CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenue
Servicing and subservicing fees	$ 112,611	$ 86,424	$ 310,953	$ 218,840
Process management fees	9,215	7,911	26,151	24,132
Other revenues	636	1,234	2,201	4,136
Total revenue	122,462	95,569	339,305	247,108
Operating expenses
Compensation and benefits	29,067	43,886	59,107	69,752
Amortization of mortgage servicing rights	11,210	7,874	30,059	22,103
Servicing and origination	1,969	1,707	5,192	4,756
Technology and communications	8,529	6,727	21,774	18,582
Professional services	5,075	25,132	10,729	37,521
Occupancy and equipment	6,720	5,201	15,003	13,517
Other operating expenses	3,080	2,847	7,239	6,978
Total operating expenses	65,650	93,374	149,103	173,209
Income from operations	56,812	2,195	190,202	73,899
Other income (expense)
Interest income	2,186	2,962	6,644	8,507
Interest expense	(27,658)	(24,187)	(87,014)	(50,017)
Loss on trading securities		(3,013)		(3,958)
Loss on loans held for resale, net	(1,011)	(539)	(3,531)	(2,626)
Equity in (loss) earnings of unconsolidated entities	(140)	266	(690)	1,344
Other, net	(1,238)	1,604	(1,135)	(3,154)
Other expense, net	(27,861)	(22,907)	(85,726)	(49,904)
Income (loss) from continuing operations before taxes	28,951	(20,712)	104,476	23,995
Income tax expense (benefit)	8,730	(7,487)	35,808	310
Income (loss) from continuing operations	20,221	(13,225)	68,668	23,685
Income from discontinued operations, net of taxes		4,383		4,383
Net income (loss)	20,221	(8,842)	68,668	28,068
Net loss (income) attributable to non-controlling interests	7	7	12	(5)
Net income (loss) attributable to OCN	$ 20,228	$ (8,835)	$ 68,680	$ 28,063
Basic earnings per share
Income (loss) from continuing operations (in Dollars per share)	$ 0.20	$ (0.13)	$ 0.68	$ 0.24
Income from discontinued operations (in Dollars per share)		$ 0.04		$ 0.04
Net income (loss) attributable to OCN (in Dollars per share)	$ 0.20	$ (0.09)	$ 0.68	$ 0.28
Diluted earnings per share
Income (loss) from continuing operations (in Dollars per share)	$ 0.19	$ (0.13)	$ 0.64	$ 0.23
Income from discontinued operations (in Dollars per share)		$ 0.04		$ 0.04
Net income (loss) attributable to OCN (in Dollars per share)	$ 0.19	$ (0.09)	$ 0.64	$ 0.27
Weighted average common shares outstanding
Basic (in Shares)	101,016,777	100,329,915	100,908,473	100,159,547
Diluted (in Shares)	108,273,444	100,329,915	108,067,981	107,379,725