Credit Risk (Tables)

6 Months Ended

Jun. 30, 2011

Credit Risk [Abstract]

Information regarding the total loan servicing portfolio

Loan performance is an indicator of the inherent risk associated with our origination and servicing activities. In limited circumstances, the Company has exposure to possible losses on loans within the servicing portfolio due to loan repurchases and indemnifications, as further discussed below. 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,		December 31,
	2011		2010
Loan Servicing Portfolio Composition:	(In millions)
Owned	$	144,615	$	140,160
Subserviced		29,036		25,915
Total servicing portfolio	$	173,651	$	166,075
Conventional loans	$	140,198	$	136,261
Government loans		26,810		23,100
Home equity lines of credit		6,643		6,714
Total servicing portfolio	$	173,651	$	166,075
Weighted-average interest rate		4.8%		4.9%

Information regarding Portfolio Delinquency

	June 30, 2011				December 31, 2010
	Number		Unpaid		Number		Unpaid
Portfolio Delinquency(1)	of Loans		Balance		of Loans		Balance
30 days	2.17	%	1.82	%	2.36	%	2.01	%
60 days	0.53	%	0.47	%	0.67	%	0.60	%
90 or more days	0.95	%	0.93	%	1.21	%	1.27	%
Total delinquency	3.65	%	3.22	%	4.24	%	3.88	%
Foreclosure/real estate owned (2)	2.06	%	2.13	%	2.30	%	2.37	%

(1)	Represents the loan servicing portfolio delinquencies as a percentage of the total number of loans and the total unpaid balance of the portfolio.
(2)	As of June 30, 2011 and December 31, 2010, there were 16,913 and 18,554 of loans in foreclosure with unpaid principal balances of $3.0 billion and $3.3 billion, respectively.

Summary of the activity in foreclosure-related reserves

Foreclosure-related reserves are maintained for probable losses related to repurchase and indemnification obligations and on-balance sheet loans in foreclosure and real estate owned. A summary of the activity in foreclosure-related reserves is as follows:

	Six Months Ended
	June 30,
	2011			2010
	(In millions)
Balance, beginning of period	$	111		$	86
Realized foreclosure losses		(35	)		(32	)
Increase in reserves due to:
Changes in assumptions		39			45
New loan sales		7			5
Balance, end of period	$	122		$	104

Carrying values of the mortgage loans in foreclosure and real estate owned are recorded within other assets

The carrying values of the mortgage loans in foreclosure and real estate owned are recorded within Other Assets on the Condensed Consolidated Balance Sheets as follows:

	June 30,			December 31,
	2011			2010
	(In millions)
Mortgage loans in foreclosure	$	120		$	128
Allowance for probable losses		(21	)		(22	)
Mortgage loans in foreclosure, net	$	99		$	106
Real Estate Owned	$	49		$	54
Adjustment to estimated net realizable value		(13	)		(15	)
Real Estate Owned, net	$	36		$	39

Summary of the activity in reinsurance-related reserves

A summary of the activity in reinsurance-related reserves is as follows:

	Six Months Ended
	June 30,
	2011			2010
	(In millions)
Balance, beginning of period	$	113		$	108
Realized reinsurance losses		(33	)		(6	)
Increase in liability for reinsurance losses		17			26
Balance, end of period	$	97		$	128