Loan Sales And Securitizations (Tables)

9 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Loan Sales And Securitizations [Abstract]

Schedule Of Sensitivity Of Fair Value Of Retained Or Purchased MSR Immediate 10 Percent And 20 Percent Adverse Changes In Assumptions


	September 30, 2011						September 30, 2010
(Dollars in thousands except for annual cost to service)	First Liens		Second Liens		HELOC		First Liens		Second Liens		HELOC
Fair value of retained interests		$147,431		$241		$3,131		$188,397		$250		$3,296
Weighted average life (in years)		3.7		2.9		2.7		3.7		2.5		2.4
Annual prepayment rate		23.0%		26.0%		28.8%		23.2%		30.0%		32.1%
Impact on fair value of 10% adverse change		$(8,262)		$(16)		$(216)		$(11,238)		$(22)		$(262)
Impact on fair value of 20% adverse change		(15,744)		(30)		(415)		(21,442)		(43)		(500)

Annual discount rate on servicing cash flows		11.7%		14.0%		18.0%		11.6%		14.0%		18.0%
Impact on fair value of 10% adverse change		$(3,898)		$(7)		$(96)		$(4,924)		$(7)		$(96)
Impact on fair value of 20% adverse change		(7,573)		(13)		(186)		(9,563)		(13)		(185)

Annual cost to service (per loan)		$122		$50		$50		$117		$50		$50
Impact on fair value of 10% adverse change		(3,401)		(5)		(50)		(4,773)		(5)		(53)
Impact on fair value of 20% adverse change		(6,782)		(11)		(100)		(9,521)		(11)		(106)

Annual earnings on escrow		1.4%		-		-		1.6%		-		-
Impact on fair value of 10% adverse change		$(1,195)		-		-		$(1,706)		-		-
Impact on fair value of 20% adverse change		(2,390)		-		-		(3,412)		-		-

Schedule Of Sensitivity Of Fair Value Of Other Retained Interests To Immediate 10 Percent And 20 Percent Adverse Changes Assumptions


(Dollars in thousands except for annual cost to service)	Excess Interest IO		Certificated PO
September 30, 2011
Fair value of retained interests		$18,963		$8,585
Weighted average life (in years)		3.7		3.9
Annual prepayment rate		21.0%		30.3%
Impact on fair value of 10% adverse change		$ (917)		$ (266)
Impact on fair value of 20% adverse change		(1,763)		(534)

Annual discount rate on residual cash flows		13.2%		22.2%
Impact on fair value of 10% adverse change		$ (697)		$ (394)
Impact on fair value of 20% adverse change		(1,340)		(815)

September 30, 2010
Fair value of retained interests		$25,902		$10,721
Weighted average life (in years)		3.6		4.7

Annual prepayment rate		21.4%		27.1%
Impact on fair value of 10% adverse change		$(1,349)		$(342)
Impact on fair value of 20% adverse change		(2,595)		(665)

Annual discount rate on residual cash flows		13.2%		18.4%
Impact on fair value of 10% adverse change		$(979)		$(423)
Impact on fair value of 20% adverse change		(1,881)		(844)

Schedule Of Cash Flows Related To Loan Sales And Securitizations

Three Months Ended
September 30

Nine Months Ended
September 30

(Dollars in thousands)

2011

2010

2011

2010

Proceeds from initial sales and securitizations ^(a)

$143,620

$195,612

$339,736

$556,510

Servicing fees retained ^(b)

17,304

22,253

58,639

78,143

Purchases of GNMA guaranteed mortgages

7,162

16,810

45,073

53,416

Purchases of previously transferred financial assets^{(c) (d)}

60,760

54,679

202,396

242,083

Other cash flows received on retained interests

2,117

2,590

6,205

7,573

Certain previously reported amounts have been reclassified to agree with current presentation.

(a)	Includes $89.2 million of proceeds related to bulk sales of nonperforming permanent mortgages.

(b)	Includes servicing fees on MSR associated with loan sales and purchased MSR.

(c)	Includes repurchases of both delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also includes buy outs from GSEs in order to facilitate foreclosures.

(d)	Nine months ended September 30, 2011 includes $32.7 million related to clean-up calls exercised by FHN in second quarter.

Schedule Of Principal Amount Of Delinquent Loans, And Net Credit Losses

(Dollars in thousands)

Total Principal
Amount of Loans

Principal Amount
of Delinquent Loans ^(a)

Net Credit
Losses ^(b)

On September 30, 2011

Three Months Ended
September 30, 2011

Nine Months Ended
September 30, 2011

Type of loan:

Real estate residential

$19,007,433

$784,806

$159,488

$415,486

Total loans managed or transferred ^(c)

$19,007,433

$784,806

$159,488

$415,486

Loans sold

(11,887,315

)

Loans held for sale

(311,348

)

Loans held in portfolio

$6,808,770

(a)

Loans 90 days or more past due include $39.6 million of GNMA guaranteed mortgages.

(b)

Principal amount of loans securitized and sold includes $8.7 billion of loans securitized through GNMA, FNMA, or FHLMC. FHN retains interests other than servicing rights on a portion of these securitized loans. No delinquency or net credit loss data is included for the loans securitized through FNMA or FHMLC because these agencies retain credit risk. The remainder of loans securitized and sold were securitized through proprietary trusts, where FHN retained interests other than servicing rights. See Note 9 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs and private investors.

(c)

Amount represents real estate residential loans transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. For loans transferred to GSEs, includes all loans with retained interests.


(Dollars in thousands)	Total Principal Amount of Loans			Principal Amount of Delinquent Loans ^(a)		Net Credit Losses ^(b)
	On September 30, 2010					Three months ended September 30, 2010		Nine months ended September 30, 2010
Type of loan:
Real estate residential		$22,634,349			$1,025,506		$137,760		$432,367

Total loans managed or transferred ^(c)		$22,634,349			$1,025,506		$137,760		$432,367

Loans sold		(14,711,540	)
Loans held for sale		(369,339	)

Loans held in portfolio		$7,553,470

(a)

Loans 90 days or more past due include $38.4 million of GNMA guaranteed mortgages.

(b)

Principal amount of loans securitized and sold includes $10.8 billion of loans securitized through GNMA, FNMA, or FHLMC. FHN retains interests other than servicing rights on a portion of these securitized loans. No delinquency or net credit loss data is included for the loans securitized through FNMA or FHMLC because these agencies retain credit risk. The remainder of loans securitized and sold were securitized through proprietary trusts, where FHN retained interests other than servicing rights. See Note 9 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs and private investors.

(c)