Other Financing Liabilities

6 Months Ended

Jun. 30, 2022

Note 12 - Other Financing Liabilities

The following tables presents transferred MSR liabilities recorded in connection with MSR sales and transfers that do not qualify for sale accounting and liabilities of consolidated mortgage-backed securitization trusts.


			Outstanding Balance
Borrowing Type	Collateral	Maturity	June 30, 2022		December 31, 2021

Original Rights to MSRs Agreements, at fair value - NRZ (1)	MSRs	(1)	$	550,808	$	558,940




Pledged MSR liability, at fair value - MAV (1)	MSRs	(1)	355,530		238,144
			906,338		797,084

Financing liability - Owed to securitization investors, at fair value:
Residential Asset Securitization Trust 2003-A11 (RAST 2003-A11) (2)	Loans held for investment	Oct. 2033	7,289		7,879
Total Other financing liabilities, at fair value			$	913,627	$	804,963

(1)See Note 8 — MSR Transfers Not Qualifying for Sale Accounting for additional information.

(2)Consists of securitization debt certificates due to third parties that represent beneficial interests in trusts that we include in our unaudited consolidated financial statements. Holders of the debt issued by the consolidated securitization trust entities have recourse only to the assets of the SPE for satisfaction of the debt and have no recourse against the assets of Ocwen. Similarly, the general creditors of Ocwen have no claim on the assets of the trusts. The certificates in the trust pay interest based on fixed rates ranging between 4.25% and 5.75% and a variable rate based on 1ML plus applicable margin, and include principal-only certificates that are not entitled to receive distributions of interest. The maturity of the certificates occurs upon maturity of the loans held by the trust.