2021 Q2 Form 10-Q Financial Statement

#000162828021015910 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $265.4M $227.0M
YoY Change 16.92% -17.25%
Cost Of Revenue $99.09M $40.80M
YoY Change 142.87% -75.83%
Gross Profit $166.4M $186.2M
YoY Change -10.66% 76.33%
Gross Profit Margin 62.67% 82.02%
Selling, General & Admin $118.8M $121.1M
YoY Change -1.92% -23.4%
% of Gross Profit 71.4% 65.04%
Research & Development $13.17M $16.11M
YoY Change -18.25% -19.45%
% of Gross Profit 7.92% 8.65%
Depreciation & Amortization $2.209M $7.096M
YoY Change -68.87% -35.56%
% of Gross Profit 1.33% 3.81%
Operating Expenses $13.17M $16.11M
YoY Change -18.25% -19.45%
Operating Profit $153.2M $170.1M
YoY Change -9.94% 98.7%
Interest Expense $33.52M $26.76M
YoY Change 25.25% -6.57%
% of Operating Profit 21.88% 15.73%
Other Income/Expense, Net -$65.42M -$64.94M
YoY Change 0.75% 138.94%
Pretax Income -$22.24M -$6.156M
YoY Change 261.22% -92.7%
Income Tax -$11.92M -$8.110M
% Of Pretax Income
Net Earnings -$10.32M $1.954M
YoY Change -628.25% -102.18%
Net Earnings / Revenue -3.89% 0.86%
Basic Earnings Per Share -$1.15 $0.23
Diluted Earnings Per Share -$1.15 $0.23
COMMON SHARES
Basic Shares Outstanding 9.000M shares 8.651M shares
Diluted Shares Outstanding 9.000M shares 8.661M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $243.6M $314.0M
YoY Change -22.43% 9.03%
Cash & Equivalents $243.6M $313.7M
Short-Term Investments
Other Short-Term Assets $45.47M $46.00M
YoY Change -1.16% 17.95%
Inventory
Prepaid Expenses
Receivables $116.0M $98.00M
Other Receivables $49.16M $150.0M
Total Short-Term Assets $454.2M $608.0M
YoY Change -25.29% 18.06%
LONG-TERM ASSETS
Property, Plant & Equipment $15.75M $29.70M
YoY Change -46.97% -48.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.65M $4.000M
YoY Change 291.3% 0.0%
Other Assets $71.58M $66.00M
YoY Change 8.45% -1.49%
Total Long-Term Assets $11.31B $9.702B
YoY Change 16.6% 6.47%
TOTAL ASSETS
Total Short-Term Assets $454.2M $608.0M
Total Long-Term Assets $11.31B $9.702B
Total Assets $11.77B $10.31B
YoY Change 14.13% 7.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.7M $149.0M
YoY Change -12.95% 60.22%
Accrued Expenses $160.2M $144.0M
YoY Change 11.26% -25.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $289.9M $293.0M
YoY Change -1.05% 2.09%
LONG-TERM LIABILITIES
Long-Term Debt $10.29B $8.843B
YoY Change 16.42% 6.38%
Other Long-Term Liabilities $735.9M $742.0M
YoY Change -0.82% 22.64%
Total Long-Term Liabilities $11.03B $9.585B
YoY Change 15.08% 7.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $289.9M $293.0M
Total Long-Term Liabilities $11.03B $9.585B
Total Liabilities $11.32B $9.878B
YoY Change 14.61% 7.31%
SHAREHOLDERS EQUITY
Retained Earnings -$133.5M -$115.0M
YoY Change 16.01% -11.95%
Common Stock $92.00K $1.300M
YoY Change -92.92% -3.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $447.1M $433.0M
YoY Change
Total Liabilities & Shareholders Equity $11.77B $10.31B
YoY Change 14.13% 7.09%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$10.32M $1.954M
YoY Change -628.25% -102.18%
Depreciation, Depletion And Amortization $2.209M $7.096M
YoY Change -68.87% -35.56%
Cash From Operating Activities -$85.94M $53.80M
YoY Change -259.73% 91.46%
INVESTING ACTIVITIES
Capital Expenditures -$671.0M -$19.90M
YoY Change 3271.75% -61.21%
Acquisitions
YoY Change
Other Investing Activities $1.382M -$76.20M
YoY Change -101.81% -10.46%
Cash From Investing Activities -$669.7M -$96.10M
YoY Change 596.87% -29.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 730.7M 103.1M
YoY Change 608.7% -20.81%
NET CHANGE
Cash From Operating Activities -85.94M 53.80M
Cash From Investing Activities -669.7M -96.10M
Cash From Financing Activities 730.7M 103.1M
Net Change In Cash -24.97M 60.80M
YoY Change -141.06% 178.9%
FREE CASH FLOW
Cash From Operating Activities -$85.94M $53.80M
Capital Expenditures -$671.0M -$19.90M
Free Cash Flow $585.0M $73.70M
YoY Change 693.81% -7.18%

Facts In Submission

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CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-46000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
733000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-92000 USD
CY2021Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
22000 USD
CY2020Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
40000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
45000 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
76000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10667000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2040000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2467000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23367000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
440010000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-10322000 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12169000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
4203000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1385000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-345000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
447100000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
429857000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1954000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
872000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
86000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432769000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
415372000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1779000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12169000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
19956000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-688000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
447100000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
412011000 USD
us-gaap Net Income Loss
NetIncomeLoss
-23535000 USD
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
47038000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4605000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1692000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
168000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
432769000 USD
us-gaap Profit Loss
ProfitLoss
-1779000 USD
us-gaap Profit Loss
ProfitLoss
-23535000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
51242000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
197554000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-41000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
161000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11522000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
11939000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
647944000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5066000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11093000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3232000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4181000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2260000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1523000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-15458000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
-9944000 USD
ocn Gain On Valuation Of Financing Liability
GainOnValuationOfFinancingLiability
31716000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
18505000 USD
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
15351000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
48434000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
46878000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
6620727000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
1949022000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
6287238000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
1936204000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-56461000 USD
ocn Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances
IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
-144020000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-44368000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-39998000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-9034000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-45533000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4590000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-9497000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-216237000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
224819000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
720442000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
568074000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
722099000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
370114000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
712578000 USD
us-gaap Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
48014000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
11528000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
47000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2589000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-722496000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-243385000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
51106000 USD
ocn Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities
RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
66459000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
39616000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
