2020 Q4 Form 10-Q Financial Statement

#000162828020015371 Filed on November 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $231.0M $249.0M $283.5M
YoY Change -11.7% -12.16% 18.98%
Cost Of Revenue $37.30M $56.70M $36.60M
YoY Change 68.02% 54.92% -50.0%
Gross Profit $193.7M $192.3M $246.9M
YoY Change -19.12% -22.11% 49.55%
Gross Profit Margin 83.85% 77.22% 87.09%
Selling, General & Admin $120.8M $118.7M $143.9M
YoY Change -1.15% -17.51% 5.42%
% of Gross Profit 62.36% 61.73% 58.28%
Research & Development $15.85M $16.64M
YoY Change -4.77% -19.19%
% of Gross Profit 8.24% 6.74%
Depreciation & Amortization $3.700M $4.305M $6.459M
YoY Change -37.29% -33.35% 16.21%
% of Gross Profit 1.91% 2.24% 2.62%
Operating Expenses $127.0M $15.85M $16.64M
YoY Change 9.2% -4.77% -19.19%
Operating Profit $66.70M $176.5M $230.3M
YoY Change -45.86% -23.37% 59.34%
Interest Expense -$22.60M $26.82M $29.51M
YoY Change -9.24% -9.12% -51.86%
% of Operating Profit -33.88% 15.2% 12.81%
Other Income/Expense, Net -$67.11M -$77.07M -$277.1M
YoY Change -21.88% -72.19% 354.09%
Pretax Income -$809.0K -$11.37M -$38.32M
YoY Change -102.17% -70.32% -4.86%
Income Tax $6.414M -$1.954M $4.450M
% Of Pretax Income
Net Earnings -$7.200M -$9.420M -$42.77M
YoY Change -120.63% -77.97% 3.94%
Net Earnings / Revenue -3.12% -3.78% -15.08%
Basic Earnings Per Share -$0.83 -$1.09 -$4.77
Diluted Earnings Per Share -$0.83 -$1.09 -$4.77
COMMON SHARES
Basic Shares Outstanding 8.684M shares 8.670M shares 8.973M shares
Diluted Shares Outstanding 8.670M shares 8.973M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.0M $322.0M $345.0M
YoY Change -33.57% -6.67% 34.77%
Cash & Equivalents $284.8M $321.5M $345.1M
Short-Term Investments
Other Short-Term Assets $46.00M $42.00M $49.00M
YoY Change 0.0% -14.29% 11.36%
Inventory
Prepaid Expenses
Receivables $127.0M $128.0M $98.00M
Other Receivables $61.00M $74.00M $54.00M
Total Short-Term Assets $519.0M $566.0M $546.0M
YoY Change -23.22% 3.66% 19.74%
LONG-TERM ASSETS
Property, Plant & Equipment $16.93M $23.62M $43.97M
YoY Change -55.78% -46.29% 69.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $250.0M $4.000M $4.000M
YoY Change 6150.0% 0.0% 100.0%
Other Assets $76.00M $63.00M $65.00M
YoY Change 15.15% -3.08%
Total Long-Term Assets $10.13B $9.858B $9.411B
YoY Change 4.13% 4.75% 17.56%
TOTAL ASSETS
Total Short-Term Assets $519.0M $566.0M $546.0M
Total Long-Term Assets $10.13B $9.858B $9.411B
Total Assets $10.65B $10.42B $9.957B
YoY Change 2.35% 4.69% 17.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.0M $136.0M $130.0M
YoY Change -14.47% 4.62% 66.67%
Accrued Expenses $159.0M $150.0M $178.0M
YoY Change 7.43% -15.73% 37.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $289.0M $286.0M $308.0M
YoY Change -3.67% -7.14% 48.79%
LONG-TERM LIABILITIES
Long-Term Debt $9.312B $9.002B $8.681B
YoY Change 2.87% 3.7% 18.74%
Other Long-Term Liabilities $635.0M $711.0M $587.0M
YoY Change -1.09% 21.12% 53.26%
Total Long-Term Liabilities $9.947B $9.713B $9.268B
YoY Change 2.61% 4.8% 20.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $289.0M $286.0M $308.0M
Total Long-Term Liabilities $9.947B $9.713B $9.268B
Total Liabilities $10.24B $9.999B $9.575B
YoY Change 2.42% 4.43% 21.2%
SHAREHOLDERS EQUITY
Retained Earnings -$131.7M -$124.5M -$173.4M
YoY Change -4.95% -28.23% -3034.76%
Common Stock $87.00K $87.00K $1.346M
YoY Change -3.33% -93.54% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $415.0M $424.0M $381.0M
YoY Change
Total Liabilities & Shareholders Equity $10.65B $10.42B $9.957B
YoY Change 2.35% 4.69% 17.68%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$7.200M -$9.420M -$42.77M
YoY Change -120.63% -77.97% 3.94%
Depreciation, Depletion And Amortization $3.700M $4.305M $6.459M
YoY Change -37.29% -33.35% 16.21%
Cash From Operating Activities $13.00M $23.20M $55.30M
YoY Change -140.37% -58.05% -41.73%
INVESTING ACTIVITIES
Capital Expenditures -$190.9M -$35.60M -$14.70M
YoY Change 463.13% 142.18% 297.3%
Acquisitions
YoY Change
Other Investing Activities -$8.900M -$49.10M -$94.80M
YoY Change -94.31% -48.21% -7.06%
Cash From Investing Activities -$199.8M -$84.70M -$109.5M
YoY Change 5.1% -22.65% 3.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 161.1M 66.90M 109.5M
YoY Change -48.18% -38.9% 213.75%
NET CHANGE
Cash From Operating Activities 13.00M 23.20M 55.30M
Cash From Investing Activities -199.8M -84.70M -109.5M
Cash From Financing Activities 161.1M 66.90M 109.5M
Net Change In Cash -25.70M 5.400M 55.30M
YoY Change -129.01% -90.24% 129.46%
FREE CASH FLOW
Cash From Operating Activities $13.00M $23.20M $55.30M
Capital Expenditures -$190.9M -$35.60M -$14.70M
Free Cash Flow $203.9M $58.80M $70.00M
YoY Change 11894.12% -16.0% -29.01%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
8669550 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8973053 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8770102 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8955288 shares
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-9420000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-42767000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32955000 USD
us-gaap Net Income Loss
NetIncomeLoss
-176998000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-42000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-38000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-118000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-108000 USD
CY2020Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-47000 USD
CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-611000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-139000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-1285000 USD
CY2020Q3 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
8000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
21000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9331000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42110000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-32698000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-175584000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432769000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-9420000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1029000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
89000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
424467000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422894000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-42767000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
401000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
657000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381185000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
412011000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32955000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4605000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2721000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
257000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
424467000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
554705000 USD
us-gaap Net Income Loss
NetIncomeLoss
-176998000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2048000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1414000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381185000 USD
us-gaap Profit Loss
ProfitLoss
-32955000 USD
us-gaap Profit Loss
ProfitLoss
-176998000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
231368000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
121705000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
48000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
571000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18801000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26971000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15398000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26020000 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
0 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
5099000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4631000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2268000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2392000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1890000 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
21314000 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
-123721000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
14410000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
50221000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
92764000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
26312000 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
4378999000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
872914000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
4259127000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
