Home Loan Servicing Solutions (HLSSF) 10-K 6 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 06, 2014	Jun. 28, 2013
Document Information [Line Items]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Trading Symbol	'HLSS	'	'
Entity Registrant Name	'HOME LOAN SERVICING SOLUTIONS, LTD.	'	'
Entity Central Index Key	'0001513161	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	71,016,771	'
Entity Public Float	'	'	$1,678,051,323

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'		'
Cash and cash equivalents	$87,896		$76,048
Match funded advances	6,387,781		3,098,198
Notes receivable - Rights to MSRs	651,060		303,705
Related party receivables	70,049		28,271
Deferred tax assets	1,024		'
Other assets	130,153		79,091
Total assets	7,327,963		3,585,313
Liabilities	'		'
Match funded liabilities	5,715,622	[1]	2,690,821
Other borrowings	343,386		'
Dividends payable	10,653		6,706
Income taxes payable	682		46
Deferred tax liabilities	1,266		'
Related party payables	10,732		2,874
Other liabilities	11,884		4,233
Total liabilities	6,094,225		2,704,680
Commitments and Contingencies (See Note 15)	'		'
Equity	'		'
Equity - Ordinary shares, $.01 par value; 200,000,000 shares authorized; 71,016,771 and 55,884,718 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively	710		559
Additional paid-in capital	1,210,057		876,657
Retained earnings	20,804		4,493
Accumulated other comprehensive income (loss), net of tax	2,167		-1,076
Total equity	1,233,738		880,633
Total liabilities and equity	$7,327,963		$3,585,313
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Common stock, Par value	$0.01	$0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	71,016,771	55,884,718
Common stock, shares outstanding	71,016,771	55,884,718

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenue	'	'	'
Interest income - notes receivable - Rights to MSRs	$245,863	$54,699	'
Interest income - other	2,195	109	'
Total interest income	248,058	54,808	'
Related party revenue	1,811	2,316	'
Total revenue	249,869	57,124	'
Operating expenses	'	'	'
Compensation and benefits	5,825	3,751	'
Related party expenses	1,400	755	'
General and administrative expenses	4,645	1,644	273
Total operating expenses	11,870	6,150	273
Income (loss) from operations	237,999	50,974	-273
Other expense	'	'	'
Interest expense	110,071	24,057	'
Total other expense	110,071	24,057	'
Income (loss) before income taxes	127,928	26,917	-273
Income tax expense	234	46	'
Net income (loss)	$127,694	$26,871	($273)
Earnings (loss) per share	'	'	'
Basic	$1.99	$1.56	($13.66)
Diluted	$1.99	$1.56	($13.66)
Weighted average ordinary shares outstanding	'	'	'
Basic	64,132,383	17,230,858	20,000
Diluted	64,132,383	17,230,858	20,000
Dividends declared per share	$1.70	$1.45	$0

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net income (loss)	$127,694	$26,871	($273)
Other comprehensive income(loss), before tax:	'	'	'
Change in the value of designated cash flow hedges	4,382	-1,076	'
Total other comprehensive income(loss), before tax	4,382	-1,076	'
Income tax related to items of other comprehensive income (loss):	'	'	'
Tax expense on change in the value of designated cash flow hedges	1,139	'	'
Total income tax expense related to items of other comprehensive income (loss)	1,139	'	'
Total other comprehensive income (loss), net of tax	3,243	-1,076	'
Total comprehensive income (loss)	$130,937	$25,795	($273)

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)	Total	Ordinary Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income, net of tax
In Thousands, except Share data
Balance at Dec. 31, 2010	$282	'	$300	($18)	'
Balance (in shares) at Dec. 31, 2010	'	20,000	'	'	'
Net income (loss)	-273	'	'	-273	'
Balance at Dec. 31, 2011	9	'	300	-291	'
Balance (in shares) at Dec. 31, 2011	'	20,000	'	'	'
Net income (loss)	26,871	'	'	26,871	'
Other comprehensive income (loss), net of tax	-1,076	'	'	'	-1,076
Issuance of ordinary shares, net of costs (in shares)	55,864,718	55,864,718	'	'	'
Issuance of ordinary shares, net of costs	879,852	559	879,293	'	'
Declaration of cash dividends	-25,023	'	-2,936	-22,087	'
Balance at Dec. 31, 2012	880,633	559	876,657	4,493	-1,076
Balance (in shares) at Dec. 31, 2012	'	55,884,718	'	'	'
Net income (loss)	127,694	'	'	127,694	'
Other comprehensive income (loss), net of tax	3,243	'	'	'	3,243
Issuance of ordinary shares, net of costs (in shares)	15,132,053	15,132,053	'	'	'
Issuance of ordinary shares, net of costs	333,551	151	333,400	'	'
Declaration of cash dividends	-111,383	'	'	-111,383	'
Balance at Dec. 31, 2013	$1,233,738	$710	$1,210,057	$20,804	$2,167
Balance (in shares) at Dec. 31, 2013	'	71,016,771	'	'	'

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Declaration of cash dividends, per share	$1.70	$1.45	$0

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities	'	'	'
Net income (loss)	$127,694	$26,871	($273)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'
Amortization of debt issuance costs	16,950	6,960	'
Accretion of original issue discount on other borrowings	386	'	'
Changes in assets and liabilities:	'	'	'
Decrease in match funded advances, net	550,371	142,403	'
(Increase) in debt service accounts	-36,134	-52,990	'
(Increase) in related party receivables	-42,951	-28,271	'
Increase in related party payables	10,439	1,465	1,487
(Increase) decrease in other assets	-229	-26	69
Increase (decrease) in other liabilities	8,920	1,490	-1,300
Net cash provided by (used in) operating activities	635,446	97,902	-17
Cash flows from investing activities	'	'	'
Purchase of Notes receivable - Rights to MSRs	-415,995	-316,622	'
Reduction in Notes receivable - Rights to MSRs	69,812	12,917	'
Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable - Rights to MSRs	-3,842,536	-2,902,151	'
Net cash used in investing activities	-4,188,719	-3,205,856	'
Cash flows from financing activities	'	'	'
Proceeds from match funded liabilities, net	3,024,800	2,332,486	'
Proceeds from other borrowings	344,750	'	'
Payment of other borrowings	-1,750	'	'
Payment of debt issuance costs	-28,794	-10,808	'
Proceeds from issuance of ordinary shares	334,390	885,457	'
Payment of offering costs	-839	-5,099	'
Payment of dividends to shareholders	-107,436	-18,317	'
Net cash provided by financing activities	3,565,121	3,183,719	'
Net increase (decrease) in cash and cash equivalents	11,848	75,765	-17
Cash and cash equivalents at beginning of year	76,048	283	300
Cash and cash equivalents at end of year	87,896	76,048	283
Supplemental cash flow information	'	'	'
Interest paid	119,428	31,094	'
Taxes paid	499	'	'
Supplemental non-cash financing activities	'	'	'
Dividends declared but not paid	10,653	6,706	'
Offering costs accrued but not paid	'	506	'
Debt issuance costs accrued but not paid	$44	'	'

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Organization
	HLSS and its wholly owned subsidiaries are engaged in the business of acquiring Mortgage Servicing Assets. We do not originate mortgage loans, and as a result we are not subject to the risk of loss related to the origination of mortgage loans. We engaged Ocwen, a high quality residential mortgage loan servicer, to service the mortgage loans underlying our Mortgage Servicing Assets and therefore have not and do not intend to develop our own mortgage servicing platform. Our target is to distribute approximately 90% of our Net income over time to our shareholders in the form of a monthly cash dividend.
	Basis of Presentation
	We prepared the accompanying audited Consolidated Financial Statements in conformity with the instructions of the SEC to Form 10-K for annual financial statements. The preparation of financial statements in conformity with GAAP requires that we 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. Prior to our IPO on March 5, 2012 we were a developmental stage company. Therefore, our results for the years ended December 31, 2012 and 2011 do not reflect a full twelve months of operations and are not fully comparable to the results for the year ended December 31, 2013.
	Principles of Consolidation
	Our financial statements include the accounts of HLSS and its wholly owned subsidiaries, as well as two VIEs of which we are the primary beneficiary. We eliminate intercompany accounts and transactions in consolidation.
	We evaluate each SPE for classification as a VIE. When a SPE meets the definition of a VIE and we determine that HLSS is the primary beneficiary, we include the SPE in our Consolidated Financial Statements.
	Our Match funded advances are in two SPEs along with related Match funded liabilities. We determined that these SPEs are VIEs of which we are the primary beneficiaries. The accounts of these SPEs are included in our Consolidated Financial Statements.
	Match funded advances on loans serviced for others result from our transfers of residential loan servicing advances to SPEs in exchange for cash. The SPEs issue debt supported by collections on the transferred advances. We made these transfers under the terms of our advance facility agreements. These transfers do not qualify for sale accounting because we retain control over the transferred assets. As a result, we account for these transfers as financings and classify the transferred advances on our Consolidated Balance Sheet as Match funded advances and the related liabilities as Match funded liabilities. We use collections on the advances pledged to the SPEs to repay principal and to pay interest and the expenses of each entity. Holders of the debt issued by each entity can look only to the assets of the entity itself for satisfaction of the debt and have no recourse against HLSS. We did not provide financial or other support to our SPEs during the current fiscal period, nor are we required to under the terms of our advance facility agreements.
	The following table summarizes the assets and liabilities of the SPEs formed in connection with our current Match funded advance facilities, at the dates indicated:
			December 31,		December 31,
			2013		2012
	Match funded advances		$	6,387,781	$	3,098,198
	Related party receivables (1)			60,239		21,265
	Other assets (2)			119,902		77,110
	Total assets		$	6,567,922	$	3,196,573
	Match funded liabilities		$	5,715,622	$	2,690,821
	Other liabilities			4,673		2,203
	Total liabilities		$	5,720,295	$	2,693,024
	-1	Relates to collections made by Ocwen on outstanding Match funded advances. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of December 31, 2013 and 2012. See Note 14 for more information about our Related party receivables.
	-2	Other assets principally include debt service accounts and debt issuance costs. See Note 5 for more information about our Other assets.
	Cash and Cash Equivalents
	Cash and cash equivalents include interest-bearing demand deposits with financial institutions with original maturities of 90 days and less. There were no restrictions on the use of our cash and cash equivalents balances as of December 31, 2013 and 2012.
	Servicing Activities and Match Funded Advances
	As part of our agreements with Ocwen, we are obligated to purchase the servicing advances made by Ocwen pursuant to the PSAs related to any Acquired Mortgage Servicing Rights. Servicing advances serve as collateral under the terms of our advance facilities and therefore we classify the servicing advances we purchase from Ocwen as “Match funded advances”.
	Residential mortgage loan servicers manage the billing, collections and loss mitigation activities associated with mortgage loans that are originated by banks or other lenders. Servicers send borrowers monthly account statements, collect monthly mortgage payments, remit such payments to the owner of the mortgage loan, answer customer service inquiries and maintain custodial accounts to hold borrower payments of principal and interest and amounts received from borrowers to pay real estate taxes and insurance with respect to the properties securing the mortgage loans and pay such real estate taxes and insurance premiums from the custodial accounts. A servicer will also remit collections on the mortgage loans from the custodial accounts to the trustee of the applicable securitization trust to make payments on the related mortgage-backed securities and prepare and deliver monthly and annual reports to the trustee. A servicer may also be required to advance its own funds to cover shortfalls in collections of principal and interest from borrowers, to pay property and casualty insurance premiums and real estate taxes on a property and to cover the costs associated with protecting or foreclosing on a property. If borrowers become delinquent on loans, the servicer generally may conduct loss mitigation activities to reduce loan delinquencies and losses by working with borrowers to collect payments and modify loans or enforce the lenders’ remedies, which may include initiating foreclosure procedures and selling the properties.
	Match funded advances generally fall into one of three categories:
		•		“Principal and Interest Advances” are cash payments made by the servicer to the owner of the mortgage loan to cover scheduled payments of principal and interest on a mortgage loan that have not been paid on a timely basis by the borrower.
		•		“Taxes and Insurance Advances” are cash payments made by the servicer to third parties on behalf of the borrower for real estate taxes and insurance premiums on the property that have not been paid on a timely basis by the borrower.
		•		“Corporate Advances” are cash payments made by the servicer to third parties for the costs and expenses incurred in connection with the foreclosure, preservation and sale of the mortgaged property, including attorneys’ and other professional fees.
	Match funded advances are usually reimbursed from amounts received with respect to the related mortgage loan, including payments from the borrower or amounts received from the liquidation of the property securing the loan which is referred to as “loan level recovery.” Servicers generally have the right to cease making servicing advances on a loan if they determine that advances are not recoverable at the loan level. With respect to the Rights to MSRs that we own, Ocwen makes this determination in accordance with its stop advance policy. In the event that loan level recovery is not sufficient to reimburse the servicer in full for servicing advances made with respect to a mortgage loan, most of our PSAs provide that the servicer is entitled to be reimbursed from collections received with respect to other loans in the same securitized mortgage pool which is referred to as “pool level recovery”. We do not receive interest on Match funded advances.
	We may record a charge to earnings to the extent that we believe Match funded advances are uncollectible (we recorded no such charges for the years ended December 31, 2013, 2012 and 2011) under the provisions of each servicing contract taking into consideration the projected collections under the applicable loan or pool relative to the Match funded advances outstanding and the projected future Match funded advances. However, the servicer is generally only obligated to advance funds to the extent that it believes the advances are recoverable from expected proceeds from the loan. We assess collectability using proprietary cash flow projection models which incorporate a number of different factors, depending on the characteristics of the mortgage loan or pool, including, for example, time to a foreclosure sale, estimated costs of foreclosure action, future property tax payments and the value of the underlying property net of carrying costs, commissions and closing costs.
	Notes Receivable – Rights to MSRs and Interest Income
	In connection with our purchase of the Rights to MSRs we received all the rights and rewards of ownership of mortgage servicing rights absent the necessary approvals required to allow us to become the named servicer under the applicable PSAs. ASC 860, Transfers and Servicing, specifically prohibits accounting for a transfer of servicing rights as a sale if legal title to such servicing rights has not passed to the purchaser. As a result, we are required to account for the purchase of the Rights to MSRs as a financing. We initially recorded the Notes receivable – Rights to MSRs at the purchase price of the Rights to MSRs. We amortize the Notes receivable –Rights to MSRs using the interest method of accounting. At each reporting date, we calculate the present value of the net cash flows related to the then outstanding UPB of the underlying mortgage servicing rights and adjust the carrying value of the Notes receivable – Rights to MSRs to this amount. The change in the carrying value of the Notes receivable – Rights to MSRs reduces the net servicing fees received by us with respect to the mortgage servicing rights and the servicing fees paid to Ocwen with respect to the mortgage servicing rights. We record the resulting amount as Interest income. Interest income is our primary source of income. See Note 10 for more information about how we calculate Interest income – notes receivable – Rights to MSRs.
	Servicing Fees, Base Fees, Ancillary Income and Performance Based Incentive Fees
	Ocwen is the named servicer for the mortgage loans underlying the Rights to MSRs, and receives the servicing fees associated with the mortgage servicing rights; however, Ocwen pays these servicing fees to us under the terms of the Purchase Agreement and related sale supplements specific to each asset purchase. We pay Ocwen a monthly base fee equal to 12% of the servicing fees collected each month. The monthly base fee payable to Ocwen varies from month to month based on the level of collections of principal and interest for the mortgage loans serviced. Ocwen also receives a performance based incentive fee to the extent the Servicing fee revenue that it collects for any given month exceeds the sum of the monthly base fee and the retained fee.
	The amount, as expressed in terms of basis points of the average UPB of the mortgage loans serviced, used to calculate the retained fee is a contractually agreed upon amount. If we do not receive an amount equal to the retained fee in any given month, as expressed in terms of basis points of the average UPB of the mortgage loans serviced, this creates a shortfall in our targeted gross servicing margin. Should this occur, Ocwen will not earn a performance based incentive fee for any month that there is such a shortfall, or in any subsequent month, until we have recovered such shortfall from amounts that would otherwise be available to pay future performance based incentive fees to Ocwen.
	As determined by the terms of the Sale Supplement with respect to each mortgage servicing right, the performance based incentive fee payable in any month will be reduced by an amount equal to one month LIBOR + 275 bps per annum of the amount of any such excess servicing advances if the advance ratio exceeds a predetermined level for that month.
	Derivative Financial Instruments
	We are party to interest rate swap agreements that we recognize on our Consolidated Balance Sheet at fair value within other assets and other liabilities. On the date we entered into our interest rate swap agreements, we designated and documented them as hedges of the variable cash flows payable for floating rate interest expense on our borrowings (cash flow hedge). To qualify for hedge accounting, a derivative must be highly effective at reducing the risk associated with the hedged exposure. In addition, the documentation must include the risk management objective and strategy. We assess and document quarterly the derivatives’ effectiveness and expected effectiveness in offsetting the changes in the fair value or the cash flows of the hedged items. To assess effectiveness, we use statistical methods, such as regression analysis, as well as nonstatistical methods including dollar-offset analysis. For a cash flow hedge, to the extent that it is effective, we record changes in the estimated fair value of the derivative in accumulated other comprehensive income (“AOCI”.) We subsequently reclassify these changes in estimated fair value to Net income in the same period, or periods, that the hedged transaction affects earnings and in the same financial statement category as the hedged item.
	If a derivative instrument in a cash flow hedge is terminated or the hedge designation is removed, we reclassify related amounts in AOCI into earnings in the same period or periods during which the cash flows that were hedged affect earnings. In a period where we determine that it is probable that a hedged forecasted transaction will not occur, such as variable-rate interest payments on debt that has been repaid in advance, any related amounts in AOCI are reclassified into earnings in that period.
	We do not apply offsetting as part of our accounting for derivative assets and liabilities and the related collateral amounts.
	See Notes 3 and 9 for additional information regarding our interest rate swap agreements.
	Match Funded Liabilities
	Substantially all of our outstanding Match funded advances are pledged to advance financing facilities. Match funded liabilities are a form of non-recourse debt that are collateralized by our Match funded advances. Our Match funded liability balance is driven primarily by the level of servicing advances and the advance borrowing rate which is defined as the collateral value of servicing advances divided by total servicing advances. The advance borrowing rates which are different for each type of six advance types were set at levels that enabled each class of notes issued pursuant to the advance financing facilities to meet rating agency criteria. In addition, we are able to pledge deferred servicing fees as collateral for our Match funded liabilities.
	Under the terms of the related indenture, the SPEs created in connection with the Advance Facilities are subject to various qualitative and quantitative covenants. We believe that we are currently in compliance with the following covenants:
		•		Restrictions on future investments and indebtedness;
		•		Restrictions on sale or assignment of Match funded advances; and
		•		Monitoring and reporting of various specified transactions or events, including specific reporting on defined events affecting collateral underlying the indenture.
	See Note 6 for additional information regarding our Match funded liabilities.
	Other Borrowings
	On June 27, 2013, we entered into a senior secured term loan facility. The senior term loan facility was issued at a discount to par, and this original issue discount is being accreted into Interest expense over the life of the facility. See Note 7 for additional information regarding our Other borrowings.
	Interest Income – Other
	Interest income – Other consists of interest we earn on our operating bank accounts and the custodial account balances related to the mortgage loans serviced which are not included in our Consolidated Balance Sheets. When we acquire Notes receivable – Rights to MSRs, we also acquire the right to earn interest income on all custodial account balances associated with the related PSAs.
	Related Party Revenue
	Related party revenue consists of amounts due to us from Ocwen under the terms of the Ocwen Professional Services Agreement. Under the Ocwen Professional Services Agreement, we receive revenue for providing certain services to Ocwen which includes valuation and analysis of mortgage servicing rights, capital markets activities, advance financing management, treasury management, legal services and other similar services. We recognize revenue under the Ocwen Professional Services Agreement based on actual costs incurred plus an additional markup of 15%. See Note 14 for more information regarding our related party transactions.
	Operating Expenses
	Our operating expenses consist largely of Compensation and benefits for our employees. In addition, we incur General and administrative expenses for facilities, technology, communication and other expenses typical of public companies, including audit, legal and other professional fees.
	Related Party Expenses
	Related party expenses consist of administrative services pursuant to the Altisource Administrative Services Agreement and the services provided by Ocwen to us under the Ocwen Professional Services Agreement. See Note 14 for more information regarding our related party transactions.
	Interest Expense
	We primarily finance servicing advances with Match funded liabilities that accrue interest. Interest expense also includes interest incurred on our Other borrowings, amortization of debt issuance costs and net interest payable on our interest rate swaps.
Interest expense is sensitive to the Match funded advance balance which is driven primarily by the delinquency rates and amount of UPB serviced. The speed at which delinquent loans are resolved affects our Interest expense. For example, slower resolution of delinquencies will result in higher servicing advance balances and higher Interest expense. In order to mitigate the Interest expense impact of higher servicing advance balances, we reduce the performance based servicing fee payable to Ocwen in any month in which the advance ratio exceeds a predetermined level for that month. Periodic issuances of fixed rate term notes also protect us from the risk of rising interest rates. We earn Interest income at market interest rates on the custodial account balances related to the mortgage loans serviced which are not included in our Consolidated Balance Sheets. Lastly, we use interest rate swaps to hedge a portion of our variable interest rate exposure. See Notes 3 and 9 for additional information regarding our interest rate swap agreements.
Income Taxes
We were incorporated as an exempted company in the Cayman Islands which currently does not levy income taxes on individuals or companies. We expect to be treated as a PFIC under U.S. federal income tax laws with respect to our investing activities. With the exception of our U.S. subsidiaries, we do not expect to be treated as engaged in a trade or business in the U.S. and thus do not expect to be subject to U.S. federal income taxation on the majority of our earnings.
We account for income taxes using the asset and liability method which requires the recognition of Deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. See Note 12 for more information regarding our Income taxes.
Basic and Diluted Earnings Per Share
We calculate basic earnings per share by dividing Net income or loss by the weighted average number of ordinary shares outstanding for the year. We calculate diluted earnings per share based upon the weighted average number of ordinary shares outstanding and all dilutive potential ordinary shares outstanding during the year. For the years ended December 31, 2013, 2012 and 2011, there were no ordinary share equivalents or other securities that could potentially dilute basic earnings per share.
Dividends
When our Board of Directors declares cash dividends, we record a payable and charge Retained earnings for the total amount of the dividends declared. If we lack sufficient Retained earnings to pay the full amount of dividends declared we charge the excess amount to Additional paid-in capital.
Recent Accounting Pronouncements
Accounting Standards Update (“ASU”) ASU 2012-04. This ASU makes technical corrections and improvements to a variety of topics in the Codification. The changes include source literature amendments, guidance clarification, reference corrections and relocated guidance. The ASU also includes conforming amendments to the Codification to reflect ASC 820’s fair value measurement and disclosure requirements. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
ASU 2013-01. This ASU limits the scope of the new balance sheet offsetting disclosure requirements to derivatives (including bifurcated embedded derivatives), repurchase agreements and reverse repurchase agreements, and securities borrowing and lending transactions. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
ASU 2013-02. This ASU enhances the reporting of reclassifications out of AOCI. The ASU sets requirements for presentation for significant items reclassified to Net income in their entirety during the period and for items not reclassified to Net income in their entirety during the period. It requires companies to present information about reclassifications out of AOCI in one place. It also requires companies to present reclassifications by component when reporting changes in AOCI balances. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
ASU 2013-10. This ASU permits the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, as an alternative to interest rates on direct Treasury obligations of the U.S. government or LIBOR. This standard is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. Our adoption of this standard effective July 17, 2013 did not have a material impact on our Consolidated Financial Statements.
ASU 2013-11. This ASU provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss (“NOL”) carryforward, a similar tax loss or a tax credit exists. Previously, there was diversity in practice, and this ASU is expected to eliminate that diversity in practice. The amendments in this update are effective for fiscal years and interim periods within those periods beginning after December 15, 2013. We do not expect that the adoption of this standard on January 1, 2014 will have a material impact on our Consolidated Financial Statements.

