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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)	100,230				40,612
Other secured borrowings	21,284				15,954
Other	2,041				2,542
	$	139,873			$	89,459


(1)	Includes interest expense of $99.0 million and $40.6 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	90,161				47,082
Net servicing fees remitted to HLSS	98,996				55,176
Less: Reduction in financing liability	—				14,593
Interest expense on HLSS financing liability	$	98,996			$	40,583


(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.