Loan Servicing (Tables)

6 Months Ended

Jun. 30, 2012

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

			June 30,		December 31,
			2012		2011

			(Dollars in millions)
	Mortgage loans managed or securitized (1)		$	28,029	$	26,559
	Less: Loans securitized and transferred to securities available for sale			4		4
		Loans held for sale		2,600		3,394
		Covered mortgage loans		1,159		1,264
		Mortgage loans sold with recourse		1,149		1,316
	Mortgage loans held for investment		$	23,117	$	20,581
	Mortgage loans on nonaccrual status		$	263	$	308
	Mortgage loans 90 days or more past due and still accruing interest (2)			78		104
	Mortgage loans net charge-offs (3)			70		264
	Unpaid principal balance of residential mortgage loans servicing portfolio			97,560		91,640
	Unpaid principal balance of residential mortgage loans serviced for others			71,389		67,066
	Maximum recourse exposure from mortgage loans sold with recourse liability			484		522
	Recorded reserves related to recourse exposure			12		6
	Repurchase reserves for mortgage loan sales to GSEs			43		29


(1)	Balances exclude loans serviced for others with no other continuing involvement.
(2)	Includes amounts related to residential mortgage loans held for sale and excludes amounts related to government guaranteed loans and covered mortgage loans. Refer to Loans and Leases Note for additional disclosures related to past due government guaranteed loans.
(3)	Net charge-offs for June 30, 2012 reflect six months.

		As of / For the
		Six Months Ended June 30,
		2012			2011

		(Dollars in millions)
Unpaid principal balance of residential mortgage loans sold from the held for
	sale portfolio	$	12,675		$	8,554
Pre-tax gains recognized on mortgage loans sold			236			61
Servicing fees recognized from mortgage loans serviced for others			121			118
Approximate weighted average servicing fee of the outstanding balance of
	residential mortgage loans serviced for others		0.33	%		0.34	%
Weighted average coupon interest rate on mortgage loans serviced for others			4.81			5.14

Schedule of Residential Mortgage Servicing Assets

					Residential Mortgage Servicing Rights
					Six Months Ended June 30,
						2012		2011

					(Dollars in millions)
	Carrying value, January 1,				$	563	$	830
		Additions				134		126
		Increase (decrease) in fair value:
				Due to changes in valuation inputs or assumptions		(38)		(20)
			Other changes (1)			(81)		(57)
	Carrying value, June 30,				$	578	$	879


(1)	Represents the realization of expected net servicing cash flows, expected borrower payments and the passage of time.

Residential Mortgage Servicing Rights Sensitivity

			Residential
			Mortgage Servicing Rights
			June 30, 2012

			(Dollars in millions)
Fair value of residential mortgage servicing rights				$	578
Composition of residential loans serviced for others:
	Fixed-rate mortgage loans				99	%
	Adjustable-rate mortgage loans				1
		Total			100	%
Weighted average life					4.0	yrs

Prepayment speed					19.3	%
	Effect on fair value of a 10% increase			$	(34)
	Effect on fair value of a 20% increase				(63)

Weighted average discount rate					10.8	%
	Effect on fair value of a 10% increase			$	(19)
	Effect on fair value of a 20% increase				(37)

Summary of Commercial Mortgage Banking Activities

		June 30		December 31
		2012		2011

		(Dollars in millions)
Unpaid principal balance of commercial real estate mortgages serviced for others		$	25,741	$	25,367
Commercial real estate mortgages serviced for others covered by recourse provisions			4,762		4,520
Maximum recourse exposure from commercial real estate mortgages
	sold with recourse liability		1,297		1,226
Recorded reserves related to recourse exposure			14		15
Originated commercial real estate mortgages during the period (1)			2,275		4,803


(1)	Originated commercial real estate mortgages for June 30, 2012 reflect six months.

- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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