Loan Sales And Securitizations (Tables)

3 Months Ended

Mar. 31, 2013

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 March 31, 2013 and 2012 are as follows:
		March 31, 2013									March 31, 2012
(Dollars in thousands except for annual cost to service)			First Liens		Second Liens				HELOC			First Liens		Second Liens			HELOC
Fair value of retained interests		$	106,191		$	193		$	2,718		$	139,676		$	222		$	3,058
Weighted average life (in years)			4.0			3.1			3.1			4.0			2.9			2.8
Annual prepayment rate			20.7	%		28.5	%		28.9	%		20.8	%		26.0	%		27.5	%
	Impact on fair value of 10% adverse change	$	(5,343)		$	(12)		$	(149)		$	(7,218)		$	(14)		$	(190)
	Impact on fair value of 20% adverse change		(10,210)			(24)			(287)			(13,794)			(27)			(365)
Annual discount rate on servicing cash flows			11.8	%		14.0	%		18.0	%		11.8	%		14.0	%		18.0	%
	Impact on fair value of 10% adverse change	$	(2,945)		$	(5)		$	(84)		$	(3,939)		$	(6)		$	(95)
	Impact on fair value of 20% adverse change		(5,715)			(10)			(163)			(7,638)			(12)			(184)
Annual cost to service (per loan) (a)		$	118		$	50		$	50		$	116		$	50		$	50
	Impact on fair value of 10% adverse change		(2,597)			(4)			(42)			(3,303)			(5)			(49)
	Impact on fair value of 20% adverse change		(5,177)			(9)			(84)			(6,585)			(10)			(98)
Annual earnings on escrow			1.4	%		-			-			1.4	%		-			-
	Impact on fair value of 10% adverse change	$	(686)			-			-		$	(1,127)			-			-
	Impact on fair value of 20% adverse change		(1,372)			-			-			(2,255)			-			-

• 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 March 31, 2013 and 2012, are as follows:
		March 31, 2013						March 31, 2012
		Excess						Excess
		Interest			Certificated			Interest			Certificated
(Dollars in thousands)		IO			PO (a)			IO			PO
Fair value of retained interests		$	11,161		$	5,293		$	17,124		$	7,229
Weighted average life (in years)			3.9			2.5			4.0			3.2
Annual prepayment rate			18.9	%		31.8	%		18.6	%		24.7	%
	Impact on fair value of 10% adverse change	$	(501)		$	(239)		$	(758)		$	(315)
	Impact on fair value of 20% adverse change		(965)			(503)			(1,462)			(661)
Annual discount rate on residual cash flows			13.3	%		NM			13.4	%		19.1	%
	Impact on fair value of 10% adverse change	$	(400)			NM		$	(675)		$	(245)
	Impact on fair value of 20% adverse change		(769)			NM			(1,294)			(470)

NM - Not meaningful

(a)       In the second half of 2012, FHN changed the method used to estimate the fair value for certified PO due to more limited market information for these securities.

Schedule Of Cash Flows Related To Loan Sales And Securitizations [TableTextBlock]

For the three months ended March 31, 2013 and 2012, cash flows received and paid related to loan sales and securitizations were as follows:
	Three Months Ended
	March 31
(Dollars in thousands)	2013		2012
Proceeds from initial sales	$	10,843	$	54,296
Servicing fees retained (a)		12,589		17,732
Purchases of GNMA guaranteed mortgages		39,041		35,031
Purchases of previously transferred financial assets (b) ( c)		144,737		66,799
Other cash flows received on retained interests		1,413		1,664

• Includes servicing fees on MSR associated with loan sales and purchased MSR.
• Includes repurchases of 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.
• First quarter 2013 includes $74.7 million of cash paid related to clean-up calls exercised by FHN.

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 of delinquent loans, and the net credit losses during first quarters 2013 and 2012 are as follows:
	Principal Amount of Residential Real
	Estate Loans (a) (b) (c)				Net Credit Losses (c)
	March 31				Three Months Ended March 31
(Dollars in thousands)	2013		2012		2013		2012
Total loans managed or transferred	$	14,403,257	$	17,396,233	$	62,627	$	116,486

• 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 $5.3billion and $7.5billion of loans transferred to GSEs with any type of retained interest on March 31, 2013 and 2012, respectively.
• On March 31, 2013 and 2012, includes $.7billion and $.8 billion, respectively, where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $40.5million and $40.0million of GNMA guaranteed mortgages on March31, 2013 and 2012, 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.