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Loans Held-for-Investment (Tables)
 9 Months Ended
Sep. 30, 2022
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:
September 30, 2022December 31, 2021
 (Dollars in millions)
Consumer loans
Residential first mortgage$3,147 $1,536 
Home equity769 613 
Other1,411 1,236 
Total consumer loans5,327 3,385 
Commercial loans
Commercial real estate3,721 3,223 
Commercial and industrial3,188 1,826 
Warehouse lending3,557 4,974 
Total commercial loans10,466 10,023 
Total loans held-for-investment$15,793 $13,408 
    
The following table presents the UPB of our loan sales and purchases in the LHFI portfolio:
Nine Months Ended September 30,
20222021
 (Dollars in millions)
Loans Sold (1)
Performing loans$— $92 
Total loans sold$— $92 
(1)Upon a change in our intent, the loans were transferred to LHFS and subsequently sold.
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)
Three Months Ended September 30, 2022
Beginning balance$33 $21 $31 $22 $11 $4 $122 
(Benefit) provision(1)2 (1)4 3 (3)4 
Charge-offs(1)— (2)— — — (3)
Recoveries— — 1 — 2 — 3 
Ending allowance balance$31 $23 $29 $26 $16 $1 $126 
Three Months Ended September 30, 2021
Beginning balance$48 $17 $38 $58 $38 $3 $202 
(Benefit) Provision(5)(3)(5)(23)11 — (25)
Charge-offs(1)— (1)— (6)— (8)
Recoveries1 1 — — — — 2 
Ending allowance balance$43 $15 $32 $35 $43 $3 $171 
Nine Months Ended September 30, 2022
Beginning balance$40 $14 $36 $28 $32 $4 $154 
(Benefit) provision(7)8 (4)(2)2 (3)(6)
Charge-offs(2)— (7)— (20)— (29)
Recoveries— 1 4 — 2 — 7 
  Ending allowance balance$31 $23 $29 $26 $16 $1 $126 
Nine Months Ended September 30, 2021
Beginning balance$49 $25 $39 $84 $51 $4 $252 
(Benefit) Provision(4)(10)(6)(49)(17)(1)(87)
Charge-offs(4)(1)(3)— (7)— (15)
Recoveries2 1 2 — 16 — 21 
  Ending allowance balance$43 $15 $32 $35 $43 $3 $171 
(1)Includes LGG.
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)
September 30, 2022
Consumer loans
Residential first mortgage$10 $3 $82 $95 $3,052 $3,147 
Home equity3 1 8 12 757 769 
Other3 3 4 10 1,401 1,411 
Total consumer loans16 7 94 117 5,210 5,327 
Commercial loans
Commercial real estate— — — — 3,721 3,721 
Commercial and industrial— 5 — 5 3,183 3,188 
Warehouse lending2 4 2 8 3,549 3,557 
Total commercial loans2 9 2 13 10,453 10,466 
Total loans (2)$18 $16 $96 $130 $15,663 $15,793 
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 
(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 $9 million of past due loans accounted for under the fair value option as of September 30, 2022 and December 31, 2021.
(3)Collateral dependent loans totaled $108 million at both September 30, 2022 and December 31, 2021. The majority of these loans are secured by real estate.
(4)The interest income recognized on impaired loans was less than $1 million for the three months ended September 30, 2022 and December 31, 2021.
(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)
September 30, 2022
Consumer loans
Residential first mortgage$19 $28 $47 
Home equity6 2 8 
Total TDRs (1)(2)$25 $30 $55 
December 31, 2021
Consumer loans
Residential first mortgage$14 $11 $25 
Home equity8 2 10 
Total consumer TDR loans (1)(2)22 13 35 
Commercial loans
Commercial and industrial2 — 2 
Total commercial TDR loans2 — 2 
Total TDRs (1)(2)$24 $13 $37 
(1)The ALLL on TDR loans totaled $3 million and $4 million at September 30, 2022 and December 31, 2021, respectively.
(2)Includes $3 million and $5 million of TDR loans accounted for under the fair value option at September 30, 2022 and December 31, 2021, respectively.
The following table provides a summary of newly modified TDRs:
 New TDRs
 Number of AccountsPre-Modification Unpaid Principal BalancePost-Modification Unpaid Principal Balance (1)
(Dollars in millions)
Three Months Ended September 30, 2022
Residential first mortgages60 $13 $14 
Home equity (2)(3)2 — — 
Consumer— — — 
Total TDR loans62 $13 $14 
Three Months Ended September 30, 2021
Residential first mortgages21 $8 $8 
Home equity (2)(3)1 — — 
Total TDR loans22 $8 $8 
Nine Months Ended September 30, 2022
Residential first mortgages101 $24 $25 
Home equity (2)(3)3 — — 
Consumer2 — — 
  Total TDR loans106 $24 $25 
Nine Months Ended September 30, 2021
Residential first mortgages32 $14 $14 
Home equity (2)(3)2 — — 
Commercial Real Estate1 2 2 
  Total TDR loans35 $16 $16 
(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 the fair value option.
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 BasisTotal
 Term Loans
Amortized Cost Basis by Closing Year
As of September 30, 202220222021202020192018Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
Pass $1,879 $309 $167 $181 $62 $353 $88 $5 $3,044 
Watch 1 1 1 — — 2 — — 5 
Substandard— 1 4 22 12 33 — 3 75 
Home Equity
Pass6 3 3 11 3 12 687 35 760 
Watch— — — — — — — 1 1 
Substandard— — — — — 2 2 3 7 
Other Consumer
Pass 18 21 18 27 9 1,012 21 279 1,405 
Watch — — — — — 3 — — 3 
Substandard— — — — — 3 1 — 4 
Total Consumer Loans (1)(2)$1,904 $335 $193 $241 $86 $1,420 $799 $326 $5,304 
(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.
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost BasisTotal
 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 
Watch — 1 12 3 4 11 — 3 34 
Substandard1 3 7 8 2 21 — 1 43 
Home Equity
Pass4 4 15 6 3 15 508 49 604 
Watch— — — — — — — 1 1 
Substandard— — — — — 1 2 3 6 
Other Consumer
Pass 380 227 226 101 1 5 284 5 1,229 
Watch — — 1 1 — — — — 2 
Substandard1 1 2 1 — — — — 5 
Total Consumer Loans (1)(2)$704 $433 $496 $209 $118 $460 $876 $72 $3,368 
(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 September 30, 202220222021202020192018Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
>750$1,025 $168 $76 $86 $27 $204 $50 $2 $1,638 
700-750827 81 52 51 26 124 28 4 1,193 
<70028 62 44 66 21 60 10 2 293 
Home Equity
>7502 1 1 3 1 3 334 8 353 
700-7503 2 1 5 1 7 295 19 333 
<7001 — 1 3 1 4 60 12 82 
Other Consumer
>75018 21 18 27 9 1,016 8 172 1,289 
700-750— — — — — 1 9 87 97 
<700— — — — — 1 5 20 26 
Total Consumer Loans (1)$1,904 $335 $193 $241 $86 $1,420 $799 $326 $5,304 
(1)Excludes loans carried under the fair value option.

