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Bank Loans and Related Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Composition of Bank Loans and Delinquency Analysis by Loan Segment
The composition of bank loans and delinquency analysis by portfolio segment and class of financing receivable is as follows:
March 31, 2021Current30-59 days
past due		60-89 days
past due
>90 days past
due and other
nonaccrual loans (3)
Total past due
and other
nonaccrual loans		Total
loans		Allowance
for credit
losses		Total
bank
loans – net
Residential real estate:
First Mortgages (1,2)
$15,602 $29 $— $55 $84 $15,686 $12 $15,674 
HELOCs (1,2)
759 1 — 14 15 774 3 771 
Total residential real estate16,361 30 — 69 99 16,460 15 16,445 
Pledged asset lines8,793 2 2 — 4 8,797 — 8,797 
Other181 — — 1 1 182 3 179 
Total bank loans$25,335 $32 $2 $70 $104 $25,439 $18 $25,421 
December 31, 2020        
Residential real estate:
First Mortgages (1,2)
$14,804 $27 $1 $72 $100 $14,904 $22 $14,882 
HELOCs (1,2)
823 1 1 17 19 842 5 837 
Total residential real estate15,627 28 2 89 119 15,746 27 15,719 
Pledged asset lines7,901 10 5 — 15 7,916 — 7,916 
Other181 — — — — 181 3 178 
Total bank loans$23,709 $38 $7 $89 $134 $23,843 $30 $23,813 
(1) First Mortgages and HELOCs include unamortized premiums and discounts and direct origination costs of $72 million at March 31, 2021 and December 31, 2020.
(2) At March 31, 2021 and December 31, 2020, 46% and 45%, respectively, of the First Mortgage and HELOC portfolios were concentrated in California. These loans have performed in a manner consistent with the portfolio as a whole.
(3) There were no loans accruing interest that were contractually 90 days or more past due at March 31, 2021 or December 31, 2020.
Changes in Allowance for Credit Losses on Bank Loans
Changes in the allowance for credit losses on bank loans were as follows:
March 31, 2021March 31, 2020
Three Months EndedFirst MortgagesHELOCsTotal residential real estateOtherTotalFirst MortgagesHELOCsTotal residential real estateOtherTotal
Balance at beginning of
  period		$22 $5 $27 $3 $30 $11 $4 $15 $3 $18 
Adoption of ASU
  2016-13		— — — — — 1 — 1 — 1 
Charge-offs— — — — — — — — — — 
Recoveries— — — — — — — — — — 
Provision for credit
  losses		(10)(2)(12)— (12)9 — 9 1 10 
Balance at end of period$12 $3 $15 $3 $18 $21 $4 $25 $4 $29 
Bank Loan-related Nonperforming Assets and Troubled Debt Restructurings
A summary of bank loan-related nonperforming assets and troubled debt restructurings is as follows:
March 31, 2021December 31, 2020
Nonaccrual loans (1)
$70 $89 
Other real estate owned (2)
1 1 
Total nonperforming assets71 90 
Troubled debt restructurings— 1 
Total nonperforming assets and troubled debt restructurings$71 $91 
(1) Nonaccrual loans include nonaccrual troubled debt restructurings.
(2) Included in other assets on the condensed consolidated balance sheets.
Credit Quality Indicators of Bank Loan Portfolio
The credit quality indicators of the Company’s bank loan portfolio are detailed below:
First Mortgages Amortized Cost Basis by Origination Year
March 31, 202120212020201920182017pre-2017Total First MortgagesRevolving HELOCs amortized cost basisHELOCs converted to term loansTotal HELOCs
Origination FICO
<620$— $1 $— $— $— $1 $2 $— $— $— 
620 – 6799 30 8 1 8 25 81 — 3 3 
680 – 739274 752 285 82 156 359 1,908 72 74 146 
≥7402,264 6,714 1,979 352 690 1,696 13,695 353 272 625 
Total$2,547 $7,497 $2,272 $435 $854 $2,081 $15,686 $425 $349 $774 
Origination LTV
≤70%$2,215 $6,253 $1,782 $310 $647 $1,595 $12,802 $331 $247 $578 
>70% – ≤90%332 1,244 490 125 207 483 2,881 94 99 193 
>90% – ≤100%— — — — — 3 3 — 3 3 
Total$2,547 $7,497 $2,272 $435 $854 $2,081 $15,686 $425 $349 $774 
Weighted Average
  Updated FICO
<620$4 $9 $2 $— $2 $21 $38 $3 $9 $12 
620 – 67927 61 41 10 14 49 202 11 15 26 
680 – 739245 587 182 55 87 233 1,389 50 52 102 
≥7402,271 6,840 2,047 370 751 1,778 14,057 361 273 634 
Total$2,547 $7,497 $2,272 $435 $854 $2,081 $15,686 $425 $349 $774 
Estimated Current LTV (1)
≤70%$2,217 $6,787 $2,158 $425 $840 $2,071 $14,498 $418 $341 $759 
>70% – ≤90%330 710 114 10 14 10 1,188 7 7 14 
>90% – ≤100%— — — — — — — — 1 1 
>100%— — — — — — — — — — 
Total$2,547 $7,497 $2,272 $435 $854 $2,081 $15,686 $425 $349 $774 
Percent of Loans on
  Nonaccrual Status		0.04 %0.07 %0.28 %0.94 %0.60 %1.64 %0.35 %1.32 %2.58 %1.81 %
(1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs.

