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Interest Expense (Tables)

12 Months Ended

Dec. 31, 2013

Other Income and Expenses [Abstract]

Schedule of Components of Interest Expense

The following table presents the components of interest expense for the years ended December 31:



	2013				2012				2011
Match funded liabilities	$	75,979			$	122,292			$	93,051
Financing liabilities (1) (2)	246,241				54,710				—
Other secured borrowings	81,851				41,510				32,985
Debt securities:
3.25% Convertible Notes (3)	—				153				1,834
10.875% Capital Securities (4)	—				1,894				2,840
Other	8,771				2,896				2,060
	$	412,842			$	223,455			$	132,770


(1)	Includes interest expense of $245.8 million and $54.7 million in 2013 and 2012, respectively, related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below:

Schedule of Related Party Interest Expense



	2013				2012
Servicing fees collected on behalf of HLSS	$	633,377			$	117,789
Less: Subservicing fee retained by Ocwen	317,723				50,162
Net servicing fees remitted to HLSS	315,654				67,627
Less: Reduction in financing liability	69,812				12,917
Interest expense on HLSS financing liability	$	245,842			$	54,710


(2)	Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues. See Note 2 — Securitizations and Variable Interest Entities for additional information.


(3)	We redeemed the remaining 3.25% Convertible Notes outstanding on March 28, 2012.


(4)	We redeemed the remaining 10.875% Capital Securities outstanding on August 31, 2012.