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 tables present the amortized cost in residential first mortgages and home equity loans 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 September 30, 202220222021202020192018Prior
Consumer Loans(Dollars in millions)
Residential First Mortgage
>90$58 $82 $67 $115 $42 $27 $— $— $391 
71-90988 92 62 46 19 170 — — 1,377 
55-70726 71 21 21 6 110 6 — 961 
<55108 66 22 21 7 81 82 8 395 
Home Equity
>90— — — — — 4 1 — 5 
71-903 2 2 8 2 6 402 27 452 
<=703 1 1 3 1 4 286 12 311 
Total (1)$1,886 $314 $175 $214 $77 $402 $777 $47 $3,892 
(1)Excludes loans carried under the fair value option.

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:
Revolving Loans Converted to Term Loans Amortized Cost Basis
Term LoansRevolving Loans Amortized Cost BasisTotal
 Amortized Cost Basis by Closing Year
As of September 30, 202220222021202020192018Prior
Commercial Loans(Dollars in million)
Commercial real estate
Pass$431 $571 $194 $406 $250 $630 $880 $256 $3,618 
Watch— — 6 2 10 52 32 — 102 
Special mention— — — — — — — — — 
Substandard— — — 1 — — — — 1 
Commercial and industrial
Pass246 212 64 151 24 50 2,303 — 3,050 
Watch— 54 9 — 4 1 17 — 85 
Special mention— — — — — — 7 — 7 
Substandard— — 21 — 17 2 6 — 46 
Warehouse
Pass3,484 — — — — — — — 3,484 
Watch45 — — — — — — — 45 
Special mention20 — — — — — — — 20 
Substandard8 — — — — — — — 8 
Total commercial loans$4,234 $837 $294 $560 $305 $735 $3,245 $256 $10,466 

Revolving Loans Converted to Term Loans Amortized Cost Basis
Term LoansRevolving Loans Amortized Cost BasisTotal
 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 
Watch2 5 1 13 64 35 8 — 128 
Special mention— — 2 — — — — — 2 
Substandard— — — — 22 — — — 22 
Commercial and industrial
Pass257 81 156 30 95 7 1,059 — 1,685 
Watch4 4 10 9 — — 44 — 71 
Special mention— — — — — — — — — 
Substandard— — 17 18 2 — 33 — 70 
Warehouse
Pass4,834 — — — — — — — 4,834 
Watch140 — — — — — — — 140 
Special mention— — — — — — — — — 
Substandard— — — — — — — — — 
Total commercial loans$5,755 $347 $744 $383 $421 $444 $1,929 $— $10,023