Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

At December 31,	2014		2013
	(in millions)
Mortgage servicing rights:
Residential	$	159	$	227
Commercial	—		10
Total mortgage servicing rights	159		237
Purchased credit card relationships	47		54
Favorable lease agreements	—		4
Total intangible assets	$	206	$	295

Fair Value of Residential MSRs

The following table summarizes the critical assumptions used to calculate the fair value of residential MSRs:

At December 31,	2014		2013
Annualized constant prepayment rate ("CPR")	15.9	%	11.3	%
Constant discount rate	14.1	%	12.7	%
Weighted average life (in years)	4.1		5.3

Residential MSRs Activity

The following table summarizes residential MSRs activity:

Year Ended December 31,	2014			2013
	(in millions)
Fair value of MSRs:
Beginning balance	$	227		$	168
Additions related to loan sales	—			14
Changes in fair value due to changes in valuation model inputs or assumptions	(38		)	88
Reductions related to customer payments	(30		)	(43		)
Ending balance	$	159		$	227