787683000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-210688000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-189876000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-105023000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-123283000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-47981000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-82942000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-10918000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4671000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
248039000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
184070000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
867702000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
675898000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
619486000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
383806000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
82990000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
112417000 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
1159000 USD
ocn Payments To Acquire Advances In Connection With Mortgage Servicing Rights
PaymentsToAcquireAdvancesInConnectionWithMortgageServicingRights
0 USD
ocn Payments To Acquire Advances In Connection With Mortgage Servicing Rights
PaymentsToAcquireAdvancesInConnectionWithMortgageServicingRights
1457000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
561000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2876000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3394000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1342000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5123000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5572000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-800000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-420000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-328116000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-397281000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
99031000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
90787000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
84185000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
168898000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
109538000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
87484000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
128641000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
144260000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
208996000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
6648000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
131791000 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
-136066000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-19074000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7522000 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
1221000 USD
ocn Proceeds From Sale Of Finance Receivables Accounted For As Financing
ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing
885987000 USD
ocn Proceeds From Sale Of Finance Receivables Accounted For As Financing
ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing
665820000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
613026000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
377094000 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
-32000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2363000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29297000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
219946000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-109374000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6735000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382966000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
403745000 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
2554000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
4240000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
321455000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
345084000 USD
CY2020Q3 ocn Debt Service Accounts
DebtServiceAccounts
14873000 USD
CY2019Q3 ocn Debt Service Accounts
DebtServiceAccounts
17026000 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
46638000 USD
CY2019Q3 us-gaap Restricted Cash
RestrictedCash
41635000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382966000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
403745000 USD
CY2020Q3 dei Entity Number Of Employees
EntityNumberOfEmployees
5200 Employee
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates and Assumptions</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in the unaudited consolidated balance sheet at December 31, 2019, the unaudited consolidated statement of operations for the three and nine months ended September 30, 2019 and the unaudited consolidated statement of cash flows for the nine months ended September 30, 2019 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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:text-bottom;width:99.561%"><tr><td style="width:0.1%"/><td style="width:1.415%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.507%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.333%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:57.196%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.556%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.534%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.559%"/><td style="width:0.1%"/></tr><tr><td colspan="12" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">          Periods Ended September 30, 2019</span></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Reclassification within the Statement of Operations </span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Nine Months</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="9" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">From</span></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain on loans held for sale, net</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,001 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,371 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">From</span></td><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other revenue, net</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,062 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,839 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">From</span></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Servicing and subservicing fees </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(803)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,334)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">To</span></td><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reverse mortgage revenue, net (New line item)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,260 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">72,876 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:6pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total revenue</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the above reclassifications, we have made the following presentation changes:</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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 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><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Within the Total assets section of our consolidated balance sheet, we reclassified Match funded advances to Advances to present all servicing-related advances as a single line item.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Within the Cash flows from operating activities section, we now separately present Amortization of debt issuance costs which was previously included in Other, net.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Within the Cash flows from investing activities section, we now separately present Proceeds from sale of real estate which was previously included in Other, net.</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Within the Cash flows from financing activities section, we now separately present proceeds and repayments on mortgage loan warehouse facilities, net, MSR financing facilities and other financing liabilities. These amounts were previously reported as Proceeds from (Repayment of) mortgage loan warehouse facilities and other secured borrowings.</span></div>
CY2020Q2 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
2900000 USD
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
900000 USD
CY2019Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
65000000.0 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
2200000 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
CY2020Q3 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
2364829000 USD
CY2019Q3 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
235175000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
