Loan Sales And Securitizations (Tables)

9 Months Ended

Sep. 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 September 30, 2013 and 2012, are as follows:
		September 30, 2013									September 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		$	114,017		$	166		$	2,503		$	117,440		$	205		$	2,892
Weighted average life (in years)			4.4			3.5			3.4			4.0			2.9			2.9
Annual prepayment rate			18.7	%		31.4	%		31.7	%		21.2	%		26.0	%		26.7	%
	Impact on fair value of 10% adverse change	$	(5,572)		$	(10)		$	(130)		$	(6,261)		$	(13)		$	(355)
	Impact on fair value of 20% adverse change		(10,637)			(20)			(250)			(11,953)			(25)			(683)
Annual discount rate on servicing cash flows			8.4	%		14.0	%		18.0	%		11.8	%		14.0	%		18.0	%
	Impact on fair value of 10% adverse change	$	(2,675)		$	(4)		$	(76)		$	(3,253)		$	(6)		$	(191)
	Impact on fair value of 20% adverse change		(5,221)			(9)			(148)			(6,314)			(11)			(370)
Annual cost to service (per loan) (a)		$	119		$	50		$	50		$	116		$	50		$	50
	Impact on fair value of 10% adverse change		(2,684)			(4)			(39)			(2,822)			(5)			(96)
	Impact on fair value of 20% adverse change		(5,352)			(8)			(78)			(5,625)			(9)			(193)
Annual earnings on escrow			1.4	%		-			-			1.4	%		-			-
	Impact on fair value of 10% adverse change	$	(1,152)			-			-		$	(631)			-			-
	Impact on fair value of 20% adverse change		(2,304)			-			-			(1,263)			-			-

• 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 September 30, 2013 and 2012, are as follows:
		September 30, 2013						September 30, 2012
		Excess						Excess
		Interest			Certificated			Interest			Certificated
(Dollars in thousands)		IO			PO			IO			PO
Fair value of retained interests		$	10,618		$	5,096		$	13,739		$	5,462
Weighted average life (in years)			4.4			1.9			3.9			1.9
Annual prepayment rate			16.8	%		41.9	%		19.1	%		49.5	%
	Impact on fair value of 10% adverse change	$	(476)		$	(225)		$	(618)		$	(304)
	Impact on fair value of 20% adverse change		(915)			(474)			(1,189)			(640)
Annual discount rate on residual cash flows			9.5	%		NM			13.3	%		NM
	Impact on fair value of 10% adverse change	$	(343)			NM		$	(504)			NM
	Impact on fair value of 20% adverse change		(660)			NM			(968)			NM

NM - Not meaningful

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

For the three and nine months ended September 30, 2013 and 2012, cash flows received and paid related to loan sales and securitizations were as follows:
	Three Months Ended				Nine Months Ended
	September 30				September 30
(Dollars in thousands)	2013		2012		2013		2012
Proceeds from initial sales	$	-	$	77,297	$	10,843	$	178,045
Servicing fees retained (a)		11,261		14,262		36,542		47,488
Purchases of GNMA guaranteed mortgages		17,797		22,434		88,652		85,149
Purchases of previously transferred financial assets (b) (c)		41,916		191,318		266,266		333,236
Other cash flows received on retained interests		1,260		1,696		4,088		6,915

• 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.
• Nine months ended September 30, 2013, and three and nine months ended September 30, 2012, includes $74.7 million and $99.3 million, respectively, 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 nine months ended September 30, 2013 and 2012, are as follows:
	Principal Amount of Residential Real
	Estate Loans (a) (b) (c)				Net Credit Losses (c)
	September 30				Three Months Ended September 30					Nine Months Ended September 30
(Dollars in thousands)	2013		2012		2013		2012			2013	2012
Total loans managed or transferred	$	13,016,536	$	15,889,548	$	47,832	$	123,586	$	185,443	$	345,064
Certain previously reported amounts have been reclassified to agree with current presentation.

• 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 $4.4billion and $6.3billion of loans transferred to GSEs with any type of retained interest on September 30, 2013 and 2012, respectively.
• On September 30, 2013 and 2012, includes$.7billion where the principal amount is 90 days or more past due or nonaccrual. Included in these amounts are $41.9million and $35.4million of GNMA guaranteed mortgages on September30, 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.