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Loans Held-for-Investment (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021December 31, 2020
 (Dollars in millions)
Consumer loans
Residential first mortgage$1,536 $2,266 
Home equity613 856 
Other1,236 1,004 
Total consumer loans3,385 4,126 
Commercial loans
Commercial real estate3,223 3,061 
Commercial and industrial1,826 1,382 
Warehouse lending4,974 7,658 
Total commercial loans10,023 12,101 
Total loans held-for-investment$13,408 $16,227 
    
    The following table presents the UPB of our loan sales and purchases in the LHFI portfolio:
For the Year-Ended December 31,
202120202019
 (Dollars in millions)
Loans Sold (1)
Performing loans$92 $492 $217 
Total loans sold$92 $492 $217 
Net gain associated with loan sales (2)$— $3 $2 
Loans Purchased
Home equity— — 249 
Other consumer (3)— 63 51 
Total loans purchased$— $63 $300 
Premium associated with loans purchased$— $— $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 ALLL, 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, 2021
Beginning balance$49 $25 $39 $84 $51 $4 $252 
Provision (benefit)(6)(12)(1)(56)(26)— $(101)
Charge-offs (5)(1)(4)— (9)— (19)
Recoveries2 2 2 — 16 — 22 
Ending allowance balance$40 $14 $36 $28 $32 $4 $154 
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 
(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:
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, 2021
Consumer loans
Residential first mortgage$14 $34 $49 $97 $1,439 $1,536 
Home equity8 1 9 18 595 613 
Other4 1 4 9 1,227 1,236 
Total consumer loans26 36 62 124 3,261 3,385 
Commercial loans
Commercial real estate— — — — 3,223 3,223 
Commercial and industrial— — 32 32 1,794 1,826 
Warehouse lending— — — — 4,974 4,974 
Total commercial loans— — 32 32 9,991 10,023 
Total loans (2)$26 $36 $94 $156 $13,252 $13,408 
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 
(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 $9 million and $8 million of past due loans accounted for under the fair value option at December 31, 2021 and 2020, respectively.
(3)Collateral dependent loans totaled $108 million and $80 million at December 31, 2021 and 2020, respectively. The majority of these loans are secured by real estate.
(4)The interest income recognized on impaired loans was less than $1 million at December 31, 2021 and $2 million at December 31, 2020.
(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, 2021
Consumer loans
Residential first mortgage$14 $11 $25 
Home equity8 2 10 
Total consumer TDRs loans (1)(2)$22 $13 $35 
Commercial Loans
Commercial and industrial2 — 2 
Total commercial TDR loans2 — 2 
Total TDRs (1)(2)$24 $13 $37 
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 estate5 — 5 
Total commercial TDR loans5 — 5 
Total TDRs (1)(2)$36 $10 $46 
(1)The ALLL on TDR loans totaled $4 million and $5 million at December 31, 2021 and 2020, respectively.
(2)Includes $5 million and $3 million of TDR loans accounted for under the fair value option at December 31, 2021 and 2020, 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)
(Dollars in millions)
Year-Ended December 31, 2021
Residential first mortgages9 $4 $3 
Home equity (2)(3)3 — — 
Total TDR loans12 $4 $3 
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 
(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, 2020
 Term Loans
Amortized Cost Basis by Closing Year
As of December 31, 202120212020201920182017Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
Pass $318 $197 $233 $89 $108 $407 $82 $10 $1,444 $2,205 
Watch — 1 12 3 4 11 — 3 34 21 
Substandard1 3 7 8 2 21 — 1 43 25 
Home Equity
Pass4 4 15 6 3 15 508 49 604 838 
Watch— — — — — — — 1 1 13 
Substandard— — — — — 1 2 3 6 3 
Other Consumer
Pass 380 227 226 101 1 5 284 5 1,229 1,000 
Watch — — 1 1 — — — — 2 1 
Substandard1 1 2 1 — — — — 5 3 
Total Consumer Loans (1)(2)$704 $433 $496 $209 $118 $460 $876 $72 $3,368 $4,109 
(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, 202120212020201920182017Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
>750$139 $94 $107 $40 $70 $212 $49 $5 $716 
700-750117 58 69 36 36 161 22 6 505 
<70063 49 76 24 8 66 11 3 300 
Home Equity
>7502 2 4 2 1 4 238 13 266 
700-7502 1 6 2 1 6 210 22 250 
<700— 1 5 2 1 6 62 18 95 
Other Consumer
>750251 162 142 56 1 4 273 3 892 
700-750128 62 79 39 — 1 7 — 316 
<7002 4 8 8 — — 4 2 28 
Total Consumer Loans (1)$704 $433 $496 $209 $118 $460 $876 $72 $3,368 
(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, 202120212020201920182017Prior
Consumer Loans(Dollars in millions)
Residential first mortgage
>90$88 $74 $142 $53 $16 $16 $— $— $389 
71-90109 78 58 29 31 185 — — 490 
55-7069 26 27 9 36 163 2 — 332 
<5553 23 25 9 31 75 80 14 310 
Home Equity
>90— — — — 1 7 — — 8 
71-903 3 11 4 1 6 369 35 432 
<=701 1 4 2 1 3 141 18 171 
Total (1)$323 $205 $267 $106 $117 $455 $592 $67 $2,132 
(1)Excludes loans carried under the fair value option.
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, 2020
 Amortized Cost Basis by Closing Year
As of December 31, 202120212020201920182017Prior
Commercial Loans(Dollars in million)
Commercial real estate
Pass$518 $257 $558 $313 $238 $402 $785 $— $3,071 $2,805 
Watch2 5 1 13 64 35 8 — 128 166 
Special mention— — 2 — — — — — 2 53 
Substandard— — — — 22 — — — 22 37 
Commercial and industrial
Pass257 81 156 30 95 7 1,059 — 1,685 1,200 
Watch4 4 10 9 — — 44 — 71 106 
Special mention— — — — — — — — — 24 
Substandard— — 17 18 2 — 33 — 70 52 
Warehouse
Pass4,834 — — — — — — — 4,834 7,398 
Watch140 — — — — — — — 140 260 
Special mention— — — — — — — — — — 
Substandard— — — — — — — — — — 
Total commercial loans$5,755 $347 $744 $383 $421 $444 $1,929 $— $10,023 $12,101