4256082000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
674108000 USD
CY2020Q3 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
12561000 USD
CY2019Q3 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
8866000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
35204000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
37610000 USD
CY2020Q3 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
2061000 USD
CY2019Q3 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
2093000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
6338000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
3140000 USD
CY2020Q3 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
2375329000 USD
CY2019Q3 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
241948000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
4284948000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
708578000 USD
CY2020Q3 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
22100000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
37800000 USD
CY2019Q3 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
600000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
2200000 USD
CY2020Q3 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
17126989000 USD
CY2019Q4 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
14490984000 USD
CY2020Q3 ocn Maximum Exposure To Loss
MaximumExposureToLoss
17410945000 USD
CY2019Q4 ocn Maximum Exposure To Loss
MaximumExposureToLoss
14742394000 USD
ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.094
CY2019 ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.077
ocn Pledged Advance Remittance Period
PledgedAdvanceRemittancePeriod
P2D
CY2020Q3 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
55715000 USD
CY2020Q3 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
106603000 USD
CY2020Q3 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
15696000 USD
CY2020Q3 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
30468000 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
4378999000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
615303000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
4190355000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
581678000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
21479000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
17155000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1900000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1405000 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
1000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
62949000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
2248000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
2554000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
1501000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
45762000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
24005000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
1925000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-197000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
-6965000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
6813000 USD
CY2020Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
366966000 USD
CY2019Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
207645000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
5800000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
7400000 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
0 USD
ocn Paymentsfor Originationof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
257611000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
45974000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
183048000 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
1319000 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
5802000 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
-78865000 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
2739000 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
1000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
474000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
3364000 USD
ocn Increase Decreasein Valuation Allowanceof Mortgage Loans Heldforsaleat Lower Costor Fair Value
IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
412000 USD
ocn Increase Decreasein Valuation Allowanceof Mortgage Loans Heldforsaleat Lower Costor Fair Value
IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
4473000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
3494000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
6842000 USD
CY2020Q3 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
23665000 USD
CY2019Q3 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
67934000 USD
CY2020Q3 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
22096000 USD
CY2019Q3 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
605000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
37785000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
2249000 USD
CY2020Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
38656000 USD
CY2019Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
7865000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
84022000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
28505000 USD
CY2020Q3 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
4828000 USD
CY2019Q3 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
697000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
16876000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
401000 USD
CY2020Q3 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
3061000 USD
CY2019Q3 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
610000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
3367000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
936000 USD
CY2020Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
179000 USD
CY2019Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-106000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-10141000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-3344000 USD
CY2020Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-838000 USD
CY2019Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-54000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-1360000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-186000 USD
CY2020Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
45886000 USD
CY2019Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
9012000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
92764000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
26312000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2020Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6477616000 USD
CY2019Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
5872407000 USD
CY2019Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
5745383000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
299628000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
248877000 USD
CY2020Q3 ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
307754000 USD
CY2019Q3 ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
246734000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
249372000 USD
CY2020Q3 ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
247793000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
151292000 USD
CY2019Q3 ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
149079000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
781000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
521000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
-105000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
89000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
38000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
211000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
81396000 USD
CY2020Q3 ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
68966000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
80071000 USD
CY2019Q3 ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
60927000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6849930000 USD
CY2020Q3 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6606543000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6049242000 USD
CY2019Q3 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
5903965000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
6715093000 USD
CY2020Q3 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6606543000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
5960959000 USD
CY2019Q3 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
5903965000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
134837000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
88283000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6849930000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6049242000 USD
CY2019Q4 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6269596000 USD