68534000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
321639000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-6881000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
630003000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
129452000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
53509000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
166055000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
319156000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-188700000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-131066000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16032000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7451000 USD
ocn Proceeds From Sale Of Finance Receivables Accounted For As Financing
ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing
667480000 USD
ocn Proceeds From Sale Of Finance Receivables Accounted For As Financing
ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing
590640000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
715332000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
365233000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9878000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4605000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-525000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-33000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
892968000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-96225000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45765000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-114791000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
357265000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
492340000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
311500000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377549000 USD
ocn Recognitionof Gross Rightofuse Asset
RecognitionofGrossRightofuseAsset
3204000 USD
ocn Recognitionof Gross Rightofuse Asset
RecognitionofGrossRightofuseAsset
2608000 USD
ocn Recognitionof Lease Liability
RecognitionofLeaseLiability
3204000 USD
ocn Recognitionof Lease Liability
RecognitionofLeaseLiability
2597000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
3545000 USD
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
841000 USD
us-gaap Transfer Of Investments
TransferOfInvestments
1678000 USD
us-gaap Transfer Of Investments
TransferOfInvestments
1119000 USD
ocn Servicing Asset At Fair Value Derecognition
ServicingAssetAtFairValueDerecognition
0 USD
ocn Servicing Asset At Fair Value Derecognition
ServicingAssetAtFairValueDerecognition
263344000 USD
ocn Servicing Asset At Fair Value Pledged Financing Liability Derecognition
ServicingAssetAtFairValuePledgedFinancingLiabilityDerecognition
0 USD
ocn Servicing Asset At Fair Value Pledged Financing Liability Derecognition
ServicingAssetAtFairValuePledgedFinancingLiabilityDerecognition
263344000 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Assets
DeconsolidationofMortgageBackedSecuritizationTrustAssets
0 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Assets
DeconsolidationofMortgageBackedSecuritizationTrustAssets
10715000 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Liabilities
DeconsolidationofMortgageBackedSecuritizationTrustLiabilities
0 USD
ocn Deconsolidationof Mortgage Backed Securitization Trust Liabilities
DeconsolidationofMortgageBackedSecuritizationTrustLiabilities
9519000 USD
ocn Future Draw Commitments Fair Value Disclosure
FutureDrawCommitmentsFairValueDisclosure
0 USD
ocn Future Draw Commitments Fair Value Disclosure
FutureDrawCommitmentsFairValueDisclosure
47038000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
4409000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5250000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
243582000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
313736000 USD
CY2021Q2 ocn Debt Service Accounts
DebtServiceAccounts
15643000 USD
CY2020Q2 ocn Debt Service Accounts
DebtServiceAccounts
18757000 USD
CY2021Q2 us-gaap Restricted Cash
RestrictedCash
52275000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
45056000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
311500000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377549000 USD
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.15
CY2021Q2 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 and the provision for losses that may arise from contingencies including litigation proceedings. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ from those estimates and assumptions.</span></div>
ocn Average Periodto Securitization
AveragePeriodtoSecuritization
P30D
CY2021Q2 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
3155482000 USD
CY2021Q2 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
3147912000 USD
CY2020Q2 us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
1071252000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
6396831000 USD
us-gaap Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
1891253000 USD
CY2021Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
14350000 USD
CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
10391000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
27528000 USD
us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
22643000 USD
CY2021Q2 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
6780000 USD
CY2020Q2 us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
1669000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
10019000 USD
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
4277000 USD
CY2020Q2 ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
1079974000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
6414340000 USD
ocn Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales
CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
1909619000 USD
CY2021Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
35800000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
70100000 USD
CY2020Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
9100000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
15700000 USD
CY2021Q2 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
22484487000 USD
CY2020Q4 ocn Unpaid Principal Balance Of Loans Transferred
UnpaidPrincipalBalanceOfLoansTransferred
18062856000 USD
CY2021Q2 ocn Maximum Exposure To Loss
MaximumExposureToLoss
22845017000 USD
CY2020Q4 ocn Maximum Exposure To Loss
MaximumExposureToLoss
18343246000 USD
ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.054
CY2020 ocn Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due
PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue
0.068
CY2021Q2 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
11878000 USD
CY2021Q2 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
11878000 USD
CY2021Q2 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
68082000 USD
CY2021Q2 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
131504000 USD
CY2021Q2 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
55639000 USD
CY2021Q2 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
107581000 USD
CY2021Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
500814000 USD
CY2020Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
203592000 USD
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
366364000 USD
CY2019Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
208752000 USD
CY2021Q2 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
3286826000 USD
CY2020Q2 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1117548000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
6620727000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1949022000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
3094639000 USD
CY2020Q2 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1067574000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
6263654000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1872776000 USD
CY2021Q2 us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
11285000 USD
CY2020Q2 us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
8925000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
16703000 USD
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
15758000 USD
CY2021Q2 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
777000 USD
CY2020Q2 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
541000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1678000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
1119000 USD
CY2021Q2 ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
8893000 USD
CY2020Q2 ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
16924000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
17526000 USD
ocn Transfer Of Portfolio Loans To Receivables
TransferOfPortfolioLoansToReceivables
48226000 USD
CY2021Q2 ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
1493000 USD
CY2020Q2 ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
73000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
3545000 USD
ocn Transfer Of Portfolio Loans To Real Estate Owned
TransferOfPortfolioLoansToRealEstateOwned
841000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-1067000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
21835000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-14799000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
28253000 USD
CY2021Q2 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
4567000 USD
CY2020Q2 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-653000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-689000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-2295000 USD
