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Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash $ 80 $ 84
Interest-earning deposits 103 74
Total cash and cash equivalents 183 158
Investment securities available-for-sale 1,614 1,480
Investment securities held-to-maturity 1,014 1,093
Loans held-for-sale ($4,473 and $3,145 measured at fair value, respectively) 4,506 3,177
Loans held-for-investment ($13 and $72 measured at fair value, respectively) 6,776 6,065
Loans with government guarantees 278 365
Less: allowance for loan losses (140) (142)
Total loans held-for-investment and loans with government guarantees, net 6,914 6,288
Mortgage servicing rights 184 335
Net deferred tax asset 266 286
Federal Home Loan Bank stock 260 180
Premises and equipment, net 299 275
Other assets 725 781
Total assets 15,965 14,053
Liabilities and Stockholders’ Equity    
Noninterest bearing deposits 2,012 2,077
Interest bearing deposits 6,683 6,723
Total deposits 8,695 8,800
Short-term Federal Home Loan Bank advances 3,670 1,780
Long-term Federal Home Loan Bank advances 1,200 1,200
Other long-term debt 493 493
Representation and warranty reserve 20 27
Other liabilities ($60 and $60 measured at fair value, respectively) 479 417
Total liabilities 14,557 12,717
Stockholders’ Equity    
Common stock $0.01 par value, 80,000,000 and 70,000,000 shares authorized; 57,161,431 and 56,824,802 shares issued and outstanding, respectively 1 1
Additional paid in capital 1,509 1,503
Accumulated other comprehensive loss (9) (7)
Accumulated deficit (93) (161)
Total stockholders’ equity 1,408 1,336
Total liabilities and stockholders’ equity $ 15,965 $ 14,053