Flagstar Bancorp (FBC) 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	FLAGSTAR BANCORP INC
Entity Central Index Key	1,033,012
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		57,060,689

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash	$ 72	$ 84
Interest-earning deposits	89	74
Total cash and cash equivalents	161	158
Investment securities available-for-sale	1,650	1,480
Investment securities held-to-maturity	1,048	1,093
Loans held-for-sale ($4,511 and $3,145 measured at fair value, respectively)	4,543	3,177
Loans held-for-investment ($13 and $72 measured at fair value, respectively)	5,959	6,065
Loans with government guarantees	322	365
Less: allowance for loan losses	(141)	(142)
Total loans held-for-investment and loans with government guarantees, net	6,140	6,288
Mortgage servicing rights	295	335
Net deferred tax asset	273	286
Federal Home Loan Bank stock	201	180
Premises and equipment, net	277	275
Other assets	773	781
Total assets	15,361	14,053
Liabilities and Stockholders’ Equity
Noninterest bearing deposits	1,831	2,077
Interest bearing deposits	6,814	6,723
Total deposits	8,645	8,800
Short-term Federal Home Loan Bank advances	3,186	1,780
Long-term Federal Home Loan Bank advances	1,200	1,200
Other long-term debt	493	493
Representation and warranty reserve	23	27
Other liabilities ($60 and $60 measured at fair value, respectively)	443	417
Total liabilities	13,990	12,717
Stockholders’ Equity
Common stock $0.01 par value, 70,000,000 shares authorized; 57,043,565 and 56,824,802 shares issued and outstanding, respectively	1	1
Additional paid in capital	1,510	1,503
Accumulated other comprehensive (loss) income	(6)	(7)
Accumulated deficit	(134)	(161)
Total stockholders’ equity	1,371	1,336
Total liabilities and stockholders’ equity	$ 15,361	$ 14,053

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets
Loans held-for-sale, fair value	$ 4,511	$ 3,145
Loans held-for-investment, fair value	13	72
Liabilities and Stockholders’ Equity
Other liabilities, fair value	$ 60	$ 60
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Liquidation Preference Per Share	$ 1,000	$ 1,000
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	266,657
Preferred Stock, Shares Outstanding	0	0
Stockholders' Equity
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	70,000,000	70,000,000
Common stock, shares issued (in shares)	57,043,565	56,824,802
Common stock, shares outstanding (in shares)	57,043,565	56,824,802

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest Income
Loans	$ 91	$ 84
Investment securities	19	17
Total interest income	110	101
Interest Expense
Deposits	12	11
Short-term Federal Home Loan Bank advances and other	3	2
Long-term Federal Home Loan Bank advances	6	7
Other long-term debt	6	2
Total interest expense	27	22
Net interest income	83	79
Provision (benefit) for loan losses	3	(13)
Net interest income after provision (benefit) for loan losses	80	92
Noninterest Income
Net gain on loan sales	48	75
Loan fees and charges	15	15
Deposit fees and charges	4	6
Loan administration income	5	6
Net return (loss) on mortgage servicing rights	14	(6)
Representation and warranty (provision) benefit	4	2
Other noninterest income	10	7
Total noninterest income	100	105
Noninterest Expense
Compensation and benefits	72	68
Commissions	10	10
Occupancy and equipment	22	22
Loan processing expense	12	12
Legal and professional expense	7	9
Other noninterest expense	17	16
Total noninterest expense	140	137
Income before income taxes	40	60
Provision (benefit) for income taxes	13	21
Net income	$ 27	$ 39
Net income per share
Basic (in dollars per share)	$ 0.47	$ 0.56
Diluted (in dollars per share)	$ 0.46	$ 0.54
Weighted average shares outstanding
Basic (in shares)	56,921,605	56,513,715
Diluted (in shares)	58,072,563	57,600,984

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 27	$ 39
Other comprehensive income (loss), net of tax
Investment securities	0	15
Derivatives and hedging activities	1	(28)
Other comprehensive income (loss), net of tax	1	(13)
Comprehensive income	$ 28	$ 26

