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NOTE 20 INTEREST EXPENSE

9 Months Ended

Sep. 30, 2013

Interest Expense [Abstract]

INTEREST EXPENSE

Note 20 Interest Expense

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

		Three Months								Nine Months
		2013				2012				2013				2012
Match funded liabilities		$	11,249			$	32,359			$	66,678			$	99,394
Other borrowings (1)			95,496				24,877				228,198				60,160
Debt securities:
3.25% Convertible Notes			—				—				—				153
10.875% Capital Trust Securities			—				473				—				1,894
Other			3,310				708				8,463				2,059
		$	110,055			$	58,417			$	303,339			$	163,660

(1) Includes interest expense of $74.2 million and $14.0 million for the three months ended September 30, 2013 and 2012, respectively, and $168.6 million and $27.6 million for the nine months ended September 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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