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Transfers and Servicing of Mortgage Loans (Tables)
 6 Months Ended
Jun. 30, 2016
Transfers and Servicing [Abstract]  
Schedule of activity in loan servicing portfolio associated with capitalized servicing rights
The activity in the loan servicing portfolio associated with capitalized mortgage servicing rights consisted of:
 
 
Six Months Ended
June 30,
 
2016
 
2015
 
(In millions)
Balance, beginning of period
$
98,990

 
$
112,686

Additions
2,960

 
4,323

Payoffs and curtailments
(8,767
)
 
(9,966
)
Sales
(496
)
 
(2,338
)
Balance, end of period
$
92,687

 
$
104,705
Schedule of activity in capitalized MSRs
The activity in capitalized MSRs consisted of: 
 
Six Months Ended
June 30,
 
2016
 
2015
 
(In millions)
Balance, beginning of period
$
880

 
$
1,005

Additions
30

 
48

Sales
(5
)
 
(25
)
Changes in fair value due to:
 

 
 

Realization of expected cash flows
(61
)
 
(89
)
Changes in market inputs or assumptions used in the valuation model
(165
)
 
81

Balance, end of period
$
679

 
$
1,020
Schedule of contractually specified servicing fees, late fees and other ancillary servicing revenue
The value of MSRs is driven by the net positive cash flows associated with servicing activities.  These cash flows include contractually specified servicing fees, late fees and other ancillary servicing revenue and were recorded within Loan servicing income as follows: 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In millions)
Servicing fees from capitalized portfolio
$
67

 
$
77

 
$
137

 
$
156

Late fees
5

 
3

 
8

 
7

Other ancillary servicing revenue
5

 
8

 
8

 
15
Schedule of cash flows relating to loan sales in which the Company has continuing involvement
The following table sets forth information regarding cash flows relating to loan sales in which the Company has continuing involvement: 
 
Six Months Ended
June 30,
 
2016
 
2015
 
(In millions)
Proceeds from new loan sales or securitizations
$
3,055

 
$
4,439

Servicing fees from capitalized portfolio(1) 
137

 
156

Purchases of previously sold loans (2) 
(169
)
 
(16
)
Servicing advances (3) 
(836
)
 
(1,018
)
Repayment of servicing advances (3) 
872

 
1,041

____________________
(1) 
Excludes late fees and other ancillary servicing revenue. 
(2) 
Includes purchases of repurchase eligible loans and excludes indemnification payments to investors and insurers of the related mortgage loans. 
(3) 
Outstanding servicing advance receivables are presented in Servicing advances, net in the Condensed Consolidated Balance Sheets, except for advances related to loans in foreclosure or real estate owned, which are included in Other assets.