legal or other actions could be taken against us with respect to such errors, which could result in additional costs or other adverse impacts. If we fail to comply with the terms of our settlements, additional legal or other actions could be taken against us. Such actions could have a materially adverse impact on our business, reputation, financial condition, liquidity and results of operations.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain of the state regulators’ cease and desist orders referenced a confidential supervisory memorandum of understanding (MOU) that we entered into with the Multistate Mortgage Committee (MMC) and </span><span style="font-family:inherit;font-size:10pt;"><span>six</span></span><span style="font-family:inherit;font-size:10pt;"> states relating to a servicing examination from 2013 to 2015. Among other things, the MOU prohibited us from repurchasing stock during the development of a going forward plan and, thereafter, except as permitted by the plan. We submitted a plan in 2016 that contained no stock repurchase restrictions and, therefore, we do not believe we are currently restricted from repurchasing stock. We requested confirmation from the signatories of the MOU that they agree with this interpretation, and received affirmative responses from the MMC and five states, and a response declining to take a legal position from the remaining state.</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On occasion, we engage with agencies of the federal government on various matters. For example, OLS received a letter from the Department of Justice, Civil Rights Division, notifying OLS that the Department of Justice had initiated a general investigation into OLS’s policies and procedures to determine whether violations of the Servicemembers Civil Relief Act by OLS might exist. The Department of Justice has informed us that it has decided not to take enforcement action related to this matter at this time and has, consequently, closed its investigation. In addition, Ocwen was named as a defendant in a HUD administrative complaint filed by a non-profit organization alleging discrimination in the manner in which the company maintains REO properties in minority communities. In February 2018, this matter was administratively closed, and similar claims were filed in federal court. We believe these claims are without merit and intend to vigorously defend ourselves. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In May 2016, Ocwen received a subpoena from the Office of Inspector General of HUD requesting the production of documentation related to HECM loans originated by Liberty. We understand that other lenders in the industry have received similar subpoenas. In April 2017, Ocwen received a subpoena from the Office of Inspector General of HUD requesting the production of documentation related to lender-placed insurance arrangements with a mortgage insurer and the amounts paid for such insurance. We understand that other servicers in the industry have received similar subpoenas. In May 2017, Ocwen received a subpoena from the Office of the Special Inspector General for the Troubled Asset Relief Program requesting documents and information related to Ocwen’s participation from 2009 to the present in the Treasury Department’s Making Home Affordable Program and its HAMP. We have been providing documents and information in response to these subpoenas. In April 2019, PMC received a subpoena from the VA Office of the Inspector General requesting the production of documentation related to the origination and underwriting of loans guaranteed by the Veterans Benefits Administration. We understand that other servicers in the industry have received similar subpoenas. </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Loan Put-Back and Related Contingencies</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our contracts with purchasers of originated loans contain provisions that require indemnification or repurchase of the related loans under certain circumstances. While the language in the purchase contracts varies, they generally contain provisions that require us to indemnify purchasers of related loans or repurchase such loans if:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">representations and warranties concerning loan quality, contents of the loan file or loan underwriting circumstances are inaccurate;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">adequate mortgage insurance is not secured within a certain period after closing;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">a mortgage insurance provider denies coverage; or</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">there is a failure to comply, at the individual loan level or otherwise, with regulatory requirements.</span></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We received origination representations and warranties from our network of approved originators in connection with loans we purchased through our correspondent lending channel. To the extent that we have recourse against a third-party originator, we may recover part or all of any loss we incur.</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We believe that, as a result of historical actions by investors, many purchasers of residential mortgage loans are particularly aware of the conditions under which originators must indemnify or repurchase loans and under which such purchasers would benefit from enforcing any indemnification rights and repurchase remedies they may have.</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In our originations business, we have exposure to indemnification risks and repurchase requests. In our servicing business, claims alleging that we did not comply with our servicing obligations may require us to repurchase mortgage loans, make whole or otherwise indemnify investors or other parties. If home values were to decrease, our realized losses from loan repurchases and indemnifications may increase as well. As a result, our liability for repurchases may increase beyond our current expectations. If we are required to indemnify or repurchase loans that we originate and sell, or where we have assumed this risk on loans that we service, as discussed above, in either case resulting in losses that exceed our related liability, our business, financial condition and results of operations could be adversely affected.