Loans Held-For-Sale, Net

12 Months Ended

Dec. 31, 2011

Loans Receivable Held-for-sale, Net [Abstract]

Loans held-for-sale, Net

8.    Loans Held-for-sale, Net

The composition of loans held-for-sale, net, was as follows.

	2011						2010
December 31, ($ in millions)	Domestic		Foreign		Total		Domestic		Foreign		Total
Consumer automobile	$	425	$	—	$	425	$	—	$	—	$	—
Consumer mortgage
1st Mortgage	7,360		12		7,372		10,191		364		10,555
Home equity	740		—		740		856		—		856
Total consumer mortgage (a)	8,100		12		8,112		11,047		364		11,411
Commercial and industrial
Other	20		—		20		—		—		—
Total loans held-for-sale (b)	$	8,545	$	12	$	8,557	$	11,047	$	364	$	11,411

(a) Fair value option-elected domestic consumer mortgages were $3.9 billion and $6.4 billion at December 31, 2011 and 2010, respectively. Refer to Note 27 for additional information.

(b) Totals are net of unamortized premiums and discounts and deferred fees and costs. Included in the totals are net unamortized discounts of $221 million and $161 million at December 31, 2011 and 2010, respectively.

The following table summarizes held-for-sale mortgage loans reported at carrying value by higher-risk loan type.

Year ended December 31, ($ in millions)	2011		2010
High original loan-to-value (greater than 100%) mortgage loans	$	423	$	331
Payment-option adjustable-rate mortgage loans	12		16
Interest-only mortgage loans	298		481
Below-market rate (teaser) mortgages	169		151
Total higher-risk mortgage loans held-for-sale (a)	$	902	$	979

(a) The majority of these loans are held by our Mortgage Legacy Portfolio and Other operations at December 31, 2011 and 2010.