Quarterly report pursuant to Section 13 or 15(d)

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

v2.4.0.8
Securitizations and Other Variable Interest Entities - First Lien Mortgages (Details) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Consumer Mortgage [Member]
      
In Text Details [Abstract]      
Servicing Fee And Ancillary Fee Income $ 494,000,000 $ 897,000,000  
Servicing Advance 12,700,000,000   14,100,000,000
First Lien Mortgages [Member]
      
Table Details [Abstract]      
Gain on Sale of Mortgage Loans 198,000,000 613,000,000  
In Text Details [Abstract]      
Transfers of Financial Assets Accounted for as Sale, Initial Fair Value of Assets Obtained as Proceeds 506,000,000 968,000,000  
Loans repurchased from investors and securitization trusts 1,300,000,000 3,200,000,000  
First Lien Mortgages [Member] | Agency MBS [Member]
      
Securitizations Related Information [Abstract]      
Cash proceeds from new securitizations 7,466,000,000 [1] 12,013,000,000 [1]  
Gain (loss) on securitizations (11,000,000) [2] 29,000,000 [2]  
First Lien Mortgages [Member] | Commercial Mortgage Backed Securities [Member]
      
Securitizations Related Information [Abstract]      
Cash proceeds from new securitizations 704,000,000 [1] 0 [1]  
Gain (loss) on securitizations $ 27,000,000 [2] $ 0 [2]  
[1] The Corporation sells residential mortgage loans to GSEs in the normal course of business and receives RMBS in exchange which may then be sold into the market to third-party investors for cash proceeds.
[2] Substantially all of the first-lien residential and commercial mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option. As such, gains are recognized on these LHFS prior to securitization. The Corporation recognized $198 million and $613 million of gains, net of hedges, on loans securitized during the three months ended March 31, 2014 and 2013.