Onity (ONIT) 10-Q/A 18 Aug 14 2014 Q1 Quarterly report (amended) Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Ocwen Financial Corporation	'
Entity Central Index Key	'0000873860	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'true	'
Amendment Description	'Ocwen Financial Corporation (the “Company”, “Ocwen”, “we”, “us”, “our”) is filing this Amendment No. 1 (Amendment) to its Quarterly Report on Form 10-Q for the three months ended March 31, 2014 (Original Form 10-Q) filed with the Securities and Exchange Commission (SEC) on May 2, 2014 (Original Filing Date) to restate the Company’s previously issued unaudited consolidated financial statements and related financial information for the three months ended March 31, 2014 and 2013 included in its Original Form 10-Q. This Amendment is to correct an error in the application of the interest method accounting for a financing liability. The adjustments to correct the error in applying the interest method to certain financing liabilities resulted in a decrease in net income of $16.3 million and a decrease in basic and diluted earnings per share of $0.11 for the three months ended March 31, 2014. For the three months ended March 31, 2013, the adjustments to correct the error resulted in an increase in net income of $3.8 million and an increase in basic and diluted earnings per share of $0.03 and $0.02, respectively. Revisions to the Original Form 10-Q have been made to the Company’s unaudited Consolidated Financial Statements and related disclosures in Part I, Item 1 - Unaudited Consolidated Financial Statements for the periods presented. In addition, corresponding changes have been made to the following other items to reflect the restatement: (A) Amendments to Part I, Item 1 - Unaudited Consolidated Financial Statements, to restate our consolidated balance sheets as of March 31, 2014 and December 31, 2013, and the consolidated statements of operations, comprehensive income, changes in equity and cash flows for the three months ended March 31, 2014 and 2013. Specifically, the amendments restate (a) our results of operations for the three months ended March 31, 2014 to reflect an increase in interest expense related to a change in the value of Financing liabilities which had the effect of understating our consolidated Other expense, net and overstating Income before tax by $17.3 million; (b) our balance sheet as of March 31, 2014 to reflect an increase in Total liabilities and Financing liabilities of $17.3 million; (c) our results of operations for the three months ended March 31, 2013 to reflect a decrease in interest expense related to a change in the value of Financing liabilities which had the effect of overstating our consolidated Other expense, net and understating Income before tax by $4.0 million; (d) balance sheet as of December 31, 2013 to reflect a decrease in Total liabilities and Financing liabilities of $17.3 million; and (e) the impact on our income tax accounts for the effects of above items within our results of operations and balance sheet as of December 31, 2013. (B) Amendments to Part I, Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations, to reflect the restatement of our financial results, described in (A) above. (C) Amendments to Part II, Item 4 - Controls and Procedures, to (i) describe changes in our disclosure controls and procedures and our internal controls over financial reporting to address a material weakness and (ii) modify management’s opinion of the effectiveness of our internal controls over financial reporting as of March 31, 2014. (D) Part II, Item 6 - Exhibits, Financial Statement Schedules, exhibits 31.1 and 31.2.	'
Entity Common Stock, Shares Outstanding	'	134,879,998

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash	$242,386	$178,512
Mortgage servicing rights ($110,826 and $116,029 carried at fair value)	2,040,355	2,069,381
Advances	937,926	890,832
Match funded advances	2,655,854	2,552,383
Loans held for sale ($338,228 and $503,753 carried at fair value)	383,703	566,660
Loans held for investment - reverse mortgages, at fair value	923,464	618,018
Goodwill	420,201	420,201
Receivables, net	182,724	152,516
Deferred tax assets, net	119,080	115,571
Premises and equipment, net	51,553	53,786
Other assets	229,105	309,143
Total assets	8,186,351	7,927,003
Liabilities	'	'
Match funded liabilities	2,361,662	2,364,814
Financing liabilities ($870,462 and $615,576 carried at fair value)	1,693,147	1,266,973
Other secured borrowings	1,633,999	1,777,669
Other liabilities	560,615	644,595
Total liabilities	6,249,423	6,054,051
Commitments and Contingencies	'	'
Mezzanine Equity	'	'
Series A Perpetual Convertible Preferred stock, $.01 par value; 200,000 shares authorized; 62,000 shares issued and outstanding at March 31, 2014 and December 31, 2013; redemption value $62,000 plus accrued and unpaid dividends	60,776	60,361
Ocwen Financial Corporation (Ocwen) stockholders’ equity	'	'
Common stock, $.01 par value; 200,000,000 shares authorized; 135,365,174 and 135,176,271 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	1,354	1,352
Additional paid-in capital	819,362	818,427
Retained earnings	1,062,467	1,002,963
Accumulated other comprehensive loss, net of income taxes	-9,542	-10,151
Total Ocwen stockholders’ equity	1,873,641	1,812,591
Non-controlling interest in subsidiaries	2,511	0
Total equity	1,876,152	1,812,591
Total liabilities, mezzanine equity and equity	$8,186,351	$7,927,003

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS [Abstract]	'	'
Loans held for sale, at fair value	$338,228	$503,753
Mortgage servicing rights fair value	110,826	116,029
Financing liabilities, fair value	870,462	615,576
Convertible Preferred Stock, Series A, Par Value (in Dollars per share)	$0.01	$0.01
Convertible Preferred Stock, Series A, Shares Authorized	200,000	200,000
Convertible Preferred Stock, Series A, Shares Issued	62,000	62,000
Convertible Preferred stock, Series A, Shares Outstanding	62,000	62,000
Convertible Preferred stock, Series A, Redemption Value (in Dollars)	$62,000	$62,000
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	135,365,174	135,176,271
Common stock, shares outstanding	135,365,174	135,176,271

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue	'	'
Servicing and subservicing fees	$490,459	$369,309
Gain on loans held for sale, net	43,987	6,749
Other revenues	16,815	30,601
Total revenue	551,261	406,659
Operating expenses	'	'
Compensation and benefits	105,637	94,626
Amortization of mortgage servicing rights	62,094	47,883
Servicing and origination	43,947	23,913
Technology and communications	36,976	30,012
Professional services	21,398	14,065
Occupancy and equipment	32,051	18,249
Other operating expenses	47,091	14,778
Total operating expenses	349,194	243,526
Income from operations	202,067	163,133
Other income (expense)	'	'
Interest expense	-139,873	-89,459
Gain (loss) on debt redemption	2,253	-17,030
Other, net	7,256	-1,352
Total other expense, net	-130,364	-107,841
Income before income taxes	71,703	55,292
Income tax expense	11,217	6,383
Net income	60,486	48,909
Net loss attributable to non-controlling interests	15	0
Net income attributable to Ocwen stockholders	60,501	48,909
Preferred stock dividends	-581	-1,485
Deemed dividends related to beneficial conversion feature of preferred stock	-416	-1,086
Net income attributable to Ocwen common stockholders	$59,504	$46,338
Earnings per share attributable to Ocwen common stockholders	'	'
Basic (usd per share)	$0.44	$0.34
Diluted (usd per share)	$0.43	$0.33
Weighted average common shares outstanding	'	'
Basic (in shares)	135,227,067	135,638,567
Diluted (in shares)	141,089,455	139,559,157

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]	'		'
Net income	$60,486		$48,909
Other comprehensive income (loss), net of income taxes:	'		'
Change in deferred gain (loss) on cash flow hedges arising during the year	0	[1]	-4,126	[1]
Reclassification adjustment for losses on cash flow hedges included in net income	608	[1]	408	[1]
Net change in deferred loss on cash flow hedges	608		-3,718
Other	1		39
Total other comprehensive income (loss), net of income taxes	609		-3,679
Comprehensive income attributable to Ocwen stockholders	$61,095		$45,230
[1]	Net of tax (expense) of $(0.2) million and $(0.2) million for the three months ended March 31, 2014 and 2013, respectively. These losses are reclassified to Other, net on the unaudited Consolidated Statement of Operations. See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information.

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parentheticals) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]	'	'
Income tax benefit	'	$2.80
Income tax expense	($0.20)	($0.20)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
In Thousands, except Share data
Balance at at Dec. 31, 2012	$1,611,422	$1,356	$911,942	$704,565	($6,441)	'
Balance at (in shares) at Dec. 31, 2012	'	135,637,932	'	'	'	'
Net income (loss)	48,909	'	'	48,909	'	'
Deemed dividends related to beneficial conversion feature of preferred stock	-1,086	'	'	-1,086	'	'
Preferred stock dividend	-1,485	'	'	-1,485	'	'
Equity-based compensation	1,353	'	1,353	'	'	'
Equity-based compensation (in shares)	'	5,715	'	'	'	'
Other comprehensive income (loss), net of income taxes	-3,679	'	'	'	-3,679	'
Balance at at Mar. 31, 2013	1,655,434	1,356	913,295	750,903	-10,120	0
Balance at (in shares) at Mar. 31, 2013	'	135,643,647	'	'	'	'
Balance at at Dec. 31, 2013	1,812,591	1,352	818,427	1,002,963	-10,151	0
Balance at (in shares) at Dec. 31, 2013	135,176,271	135,176,271	'	'	'	'
Net income (loss)	60,486	'	'	60,501	'	-15
Deemed dividends related to beneficial conversion feature of preferred stock	-416	'	'	-416	'	'
Preferred stock dividend	-581	'	'	-581	'	'
Repurchase of common stock	-2,308	-1	-2,307	'	'	'
Repurchase of common stock (in shares)	-60,000	-60,000	'	'	'	'
Exercise of common stock options	1,039	3	1,036	'	'	'
Exercise of common stock options (in shares)	'	244,000	'	'	'	'
Equity-based compensation	2,206	'	2,206	'	'	'
Equity-based compensation (in shares)	'	4,903	'	'	'	'
Non-controlling interest in connection with acquisition of controlling interest in Ocwen Structured Investments, LLC	2,526	'	'	'	'	2,526
Other comprehensive income (loss), net of income taxes	609	'	'	'	609	'
Balance at at Mar. 31, 2014	$1,876,152	$1,354	$819,362	$1,062,467	($9,542)	$2,511
Balance at (in shares) at Mar. 31, 2014	135,365,174	135,365,174	'	'	'	'

UNAUDITED_CONSOLIDATED_STATEME

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Stockholders' Equity [Abstract]	'	'
Preferred stock dividends (usd per share)	$9.38	$9.17

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Cash flows from operating activities	'		'
Net income attributable to Ocwen stockholders	$60,501		$48,909
Adjustments to reconcile net income to net cash provided by operating activities:	'		'
Amortization of mortgage servicing rights	62,094		47,883
Depreciation	5,540		4,513
Provision for bad debts	31,386		60
Gain on sale of loans	-43,987		-6,749
Realized and unrealized losses on derivative financial instruments	920		5,736
(Gain) loss on extinguishment of debt	-2,253		17,030
Gain on valuation of mortgage servicing rights, at fair value	5,148		679
Origination and purchase of loans held for sale	-2,378,056		-2,515,084
Proceeds from sale and collections of loans held for sale	2,414,699		2,629,152
Changes in assets and liabilities:	'		'
Decrease in advances and match funded advances	13,434		186,420
(Increase) decrease in receivables and other assets, net	48,437	[1]	-41,443	[1]
(Decrease) increase in other liabilities	-41,170		18,983
Other, net	19,089		9,809
Net cash provided by operating activities	195,782		405,898
Cash flows from investing activities	'		'
Purchase of mortgage servicing rights, net	-6,698		-971
Acquisition of advances in connection with the purchase of mortgage servicing rights	-83,942		'
Acquisition of advances in connection with the purchase of loans	-60,482		0
Proceeds from sale of advances and match funded advances	0		713,582
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA	0		86,950
Origination of loans held for investment – reverse mortgages	-176,658		0
Principal payments received on loans held for investment - reverse mortgages	14,030		0
Additions to premises and equipment	-3,308		-4,201
Other	891		1,300
Net cash used in investing activities	-378,220		-1,279,053
Cash flows from financing activities	'		'
(Repayment of) proceeds from match funded liabilities	-3,151		450,239
Proceeds from other borrowings	1,497,669		3,778,876
Repayments of other borrowings	-1,652,903		-2,989,374
Payment of debt issuance costs – senior secured term loan	-175		-24,048
Proceeds from sale of mortgage servicing rights accounted for as a financing	123,551		100,737
Proceeds from sale of loans accounted for as a financing	226,626		'
Proceeds from sale of advances accounted for as a financing	55,702		'
Repurchase of common stock	-2,308		0
Other	1,301		'
Net cash provided by financing activities	246,312		1,316,430
Net increase in cash	63,874		443,275
Cash at beginning of year	178,512		220,130
Cash at end of period	242,386		663,405
Fair value of liabilities assumed	'		'
Cash paid	$54,220		'
[1]	Amount due seller includes $54,220 paid in 2014 for certain mortgage servicing rights and related servicing advances which we were obligated to acquire that were not settled as part of the initial closing.

Description_of_Business_Basis_

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies	'
	Note 1 — Description of Business and Basis of Presentation
	Organization
	Ocwen Financial Corporation (NYSE: OCN) (Ocwen, we, us and our) is a financial services holding company which, through its subsidiaries, is engaged in the servicing and origination of forward and reverse mortgage loans. Ocwen is headquartered in Atlanta, Georgia with offices throughout the United States (U.S.) and in the United States Virgin Islands (USVI) with support operations in India, the Philippines and Uruguay. Ocwen is a Florida corporation organized in February 1988.
	Ocwen owns all of the common stock of its primary operating subsidiary, Ocwen Mortgage Servicing, Inc. (OMS), and directly or indirectly owns all of the outstanding stock of its other primary operating subsidiaries: Ocwen Loan Servicing, LLC (OLS), Ocwen Financial Solutions Private Limited, Homeward Residential, Inc. (Homeward), and Liberty Home Equity Solutions, Inc. (Liberty).
	In 2013, we completed acquisitions of mortgage servicing rights (MSRs) and servicing advances from, among others, OneWest Bank, FSB (OneWest MSR Transaction) and Ally Bank, a wholly-owned subsidiary of Ally Financial Inc. (Ally), the indirect parent of Residential Capital, LLC (ResCap) (Ally MSR Transaction), and acquisitions of servicing and origination platforms, including Liberty Home Equity Solutions, Inc. (Liberty) through a stock purchase agreement (Liberty Acquisition) and certain assets and operations of ResCap pursuant to a plan under Chapter 11 of the Bankruptcy Code (ResCap Acquisition). See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared in conformity with the instructions of the Securities and Exchange Commission (SEC) to Form 10-Q and SEC Regulation S-X, Article 10, Rule 10-01 for interim financial statements. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation. The results of operations and other data for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2014. The unaudited consolidated financial statements presented herein should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Amendment No. 1 to our Annual Report on Form 10-K for the year ended December 31, 2013.
	Reclassifications
	Within the Total assets section of the unaudited Consolidated Balance sheet at December 31, 2013, we reclassified Debt service accounts of $129.9 million to Other assets to conform to the current year presentation.
	Certain insignificant amounts in the unaudited Consolidated Statement of Cash Flows for the three months ended March 31, 2013 have been reclassified to conform to the current year presentation. These reclassifications had no impact on our consolidated cash flows.
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period and the related disclosures in the accompanying notes. Such estimates and assumptions include, but are not limited to, those that relate to fair value measurements, the provision for potential losses that may arise from litigation proceedings, representation and warranty and other indemnification obligations and the valuation of goodwill. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ because of uncertainties associated with estimating the amounts, timing and likelihood of possible outcomes.
	Change in Accounting Estimate
	For servicing assets or liabilities that we account for using the amortization method, we amortize the balances in proportion to, and over the period of, estimated net servicing income (if servicing revenues exceed servicing costs) or net servicing loss (if servicing costs exceed servicing revenues). We determine estimated net servicing income using the estimated future balance of the underlying mortgage loan portfolio, which, absent new purchases, declines over time from prepayments and scheduled loan amortization. We adjust MSR amortization prospectively in response to changes in estimated projections of future cash flows. As a result of the significant growth and change in composition of our servicing portfolio, we determined that the estimated net servicing income has increased, primarily as a result of lower actual prepayment speeds. We accounted for this change in MSR amortization as a change in an accounting estimate beginning January 1, 2014. This change had the effect of reducing amortization expense and increasing both net income and earnings per share in our unaudited Consolidated Statement of Operations for the three months ended March 31, 2014 as follows:
	Reduction in Amortization of mortgage servicing rights	$	(25,998	)
	Increase in Net income attributable to Ocwen common stockholders	$	22,755
	Increase in Earnings per share attributable to Ocwen common stockholders:
	Basic	$	0.17
	Diluted	$	0.16
	Recently Issued Accounting Standards
	Investments—Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-01)
	In January 2014, the FASB issued ASU 2014-01. This ASU permit entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the statement of operations as a component of income tax expense (benefit). The new standard is expected to enable more entities to qualify for the proportional amortization method than the number of entities that currently qualify for the effective yield method.
	ASU 2014-01 will be effective for us on January 1, 2015 with early adoption permitted. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.
	Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-04)
	In January 2014, the FASB also issued ASU 2014-04. This ASU clarifies when an in substance repossession or foreclosure occurs such that the loan receivable should be derecognized and the real estate property recognized. An in substance repossession or foreclosure occurs upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.
	ASU 2014-04 requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.
	ASU 2014-04 will be effective for us on January 1, 2015 with early adoption permitted. An entity can elect to adopt the amendments using either a modified retrospective transition method or a prospective transition method. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.
	Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08)
	In April 2014, the FASB issued ASU 2014-08. ASU 2014-08 changes the criteria for reporting discontinued operations. Under this ASU, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. A strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. A business activity that upon acquisition qualifies as held for sale will also be a discontinued operation. The new standard no longer precludes presentation as a discontinued operation if (i) there are operations and cash flows of the component that have not been eliminated from the reporting entity’s ongoing operations, or (ii) there is significant continuing involvement with a component after its disposal.
	New disclosures under this ASU include the requirement to present in the statement of cash flows or disclose in a note either (i) total operating and investing cash flows for discontinued operations, or (ii) depreciation, amortization, capital expenditures, and significant operating and investing noncash items related to discontinued operations. Assets and liabilities of a discontinued operation that are classified as held for sale or disposed of in the current period must be reclassified for the comparative periods presented in the balance sheet.
	ASU 2014-08 will be effective for us on January 1, 2015. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.

Restatement_of_Previously_Issu

Restatement of Previously Issued Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
Restatement of Previously Issued Consolidated Financial Statements	'
	Note 1A — Restatement of Previously Issued Consolidated Financial Statements
	Subsequent to the issuance of the Original Form 10-Q, we determined there was an error in the application of the interest method used to calculate the appropriate allocation between principal and interest in connection with the accounting for a financing liability related to the Rights to MSRs sold to HLSS.  The error relates to the subsequent accounting for the financing liability and does not impact the initial accounting for the sale of Rights to MSRs to HLSS. As a result, the financial amounts noted below have been restated from amounts previously reported.
	The following tables summarize the effect of these restatements at and for the periods indicated:
		Consolidated Balance Sheet as of March 30, 2014
		As Reported			Restatement			As Restated
	Deferred tax assets, net	$	118,156		$	924		$	119,080
	Total assets	8,185,427			924			8,186,351
	Financing liabilities	1,693,147			—			1,693,147
	Total liabilities	6,249,423			—			6,249,423
	Retained earnings	1,061,543			924			1,062,467
	Total stockholders’ equity	1,872,717			924			1,873,641
		Consolidated Balance Sheet as of December 31, 2013
		As Reported			Restatement			As Restated
	Deferred tax assets, net	$	116,558		$	(987	)	$	115,571
	Financing liabilities	1,284,229			(17,256		)	1,266,973
	Total liabilities	6,071,307			(17,256		)	6,054,051
	Retained earnings	986,694			16,269			1,002,963
	Total stockholders’ equity	1,796,322			16,269			1,812,591
		Consolidated Statement of Operations for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Interest expense	$	(122,616	)	$	(17,257	)	$	(139,873	)
	Total other expense, net	(113,107		)	(17,257		)	(130,364		)
	Income before income taxes	88,960			(17,257		)	71,703
	Income tax expense	13,129			(1,912		)	11,217
	Net income	75,831			(15,345		)	60,486
	Net income attributable to Ocwen stockholders	75,846			(15,345		)	60,501
	Net income attributable to Ocwen common stockholders	74,849			(15,345		)	59,504
	Earnings per share attributable to Ocwen common stockholders
	Basic	$	0.55		$	(0.11	)	$	0.44
	Diluted	$	0.54		$	(0.11	)	$	0.43
		Consolidated Statement of Operations for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Interest expense	$	(93,416	)	$	3,957		$	(89,459	)
	Total other expense, net	(111,798		)	3,957			(107,841		)
	Income before income taxes	51,335			3,957			55,292
	Income tax expense	6,188			195			6,383
	Net income	45,147			3,762			48,909
	Net income attributable to Ocwen stockholders	45,147			3,762			48,909
	Net income attributable to Ocwen common stockholders	42,576			3,762			46,338
	Earnings per share attributable to Ocwen common stockholders
	Basic	$	0.31		$	0.03		$	0.34
	Diluted	$	0.31		$	0.02		$	0.33
		Consolidated Statement of Comprehensive Income for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net Income	$	75,831		$	(15,345	)	$	60,486
	Comprehensive income attributable to Ocwen stockholders	76,440			(15,345		)	61,095
		Consolidated Statement of Comprehensive Income for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Net Income	$	45,147		$	3,762		$	48,909
	Comprehensive income attributable to Ocwen stockholders	41,468			3,762			45,230
		Consolidated Statement of Changes in Equity for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net Income	$	75,831		$	(15,345	)	$	60,486
		Consolidated Statement of Changes in Equity for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Net Income	$	45,147		$	3,762		$	48,909
		Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net income	$	75,846		$	(15,345	)	$	60,501
	Adjustments to reconcile net income to net cash provided by operating activities:
	Other, net	21,000			(1,911		)	19,089
	Net cash provided by operating activities	213,038			(17,256		)	195,782
	Repayments of other borrowings	(1,670,159		)	17,256			(1,652,903		)
Net cash provided by financing activities	229,056			17,256			246,312
	Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2013
	As Reported			Restatement			As Restated
Net income	$	45,147		$	3,762		$	48,909
Adjustments to reconcile net income to net cash provided by operating activities:
Other, net	9,614			195			9,809
Net cash provided by operating activities	401,941			3,957			405,898
Repayments of other borrowings	(2,985,417		)	(3,957		)	(2,989,374		)
Net cash provided by financing activities	1,320,387			(3,957		)	1,316,430

Securitization_and_Variable_In

Securitization and Variable Interest Entities	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Securitizations and Variable Interest Entities	'
	Note 2 — Securitizations and Variable Interest Entities
	We securitize, sell and service forward and reverse residential mortgage loans and regularly transfer financial assets in connection with asset-backed financing arrangements. We have aggregated these securitizations and asset-backed financing arrangements into two groups: (1) securitizations of residential mortgage loans and (2) financings of advances on loans serviced for others.
	We have determined that the special purpose entities (SPEs) created in connection with our match funded financing facilities are variable interest entities (VIEs) of which we are the primary beneficiary.
	Securitizations of Residential Mortgage Loans
	Currently, we securitize forward and reverse residential mortgage loans involving the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively the GSEs) and loans insured by the Federal Housing Authority (FHA) or Department of Veterans Affairs (VA). We retain the right to service these loans and receive servicing fees based upon the securitized loan balances and certain ancillary fees, all of which are reported in Servicing and subservicing fees on the unaudited Consolidated Statements of Operations.
	Transfers of Forward Loans
	We sell or securitize forward loans that we originate or that we purchase from third parties, generally in the form of mortgage-backed securities guaranteed by the GSEs or the Government National Mortgage Association (Ginnie Mae). Securitization usually occurs within 30 days of loan closing or purchase. We retain servicing rights associated with the transferred loans and receive a servicing fee for services provided. We act only as a fiduciary and do not have a variable interest in the securitization trusts. As a result, we account for these transactions as sales upon transfer.
	We report the gain or loss on the transfer of the loans held for sale in Gain on loans held for sale, net in the unaudited Consolidated Statement of Operations along with changes in fair value of the loans and the gain or loss on the related derivatives. See Note 15 — Derivative Financial Instruments and Hedging Activities for information on these derivative financial instruments. We include all changes in loans held for sale and related derivative balances in operating activities in the unaudited Consolidated Statement of Cash Flows.
	The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers accounted for as sales that were outstanding during the three months ended March 31:
		2014				2013
	Proceeds received from securitizations	$	1,534,251			$	2,576,792
	Servicing fees collected	5,194				1,518
		$	1,539,445			$	2,578,310
	In connection with these transfers, we recorded MSRs of $11.6 million and $28.7 million during the three months ended March 31, 2014 and 2013, respectively. We initially record the MSRs at fair value and subsequently account for them at amortized cost. See Note 9 — Mortgage Servicing for information relating to MSRs.
	Certain obligations arise from agreements associated with our transfers of loans. Under these agreements, we may be obligated to repurchase the loans, or otherwise indemnify or reimburse the investor or insurer for losses incurred due to material breach of contractual representations and warranties. See Note 13 — Other Liabilities for further information.
	The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as our maximum exposure to loss including the UPB of the transferred loans at the dates indicated:
		March 31, 2014				December 31, 2013
	Carrying value of assets:
	Mortgage servicing rights, at amortized cost	$	49,219			$	44,615
	Mortgage servicing rights, at fair value	3,079				3,075
	Advances and match funded advances	11,069				15,888
	Unpaid principal balance of loans transferred (1)	6,497,814				5,641,277
	Maximum exposure to loss	$	6,561,181			$	5,704,855
	-1	The UPB of the loans transferred is the maximum exposure to loss under our standard representations and warranties obligations.
	At March 31, 2014 and December 31, 2013, 2.9% and 2.6%, respectively, of the transferred residential loans that we serviced were 60 days or more past due. During the three months ended March 31, 2014, there were no charge-offs, net of recoveries, associated with these transferred loans.
	Transfers of Reverse Mortgages
	We are an approved issuer of Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS) that are guaranteed by Ginnie Mae. We originate Home Equity Conversion Mortgages (HECMs, or reverse mortgages) that are insured by the FHA. We then pool the loans into HMBS that we sell into the secondary market with servicing rights retained. We have determined that loan transfers in the HMBS program do not meet the definition of a participating interest because of the servicing requirements in the product that require the issuer/servicer to absorb some level of interest rate risk, cash flow timing risk and incidental credit risk. As a result, the transfers of the HECMs do not qualify for sale accounting, and we, therefore, account for these transfers as financings. Under this accounting treatment, the HECMs are classified as Loans held for investment - reverse mortgages, at fair value, on our unaudited Consolidated Balance Sheets. We record the proceeds from the transfer of assets as secured borrowings (HMBS-related borrowings) in Financing liabilities and recognize no gain or loss on the transfer. Holders of participating interests in the HMBS have no recourse against the assets of Ocwen, except for standard representations and warranties and our contractual obligation to service the HECMs and the HMBS.
	We have elected to measure the HECMS and HMBS-related borrowings at fair value. The changes in fair value of the HECMs and HMBS-related borrowings are included in Other revenues in our unaudited Consolidated Statement of Operations. Included in net fair value gains on the HECMs and related HMBS borrowings are the interest income that we expect to be collected on the HECMs and the interest expense that we expect to be paid on the HMBS-related borrowings. We report originations and collections of HECMs in investing activities in the unaudited Consolidated Statement of Cash Flows. We report net fair value gains on HECMs and the related HMBS borrowings as an adjustment to the net cash provided by or used in operating activities in the unaudited Consolidated Statement of Cash Flows. Proceeds from securitizations of HECMs and payments on HMBS-related borrowings are included in financing activities in the unaudited Consolidated Statement of Cash Flows.
	At March 31, 2014 and December 31, 2013, we had HMBS-related borrowings of $870.5 million and $615.6 million and HECMs pledged as collateral to the pools of $923.5 million and $618.0 million, respectively. See Note 5 — Fair Value for a reconciliation of the changes in fair value of HECMs and HMBS-related borrowings for the three months ended March 31, 2014.
	Financings of Advances on Loans Serviced for Others
	Match funded advances on loans serviced for others result from our transfers of residential loan servicing advances to SPEs in exchange for cash. We consolidate these SPEs either because the transfers do not qualify for sales accounting treatment or because Ocwen is the primary beneficiary of the SPE. These SPEs issue debt supported by collections on the transferred advances.
	We make these transfers under the terms of our advance facility agreements. We classify the transferred advances on our unaudited Consolidated Balance Sheets as Match funded advances and the related liabilities as Match funded liabilities. The SPEs use collections of the pledged advances to repay principal and interest and to pay the expenses of the SPE. Holders of the debt issued by these entities can look only to the assets of the SPE for satisfaction of the debt and have no recourse against Ocwen. However, Ocwen and OLS have guaranteed the payment of the obligations under the securitization documents of one of the entities. The maximum amount payable under the guarantee is limited to 10% of the notes outstanding at the end of the facility’s revolving period in December 2014. The entity to which this guarantee applies had $31.4 million of notes outstanding at March 31, 2014. The assets and liabilities of the advance financing SPEs are comprised solely of Match funded advances, Debt service accounts, Match funded liabilities and amounts due to affiliates. Amounts due to affiliates are eliminated in consolidation.
	See Note 8 — Match Funded Advances, Note 11 - Other Assets and Note 12 — Borrowings for additional information.
	Note 9 — Mortgage Servicing
	Mortgage Servicing Rights – Amortization Method
	The following tables summarize the activity in the carrying value of amortization method servicing assets for the three months ended March 31:
			2014				2013
	Beginning balance		$	1,953,352			$	678,937
	Additions recognized in connection with business acquisitions:
	OSI (1)		8,954				—
	ResCap Acquisition (1)		11,370				393,891
	Additions recognized in connection with asset acquisitions:
	OneWest MSR Transaction (2)		1,516				—
	Greenpoint MSR Transaction (3)		3,700				—
	Other		1,481				972
	Additions recognized on the sale of mortgage loans		11,614				28,705
	Servicing transfers and adjustments		(364		)		(124		)
	Amortization (4)		(62,094		)		(47,987		)
	Ending balance		$	1,929,529			$	1,054,394
	Estimated fair value at end of period		$	2,774,910			$	1,288,732
	-1	See Note 3 — Business Acquisitions for additional information regarding MSRs recognized in connection with business acquisitions.
	-2	The acquired MSRs relate to mortgage loans with a UPB of $1.1 billion and related servicing advances of $34.3 million acquired in the final closing of the OneWest MSR Transaction. The OneWest MSR Transaction closed in stages, and the majority of loans were boarded onto our primary servicing platform as of December 31, 2013.
	-3	The acquired MSRs relate to mortgage loans with a UPB of $948.9 million and related servicing advances of $47.6 million.
	-4	In the unaudited Consolidated Statement of Operations, Amortization of mortgage servicing rights is reported net of the amortization of servicing liabilities and includes the amount of charges we recognized to increase servicing liability obligations.
	As disclosed in Note 4 — Sales of Advances and MSRs, we have sold certain Rights to MSRs as part of the HLSS Transactions which did not qualify as sales for accounting purposes. In addition, on February 26, 2014, we issued $123.6 million of Ocwen Asset Servicing Income Series (OASIS), Series 2014-1 Notes secured by Ocwen-owned MSRs relating to Freddie Mac mortgages of $11.8 billion UPB. We accounted for this transaction as a financing. See Note 12 — Borrowings for additional information.
	The estimated amortization expense for MSRs, calculated based on assumptions used at March 31, 2014, is projected as follows over the next five years (See Note 1 — Description of Business and Basis of Presentation regarding a change in accounting estimate applicable to MRS amortization.):
	2015	$	227,807
	2016	193,589
	2017	166,401
	2018	143,094
	2019	68,417
	Mortgage Servicing Rights—Fair Value Measurement Method
	This portfolio comprises servicing rights for which we elected the fair value option and includes Agency forward residential mortgage loans for which we previously hedged the related market risks.
The following table summarizes the activity related to fair value servicing assets for the three months ended March 31:
	2014				2013
Beginning balance	$	116,029			$	85,213
Changes in fair value (1):
Changes in market value assumptions	(3,155		)		4,650
Realization of cash flows and other changes	(2,048		)		(5,329		)
Ending balance	$	110,826			$	84,534
-1	Changes in fair value are recognized in Servicing and origination expense in the unaudited Consolidated Statement of Operations.
Because the mortgages underlying these MSRs permit the borrowers to prepay the loans, the value of the MSRs generally tends to diminish in periods of declining interest rates (as prepayments increase) and increase in periods of rising interest rates (as prepayments decrease). The following table summarizes the estimated change in the value of the MSRs that we carry at fair value as of March 31, 2014 given hypothetical instantaneous parallel shifts in the yield curve:
	Adverse change in fair value
	10%				20%
Weighted average prepayment speeds	$	(8,475	)		$	(16,635	)
Discount rate (Option-adjusted spread)	$	(4,881	)		$	(9,371	)
The sensitivity analysis measures the potential impact on fair values based on hypothetical changes (increases and decreases) in interest rates.
Portfolio of Assets Serviced
The following table presents the composition of our primary servicing and subservicing portfolios by type of property serviced as measured by UPB. The servicing portfolio represents loans for which we own the MSRs while subservicing represents all other loans. The UPB of assets serviced for others are not included on our unaudited Consolidated Balance Sheets.
	Residential				Commercial				Total
UPB at March 31, 2014
Servicing (1)	$	391,701,237			$	—			$	391,701,237
Subservicing	57,869,359				318,507				58,187,866
	$	449,570,596			$	318,507			$	449,889,103
UPB at December 31, 2013
Servicing (1)	$	397,546,635			$	—			$	397,546,635
Subservicing	67,104,697				400,502				67,505,199
	$	464,651,332			$	400,502			$	465,051,834
UPB at March 31, 2013
Servicing (1)	$	272,252,405			$	—			$	272,252,405
Subservicing	194,819,256				392,584				195,211,840
	$	467,071,661			$	392,584			$	467,464,245
-1	Includes primary servicing UPB of $170.8 billion, $175.1 billion and $92.5 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, for which the Rights to MSRs have been sold to HLSS.
Residential assets serviced includes foreclosed real estate. Residential assets serviced also includes small-balance commercial assets with a UPB of $2.5 billion, $2.6 billion and $2.0 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, that are managed using the REALServicing™ platform. Commercial assets consist of large-balance foreclosed real estate.
Servicing Revenue
The following table presents the components of servicing and subservicing fees for the three months ended March 31:
	2014				2013
Loan servicing and subservicing fees:
Servicing	$	351,823			$	235,156
Subservicing	33,725				33,866
	385,548				269,022
Home Affordable Modification Program (HAMP) fees	36,699				40,147
Late charges	36,835				25,896
Loan collection fees	8,294				6,382
Custodial accounts (float earnings)	1,721				1,680
Other	21,362				26,182
	$	490,459			$	369,309
Float balances (balances in custodial accounts, which represent collections of principal and interest that we receive from borrowers, are held in escrow by an unaffiliated bank and are excluded from our balance sheet) amounted to $3.5 billion and $4.7 billion at March 31, 2014 and 2013, respectively.

