Annual report pursuant to Section 13 and 15(d)

Mortgage Servicing Rights (Details)

v2.4.0.8
Mortgage Servicing Rights (Details) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Activity for Residential First Mortgage MSRs    
Balance, January 1 $ 5,716,000,000 $ 7,378,000,000
Additions 472,000,000 374,000,000
Sales (2,044,000,000) (122,000,000)
Amortization of expected cash flows (1,043,000,000) [1] (1,484,000,000) [1]
Impact Of Changes In Interest Rates And Other Market Factors 1,524,000,000 [2] (867,000,000) [2]
Model And Other Cash Flow Assumption Changes:    
Projected Cash Flows, Primarily Due to (Increases) Decreases in Cost to Service Loans (27,000,000) [3] 443,000,000 [3]
Impact of Changes in the Home Price Index (398,000,000) [3] (112,000,000) [3]
Impact of Changes in the Prepayment Model 609,000,000 [3] 435,000,000 [3]
Other Model Changes 233,000,000 [3],[4] (329,000,000) [3],[4]
Balance, December 31 5,042,000,000 5,716,000,000
Mortgage Loans Serviced For Investors (in billions) 550,000,000,000 1,045,000,000,000
Option adjusted spread due to MSR model recalibration   497,000,000
Commercial and Residential Reverse Mortgage [Member]
    
Servicing Assets at Fair Value [Line Items]    
Servicing Asset at Amortized Cost $ 10,000,000 $ 135,000,000
[1] Represents the net change in fair value of the MSR asset due to the recognition of modeled cash flows.
[2] These amounts reflect the changes in modeled MSR fair value primarily due to observed changes in interest rates, volatility, spreads and the shape of the forward swap curve.
[3] These amounts reflect periodic adjustments to the valuation model to reflect changes in the modeled relationship between inputs and their impact on projected cash flows as well as changes in certain cash flow assumptions such as cost to service and ancillary income per loan.
[4] These amounts include the impact of periodic recalibrations of the model to reflect changes in the relationship between market interest rate spreads and projected cash flows. Also included is a decrease of $497 million for 2012 due to changes in OAS rate inputs.