ACCOUNTS RECEIVABLE, NET

9 Months Ended

Sep. 30, 2013

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET

NOTE 4 — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

	September 30,			December 31,
(in thousands)	2013			2012
Billed
Non-related parties	$	27,392		$	25,950
Ocwen	11,146			19,817
Correspondent One	—			27
HLSS	71			163
AAMC	595			14
Residential	71			—
Other receivables	234			353
	39,509			46,324
Unbilled
Non-related parties	40,010			39,496
Ocwen	8,940			6,377
Correspondent One	—			32
	88,459			92,229
Allowance for doubtful accounts	(4,608		)	(3,274		)
Total	$	83,851		$	88,955

Unbilled fees consist primarily of asset management and default management services for which we recognize revenues over the service delivery period but bill following completion of the service.