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Interest Expense

6 Months Ended

Jun. 30, 2015

Other Income and Expenses [Abstract]

Interest Expense

Note 14 – Interest Expense

The following table presents the components of interest expense for the three and six months ended June 30:



	Three months								Six Months
	2015				2014				2015				2014
Financing liabilities (1) (2)	$	74,066			$	93,456			$	147,891			$	193,685
Other secured borrowings	25,710				20,282				48,625				41,568
Match funded liabilities	15,674				15,349				29,955				31,665
6.625% Senior unsecured notes	6,651				3,326				12,780				3,326
Other	2,796				3,794				5,042				5,836
	$	124,897			$	136,207			$	244,293			$	276,080


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



	Three months								Six Months
	2015				2014				2015				2014
Servicing fees collected on behalf of NRZ	$	175,108			$	185,797			$	355,405			$	375,021
Less: Subservicing fee retained by Ocwen	89,991				90,851				181,205				181,675
Net servicing fees remitted to NRZ	85,117				94,946				174,200				193,346
Less: Reduction in financing liability	13,276				4,820				30,999				4,224
Interest expense on NRZ financing liability	$	71,841			$	90,126			$	143,201			$	189,122


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