XML 158 R58.htm IDEA: XBRL DOCUMENT v2.4.0.8
Contingencies And Other Risks (Tables)
6 Months Ended
Jun. 30, 2013
Loss Contingency [Abstract]  
Schedule Of Changes In Reserve And Warranty Obligations [Table Text Block]
Six months ended June 30, ($ in millions)
 
2013 (a)
 
2012 (b)
Balance at January 1,
 
$
105

 
$
825

Provision for mortgage representation and warranty expenses
 
 
 
 
Loan sales
 
5

 
8

Change in estimate — continuing operations
 
81

 
37

Total additions
 
86

 
45

Resolved claims (c)
 
(41
)
 
(87
)
Recoveries
 
2

 
6

Other (d)
 
(127
)
 
(665
)
Balance at June 30,
 
$
25


$
124

(a)
The liabilities are held by Ally Bank and a majority of the previous liability was eliminated as a result of the deconsolidation of ResCap. Refer to Note 1 for more information regarding the Debtors' Bankruptcy and the deconsolidation of ResCap.
(b)
Includes activities of our discontinued operations.
(c)
Includes principal losses and accrued interest on repurchased loans, indemnification payments, and settlements with counterparties.
(d)
Activity for 2013 includes the impact of the sale of MSRs to Ocwen. Activity for 2012 includes the impact of the deconsolidation of ResCap.
The following table summarizes the changes in our reserve for representation and warranty obligations.
Three months ended June 30, ($ in millions)
 
2013 (a)
 
2012 (b)
Balance at April 1,
 
$
170

 
$
811

Provision for mortgage representation and warranty expenses
 
 
 
 
Loan sales
 
1

 
4

Change in estimate — continuing operations
 
(2
)
 
18

Total additions
 
(1
)
 
22

Resolved claims (c)
 
(18
)
 
(45
)
Recoveries
 
1

 
1

Other (d)
 
(127
)
 
(665
)
Balance at June 30,
 
$
25


$
124

(a)
The liabilities are held by Ally Bank and a majority of the previous liability was eliminated as a result of the deconsolidation of ResCap. Refer to Note 1 for more information regarding the Debtors' Bankruptcy and the deconsolidation of ResCap.
(b)
Includes activities of our discontinued operations.
(c)
Includes principal losses and accrued interest on repurchased loans, indemnification payments, and settlements with counterparties.
(d)
Activity for 2013 includes the impact of the sale of MSRs to Ocwen. Activity for 2012 includes the impact of the deconsolidation of ResCap.