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Interest Expense | 6 Months Ended
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Jun. 30, 2016
Other Income and Expenses [Abstract] |
Interest Expense | Note 14 – Interest Expense The following table presents the components of interest expense for the periods ended June 30:
| Three months |  | Six Months
| 2016 |  | 2015 |  | 2016 |  | 2015
Financing liabilities (1) (2) | $ | 52,803 |  |  | $ | 74,066 |  |  | $ | 120,578 |  |  | $ | 147,891 |
Match funded liabilities | 18,133 |  |  | 15,674 |  |  | 36,307 |  |  | 29,955 |
Other secured borrowings | 12,715 |  |  | 25,710 |  |  | 25,428 |  |  | 48,625 |
6.625% Senior unsecured notes | 6,129 |  |  | 6,651 |  |  | 12,270 |  |  | 12,780 |
Other | 1,253 |  |  | 2,796 |  |  | 2,539 |  |  | 5,042 |
| $ | 91,033 |  |  | $ | 124,897 |  |  | $ | 197,122 |  |  | $ | 244,293 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below.
| Three months |  | Six Months
| 2016 |  | 2015 |  | 2016 |  | 2015
Servicing fees collected on behalf of NRZ/HLSS | $ | 160,518 |  |  | $ | 175,108 |  |  | $ | 322,647 |  |  | $ | 355,405 |
Less: Subservicing fee retained by Ocwen | 85,532 |  |  | 89,991 |  |  | 169,902 |  |  | 181,205 |
Net servicing fees remitted to NRZ/HLSS | 74,986 |  |  | 85,117 |  |  | 152,745 |  |  | 174,200 |
Less: Reduction in financing liability | 27,628 |  |  | 13,276 |  |  | 45,829 |  |  | 30,999 |
Interest expense on NRZ/HLSS financing liability | $ | 47,358 |  |  | $ | 71,841 |  |  | $ | 106,916 |  |  | $ | 143,201 |
The reduction in the financing liability does not include reimbursements to NRZ/HLSS for the loss of servicing revenues when we were terminated as servicer and where the related Rights to MSRs had been sold to HLSS.
(2) | Includes $4.3 million and $10.5 million of fees incurred during the three and six months ended June 30, 2016, respectively, in connection with our agreement to compensate NRZ/HLSS 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.
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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