Assets_Acquired_and_Liabilitie

Assets Acquired and Liabilities Assumed	12 Months Ended
	Dec. 31, 2013
Assets Acquired and Liabilities Assumed	'
	2. ASSETS ACQUIRED AND LIABILITIES ASSUMED
	During the year ended December 31, 2013, we made asset purchases from Ocwen on March 13, 2013 (“Flow 3”), May 21, 2013 (“Flow 4”), July 1, 2013 (“Follow On 3”) and October 25, 2013 (“Flow 5”) of Rights to MSRs for mortgage loans with approximately $15.9 billion, $10.6 billion, $83.3 billion and $9.9 billion respectively, of UPB together with the related servicing advances.
	The following table summarizes the purchase price of the assets we acquired from Ocwen during the year ended December 31, 2013 and reconciles the cash used to acquire such assets:
	Notes receivable – Rights to MSRs		$	417,167
	Match funded advances (1)			3,839,954
	Purchase price			4,257,121
	Cash paid to settle previous post-close adjustments			1,410
	Total cash used		$	4,258,531
	Sources:
	Cash on-hand		$	807,268
	Match funded liabilities		$	3,451,263
	-1	The cash used to purchase these assets are shown within the “Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable – Rights to MSRs” of the Consolidated Statement of Cash Flows.
	Below is a summary of the purchases we made from Ocwen during the year ended December 31, 2012:
	On March 5, 2012, we used a portion of the net proceeds from our IPO to complete the Initial Acquisition:
		•		The contractual right to receive the servicing fees related to mortgage servicing rights with respect to 116 PSAs with UPB of approximately $15.2 billion;
		•		The outstanding servicing advances associated with the related PSAs; and
		•		Other assets related to the foregoing (collectively, the forgoing represent the Initial Acquisition).
	We completed the Initial Acquisition pursuant to the Purchase Agreement and a related sale supplement, each dated February 10, 2012. We also assumed a related match funded servicing advance financing facility from Ocwen effective upon the closing of the Initial Acquisition. The purchase price for the Rights to MSRs was based on the value of such assets at the time HLSS entered into the Purchase Agreement and the estimated outstanding UPB of the underlying mortgage loans at closing. The purchase price for the associated servicing advances and other assets was equal to the net consolidated book value which approximated fair value, as of the purchase date of all assets and liabilities of the special purpose entities established in connection with the advance financing facility that owns these servicing advances. On March 31, 2012, HLSS and Ocwen agreed to a final purchase price of $138,792.
	We made five additional asset purchases from Ocwen on May 1st, August 1st, September 13th, September 28th and December 26th, 2012 of Rights to MSRs for mortgage loans with approximately $67.5 billion of UPB together with the related servicing advances. These five asset purchases were all completed pursuant to the Purchase Agreement and sale supplement specific to each asset purchase and only included the purchase of Rights to MSRs and servicing advances. No other assets were acquired, nor were any liabilities assumed from Ocwen.
	The following table summarizes the purchase price of the assets we acquired and liabilities we assumed from Ocwen during 2012 and reconciles the cash used to acquire such assets and assume such liabilities:
			Initial			Subsequent			Total
			Purchase			Purchases
	Notes receivable – Rights to MSRs		$	62,458		$	254,164		$	316,622
	Match funded advances (1)			—			2,827,227			2,827,227
	Purchase of Advance SPE:
	Match funded advances (1)			413,374			—			413,374
	Other assets (1)			22,136			—			22,136
	Match funded liabilities (1)			(358,335	)		—			(358,335	)
	Other liabilities (1)			(841	)		—			(841	)
	Net assets of Advance SPE			76,334			—			76,334
	Purchase price, as adjusted			138,792			3,081,391			3,220,183
	Amount due to Ocwen for post-closing adjustments			—			(1,410	)		(1,410	)
	Total cash used		$	138,792		$	3,079,981		$	3,218,773
	Sources:
	Cash on-hand		$	138,792		$	685,654		$	824,446
	Match funded liabilities		$	—		$	2,394,327		$	2,394,327
	-1	The cash used to purchase these assets and assume these liabilities are shown net within the “Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable – Rights to MSRs” of the Consolidated Statement of Cash Flows.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2013
Fair Value of Financial Instruments	'
	3. FAIR VALUE OF FINANCIAL INSTRUMENTS
	We estimate fair value based on a hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy prioritizes the inputs to valuation techniques into three broad levels and gives the highest priority to Level 1 inputs and the lowest to Level 3 inputs.
	The three broad categories are:
		•		Level 1: Quoted prices in active markets for identical assets or liabilities;
		•		Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and
		•		Level 3: Unobservable inputs for the asset or liability.
	Where available, we utilize quoted market prices or observable inputs rather than unobservable inputs to determine fair value. We classify assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement.
	We describe the methodologies that we used and key assumptions that we made to assess the fair value of our financial instruments in more detail below:
	Notes Receivable – Rights to MSRs
	We established the value of the Notes receivable – Rights to MSRs based on an appraisal prepared with the assistance of an independent valuation firm. This appraisal is prepared on a quarterly basis. Significant inputs into the valuation include the following:
		•		Discount rates reflecting the risk of earning the future income streams from the Notes receivable – Rights to MSRs ranging from 15% to 22%;
		•		Interest rate used for calculating the cost of servicing advances of 1-Month LIBOR + 3.75%;
		•		Mortgage loan prepayment projections ranging from 12% to 28% of the related mortgage lifetime projected prepayment rate; and
		•		Delinquency rate projections ranging from 15% to 35% of the aggregate UPB of the underlying mortgage loans.
	The independent valuation firm reviewed the collateral attributes and the historical payment performance of the underlying mortgage servicing portfolio and compared them with similar mortgage servicing portfolios and with standard industry mortgage performance benchmarks to arrive at the assumptions set forth above. The selected collateral attributes and performance comparisons utilized were the voluntary prepayment performance, delinquency and foreclosure performance, operational cost comparison, average loan balance, weighted average coupon and note rate distribution, loan product type classification, geographic distribution and servicing advance behavior.
	The unobservable inputs that have the most significant effect on the fair value of Notes receivable – Rights to MSRs are the mortgage loan prepayment rate projections and delinquency rate projections; however, any significant increase (decrease) in discount rates, interest rates, mortgage loan prepayment projections or delinquency rate projections, each in isolation, would result in a substantially lower (higher) valuation.
	Derivative Financial Instruments
	Our derivatives are not exchange-traded, and therefore quoted market prices or other observable inputs are not available. The fair value of our interest rate swap agreements are based on certain information provided by third-party pricing sources. Third-party valuations are derived from proprietary models based on inputs that include yield curves and contractual terms such as fixed interest rates and payment dates. We have not adjusted the information obtained from the third-party pricing sources; however, we review this information to ensure that it provides a reasonable basis for estimating fair value. Our review is designed to identify information that appears stale, information that has changed significantly from the prior period, and other indicators that the information may not be accurate. We determined that potential credit and counterparty risks had an immaterial impact on the valuation of our derivatives. See Notes 1 and 9 for additional information on our derivative financial instruments.
	The following tables present assets and liabilities measured at fair value on a recurring basis categorized by input level within the fair value hierarchy:
			Fair value				Level 1				Level 2				Level 3
	At December 31, 2013:
	Measured at fair value on a recurring basis:
	Assets:
	Notes receivable – Rights to MSRs		$	651,060			$	—			$	—			$	651,060
	Derivative financial instruments			3,835				—				—				3,835
	Total assets		$	654,895			$	—			$	—			$	654,895
	Liabilities:
	Derivative financial instruments		$	529			$	—			$	—			$	529
	Total liabilities		$	529			$	—			$	—			$	529
			Fair value				Level 1				Level 2				Level 3
	At December 31, 2012:
	Measured at fair value on a recurring basis:
	Assets:
	Notes receivable – Rights to MSRs		$	303,705			$	—			$	—			$	303,705
	Total assets		$	303,705			$	—			$	—			$	303,705
	Liabilities:
	Derivative financial instruments		$	1,076			$	—			$	—			$	1,076
	Total liabilities		$	1,076			$	—			$	—			$	1,076
	The following table presents reconciliations of the changes in fair value of our Level 3 assets and liabilities which we measure at fair value on a recurring basis:
			2013								2012
	For the years ended December 31,		Notes				Derivative				Notes				Derivative
			receivable –				Financial				receivable –				Financial
			Rights to				Instruments				Rights to				Instruments
			MSRs								MSRs
	Beginning balance		$	303,705			$	(1,076	)		$	—			$	—
	Purchases and reductions:
	Purchases			417,167				—				316,622				—
	Reductions			(69,812	)			—				(12,917	)			—
				347,355				—				303,705				—
	Changes in fair value :
	Included in net income			—				—				—				—
	Included in other comprehensive income(loss) (1)			—				4,382				—				(1,076	)
				—				4,382				—				(1,076	)
	Transfers in or out of Level 3			—				—				—				—
	Ending balance		$	651,060			$	3,306			$	303,705			$	(1,076	)
	-1	These pre-tax gains (losses) are attributable to derivatives still held at December 31, 2013 and 2012.
	The following tables show the effect on the fair value of the Notes receivable – Rights to MSRs assuming adverse changes to certain key assumptions used in valuing these assets at December 31, 2013 and 2012:
			Discount Rates				Prepayment Speeds				Delinquency Rates
			100 bps adverse change				10% adverse change				10% adverse change
	December 31, 2013
	Notes receivable – Rights to MSRs		$	(13,343	)		$	(23,152	)		$	(74,539	)
			Discount Rates				Prepayment Speeds				Delinquency Rates
			100 bps adverse change				10% adverse change				10% adverse change
December 31, 2012
Notes receivable – Rights to MSRs		$	(11,786	)		$	(15,470	)		$	(45,540	)
This sensitivity analysis above assumes a change is made to one key input, while holding all other inputs constant. As many of these inputs are correlated, a change in one input will likely impact other inputs which would ultimately impact the overall valuation.
The following tables provide more quantitative information on our significant inputs used for valuing our Note Receivable – Rights to MSRs at December 31, 2013 and 2012:
At December 31, 2013:
Asset		Unobservable Input		Low				High				Weighted
												Average
Notes receivable – Rights to MSRs		Discount Rates			15	%			22	%			20	%
		Prepayment Speeds			12	%			28	%			19	%
		Delinquency Rates			15	%			35	%			25	%
At December 31, 2012:
Asset		Unobservable Input		Low				High				Weighted
												Average
Notes receivable – Rights to MSRs		Discount Rates			15	%			22	%			20	%
		Prepayment Speeds			12	%			27	%			19	%
		Delinquency Rates			15	%			35	%			29	%
Presented below are the December 31, 2013 and 2012 carrying values and fair value estimates of financial instruments not carried at fair value:
		December 31,				December 31,				December 31,				December 31,
		2013				2013				2012				2012
		Carrying Value				Fair Value				Carrying Value				Fair Value
Financial assets:
Match funded advances		$	6,387,781			$	6,387,781			$	3,098,198			$	3,098,198
Total financial assets		$	6,387,781			$	6,387,781			$	3,098,198			$	3,098,198
Financial liabilities:
Match funded liabilities		$	5,715,622			$	5,700,934			$	2,690,821			$	2,697,840
Other borrowings			343,386				346,391				—				—
Total financial liabilities		$	6,059,008			$	6,047,325			$	2,690,821			$	2,697,840
Match Funded Advances
The carrying value of our Match funded advances approximates fair value. This is because our Match funded advances have no stated maturity, generally are realized within a relatively short period of time and do not bear interest. The fair value measurements for Match funded advances are categorized as Level 3.
Match Funded Liabilities
Match funded liabilities include variable and fixed rate liabilities. The fair value estimate of the Company’s fixed rate liabilities was determined by using broker quotes. We concluded that no adjustments were required to the quoted prices. All other Match funded liabilities are short term in nature and the carrying value generally approximates the fair value. The fair value measurements for Match funded liabilities are categorized as Level 3.
Other Borrowings
Other borrowings include our senior secured term loan facility. The fair value estimate of the Company’s senior secured term loan facility was determined by using broker quotes. We concluded that no adjustments were required to the quoted price. The fair value measurements for Other borrowings are categorized as Level 3.

Match_Funded_Advances

Match Funded Advances	12 Months Ended
	Dec. 31, 2013
Match Funded Advances	'
	4. MATCH FUNDED ADVANCES
	Match funded advances on residential loans we service for others, as more fully described in Note 1 – Principles of Consolidation are comprised of the following at the dates indicated:
		December 31,		December 31,
		2013		2012
	Principal and interest advances	$	2,632,092	$	1,231,471
	Taxes and insurance advances		2,723,390		1,399,813
	Corporate advances		1,032,299		466,914
		$	6,387,781	$	3,098,198

Other_Assets

Other Assets	12 Months Ended
	Dec. 31, 2013
Other Assets	'
	5. OTHER ASSETS
	Other assets consisted of the following at the dates indicated:
			December 31,		December 31,
			2013		2012
	Debt service accounts (1)		$	103,910	$	67,776
	Debt issuance costs (2)			21,165		9,278
	Interest-earning collateral deposits (3)			1,075		1,904
	Derivative financial instruments (4)			3,835		—
	Other			168		133
			$	130,153	$	79,091
	-1	Under our advance financing facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. We do not use the collected funds to reduce the related Match funded liabilities until the payment dates specified in the indenture. The balance also includes amounts that we set aside to provide for possible shortfalls in the funds available to pay certain expenses and interest.
	-2	Costs relate to Match funded liabilities and Other borrowings. We amortize these costs to the earlier of the scheduled amortization date, contractual maturity date or prepayment date of the debt.
	-3	Represents cash collateral held by our counterparty as part of our interest rate swap agreements.
	-4	See Notes 1, 3 and 9 for more information regarding our use of derivatives.

