XML 141 R124.htm IDEA: XBRL DOCUMENT v3.6.0.2
Interest Expense - Schedule of Components of Interest Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Debt securities:      
Interest expense $ 412,583 $ 482,373 $ 541,757
Financing Liabilities [Member]      
Debt securities:      
Interest expense [1],[2] 248,834 292,306 371,852
Match Funded Liabilties [Member]      
Debt securities:      
Interest expense 66,879 65,248 61,576
Other Secured Borrowings [Member]      
Debt securities:      
Interest expense 60,469 91,391 82,837
Senior Notes [Member]      
Debt securities:      
Interest expense 30,012 26,259 15,595
Other [Member]      
Debt securities:      
Interest expense $ 6,389 $ 7,169 $ 9,897
[1] Includes $10.5 million and $14.3 million of fees incurred in 2016 and 2015, respectively, in connection with our agreement to compensate NRZ/HLSS through June 2016 for certain increased costs associated with its servicing advance financing facilities that were the direct result of a previous downgrade of our S&P servicer rating.
[2] Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below:20162015 2014Servicing fees collected on behalf of NRZ/HLSS$633,545 $694,833 $736,122Less: Subservicing fee retained by Ocwen337,727 355,527 358,053Net servicing fees remitted to NRZ/HLSS295,818 339,306 378,069Less: Reduction in financing liability61,418 70,513 17,374Interest expense on NRZ/HLSS financing liability$234,400$268,793 $360,695The reduction in the financing liability does not include reimbursements to NRZ/HLSS for the loss of servicing revenues when we were terminated as servicer and where the related Rights to MSRs had been sold to NRZ/HLSS.