Quarterly report pursuant to Section 13 or 15(d)

Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details)

v2.4.0.8
Securitizations and Other Variable Interest Entities - First Lien Mortgages VIE (Details) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
On Balance Sheet Assets [Abstract]        
Loans and leases $ 916,217,000,000 $ 928,233,000,000    
Allowance for loan and lease losses (16,618,000,000) (17,428,000,000) (22,441,000,000) (24,179,000,000)
All other Assets 121,821,000,000 124,090,000,000    
Total assets 2,149,851,000,000 [1] 2,102,273,000,000 [1] 2,174,819,000,000 [1]  
On Balance Sheet Liabilities [Abstract]        
Long-term debt 254,785,000,000 249,674,000,000    
Total liabilities 1,917,963,000,000 1,869,588,000,000    
In Text Details [Abstract]        
Unpaid principal balance of mortgage loans eligible for repurchase 1,200,000,000 1,600,000,000    
Principal amount that would be payable to the securitization vehicles 1,200,000,000 (1,600,000,000)    
Unconsolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 17,298,000,000 [2] 21,140,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 0    
All other Assets 998,000,000 [3] 1,039,000,000 [3]    
Total assets 17,298,000,000 21,140,000,000    
Principal balance outstanding 430,508,000,000 [4] 437,765,000,000 [4]    
Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 1,464,000,000 [2] 1,527,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 28,000,000 13,000,000    
All other Assets 63,000,000 [3] 71,000,000 [3]    
Total assets 1,036,000,000 1,087,000,000    
Principal balance outstanding 24,273,000,000 [4] 25,104,000,000 [4]    
Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 585,000,000 [2] 591,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 0    
All other Assets 1,000,000 [3] 1,000,000 [3]    
Total assets 234,000,000 236,000,000    
Principal balance outstanding 36,916,000,000 [4] 36,854,000,000 [4]    
Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 435,000,000 [2] 437,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 0 0    
All other Assets 294,000,000 [3] 325,000,000 [3]    
Total assets 435,000,000 437,000,000    
Principal balance outstanding 55,293,000,000 [4] 56,454,000,000 [4]    
Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 220,000,000 [2] 432,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Residual interests held 31,000,000 16,000,000    
All other Assets 0 [3] 0 [3]    
Total assets 191,000,000 402,000,000    
Principal balance outstanding 18,341,000,000 [4] 19,730,000,000 [4]    
Consolidated VIEs [Member]
        
On Balance Sheet Assets [Abstract]        
Loans and leases 104,556,000,000 109,118,000,000    
Allowance for loan and lease losses (2,614,000,000) (2,674,000,000)    
All other Assets 3,970,000,000 4,577,000,000    
Total assets 115,281,000,000 121,002,000,000    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 18,338,000,000 19,448,000,000    
All other Liabilities 179,000,000 253,000,000    
Total liabilities 19,693,000,000 20,851,000,000    
Consolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 40,801,000,000 [2] 42,420,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 757,000,000 1,640,000,000    
Loans and leases 39,590,000,000 40,316,000,000    
Allowance for loan and lease losses (2,000,000) (3,000,000)    
All other Assets 465,000,000 474,000,000    
Total assets 40,810,000,000 42,427,000,000    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 9,000,000 7,000,000    
All other Liabilities 0 0    
Total liabilities 9,000,000 7,000,000    
Consolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 78,000,000 [2] 79,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 137,000,000 140,000,000    
Allowance for loan and lease losses 0 0    
All other Assets 0 0    
Total assets 137,000,000 140,000,000    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 59,000,000 61,000,000    
All other Liabilities 0 0    
Total liabilities 59,000,000 61,000,000    
Consolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 183,000,000 [2] 183,000,000 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 801,000,000 803,000,000    
Allowance for loan and lease losses 0 0    
All other Assets 10,000,000 7,000,000    
Total assets 811,000,000 810,000,000    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 804,000,000 803,000,000    
All other Liabilities 7,000,000 7,000,000    
Total liabilities 811,000,000 810,000,000    
Consolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 0 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 0 0    
Allowance for loan and lease losses 0 0    
All other Assets 0 0    
Total assets 0 0    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 0 0    
All other Liabilities 0 0    
Total liabilities 0 0    
Consolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
Variable Interest Entity [Line Items]        
Maximum loss exposure 0 [2] 0 [2]    
On Balance Sheet Assets [Abstract]        
Trading account assets 0 0    
Loans and leases 0 0    
Allowance for loan and lease losses 0 0    
All other Assets 0 0    
Total assets 0 0    
On Balance Sheet Liabilities [Abstract]        
Long-term debt 0 0    
All other Liabilities 0 0    
Total liabilities 0 0    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 661,000,000 [5] 650,000,000 [5]    
Debt securities carried at fair value 15,639,000,000 [5] 19,451,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 931,000,000 [5] 988,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 7,000,000 [5] 1,000,000 [5]    
Debt securities carried at fair value 220,000,000 [5] 220,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 28,000,000 [5] 3,000,000 [5]    
Debt securities carried at fair value 112,000,000 [5] 109,000,000 [5]    
Senior Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 5,000,000 [5] 14,000,000 [5]    
Debt securities carried at fair value 91,000,000 [5] 306,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Agency MBS [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 0 [5] 0 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Prime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 0 [5]    
Debt securities carried at fair value 14,000,000 [5] 15,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Subprime Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 0 [5] 8,000,000 [5]    
Debt securities carried at fair value 6,000,000 [5] 6,000,000 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Alt-A Loan [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 1,000,000 [5] 0 [5]    
Debt securities carried at fair value 0 [5] 0 [5]    
Subordinate Securities [Member] | Unconsolidated VIEs [Member] | Commercial Mortgage Backed Securities [Member] | First Lien Mortgages [Member]
        
On Balance Sheet Assets [Abstract]        
Trading account assets 12,000,000 [5] 13,000,000 [5]    
Debt securities carried at fair value $ 52,000,000 [5] $ 53,000,000 [5]    
[1] There were no material intersegment revenues.
[2] Maximum loss exposure excludes the liability for representations and warranties obligations and corporate guarantees and also excludes servicing advances and other servicing rights and obligations. For additional information, see Note 7 – Representations and Warranties Obligations and Corporate Guarantees and Note 17 – Mortgage Servicing Rights.
[3] Not included in the table above are all other assets of $1.2 billion and $1.6 billion, representing the unpaid principal balance of mortgage loans eligible for repurchase from unconsolidated residential mortgage securitization vehicles, principally guaranteed by GNMA, and all other liabilities of $1.2 billion and $1.6 billion, representing the principal amount that would be payable to the securitization vehicles if the Corporation were to exercise the repurchase option, at March 31, 2014 and December 31, 2013.
[4] Principal balance outstanding includes loans the Corporation transferred with which the Corporation has continuing involvement, which may include servicing the loans.
[5] As a holder of these securities, the Corporation receives scheduled principal and interest payments. During the three months ended March 31, 2014 and 2013, there were no OTTI losses recorded on those securities classified as AFS debt securities.