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Interest Expense | 12 Months Ended
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Dec. 31, 2016
Other Income and Expenses [Abstract] |
Interest Expense | Note 18 — Interest Expense The following table presents the components of interest expense for the years ended December 31:
| 2016 |  | 2015 |  | 2014
Financing liabilities (1) (2) | $ | 248,834 |  |  | $ | 292,306 |  |  | $ | 371,852 |
Match funded liabilities | 66,879 |  |  | 65,248 |  |  | 61,576 |
Other secured borrowings | 60,469 |  |  | 91,391 |  |  | 82,837 |
Senior notes | 30,012 |  |  | 26,259 |  |  | 15,595 |
Other | 6,389 |  |  | 7,169 |  |  | 9,897 |
| $ | 412,583 |  |  | $ | 482,373 |  |  | $ | 541,757 |
(1) | Includes interest expense related to financing liabilities recorded in connection with the NRZ/HLSS Transactions as indicated in the table below:
| 2016 |  | 2015 |  | 2014
Servicing fees collected on behalf of NRZ/HLSS | $ | 633,545 |  |  | $ | 694,833 |  |  | $ | 736,122 |
Less: Subservicing fee retained by Ocwen | 337,727 |  |  | 355,527 |  |  | 358,053 |
Net servicing fees remitted to NRZ/HLSS | 295,818 |  |  | 339,306 |  |  | 378,069 |
Less: Reduction in financing liability | 61,418 |  |  | 70,513 |  |  | 17,374 |
Interest expense on NRZ/HLSS financing liability | $ | 234,400 |  |  | $ | 268,793 |  |  | $ | 360,695 |
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 NRZ/HLSS.
(2) | Includes $10.5 million and $14.3 million of fees incurred in 2016 and 2015, respectively, 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.
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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