| Outstanding Claims By Category And Product |
|
|
|
|
|
|
|
|
|
Outstanding Claims by Counterparty and Product Type |
|
|
|
(Dollars in millions) |
March 31
2012 |
|
December 31
2011 |
By counterparty (1, 2)
|
|
|
|
GSEs |
$ |
8,103 |
|
|
$ |
6,258 |
|
Monolines |
3,136 |
|
|
3,082 |
|
Whole-loan investors, private-label securitization trustees and other |
4,855 |
|
|
3,267 |
|
Total outstanding claims by counterparty |
$ |
16,094 |
|
|
$ |
12,607 |
|
By product type (1, 2)
|
|
|
|
Prime loans |
$ |
4,996 |
|
|
$ |
3,925 |
|
Alt-A |
3,009 |
|
|
2,286 |
|
Home equity |
2,932 |
|
|
2,872 |
|
Pay option |
3,343 |
|
|
1,993 |
|
Subprime |
1,028 |
|
|
891 |
|
Other |
786 |
|
|
640 |
|
Total outstanding claims by product type |
$ |
16,094 |
|
|
$ |
12,607 |
|
|
|
(1) |
Excludes certain MI rescission notices. However, at March 31, 2012 and December 31, 2011, included $1.4 billion and $1.2 billion of repurchase requests received from the GSEs that have resulted solely from MI rescission notices. For additional information, see Mortgage Insurance Rescission Notices in this Note.
|
|
| Rollforward Of Liability For Representations And Warranties |
The table below presents a rollforward of the liability for representations and warranties and corporate guarantees.
|
|
|
|
|
|
|
|
|
Representations and Warranties and Corporate Guarantees |
|
|
|
|
Three Months Ended March 31 |
(Dollars in millions) |
2012 |
|
2011 |
Liability for representations and warranties and corporate guarantees, January 1 |
$ |
15,858 |
|
|
$ |
5,438 |
|
Additions for new sales |
5 |
|
|
7 |
|
Charge-offs |
(399 |
) |
|
(238 |
) |
Provision |
282 |
|
|
1,013 |
|
Liability for representations and warranties and corporate guarantees, March 31 |
$ |
15,746 |
|
|
$ |
6,220 |
|
|