Match_Funded_Liabilities

Match Funded Liabilities	12 Months Ended
	Dec. 31, 2013
Match Funded Liabilities	'
	6. MATCH FUNDED LIABILITIES
	Match funded liabilities, as more fully described in Note 1 – Principles of Consolidation are comprised of the following at the dates indicated:
									Balance Outstanding
	Borrowing Type (1)		Interest Rate (2)		Maturity (3)	Amortization	Unused		December 31,		December 31,
						Date (3)	Borrowing		2013 (6-10)		2012
							Capacity (4)
	Series 2012 T1 Term Notes		134 – 396 bps		Oct. 2043	Oct. 2013	$	—	$	—	$	250,000
	Series 2012 T2 Term Notes		199 – 494 bps		Oct. 2045	Oct. 2015		—		450,000		450,000
	Series 2013 T1 Term Notes		90   – 249 bps		Jan. 2044	Jan. 2014		—		650,000		—
	Series 2013 T1 Term Notes		150 – 323 bps		Jan. 2046	Jan. 2016		—		350,000		—
	Series 2013 T1 Term Notes		229 – 446 bps		Jan. 2048	Jan. 2018		—		150,000		—
	Series 2013 T2 Term Notes		115 – 239 bps		May 2044	May-15		—		375,000		—
	Series 2013 T3 Term Notes		179 – 313 bps		May-46	May-17		—		475,000		—
	Series 2013 T4 Term Notes		118 – 232 bps		Aug-44	Aug-14		—		200,000		—
	Series 2013 T5 Term Notes		198 – 331 bps		Aug-46	Aug-16		—		200,000		—
	Series 2013 T6 Term Notes		129 – 223 bps		Sep-44	Sep-14		—		350,000		—
	Series 2013 T7 Term Notes		198 – 302 bps		Nov-46	Nov-16		—		300,000		—
	Series 2012 VF 1 Notes (5)		1-Month LIBOR + 110 – 340 bps		Aug. 2044	Aug. 2014		230,950		469,050		339,465
	Series 2012 VF 2 Notes (5)		1-Month LIBOR + 110 – 340 bps		Aug. 2044	Aug. 2014		230,950		469,050		678,928
	Series 2012 VF 3 Notes (5)		1-Month LIBOR + 110 – 340 bps		Aug. 2044	Aug. 2014		230,950		469,050		678,928
	Series 2013 VF 1 Notes (11)		1-Month LIBOR + 195 – 290 bps		Feb. 2044	Feb. 2014		35,028		514,972		—
	Class A Term Money Market Fund Note (12)		1-Month LIBOR + 20 bps		Sep. 2014	Jan. 2014		—		265,000		183,462
	Class A Draw Money Market Fund Note (12)		1-Month LIBOR + 110 bps		Sep. 2044	Sep. 2014		—		—		81,538
	Class B Term Money Market Fund Note		275 bps		Sep. 2044	Sep. 2014		—		28,500		28,500
							$	727,878	$	5,715,622	$	2,690,821
	-1	Each term note and variable funding note issuance has four classes, an A, B, C, and D class.
	-2	The weighted average interest rate at December 31, 2013 was 1.64%. We pay interest monthly.
	-3	The maturity date is the due date for all outstanding balances. The amortization date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. If an advance facility note is not refinanced on the amortization date, all collections that represent the repayment of advances pledged to the facilities must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed. To the extent that we have sufficient unused borrowing capacity on our Variable Funding Notes, we can use such excess capacity to finance additional Match funded advances rather than extending or refinancing a term note that has reached the amortization date.
	-4	Our unused borrowing capacity is available to us if we have additional eligible collateral to pledge and meet other borrowing conditions. We pay a 0.50% or 0.75% fee on the unused borrowing capacity which varies by facility.
	-5	These Variable Funding Notes were amended during August 2013 to extend the amortization date and maturity date by a year and resulted in new interest rate spreads compared to December 31, 2012. Variable Funding Note balances fluctuate based on Match funded advance activity and our ability to issue fixed rate term notes.
	-6	On January 22, 2013, we completed the issuance of $650,000 of one-year, $350,000 of three-year and $150,000 of five-year term notes.
	-7	On May 21, 2013, we completed the issuance of $375,000 of two-year and $475,000 of four-year term notes.
	-8	On August 8, 2013, we completed the issuance of $200,000 of one-year and $200,000 of three-year term notes.
	-9	On September 18, 2013, we completed the issuance of a $350,000 one-year term note.
	-10	On November 26, 2013, we completed the issuance of a $300,000 three-year term note.
	-11	On July 1, 2013, we issued a new Variable Funding Note series as part of the Follow On 3 acquisition.
	-12	The Class A Term Money Market Fund Note and Class A Draw Money Market Fund Note have a combined maximum borrowing capacity of $265,000. By design, the Class A Term Money Market Fund Note balance is reduced at scheduled times and there is an equally offsetting increase to the Class A Draw Money Market Fund Note. The combined balance of these notes was equal to $265,000 at December 31, 2013 and 2012. On September 26, 2013, we placed a new Money Market Fund Note at a reduced interest rate and amended the related Money Market Fund Draw Note to reduce the interest rate. The amortization date for the Class A Term Money Market Fund Note represents the commencement date for scheduled repayments.
	As of December 31, 2013, we had $727,878 of unused borrowing capacity. Our ability to continue to pledge collateral under our advance facilities depends on the performance of the collateral. Currently, the large majority of our collateral qualifies for financing. The debt covenants for our advance facilities require that we maintain minimum levels of liquid assets. Failure to comply with these covenants could result in restrictions on new borrowings or the early termination of our advance facilities.
	We were in compliance with all our debt covenants as of December 31, 2013.
	Analysis of Borrowing by Expected Maturity (1):
	Year of Expected Maturity Date		As of December 31, 2013
	2014		$	3,415,622
	2015			825,000
	2016			850,000
	2017			475,000
	2018			150,000
	Total		$	5,715,622
	-1	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.

Other_Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2013
Other Borrowings	'
	7. OTHER BORROWINGS
			December 31,
			2013		December 31,
					2012
	Senior secured term loan facility (1)		$	343,386	$	—
			$	343,386	$	—
	-1	On June 27, 2013, we entered into a $350,000 senior secured term loan facility. The senior secured term loan facility has an expected maturity date of June 27, 2020 and an interest rate of 3.50% plus one month LIBOR, with a 1.00% LIBOR floor. As of December 31, 2013, the interest rate on our senior secured term loan facility was 4.50%. The senior secured term loan was issued at a discount to par and had a carrying value of $343,386 at December 31, 2013 which reflects an original issue discount of $5,250 that is being accreted into interest expense over the life of the borrowing.
	The debt covenants for our senior secured term facility place restrictions on other unsecured indebtedness, a minimum debt to tangible equity ratio of less than 6 to 1, minimum borrowing base coverage ratio of 1.5 to 1 and the delivery of certified financial reports to our lender. Should we be deemed to be in default under the provisions of our senior secured term loan facility, the unpaid principal amount of and accrued interest on the senior secured term loan facility would immediately become due.
	We were in compliance with all our debt covenants as of December 31, 2013.
	Analysis of Borrowing by Maturity:
	Year of Payment Date		As of December 31, 2013
	2014		$	3,500
	2015			3,500
	2016			3,500
	2017			3,500
	2018 and thereafter			334,250
	Total		$	348,250

Ordinary_Shares

Ordinary Shares	12 Months Ended
	Dec. 31, 2013
Ordinary Shares	'
	8. ORDINARY SHARES
	Increases in the number of ordinary shares issued during the years ended December 31, 2013, 2012 and 2011 are represented in the table below:
		2013		2012		2011
	Ordinary shares issued – beginning balance		55,884,718		20,000		20,000
	Issuance of new ordinary shares		15,132,053		55,864,718		—
	Ordinary shares issued – ending balance		71,016,771		55,884,718		20,000
	On March 5, 2012, we closed the IPO resulting in the issuance of 13,333,333 of our ordinary shares. The total gross proceeds from the offering to HLSS were $186,667. After deducting underwriting discounts and commissions and offering expenses paid by HLSS, the aggregate net proceeds we received totaled $170,486.
	On March 5, 2012, simultaneously with the IPO, William C. Erbey, the founder of our company and the Chairman of the Board of Directors, purchased 714,285 of our ordinary shares in a private placement. The total proceeds from the private placement to HLSS were $10,000. We did not incur underwriting discounts or commissions in respect of these shares.
	On April 2, 2012, we issued 129,600 additional ordinary shares to the underwriters in connection with the exercise of their over-allotment option under the IPO. The total gross proceeds from the issuance of these additional shares to HLSS were $1,814. After deducting underwriting discounts, commissions and expenses paid by HLSS, the aggregate net proceeds we received were $1,577.
	On September 12, 2012, we issued 16,387,500 of our ordinary shares, 2,137,500 of which were pursuant to the exercise by the underwriters of their over-allotment option. The total gross proceeds from the issuance of these additional shares to HLSS were $249,909. After deducting underwriting discounts, commissions and expenses paid by HLSS, the aggregate net proceeds we received were $236,034. On December 24, 2012, we issued 25,300,000 of our ordinary shares. In addition, the underwriters had an over-allotment option for the purchase of 3,795,000 of our ordinary shares, a portion of which were exercised in 2013. The total gross proceeds from the issuance of these shares to HLSS were $480,700. After deducting underwriting discounts, commissions and expenses paid by HLSS, the aggregate net proceeds we received were $462,261.
	On January 22, 2013, the underwriters exercised a portion of their over-allotment option from our December 24, 2012 offering of ordinary shares in the amount of 970,578 ordinary shares. We received net proceeds of $17,633 from the over-allotment exercise.
	On June 26, 2013, we issued 13,000,000 of our ordinary shares, and an additional 1,161,475 of ordinary shares were issued in connection with the exercise of the underwriters’ over-allotment option. The total gross proceeds from the issuance of these additional shares to HLSS were $325,714. After deducting underwriting discounts, commissions and expenses payable by HLSS, the aggregate net proceeds we received were $315,918.

Derivative_Financial_Instrumen

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2013
Derivative Financial Instruments	'
	9. DERIVATIVE FINANCIAL INSTRUMENTS
	We are party to interest rate swap agreements that we recognize on our Consolidated Balance Sheets at fair value within Other assets and Other liabilities. On the date we entered into the interest rate swap agreements, we designated and documented them as hedges of the variable cash flows payable for variable rate interest expense on our borrowings (cash flow hedge). To qualify for hedge accounting, a derivative must be highly effective at reducing the risk associated with the hedged exposure. In addition, the documentation must include the risk management objective and strategy. On a quarterly basis we assess and document the derivatives’ effectiveness and expected effectiveness in offsetting the changes in the fair value or the cash flows of the hedged items. To assess effectiveness, we use statistical methods, such as regression analysis, as well as nonstatistical methods including dollar-offset analysis. For a cash flow hedge, to the extent that it is effective, we record changes in the estimated fair value of the derivative in other comprehensive income. We subsequently reclassify these changes in estimated fair value to Net income in the same period or periods that the hedged transaction affects earnings and in the same financial statement category as the hedged item.
	If a derivative instrument in a cash flow hedge is terminated or the hedge designation is removed, we reclassify related amounts in AOCI into earnings in the same period or periods during which the cash flows that were hedged affect earnings. In a period where we determine that it is probable that a hedged forecasted transaction will not occur, such as variable-rate interest payments on debt that has been repaid in advance, any related amounts in AOCI are reclassified into earnings in that period.
	Because our current derivative agreements are not exchange-traded, we are exposed to credit loss in the event of nonperformance by the counterparty to the agreement. We control this risk through counterparty credit monitoring procedures including financial analysis, dollar limits and other monitoring procedures. The notional amounts of our contracts do not represent our exposure to credit loss. See Notes 1 and 3 for additional information regarding our use of derivatives.
	Interest Rate Management
	We executed a hedging strategy aimed at mitigating the impact of changes in variable interest rates on the excess of interest rate sensitive liabilities over interest rate sensitive assets. We entered into interest rate swaps to hedge against the effects of a change in 1-Month LIBOR. The following tables provide information about our interest rate swaps at December 31, 2013 and 2012:
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (2),(3):
	Hedge the effects of changes in 1-Month LIBOR		September		September	August			0.5188	%		1-Month	Other	$	177,056	$	1,084
			2012		2012							LIBOR	Assets
						2017
	Hedge the effects of changes in 1-Month LIBOR		January		January	December			1.3975	%		1-Month	Other		338,009		2,751
			2013		2016							LIBOR	Assets
						2017
	Total asset derivatives designated as hedges as of December 31, 2013														515,065		3,835
	Total asset derivatives as of December 31, 2013													$	515,065	$	3,835
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (2),(3):
	Hedge the effects of changes in 1-Month LIBOR		March		March	March			0.6325	%		1-Month	Other	$	102,522	$	364
			2012			2016						LIBOR	Liabilities
					2012
	Hedge the effects of changes in 1-Month LIBOR		May		May	May			0.607	%		1-Month	Other		28,565		25
												LIBOR	Liabilities
			2012		2012	2016
	Hedge the effects of changes in 1-Month LIBOR		January		January	July			0.3375	%		1-Month	Other		307,043		140
			2013		2014							LIBOR	Liabilities
						2014
	Total liability derivatives designated as hedges as of December 31, 2013														438,130		529
	Total liability derivatives as of December 31, 2013													$	438,130	$	529
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (3):
	Hedge the effects of changes in 1-Month LIBOR		March		March	March			0.6325	%		1-Month	Other	$	147,351	$	759
			2012			2016						LIBOR	Liabilities
					2012
	Hedge the effects of changes in 1-Month LIBOR		May		May	May			0.607	%		1-Month	Other		44,221		174
												LIBOR	Liabilities
			2012		2012	2016
	Hedge the effects of changes in 1-Month LIBOR		September		September	August			0.5188	%		1-Month	Other		223,059		143
			2012		2012							LIBOR	Liabilities
						2017
	Total liability derivatives designated as hedges as of December 31, 2012														414,631		1,076
	Total liability derivatives as of December 31, 2012													$	414,631	$	1,076
	-1	The effective date of the swap is the date from which monthly net settlements begin to be computed.
	-2	Projected net settlements for the next twelve months total approximately $1,118 of payments to our counterparties.
	-3	There was an unrealized pre-tax gain of $4,382 related to our interest rate swaps included in AOCI for the year ended December 31, 2013, and an unrealized pre-tax loss of $1,076 related to our interest rate swaps included in AOCI for the year ended December 31, 2012. Given the current and expected effectiveness of our hedging arrangements, we do not expect any reclassifications from AOCI into earnings associated with hedging ineffectiveness related to these hedging arrangements during the next twelve months.
	The following table summarizes the use of derivatives during the years ended December 31, 2013 and 2012:
			2013			2012
	Notional balance at beginning of period		$	414,631		$	—
	Additions			645,052			534,946
	Maturities			—			—
	Terminations			—			—
	Amortization			106,488			120,315
	Notional balance at end of period		$	953,195		$	414,631
	We recognize the right to reclaim cash collateral or the obligation to return cash collateral as part of our hedge agreements. At December 31, 2013, we have the right to reclaim cash collateral of $1,075 and are obligated to return cash collateral of $3,500 as part of our hedge agreements. At December 31, 2012 we had the right to reclaim cash collateral of $1,904 and were not obligated to return cash collateral as part of our hedge agreements.

Interest_Income

Interest Income	12 Months Ended
	Dec. 31, 2013
Interest Income	'
	10. INTEREST INCOME
	Interest income – Notes Receivable – Rights to MSRS
	Our primary source of revenue is the fees we are entitled to receive in connection with the servicing of mortgage loans. We account for these fees as Interest income.
	The following table shows how we calculated Interest income—notes receivable – Rights to MSRs for the years ended December 31:
		2013		2012		2011
	Servicing fees collected	$	633,377	$	117,789	$	—
	Subservicing fee payable to Ocwen		317,702		50,173		—
	Net servicing fees retained by HLSS		315,675		67,616		—
	Reduction in Notes receivable – Rights to MSRs		69,812		12,917		—
		$	245,863	$	54,699	$	—
	Interest income – Other
	Another source of revenue for us is the interest we earn on our operating bank accounts and the custodial account balances related to the mortgage loans serviced which are not included in our Consolidated Balance Sheets. The following table shows our Interest income – other in more detail for the years ended December 31:
		2013		2012		2011
	Custodial account interest	$	1,819	$	—	$	—
	Operating account interest		376		109		—
		$	2,195	$	109	$	—

Interest_Expense

Interest Expense	12 Months Ended
	Dec. 31, 2013
Interest Expense	'
	11. INTEREST EXPENSE
	The following table presents the components of Interest expense for the years ended December 31:
		2013		2012		2011
	Match funded liabilities	$	83,137	$	16,158	$	—
	Other borrowings		8,627		—		—
	Amortization of debt issuance costs		16,950		6,960		—
	Interest rate swaps		1,357		939		—
		$	110,071	$	24,057	$	—

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Taxes	'
	12. INCOME TAXES
	Income taxes have been provided for based upon the tax laws and rates in countries in which we conduct operations and earn related income. Our effective tax rate was 0.2% for the year ended December 31, 2013 (0.2%, for the year ended December 31, 2012 and 0% for the year ended December 31, 2011). We are a Cayman Islands exempted company, and the Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciation. Our U.S. subsidiaries are expected to be subject to U.S federal income taxation as corporations. The income of the U.S. branch operated by one of our Luxembourg subsidiaries is expected to be subject to Luxembourg tax.
	The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax laws and rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.
	The sources of income (loss) before income taxes for the years ended December 31, 2013, 2012 and 2011 were as follows:
			2013			2012			2011
	U.S. operations		$	4,057		$	(3,430	)	$	(1	)
	Non-U.S. operations			123,871			30,347			(272	)
	Total		$	127,928		$	26,917		$	(273	)
	The components of the income tax provision for the years ended December 31, 2013 and 2012 consisted of the following (we had no income tax provision or benefit for the year ended December 31, 2011):
	For the year ended December 31, 2013:
	Current:
	United States
	Federal		$	920
	State			193
	Non-U.S.			17
	Current income tax provision		$	1,130
	Deferred:
	United States
	Federal		$	(790	)
	State			(106	)
	Non-U.S.			—
	Deferred income tax (benefit)			(896	)
	Total income tax provision		$	234
	For the year ended December 31, 2012:
	Current:
	United States
	Federal		$	—
	State			46
	Non-U.S.			—
	Current income tax provision		$	46
	Deferred:
	United States
	Federal		$	—
	State			—
	Non-U.S.			—
	Deferred income tax provision			—
	Total income tax provision		$	46
	The significant components of the Company’s deferred tax assets and liabilities at December 31, 2013 consisted of the following (the Company only had fully allowed for deferred tax assets at December 31, 2012 and had no deferred tax assets or liabilities at December 31, 2011):
	At December 31, 2013:
	Deferred tax assets:
	NOL carryforwards		$	25
	Accruals			999
	Total deferred tax assets		$	1,024
	Valuation allowance			—
	Net deferred tax assets		$	1,024
	Deferred tax liabilities:
	Interest rate derivatives		$	1,139
	Debt issuance costs			127
	Total deferred tax liabilities		$	1,266
	At December 31, 2012:
	Deferred tax assets:
	NOL carryforwards		$	1,188
	Interest rate derivatives			408
	Debt issuance costs			84
	Accruals			75
	Total deferred tax assets		$	1,755
	Valuation allowance			(1,755	)
	Net deferred tax assets		$	—
	Below is a reconciliation of the changes in our valuation allowance during 2013 and 2012:
			2013			2012
	Beginning balance		$	1,755		$	—
	Additions			—			1,755
	Release of NOL carryforwards			(1,755	)		—
Ending balance		$	—		$	1,755
As of December 31, 2013 the Company has NOL carryforwards of $0 and $3,816, for both U.S. federal and state and local tax purposes. As of December 31, 2012 the Company had NOL carryforwards of $2,827 and $3,776, for both U.S. federal and state and local tax purposes (2011: $0 and $0). These carryforwards are available to offset future taxable income until they begin to expire in 2032 and 2022, respectively. The Company had no tax credit carryforwards for the years ended December 31, 2013, 2012, and 2011.
The Company conducts periodic evaluations of positive and negative evidence to determine whether it is more likely than not that some or all of the deferred tax assets will not be realized in future periods. Among the factors considered in this evaluation are estimates of future taxable income, future reversals of temporary differences, tax character and the impact of tax planning strategies that may be implemented, if warranted. As a result of these evaluations, the Company determined as of December 31, 2013 the valuation allowance of $1,755 recorded against its deferred tax assets was no longer needed and has released the valuation allowance.
Reconciliations of the statutory U.S. federal income tax rate to the Company’s effective income tax rate for the years ended December 31, 2013 and 2012 are as follows:
Year Ended December 31, 2013:
Statutory rate			34	%
State and local income taxes			0.1	%
Benefit of Non-U.S. operations(1)			(32.9	%)
Release of valuation allowance			(0.9	%)
Other			(0.1	%)
Effective tax rate per Consolidated Statements of Operations			0.2	%
Year Ended December 31, 2012:
Statutory rate			34	%
State and local income taxes			(0.5	%)
Benefit of Non-U.S. operations(1)			(38.3	%)
Valuation allowance			5	%
Effective tax rate per Consolidated Statements of Operations			0.2	%
-1	The majority of our earnings are at Home Loan Servicing Solutions, Ltd., a Cayman Islands entity, which is not engaged in a U.S. trade or business and therefore is not subject to U.S. federal income taxation.
No reconciliation is provided for the year ended December 31, 2011 because prior to its IPO the Company was a developmental stage enterprise and did not have any taxable earnings.
The Company recognizes the tax benefit from an uncertain tax position only if it is more likely that not that the tax position will be sustained on examination by the taxing authorities. As of December 31, 2013, the Company did not have any unrecognized tax benefits related to the current year or any previous year, nor has management identified any. Our policy is that we will recognize interest and penalties accrued on any unrecognized tax benefits as a component of Income tax expense. We did not accrue interest or penalties associated with any unrecognized tax benefits, nor were any interest expenses or penalties recognized during the current year or in previous years.
Our U.S. subsidiaries file annual income tax returns in the U.S. federal jurisdiction and various U.S. state jurisdictions. The Company and its subsidiaries remain subject to examination for all periods since inception. The Company asserts that as of December 31, 2013, the unremitted earnings of its non-Cayman Islands subsidiaries are permanently reinvested for purposes of ASC 740-30 and that the Company has the intent and ability to reinvest such earnings in each respective non-Cayman Islands jurisdiction. Determination of the amount of unrecognized deferred tax liability is not practicable because of the fact that there is a significant amount of uncertainty with respect to the tax impact of the remittance of any earnings due to the judgment required to analyze withholding tax and other indirect tax consequences that could arise from the distribution of foreign earnings.

