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Loan Servicing (Tables)

6 Months Ended

Jun. 30, 2011

Summary of Residential Mortgage Loans Managed or Securitized and Related Delinquencies and Net Charge-Offs


	June 30, 2011		December 31, 2010
	(Dollars in millions)
Mortgage loans managed or securitized (1)	$	22,963	$	23,692
Less: Loans securitized and transferred to securities available for sale		4		4
Loans held for sale		1,745		3,068
Covered mortgage loans		1,378		1,446
Mortgage loans sold with recourse		1,464		1,624

Mortgage loans held for investment	$	18,372	$	17,550

Mortgage loans on nonaccrual status (2)	$	292	$	466
Mortgage loans 90 days past due and still accruing interest (2)		90		143
Mortgage loans net charge-offs (3)		181		390

(1)	Balances exclude loans serviced for others, with no other continuing involvement.

(2)	Includes amounts related to residential mortgage loans held for sale and excludes amounts related to government guaranteed loans. Refer to Note 3 for additional disclosures related to past due government guaranteed loans.

(3)	Net charge-offs for June 30, 2011 reflect six months.

Schedule of Residential Mortgage Servicing Assets


	Residential Mortgage Servicing Rights Six Months Ended June 30,
	2011			2010
	(Dollars in millions)
Carrying value, January 1,	$	830		$	832
Additions		126			122
Increase (decrease) in fair value:
Due to changes in valuation inputs or assumptions		(20	)		(227	)
Other changes (1)		(57	)		(62	)

Carrying value, June 30,	$	879		$	665

(1)	Represents the realization of expected net servicing cash flows, expected borrower payments and the passage of time.

Schedule of Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets, or Servicing Liabilities [Text Block]


	Residential Mortgage Servicing Rights June 30, 2011
	(Dollars in millions)
Fair value of residential mortgage servicing rights	$	879
Composition of residential loans serviced for others:
Fixed-rate mortgage loans		99	%
Adjustable-rate mortgage loans		1

Total		100	%

Weighted average life		5.9	yrs

Prepayment speed		11.7	%
Effect on fair value of a 10% increase	$	(37	)
Effect on fair value of a 20% increase		(70	)

Weighted average discount rate		10.3	%
Effect on fair value of a 10% increase	$	(36	)
Effect on fair value of a 20% increase		(68	)

Schedule of Commercial Mortgage Servicing Rights


	Commercial Mortgage Servicing Rights Six Months Ended June 30,
	2011			2010
	(Dollars in millions)
Carrying value, January 1,	$	103		$	101
Additions		15			8
Amortization expense		(11	)		(9	)

Carrying value, June 30,	$	107		$	100

Schedule of Commercial Mortgage Servicing Rights Sensitivity


	Commercial Mortgage Servicing Rights June 30, 2011
	(Dollars in millions)
Fair value of commercial mortgage servicing rights	$	124
Weighted average life		7.1	yrs
Prepayment speed		0.0	%
Weighted average discount rate		12.3	%
Effect on fair value of a 10% increase	$	(4	)
Effect on fair value of a 20% increase		(8	)

- 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 subsequently measured at amortized value (including a description of where changes in carrying 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 (through purchases of servicing assets and servicing assets that result from transfers of financial assets), disposals, amortization, application of valuation allowances, other-than-temporary impairments, and other changes that affect the balance along with a description of those changes.

+ 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