Mortgage Servicing Assets (Tables)

9 Months Ended

Sep. 30, 2013

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Changes in Carrying Amount of Mortgage Servicing Assets

Changes in the carrying amount of mortgage servicing assets are summarized as follows:

	Nine months ended September 30,
in millions	2013			2012
Balance at beginning of period	$	204		$	173
Servicing retained from loan sales		31			30
Purchases		144	(a)		31
Amortization		(48	)		(46	)
Balance at end of period	$	331		$	188
Fair value at end of period	$	388		$	237

(a) Amount includes $118 million in mortgage servicing assets that were acquired during the second and third quarters of 2013. See Note 11 (“Acquisitions and Discontinued Operations”) for further details regarding this acquisition.

Schedule of Range and Weighted-Average of Significant Unobservable Inputs

The range and weighted-average of the significant unobservable inputs used to fair value our mortgage servicing assets during the third quarter of 2013 and 2012, along with the valuation techniques, are shown in the following table:

September 30, 2013		Significant	Range
dollars in millions	Valuation Technique	Unobservable Input	(Weighted-Average)
Mortgage servicing assets	Discounted cash flow	Prepayment speed	0.00 - 25.00% (6.20%)
		Expected defaults	1.10 - 3.00% (2.10%)
		Residual cash flows discount rate	7.00 - 15.00% (8.00%)
		Value assigned to escrow funds	0.35 - 3.58% (1.90%)
		Servicing cost	150 - 9,296 (1,039)
		Loan assumption rate	0.00 - 3.00% (1.54%)
		Percentage late	0.00 - 2.00% (0.33%)

September 30, 2012		Significant	Range
dollars in millions	Valuation Technique	Unobservable Input	(Weighted-Average)
Mortgage servicing assets	Discounted cash flow	Prepayment speed	0.00 - 25.00% (10.40%)
		Expected defaults	1.00 - 3.00% (2.40%)
		Residual cash flows discount rate	7.00 - 15.00% (9.20%)
		Value assigned to escrow funds	0.27 - 2.78% (1.50%)
		Servicing cost	950 - 20,200 (2,582)
		Loan assumption rate	0.00 - 3.00% (2.24%)
		Percentage late	0.00 - 2.00% (0.22%)