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)
Beginning balance at Dec. 31, 2015	$ 1,529	$ 267	$ 1	$ 1,486	$ 2	$ (227)
Beginning balance, shares at Dec. 31, 2015		266,657	56,483,258
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	39					39
Total other comprehensive income (loss)	(13)				(13)
Stock-based compensation, value	3			3
Stock-based compensation, shares			74,637
Ending balance at Mar. 31, 2016	1,558	$ 267	$ 1	1,489	(11)	(188)
Ending balance, shares at Mar. 31, 2016		266,657	56,557,895
Beginning balance at Dec. 31, 2016	1,336	$ 0	$ 1	1,503	(7)	(161)
Beginning balance, shares at Dec. 31, 2016		0	56,824,802
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	27					27
Total other comprehensive income (loss)	1				1
Stock-based compensation, value	3			3
Stock-based compensation, shares			64,450
Warrant exercise	4			4
Warrant exercise, shares			154,313
Ending balance at Mar. 31, 2017	$ 1,371	$ 0	$ 1	$ 1,510	$ (6)	$ (134)
Ending balance, shares at Mar. 31, 2017		0	57,043,565

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net cash used in operating activities	$ (5,224,000,000)	$ (1,874,000,000)
Investing Activities
Proceeds from sale of AFS securities including loans that have been securitized	3,973,000,000	2,672,000,000
Collection of principal on investment securities AFS	52,000,000	30,000,000
Purchase of investment securities AFS and other	(214,000,000)	(27,000,000)
Collection of principal on investment securities HTM	45,000,000	30,000,000
Purchase of investment securities HTM and other	0	(15,000,000)
Proceeds received from the sale of LHFI	34,000,000	75,000,000
Net Origination, purchase, and principal repayments of LFFI	14,000,000	(188,000,000)
Purchase of bank owned life insurance	0	(85,000,000)
Net purchase of FHLB stock	(21,000,000)	(2,000,000)
Acquisition of premises and equipment, net of proceeds	(17,000,000)	(12,000,000)
Proceeds from the sale of MSRs	50,000,000	1,000,000
Other, net	(47,000,000)	5,000,000
Net cash provided by investing activities	3,869,000,000	2,484,000,000
Financing Activities
Net change in deposit accounts	(155,000,000)	534,000,000
Net change in short term FHLB borrowings and other short term debt	1,406,000,000	(866,000,000)
Proceeds from long term FHLB Advances	0	200,000,000
Net receipt of payments of loans serviced for others	100,000,000	44,000,000
Net receipt (disbursement) of escrow payments	7,000,000	(6,000,000)
Net cash provided (used) by financing activities	1,358,000,000	(94,000,000)
Net increase in cash and cash equivalents	3,000,000	516,000,000
Beginning cash and cash equivalents	158,000,000	208,000,000
Ending cash and cash equivalents	161,000,000	724,000,000
Supplemental disclosure of cash flow information
Non-cash reclassification of loans originated HFI to LHFS	106,000,000	901,000,000
Non-cash reclassification of mortgage loans HFS to AFS securities	3,973,000,000	2,672,000,000
MSRs resulting from sale or securitization of loans	21,000,000	57,000,000
Operating section supplemental disclosures
Cash proceeds from sales of LHFS	610,000,000	4,585,000,000
Origination, premium paid and purchase of LHFS, net of principal repayments	$ (5,768,000,000)	$ (6,304,000,000)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements of Flagstar Bancorp, Inc. ("Flagstar," or the "Company"), including its wholly owned principal subsidiary, Flagstar Bank, FSB (the "Bank"), have been prepared using U.S. generally accepted accounting principles ("GAAP") for interim financial statements. Where we say "we," "us," "our," the "Company" or "Flagstar," we usually mean Flagstar Bancorp, Inc. However, in some cases, a reference to "we," "us," "our," the "Company" or "Flagstar" will include our wholly-owned subsidiary Flagstar Bank, FSB (the "Bank"). These consolidated financial statements