Business_Acquisitions

Business Acquisitions	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Business Acquisitions	'
	Note 3 — Business Acquisitions
	We account for business acquisitions using the acquisition method which requires, among other things, that the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. The initial allocation of the purchase price is considered preliminary and therefore subject to change until the end of the measurement period (up to one year from the acquisition date). Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined business. Measurement period adjustments are applied retrospectively to the period of acquisition.
	The purchase price allocations provided below for our business acquisitions are based on the estimated fair value of the acquired receivables, loans, advances, MSRs and the assumed debt in a manner consistent with the methodology described in Note 5 — Fair Value. Premises and equipment were initially valued based on the “in-use” valuation premise, where the fair value of an asset is based on the highest and best use of the asset that would provide maximum value to market participants principally through its use with other assets as a group. Other assets and liabilities expected to have a short life were valued at the face value of the specific assets and liabilities purchased, including receivables, prepaid expenses, accounts payable and accrued expenses.
	The unaudited pro forma consolidated results presented below for the ResCap Acquisition are not indicative of what Ocwen’s consolidated net earnings would have been had we completed the acquisition on the date indicated because of differences in servicing practices and cost structure between Ocwen and ResCap. In addition, the unaudited pro forma consolidated results do not purport to project our combined future results nor do they reflect the expected realization of any cost savings associated with the acquisition.
	The acquisition of Liberty was treated as stock purchases for U.S. tax purposes. The ResCap Acquisition was treated as an asset acquisition for U.S. tax purposes. We expect the opening tax basis for the acquired assets and liabilities to be the fair values as shown in the purchase price allocation table below. We expect MSRs and goodwill to be treated as intangible assets acquired in connection with the purchase of a trade or business and, as such, amortized over 15 years for tax purposes.
	Purchase Price Allocation
	The following table summarizes the fair values of assets acquired and liabilities assumed as part of the ResCap Acquisition:
	Purchase Price Allocation	15-Feb-13			Adjustments			Final
	MSRs (1)	$	393,891		$	7,423		$	401,314
	Advances and match funded advances (1)	1,622,348			164,061			1,786,409
	Deferred tax assets	—			—			—
	Premises and equipment	22,398			(5,975		)	16,423
	Receivables and other assets	2,989			—			2,989
	Other liabilities:
	Liability for indemnification obligations	(49,500		)	—			(49,500		)
	Other	(24,840		)	(285		)	(25,125		)
	Total identifiable net assets	1,967,286			165,224			2,132,510
	Goodwill	204,743			6,676			211,419
	Total consideration	$	2,172,029		$	171,900		$	2,343,929
	-1	As of the acquisition date, the purchase of certain MSRs from ResCap was not complete pending the receipt of certain consents and court approvals. Subsequent to the acquisition, we obtained the required consents and approvals for a portion of these MSRs and paid an additional purchase price of $174.6 million to acquire the MSRs and related advances, including $54.2 million in 2014. The purchase price allocation has been revised to include the resulting adjustments to MSRs, advances and goodwill.
	ResCap Acquisition
	We completed the ResCap Acquisition on February 15, 2013. We acquired MSRs related to conventional (i.e., conforming to the underwriting standards of Fannie Mae or Freddie Mac; collectively referred to as Agency loans), government insured (loans insured by FHA or VA) and non-Agency residential forward mortgage loans (commonly referred to as non-prime, subprime or private-label loans) with a UPB of $111.2 billion and master servicing agreements with a UPB of $44.9 billion. The ResCap Acquisition included advances and elements of the servicing platform related to the acquired MSRs, as well as certain diversified fee-based business operations that included recovery, title and closing services. We also assumed subservicing contracts with a UPB of $27.0 billion. Under the terms of the ResCap Acquisition, we were obligated to acquire certain servicing rights and subservicing agreements that were not settled as part of the initial closing on February 15, 2013 as a result of objections raised in connection with the sale. We purchased these MSRs and assumed the subservicing contracts from ResCap when such consents and approvals were obtained. We completed subsequent settlements and purchased additional MSRs as objections were resolved.
	To finance the ResCap Acquisition, we deployed $840.0 million from the proceeds of a new $1.3 billion senior secured term loan (SSTL) facility and borrowed an additional $1.2 billion pursuant to two new servicing advance facilities and one existing facility. We settled the subsequent closings with cash. Ocwen assumed certain limited liabilities as part of the transaction, including certain employee liabilities and certain business payables outstanding at the closing date. Under the agreement with ResCap, Ocwen generally did not assume any contingent obligations, including pending or threatened litigation, financial obligations in connection with any settlements, orders or similar agreements entered into by ResCap or obligations in connection with any representations or warranties associated with loans previously sold by ResCap except for litigation that may arise in the ordinary course of servicing mortgage loans relating to servicing agreements assumed by Ocwen. Ocwen assumed all liabilities related to servicing loans that are guaranteed by Ginnie Mae, whether arising prior to or after the closing date.
	Post-Acquisition Results of Operations
	The following table presents the revenue and earnings of the ResCap operations that are included in our unaudited Consolidated Statement of Operations from the acquisition date of February 15, 2013 through March 31, 2013:
	Revenues		$	74,853
	Net income		$	14,879
	Pro Forma Results of Operations
	The following table presents unaudited supplemental pro forma information for Ocwen for the three months ended March 31, 2013 as if the ResCap Acquisition occurred on January 1, 2012. Pro forma adjustments include:
	•	conforming servicing revenues to the revenue recognition policies followed by Ocwen;
	•	conforming the accounting for MSRs to the valuation and amortization policies of Ocwen;
	•	adjusting interest expense to eliminate the pre-acquisition interest expense of ResCap and to recognize interest expense as if the acquisition-related debt of Ocwen had been outstanding at January 1, 2012; and
	•	reporting acquisition-related charges for professional services as if they had been incurred in 2012 rather than 2013.
	Revenues	$	454,003
	Net income	$	36,303
	Other Acquisitions
	Correspondent One S.A. (Correspondent One)
	On March 31, 2013, we increased our ownership in Correspondent One, an entity formed with Altisource in March 2011, from 49% to 100%. Correspondent One facilitates the purchase of conventional and government insured residential mortgages from approved mortgage originators and resells the mortgages to secondary market investors. We acquired the shares of Correspondent One held by Altisource (49% interest) for $12.6 million and acquired the remaining shares held by an unrelated entity for $0.9 million. We accounted for this transaction as an acquisition and recognized the assets acquired and liabilities assumed at their fair values as of the acquisition date. The acquired net assets were $26.3 million and consisted primarily of cash ($23.0 million) and residential mortgage loans ($1.1 million). We remeasured our previously held investment, which we accounted for using the equity method, at fair value and recognized a loss of $0.4 million. We did not recognize goodwill in connection with this acquisition. Correspondent One is not material to our financial condition, results of operations or cash flows.
	Liberty
	On April 1, 2013, we completed the Liberty Acquisition for $22.0 million in cash. In addition, and as part of the closing, Ocwen repaid Liberty’s $9.1 million existing outstanding debt to the sellers. Liberty is engaged in the origination, purchase, sale and securitization of reverse mortgage loans, both retail and wholesale. We acquired Liberty’s reverse mortgage origination platform, including reverse mortgage loans with a UPB of $55.2 million. The acquired net assets were $31.1 million and consisted primarily of residential reverse mortgage loans ($60.0 million), receivables ($11.2 million), loans held for investment ($10.3 million) and cash ($4.6 million) less amounts due under warehouse facilities ($46.3 million) and HMBS-related borrowings ($10.2 million). We recognized $3.0 million of goodwill in connection with this acquisition. The acquisition of Liberty did not have a material impact on our financial condition, results of operations or cash flows.
	Ocwen Structured Investments, LLC (OSI)
	On January 31, 2014, we increased our ownership in OSI from 26.00% to 87.35%. OSI invests primarily in residential MSRs and the related lower tranches and residuals of mortgage-backed securities. We acquired the additional interests in OSI for $11.0 million. We accounted for this transaction as an acquisition and recognized 100% of the assets acquired and liabilities assumed at their fair values as of the acquisition date. We recognized in equity a noncontrolling interest at its proportionate 12.65% share of the net assets acquired. The acquired net assets were $20.0 million and consisted primarily of MSRs ($9.0 million), mortgage-backed securities ($7.7 million) and cash ($3.2 million). The acquisition of OSI did not have a material impact on our financial condition, results of operations or cash flows.
	Facility Closure Costs
	We have incurred employee termination benefits, primarily consisting of severance and Worker Adjustment and Retraining Notification Act compensation, and lease termination costs for the closure of leased facilities in connection with our business acquisitions. The following table provides a reconciliation of the beginning and ending liability balances for these termination costs:
		Employee termination benefits			Lease termination costs			Total
	Liability balance as at December 31, 2013	$	4,816		$	2,454		$	7,270
	Additions charged to operations (1)	10,584			—			10,584
	Amortization of discount	—			42			42
	Payments	(10,370		)	(341		)	(10,711		)
	Liability balance as at March 31, 2014 (2)	$	5,030		$	2,155		$	7,185
	-1	$9.5 million was recognized in the Servicing segment, $(0.1) million was recognized in the Lending segment and the remaining $1.2 million was recognized in the Corporate Items and Other segment. Charges related to employee termination benefits are reported in Compensation and benefits expense in the unaudited Consolidated Statement of Operations. The liabilities are included in Other liabilities in the unaudited Consolidated Balance Sheet.
	-2	We expect the remaining liability for employee termination benefits at March 31, 2014 to be settled in 2014.

Sales_of_Advances_and_MSRs

Sales of Advances and MSRs	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing of Financial Assets [Abstract]	'
Sales of Advances and MSRs	'
	Note 4 — Sales of Advances and MSRs
	In order to efficiently finance our assets and operations and to create liquidity, we periodically sell MSRs, Rights to MSRs and servicing advances to market participants, including Home Loan Servicing Solutions, Ltd. and its wholly owned subsidiary, HLSS Holdings, LLC (collectively HLSS). We typically retain the right to subservice loans when we sell MSRs and Rights to MSRs. To the extent applicable, counterparties may also acquire advance SPEs and the related match funded liabilities. In connection with sales of Rights to MSRs, we retain legal ownership of the MSRs and continue to service the related mortgage loans until such time as all necessary consents are received. We are obligated to transfer legal ownership of the MSRs upon obtaining all required third party consents. As it relates to the sale of Rights to MSRs to HLSS (together with the sale of the related servicing advances, the HLSS Transactions), upon transfer, we would subservice the loans pursuant to a subservicing agreement, as amended, with HLSS. During the three months ended March 31, 2013, we completed HLSS Transactions relating to the Rights to MSRs for $15.9 billion of UPB. We did not complete any sales of Rights to MSRs to HLSS during the three months ended March 31, 2014. See Note 19 — Related Party Transactions for additional information regarding the agreements with HLSS.
	The following table provides a summary of the assets and liabilities sold in connection with the HLSS Transactions during the three months ended March 31, 2013:
	Sale of MSRs accounted for as a financing	$	100,707
	Sale of advances and match funded advances	703,206
	Sales price, as adjusted	803,913
	Amount due to (from) HLSS for post-closing adjustments at March 31	10,406
	Cash received on current year sales	814,319
	Amount received from HLSS as settlement of post-closing adjustments outstanding at the end of the previous year	—
	Total cash received	$	814,319
	To the extent we retain legal title to the MSRs, the sales of Rights to MSRs are accounted for as financings. Upon receipt of third party consents, we derecognize the related MSRs. Upon derecognition, any resulting gain or loss is deferred and amortized over the expected life of the related subservicing agreement. Until derecognition, we continue to recognize the full amount of servicing revenue and amortization of the MSRs.
	The related advance sales generally meet the requirements for sale accounting and are derecognized from our financial statements at the time of the sale. In the event the purchaser acquires an advance SPE in connection with the sale, we derecognize the assets and liabilities of the advance SPEs at the time of the sale.
	In March 2014, Ocwen sold advances related to certain FHA-insured mortgage loans to HLSS Mortgage Master Trust (HLSS Mortgage), a wholly owned subsidiary of HLSS. The advance sale was treated as a financing. See Note 6 — Loans Held for Sale for additional information.

Fair_Value

Fair Value	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value	'
	Note 5 — Fair Value
	Fair value is estimated 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 that 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 whereby the highest priority is given to Level 1 inputs and the lowest to Level 3 inputs.
	Level 1:	Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.
	Level 2:	Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.
	Level 3:	Unobservable inputs for the asset or liability.
	We classify assets in their entirety based on the lowest level of input that is significant to the fair value measurement.
	The carrying amounts and the estimated fair values of our financial instruments and our nonfinancial assets measured at fair value on a recurring or non-recurring basis are as follows at the dates indicated:
				March 31, 2014								December 31, 2013
		Level		Carrying Value				Fair Value				Carrying Value				Fair Value
	Financial assets:
	Loans held for sale:
	Loans held for sale, at fair value (a)	2		$	338,228			$	338,228			$	503,753			$	503,753
	Loans held for sale, at lower of cost or fair value (b)	3		45,475				45,475				62,907				62,907
	Total Loans held for sale			$	383,703			$	383,703			$	566,660			$	566,660
	Loans held for investment - Reverse mortgages, at fair value (a)	3		$	923,464			$	923,464			$	618,018			$	618,018
	Advances and match funded advances (c)	3		3,593,780				3,593,780				3,443,215				3,443,215
	Receivables, net (c)	3		182,724				182,724				152,516				152,516
	Financial liabilities:
	Match funded liabilities (c)	3		$	2,361,662			$	2,361,662			$	2,364,814			$	2,364,814
	Financing liabilities:
	HMBS-related borrowings, at fair value (a)	3		$	870,462			$	870,462			$	615,576			$	615,576
	Other (c)	3		822,685				822,685				651,397				651,397
	Total Financing liabilities			$	1,693,147			$	1,693,147			$	1,266,973			$	1,266,973
	Other secured borrowings:
	Senior secured term loan (c)	3		$	1,281,981			$	1,267,043			$	1,284,901			$	1,270,108
	Other (c)	3		352,018				352,018				492,768				492,768
	Total Other secured borrowings			$	1,633,999			$	1,619,061			$	1,777,669			$	1,762,876
	Derivative financial instruments (a):
	IRLCs	2		$	9,420			$	9,420			$	8,433			$	8,433
	Forward MBS trades	1		699				699				6,905				6,905
	Interest rate caps	3		324				324				442				442
	MSRs:
	MSRs, at fair value (a)	3		$	110,826			$	110,826			$	116,029			$	116,029
	MSRs, at amortized cost (c)	3		1,929,529				2,774,910				1,953,352				2,441,719
	Total MSRs			$	2,040,355			$	2,885,736			$	2,069,381			$	2,557,748
	(a)	Measured at fair value on a recurring basis.
	(b)	Measured at fair value on a non-recurring basis.
	(c)	Disclosed, but not carried, at fair value.
	The following tables present a reconciliation of the changes in fair value of Level 3 assets and liabilities that we measure at fair value on a recurring basis:
		Loans Held for Investment - Reverse Mortgages				HMBS-Related Borrowings				Derivative Financial Instruments, net				MSRs				Total
	Fair value at January 1, 2014	$	618,018			$	(615,576	)		$	442			$	116,029			$	118,913
	Purchases, issuances, sales and settlements:
	Purchases	—				—				—				—				—
	Issuances	176,658				(226,626		)		24				—				(49,944		)
	Transfer from loans held for sale, at fair value	110,874				—				—				—				110,874
	Sales	—				—				—				—				—
	Settlements	(14,029		)		5,386				—				—				(8,643		)
		273,503				(221,240		)		24				—				52,287
	Total realized and unrealized gains and (losses): (1)
	Included in earnings	31,943				(33,646		)		(142		)		(5,203		)		(7,048		)
	Included in Other comprehensive income (loss)	—				—				—				—				—
		31,943				(33,646		)		(142		)		(5,203		)		(7,048		)
	Transfers in and / or out of Level 3	—				—				—				—				—
	Fair value at March 31, 2014	$	923,464			$	(870,462	)		$	324			$	110,826			$	164,152
			Derivative Financial Instruments, net				MSRs				Total
	Fair value at January 1, 2013		$	(10,668	)		$	85,213			$	74,545
	Purchases, issuances, sales and settlements:
	Purchases		—				—				—
	Issuances		—				—				—
	Sales		—				—				—
	Settlements		310				—				310
			310				—				310
	Total realized and unrealized gains and (losses) (1):
Included in earnings		(1,353		)		(679		)		(2,032		)
Included in Other comprehensive income (loss)		(6,924		)		—				(6,924		)
		(8,277		)		(679		)		(8,956		)
Transfers in and / or out of Level 3		—				—				—
Fair value at March 31, 2013		$	(18,635	)		$	84,534			$	65,899
-1	Total losses attributable to derivative financial instruments still held at March 31, 2014 and March 31, 2013 were $0.1 million and $4.8 million, respectively.
The methodologies that we use and key assumptions that we make to estimate the fair value of instruments and other assets and liabilities measured at fair value on a recurring or non-recurring basis and those disclosed, but not carried, at fair value are described below:
Loans Held for Sale
We originate and purchase residential forward and reverse mortgage loans that we intend to sell to the GSEs. We also own residential mortgage loans that are not eligible to be sold to the GSEs due to delinquency or other factors. Residential forward and reverse mortgage loans that we intend to sell to the GSEs are carried at fair value as a result of a fair value election. Such loans are subject to changes in fair value due to fluctuations in interest rates from the closing date through the date of the sale of the loan into the secondary market. These loans are classified within Level 2 of the valuation hierarchy because the primary component of the price is obtained from observable values of mortgage forwards for loans of similar terms and characteristics. We have the ability to access this market, and it is the market into which conventional and government insured mortgage loans are typically sold.
We repurchase certain loans from Ginnie Mae guaranteed securitizations in connection with loan modifications and loan resolution activity as part of our servicing obligations. These are classified as loans held for sale at the lower of cost or fair value, in the case of modified loans, as we expect to redeliver (sell) the loans to new Ginnie Mae guaranteed securitizations. The fair value of these loans is estimated using published forward Ginnie Mae prices. Loans repurchased in connection with loan resolution activities are modified or otherwise remediated through loss mitigation activities or are reclassified to receivables. Because these loans are insured or guaranteed by the FHA or VA, the fair value of these loans represents the net recovery value taking into consideration the insured or guaranteed claim
For all other loans held for sale, which we report at the lower of cost or fair value, market illiquidity has reduced the availability of observable pricing data. When we enter into an agreement to sell a loan or pool of loans to an investor at a set price, we value the loan or loans at the commitment price. We base the fair value of uncommitted loans on the expected future cash flows discounted at a rate commensurate with the risk of the estimated cash flows.
Loans Held for Investment – Reverse Mortgages
We have elected to measure these loans at fair value. For transferred reverse mortgage loans that do not qualify as sales for accounting purposes, we base the fair value on the expected future cash flows discounted over the expected life of the loans at a rate commensurate with the risk of the estimated cash flows. Significant assumptions include expected prepayment and delinquency rates and cumulative loss curves. The discount rate assumption for these assets is primarily based on an assessment of current market yields on newly originated reverse mortgage loans, expected duration of the asset and current market interest rates.
The more significant assumptions used in the March 31, 2014 valuation include:
•	Life in years ranging from 2.56 to 22.86 (weighted average of 8.05);
•	Conditional repayment rate ranging from 4.79% to 56.59% (weighted average of 8.84%); and
•	Discount rate of 1.63%.
Significant increases or decreases in any of these assumptions in isolation could result in a significantly lower or higher fair value, respectively.
Mortgage Servicing Rights
Amortized Cost MSRs
We estimate the fair value of MSRs carried at amortized cost using a combination of internal models and data provided by third-party valuation experts. The most significant assumptions used in our internal valuation are the speed at which mortgages prepay and delinquency experience. Other assumptions typically used in the internal valuation are:
•	Cost of servicing	•	Interest rate used for computing float earnings
•	Discount rate	•	Compensating interest expense
•	Interest rate used for computing the cost of financing servicing advances	•	Collection rate of other ancillary fees
The significant components of the estimated future cash inflows for MSRs include servicing fees, late fees, float earnings and other ancillary fees. Significant cash outflows include the cost of servicing, the cost of financing servicing advances and compensating interest payments.
We estimate fair value using internal models and with the assistance of third-party valuation experts. Our internal models calculate the present value of expected future cash flows utilizing assumptions that we believe are used by market participants. We derive prepayment speeds and delinquency assumptions from historical experience adjusted for prevailing market conditions. We utilize a discount rate provided by third-party valuation experts, and we consider external market-based assumptions in determining the interest rate for the cost of financing advances, the interest rate for float earnings and the cost of servicing.
Third-party valuation experts generally utilize: (a) transactions involving instruments with similar collateral and risk profiles, adjusted as necessary based on specific characteristics of the asset or liability being valued; and/or (b) industry-standard modeling, such as a discounted cash flow model, in arriving at their estimate of fair value. The prices provided by the valuation experts reflect their observations and assumptions related to market activity, including risk premiums and liquidity adjustments. The models and related assumptions used by the valuation experts are owned and managed by them and, in many cases, the significant inputs used in the valuation techniques are not reasonably available to us. However, we have an understanding of the processes and assumptions used to develop the prices based on our ongoing due diligence, which includes regular discussions with the valuation experts. We believe that the procedures executed by the valuation experts, combined with our internal verification and analytical procedures, provide assurance that the prices used in our unaudited consolidated financial statements comply with the accounting guidance for fair value measurements and disclosures and reflect the assumptions that a market participant would use.
The more significant assumptions used in the March 31, 2014 valuation of our MSRs carried at amortized cost include:
•	Prepayment speeds ranging from 6.62% to 17.63% (weighted average of 13.78%) depending on loan type;
•	Delinquency rates ranging from 7.02% to 31.04% (weighted average of 16.59%) depending on loan type;
•	Interest rate of 1-month LIBOR plus a range of 0.00% to 3.50% for computing the cost of financing servicing advances;
•	Interest rate of 1-month LIBOR for computing float earnings; and
•	Discount rates ranging from 9.88% to 16.46% (weighted average of 11.67%)
We perform an impairment analysis based on the difference between the carrying amount and fair value after grouping the underlying loans into the applicable strata. In response to the significant change in the composition of our MSR portfolio as a result of recent acquisitions, our stratum are defined as conventional, government insured and non-Agency (i.e. all private label primary and master serviced loans).
Fair Value MSRs
MSRs carried at fair value are classified within Level 3 of the valuation hierarchy due to the use of third party valuation expert pricing without adjustment. The fair value of these MSRs is within the range of prices provided by the valuation experts; however, a change in the valuation inputs utilized by the valuation expert or a change in the best point price in the range might result in a significantly higher or lower fair value measurement.
The key assumptions (generally unobservable inputs) used in the valuation of these MSRs include:
•	Mortgage prepayment speeds;
•	Delinquency rates; and
•	Discount rates.
The primary assumptions used in the March 31, 2014 valuation include an 8.35% weighted average constant prepayment rate and a discount rate equal to 1-Month LIBOR plus 10.28%.
Advances
We value advances at their net realizable value, which generally approximates fair value, because advances have no stated maturity, generally are realized within a relatively short period of time and do not bear interest.
Receivables
The carrying value of receivables generally approximates fair value because of the relatively short period of time between their origination and realization.
Borrowings
Match Funded Liabilities
For match funded liabilities that bear interest at a rate that is adjusted regularly based on a market index, the carrying value approximates fair value. For match funded liabilities that bear interest at a fixed rate, we determine fair value by discounting the future principal and interest repayments at a market rate commensurate with the risk of the estimated cash flows. We estimate principal repayments of match funded liabilities during the amortization period based on our historical advance collection rates and taking into consideration any plans to refinance the notes. At March 31, 2014, the interest on all borrowings under match funded facilities was based on a variable rate adjusted regularly using a market index, and therefore, the carrying value approximates fair value.
HMBS-Related Borrowings
We have elected to measure these borrowings at fair value. We recognize the proceeds from the transfer of reverse mortgages as a secured borrowing that we account for at fair value. These borrowings are not actively traded and therefore quoted market prices are not available. We determine fair value by discounting the future principal and interest repayments over the estimated life of the borrowing at a market rate commensurate with the risk of the estimated cash flows. Significant assumptions include prepayments, discount rate and borrower mortality rates for reverse mortgages. The discount rate assumption for these liabilities is based on an assessment of current market yields for newly issued HMBS, expected duration and current market interest rates.
The more significant assumptions used in the March 31, 2014 valuation include:
•	Life in years ranging from 2.54 to 22.24 (weighted average of 7.01);
•	Conditional repayment rate ranging from 4.79% to 56.02% (weighted average of 8.84%); and
•	Discount rate of 1.06%.
Significant increases or decreases in any of these assumptions in isolation would result in a significantly higher or lower fair value.
Financing Liability - MSRs Pledged
The carrying value of the Financing Liability - MSRs Pledged approximates fair value. We initially establish the value of the Financing Liability - MSRs Pledged based on the price at which the Rights to MSRs are sold to HLSS. Thereafter, the carrying value of the Financing Liability - MSRs pledged is adjusted from time to time to reflect changes in the net present value of the estimated future cash flows of the underlying MSRs. Since these cash flows are ceded to HLSS as part of the HLSS Transactions, the future cash flows of the underlying MSRs also represent the future payments to HLSS of principal and interest on the Financing Liability - MSRs Pledged. As a result, the net present value of the future cash flows related to the underlying MSRs also represent the net present value of the principal and interest payments to be made on the Financing Liability - MSRs Pledged. The net present value of these future cash flows represents the fair value of the Financing Liability - MSRs Pledged.
Other Secured Borrowings
The carrying value of secured borrowings that bear interest at a rate that is adjusted regularly based on a market index approximates fair value. For other secured borrowings that bear interest at a fixed rate, we determine fair value by discounting the future principal and interest repayments at a market rate commensurate with the risk of the estimated cash flows. For the SSTL, we used a discount rate of 5.6% and the repayment schedule specified in the loan agreement to determine fair value at March 31, 2014.
Derivative Financial Instruments
Interest rate lock commitments (IRLCs) represent an agreement to purchase loans from a third-party originator, an agreement to extend credit to a mortgage applicant (locked pipeline) or an agreement to sell a loan to investors, whereby the interest rate is set prior to funding. IRLCs are classified within Level 2 of the valuation hierarchy as the primary component of the price is obtained from observable values of mortgage forwards for loans of similar terms and characteristics. Fair value amounts of IRLCs are adjusted for expected “fallout” (locked pipeline loans not expected to close) using models that consider cumulative historical fallout rates and other factors.
We enter into forward mortgage-backed securities (MBS) trades to provide an economic hedge against changes in fair value of residential forward and reverse mortgage loans held for sale that we carry at fair value. Forward MBS trades are primarily used to fix the forward sales price that will be realized upon the sale of mortgage loans into the secondary market. Forward contracts are actively traded in the market and we obtained unadjusted market quotes for these derivatives, thus they are classified within Level 1 of the valuation hierarchy.
In addition, we may use interest rate caps to minimize future interest rate exposures on variable rate debt issued on servicing advance facilities from increases in one-month LIBOR interest rates. The fair value for interest rate caps is based on counterparty market prices and adjusted for counterparty credit risk.
See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information regarding derivative financial instruments.

