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Interest Expense - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Debt securities: |  |  |  |  |
Interest expense |  | $ 91,033 | $ 124,897 | $ 197,122 | $ 244,293
Financing Liabilities [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense | [1],[2] | 52,803 | 74,066 | 120,578 | 147,891
Match Funded Liabilties [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 18,133 | 15,674 | 36,307 | 29,955
Other Secured Borrowings [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 12,715 | 25,710 | 25,428 | 48,625
6.625% Senior Unsecured Notes [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | 6,129 | 6,651 | 12,270 | 12,780
Other [Member] |  |  |  |  |
Debt securities: |  |  |  |  |
Interest expense |  | $ 1,253 | $ 2,796 | $ 2,539 | $ 5,042
[1] | 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.
[2] | Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below. Three months Six Months2016 2015 2016 2015Servicing fees collected on behalf of NRZ/HLSS$160,518 $175,108 $322,647 $355,405Less: Subservicing fee retained by Ocwen85,532 89,991 169,902 181,205Net servicing fees remitted to NRZ/HLSS74,986 85,117 152,745 174,200Less: Reduction in financing liability27,628 13,276 45,829 30,999Interest expense on NRZ/HLSS financing liability$47,358$71,841 $106,916 $143,201

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- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28555-108399 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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