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NOTE 14 MATCH FUNDED LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2013

Match Funded Liabilities [Abstract]

Scheduel of match funded liabilities

								Available				Balance Outstanding
Borrowing Type		Interest Rate		Maturity (1)		Amortization  Date (1)		Borrowing  Capacity (2)				March 31, 2013				December 31, 2012
2011-Servicer Advance Revolving Trust 1 (3)		2.23%		May 2043		May 2013			—				—			$	325,000
2011-Servicer Advance Revolving Trust 1 (3)		3.37 – 5.92%		May 2043		May 2013			—				—				525,000
2012-Servicing Advance Revolving Trust 2 (3)		3.27 – 6.90%		Sep. 2043		Sept. 2013			—				—				250,000
2012-Servicing Advance Revolving Trust 3 (3)		2.98%		Mar. 2043		Mar. 2013			—				—				248,999
2012-Servicing Advance Revolving Trust 3 (3)		3.72 – 7.04%		Mar. 2044		Mar. 2014			—				—				299,278
Total fixed rate									—				—				1,648,277
Advance Receivable Backed Notes (4)		1ML + 285 bps		Apr. 2015		Apr. 2014			125,003				174,997				205,016
Advance Receivable Backed Notes Series 2012-ADV1 (5)		CP rate + 225 or 335 bps		Dec. 2043		Dec. 2013			258,172				191,828				232,712
Advance Receivable Backed Notes Series 2012-ADV1		1ML + 250 bps		June 2016		June 2014			21,391				178,609				94,095
Advance Receivable Backed Note		1ML + 300 bps		Dec. 2015		Dec. 2014			2,392				47,608				49,138
2011-Servicing Advance Revolving Trust 1 (3)		1ML + 300 bps		May 2043		May 2013			—				—				204,633
2012-Servicing Advance Revolving Trust 2 (3)		1ML + 315 bps		Sep. 2043		Sept. 2013			—				—				22,003
2012-Servicing Advance Revolving Trust 3 (3)		1ML + 300 bps – 675 bps		Mar. 2044		Mar. 2014			—				—				40,626
2012-Homeward Agency Advance Funding Trust 2012-1		1ML + 300 bps		Sept. 2013		Sept. 2013			4,665				20,335				16,094
2012-Homeward DSF Advance Revolving Trust 2012-1 (3)		1ML + 450 bps		Feb. 2013		Feb. 2013			—				—				20,151
Homeward Residential Bridge Loan Trust – 2013 Series-Bridge-VF1 and VF2 (3)		1ML + 150 bps		Aug. 2043		Aug. 2013			246,752				1,153,248				—
Ocwen Servicer Advance Receivables Trust – Series 2013-VF1 Class A, B, C and D Notes		1ML + 150 – 525 bps		Feb. 2044		Feb. 2014			318,081				881,919				—
Ocwen Servicer Advance Receivables Trust II – Series 2013-VF1 Class A, B, C and D Notes		1ML + 287.5 bps		Feb. 2044		Feb. 2014			15,560				334,440				—
Total variable rate									992,016				2,982,984				884,468
								$	992,016			$	2,982,984			$	2,532,745

(1) The amortization date of our facilities is the date on which the revolving period ends under each advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended. The maturity date is the date on which all outstanding balances must be repaid. In two advance facilities, there are multiple notes outstanding. For each note, after the amortization date, all collections that represent the repayment of advances pledged to the facility must be applied to reduce the balance of the note outstanding, and any new advances are ineligible to be financed.

(2) Borrowing capacity is available to us provided that we have additional eligible collateral to pledge. Collateral may only be pledged to one facility. At March 31, 2013, none of the available borrowing capacity could be used because we had borrowed the maximum amount against the pledged collateral.

(3) The 2011-Servicing Advance Revolving Trust 1, 2012-Servicing Advance Revolving Trust 2, 2012-Servicing Advance Revolving Trust 3 and 2012-Homeward DSF Advance Revolving Trust 2012-1 facilities were repaid in February 2013 from the proceeds of a new $1.4 billion bridge facility which has an amortization date of August 14, 2013.

(4) The maximum borrowing capacity under this facility was reduced from $650 million to $300 million on December 26, 2012.

(5) The maximum borrowing capacity under this facility was increased from $250 million to $450 million on December 26, 2012.

(6) We entered into these facilities in connection with the ResCap Acquisition (See Note 3 – Business Acquisitions).

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- Definition

Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 860

-SubTopic 30

-Section 50

-Paragraph 1A

-Subparagraph (b)(1)

-URI http://asc.fasb.org/extlink&oid=7523297&loc=SL6224234-111729



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS140-4/FIN46(R)-8

-Paragraph B12

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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