Loan Sales And Securitizations (Tables)

9 Months Ended

Sep. 30, 2012

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

The sensitivity of the fair value of all retained or purchased MSR to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2012 and 2011 are as follows:
		September 30, 2012									September 30, 2011
(Dollars in thousands except for annual cost to service)			First Liens		Second Liens				HELOC			First Liens		Second Liens			HELOC
Fair value of retained interests		$	117,440		$	205		$	2,892		$	147,431		$	241		$	3,131
Weighted average life (in years)			4.0			2.9			2.9			3.7			2.9			2.7
Annual prepayment rate			21.2	%		26.0	%		26.7	%		23.0	%		26.0	%		28.8	%
	Impact on fair value of 10% adverse change	$	(6,261)		$	(13)		$	(355)		$	(8,262)		$	(16)		$	(216)
	Impact on fair value of 20% adverse change		(11,953)			(25)			(683)			(15,744)			(30)			(415)
Annual discount rate on servicing cash flows			11.8	%		14.0	%		18.0	%		11.7	%		14.0	%		18.0	%
	Impact on fair value of 10% adverse change	$	(3,253)		$	(6)		$	(191)		$	(3,898)		$	(7)		$	(96)
	Impact on fair value of 20% adverse change		(6,314)			(11)			(370)			(7,573)			(13)			(186)
Annual cost to service (per loan) (a)		$	116		$	50		$	50		$	122		$	50		$	50
	Impact on fair value of 10% adverse change		(2,822)			(5)			(96)			(3,401)			(5)			(50)
	Impact on fair value of 20% adverse change		(5,625)			(9)			(193)			(6,782)			(11)			(100)
Annual earnings on escrow			1.4	%		0.0			0.0			1.4	%		-			-
	Impact on fair value of 10% adverse change	$	(631)			-			-		$	(1,195)			-			-
	Impact on fair value of 20% adverse change		(1,263)			-			-			(2,390)			-			-

• Amounts represent market participant based assumptions.

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

The sensitivity of the fair value of other retained interests to immediate 10 percent and 20 percent adverse changes in assumptions on September 30, 2012 and 2011, are as follows:
		September 30, 2012						September 30, 2011
		Excess						Excess
		Interest			Certificated			Interest			Certificated
(Dollars in thousands)		IO			PO (a)			IO			PO
Fair value of retained interests		$	13,739		$	5,462		$	18,963		$	8,585
Weighted average life (in years)			3.9			1.9			3.7			3.9
Annual prepayment rate			19.1	%		49.5	%		21.0	%		30.3	%
	Impact on fair value of 10% adverse change	$	(618)		$	(304)		$	(917)		$	(266)
	Impact on fair value of 20% adverse change		(1,189)			(640)			(1,763)			(534)
Annual discount rate on residual cash flows			13.3	%		NM			13.2	%		22.2	%
	Impact on fair value of 10% adverse change	$	(504)		$	(259)		$	(697)		$	(394)
	Impact on fair value of 20% adverse change		(968)			(495)			(1,340)			(815)

NM - Not meaningful

(a)In third quarter 2012, FHN changed the method used to calculate sensitivities for certificated PO due to more limited market information for these securities.

Schedule Of Cash Flows Related To Loan Sales And Securitizations [TableTextBlock]

For the three and nine months ended September 30, 2012 and 2011, cash flows received and paid related to loan sales and securitizations were as follows:
		Three Months Ended				Nine Months Ended
		September 30				September 30
(Dollars in thousands)	2012		2011		2012		2011
Proceeds from initial sales (a)	$	77,297	$	145,913	$	178,045	$	339,736
Servicing fees retained (b)		14,262		17,304		47,488		58,639
Purchases of GNMA guaranteed mortgages		22,434		7,162		85,149		45,073
Purchases of previously transferred financial assets (c) (d)		191,318		60,760		333,236		202,396
Other cash flows received on retained interests		1,696		2,117		6,915		6,205

• Includes $89.2 million of proceeds related to a bulk sale of nonperforming permanent mortgages in third quarter 2011.
• Includes servicing fees on MSR associated with loan sales and purchased MSR.
• Includes repurchases of delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser. Also includes buyouts from GSEs in order to facilitate foreclosures.
• Three and nine months ended September 30, 2012 and nine months ended September 30, 2011 includes $99.3 million and $32.7million, respectively, of cash paid related to clean-up calls exercised by FHN.

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

The principal amount of loans transferred through loan sales and securitizations and other loans managed with them, the principal amount delinquent loans, and the net credit losses during the three and nine months ended September 30, 2012 and 2011 are as follows:
	Principal Amount of Residential Real
	Estate Loans (a) (b) (c)				Net Credit Losses (c)
	September 30				Three Months Ended September 30				Nine Months Ended September 30
(Dollars in thousands)	2012		2011		2012		2011		2012		2011
Total loans managed or transferred	$	15,889,548	$	19,007,433	$	136,583	$	159,488	$	365,467	$	415,486

• Amounts represent real estate residential loans in FHN's portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. Also includes $6.3billion and $8.7 billion of loans transferred to GSEs with any type of retained interest on September 30, 2012 and 2011, respectively.
• On September 30, 2012 and 2011, includes $.7billion and $.8 billion, respectively, where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $35.4million and $39.6million of GNMA guaranteed mortgages on September 30, 2012 and 2011, respectively.
• No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 9 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.