</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have exposure to origination representation, warranty and indemnification obligations relating to our lending, sales and securitization activities. We initially recognize these obligations at fair value. Thereafter, the estimation of the liability considers probable future obligations based on industry data of loans of similar type segregated by year of origination, to the extent applicable, and estimated loss severity based on current loss rates for similar loans, our historical rescission rates and the current pipeline of unresolved demands. Our historical loss severity considers the historical loss experience that we incur upon loan sale or collateral liquidation as well as current market conditions. We have exposure to servicing representation, warranty and indemnification obligations relating to our servicing practices. We record an accrual for a loss contingency if the loss contingency is probable and the amount can be reasonably estimated. We monitor the adequacy of the overall liability and make adjustments, as necessary, after consideration of our historical losses and other qualitative factors including ongoing dialogue and experience with our counterparties.</span></div><div style="line-height:120%;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, we had outstanding representation and warranty repurchase demands of </span><span style="font-family:inherit;font-size:10pt;"><span>$43.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> UPB (</span><span style="font-family:inherit;font-size:10pt;"><span>262</span></span><span style="font-family:inherit;font-size:10pt;"> loans) and </span><span style="font-family:inherit;font-size:10pt;"><span>$48.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> UPB (</span><span style="font-family:inherit;font-size:10pt;"><span>297</span></span><span 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. </span></div><div style="line-height:120%;padding-bottom:4px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table presents the changes in our liability for representation and warranty obligations and similar indemnification obligations:</span></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"/></tr><tr><td style="width:71%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:12%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended June 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Beginning balance (1)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50,838</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,267</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Provision (reversal) for representation and warranty obligations</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,831</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">New production reserves</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>522</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Charge-offs and other (2) </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8,673</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,718</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Ending balance (1)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44,412</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,850</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The liability for representation and warranty obligations and compensatory fees for foreclosures is reported in Other liabilities (a component of Liability for indemnification obligations) on our unaudited consolidated balance sheets.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9pt;"><span 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.</span></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span 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 </span><span style="font-family:inherit;font-size:10pt;">June 30, 2020</span><span style="font-family:inherit;font-size:9pt;">.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Other</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Ocwen, on its own behalf and on behalf of various mortgage loan investors, is 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. In some cases, Ocwen has entered into tolling agreements, initiated arbitration or litigation, engaged in settlement discussions, or taken other similar actions. To date, Ocwen has settled with four mortgage insurers, and expects the ultimate outcome to result in recovery of additional unpaid claims, although we cannot quantify the likely amount at this time. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We may, from time to time, have affirmative indemnification and other claims against parties from whom we acquired MSRs or other assets. Although we pursue these claims, we cannot currently estimate the amount, if any, of further recoveries. Similarly, from time to time, indemnification and other claims are made against us by parties to whom we sold MSRs or other assets or by parties on whose behalf we service mortgage loans. We cannot currently estimate the amount, if any, of reasonably possible loss above amounts recorded.</span></div>
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27800000 USD
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27800000 USD
CY2017Q2 ocn Number Of States Charging With Regulatory Action
NumberOfStatesChargingWithRegulatoryAction
29 States
ocn Number Of States Where Regulatory Actions Were Resolved
NumberOfStatesWhereRegulatoryActionsWereResolved
29 States
ocn Numberof Loan Files To Be Tested Relating To Escrow On Residential Real Property
NumberofLoanFilesToBeTestedRelatingToEscrowOnResidentialRealProperty
9000 Loan
CY2017Q2 ocn Number Of State Attorneys General Charging With Regulatory Action
NumberOfStateAttorneysGeneralChargingWithRegulatoryAction
2 State
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27800000 USD
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27800000 USD
CY2020Q2 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
43700000 USD
CY2020Q2 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
262 Loan
CY2019Q2 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
48300000 USD
CY2019Q2 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
297 Loan
CY2019Q4 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
50838000 USD
CY2018Q4 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
49267000 USD
ocn Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
1725000 USD
ocn Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
-3831000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
522000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
132000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
8673000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
2718000 USD
CY2020Q2 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
44412000 USD
CY2019Q2 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
42850000 USD

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