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Interest Expense | 9 Months Ended
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Sep. 30, 2014
Other Income and Expenses [Abstract] |
Interest Expense | Note 16 – Interest Expense The following table presents the components of interest expense for the three and nine months ended September 30:
| Three months |  | Nine Months
| 2014 |  | 2013 |  | 2014 |  | 2013
Financing liabilities (1) (2) | $ | 88,246 |  |  | $ | 81,192 |  |  | $ | 281,930 |  |  | $ | 185,116 |
Other secured borrowings | 20,790 |  |  | 21,608 |  |  | 62,359 |  |  | 60,211 |
Match funded liabilities | 15,097 |  |  | 10,775 |  |  | 46,762 |  |  | 65,774 |
Senior unsecured notes | 6,141 |  |  | — |  |  | 9,466 |  |  | — |
Other | 2,775 |  |  | 3,310 |  |  | 8,612 |  |  | 8,463 |
| $ | 133,049 |  |  | $ | 116,885 |  |  | $ | 409,129 |  |  | $ | 319,564 |
(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 reported consolidated operating results for the three and nine months ended September 30, 2013 to correct an error in the accounting applicable to the financing liabilities in connection with Rights to MSRs sold to HLSS.
| Three months |  | Nine Months
| 2014 |  | 2013 |  | 2014 |  | 2013
Servicing fees collected on behalf of HLSS | $ | 177,113 |  |  | $ | 200,838 |  |  | $ | 553,423 |  |  | $ | 431,795 |
Less: Subservicing fee retained by Ocwen | 83,550 |  |  | 102,040 |  |  | 266,514 |  |  | 214,587 |
Net servicing fees remitted to HLSS | 93,563 |  |  | 98,798 |  |  | 286,909 |  |  | 217,208 |
Less: Reduction in financing liability | 8,736 |  |  | 17,764 |  |  | 12,960 |  |  | 32,357 |
Interest expense on HLSS financing liability | $ | 84,827 |  |  | $ | 81,034 |  |  | $ | 273,949 |  |  | $ | 184,851 |
(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.

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- Definition The disclosure of the cost of all borrowed funds accounted for as interest expense that was charged against earnings during the period, by category of interest-bearing liabilities. + References No definition available. + Details
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