Business_Segment_Reporting

Business Segment Reporting	12 Months Ended
	Dec. 31, 2013
Business Segment Reporting	'
	13. Business Segment Reporting
	Our business strategy focuses on acquiring Mortgage Servicing Assets. As of December 31, 2013, we operate a single reportable business segment that holds Rights to MSRs.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions	'
	14. Related Party Transactions
	During 2012, we entered into various agreements with Ocwen and Altisource in connection with the Initial Acquisition. William C. Erbey, our founder and the Chairman of our Board of Directors, is also the Chairman of the Board of Directors of Ocwen and Altisource.
	As the named servicer, Ocwen remains obligated to perform as servicer under the related PSAs, and we are required to pay Ocwen a monthly fee for the servicing activities it performs. We are also required to purchase any servicing advances that Ocwen is required to make pursuant to such PSAs.
	The following table summarizes our transactions with Ocwen under the Purchase Agreement for the years ended December 31, 2013 and 2012:
			2013		2012
	Servicing fees collected		$	633,377	$	117,789
	Subservicing fee payable to Ocwen			317,702		50,173
	Net servicing fees retained by HLSS			315,675		67,616
	Reduction in Notes receivable – Rights to MSRs			69,812		12,917
			$	245,863	$	54,699
	Servicing advances purchased from Ocwen in the ordinary course of business		$	8,781,034	$	1,303,955
	At December 31, 2013 and 2012, Ocwen owed us $8,482 and $4,966 for servicing fees collected but not remitted to us, and we owed Ocwen $8,114 and $890 for the subservicing fee earned by Ocwen but not yet remitted to them. In addition, we had outstanding receivables at December 31, 2013 and 2012, from Ocwen of $60,239 and $21,265 that relate to collections made by Ocwen on outstanding Match funded advances. Upon collection, Ocwen is contractually obligated to remit these collections to pay down our Match funded liabilities. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of the period indicated. The Notes receivable – Rights to MSRs are due from Ocwen as of December 31, 2013.
	Ocwen Professional Services Agreement
	At December 31, 2013 and 2012, Ocwen owed us $655 and $1,322 and we owed Ocwen $354 and $40 for professional services provided pursuant to the Ocwen Professional Services Agreement. During the years ended December 31, 2013 and 2012, we earned fees of $1,811 and $2,316 for services provided to Ocwen pursuant to the Professional Services Agreement. Additionally, during the years ended December 31, 2013 and 2012, we incurred fees of $555 and $100 for services received from Ocwen pursuant to the Ocwen Professional Services Agreement.
	Altisource Administrative Services Agreement
	During the years ended December 31, 2013 and 2012, we incurred fees of $845 and $655 for services provided to us pursuant to the Altisource Administrative Services Agreement.
	Receivables From and Payables to Related Parties
	The following table summarizes amounts receivable from and payable to related parties at the dates indicated:
			December 31,		December 31,
			2013		2012
	Servicing fees collected (1)		$	8,482	$	4,966
	Professional services (2)			655		1,322
	Advance collections (3)			60,239		21,265
	Other			673		718
	Receivables from Ocwen		$	70,049	$	28,271
	Subservicing fees payable (4)		$	8,114	$	890
	Professional services (2)			354		40
	Other (5)(6)			2,181		1,815
	Payables to Ocwen		$	10,649	$	2,745
	Payables to Altisource		$	83	$	129
	-1	Ocwen is required to remit to us servicing fees it collects on our behalf within two business days. The amount due from Ocwen at the dates indicated represents servicing fees collected but not remitted at the end of the month. We record servicing fee collections less the subservicing fee we pay to Ocwen as Interest income as shown in Note 10.
	-2	The respective amounts are for professional services provided to and provided by Ocwen.
	-3	Upon collection, Ocwen is contractually obligated to remit Match funded advance collections to pay down our Match funded liabilities. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of the dates indicated.
	-4	The base fee and performance fee, if any, that comprise the servicing fee expense are calculated and paid to Ocwen within three business days following the end of the month.
	-5	At December 31, 2013, we owed Ocwen for servicing advances made on our behalf of $1,867. We reimburse Ocwen for servicing advances on scheduled funding dates throughout each month of the year.
	-6	At December 31, 2012, we owed Ocwen $1,410 for certain purchase price adjustments pertaining to our December 26, 2012 asset purchase from Ocwen.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies	'
	15. COMMITMENTS AND CONTINGENCIES
	We may be party to various claims, legal actions, and complaints arising in the ordinary course of business. We monitor our legal matters, including advice from external legal counsel, and periodically perform assessments of these matters for potential loss accrual and disclosure. There are currently no probable matters outstanding that, in the opinion of management, will have a material effect on our Consolidated Balance Sheets, Statements of Operations and Statements of Cash Flows. There are also currently no reasonably possible matters outstanding that, in the opinion of management, will have a material effect on our Consolidated Balance Sheets, Statements of Operations and Statements of Cash Flows.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events	'
	16. SUBSEQUENT EVENTS
	Subsequent to our balance sheet date of December 31, 2013:
		•		On January 10, 2014, we paid cash dividends of $10,653 or $0.15 per ordinary share.
		•		On January 16, 2014, we declared dividends of $0.15 per ordinary share for the months of January, February and March, 2014. The dividends will be payable to holders of record of our ordinary shares as follows:
	Record Date		Payment Date		Amount per
					Ordinary Share
	January 31, 2014		February 10, 2014		$0.15
	February 28, 2014		March 10, 2014		$0.15
	March 31, 2014		April 10, 2014		$0.15
		•		On January 17, 2014, we completed the issuance of $600,000 of one-year and $200,000 of three-year term notes at a weighted average spread over one-month LIBOR of 1.09%. The proceeds were used to reduce the borrowings on our variable funding notes.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Organization	'
	Organization
	HLSS and its wholly owned subsidiaries are engaged in the business of acquiring Mortgage Servicing Assets. We do not originate mortgage loans, and as a result we are not subject to the risk of loss related to the origination of mortgage loans. We engaged Ocwen, a high quality residential mortgage loan servicer, to service the mortgage loans underlying our Mortgage Servicing Assets and therefore have not and do not intend to develop our own mortgage servicing platform. Our target is to distribute approximately 90% of our Net income over time to our shareholders in the form of a monthly cash dividend.
Basis of Presentation	'
	Basis of Presentation
	We prepared the accompanying audited Consolidated Financial Statements in conformity with the instructions of the SEC to Form 10-K for annual financial statements. The preparation of financial statements in conformity with GAAP requires that we 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. Prior to our IPO on March 5, 2012 we were a developmental stage company. Therefore, our results for the years ended December 31, 2012 and 2011 do not reflect a full twelve months of operations and are not fully comparable to the results for the year ended December 31, 2013.
Principles of Consolidation	'
	Principles of Consolidation
	Our financial statements include the accounts of HLSS and its wholly owned subsidiaries, as well as two VIEs of which we are the primary beneficiary. We eliminate intercompany accounts and transactions in consolidation.
	We evaluate each SPE for classification as a VIE. When a SPE meets the definition of a VIE and we determine that HLSS is the primary beneficiary, we include the SPE in our Consolidated Financial Statements.
	Our Match funded advances are in two SPEs along with related Match funded liabilities. We determined that these SPEs are VIEs of which we are the primary beneficiaries. The accounts of these SPEs are included in our Consolidated Financial Statements.
	Match funded advances on loans serviced for others result from our transfers of residential loan servicing advances to SPEs in exchange for cash. The SPEs issue debt supported by collections on the transferred advances. We made these transfers under the terms of our advance facility agreements. These transfers do not qualify for sale accounting because we retain control over the transferred assets. As a result, we account for these transfers as financings and classify the transferred advances on our Consolidated Balance Sheet as Match funded advances and the related liabilities as Match funded liabilities. We use collections on the advances pledged to the SPEs to repay principal and to pay interest and the expenses of each entity. Holders of the debt issued by each entity can look only to the assets of the entity itself for satisfaction of the debt and have no recourse against HLSS. We did not provide financial or other support to our SPEs during the current fiscal period, nor are we required to under the terms of our advance facility agreements.
	The following table summarizes the assets and liabilities of the SPEs formed in connection with our current Match funded advance facilities, at the dates indicated:
			December 31,		December 31,
			2013		2012
	Match funded advances		$	6,387,781	$	3,098,198
	Related party receivables (1)			60,239		21,265
	Other assets (2)			119,902		77,110
	Total assets		$	6,567,922	$	3,196,573
	Match funded liabilities		$	5,715,622	$	2,690,821
	Other liabilities			4,673		2,203
	Total liabilities		$	5,720,295	$	2,693,024
	-1	Relates to collections made by Ocwen on outstanding Match funded advances. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of December 31, 2013 and 2012. See Note 14 for more information about our Related party receivables.
	-2	Other assets principally include debt service accounts and debt issuance costs. See Note 5 for more information about our Other assets.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents include interest-bearing demand deposits with financial institutions with original maturities of 90 days and less. There were no restrictions on the use of our cash and cash equivalents balances as of December 31, 2013 and 2012.
Servicing Activities and Match Funded Advances	'
	Servicing Activities and Match Funded Advances
	As part of our agreements with Ocwen, we are obligated to purchase the servicing advances made by Ocwen pursuant to the PSAs related to any Acquired Mortgage Servicing Rights. Servicing advances serve as collateral under the terms of our advance facilities and therefore we classify the servicing advances we purchase from Ocwen as “Match funded advances”.
	Residential mortgage loan servicers manage the billing, collections and loss mitigation activities associated with mortgage loans that are originated by banks or other lenders. Servicers send borrowers monthly account statements, collect monthly mortgage payments, remit such payments to the owner of the mortgage loan, answer customer service inquiries and maintain custodial accounts to hold borrower payments of principal and interest and amounts received from borrowers to pay real estate taxes and insurance with respect to the properties securing the mortgage loans and pay such real estate taxes and insurance premiums from the custodial accounts. A servicer will also remit collections on the mortgage loans from the custodial accounts to the trustee of the applicable securitization trust to make payments on the related mortgage-backed securities and prepare and deliver monthly and annual reports to the trustee. A servicer may also be required to advance its own funds to cover shortfalls in collections of principal and interest from borrowers, to pay property and casualty insurance premiums and real estate taxes on a property and to cover the costs associated with protecting or foreclosing on a property. If borrowers become delinquent on loans, the servicer generally may conduct loss mitigation activities to reduce loan delinquencies and losses by working with borrowers to collect payments and modify loans or enforce the lenders’ remedies, which may include initiating foreclosure procedures and selling the properties.
	Match funded advances generally fall into one of three categories:
		•		“Principal and Interest Advances” are cash payments made by the servicer to the owner of the mortgage loan to cover scheduled payments of principal and interest on a mortgage loan that have not been paid on a timely basis by the borrower.
		•		“Taxes and Insurance Advances” are cash payments made by the servicer to third parties on behalf of the borrower for real estate taxes and insurance premiums on the property that have not been paid on a timely basis by the borrower.
		•		“Corporate Advances” are cash payments made by the servicer to third parties for the costs and expenses incurred in connection with the foreclosure, preservation and sale of the mortgaged property, including attorneys’ and other professional fees.
	Match funded advances are usually reimbursed from amounts received with respect to the related mortgage loan, including payments from the borrower or amounts received from the liquidation of the property securing the loan which is referred to as “loan level recovery.” Servicers generally have the right to cease making servicing advances on a loan if they determine that advances are not recoverable at the loan level. With respect to the Rights to MSRs that we own, Ocwen makes this determination in accordance with its stop advance policy. In the event that loan level recovery is not sufficient to reimburse the servicer in full for servicing advances made with respect to a mortgage loan, most of our PSAs provide that the servicer is entitled to be reimbursed from collections received with respect to other loans in the same securitized mortgage pool which is referred to as “pool level recovery”. We do not receive interest on Match funded advances.
	We may record a charge to earnings to the extent that we believe Match funded advances are uncollectible (we recorded no such charges for the years ended December 31, 2013, 2012 and 2011) under the provisions of each servicing contract taking into consideration the projected collections under the applicable loan or pool relative to the Match funded advances outstanding and the projected future Match funded advances. However, the servicer is generally only obligated to advance funds to the extent that it believes the advances are recoverable from expected proceeds from the loan. We assess collectability using proprietary cash flow projection models which incorporate a number of different factors, depending on the characteristics of the mortgage loan or pool, including, for example, time to a foreclosure sale, estimated costs of foreclosure action, future property tax payments and the value of the underlying property net of carrying costs, commissions and closing costs.
Notes Receivable - Rights to MSRs and Interest Income	'
	Notes Receivable – Rights to MSRs and Interest Income
	In connection with our purchase of the Rights to MSRs we received all the rights and rewards of ownership of mortgage servicing rights absent the necessary approvals required to allow us to become the named servicer under the applicable PSAs. ASC 860, Transfers and Servicing, specifically prohibits accounting for a transfer of servicing rights as a sale if legal title to such servicing rights has not passed to the purchaser. As a result, we are required to account for the purchase of the Rights to MSRs as a financing. We initially recorded the Notes receivable – Rights to MSRs at the purchase price of the Rights to MSRs. We amortize the Notes receivable –Rights to MSRs using the interest method of accounting. At each reporting date, we calculate the present value of the net cash flows related to the then outstanding UPB of the underlying mortgage servicing rights and adjust the carrying value of the Notes receivable – Rights to MSRs to this amount. The change in the carrying value of the Notes receivable – Rights to MSRs reduces the net servicing fees received by us with respect to the mortgage servicing rights and the servicing fees paid to Ocwen with respect to the mortgage servicing rights. We record the resulting amount as Interest income. Interest income is our primary source of income. See Note 10 for more information about how we calculate Interest income – notes receivable – Rights to MSRs.
Servicing Fees, Base Fees, Ancillary Income and Performance Based Incentive Fees	'
	Servicing Fees, Base Fees, Ancillary Income and Performance Based Incentive Fees
	Ocwen is the named servicer for the mortgage loans underlying the Rights to MSRs, and receives the servicing fees associated with the mortgage servicing rights; however, Ocwen pays these servicing fees to us under the terms of the Purchase Agreement and related sale supplements specific to each asset purchase. We pay Ocwen a monthly base fee equal to 12% of the servicing fees collected each month. The monthly base fee payable to Ocwen varies from month to month based on the level of collections of principal and interest for the mortgage loans serviced. Ocwen also receives a performance based incentive fee to the extent the Servicing fee revenue that it collects for any given month exceeds the sum of the monthly base fee and the retained fee.
	The amount, as expressed in terms of basis points of the average UPB of the mortgage loans serviced, used to calculate the retained fee is a contractually agreed upon amount. If we do not receive an amount equal to the retained fee in any given month, as expressed in terms of basis points of the average UPB of the mortgage loans serviced, this creates a shortfall in our targeted gross servicing margin. Should this occur, Ocwen will not earn a performance based incentive fee for any month that there is such a shortfall, or in any subsequent month, until we have recovered such shortfall from amounts that would otherwise be available to pay future performance based incentive fees to Ocwen.
	As determined by the terms of the Sale Supplement with respect to each mortgage servicing right, the performance based incentive fee payable in any month will be reduced by an amount equal to one month LIBOR + 275 bps per annum of the amount of any such excess servicing advances if the advance ratio exceeds a predetermined level for that month.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	We are party to interest rate swap agreements that we recognize on our Consolidated Balance Sheet at fair value within other assets and other liabilities. On the date we entered into our interest rate swap agreements, we designated and documented them as hedges of the variable cash flows payable for floating rate interest expense on our borrowings (cash flow hedge). To qualify for hedge accounting, a derivative must be highly effective at reducing the risk associated with the hedged exposure. In addition, the documentation must include the risk management objective and strategy. We assess and document quarterly the derivatives’ effectiveness and expected effectiveness in offsetting the changes in the fair value or the cash flows of the hedged items. To assess effectiveness, we use statistical methods, such as regression analysis, as well as nonstatistical methods including dollar-offset analysis. For a cash flow hedge, to the extent that it is effective, we record changes in the estimated fair value of the derivative in accumulated other comprehensive income (“AOCI”.) We subsequently reclassify these changes in estimated fair value to Net income in the same period, or periods, that the hedged transaction affects earnings and in the same financial statement category as the hedged item.
	If a derivative instrument in a cash flow hedge is terminated or the hedge designation is removed, we reclassify related amounts in AOCI into earnings in the same period or periods during which the cash flows that were hedged affect earnings. In a period where we determine that it is probable that a hedged forecasted transaction will not occur, such as variable-rate interest payments on debt that has been repaid in advance, any related amounts in AOCI are reclassified into earnings in that period.
	We do not apply offsetting as part of our accounting for derivative assets and liabilities and the related collateral amounts.
	See Notes 3 and 9 for additional information regarding our interest rate swap agreements.
Match Funded Liabilities	'
	Match Funded Liabilities
	Substantially all of our outstanding Match funded advances are pledged to advance financing facilities. Match funded liabilities are a form of non-recourse debt that are collateralized by our Match funded advances. Our Match funded liability balance is driven primarily by the level of servicing advances and the advance borrowing rate which is defined as the collateral value of servicing advances divided by total servicing advances. The advance borrowing rates which are different for each type of six advance types were set at levels that enabled each class of notes issued pursuant to the advance financing facilities to meet rating agency criteria. In addition, we are able to pledge deferred servicing fees as collateral for our Match funded liabilities.
	Under the terms of the related indenture, the SPEs created in connection with the Advance Facilities are subject to various qualitative and quantitative covenants. We believe that we are currently in compliance with the following covenants:
		•		Restrictions on future investments and indebtedness;
		•		Restrictions on sale or assignment of Match funded advances; and
		•		Monitoring and reporting of various specified transactions or events, including specific reporting on defined events affecting collateral underlying the indenture.
	See Note 6 for additional information regarding our Match funded liabilities.
Other Borrowings	'
	Other Borrowings
	On June 27, 2013, we entered into a senior secured term loan facility. The senior term loan facility was issued at a discount to par, and this original issue discount is being accreted into Interest expense over the life of the facility. See Note 7 for additional information regarding our Other borrowings.
Interest Income - Other	'
	Interest Income – Other
	Interest income – Other consists of interest we earn on our operating bank accounts and the custodial account balances related to the mortgage loans serviced which are not included in our Consolidated Balance Sheets. When we acquire Notes receivable – Rights to MSRs, we also acquire the right to earn interest income on all custodial account balances associated with the related PSAs.
Operating Expenses	'
	Operating Expenses
	Our operating expenses consist largely of Compensation and benefits for our employees. In addition, we incur General and administrative expenses for facilities, technology, communication and other expenses typical of public companies, including audit, legal and other professional fees.
Interest Expense	'
	Interest Expense
	We primarily finance servicing advances with Match funded liabilities that accrue interest. Interest expense also includes interest incurred on our Other borrowings, amortization of debt issuance costs and net interest payable on our interest rate swaps.
	Interest expense is sensitive to the Match funded advance balance which is driven primarily by the delinquency rates and amount of UPB serviced. The speed at which delinquent loans are resolved affects our Interest expense. For example, slower resolution of delinquencies will result in higher servicing advance balances and higher Interest expense. In order to mitigate the Interest expense impact of higher servicing advance balances, we reduce the performance based servicing fee payable to Ocwen in any month in which the advance ratio exceeds a predetermined level for that month. Periodic issuances of fixed rate term notes also protect us from the risk of rising interest rates. We earn Interest income at market interest rates on the custodial account balances related to the mortgage loans serviced which are not included in our Consolidated Balance Sheets. Lastly, we use interest rate swaps to hedge a portion of our variable interest rate exposure. See Notes 3 and 9 for additional information regarding our interest rate swap agreements.
Income Taxes	'
	Income Taxes
	We were incorporated as an exempted company in the Cayman Islands which currently does not levy income taxes on individuals or companies. We expect to be treated as a PFIC under U.S. federal income tax laws with respect to our investing activities. With the exception of our U.S. subsidiaries, we do not expect to be treated as engaged in a trade or business in the U.S. and thus do not expect to be subject to U.S. federal income taxation on the majority of our earnings.
	We account for income taxes using the asset and liability method which requires the recognition of Deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. See Note 12 for more information regarding our Income taxes.
Basic and Diluted Earnings Per Share	'
	Basic and Diluted Earnings Per Share
	We calculate basic earnings per share by dividing Net income or loss by the weighted average number of ordinary shares outstanding for the year. We calculate diluted earnings per share based upon the weighted average number of ordinary shares outstanding and all dilutive potential ordinary shares outstanding during the year. For the years ended December 31, 2013, 2012 and 2011, there were no ordinary share equivalents or other securities that could potentially dilute basic earnings per share.
Dividends	'
	Dividends
	When our Board of Directors declares cash dividends, we record a payable and charge Retained earnings for the total amount of the dividends declared. If we lack sufficient Retained earnings to pay the full amount of dividends declared we charge the excess amount to Additional paid-in capital.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	Accounting Standards Update (“ASU”) ASU 2012-04. This ASU makes technical corrections and improvements to a variety of topics in the Codification. The changes include source literature amendments, guidance clarification, reference corrections and relocated guidance. The ASU also includes conforming amendments to the Codification to reflect ASC 820’s fair value measurement and disclosure requirements. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
	ASU 2013-01. This ASU limits the scope of the new balance sheet offsetting disclosure requirements to derivatives (including bifurcated embedded derivatives), repurchase agreements and reverse repurchase agreements, and securities borrowing and lending transactions. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
	ASU 2013-02. This ASU enhances the reporting of reclassifications out of AOCI. The ASU sets requirements for presentation for significant items reclassified to Net income in their entirety during the period and for items not reclassified to Net income in their entirety during the period. It requires companies to present information about reclassifications out of AOCI in one place. It also requires companies to present reclassifications by component when reporting changes in AOCI balances. Our adoption of this standard effective January 1, 2013, did not have a material impact on our Consolidated Financial Statements.
	ASU 2013-10. This ASU permits the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, as an alternative to interest rates on direct Treasury obligations of the U.S. government or LIBOR. This standard is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. Our adoption of this standard effective July 17, 2013 did not have a material impact on our Consolidated Financial Statements.
	ASU 2013-11. This ASU provides explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss (“NOL”) carryforward, a similar tax loss or a tax credit exists. Previously, there was diversity in practice, and this ASU is expected to eliminate that diversity in practice. The amendments in this update are effective for fiscal years and interim periods within those periods beginning after December 15, 2013. We do not expect that the adoption of this standard on January 1, 2014 will have a material impact on our Consolidated Financial Statements.
Revenue	'
Related Party Transaction	'
	Related Party Revenue
	Related party revenue consists of amounts due to us from Ocwen under the terms of the Ocwen Professional Services Agreement. Under the Ocwen Professional Services Agreement, we receive revenue for providing certain services to Ocwen which includes valuation and analysis of mortgage servicing rights, capital markets activities, advance financing management, treasury management, legal services and other similar services. We recognize revenue under the Ocwen Professional Services Agreement based on actual costs incurred plus an additional markup of 15%. See Note 14 for more information regarding our related party transactions.
Expenses	'
Related Party Transaction	'
	Related Party Expenses
	Related party expenses consist of administrative services pursuant to the Altisource Administrative Services Agreement and the services provided by Ocwen to us under the Ocwen Professional Services Agreement. See Note 14 for more information regarding our related party transactions.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Assets and Liabilities of SPEs	'
	The following table summarizes the assets and liabilities of the SPEs formed in connection with our current Match funded advance facilities, at the dates indicated:
			December 31,		December 31,
			2013		2012
	Match funded advances		$	6,387,781	$	3,098,198
	Related party receivables (1)			60,239		21,265
	Other assets (2)			119,902		77,110
	Total assets		$	6,567,922	$	3,196,573
	Match funded liabilities		$	5,715,622	$	2,690,821
	Other liabilities			4,673		2,203
	Total liabilities		$	5,720,295	$	2,693,024
	-1	Relates to collections made by Ocwen on outstanding Match funded advances. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of December 31, 2013 and 2012. See Note 14 for more information about our Related party receivables.
	-2	Other assets principally include debt service accounts and debt issuance costs. See Note 5 for more information about our Other assets.

