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Interest Expense - Schedule of Components of Interest Expense (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013
Debt securities: |  |  |  |  |  |  |  |
Interest expense | $ 136,207 |  | $ 113,220 |  | $ 276,080 |  | $ 202,679 |
Financing Liabilities [Member] |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Interest expense | 93,456 | [1],[2] | 63,312 | [1],[2] | 193,685 | [1],[2] | 103,924 | [1],[2]
Other Secured Borrowings [Member] |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Interest expense | 20,282 |  | 22,648 |  | 41,568 |  | 38,602 |
Match Funded Liabilties [Member] |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Interest expense | 15,349 |  | 24,649 |  | 31,665 |  | 55,000 |
Unsecured Debt [Member] |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Interest expense | 3,326 |  | 0 |  | 3,326 |  | 0 |
Other [Member] |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |
Interest expense | $ 3,794 |  | $ 2,611 |  | $ 5,836 |  | $ 5,153 |
[1] | 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.
[2] | (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 months2014 2013 2014 2013Servicing fees collected on behalf of HLSS$185,797 $128,699 $375,021 $230,957Less: Subservicing fee retained by Ocwen90,851 65,465 181,675 112,547Net servicing fees remitted to HLSS94,946 63,234 193,346 118,410Less: Reduction in financing liability4,820 — 4,224 14,593Interest expense on HLSS financing liability$90,126$63,234 $189,122 $103,817

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- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 + Details
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