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Interest Expense (Tables)

3 Months Ended

Mar. 31, 2015

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:



	2015				2014
Financing liabilities (1) (2)	$	73,824			$	100,230
Other secured borrowings	22,916				21,284
Match funded liabilities	14,280				16,318
6.625% Senior unsecured notes	6,129				—
Other	2,247				2,041
	$	119,396			$	139,873


(1)	Includes interest expense related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below.



	2015				2014
Servicing fees collected on behalf of HLSS	$	180,297			$	189,157
Less: Subservicing fee retained by Ocwen	91,214				90,161
Net servicing fees remitted to HLSS	89,083				98,996
Less: Reduction in financing liability	17,723				—
Interest expense on HLSS financing liability	$	71,360			$	98,996


(2)	Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues.

Schedule of Related Party Interest Expense



	2015				2014
Servicing fees collected on behalf of HLSS	$	180,297			$	189,157
Less: Subservicing fee retained by Ocwen	91,214				90,161
Net servicing fees remitted to HLSS	89,083				98,996
Less: Reduction in financing liability	17,723				—
Interest expense on HLSS financing liability	$	71,360			$	98,996