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Credit Risk (Tables)
 6 Months Ended
Jun. 30, 2016
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:
 
June 30,
2016
 
December 31,
2015
 
(In millions)
Loan Servicing Portfolio Composition
 

 
 

Owned
$
93,674

 
$
99,869

Subserviced
138,067

 
126,390

Total
$
231,741

 
$
226,259

 
 
 
 
Conventional loans
$
204,208

 
$
197,971

Government loans
23,521

 
24,087

Home equity lines of credit
4,012

 
4,201

Total
$
231,741

 
$
226,259

 
 
 
 
Weighted-average interest rate
3.8
%
 
3.8
%
Schedule of portfolio delinquency
 
June 30, 2016
 
December 31, 2015
 
Number of
Loans
 
Unpaid
Balance
 
Number of
Loans
 
Unpaid
Balance
Portfolio Delinquency(1)
 

 
 

 
 

 
 

30 days
2.10
%
 
1.48
%
 
2.22
%
 
1.55
%
60 days
0.38

 
0.26

 
0.44

 
0.30

90 or more days
0.63

 
0.47

 
0.82

 
0.62

Total
3.11
%
 
2.21
%
 
3.48
%
 
2.47
%
 
 
 
 
 
 
 
 
Foreclosure/real estate owned(2)
1.62
%
 
1.37
%
 
1.74
%
 
1.51
%

______________
(1) 
Represents portfolio delinquencies as a percentage of the total number of loans and the total unpaid balance of the portfolio.
  
(2) 
As of June 30, 2016 and December 31, 2015, the total servicing portfolio included 14,178 and 15,487 of loans in foreclosure with an unpaid principal balance of $2.8 billion and $3.0 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:
 
Six Months Ended
June 30,
 
2016
 
2015
 
(In millions)
Balance, beginning of period
$
89

 
$
93

Realized losses
(12
)
 
(13
)
Increase in reserves due to:
 

 
 

Changes in assumptions
3

 
6

New loan sales
4

 
6

Balance, end of period
$
84

 
$
92
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 Condensed Consolidated Balance Sheets as follows:
 
 
June 30,
2016
 
December 31,
2015
 
(In millions)
Mortgage loans in foreclosure and related advances
$
32

 
$
34

Allowance for probable foreclosure losses
(9
)
 
(10
)
Mortgage loans in foreclosure, net
$
23

 
$
24

 
 
 
 
Real estate owned and related advances
$
28

 
$
38

Adjustment to value for real estate owned
(13
)
 
(17
)
Real estate owned, net
$
15

 
$
21