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Interest Expense (Tables)

3 Months Ended

Mar. 31, 2014

Other Income and Expenses [Abstract]

Schedule of Components of Interest Expense

The following table presents the components of interest expense for the three months ended March 31:



	2014				2013
Match funded liabilities	$	16,318			$	30,351
Financing liabilities (1) (2)	82,973				44,569
Other secured borrowings	21,284				15,954
Other	2,041				2,542
	$	122,616			$	93,416


(1)	Includes interest expense of $81.7 million and $44.5 million during the three months ended March 31, 2014 and 2013, respectively, related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below:

Schedule of Related Party Interest Expense



	2014				2013
Servicing fees collected on behalf of HLSS	$	189,157			$	102,258
Less: Subservicing fee retained by Ocwen	90,756				47,082
Net servicing fees remitted to HLSS	98,401				55,176
Less: Reduction in financing liability	16,661				10,636
Interest expense on HLSS financing liability	$	81,740			$	44,540


(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.