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Interest Expense | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2015 | Dec. 31, 2014
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.
| Note 20 — Interest Expense The following table presents the components of interest expense for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Match funded liabilities | $ | 61,576 |  |  | $ | 75,979 |  |  | $ | 122,292 |
Financing liabilities (1) (2) | 371,852 |  |  | 228,985 |  |  | 54,710 |
Other secured borrowings | 82,837 |  |  | 81,851 |  |  | 41,510 |
6.625% Senior Unsecured Notes | 15,595 |  |  | — |  |  | — |
3.25% Convertible Notes (3) | — |  |  | — |  |  | 153 |
10.875% Capital Securities (4) | — |  |  | — |  |  | 1,894 |
Other | 9,897 |  |  | 8,771 |  |  | 2,896 |
| $ | 541,757 |  |  | $ | 395,586 |  |  | $ | 223,455 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the HLSS Transactions as indicated in the table below:
| 2014 |  | 2013 | 2012
Servicing fees collected on behalf of HLSS | $ | 736,122 |  |  | $ | 633,377 |  | $ | 117,789 |
Less: Servicing fee retained by Ocwen | 358,053 |  |  | 317,723 |  | 50,162 |
Net servicing fees remitted to HLSS | 378,069 |  |  | 315,654 |  | 67,627 |
Less: Reduction in financing liability | 17,374 |  |  | 87,068 |  | 12,917 |
Interest expense on HLSS financing liability | $ | 360,695 |  |  | $ | 228,586 |  | $ | 54,710 |
The reduction in financing liability for 2014 does not include $2.0 million in reimbursements to HLSS for the loss of servicing revenues when we were terminated as servicer and the related Rights to MSRs had been sold to HLSS.
(2) | Interest expense that we expect to be paid on the HMBS-related borrowings is included with net fair value gains in Other revenues.
(3) | We redeemed the remaining 3.25% Convertible Notes outstanding on March 28, 2012.
(4) | We redeemed the remaining 10.875% Capital Securities outstanding on August 31, 2012.

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