Assets_Acquired_and_Liabilitie1

Assets Acquired and Liabilities Assumed (Tables)	12 Months Ended
	Dec. 31, 2013
Summary of Purchase Price of Assets and Liabilities	'
	The following table summarizes the purchase price of the assets we acquired from Ocwen during the year ended December 31, 2013 and reconciles the cash used to acquire such assets:
	Notes receivable – Rights to MSRs		$	417,167
	Match funded advances (1)			3,839,954
	Purchase price			4,257,121
	Cash paid to settle previous post-close adjustments			1,410
	Total cash used		$	4,258,531
	Sources:
	Cash on-hand		$	807,268
	Match funded liabilities		$	3,451,263
	-1	The cash used to purchase these assets are shown within the “Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable – Rights to MSRs” of the Consolidated Statement of Cash Flows.
	The following table summarizes the purchase price of the assets we acquired and liabilities we assumed from Ocwen during 2012 and reconciles the cash used to acquire such assets and assume such liabilities:
			Initial			Subsequent			Total
			Purchase			Purchases
	Notes receivable – Rights to MSRs		$	62,458		$	254,164		$	316,622
	Match funded advances (1)			—			2,827,227			2,827,227
	Purchase of Advance SPE:
	Match funded advances (1)			413,374			—			413,374
	Other assets (1)			22,136			—			22,136
	Match funded liabilities (1)			(358,335	)		—			(358,335	)
	Other liabilities (1)			(841	)		—			(841	)
	Net assets of Advance SPE			76,334			—			76,334
	Purchase price, as adjusted			138,792			3,081,391			3,220,183
	Amount due to Ocwen for post-closing adjustments			—			(1,410	)		(1,410	)
	Total cash used		$	138,792		$	3,079,981		$	3,218,773
	Sources:
	Cash on-hand		$	138,792		$	685,654		$	824,446
	Match funded liabilities		$	—		$	2,394,327		$	2,394,327
	-1	The cash used to purchase these assets and assume these liabilities are shown net within the “Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable – Rights to MSRs” of the Consolidated Statement of Cash Flows.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Fair value of Assets and Liabilities Measured on Recurring Basis	'
	The following tables present assets and liabilities measured at fair value on a recurring basis categorized by input level within the fair value hierarchy:
			Fair value				Level 1				Level 2				Level 3
	At December 31, 2013:
	Measured at fair value on a recurring basis:
	Assets:
	Notes receivable – Rights to MSRs		$	651,060			$	—			$	—			$	651,060
	Derivative financial instruments			3,835				—				—				3,835
	Total assets		$	654,895			$	—			$	—			$	654,895
	Liabilities:
	Derivative financial instruments		$	529			$	—			$	—			$	529
	Total liabilities		$	529			$	—			$	—			$	529
			Fair value				Level 1				Level 2				Level 3
	At December 31, 2012:
	Measured at fair value on a recurring basis:
	Assets:
	Notes receivable – Rights to MSRs		$	303,705			$	—			$	—			$	303,705
	Total assets		$	303,705			$	—			$	—			$	303,705
	Liabilities:
	Derivative financial instruments		$	1,076			$	—			$	—			$	1,076
	Total liabilities		$	1,076			$	—			$	—			$	1,076
Reconciliation of Changes in Fair Value	'
	The following table presents reconciliations of the changes in fair value of our Level 3 assets and liabilities which we measure at fair value on a recurring basis:
			2013								2012
	For the years ended December 31,		Notes				Derivative				Notes				Derivative
			receivable –				Financial				receivable –				Financial
			Rights to				Instruments				Rights to				Instruments
			MSRs								MSRs
	Beginning balance		$	303,705			$	(1,076	)		$	—			$	—
	Purchases and reductions:
	Purchases			417,167				—				316,622				—
	Reductions			(69,812	)			—				(12,917	)			—
				347,355				—				303,705				—
	Changes in fair value :
	Included in net income			—				—				—				—
	Included in other comprehensive income(loss) (1)			—				4,382				—				(1,076	)
				—				4,382				—				(1,076	)
	Transfers in or out of Level 3			—				—				—				—
	Ending balance		$	651,060			$	3,306			$	303,705			$	(1,076	)
	-1	These pre-tax gains (losses) are attributable to derivatives still held at December 31, 2013 and 2012.
Effect on Fair Value of Note Receivable - Rights to MSRs	'
	he following tables show the effect on the fair value of the Notes receivable – Rights to MSRs assuming adverse changes to certain key assumptions used in valuing these assets at December 31, 2013 and 2012:
			Discount Rates				Prepayment Speeds				Delinquency Rates
			100 bps adverse change				10% adverse change				10% adverse change
	December 31, 2013
	Notes receivable – Rights to MSRs		$	(13,343	)		$	(23,152	)		$	(74,539	)
			Discount Rates				Prepayment Speeds				Delinquency Rates
			100 bps adverse change				10% adverse change				10% adverse change
	December 31, 2012
	Notes receivable – Rights to MSRs		$	(11,786	)		$	(15,470	)		$	(45,540	)
Quantitative Information on Significant Inputs Used for Valuing Note Receivable - Rights to MSRs	'
	The following tables provide more quantitative information on our significant inputs used for valuing our Note Receivable – Rights to MSRs at December 31, 2013 and 2012:
	At December 31, 2013:
	Asset		Unobservable Input		Low				High				Weighted
													Average
	Notes receivable – Rights to MSRs		Discount Rates			15	%			22	%			20	%
			Prepayment Speeds			12	%			28	%			19	%
			Delinquency Rates			15	%			35	%			25	%
	At December 31, 2012:
	Asset		Unobservable Input		Low				High				Weighted
													Average
	Notes receivable – Rights to MSRs		Discount Rates			15	%			22	%			20	%
			Prepayment Speeds			12	%			27	%			19	%
			Delinquency Rates			15	%			35	%			29	%
Carrying Values and Fair Value Estimates of Financial Instruments Not Carried at Fair Value	'
	Presented below are the December 31, 2013 and 2012 carrying values and fair value estimates of financial instruments not carried at fair value:
			December 31,				December 31,				December 31,				December 31,
			2013				2013				2012				2012
			Carrying Value				Fair Value				Carrying Value				Fair Value
	Financial assets:
	Match funded advances		$	6,387,781			$	6,387,781			$	3,098,198			$	3,098,198
	Total financial assets		$	6,387,781			$	6,387,781			$	3,098,198			$	3,098,198
	Financial liabilities:
	Match funded liabilities		$	5,715,622			$	5,700,934			$	2,690,821			$	2,697,840
	Other borrowings			343,386				346,391				—				—
	Total financial liabilities		$	6,059,008			$	6,047,325			$	2,690,821			$	2,697,840

Match_Funded_Advances_Tables

Match Funded Advances (Tables)	12 Months Ended
	Dec. 31, 2013
Match Funded Advances on Residential Loans	'
	Match funded advances on residential loans we service for others, as more fully described in Note 1 – Principles of Consolidation are comprised of the following at the dates indicated:
		December 31,		December 31,
		2013		2012
	Principal and interest advances	$	2,632,092	$	1,231,471
	Taxes and insurance advances		2,723,390		1,399,813
	Corporate advances		1,032,299		466,914
		$	6,387,781	$	3,098,198

Other_Assets_Tables

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2013
Other Assets	'
	Other assets consisted of the following at the dates indicated:
			December 31,		December 31,
			2013		2012
	Debt service accounts (1)		$	103,910	$	67,776
	Debt issuance costs (2)			21,165		9,278
	Interest-earning collateral deposits (3)			1,075		1,904
	Derivative financial instruments (4)			3,835		—
	Other			168		133
			$	130,153	$	79,091
	-1	Under our advance financing facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. We do not use the collected funds to reduce the related Match funded liabilities until the payment dates specified in the indenture. The balance also includes amounts that we set aside to provide for possible shortfalls in the funds available to pay certain expenses and interest.
	-2	Costs relate to Match funded liabilities and Other borrowings. We amortize these costs to the earlier of the scheduled amortization date, contractual maturity date or prepayment date of the debt.
	-3	Represents cash collateral held by our counterparty as part of our interest rate swap agreements.
	-4	See Notes 1, 3 and 9 for more information regarding our use of derivatives.

Match_Funded_Liabilities_Table

Match Funded Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Match Funded Liabilities	'
	Match funded liabilities, as more fully described in Note 1 – Principles of Consolidation are comprised of the following at the dates indicated:
								Balance Outstanding
	Borrowing Type (1)		Interest Rate (2)	Maturity (3)	Amortization	Unused		December 31,		December 31,
					Date (3)	Borrowing		2013 (6-10)		2012
						Capacity (4)
	Series 2012 T1 Term Notes		134 – 396 bps	Oct. 2043	Oct. 2013	$	—	$	—	$	250,000
	Series 2012 T2 Term Notes		199 – 494 bps	Oct. 2045	Oct. 2015		—		450,000		450,000
	Series 2013 T1 Term Notes		90   – 249 bps	Jan. 2044	Jan. 2014		—		650,000		—
	Series 2013 T1 Term Notes		150 – 323 bps	Jan. 2046	Jan. 2016		—		350,000		—
	Series 2013 T1 Term Notes		229 – 446 bps	Jan. 2048	Jan. 2018		—		150,000		—
	Series 2013 T2 Term Notes		115 – 239 bps	May 2044	May-15		—		375,000		—
	Series 2013 T3 Term Notes		179 – 313 bps	May-46	May-17		—		475,000		—
	Series 2013 T4 Term Notes		118 – 232 bps	Aug-44	Aug-14		—		200,000		—
	Series 2013 T5 Term Notes		198 – 331 bps	Aug-46	Aug-16		—		200,000		—
	Series 2013 T6 Term Notes		129 – 223 bps	Sep-44	Sep-14		—		350,000		—
	Series 2013 T7 Term Notes		198 – 302 bps	Nov-46	Nov-16		—		300,000		—
	Series 2012 VF 1 Notes (5)		1-Month LIBOR + 110 – 340 bps	Aug. 2044	Aug. 2014		230,950		469,050		339,465
	Series 2012 VF 2 Notes (5)		1-Month LIBOR + 110 – 340 bps	Aug. 2044	Aug. 2014		230,950		469,050		678,928
	Series 2012 VF 3 Notes (5)		1-Month LIBOR + 110 – 340 bps	Aug. 2044	Aug. 2014		230,950		469,050		678,928
	Series 2013 VF 1 Notes (11)		1-Month LIBOR + 195 – 290 bps	Feb. 2044	Feb. 2014		35,028		514,972		—
	Class A Term Money Market Fund Note (12)		1-Month LIBOR + 20 bps	Sep. 2014	Jan. 2014		—		265,000		183,462
	Class A Draw Money Market Fund Note (12)		1-Month LIBOR + 110 bps	Sep. 2044	Sep. 2014		—		—		81,538
	Class B Term Money Market Fund Note		275 bps	Sep. 2044	Sep. 2014		—		28,500		28,500
						$	727,878	$	5,715,622	$	2,690,821
	-1	Each term note and variable funding note issuance has four classes, an A, B, C, and D class.
	-2	The weighted average interest rate at December 31, 2013 was 1.64%. We pay interest monthly.
	-3	The maturity date is the due date for all outstanding balances. The amortization date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. If an advance facility note is not refinanced on the amortization date, all collections that represent the repayment of advances pledged to the facilities must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed. To the extent that we have sufficient unused borrowing capacity on our Variable Funding Notes, we can use such excess capacity to finance additional Match funded advances rather than extending or refinancing a term note that has reached the amortization date.
	-4	Our unused borrowing capacity is available to us if we have additional eligible collateral to pledge and meet other borrowing conditions. We pay a 0.50% or 0.75% fee on the unused borrowing capacity which varies by facility.
	-5	These Variable Funding Notes were amended during August 2013 to extend the amortization date and maturity date by a year and resulted in new interest rate spreads compared to December 31, 2012. Variable Funding Note balances fluctuate based on Match funded advance activity and our ability to issue fixed rate term notes.
	-6	On January 22, 2013, we completed the issuance of $650,000 of one-year, $350,000 of three-year and $150,000 of five-year term notes.
	-7	On May 21, 2013, we completed the issuance of $375,000 of two-year and $475,000 of four-year term notes.
	-8	On August 8, 2013, we completed the issuance of $200,000 of one-year and $200,000 of three-year term notes.
	-9	On September 18, 2013, we completed the issuance of a $350,000 one-year term note.
	-10	On November 26, 2013, we completed the issuance of a $300,000 three-year term note.
	-11	On July 1, 2013, we issued a new Variable Funding Note series as part of the Follow On 3 acquisition.
	-12	The Class A Term Money Market Fund Note and Class A Draw Money Market Fund Note have a combined maximum borrowing capacity of $265,000. By design, the Class A Term Money Market Fund Note balance is reduced at scheduled times and there is an equally offsetting increase to the Class A Draw Money Market Fund Note. The combined balance of these notes was equal to $265,000 at December 31, 2013 and 2012. On September 26, 2013, we placed a new Money Market Fund Note at a reduced interest rate and amended the related Money Market Fund Draw Note to reduce the interest rate. The amortization date for the Class A Term Money Market Fund Note represents the commencement date for scheduled repayments.

