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Representations and Warranties Obligations and Corporate Guarantees - Liabilities (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2012
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Mar. 31, 2011
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| Liability For Representations Warranties And Guarantees [Roll Forward] | ||
| Liability for representations and warranties and corporate guarantees, beginning of year | $ 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, December 31 | $ 15,746 | $ 6,220 |
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- Definition
This represents the amount of the liability for representations and warranties, and corporate guarantees, which has been established primarily for the third party buyers, and for FNMA and FHLMC. No definition available.
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- Details
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| X | ||||||||||
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- Definition
The amount represents the increase in liability for representations and warranties related to new sales based on an assessment of the likelihood of a request being received and approved for repurchase/indemnification. No definition available.
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- Definition
The charge-offs represent the loss recorded upon completion of processing approved repurchase/indemnification where the Corporation has agreed to repurchase the loan and/or indemnify the investor. No definition available.
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- Definition
This represents an estimate of possible future losses related to the liability for representations and warranties and corporate guarantees. The amount is recorded as representation and warranty expense for the period in mortgage banking income. No definition available.
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