CY2018Q4 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
5472199000 USD
CY2018Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
5380448000 USD
CY2019Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6063435000 USD
ocn Loans Held For Investment Reverse Mortgages Cumulative Effect Of Fair Value Election
LoansHeldForInvestmentReverseMortgagesCumulativeEffectOfFairValueElection
47038000 USD
ocn Loans Held For Investment Reverse Mortgages Cumulative Effect Of Fair Value Election
LoansHeldForInvestmentReverseMortgagesCumulativeEffectOfFairValueElection
0 USD
ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
867702000 USD
ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
675169000 USD
ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
914559000 USD
ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
681681000 USD
ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
619486000 USD
ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
613026000 USD
ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
383806000 USD
ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
377094000 USD
ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
1900000 USD
ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
1405000 USD
ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
181000 USD
ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
202000 USD
ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
403000 USD
ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
366000 USD
ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
287564000 USD
ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
241575000 USD
ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
287653000 USD
ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
218930000 USD
CY2020Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6849930000 USD
CY2020Q3 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6606543000 USD
CY2019Q3 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6049242000 USD
CY2019Q3 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
5903965000 USD
CY2020Q3 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
13545000 USD
CY2019Q3 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
5075000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
33156000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
10422000 USD
CY2020Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-1115000 USD
CY2019Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
14069000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
12832000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
58301000 USD
CY2020Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2069000 USD
CY2019Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1116000 USD
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
5067000 USD
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
4153000 USD
CY2020Q3 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
14499000 USD
CY2019Q3 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
20260000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
51055000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
72876000 USD
CY2020Q3 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
838682000 USD
CY2019Q4 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
1066448000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6078000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9925000 USD
CY2020Q3 ocn Advances Payments On Behalf Of Borrower Net Of Valuation Allowance
AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance
832604000 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
14000 USD
ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
1457000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
667577000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
394964000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
604000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
747000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
894753000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
557868000 USD
ocn Advances Payments On Behalfof Borrowers Collection Of Advances Decrease
AdvancesPaymentsOnBehalfofBorrowersCollectionOfAdvancesDecrease
3847000 USD
ocn Advances Payments On Behalfof Borrowers Collection Of Advances Decrease
AdvancesPaymentsOnBehalfofBorrowersCollectionOfAdvancesDecrease
13962000 USD
CY2020Q3 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
832604000 USD
CY2019Q3 ocn Advances Payments On Behalf Of Borrower
AdvancesPaymentsOnBehalfOfBorrower
1038444000 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
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9925000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
23259000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
2173000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
729000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
5944000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
4532000 USD
CY2020Q3 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
3915000 USD
CY2019Q3 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
19085000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
9791000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
18494000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6078000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9297000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6078000 USD
CY2019Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9297000 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
CY2020Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
1000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
15000 USD
CY2020Q3 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
22096000 USD
CY2019Q3 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
1235000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
32249000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
10566000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
16000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-3105000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-17823000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-188933000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
48084000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
54694000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1069013000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1455553000 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
108000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
585000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
37785000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
3933000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
78994000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
124955000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-263427000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-7872000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
138672000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-29840000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
131954000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
151867000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1069013000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
53410000 USD
CY2019Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
61485000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
161154000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
170054000 USD
CY2020Q3 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
10324000 USD
CY2019Q3 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
1365000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
26143000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1455553000 USD
CY2020Q3 ocn Loans Serviced Servicing
LoansServicedServicing
71301427000 USD
CY2019Q4 ocn Loans Serviced Servicing
LoansServicedServicing
70973496000 USD
CY2019Q3 ocn Loans Serviced Servicing
LoansServicedServicing
71372447000 USD
CY2020Q3 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
66782351000 USD
CY2019Q4 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
108837877000 USD
CY2019Q3 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
113441618000 USD
CY2020Q3 ocn Assets Serviced
AssetsServiced
138083778000 USD
CY2019Q4 ocn Assets Serviced
AssetsServiced
179811373000 USD
CY2019Q3 ocn Assets Serviced
AssetsServiced
184814065000 USD
CY2020Q3 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
9900000000 USD
CY2019Q3 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
11900000000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
55700000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
11775000 USD
CY2020Q3 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
91015000 USD
CY2019Q3 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
146567000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