CY2021Q2 ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
5259000 USD
CY2020Q2 ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
3670000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
9013000 USD
ocn Other Adjustment Mortgage Loans Held For Sale
OtherAdjustmentMortgageLoansHeldForSale
5787000 USD
CY2021Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
680866000 USD
CY2020Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
253037000 USD
CY2021Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
680866000 USD
CY2020Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
253037000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
7400000 USD
us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
7500000 USD
CY2021Q1 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
22471000 USD
CY2020Q1 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
49204000 USD
CY2020Q4 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
27652000 USD
CY2019Q4 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
73160000 USD
CY2021Q2 ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
1827000 USD
CY2020Q2 ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
16373000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
6667000 USD
ocn Proceedsfrom Saleof Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
46865000 USD
CY2021Q2 ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
0 USD
CY2020Q2 ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
154000 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
214000 USD
ocn Proceedsfrom Principal Paymentson Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
805000 USD
CY2021Q2 ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
492000 USD
CY2020Q2 ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
205000 USD
ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
492000 USD
ocn Transfersto Accounts Receivablefrom Mortgage Loans Heldforsaleat Lowerof Costor Fair Value
TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
-61000 USD
CY2021Q2 ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
125000 USD
CY2020Q2 ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
-227000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
514000 USD
ocn Gain Losson Saleof Mortgage Loans Heldforsaleat Lower Costor Fair Value
GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
1615000 USD
CY2021Q2 ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
1000 USD
CY2020Q2 ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
-365000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
-515000 USD
ocn Other Adjustmentsto Mortgage Loans Heldforsaleat Lower Costor Fair Value
OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
4714000 USD
CY2021Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
20278000 USD
CY2020Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
31880000 USD
CY2021Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
20278000 USD
CY2020Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value Before Valuation Allowance
LoansHeldForSaleAtLowerOfCostOrFairValueBeforeValuationAllowance
31880000 USD
CY2021Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
15154000 USD
CY2020Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
25480000 USD
CY2021Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
15154000 USD
CY2020Q2 ocn Loans Held For Sale At Lower Of Cost Or Fair Value
LoansHeldForSaleAtLowerOfCostOrFairValue
25480000 USD
CY2021Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
35802000 USD
CY2020Q2 ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
9128000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
70062000 USD
ocn Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales
ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales
15689000 USD
CY2021Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
34946000 USD
CY2020Q2 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
30545000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
55539000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
45366000 USD
CY2021Q2 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
3528000 USD
CY2020Q2 ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
6334000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
-5090000 USD
ocn Gain Loss On Interest Rate Derivative Instruments
GainLossOnInterestRateDerivativeInstruments
12048000 USD
CY2021Q2 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
5149000 USD
CY2020Q2 ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
147000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
168000 USD
ocn Change In Fair Value Of Mortgage Loans Held For Sale
ChangeInFairValueOfMortgageLoansHeldForSale
306000 USD
CY2021Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-188000 USD
CY2020Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-3128000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-188000 USD
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-10320000 USD
CY2021Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-722000 USD
CY2020Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-351000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-1995000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-522000 USD
CY2021Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
42713000 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
33547000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
48434000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
46878000 USD
CY2021Q1 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7044374000 USD
CY2021Q1 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7044374000 USD
CY2021Q1 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7044374000 USD
CY2021Q1 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7044374000 USD
CY2021Q1 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6778195000 USD
CY2020Q1 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6568821000 USD
CY2020Q1 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6323091000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
393707000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
273142000 USD
CY2021Q2 ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
379650000 USD
CY2020Q2 ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
278391000 USD
CY2021Q2 ocn Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails
HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails
14608000 USD
CY2020Q2 ocn Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails
HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails
7467000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
406856000 USD
CY2021Q2 ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
403770000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
195019000 USD
CY2020Q2 ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
192804000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
777000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
541000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
-31000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
157000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
84000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
100000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
81878000 USD
CY2021Q2 ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
55228000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
72846000 USD
CY2020Q2 ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
61471000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7112273000 USD
CY2021Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6823911000 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
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
6928459000 USD
CY2021Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6823911000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
6587943000 USD
CY2020Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6477616000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
183814000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
131049000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7112273000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2020Q4 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6997127000 USD
CY2020Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6772711000 USD
CY2019Q4 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6269596000 USD
CY2019Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6063434000 USD
ocn Loans Held For Investment Reverse Mortgages Cumulative Effect Of Fair Value Election
LoansHeldForInvestmentReverseMortgagesCumulativeEffectOfFairValueElection
0 USD
ocn Loans Held For Investment Reverse Mortgages Cumulative Effect Of Fair Value Election
LoansHeldForInvestmentReverseMortgagesCumulativeEffectOfFairValueElection
47038000 USD
ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
720442000 USD
ocn Loans Held For Investment Reverse Mortgages Originations
LoansHeldForInvestmentReverseMortgagesOriginations
568074000 USD
ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
667480000 USD
ocn Hmbs Related Borrowings Securitization
HMBSRelatedBorrowingsSecuritization
590640000 USD
ocn Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails
HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails
27173000 USD
ocn Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails
HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails
16165000 USD
ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
721009000 USD
ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
715332000 USD
ocn Loans Held For Investment Reverse Mortgages Repayments
LoansHeldForInvestmentReverseMortgagesRepayments
370114000 USD
ocn Hmbs Related Borrowings Repayments
HMBSRelatedBorrowingsRepayments
365233000 USD
ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
1678000 USD
ocn Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value
LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue
1119000 USD
ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
85000 USD
ocn Loans Held For Investment Reverse Mortgages Receivables Net
LoansHeldForInvestmentReverseMortgagesReceivablesNet
286000 USD
ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
195000 USD
ocn Loans Held For Investment Reverse Mortgages Real Estate Owned
LoansHeldForInvestmentReverseMortgagesRealEstateOwned
365000 USD
ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
117671000 USD
ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
71879000 USD
ocn Loans Held For Investment Reverse Mortgages Fair Value Changes
LoansHeldForInvestmentReverseMortgagesFairValueChanges
206168000 USD
ocn Hmbs Related Borrowings Change In Fair Value
HMBSRelatedBorrowingsChangeInFairValue
172610000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7112273000 USD
CY2021Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6823911000 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
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
6928459000 USD
CY2021Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6823911000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Securitized Loans
LoansHeldForInvestmentReverseMortgagesSecuritizedLoans
6587943000 USD
CY2020Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
6477616000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
183814000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages Un Securitized Loans
LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans
131049000 USD
CY2021Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
7112273000 USD
CY2020Q2 ocn Loans Held For Investment Reverse Mortgages
LoansHeldForInvestmentReverseMortgages
6718992000 USD
CY2021Q2 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
16163000 USD
CY2020Q2 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
14096000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
33270000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
19611000 USD
CY2021Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
10487000 USD
CY2020Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-2721000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
12522000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
13947000 USD
CY2021Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
26650000 USD
CY2020Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
11375000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
45792000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
33558000 USD
CY2021Q2 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2651000 USD
CY2020Q2 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2384000 USD
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
5335000 USD
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2998000 USD
CY2021Q2 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
29301000 USD
CY2020Q2 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
13759000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
51127000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
36556000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
768864000 USD
CY2020Q4 ocn Advances Payments On Behalf Of Borrower Gross
AdvancesPaymentsOnBehalfOfBorrowerGross
834512000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6891000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6273000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Net Of Valuation Allowance
AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance
761973000 USD
CY2020Q4 ocn Advances Payments On Behalf Of Borrower Net Of Valuation Allowance
AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance
828239000 USD
CY2021Q1 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
792837000 USD
CY2020Q1 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
1032180000 USD
CY2020Q4 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
834512000 USD
CY2019Q4 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
1066448000 USD
CY2021Q2 ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
4495000 USD
CY2020Q2 ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
0 USD
ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
4495000 USD
ocn Advances Paymentson Behalfof Borrower Asset Acquisitions
AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions
0 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
180317000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
225483000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
383717000 USD
ocn Advances Payments On Behalf Of Borrower Increase
AdvancesPaymentsOnBehalfOfBorrowerIncrease
469028000 USD
CY2021Q2 ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
115000 USD
CY2020Q2 ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
226000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
248000 USD
ocn Advances Paymentson Behalfof Borrower Sales
AdvancesPaymentsonBehalfofBorrowerSales
454000 USD
CY2021Q2 ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
208670000 USD
CY2020Q2 ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
348608000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
453612000 USD
ocn Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net
AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet
626193000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
768864000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
908829000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
768864000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Before Allowance For Losses
AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses
908829000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6159000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7373000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6273000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9925000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
2394000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
4532000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
3896000 USD
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
3771000 USD
CY2021Q2 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
1662000 USD
CY2020Q2 ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
4085000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
3278000 USD
ocn Financing Receivable Allowance For Credit Loss Writeoffs And Other
FinancingReceivableAllowanceForCreditLossWriteoffsAndOther
5876000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6891000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7820000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6891000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7820000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Net
AdvancesPaymentsOnBehalfOfBorrowerNet
761973000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Net
AdvancesPaymentsOnBehalfOfBorrowerNet
901009000 USD
CY2021Q2 ocn Advances Payments On Behalf Of Borrower Net
AdvancesPaymentsOnBehalfOfBorrowerNet
761973000 USD
CY2020Q2 ocn Advances Payments On Behalf Of Borrower Net
AdvancesPaymentsOnBehalfOfBorrowerNet
901009000 USD
CY2021Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1400217000 USD
CY2020Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1050228000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
0 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
51000 USD
CY2021Q2 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
35802000 USD
CY2020Q2 ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
9128000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
733538000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
15255000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-1606000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
1307000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
38396000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-9792000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
57037000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
40746000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2072518000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1044913000 USD
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1294817000 USD
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1486395000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
0 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
107000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
70062000 USD
ocn Servicing Assets At Fair Value Additions Recognized From Mortgage Sales
ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
15689000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
770316000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
46745000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-2134000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-263443000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-45619000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
151473000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
