XML 100 R89.htm IDEA: XBRL DOCUMENT v3.7.0.1
Interest Expense - Schedule of Components of Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Debt securities:    
Interest expense $ 84,062 $ 106,089
Financing Liabilities [Member]    
Debt securities:    
Interest expense [1],[2] 52,969 67,707
Match Funded Liabilties [Member]    
Debt securities:    
Interest expense 12,849 18,174
Other Secured Borrowings [Member]    
Debt securities:    
Interest expense 9,548 12,713
Senior Notes [Member]    
Debt securities:    
Interest expense 7,456 6,208
Other [Member]    
Debt securities:    
Interest expense $ 1,240 $ 1,287
[1] Includes $6.2 million of fees incurred during the three months ended March 31, 2016 in connection with our agreement to compensate NRZ/HLSS for a period of 12 months (beginning June 2015) 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. The 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 HLSS. For the Three Months Ended March 31,2017 2016Servicing fees collected on behalf of NRZ/HLSS$147,311 $162,129Less: Subservicing fee retained by Ocwen79,154 84,370Net servicing fees remitted to NRZ/HLSS68,157 77,759Less: Reduction in financing liability16,999 18,201Interest expense on NRZ/HLSS financing liability$51,158$59,558