Mortgage Banking Activity (Tables)

12 Months Ended

Dec. 31, 2023

Mortgage Banking [Abstract]

Schedule of Residential Mortgage Loans Held For Sale

The following table summarizes activity relating to residential mortgage loans held for sale for the years ended December 31, 2023, 2022, and 2021:

Table 8.7.1

MORTGAGE LOAN ACTIVITY

(Dollars in millions)	2023		2022		2021
Balance at beginning of period	$	44	$	250	$	409
Originations and purchases	692		1,275		2,836
Sales, net of gains	(674)		(1,481)		(3,025)
Mortgage loans transferred from (to) held for investment	—		—		30
Balance at end of period	$	62	$	44	$	250

Schedule of Mortgage Servicing Rights

Mortgage servicing rights had the following carrying values as of the periods indicated in the table below.

Table 8.7.2

MORTGAGE SERVICING RIGHTS

	December 31, 2023
(Dollars in millions)	Gross  Carrying Amount		Accumulated Amortization		Net Carrying Amount
Mortgage servicing rights	$	25	$	(7)	$	18
	December 31, 2022
(Dollars in millions)	Gross  Carrying Amount		Accumulated Amortization		Net Carrying Amount
Mortgage servicing rights	$	21	$	(5)	$	16