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Transfers of financial assets and servicing assets (Tables)

6 Months Ended

Jun. 30, 2012

Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]

		Proceeds Obtained During the Quarter Ended June 30, 2012
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	204,636		-	$	204,636
Mortgage-backed securities - FNMA		-		71,450		-		71,450
Total trading account securities		-	$	276,086		-	$	276,086
Mortgage servicing rights		-		-	$	3,788	$	3,788
Total		-	$	276,086	$	3,788	$	279,874

		Proceeds Obtained During the Six Months Ended June 30, 2012
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	394,815		-	$	394,815
Mortgage-backed securities - FNMA		-		130,985		-		130,985
Total trading account securities		-	$	525,800		-	$	525,800
Mortgage servicing rights		-		-	$	7,021	$	7,021
Total		-	$	525,800	$	7,021	$	532,821

		Proceeds Obtained During the Quarter Ended June 30, 2011
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	217,296		-	$	217,296
Mortgage-backed securities - FNMA		-		48,229		-		48,229
Total trading account securities		-	$	265,525		-	$	265,525
Mortgage servicing rights		-		-	$	4,890	$	4,890
Total		-	$	265,525	$	4,890	$	270,415

		Proceeds Obtained During the Six Months Ended June 30, 2011
(In thousands)	Level 1		Level 2		Level 3		Initial Fair Value
Assets
Trading account securities:
Mortgage-backed securities - GNMA		-	$	472,870	$	-	$	472,870
Mortgage-backed securities - FNMA		-		121,247		-		121,247
Total trading account securities		-	$	594,117	$	-	$	594,117
Mortgage servicing rights		-		-	$	10,839	$	10,839
Total		-	$	594,117	$	10,839	$	604,956

Schedule Of Servicing Assets At Fair Value Text Block

Residential MSRs
(In thousands)	June 30, 2012		June 30, 2011
Fair value at beginning of period	$	151,323	$	166,907
Purchases		1,018		860
Servicing from securitizations or asset transfers		8,206		11,292
Changes due to payments on loans^[1]		(8,950)		(6,577)
Reduction due to loan repurchases		(1,360)		(1,820)
Changes in fair value due to changes in valuation model inputs or assumptions		5,519		(7,852)
Other disposals		(45)		(191)
Fair value at end of period	$	155,711	$	162,619
[1] Represents the change due to collection / realization of expected cash flow over time.

Originated Mortgage Servicing Rights M S R [Member]

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

	Originated MSRs

(In thousands)		June 30, 2012			December 31, 2011			June 30, 2011
Fair value of servicing rights		$	104,627		$	99,280		$	102,427
Weighted average life			11.9	years		13.0	years		11.7	years
Weighted average prepayment speed (annual rate)			8.4	%		7.7	%		8.6	%
	Impact on fair value of 10% adverse change	$	(3,309)		$	(2,744)		$	(3,671)
	Impact on fair value of 20% adverse change	$	(6,570)		$	(5,800)		$	(7,113)
Weighted average discount rate (annual rate)			12.5	%		12.6	%		12.6	%
	Impact on fair value of 10% adverse change	$	(4,513)		$	(3,913)		$	(4,541)
	Impact on fair value of 20% adverse change	$	(8,780)		$	(7,948)		$	(8,690)

Purchased Mortgage Servicing Rights M S R [Member]

Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets

	Purchased MSRs

(In thousands)		June 30, 2012			December 31, 2011			June 30, 2011
Fair value of servicing rights		$	51,084		$	52,043		$	60,192
Weighted average life			12.7	years		14.6	years		11.7	years
Weighted average prepayment speed (annual rate)			7.9	%		6.9	%		8.6	%
	Impact on fair value of 10% adverse change	$	(1,956)		$	(1,887)		$	(2,502)
	Impact on fair value of 20% adverse change	$	(3,435)		$	(3,303)		$	(4,417)
Weighted average discount rate (annual rate)			11.4	%		11.4	%		11.5	%
	Impact on fair value of 10% adverse change	$	(2,312)		$	(2,376)		$	(2,789)
	Impact on fair value of 20% adverse change	$	(4,090)		$	(4,214)		$	(4,935)

- Definition

Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test.

+ References+ Details

- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ References+ Details