XML 43 R75.htm IDEA: XBRL DOCUMENT v2.4.1.9
Receivables Held for Sale - Summary of Activity in Receivables Held for Sale (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Receivables Held for Sale, Activity [Roll Forward]        
Receivables held for sale at beginning of period $ 6,203us-gaap_LoansReceivableHeldForSaleNet $ 2,047us-gaap_LoansReceivableHeldForSaleNet [1] $ 6,203us-gaap_LoansReceivableHeldForSaleNet $ 0us-gaap_LoansReceivableHeldForSaleNet
Lower of amortized cost or fair value adjustment on receivables held for sale   314hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent 748hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent 18hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
Carrying value of real estate secured receivables held for sale settled through short sale or transfer to REO   (243)hsbcfc_SettlementReceivable (711)hsbcfc_SettlementReceivable (264)hsbcfc_SettlementReceivable
Change in real estate secured receivable balance, including collections   30hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale (249)hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale (307)hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
Transfer of real estate secured receivables into held for investment at the lower of amortized cost or fair value   (45)us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1    
Transfer of real estate secured receivables into held for sale at the lower of amortized cost or fair value   909us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 [2] 2,130us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 [2] 6,756us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Receivables held for sale at end of period   860us-gaap_LoansReceivableHeldForSaleNet [1] 2,047us-gaap_LoansReceivableHeldForSaleNet [1] 6,203us-gaap_LoansReceivableHeldForSaleNet
First Mortgage [Member]        
Receivables Held for Sale, Activity [Roll Forward]        
Receivable sales   (2,152)hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= us-gaap_FirstMortgageMember
(3,127)hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= us-gaap_FirstMortgageMember
 
Mortgage Loans on Real Estate [Member]        
Receivables Held for Sale, Activity [Roll Forward]        
Receivables held for sale at beginning of period 3,022us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
2,047us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
[1] 3,022us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
0us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Lower of amortized cost or fair value adjustment on receivables held for sale   314hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
830hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
(3)hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Carrying value of real estate secured receivables held for sale settled through short sale or transfer to REO   (243)hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
(711)hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
(264)hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Change in real estate secured receivable balance, including collections   30hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
(97)hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
2hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Transfer of real estate secured receivables into held for investment at the lower of amortized cost or fair value   (45)us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
   
Transfer of real estate secured receivables into held for sale at the lower of amortized cost or fair value   909us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
[2] 2,130us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
[2] 3,287us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Receivables held for sale at end of period   860us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
[1] 2,047us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
[1] 3,022us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
Mortgage Loans on Real Estate [Member] | First Mortgage [Member]        
Receivables Held for Sale, Activity [Roll Forward]        
Receivable sales   (2,152)hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= us-gaap_FirstMortgageMember
(3,127)hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= us-gaap_MortgageLoansOnRealEstateMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= us-gaap_FirstMortgageMember
 
Personal non-credit card [Member]        
Receivables Held for Sale, Activity [Roll Forward]        
Receivables held for sale at beginning of period 3,181us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
0us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[1] 3,181us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
0us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
Receivable sales   0hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
(2,947)hsbcfc_LoanreceivablesHeldforSaleSales
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
 
Lower of amortized cost or fair value adjustment on receivables held for sale (82)hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
0hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
(82)hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
21hsbcfc_LowerOfCostOrFairValueAdjustmentOnLoansHeldForSaleIncludingCreditComponent
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
Carrying value of real estate secured receivables held for sale settled through short sale or transfer to REO   0hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
0hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
0hsbcfc_SettlementReceivable
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
Change in real estate secured receivable balance, including collections   0hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
(152)hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
(309)hsbcfc_ChangeInReceivableBalanceForReceivablesHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
Transfer of real estate secured receivables into held for investment at the lower of amortized cost or fair value   0us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
   
Transfer of real estate secured receivables into held for sale at the lower of amortized cost or fair value   0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[2] 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[2] 3,469us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
Receivables held for sale at end of period   $ 0us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[1] $ 0us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[1] $ 3,181us-gaap_LoansReceivableHeldForSaleNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= hsbcfc_ConsumerLoanExcludingCreditCardMember
[1] The following table provides a rollforward of our valuation allowance for 2014, 2013 and 2012. At December 31, 2014, the valuation allowance is zero as the fair value of the pool of receivables held for sale at December 31, 2014 exceeds the carrying value as these receivables are carried at the lower of amortized cost or fair value. See Note 20, "Fair Value Measurements," for a discussion of the factors impacting the fair value of these receivables.
[2] The initial lower of amortized cost or fair value adjustment on receivables transferred into held for sale during 2014, 2013 and 2012 totaled $113 million, $212 million and $1,659 million, respectively.