Transfers and Servicing of Mortgage Loans (Tables)

9 Months Ended

Sep. 30, 2013

Transfers and Servicing of Mortgage Loans

Schedule of activity in loan servicing portfolio associated with capitalized servicing rights

	Nine Months Ended
	September 30,
	2013		2012
	(In millions)
Balance, beginning of period	$	140,381	$	147,088
Additions	19,031		24,794
Payoffs, sales and curtailments	(28,254)		(27,102)
Balance, end of period	$	131,158	$	144,780

Schedule of activity in capitalized MSRs

	Nine Months Ended
	September 30,
	2013		2012
	(In millions)
Balance, beginning of period	$	1,022	$	1,209
Additions	209		244
Changes in fair value due to:
Realization of expected cash flows	(220)		(199)
Changes in market inputs or assumptions used in the valuation model	226		(252)
Balance, end of period	$	1,237	$	1,002

Schedule of contractually specified servicing fees, late fees and other ancillary servicing revenue

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(In millions)
Servicing fees from capitalized portfolio	$	95	$	106	$	294	$	329
Late fees	5		5		14		15
Other ancillary servicing revenue	12		10		31		30

Schedule of cash flows relating to loan sales in which the Company has continuing involvement

	Nine Months Ended
	September 30,
	2013		2012
	(In millions)
Proceeds from new loan sales or securitizations	$	19,401	$	25,895
Servicing fees from capitalized portfolio(1)	294		329
Other cash flows on retained interests (2)	—		5
Purchases of delinquent or foreclosed loans (3)	(50)		(70)
Servicing advances (4)	(1,003)		(975)
Repayment of servicing advances	946		942

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(1) Excludes late fees and other ancillary servicing revenue.

(2) Represents cash flows received on retained interests other than servicing fees.

(3) Excludes indemnification payments to investors and insurers of the related mortgage loans.

(4) As of September 30, 2013 and December 31, 2012, outstanding servicing advance receivables related to our total servicing portfolio of $536 million and $293 million, respectively, were included in Accounts receivable, net.