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Interest Expense | 9 Months Ended
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Sep. 30, 2015
Other Income and Expenses [Abstract] |
Interest Expense | Note 14 – Interest Expense The following table presents the components of interest expense for the three and nine months ended September 30:
| Three months |  | Nine Months
| 2015 |  | 2014 |  | 2015 |  | 2014
Financing liabilities (1)(2)(3) | $ | 73,866 |  |  | $ | 88,246 |  |  | $ | 222,067 |  |  | $ | 281,930 |
Other secured borrowings | 19,822 |  |  | 20,790 |  |  | 68,447 |  |  | 62,359 |
Match funded liabilities | 15,425 |  |  | 15,097 |  |  | 45,379 |  |  | 46,762 |
6.625% Senior unsecured notes | 6,741 |  |  | 6,141 |  |  | 19,521 |  |  | 9,466 |
Other | 2,459 |  |  | 2,775 |  |  | 7,192 |  |  | 8,612 |
| $ | 118,313 |  |  | $ | 133,049 |  |  | $ | 362,606 |  |  | $ | 409,129 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below.
| Three months |  | Nine Months
| 2015 |  | 2014 |  | 2015 |  | 2014
Servicing fees collected on behalf of NRZ | $ | 175,994 |  |  | $ | 177,113 |  |  | $ | 531,399 |  |  | $ | 553,423 |
Less: Subservicing fee retained by Ocwen | 91,597 |  |  | 83,550 |  |  | 272,802 |  |  | 266,514 |
Net servicing fees remitted to NRZ | 84,397 |  |  | 93,563 |  |  | 258,597 |  |  | 286,909 |
Less: Reduction in financing liability | 21,160 |  |  | 8,736 |  |  | 52,159 |  |  | 12,960 |
Interest expense on NRZ financing liability | $ | 63,237 |  |  | $ | 84,827 |  |  | $ | 206,438 |  |  | $ | 273,949 |
(2) | Includes $8.2 million and $8.5 million for the three and nine months ended September 30, 2015, respectively, of fees incurred in connection with our agreement to compensate NRZ for certain increased costs associated with its servicing advance financing facilities that are the direct result of a downgrade of our S&P servicer rating.
(3) | Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues.

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