Annual report pursuant to Section 13 and 15(d)

Representations and Warranties Obligations and Corporate Guarantees (Details)

v2.4.0.8
Representations and Warranties Obligations and Corporate Guarantees (Details) (USD $)
 12 Months Ended 12 Months Ended 0 Months Ended 8 Months Ended 12 Months Ended 60 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
RescissionNotices
Dec. 31, 2012
RescissionNotices
Dec. 31, 2011
Dec. 31, 2013
Minimum [Member]
Dec. 31, 2013
Maximum [Member]
Dec. 31, 2013
Whole-loan Investors [Member]
May 03, 2013
Bank Of New York Mellon As Trustee [Member]
Group
brief
Aug. 31, 2011
Bank Of New York Mellon As Trustee [Member]
Group
Dec. 31, 2013
Bank Of New York Mellon As Trustee [Member]
trust
Investor
Dec. 31, 2008
Bank Of New York Mellon As Trustee [Member]
Jun. 28, 2011
Bank Of New York Mellon As Trustee [Member]
Apr. 14, 2011
Assured Guaranty [Member]
Dec. 31, 2013
Government sponsored enterprise obligations [Member]
Dec. 31, 2013
Other Non Government Sponsored Entites [Member]
Dec. 31, 2013
Monoline [Member]
Dec. 31, 2013
Whole-loan investors, private-label securitization trustees, third-party securitization sponsors and other [Member]
Dec. 31, 2013
Indemnification Agreement [Member]
Dec. 31, 2012
Indemnification Agreement [Member]
Dec. 31, 2013
Unpaid Principal Balance Of Loan Guarantees Satisfied [Member]
Dec. 31, 2012
Unpaid Principal Balance Of Loan Guarantees Satisfied [Member]
Jun. 28, 2011
Second Mortgage [Member]
Bank Of New York Mellon As Trustee [Member]
trust
Apr. 14, 2011
Second Mortgage [Member]
Assured Guaranty [Member]
trust
Jun. 28, 2011
First Mortgage [Member]
Bank Of New York Mellon As Trustee [Member]
trust
Apr. 14, 2011
First Mortgage [Member]
Assured Guaranty [Member]
trust
Dec. 31, 2013
First Lien Mortgages Serviced for Others [Member]
RescissionNotices
Dec. 31, 2013
Loans held for investment [Member]
RescissionNotices
Dec. 31, 2013
Resolved Through Acceptance [Member]
Dec. 31, 2013
Resolved Through Reinstatement of Coverage or Payment of Claim [Member]
Dec. 31, 2013
Resolved Through Settlement, Policy Commutation or Similar Arrangement [Member]
Dec. 31, 2013
Implicated by Ongoing Litigation [Member]
RescissionNotices
Dec. 31, 2013
In Process of Review [Member]
Dec. 31, 2013
Reviewed and Being Contested [Member]
Dec. 31, 2013
Subject of Ongoing Litigation [Member]
Dec. 31, 2013
Federal National Mortgage Association FNMA [Member]
Dec. 31, 2013
MBIA Settlement [Member]
May 07, 2013
MBIA Settlement [Member]
Mar. 31, 2013
MBIA Settlement [Member]
Dec. 31, 2012
MBIA Settlement [Member]
Dec. 31, 2013
MBIA Settlement [Member]
Second Mortgage [Member]
trust
Dec. 31, 2013
MBIA Settlement [Member]
First Mortgage [Member]
trust
Jan. 31, 2013
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Dec. 31, 2013
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Dec. 31, 2013
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Dec. 31, 2012
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Jan. 31, 2013
Federal National Mortgage Association FNMA [Member]
Dec. 31, 2013
Federal National Mortgage Association FNMA [Member]
Jan. 06, 2013
Federal National Mortgage Association FNMA [Member]
Dec. 31, 2013
Federal National Mortgage Association FNMA [Member]
First Lien Mortgages Serviced for Others [Member]
RescissionNotices
Jul. 17, 2012
Syncora Holdings Ltd [Member]
second_lien_trust
trust
Dec. 31, 2013
Federal National Mortgage Association FNMA [Member]
Dec. 31, 2013
GSEs [Member]
Dec. 31, 2012
GSEs [Member]
Dec. 31, 2013
Monoline [Member]
Dec. 31, 2012
Monoline [Member]
Dec. 31, 2013
Whole-loan investors, private-label securitization trustees, third-party securitization sponsors and other [Member]
Dec. 31, 2012
Whole-loan investors, private-label securitization trustees, third-party securitization sponsors and other [Member]
Feb. 04, 2014
Subsequent Event [Member]
Bank Of New York Mellon As Trustee [Member]
objector
Guarantor Obligations [Line Items]                                                                                                                  
Liability For Representations And Warranties And Corporate Guarantees $ 13,282,000,000 $ 19,021,000,000 $ 15,858,000,000                                                                                                            
Number of First Lien R M B S Trusts with Outstanding or Potential Repurchase Claims                                                                                                 8                
Number of Second Lien RMBS Trusts with Outstanding or Potential Repurchase Claims                                                                                                 6                
Original Principal Balance of First Lien Mortgages Included in Settlement Agreement                                                                     29,300,000,000                           9,600,000,000                
Original Principal Balance of Second Lien Mortgages Included in Settlement Agreement                                                                     25,500,000,000                           7,700,000,000                
Litigation Settlement to be Paid in Cash                                                                                                 375,000,000                
Number Of Trusts Involved In Settlement Agreement                                         5 8 525 21                             17 31                                  
Original Principal Balance Of Loans Originated                     424,000,000,000 35,800,000,000                                               54,800,000,000                     1,400,000,000,000                    
