XML 41 R64.htm IDEA: XBRL DOCUMENT v2.4.0.8
Expected Losses to be Paid (Details 8) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
risk
Sep. 30, 2012
Sep. 30, 2013
risk
Sep. 30, 2012
Dec. 31, 2012
risk
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 50 [1]   50 [1]   53 [1]
Outstanding Principal and Interest on Representations and Warranties Policies $ 5,931   $ 5,931   $ 7,198
Inclusion of new deals with breaches of R&W during period 0 0 6 (5)  
Change in recovery assumptions as the result of additional file review and recovery success 69 0 86 70  
Estimated increase (decrease) in defaults that will result in additional breaches 13 10 10 (14)  
Results of settlements 0 0 180 48  
Accretion of discount on balance 4 2 12 10  
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount 86 12 294 109  
Minimum
         
Guarantor Obligations [Line Items]          
Estimated Period of Recoveries on Transactions Backed by Heloc and Closed End Second Lien Loans Not Subject to settlement Agreements 2 years        
Maximum
         
Guarantor Obligations [Line Items]          
Estimated Period of Recoveries on Transactions Backed by Heloc and Closed End Second Lien Loans Not Subject to settlement Agreements 4 years        
Prime first lien
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 1 [1]   1 [1]   1 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 38   38   44
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount (1) 0 (1) 1  
Alt-A first lien
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 25 [1]   25 [1]   26 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 3,607   3,607   4,173
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount 37 0 24 44  
Option ARM
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 9 [1]   9 [1]   10 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 695   695   1,183
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount 40 (7) 206 55  
First mortgage, subprime
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 5 [1]   5 [1]   5 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 991   991   989
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount 7 11 6 3  
Closed end second lien and HELOCs
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 4 [1]   4 [1]   4 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 164   164   260
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount 1 2 (11) 0  
HELOCs
         
Guarantor Obligations [Line Items]          
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 6 [1]   6 [1]   7 [1]
Outstanding Principal and Interest on Representations and Warranties Policies 436   436   549
Expected Future Recoveries for Breached Representations and Warranties Development and Accretion of Discount $ 2 $ 6 $ 70 $ 6  
[1] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making Debt Service payments. This table shows the full future Debt Service (not just the amount of Debt Service expected to be reimbursed) for risks with projected future R&W benefit, whether pursuant to an agreement or not.