Representations and Warranties Obligations and Corporate Guarantees (Details) (USD $)
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3 Months Ended | 3 Months Ended | |||||||
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Mar. 31, 2013
RescissionNotices
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Mar. 31, 2012
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Dec. 31, 2012
RescissionNotices
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Mar. 31, 2013
Other Non Government Sponsored Entites [Member]
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Mar. 31, 2013
Implicated by Ongoing Litigation [Member]
RescissionNotices
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Mar. 31, 2013
Minimum [Member]
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Mar. 31, 2013
Maximum [Member]
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Jun. 28, 2011
First Mortgage [Member]
Bank Of New York Mellon As Trustee [Member]
trust
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Jun. 28, 2011
Second Mortgage [Member]
Bank Of New York Mellon As Trustee [Member]
trust
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Guarantor Obligations [Line Items] | |||||||||
Percentage of loans underlying outstanding repurchase demands | 17.00% | 26.00% | |||||||
Number Of Trusts Involved In Settlement Agreement | 525 | 5 | |||||||
Number of Open Mortgage Insurance Rescission Notices | 109,000 | 110,000 | 50,000 | ||||||
Percent of Mortgage Insurance Recission Notes Received Which Are Resolved | 35.00% | ||||||||
Cash Paid for Repurchases | $ 508,000,000 | $ 423,000,000 | |||||||
Unpaid Principal Balance | 564,000,000 | 532,000,000 | |||||||
Loss | 127,000,000 | 264,000,000 | |||||||
Provision | 250,000,000 | 282,000,000 | |||||||
Representations Warranties And Guarantees Maximum Exposure Above Existing Accruals | 4,000,000,000 | ||||||||
Outstanding Claims For Representations And Warranties Unpaid Principal Balance | 13,300,000,000 | ||||||||
Repurchase Demands under Review | $ 900,000,000 | ||||||||
Percentage of loans resolved through repurchase or make whole payments | 15.00% | ||||||||
Private Label Securitization Trust Related Repurchase Claims | 42.00% | ||||||||
Timeframe To Resolve Repurchase Claims In Dispute | 90 days | 120 days | |||||||
Timetable to reach a settlement once a breach of representations and warranties is confirmed | 60 days | 90 days |
X | ||||||||||
- Definition
Represents the total loss recognized on satisfaction of loan guarantees. No definition available.
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X | ||||||||||
- Definition
Number of Open Mortgage Insurance Rescission Notices No definition available.
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X | ||||||||||
- Definition
Number Of Trusts Involved In Settlement Agreement No definition available.
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X | ||||||||||
- Definition
The total unpaid principal balance of outstanding loan repurchase and indemnification claims. No definition available.
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X | ||||||||||
- Definition
Represents the total cash amount paid to satisfy loan guarantees (i.e., resolve repurchase and indemnification claims through payment). No definition available.
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X | ||||||||||
- Definition
Percentage of loans resolved through repurchase or make-whole payments. No definition available.
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X | ||||||||||
- Definition
Percentage of loans resolved through rescission or payment in full by borrower. No definition available.
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X | ||||||||||
- Definition
This represents the portion of loans' outstanding purchase demands that were originated by third-party correspondent originators, as a percent of those underlying purchase demands. The Corporation has the right to seek recovery of related losses from the correspondent originator. No definition available.
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X | ||||||||||
- Definition
Percent of Mortgage Insurance Recission Notes Received Which Are Resolved No definition available.
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X | ||||||||||
- 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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X | ||||||||||
- Definition
Represents the maximum exposure to representations, warranties, and guarantees above existing accrued amounts. No definition available.
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X | ||||||||||
- Definition
Repurchase Demands under Review No definition available.
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X | ||||||||||
- Definition
This represents the timeframe to resolve the repurchase request related to claims dispute. No definition available.
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X | ||||||||||
- Definition
This represents the timetable in days generally that it takes to reach a settlement where a breach of representations and warranties has been confirmed. No definition available.
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X | ||||||||||
- Definition
Represents the unpaid principal balance of loan guarantees satisfied (i.e., for which the reporting entity repurchased and paid indemnification claims for during the period). No definition available.
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X | ||||||||||
- Details
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