do not include all of the information and footnotes required by GAAP for a full year presentation and certain disclosures have been condensed or omitted in accordance with rules and regulations of the Securities and Exchange Commission ("SEC"). These interim financial statements are unaudited and include, in our opinion, all adjustments necessary for a fair statement of the results for the periods indicated, which are not necessarily indicative of results which may be expected for the full year. These consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 , which is available on our website, at flagstar.com, and on the SEC website, at sec.gov. Certain prior period amounts have been reclassified to conform to the current period presentation. Subsequent to March 31, 2017, we have entered into pending bulk sales of $195 million of mortgage servicing rights. The servicing of these loans will be retained on approximately 80 percent of the total MSR sale amount. We do not expect any material adverse impact to the Consolidated Statement of Operations resulting from these sales.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities As of March 31, 2017 and December 31, 2016 , investment securities were comprised of the following: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in millions) March 31, 2017 Available-for-sale securities Agency - Commercial $ 535 $ 2 $ (5 ) $ 532 Agency - Residential 1,077 1 (15 ) 1,063 Municipal obligations 36 — — 36 Corporate debt obligations 19 — — 19 Total available-for-sale securities (1) $ 1,667 $ 3 $ (20 ) $ 1,650 Held-to-maturity securities Agency - Commercial $ 573 $ 1 $ (6 ) $ 568 Agency - Residential 475 — (5 ) 470 Total held-to-maturity securities (1) $ 1,048 $ 1 $ (11 ) $ 1,038 December 31, 2016 Available-for-sale securities Agency - Commercial $ 551 $ 2 $ (5 ) $ 548 Agency - Residential 913 1 (16 ) 898 Municipal obligations 34 — — 34 Total available-for-sale securities (1) $ 1,498 $ 3 $ (21 ) $ 1,480 Held-to-maturity securities Agency - Commercial $ 595 $ — $ (6 ) $ 589 Agency - Residential 498 1 (4 ) 495 Total held-to-maturity securities (1) $ 1,093 $ 1 $ (10 ) $ 1,084 (1) There were no securities of a single issuer, which are not governmental or government-sponsored, that exceeded 10 percent of stockholders’ equity at March 31, 2017 or December 31, 2016 . We evaluate AFS and HTM investment securities for other than temporary impairment on a quarterly basis. An OTTI is considered to have occurred when the fair value of a debt security is below its amortized costs and we (1) have the intent to sell the security, (2) will more likely than not be required to sell the security before recovery of its amortized cost, or (3) do not expect to recover the entire amortized cost basis of the security. Investments that have an OTTI are written down through a charge to earnings for the amount representing the credit loss on the security. Gains and losses related to all other factors are recognized in other comprehensive income (loss). During the three months ended March 31, 2017 and March 31, 2016 , we had no OTTI losses. Available-for-sale securities Securities available-for-sale are carried at fair value, with unrealized gains and losses, to the extent they are temporary in nature, reported as a component of other comprehensive income. We purchased $222 million of AFS securities, which included U.S. government sponsored agency MBS, corporate debt obligations, and municipal obligations during the three months ended March 31, 2017 . We purchased $27 million of AFS securities, which included U.S. government sponsored agencies comprised of MBS and municipal obligations during the three months ended March 31, 2016 . Gains (losses) on sales of AFS securities are reported in other noninterest