Unpaid Principal Balance                                                                       19,100,000,000                                          
Outstanding Principal Balance of Residential Mortgage Loans Included in Settlement Agreement                                                                                             300,000,000,000                    
Unresolved Repurchase Claims Submitted for Alleged Breaches of Selling Representations and Warranties                                                                                           12,200,000,000                      
Original Principal Balance of Loans Originated During Period                   409,000,000,000                                                                                              
Principal Amount Outstanding On Loans Securitized In Default                     220,000,000,000                                                                                            
Principal Amount Outstanding On Loans Securitized In Default During Period                   217,000,000,000                                                                                              
Number Of Institutional Investors Involved In Settlement Agreement                 22                                                                                                
Settlement Payment                 8,500,000,000     1,100,000,000                                                                                          
Private Placements From Which Plaintiffs Purchased Mortgage Backed Securities Issued By Country Wide Financial Corporation Related Entities                 6                                                                                                
Number of Groups With Opportunity to Dispute Legal Settlement               44                                                                                                  
Number of Groups that Objected to Settlement             13                                                                                                    
Number of Briefs Filed Formally Objecting to Settlement             5                                                                                                    
Number of Groups With Opportunity to Dispute Legal Settlement, Who Have Withdrawn From Proceedings             11                                                                                                    
Number of Objectors to Settlement Who Filed Motion to Stay Entry of Judgment                                                                                                                 1
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement                       20,200,000,000                                                                                          
Loan Loss Insurance Value Of Reinsurance Arrangement                       470,000,000                                                                                          
Loss Contingency Accrual, at Carrying Value 381,000,000 510,000,000                                                                                                              
Loss On Repurchase Or Reimbursement Of Repurchase Claims For First Lien Mortgages And Home Equity Loans From The Investor Or Securitization Trust 1,200,000,000 1,600,000,000                                                                                                              
Repurchase Demands Received Excluded from Outstanding Claims 273,000,000                             900,000,000                                                                                  
New Purchase Claims 8,400,000,000         222,000,000             1,800,000,000   50,000,000                                                                                    
Amount of Loan Repurchase Claims Resolved 16,700,000,000                                                                                   646,000,000 322,000,000                          
Amount of Loan Repurchase Claims Resolved Through Rescission 1,700,000,000                                                                                                                
Amount of Loan Repurchase Claims Resolved Through Repurchase and Make Whole Payments 1,200,000,000                                                                                                                
Number of Open Mortgage Insurance Rescission Notices 101,000 110,000                                             39,000 10,000       52,000                                   28,000                  
Percent of Mortgage Insurance Recission Notes Received Which Are Resolved 43.00%                                                   16.00% 59.00% 25.00%                                                        
Percent of Mortgage Insurance Recission Notes Received Which Are Not Yet Resolved 57.00%                                                         52.00% 8.00% 92.00% 42.00%                                                
Number of Open Mortgage Insurance Rescission Notices Required to Pay or has Paid                                                                                               26,200                  
Cash Paid for Repurchases                                 1,244,000,000 1,755,000,000                                                                              
Unpaid Principal Balance                                     1,481,000,000 2,075,000,000                                                                          
