- DefinitionThis represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing.
+ References
+ Details
| Name: |
onit_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue |
| Namespace Prefix: |
onit_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
instant |