CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	3 Months Ended		9 Months Ended		33 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Net income	$ 20,221	$ (8,842)	$ 68,668	$ 28,068	$ 28,068
Adjustments to reconcile net income to net cash provided by operating activities
Amortization of mortgage servicing rights	11,210	7,874	30,059	22,103
Amortization of debt discount			8,101	3,390
Amortization of debt issuance costs – senior secured term loan			8,888	497
Depreciation			1,974	1,434
Write-off of investment in commercial real estate property				3,000
Reversal of valuation allowance on mortgage servicing assets			(868)	(185)
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)
Unrealized losses on derivative financial instruments			4,743	442
Gain on extinguishment of debt			(3,651)	(152)
Increase in deferred tax assets, net			(354)	(421)
Net cash provided by trading activities				168,853
Net cash provided by loans held for resale activities			1,050	1,163
Changes in assets and liabilities:
Decrease in advances and match funded advances			699,516	204,343
Increase in receivables and other assets, net			(5,349)	(20,382)
Increase (decrease) in servicer liabilities			1,925	(36,304)
(Decrease) increase in other liabilities			(23,341)	44,912
Other, net			8,039	8,581
Net cash provided by operating activities			803,621	434,582
Cash flows from investing activities
Cash paid to acquire Litton Loan Servicing LP			(2,646,486)
Cash paid to acquire HomEq Servicing (a business within Barclays Bank PLC)				(1,167,122)
Purchase of mortgage servicing rights				(23,425)
Acquisition of advances and other assets in connection with the purchase of mortgage servicing rights				(528,882)
Distributions of capital from unconsolidated entities – Ocwen Structured Investments, LLC, Ocwen Nonperforming Loans, LLC and Ocwen REO, LLC			2,415	3,542
Investment in unconsolidated entity – Correspondent One S.A.			(15,000)
Additions to premises and equipment			(1,236)	(3,261)
Proceeds from sales of real estate			1,448	3,001
(Increase) decrease in restricted cash – for securitization investors			(183)	813
Principal payments received on loans – restricted for securitization investors			4,610	3,558
Net cash used by investing activities			(2,654,432)	(1,711,776)
Cash flows from financing activities
Proceeds from match funded liabilities			1,597,699	1,140,655
Repayment of secured borrowings – owed to securitization investors			(7,382)	(7,487)
Proceeds from lines of credit and other secured borrowings			563,500	448,316
Repayment of lines of credit and other secured borrowings			(266,275)	(63,018)
Payment of debt issuance costs – senior secured term loan			(12,070)
Repayment of investment line				(156,968)
Repurchase of debt securities				(11,659)
Exercise of common stock options			1,285	2,381
Other			(1,705)	(2,034)
Net cash provided by financing activities			1,875,052	1,350,186
Net increase in cash			24,241	72,992
Cash at beginning of period			127,796	90,919
Cash at end of period	152,037	163,911	152,037	163,911	152,037
Fair value of assets acquired
Cash	(23,791)		(23,791)		(23,791)
Advances	(2,468,137)	(1,062,873)	(2,468,137)	(1,062,873)	(2,468,137)
Mortgage servicing rights	(135,341)	(84,683)	(135,341)	(84,683)	(135,341)
Premises and equipment	(24,224)	(8,008)	(24,224)	(8,008)	(24,224)
Goodwill	(44,570)	(19,457)	(44,570)	(19,457)	(44,570)
Receivables		(1,423)		(1,423)
Other assets	(5,829)		(5,829)		(5,829)
[BusinessAcquisitionPurchasePriceAllocationAssetsAcquired]	(2,701,892)	(1,176,444)	(2,701,892)	(1,176,444)	(2,701,892)
Fair value of liabilities assumed
Other liabilities	31,615	9,322	31,615	9,322	31,615
Cash paid	(2,670,277)	(1,167,122)	(2,670,277)	(1,167,122)	(2,670,277)
Less: Cash acquired			23,791
Net cash paid			$ (2,646,486)	$ (1,167,122)