Loan Servicing (Tables)

6 Months Ended

Jun. 30, 2014

Loan Servicing [Abstract]

Summary of Residential Mortgage Loans Managed or Securitized, Servicing Portfolio Information and Related Data

		June 30, 2014		December 31, 2013
		(Dollars in millions)
Mortgage loans managed or securitized		$	28,284	$	27,353
Home equity loans managed			7,593		8,329
Total mortgage and home equity loans managed or securitized			35,877		35,682
Less: Loans securitized and transferred to AFS securities			3		4
	LHFS		1,625		1,116
	Covered mortgage loans		732		802
	Mortgage loans sold with recourse		717		783
Mortgage loans held for investment		$	32,800	$	32,977
UPB of mortgage loan servicing portfolio		$	115,099	$	112,835
UPB of home equity loan servicing portfolio			7,650		8,321
UPB of residential mortgage and home equity loan servicing portfolio			122,749		121,156
UPB of residential mortgage loans serviced for others (primarily agency
	conforming fixed rate)		88,595		87,434
Maximum recourse exposure from mortgage loans sold with recourse liability			349		372
Indemnification, recourse and repurchase reserves			98		72
FHA-insured mortgage loan reserve			85		―

		As Of / For The
		Six Months Ended June 30,
		2014			2013
		(Dollars in millions)
UPB of residential mortgage loans sold from the LHFS portfolio		$	5,972		$	16,541
Pre-tax gains recognized on mortgage loans sold and held for sale			38			219
Servicing fees recognized from mortgage loans serviced for others			136			127
Approximate weighted average servicing fee on the outstanding balance of
	residential mortgage loans serviced for others		0.30	%		0.31	%
Weighted average interest rate on mortgage loans serviced for others			4.23			4.32

Analysis of Activity in Residential MSRs

			Six Months Ended June 30,
				2014		2013
			(Dollars in millions)
Residential MSRs, carrying value, January 1,			$	1,047	$	627
	Additions			66		192
	Change in fair value due to changes in valuation inputs or assumptions:
		Prepayment speeds		(100)		218
		Weighted average OAS		3		(44)
		Servicing costs		―		(21)
	Realization of expected net servicing cash flows, passage of time and other			(62)		(80)
Residential MSRs, carrying value, June 30,			$	954	$	892
Gains (losses) on derivative financial instruments used to mitigate the
	income statement effect of changes in fair value		$	105	$	(133)

Residential MSRs Sensitivity

			June 30, 2014							December 31, 2013
			Range				Weighted			Range				Weighted
			Min		Max		Average			Min		Max		Average
			(Dollars in millions)
Prepayment speed			7.4	%	10.2	%		9.3	%	5.5	%	8.0	%		6.9	%
	Effect on fair value of a 10% increase						$	(31)						$	(33)
	Effect on fair value of a 20% increase							(61)							(64)
OAS			9.0	%	9.8	%		9.2	%	9.1	%	9.9	%		9.3	%
	Effect on fair value of a 10% increase						$	(32)						$	(39)
	Effect on fair value of a 20% increase							(62)							(75)
Composition of loans serviced for others:
	Fixed-rate residential mortgage loans							99.7	%						99.7	%
	Adjustable-rate residential mortgage loans							0.3							0.3
		Total						100.0	%						100.0	%
Weighted average life								6.7	yrs						7.9	yrs

Summary of Commercial Mortgage Banking Activities

		June 30,		December 31,
		2014		2013
		(Dollars in millions)
UPB of CRE mortgages serviced for others		$	27,697	$	28,095
CRE mortgages serviced for others covered by recourse provisions			4,633		4,594
Maximum recourse exposure from CRE mortgages
	sold with recourse liability		1,334		1,320
Recorded reserves related to recourse exposure			10		9
Originated CRE mortgages during the period - year to date			1,987		4,881