March 31, 2021BalanceWeighted Average Updated FICOPercent of Loans on Nonaccrual Status
Pledged Asset Lines
Weighted-Average LTV (1)
=70%$8,797 770 — 
(1) Represents the LTV for the full line of credit (drawn and undrawn).
First Mortgages Amortized Cost Basis by Origination Year
December 31, 20202020201920182017pre-2017Total First MortgagesRevolving HELOCs amortized cost basisHELOCs converted to term loansTotal HELOCs
Origination FICO
<620$1 $— $— $— $2 $3 $— $— $— 
620 – 67929 13 3 8 31 84 1 3 4 
680 – 739794 355 105 181 419 1,854 82 80 162 
≥7407,150 2,452 449 858 2,054 12,963 380 296 676 
Total$7,974 $2,820 $557 $1,047 $2,506 $14,904 $463 $379 $842 
Origination LTV
≤70%$6,653 $2,211 $396 $793 $1,935 $11,988 $351 $269 $620 
>70% – ≤90%1,321 609 161 254 568 2,913 112 107 219 
>90% – ≤100%— — — — 3 3 — 3 3 
Total$7,974 $2,820 $557 $1,047 $2,506 $14,904 $463 $379 $842 
Weighted Average
  Updated FICO
<620$5 $2 $1 $4 $19 $31 $3 $9 $12 
620 – 67967 34 16 21 60 198 12 20 32 
680 – 739784 252 66 121 281 1,504 58 55 113 
≥7407,118 2,532 474 901 2,146 13,171 390 295 685 
Total$7,974 $2,820 $557 $1,047 $2,506 $14,904 $463 $379 $842 
Estimated Current LTV (1)
≤70%$6,999 $2,582 $533 $1,034 $2,490 $13,638 $452 $368 $820 
>70% – ≤90%975 238 24 13 16 1,266 11 9 20 
>90% – ≤100%— — — — — — — 1 1 
>100%— — — — — — — 1 1 
Total$7,974 $2,820 $557 $1,047 $2,506 $14,904 $463 $379 $842 
Percent of Loans on
  Nonaccrual Status		0.09 %0.38 %1.02 %0.87 %1.57 %0.48 %1.37 %2.80 %2.02 %
(1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs.

December 31, 2020BalanceWeighted Average Updated FICOPercent of Loans on Nonaccrual Status
Pledged Asset Lines
Weighted-Average LTV (1)
=70%$7,916 770 — 
(1) Represents the LTV for the full line of credit (drawn and undrawn).
Converting to Amortizing Loans
The following table presents HELOCs converted to amortizing loans during each period presented:
Three Months Ended March 31,
20212020
HELOCs converted to amortizing loans$9 $11 

The following table presents when current outstanding HELOCs will convert to amortizing loans:
March 31, 2021Balance
Converted to an amortizing loan by period end$349 
Within 1 year23 
> 1 year – 3 years81 
> 3 years – 5 years83 
> 5 years238 
Total$774