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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income (loss) $ 78 $ (52)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
(Benefit) provision for loan losses (17)  
Representation and warranty (benefit) provision (7) 4
Depreciation and amortization 11  
Deferred income taxes 43  
Changes in fair value of MSRs, DOJ litigation settlement liability and long-term debt 26  
Premium, change in fair value, and other non-cash changes (520)  
Net gain on loan and asset sales (172)  
Proceeds from sales of loans held-for-sale (HFS) 9,764  
Origination and repurchase of loans, net of principal repayments (14,297)  
Increase in accrued interest receivable (4)  
Decrease (increase) in other assets, excludes purchase of other investments 43  
Net charge-offs in representation and warranty reserve (2)  
Increase in other liabilities 8  
Net cash used in operating activities (5,046)  
Investing Activities    
Proceeds from sale of available-for-sale securities including loans that have been securitized 4,558  
Collection of principal on investment securities available-for-sale 124  
Purchase of investment securities available-for-sale and other (724)  
Proceeds received from the sale of held-for-investment loans (HFI) 710  
Origination and purchase of loans HFI, net of principal repayments (1,717)  
Purchase of bank owned life insurance (150)  
Proceeds from the disposition of repossessed assets 13  
Redemption of Federal Home Loan Bank stock 42  
Acquisitions of premises and equipment, net of proceeds (19)  
Proceeds from the sale of mortgage servicing rights 100  
Net cash provided by investing activities 2,937  
Financing Activities    
Net increase in deposit accounts 580  
Proceeds from increases in Federal Home Loan Bank advances 14,480  
Repayment of Federal Home Loan Bank advances (12,796)  
Repayment of trust preferred securities and long-term debt (50)  
Net (reduction) receipt of payments of loans serviced for others (3)  
Net receipt of escrow payments 8  
Net cash provided by financing activities 2,219  
Net increase (decrease) in cash and cash equivalents 110  
Beginning cash and cash equivalents 136  
Ending cash and cash equivalents 246  
Supplemental disclosure of cash flow information    
Interest paid on deposits and other borrowings 26  
Income tax payments 3  
Non-cash reclassification of loans HFI to loans HFS 775  
Non-cash reclassification of loans HFS to HFI 27  
Non-cash reclassification of loans HFS to AFS securities 4,566  
Mortgage servicing rights resulting from sale or securitization of loans 146  
Non-cash reclassification of loans with government guarantee to other assets $ 373  
As Restated    
Operating Activities    
Net income (loss)   (52)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
(Benefit) provision for loan losses   119
Representation and warranty (benefit) provision   4
Depreciation and amortization   11
Deferred income taxes   (21)
Changes in fair value of MSRs, DOJ litigation settlement liability and long-term debt   12
Premium, change in fair value, and other non-cash changes   (378)
Net gain on loan and asset sales   (107)
Proceeds from sales of loans held-for-sale (HFS)   7,323
Origination and repurchase of loans, net of principal repayments   (10,565)
Increase in accrued interest receivable   (10)
Decrease (increase) in other assets, excludes purchase of other investments   (17)
Net charge-offs in representation and warranty reserve   (11)
Increase in other liabilities   10
Net cash used in operating activities   (3,682)
Investing Activities    
Proceeds from sale of available-for-sale securities including loans that have been securitized   4,168
Collection of principal on investment securities available-for-sale   69
Purchase of investment securities available-for-sale and other   (669)
Proceeds received from the sale of held-for-investment loans (HFI)   35
Origination and purchase of loans HFI, net of principal repayments   (679)
Purchase of bank owned life insurance   0
Proceeds from the disposition of repossessed assets   21
Redemption of Federal Home Loan Bank stock   0
Acquisitions of premises and equipment, net of proceeds   (16)
Proceeds from the sale of mortgage servicing rights   104
Net cash provided by investing activities   3,033
Financing Activities    
Net increase in deposit accounts   504
Proceeds from increases in Federal Home Loan Bank advances   10,110
Repayment of Federal Home Loan Bank advances   (10,066)
Repayment of trust preferred securities and long-term debt   (11)
Net (reduction) receipt of payments of loans serviced for others   31
Net receipt of escrow payments   3
Net cash provided by financing activities   571
Net increase (decrease) in cash and cash equivalents   (78)
Beginning cash and cash equivalents   281
Ending cash and cash equivalents   203
Supplemental disclosure of cash flow information    
Interest paid on deposits and other borrowings   14
Income tax payments   0
Non-cash reclassification of loans HFI to loans HFS   314
Non-cash reclassification of loans HFS to HFI   7
Non-cash reclassification of loans HFS to AFS securities   4,120
Mortgage servicing rights resulting from sale or securitization of loans   120
Non-cash reclassification of loans with government guarantee to other assets   $ 0