106162000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
88893000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
2072518000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1044913000 USD
CY2020Q2 ocn Servicing Asset At Fair Value Reclassification To Changes In Valuation Inputs Or Assumptions
ServicingAssetAtFairValueReclassificationToChangesInValuationInputsOrAssumptions
9500000 USD
ocn Servicing Asset At Fair Value Reclassification To Changes In Valuation Inputs Or Assumptions
ServicingAssetAtFairValueReclassificationToChangesInValuationInputsOrAssumptions
5000000.0 USD
CY2021Q2 ocn Loans Serviced Servicing
LoansServicedServicing
148882743000 USD
CY2021Q1 ocn Loans Serviced Servicing
LoansServicedServicing
91284985000 USD
CY2020Q4 ocn Loans Serviced Servicing
LoansServicedServicing
90174495000 USD
CY2020Q2 ocn Loans Serviced Servicing
LoansServicedServicing
70243789000 USD
CY2021Q2 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
59038668000 USD
CY2021Q1 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
61841181000 USD
CY2020Q4 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
64061198000 USD
CY2020Q2 ocn Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold
ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold
68490109000 USD
CY2021Q2 ocn Assets Serviced
AssetsServiced
207921411000 USD
CY2021Q1 ocn Assets Serviced
AssetsServiced
153126166000 USD
CY2020Q4 ocn Assets Serviced
AssetsServiced
154235693000 USD
CY2020Q2 ocn Assets Serviced
AssetsServiced
138733898000 USD
CY2021Q2 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
67300000000 USD
CY2020Q2 ocn Unpaid Principal Balance Of Portfolio Of Loans Acquired
UnpaidPrincipalBalanceOfPortfolioOfLoansAcquired
5700000000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
13100000 USD
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
41700000 USD
CY2021Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
79377000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
52336000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
143269000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
107745000 USD
CY2021Q2 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
2617000 USD
CY2020Q2 ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
10630000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
6104000 USD
ocn Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
15820000 USD
CY2021Q2 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
77716000 USD
CY2020Q2 ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
88405000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
158101000 USD
ocn Servicing Fee Collected On Behalf Of Counterparty
ServicingFeeCollectedOnBehalfOfCounterparty
208073000 USD
CY2021Q2 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
159710000 USD
CY2020Q2 ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
151371000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
307474000 USD
ocn Contractually Specified Servicing And Subservicing Fees Amount Total
ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal
331638000 USD
CY2021Q2 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
11447000 USD
CY2020Q2 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
12672000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
20679000 USD
us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
27311000 USD
CY2021Q2 ocn Recording Fees
RecordingFees
3202000 USD
CY2020Q2 ocn Recording Fees
RecordingFees
3369000 USD
ocn Recording Fees
RecordingFees
6854000 USD
ocn Recording Fees
RecordingFees
5927000 USD
CY2021Q2 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
2761000 USD
CY2020Q2 ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
2744000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
5711000 USD
ocn Loan Collection Fees Earned In Exchange For Servicing Financial Assets
LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets
7000000 USD
CY2021Q2 ocn Boarding And De Boarding Fees
BoardingAndDeBoardingFees
2184000 USD
CY2020Q2 ocn Boarding And De Boarding Fees
BoardingAndDeBoardingFees
1077000 USD
ocn Boarding And De Boarding Fees
BoardingAndDeBoardingFees
5203000 USD
ocn Boarding And De Boarding Fees
BoardingAndDeBoardingFees
1356000 USD
CY2021Q2 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
1306000 USD
CY2020Q2 ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
1590000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
2313000 USD
ocn Float Earnings Earned In Exchange For Servicing Financial Assets
FloatEarningsEarnedInExchangeForServicingFinancialAssets
7731000 USD
CY2021Q2 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
3831000 USD
CY2020Q2 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2417000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
7945000 USD
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
5760000 USD
CY2021Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
24731000 USD
CY2020Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
23869000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
48705000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
55085000 USD
CY2021Q2 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
184441000 USD
CY2020Q2 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
175240000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
356179000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
386723000 USD
CY2021Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
2100000000 USD
CY2020Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1700000000 USD
CY2020Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
1900000000 USD
CY2020Q1 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
601684000 USD
CY2019Q4 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
950593000 USD
us-gaap Servicing Liability At Fair Value Additions
ServicingLiabilityAtFairValueAdditions
0 USD
CY2020Q2 ocn Financing Liability At Fair Value
FinancingLiabilityAtFairValue
582558000 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
CY2021Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
61400000000 USD
CY2019Q1 ocn Initial Term To Subservice Mortgage Servicing Rights
InitialTermToSubserviceMortgageServicingRights
P3Y
CY2020Q1 ocn Unpaid Principal Balance Of Loans Related To Termination
UnpaidPrincipalBalanceOfLoansRelatedToTermination
34200000000 USD
CY2021Q2 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
97739000 USD
CY2020Q4 ocn Servicing Receivable Government Insured Loan Claims
ServicingReceivableGovernmentInsuredLoanClaims
103058000 USD
CY2021Q2 ocn Servicing Receivable Government Insured Loan Claims Reverse
ServicingReceivableGovernmentInsuredLoanClaimsReverse
27216000 USD
CY2020Q4 ocn Servicing Receivable Government Insured Loan Claims Reverse
ServicingReceivableGovernmentInsuredLoanClaimsReverse
32887000 USD
CY2021Q2 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
11949000 USD
CY2020Q4 ocn Servicing Receivable Due From Custodial Accounts
ServicingReceivableDueFromCustodialAccounts
19393000 USD
CY2021Q2 ocn Servicing Fee Due From Interim Subservicer
ServicingFeeDueFromInterimSubservicer
9734000 USD
CY2020Q4 ocn Servicing Fee Due From Interim Subservicer
ServicingFeeDueFromInterimSubservicer
43000 USD
CY2021Q2 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
6446000 USD
CY2020Q4 ocn Servicing Receivable Reimbursable Expenses
ServicingReceivableReimbursableExpenses
4927000 USD
CY2021Q2 ocn Counter Party Receivables
CounterPartyReceivables
2616000 USD
CY2020Q4 ocn Counter Party Receivables
CounterPartyReceivables
4611000 USD
CY2021Q2 ocn Servicing Receivable Other
ServicingReceivableOther
2169000 USD
CY2020Q4 ocn Servicing Receivable Other
ServicingReceivableOther
1087000 USD
CY2021Q2 ocn Servicing Receivable Net
ServicingReceivableNet
157869000 USD
CY2020Q4 ocn Servicing Receivable Net
ServicingReceivableNet
166006000 USD
CY2021Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
45929000 USD
CY2020Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
57503000 USD
CY2021Q2 ocn Other Receivables Net
OtherReceivablesNet
3235000 USD
CY2020Q4 ocn Other Receivables Net
OtherReceivablesNet
3200000 USD
CY2021Q2 ocn Other Receivables Gross
OtherReceivablesGross
207033000 USD
CY2020Q4 ocn Other Receivables Gross
OtherReceivablesGross
226709000 USD
CY2021Q2 ocn Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
41848000 USD
CY2020Q4 ocn Other Receivables Allowance For Losses
OtherReceivablesAllowanceForLosses
39044000 USD
CY2021Q2 us-gaap Other Receivables
OtherReceivables
165185000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
187665000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
250000000.0 USD
CY2021Q2 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5000000.0 USD
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.15
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
250000000.0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11528000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
350000 USD
CY2021Q2 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
11878000 USD
CY2021Q2 us-gaap Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
523012000 USD
CY2020Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Repurchase Agreements At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue
480221000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
24585000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
23246000 USD
CY2021Q2 us-gaap Prepaid Expense Current And Noncurrent
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20116000 USD
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