Loans_Held_for_Sale

Loans Held for Sale	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Loans Held for Sale	'
	Note 6 — Loans Held for Sale
	Loans Held for Sale - Fair Value
	Loans held for sale, at fair value, represent residential forward and reverse mortgage loans originated or purchased and held until sold to secondary market investors, such as GSEs or other third parties. The following table summarizes the activity in the balance of Loans held for sale, at fair value, during the three months ended March 31:
		2014			2013
	Beginning balance	$	503,753		$	426,480
	Originations and purchases	1,416,797			2,462,531
	Proceeds from sales	(1,481,403		)	(2,563,247		)
	Transfers to loans held for investment - reverse mortgages	(110,874		)	—
	Gain (loss) on sale of loans	12,863			(29,786		)
	Other	(2,908		)	(464		)
	Ending balance	$	338,228		$	295,514
	At March 31, 2014, Loans held for sale, at fair value with a UPB of $314.0 million were pledged to secure warehouse lines of credit in our Lending segment. See Note 12 — Borrowings for additional information regarding these facilities.
	Loans Held for Sale - Lower of Cost or Fair Value
	Loans held for sale, at lower of cost or fair value, include residential loans that we do not intend to hold to maturity. The following table summarizes the activity in the balance of Loans held for sale, at lower of cost or fair value, during the three months ended March 31:
		2014			2013
	Beginning balance	$	62,907		$	82,866
	Purchases	959,756			53,674
	Proceeds from sales	(835,786		)	(66,868		)
	Principal payments	(96,300		)	(460		)
	Transfers to accounts receivable	(66,187		)	—
	Gain on sale of loans	23,031			1,423
	Increase in valuation allowance	(4,163		)	(7,269		)
	Modifications, charge offs and other	2,217			(751		)
	Ending balance	$	45,475		$	62,615
	The balances at March 31, 2014 and March 31, 2013 are net of valuation allowances of $36.0 million and $21.9 million, respectively.
	The balances at March 31, 2014 and 2013 include $6.1 million and $42.0 million, respectively, of loans that we were required to repurchase from Ginnie Mae guaranteed securitizations as part of our servicing obligations. Repurchased loans are modified or otherwise remediated through loss mitigation activities or are reclassified to receivables.
	On March 3, 2014, we purchased severely delinquent FHA-insured loans with a UPB of $549.4 million out of Ginnie Mae securities under the terms of a conditional repurchase option whereby as servicer we have the right, but not the obligation, to repurchase delinquent loans at par (the Ginnie Mae early buy-out (EBO) program). Immediately after their purchase, we sold the loans (the Ginnie Mae EBO Loans) and related advances to HLSS Mortgage (the Ginnie Mae EBO Transaction) for $612.3 million ($556.4 million for the Ginnie Mae EBO Loans and $55.7 million for the servicing advances).
	Gain on Loans Held for Sale, Net
	The following table summarizes the activity in Gain on loans held for sale, net, during the three months ended March 31:
		2014			2013
	Gain on sales of loans (1)(2)	$	54,993		$	(1,081	)
	Change in fair value of IRLCs	986			(1,237		)
	Change in fair value of loans held for sale	1,800			(440		)
	Gain (loss) on economic hedge instruments	(13,610		)	10,189
	Other	(182		)	(682		)
		$	43,987		$	6,749
	-1	Includes gains of $11.6 million and $28.7 million for the three months ended March 31, 2014 and 2013, respectively, representing the value assigned to MSRs retained on sales of loans. Also includes gains of $22.8 million recorded during the three months ended March 31, 2014 on sales of repurchased loans into Ginnie Mae guaranteed securitizations.
	-2	Includes gains of $16.1 million recorded during the three months ended March 31, 2014 in connection with sales of reverse mortgages into Ginnie Mae guaranteed securitizations.

Advances

Advances	3 Months Ended
	Mar. 31, 2014
Advances [Abstract]	'
Advances	'
	Note 7 — Advances
	Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:
		March 31, 2014			December 31, 2013
	Servicing:
	Principal and interest	$	189,338		$	141,307
	Taxes and insurance	465,359			477,039
	Foreclosures, bankruptcy and other	278,713			268,053
		933,410			886,399
	Corporate Items and Other	4,516			4,433
		$	937,926		$	890,832
	The following table summarizes the activity in advances for the three months ended March 31:
		2014			2013
	Beginning balance	$	890,832		$	184,463
	Acquisitions (1)	98,875			205,365
	Transfers to match funded advances	(10,156		)	—
	Sales of advances to HLSS	—			(38,313		)
	(Collections) new advances, net	(41,625		)	210,046
	Ending balance	$	937,926		$	561,561
	-1	Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs. See Note 3 — Business Acquisitions, Note 6 — Loans Held for Sale and Note 9 — Mortgage Servicing for additional information.

Match_Funded_Advance

Match Funded Advance	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Match Funded Advance	'
	Note 8 — Match Funded Advances
	Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Principal and interest	$	1,589,396	$	1,497,649
	Taxes and insurance	847,615		830,113
	Foreclosures, bankruptcy, real estate and other	218,843		224,621
		$	2,655,854	$	2,552,383
	The following table summarizes the activity in match funded advances for the three months ended March 31:
		2014		2013
	Beginning balance	$	2,552,383	$	3,049,244
	Acquisitions (1)	85,521		1,448,371
	Transfers from advances	10,156		—
	Sales of advances to HLSS	—		(664,893		)
	New advances (collections), net	7,794		(396,639		)
	Ending balance	$	2,655,854	$	3,436,083
	-1	Servicing advances acquired in connection with the acquisitions of MSRs through business acquisitions and asset acquisitions. See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.

Mortgage_Servicing

Mortgage Servicing	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Mortgage Servicing	'
	Note 2 — Securitizations and Variable Interest Entities
	We securitize, sell and service forward and reverse residential mortgage loans and regularly transfer financial assets in connection with asset-backed financing arrangements. We have aggregated these securitizations and asset-backed financing arrangements into two groups: (1) securitizations of residential mortgage loans and (2) financings of advances on loans serviced for others.
	We have determined that the special purpose entities (SPEs) created in connection with our match funded financing facilities are variable interest entities (VIEs) of which we are the primary beneficiary.
	Securitizations of Residential Mortgage Loans
	Currently, we securitize forward and reverse residential mortgage loans involving the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively the GSEs) and loans insured by the Federal Housing Authority (FHA) or Department of Veterans Affairs (VA). We retain the right to service these loans and receive servicing fees based upon the securitized loan balances and certain ancillary fees, all of which are reported in Servicing and subservicing fees on the unaudited Consolidated Statements of Operations.
	Transfers of Forward Loans
	We sell or securitize forward loans that we originate or that we purchase from third parties, generally in the form of mortgage-backed securities guaranteed by the GSEs or the Government National Mortgage Association (Ginnie Mae). Securitization usually occurs within 30 days of loan closing or purchase. We retain servicing rights associated with the transferred loans and receive a servicing fee for services provided. We act only as a fiduciary and do not have a variable interest in the securitization trusts. As a result, we account for these transactions as sales upon transfer.
	We report the gain or loss on the transfer of the loans held for sale in Gain on loans held for sale, net in the unaudited Consolidated Statement of Operations along with changes in fair value of the loans and the gain or loss on the related derivatives. See Note 15 — Derivative Financial Instruments and Hedging Activities for information on these derivative financial instruments. We include all changes in loans held for sale and related derivative balances in operating activities in the unaudited Consolidated Statement of Cash Flows.
	The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers accounted for as sales that were outstanding during the three months ended March 31:
		2014				2013
	Proceeds received from securitizations	$	1,534,251			$	2,576,792
	Servicing fees collected	5,194				1,518
		$	1,539,445			$	2,578,310
	In connection with these transfers, we recorded MSRs of $11.6 million and $28.7 million during the three months ended March 31, 2014 and 2013, respectively. We initially record the MSRs at fair value and subsequently account for them at amortized cost. See Note 9 — Mortgage Servicing for information relating to MSRs.
	Certain obligations arise from agreements associated with our transfers of loans. Under these agreements, we may be obligated to repurchase the loans, or otherwise indemnify or reimburse the investor or insurer for losses incurred due to material breach of contractual representations and warranties. See Note 13 — Other Liabilities for further information.
	The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as our maximum exposure to loss including the UPB of the transferred loans at the dates indicated:
		March 31, 2014				December 31, 2013
	Carrying value of assets:
	Mortgage servicing rights, at amortized cost	$	49,219			$	44,615
	Mortgage servicing rights, at fair value	3,079				3,075
	Advances and match funded advances	11,069				15,888
	Unpaid principal balance of loans transferred (1)	6,497,814				5,641,277
	Maximum exposure to loss	$	6,561,181			$	5,704,855
	-1	The UPB of the loans transferred is the maximum exposure to loss under our standard representations and warranties obligations.
	At March 31, 2014 and December 31, 2013, 2.9% and 2.6%, respectively, of the transferred residential loans that we serviced were 60 days or more past due. During the three months ended March 31, 2014, there were no charge-offs, net of recoveries, associated with these transferred loans.
	Transfers of Reverse Mortgages
	We are an approved issuer of Ginnie Mae Home Equity Conversion Mortgage-Backed Securities (HMBS) that are guaranteed by Ginnie Mae. We originate Home Equity Conversion Mortgages (HECMs, or reverse mortgages) that are insured by the FHA. We then pool the loans into HMBS that we sell into the secondary market with servicing rights retained. We have determined that loan transfers in the HMBS program do not meet the definition of a participating interest because of the servicing requirements in the product that require the issuer/servicer to absorb some level of interest rate risk, cash flow timing risk and incidental credit risk. As a result, the transfers of the HECMs do not qualify for sale accounting, and we, therefore, account for these transfers as financings. Under this accounting treatment, the HECMs are classified as Loans held for investment - reverse mortgages, at fair value, on our unaudited Consolidated Balance Sheets. We record the proceeds from the transfer of assets as secured borrowings (HMBS-related borrowings) in Financing liabilities and recognize no gain or loss on the transfer. Holders of participating interests in the HMBS have no recourse against the assets of Ocwen, except for standard representations and warranties and our contractual obligation to service the HECMs and the HMBS.
	We have elected to measure the HECMS and HMBS-related borrowings at fair value. The changes in fair value of the HECMs and HMBS-related borrowings are included in Other revenues in our unaudited Consolidated Statement of Operations. Included in net fair value gains on the HECMs and related HMBS borrowings are the interest income that we expect to be collected on the HECMs and the interest expense that we expect to be paid on the HMBS-related borrowings. We report originations and collections of HECMs in investing activities in the unaudited Consolidated Statement of Cash Flows. We report net fair value gains on HECMs and the related HMBS borrowings as an adjustment to the net cash provided by or used in operating activities in the unaudited Consolidated Statement of Cash Flows. Proceeds from securitizations of HECMs and payments on HMBS-related borrowings are included in financing activities in the unaudited Consolidated Statement of Cash Flows.
	At March 31, 2014 and December 31, 2013, we had HMBS-related borrowings of $870.5 million and $615.6 million and HECMs pledged as collateral to the pools of $923.5 million and $618.0 million, respectively. See Note 5 — Fair Value for a reconciliation of the changes in fair value of HECMs and HMBS-related borrowings for the three months ended March 31, 2014.
	Financings of Advances on Loans Serviced for Others
	Match funded advances on loans serviced for others result from our transfers of residential loan servicing advances to SPEs in exchange for cash. We consolidate these SPEs either because the transfers do not qualify for sales accounting treatment or because Ocwen is the primary beneficiary of the SPE. These SPEs issue debt supported by collections on the transferred advances.
	We make these transfers under the terms of our advance facility agreements. We classify the transferred advances on our unaudited Consolidated Balance Sheets as Match funded advances and the related liabilities as Match funded liabilities. The SPEs use collections of the pledged advances to repay principal and interest and to pay the expenses of the SPE. Holders of the debt issued by these entities can look only to the assets of the SPE for satisfaction of the debt and have no recourse against Ocwen. However, Ocwen and OLS have guaranteed the payment of the obligations under the securitization documents of one of the entities. The maximum amount payable under the guarantee is limited to 10% of the notes outstanding at the end of the facility’s revolving period in December 2014. The entity to which this guarantee applies had $31.4 million of notes outstanding at March 31, 2014. The assets and liabilities of the advance financing SPEs are comprised solely of Match funded advances, Debt service accounts, Match funded liabilities and amounts due to affiliates. Amounts due to affiliates are eliminated in consolidation.
	See Note 8 — Match Funded Advances, Note 11 - Other Assets and Note 12 — Borrowings for additional information.
	Note 9 — Mortgage Servicing
	Mortgage Servicing Rights – Amortization Method
	The following tables summarize the activity in the carrying value of amortization method servicing assets for the three months ended March 31:
			2014				2013
	Beginning balance		$	1,953,352			$	678,937
	Additions recognized in connection with business acquisitions:
	OSI (1)		8,954				—
	ResCap Acquisition (1)		11,370				393,891
	Additions recognized in connection with asset acquisitions:
	OneWest MSR Transaction (2)		1,516				—
	Greenpoint MSR Transaction (3)		3,700				—
	Other		1,481				972
	Additions recognized on the sale of mortgage loans		11,614				28,705
	Servicing transfers and adjustments		(364		)		(124		)
	Amortization (4)		(62,094		)		(47,987		)
	Ending balance		$	1,929,529			$	1,054,394
	Estimated fair value at end of period		$	2,774,910			$	1,288,732
	-1	See Note 3 — Business Acquisitions for additional information regarding MSRs recognized in connection with business acquisitions.
	-2	The acquired MSRs relate to mortgage loans with a UPB of $1.1 billion and related servicing advances of $34.3 million acquired in the final closing of the OneWest MSR Transaction. The OneWest MSR Transaction closed in stages, and the majority of loans were boarded onto our primary servicing platform as of December 31, 2013.
	-3	The acquired MSRs relate to mortgage loans with a UPB of $948.9 million and related servicing advances of $47.6 million.
	-4	In the unaudited Consolidated Statement of Operations, Amortization of mortgage servicing rights is reported net of the amortization of servicing liabilities and includes the amount of charges we recognized to increase servicing liability obligations.
	As disclosed in Note 4 — Sales of Advances and MSRs, we have sold certain Rights to MSRs as part of the HLSS Transactions which did not qualify as sales for accounting purposes. In addition, on February 26, 2014, we issued $123.6 million of Ocwen Asset Servicing Income Series (OASIS), Series 2014-1 Notes secured by Ocwen-owned MSRs relating to Freddie Mac mortgages of $11.8 billion UPB. We accounted for this transaction as a financing. See Note 12 — Borrowings for additional information.
	The estimated amortization expense for MSRs, calculated based on assumptions used at March 31, 2014, is projected as follows over the next five years (See Note 1 — Description of Business and Basis of Presentation regarding a change in accounting estimate applicable to MRS amortization.):
	2015	$	227,807
	2016	193,589
	2017	166,401
	2018	143,094
	2019	68,417
	Mortgage Servicing Rights—Fair Value Measurement Method
	This portfolio comprises servicing rights for which we elected the fair value option and includes Agency forward residential mortgage loans for which we previously hedged the related market risks.
The following table summarizes the activity related to fair value servicing assets for the three months ended March 31:
	2014				2013
Beginning balance	$	116,029			$	85,213
Changes in fair value (1):
Changes in market value assumptions	(3,155		)		4,650
Realization of cash flows and other changes	(2,048		)		(5,329		)
Ending balance	$	110,826			$	84,534
-1	Changes in fair value are recognized in Servicing and origination expense in the unaudited Consolidated Statement of Operations.
Because the mortgages underlying these MSRs permit the borrowers to prepay the loans, the value of the MSRs generally tends to diminish in periods of declining interest rates (as prepayments increase) and increase in periods of rising interest rates (as prepayments decrease). The following table summarizes the estimated change in the value of the MSRs that we carry at fair value as of March 31, 2014 given hypothetical instantaneous parallel shifts in the yield curve:
	Adverse change in fair value
	10%				20%
Weighted average prepayment speeds	$	(8,475	)		$	(16,635	)
Discount rate (Option-adjusted spread)	$	(4,881	)		$	(9,371	)
The sensitivity analysis measures the potential impact on fair values based on hypothetical changes (increases and decreases) in interest rates.
Portfolio of Assets Serviced
The following table presents the composition of our primary servicing and subservicing portfolios by type of property serviced as measured by UPB. The servicing portfolio represents loans for which we own the MSRs while subservicing represents all other loans. The UPB of assets serviced for others are not included on our unaudited Consolidated Balance Sheets.
	Residential				Commercial				Total
UPB at March 31, 2014
Servicing (1)	$	391,701,237			$	—			$	391,701,237
Subservicing	57,869,359				318,507				58,187,866
	$	449,570,596			$	318,507			$	449,889,103
UPB at December 31, 2013
Servicing (1)	$	397,546,635			$	—			$	397,546,635
Subservicing	67,104,697				400,502				67,505,199
	$	464,651,332			$	400,502			$	465,051,834
UPB at March 31, 2013
Servicing (1)	$	272,252,405			$	—			$	272,252,405
Subservicing	194,819,256				392,584				195,211,840
	$	467,071,661			$	392,584			$	467,464,245
-1	Includes primary servicing UPB of $170.8 billion, $175.1 billion and $92.5 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, for which the Rights to MSRs have been sold to HLSS.
Residential assets serviced includes foreclosed real estate. Residential assets serviced also includes small-balance commercial assets with a UPB of $2.5 billion, $2.6 billion and $2.0 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, that are managed using the REALServicing™ platform. Commercial assets consist of large-balance foreclosed real estate.
Servicing Revenue
The following table presents the components of servicing and subservicing fees for the three months ended March 31:
	2014				2013
Loan servicing and subservicing fees:
Servicing	$	351,823			$	235,156
Subservicing	33,725				33,866
	385,548				269,022
Home Affordable Modification Program (HAMP) fees	36,699				40,147
Late charges	36,835				25,896
Loan collection fees	8,294				6,382
Custodial accounts (float earnings)	1,721				1,680
Other	21,362				26,182
	$	490,459			$	369,309
Float balances (balances in custodial accounts, which represent collections of principal and interest that we receive from borrowers, are held in escrow by an unaffiliated bank and are excluded from our balance sheet) amounted to $3.5 billion and $4.7 billion at March 31, 2014 and 2013, respectively.

Receivables

Receivables	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Receivables	'
	Note 10 — Receivables
	Receivables consisted of the following at the dates indicated:
		Receivables		Allowance for Losses			Net
	March 31, 2014
	Servicing (1)	$	175,029	$	(23,291	)	$	151,738
	Due from related parties (2)	11,217		—			11,217
	Other (3)	19,872		(103		)	19,769
		$	206,118	$	(23,394	)	$	182,724
	December 31, 2013
	Servicing (1)	$	124,537	$	(17,419	)	$	107,118
	Income taxes receivable	6,369		—			6,369
	Due from related parties (2)	14,553		—			14,553
	Other (3)	24,579		(103		)	24,476
		$	170,038	$	(17,522	)	$	152,516
	-1	The balances at March 31, 2014 and December 31, 2013 arise from our Servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees. The balances at March 31, 2014 and December 31, 2013 include $59.8 million and $54.0 million of receivables and $16.4 million and $14.0 million of allowances for losses, respectively, related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations.
	-2	See Note 19 — Related Party Transactions for additional information regarding transactions with Altisource and HLSS.
	-3	Includes $13.6 million related to probable losses expected to be indemnified under the terms of the Homeward merger agreement.

Other_Assets

Other Assets	3 Months Ended
	Mar. 31, 2014
Other Assets [Abstract]	'
Other Assets	'
	Note 11 — Other Assets
	Other assets consisted of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Debt service accounts (1)	$	82,630	$	129,897
	Contingent assets - ResCap Acquisition (2)	—		51,932
	Prepaid lender fees and debt issuance costs, net	32,151		31,481
	Prepaid income taxes	25,334		20,585
	Purchase price deposit (3)	25,000		10,000
	Prepaid expenses	12,956		16,132
	Derivatives, at fair value (4)	10,409		15,494
	Investment in unconsolidated entities (5)	6,646		11,771
	Other	33,979		21,851
		$	229,105	$	309,143
	-1	Under our advance funding facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. The collected funds are not applied to reduce the related match funded debt until the payment dates specified in the indenture. The balances also include amounts that have been set aside from the proceeds of our match funded advance facilities and certain of our warehouse facilities to provide for possible shortfalls in the funds available to pay certain expenses and interest. The funds related to match funded facilities are held in interest earning accounts in the name of the SPE created in connection with the facility.
	-2	As disclosed in Note 3 — Business Acquisitions, the purchase of certain MSRs and related advances from ResCap was not complete on the date of acquisition pending the receipt of certain consents and court approvals. We recorded a contingent asset effective on the date of the acquisition until we subsequently obtained the required consents and approvals for the MSRs and paid the additional purchase price.
	-3	The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit along with an additional deposit of $15.0 million that we made in January 2014 will be held in escrow until the transaction closes. See Note 21 - Commitments and Contingencies for additional information.
	-4	See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information regarding derivatives.
	-5	The balance at December 31, 2013 includes an investment of $6.6 million in OSI. As disclosed in Note 3 — Business Acquisitions, we increased our ownership from 26.00% to 87.35% on January 31, 2014. Effective on that date, we began including the accounts of OSI in our consolidated financial statements and eliminated our current investment in consolidation.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Borrowings	'
	Note 12 — Borrowings
	Match Funded Liabilities
	Match funded liabilities are comprised of the following at the dates indicated:
	Borrowing Type		Interest Rate	Maturity (1)	Amortization Date (1)	Available Borrowing Capacity (2)		March 31, 2014			December 31, 2013
	Advance Receivable Backed Notes Series 2012-ADV1		1ML (4) + 250 bps	Jun. 2016	Jun. 2014	$	121,742	$	353,258		$	417,388
	Advance Receivable Backed		1ML + 300 bps	Dec. 2015	Dec. 2014	18,630		31,370			33,211
	Note
	2012-Homeward Agency Advance Funding Trust		Cost of Funds + 300 bps	Mar. 2014	Mar. 2014	1,562		23,438			21,019
	2012-1 (3)
	Advance Receivables Backed Notes, Series 2013-VF1,		1ML + 175 bps (6)	Oct. 2044	Oct. 2014	23,202		976,798			1,494,628
	Class A (5)
	Advance Receivables Backed Notes, Series 2013-VF2,		1ML + 167 bps (7)	Oct. 2044	Oct. 2014	10,954		472,758			385,645
	Class A (5)
	Advance Receivables Backed Notes, Series 2013-VF2,		1ML + 425 bps (8)	Oct. 2044	Oct. 2014	647		15,641			12,923
	Class B (5)
	Advance Receivables Backed Notes - Series 2014-VF3, Class A (9)		1ML + 175 bps (9)	Oct. 2044	Oct. 2014	11,601		488,399			—
						$	188,338	$	2,361,662		$	2,364,814
	Weighted average interest rate							2.04		%	2.08		%
	-1	The amortization date of our facilities 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. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
	-2	Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At March 31, 2014, none of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.
	-3	Advance facility assumed in the Homeward Acquisition. This facility was terminated on April 16, 2014, and the advances pledged to the facility were transferred to another facility.
	-4	1-Month LIBOR (1ML) was 0.15% and 0.17% at March 31, 2014 and December 31, 2013, respectively.
	-5	These notes were issued in connection with the OneWest MSR Transaction. On February 3, 2014, the maximum borrowing capacity on the 2013-VF2 notes was increased by $100.0 million to a total of $500.0 million. On March 17, 2014, the maximum borrowing capacity under the 2013-VF1 note declined by $500.0 million to a total of $1.0 billion.
	-6	The interest margin on these notes increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
	-7	The interest margin on these notes increases to 191 bps on July 15, 2014, to 215 bps on August 15, 2014 and 238 bps on September 15, 2014.
	-8	The interest margin on these notes increases to 486 bps on July 15, 2014, to 546 bps on August 15, 2014 and 607 bps on September 15, 2014.
	-9	This note was issued on March 17, 2014 with a maximum borrowing capacity of $500.0 million. The interest margin on this note increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
	Financing Liabilities
	Financing liabilities are comprised of the following at the dates indicated:
	Borrowings		Collateral	Interest Rate	Maturity	March 31, 2014		December 31, 2013
	Servicing:
	Financing liability – MSRs pledged		MSRs	-1	-1	$	634,399	$	633,804
	Secured Notes, Ocwen Asset Servicing Income Series, Series 2014-1 (2)		MSRs	-2	Feb. 2028	121,352		—
	Financing Liability – Advances Pledged (3)		Advances on loans	-3	-3	56,732		—
						812,483		633,804
	Lending:
	Financing liability - MSRs pledged		MSRs	-4	-4	10,202		17,593
	HMBS-related borrowings (5)		Loans held for investment	1ML + 220 bps	-5	870,462		615,576
						880,664		633,169
						$	1,693,147	$	1,266,973
	-1	The HLSS Transaction financing liabilities have no contractual maturity but are amortized over the estimated life of the transferred Rights to MSRs using the interest method with the servicing income that is remitted to HLSS representing payments of principal and interest. For purposes of applying the interest method, the balance of the liability is reduced each month based on the change in the present value of the estimated future cash flows underlying the related MSRs. See Note 4 — Sales of Advances and MSRs for additional information regarding the HLSS Transactions. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued unaudited Consolidated Financial Statements to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. The balance of the HLSS Transaction financing liabilities at March 31, 2014 and December 31, 2013 have been restated.
	-2	OASIS noteholders are entitled to receive a monthly payment amount equal to the sum of: a) the designated servicing fee amount (21 basis points of the UPB of the reference pool of Freddie Mac mortgages); b) any termination payment amounts; c) any excess refinance amounts; and d) the note redemption amounts, each as defined in the indenture supplement for the Notes. The Notes have a final stated maturity of February 2028. We accounted for this transaction as a financing. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the security.
	-3	Certain advances were sold to HLSS Mortgage on March 4, 2014. The sale of the advances did not qualify for sales accounting treatment and was accounted for as a financing. See Note 6 — Loans Held for Sale for additional information.
	-4	The financing liability is being amortized using the interest method with the servicing income that is remitted to the purchaser representing payments of principal and interest.
	-5	Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid. See Note 2 — Securitizations and Variable Interest Entities for additional information.
	Other Secured Borrowings
	Other secured borrowings are comprised of the following at the dates indicated:
	Borrowings		Collateral	Interest Rate	Maturity	Available Borrowing Capacity		March 31, 2014			December 31, 2013
	Servicing:
	SSTL (2)		-1	1-Month Euro-dollar rate + 375 bps with a Eurodollar floor of 125 bps (1)	Feb. 2018	$	—	$	1,287,000		$	1,290,250
	Promissory note (2)		MSRs	1ML + 350 bps	May-17	—		—			15,529
	Repurchase agreement		Loans held for sale (LHFS)	1ML + 200 - 345 bps	Apr. 2014	—		434			17,507
						—		1,287,434			1,323,286
	Lending:
	Master repurchase agreement (3)		LHFS	1ML + 175 bps	Apr. 2014	170,261		129,739			105,659
	Participation agreement (4)		LHFS	N/A	May-14	—		59,075			81,268
	Master repurchase agreement		LHFS	1ML + 175 - 275 bps	Jul. 2014	90,201		59,799			91,990
	Master repurchase agreement		LHFS	1ML + 175 - 200 bps	Sep. 2014	245,092		54,908			89,836
	Master repurchase agreement		LHFS	1ML + 275bps	Jul. 2014	72,894		27,106			51,975
	Mortgage warehouse agreement		LHFS	1ML + 275 bps; floor of 350 bps	Jun. 2014	43,480		16,520			34,292
						621,928		347,147			455,020
	Corporate Items and Other:
	Securities sold under an agreement to repurchase (5)		Ocwen Real Estate Asset Liquidating Trust 2007-1 Notes	Class A-2 notes: 1ML + 200 bps; Class A-3 notes: 1ML + 300 bps	Monthly	—		4,437			4,712
					621,928		1,639,018			1,783,018
Discount (1)					—		(5,019		)	(5,349		)
					$	621,928	$	1,633,999		$	1,777,669
Weighted average interest rate							5		%	4.86		%
-1	This facility had an initial balance of $1.3 billion and was issued with an original issue discount of $6.5 million that we are amortizing over the term of the loan. We are required to repay the principal amount of the borrowings in consecutive quarterly installments of $3.3 million. In addition, we are generally required to use the net cash proceeds (as defined) from any asset sale (as defined) to repay loan principal. This provision applies to non-operating sales of assets, and net cash proceeds represent the proceeds from the sale of the assets, net of the repayment of any debt secured by a lien on the assets sold. For assets sales that are part of an HLSS Transaction, we have the option, within 180 days, either to invest the net cash proceeds in MSRs or related assets, such as advances, or to repay loan principal. The borrowings are secured by a first priority security interest in substantially all of the assets of Ocwen. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 2.75% and a base rate floor of 2.25% or (b) the one month Eurodollar rate, plus a margin of 3.75% with a one month Eurodollar floor of 1.25%. To date we have elected option (b) to determine the interest rate.
-2	This note was repaid in full on February 28, 2014.
-3	On April 17, 2014, the maturity date of this facility was extended to April 16, 2015.
-4	Under this participation agreement, the lender provides financing on an uncommitted basis for $50.0 million to $90.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement.
-5	Represents repurchase agreement for Class A-2 and A-3 notes issued by Ocwen Real Estate Asset Liquidating Trust 2007-1 which have a current face value of $23.9 million at March 31, 2014. This agreement has no stated credit limit and lending is determined for each transaction based on the acceptability of the securities presented as collateral.
Covenants
Match funded liabilities and other secured borrowings are collateralized by specific assets. Under the terms of these borrowing agreements, we are subject to various qualitative and quantitative covenants. Collectively, these covenants include:
•	Specified net worth requirements;
•	Restrictions on future indebtedness; and
•	Monitoring and reporting of various specified transactions or events, including specific reporting on defined events affecting collateral underlying certain borrowing agreements.
Financial covenants in our borrowing agreements require that we maintain consolidated tangible net worth, the most restrictive of which is $630.0 million plus 65% of quarterly net income, without adjustment for quarterly net losses, beginning with the three months ended December 31, 2012. The required consolidated tangible net worth in connection with this agreement was $913.6 million at March 31, 2014. Should we fail to be in compliance with these requirements, remedies include but are not limited to, at the option of the facility provider, termination of further funding, acceleration of outstanding obligations, enforcement of liens against the assets securing or otherwise supporting the agreement, and other legal remedies. Our lenders can waive their contractual rights in the event of a default. Our borrowing agreements generally include cross default provisions such that a default under one agreement could trigger defaults under other agreements. We are in compliance with all of our qualitative and quantitative covenants at the date of these financial statements.

Other_Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]	'
Other Liabilities	'
	Note 13 — Other Liabilities
	Other liabilities were comprised of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Liability for indemnification obligations (1)	$	169,235	$	192,716
	Accrued expenses	97,156		108,870
	Due to related parties (2)	73,819		77,997
	Liability for certain foreclosure matters (3)	66,948		66,948
	Additional purchase price due seller - ResCap Acquisition (4)	—		54,220
	Payable to loan servicing and subservicing investors	44,666		33,501
	Checks held for escheat	23,283		24,392
	Liability for selected tax items	28,103		27,273
	Other	57,405		58,678
		$	560,615	$	644,595
	-1	See Note 21 — Commitments and Contingencies for additional information.
	-2	See Note 19 — Related Party Transactions for additional information.
	-3	See Note 21 — Commitments and Contingencies for additional information.
	-4	See Note 3 — Business Acquisitions for additional information.

