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Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2015
Credit Risk  
Schedule of information regarding the total loan servicing portfolio
The following tables summarize certain information regarding the total loan servicing portfolio, which includes loans associated with the capitalized Mortgage servicing rights as well as loans subserviced for others:  
 
December 31,
 
2015
 
2014
 
(In millions)
Loan Servicing Portfolio Composition
 

 
 

Owned
$
99,869

 
$
113,849

Subserviced
126,390

 
113,423

Total
$
226,259

 
$
227,272

 
 
 
 
Conventional loans
$
197,971

 
$
195,184

Government loans
24,087

 
27,720

Home equity lines of credit
4,201

 
4,368

Total
$
226,259

 
$
227,272

 
 
 
 
Weighted-average interest rate
3.8
%
 
3.9
%
Schedule of portfolio delinquency
 
December 31,
 
2015
 
2014
 
Number of
Loans
 
Unpaid
Balance
 
Number of
Loans
 
Unpaid
Balance
Portfolio Delinquency(1)
 

 
 

 
 

 
 

30 days
2.22
%
 
1.55
%
 
2.43
%
 
1.75
%
60 days
0.44

 
0.30

 
0.58

 
0.41

90 or more days
0.82

 
0.62

 
1.13

 
0.85

Total
3.48
%
 
2.47
%
 
4.14
%
 
3.01
%
Foreclosure/real estate owned(2)
1.74
%
 
1.51
%
 
2.22
%
 
2.04
%

_____________
(1) 
Represents portfolio delinquencies as a percentage of the total number of loans and the total unpaid balance of the portfolio.

(2) 
As of December 31, 2015 and 2014, the total servicing portfolio included 15,487 and 21,456 of loans in foreclosure with an unpaid principal balance of $3.0 billion and $4.1 billion, respectively.
Summary of the activity in repurchase and foreclosure-related reserves
A summary of the activity in repurchase and foreclosure-related reserves is as follows:
 
 
Year Ended December 31,
 
2015
 
2014(1)
 
(In millions)
Balance, beginning of period
$
93

 
$
142

Realized losses
(19
)
 
(65
)
Increase in reserves due to:
 

 
 

Changes in assumptions
6

 
6

New loan sales
9

 
10

Balance, end of period
$
89

 
$
93

______________
(1) 
Realized losses includes $12 million that was paid to Fannie Mae related to a resolution agreement and Changes in assumptions includes an $8 million provision for estimated losses related to the sale of MSRs for certain highly delinquent government insured loans.
Schedule of carrying values of the mortgage loans in foreclosure and real estate owned
The carrying values of the mortgage loans in foreclosure and real estate owned were recorded within Other assets in the Consolidated Balance Sheets as follows: 
 
December 31,
 
2015
 
2014
 
(In millions)
Mortgage loans in foreclosure and related advances
$
34

 
$
46

Allowance for probable foreclosure losses
(10
)
 
(14
)
Mortgage loans in foreclosure, net
$
24

 
$
32

 
 
 
 
Real estate owned and related advances
$
38

 
$
37

Adjustment to value for real estate owned
(17
)
 
(16
)
Real estate owned, net
$
21

 
$
21