Interest Expense (Tables)

9 Months Ended

Sep. 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 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.



	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