Loan Sales And Securitizations (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2013 and 2012, are as follows:
		June 30, 2013									June 30, 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		$	111,076		$	172		$	2,605		$	126,085		$	215		$	2,991
Weighted average life (in years)			4.3			3.4			3.3			3.9			2.9			2.8
Annual prepayment rate			19.1	%		30.4	%		30.3	%		21.4	%		26.0	%		26.6	%
	Impact on fair value of 10% adverse change	$	(5,008)		$	(11)		$	(139)		$	(6,698)		$	(14)		$	(179)
	Impact on fair value of 20% adverse change		(9,593)			(21)			(268)			(12,792)			(26)			(344)
Annual discount rate on servicing cash flows			11.7	%		14.0	%		18.0	%		11.8	%		14.0	%		18.0	%
	Impact on fair value of 10% adverse change	$	(3,198)		$	(5)		$	(80)		$	(3,486)		$	(6)		$	(93)
	Impact on fair value of 20% adverse change		(6,200)			(9)			(155)			(6,765)			(11)			(181)
Annual cost to service (per loan) (a)		$	118		$	50		$	50		$	116		$	50		$	50
	Impact on fair value of 10% adverse change		(2,530)			(4)			(40)			(3,014)			(5)			(46)
	Impact on fair value of 20% adverse change		(5,043)			(8)			(81)			(6,007)			(10)			(91)
Annual earnings on escrow			1.4	%		-			-			1.4	%		-			-
	Impact on fair value of 10% adverse change	$	(1,064)			-			-		$	(824)			-			-
	Impact on fair value of 20% adverse change		(2,128)			-			-			(1,648)			-			-

• 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, 2013 and 2012, are as follows:
		June 30, 2013						June 30, 2012
		Excess						Excess
		Interest			Certificated			Interest			Certificated
(Dollars in thousands)		IO			PO (a)			IO			PO
Fair value of retained interests		$	10,608		$	5,264		$	14,669		$	5,667
Weighted average life (in years)			4.3			3.6			3.9			2.6
Annual prepayment rate			17.2	%		17.4	%		19.2	%		32.0	%
	Impact on fair value of 10% adverse change	$	(444)		$	(219)		$	(678)		$	(321)
	Impact on fair value of 20% adverse change		(857)			(458)			(1,304)			(673)
Annual discount rate on residual cash flows			13.1	%		NM			13.3	%		82.2	%
	Impact on fair value of 10% adverse change	$	(394)			NM		$	(548)		$	(253)
	Impact on fair value of 20% adverse change		(757)			NM			(1,053)			(482)

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 and six months ended June 30, 2013 and 2012, 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)	2013		2012		2013		2012
Proceeds from initial sales	$	-	$	46,452	$	10,843	$	100,748
Servicing fees retained (a)		12,692		15,494		25,281		33,226
Purchases of GNMA guaranteed mortgages		31,814		27,684		70,855		62,715
Purchases of previously transferred financial assets (b) (c)		79,613		75,118		224,350		141,918
Other cash flows received on retained interests		1,415		3,554		2,828		5,219

• 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.
• Six months ended June 30, 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 the three and six months ended June 30, 2013 and 2012, are as follows:
	Principal Amount of Residential Real
	Estate Loans (a) (b) (c)				Net Credit Losses (c)
	June 30				Three Months Ended June 30					Six Months Ended June 30
(Dollars in thousands)	2013		2012		2013		2012			2013	2012
Total loans managed or transferred	$	13,691,924	$	16,616,012	$	78,055	$	112,398	$	140,682	$	228,884

• 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 $4.8billion and $6.9billion of loans transferred to GSEs with any type of retained interest on June 30, 2013 and 2012, respectively.
• On June 30, 2013 and 2012, includes$.7 billionwhere the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $38.1million and $38.8million of GNMA guaranteed mortgages on June30, 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 10 - Contingencies and Other Disclosures for discussion related to repurchase obligations for loans transferred to GSEs or private investors.