Equity

Equity	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Equity	'
	Note 14 — Equity
	Common Stock
	On October 31, 2013, we announced that Ocwen’s Board of Directors had authorized a share repurchase program for an aggregate of up to $500.0 million of Ocwen’s issued and outstanding shares of common stock. Repurchases may be made in open market transactions at prevailing market prices or in privately negotiated transactions. Unless we amend the share repurchase program or repurchase the full $500.0 million amount by an earlier date, the share repurchase program will continue through July 2016. No assurances can be given as to the amount of shares, if any, that we may repurchase in any given period. The repurchase of shares issued in connection with the conversion of our Series A Perpetual Convertible Preferred Stock (the Preferred Shares) is not considered to be part of this repurchase program and, therefore, does not count against the $500.0 million aggregate value limit. During the three months ended March 31, 2014, we completed the repurchase of 60,000 shares of common stock in the open market under this program for a total purchase price of $2.3 million. Through March 31, 2014, we have completed the repurchase of 1,185,707 total shares of common stock under this program for an aggregate purchase price of $62.3 million. See Note 22 - Subsequent Events for information regarding repurchases completed subsequent to March 31, 2014.
	Accumulated Other Comprehensive Loss
	The components of accumulated other comprehensive loss (AOCL), net of income taxes, were as follows at the dates indicated:
		March 31, 2014		December 31, 2013
	Unrealized losses on cash flow hedges	$	9,418	$	10,026
	Other	124		125
		$	9,542	$	10,151
	See Note 15 — Derivative Financial Instruments and Hedging Activities for the changes in the components of AOCL for the three months ended March 31, 2014 and 2013.

Derivative_Financial_Instrumen

Derivative Financial Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Financial Instruments and Hedging Activities	'
	Note 15 — Derivative Financial Instruments and Hedging Activities
	Because many of our current derivative agreements are not exchange-traded, we are exposed to credit loss in the event of nonperformance by the counterparty to the agreements. We control this risk through credit monitoring procedures including financial analysis, dollar limits and other monitoring procedures. The notional amount of our contracts does not represent our exposure to credit loss.
	The following table summarizes the changes in the notional balances of our holdings of derivatives during the three months ended March 31, 2014:
		IRLCs				Forward MBS Trades				Interest Rate Caps
	Beginning notional balance	$	751,436			$	950,648			$	1,868,000
	Additions	1,220,165				749,786				100,000
	Amortization	94,571				—				(112,000		)
	Maturities	(1,134,684		)		(438,509		)		—
	Terminations	(310,295		)		(333,877		)		—
	Ending notional balance	$	621,193			$	928,048			$	1,856,000
	Fair value of derivative assets (liabilities) at:
	March 31, 2014	$	9,420			$	699			$	324
	December 31, 2013	$	8,433			$	6,905			$	442
	Maturity	April 2014 - July 2014				April 2014 - June 2014				Nov. 2016
	Foreign Currency Exchange Rate Risk Management
	We periodically enter into foreign exchange forward contracts to hedge against the effect of changes in the value of the India Rupee on amounts payable to our India subsidiaries. Our operations in Uruguay and the Philippines also expose us to foreign currency exchange rate risk, but we currently consider this risk to be insignificant.
	Interest Rate Management
	Match Funded Liabilities
	As disclosed in Note 5 — Fair Value, we terminated our interest rate swaps on May 31, 2013 primarily because the custodial account float balances, which earn a variable rate of interest, are well in excess of variable rate borrowings under advance facilities. The earnings on these deposits reduce our exposure to changes in interest rates. As required by the certain of our advance financing arrangements, we have purchased interest rate caps to minimize future interest rate exposure from increases in one-month LIBOR interest rates.
	Loans Held for Sale, at Fair Value
	The mortgage loans held for sale which we carry at fair value are subject to interest rate and price risk from the loan funding date until the date the loan is sold into the secondary market. Generally, the fair value of a loan will decline in value when interest rates increase and will rise in value when interest rates decrease. To mitigate this risk, we enter into forward MBS trades to provide an economic hedge against those changes in fair value on mortgage loans held for sale. Forward MBS trades are primarily used to fix the forward sales price that will be realized upon the sale of mortgage loans into the secondary market.
	Interest Rate Lock Commitments
	Outstanding IRLCs are subject to interest rate risk and related price risk during the period from the date of the commitment through the loan funding date or expiration date. The borrower is not obligated to obtain the loan, thus we are subject to fallout risk related to IRLCs, which is realized if approved borrowers choose not to close on the loans within the terms of the IRLCs. Our interest rate exposure on these derivative loan commitments is hedged with freestanding derivatives such as forward contracts. We enter into forward contracts with respect to fixed rate loan commitments.
	MSRs, at Fair Value
	Effective April 1, 2013, we terminated our hedging program for fair value MSRs. Prior to their termination, we used economic hedges including interest rate swaps, U.S. Treasury futures and forward contracts to minimize the effects of loss in value of these MSRs associated with increased prepayment activity that generally results from declining interest rates.
	The following summarizes our open derivative positions at March 31, 2014 and the gains (losses) on those and similar derivatives for the year to date then ended. None of the derivatives was designated as a hedge for accounting purposes at March 31, 2014:
	Purpose		Expiration Date		Notional Amount				Fair Value (1)				Gains / (Losses)			Consolidated Statement of Operations Caption
	Hedge the effect of changes in interest rates on interest expense on borrowings
	Interest rate caps
	Hedge the effect of changes in 1ML on advance funding facilities		Nov. 2016		$	1,856,000			$	324			$	(141	)	Other, net
	Interest rate risk of mortgage loans held for sale and of IRLCs
	Forward MBS trades		April 2014 - June 2014		928,048				699				(13,610		)	Gain on loans held for sale, net
	IRLCs		April 2014 - July 2014		621,193				9,420				986			Gain on loans held for sale, net
	Total derivatives								$	10,443			$	(12,765	)
	-1	Derivatives are reported at fair value in Receivables, Other assets and Other liabilities on our unaudited Consolidated Balance Sheet.
	Included in AOCL at March 31, 2014 and March 31, 2013, respectively, were $10.0 million and $16.1 million of deferred unrealized losses, before taxes of $0.6 million and $6.1 million, respectively, on the interest rate swaps that we designated as cash flow hedges. Changes in AOCL during three months ended March 31 were as follows:
		2014				2013
	Beginning balance	$	10,151			$	6,441
	Additional net losses on cash flow hedges	—				6,924
	Ineffectiveness of cash flow hedges reclassified to earnings	—				(657		)
	Losses on terminated hedging relationships amortized to earnings	(779		)		—
	Net increase (decrease) in accumulated losses on cash flow hedges	(779		)		6,267
	(Increase) decrease in deferred taxes on accumulated losses on cash flow hedges	171				(2,548		)
	Increase (decrease) in accumulated losses on cash flow hedges, net of taxes	(608		)		3,719
	Other, net of income taxes	(1		)		(40		)
	Ending balance	$	9,542			$	10,120
	Other income (expense), net, includes the following related to derivative financial instruments for three months ended March 31:
		2014				2013
	Losses on economic hedges	$	(141	)		$	(5,079	)
	Ineffectiveness of cash flow hedges	—				(657		)
	Write-off of losses in AOCL for a discontinued hedge relationship	(779		)		—
		$	(920	)		$	(5,736	)

Interest_Expense

Interest Expense	3 Months Ended
	Mar. 31, 2014
Other Income and Expenses [Abstract]	'
Interest Expense	'
	Note 16 — Interest Expense
	The following table presents the components of interest expense for the three months ended March 31:
		2014		2013
	Match funded liabilities	$	16,318	$	30,351
	Financing liabilities (1) (2)	100,230		40,612
	Other secured borrowings	21,284		15,954
	Other	2,041		2,542
		$	139,873	$	89,459
	-1	Includes interest expense of $99.0 million and $40.6 million during the three months ended March 31, 2014 and 2013, respectively, related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued unaudited Consolidated Financial Statements as of March 31, 2014 and for the reported periods to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. Interest expense on the HLSS Transaction financing liabilities for the three months ended March 31, 2014 and 2013 has been restated.
		2014		2013
	Servicing fees collected on behalf of HLSS	$	189,157	$	102,258
	Less: Subservicing fee retained by Ocwen	90,161		47,082
	Net servicing fees remitted to HLSS	98,996		55,176
	Less: Reduction in financing liability	—		14,593
	Interest expense on HLSS financing liability	$	98,996	$	40,583
	-2	Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues. See Note 2 — Securitizations and Variable Interest Entities for additional information.

Basic_and_Diluted_Earnings_per

Basic and Diluted Earnings per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Basic and Diluted Earnings per Share	'
	Note 17 — Basic and Diluted Earnings per Share
	Basic EPS excludes common stock equivalents and is calculated by dividing net income attributable to Ocwen common stockholders by the weighted average number of common shares outstanding during the year. We calculate diluted EPS by dividing net income attributable to Ocwen, as adjusted to add back preferred stock dividends, by the weighted average number of common shares outstanding including the potential dilutive common shares related to outstanding stock options, restricted stock awards and the Preferred Shares.
	The following is a reconciliation of the calculation of basic EPS to diluted EPS for the three months ended March 31:
		2014		2013
		(As Restated)		(As Restated)
	Basic EPS:
	Net income attributable to Ocwen common stockholders	$	59,504	$	46,338
	Weighted average shares of common stock	135,227,067		135,638,567
	Basic EPS	$	0.44	$	0.34
	Diluted EPS:
	Net income attributable to Ocwen common stockholders	$	59,504	$	46,338
	Preferred stock dividends (1)	997		—
	Adjusted net income attributable to Ocwen	$	60,501	$	46,338
	Weighted average shares of common stock	135,227,067		135,638,567
	Effect of dilutive elements:
	Preferred Shares (1)	1,950,298		—
	Stock options	3,908,333		3,902,390
	Common stock awards	3,757		18,200
	Dilutive weighted average shares of common stock	141,089,455		139,559,157
	Diluted EPS	$	0.43	$	0.33
	Stock options excluded from the computation of diluted EPS:
	Market-based (2)	547,500		1,535,000
	-1	The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. For purposes of computing diluted EPS, we assume the conversion of the Preferred Shares into shares of common stock unless the effect is anti-dilutive. Conversion of the Preferred Shares has not been assumed for the three months ended March 31, 2013 because the effect would have been antidilutive.
	-2	Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.

Business_Segment_Reporting

Business Segment Reporting	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Business Segment Reporting	'
	Note 18 — Business Segment Reporting
	Our business segments reflect the internal reporting that we use to evaluate operating performance of services and to assess the allocation of our resources. A brief description of our current business segments is as follows:
	Servicing. This segment is primarily comprised of our core residential servicing business. We provide residential and commercial mortgage loan servicing, special servicing and asset management services. We earn fees for providing these services to owners of the mortgage loans and foreclosed real estate. In most cases, we provide these services either because we purchased the MSRs from the owner of the mortgage, retained the MSRs on the sale of residential mortgage loans or because we entered into a subservicing or special servicing agreement with the entity that owns the MSR. Our residential servicing portfolio includes conventional, government insured and non-Agency loans. Non-Agency loans include subprime loans which represent residential loans that generally did not qualify under GSE guidelines or have subsequently become delinquent.
	Lending. The Lending segment is focused on originating and purchasing conventional and government insured residential forward and reverse mortgage loans mainly through our correspondent lending arrangements. We also commenced a direct lending business to pursue refinancing opportunities from our existing portfolio, where permitted. The loans are typically sold shortly after origination into a liquid market on a servicing retained basis.
	Corporate Items and Other. Corporate Items and Other includes items of revenue and expense that are not directly related to a business, business activities that are individually insignificant, interest income on short-term investments of cash, corporate debt and certain corporate expenses. Business activities that are not considered to be of continuing significance include subprime loans held for sale (at lower of cost or fair value), investments in unconsolidated entities and affordable housing investment activities. Corporate Items and Other also included the diversified fee-based businesses that we acquired as part of the Homeward and ResCap Acquisitions and subsequently sold to Altisource on March 29, 2013 and April 12, 2013, respectively.
	We allocate interest income and expense to each business segment for funds raised or for funding of investments made, including interest earned on cash balances and short-term investments and interest incurred on corporate debt. We also allocate expenses generated by corporate support services to each business segment.
	Financial information for our segments is as follows:
		Servicing			Lending			Corporate Items and Other			Corporate Eliminations			Business Segments Consolidated
		(As Restated)												(As Restated)
	Results of Operations
	For the three months ended March 31, 2014
	Revenue	$	520,823		$	28,767		$	1,711		$	(40	)	$	551,261
	Operating expenses (1)	307,933			31,464			9,837			(40		)	349,194
	Income (loss) from operations	212,890			(2,697		)	(8,126		)	—			202,067
	Other income (expense):
	Interest income	439			4,009			879			—			5,327
	Interest expense	(136,386		)	(3,451		)	(36		)	—			(139,873		)
	Other	(320		)	2,718			1,784			—			4,182
	Other income (expense), net	(136,267		)	3,276			2,627			—			(130,364		)
	Income (loss) before income taxes	$	76,623		$	579		$	(5,499	)	$	—		$	71,703
	For the three months ended March 31, 2013
	Revenue	$	376,083		$	13,908		$	16,713		$	(45	)	$	406,659
	Operating expenses (1)	211,504			11,098			20,969			(45		)	243,526
	Income (loss) from operations	164,579			2,810			(4,256		)	—			163,133
	Other income (expense):
	Interest income	(614		)	4,780			1,020			—			5,186
	Interest expense	(86,503		)	(2,829		)	(127		)	—			(89,459		)
	Other	(25,988		)	267			2,153			—			(23,568		)
	Other income (expense), net	(113,105		)	2,218			3,046			—			(107,841		)
	Income (loss) before income taxes	$	51,474		$	5,028		$	(1,210	)	$	—		$	55,292
		Servicing			Lending			Corporate Items and Other			Corporate Eliminations			Business Segments Consolidated
	Total Assets
	March 31, 2014	$	6,333,097		$	1,326,114		$	527,140		$	—		$	8,186,351
	December 31, 2013	$	6,295,976		$	1,195,812		$	435,215		$	—		$	7,927,003
	March 31, 2013	$	5,997,149		$	356,668		$	1,083,737		$	—		$	7,437,554
	-1	Depreciation and amortization expense are as follows:
		Servicing			Lending			Corporate Items and Other			Business Segments Consolidated
	For the three months ended March 31, 2014:
	Depreciation expense	$	2,820		$	105		$	2,615		$	5,540
	Amortization of mortgage servicing rights	61,779			115			200			62,094
	Amortization of debt discount	330			—			—			330
	Amortization of debt issuance costs – SSTL	1,087			—			—			1,087
	For the three months ended March 31, 2013:
	Depreciation expense	$	2,699		$	234		$	1,580		$	4,513
	Amortization of mortgage servicing rights	47,883			—			—			47,883
	Amortization of debt discount	424			—			—			424
	Amortization of debt issuance costs – SSTL	894			—			—			894

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 19 — Related Party Transactions
	Ocwen’s Executive Chairman of the Board of Directors, William C. Erbey, also serves as Chairman of the Board of Altisource, HLSS, Altisource Residential Corporation (Residential) and Altisource Asset Management Corporation (AAMC). As a result, he has obligations to Ocwen as well as to Altisource, HLSS, Residential and AAMC. As of March 31, 2014, Mr. Erbey owned or controlled approximately 13% of the common stock of Ocwen, approximately 27% of the common stock of Altisource, approximately 1% of the common stock of HLSS, approximately 25% of the common stock of AAMC and approximately 4% of the common stock of Residential. At March 31, 2014, Mr. Erbey also held 4,620,498 options to purchase Ocwen common stock, of which 2,845,498 were exercisable. On April 22, 2014, Mr. Erbey surrendered 1,000,000 of his options to purchase Ocwen common stock. At March 31, 2014, Mr. Erbey held 873,501 options to purchase Altisource common stock and 87,350 options to purchase AAMC common stock, all of which were exercisable.
	Our business is currently dependent on services and products provided by Altisource under various long-term contracts, including the Support Services, Services, Technology Products Services, Intellectual Property, Data Center and Disaster Recovery Services and Data Access and Services agreements, each of which include renewal provisions. We believe the rates charged under these agreements are market rates as they are materially consistent with one or more of the following: the fees charged by Altisource to other customers for comparable services and the rates Ocwen pays to or observes from other service providers.
	Ocwen and HLSS provide each other certain professional services including valuation analysis of potential MSR acquisitions, treasury management services and other similar services, legal, licensing and regulatory compliance support services, risk management services and other similar services under a Professional Services Agreement.
	As disclosed in Note 4 — Sales of Advances and MSRs, Ocwen has sold to HLSS certain Rights to MSRs and related servicing advances. We also entered into a subservicing agreement with HLSS on February 10, 2012, which was amended on October 1, 2012, under which OLS will subservice the MSRs after legal ownership of the MSRs has been transferred to HLSS. On February 4, 2014, we amended various sale supplements and servicing supplements entered into in connection with a Master Servicing Rights Purchase Agreement (MSRPA) dated as of October 1, 2012, and Master Subservicing Agreement dated as of October 1, 2012, with HLSS. Each of these amendments is effective as of October 1, 2013. In connection with the amendments to the supplements, if a mortgage loan included in a sale of Rights to MSRs is refinanced by us, the excess servicing fees and rights to MSRs related to the new mortgage loan are transferred to HLSS effective with the prepayment of the refinanced mortgage loan, subject to certain thresholds. The preceding applies only after the aggregate UPB of refinanced mortgage loans refinanced by us exceeds 0.5% of the aggregate UPB of all rights to MSRs sold to HLSS under the sale supplements measured as the current UPB of rights to MSRs as of the beginning of each calendar year plus the weighted average UPB of rights to MSRs sold during the year. In addition, the interest rate applied to Excess Servicing Advances, as defined in the MSRPA, was changed to one-month LIBOR plus 275 basis points.
	On March 3, 2014, in the Ginnie Mae EBO Transaction, Ocwen sold Ginnie Mae EBO Loans and related servicing advances to HLSS Mortgage for $612.3 million. See Note 6 — Loans Held for Sale for additional information.
	We have also entered into a long-term servicing and a support services agreement with Residential and AAMC, respectively.
	The following table summarizes revenues and expenses related to our agreements with Altisource, HLSS, AAMC and Residential (and, as applicable, their subsidiaries) for the three months ended March 31 and net amounts receivable or payable at the dates indicated:
		2014			2013
	Revenues and Expenses:
	Altisource:
	Revenues	$	8,499		$	4,233
	Expenses	17,364			11,692
	HLSS:
	Revenues	$	165		$	112
	Expenses	462			491
	AAMC
	Revenues	$	384		$	—
	Residential
	Revenues	$	2,148		$	41
		March 31, 2014			December 31, 2013
	Net Receivable (Payable)
	Altisource	$	(3,074	)	$	(3,843	)
	HLSS	(59,832		)	(59,505		)
	AAMC	304			943
	Residential	—			50
		$	(62,602	)	$	(62,355	)

Regulatory_Requirements

Regulatory Requirements	3 Months Ended
	Mar. 31, 2014
Brokers and Dealers [Abstract]	'
Regulatory Requirements	'
	Note 20 — Regulatory Requirements
	Regulation
	Our business is subject to extensive regulation by federal, state and local governmental authorities, including the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC) and various state agencies that license, audit and conduct examinations of our mortgage servicing, origination and collection activities. From time to time, we also receive requests from federal, state and local agencies for records, documents and information relating to our policies, procedures and practices regarding our mortgage servicing, origination and collection activities. In addition, the GSEs and their conservator, the Federal Housing Finance Authority (FHFA), Ginnie Mae, various investors, non-Agency securitization trustees and others also subject us to periodic reviews and audits.
	As a result of the current regulatory environment, we have faced and expect to continue to face increased regulatory and public scrutiny as well as stricter and more comprehensive regulation of our business. We continue to work diligently to assess and understand the implications of the regulatory environment in which we operate and the regulatory changes that we are facing. We devote substantial resources to regulatory compliance, while, at the same time, striving to meet the needs and expectations of our customers and clients.
	We must comply with a number of federal, state and local consumer protection laws including, among others, the Gramm-Leach-Bliley Act, the Fair Debt Collection Practices Act, the Real Estate Settlement Procedures Act (RESPA), the Truth in Lending Act (TILA), the Fair Credit Reporting Act, the Servicemembers Civil Relief Act, the Homeowners Protection Act, the Federal Trade Commission Act and, more recently, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and state foreclosure laws. These statutes apply to loan origination, debt collection, use of credit reports, safeguarding of non-public personally identifiable information about our customers, foreclosure and claims handling, investment of and interest payments on escrow balances and escrow payment features, and mandate certain disclosures and notices to borrowers. These requirements can and do change as statutes and regulations are enacted, promulgated or amended. The recent trend among federal, state and local lawmakers and regulators has been toward increasing laws, regulations and investigative proceedings with regard to residential real estate lenders and servicers.
	We expect to continue to incur substantial ongoing operational and system costs in order to comply with these laws and regulations. Furthermore, there may be additional federal or state laws enacted that place additional obligations on servicers and originators of residential mortgage loans.
	There are a number of foreign laws and regulations that are applicable to our operations in India, Uruguay and the Philippines, including acts that govern licensing, employment, safety, taxes, insurance and the laws and regulations that govern the creation, continuation and the winding up of companies as well as the relationships between shareholders, our corporate entities, the public and the government in these countries. Non-compliance with the laws and regulations of India, Uruguay or the Philippines could result in (i) restrictions on our operations in these counties, (ii) fines, penalties or sanctions or (iii) reputational damage.
	Capital Requirements
	Our Homeward, OLS and Liberty subsidiaries are licensed to originate and/or service forward and reverse mortgage loans in the jurisdictions in which they operate. The licensed entities are subject to minimum net worth requirements in connection with these licenses. These minimum net worth requirements are unique to each state and type of license. Failure to meet these minimum capital requirements can result in the initiation of certain mandatory actions by federal, state, and foreign agencies that could have a material effect on our results of operations and financial condition. The most restrictive of these requirements is based on the outstanding UPB of our owned and subserviced portfolio and was $820.4 million at March 31, 2014. Our licensed subsidiaries were in compliance with all of their capital requirements at March 31, 2014.
	Homeward, OLS and Liberty are also parties to seller/servicer agreements with one or more of the GSEs, FHA, VA and Ginnie Mae. These seller/servicer agreements contain financial covenants that include capital requirements related to tangible net worth, as defined in each agreement, as well as extensive requirements regarding servicing, selling and other matters. To the extent that these requirements are not met, the counterparty may, at its option, utilize a variety of remedies ranging from sanctions or suspension to termination of the seller/servicer agreements, which would prohibit future originations or securitizations of forward or reverse mortgage loans or being an approved seller/servicer. We were in compliance with these net worth requirements at March 31, 2014,

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 21 — Commitments and Contingencies
	Litigation Contingencies
	We are subject to various pending legal proceedings, including those subject to loss sharing and indemnification provisions of our various acquisitions. In our opinion, the resolution of those proceedings will not have a material effect on our financial condition, results of operations or cash flows.
	Regulatory Contingencies
	We are subject to a number of pending federal and state regulatory investigations, examinations, inquiries, requests for information and/or other actions.
	On December 5, 2012, we entered into a Consent Order with the NY DFS in which we agreed to the appointment of a Monitor to oversee our compliance with an Agreement on Servicing Practices. The Monitor began its work in 2013, and we continue to cooperate with the Monitor. We devote substantial resources to regulatory compliance, and we incur, and expect to continue to incur, significant ongoing costs with respect to compliance in connection with the Agreement on Servicing Practices and the work of the Monitor. In early February 2014, the NY DFS requested that Ocwen put an indefinite hold on an acquisition from Wells Fargo Bank, N.A. (Wells Fargo) of MSRs and related servicing advances relating to a portfolio of approximately 184,000 loans with a UPB of approximately $39.0 billion. The NY DFS expressed an interest in evaluating further our ability to handle more servicing. We have agreed to place the transaction on indefinite hold. We are cooperating with the NY DFS on this matter. We cannot currently estimate the outcome of the NY DFS evaluation. Actions by the NY DFS, if any, could have a material impact on Ocwen’s ongoing business and financial condition.
	On December 19, 2013, we reached an agreement, which was subject to court approval, involving the CFPB and various state attorneys general and other state agencies that regulate the mortgage servicing industry (Regulators). On February 26, 2014, the United States District Court for the District of Columbia entered a Consent Order memorializing the settlement. The settlement has four key elements:
	•	A commitment by Ocwen to service loans in accordance with specified servicing guidelines and to be subject to oversight by an independent national monitor for three years. Ocwen is presently subject to substantially the same guidelines and oversight with respect to the portion of its servicing portfolio acquired from ResCap in early 2013.
	•	A payment of $127.3 million, which includes a fixed amount for administrative expenses, to a consumer relief fund to be disbursed by an independent administrator to eligible borrowers. Pursuant to indemnification and loss sharing provisions of applicable acquisition documents, approximately half of this consumer relief fund payment is to be funded by the former owners of certain servicing portfolios previously acquired by Ocwen and integrated into Ocwen’s servicing platform. Ocwen established a reserve of $66.9 million with respect to its portion of the payment into the consumer relief fund. This reserve is expected to cover all of Ocwen’s portion of the consumer relief fund payment.
	•	A commitment by Ocwen to continue its principal forgiveness modification programs to delinquent and underwater borrowers, including underwater borrowers at imminent risk of default, in an aggregate amount of at least $2 billion over three years. These and all of Ocwen’s other loan modifications are designed to be sustainable for homeowners while providing a net present value for loan investors that is superior to that of foreclosure. Principal forgiveness as part of a loan modification is determined on a case-by-case basis in accordance with the applicable servicing agreement. Principal forgiveness does not involve an expense to Ocwen other than the operating expense incurred in arranging the modification, which is part of Ocwen’s role as loan servicer.
	•	Ocwen and the former owners of certain of the acquired servicing portfolios will receive from the Regulators comprehensive releases, subject to certain exceptions, from liability with respect to residential mortgage servicing, modification and foreclosure practices.
	On April 28, 2014, we received a letter from the staff of the New York Regional Office of the SEC (the “Staff”) informing us that it was conducting an investigation relating to Ocwen and making a request for voluntary production of documents and information relating to the April 22, 2014 surrender of certain options to purchase our common stock by Mr. Erbey, our Executive Chairman, including the 2007 Equity Incentive Plan and the related option grant and surrender documents. We intend to cooperate with the Staff in this matter.
	One or more of the foregoing regulatory actions or our failure to comply with the commitments we have made with respect to such regulatory actions or other regulatory actions in the future against us of a similar or different nature could cause us to incur fines, penalties, settlement costs, damages, legal fees or other charges in material amounts or could impose additional requirements or restrictions on our activities. Any of these occurrences could increase our operating expenses and reduce our revenues, hamper our ability to grow or otherwise materially and adversely affect our business, reputation, financial condition and results of operations.
	In addition to these matters, Ocwen receives periodic inquires, both formal and informal in nature, from various federal and state agencies, including those made as part of regulatory oversight of our mortgage servicing, origination and collection activities. Such ongoing inquiries, including those into servicer foreclosure processes, could result in additional actions by state or federal governmental bodies, regulators or the courts with respect to our mortgage servicing, origination and collection activities and could result in an extension of foreclosure timelines, which may be applicable generally to the servicing industry or to us in particular. In addition, a number of our match funded advance facilities contain provisions that limit the eligibility of advances to be financed based on the length of time that advances are outstanding, and two of our match funded advance facilities have provisions that limit new borrowings if average foreclosure timelines extend beyond a certain time period, either of which, if such provisions applied, could adversely affect liquidity by reducing our average effective advance rate. Increases in the amount of advances and the length of time to recover advances, fines or increases in operating expenses, and decreases in the advance rate and availability of financing for advances could result in increased borrowings, reduced cash and higher interest expense which could negatively impact our liquidity and profitability.
	Loan Repurchase Obligations and Related Contingencies
	We have exposure to representation, warranty and indemnification obligations because of our lending, sales and securitization activities and our acquisitions to the extent we assume one or more of these obligations and in connection with our servicing practices. At March 31, 2014, we had provided or assumed representation and warranty obligations in connection with $87.9 billion of UPB, covering both forward and reverse mortgage loans. At March 31, 2014, we had outstanding representation and warranty repurchase demands of $138.7 million UPB (701 loans). We review each demand and monitor through resolution, primarily through rescission, loan repurchase or make-whole payment.
	The following table presents the changes in our liability for indemnification obligations for the three months ended March 31, 2014, including representation and warranty obligations and compensatory fees for foreclosures that may ultimately exceed investor timelines:
	Balance at December 31, 2013	$	192,716
	Provision for representation and warranty obligations	7,266
	New production reserves	182
	Obligations assumed in connection with MSR and servicing business acquisitions	—
	Charge-offs and other (1)	(30,929		)
	Balance at March 31, 2014	$	169,235
	-1	Includes principal and interest losses realized in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.
	We believe that it is reasonably possible that losses beyond amounts currently recorded for potential representation and warranty obligations and related claims described above could occur, and such losses could have an adverse impact on our results of operations, financial condition or cash flows. However, based on currently available information, we are unable to estimate a range of reasonably possible losses above amounts that have been recorded at March 31, 2014.
	In several recent court actions, mortgage loan sellers against whom repurchase claims have been asserted based on alleged breaches of representations and warranties are defending on various grounds including the expiration of statutes of limitation, lack of notice and opportunity to cure and vitiation of the obligation to repurchase as a result of foreclosure or charge off of the loan. Ocwen is not a party to any of the actions, but we are the servicer for certain securitizations involved in such actions. Ocwen has entered into tolling agreements with respect to its role as servicer for a very small number of securitizations and may enter into additional tolling agreements in the future. Should Ocwen be made a party to these or similar actions, we may need to defend allegations that we failed to service loans in accordance with applicable agreements and that such failures prejudiced the rights of repurchase claimants against loan sellers. We believe that any such allegations would be without merit and, if necessary, would vigorously defend against them. If, however, we were required to compensate claimants for losses related to seller breaches of representations and warranties in respect of loans we service, then our business, financial condition and results of operations could be adversely affected.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 22 — Subsequent Events
	During April 2014, we completed the repurchase of 485,176 shares of Ocwen common stock in the open market for a total purchase price of $18.8 million.

