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Loans Held-for-Investment (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Summary of Loans Held-for-Investment and UPB of Loan Sales and Purchases in the Loans Held-for-Investment Portfolio The following table presents our LHFI:
December 31, 2020December 31, 2019
 (Dollars in millions)
Consumer loans
Residential first mortgage$2,266 $3,154 
Home equity856 1,024 
Other1,004 729 
Total consumer loans4,126 4,907 
Commercial loans
Commercial real estate3,061 2,828 
Commercial and industrial1,382 1,634 
Warehouse lending7,658 2,760 
Total commercial loans12,101 7,222 
Total loans held-for-investment$16,227 $12,129 
    
    The following table presents the UPB of our loan sales and purchases in the LHFI portfolio:
For the Year Ended December 31,
202020192018
 (Dollars in millions)
Loans Sold (1)
Performing loans$492 $217 $158 
Total loans sold$492 $217 $158 
Net gain associated with loan sales (2)$3 $2 $2 
Loans Purchased
Residential$— $— $3 
Home equity— 249 — 
Other consumer (3)63 51 34 
Total loans purchased$63 $300 $37 
Premium associated with loans purchased$— $11 $— 
(1)Upon a change in our intent, the loans were transferred to LHFS and subsequently sold.
(2)Recorded in net gain on loan sales on the Consolidated Statement of Operations.
(3)Does not include point of sale flow consumer loans.
Schedule of Changes in ALLL and Method of Evaluation by Class of Loan The following table presents changes in the allowance for loan losses, by class of loan:
Residential
First
Mortgage (1)		Home EquityOther
Consumer		Commercial
Real
Estate		Commercial
and
Industrial		Warehouse
Lending		Total
(Dollars in millions)
Year Ended December 31, 2020
Beginning balance, prior to adoption of ASC 326$22 $14 $6 $38 $22 $5 $107 
Impact of adopting ASC 32625 12 10 (14)(6)(4)23 
Provision (benefit)8 (2)26 60 36 3 131 
Charge-offs (6)(3)(5)— (1)— (15)
Recoveries— 4 2 — — — 6 
Ending allowance balance$49 $25 $39 $84 $51 $4 $252 
Year Ended December 31, 2019
Beginning balance $38 $15 $3 $48 $18 $6 $128 
Provision (benefit)(14)(1)10 (10)34 (1)18 
Charge-offs (3)(2)(7)— (31)— (43)
Recoveries1 2 — — 1 — 4 
Ending allowance balance$22 $14 $6 $38 $22 $5 $107 
Year Ended December 31, 2018
Beginning balance $47 $22 $1 $45 $19 $6 $140 
Provision (benefit) (7)(6)3 3 (1)— (8)
Charge-offs (4)(2)(2)— — — (8)
Recoveries2 1 1 — — — 4 
Ending allowance balance$38 $15 $3 $48 $18 $6 $128 
(1)Includes LGG.
Schedule of Aging Analysis of Past Due and Current Loans
The following table sets forth the LHFI aging analysis of past due and current loans (for further information on our policy for past due and impaired loans, see Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies):
30-59 Days
Past Due		60-89 Days
Past Due		90 Days or
Greater Past
Due (1)		Total
Past Due		CurrentTotal LHFI (3)(4)(5)
 (Dollars in millions)
December 31, 2020
Consumer loans
Residential first mortgage$4 $4 $31 $39 $2,227 $2,266 
Home equity1 1 5 7 849 856 
Other4 1 2 7 997 1,004 
Total consumer loans9 6 38 53 4,073 4,126 
Commercial loans
Commercial real estate20 — 3 23 3,038 3,061 
Commercial and industrial1 — 15 16 1,366 1,382 
Warehouse lending— — — — 7,658 7,658 
Total commercial loans21 — 18 39 12,062 12,101 
Total loans (2)$30 $6 $56 $92 $16,135 $16,227 
December 31, 2019
Consumer loans
Residential first mortgage$5 $4 $21 $30 $3,124 $3,154 
Home equity1 — 4 5 1,019 1,024 
Other3 1 1 5 724 729 
Total consumer loans9 5 26 40 4,867 4,907 
Commercial loans
Commercial real estate— — — — 2,828 2,828 
Commercial and industrial— — — — 1,634 1,634 
Warehouse lending— — — — 2,760 2,760 
Total commercial loans— — — — 7,222 7,222 
Total loans (2)$9 $5 $26 $40 $12,089 $12,129 
(1)Includes less than 90 days past due performing loans which are placed in nonaccrual. Interest is not being accrued on these loans.
(2)Includes $8 million and $4 million of past due loans accounted for under the fair value option at December 31, 2020 and 2019, respectively.
(3)Collateral dependent loans totaled $80 million at December 31, 2020 and $54 million at December 31, 2019, respectively. The majority of these loans are secured by real estate.
(4)The interest income recognized on impaired loans was $2 million and less than $1 million at December 31, 2020 and December 31, 2019, respectively.
(5)The delinquency status for loans in forbearance is frozen for loans at inception of the forbearance period and will resume when the borrower's forbearance period ends.
Summary of TDRs by Type and Performing Status and Newly Modified TDRs The following table provides a summary of TDRs by type and performing status:
 TDRs
 PerformingNonperformingTotal
(Dollars in millions)
December 31, 2020
Consumer loans
Residential first mortgage$19 $8 $27 
Home equity12 2 14 
Total consumer TDR loans31 10 41 
Commercial Loans
Commercial real estate 5 — 5 
Commercial and industrial— — — 
Total commercial TDR loans5 — 5 
Total TDRs (1)(2)$36 $10 $46 
December 31, 2019
Consumer loans
Residential first mortgage$20 $8 $28 
Home equity18 2 20 
Total TDRs (1)(2)$38 $10 $48 
(1)The ALLL on TDR loans totaled $5 million and $8 million at December 31, 2020 and 2019, respectively.
(2)Includes $3 million and $2 million of TDR loans accounted for under the fair value option at December 31, 2020 and 2019, respectively.
The following table provides a summary of newly modified TDRs:
New TDRs
Number of AccountsPre-Modification
Unpaid Principal Balance		Post-Modification
Unpaid Principal Balance (1)		Increase (Decrease) in Allowance at Modification
(Dollars in millions)
Year Ended December 31, 2020
Residential first mortgages9 $2 $2 $— 
Home equity (2)(3)3 — — — 
Other consumer1 — — $— 
Commercial real estate1 5 5 $— 
Total TDR loans14 $7 $7 $— 
Year Ended December 31, 2019
Residential first mortgages8 $1 $1 $— 
Home equity (2)(3)6 — — — 
Total TDR loans14 $1 $1 $— 
Year Ended December 31, 2018
Residential first mortgages14 $3 $3 $— 
Home equity (2)(3)17 1 1 — 
Total TDR loans31 $4 $4 $— 
(1)Post-modification balances include past due amounts that are capitalized at modification date.
(2)Home equity post-modification UPB reflects write downs.
(3)Includes loans carried at fair value option.
Schedule of Loan Credit Quality Indicators The following table presents the amortized cost in residential and consumer loans based on payment activity:
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisTotalDecember 31, 2019
 Term Loans
Amortized Cost Basis by Closing Year
As of December 31, 202020202019201820172016Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
Pass $362 $544 $231 $289 $252 $420 $92 $15 $2,205 $3,107 
Watch — 1 1 1 — 17 1 — 21 23 
Substandard— 3 5 2 — 15 — — 25 15 
Home Equity
Pass7 31 13 6 2 11 720 48 838 1,002 
Watch— — — — — 11 2 — 13 16 
Substandard— — — — — 1 1 1 3 3 
Other Consumer
Pass 292 321 145 3 1 6 227 5 1,000 727 
Watch — — — — — — — 1 1 1 
Substandard1 1 1 — — — — — 3 1 
Total Consumer Loans (1)(2)$662 $901 $396 $301 $255 $481 $1,043 $70 $4,109 $4,895 
(1)Excludes loans carried under the fair value option.
(2)The delinquency status for loans in forbearance are frozen for loans at inception of the forbearance period and will resume when the borrower's forbearance period ends.
    
