XML 18 R70.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Acquisitions - Narrative (Details) (USD $)
0 Months Ended 9 Months Ended 19 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Feb. 15, 2013
ResCap [Member]
loan
Sep. 30, 2014
ResCap [Member]
Sep. 30, 2013
ResCap [Member]
Sep. 30, 2014
ResCap [Member]
Dec. 31, 2013
ResCap [Member]
Feb. 15, 2013
ResCap [Member]
Feb. 15, 2013
ResCap [Member]
Senior Secured Term Loan [Member]
Feb. 15, 2013
ResCap [Member]
Mortgage Servicing Rights [Member]
Feb. 15, 2013
ResCap [Member]
Mortgage Servicing Rights [Member]
Freddie Mac and Ginnie Mae Loans [Member]
Feb. 15, 2013
ResCap [Member]
Subservice Mortgage Servicing Rights [Member]
Mar. 31, 2013
Correspondent One [Member]
Mar. 31, 2013
Correspondent One [Member]
Mar. 31, 2013
Correspondent One [Member]
Unrelated Party [Member]
Mar. 31, 2013
Correspondent One [Member]
Altisource [Member]
Mar. 30, 2013
Correspondent One [Member]
Altisource [Member]
Apr. 01, 2013
Liberty Acquisition [Member]
Apr. 01, 2013
Liberty Acquisition [Member]
Jan. 31, 2014
OSI [Member]
Jan. 31, 2014
OSI [Member]
Jan. 30, 2014
OSI [Member]
Sep. 30, 2014
Servicing [Member]
Sep. 30, 2014
Lending [Member]
Sep. 30, 2014
Corporate and Other [Member]
Business Acquisition [Line Items]                                                  
Useful life of MSRs and goodwill       15 years                                          
Purchase price          [1] $ 2,260,830,000 [1] $ 174,600,000                       $ 22,000,000   $ 11,000,000          
Contingent consideration       0 [2]   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                                  
Face amount                 1,300,000,000                                
Proceeds from Issuance of Debt     1,200,000,000                                            
Number Of New Line Of Credit Facility     2                                            
Number Of Existing Line Of Credit Facility     1                                            
Percentage of voting interests acquired                               100.00% 49.00%       87.35% 26.00%      
Total consideration               2,343,929,000             900,000 12,600,000                  
Recognized identifiable assets acquired and liabilities assumed, assets          [1] 2,418,554,000 [1]    [1]               26,400,000         31,100,000   20,000,000        
Cash                           23,000,000         4,600,000   3,200,000        
Recognized identifiable assets acquired and liabilities assumed, current assets, receivables                           1,100,000         11,200,000            
Recognized loss on changes in fair value of investment                         400,000                        
Repayment of outstanding debt                                   9,100,000              
Reverse mortgage acquired                                     60,000,000            
Recognized identifiable assets acquired and liabilities assumed, current assets, loans held for sale                                     10,300,000            
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            
Recognized assets acquired and liabilities assumed                                       100.00%          
Noncontrolling interest, ownership percentage by parent                                         12.65%        
Recognized identifiable assets acquired and liabilities assumed, mortgage service rights                                         9,000,000        
Recognized identifiable assets acquired and liabilities assumed, mortgage backed securities                                         7,700,000        
Additions charged to operations                                             $ 14,400,000 $ (100,000) $ 3,300,000
[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.