Description_of_Business_Basis_1

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization	'
	Organization
	Ocwen Financial Corporation (NYSE: OCN) (Ocwen, we, us and our) is a financial services holding company which, through its subsidiaries, is engaged in the servicing and origination of forward and reverse mortgage loans. Ocwen is headquartered in Atlanta, Georgia with offices throughout the United States (U.S.) and in the United States Virgin Islands (USVI) with support operations in India, the Philippines and Uruguay. Ocwen is a Florida corporation organized in February 1988.
	Ocwen owns all of the common stock of its primary operating subsidiary, Ocwen Mortgage Servicing, Inc. (OMS), and directly or indirectly owns all of the outstanding stock of its other primary operating subsidiaries: Ocwen Loan Servicing, LLC (OLS), Ocwen Financial Solutions Private Limited, Homeward Residential, Inc. (Homeward), and Liberty Home Equity Solutions, Inc. (Liberty).
	In 2013, we completed acquisitions of mortgage servicing rights (MSRs) and servicing advances from, among others, OneWest Bank, FSB (OneWest MSR Transaction) and Ally Bank, a wholly-owned subsidiary of Ally Financial Inc. (Ally), the indirect parent of Residential Capital, LLC (ResCap) (Ally MSR Transaction), and acquisitions of servicing and origination platforms, including Liberty Home Equity Solutions, Inc. (Liberty) through a stock purchase agreement (Liberty Acquisition) and certain assets and operations of ResCap pursuant to a plan under Chapter 11 of the Bankruptcy Code (ResCap Acquisition). See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared in conformity with the instructions of the Securities and Exchange Commission (SEC) to Form 10-Q and SEC Regulation S-X, Article 10, Rule 10-01 for interim financial statements. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (GAAP) for complete financial statements. In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation. The results of operations and other data for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2014. The unaudited consolidated financial statements presented herein should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Amendment No. 1 to our Annual Report on Form 10-K for the year ended December 31, 2013.
Reclassifications	'
	Reclassifications
	Within the Total assets section of the unaudited Consolidated Balance sheet at December 31, 2013, we reclassified Debt service accounts of $129.9 million to Other assets to conform to the current year presentation.
	Certain insignificant amounts in the unaudited Consolidated Statement of Cash Flows for the three months ended March 31, 2013 have been reclassified to conform to the current year presentation. These reclassifications had no impact on our consolidated cash flows.
Use of Estimates and Assumptions	'
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the reported amounts of revenues and expenses during the reporting period and the related disclosures in the accompanying notes. Such estimates and assumptions include, but are not limited to, those that relate to fair value measurements, the provision for potential losses that may arise from litigation proceedings, representation and warranty and other indemnification obligations and the valuation of goodwill. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ because of uncertainties associated with estimating the amounts, timing and likelihood of possible outcomes.
Recent Accounting Pronouncements	'Recently Issued Accounting Standards Investments—Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-01)In January 2014, the FASB issued ASU 2014-01. This ASU permit entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the statement of operations as a component of income tax expense (benefit). The new standard is expected to enable more entities to qualify for the proportional amortization method than the number of entities that currently qualify for the effective yield method. ASU 2014-01 will be effective for us on January 1, 2015 with early adoption permitted. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.Receivables—Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-04)In January 2014, the FASB also issued ASU 2014-04. This ASU clarifies when an in substance repossession or foreclosure occurs such that the loan receivable should be derecognized and the real estate property recognized. An in substance repossession or foreclosure occurs upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. ASU 2014-04 requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.ASU 2014-04 will be effective for us on January 1, 2015 with early adoption permitted. An entity can elect to adopt the amendments using either a modified retrospective transition method or a prospective transition method. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (ASU 2014-08)In April 2014, the FASB issued ASU 2014-08. ASU 2014-08 changes the criteria for reporting discontinued operations. Under this ASU, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. A strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. A business activity that upon acquisition qualifies as held for sale will also be a discontinued operation. The new standard no longer precludes presentation as a discontinued operation if (i) there are operations and cash flows of the component that have not been eliminated from the reporting entity’s ongoing operations, or (ii) there is significant continuing involvement with a component after its disposal.New disclosures under this ASU include the requirement to present in the statement of cash flows or disclose in a note either (i) total operating and investing cash flows for discontinued operations, or (ii) depreciation, amortization, capital expenditures, and significant operating and investing noncash items related to discontinued operations. Assets and liabilities of a discontinued operation that are classified as held for sale or disposed of in the current period must be reclassified for the comparative periods presented in the balance sheet.ASU 2014-08 will be effective for us on January 1, 2015. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. We are currently evaluating the effect of adopting this standard effective January 1, 2015, but we do not anticipate that our adoption will have a material impact on our consolidated financial condition or results of operations.

Description_of_Business_Basis_2

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Schedule of Change in Accounting Estimate	'
	This change had the effect of reducing amortization expense and increasing both net income and earnings per share in our unaudited Consolidated Statement of Operations for the three months ended March 31, 2014 as follows:
	Reduction in Amortization of mortgage servicing rights	$	(25,998	)
	Increase in Net income attributable to Ocwen common stockholders	$	22,755
	Increase in Earnings per share attributable to Ocwen common stockholders:
	Basic	$	0.17
	Diluted	$	0.16

Restatement_of_Previously_Issu1

Restatement of Previously Issued Consolidated Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
Schedule of Effects of Restatement	'
	The following tables summarize the effect of these restatements at and for the periods indicated:
		Consolidated Balance Sheet as of March 30, 2014
		As Reported			Restatement			As Restated
	Deferred tax assets, net	$	118,156		$	924		$	119,080
	Total assets	8,185,427			924			8,186,351
	Financing liabilities	1,693,147			—			1,693,147
	Total liabilities	6,249,423			—			6,249,423
	Retained earnings	1,061,543			924			1,062,467
	Total stockholders’ equity	1,872,717			924			1,873,641
		Consolidated Balance Sheet as of December 31, 2013
		As Reported			Restatement			As Restated
	Deferred tax assets, net	$	116,558		$	(987	)	$	115,571
	Financing liabilities	1,284,229			(17,256		)	1,266,973
	Total liabilities	6,071,307			(17,256		)	6,054,051
	Retained earnings	986,694			16,269			1,002,963
	Total stockholders’ equity	1,796,322			16,269			1,812,591
		Consolidated Statement of Operations for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Interest expense	$	(122,616	)	$	(17,257	)	$	(139,873	)
	Total other expense, net	(113,107		)	(17,257		)	(130,364		)
	Income before income taxes	88,960			(17,257		)	71,703
	Income tax expense	13,129			(1,912		)	11,217
	Net income	75,831			(15,345		)	60,486
	Net income attributable to Ocwen stockholders	75,846			(15,345		)	60,501
	Net income attributable to Ocwen common stockholders	74,849			(15,345		)	59,504
	Earnings per share attributable to Ocwen common stockholders
	Basic	$	0.55		$	(0.11	)	$	0.44
	Diluted	$	0.54		$	(0.11	)	$	0.43
		Consolidated Statement of Operations for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Interest expense	$	(93,416	)	$	3,957		$	(89,459	)
	Total other expense, net	(111,798		)	3,957			(107,841		)
	Income before income taxes	51,335			3,957			55,292
	Income tax expense	6,188			195			6,383
	Net income	45,147			3,762			48,909
	Net income attributable to Ocwen stockholders	45,147			3,762			48,909
	Net income attributable to Ocwen common stockholders	42,576			3,762			46,338
	Earnings per share attributable to Ocwen common stockholders
	Basic	$	0.31		$	0.03		$	0.34
	Diluted	$	0.31		$	0.02		$	0.33
		Consolidated Statement of Comprehensive Income for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net Income	$	75,831		$	(15,345	)	$	60,486
	Comprehensive income attributable to Ocwen stockholders	76,440			(15,345		)	61,095
		Consolidated Statement of Comprehensive Income for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Net Income	$	45,147		$	3,762		$	48,909
	Comprehensive income attributable to Ocwen stockholders	41,468			3,762			45,230
		Consolidated Statement of Changes in Equity for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net Income	$	75,831		$	(15,345	)	$	60,486
		Consolidated Statement of Changes in Equity for the Three Months Ended March 31, 2013
		As Reported			Restatement			As Restated
	Net Income	$	45,147		$	3,762		$	48,909
		Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2014
		As Reported			Restatement			As Restated
	Net income	$	75,846		$	(15,345	)	$	60,501
	Adjustments to reconcile net income to net cash provided by operating activities:
	Other, net	21,000			(1,911		)	19,089
	Net cash provided by operating activities	213,038			(17,256		)	195,782
	Repayments of other borrowings	(1,670,159		)	17,256			(1,652,903		)
	Net cash provided by financing activities	229,056			17,256			246,312
		Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2013
	As Reported			Restatement			As Restated
Net income	$	45,147		$	3,762		$	48,909
Adjustments to reconcile net income to net cash provided by operating activities:
Other, net	9,614			195			9,809
Net cash provided by operating activities	401,941			3,957			405,898
Repayments of other borrowings	(2,985,417		)	(3,957		)	(2,989,374		)
Net cash provided by financing activities	1,320,387			(3,957		)	1,316,430

Securitization_and_Variable_In1

Securitization and Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Schedule of Cash Flows Related to Transfers Accounted for as Sales	'
	The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers accounted for as sales that were outstanding during the three months ended March 31:
		2014		2013
	Proceeds received from securitizations	$	1,534,251	$	2,576,792
	Servicing fees collected	5,194		1,518
		$	1,539,445	$	2,578,310
Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance	'
	The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as our maximum exposure to loss including the UPB of the transferred loans at the dates indicated:
		March 31, 2014		December 31, 2013
	Carrying value of assets:
	Mortgage servicing rights, at amortized cost	$	49,219	$	44,615
	Mortgage servicing rights, at fair value	3,079		3,075
	Advances and match funded advances	11,069		15,888
	Unpaid principal balance of loans transferred (1)	6,497,814		5,641,277
	Maximum exposure to loss	$	6,561,181	$	5,704,855
	-1	The UPB of the loans transferred is the maximum exposure to loss under our standard representations and warranties obligations.

Business_Acquisitions_Tables

Business Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2014
Business Acquisition [Line Items]	'
Schedule of Purchase Price Allocation	'
	The following table summarizes the fair values of assets acquired and liabilities assumed as part of the ResCap Acquisition:
	Purchase Price Allocation	15-Feb-13			Adjustments			Final
	MSRs (1)	$	393,891		$	7,423		$	401,314
	Advances and match funded advances (1)	1,622,348			164,061			1,786,409
	Deferred tax assets	—			—			—
	Premises and equipment	22,398			(5,975		)	16,423
	Receivables and other assets	2,989			—			2,989
	Other liabilities:
	Liability for indemnification obligations	(49,500		)	—			(49,500		)
	Other	(24,840		)	(285		)	(25,125		)
	Total identifiable net assets	1,967,286			165,224			2,132,510
	Goodwill	204,743			6,676			211,419
	Total consideration	$	2,172,029		$	171,900		$	2,343,929
	-1	As of the acquisition date, the purchase of certain MSRs from ResCap was not complete pending the receipt of certain consents and court approvals. Subsequent to the acquisition, we obtained the required consents and approvals for a portion of these MSRs and paid an additional purchase price of $174.6 million to acquire the MSRs and related advances, including $54.2 million in 2014. The purchase price allocation has been revised to include the resulting adjustments to MSRs, advances and goodwill.
Schedule of Restructuring Reserve Liability	'
	The following table provides a reconciliation of the beginning and ending liability balances for these termination costs:
		Employee termination benefits			Lease termination costs			Total
	Liability balance as at December 31, 2013	$	4,816		$	2,454		$	7,270
	Additions charged to operations (1)	10,584			—			10,584
	Amortization of discount	—			42			42
	Payments	(10,370		)	(341		)	(10,711		)
	Liability balance as at March 31, 2014 (2)	$	5,030		$	2,155		$	7,185
	-1	$9.5 million was recognized in the Servicing segment, $(0.1) million was recognized in the Lending segment and the remaining $1.2 million was recognized in the Corporate Items and Other segment. Charges related to employee termination benefits are reported in Compensation and benefits expense in the unaudited Consolidated Statement of Operations. The liabilities are included in Other liabilities in the unaudited Consolidated Balance Sheet.
	-2	We expect the remaining liability for employee termination benefits at March 31, 2014 to be settled in 2014.
ResCap [Member]	'
Business Acquisition [Line Items]	'
Post-Acquisition Results of Operations	'
	The following table presents the revenue and earnings of the ResCap operations that are included in our unaudited Consolidated Statement of Operations from the acquisition date of February 15, 2013 through March 31, 2013:
	Revenues		$	74,853
	Net income		$	14,879
Pro Forma Results of Operations	'
	The following table presents unaudited supplemental pro forma information for Ocwen for the three months ended March 31, 2013 as if the ResCap Acquisition occurred on January 1, 2012. Pro forma adjustments include:
	•	conforming servicing revenues to the revenue recognition policies followed by Ocwen;
	•	conforming the accounting for MSRs to the valuation and amortization policies of Ocwen;
	•	adjusting interest expense to eliminate the pre-acquisition interest expense of ResCap and to recognize interest expense as if the acquisition-related debt of Ocwen had been outstanding at January 1, 2012; and
	•	reporting acquisition-related charges for professional services as if they had been incurred in 2012 rather than 2013.
	Revenues	$	454,003
	Net income	$	36,303

Sales_of_Advances_and_MSRs_Tab

Sales of Advances and MSRs (Tables)	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing of Financial Assets [Abstract]	'
Summary of the Assets and Liabilities Sold to HLSS	'
	The following table provides a summary of the assets and liabilities sold in connection with the HLSS Transactions during the three months ended March 31, 2013:
	Sale of MSRs accounted for as a financing	$	100,707
	Sale of advances and match funded advances	703,206
	Sales price, as adjusted	803,913
	Amount due to (from) HLSS for post-closing adjustments at March 31	10,406
	Cash received on current year sales	814,319
	Amount received from HLSS as settlement of post-closing adjustments outstanding at the end of the previous year	—
	Total cash received	$	814,319

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value Assets and Liabilities	'
	The carrying amounts and the estimated fair values of our financial instruments and our nonfinancial assets measured at fair value on a recurring or non-recurring basis are as follows at the dates indicated:
				March 31, 2014								December 31, 2013
		Level		Carrying Value				Fair Value				Carrying Value				Fair Value
	Financial assets:
	Loans held for sale:
	Loans held for sale, at fair value (a)	2		$	338,228			$	338,228			$	503,753			$	503,753
	Loans held for sale, at lower of cost or fair value (b)	3		45,475				45,475				62,907				62,907
	Total Loans held for sale			$	383,703			$	383,703			$	566,660			$	566,660
	Loans held for investment - Reverse mortgages, at fair value (a)	3		$	923,464			$	923,464			$	618,018			$	618,018
	Advances and match funded advances (c)	3		3,593,780				3,593,780				3,443,215				3,443,215
	Receivables, net (c)	3		182,724				182,724				152,516				152,516
	Financial liabilities:
	Match funded liabilities (c)	3		$	2,361,662			$	2,361,662			$	2,364,814			$	2,364,814
	Financing liabilities:
	HMBS-related borrowings, at fair value (a)	3		$	870,462			$	870,462			$	615,576			$	615,576
	Other (c)	3		822,685				822,685				651,397				651,397
	Total Financing liabilities			$	1,693,147			$	1,693,147			$	1,266,973			$	1,266,973
	Other secured borrowings:
	Senior secured term loan (c)	3		$	1,281,981			$	1,267,043			$	1,284,901			$	1,270,108
	Other (c)	3		352,018				352,018				492,768				492,768
	Total Other secured borrowings			$	1,633,999			$	1,619,061			$	1,777,669			$	1,762,876
	Derivative financial instruments (a):
	IRLCs	2		$	9,420			$	9,420			$	8,433			$	8,433
	Forward MBS trades	1		699				699				6,905				6,905
	Interest rate caps	3		324				324				442				442
	MSRs:
	MSRs, at fair value (a)	3		$	110,826			$	110,826			$	116,029			$	116,029
	MSRs, at amortized cost (c)	3		1,929,529				2,774,910				1,953,352				2,441,719
	Total MSRs			$	2,040,355			$	2,885,736			$	2,069,381			$	2,557,748
	(a)	Measured at fair value on a recurring basis.
	(b)	Measured at fair value on a non-recurring basis.
	(c)	Disclosed, but not carried, at fair value.
Reconciliation of Level 3 Assets	'
	The following tables present a reconciliation of the changes in fair value of Level 3 assets and liabilities that we measure at fair value on a recurring basis:
		Loans Held for Investment - Reverse Mortgages				HMBS-Related Borrowings				Derivative Financial Instruments, net				MSRs				Total
	Fair value at January 1, 2014	$	618,018			$	(615,576	)		$	442			$	116,029			$	118,913
	Purchases, issuances, sales and settlements:
	Purchases	—				—				—				—				—
	Issuances	176,658				(226,626		)		24				—				(49,944		)
	Transfer from loans held for sale, at fair value	110,874				—				—				—				110,874
	Sales	—				—				—				—				—
	Settlements	(14,029		)		5,386				—				—				(8,643		)
		273,503				(221,240		)		24				—				52,287
	Total realized and unrealized gains and (losses): (1)
	Included in earnings	31,943				(33,646		)		(142		)		(5,203		)		(7,048		)
	Included in Other comprehensive income (loss)	—				—				—				—				—
		31,943				(33,646		)		(142		)		(5,203		)		(7,048		)
	Transfers in and / or out of Level 3	—				—				—				—				—
	Fair value at March 31, 2014	$	923,464			$	(870,462	)		$	324			$	110,826			$	164,152
			Derivative Financial Instruments, net				MSRs				Total
	Fair value at January 1, 2013		$	(10,668	)		$	85,213			$	74,545
	Purchases, issuances, sales and settlements:
	Purchases		—				—				—
	Issuances		—				—				—
	Sales		—				—				—
	Settlements		310				—				310
			310				—				310
	Total realized and unrealized gains and (losses) (1):
	Included in earnings		(1,353		)		(679		)		(2,032		)
	Included in Other comprehensive income (loss)		(6,924		)		—				(6,924		)
			(8,277		)		(679		)		(8,956		)
	Transfers in and / or out of Level 3		—				—				—
	Fair value at March 31, 2013		$	(18,635	)		$	84,534			$	65,899
	-1	Total losses attributable to derivative financial instruments still held at March 31, 2014 and March 31, 2013 were $0.1 million and $4.8 million, respectively.

Loans_Held_for_Sale_Tables

Loans Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Schedule of Loans Held for Sale Fair Value	'
	The following table summarizes the activity in the balance of Loans held for sale, at fair value, during the three months ended March 31:
		2014			2013
	Beginning balance	$	503,753		$	426,480
	Originations and purchases	1,416,797			2,462,531
	Proceeds from sales	(1,481,403		)	(2,563,247		)
	Transfers to loans held for investment - reverse mortgages	(110,874		)	—
	Gain (loss) on sale of loans	12,863			(29,786		)
	Other	(2,908		)	(464		)
	Ending balance	$	338,228		$	295,514
Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity	'
	The following table summarizes the activity in the balance of Loans held for sale, at lower of cost or fair value, during the three months ended March 31:
		2014			2013
	Beginning balance	$	62,907		$	82,866
	Purchases	959,756			53,674
	Proceeds from sales	(835,786		)	(66,868		)
	Principal payments	(96,300		)	(460		)
	Transfers to accounts receivable	(66,187		)	—
	Gain on sale of loans	23,031			1,423
	Increase in valuation allowance	(4,163		)	(7,269		)
	Modifications, charge offs and other	2,217			(751		)
	Ending balance	$	45,475		$	62,615
Schedule of Gains on Loans Held for Sale	'
	The following table summarizes the activity in Gain on loans held for sale, net, during the three months ended March 31:
		2014			2013
	Gain on sales of loans (1)(2)	$	54,993		$	(1,081	)
	Change in fair value of IRLCs	986			(1,237		)
	Change in fair value of loans held for sale	1,800			(440		)
	Gain (loss) on economic hedge instruments	(13,610		)	10,189
	Other	(182		)	(682		)
		$	43,987		$	6,749
	-1	Includes gains of $11.6 million and $28.7 million for the three months ended March 31, 2014 and 2013, respectively, representing the value assigned to MSRs retained on sales of loans. Also includes gains of $22.8 million recorded during the three months ended March 31, 2014 on sales of repurchased loans into Ginnie Mae guaranteed securitizations.
	-2	Includes gains of $16.1 million recorded during the three months ended March 31, 2014 in connection with sales of reverse mortgages into Ginnie Mae guaranteed securitizations.

Advances_Tables

Advances (Tables)	3 Months Ended
	Mar. 31, 2014
Advances [Abstract]	'
Schedule of Advance Payments by Financial Institution on Foreclosed Properties	'
	Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:
		March 31, 2014			December 31, 2013
	Servicing:
	Principal and interest	$	189,338		$	141,307
	Taxes and insurance	465,359			477,039
	Foreclosures, bankruptcy and other	278,713			268,053
		933,410			886,399
	Corporate Items and Other	4,516			4,433
		$	937,926		$	890,832
	Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
		March 31, 2014			December 31, 2013
	Principal and interest	$	1,589,396		$	1,497,649
	Taxes and insurance	847,615			830,113
	Foreclosures, bankruptcy, real estate and other	218,843			224,621
		$	2,655,854		$	2,552,383
Schedule of Activity in Advances	'
	The following table summarizes the activity in advances for the three months ended March 31:
		2014			2013
	Beginning balance	$	890,832		$	184,463
	Acquisitions (1)	98,875			205,365
	Transfers to match funded advances	(10,156		)	—
	Sales of advances to HLSS	—			(38,313		)
	(Collections) new advances, net	(41,625		)	210,046
	Ending balance	$	937,926		$	561,561
	-1	Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs. See Note 3 — Business Acquisitions, Note 6 — Loans Held for Sale and Note 9 — Mortgage Servicing for additional information.

Match_Funded_Advance_Tables

Match Funded Advance (Tables)	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Schedule of Advance Payments by Financial Institution on Foreclosed Properties	'
	Advances, net, representing payments made on behalf of borrowers or on foreclosed properties, consisted of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Servicing:
	Principal and interest	$	189,338	$	141,307
	Taxes and insurance	465,359		477,039
	Foreclosures, bankruptcy and other	278,713		268,053
		933,410		886,399
	Corporate Items and Other	4,516		4,433
		$	937,926	$	890,832
	Match funded advances on residential loans we service for others are comprised of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Principal and interest	$	1,589,396	$	1,497,649
	Taxes and insurance	847,615		830,113
	Foreclosures, bankruptcy, real estate and other	218,843		224,621
		$	2,655,854	$	2,552,383
Schedule of Activity In Match Funded Advances	'
	The following table summarizes the activity in match funded advances for the three months ended March 31:
		2014		2013
	Beginning balance	$	2,552,383	$	3,049,244
	Acquisitions (1)	85,521		1,448,371
	Transfers from advances	10,156		—
	Sales of advances to HLSS	—		(664,893		)
	New advances (collections), net	7,794		(396,639		)
	Ending balance	$	2,655,854	$	3,436,083
	-1	Servicing advances acquired in connection with the acquisitions of MSRs through business acquisitions and asset acquisitions. See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.

Tables

(Tables)	3 Months Ended
	Mar. 31, 2014
Transfers and Servicing [Abstract]	'
Schedule of Activity Related to MSRs - Amortization Method	'
	The following tables summarize the activity in the carrying value of amortization method servicing assets for the three months ended March 31:
			2014				2013
	Beginning balance		$	1,953,352			$	678,937
	Additions recognized in connection with business acquisitions:
	OSI (1)		8,954				—
	ResCap Acquisition (1)		11,370				393,891
	Additions recognized in connection with asset acquisitions:
	OneWest MSR Transaction (2)		1,516				—
	Greenpoint MSR Transaction (3)		3,700				—
	Other		1,481				972
	Additions recognized on the sale of mortgage loans		11,614				28,705
	Servicing transfers and adjustments		(364		)		(124		)
	Amortization (4)		(62,094		)		(47,987		)
	Ending balance		$	1,929,529			$	1,054,394
	Estimated fair value at end of period		$	2,774,910			$	1,288,732
	-1	See Note 3 — Business Acquisitions for additional information regarding MSRs recognized in connection with business acquisitions.
	-2	The acquired MSRs relate to mortgage loans with a UPB of $1.1 billion and related servicing advances of $34.3 million acquired in the final closing of the OneWest MSR Transaction. The OneWest MSR Transaction closed in stages, and the majority of loans were boarded onto our primary servicing platform as of December 31, 2013.
	-3	The acquired MSRs relate to mortgage loans with a UPB of $948.9 million and related servicing advances of $47.6 million.
	-4	In the unaudited Consolidated Statement of Operations, Amortization of mortgage servicing rights is reported net of the amortization of servicing liabilities and includes the amount of charges we recognized to increase servicing liability obligations.
Schedule of Expected Amortization Expense	'
	The estimated amortization expense for MSRs, calculated based on assumptions used at March 31, 2014, is projected as follows over the next five years (See Note 1 — Description of Business and Basis of Presentation regarding a change in accounting estimate applicable to MRS amortization.):
	2015	$	227,807
	2016	193,589
	2017	166,401
	2018	143,094
	2019	68,417
Schedule of Activity Related to MSRs - Fair Value Measurement Method	'
	The following table summarizes the activity related to fair value servicing assets for the three months ended March 31:
		2014				2013
	Beginning balance	$	116,029			$	85,213
	Changes in fair value (1):
	Changes in market value assumptions	(3,155		)		4,650
	Realization of cash flows and other changes	(2,048		)		(5,329		)
	Ending balance	$	110,826			$	84,534
	-1	Changes in fair value are recognized in Servicing and origination expense in the unaudited Consolidated Statement of Operations.
Schedule of Estimated Change in the Fair Value of Our MSRs	'
	The following table summarizes the estimated change in the value of the MSRs that we carry at fair value as of March 31, 2014 given hypothetical instantaneous parallel shifts in the yield curve:
		Adverse change in fair value
		10%				20%
	Weighted average prepayment speeds	$	(8,475	)		$	(16,635	)
	Discount rate (Option-adjusted spread)	$	(4,881	)		$	(9,371	)
Schedule of Composition of Servicing and Subservicing Portfolios by Type of Property Serviced	'
	The following table presents the composition of our primary servicing and subservicing portfolios by type of property serviced as measured by UPB. The servicing portfolio represents loans for which we own the MSRs while subservicing represents all other loans. The UPB of assets serviced for others are not included on our unaudited Consolidated Balance Sheets.
		Residential				Commercial				Total
	UPB at March 31, 2014
	Servicing (1)	$	391,701,237			$	—			$	391,701,237
	Subservicing	57,869,359				318,507				58,187,866
		$	449,570,596			$	318,507			$	449,889,103
	UPB at December 31, 2013
	Servicing (1)	$	397,546,635			$	—			$	397,546,635
	Subservicing	67,104,697				400,502				67,505,199
		$	464,651,332			$	400,502			$	465,051,834
	UPB at March 31, 2013
	Servicing (1)	$	272,252,405			$	—			$	272,252,405
	Subservicing	194,819,256				392,584				195,211,840
		$	467,071,661			$	392,584			$	467,464,245
	-1	Includes primary servicing UPB of $170.8 billion, $175.1 billion and $92.5 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, for which the Rights to MSRs have been sold to HLSS.
Schedule of Components of Servicing and Subservicing Fees	'
	The following table presents the components of servicing and subservicing fees for the three months ended March 31:
		2014				2013
	Loan servicing and subservicing fees:
	Servicing	$	351,823			$	235,156
	Subservicing	33,725				33,866
		385,548				269,022
	Home Affordable Modification Program (HAMP) fees	36,699				40,147
	Late charges	36,835				25,896
	Loan collection fees	8,294				6,382
	Custodial accounts (float earnings)	1,721				1,680
	Other	21,362				26,182
		$	490,459			$	369,309

Receivables_Tables

Receivables (Tables)	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Schedule of Receivables	'
	Receivables consisted of the following at the dates indicated:
		Receivables		Allowance for Losses			Net
	March 31, 2014
	Servicing (1)	$	175,029	$	(23,291	)	$	151,738
	Due from related parties (2)	11,217		—			11,217
	Other (3)	19,872		(103		)	19,769
		$	206,118	$	(23,394	)	$	182,724
	December 31, 2013
	Servicing (1)	$	124,537	$	(17,419	)	$	107,118
	Income taxes receivable	6,369		—			6,369
	Due from related parties (2)	14,553		—			14,553
	Other (3)	24,579		(103		)	24,476
		$	170,038	$	(17,522	)	$	152,516
	-1	The balances at March 31, 2014 and December 31, 2013 arise from our Servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees. The balances at March 31, 2014 and December 31, 2013 include $59.8 million and $54.0 million of receivables and $16.4 million and $14.0 million of allowances for losses, respectively, related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations.
	-2	See Note 19 — Related Party Transactions for additional information regarding transactions with Altisource and HLSS.
	-3	Includes $13.6 million related to probable losses expected to be indemnified under the terms of the Homeward merger agreement.

Other_Assets_Tables

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Other Assets [Abstract]	'
Schedule of Other Assets	'
	Other assets consisted of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Debt service accounts (1)	$	82,630	$	129,897
	Contingent assets - ResCap Acquisition (2)	—		51,932
	Prepaid lender fees and debt issuance costs, net	32,151		31,481
	Prepaid income taxes	25,334		20,585
	Purchase price deposit (3)	25,000		10,000
	Prepaid expenses	12,956		16,132
	Derivatives, at fair value (4)	10,409		15,494
	Investment in unconsolidated entities (5)	6,646		11,771
	Other	33,979		21,851
		$	229,105	$	309,143
	-1	Under our advance funding facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. The collected funds are not applied to reduce the related match funded debt until the payment dates specified in the indenture. The balances also include amounts that have been set aside from the proceeds of our match funded advance facilities and certain of our warehouse facilities to provide for possible shortfalls in the funds available to pay certain expenses and interest. The funds related to match funded facilities are held in interest earning accounts in the name of the SPE created in connection with the facility.
	-2	As disclosed in Note 3 — Business Acquisitions, the purchase of certain MSRs and related advances from ResCap was not complete on the date of acquisition pending the receipt of certain consents and court approvals. We recorded a contingent asset effective on the date of the acquisition until we subsequently obtained the required consents and approvals for the MSRs and paid the additional purchase price.
	-3	The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit along with an additional deposit of $15.0 million that we made in January 2014 will be held in escrow until the transaction closes. See Note 21 - Commitments and Contingencies for additional information.
	-4	See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information regarding derivatives.
	-5	The balance at December 31, 2013 includes an investment of $6.6 million in OSI. As disclosed in Note 3 — Business Acquisitions, we increased our ownership from 26.00% to 87.35% on January 31, 2014. Effective on that date, we began including the accounts of OSI in our consolidated financial statements and eliminated our current investment in consolidation.

