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Interest Expense | 9 Months Ended
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Sep. 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 September 30:
| Three months |  | Nine Months
| 2016 |  | 2015 |  | 2016 |  | 2015
Financing liabilities (1) (2) | $ | 73,096 |  |  | $ | 73,866 |  |  | $ | 193,675 |  |  | $ | 222,067 |
Match funded liabilities | 17,349 |  |  | 15,425 |  |  | 53,656 |  |  | 45,379 |
Other secured borrowings | 13,450 |  |  | 19,822 |  |  | 38,877 |  |  | 68,447 |
6.625% Senior unsecured notes | 6,130 |  |  | 6,741 |  |  | 18,399 |  |  | 19,521 |
Other | 936 |  |  | 2,459 |  |  | 3,476 |  |  | 7,192 |
| $ | 110,961 |  |  | $ | 118,313 |  |  | $ | 308,083 |  |  | $ | 362,606 |
(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
| 2016 |  | 2015 |  | 2016 |  | 2015
Servicing fees collected on behalf of NRZ/HLSS | $ | 159,919 |  |  | $ | 175,994 |  |  | $ | 482,566 |  |  | $ | 531,399 |
Less: Subservicing fee retained by Ocwen | 87,506 |  |  | 91,597 |  |  | 257,408 |  |  | 272,802 |
Net servicing fees remitted to NRZ/HLSS | 72,413 |  |  | 84,397 |  |  | 225,158 |  |  | 258,597 |
Less: Reduction (increase) in financing liability | (213 | ) |  | 21,160 |  |  | 45,617 |  |  | 52,159 |
Interest expense on NRZ/HLSS financing liability | $ | 72,626 |  |  | $ | 63,237 |  |  | $ | 179,541 |  |  | $ | 206,438 |
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 $10.5 million of fees incurred during the nine months ended September 30, 2016 in connection with our agreement to compensate NRZ/HLSS through June 2016 for certain increased costs associated with its servicing advance financing facilities that were the direct result of a previous downgrade of our S&P servicer rating. For the three and nine months ended September 30, 2015, we incurred $8.2 million and $8.5 million, respectively, of such fees.
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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- Definition The disclosure of the cost of all borrowed funds accounted for as interest expense that was charged against earnings during the period, by category of interest-bearing liabilities. + References No definition available. + Details
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