299089000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
443505000 USD
CY2020Q3 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
154749000 USD
CY2019Q3 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
209417000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
486386000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
625334000 USD
CY2020Q3 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
11012000 USD
CY2019Q3 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
14105000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
38323000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
42786000 USD
CY2020Q3 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
1057000 USD
CY2019Q3 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
13464000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
8787000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
38739000 USD
CY2020Q3 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
3047000 USD
CY2019Q3 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
3862000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
10048000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
11613000 USD
CY2020Q3 ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
104000 USD
CY2019Q3 ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
1216000 USD
ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
532000 USD
ocn Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets
LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets
4558000 USD
CY2020Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11753000 USD
CY2019Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
6453000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
24369000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
22063000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
26973000 USD
CY2019Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
39100000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
82059000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
119759000 USD
CY2020Q3 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
181722000 USD
CY2019Q3 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
248517000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
568445000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
745093000 USD
CY2020Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
2000000000.0 USD
CY2019Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1700000000 USD
CY2019Q3 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
2100000000 USD
CY2020Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
582558000 USD
CY2020Q3 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
577309000 USD
CY2019Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
844913000 USD
CY2019Q3 us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
345000 USD
CY2019Q3 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
986952000 USD
CY2019Q4 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
950593000 USD
CY2020Q3 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
577309000 USD
CY2018Q4 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
1032856000 USD
us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
1221000 USD
CY2019Q3 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
986952000 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
CY2020Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
69100000000 USD
CY2017Q2 ocn Initial Term To Subservice Mortgage Servicing Rights
InitialTermToSubserviceMortgageServicingRights
P3Y
CY2020Q3 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
107917000 USD
CY2019Q4 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
122557000 USD
CY2020Q3 ocn Servicing Receivable Government Insured Loan Claims Reverse
ServicingReceivableGovernmentInsuredLoanClaimsReverse
43681000 USD
CY2019Q4 ocn Servicing Receivable Government Insured Loan Claims Reverse
ServicingReceivableGovernmentInsuredLoanClaimsReverse
14123000 USD
CY2020Q3 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
CY2020Q3 ocn Counter Party Receivables
CounterPartyReceivables
2364000 USD
CY2019Q4 ocn Counter Party Receivables
CounterPartyReceivables
9197000 USD
CY2020Q3 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
5604000 USD
CY2019Q4 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
13052000 USD
CY2020Q3 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
8212000 USD
CY2019Q4 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
27175000 USD
CY2020Q3 ocn Servicing Receivable Other
ServicingReceivableOther
1869000 USD
CY2019Q4 ocn Servicing Receivable Other
ServicingReceivableOther
4970000 USD
CY2020Q3 ocn Servicing Receivable Net
ServicingReceivableNet
169647000 USD
CY2019Q4 ocn Servicing Receivable Net
ServicingReceivableNet
215241000 USD
CY2020Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
68683000 USD
CY2019Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
37888000 USD
CY2020Q3 ocn Other Receivables Net
OtherReceivablesNet
4795000 USD
CY2019Q4 ocn Other Receivables Net
OtherReceivablesNet
5963000 USD
CY2020Q3 ocn Other Receivables Gross
OtherReceivablesGross
243125000 USD
CY2019Q4 ocn Other Receivables Gross
OtherReceivablesGross
259092000 USD
CY2020Q3 ocn Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
41518000 USD
CY2019Q4 ocn Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
57872000 USD
CY2020Q3 us-gaap Other Receivables
OtherReceivables
201607000 USD
CY2019Q4 us-gaap Other Receivables
OtherReceivables
201220000 USD
CY2020Q3 us-gaap Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
580599000 USD
CY2019Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
492900000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
22843000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
6007000 USD
CY2020Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15791000 USD
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
21996000 USD
CY2020Q3 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
15173000 USD
CY2019Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
15173000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10767000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8647000 USD
CY2020Q3 us-gaap Other Real Estate
OtherRealEstate
8354000 USD
CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
8556000 USD
CY2020Q3 us-gaap Deposits Assets
DepositsAssets
2181000 USD
CY2019Q4 us-gaap Deposits Assets
DepositsAssets
2163000 USD
CY2020Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1821000 USD
CY2019Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2169000 USD
CY2020Q3 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
2150000 USD
CY2019Q4 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
2075000 USD
CY2020Q3 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
377000 USD
CY2019Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
390000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2412000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3164000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
662468000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
563240000 USD
CY2020Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
795000000 USD
CY2020Q3 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6606543000 USD
CY2019Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6063435000 USD
CY2020Q3 ocn Other Financing Liabilities
OtherFinancingLiabilities
588321000 USD
CY2019Q4 ocn Other Financing Liabilities
OtherFinancingLiabilities
972595000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7194864000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7036030000 USD
CY2020Q3 ocn Debt Instrument Covenant Compliance Consolidated Tangible Net Worthat Period End
DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
200000000.0 USD
CY2020Q3 ocn Debt Instrument Covenant Complianceon Repurchaseof Securitiesand Prepaymentof Junior Debt
DebtInstrumentCovenantComplianceonRepurchaseofSecuritiesandPrepaymentofJuniorDebt
10000000.0 USD
CY2020Q3 us-gaap Cash
Cash
321455000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
61511000 USD
CY2020Q3 us-gaap Servicing Asset
ServicingAsset
1069013000 USD
CY2020Q3 ocn Advances
Advances
832604000 USD
CY2020Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
390631000 USD
CY2020Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
6860942000 USD
CY2020Q3 us-gaap Other Receivables
OtherReceivables
201607000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23620000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
662468000 USD
CY2020Q3 us-gaap Assets
Assets
10423851000 USD
CY2020Q3 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
580599000 USD
CY2019Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
492900000 USD
CY2020Q3 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
95803000 USD
CY2019Q4 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
63596000 USD