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21176000 USD
CY2021Q2 us-gaap Prepaid Expense Other Noncurrent
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15173000 USD
CY2020Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
15173000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10176000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9556000 USD
CY2021Q2 us-gaap Other Real Estate
OtherRealEstate
8366000 USD
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
7771000 USD
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3657000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
3543000 USD
CY2021Q2 us-gaap Deposits Assets
DepositsAssets
2167000 USD
CY2020Q4 us-gaap Deposits Assets
DepositsAssets
2222000 USD
CY2021Q2 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
1607000 USD
CY2020Q4 us-gaap Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
2019000 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3076000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6556000 USD
CY2021Q2 us-gaap Other Assets
OtherAssets
611935000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
571483000 USD
CY2021Q2 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6823911000 USD
CY2020Q4 ocn Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value
HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
6772711000 USD
CY2021Q2 ocn Other Financing Liabilities
OtherFinancingLiabilities
544251000 USD
CY2020Q4 ocn Other Financing Liabilities
OtherFinancingLiabilities
576722000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2021Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
600000 USD
CY2021Q2 ocn Debt Instrument Covenant Compliance Consolidated Tangible Net Worthat Period End
DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd
275000000.0 USD
CY2021Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
523012000 USD
CY2020Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
480221000 USD
CY2021Q2 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
84288000 USD
CY2020Q4 ocn Remittance Of Advances And Servicing Fees
RemittanceOfAdvancesAndServicingFees
94691000 USD
CY2021Q2 ocn Servicing Assets Purchase Price Holdback
ServicingAssetsPurchasePriceHoldback
77548000 USD
CY2020Q4 ocn Servicing Assets Purchase Price Holdback
ServicingAssetsPurchasePriceHoldback
20923000 USD
CY2021Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
76215000 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
87898000 USD
CY2021Q2 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
46926000 USD
CY2020Q4 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
38932000 USD
CY2021Q2 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
45422000 USD
CY2020Q4 ocn Due To Servicing And Subservicing Investors
DueToServicingAndSubservicingInvestors
35237000 USD
CY2021Q2 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
43370000 USD
CY2020Q4 ocn Indemnification Obligations Liability
IndemnificationObligationsLiability
41920000 USD
CY2021Q2 ocn Checks Held For Escheat
ChecksHeldForEscheat
39835000 USD
CY2020Q4 ocn Checks Held For Escheat
ChecksHeldForEscheat
35654000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
22593000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
27393000 USD
CY2021Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
15961000 USD
CY2020Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
16188000 USD
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
14485000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4915000 USD
CY2021Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
12512000 USD
CY2020Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
12662000 USD
CY2021Q2 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
5864000 USD
CY2020Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
6051000 USD
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4039000 USD
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4638000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
13766000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
16652000 USD
CY2021Q2 us-gaap Other Liabilities
OtherLiabilities
1025836000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
923975000 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 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.90
CY2020Q1 us-gaap Payments For Commissions
PaymentsForCommissions
100000 USD
CY2020Q4 us-gaap Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
4692 shares
CY2020Q3 ocn Common Stock Shares Outstanding Before Stock Split
CommonStockSharesOutstandingBeforeStockSplit
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CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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1184768 shares
CY2021Q1 ocn Percentage Ownership Upon Exercise Of Warrants
PercentageOwnershipUponExerciseOfWarrants
0.12
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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26.82
CY2021Q1 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
16500000 USD
CY2021Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
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CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
23.15
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9900000 USD
CY2021Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
261248 shares
CY2021Q2 ocn Percentage Ownership Upon Exercise Of Warrants
PercentageOwnershipUponExerciseOfWarrants
0.03
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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24.31
CY2021Q2 ocn Allocated Fair Value Of Common Stock
AllocatedFairValueOfCommonStock
12600000 USD
CY2021Q2 ocn Allocated Fair Value Of Warrants
AllocatedFairValueOfWarrants
4300000 USD
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
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CY2021Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
24585000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1254905000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
23246000 USD
CY2021Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
1880000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4039000 USD
CY2020Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
420000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4638000 USD
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4030000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
45263000 USD
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
100000 USD
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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CY2021Q2 us-gaap Interest Expense
InterestExpense
33516000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
26760000 USD
us-gaap Interest Expense
InterestExpense
61968000 USD
us-gaap Interest Expense
InterestExpense
56742000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1954000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8844637 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1954000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1779000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8999544 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8651273 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8844637 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8820931 shares
CY2021Q2 ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
0 shares
CY2020Q2 ocn Incremental Common Shares Attributable To Common Stock Awards
IncrementalCommonSharesAttributableToCommonStockAwards
10217 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
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8999544 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8661490 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8844637 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8820931 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
119262 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
211729 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
149744 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
245410 shares
us-gaap Interest And Debt Expense
InterestAndDebtExpense
19900000 USD
CY2020Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9500000 USD
CY2021Q2 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
184441000 USD
CY2021Q2 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
29301000 USD
CY2021Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
42713000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8990000 USD
CY2021Q2 us-gaap Revenues
Revenues
265445000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
72450000 USD
CY2021Q2 us-gaap Costs And Expenses
CostsAndExpenses
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InterestAndOtherIncome
4188000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
33516000 USD
CY2021Q2 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
39810000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
350000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3364000 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-22237000 USD
CY2020Q2 ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
175240000 USD
CY2020Q2 ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
13759000 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
33547000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4478000 USD
CY2020Q2 us-gaap Revenues
Revenues
227024000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
23434000 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
