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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Servicing and subservicing fees $ 975,507 $ 937,083 $ 991,597
Gain on loans held for sale, net 38,300 37,336 57,183
Reverse mortgage revenue, net 86,309 60,237 75,515
Other revenue, net 23,259 28,389 70,281
Total revenue 1,123,375 1,063,045 1,194,576
MSR valuation adjustments, net (120,876) (153,457) (52,962)
Operating expenses      
Compensation and benefits 313,508 298,036 358,994
Servicing and origination 109,007 131,297 141,496
Professional services 102,638 165,554 229,451
Technology and communications 79,166 98,241 100,490
Occupancy and equipment 68,146 59,631 66,019
Other expenses 1,474 26,280 49,233
Total operating expenses 673,939 779,039 945,683
Other income (expense)      
Interest income 17,104 14,026 15,965
Interest expense (114,129) (103,371) (126,927)
Pledged MSR liability expense (372,089) (171,670) (236,311)
Gain on repurchase of senior secured notes 5,099 0 0
Bargain purchase gain (381) 64,036 0
Gain on sale of MSRs, net 453 1,325 10,537
Other, net 8,892 (6,371) (3,168)
Total other expense, net (455,051) (202,025) (339,904)
Loss from continuing operations before income taxes (126,491) (71,476) (143,973)
Income tax expense (benefit) 15,634 529 (15,516)
Loss from continuing operations, net of tax (142,125) (72,005) (128,457)
Income from discontinued operations, net of tax 0 1,409 0
Net loss (142,125) (70,596) (128,457)
Net (income) loss attributable to non-controlling interests 0 (176) 491
Net loss attributable to Ocwen stockholders $ (142,125) $ (70,772) $ (127,966)
Earnings (loss) per share attributable to Ocwen stockholders - Basic and Diluted      
Continuing operations (USD per share) $ (1.06) $ (0.54) $ (1.01)
Discontinued operations (USD per share) 0.00 0.01 0.00
Earnings per share, basic and diluted (USD per share) $ (1.06) $ (0.53) $ (1.01)
Weighted average common shares outstanding      
Basic (in shares) 134,444,402 133,703,359 127,082,058
Diluted (in shares) 134,444,402 133,703,359 127,082,058