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
71093000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
67241000 USD
CY2020Q3 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
44170000 USD
CY2019Q4 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
52785000 USD
CY2020Q3 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
40659000 USD
CY2019Q4 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
88167000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
34426000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
44488000 USD
CY2020Q3 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
31015000 USD
CY2019Q4 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
30663000 USD
CY2020Q3 ocn Checks Held For Escheat
ChecksHeldForEscheat
29106000 USD
CY2019Q4 ocn Checks Held For Escheat
ChecksHeldForEscheat
31959000 USD
CY2020Q3 us-gaap Interest Payable Current
InterestPayableCurrent
13891000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5964000 USD
CY2020Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
11734000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
13383000 USD
CY2020Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
17123000 USD
CY2019Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
17197000 USD
CY2020Q3 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
5416000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
5331000 USD
CY2020Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1671000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
100000 USD
CY2020Q3 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
0 USD
CY2019Q4 us-gaap Loss Contingency Accrual Product Liability Net
LossContingencyAccrualProductLiabilityNet
6820000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
20755000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
21579000 USD
CY2020Q3 us-gaap Other Liabilities
OtherLiabilities
997461000 USD
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
942173000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
5000000.0 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
377484 shares
CY2020Q1 ocn Stock Repurchased During Period Value Before Commissions
StockRepurchasedDuringPeriodValueBeforeCommissions
4500000 USD
CY2020Q1 ocn Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
11.90
CY2020Q1 us-gaap Payments For Commissions
PaymentsForCommissions
100000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
500000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
4692 shares
CY2020Q3 ocn Common Stock Shares Outstanding Before Stock Split
CommonStockSharesOutstandingBeforeStockSplit
130013696 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8672272 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
13333333 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1308234000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
22843000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1472566000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
6007000 USD
CY2020Q3 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
605000000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1671000 USD
CY2019Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
47083000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
100000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
46871000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2291000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
26815000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
29506000 USD
us-gaap Interest Expense
InterestExpense
83557000 USD
us-gaap Interest Expense
InterestExpense
84636000 USD
CY2020Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
51400000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-9420000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-42767000 USD
us-gaap Net Income Loss
NetIncomeLoss
-176998000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8669550 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8973053 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8770102 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8955288 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.09
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.76
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-19.76
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-9420000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-42767000 USD
us-gaap Net Income Loss
NetIncomeLoss
-32955000 USD
us-gaap Net Income Loss
NetIncomeLoss
-176998000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8669550 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8973053 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8770102 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8955288 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 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
CY2020Q3 ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
0 shares
CY2019Q3 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
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8669550 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8973053 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8770102 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8955288 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.09
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.77
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-19.76
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
193144 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
196875 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
218020 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
222870 shares
us-gaap Interest And Debt Expense
InterestAndDebtExpense
28800000 USD
CY2020Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
10500000 USD
CY2020Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9500000 USD
CY2020Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
8800000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
43300000 USD
CY2019Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
13800000 USD
CY2019Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
15500000 USD
CY2019Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
14000000.0 USD
CY2020Q3 us-gaap Revenues
Revenues
249035000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
33814000 USD
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
149522000 USD
CY2020Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
3801000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
26815000 USD
CY2020Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
57404000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3345000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11374000 USD
CY2019Q3 us-gaap Revenues
Revenues
283515000 USD
CY2019Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
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CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
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CY2019Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
4129000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
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CY2019Q3 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
256416000 USD
CY2019Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
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5099000 USD
CY2019Q3 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
5099000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Revenues
Revenues
729901000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
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231368000 USD
us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Interest And Other Income
InterestAndOtherIncome
12762000 USD
us-gaap Interest Expense
InterestExpense
83557000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
105684000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4616000 USD
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
-104875000 USD
us-gaap Revenues
Revenues
861741000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
121705000 USD
us-gaap Costs And Expenses
CostsAndExpenses
534618000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
12524000 USD
us-gaap Interest Expense
InterestExpense
84636000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
303302000 USD
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
5099000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1163000 USD
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
-163734000 USD
CY2020Q3 us-gaap Assets
Assets
10423851000 USD
CY2019Q4 us-gaap Assets
Assets
10406199000 USD
CY2019Q3 us-gaap Assets
Assets
9956653000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
4305000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1154000 USD
CY2019Q3 us-gaap Depreciation
Depreciation
6459000 USD
CY2019Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1146000 USD
