Other Assets (Tables)

6 Months Ended

Jun. 30, 2016

Other Assets [Abstract]

Schedule of other assets

Other assets consisted of:

	June 30, 2016		December 31, 2015
	(In millions)
Derivatives	$	49	$	26
Repurchase eligible loans(1)	42		104
Equity method investments	32		32
Mortgage loans in foreclosure, net	23		24
Real estate owned, net	15		21
Income taxes receivable	—		23
Other	21		17
Total	$	182	$	247

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⁽¹⁾  Repurchase eligible loans represent certain mortgage loans sold pursuant to Government National Mortgage Association programs where the Company, as servicer, has the unilateral option to repurchase the loan if certain criteria are met, including if a loan is greater than 90 days delinquent and where it has been determined that there is more than a trivial benefit from exercising the repurchase option.  Regardless of whether the repurchase option has been exercised, the Company must recognize eligible loans within Other assets and a corresponding repurchase liability within Accounts payable and accrued expenses in the Condensed Consolidated Balance Sheets.