Other Income (Expense), Net

12 Months Ended

Dec. 31, 2011

Other Income (Expense), Net [Abstract]

OTHER INCOME (EXPENSE), NET

15. OTHER INCOME (EXPENSE), NET

Other Income (Expense) consists of the following:

		September 30,			September 30,			September 30,
	For the Years Ended December 31,
(in thousands)	2011			2010			2009
Interest Income	$	32		$	31		$	16
Interest Expense		(85	)		(119	)		(1,660	)
Change in Fair Value of Put Option		732			557			—
Equity Loss in Affiliate, net		(530	)		—			—
Other, net		54			335			2,678
Total	$	203		$	804		$	1,034

Through the date of Separation, Interest Expense included an interest charge from Ocwen which represented an allocation of Ocwen’s total interest expense calculated based on our assets in comparison to Ocwen’s total assets. This charge was $1.3 million for the year ending December 31, 2009. Subsequent to the date of Separation, we are no longer subject to the interest charge from Ocwen.

The change in Fair Value of Put Option relates to three put option agreements we entered into with certain of the sellers of MPA. The Put Option expired in December 2011.

Equity loss in affiliate represents our proportionate share of the earnings in Correspondent One (see Note 9).

Other, net in 2009 includes $2.3 million of income relating to a litigation settlement.