us-gaap Depreciation
Depreciation
15398000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5335000 USD
us-gaap Depreciation
Depreciation
26020000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3299000 USD
CY2020Q3 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
224500000 USD
CY2020Q3 us-gaap Capital
Capital
376500000 USD
ocn Advance Reimbursement Period
AdvanceReimbursementPeriod
P30D
CY2020Q1 ocn Cares Act Forbearance Period Covid19
CARESActForbearancePeriodCOVID19
P180D
CY2020Q1 ocn Cares Act Additional Forbearance Period Covid19
CARESActAdditionalForbearancePeriodCOVID19
P180D
CY2020Q3 ocn Number Of Borrowers Requesting Forbearance Plan No Advance Requirements
NumberOfBorrowersRequestingForbearancePlanNoAdvanceRequirements
3400 Borrower
CY2020Q2 ocn Number Of Borrowers Requesting Forbearance Plan No Advance Requirements
NumberOfBorrowersRequestingForbearancePlanNoAdvanceRequirements
5400 Borrower
CY2020Q3 ocn Number Of Borrowers Requesting Forbearance Plan
NumberOfBorrowersRequestingForbearancePlan
106300 Borrower
CY2020Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
107400000 USD
CY2020Q2 ocn Number Of Borrowers Requesting Forbearance Plan
NumberOfBorrowersRequestingForbearancePlan
131400 Borrower
CY2020Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
135900000 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
378 Securities
ocn Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value
AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
73664000 USD
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases
33 Securities
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases Value
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
-17972000 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
-2533000 USD
CY2020Q3 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding
665 Securities
CY2020Q3 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue
88852000 USD
ocn Number Of Maximum Claim Amount Repurchases Loans
NumberOfMaximumClaimAmountRepurchasesLoans
308
ocn Amount Of Maximum Claim Amount Repurchases
AmountOfMaximumClaimAmountRepurchases
66900000 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="margin-bottom:6pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:98.900%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:72pt;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note 22 – Contingencies</span></div></td></tr></table></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Litigation</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, claims related to call recordings, 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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, 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 $31.0 million at September 30, 2020. We cannot currently estimate the amount, if any, of reasonably possible losses above amounts that have been recorded at September 30, 2020.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">As previously disclosed, we are subject to individual lawsuits relating to our FDCPA compliance and putative state law class actions based on state laws similar to the FDCPA. Ocwen has recently agreed to a settlement in principle of a putative class action</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">, Morris v. PHH Mortgage Corp.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">, filed in March 2020 in the United States District Court for the Southern District of Florida, alleging that PMC’s practice of charging a fee to borrowers who voluntarily choose to use certain optional expedited payment options violates the FDCPA and its state law analogs. Several similar putative class actions have been filed against PMC and Ocwen since July 2019. Following mediation, PMC agreed to the terms of a settlement agreement to resolve all </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">claims in the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> matter. A motion requesting preliminary approval of the settlement was filed on August 25, 2020. If approved, settlement payments will be made via account credits for class members whose loans are currently serviced by PMC and via check payments for borrowers whose loans are no longer serviced by PMC and claim-in to the settlement. Ocwen expects final approval of the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> settlement will resolve the claims of the substantial majority of the putative class members described in the other similar cases that Ocwen is defending. Counsel representing borrowers in other related class actions have attempted to intervene in the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Morris </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">settlement and could file objections to the proposed settlement. Ocwen cannot guarantee that the proposed settlement will receive final approval and in the absence of such approval, Ocwen cannot predict the eventual outcome of the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%"> proceeding and similar putative class actions. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In addition, we continue to be involved in legacy matters arising prior to Ocwen’s October 2018 acquisition of PHH, including a putative class action filed in 2008 in the United States District Court for the Eastern District of California against PHH and related entities in alleging that PHH’s legacy mortgage reinsurance arrangements between its captive reinsurer, Atrium Insurance Corporation, and certain mortgage insurance providers violated RESPA. Following numerous pre-trial developments, trial in the case, captioned </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Munoz v. PHH Corp. et al</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">., will likely be scheduled in 2021. PHH accrued $2.5 million when the case was filed in 2008 and that amount is included in the $31.0 million legal and regulatory accrual referenced above. At this time, Ocwen is unable to predict the outcome of this lawsuit or any additional lawsuits that may be filed, the possible loss or range of loss, if any, associated with the resolution of such lawsuits or the potential impact such lawsuits may have on us or our operations. Ocwen intends to vigorously defend against this lawsuit. If our efforts to defend this lawsuit are not successful, our business, financial condition liquidity and results of operations could be materially and adversely affected.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">From time to time we are also subject to indemnification claims from contractual parties (i) on whose behalf we service or subservice loans, or did so in the past and (ii) to whom we sold loans or mortgage servicing rights. We are currently involved in a dispute with a former subservicing client, HSBC Bank USA, N.A. (HSBC), which filed a Summons with Notice in the Supreme Court of the State of New York, indicating its intent to file a complaint against PHH. HSBC’s claims relate to alleged breaches of agreements entered into under a prior subservicing arrangement. We believe we have strong factual and legal defenses to all of HSBC’s claims and we intend to vigorously defend ourselves. 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 litigation or otherwise. We have also received demands for indemnification for alleged breaches of representations and warranties from parties to whom we sold loans and we are currently a defendant in an adversary proceeding brought by a bankruptcy plan administrator seeking to enforce its right to contractual indemnification for the sale of allegedly defective mortgage loans. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Regulatory </span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to a number of ongoing federal and state regulatory examinations, consent orders, inquiries, subpoenas, civil investigative demands, 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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 (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="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">CFPB </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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 in November 2019. Ocwen and the CFPB completed a summary judgment briefing on September 4, 2020, and the parties participated in a mediation session on October 23, 2020. The Court ordered the parties to mediate before ruling on the summary judgment briefs and setting a possible trial date. As a result, we do not anticipate a decision on summary judgment until late 2020 or 2021. To the extent the summary judgment ruling does not conclude the case and we do not otherwise resolve the matter before trial, we presently anticipate a trial will take place in the second half of 2021 or later.