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Loan Sale and Servicing Activities and Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2015
Loan Sale and Servicing Activities and Variable Interest Entities [Abstract]  
Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities
Table 50: Certain Financial Information and Cash Flows Associated with Loan Sale and Servicing Activities
ResidentialCommercialHome Equity
In millionsMortgagesMortgages (a)Loans/Lines (b)
FINANCIAL INFORMATION - June 30, 2015
Servicing portfolio (c)$115,454$197,932$3,438
Carrying value of servicing assets (d)1,015543
Servicing advances (e)4632716
Repurchase and recourse obligations (f)973528
Carrying value of mortgage-backed securities held (g)5,6391,170
FINANCIAL INFORMATION - December 31, 2014
Servicing portfolio (c)$108,010$186,032$3,833
Carrying value of servicing assets (d)845506
Servicing advances (e)50129931
Repurchase and recourse obligations (f)1073529
Carrying value of mortgage-backed securities held (g)3,3651,269

ResidentialCommercialHome Equity
In millionsMortgagesMortgages (a)Loans/Lines (b)
CASH FLOWS - Three months ended June 30, 2015
Sales of loans (h)$2,015$1,159
Repurchases of previously transferred loans (i)134
Servicing fees (j)8236$4
Servicing advances recovered/(funded), net47211
Cash flows on mortgage-backed securities held (g)42954
CASH FLOWS - Three months ended June 30, 2014
Sales of loans (h)$2,189$496
Repurchases of previously transferred loans (i)159 $3
Servicing fees (j)87265
Servicing advances recovered/(funded), net39233
Cash flows on mortgage-backed securities held (g)25447
CASH FLOWS - Six months ended June 30, 2015
Sales of loans (h)$3,955$2,179
Repurchases of previously transferred loans (i)303 $2
Servicing fees (j)165688
Servicing advances recovered/(funded), net382825
Cash flows on mortgage-backed securities held (g)669114
CASH FLOWS - Six months ended June 30, 2014
Sales of loans (h)$4,284$935
Repurchases of previously transferred loans (i)368 $9
Servicing fees (j)1746710
Servicing advances recovered/(funded), net69556
Cash flows on mortgage-backed securities held (g)486191
(a)Represents financial and cash flow information associated with both commercial mortgage loan transfer and servicing activities.
(b)These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c)For our continuing involvement with residential mortgages, this amount represents the outstanding balance of loans we service, including loans transferred by us and loans originated by others where we have purchased the associated servicing rights. For home equity loan/line of credit transfers, this amount represents the outstanding balance of loans transferred and serviced. For commercial mortgages, this amount represents our overall servicing portfolio in which loans have been transferred by us or third parties to VIEs.
(d)See Note 7 Fair Value and Note 8 Goodwill and Other Intangible Assets for further information.
(e)Pursuant to certain contractual servicing agreements, represents outstanding balance of funds advanced (i) to investors for monthly collections of borrower principal and interest, (ii) for borrower draws on unused home equity lines of credit, and (iii) for collateral protection associated with the underlying mortgage collateral.
(f)Represents liability for our loss exposure associated with loan repurchases for breaches of representations and warranties for our Residential Mortgage Banking and Non-Strategic Assets Portfolio segments, and our commercial mortgage loss share arrangements for our Corporate & Institutional Banking segment. See Note 16 Commitments and Guarantees for further information.
(g)Represents securities held where PNC transferred to and/or services loans for a securitization SPE and we hold securities issued by that SPE.
(h)Gains/losses recognized on sales of loans were insignificant for the periods presented.
(i)Includes government insured or guaranteed loans eligible for repurchase through the exercise of our ROAP option and loans repurchased due to breaches of origination covenants or representations and warranties made to purchasers.
(j)Includes contractually specified servicing fees, late charges and ancillary fees.
Principal Balance, Delinquent Loans (Loans 90 Days or More Past Due), and Net Charge-Offs Related to Serviced Loans
Table 51: Principal Balance, Delinquent Loans, and Net Charge-offs Related to Serviced Loans
ResidentialCommercial Home Equity
In millionsMortgagesMortgages (a)Loans/Lines (b)
June 30, 2015
Total principal balance$75,639$56,552$3,438
Delinquent loans (c)2,1616721,129
December 31, 2014
Total principal balance$79,108$60,873$3,833
Delinquent loans (c)2,6577071,303

ResidentialCommercial Home Equity
In millionsMortgagesMortgages (a)Loans/Lines (b)
Three months ended June 30, 2015
Net charge-offs (d)$37$148$8
Three months ended June 30, 2014
Net charge-offs (d)$34$345$15
Six months ended June 30, 2015
Net charge-offs (d)$69$255$15
Six months ended June 30, 2014
Net charge-offs (d)$75$700$32
(a) Represents information at the securitization level in which PNC has sold loans and is the servicer for the securitization.
