Schedule of Components of Interest Expense |
Interest expense related to financing liabilities recorded in connection with the NRZ Transactions is indicated in the table below. | | | | | | | | | | | | | | | | | Periods ended September 30, | Three Months | | Nine Months | 2017 | | 2016 | | 2017 | | 2016 | Servicing fees collected on behalf of NRZ | $ | 129,228 |
| | $ | 159,919 |
| | $ | 420,151 |
| | $ | 482,566 |
| Less: Subservicing fee retained by Ocwen | 68,536 |
| | 87,506 |
| | 226,483 |
| | 257,408 |
| Net servicing fees remitted to NRZ | 60,692 |
| | 72,413 |
| | 193,668 |
| | 225,158 |
| Less: Reduction (increase) in financing liability | | | | | | | | Changes in fair value | 27,024 |
| | (807 | ) | | 27,024 |
| | (1,555 | ) | Runoff, settlement and other | 19,770 |
| | 594 |
| | 52,963 |
| | 47,172 |
| | $ | 13,898 |
| | $ | 72,626 |
| | $ | 113,681 |
| | $ | 179,541 |
|
The following table presents the components of interest expense: | | | | | | | | | | | | | | | | | Periods ended September 30, | Three Months | | Nine Months | 2017 | | 2016 | | 2017 | | 2016 | Financing liabilities | $ | 15,317 |
| | $ | 73,096 |
| | $ | 118,579 |
| | $ | 193,675 |
| Match funded liabilities | 11,981 |
| | 17,349 |
| | 37,499 |
| | 53,656 |
| Other secured borrowings | 10,990 |
| | 13,450 |
| | 30,174 |
| | 38,877 |
| Senior notes | 7,452 |
| | 6,130 |
| | 22,355 |
| | 18,399 |
| Other | 1,541 |
| | 936 |
| | 3,864 |
| | 3,476 |
| | $ | 47,281 |
| | $ | 110,961 |
| | $ | 212,471 |
| | $ | 308,083 |
|
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