XML 126 R49.htm IDEA: XBRL DOCUMENT

Transfers of financial assets and mortgage servicing assets (Tables)

6 Months Ended

Jun. 30, 2013

Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]

		Proceeds Obtained During the Quarter Ended June 30, 2013
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	282,317		-	$	282,317
Mortgage-backed securities - FNMA		-		123,924		-		123,924
Mortgage-backed securities - FHLMC		-		26,692		-		26,692
Total trading account securities		-	$	432,933		-	$	432,933
Mortgage servicing rights		-		-	$	4,637	$	4,637
Total		-	$	432,933	$	4,637	$	437,570

		Proceeds Obtained During the Six Months Ended June 30, 2013
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	567,569		-	$	567,569
Mortgage-backed securities - FNMA		-		252,066		-		252,066
Mortgage-backed securities - FHLMC		-		26,692		-		26,692
Total trading account securities		-	$	846,327		-	$	846,327
Mortgage servicing rights		-		-	$	9,380	$	9,380
Total		-	$	846,327	$	9,380	$	855,707

		Proceeds Obtained During the Quarter Ended June 30, 2012
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	204,636		-	$	204,636
Mortgage-backed securities - FNMA		-		71,450		-		71,450
Total trading account securities		-	$	276,086		-	$	276,086
Mortgage servicing rights		-		-	$	3,788	$	3,788
Total		-	$	276,086	$	3,788	$	279,874

		Proceeds Obtained During the Six Months Ended June 30, 2012
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	394,815	$	-	$	394,815
Mortgage-backed securities - FNMA		-		130,985		-		130,985
Total trading account securities		-	$	525,800	$	-	$	525,800
Mortgage servicing rights		-		-	$	7,021	$	7,021
Total		-	$	525,800	$	7,021	$	532,821

Schedule Of Servicing Assets At Fair Value Text Block

Residential MSRs
(In thousands)	June 30, 2013		June 30, 2012
Fair value at beginning of period	$	154,430	$	151,323
Purchases		45		1,018
Servicing from securitizations or asset transfers		10,152		8,206
Changes due to payments on loans^[1]		(12,721)		(8,950)
Reduction due to loan repurchases		(2,033)		(1,360)
Changes in fair value due to changes in valuation model inputs or assumptions		4,013		5,519
Other disposals		(442)		(45)
Fair value at end of period	$	153,444	$	155,711
[1] Represents the change due to collection / realization of expected cash flow over time.

Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block

	Quarter ended				Six months ended
	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
Prepayment speed	7.3	%	6.5	%	7.7	%	6.1	%
Weighted average life	13.7	years	15.4	years	12.9	years	16.4	years
Discount rate (annual rate)	11.1	%	11.5	%	11.1	%	11.5	%

Originated Mortgage Servicing Rights M S R [Member]

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

	Originated MSRs

(In thousands)		June 30, 2013			December 31, 2012
Fair value of servicing rights		$	106,198		$	102,727
Weighted average life			11.4	years		10.2	years
Weighted average prepayment speed (annual rate)			8.8	%		9.8	%
	Impact on fair value of 10% adverse change	$	(3,139)		$	(3,226)
	Impact on fair value of 20% adverse change	$	(6,752)		$	(7,018)
Weighted average discount rate (annual rate)			12.2	%		12.3	%
	Impact on fair value of 10% adverse change	$	(3,891)		$	(3,518)
	Impact on fair value of 20% adverse change	$	(8,108)		$	(7,505)

Purchased Mortgage Servicing Rights M S R [Member]

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

	Purchased MSRs

(In thousands)		June 30, 2013			December 31, 2012
Fair value of servicing rights		$	47,246		$	51,703
Weighted average life			10.9	years		11.0	years
Weighted average prepayment speed (annual rate)			9.2	%		9.1	%
	Impact on fair value of 10% adverse change	$	(2,149)		$	(2,350)
	Impact on fair value of 20% adverse change	$	(3,671)		$	(4,024)
Weighted average discount rate (annual rate)			11.3	%		11.4	%
	Impact on fair value of 10% adverse change	$	(2,315)		$	(2,516)
	Impact on fair value of 20% adverse change	$	(3,966)		$	(4,317)

- Definition

Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses).

+ References+ Details

- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

+ References+ Details

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References+ Details