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Interest Expense (Tables) | 6 Months Ended
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Jun. 30, 2014
Other Income and Expenses [Abstract] |
Schedule of Components of Interest Expense | The following table presents the components of interest expense for the three and six months ended June 30:
| Three months |  | Six months
| 2014 |  | 2013 |  | 2014 |  | 2013
Financing liabilities (1) (2) | $ | 93,456 |  |  | $ | 63,312 |  |  | $ | 193,685 |  |  | $ | 103,924 |
Other secured borrowings | 20,282 |  |  | 22,648 |  |  | 41,568 |  |  | 38,602 |
Match funded liabilities | 15,349 |  |  | 24,649 |  |  | 31,665 |  |  | 55,000 |
Senior unsecured notes | 3,326 |  |  | — |  |  | 3,326 |  |  | — |
Other | 3,794 |  |  | 2,611 |  |  | 5,836 |  |  | 5,153 |
| $ | 136,207 |  |  | $ | 113,220 |  |  | $ | 276,080 |  |  | $ | 202,679 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below. As discussed in Note 1A — Restatement of Previously Issued Consolidated Financial Statements , we are restating our previously issued audited Consolidated Balance Sheet as of December 31, 2013 as restated on Form 10-K/A and our previously reported consolidated operating results for the three and six months ended June 30, 2013 to correct an error in applying the interest method to financing liabilities in connection with Rights to MSRs sold to HLSS. Interest expense on the HLSS Transaction financing liabilities for the three and six months ended June 30, 2013 has been restated.
| Three months |  | Six months
| 2014 |  | 2013 |  | 2014 |  | 2013
Servicing fees collected on behalf of HLSS | $ | 185,797 |  |  | $ | 128,699 |  |  | $ | 375,021 |  |  | $ | 230,957 |
Less: Subservicing fee retained by Ocwen | 90,851 |  |  | 65,465 |  |  | 181,675 |  |  | 112,547 |
Net servicing fees remitted to HLSS | 94,946 |  |  | 63,234 |  |  | 193,346 |  |  | 118,410 |
Less: Reduction in financing liability | 4,820 |  |  | — |  |  | 4,224 |  |  | 14,593 |
Interest expense on HLSS financing liability | $ | 90,126 |  |  | $ | 63,234 |  |  | $ | 189,122 |  |  | $ | 103,817 |
(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.
Schedule of Related Party Interest Expense |
| Three months |  | Six months
| 2014 |  | 2013 |  | 2014 |  | 2013
Servicing fees collected on behalf of HLSS | $ | 185,797 |  |  | $ | 128,699 |  |  | $ | 375,021 |  |  | $ | 230,957 |
Less: Subservicing fee retained by Ocwen | 90,851 |  |  | 65,465 |  |  | 181,675 |  |  | 112,547 |
Net servicing fees remitted to HLSS | 94,946 |  |  | 63,234 |  |  | 193,346 |  |  | 118,410 |
Less: Reduction in financing liability | 4,820 |  |  | — |  |  | 4,224 |  |  | 14,593 |
Interest expense on HLSS financing liability | $ | 90,126 |  |  | $ | 63,234 |  |  | $ | 189,122 |  |  | $ | 103,817 |

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