Loans Held for Sale - Summary of Activity in Gain on Loans Held for Sale, Net (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Loans Held For Sale At Fair Value [Abstract] | |||
Gain on sales of loans | $ 168,449ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained | $ 82,518ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained | $ 6,797ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained |
Change in fair value of IRLCs | (25,822)ocn_GainLossOnInterestRateDerivativeInstruments | 523ocn_GainLossOnInterestRateDerivativeInstruments | 2ocn_GainLossOnInterestRateDerivativeInstruments |
Change in fair value of loans held for sale | 10,489ocn_ChangeInFairValueOfMortgageLoansHeldForSale | (1,709)ocn_ChangeInFairValueOfMortgageLoansHeldForSale | (5,462)ocn_ChangeInFairValueOfMortgageLoansHeldForSale |
Gain (loss) on economic hedge instruments | (17,214)us-gaap_UnrealizedGainLossOnDerivatives | 42,732us-gaap_UnrealizedGainLossOnDerivatives | (1,075)us-gaap_UnrealizedGainLossOnDerivatives |
Other | (1,605)us-gaap_GainsLossesOnSalesOfOtherRealEstate | (2,370)us-gaap_GainsLossesOnSalesOfOtherRealEstate | (47)us-gaap_GainsLossesOnSalesOfOtherRealEstate |
Gain on loans held for sale, net | $ 134,297us-gaap_GainLossOnSalesOfLoansNet | $ 121,694us-gaap_GainLossOnSalesOfLoansNet | $ 215us-gaap_GainLossOnSalesOfLoansNet |
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- Definition
The increase (decrease) during the reporting period in the fair value of mortgage loans that are held with the intention to sell or be securitized in the near future. No definition available.
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- Definition
Represents the net increase or decrease in the fair value of the interest rate derivative or group of derivatives. No definition available.
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- Definition
Gain On Sale Of Loans Including Value Assigned To MSRs Retained No definition available.
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- Details
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- Definition
The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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