Borrowings_Tables

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Match Funded Liabilities	'
	Match funded liabilities are comprised of the following at the dates indicated:
	Borrowing Type		Interest Rate	Maturity (1)	Amortization Date (1)	Available Borrowing Capacity (2)		March 31, 2014			December 31, 2013
	Advance Receivable Backed Notes Series 2012-ADV1		1ML (4) + 250 bps	Jun. 2016	Jun. 2014	$	121,742	$	353,258		$	417,388
	Advance Receivable Backed		1ML + 300 bps	Dec. 2015	Dec. 2014	18,630		31,370			33,211
	Note
	2012-Homeward Agency Advance Funding Trust		Cost of Funds + 300 bps	Mar. 2014	Mar. 2014	1,562		23,438			21,019
	2012-1 (3)
	Advance Receivables Backed Notes, Series 2013-VF1,		1ML + 175 bps (6)	Oct. 2044	Oct. 2014	23,202		976,798			1,494,628
	Class A (5)
	Advance Receivables Backed Notes, Series 2013-VF2,		1ML + 167 bps (7)	Oct. 2044	Oct. 2014	10,954		472,758			385,645
	Class A (5)
	Advance Receivables Backed Notes, Series 2013-VF2,		1ML + 425 bps (8)	Oct. 2044	Oct. 2014	647		15,641			12,923
	Class B (5)
	Advance Receivables Backed Notes - Series 2014-VF3, Class A (9)		1ML + 175 bps (9)	Oct. 2044	Oct. 2014	11,601		488,399			—
						$	188,338	$	2,361,662		$	2,364,814
	Weighted average interest rate							2.04		%	2.08		%
	-1	The amortization date of our facilities 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. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.
	-2	Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At March 31, 2014, none of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.
	-3	Advance facility assumed in the Homeward Acquisition. This facility was terminated on April 16, 2014, and the advances pledged to the facility were transferred to another facility.
	-4	1-Month LIBOR (1ML) was 0.15% and 0.17% at March 31, 2014 and December 31, 2013, respectively.
	-5	These notes were issued in connection with the OneWest MSR Transaction. On February 3, 2014, the maximum borrowing capacity on the 2013-VF2 notes was increased by $100.0 million to a total of $500.0 million. On March 17, 2014, the maximum borrowing capacity under the 2013-VF1 note declined by $500.0 million to a total of $1.0 billion.
	-6	The interest margin on these notes increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
	-7	The interest margin on these notes increases to 191 bps on July 15, 2014, to 215 bps on August 15, 2014 and 238 bps on September 15, 2014.
	-8	The interest margin on these notes increases to 486 bps on July 15, 2014, to 546 bps on August 15, 2014 and 607 bps on September 15, 2014.
	-9	This note was issued on March 17, 2014 with a maximum borrowing capacity of $500.0 million. The interest margin on this note increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.
Schedule of Financing Liabilities	'
	Financing liabilities are comprised of the following at the dates indicated:
	Borrowings		Collateral	Interest Rate	Maturity	March 31, 2014		December 31, 2013
	Servicing:
	Financing liability – MSRs pledged		MSRs	-1	-1	$	634,399	$	633,804
	Secured Notes, Ocwen Asset Servicing Income Series, Series 2014-1 (2)		MSRs	-2	Feb. 2028	121,352		—
	Financing Liability – Advances Pledged (3)		Advances on loans	-3	-3	56,732		—
						812,483		633,804
	Lending:
	Financing liability - MSRs pledged		MSRs	-4	-4	10,202		17,593
	HMBS-related borrowings (5)		Loans held for investment	1ML + 220 bps	-5	870,462		615,576
						880,664		633,169
						$	1,693,147	$	1,266,973
	-1	The HLSS Transaction financing liabilities have no contractual maturity but are amortized over the estimated life of the transferred Rights to MSRs using the interest method with the servicing income that is remitted to HLSS representing payments of principal and interest. For purposes of applying the interest method, the balance of the liability is reduced each month based on the change in the present value of the estimated future cash flows underlying the related MSRs. See Note 4 — Sales of Advances and MSRs for additional information regarding the HLSS Transactions. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued unaudited Consolidated Financial Statements to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. The balance of the HLSS Transaction financing liabilities at March 31, 2014 and December 31, 2013 have been restated.
	-2	OASIS noteholders are entitled to receive a monthly payment amount equal to the sum of: a) the designated servicing fee amount (21 basis points of the UPB of the reference pool of Freddie Mac mortgages); b) any termination payment amounts; c) any excess refinance amounts; and d) the note redemption amounts, each as defined in the indenture supplement for the Notes. The Notes have a final stated maturity of February 2028. We accounted for this transaction as a financing. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the security.
	-3	Certain advances were sold to HLSS Mortgage on March 4, 2014. The sale of the advances did not qualify for sales accounting treatment and was accounted for as a financing. See Note 6 — Loans Held for Sale for additional information.
	-4	The financing liability is being amortized using the interest method with the servicing income that is remitted to the purchaser representing payments of principal and interest.
	-5	Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid. See Note 2 — Securitizations and Variable Interest Entities for additional information.
Schedule of Other Secured Borrowings	'
	Other secured borrowings are comprised of the following at the dates indicated:
	Borrowings		Collateral	Interest Rate	Maturity	Available Borrowing Capacity		March 31, 2014			December 31, 2013
	Servicing:
	SSTL (2)		-1	1-Month Euro-dollar rate + 375 bps with a Eurodollar floor of 125 bps (1)	Feb. 2018	$	—	$	1,287,000		$	1,290,250
	Promissory note (2)		MSRs	1ML + 350 bps	May-17	—		—			15,529
	Repurchase agreement		Loans held for sale (LHFS)	1ML + 200 - 345 bps	Apr. 2014	—		434			17,507
						—		1,287,434			1,323,286
	Lending:
	Master repurchase agreement (3)		LHFS	1ML + 175 bps	Apr. 2014	170,261		129,739			105,659
	Participation agreement (4)		LHFS	N/A	May-14	—		59,075			81,268
	Master repurchase agreement		LHFS	1ML + 175 - 275 bps	Jul. 2014	90,201		59,799			91,990
	Master repurchase agreement		LHFS	1ML + 175 - 200 bps	Sep. 2014	245,092		54,908			89,836
	Master repurchase agreement		LHFS	1ML + 275bps	Jul. 2014	72,894		27,106			51,975
	Mortgage warehouse agreement		LHFS	1ML + 275 bps; floor of 350 bps	Jun. 2014	43,480		16,520			34,292
						621,928		347,147			455,020
	Corporate Items and Other:
	Securities sold under an agreement to repurchase (5)		Ocwen Real Estate Asset Liquidating Trust 2007-1 Notes	Class A-2 notes: 1ML + 200 bps; Class A-3 notes: 1ML + 300 bps	Monthly	—		4,437			4,712
						621,928		1,639,018			1,783,018
	Discount (1)					—		(5,019		)	(5,349		)
						$	621,928	$	1,633,999		$	1,777,669
	Weighted average interest rate							5		%	4.86		%
	-1	This facility had an initial balance of $1.3 billion and was issued with an original issue discount of $6.5 million that we are amortizing over the term of the loan. We are required to repay the principal amount of the borrowings in consecutive quarterly installments of $3.3 million. In addition, we are generally required to use the net cash proceeds (as defined) from any asset sale (as defined) to repay loan principal. This provision applies to non-operating sales of assets, and net cash proceeds represent the proceeds from the sale of the assets, net of the repayment of any debt secured by a lien on the assets sold. For assets sales that are part of an HLSS Transaction, we have the option, within 180 days, either to invest the net cash proceeds in MSRs or related assets, such as advances, or to repay loan principal. The borrowings are secured by a first priority security interest in substantially all of the assets of Ocwen. Borrowings bear interest, at the election of Ocwen, at a rate per annum equal to either (a) the base rate [the greatest of (i) the prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50% and (iii) the one-month Eurodollar rate (1-Month LIBOR)], plus a margin of 2.75% and a base rate floor of 2.25% or (b) the one month Eurodollar rate, plus a margin of 3.75% with a one month Eurodollar floor of 1.25%. To date we have elected option (b) to determine the interest rate.
	-2	This note was repaid in full on February 28, 2014.
	-3	On April 17, 2014, the maturity date of this facility was extended to April 16, 2015.
	-4	Under this participation agreement, the lender provides financing on an uncommitted basis for $50.0 million to $90.0 million at the discretion of the lender. The participation agreement allows the lender to acquire a 100% beneficial interest in the underlying mortgage loans. The transaction does not qualify for sale accounting treatment and is accounted for as a secured borrowing. The lender earns the stated interest rate of the underlying mortgage loans while the loans are financed under the participation agreement.
	-5	Represents repurchase agreement for Class A-2 and A-3 notes issued by Ocwen Real Estate Asset Liquidating Trust 2007-1 which have a current face value of $23.9 million at March 31, 2014. This agreement has no stated credit limit and lending is determined for each transaction based on the acceptability of the securities presented as collateral.

Other_Liabilities_Tables

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]	'
Schedule of Other Liabilities	'
	Other liabilities were comprised of the following at the dates indicated:
		March 31, 2014		December 31, 2013
	Liability for indemnification obligations (1)	$	169,235	$	192,716
	Accrued expenses	97,156		108,870
	Due to related parties (2)	73,819		77,997
	Liability for certain foreclosure matters (3)	66,948		66,948
	Additional purchase price due seller - ResCap Acquisition (4)	—		54,220
	Payable to loan servicing and subservicing investors	44,666		33,501
	Checks held for escheat	23,283		24,392
	Liability for selected tax items	28,103		27,273
	Other	57,405		58,678
		$	560,615	$	644,595
	-1	See Note 21 — Commitments and Contingencies for additional information.
	-2	See Note 19 — Related Party Transactions for additional information.
	-3	See Note 21 — Commitments and Contingencies for additional information.
	-4	See Note 3 — Business Acquisitions for additional information.

Equity_Tables

Equity (Tables)	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Schedule of Accumulated Other Comprehensive Loss (AOCL), Net of Income Taxes	'
	The components of accumulated other comprehensive loss (AOCL), net of income taxes, were as follows at the dates indicated:
		March 31, 2014		December 31, 2013
	Unrealized losses on cash flow hedges	$	9,418	$	10,026
	Other	124		125
		$	9,542	$	10,151

Derivative_Financial_Instrumen1

Derivative Financial Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Changes in Notional Balance of Holdings of Derivatives	'
	The following table summarizes the changes in the notional balances of our holdings of derivatives during the three months ended March 31, 2014:
		IRLCs				Forward MBS Trades				Interest Rate Caps
	Beginning notional balance	$	751,436			$	950,648			$	1,868,000
	Additions	1,220,165				749,786				100,000
	Amortization	94,571				—				(112,000		)
	Maturities	(1,134,684		)		(438,509		)		—
	Terminations	(310,295		)		(333,877		)		—
	Ending notional balance	$	621,193			$	928,048			$	1,856,000
	Fair value of derivative assets (liabilities) at:
	March 31, 2014	$	9,420			$	699			$	324
	December 31, 2013	$	8,433			$	6,905			$	442
	Maturity	April 2014 - July 2014				April 2014 - June 2014				Nov. 2016
Schedule of Gains (Losses) on Derivatives	'
	The following summarizes our open derivative positions at March 31, 2014 and the gains (losses) on those and similar derivatives for the year to date then ended. None of the derivatives was designated as a hedge for accounting purposes at March 31, 2014:
	Purpose		Expiration Date		Notional Amount				Fair Value (1)				Gains / (Losses)			Consolidated Statement of Operations Caption
	Hedge the effect of changes in interest rates on interest expense on borrowings
	Interest rate caps
	Hedge the effect of changes in 1ML on advance funding facilities		Nov. 2016		$	1,856,000			$	324			$	(141	)	Other, net
	Interest rate risk of mortgage loans held for sale and of IRLCs
	Forward MBS trades		April 2014 - June 2014		928,048				699				(13,610		)	Gain on loans held for sale, net
	IRLCs		April 2014 - July 2014		621,193				9,420				986			Gain on loans held for sale, net
	Total derivatives								$	10,443			$	(12,765	)
	-1	Derivatives are reported at fair value in Receivables, Other assets and Other liabilities on our unaudited Consolidated Balance Sheet.
Schedule of Changes in the Losses on Cash Flow Hedges Included in AOCL	'
	Changes in AOCL during three months ended March 31 were as follows:
		2014				2013
	Beginning balance	$	10,151			$	6,441
	Additional net losses on cash flow hedges	—				6,924
	Ineffectiveness of cash flow hedges reclassified to earnings	—				(657		)
	Losses on terminated hedging relationships amortized to earnings	(779		)		—
	Net increase (decrease) in accumulated losses on cash flow hedges	(779		)		6,267
	(Increase) decrease in deferred taxes on accumulated losses on cash flow hedges	171				(2,548		)
	Increase (decrease) in accumulated losses on cash flow hedges, net of taxes	(608		)		3,719
	Other, net of income taxes	(1		)		(40		)
	Ending balance	$	9,542			$	10,120
Schedule of Statements of Operations Related to Derivative Financial Instruments	'
	Other income (expense), net, includes the following related to derivative financial instruments for three months ended March 31:
		2014				2013
	Losses on economic hedges	$	(141	)		$	(5,079	)
	Ineffectiveness of cash flow hedges	—				(657		)
	Write-off of losses in AOCL for a discontinued hedge relationship	(779		)		—
		$	(920	)		$	(5,736	)

Interest_Expense_Tables

Interest Expense (Tables)	3 Months Ended
	Mar. 31, 2014
Other Income and Expenses [Abstract]	'
Schedule of Components of Interest Expense	'
	The following table presents the components of interest expense for the three months ended March 31:
		2014		2013
	Match funded liabilities	$	16,318	$	30,351
	Financing liabilities (1) (2)	100,230		40,612
	Other secured borrowings	21,284		15,954
	Other	2,041		2,542
		$	139,873	$	89,459
	-1	Includes interest expense of $99.0 million and $40.6 million during the three months ended March 31, 2014 and 2013, respectively, related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below.
Schedule of Related Party Interest Expense	'
		2014		2013
	Servicing fees collected on behalf of HLSS	$	189,157	$	102,258
	Less: Subservicing fee retained by Ocwen	90,161		47,082
	Net servicing fees remitted to HLSS	98,996		55,176
	Less: Reduction in financing liability	—		14,593
	Interest expense on HLSS financing liability	$	98,996	$	40,583
	-2	Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues. See Note 2 — Securitizations and Variable Interest Entities for additional information.

Basic_and_Diluted_Earnings_per1

Basic and Diluted Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Basic EPS to Diluted EPS	'
	The following is a reconciliation of the calculation of basic EPS to diluted EPS for the three months ended March 31:
		2014		2013
		(As Restated)		(As Restated)
	Basic EPS:
	Net income attributable to Ocwen common stockholders	$	59,504	$	46,338
	Weighted average shares of common stock	135,227,067		135,638,567
	Basic EPS	$	0.44	$	0.34
	Diluted EPS:
	Net income attributable to Ocwen common stockholders	$	59,504	$	46,338
	Preferred stock dividends (1)	997		—
	Adjusted net income attributable to Ocwen	$	60,501	$	46,338
	Weighted average shares of common stock	135,227,067		135,638,567
	Effect of dilutive elements:
	Preferred Shares (1)	1,950,298		—
	Stock options	3,908,333		3,902,390
	Common stock awards	3,757		18,200
	Dilutive weighted average shares of common stock	141,089,455		139,559,157
	Diluted EPS	$	0.43	$	0.33
	Stock options excluded from the computation of diluted EPS:
	Market-based (2)	547,500		1,535,000
	-1	The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. For purposes of computing diluted EPS, we assume the conversion of the Preferred Shares into shares of common stock unless the effect is anti-dilutive. Conversion of the Preferred Shares has not been assumed for the three months ended March 31, 2013 because the effect would have been antidilutive.
	-2	Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.

Business_Segment_Reporting_Tab

Business Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting Information [Line Items]	'
Schedule of Segment Reporting Information	'
	Financial information for our segments is as follows:
		Servicing			Lending			Corporate Items and Other			Corporate Eliminations			Business Segments Consolidated
		(As Restated)												(As Restated)
	Results of Operations
	For the three months ended March 31, 2014
	Revenue	$	520,823		$	28,767		$	1,711		$	(40	)	$	551,261
	Operating expenses (1)	307,933			31,464			9,837			(40		)	349,194
	Income (loss) from operations	212,890			(2,697		)	(8,126		)	—			202,067
	Other income (expense):
	Interest income	439			4,009			879			—			5,327
	Interest expense	(136,386		)	(3,451		)	(36		)	—			(139,873		)
	Other	(320		)	2,718			1,784			—			4,182
	Other income (expense), net	(136,267		)	3,276			2,627			—			(130,364		)
	Income (loss) before income taxes	$	76,623		$	579		$	(5,499	)	$	—		$	71,703
	For the three months ended March 31, 2013
	Revenue	$	376,083		$	13,908		$	16,713		$	(45	)	$	406,659
	Operating expenses (1)	211,504			11,098			20,969			(45		)	243,526
	Income (loss) from operations	164,579			2,810			(4,256		)	—			163,133
	Other income (expense):
	Interest income	(614		)	4,780			1,020			—			5,186
	Interest expense	(86,503		)	(2,829		)	(127		)	—			(89,459		)
	Other	(25,988		)	267			2,153			—			(23,568		)
	Other income (expense), net	(113,105		)	2,218			3,046			—			(107,841		)
	Income (loss) before income taxes	$	51,474		$	5,028		$	(1,210	)	$	—		$	55,292
		Servicing			Lending			Corporate Items and Other			Corporate Eliminations			Business Segments Consolidated
	Total Assets
	March 31, 2014	$	6,333,097		$	1,326,114		$	527,140		$	—		$	8,186,351
	December 31, 2013	$	6,295,976		$	1,195,812		$	435,215		$	—		$	7,927,003
	March 31, 2013	$	5,997,149		$	356,668		$	1,083,737		$	—		$	7,437,554
	-1	Depreciation and amortization expense are as follows:
Depreciation and Amortization [Member]	'
Segment Reporting Information [Line Items]	'
Schedule of Segment Reporting Information	'
	Depreciation and amortization expense are as follows:
		Servicing			Lending			Corporate Items and Other			Business Segments Consolidated
	For the three months ended March 31, 2014:
	Depreciation expense	$	2,820		$	105		$	2,615		$	5,540
	Amortization of mortgage servicing rights	61,779			115			200			62,094
	Amortization of debt discount	330			—			—			330
	Amortization of debt issuance costs – SSTL	1,087			—			—			1,087
	For the three months ended March 31, 2013:
	Depreciation expense	$	2,699		$	234		$	1,580		$	4,513
	Amortization of mortgage servicing rights	47,883			—			—			47,883
	Amortization of debt discount	424			—			—			424
	Amortization of debt issuance costs – SSTL	894			—			—			894

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Schedule of Revenues and Expenses Related to Various Service Agreements	'
	The following table summarizes revenues and expenses related to our agreements with Altisource, HLSS, AAMC and Residential (and, as applicable, their subsidiaries) for the three months ended March 31 and net amounts receivable or payable at the dates indicated:
		2014			2013
	Revenues and Expenses:
	Altisource:
	Revenues	$	8,499		$	4,233
	Expenses	17,364			11,692
	HLSS:
	Revenues	$	165		$	112
	Expenses	462			491
	AAMC
	Revenues	$	384		$	—
	Residential
	Revenues	$	2,148		$	41
Schedule of Amounts Receivable or Payable	'
		March 31, 2014			December 31, 2013
	Net Receivable (Payable)
	Altisource	$	(3,074	)	$	(3,843	)
	HLSS	(59,832		)	(59,505		)
	AAMC	304			943
	Residential	—			50
		$	(62,602	)	$	(62,355	)

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Indemnification Obligations	'
	The following table presents the changes in our liability for indemnification obligations for the three months ended March 31, 2014, including representation and warranty obligations and compensatory fees for foreclosures that may ultimately exceed investor timelines:
	Balance at December 31, 2013	$	192,716
	Provision for representation and warranty obligations	7,266
	New production reserves	182
	Obligations assumed in connection with MSR and servicing business acquisitions	—
	Charge-offs and other (1)	(30,929		)
	Balance at March 31, 2014	$	169,235
	-1	Includes principal and interest losses realized in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.

Description_of_Business_Basis_3

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Debt service accounts reclassified	$129.90

Description_of_Business_Basis_4

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies - Change in Accounting Estimate (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Change in Accounting Estimate [Line Items]	'	'
Amortization of mortgage servicing rights	$62,094	$47,883
Net income attributable to Ocwen common stockholders	59,504	46,338
Basic (usd per share)	$0.44	$0.34
Diluted (usd per share)	$0.43	$0.33
MSR Amortization Change In Estimate [Member]	'	'
Change in Accounting Estimate [Line Items]	'	'
Amortization of mortgage servicing rights	-25,998	'
Net income attributable to Ocwen common stockholders	$22,755	'
Basic (usd per share)	$0.00	'
Diluted (usd per share)	$0.00	'

Restatement_of_Previously_Issu2

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Balance Sheet Restated (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred tax assets, net	$119,080	$115,571
Total assets	8,186,351	7,927,003
Financing liabilities	1,693,147	1,266,973
Total liabilities	6,249,423	6,054,051
Retained earnings	1,062,467	1,002,963
Total stockholders’ equity	1,873,641	1,812,591
As Reported [Member]	'	'
Deferred tax assets, net	118,156	116,558
Total assets	8,185,427	'
Financing liabilities	1,693,147	1,284,229
Total liabilities	6,249,423	6,071,307
Retained earnings	1,061,543	986,694
Total stockholders’ equity	1,872,717	1,796,322
Restatement Adjustment [Member]	'	'
Deferred tax assets, net	924	-987
Total assets	924	'
Financing liabilities	0	-17,256
Total liabilities	'	-17,256
Retained earnings	924	16,269
Total stockholders’ equity	$924	$16,269

Restatement_of_Previously_Issu3

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Operations Restated (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Interest expense	($139,873)	($89,459)
Total other expense, net	-130,364	-107,841
Income before income taxes	71,703	55,292
Income tax expense	11,217	6,383
Net income	60,486	48,909
Net income attributable to Ocwen stockholders	60,501	48,909
Net income attributable to Ocwen common stockholders	59,504	46,338
Earnings per share attributable to Ocwen common stockholders	'	'
Basic (usd per share)	$0.44	$0.34
Diluted (usd per share)	$0.43	$0.33
As Reported [Member]	'	'
Interest expense	-122,616	-93,416
Total other expense, net	-113,107	-111,798
Income before income taxes	88,960	51,335
Income tax expense	13,129	6,188
Net income	75,831	45,147
Net income attributable to Ocwen stockholders	75,846	45,147
Net income attributable to Ocwen common stockholders	74,849	42,576
Earnings per share attributable to Ocwen common stockholders	'	'
Basic (usd per share)	$0.55	$0.31
Diluted (usd per share)	$0.54	$0.31
Restatement Adjustment [Member]	'	'
Interest expense	-17,257	3,957
Total other expense, net	-17,257	3,957
Income before income taxes	-17,257	3,957
Income tax expense	-1,912	195
Net income	-15,345	3,762
Net income attributable to Ocwen stockholders	-15,345	3,762
Net income attributable to Ocwen common stockholders	($15,345)	$3,762
Earnings per share attributable to Ocwen common stockholders	'	'
Basic (usd per share)	($0.11)	$0.03
Diluted (usd per share)	($0.11)	$0.02

Restatement_of_Previously_Issu4

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Comprehensive Income Restated (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income	$60,486	$48,909
Comprehensive income attributable to Ocwen stockholders	61,095	45,230
As Reported [Member]	'	'
Net income	75,831	45,147
Comprehensive income attributable to Ocwen stockholders	76,440	41,468
Restatement Adjustment [Member]	'	'
Net income	-15,345	3,762
Comprehensive income attributable to Ocwen stockholders	($15,345)	$3,762

Restatement_of_Previously_Issu5

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Changes in Equity Restated (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income	$60,486	$48,909
As Reported [Member]	'	'
Net income	75,831	45,147
Restatement Adjustment [Member]	'	'
Net income	($15,345)	$3,762

Restatement_of_Previously_Issu6

Restatement of Previously Issued Consolidated Financial Statements - Consolidated Statement of Cash Flows Restated (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income attributable to Ocwen stockholders	$60,501	$48,909
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Other, net	19,089	9,809
Net cash provided by operating activities	195,782	405,898
Repayments of other borrowings	-1,652,903	-2,989,374
Net cash provided by financing activities	246,312	1,316,430
As Reported [Member]	'	'
Net income attributable to Ocwen stockholders	75,846	45,147
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Other, net	21,000	9,614
Net cash provided by operating activities	213,038	401,941
Repayments of other borrowings	-1,670,159	-2,985,417
Net cash provided by financing activities	229,056	1,320,387
Restatement Adjustment [Member]	'	'
Net income attributable to Ocwen stockholders	-15,345	3,762
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Other, net	-1,911	195
Net cash provided by operating activities	-17,256	3,957
Repayments of other borrowings	17,256	-3,957
Net cash provided by financing activities	$17,256	($3,957)

Securitization_and_Variable_In2

Securitization and Variable Interest Entities - Schedule of Cash Flows Related to Transfers Accounted for as Sales (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Transfers and Servicing [Abstract]	'	'
Proceeds received from securitizations	$1,534,251	$2,576,792
Servicing fees collected	5,194	1,518
Cash flows received from and paid to securitization trusts, total	$1,539,445	$2,578,310

Securitization_and_Variable_In3

Securitization and Variable Interest Entities - Narrative (Details) (USD $)	3 Months Ended	12 Months Ended						3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
			Advance Receivable Backed Notes Series F [Member]	Advance Receivable Backed Notes Series F [Member]	Lending [Member]	HMBS - Related Borrowings [Member]	HMBS - Related Borrowings [Member]	Mortgage Servicing Rights - Amortized Costs [Member]	Mortgage Servicing Rights - Amortized Costs [Member]
					HECM [Member]
Servicing Assets at Fair Value [Line Items]	'	'	'	'	'	'	'	'	'
Acquisitions	'	'	'	'	'	'	'	$11,614,000	$28,705,000
Percentage Of Loan Transferred Through Securitization 60 Days Or More Past Due	2.90%	2.60%	'	'	'	'	'	'	'
Secured Borrowings With Pledge Of Collateral	'	'	'	'	'	870,500,000	615,600,000	'	'
Loans held for investment - reverse mortgages, at fair value	923,464,000	618,018,000	'	'	'	'	'	'	'
Loans Pledged as Collateral	'	'	'	'	618,000,000	'	'	'	'
Match Funded Liabilities	'	'	$31,370,000	$33,211,000	'	'	'	'	'

Securitization_and_Variable_In4

Securitization and Variable Interest Entities - Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance (Details) (USD $)	Mar. 31, 2014		Mar. 31, 2013
In Thousands, unless otherwise specified
Transfers and Servicing [Abstract]	'		'
Mortgage servicing rights, at amortized cost	$49,219		$44,615
Mortgage servicing rights, at fair value	3,079		3,075
Advances and match funded advances	11,069		15,888
Unpaid principal balance of loans transferred	6,497,814	[1]	5,641,277	[1]
Maximum exposure to loss	$6,561,181		$5,704,855
[1]	The UPB of the loans transferred is the maximum exposure to loss under our standard representations and warranties obligations.

Business_Acquisitions_Purchase

Business Acquisitions - Purchase Price Allocation (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Feb. 15, 2013		Feb. 15, 2013		Feb. 15, 2013
In Thousands, unless otherwise specified					ResCap [Member]		ResCap [Member]		ResCap [Member]
							Initial Estimate [Member]		Adjustments [Member]
Business Acquisition [Line Items]	'		'		'		'		'
MSRs	'		'		$401,314		$393,891		$7,423
Advances and match funded advances	'		'		1,786,409	[1]	1,622,348	[1]	164,061	[1]
Deferred tax assets	'		'		0		0		0
Premises and equipment	'		'		16,423		22,398		-5,975
Receivables and other assets	'		'		2,989		2,989		0
Liability for indemnification obligations	-169,235	[2]	-192,716	[2]	-49,500		-49,500		0
Other	'		'		-25,125		-24,840		-285
Total identifiable net assets	'		'		2,132,510		1,967,286		165,224
Goodwill	420,201		420,201		211,419		204,743		6,676
Total consideration	'		'		$2,343,929		$2,172,029		$171,900
[1]	As of the acquisition date, the purchase of certain MSRs from ResCap was not complete pending the receipt of certain consents and court approvals. Subsequent to the acquisition, we obtained the required consents and approvals for a portion of these MSRs and paid an additional purchase price of $174.6 million to acquire the MSRs and related advances, including $54.2 million in 2014. The purchase price allocation has been revised to include the resulting adjustments to MSRs, advances and goodwill.
[2]	See Note 21 — Commitments and Contingencies for additional information.

Business_Acquisitions_Narrativ

Business Acquisitions - Narrative (Details) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Feb. 15, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Feb. 15, 2013

Feb. 15, 2013

Feb. 15, 2013

Feb. 15, 2013

Mar. 29, 2013

Mar. 31, 2013

Mar. 30, 2013

Mar. 31, 2013

Mar. 31, 2013

Mar. 30, 2013

Apr. 02, 2013

Jan. 31, 2014

Dec. 31, 2013

ResCap [Member]

ResCap [Member]

ResCap [Member]

ResCap [Member]

ResCap [Member]

ResCap [Member]

ResCap [Member]

ResCap [Member]

Correspondent One [Member]

Correspondent One [Member]

Correspondent One [Member]

Correspondent One [Member]

Correspondent One [Member]

Correspondent One [Member]

Liberty Acquisition [Member]

OSI [Member]

OSI [Member]

Senior Secured Term Loan [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Subservice Mortgage Servicing Rights [Member]

Unrelated Party [Member]

Altisource [Member]

Altisource [Member]

Freddie Mac and Ginnie Mae Loans [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Cost of Acquired Entity, Cash Paid

($54,220,000)

'

'

'

[1]

$2,097,821,000

[1]

$174,600,000

'

'

'

'

'

'

'

'

'

'

$22,000,000

$11,000,000

'

Business Combination, Contingent Consideration, Liability

0

[2]

54,220,000

[2]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unpaid principal balance assets acquired

'

'

'

'

'

'

'

44,900,000,000

111,200,000,000

27,000,000,000

'

'

'

'

'

'

55,200,000

'

'

Debt Instrument Net Additional Capital Deployed

'

'

840,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance of Debt

'

'

1,200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

'

'

'

'

'

'

'

'

100.00%

49.00%

'

'

49.00%

'

87.35%

26.00%

Total consideration

'

'

2,343,929,000

'

'

'

'

'

'

'

'

'

'

900,000

12,600,000

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

'

'

'

'

[1]

2,418,554,000

[1]

'

'

'

'

'

'

26,300,000

'

'

'

'

31,100,000

20,000,000

'

Cash

'

'

'

'

'

'

'

'

'

'

'

23,000,000

'

'

'

'

4,600,000

3,200,000

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

'

'

'

'

'

'

'

'

'

'

'

1,100,000

'

'

'

'

11,200,000

'

'

Recognized Gain Loss On Changes In Fair Value Of Investment

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

Business Acquisition, Repayment Of Outstanding Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,100,000

'

'

Reverse mortgage acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60,000,000

'

'

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed, Current Assets, Loans Held For Sale

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,300,000

'

'

Business Acquisition Purchase Price Allocation Warehouse Facilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

46,300,000

'

'

Mortgage Backed Security Borrowings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,200,000

'

'

Goodwill

420,201,000

420,201,000

211,419,000

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

Noncontrolling Interest, Ownership Percentage by Parent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12.65%

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Service Rights

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,000,000

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Backed Securities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,700,000

'

[1]

See Note 3 — Business Acquisitions for information regarding the acquisitions of Ocwen Structured Investments, LLC and Correspondent One S.A. during the three months ended March 31, 2014 and 2013, respectively.