</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Prior to the initiation of legal proceedings, we had been engaged with the CFPB in efforts to resolve the matter. We are taking all reasonable and prudent actions to resolve the CFPB matter 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. As noted below, however, because the Florida matter is now resolved, when the Court schedules the bench trial it will only include the claims of the CFPB. Our current accrual with respect to this matter is included in the $31.0 million 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="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">State Licensing, State Attorneys General and Other Matters</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2017 and shortly thereafter, mortgage and banking regulatory agencies from 29 states and the District of Columbia took administrative 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 that state’s attorney general, as described below. These administrative actions were applicable to OLS, but additional Ocwen entities were named in some actions, including Ocwen Financial Corporation, OMS, Homeward, Liberty, OFSPL and Ocwen Business Solutions, Inc. (OBS). </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">As discussed further below, we have now resolved all of the state regulatory matters arising in April 2017. In resolving these matters, we entered into agreements containing certain restrictions and commitments with respect to the operation of our business and our regulatory compliance activities, including restrictions and conditions relating to acquisitions of MSRs, a transition to an alternate loan servicing system from the REALServicing system, engagement of third-party auditors, escrow and data testing, error remediation, and financial condition reporting. In some instances, we also provided borrower financial remediation and made payments to state regulators.</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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, 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. We continue to be subject to obligations under these agreements, including completing the final phase of a data integrity audit under our agreement with the State of Massachusetts.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Concurrent with the initiation of the administrative actions and the filing of the CFPB lawsuit discussed above, two 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 $10,000 (ten thousand dollars) 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 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. Ocwen and the plaintiffs completed a summary judgment briefing on September 4, 2020. </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On October 15, 2020, we announced that we had reached an agreement to resolve the Florida plaintiffs’ lawsuit. Pursuant to that agreement, Ocwen is required to pay the State of Florida $5.2 million within 60 days of the Court entering the final consent judgment between the parties.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Ocwen then has an additional two years to provide debt forgiveness totaling at least $1.0 million to certain Florida borrowers.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">If Ocwen is unable to do so, then two years from now it will owe the State of Florida an additional $1.0 million. We anticipate that we will be able to satisfy the debt forgiveness obligation and therefore do not presently anticipate that the additional $1 million payment will be required. In addition, Ocwen has agreed to certain late fee waivers, a targeted loan modification program for certain eligible Florida borrowers, and certain non-monetary reporting and handling obligations. Ocwen did not admit any fault or liability as part of the settlement. The settlement amount is included in the $31.0 million litigation and regulatory matters accrual referenced above. Although we believe we had strong defenses to all </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">of Florida’s claims, this was an opportunity to resolve one of Ocwen’s remaining significant legacy matters, and to do so without incurring further expense in preparing for trial next year. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our accrual with respect to the administrative and legal actions initiated in April 2017 is included in the $31.0 million 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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 six 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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 Ocwen 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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Loan Put-Back and Related Contingencies</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">representations and warranties concerning loan quality, contents of the loan file or loan underwriting circumstances are inaccurate;</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">adequate mortgage insurance is not secured within a certain period after closing;</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a mortgage insurance provider denies coverage; or</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">there is a failure to comply, at the individual loan level or otherwise, with regulatory requirements.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At September 30, 2020 and September 30, 2019, we had outstanding representation and warranty repurchase demands of $45.2 million UPB (263 loans) and $49.9 million UPB (289 loans), respectively. We review each demand and monitor through resolution, primarily through rescission, loan repurchase or make-whole payment. </span></div><div style="margin-bottom:3pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the changes in our liability for representation and warranty obligations and similar indemnification obligations:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:70.894%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.536%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.537%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2019</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Beginning balance (1)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,838 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,267 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision (reversal) for representation and warranty obligations</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,141)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10,367)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">New production reserves</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,361 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">186 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 6.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Charge-offs and other (2) </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,130)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,887 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending balance (1)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,928 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,973 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">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><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">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><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 September 30, 2020</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
31000000.0 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
31000000.0 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
31000000.0 USD
CY2017Q2 ocn Number Of States Charging With Regulatory Action
NumberOfStatesChargingWithRegulatoryAction
29 States
CY2017Q2 ocn Number Of State Attorneys General Charging With Regulatory Action
NumberOfStateAttorneysGeneralChargingWithRegulatoryAction
2 State
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
31000000.0 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
31000000.0 USD
CY2020Q3 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
45200000 USD
CY2020Q3 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
263 loan
CY2019Q3 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
49900000 USD
CY2019Q3 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
289 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
1141000 USD
ocn Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
10367000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
1361000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
186000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
8130000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
-14887000 USD
CY2020Q3 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
42928000 USD
CY2019Q3 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
53973000 USD

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