income in the Consolidated Statements of Operations. There were no sales of AFS securities during the three months ended March 31, 2017 and March 31, 2016 , except those related to mortgage loans that had been securitized for sale in the normal course of business. Held-to-maturity securities Investment securities HTM are carried at amortized cost and adjusted for amortization of premiums and accretion of discounts using the interest method. Unrealized losses are not recorded to the extent they are temporary in nature. Transfers of investment securities into the HTM category from the AFS category are accounted for at fair value on the date of transfer. There were no such transfers during the three months ended March 31, 2017 and March 31, 2016 . There were no purchases of HTM securities during the three months ended March 31, 2017 . During the three months ended March 31, 2016 , we purchased $15 million of HTM securities. There were no sales of HTM securities during the three months ended March 31, 2017 and March 31, 2016 . Reverse repurchase agreements For securities subject to reverse repurchase agreements, we record a receivable for the cash paid and any accrued interest, which is included in other assets on the Consolidated Statements of Financial Condition. Securities held by a custodian from counterparties under reverse repurchase agreements are not recognized on the Consolidated Statements of Financial Condition unless the counterparty defaults. The securities pledged as collateral under reverse repurchase transactions typically are U.S. Treasury securities or government sponsored agency MBS. In general, the securities transferred can be sold, re-pledged or otherwise used by the party in possession. The fair value of collateral under reverse repurchase agreements is monitored on an ongoing basis, and if necessary, additional collateral is obtained in accordance with the agreement. At March 31, 2017 and December 31, 2016, we had $50 million and zero , respectively, of securities subject to a reverse repurchase agreements. The following table summarizes, by duration, the unrealized loss positions on investment securities: Unrealized Loss Position with Duration 12 Months and Over Unrealized Loss Position with Duration Under 12 Months Fair Value Number of Securities Unrealized Loss Fair Value Number of Securities Unrealized Loss (Dollars in millions) March 31, 2017 Type of Security Available-for-sale securities Agency - Commercial $ 6 1 $ — $ 335 30 $ (5 ) Agency - Residential — — — 873 56 (16 ) Municipal obligations — — — 17 9 — Held-to-maturity securities Agency - Commercial $ — — $ — $ 474 30 $ (6 ) Agency - Residential — — — 380 47 (5 ) December 31, 2016 Available-for-sale securities Agency - Commercial $ 6 1 $ — $ 345 29 $ (5 ) Agency - Residential — — — 748 55 (16 ) Municipal obligations — — — 17 8 — Held-to-maturity securities Agency - Commercial $ — — $ — $ 528 34 $ (6 ) Agency - Residential — — — 385 43 (4 ) The amortized cost and estimated fair value of securities are presented below by contractual maturity: March 31, 2017 Investment Securities Available-for-Sale Investment Securities Held-to-maturity Amortized Cost Fair Value Weighted Average Yield Amortized Cost Fair Value Weighted Average Yield (Dollars in millions) Due after one year through five years $ 18 $ 18 3.67 % $ — $ — — % Due after five years through 10 years 18 18 4.40 % 61 61 2.50 % Due after 10 years 1,631 1,614 2.31 % 987 977 2.42 % Total $ 1,667 $ 1,650 $ 1,048 $ 1,038 We pledge investment securities, primarily agency collateralized and municipal taxable mortgage obligations, to collateralize lines of credit and/or borrowings. At March 31, 2017 , we had pledged investment securities of $842 million compared to $879 million at December 31, 2016 .

