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Interest Expense
 9 Months Ended
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.