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CY2020Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
3566000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
26760000 USD
CY2020Q2 us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
41686000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6156000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
356179000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
51127000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
48434000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
17299000 USD
us-gaap Revenues
Revenues
473039000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
51242000 USD
us-gaap Costs And Expenses
CostsAndExpenses
289437000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
8124000 USD
us-gaap Interest Expense
InterestExpense
61968000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-15458000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
77660000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
350000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3654000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-142958000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10598000 USD
ocn Servicing And Subservicing Fees
ServicingAndSubservicingFees
386723000 USD
ocn Feeand Commissions Reverse Mortgage Banking
FeeandCommissionsReverseMortgageBanking
36556000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
46878000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10709000 USD
us-gaap Revenues
Revenues
480866000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs
197554000 USD
us-gaap Costs And Expenses
CostsAndExpenses
282023000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
8961000 USD
us-gaap Interest Expense
InterestExpense
56742000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
48280000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1271000 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
-93501000 USD
CY2021Q2 us-gaap Assets
Assets
11767710000 USD
CY2020Q4 us-gaap Assets
Assets
10651127000 USD
CY2020Q2 us-gaap Assets
Assets
10310438000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
2209000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1609000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
7096000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1519000 USD
us-gaap Depreciation
Depreciation
5066000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3232000 USD
us-gaap Depreciation
Depreciation
11093000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4181000 USD
CY2021Q2 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
417100000 USD
ocn Threshold Percentage Of Outstanding Principal Balance On Maximum Claim Amount
ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount
0.98
CY2020Q4 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding
458 Securities
CY2021Q2 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
41578000 USD
CY2020Q2 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
44412000 USD
CY2020Q4 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue
86301000 USD
ocn Additions To Home Equity Conversion Mortgage Backed Security Repurchases
AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases
255 Securities
ocn Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value
AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
61822000 USD
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases
237 Securities
ocn Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases Value
RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue
-48459000 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
-1475000 USD
CY2021Q2 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding
476 Securities
CY2021Q2 ocn Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value
HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue
98189000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
250000000 USD
CY2021Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
270 Employees
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="margin-bottom:6pt;margin-top:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;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 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 fair-housing advocates, commercial counterparties, including claims by parties to whom we have sold loans, MSRs or other assets, parties on whose behalf we service or serviced mortgage loans, parties who provide ancillary services including property preservation and other post-foreclosure related services, and parties who provide or provided consulting or other services to Ocwen.</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%">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, bankruptcy violation actions, payment misapplication 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 and individual state laws, claims related to our payment, escrow and other processing operations, claims relating to fees imposed on borrowers relating to inspection fees, foreclosure attorneys’ fees, reinstatement fees, foreclosure registration fees, payment processing, payment facilitation or payment convenience fees, claims related to ancillary products marketed and sold to borrowers, claims related to call recordings, claims regarding certifications of our legal compliance related to our participation in certain government programs, claims related to improper occupancy inspections, and claims related to untimely recording of mortgage satisfactions. 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 improperly assessed and/or 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-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%">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 </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%">legal fees, was $46.9 million at June 30, 2021. We cannot currently estimate the amount, if any, of reasonably possible losses above amounts that have been recorded at June 30, 2021. </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%">As previously disclosed, we are subject to individual lawsuits relating to our FDCPA compliance and putative state law class actions based on the FDCPA and 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:120%">, 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:120%">, filed in March 2020 in the United States District Court for the Southern District of Florida, alleging that PMC’s and legacy Ocwen’s practices 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 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:120%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> matter. A motion requesting preliminary approval of the settlement was filed on August 25, 2020. Several third parties, including a group of State Attorneys General, have filed papers opposing preliminary approval, and these third parties could ultimately file objections to the proposed settlement. Following the preliminary approval hearing, PMC and plaintiffs renegotiated portions of the settlement agreement to address several questions raised by the Court, and subsequently filed a renewed motion for preliminary approval. 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:120%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> settlement will resolve the claims of the majority of the putative class members described in the other similar cases that Ocwen is defending. 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:120%">Morris</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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:120%">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. See Munoz v. PHH Mortgage Corp. et al., No. 1:08-cv-00759-DAD-BAM (E.D. Ca.). In June 2015, the court certified a class of borrowers who obtained loans with private mortgage insurance through PHH’s captive reinsurance arrangement between June 2, 2007 and December 31, 2009. PHH has asserted numerous defenses to the merits of the case. On August 12, 2020, the Court granted, in part, Plaintiffs’ Motion for Partial Summary Judgment. The only issue remaining for trial is whether the reinsurance services provided by PHH’s captive reinsurance subsidiary, Atrium, were actually provided in order for the safe harbor provision of RESPA to apply. Pre-trial conferences were held on February 1, 2021 and May 24, 2021. Following the pre-trial conferences, the Court scheduled trial to begin on February 15, 2022. PHH accrued $2.5 million when the case was filed in 2008 and that amount is included in the $46.9 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, reputation, 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%">The same plaintiffs who filed a TCPA class action against Ocwen subsequently filed a similar class action against trustees of RMBS trusts based on vicarious liability for Ocwen’s alleged non-compliance with the TCPA. This class action filed against the trustees has settled, and while the trustees previously have indicated their intent to seek indemnification from Ocwen based on the vicarious liability claims, they have yet to take any formal action. Additional lawsuits have been and may be filed against us in relation to our TCPA compliance. However, a recent Supreme Court decision significantly undercuts the predominant theory of liability under the TCPA, and should provide even greater defenses on which Ocwen can rely when defending existing lawsuits or any additional lawsuits that may be filed. Nevertheless, given the recency of this Supreme Court decision, and the lack of opportunity for lower courts to interpret and apply it, it remains difficult to predict 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="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 a defendant in a certified class action in the U.S. District Court in the Eastern District of California where the plaintiffs claim Ocwen marked up fees for property valuations and title searches in violation of California state law. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See Weiner v. Ocwen Financial Corp., et al</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.; 2:14-cv-02597-MCE-DB. Ocwen’s motion for summary judgment, filed in June 2019, was denied in May 2020; however, the court did rule that plaintiff’ recoverable damages are limited to out-of-pocket costs, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">i.e.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the amount of marked-up fees actually paid, rather than the entire cost of the valuation that plaintiffs sought. A jury trial was recently rescheduled to commence March 7, 2022. 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. Ocwen may have affirmative indemnification rights and/or other claims against third parties related to the allegations in the lawsuit. Although we may pursue these claims, we cannot currently estimate the amount, if any, of recoveries from these third parties.</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%">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 MSRs. </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 are currently involved in a dispute with a former subservicing client, HSBC Bank USA, N.A. (HSBC), which filed a complaint in the Supreme Court of the State of New York against PHH. See HSBC Bank USA, N.A. v. PHH Mortgage Corp.; (Supreme Court of the State of N.Y.; Index No. 655868/2020). 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 are vigorously defending the action. 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 are also currently involved in three lawsuits pending in the Supreme Court of the State of New York with a purchaser of MSRs, Mr. Cooper (formerly Nationstar Mortgage Holdings Inc.), who alleges breaches of representations and warranties made by PHH in the MSR sale agreements. The initial complaint filed in the first case was dismissed in its entirety, but Mr. Cooper has since appealed that ruling, filed an amended complaint in that case, and commenced the second and third litigation. We believe we have strong factual and legal defenses to Mr. Cooper’s claims and are vigorously defending ourselves. 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 events of default alleging material failures by servicers to comply with applicable servicing agreements. Although Ocwen has not been sued by an RMBS trustee in response to an event of default notice, 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 event 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 an event of default notice, nor can we predict at this time the potential loss or range of loss, if any, associated with the resolution of any event of default notice or the potential impact on our operations. If Ocwen were to be terminated as servicer, or other related legal actions were pursued against Ocwen, it could have an adverse effect on Ocwen’s business, 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-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 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. We may also on occasion be subject to foreign regulatory actions in the countries where we operate outside the U.S. 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 </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%">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:120%">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. The parties participated in a mediation session on October 23, 2020,and held additional settlement discussions following the conclusion of the mediation session, however, the parties were unable to reach a resolution of the 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%">On March 4, 2021, the court issued an order granting in part and reserving ruling in part on Ocwen’s motion for summary judgment. In that order, the court granted Ocwen summary judgment on 9 of 10 counts in the CFPB’s amended complaint, finding that the CFPB’s allegations were barred under the principles of claim preclusion or </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">res judicata</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the extent those claims are premised on servicing activity occurring prior to February 26, 2017 and are covered by a 2014 Consent Judgment entered by the United States District Court for the District of Columbia. The CFPB subsequently filed its Second Amended Complaint to remove count 10 as well as allegations in counts 1-9 concerning servicing activity that occurred after February 26, 2017. On April 21, 2021, the court entered final judgment in our favor, denied all pending motions as moot, and closed the case. The CFPB thereafter filed a notice of appeal. The Eleventh Circuit held an appellate mediation on June 23, 2021, but the parties did not resolve the case. The initial round of appellate briefing is scheduled to conclude August 12, 2021.</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 current accrual with respect to this matter is included in the $46.9 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 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 </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%">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:120%">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:120%">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, completing a third-party 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:120%">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 and we have completed all required remediation measures required as part of that review. 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%">We have exposure to representation, warranty and indemnification obligations relating to our Originations business, including lending, sales and securitization activities, and relating to our servicing practices. </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 June 30, 2021 and June 30, 2020, we had outstanding representation and warranty repurchase demands of $50.7 million UPB (267 loans) and $43.7 million UPB (262 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;margin-bottom:5pt;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:10pt;font-weight:700;line-height:100%">Six Months Ended June 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%">2021</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%">2020</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%">40,374 </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%">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"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;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%">458 </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%">1,725 </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 7.75pt;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 liability</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%">1,993 </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%">522 </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 7.75pt;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%">(1,247)</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%">(8,673)</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%">41,578 </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%">44,412 </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 June 30, 2021</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 five 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 service providers and parties from whom we purchased 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>
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
46900000 USD
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
46900000 USD
CY2021Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
46900000 USD
CY2017Q2 ocn Number Of States Charging With Regulatory Action
NumberOfStatesChargingWithRegulatoryAction
29 States
CY2021Q2 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
50700000 USD
CY2021Q2 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
267 loan
CY2020Q2 ocn Warranty Repurchase Demands Unpaid Principal Balance
WarrantyRepurchaseDemandsUnpaidPrincipalBalance
43700000 USD
CY2020Q2 ocn Warranty Repurchase Demands Number Of Loans
WarrantyRepurchaseDemandsNumberOfLoans
262 loan
CY2020Q4 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
40374000 USD
CY2019Q4 ocn Representation Warranty And Compensatory Fees Obligations
RepresentationWarrantyAndCompensatoryFeesObligations
50838000 USD
ocn Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
458000 USD
ocn Provision For Representation And Warranty Obligations
ProvisionForRepresentationAndWarrantyObligations
1725000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
1993000 USD
ocn Indemnification Obligations Liability Reserves
IndemnificationObligationsLiabilityReserves
522000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
1247000 USD
ocn Indemnification Obligations Liability Charge Offs
IndemnificationObligationsLiabilityChargeOffs
8673000 USD

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