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NOTE 19 INTEREST EXPENSE

6 Months Ended

Jun. 30, 2013

Interest Expense [Abstract]

INTEREST EXPENSE

NOTE 19 INTEREST EXPENSE

The following table presents the components of interest expense for the periods ended June 30:

		Three Months								Six Months
		2013				2012				2013				2012
Match funded liabilities		$	25,078			$	35,920			$	55,429			$	67,035
Other borrowings (1)			72,180				21,060				132,703				35,283
Debt securities:
3.25% Convertible Notes			—				—				—				153
10.875% Capital Trust Securities			—				710				—				1,420
Other			2,610				629				5,152				1,352
		$	99,868			$	58,319			$	193,284			$	105,243

(1) Includes interest expense of $49.9 million and $10.6 million for the three months ended June 30, 2013 and 2012, respectively, and $94.4 million and $13.5 million for the six months ended June 30, 2013 and 2012, respectively, related to financing liabilities recorded in connection with the HLSS Transactions. See Note 3 – Transfers of Financial Assets and Note 15 – Other Borrowings for additional information.

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- Definition

The disclosure of the cost of all borrowed funds accounted for as interest expense that was charged against earnings during the period, by category of interest-bearing liabilities.

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