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Bank Loans and Related Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 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:
June 30, 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)
$17,514 $22 $3 $39 $64 $17,578 $8 $17,570 
HELOCs (1,2)
711 1 — 14 15 726 2 724 
Total residential real estate18,225 23 3 53 79 18,304 10 18,294 
Pledged asset lines10,409 3 3 — 6 10,415 — 10,415 
Other189 — — — — 189 3 186 
Total bank loans$28,823 $26 $6 $53 $85 $28,908 $13 $28,895 
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 $79 million and $72 million at June 30, 2021 and December 31, 2020, respectively.
(2) At June 30, 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 June 30, 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:
June 30, 2021June 30, 2020
Three Months EndedFirst MortgagesHELOCsTotal residential real estateOtherTotalFirst MortgagesHELOCsTotal residential real estateOtherTotal
Balance at beginning of
  period		$12 $3 $15 $3 $18 $21 $4 $25 $4 $29 
Recoveries— — — — — 1 — 1 — 1 
Provision for credit
  losses		(4)(1)(5)— (5)— — — — — 
Balance at end of period$8 $2 $10 $3 $13 $22 $4 $26 $4 $30 
June 30, 2021June 30, 2020
Six Months EndedFirst MortgagesHELOCsTotal residential real estateOtherTotal First MortgagesHELOCsTotal residential real estateOther
Total
Balance at beginning of
  period		$22 $5 $27 $3 $30 $11 $4 $15 $3 $18 
Adoption of ASU
  2016-13		— — — — — 1 — 1 — 1 
Recoveries— — — — — 1 — 1 — 1 
Provision for credit
  losses		(14)(3)(17)— (17)9 — 9 1 10 
Balance at end of period$8 $2 $10 $3 $13 $22 $4 $26 $4 $30 
Bank Loan-related Nonperforming Assets and Troubled Debt Restructurings
A summary of bank loan-related nonperforming assets and troubled debt restructurings is as follows:
June 30, 2021December 31, 2020
Nonaccrual loans (1)
$53 $89 
Other real estate owned (2)
1 1 
Total nonperforming assets54 90 
Troubled debt restructurings— 1 
Total nonperforming assets and troubled debt restructurings$54 $91 
(1) Nonaccrual loans include nonaccrual troubled debt restructurings.
(2) Included in other assets on the condensed consolidated balance sheets.
Credit Quality Indicators of Bank Loan Portfolio
The credit quality indicators of the Company’s bank loan portfolio are detailed below:
First Mortgages Amortized Cost Basis by Origination Year
June 30, 202120212020201920182017pre-2017Total First MortgagesRevolving HELOCs amortized cost basisHELOCs converted to term loansTotal HELOCs
Origination FICO
<620$— $1 $— $— $— $1 $2 $— $— $— 
620 – 67915 29 7 1 8 22 82 — 3 3 
680 – 739660 678 228 60 124 300 2,050 70 68 138 
≥7405,774 5,919 1,563 274 533 1,381 15,444 333 252 585 
Total$6,449 $6,627 $1,798 $335 $665 $1,704 $17,578 $403 $323 $726 
Origination LTV
≤70%$5,556 $5,524 $1,409 $245 $507 $1,291 $14,532 $321 $229 $550 
>70% – ≤90%893 1,103 389 90 158 410 3,043 82 91 173 
>90% – ≤100%— — — — — 3 3 — 3 3 
Total$6,449 $6,627 $1,798 $335 $665 $1,704 $17,578 $403 $323 $726 
Weighted Average
  Updated FICO
<620$6 $3 $3 $1 $4 $16 $33 $3 $7 $10 
620 – 67949 78 27 8 13 45 220 10 16 26 
680 – 739630 524 172 40 80 207 1,653 50 46 96 
≥7405,764 6,022 1,596 286 568 1,436 15,672 340 254 594 
Total$6,449 $6,627 $1,798 $335 $665 $1,704 $17,578 $403 $323 $726 
Estimated Current LTV (1)
≤70%$5,731 $6,388 $1,768 $331 $658 $1,698 $16,574 $400 $319 $719 
>70% – ≤90%718 239 30 4 7 6 1,004 3 4 7 
>90% – ≤100%— — — — — — — — — — 
>100%— — — — — — — — — — 
Total$6,449 $6,627 $1,798 $335 $665 $1,704 $17,578 $403 $323 $726 
Percent of Loans on
  Nonaccrual Status		0.03 %0.09 %0.14 %0.65 %0.51 %1.38 %0.22 %1.38 %2.55 %1.93 %
(1) Represents the LTV for the full line of credit (drawn and undrawn) for revolving HELOCs.

June 30, 2021BalanceWeighted Average Updated FICOPercent of Loans on Nonaccrual Status
Pledged Asset Lines
Weighted-Average LTV (1)
=70%$10,415 770 — 
(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
June 30,		Six Months Ended
June 30,
2021202020212020
HELOCs converted to amortizing loans$7 $8 $14 $18 

The following table presents when current outstanding HELOCs will convert to amortizing loans:
June 30, 2021Balance
Converted to an amortizing loan by period end$323 
Within 1 year16 
> 1 year – 3 years82 
> 3 years – 5 years76 
> 5 years229 
Total$726