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MSR (Changes in the Servicing Assets) (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
[1]
Servicing Assets at Fair Value        
Carrying amount before valuation allowance as of the beginning of the period     $ 1,204  
Servicing rights that result from the transfer of residential mortgage loans     55  
Amortization $ (35)   (96)  
Carrying amount before valuation allowance 1,163   1,163  
Valuation allowance for servicing rights:        
Beginning balance     (419)  
(Provision for) recovery of MSR impairment     (125)  
Ending balance (544)   (544)  
Carrying amount as of the end of the period $ 619 $ 848 [1] $ 619 $ 744
Fair value at beginning of period   744    
Servicing rights originated   99    
Servicing rights acquired   109    
Changes in fair value due to changes in inputs or assumptions [2]   (15)    
Changes in fair value due to other changes in fair value [3]   (89)    
Fair value at end of period   $ 848    
[1]

Effective January 1, 2017, the Bancorp has elected the fair value measurement method for all existing classes of its residential mortgage servicing rights. Th e servicing rights were measured at fair value at September 30, 2017 and were measured under the amortization method at December 31, 2016. For further information refer to Note 12 .

[2]

Primarily reflects changes in prepayment speed and OAS spread assumptions which are updated based on market interest rates

[3]

Pr imarily reflects changes due to collection of contractual cash flows and the passage of time