Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	September 30, 2015		December 31, 2014
	(in millions)
Mortgage servicing rights	$	130	$	159
Purchased credit card relationships	42		47
Total intangible assets	$	172	$	206

Fair Value of Residential MSRs

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

	September 30, 2015		December 31, 2014
Annualized constant prepayment rate ("CPR")	16.5	%	15.9	%
Constant discount rate	13.5	%	14.1	%
Weighted average life (in years)	4.0		4.1

Residential MSRs Activity

The following table summarizes MSRs activity:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in millions)
Fair value of MSRs:
Beginning balance	$	158		$	186		$	159		$	227
Changes in fair value due to changes in valuation model inputs or assumptions	(21		)	2			(13		)	(22		)
Reductions related to customer payments	(7		)	(6		)	(16		)	(23		)
Ending balance	$	130		$	182		$	130		$	182