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Interest Expense (Tables)

6 Months Ended

Jun. 30, 2015

Other Income and Expenses [Abstract]

Schedule of Components of 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.

Schedule of Related Party Interest Expense



	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