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Debt and Borrowing Arrangements (Details) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Debt and Borrowing Arrangements    
Total Debt $ 1,358 $ 1,739
Asset-backed Securities    
Debt and Borrowing Arrangements    
Total Debt $ 111 108
Weighted average interest rate (as a percent) [1] 2.30%  
Available Capacity [2] $ 44  
Committed warehouse facilities    
Debt and Borrowing Arrangements    
Total Debt $ 632 800
Weighted average interest rate (as a percent) [1] 2.50%  
Available Capacity [2] $ 968  
Uncommitted warehouse facilities    
Debt and Borrowing Arrangements    
Total Debt $ 0 0
Weighted average interest rate (as a percent) [1] 0.00%  
Available Capacity [2] $ 2,825  
6.0% Convertible Notes due 2017    
Debt and Borrowing Arrangements    
Total Debt [3] $ 0 216
Interest rate (as a percent) [1],[3] 6.00%  
Unamortized discount   29
7.375% Senior notes due 2019    
Debt and Borrowing Arrangements    
Total Debt $ 275 275
Interest rate (as a percent) [1] 7.375%  
6.375% Senior notes due 2021    
Debt and Borrowing Arrangements    
Total Debt $ 340 340
Interest rate (as a percent) [1] 6.375%  
Unsecured credit facilities    
Debt and Borrowing Arrangements    
Total Debt $ 0 0
Interest rate (as a percent) [1] 0.00%  
Available Capacity [2] $ 5  
Unsecured debt    
Debt and Borrowing Arrangements    
Total Debt $ 615 $ 831
[1] Interest rate shown represents the stated interest rate of outstanding borrowings as of the respective date, which may differ from the effective rate due to the amortization of premiums, discounts and issuance costs. Warehouse facilities and the Servicing advance facility are variable-rate. Rate shown for Warehouse facilities represents the weighted-average rate of current outstanding borrowings.
[2] Capacity is dependent upon maintaining compliance with, or obtaining waivers of, the terms, conditions and covenants of the respective agreements, including asset-eligibility requirements.
[3] As of December 31, 2015, after completion of the exchange offers, an insignificant amount of notes remain. As of December 31, 2014, balance is net of unamortized discount of $29 million.