Other_Borrowings_Tables

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2013
Analysis of Borrowing by Maturity	'
	Analysis of Borrowing by Expected Maturity (1):
	Year of Expected Maturity Date		As of December 31, 2013
	2014		$	3,415,622
	2015			825,000
	2016			850,000
	2017			475,000
	2018			150,000
	Total		$	5,715,622
	-1	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.
Other Borrowings	'
			December 31,
			2013		December 31,
					2012
	Senior secured term loan facility (1)		$	343,386	$	—
			$	343,386	$	—
	-1	On June 27, 2013, we entered into a $350,000 senior secured term loan facility. The senior secured term loan facility has an expected maturity date of June 27, 2020 and an interest rate of 3.50% plus one month LIBOR, with a 1.00% LIBOR floor. As of December 31, 2013, the interest rate on our senior secured term loan facility was 4.50%. The senior secured term loan was issued at a discount to par and had a carrying value of $343,386 at December 31, 2013 which reflects an original issue discount of $5,250 that is being accreted into interest expense over the life of the borrowing.
Senior Secured Term Loan Facility	'
Analysis of Borrowing by Maturity	'
	Analysis of Borrowing by Maturity:
	Year of Payment Date		As of December 31, 2013
	2014		$	3,500
	2015			3,500
	2016			3,500
	2017			3,500
	2018 and thereafter			334,250
	Total		$	348,250

Ordinary_Shares_Tables

Ordinary Shares (Tables)	12 Months Ended
	Dec. 31, 2013
Increases in Number of Ordinary Shares	'
	Increases in the number of ordinary shares issued during the years ended December 31, 2013, 2012 and 2011 are represented in the table below:
		2013		2012		2011
	Ordinary shares issued – beginning balance		55,884,718		20,000		20,000
	Issuance of new ordinary shares		15,132,053		55,864,718		—
	Ordinary shares issued – ending balance		71,016,771		55,884,718		20,000

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Interest Rate Swaps	'
	The following tables provide information about our interest rate swaps at December 31, 2013 and 2012:
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (2),(3):
	Hedge the effects of changes in 1-Month LIBOR		September		September	August			0.5188	%		1-Month	Other	$	177,056	$	1,084
			2012		2012							LIBOR	Assets
						2017
	Hedge the effects of changes in 1-Month LIBOR		January		January	December			1.3975	%		1-Month	Other		338,009		2,751
			2013		2016							LIBOR	Assets
						2017
	Total asset derivatives designated as hedges as of December 31, 2013														515,065		3,835
	Total asset derivatives as of December 31, 2013													$	515,065	$	3,835
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (2),(3):
	Hedge the effects of changes in 1-Month LIBOR		March		March	March			0.6325	%		1-Month	Other	$	102,522	$	364
			2012			2016						LIBOR	Liabilities
					2012
	Hedge the effects of changes in 1-Month LIBOR		May		May	May			0.607	%		1-Month	Other		28,565		25
												LIBOR	Liabilities
			2012		2012	2016
	Hedge the effects of changes in 1-Month LIBOR		January		January	July			0.3375	%		1-Month	Other		307,043		140
			2013		2014							LIBOR	Liabilities
						2014
	Total liability derivatives designated as hedges as of December 31, 2013														438,130		529
	Total liability derivatives as of December 31, 2013													$	438,130	$	529
	Purpose		Date		Effective	Maturity		We Pay			We		Balance	Notional		Fair
			Opened		Date (1)						Receive		Sheet	Amount		Value
													Location
	Designated as hedges (3):
	Hedge the effects of changes in 1-Month LIBOR		March		March	March			0.6325	%		1-Month	Other	$	147,351	$	759
			2012			2016						LIBOR	Liabilities
					2012
	Hedge the effects of changes in 1-Month LIBOR		May		May	May			0.607	%		1-Month	Other		44,221		174
												LIBOR	Liabilities
			2012		2012	2016
	Hedge the effects of changes in 1-Month LIBOR		September		September	August			0.5188	%		1-Month	Other		223,059		143
			2012		2012							LIBOR	Liabilities
						2017
	Total liability derivatives designated as hedges as of December 31, 2012														414,631		1,076
	Total liability derivatives as of December 31, 2012													$	414,631	$	1,076
	-1	The effective date of the swap is the date from which monthly net settlements begin to be computed.
	-2	Projected net settlements for the next twelve months total approximately $1,118 of payments to our counterparties.
	-3	There was an unrealized pre-tax gain of $4,382 related to our interest rate swaps included in AOCI for the year ended December 31, 2013, and an unrealized pre-tax loss of $1,076 related to our interest rate swaps included in AOCI for the year ended December 31, 2012. Given the current and expected effectiveness of our hedging arrangements, we do not expect any reclassifications from AOCI into earnings associated with hedging ineffectiveness related to these hedging arrangements during the next twelve months.
Summarization of Use of Derivative	'
	The following table summarizes the use of derivatives during the years ended December 31, 2013 and 2012:
			2013			2012
	Notional balance at beginning of period		$	414,631		$	—
	Additions			645,052			534,946
	Maturities			—			—
	Terminations			—			—
	Amortization			106,488			120,315
	Notional balance at end of period		$	953,195		$	414,631

Interest_Income_Tables

Interest Income (Tables)	12 Months Ended
	Dec. 31, 2013
Notes Receivable - Rights to MSRs	'
Calculation of Interest Income on Notes Receivable	'
	The following table shows how we calculated Interest income—notes receivable – Rights to MSRs for the years ended December 31:
		2013		2012		2011
	Servicing fees collected	$	633,377	$	117,789	$	—
	Subservicing fee payable to Ocwen		317,702		50,173		—
	Net servicing fees retained by HLSS		315,675		67,616		—
	Reduction in Notes receivable – Rights to MSRs		69,812		12,917		—
		$	245,863	$	54,699	$	—
Interest Income - other	'
Calculation of Interest Income on Notes Receivable	'
	The following table shows our Interest income – other in more detail for the years ended December 31:
		2013		2012		2011
	Custodial account interest	$	1,819	$	—	$	—
	Operating account interest		376		109		—
		$	2,195	$	109	$	—

Interest_Expense_Tables

Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2013
Components of Interest Expense	'
	The following table presents the components of Interest expense for the years ended December 31:
		2013		2012		2011
	Match funded liabilities	$	83,137	$	16,158	$	—
	Other borrowings		8,627		—		—
	Amortization of debt issuance costs		16,950		6,960		—
	Interest rate swaps		1,357		939		—
		$	110,071	$	24,057	$	—

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Sources of Income (loss) Before Income Taxes	'
	The sources of income (loss) before income taxes for the years ended December 31, 2013, 2012 and 2011 were as follows:
			2013			2012			2011
	U.S. operations		$	4,057		$	(3,430	)	$	(1	)
	Non-U.S. operations			123,871			30,347			(272	)
	Total		$	127,928		$	26,917		$	(273	)
Components of Income Tax Provision	'
	The components of the income tax provision for the years ended December 31, 2013 and 2012 consisted of the following (we had no income tax provision or benefit for the year ended December 31, 2011):
	For the year ended December 31, 2013:
	Current:
	United States
	Federal		$	920
	State			193
	Non-U.S.			17
	Current income tax provision		$	1,130
	Deferred:
	United States
	Federal		$	(790	)
	State			(106	)
	Non-U.S.			—
	Deferred income tax (benefit)			(896	)
	Total income tax provision		$	234
	For the year ended December 31, 2012:
	Current:
	United States
	Federal		$	—
	State			46
	Non-U.S.			—
	Current income tax provision		$	46
	Deferred:
	United States
	Federal		$	—
	State			—
	Non-U.S.			—
	Deferred income tax provision			—
	Total income tax provision		$	46
Components of Deferred Tax Assets and Liabilities	'
	The significant components of the Company’s deferred tax assets and liabilities at December 31, 2013 consisted of the following (the Company only had fully allowed for deferred tax assets at December 31, 2012 and had no deferred tax assets or liabilities at December 31, 2011):
	At December 31, 2013:
	Deferred tax assets:
	NOL carryforwards		$	25
	Accruals			999
	Total deferred tax assets		$	1,024
	Valuation allowance			—
	Net deferred tax assets		$	1,024
	Deferred tax liabilities:
	Interest rate derivatives		$	1,139
	Debt issuance costs			127
	Total deferred tax liabilities		$	1,266
	At December 31, 2012:
	Deferred tax assets:
	NOL carryforwards		$	1,188
	Interest rate derivatives			408
	Debt issuance costs			84
	Accruals			75
	Total deferred tax assets		$	1,755
	Valuation allowance			(1,755	)
	Net deferred tax assets		$	—
Reconciliation of Changes in Valuation Allowance	'
	Below is a reconciliation of the changes in our valuation allowance during 2013 and 2012:
			2013			2012
	Beginning balance		$	1,755		$	—
	Additions			—			1,755
	Release of NOL carryforwards			(1,755	)		—
	Ending balance		$	—		$	1,755
Reconciliations between Statutory U.S. Federal Income Tax Rate and Effective Rate on Income from Operations	'
	Reconciliations of the statutory U.S. federal income tax rate to the Company’s effective income tax rate for the years ended December 31, 2013 and 2012 are as follows:
	Year Ended December 31, 2013:
	Statutory rate			34	%
	State and local income taxes			0.1	%
	Benefit of Non-U.S. operations(1)			(32.9	%)
	Release of valuation allowance			(0.9	%)
	Other			(0.1	%)
	Effective tax rate per Consolidated Statements of Operations			0.2	%
	Year Ended December 31, 2012:
	Statutory rate			34	%
	State and local income taxes			(0.5	%)
	Benefit of Non-U.S. operations(1)			(38.3	%)
	Valuation allowance			5	%
	Effective tax rate per Consolidated Statements of Operations			0.2	%
	-1	The majority of our earnings are at Home Loan Servicing Solutions, Ltd., a Cayman Islands entity, which is not engaged in a U.S. trade or business and therefore is not subject to U.S. federal income taxation.

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2013
Transactions with Ocwen under Purchase Agreement	'
	The following table summarizes our transactions with Ocwen under the Purchase Agreement for the years ended December 31, 2013 and 2012:
			2013		2012
	Servicing fees collected		$	633,377	$	117,789
	Subservicing fee payable to Ocwen			317,702		50,173
	Net servicing fees retained by HLSS			315,675		67,616
	Reduction in Notes receivable – Rights to MSRs			69,812		12,917
			$	245,863	$	54,699
	Servicing advances purchased from Ocwen in the ordinary course of business		$	8,781,034	$	1,303,955
Receivable from and Payable to Related Parties	'
	The following table summarizes amounts receivable from and payable to related parties at the dates indicated:
			December 31,		December 31,
			2013		2012
	Servicing fees collected (1)		$	8,482	$	4,966
	Professional services (2)			655		1,322
	Advance collections (3)			60,239		21,265
	Other			673		718
	Receivables from Ocwen		$	70,049	$	28,271
	Subservicing fees payable (4)		$	8,114	$	890
	Professional services (2)			354		40
	Other (5)(6)			2,181		1,815
	Payables to Ocwen		$	10,649	$	2,745
	Payables to Altisource		$	83	$	129
	-1	Ocwen is required to remit to us servicing fees it collects on our behalf within two business days. The amount due from Ocwen at the dates indicated represents servicing fees collected but not remitted at the end of the month. We record servicing fee collections less the subservicing fee we pay to Ocwen as Interest income as shown in Note 10.
	-2	The respective amounts are for professional services provided to and provided by Ocwen.
	-3	Upon collection, Ocwen is contractually obligated to remit Match funded advance collections to pay down our Match funded liabilities. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of the dates indicated.
	-4	The base fee and performance fee, if any, that comprise the servicing fee expense are calculated and paid to Ocwen within three business days following the end of the month.
	-5	At December 31, 2013, we owed Ocwen for servicing advances made on our behalf of $1,867. We reimburse Ocwen for servicing advances on scheduled funding dates throughout each month of the year.
	-6	At December 31, 2012, we owed Ocwen $1,410 for certain purchase price adjustments pertaining to our December 26, 2012 asset purchase from Ocwen.

Subsequent_Events_Tables

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2013
Dividends Declared	'
	Record Date	Payment Date	Amount per
			Ordinary Share
	January 31, 2014	February 10, 2014	$0.15
	February 28, 2014	March 10, 2014	$0.15
	March 31, 2014	April 10, 2014	$0.15

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Loan
	Entity
Net Investment Income [Line Items]	'	'	'
Percentage of net income to be distributed as cash dividend in future	90.00%	'	'
Number of variable interest entities which company is the primary beneficiary	2	'	'
Maturity period of deposits with financial institution	'90 days and less	'	'
Percentage of servicing fee	12.00%	'	'
Basis point spread to calculate performance based incentive fee payable rate	'One month LIBOR + 275 bps	'	'
Percentage added to base rate for performance based incentive fee payable	2.75%	'	'
Number of advance loan rate types	6	'	'
Ordinary share equivalents or other securities that could potentially dilute basic earnings per share	0	0	0
Ocwen	'	'	'
Net Investment Income [Line Items]	'	'	'
Additional markup on actual cost incurred	15.00%	'	'

Summary_of_Assets_and_Liabilit

Summary of Assets and Liabilities of SPEs (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Financial Assets and Liabilities [Line Items]	'		'
Match funded advances	$6,387,781		$3,098,198
Related party receivables	70,049		28,271
Other assets	130,153		79,091
Total assets	7,327,963		3,585,313
Match funded liabilities	5,715,622	[1]	2,690,821
Other liabilities	11,884		4,233
Total liabilities	6,094,225		2,704,680
Variable Interest Entity, Primary Beneficiary	'		'
Financial Assets and Liabilities [Line Items]	'		'
Match funded advances	6,387,781		3,098,198
Related party receivables	60,239	[2]	21,265	[2]
Other assets	119,902	[3]	77,110	[3]
Total assets	6,567,922		3,196,573
Match funded liabilities	5,715,622		2,690,821
Other liabilities	4,673		2,203
Total liabilities	$5,720,295		$2,693,024
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.
[2]	Relates to collections made by Ocwen on outstanding Match funded advances. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of December 31, 2013 and 2012. See Note 14 for more information about our Related party receivables.
[3]	Other assets principally include debt service accounts and debt issuance costs. See Note 5 for more information about our Other assets.

Assets_Acquired_and_Liabilitie2

Assets Acquired and Liabilities Assumed - Additional Information (Detail) (USD $)

Mar. 05, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2012

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Purchase Agreement

Ocwen

Ocwen

Ocwen

Property

Mortgage Loans One

Mortgage Loans Two

Mortgage Loans Three

Mortgage Loans Four

Purchase Six

Purchase Seven

Purchase Eight

Purchase Nine

Purchase One

Purchase Two

Purchase Three

Purchase Four

Purchase Five

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Date of additional asset purchase supplement

'

'

'

'

'

'

13-Mar-13

21-May-13

1-Jul-13

25-Oct-13

1-May-12

1-Aug-12

13-Sep-12

28-Sep-12

26-Dec-12

'

'

'

Unpaid principal balance of assets purchased

$15,200,000,000

$67,500,000,000

$15,900,000,000

$10,600,000,000

$83,300,000,000

$9,900,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price on initial purchased assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4,257,121,000

$3,220,183,000

$138,792,000

Number of additional asset purchases

'

5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Summary_of_Purchase_Price_of_A

Summary of Purchase Price of Assets and Liabilities (Detail) (Ocwen, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Mar. 31, 2012
Business Acquisition [Line Items]	'		'		'
Other assets	'		$22,136	[1]	'
Notes receivable - Rights to MSRs	417,167		316,622		'
Other liabilities	'		-841	[1]	'
Net assets of Advance SPE	'		76,334		'
Purchase price	4,257,121		3,220,183		138,792
Amount due to Ocwen for post-closing adjustments	'		-1,410		'
Cash paid to settle previous post-close adjustments	1,410		'		'
Mortgage Servicing Rights	'		'		'
Business Acquisition [Line Items]	'		'		'
Match funded advances	3,839,954	[2]	2,827,227	[1]	'
Special Purpose Entities	'		'		'
Business Acquisition [Line Items]	'		'		'
Match funded advances	'		413,374	[1]	'
Advances To Suppliers	'		'		'
Business Acquisition [Line Items]	'		'		'
Total cash used	4,258,531		3,218,773		'
Match funded liabilities	'		-358,335	[1]	'
Sources Of Supply	'		'		'
Business Acquisition [Line Items]	'		'		'
Cash on-hand	807,268		824,446		'
Match funded liabilities	3,451,263		2,394,327		'
Initial purchase	'		'		'
Business Acquisition [Line Items]	'		'		'
Other assets	'		22,136	[1]	'
Notes receivable - Rights to MSRs	'		62,458		'
Other liabilities	'		-841	[1]	'
Net assets of Advance SPE	'		76,334		'
Purchase price	'		138,792		'
Initial purchase | Special Purpose Entities	'		'		'
Business Acquisition [Line Items]	'		'		'
Match funded advances	'		413,374	[1]	'
Initial purchase | Advances To Suppliers	'		'		'
Business Acquisition [Line Items]	'		'		'
Total cash used	'		138,792		'
Match funded liabilities	'		-358,335	[1]	'
Initial purchase | Sources Of Supply	'		'		'
Business Acquisition [Line Items]	'		'		'
Cash on-hand	'		138,792		'
Subsequent purchases	'		'		'
Business Acquisition [Line Items]	'		'		'
Notes receivable - Rights to MSRs	'		254,164		'
Purchase price	'		3,081,391		'
Amount due to Ocwen for post-closing adjustments	'		-1,410		'
Subsequent purchases | Mortgage Servicing Rights	'		'		'
Business Acquisition [Line Items]	'		'		'
Match funded advances	'		2,827,227	[1]	'
Subsequent purchases | Advances To Suppliers	'		'		'
Business Acquisition [Line Items]	'		'		'
Total cash used	'		3,079,981		'
Subsequent purchases | Sources Of Supply	'		'		'
Business Acquisition [Line Items]	'		'		'
Cash on-hand	'		685,654		'
Match funded liabilities	'		$2,394,327		'
[1]	The cash used to purchase these assets and assume these liabilities are shown net within the "Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable - Rights to MSRs" of the Consolidated Statement of Cash Flows.
[2]	The cash used to purchase these assets are shown within the "Acquisition of advances and other assets (net of liabilities assumed) in connection with the purchase of Notes receivable - Rights to MSRs" of the Consolidated Statement of Cash Flows.

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2013
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 3.75%
Percentage added to base rate for interest rate	3.75%
Minimum	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'
Discount rate of risk of earning of future income streams	15.00%
Mortgage loan prepayment rate	12.00%
Mortgage loan delinquency rate	15.00%
Maximum	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'
Discount rate of risk of earning of future income streams	22.00%
Mortgage loan prepayment rate	28.00%
Mortgage loan delinquency rate	35.00%

Fair_Value_and_Changes_in_Asse

Fair Value and Changes in Assets and Liabilities Measured on Recurring Basis (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Financial assets:	'		'
Derivative financial instruments	$3,835	[1]	'
Fair Value	'		'
Financial assets:	'		'
Total financial assets	6,387,781		3,098,198
Financial liabilities:	'		'
Total financial liabilities	6,047,325		2,697,840
Recurring, Fair Value | Fair Value	'		'
Financial assets:	'		'
Notes receivable - Rights to MSRs	651,060		303,705
Derivative financial instruments	3,835		'
Total financial assets	654,895		303,705
Financial liabilities:	'		'
Derivative financial instruments	529		1,076
Total financial liabilities	529		1,076
Recurring, Fair Value | Fair Value | Level 3	'		'
Financial assets:	'		'
Notes receivable - Rights to MSRs	651,060		303,705
Derivative financial instruments	3,835		'
Total financial assets	654,895		303,705
Financial liabilities:	'		'
Derivative financial instruments	529		1,076
Total financial liabilities	$529		$1,076
[1]	See Notes 1, 3 and 9 for more information regarding our use of derivatives.

