Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	September 30, 2014		December 31, 2013
	(in millions)
Mortgage servicing rights:
Residential	$	182	$	227
Commercial	2		10
Total mortgage servicing rights	$	184	$	237
Purchased credit card relationships	49		54
Favorable lease agreements	1		4
Total intangible assets	$	234	$	295

Fair Value of Residential MSRs

The following table summarizes the critical assumptions used to calculate the fair value of residential MSRs:

	September 30, 2014		December 31, 2013
Annualized constant prepayment rate ("CPR")	13.8	%	11.3	%
Constant discount rate	13.6	%	12.7	%
Weighted average life (in years)	4.6		5.3

Residential MSRs Activity

The following table summarizes residential MSRs activity:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(in millions)
Fair value of MSRs:
Beginning balance	$	186		$	225		$	227		$	168
Additions related to loan sales	—			3			—			14
Changes in fair value due to:
Change in valuation model inputs or assumptions	2			4			(22		)	73
Customer payments	(6		)	(8		)	(23		)	(31		)
Ending balance	$	182		$	224		$	182		$	224