Loan Sales And Securitizations (Tables)

6 Months Ended

Jun. 30, 2012

Loan Sales And Securitizations [Abstract]

Schedule Of Sensitivity Of Fair Value Of Retained Or Purchased MSR Immediate 10 Percent And 20 Percent Adverse Changes In Assumptions

The sensitivity of the fair value of all retained or purchased MSR to immediate 10 percent and 20 percent adverse changes in assumptions on June 30, 2012 and 2011 are as follows:
		June 30, 2012									June 30, 2011
			First		Second							First		Second
(Dollars in thousands except for annual cost to service)			Liens		Liens				HELOC			Liens		Liens			HELOC
Fair value of retained interests		$	126,085		$	215		$	2,991		$	183,530		$	251		$	3,177
Weighted average life (in years)			3.9			2.9			2.8			4.3			2.9			2.6
Annual prepayment rate			21.4	%		26.0	%		26.6	%		20.0	%		26.0	%		29.4	%
	Impact on fair value of 10% adverse change	$	(6,698)		$	(14)		$	(179)		$	(9,109)		$	(16)		$	(229)
	Impact on fair value of 20% adverse change		(12,792)			(26)			(344)			(17,448)			(31)			(439)
Annual discount rate on servicing cash flows			11.8	%		14.0	%		18.0	%		11.6	%		14.0	%		18.0	%
	Impact on fair value of 10% adverse change	$	(3,486)		$	(6)		$	(93)		$	(5,304)		$	(7)		$	(96)
	Impact on fair value of 20% adverse change		(6,765)			(11)			(181)			(10,273)			(14)			(187)
Annual cost to service (per loan) (a)		$	116		$	50		$	50		$	118		$	50		$	50
	Impact on fair value of 10% adverse change		(3,014)			(5)			(46)			(3,830)			(6)			(51)
	Impact on fair value of 20% adverse change		(6,007)			(10)			(91)			(7,633)			(11)			(101)
Annual earnings on escrow			1.4	%		0.0			0.0			1.4	%		-			-
	Impact on fair value of 10% adverse change	$	(824)			-			-		$	(1,727)			-			-
	Impact on fair value of 20% adverse change		(1,648)			-			-			(3,454)			-			-

• Amounts represent market participant based assumptions.

Schedule Of Sensitivity Of Fair Value Of Other Retained Interests To Immediate 10 Percent And 20 Percent Adverse Changes Assumptions

The sensitivity of the fair value of other retained interests to immediate 10 percent and 20 percent adverse changes in assumptions on June 30, 2012 and 2011, are as follows:
		June 30, 2012						June 30, 2011
		Excess						Excess
		Interest			Certificated			Interest			Certificated
(Dollars in thousands)		IO			PO			IO			PO
Fair value of retained interests		$	14,669		$	5,667		$	22,643		$	8,775
Weighted average life (in years)			3.9			2.6			4.5			4.9
Annual prepayment rate			19.2	%		32.0	%		17.1	%		25.6	%
	Impact on fair value of 10% adverse change	$	(678)		$	(321)		$	(978)		$	(303)
	Impact on fair value of 20% adverse change		(1,304)			(673)			(1,893)			(594)
Annual discount rate on residual cash flows			13.3	%		82.2	%		13.1	%		18.7	%
	Impact on fair value of 10% adverse change	$	(548)		$	(253)		$	(926)		$	(439)
	Impact on fair value of 20% adverse change		(1,053)			(482)			(1,773)			(872)

Schedule Of Cash Flows Related To Loan Sales And Securitizations

For the three and six months ended June 30, 2012 and 2011, cash flows received and paid related to loan sales and securitizations were as follows:
		Three Months Ended				Six Months Ended
		June 30				June 30
(Dollars in thousands)	2012		2011		2012		2011
Proceeds from initial sales	$	46,452	$	54,621	$	100,748	$	193,823
Servicing fees retained (a)		15,494		19,843		33,226		41,335
Purchases of GNMA guaranteed mortgages		27,684		15,704		62,715		37,911
Purchases of previously transferred financial assets (b)		75,118		88,444		141,918		141,636
Other cash flows received on retained interests		3,554		1,859		5,219		4,062

• Includes servicing fees on MSR associated with loan sales and purchased MSR.
• Includes repurchases of both delinquent and performing loans, foreclosed assets, and make-whole payments for economic losses incurred by purchaser.Also includes buyouts from GSEs in order to facilitate foreclosures.

Schedule Of Principal Amount Of Delinquent Loans, And Net Credit Losses

The principal amount of loans transferred through loan sales and securitizations and other loans managed with them, the principal amount delinquent loans, and the net credit losses during the three and six months ended June 30, 2012 and 2011 are as follows:
	Principal Amount of Residential Real
	Estate Loans (a) (b) (c)				Net Credit Losses (c)
	On June 30				Three Months Ended June 30				Six Months Ended June 30
(Dollars in thousands)	2012		2011		2012		2011		2012		2011
Total loans managed or transferred	$	16,616,012	$	19,703,040	$	112,398	$	127,649	$	228,884	$	255,998

• Amounts represent real estate residential loans in FHN's portfolio, held-for-sale, and loans that have been transferred in proprietary securitizations and whole loan sales in which FHN has a retained interest other than servicing rights. Also includes $6.9 billion and $8.9 billion of loans transferred to GSEs with any type of retained interest on June 30, 2012 and 2011, respectively.
• On June 30, 2012 and 2011, includes $.7 billion and $.9 billion, respectively, where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $38.8 million and $39.9 million of GNMA guaranteed mortgages on June 30, 2012 and 2011, respectively.
• No delinquency or net credit loss data is provided for the loans transferred to FNMA or FHLMC because these agencies retain credit risk. See Note 9 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.