Reconciliation_of_Changes_in_F

Reconciliation of Changes in Fair Value (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Notes Receivable - Rights to MSRs	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'		'
Beginning balance	$303,705		'
Purchases and reductions:	'		'
Purchases	417,167		316,622
Reductions	-69,812		-12,917
Total	347,355		303,705
Changes in fair value :	'		'
Included in net income	'		'
Transfers in or out of Level 3	'		'
Ending balance	651,060		303,705
Derivative Financial Instruments	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'		'
Beginning balance	-1,076		'
Changes in fair value :	'		'
Included in net income	'		'
Included in other comprehensive income(loss)	4,382	[1]	-1,076	[1]
Total	4,382		-1,076
Transfers in or out of Level 3	'		'
Ending balance	$3,306		($1,076)
[1]	These pre-tax gains (losses) are attributable to derivatives still held at December 31, 2013 and 2012.

Effect_on_Fair_Value_of_Note_R

Effect on Fair Value of Note Receivable - Rights to MSRs (Detail) (Notes Receivable - Rights to MSRs, USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Notes Receivable - Rights to MSRs	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Discount Rates 100 bps adverse change	($13,343)	($11,786)
Prepayment Speeds 10% adverse change	-23,152	-15,470
Delinquency Rates 10% adverse change	($74,539)	($45,540)

Quantitative_Information_on_Si

Quantitative Information on Significant Observable Inputs Used for Valuing Note Receivable - Rights to MSRs (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Minimum	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Discount Rates	15.00%	'
Prepayment Speeds	12.00%	'
Delinquency Rates	15.00%	'
Maximum	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Discount Rates	22.00%	'
Prepayment Speeds	28.00%	'
Delinquency Rates	35.00%	'
Notes Receivable - Rights to MSRs	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Weighted Average - Discount Rates	20.00%	20.00%
Weighted Average - Prepayment Speeds	19.00%	19.00%
Weighted Average - Delinquency Rates	25.00%	29.00%
Notes Receivable - Rights to MSRs | Minimum	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Discount Rates	15.00%	15.00%
Prepayment Speeds	12.00%	12.00%
Delinquency Rates	15.00%	15.00%
Notes Receivable - Rights to MSRs | Maximum	'	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'
Discount Rates	22.00%	22.00%
Prepayment Speeds	28.00%	27.00%
Delinquency Rates	35.00%	35.00%

Carrying_Values_and_Fair_Value

Carrying Values and Fair Value Estimates of Financial Instruments Not Carried at Fair Value (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Financial assets:	'		'
Match funded advances	$6,387,781		$3,098,198
Financial liabilities:	'		'
Match funded liabilities	5,715,622	[1]	2,690,821
Other borrowings	343,386		'
Carrying Value	'		'
Financial assets:	'		'
Match funded advances	6,387,781		3,098,198
Total financial assets	6,387,781		3,098,198
Financial liabilities:	'		'
Match funded liabilities	5,715,622		2,690,821
Other borrowings	343,386		'
Total financial liabilities	6,059,008		2,690,821
Fair Value	'		'
Financial assets:	'		'
Match funded advances	6,387,781		3,098,198
Total financial assets	6,387,781		3,098,198
Financial liabilities:	'		'
Match funded liabilities	5,700,934		2,697,840
Other borrowings	346,391		'
Total financial liabilities	$6,047,325		$2,697,840
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.

Match_Funded_Advances_on_Resid

Match Funded Advances on Residential Loans (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'	'
Match funded advances	$6,387,781	$3,098,198
Variable Interest Entities	'	'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'	'
Principal and interest advances	2,632,092	1,231,471
Taxes and insurance advances	2,723,390	1,399,813
Corporate advances	1,032,299	466,914
Match funded advances	$6,387,781	$3,098,198

Other_Assets_Detail

Other Assets (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Schedule of Other Assets [Line Items]	'		'
Debt service accounts	$103,910	[1]	$67,776	[1]
Debt issuance costs	21,165	[2]	9,278	[2]
Interest-earning collateral deposits	1,075	[3]	1,904	[3]
Derivative financial instruments	3,835	[4]	'
Other	168		133
Total	$130,153		$79,091
[1]	Under our advance financing facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. We do not use the collected funds to reduce the related Match funded liabilities until the payment dates specified in the indenture. The balance also includes amounts that we set aside to provide for possible shortfalls in the funds available to pay certain expenses and interest.
[2]	Costs relate to Match funded liabilities and Other borrowings. We amortize these costs to the earlier of the scheduled amortization date, contractual maturity date or prepayment date of the debt.
[3]	Represents cash collateral held by our counterparty as part of our interest rate swap agreements.
[4]	See Notes 1, 3 and 9 for more information regarding our use of derivatives.

Other_Assets_Parenthetical_Det

Other Assets (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2013
Schedule of Other Assets [Line Items]	'
Period to remit collections on pledged advances to the trustee	'2 days

Match_Funded_Liabilities_Detai

Match Funded Liabilities (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	3.75%		'
Debt Instrument, Unused Borrowing Capacity, Amount	$727,878		'
Ending Balance	5,715,622	[1]	2,690,821
Variable Interest Entities	'		'
Debt Instrument [Line Items]	'		'
Debt Instrument, Unused Borrowing Capacity, Amount	727,878	[2]	'
Ending Balance	5,715,622	[3],[4],[5],[6],[7]	2,690,821
Variable Interest Entities | Series 2012 T1 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'134 - 396 bps	[8],[9]	'
Debt instrument, maturity date	1-Oct-43	[10],[8]	'
Debt instrument, amortization date	'2013-10	[10],[8]	'
Ending Balance	'		250,000	[8]
Variable Interest Entities | Series 2012 T1 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.34%	[8]	'
Variable Interest Entities | Series 2012 T1 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	3.96%	[8]	'
Variable Interest Entities | Series 2012 T2 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'199 - 494 bps	[8],[9]	'
Debt instrument, maturity date	1-Oct-45	[10],[8]	'
Debt instrument, amortization date	'2015-10	[10],[8]	'
Ending Balance	450,000	[3],[4],[5],[6],[7],[8]	450,000	[8]
Variable Interest Entities | Series 2012 T2 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.99%	[8]	'
Variable Interest Entities | Series 2012 T2 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	4.94%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 1	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'90 - 249 bps	[8],[9]	'
Debt instrument, maturity date	1-Jan-44	[10],[8]	'
Debt instrument, amortization date	'2014-01	[10],[8]	'
Ending Balance	650,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 1 | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	0.90%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 1 | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.49%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 2	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'150 - 323 bps	[8],[9]	'
Debt instrument, maturity date	1-Jan-46	[10],[8]	'
Debt instrument, amortization date	'2016-01	[10],[8]	'
Ending Balance	350,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 2 | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.50%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 2 | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	3.23%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 3	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'229 - 446 bps	[8],[9]	'
Debt instrument, maturity date	1-Jan-48	[10],[8]	'
Debt instrument, amortization date	'2018-01	[10],[8]	'
Ending Balance	150,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 3 | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.29%	[8]	'
Variable Interest Entities | Series 2013 T1 Term Notes | Group 3 | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	4.46%	[8]	'
Variable Interest Entities | Series 2013 T2 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'115 - 239 bps	[8],[9]	'
Debt instrument, maturity date	1-May-44	[10],[8]	'
Debt instrument, amortization date	'2015-05	[10],[8]	'
Ending Balance	375,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T2 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.15%	[8]	'
Variable Interest Entities | Series 2013 T2 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.39%	[8]	'
Variable Interest Entities | Series 2013 T3 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'179 - 313 bps	[8],[9]	'
Debt instrument, maturity date	1-May-46	[10],[8]	'
Debt instrument, amortization date	'2017-05	[10],[8]	'
Ending Balance	475,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T3 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.79%	[8]	'
Variable Interest Entities | Series 2013 T3 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	3.13%	[8]	'
Variable Interest Entities | Series 2013 T4 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'118 - 232 bps	[8],[9]	'
Debt instrument, maturity date	1-Aug-44	[10],[8]	'
Debt instrument, amortization date	'2014-08	[10],[8]	'
Ending Balance	200,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T4 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.18%	[8]	'
Variable Interest Entities | Series 2013 T4 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.32%	[8]	'
Variable Interest Entities | Series 2013 T5 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'198 - 331 bps	[8],[9]	'
Debt instrument, maturity date	1-Aug-46	[10],[8]	'
Debt instrument, amortization date	'2016-08	[10],[8]	'
Ending Balance	200,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T5 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.98%	[8]	'
Variable Interest Entities | Series 2013 T5 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	3.31%	[8]	'
Variable Interest Entities | Series 2013 T6 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'129 - 223 bps	[8],[9]	'
Debt instrument, maturity date	1-Sep-44	[10],[8]	'
Debt instrument, amortization date	'2014-09	[10],[8]	'
Ending Balance	350,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T6 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.29%	[8]	'
Variable Interest Entities | Series 2013 T6 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.23%	[8]	'
Variable Interest Entities | Series 2013 T7 Term Notes	'		'
Debt Instrument [Line Items]	'		'
Interest rate to calculate the cost of servicing advances	'198 - 302 bps	[8],[9]	'
Debt instrument, maturity date	1-Nov-46	[10],[8]	'
Debt instrument, amortization date	'2016-11	[10],[8]	'
Ending Balance	300,000	[3],[4],[5],[6],[7],[8]	'
Variable Interest Entities | Series 2013 T7 Term Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	1.98%	[8]	'
Variable Interest Entities | Series 2013 T7 Term Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Interest rate	3.02%	[8]	'
Variable Interest Entities | Series 2012 VF 1 Notes	'		'
Debt Instrument [Line Items]	'		'
Debt instrument, maturity date	1-Aug-44	[10],[11],[8]	'
Debt instrument, amortization date	'2014-08	[10],[11],[8]	'
Debt Instrument, Unused Borrowing Capacity, Amount	230,950	[11],[2],[8]	'
Ending Balance	469,050	[11],[3],[4],[5],[6],[7],[8]	339,465	[11],[8]
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 110 - 340 bps	[11],[8],[9]	'
Variable Interest Entities | Series 2012 VF 1 Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	1.10%	[11],[8]	'
Variable Interest Entities | Series 2012 VF 1 Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	3.40%	[11],[8]	'
Variable Interest Entities | Series 2012 VF 2 Notes	'		'
Debt Instrument [Line Items]	'		'
Debt instrument, maturity date	1-Aug-44	[10],[11],[8]	'
Debt instrument, amortization date	'2014-08	[10],[11],[8]	'
Debt Instrument, Unused Borrowing Capacity, Amount	230,950	[11],[2],[8]	'
Ending Balance	469,050	[11],[3],[4],[5],[6],[7],[8]	678,928	[11],[8]
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 110 - 340 bps	[11],[8],[9]	'
Variable Interest Entities | Series 2012 VF 2 Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	1.10%	[11],[8]	'
Variable Interest Entities | Series 2012 VF 2 Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	3.40%	[11],[8]	'
Variable Interest Entities | Series 2013 VF 3 Notes	'		'
Debt Instrument [Line Items]	'		'
Debt instrument, maturity date	1-Aug-44	[10],[11],[8]	'
Debt instrument, amortization date	'2014-08	[10],[11],[8]	'
Debt Instrument, Unused Borrowing Capacity, Amount	230,950	[11],[2],[8]	'
Ending Balance	469,050	[11],[3],[4],[5],[6],[7],[8]	678,928	[11],[8]
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 110 - 340 bps	[11],[8],[9]	'
Variable Interest Entities | Series 2013 VF 3 Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	1.10%	[11],[8]	'
Variable Interest Entities | Series 2013 VF 3 Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	3.40%	[11],[8]	'
Variable Interest Entities | Series 2013 VF 1 Notes	'		'
Debt Instrument [Line Items]	'		'
Debt instrument, maturity date	1-Feb-44	[10],[12],[8]	'
Debt instrument, amortization date	'2014-02	[10],[12],[8]	'
Debt Instrument, Unused Borrowing Capacity, Amount	35,028	[12],[2],[8]	'
Ending Balance	514,972	[12],[3],[4],[5],[6],[7],[8]	'
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 195 - 290 bps	[12],[8],[9]	'
Variable Interest Entities | Series 2013 VF 1 Notes | Minimum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	1.95%	[8]	'
Variable Interest Entities | Series 2013 VF 1 Notes | Maximum	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	2.90%	[8]	'
Variable Interest Entities | Class A Term Money Market Fund Note	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	0.20%	[8]	'
Debt instrument, maturity date	1-Sep-14	[10],[13],[8]	'
Debt instrument, amortization date	'2014-01	[10],[13],[8]	'
Ending Balance	265,000	[13],[3],[4],[5],[6],[7],[8]	183,462	[13],[8]
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 20 bps	[13],[8],[9]	'
Variable Interest Entities | Class A Draw Money Market Fund Note	'		'
Debt Instrument [Line Items]	'		'
Percentage added to base rate for interest rate	1.10%	[8]	'
Debt instrument, maturity date	1-Sep-44	[10],[13],[8]	'
Debt instrument, amortization date	'2014-09	[10],[13],[8]	'
Ending Balance	'		81,538	[13],[8]
Interest rate to calculate the cost of servicing advances	'1-Month LIBOR + 110 bps	[13],[8],[9]	'
Variable Interest Entities | Class B Term Money Market Fund Note	'		'
Debt Instrument [Line Items]	'		'
Interest rate	2.75%	[8]	'
Interest rate to calculate the cost of servicing advances	'275 bps	[8],[9]	'
Debt instrument, maturity date	1-Sep-44	[10],[8]	'
Debt instrument, amortization date	'2014-09	[10],[8]	'
Ending Balance	$28,500	[3],[4],[5],[6],[7],[8]	$28,500	[8]
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.
[2]	Our unused borrowing capacity is available to us if we have additional eligible collateral to pledge and meet other borrowing conditions. We pay a 0.50% or 0.75% fee on the unused borrowing capacity which varies by facility.
[3]	On May 21, 2013, we completed the issuance of $375,000 of two-year and $475,000 of four-year term notes.
[4]	On August 8, 2013, we completed the issuance of $200,000 of one-year and $200,000 of three-year term notes.
[5]	On September 18, 2013, we completed the issuance of a $350,000 one-year term note.
[6]	On January 22, 2013, we completed the issuance of $650,000 of one-year, $350,000 of three-year and $150,000 of five-year term notes.
[7]	On November 26, 2013, we completed the issuance of a $300,000 three-year term note.
[8]	Each term note and variable funding note issuance has four classes, an A, B, C, and D class.
[9]	The weighted average interest rate at December 31, 2013 was 1.64%. We pay interest monthly.
[10]	The maturity date is the due date for all outstanding balances. The amortization date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. If an advance facility note is not refinanced on the amortization date, all collections that represent the repayment of advances pledged to the facilities must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed. To the extent that we have sufficient unused borrowing capacity on our Variable Funding Notes, we can use such excess capacity to finance additional Match funded advances rather than extending or refinancing a term note that has reached the amortization date.
[11]	These Variable Funding Notes were amended during August 2013 to extend the amortization date and maturity date by a year and resulted in new interest rate spreads compared to December 31, 2012. Variable Funding Note balances fluctuate based on Match funded advance activity and our ability to issue fixed rate term notes.
[12]	On July 1, 2013, we issued a new Variable Funding Note series as part of the Follow On 3 acquisition.
[13]	The Class A Term Money Market Fund Note and Class A Draw Money Market Fund Note have a combined maximum borrowing capacity of $265,000. By design, the Class A Term Money Market Fund Note balance is reduced at scheduled times and there is an equally offsetting increase to the Class A Draw Money Market Fund Note. The combined balance of these notes was equal to $265,000 at December 31, 2013 and 2012. On September 26, 2013, we placed a new Money Market Fund Note at a reduced interest rate and amended the related Money Market Fund Draw Note to reduce the interest rate. The amortization date for the Class A Term Money Market Fund Note represents the commencement date for scheduled repayments.

Match_Funded_Liabilities_Paren

Match Funded Liabilities (Parenthetical) (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 18, 2013

Aug. 08, 2013

Jan. 22, 2013

Nov. 26, 2013

Aug. 08, 2013

Jan. 22, 2013

Jan. 22, 2013

21-May-13

21-May-13

In Thousands, unless otherwise specified

Minimum

Maximum

One-Year Term Notes

One-Year Term Notes

One-Year Term Notes

Three-Year Term Notes

Three-Year Term Notes

Three-Year Term Notes

Five-year term notes

Term Note Two

Term Note Four

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average interest rate

1.64%

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of fee on the unused borrowing

'

'

0.50%

0.75%

'

'

'

'

'

'

'

'

'

Debt instrument issuance

'

'

'

'

$350,000

$200,000

$650,000

$300,000

$200,000

$350,000

$150,000

$375,000

$475,000

Maturity period for note

'

'

'

'

'1 year

'1 year

'1 year

'3 years

'3 years

'3 years

'5 years

'2 years

'4 years

Combined maximum borrowing capacity

$265,000

$265,000

'

'

'

'

'

'

'

'

'

'

'

Match_Funded_Liabilities_Addit

Match Funded Liabilities - Additional Information (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'
Unused borrowing capacity	$727,878

Analysis_of_Borrowing_by_Matur

Analysis of Borrowing by Maturity (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Long Term Debt Maturities Repayments Of Principal [Line Items]	'		'
2014	$3,415,622	[1]	'
2015	825,000	[1]	'
2016	850,000	[1]	'
2017	475,000	[1]	'
2018	150,000	[1]	'
Total	$5,715,622	[1]	$2,690,821
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.

Other_Borrowings_Detail

Other Borrowings (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'
Other borrowings	$343,386
Senior Secured Term Loan Facility	'
Debt Instrument [Line Items]	'
Other borrowings	$343,386	[1]
[1]	On June 27, 2013, we entered into a $350,000 senior secured term loan facility. The senior secured term loan facility has an expected maturity date of June 27, 2020 and an interest rate of 3.50% plus one month LIBOR, with a 1.00% LIBOR floor. As of December 31, 2013, the interest rate on our senior secured term loan facility was 4.50%. The senior secured term loan was issued at a discount to par and had a carrying value of $343,386 at December 31, 2013 which reflects an original issue discount of $5,250 that is being accreted into interest expense over the life of the borrowing.