The following table presents the amortized cost in residential and consumer loans based on credit scores:
Revolving Loans Converted to Term Loans Amortized Cost Basis
FICO BandRevolving Loans Amortized Cost BasisTotal
 Amortized Cost Basis by Closing Year
As of December 31, 202020202019201820172016Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
>750$195 $272 $118 $193 $181 $231 $55 $6 $1,251 
700-750119 180 90 85 64 130 25 7 700 
<70048 96 29 14 7 91 13 2 300 
Home Equity
>7502 9 6 2 1 7 324 13 364 
700-7503 12 4 3 1 8 289 20 340 
<7002 10 3 1 — 8 110 16 150 
Other Consumer
>750209 205 80 2 1 5 213 6 721 
700-75079 107 55 1 — 1 9 — 252 
<7005 10 11 — — — 5 — 31 
Total Consumer Loans (1)$662 $901 $396 $301 $255 $481 $1,043 $70 $4,109 
(1)Excludes loans carried under the fair value option.

Loan-to-value ratios primarily impact the allowance on mortgages within the consumer loan portfolio. The following table presents the amortized cost in residential first mortgages and home equity based on loan-to-value ratios:
Revolving Loans Converted to Term Loans Amortized Cost Basis
LTV BandRevolving Loans Amortized Cost BasisTotal
 Amortized Cost Basis by Closing Year
As of December 31, 202020202019201820172016Prior
Consumer Loans(Dollars in millions)
Residential first mortgage
>90$84 $260 $123 $35 $3 $19 $— $— $524 
71-90169 180 66 99 72 238 — — 824 
55-7083 60 22 82 96 122 — — 465 
<5526 48 26 76 81 73 93 15 438 
Home Equity
>90— — — 1 1 10 — — 12 
71-905 24 10 4 1 9 548 33 634 
<=702 7 3 1 — 4 175 16 208 
Total (1)$369 $579 $250 $298 $254 $475 $816 $64 $3,105 
(1)Excludes loans carried under the fair value option.The combination of the borrower and collateral risk ratings results in the final risk rating for the borrowing relationship.
Based on the most recent credit analysis performed, the amortized cost basis, by risk category for each class of loans within the commercial portfolio, is as follows:
Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisTotalDecember 31, 2019
 Amortized Cost Basis by Closing Year
As of December 31, 202020202019201820172016Prior
Commercial Loans(Dollars in million)
Commercial real estate
Pass$347 $993 $439 $438 $308 $280 $— $— $2,805 $2,794 
Watch21 19 35 51 21 19 — — 166 24 
Special mention5 1 16 — 17 14 — — 53 5 
Substandard— 11 1 25 — — — — 37 5 
Commercial and industrial
Pass319 425 163 149 54 71 19 — 1,200 1,533 
Watch3 48 28 25 — 2 — — 106 72 
Special mention1 — 14 9 — — — — 24 24 
Substandard22 11 15 4 — — — — 52 5 
Warehouse
Pass7,398 — — — — — — — 7,398 2,556 
Watch260 — — — — — — — 260 189 
Special mention— — — — — — — — — 15 
Substandard— — — — — — — — — — 
Total commercial loans$8,376 $1,508 $711 $701 $400 $386 $19 $— $12,101 $7,222