XML 108 R44.htm IDEA: XBRL DOCUMENT v2.3.0.15
Loan Sale and Servicing Activities and Variable Interest Entities (Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities) (Details) (USD $)
In Millions
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Residential Mortgage [Member]
     
Servicing portfolio$ 121,229[1] $ 121,229[1] $ 125,806[1]
Carrying value of servicing assets684[2] 684[2] 1,033[2]
Servicing advances560 560 533
Servicing deposits2,310 2,310 2,661
Repurchase and recourse obligations85[3] 85[3] 144[3]
Carrying value of mortgage-backed securities held1,542[4] 1,542[4] 2,171[4]
Cash flows from sales of loans2,652[5]2,381[5]9,181[5]6,607[5] 
Cash flows from repurchases of previously transferred loans429[6]550[6]1,238[6]1,756[6] 
Cash flows from contractual servicing fees received92100269316 
Cash flows from servicing advances recovered/(funded), net(35)(30)(27)30 
Cash flows on mortgage-backed securities held90[4]143[4]348[4]433[4] 
Commercial Mortgages [Member]
     
Servicing portfolio159,106[1],[7] 159,106[1],[7] 162,514[1],[7]
Carrying value of servicing assets482[2],[7] 482[2],[7] 665[2],[7]
Servicing advances474[7] 474[7] 415[7]
Servicing deposits3,861[7] 3,861[7] 3,537[7]
Repurchase and recourse obligations49[3],[7] 49[3],[7] 54[3],[7]
Carrying value of mortgage-backed securities held1,976[4],[7] 1,976[4],[7] 1,875[4],[7]
Cash flows from sales of loans658[5],[7]475[5],[7]1,562[5],[7]1,453[5],[7] 
Cash flows from contractual servicing fees received45[7]48[7]132[7]174[7] 
Cash flows from servicing advances recovered/(funded), net(23)[7]1[7](59)[7]3[7] 
Cash flows on mortgage-backed securities held142[4],[7]237[4],[7]319[4],[7]441[4],[7] 
Home Equity Loans Lines [Member]
     
Servicing portfolio5,735[1],[8] 5,735[1],[8] 6,041[1],[8]
Carrying value of servicing assets1[2],[8] 1[2],[8] 2[2],[8]
Servicing advances8[8] 8[8] 21[8]
Servicing deposits34[8] 34[8] 61[8]
Repurchase and recourse obligations51[3],[8] 51[3],[8] 150[3],[8]
Cash flows from repurchases of previously transferred loans5[6],[8]6[6],[8]35[6],[8]13[6],[8] 
Cash flows from contractual servicing fees received5[8]6[8]17[8]20[8] 
Cash flows from servicing advances recovered/(funded), net$ (2)[8]$ 4[8]$ 13[8]$ 13[8] 
[1]For our continuing involvement with residential mortgages and home equity loan/line transfers, amount represents outstanding balance of loans transferred and serviced. For commercial mortgages, amount represents the portion of the overall servicing portfolio in which loans have been transferred by us or third parties to VIEs.
[2]See Note 8 Fair Value and Note 9 Goodwill and Other Intangible Assets for further information.
[3]Represents liability for our loss exposure associated with loan repurchases for breaches of representations and warranties for our Residential Mortgage Banking and Distressed Assets Portfolio segments, and our multifamily commercial mortgage loss share arrangements for our Corporate & Institutional Banking segment. See Note 17 Commitments and Guarantees for further information.
[4]Represents securities held where PNC transferred to and/or services loans for a securitization SPE and we hold securities issued by that SPE.
[5]There were no gains or losses recognized on the transaction date for sales of residential mortgage and certain commercial mortgage loans as these loans are recognized on the balance sheet at fair value. For transfers of commercial mortgage loans not recognized on the balance sheet at fair value, gains/losses recognized on sales of these loans were insignificant for the periods presented.
[6]Includes repurchases of insured loans, government guaranteed loans, and loans repurchased through the exercise of our ROAP option.
[7]Represents financial and cash flow information associated with both commercial mortgage loan transfer and servicing activities.
[8]These activities were part of an acquired brokered home equity business in which PNC is no longer engaged. See Note 17 Commitments and Guarantees for further information.