(b) These activities were part of an acquired brokered home equity lending business in which PNC is no longer engaged.
(c) Serviced delinquent loans are 90 days or more past due or are in process of foreclosure.
(d) Net charge-offs for Residential mortgages and Home equity loans/lines represent credit losses less recoveries distributed and as reported to investors during the period. Net charge-offs for Commercial mortgages represent credit losses less recoveries distributed and as reported by the trustee for CMBS securitizations. Realized losses for Agency securitizations are not reflected as we do not manage the underlying real estate upon foreclosure and, as such, do not have access to loss information.
Consolidated VIEs - Carrying Value
Table 52: Consolidated VIEs – Carrying Value (a) (b)
June 30, 2015Credit Card and OtherTax Credit
In millionsSecuritization TrustsInvestmentsTotal
Assets
Cash and due from banks$5$5
Interest-earning deposits with banks55
Loans$1,45761,463
Allowance for loan and lease losses(44)(44)
Equity investments256256
Other assets20420440
Total assets$1,433$692$2,125
Liabilities
Other borrowed funds$154$157$311
Accrued expenses6363
Other liabilities136136
Total liabilities$154$356$510
December 31, 2014Credit Card and OtherTax Credit
In millionsSecuritization TrustsInvestmentsTotal
Assets
Cash and due from banks$6$6
Interest-earning deposits with banks66
Loans$1,6061,606
Allowance for loan and lease losses(50)(50)
Equity investments492492
Other assets31452483
Total assets$1,587$956$2,543
Liabilities
Other borrowed funds$166$181$347
Accrued expenses7070
Other liabilities206206
Total liabilities$166$457$623
(a)Amounts represent carrying value on PNC’s Consolidated Balance Sheet.
(b)Difference between total assets and total liabilities represents the equity portion of the VIE or intercompany assets and liabilities which are eliminated in consolidation.
Non-Consolidated VIEs
Table 53: Non-Consolidated VIEs
Carrying Value of Assets Owned by PNCCarrying Value of Liabilities Owned by PNC
Aggregate Aggregate PNC Risk
In millionsAssets Liabilities of Loss (a)
June 30, 2015
Commercial Mortgage-Backed Securitizations (b)$45,797$45,797$1,415$1,415(d)
Residential Mortgage-Backed Securitizations (b)323,975323,9755,6785,678(d)$1(f)
Tax Credit Investments and Other (c)7,5762,9372,2372,281(e)695(g)
Total$377,348$372,709$9,330$9,374$696
Carrying Value of Assets Owned by PNCCarrying Value of Liabilities Owned by PNC
AggregateAggregatePNC Risk
In millionsAssetsLiabilitiesof Loss (a)
December 31, 2014
Commercial Mortgage-Backed Securitizations (b)$53,436$53,436$1,550$1,550(d)$1(f)
Residential Mortgage-Backed Securitizations (b)62,23662,2363,3853,385(d)4(f)
Tax Credit Investments and Other (c)7,4932,9332,2702,304(e)777(g)
Total$123,165$118,605$7,205$7,239$782
(a)This represents loans, investments and other assets related to non-consolidated VIEs, net of collateral (if applicable). Our total exposure related to our involvement in loan sale and servicing activities is disclosed in Table 50. Additionally, we also invest in other mortgage and asset-backed securities issued by third-party VIEs with which we have no continuing involvement. Further information on these securities is included in Note 6 Investment Securities and values disclosed represent our maximum exposure to loss for those securities’ holdings.
(b)Amounts reflect involvement with securitization SPEs where PNC transferred to and/or services loans for an SPE and we hold securities issued by that SPE. Asset amounts equal outstanding liability amounts of the SPEs due to limited availability of SPE financial information.
(c)Aggregate assets and aggregate liabilities are based on limited availability of financial information associated with certain acquired partnerships and certain LLCs engaged in solar power generation to which PNC provides lease financing. The aggregate assets and aggregate liabilities of LLCs engaged in solar power generation may not be reflective of the size of these VIEs due to differences in classification of leases by these entities.
(d)Included in Trading securities, Investment securities, Other intangible assets and Other assets on our Consolidated Balance Sheet.
(e)Included in Loans, Equity investments and Other assets on our Consolidated Balance Sheet.
(f)Included in Other liabilities on our Consolidated Balance Sheet.
(g)Included in Deposits and Other liabilities on our Consolidated Balance Sheet.