[2]

See Note 3 — Business Acquisitions for additional information.

Business_Acquisitions_PostAcqu

Business Acquisitions - Post-Acquisition Results of Operations (Details) (ResCap [Member], USD $)	10 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
ResCap [Member]	'
Business Acquisition [Line Items]	'
Revenues	$74,853
Net income	$14,879

Business_Acquisitions_Pro_Form

Business Acquisitions - Pro Forma Results of Operations (Details) (ResCap [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
ResCap [Member]	'
Business Acquisition [Line Items]	'
Revenues	$454,003
Net income	$36,303

Business_Acquisitions_Facility

Business Acquisitions - Facility Closure Costs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Restructuring Reserve [Roll Forward]	'		'
Amortization of discount	$330		$424
Servicing [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Additions charged to operations	9,500		'
Lending [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Additions charged to operations	-100		'
Corporate and Other [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Additions charged to operations	1,200		'
Employee termination benefits [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Liability beginning balance	4,816		'
Additions charged to operations	10,584	[1]	'
Amortization of discount	0		'
Payments	10,370		'
Liability ending balance	5,030	[2]	'
Lease termination costs [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Liability beginning balance	2,454		'
Additions charged to operations	0	[1]	'
Amortization of discount	42		'
Payments	341		'
Liability ending balance	2,155	[2]	'
Total [Member]	'		'
Restructuring Reserve [Roll Forward]	'		'
Liability beginning balance	7,270		'
Additions charged to operations	10,584	[1]	'
Amortization of discount	42		'
Payments	-10,711		'
Liability ending balance	$7,185	[2]	'
[1]	$9.5 million was recognized in the Servicing segment, $(0.1) million was recognized in the Lending segment and the remaining $1.2 million was recognized in the Corporate Items and Other segment. Charges related to employee termination benefits are reported in Compensation and benefits expense in the unaudited Consolidated Statement of Operations. The liabilities are included in Other liabilities in the unaudited Consolidated Balance Sheet.
[2]	We expect the remaining liability for employee termination benefits at March 31, 2014 to be settled in 2014.

Sales_of_Advances_and_MSRs_Nar

Sales of Advances and MSRs - Narrative (Details) (USD $)	3 Months Ended
In Billions, unless otherwise specified	Mar. 31, 2013
Transfers and Servicing of Financial Assets [Abstract]	'
Unpaid Principal Balance Of Loans Related To Servicing Assets Sold	$15.90

Sales_of_Advances_and_MSRs_Sum

Sales of Advances and MSRs - Summary of the Assets and Liabilities Sold to HLSS (Detail) (HLSS [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2013
HLSS [Member]	'
Related Party Transaction [Line Items]	'
Sale of MSRs accounted for as a financing	$100,707
Sale of advances and match funded advances	703,206
Sales price, as adjusted	803,913
Amount due to (from) HLSS for post-closing adjustments at March 31	10,406
Cash received on current year sales	814,319
Amount received from HLSS as settlement of post-closing adjustments outstanding at the end of the previous year	0
Total cash received	$814,319

Fair_Value_Schedule_of_Fair_Va

Fair Value - Schedule of Fair Value Assets and Liabilities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financial assets:	'		'		'	'
Loans held for sale, at fair value	$338,228		$503,753		$295,514	$426,480
Financing liabilities:	'		'		'	'
HMBS-related borrowings, at fair value	870,462		615,576		'	'
Carrying Value [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at fair value	383,703		566,660		'	'
Financing liabilities:	'		'		'	'
Total Financing liabilities	1,693,147		1,266,973		'	'
Other secured borrowings:	'		'		'	'
Total Other secured borrowings	1,633,999		1,777,669		'	'
MSRs:	'		'		'	'
Total MSRs	2,040,355		2,069,381		'	'
Carrying Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	699	[1]	6,905	[1]	'	'
Carrying Value [Member] | Level 2 [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at fair value	338,228	[1]	503,753	[1]	'	'
Carrying Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	9,420	[1]	8,433	[1]	'	'
Carrying Value [Member] | Level 3 [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at lower of cost or fair value	45,475	[2]	62,907	[2]	'	'
Loans held for investment - Reverse mortgages, at fair value	923,464	[1]	618,018	[1]	'	'
Advances and match funded advances	3,593,780	[3]	3,443,215	[3]	'	'
Receivables, net	182,724	[3]	152,516	[3]	'	'
Financial liabilities:	'		'		'	'
Match Funded Liabilities	2,361,662	[3]	2,364,814	[3]	'	'
Financing liabilities:	'		'		'	'
HMBS-related borrowings, at fair value	870,462	[1]	615,576	[1]	'	'
Other	822,685	[3]	651,397	[3]	'	'
Other secured borrowings:	'		'		'	'
Senior secured term loan	1,281,981	[3]	1,284,901	[3]	'	'
Other	352,018	[3]	492,768	[3]	'	'
MSRs:	'		'		'	'
MSRs, at fair value	110,826	[1]	116,029	[1]	'	'
MSRs, at amortized cost	1,929,529	[3]	1,953,352	[3]	'	'
Carrying Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	324	[1]	442	[1]	'	'
Fair Value [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at fair value	383,703		566,660		'	'
Financing liabilities:	'		'		'	'
Total Financing liabilities	1,693,147		1,266,973		'	'
Other secured borrowings:	'		'		'	'
Total Other secured borrowings	1,619,061		1,762,876		'	'
MSRs:	'		'		'	'
Total MSRs	2,885,736		2,557,748		'	'
Fair Value [Member] | Level 1 [Member] | Forward Mortgage Backed Securities Trades [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	699	[1]	6,905	[1]	'	'
Fair Value [Member] | Level 2 [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at fair value	338,228	[1]	503,753	[1]	'	'
Fair Value [Member] | Level 2 [Member] | Interest Rate Lock Commitments [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	9,420	[1]	8,433	[1]	'	'
Fair Value [Member] | Level 3 [Member]	'		'		'	'
Financial assets:	'		'		'	'
Loans held for sale, at lower of cost or fair value	45,475	[2]	62,907	[2]	'	'
Loans held for investment - Reverse mortgages, at fair value	923,464	[1]	618,018	[1]	'	'
Advances and match funded advances	3,593,780	[3]	3,443,215	[3]	'	'
Receivables, net	182,724	[3]	152,516	[3]	'	'
Financial liabilities:	'		'		'	'
Match Funded Liabilities	2,361,662	[3]	2,364,814	[3]	'	'
Financing liabilities:	'		'		'	'
HMBS-related borrowings, at fair value	870,462	[1]	615,576	[1]	'	'
Other	822,685	[3]	651,397	[3]	'	'
Other secured borrowings:	'		'		'	'
Senior secured term loan	1,267,043	[3]	1,270,108	[3]	'	'
Other	352,018	[3]	492,768	[3]	'	'
MSRs:	'		'		'	'
MSRs, at fair value	'		116,029	[1]	'	'
MSRs, at amortized cost	'		2,441,719	[3]	'	'
Fair Value [Member] | Level 3 [Member] | Interest Rate Cap [Member]	'		'		'	'
Derivative financial instruments:	'		'		'	'
Derivative financial instruments	$324	[1]	$442	[1]	'	'
[1]	Measured at fair value on a recurring basis.
[2]	Measured at fair value on a non-recurring basis.
[3]	Disclosed, but not carried, at fair value.

Fair_Value_Reconciliation_of_L

Fair Value - Reconciliation of Level 3 Assets (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Purchases, issuances, sales and settlements:	'		'
Transfer from loans held for sale, at fair value	$110,874		$0
Level 3 [Member]	'		'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Beginning balance	118,913		74,545
Purchases, issuances, sales and settlements:	'		'
Purchases	0		0
Issuances	-49,944		0
Transfer from loans held for sale, at fair value	110,874		'
Sales	0		0
Settlements	-8,643		310
Purchases, issuances, sales and settlements, total	52,287		310
Total realized and unrealized gains and (losses):	'		'
Included in Other, net	-7,048	[1]	-2,032	[1]
Included in Other comprehensive income (loss)	0	[1]	-6,924	[1]
Total realized and unrealized gains and (losses)	-7,048	[1]	-8,956	[1]
Transfers in and / or out of Level 3	0		0
Ending balance	164,152		65,899
Level 3 [Member] | Loans Held for Investment - Reverse Mortgages [Member]	'		'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Beginning balance	618,018		'
Purchases, issuances, sales and settlements:	'		'
Purchases	0		'
Issuances	176,658		'
Transfer from loans held for sale, at fair value	110,874		'
Sales	0		'
Settlements	-14,029		'
Purchases, issuances, sales and settlements, total	273,503		'
Total realized and unrealized gains and (losses):	'		'
Included in Other, net	31,943	[1]	'
Included in Other comprehensive income (loss)	0	[1]	'
Total realized and unrealized gains and (losses)	31,943	[1]	'
Transfers in and / or out of Level 3	0		'
Ending balance	923,464		'
Level 3 [Member] | HMBS - Related Borrowings [Member]	'		'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Beginning balance	-615,576		'
Purchases, issuances, sales and settlements:	'		'
Purchases	0		'
Issuances	-226,626		'
Transfer from loans held for sale, at fair value	0		'
Sales	0		'
Settlements	5,386		'
Purchases, issuances, sales and settlements, total	-221,240		'
Total realized and unrealized gains and (losses):	'		'
Included in Other, net	-33,646	[1]	'
Included in Other comprehensive income (loss)	0	[1]	'
Total realized and unrealized gains and (losses)	-33,646	[1]	'
Transfers in and / or out of Level 3	0		'
Ending balance	-870,462		'
Level 3 [Member] | Derivative Financial Instruments, Assets [Member]	'		'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Beginning balance	442		-10,668
Purchases, issuances, sales and settlements:	'		'
Purchases	0		0
Issuances	24		0
Transfer from loans held for sale, at fair value	0		'
Sales	0		0
Settlements	0		310
Purchases, issuances, sales and settlements, total	24		310
Total realized and unrealized gains and (losses):	'		'
Included in Other, net	-142	[1]	-1,353	[1]
Included in Other comprehensive income (loss)	0	[1]	-6,924	[1]
Total realized and unrealized gains and (losses)	-142	[1]	-8,277	[1]
Transfers in and / or out of Level 3	0		0
Ending balance	324		-18,635
Level 3 [Member] | MSRS [Member]	'		'
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Beginning balance	116,029		85,213
Purchases, issuances, sales and settlements:	'		'
Purchases	0		0
Issuances	0		0
Transfer from loans held for sale, at fair value	0		'
Sales	0		0
Settlements	0		0
Purchases, issuances, sales and settlements, total	0		0
Total realized and unrealized gains and (losses):	'		'
Included in Other, net	-5,203	[1]	-679	[1]
Included in Other comprehensive income (loss)	0	[1]	0	[1]
Total realized and unrealized gains and (losses)	-5,203	[1]	-679	[1]
Transfers in and / or out of Level 3	0		0
Ending balance	$110,826		$84,534
[1]	Total losses attributable to derivative financial instruments still held at March 31, 2014 and March 31, 2013 were $0.1 million and $4.8 million, respectively.

Fair_Value_Narrative_Details

Fair Value - Narrative (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Losses attributable to derivatives	$0.10	$4.80
HMBS - Related Borrowings [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'7 years 0 months 4 days	'
Repayment rate	8.84%	'
Discount rate	1.06%	'
HMBS - Related Borrowings [Member] | Minimum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'2 years 6 months 15 days	'
Repayment rate	4.79%	'
HMBS - Related Borrowings [Member] | Maximum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'22 years 2 months 27 days	'
Repayment rate	56.02%	'
Borrowings [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Discount rate	5.60%	'
Loans Held for Investment - Reverse Mortgages [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'8 years 0 months 18 days	'
Repayment rate	8.84%	'
Discount rate	1.63%	'
Loans Held for Investment - Reverse Mortgages [Member] | Minimum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'2 years 6 months 22 days	'
Repayment rate	4.79%	'
Loans Held for Investment - Reverse Mortgages [Member] | Maximum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Life	'22 years 10 months 10 days	'
Repayment rate	56.59%	'
Mortgage Servicing Rights [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Prepayment rate	13.78%	'
Delinquency rate	16.59%	'
Discount rate	11.67%	'
Mortgage Servicing Rights [Member] | Minimum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Prepayment rate	6.62%	'
Delinquency rate	7.02%	'
Fair value inputs basis spread on variable rate	0.00%	'
Discount rate	9.88%	'
Mortgage Servicing Rights [Member] | Maximum [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Prepayment rate	17.63%	'
Delinquency rate	31.04%	'
Fair value inputs basis spread on variable rate	3.50%	'
Discount rate	16.46%	'
Fair Value Mortgage Servicing Rights [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Prepayment rate	8.35%	'
Discount rate	10.28%	'

Loans_Held_for_Sale_Fair_Value

Loans Held for Sale - Fair Value (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'
Beginning balance	$503,753,000	$426,480,000
Originations and purchases	1,416,797,000	2,462,531,000
Proceeds from sales	-1,481,403,000	-2,563,247,000
Transfers to loans held for investment - reverse mortgages	-110,874,000	0
Gain (loss) on sale of loans	12,863,000	-29,786,000
Other	-2,908,000	-464,000
Ending balance	338,228,000	295,514,000
Lending [Member] | Line of Credit [Member]	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'
Collateral	$314,000,000	'

Loans_Held_for_Sale_Lower_of_C

Loans Held for Sale - Lower of Cost or Fair Value (Details) (USD $)	0 Months Ended	3 Months Ended
	Mar. 04, 2014	Mar. 31, 2014	Mar. 31, 2013
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Loans held for sale, at lower of cost or fair value	'	$62,907,000	$82,866,000
Purchases	'	959,756,000	53,674,000
Proceeds from sales	'	-835,786,000	-66,868,000
Principal payments	'	-96,300,000	-460,000
Transfers to accounts receivable	'	-66,187,000	0
Gain on sale of loans	'	23,031,000	1,423,000
Increase in valuation allowance	'	-4,163,000	-7,269,000
Modifications, charge offs and other	'	2,217,000	-751,000
Loans held for sale, at lower of cost or fair value	'	45,475,000	62,615,000
Loans Held for Sale, Unpaid Principal Balance	549,400,000	'	'
Proceeds from Sale of Loans Held-for-sale	612,300,000	'	'
HLSS [Member]	'	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Proceeds from Sale of Loans Held-for-sale	612,300,000	'	'
Valuation Allowance for Loans Held for Sale [Member]	'	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Valuation allowance	'	36,000,000	21,900,000
Ginnie Mae [Member]	'	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Loans held for sale, at lower of cost or fair value	'	6,118,000	42,000,000
FHA Buyout Loans [Member] | HLSS [Member]	'	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Proceeds from Sale of Loans Held-for-sale	556,400,000	'	'
Servicing Advances [Member] | HLSS [Member]	'	'	'
Movement In Loans Held For Sale At Fair Value [Roll Forward]	'	'	'
Proceeds from Sale of Loans Held-for-sale	$55,700,000	'	'

Loans_Held_for_Sale_Gain_Loss_

Loans Held for Sale - Gain (Loss) on Sale of Loans (Details) (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Receivables [Abstract]	'		'
Gain On Sale Of Loans Including Value Assigned To Msrs Retained	$54,993,000	[1]	($1,081,000)	[1]
Gain Loss On Interest Rate Derivative Instruments	986,000		-1,237,000
Change In Fair Value Of Mortgage Loans Held For Sale	1,800,000		-440,000
Gain On Hedge Instruments	-13,610,000		10,189,000
Gains (Losses) on Sales of Other Real Estate	-182,000		-682,000
Gain on sale of loans held for investment	43,987,000		6,749,000
Acquisitions	11,600,000		28,700,000
Loans Restricted For Securitization Investors Fair Value	22,800,000		'
Gain on Sales of Reverse Mortgage Loans	$16,100,000		'
[1]	Includes gains of $11.6 million and $28.7 million for the three months ended March 31, 2014 and 2013, respectively, representing the value assigned to MSRs retained on sales of loans. Also includes gains of $22.8 million recorded during the three months ended March 31, 2014 on sales of repurchased loans into Ginnie Mae guaranteed securitizations.

Advances_Schedule_of_Advance_P

Advances - Schedule of Advance Payments by Financial Institution on Foreclosed Properties (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Servicing:	'	'	'	'
Advances	$937,926	$890,832	$561,561	$184,463
Servicing, Principal and Interest [Member]	'	'	'	'
Servicing:	'	'	'	'
Advances	189,338	141,307	'	'
Servicing, Taxes and Insurance [Member]	'	'	'	'
Servicing:	'	'	'	'
Advances	465,359	477,039	'	'
Servicing, Foreclosures and Bankruptcy Costs [Member]	'	'	'	'
Servicing:	'	'	'	'
Advances	278,713	268,053	'	'
Servicing [Member]	'	'	'	'
Servicing:	'	'	'	'
Advances	933,410	886,399	'	'
Corporate Items and Other [Member]	'	'	'	'
Servicing:	'	'	'	'
Advances	$4,516	$4,433	'	'

Advances_Activity_Details

Advances - Activity (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Advances [Roll Forward]	'		'
Advances, beginning balance	$890,832		$184,463
Acquisitions	98,875	[1]	205,365	[1]
Transfers to match funded advances	-10,156		0
Advances Payments on Behalf of Borrower, Sales	0		38,313
(Collections) new advances, net	-41,625		210,046
Advances, ending balance	$937,926		$561,561
[1]	Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs. See Note 3 — Business Acquisitions, Note 6 — Loans Held for Sale and Note 9 — Mortgage Servicing for additional information.

Match_Funded_Advance_Schedule_

Match Funded Advance - Schedule of Match Funded Advances (Details) (Residential Mortgage [Member], USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Residential Mortgage [Member]	'	'	'	'
Match Funded Advances [Line Items]	'	'	'	'
Principal and interest	$1,589,396	$1,497,649	'	'
Taxes and insurance	847,615	830,113	'	'
Foreclosures, bankruptcy, real estate and other	218,843	224,621	'	'
Match funded advances	$2,655,854	$2,552,383	$3,436,083	$3,049,244

Match_Funded_Advance_Activity_

Match Funded Advance - Activity (Details) (Residential Mortgage [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Residential Mortgage [Member]	'		'
Match Funded Advances [Roll Forward]	'		'
Beginning balance	$2,552,383		$3,049,244
Acquisitions	85,521	[1]	1,448,371	[1]
Transfers from advances	10,156		0
Sales of advances to HLSS	0		-664,893
New advances (collections), net	7,794		-396,639
Ending balance	$2,655,854		$3,436,083
[1]	Servicing advances acquired in connection with the acquisitions of MSRs through business acquisitions and asset acquisitions. See Note 3 — Business Acquisitions and Note 9 — Mortgage Servicing for additional information.

Mortgage_Servicing_Schedule_of

Mortgage Servicing - Schedule of Activity Related to MSRs - Amortization Method (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Feb. 26, 2014

Mar. 31, 2014

Mar. 31, 2014

Feb. 26, 2014

Dec. 31, 2013

Mar. 31, 2014

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Total [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

Mortgage Servicing Rights [Member]

OASIS Series 2014-1 [Member]

Fair Value, Inputs, Level 3 [Member]

Fair Value, Inputs, Level 3 [Member]

OSI [Member]

OSI [Member]

ResCap Acquisition [Member]

ResCap Acquisition [Member]

OneWest MSR Transaction [Member]

OneWest MSR Transaction [Member]

Greenpoint MSR Transaction [Member]

Greenpoint MSR Transaction [Member]

Other [Member]

Other [Member]

OneWest MSR Transaction [Member]

Greenpoint MSR Transaction [Member]

Secured Debt [Member]

Portion at Fair Value Measurement [Member]

Portion at Fair Value Measurement [Member]

Total [Member]

Servicing Asset at Amortized Cost [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Service Rights, Amortized Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,441,719,000

[1]

$2,774,910,000

Servicing Asset at Amortized Cost, Balance [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

1,953,352,000

678,937,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisitions

'

'

'

'

8,954,000

[2]

0

[2]

11,370,000

[2]

393,891,000

[2]

1,516,000

[3]

0

[3]

3,700,000

[4]

0

[4]

1,481,000

972,000

'

'

'

'

'

'

'

Additions recognized on the sale of mortgage loans

'

'

11,614,000

28,705,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Servicing transfers and adjustments

'

'

-364,000

-124,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization

'

'

-62,094,000

[5]

-47,987,000

[5]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance

'

'

1,929,529,000

1,054,394,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage servicing rights fair value

110,826,000

116,029,000

'

1,288,732,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset Acquisition Loans Unpaid Principal Balance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000,000

'

'

948,900,000

'

'

'

Asset Acquisition Advances Acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

34,300,000

47,600,000

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

123,600,000

'

'

Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$11,800,000,000

'

'

'

'

'

[1]

Disclosed, but not carried, at fair value.

[2]

See Note 3 — Business Acquisitions for additional information regarding MSRs recognized in connection with business acquisitions.

[3]

The acquired MSRs relate to mortgage loans with a UPB of $1.1 billion and related servicing advances of $34.3 million acquired in the final closing of the OneWest MSR Transaction. The OneWest MSR Transaction closed in stages, and the majority of loans were boarded onto our primary servicing platform as of December 31, 2013.

[4]

The acquired MSRs relate to mortgage loans with a UPB of $948.9 million and related servicing advances of $47.6 million.

[5]

In the unaudited Consolidated Statement of Operations, Amortization of mortgage servicing rights is reported net of the amortization of servicing liabilities and includes the amount of charges we recognized to increase servicing liability obligations.

Mortgage_Servicing_Narrative_D

Mortgage Servicing - Narrative (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
In Billions, unless otherwise specified
Transfers and Servicing [Abstract]	'	'	'
Unpaid Principal Balance Of Small Balance Commercial Loans Serviced	$2.50	$2.60	$2
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	$3.50	$4.70	'

Mortgage_Servicing_Schedule_of1

Mortgage Servicing - Schedule of Expected Amortization Expense (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Transfers and Servicing [Abstract]	'
2015	$227,807
2016	193,589
2017	166,401
2018	143,094
2019	$68,417

Mortgage_Servicing_Schedule_of2

Mortgage Servicing - Schedule of Activity Related to MSRs - Fair Value Method (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014		Mar. 31, 2013		Mar. 31, 2014
In Thousands, unless otherwise specified			Conventional [Member]		Conventional [Member]		Fair Value, Inputs, Level 3 [Member]
							Portion at Fair Value Measurement [Member]
							Conventional [Member]
Servicing Asset at Fair Value, Amount [Roll Forward]	'	'	'		'		'
Beginning balance	$110,826	$116,029	$116,029		$85,213		$110,826
Changes in market value assumptions	'	'	-3,155	[1]	4,650	[1]	'
Realization of cash flows and other changes	'	'	-2,048	[1]	-5,329	[1]	'
Ending balance	$110,826	$116,029	'		$84,534		$110,826
[1]	Changes in fair value are recognized in Servicing and origination expense in the unaudited Consolidated Statement of Operations.

Mortgage_Servicing_Schedule_of3

Mortgage Servicing - Schedule of Estimated Change in the Fair Value of Our MSRs (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Transfers and Servicing [Abstract]	'
Weighted average prepayment speeds, 10%	($8,475)
Weighted average prepayment speeds, 20%	-16,635
Discount rate (Option-adjusted spread), 10%	-4,881
Discount rate (Option-adjusted spread), 20%	($9,371)

Mortgage_Servicing_Schedule_of4

Mortgage Servicing - Schedule of Composition of Servicing and Subservicing Portfolios by Type of Property Serviced (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
HLSS [Member]	'		'		'
Schedule of Servicing and Subservicing Portfolio [Line Items]	'		'		'
Unpaid Principal Balance	$170,800,000,000		$175,100,000,000		$92,500,000,000
Residential Mortgage [Member]	'		'		'
Schedule of Servicing and Subservicing Portfolio [Line Items]	'		'		'
Servicing	391,701,237,000	[1]	397,546,635,000	[1]	272,252,405,000	[1]
Subservicing	57,869,359,000		67,104,697,000		194,819,256,000
Assets Serviced	449,570,596,000		464,651,332,000		467,071,661,000
Commercial Real Estate [Member]	'		'		'
Schedule of Servicing and Subservicing Portfolio [Line Items]	'		'		'
Servicing	0	[1]	0	[1]	0	[1]
Subservicing	318,507,000		400,502,000		392,584,000
Assets Serviced	318,507,000		400,502,000		392,584,000
Total [Member]	'		'		'
Schedule of Servicing and Subservicing Portfolio [Line Items]	'		'		'
Servicing	391,701,237,000	[1]	397,546,635,000	[1]	272,252,405,000	[1]
Subservicing	58,187,866,000		67,505,199,000		195,211,840,000
Assets Serviced	$449,889,103,000		$465,051,834,000		$467,464,245,000
[1]	Includes primary servicing UPB of $170.8 billion, $175.1 billion and $92.5 billion at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, for which the Rights to MSRs have been sold to HLSS.

Mortgage_Servicing_Schedule_of5

Mortgage Servicing - Schedule of Components of Servicing and Subservicing Fees (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Transfers and Servicing [Abstract]	'	'
Servicing	$351,823	$235,156
Subservicing	33,725	33,866
Servicing and Subservicing fees, total	385,548	269,022
Home Affordable Modification Program (HAMP) fees	36,699	40,147
Late charges	36,835	25,896
Loan collection fees	8,294	6,382
Custodial accounts (float earnings)	1,721	1,680
Other	21,362	26,182
Fees, total	$490,459	$369,309

Receivables_Schedule_of_Receiv

Receivables - Schedule of Receivables (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Servicing	$151,738	[1]	$107,118	[1]
Income taxes receivable	'		6,369
Due from related parties	11,217	[2]	14,553	[2]
Other	19,769	[3]	24,476	[3]
Receivables, total	182,724		152,516
Receivables [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Servicing	175,029	[1]	124,537	[1]
Income taxes receivable	'		6,369
Due from related parties	11,217	[2]	14,553	[2]
Other	19,872	[3]	24,579	[3]
Receivables, total	206,118		170,038
Allowancefor Credit Losses [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Servicing	-23,291	[1]	-17,419	[1]
Income taxes receivable	'		0
Due from related parties	0	[2]	0	[2]
Other	-103	[3]	-103	[3]
Receivables, total	($23,394)		($17,522)
[1]	The balances at March 31, 2014 and December 31, 2013 arise from our Servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees. The balances at March 31, 2014 and December 31, 2013 include $59.8 million and $54.0 million of receivables and $16.4 million and $14.0 million of allowances for losses, respectively, related to defaulted FHA or VA insured loans repurchased from Ginnie Mae guaranteed securitizations.
[2]	See Note 19 — Related Party Transactions for additional information regarding transactions with Altisource and HLSS.
[3]	Includes $13.6 million related to probable losses expected to be indemnified under the terms of the Homeward merger agreement.

Receivables_Narrative_Detail

Receivables - Narrative (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Receivables [Abstract]	'	'
Receivables Related To FHA Or VA Insured Loans	$59.80	$54
Allowance For Losses Related To FHA Or VA Insured Loans	16.4	14
Other receivables, probable losses	$13.60	'

Other_Assets_Schedule_of_Other

Other Assets - Schedule of Other Assets (Details) (USD $)	Mar. 31, 2014		Jan. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Assets [Abstract]	'		'	'
Debt service accounts	$82,630	[1]	'	$129,897	[1]
Business Combination, Contingent Consideration, Asset	0	[2]	'	51,932	[2]
Prepaid lender fees and debt issuance costs, net	32,151		'	31,481
Prepaid income taxes	25,334		'	20,585
Purchase price deposit	25,000	[3]	15,000	10,000	[3]
Prepaid expenses	12,956		'	16,132
Derivatives, at fair value	10,409	[4]	'	15,494	[4]
Investment in unconsolidated entities	6,646	[5]	'	11,771	[5]
Other	33,979		'	21,851
Other assets	$229,105		'	$309,143
[1]	Under our advance funding facilities, we are contractually required to remit collections on pledged advances to the trustee within two days of receipt. The collected funds are not applied to reduce the related match funded debt until the payment dates specified in the indenture. The balances also include amounts that have been set aside from the proceeds of our match funded advance facilities and certain of our warehouse facilities to provide for possible shortfalls in the funds available to pay certain expenses and interest. The funds related to match funded facilities are held in interest earning accounts in the name of the SPE created in connection with the facility.
[2]	As disclosed in Note 3 — Business Acquisitions, the purchase of certain MSRs and related advances from ResCap was not complete on the date of acquisition pending the receipt of certain consents and court approvals. We recorded a contingent asset effective on the date of the acquisition until we subsequently obtained the required consents and approvals for the MSRs and paid the additional purchase price.
[3]	The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit along with an additional deposit of $15.0 million that we made in January 2014 will be held in escrow until the transaction closes. See Note 21 - Commitments and Contingencies for additional information.
[4]	See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information regarding derivatives.
[5]	The balance at December 31, 2013 includes an investment of $6.6 million in OSI. As disclosed in Note 3 — Business Acquisitions, we increased our ownership from 26.00% to 87.35% on January 31, 2014. Effective on that date, we began including the accounts of OSI in our consolidated financial statements and eliminated our current investment in consolidation.

Other_Assets_Narrative_Details

Other Assets - Narrative (Details) (USD $)	Mar. 31, 2014		Jan. 31, 2014	Dec. 31, 2013		Dec. 31, 2013	Mar. 31, 2013	Mar. 30, 2013
In Thousands, unless otherwise specified						Correspondent One [Member]	Correspondent One [Member]	Correspondent One [Member]
Business Acquisition [Line Items]	'		'	'		'	'	'
Purchase price deposit	$25,000	[1]	$15,000	$10,000	[1]	'	'	'
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures (in Dollars)	$6,646	[2]	'	$11,771	[2]	$6,600	'	'
Business Acquisition, Percentage of Voting Interests Acquired	'		'	'		'	100.00%	49.00%
[1]	The balance at December 31, 2013 represents an initial cash deposit that we made in connection with the agreement we entered into on December 20, 2013 to acquire MSRs and related advances from Wells Fargo Bank, N.A. This deposit along with an additional deposit of $15.0 million that we made in January 2014 will be held in escrow until the transaction closes. See Note 21 - Commitments and Contingencies for additional information.
[2]	The balance at December 31, 2013 includes an investment of $6.6 million in OSI. As disclosed in Note 3 — Business Acquisitions, we increased our ownership from 26.00% to 87.35% on January 31, 2014. Effective on that date, we began including the accounts of OSI in our consolidated financial statements and eliminated our current investment in consolidation.

