Mortgage Banking Activity (Tables)

12 Months Ended

Dec. 31, 2021

Mortgage Banking [Abstract]

Schedule of Mortgage Loans Held-for-Sale

The following table summarizes activity relating to residential mortgage loans held for sale for the years ended December 31, 2021 and 2020:

Table 8.8.1

MORTGAGE LOAN ACTIVITY

(Dollars in millions)	2021		2020
Balance at beginning of period	$	409	$	4
Acquired	—		320
Originations and purchases	2,836		2,499
Sales, net of gains	(3,025)		(2,405)
Mortgage loans transferred from (to) held for investment	30		(9)
Balance at end of period	$	250	$	409

Servicing Asset at Amortized Cost

Mortgage servicing rights had the following carrying values as of the period indicated.

Table 8.8.2

MORTGAGE SERVICING RIGHTS

	December 31, 2021
(Dollars in millions)	Gross  Carrying Amount		Accumulated Amortization		Net Carrying Amount
Mortgage servicing rights	$	39	$	(9)	$	30
	December 31, 2020
(Dollars in millions)	Gross  Carrying Amount		Accumulated Amortization		Net Carrying Amount
Mortgage servicing rights	$	28	$	(3)	$	25