Other_Borrowings_Parenthetical

Other Borrowings (Parenthetical) (Detail) (USD $)	12 Months Ended	1 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Jun. 27, 2013	Dec. 31, 2013
		Senior Secured Term Loan Facility	Senior Secured Term Loan Facility
Debt Instrument [Line Items]	'	'	'
Debt instrument face amount	'	$350,000	'
Debt instrument, maturity date	'	27-Jun-20	'
Interest rate, description	'	'An interest rate of 3.50% plus one month LIBOR, with a 1.00% LIBOR floor.	'
Percentage added to base rate for interest rate	3.75%	3.50%	'
Floor of LIBOR	'	1.00%	'
Debt instrument, interest rate	'	'	4.50%
Debt instrument carrying amount	343,386	'	343,386	[1]
Debt instrument discount amount	'	'	$5,250
[1]	On June 27, 2013, we entered into a $350,000 senior secured term loan facility. The senior secured term loan facility has an expected maturity date of June 27, 2020 and an interest rate of 3.50% plus one month LIBOR, with a 1.00% LIBOR floor. As of December 31, 2013, the interest rate on our senior secured term loan facility was 4.50%. The senior secured term loan was issued at a discount to par and had a carrying value of $343,386 at December 31, 2013 which reflects an original issue discount of $5,250 that is being accreted into interest expense over the life of the borrowing.

Other_Borrowings_Additional_In

Other Borrowings - Additional Information (Detail)	Dec. 31, 2013
Debt to tangible equity ratio	600.00%
Borrowing base coverage ratio	150.00%

Analysis_of_Borrowing_by_Matur1

Analysis of Borrowing by Maturity - Senior Secured Term Loan Facility (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Long Term Debt Maturities Repayments Of Principal [Line Items]	'
2014	$3,415,622	[1]
2015	825,000	[1]
2016	850,000	[1]
2017	475,000	[1]
Senior Secured Term Loan Facility	'
Long Term Debt Maturities Repayments Of Principal [Line Items]	'
2014	3,500
2015	3,500
2016	3,500
2017	3,500
2018 and thereafter	334,250
Total	$348,250
[1]	The expected maturity date is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended.

Increases_in_Number_of_Ordinar

Increases in Number of Ordinary Shares (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
Stockholders Equity Note [Line Items]	'	'	'
Ordinary shares issued - beginning balance	55,884,718	20,000	20,000
Issuance of new ordinary shares	15,132,053	55,864,718	'
Ordinary shares issued - ending balance	71,016,771	55,884,718	20,000

Ordinary_Shares_Additional_Inf

Ordinary Shares - Additional Information (Detail) (USD $)

12 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Mar. 05, 2012

Mar. 05, 2012

Apr. 02, 2012

Jun. 26, 2013

Jan. 22, 2013

Jun. 26, 2013

Sep. 12, 2012

Dec. 24, 2012

Initial Public Offering

Private Placement

Issuance of Additional Ordinary Shares under the IPO

Underwriters Exercise Of Overallotment Option

Underwriters Exercise Of Overallotment Option

Underwriters Exercise Of Overallotment Option

First Follow on Public Offering

Second Follow on Public Offering

Additional issued

Subsidiary, Sale of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Number of ordinary shares issued

15,132,053

55,864,718

'

'

13,333,333

714,285

129,600

13,000,000

970,578

1,161,475

'

'

Total gross proceeds

$333,551

$879,852

'

'

$186,667

$10,000

$1,814

$325,714

'

'

$249,909

$480,700

Net proceeds received

$334,390

$885,457

'

'

$170,486

'

$1,577

$315,918

$17,633

'

$236,034

$462,261

Common stock, shares issued

71,016,771

55,884,718

20,000

20,000

'

'

'

'

'

'

16,387,500

25,300,000

Ordinary shares underwriters Over-allotment exercisable

'

'

'

'

'

'

'

'

'

'

2,137,500

3,795,000

Interest_Rate_Swaps_Detail

Interest Rate Swaps (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Derivatives, Fair Value [Line Items]	'		'
Total asset derivatives, Notional Amount	$515,065		'
Total asset derivatives, Fair Value	3,835		'
Total liability derivatives, Notional Amount	438,130		414,631
Total liability derivatives, Fair Value	529		1,076
Designated as Hedges	'		'
Derivatives, Fair Value [Line Items]	'		'
Total asset derivatives, Notional Amount	515,065		'
Total liability derivatives, Notional Amount	438,130		414,631
Total liability derivatives, Fair Value	529		1,076
Total asset derivatives, Fair Value	3,835		'
Designated as Hedges | Other Assets | Interest Rate Swap 4	'		'
Derivatives, Fair Value [Line Items]	'		'
Total asset derivatives, Notional Amount	177,056	[1],[2]	'
Total asset derivatives, Fair Value	1,084	[1],[2]	'
Date Opened	15-Sep-12	[1],[2]	'
Effective Date	15-Sep-12	[1],[2],[3]	'
Maturity	15-Aug-17	[1],[2]	'
We Pay	0.52%	[1],[2]	'
We Receive	'1-Month LIBOR	[1],[2]	'
Designated as Hedges | Other Assets | Interest Rate Swap 5	'		'
Derivatives, Fair Value [Line Items]	'		'
Total asset derivatives, Notional Amount	338,009	[1],[2]	'
Total asset derivatives, Fair Value	2,751	[1],[2]	'
Date Opened	15-Jan-13	[1],[2]	'
Effective Date	15-Jan-16	[1],[2],[3]	'
Maturity	15-Dec-17	[1],[2]	'
We Pay	1.40%	[1],[2]	'
We Receive	'1-Month LIBOR	[1],[2]	'
Designated as Hedges | Other Liabilities | Interest Rate Swap 1	'		'
Derivatives, Fair Value [Line Items]	'		'
Total liability derivatives, Notional Amount	102,522	[1],[2]	147,351	[2]
Total liability derivatives, Fair Value	364	[1],[2]	759	[2]
Date Opened	15-Mar-12	[1],[2]	15-Mar-12	[2]
Effective Date	15-Mar-12	[1],[2],[3]	15-Mar-12	[2],[3]
Maturity	15-Mar-16	[1],[2]	15-Mar-16	[2]
We Pay	0.63%	[1],[2]	0.63%	[2]
We Receive	'1-Month LIBOR	[1],[2]	'1-Month LIBOR	[2]
Designated as Hedges | Other Liabilities | Interest Rate Swap 2	'		'
Derivatives, Fair Value [Line Items]	'		'
Total liability derivatives, Notional Amount	28,565	[1],[2]	44,221	[2]
Total liability derivatives, Fair Value	25	[1],[2]	174	[2]
Date Opened	15-May-12	[1],[2]	15-May-12	[2]
Effective Date	15-May-12	[1],[2],[3]	15-May-12	[2],[3]
Maturity	15-May-16	[1],[2]	15-May-16	[2]
We Pay	0.61%	[1],[2]	0.61%	[2]
We Receive	'1-Month LIBOR	[1],[2]	'1-Month LIBOR	[2]
Designated as Hedges | Other Liabilities | Interest Rate Swap 3	'		'
Derivatives, Fair Value [Line Items]	'		'
Total liability derivatives, Notional Amount	307,043	[1],[2]	223,059	[2]
Total liability derivatives, Fair Value	$140	[1],[2]	$143	[2]
Date Opened	15-Jan-13	[1],[2]	15-Sep-12	[2]
Effective Date	15-Jan-14	[1],[2],[3]	15-Sep-12	[2],[3]
Maturity	15-Jul-14	[1],[2]	15-Aug-17	[2]
We Pay	0.34%	[1],[2]	0.52%	[2]
We Receive	'1-Month LIBOR	[1],[2]	'1-Month LIBOR	[2]
[1]	Projected net settlements for the next twelve months total approximately $1,118 of payments to our counterparties.
[2]	There was an unrealized pre-tax gain of $4,382 related to our interest rate swaps included in AOCI for the year ended December 31, 2013, and an unrealized pre-tax loss of $1,076 related to our interest rate swaps included in AOCI for the year ended December 31, 2012. Given the current and expected effectiveness of our hedging arrangements, we do not expect any reclassifications from AOCI into earnings associated with hedging ineffectiveness related to these hedging arrangements during the next twelve months.
[3]	The effective date of the swap is the date from which monthly net settlements begin to be computed.

Derivative_Financial_Instrumen2

Derivative Financial Instruments - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
In Thousands, unless otherwise specified	Cash Flow Hedging	Cash Flow Hedging	Interest Rate Swap
Derivatives, Fair Value [Line Items]	'	'	'
Interest rate swaps to hedge against the effects of a change	'	'	'1-Month LIBOR
Cash collateral right to reclaim of hedge agreements	$1,075	$1,904	'
Cash collateral obligated to return of hedge agreements	$3,500	$1,904	'

Interest_Rate_Swaps_Parentheti

Interest Rate Swaps (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]	'	'
Projected cash flow hedge	$1,118	'
Unrealized gains (losses) related to interest rate swap included in other comprehensive income	$4,382	($1,076)

Summarization_of_Use_of_Deriva

Summarization of Use of Derivative (Detail) (Interest Rate Swap, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Interest Rate Swap	'	'
Derivatives, Fair Value [Line Items]	'	'
Notional beginning balance	$414,631	'
Additions	645,052	534,946
Maturities	'	'
Terminations	'	'
Amortization	106,488	120,315
Notional ending balance	$953,195	$414,631

Calculation_of_Interest_Income

Calculation of Interest Income on Notes Receivable (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Interest Income And Other Income Net [Line Items]	'	'
Servicing fees collected	$633,377	$117,789
Subservicing fee payable to Ocwen	317,702	50,173
Net servicing fees retained by HLSS	315,675	67,616
Reduction in Notes receivable - Rights to MSRs	69,812	12,917
Total	$245,863	$54,699

Interest_Income_Other_Detail

Interest Income Other (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Interest and Other Income [Line Items]	'	'
Interest income other	$2,195	$109
Custodial account interest	'	'
Interest and Other Income [Line Items]	'	'
Interest income other	1,819	'
Operating account interest	'	'
Interest and Other Income [Line Items]	'	'
Interest income other	$376	$109

Components_of_Interest_Expense

Components of Interest Expense (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Interest Expense [Line Items]	'	'
Match funded liabilities	$83,137	$16,158
Other borrowings	8,627	'
Amortization of debt issuance costs	16,950	6,960
Interest rate swaps	1,357	939
Interest expense	$110,071	$24,057

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule Of Income Tax [Line Items]	'	'	'
Effective income tax rate	0.20%	0.20%	0.00%
Tax Credit Carryforward	$0	$0	$0
Release of Valuation Allowance	-1,755,000	'	'
U.S. federal	'	'	'
Schedule Of Income Tax [Line Items]	'	'	'
NOL carryforwards	0	2,827,000	0
Operating loss carryforward expiration date	'Begin to expire in 2032	'	'
State and Local Jurisdiction	'	'	'
Schedule Of Income Tax [Line Items]	'	'	'
NOL carryforwards	$3,816,000	$3,776,000	$0
Operating loss carryforward expiration date	'Begin to expire in 2022	'	'

Sources_of_Income_loss_Before_

Sources of Income (loss) Before Income Taxes (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Income Before Income Tax [Line Items]	'	'	'
U.S. operations	$4,057	($3,430)	($1)
Non-U.S. operations	123,871	30,347	-272
Total	$127,928	$26,917	($273)

Provision_for_Income_Taxes_Det

Provision for Income Taxes (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current:	'	'
Federal	$920	'
State	193	46
Non-U.S.	17	'
Current income tax provision	1,130	46
Deferred:	'	'
Federal	-790	'
State	-106	'
Non-U.S.	'	'
Deferred income tax (benefit)	-896	'
Total income tax provision	$234	$46

Net_Deferred_Tax_Recognized_De

Net Deferred Tax Recognized (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Deferred tax assets:	'	'
NOL carryforwards	$25	$1,188
Interest rate derivatives	'	408
Debt issuance costs	'	84
Accruals	999	75
Total deferred tax assets	1,024	1,755
Valuation allowance	'	-1,755
Net deferred tax assets	1,024	'
Deferred tax liabilities:	'	'
Interest rate derivatives	1,139	'
Debt issuance costs	127	'
Deferred tax liabilities	$1,266	'

Reconciliation_of_Changes_in_V

Reconciliation of Changes in Valuation Allowance (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Valuation Allowance [Line Items]	'	'
Beginning balance	$1,755	'
Additions	'	1,755
Release of NOL carryforwards	-1,755	'
Ending balance	'	$1,755

Reconciliations_Between_Statut

Reconciliations Between Statutory Rate and Effective Rate on Income from Operation (Detail)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Schedule of Effective Tax Rate Reconciliation [Line Items]	'		'		'
Statutory rate	34.00%		34.00%		'
State and local income taxes	0.10%		-0.50%		'
Benefit of Non-U.S. operations	-32.90%	[1]	-38.30%	[1]	'
Release of valuation allowance	-0.90%		5.00%		'
Other	-0.10%		'		'
Effective tax rate per Consolidated Statements of Operations	0.20%		0.20%		0.00%
[1]	The majority of our earnings are at Home Loan Servicing Solutions, Ltd., a Cayman Islands entity, which is not engaged in a U.S. trade or business and therefore is not subject to U.S. federal income taxation.

Business_Segment_Reporting_Add

Business Segment Reporting - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2013
	Segment
Segment Reporting Information [Line Items]	'
Reportable business segment	1

Transactions_with_Ocwen_under_

Transactions with Ocwen under Purchase Agreement (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Servicing fees collected	$633,377	$117,789
Subservicing fee payable to Ocwen	317,702	50,173
Net servicing fees retained by HLSS	315,675	67,616
Reduction in Notes receivable - Rights to MSRs	69,812	12,917
Interest income - notes receivable - Rights to MSRs	245,863	54,699
Servicing advances purchased from Ocwen in the ordinary course of business	$8,781,034	$1,303,955

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Related Party Transaction [Line Items]	'		'
Servicing advance collections, due from Ocwen	$70,049		$28,271
Professional services fee earned	1,811		2,316
Ocwen	'		'
Related Party Transaction [Line Items]	'		'
Servicing fees not yet remitted	8,482	[1]	4,966	[1]
Subservicing fee owed to Ocwen	8,114	[2]	890	[2]
Servicing advance collections, due from Ocwen	60,239	[3]	21,265	[3]
Professional services fee earned	1,811		2,316
Professional services fee incurred	555		100
Ocwen | Due from Related Party	'		'
Related Party Transaction [Line Items]	'		'
Service fees with related parties	655		1,322
Ocwen | Due to Related Party	'		'
Related Party Transaction [Line Items]	'		'
Service fees with related parties	354		40
Altisource	'		'
Related Party Transaction [Line Items]	'		'
Professional services fee incurred	$845		$655
[1]	Ocwen is required to remit to us servicing fees it collects on our behalf within two business days. The amount due from Ocwen at the dates indicated represents servicing fees collected but not remitted at the end of the month. We record servicing fee collections less the subservicing fee we pay to Ocwen as Interest income as shown in Note 10.
[2]	The base fee and performance fee, if any, that comprise the servicing fee expense are calculated and paid to Ocwen within three business days following the end of the month.
[3]	Upon collection, Ocwen is contractually obligated to remit Match funded advance collections to pay down our Match funded liabilities. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of the dates indicated.

Receivable_from_and_Payable_to

Receivable from and Payable to Related Parties (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Related Party Transaction [Line Items]	'		'
Advance collections	$70,049		$28,271
Ocwen	'		'
Related Party Transaction [Line Items]	'		'
Servicing fees collected	8,482	[1]	4,966	[1]
Professional services	655	[2]	1,322	[2]
Advance collections	60,239	[3]	21,265	[3]
Other	673		718
Receivables from Ocwen	70,049		28,271
Subservicing fees payable	8,114	[4]	890	[4]
Professional services	354	[2]	40	[2]
Other	2,181	[5],[6]	1,815	[5],[6]
Payables to related party	10,649		2,745
Altisource	'		'
Related Party Transaction [Line Items]	'		'
Payables to related party	$83		$129
[1]	Ocwen is required to remit to us servicing fees it collects on our behalf within two business days. The amount due from Ocwen at the dates indicated represents servicing fees collected but not remitted at the end of the month. We record servicing fee collections less the subservicing fee we pay to Ocwen as Interest income as shown in Note 10.
[2]	The respective amounts are for professional services provided to and provided by Ocwen.
[3]	Upon collection, Ocwen is contractually obligated to remit Match funded advance collections to pay down our Match funded liabilities. This receivable represents the portion of Match funded advance collections that were in-transit to pay down our Match funded liabilities as of the dates indicated.
[4]	The base fee and performance fee, if any, that comprise the servicing fee expense are calculated and paid to Ocwen within three business days following the end of the month.
[5]	At December 31, 2013, we owed Ocwen for servicing advances made on our behalf of $1,867. We reimburse Ocwen for servicing advances on scheduled funding dates throughout each month of the year.
[6]	At December 31, 2012, we owed Ocwen $1,410 for certain purchase price adjustments pertaining to our December 26, 2012 asset purchase from Ocwen.

Receivable_from_and_Payable_to1

Receivable from and Payable to Related Parties (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Related Party Transaction [Line Items]	'		'
Period for related party to remit collections	'2 days		'
Ocwen	'		'
Related Party Transaction [Line Items]	'		'
Period to forward servicing fees collected on the Company's behalf by Ocwen	'3 days		'
Servicing advances	$2,181	[1],[2]	$1,815	[1],[2]
Ocwen | Due to Related Party	'		'
Related Party Transaction [Line Items]	'		'
Purchase price adjustments pertaining to asset purchases	'		1,410
Servicing Advances Member | Ocwen | Due to Related Party	'		'
Related Party Transaction [Line Items]	'		'
Servicing advances	$1,867		'
[1]	At December 31, 2013, we owed Ocwen for servicing advances made on our behalf of $1,867. We reimburse Ocwen for servicing advances on scheduled funding dates throughout each month of the year.
[2]	At December 31, 2012, we owed Ocwen $1,410 for certain purchase price adjustments pertaining to our December 26, 2012 asset purchase from Ocwen.

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)

12 Months Ended

1 Months Ended

1 Months Ended

In Thousands, except Per Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Sep. 18, 2013

Aug. 08, 2013

Jan. 22, 2013

Nov. 26, 2013

Aug. 08, 2013

Jan. 22, 2013

Jan. 17, 2014

Jan. 17, 2014

Jan. 17, 2014

Jan. 17, 2014

Jan. 10, 2014

Jan. 16, 2014

One-Year Term Notes

One-Year Term Notes

One-Year Term Notes

Three-Year Term Notes

Three-Year Term Notes

Three-Year Term Notes

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

One-Year Term Notes

One-Year Term Notes

Three-Year Term Notes

Three-Year Term Notes

Dividend Paid

Dividend Declared

One Month Libor Rate

One Month Libor Rate

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividends paid, cash

$107,436

$18,317

'

'

'

'

'

'

'

'

'

'

$10,653

'

Cash dividend per share

'

'

'

'

'

'

'

'

'

'

'

'

$0.15

'

Dividend declared

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.15

Declaration Date

'

'

'

'

'

'

'

'

'

'

'

'

'

16-Jan-14

Notes issued

'

'

$350,000

$200,000

$650,000

$300,000

$200,000

$350,000

$600,000

'

$200,000

'

'

'

Percentage added to base rate for interest rate

3.75%

'

'

'

'

'

'

'

'

1.09%

'

1.09%

'

'

Dividends_Declared_Detail

Dividends Declared (Detail) (Subsequent Event, USD $)	1 Months Ended
	Jan. 16, 2014
Period 1	'
Dividends Payable [Line Items]	'
Record Date	31-Jan-14
Payment Date	10-Feb-14
Amount per Ordinary Share	$0.15
Period 2	'
Dividends Payable [Line Items]	'
Record Date	28-Feb-14
Payment Date	10-Mar-14
Amount per Ordinary Share	$0.15
Period 3	'
Dividends Payable [Line Items]	'
Record Date	31-Mar-14
Payment Date	10-Apr-14
Amount per Ordinary Share	$0.15