Payments for Legal Settlements 1,800,000,000 700,000,000                                                                 1,565,000,000           400,000,000 404,000,000     3,600,000,000                        
Notes Issued                                                                     95,000,000                                            
Percentage of outstanding common stock to be purchased                                                                     4.90%                                            
Exercise Price Of Common Stock                                                                     $ 9.59                                            
Line of Credit Facility, Current Borrowing Capacity                                                                     500,000,000                                            
Payments for Legal Settlements, Credits                                                                                   13,000,000                              
Residental Mortgage Loans Repurchased in Settlement                                                                                         6,600,000,000                        
Provision 840,000,000 3,939,000,000                                                               500,000,000                               2,500,000,000              
Representations Warranties And Guarantees Maximum Exposure Above Existing Accruals 4,000,000,000                                                                                                                
Percentage of the voting rights of outstanding securities required to investigate loans files and demand repurchase of loans 25.00%                                                                                                                
Outstanding Claims For Representations And Warranties Unpaid Principal Balance                           17,900,000,000                                                                                      
Percentage of loans resolved through repurchase or make whole payments 16.00%                                                                                                                
Private Label Securitization Trust Related Repurchase Claims 44.00%                                                                                                                
Private Label Securitization Trust Related Repurchase Claims 6,300,000,000                                                                                                                
Timetable to reach a settlement once a breach of representations and warranties is confirmed       60 days 90 days                                                                                                        
Inactive Claims, Threshold Period of Inactivity after Denial 6 months                                                                                                                
Additions for new sales 36,000,000 28,000,000                                                                                                              
Representations Warranties And Corporate Guarantees Net Reductions 6,615,000,000 804,000,000                                                                                                              
Notional Value of Credit Default Swaps                                                                         7,400,000,000                                        
Market Value of Credit Default Swaps                                                                         813,000,000                                        
Outstanding Claims by Product Type, with Review 13,800,000,000 11,700,000,000                                                                                                              
Outstanding Claims by Product Type, without Review 4,100,000,000 519,000,000                                                                                                              
Outstanding Claims By Counterparty 19,655,000,000 [1],[2],[3] 28,101,000,000 [1],[2],[3]                                                                                                 170,000,000 [1],[3] 13,437,000,000 [1],[3] 1,532,000,000 [1],[3] 2,442,000,000 [1],[3] 17,953,000,000 [1],[2],[3] 12,222,000,000 [1],[2],[3]  
Outstanding monoline repurchase claims resolved                                                                           945,000,000                                      
Unpaid principal balance of first-lien mortgages included in settlement agreement                                                                     9,800,000,000                                            
Unpaid principal balance of second-lien mortgages included in settlement agreement                                                                     $ 9,300,000,000                                            
[1] At December 31, 2013 and 2012, unresolved repurchase claims did not include repurchase demands of $1.2 billion and $1.6 billion where the Corporation believes the claimants have not satisfied the contractual thresholds as noted on page 210.
[2] Includes $13.8 billion and $11.7 billion of claims based on individual file reviews and $4.1 billion and $519 million of claims submitted without individual file reviews at December 31, 2013 and 2012.
[3] The total notional amount of unresolved repurchase claims does not include any repurchase claims related to the trusts covered by the BNY Mellon Settlement.