Borrowings_Schedule_of_Match_F

Borrowings - Schedule of Match Funded Liabilities (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Feb. 28, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Feb. 03, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

Advance Receivable Backed Notes Series E [Member]

Advance Receivable Backed Notes Series E [Member]

Advance Receivable Backed Notes Series E [Member]

Advance Receivable Backed Notes Series F [Member]

Advance Receivable Backed Notes Series F [Member]

Advance Receivable Backed Notes Series F [Member]

Homeward Agency Advance Funding Trust 2012-1 [Member]

Homeward Agency Advance Funding Trust 2012-1 [Member]

Homeward Agency Advance Funding Trust 2012-1 [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A1 Term Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class A2 Variable Funding Note [Member]

Class B Term Note [Member]

Class B Term Note [Member]

Class B Term Note [Member]

Class B Term Note [Member]

Class B Term Note [Member]

Class B Term Note [Member]

Class A3 Variable Funding Note [Member]

Class A3 Variable Funding Note [Member]

Class A3 Variable Funding Note [Member]

Class A3 Variable Funding Note [Member]

Class A3 Variable Funding Note [Member]

Class A3 Variable Funding Note [Member]

Match Funded Liabilties [Member]

Match Funded Liabilties [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

July 15, 2014 [Member]

August 15, 2014 [Member]

September 15, 2014 [Member]

London Interbank Offered Rate (LIBOR) [Member]

July 15, 2014 [Member]

August 15, 2014 [Member]

September 15, 2014 [Member]

London Interbank Offered Rate (LIBOR) [Member]

July 15, 2014 [Member]

August 15, 2014 [Member]

September 15, 2014 [Member]

London Interbank Offered Rate (LIBOR) [Member]

July 15, 2014 [Member]

August 15, 2014 [Member]

September 15, 2014 [Member]

Debt Instrument [Line Items]

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'

Debt Instrument, Basis Spread on Variable Rate

275.00%

'

'

'

'

'

2.50%

[1]

'

'

3.00%

'

'

3.00%

[2]

'

'

'

1.75%

[3],[4]

200.00%

225.00%

250.00%

'

'

'

1.67%

[3],[5]

191.00%

215.00%

238.00%

'

'

4.25%

[3],[6]

486.00%

546.00%

607.00%

'

'

1.75%

[7]

200.00%

225.00%

250.00%

'

'

Debt Instrument, Maturity Date

'

'

'

'

30-Jun-16

[8]

'

'

31-Dec-15

[8]

'

'

31-Mar-14

[2],[8]

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31-Oct-44

[3],[8]

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31-Oct-44

[3],[8]

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31-Oct-44

[3],[8]

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'

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31-Oct-44

[7],[8]

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Debt Instrument Amortization Date

'

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'June 2014

[8]

'

'

'Dec. 2014

[8]

'

'

'Mar. 2014

[2],[8]

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'Oct. 2014

[3],[8]

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'

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'Oct. 2014

[3],[8]

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'

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'Oct. 2014

[3],[8]

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'

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'Oct. 2014

[7],[8]

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'

'

Available Borrowing Capacity

'

'

'

'

$121,742,000

[4],[9]

'

'

$18,630,000

[9]

'

'

$1,562,000

[2],[9]

'

'

'

$23,202,000

[3],[9]

'

'

'

'

'

'

$10,954,000

[3],[9]

'

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'

'

'

$647,000

[3],[9]

'

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'

'

'

$11,601,000

[7],[9]

'

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'

'

'

$188,338,000

'

Match Funded Liabilities

'

'

'

'

353,258,000

[4]

417,388,000

[4]

'

31,370,000

33,211,000

'

23,438,000

[2]

21,019,000

[2]

'

'

976,798,000

[3]

1,494,628,000

[3]

'

'

'

'

'

472,758,000

[3]

385,645,000

[3]

'

'

'

'

15,641,000

[3]

12,923,000

[3]

'

'

'

'

488,399,000

[7]

0

[7]

'

'

'

'

'

'

Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount

2,361,662,000

2,364,814,000

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'

'

2,361,662,000

2,364,814,000

Weighted average interest rate

2.04%

2.08%

'

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'

'

'

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'

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'

'

Debt Instrument, Interest Rate, Basis for Effective Rate at Period End

'

'

0.15%

0.17%

'

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'

'

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'

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'

'

Line of Credit Facility, Increase (Decrease) to Borrowing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

-500,000,000

'

'

'

'

'

'

100,000,000

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'

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'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

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'

'

'

'

'

'

'

'

'

'

'

$1,000,000,000

'

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'

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'

'

$500,000,000

'

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'

'

'

'

'

'

'

'

'

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'

'

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'

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'

'

[1]

1-Month LIBOR (1ML) was 0.15% and 0.17% at March 31, 2014 and December 31, 2013, respectively.

[2]

Advance facility assumed in the Homeward Acquisition. This facility was terminated on April 16, 2014, and the advances pledged to the facility were transferred to another facility.

[3]

These notes were issued in connection with the OneWest MSR Transaction. On February 3, 2014, the maximum borrowing capacity on the 2013-VF2 notes was increased by $100.0 million to a total of $500.0 million. On March 17, 2014, the maximum borrowing capacity under the 2013-VF1 note declined by $500.0 million to a total of $1.0 billion.

[4]

The interest margin on these notes increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.

[5]

The interest margin on these notes increases to 191 bps on July 15, 2014, to 215 bps on August 15, 2014 and 238 bps on September 15, 2014.

[6]

The interest margin on these notes increases to 486 bps on July 15, 2014, to 546 bps on August 15, 2014 and 607 bps on September 15, 2014.

[7]

This note was issued on March 17, 2014 with a maximum borrowing capacity of $500.0 million. The interest margin on this note increases to 200 bps on July 15, 2014, to 225 bps on August 15, 2014 and 250 bps on September 15, 2014.

[8]

The amortization date of our facilities 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. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.

[9]

Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At March 31, 2014, none of the available borrowing capacity could be used based on the amount of eligible collateral that had been pledged.

Borrowings_Financing_Liabiliti

Borrowings - Financing Liabilities (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Feb. 26, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Financing Liabilities [Member]

Financing Liabilities [Member]

OASIS Series 2014-1 [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Secured Debt [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Secured Debt [Member]

Secured Debt [Member]

Financing Liability Mortgage Servicing Rates Pledged 1 [Member]

Financing Liability Mortgage Servicing Rates Pledged 1 [Member]

OASIS Series 2014-1 [Member]

OASIS Series 2014-1 [Member]

Financing Liability Advances Pledged [Member]

Financing Liability Advances Pledged [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Secured Debt [Member]

Secured Debt [Member]

Financing Liability Mortgage Servicing Rights Pledged 2 [Member]

Financing Liability Mortgage Servicing Rights Pledged 2 [Member]

HMBS - Related Borrowings [Member]

HMBS - Related Borrowings [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Financing Liabilities [Member]

Debt Instrument [Line Items]

'

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'

Financing liabilities

$1,693,147,000

$1,266,973,000

$1,693,147,000

$1,266,973,000

'

$812,483,000

$633,804,000

$1,287,434,000

$1,323,286,000

$634,399,000

$633,804,000

$121,352,000

[1]

$0

$56,732,000

[2]

$0

$880,664,000

$633,169,000

$347,147,000

$455,020,000

$10,202,000

$17,593,000

$870,462,000

[3]

$615,576,000

[3]

Debt Instrument, Face Amount

'

'

'

'

$123,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

oteholders are entitled to receive a monthly payment amount equal to the sum of: a) the designated servicing fee amount (21 basis points of the UPB of the reference pool of Freddie Mac mortgages); b) any termination payment amounts; c) any excess refinance amounts; and d) the note redemption amounts, each as defined in the indenture supplement for the Notes. The Notes have a final stated maturity of February 2028. We accounted for this transaction as a financing. Monthly amortization of the liability is estimated using the proportion of monthly projected service fees on the underlying MSRs as a percentage of lifetime projected fees, adjusted for the term of the security.

[2]

On April 17, 2014, the maturity date of this facility was extended to April 16, 2015.

[3]

Represents amounts due to the holders of beneficial interests in Ginnie Mae guaranteed HMBS. The beneficial interests have no maturity dates, and the borrowings mature as the related loans are repaid. See Note 2 — Securitizations and Variable Interest Entities for additional information.

Borrowings_Secured_Borrowings_

Borrowings - Secured Borrowings (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Securities Sold Under Agreement To Repurchase [Member]

Participation Agreement [Member]

Minimum [Member]

Maximum [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Other Secured Borrowings [Member]

Participation Agreement [Member]

Participation Agreement [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Servicing [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Lending [Member]

Corporate Items And Other [Member]

Corporate Items And Other [Member]

Corporate Items And Other [Member]

Corporate Items And Other [Member]

Senior Secured Term Loan 2 [Member]

Senior Secured Term Loan 2 [Member]

Senior Secured Term Loan 2 [Member]

Senior Secured Term Loan 2 [Member]

Senior Secured Term Loan 2 [Member]

Senior Secured Term Loan 2 [Member]

Promissory Note [Member]

Promissory Note [Member]

Repurchase Agreement [Member]

Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Master Repurchase Agreement [Member]

Participation Agreement [Member]

Participation Agreement [Member]

Securities Sold Under Agreement To Repurchase [Member]

Securities Sold Under Agreement To Repurchase [Member]

Total Servicing Lines Of Credit [Member]

Total Servicing Lines Of Credit [Member]

Option 1 [Member]

Option 1 B [Member]

Option 1 C [Member]

Option 2 [Member]

April 2014 [Member]

April 2014 [Member]

July 2014 - 1 [Member]

July 2014 - 1 [Member]

September 2014 [Member]

September 2014 [Member]

July 2014 - 2 [Member]

July 2014 - 2 [Member]

July 2014 - 3 [Member]

July 2014 - 3 [Member]

Line of Credit Facility [Line Items]

'

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'

'

'

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'

'

Debt Instrument, Unused Borrowing Capacity, Amount

'

'

'

'

'

'

$621,928,000

'

$0

'

$0

'

'

'

'

'

$0

'

$0

'

$621,928,000

'

$170,261,000

'

$90,201,000

'

$245,092,000

'

$72,894,000

'

$43,480,000

'

$0

'

$0

'

$621,928,000

'

Financing liabilities

1,693,147,000

1,266,973,000

'

'

'

'

'

'

1,287,434,000

1,323,286,000

1,287,000,000

1,290,250,000

'

'

'

'

0

15,529,000

434,000

17,507,000

347,147,000

455,020,000

129,739,000

105,659,000

59,799,000

91,990,000

54,908,000

89,836,000

27,106,000

51,975,000

16,520,000

34,292,000

59,075,000

81,268,000

4,437,000

4,712,000

1,639,018,000

1,783,018,000

Debt Instrument, Unamortized Discount

'

'

'

'

'

'

-5,019,000

-5,349,000

'

'

-6,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt

'

'

'

'

'

'

1,633,999,000

1,777,669,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt, Weighted Average Interest Rate

'

'

'

'

'

'

5.00%

4.86%

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

23,900,000

'

'

'

'

'

'

'

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Collateral

'

'

'

'1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

'

'

'

'

'

'

'

'

'

'

3,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mandatory Principal Repayment of Net Cash Proceeds from Asset Sale, Period

'

'

'

'

'

'

'

'

'

'

'180 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Description of Variable Rate Basis

'

'

'

'

'

'

'

'

'

'

'

'

'the prime rate in effect on such day

'the federal funds rate in effect on such day

'the one-month Eurodollar rate (1-Month LIBOR)

'the one month Eurodollar rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

275.00%

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

2.75%

3.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument Interest Rate At Index Floor Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.25%

1.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

$50,000,000

$90,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowings_Covenants_Details

Borrowings - Covenants (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Instrument, Covenant Compliance, Consolidated Tangible Net Worth	$630
Debt Instrument, Covenant Compliance, Percent of Quarterly Net Income	65.00%
Debt Instrument, Covenant Compliance, Consolidated Tangible Net Worth at Period End	$913.60

Other_Liabilities_Schedule_of_

Other Liabilities - Schedule of Other Liabilities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Other Liabilities Disclosure [Abstract]	'		'
Liability for indemnification obligations	$169,235	[1]	$192,716	[1]
Accrued expenses	97,156		108,870
Due to related parties	73,819	[2]	77,997	[2]
Foreclosure Liability	66,948	[1]	66,948	[1]
Additional purchase price due seller - ResCap Acquisition	0	[3]	54,220	[3]
Due To Servicing and Subservicing Investors	44,666		33,501
Checks Held For Escheat	23,283		24,392
Liability For Uncertain Tax Positions	28,103		27,273
Other	57,405		58,678
Other Liabilities	$560,615		$644,595
[1]	See Note 21 — Commitments and Contingencies for additional information.
[2]	See Note 19 — Related Party Transactions for additional information.
[3]	See Note 3 — Business Acquisitions for additional information.

Equity_Narrative_Details

Equity - Narrative (Details) (USD $)	1 Months Ended	3 Months Ended	5 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
Equity [Abstract]	'	'	'
Stock Repurchase Program, Authorized Amount	$500	'	'
Repurchase of common stock (in shares)	'	60,000	1,185,707
Stock Redeemed or Called During Period, Value	'	$2.30	$62.30

Equity_Details_Table_1

Equity (Details) - (Table 1) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Equity [Abstract]	'	'
Unrealized losses on cash flow hedges	$9,418	$10,026
Other	124	125
Accumulated Other Comprehensive Income (Loss), Net of Tax	$9,542	$10,151

Derivative_Financial_Instrumen2

Derivative Financial Instruments and Hedging Activities - Schedule of Changes in Notional Balance of Holdings of Derivatives (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Fair value of derivative assets (liabilities) at:	'		'
Derivative, Fair Value, Net	$10,409	[1]	$15,494	[1]
Interest Rate Lock Commitments [Member]	'		'
Derivative Notional Balance [Roll Forward]	'		'
Notional Amount, beginning balance	751,436		'
Derivative Additions	1,220,165		'
Amortization Of Derivative	94,571		'
Derivative Maturities	-1,134,684		'
Derivative Terminations	-310,295		'
Notional Amount, ending balance	621,193		'
Fair value of derivative assets (liabilities) at:	'		'
Derivative, Fair Value, Net	9,420		8,433
Derivative Maturity Period	'April 2014 - July 2014		'
Forward Mortgage Backed Securities Trades [Member]	'		'
Derivative Notional Balance [Roll Forward]	'		'
Notional Amount, beginning balance	950,648		'
Derivative Additions	749,786		'
Amortization Of Derivative	0		'
Derivative Maturities	-438,509		'
Derivative Terminations	-333,877		'
Notional Amount, ending balance	928,048		'
Fair value of derivative assets (liabilities) at:	'		'
Derivative, Fair Value, Net	699		6,905
Derivative Maturity Period	'April 2014 - June 2014		'
Interest Rate Cap [Member]	'		'
Derivative Notional Balance [Roll Forward]	'		'
Notional Amount, beginning balance	1,868,000		'
Derivative Additions	100,000		'
Amortization Of Derivative	-112,000		'
Derivative Maturities	0		'
Derivative Terminations	0		'
Notional Amount, ending balance	1,856,000		'
Fair value of derivative assets (liabilities) at:	'		'
Derivative, Fair Value, Net	$324		$442
Derivative Maturity Period	'Nov. 2016		'
[1]	See Note 15 — Derivative Financial Instruments and Hedging Activities for additional information regarding derivatives.

Derivative_Financial_Instrumen3

Derivative Financial Instruments and Hedging Activities - Schedule of Changes in the Losses on Cash Flow Hedges Included in AOCL (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Gain On Loans Held For Sale Net [Member]

Gain On Loans Held For Sale Net [Member]

Interest Rate Cap [Member]

Interest Rate Cap [Member]

Interest Rate Cap [Member]

Interest Rate Cap [Member]

Interest Rate Swap [Member]

Interest Rate Swap [Member]

IRLCs [Member]

IRLCs [Member]

Other Net [Member]

Other Net [Member]

Gain On Loans Held For Sale Net [Member]

Gain On Loans Held For Sale Net [Member]

Not Designated as Hedging Instrument [Member]

Not Designated as Hedging Instrument [Member]

Forward MBS Trades [Member]

Forward MBS Trades [Member]

Not Designated as Hedging Instrument [Member]

Hedge the effect of changes in interest rates on interest expense on borrowings

'

'

'

'

'

'

'

'

'

Expiration Date

'

'April 2014 - July 2014

'

'

'

'Nov. 2016

'

'April 2014 - June 2014

'

Notional Amount

'

'

$621,193

$1,856,000

$1,868,000

'

$1,856,000

'

$928,048

Interest Rate Swaps Not Designated as Hedges

10,443

[1]

9,420

[1]

'

'

'

324

[1]

'

699

[1]

'

Gains / (Losses)

($12,765)

$986

'

'

'

($141)

'

($13,610)

'

Consolidated Statement of Operations Caption

'

'Gain on loans held for sale, net

'

'

'

'Other, net

'

'Gain on loans held for sale, net

'

[1]

Derivatives are reported at fair value in Receivables, Other assets and Other liabilities on our unaudited Consolidated Balance Sheet.

Derivative_Financial_Instrumen4

Derivative Financial Instruments and Hedging Activities - Narrative (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$10	$16.10
Other Comprehensive Income (Loss), Tax	$0.60	$6.10

Derivative_Financial_Instrumen5

Derivative Financial Instruments and Hedging Activities - Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'	'
Beginning balance	$10,151	'
Other	1	39
Ending balance	9,542	'
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]	'	'
Beginning balance	-10,151	-6,441
Additional net losses on cash flow hedges	0	6,924
Ineffectiveness of cash flow hedges reclassified to earnings	0	-657
Losses on terminated hedging relationships amortized to earnings	-779	0
Net increase (decrease) in accumulated losses on cash flow hedges	-779	6,267
(Increase) decrease in deferred taxes on accumulated losses on cash flow hedges	171	-2,548
Increase (decrease) in accumulated losses on cash flow hedges, net of taxes	-608	3,719
Other	-1	-40
Ending balance	$9,542	$10,120

Derivative_Financial_Instrumen6

Derivative Financial Instruments and Hedging Activities - Schedule of Statements of Operations Related to Derivative Financial Instruments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Losses on economic hedges	($141)	($5,079)
Ineffectiveness of cash flow hedges	0	-657
Write-off of losses in AOCL for a discontinued hedge relationship	-779	0
Loss on derivatives	($920)	($5,736)

Interest_Expense_Schedule_of_C

Interest Expense - Schedule of Components of Interest Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Debt securities:	'		'
Interest expense	$139,873		$89,459
Match Funded Liabilties [Member]	'		'
Debt securities:	'		'
Interest expense	16,318		30,351
Financing Liabilities [Member]	'		'
Debt securities:	'		'
Interest expense	100,230	[1],[2]	40,612	[1],[2]
Other Secured Borrowings [Member]	'		'
Debt securities:	'		'
Interest expense	21,284		15,954
Other [Member]	'		'
Debt securities:	'		'
Interest expense	2,041		2,542
HLSS [Member]	'		'
Debt securities:	'		'
Financing Interest Expense	$98,996		$40,583
[1]	(1)Includes interest expense of $99.0 million and $40.6 million during the three months ended March 31, 2014 and 2013, respectively, related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued unaudited Consolidated Financial Statements as of March 31, 2014 and for the reported periods to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. Interest expense on the HLSS Transaction financing liabilities for the three months ended March 31, 2014 and 2013 has been restated.2014 2013Servicing fees collected on behalf of HLSS$189,157 $102,258Less: Subservicing fee retained by Ocwen90,161 47,082Net servicing fees remitted to HLSS98,996 55,176Less: Reduction in financing liability— 14,593Interest expense on HLSS financing liability$98,996$40,583
[2]	Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues. See Note 2 — Securitizations and Variable Interest Entities for additional information.

Interest_Expense_Schedule_of_R

Interest Expense - Schedule of Related Party Interest Expense (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule of Interest Expense [Line Items]	'	'
Servicing fees collected on behalf of HLSS	($490,459)	($369,309)
HLSS [Member]	'	'
Schedule of Interest Expense [Line Items]	'	'
Servicing fees collected on behalf of HLSS	189,157	102,258
Less: Subservicing fee retained by Ocwen	90,161	47,082
Net servicing fees remitted to HLSS	98,996	55,176
Less: Reduction in financing liability	0	14,593
Interest expense on HLSS financing liability	$98,996	$40,583

Basic_and_Diluted_Earnings_per2

Basic and Diluted Earnings per Share - Schedule of Basic EPS to Diluted EPS (Details) (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Basic EPS:	'		'
Net income attributable to Ocwen common stockholders	$59,504,000		$46,338,000
Weighted average shares of common stock (in Shares)	135,227,067		135,638,567
Basic EPS (usd per share)	$0.44		$0.34
Diluted EPS:	'		'
Net income attributable to Ocwen common stockholders	59,504,000		46,338,000
Preferred stock dividends	997,000	[1]	0	[1]
Adjusted net income attributable to Ocwen	60,501,000		46,338,000
Effect of dilutive elements:	'		'
Dilutive weighted average shares of common stock (in Shares)	141,089,455		139,559,157
Diluted EPS (usd per share)	$0.43		$0.33
Market-based [Member]	'		'
Stock options excluded from the computation of diluted EPS:	'		'
Anti-dilutive Securities (in Shares)	547,500	[2]	1,535,000	[2]
Preferred shares [Member]	'		'
Effect of dilutive elements:	'		'
Dilutive Securities	1,950,298	[1]	0	[1]
Stock options [Member]	'		'
Effect of dilutive elements:	'		'
Dilutive Securities	3,908,333		3,902,390
Common stock awards [Member]	'		'
Effect of dilutive elements:	'		'
Dilutive Securities	$3,757		$18,200
[1]	The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. For purposes of computing diluted EPS, we assume the conversion of the Preferred Shares into shares of common stock unless the effect is anti-dilutive. Conversion of the Preferred Shares has not been assumed for the three months ended March 31, 2013 because the effect would have been antidilutive.
[2]	Shares that are issuable upon the achievement of certain performance criteria related to Ocwen’s stock price and an annualized rate of return to investors.

Business_Segment_Reporting_Sch

Business Segment Reporting - Schedule of Segment Reporting Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Results of Operations	'		'		'
Operating expenses	$349,194		$243,526		'
Other income (expense):	'		'		'
Interest expense	-139,873		-89,459		'
Income before income taxes	71,703		55,292		'
Total Assets	'		'		'
Total assets	8,186,351		'		7,927,003
Servicing [Member]	'		'		'
Results of Operations	'		'		'
Revenue	520,823		376,083		'
Operating expenses	307,933	[1]	211,504	[1]	'
Income (loss) from operations	212,890		164,579		'
Other income (expense):	'		'		'
Interest income	439		-614		'
Interest expense	-136,386		-86,503		'
Other	-320		-25,988		'
Other income (expense), net	-136,267		-113,105		'
Income before income taxes	76,623		51,474		'
Total Assets	'		'		'
Total assets	6,333,097		5,997,149		6,295,976
Lending [Member]	'		'		'
Results of Operations	'		'		'
Revenue	28,767		13,908		'
Operating expenses	31,464	[1]	11,098	[1]	'
Income (loss) from operations	-2,697		2,810		'
Other income (expense):	'		'		'
Interest income	4,009		4,780		'
Interest expense	-3,451		-2,829		'
Other	2,718		267		'
Other income (expense), net	3,276		2,218		'
Income before income taxes	579		5,028		'
Total Assets	'		'		'
Total assets	1,326,114		356,668		1,195,812
Corporate Items and Other [Member]	'		'		'
Results of Operations	'		'		'
Revenue	1,711		16,713		'
Operating expenses	9,837	[1]	20,969	[1]	'
Income (loss) from operations	-8,126		-4,256		'
Other income (expense):	'		'		'
Interest income	879		1,020		'
Interest expense	-36		-127		'
Other	1,784		2,153		'
Other income (expense), net	2,627		3,046		'
Income before income taxes	-5,499		-1,210		'
Total Assets	'		'		'
Total assets	527,140		1,083,737		435,215
Corporate Eliminations [Member]	'		'		'
Results of Operations	'		'		'
Revenue	-40		-45		'
Operating expenses	-40	[1]	-45	[1]	'
Income (loss) from operations	0		0		'
Other income (expense):	'		'		'
Interest income	0		0		'
Interest expense	0		0		'
Other	0		0		'
Other income (expense), net	0		0		'
Income before income taxes	0		0		'
Total Assets	'		'		'
Total assets	0		0		0
Business Segments Consolidated [Member]	'		'		'
Results of Operations	'		'		'
Revenue	551,261		406,659		'
Operating expenses	349,194	[1]	243,526	[1]	'
Income (loss) from operations	202,067		163,133		'
Other income (expense):	'		'		'
Interest income	5,327		5,186		'
Interest expense	-139,873		-89,459		'
Other	4,182		-23,568		'
Other income (expense), net	-130,364		-107,841		'
Income before income taxes	71,703		55,292		'
Total Assets	'		'		'
Total assets	$8,186,351		$7,437,554		$7,927,003
[1]	Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments ConsolidatedFor the three months ended March 31, 2014: Depreciation expense$2,820 $105 $2,615 $5,540Amortization of mortgage servicing rights61,779 115 200 62,094Amortization of debt discount330 — — 330Amortization of debt issuance costs – SSTL1,087 — — 1,087 For the three months ended March 31, 2013: Depreciation expense$2,699 $234 $1,580 $4,513Amortization of mortgage servicing rights47,883 — — 47,883Amortization of debt discount424 — — 424Amortization of debt issuance costs – SSTL894 — — 894

Business_Segment_Reporting_Sch1

Business Segment Reporting - Schedule of Depreciation and Amortization by Segment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Depreciation expense	$5,540	$4,513
Amortization of MSRs	62,094	47,883
Amortization of debt discount	330	424
Amortization of debt issuance costs – senior secured term loan	1,087	894
Servicing [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Depreciation expense	2,820	2,699
Amortization of MSRs	61,779	47,883
Amortization of debt discount	330	424
Amortization of debt issuance costs – senior secured term loan	1,087	894
Lending [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Depreciation expense	105	234
Amortization of MSRs	115	0
Amortization of debt discount	0	0
Amortization of debt issuance costs – senior secured term loan	0	0
Corporate Items and Other [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Depreciation expense	2,615	1,580
Amortization of MSRs	200	0
Amortization of debt discount	0	0
Amortization of debt issuance costs – senior secured term loan	$0	$0

Related_Party_Transactions_Nar

Related Party Transactions - Narrative (Details) (USD $)	0 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 04, 2014	Mar. 31, 2014	Feb. 04, 2014
Related Party Transaction [Line Items]	'	'	'
Unpaid Principal Balance of Refinanced Loans, Threshold for Amendment, Percentage	'	'	0.50%
Debt Instrument, Basis Spread on Variable Rate	'	275.00%	'
Proceeds from Sale of Loans Held-for-sale	$612.30	'	'
Loans Held for Sale, Unpaid Principal Balance	549.4	'	'
HLSS [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Proceeds from Sale of Loans Held-for-sale	612.3	'	'
Executive Chairman of the Board of Directors Chairman [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)	'	4,620,498	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in Shares)	'	2,845,498	'
Executive Chairman of the Board of Directors Chairman [Member] | Ocwen [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Related Party Ownership Interest in Parent Company and Subsidiaries, Percentage	'	13.00%	'
Executive Chairman of the Board of Directors Chairman [Member] | Altisource [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Related Party Ownership Interest in Parent Company and Subsidiaries, Percentage	'	27.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)	'	873,501	'
Executive Chairman of the Board of Directors Chairman [Member] | HLSS [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Related Party Ownership Interest in Parent Company and Subsidiaries, Percentage	'	1.00%	'
Executive Chairman of the Board of Directors Chairman [Member] | Altisource Asset Management Corporation [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Ownership Percentage By Related Party	'	25.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares)	'	87,350	'
Executive Chairman of the Board of Directors Chairman [Member] | Altisource Residential Lp [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Ownership Percentage By Related Party	'	4.00%	'
FHA Buyout Loans [Member] | HLSS [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Proceeds from Sale of Loans Held-for-sale	556.4	'	'
Servicing Advances [Member] | HLSS [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Proceeds from Sale of Loans Held-for-sale	$55.70	'	'

Related_Party_Transactions_Sch

Related Party Transactions - Schedule of Revenue and Expenses Related to Various Service Agreements (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Altisource [Member]	'	'
Revenues and Expenses:	'	'
Revenues	$8,499	$4,233
Expenses	17,364	11,692
HLSS [Member]	'	'
Revenues and Expenses:	'	'
Revenues	165	112
Expenses	462	491
AAMC [Member]	'	'
Revenues and Expenses:	'	'
Revenues	384	0
Residential [Member]	'	'
Revenues and Expenses:	'	'
Revenues	$2,148	$41

Related_Party_Transactions_Sch1

Related Party Transactions - Schedule of Amounts Receivable or Payable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Net Receivable (Payable)	'	'
Net Receivable (Payable)	($62,602)	($62,355)
Altisource [Member]	'	'
Net Receivable (Payable)	'	'
Net Receivable (Payable)	-3,074	-3,843
HLSS [Member]	'	'
Net Receivable (Payable)	'	'
Net Receivable (Payable)	-59,832	-59,505
AAMC [Member]	'	'
Net Receivable (Payable)	'	'
Net Receivable (Payable)	304	943
Residential [Member]	'	'
Net Receivable (Payable)	'	'
Net Receivable (Payable)	$0	$50

Regulatory_Requirements_Detail

Regulatory Requirements - (Details) (USD $)	Mar. 31, 2014
In Millions, unless otherwise specified
Brokers and Dealers [Abstract]	'
Capital Requirement, Unpaid Principal Balance	$820.40

Commitments_and_Contingencies_1

Commitments and Contingencies - Narrative (Details) (USD $)	3 Months Ended	0 Months Ended	3 Months Ended		1 Months Ended
	Mar. 31, 2014	Dec. 19, 2013	Mar. 31, 2014	Dec. 19, 2013	Feb. 28, 2014
	Loan	Unfavorable Regulatory Action [Member]	Unfavorable Regulatory Action [Member]	Unfavorable Regulatory Action [Member]	Wells Fargo [Member]
				Minimum [Member]	Loan
Loss Contingencies [Line Items]	'	'	'	'	'
Mortgage Loans on Real Estate, Number of Acquired Loans On Hold	'	'	'	'	184,000
Acquisitions	'	'	'	'	$39,000,000,000
Loss Contingency, Oversight Monitor Period	'	'	'3 years	'	'
Loss Contingency, Consumer Relief Fund	'	127,300,000	'	'	'
Loss Contingency Accrual	'	66,900,000	'	'	'
Loss Contingency, Principal Forgiveness Modification Program, Aggregate Amount	'	'	'	2,000,000,000	'
Loss Contingency, Principal Forgiveness Modification Program, Term	'	'3 years	'	'	'
Provided Or Assumed Representation And Warranty Obligations Of Unpaid Principal Balance	87,900,000,000	'	'	'	'
Warranty Repurchase Demands Unpaid Principal Balance	$138,700,000	'	'	'	'
Warranty Repurchase Demands Number Of Loans	701	'	'	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Indemnification Obligations (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Indemnification Obligations Liability [Roll Forward]	'
Balance at December 31, 2013	$192,716	[1]
Provision for representation and warranty obligations	7,266
New production reserves	182
Obligations assumed in connection with MSR and servicing business acquisitions	0
Charge-offs and other	-30,929	[2]
Balance at March 31, 2014	$169,235	[1]
[1]	See Note 21 — Commitments and Contingencies for additional information.
[2]	Includes principal and interest losses realized in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.

Subsequent_Events_Narrative_De

Subsequent Events - Narrative (Details) (USD $)	3 Months Ended	5 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Apr. 30, 2014
			Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'
Repurchase of common stock (in shares)	60,000	1,185,707	485,176
Repurchase of common stock	$2,308	'	$18,800