Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	June 30, 2015		December 31, 2014
	(in millions)
Mortgage servicing rights	$	158	$	159
Purchased credit card relationships	44		47
Total intangible assets	$	202	$	206

Fair Value of Residential MSRs

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

	June 30, 2015		December 31, 2014
Annualized constant prepayment rate ("CPR")	14.2	%	15.9	%
Constant discount rate	13.1	%	14.1	%
Weighted average life (in years)	4.5		4.1

Residential MSRs Activity

The following table summarizes MSRs activity:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)
Fair value of MSRs:
Beginning balance	$	140		$	205		$	159		$	227
Changes in fair value due to changes in valuation model inputs or assumptions	19			(12		)	8			(24		)
Reductions related to customer payments	(1		)	(7		)	(9		)	(17		)
Ending balance	$	158		$	186		$	158		$	186