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Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Cash and cash equivalents    
Cash $ 52 $ 47
Interest-earning deposits 194 89
Total cash and cash equivalents 246 136
Investment securities 2,272 1,672
Loans held-for-sale ($2,005 and $1,196 measured at fair value, respectively) 2,038 1,244
Loans with government guarantees 592 1,128
Loans held-for-investment, net    
Loans held-for-investment ($182 and $211 measured at fair value, respectively) 5,335 4,448
Less: allowance for loan losses (222) (297)
Total loans held-for-investment, net 5,113 4,151
Mortgage servicing rights 317 258
Federal Home Loan Bank stock 113 155
Premises and equipment, net 240 238
Net deferred tax asset 400 442
Other assets 808 416
Total assets 12,139 9,840
Deposits    
Noninterest bearing 1,417 1,209
Interest bearing 6,231 5,860
Total deposits 7,648 7,069
Federal Home Loan Bank advances (includes both short-term and long-term) 2,198 514
Long-term debt ($36 and $84 measured at fair value, respectively) 283 331
Representation and warranty reserve 48 53
Other liabilities ($84 and $82 measured at fair value, respectively) 511 500
Total liabilities 10,688 8,467
Stockholders’ Equity    
Preferred stock $0.01 par value, liquidation value $1,000 per share, 25,000,000 shares authorized; 266,657 issued and outstanding, respectively 267 267
Common stock $0.01 par value, 70,000,000 shares authorized; 56,436,026 and 56,332,307 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,482 1,482
Accumulated other comprehensive income 8 8
Accumulated deficit (307) (385)
Total stockholders’ equity 1,451 1,373
Total liabilities and stockholders’ equity $ 12,139 $ 9,840