Loans Held-for-Sale

Loans Held-for-Sale	3 Months Ended
	Mar. 31, 2017
Receivables Held-for-sale [Abstract]
Loans Held-for-Sale	Loans Held-for-Sale The majority of our mortgage loans originated as LHFS are sold into the secondary market by securitizing the loans into agency mortgage backed securities or on a whole loan basis. At March 31, 2017 and December 31, 2016 , LHFS totaled $4.5 billion and $3.2 billion , respectively. For the three months ended March 31, 2017 , we had net gains on loan sales associated with LHFS of $48 million as compared to $75 million during the three months ended March 31, 2016 . At both March 31, 2017 and December 31, 2016 , $32 million of LHFS were recorded at lower of cost or fair value. The remainder of the loans in the portfolio are recorded at fair value as we have elected the fair value option for such loans.

Loans Held-for-Investment

Loans Held-for-Investment	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Loans Held-for-Investment	Loans Held-for-Investment Loans held-for-investment are summarized as follows: March 31, 2017 December 31, 2016 (Dollars in millions) Consumer loans Residential first mortgage $ 2,463 $ 2,327 Second mortgage 86 126 HELOC 290 317 Other 27 28 Total consumer loans 2,866 2,798 Commercial loans Commercial real estate (1) 1,399 1,261 Commercial and industrial 854 769 Warehouse lending 840 1,237 Total commercial loans 3,093 3,267 Total loans held-for-investment $ 5,959 $ 6,065 (1) Includes $243 million and $245 million of owner occupied commercial real estate loans at March 31, 2017 and December 31, 2016 , respectively. During the three months ended March 31, 2017 , we transferred residential second mortgage loans with unpaid principal balances totaling $72 million to held-for-sale, upon a change in our intent. We have entered into an agreement to sell these loans which are expected to settle in the second quarter 2017. During the three months ended March 31, 2017 , we sold nonperforming, TDR and non-agency loans with unpaid principal balances of $10 million . Upon a change in our intent, the loans were transferred to LHFS and subsequently sold resulting in a gain of less than $1 million during the three months ended March 31, 2017 , which is recorded in net gain on loan sales on the Consolidated Statements of Operations. Also, during the three months ended March 31, 2017 , we sold performing residential first mortgage loans with unpaid principal balances of $24 million . Upon a change in our intent, the loans were transferred to LHFS and subsequently sold resulting in a gain of less than $1 million , which is recorded in net gain on loan sales on the Consolidated Statements of Operations. During the three months ended March 31, 2016 , we sold nonperforming, TDR and non-agency loans with unpaid principal balances totaling $96 million . Upon a change in our intent, the loans were transferred to LHFS and subsequently sold resulting in a loss on sale of $2 million , which is recorded in net gain on loan sales on the Consolidated Statements of Operations. A portion of the general ALLL associated with these loans was reduced, resulting in a $6 million reduction in allowance. Also during the three months ended March 31, 2016 , we sold performing residential first mortgage loans with UPB of $787 million . Upon a change in our intent, the loans were transferred to LHFS and subsequently sold resulting in a gain of $9 million , which was recorded in net gain on loan sales on the Consolidated Statements of Operations. During the three months ended March 31, 2016 , we purchased jumbo residential first mortgage loans with an unpaid principal balance of $147 million . We have pledged certain LHFI, LHFS, and loans with government guarantees to collateralize lines of credit and/or borrowings with the FHLB of Indianapolis and the FRB of Chicago. At March 31, 2017 and December 31, 2016 , we had pledged loans of $6.8 billion and $5.3 billion , respectively. Allowance for Loan Losses We determine the estimate of the ALLL on at least a quarterly basis. Refer to Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies to the consolidated financial statements in the Annual Report on Form 10-K for the year ended December 31, 2016 , for a description of the methodology. The ALLL, other than for loans that have been identified for individual evaluation for impairment, is determined on a loan pool basis by grouping loan types with common risk characteristics to determine our best estimate of incurred losses. The changes in ALLL, by class of loan, are summarized in the following table: Residential First Mortgage (1) Second Mortgage HELOC Other Consumer Commercial Real Estate Commercial and Industrial Warehouse Lending Total (Dollars in millions) Three Months Ended March 31, 2017 Beginning balance ALLL $ 65 $ 8 $ 16 $ 1 $ 28 $ 17 $ 7 $ 142 Charge-offs (2) (4 ) — — (1 ) — — — (5 ) Recoveries — — — 1 — — — 1 Provision (benefit) — (1 ) (2 ) — 4 3 (1 ) 3 Ending balance ALLL $ 61 $ 7 $ 14 $ 1 $ 32 $ 20 $ 6 $ 141 Three Months Ended March 31, 2016 Beginning balance ALLL $ 116 $ 11 $ 21 $ 2 $ 18 $ 13 $ 6 $ 187 Charge-offs (2) (11 ) (1 ) (1 ) (1 ) — — — (14 ) Recoveries — — 1 1 — — — 2 Provision (benefit) (10 ) — (1 ) — 1 (3 ) — (13 ) Ending balance ALLL $ 95 $ 10 $ 20 $ 2 $ 19 $ 10 $ 6 $ 162 (1) Includes allowance and charge-offs related to loans with government guarantees. (2) Includes charge-offs of $1 million and $6 million related to the transfer and subsequent sale of loans during the three months ended March 31, 2017 and March 31, 2016 , respectively. Also includes charge-offs related to loans with government guarantees of $2 million and $3 million during the three months ended March 31, 2017 and March 31, 2016 , respectively. The method of evaluation, by class of loan, is summarized in the following table: Residential First Mortgage (1) Second Mortgage HELOC Other Consumer Commercial Real Estate Commercial and Industrial Warehouse Lending Total (Dollars in millions) March 31, 2017 Loans held-for-investment (2) Individually evaluated $ 36 $ 24 $ 3 $ — $ — $ — $ — $ 63 Collectively evaluated 2,420 58 286 26 1,399 854 840 5,883 Total loans $ 2,456 $ 82 $ 289 $ 26 $ 1,399 $ 854 $ 840 $ 5,946 Allowance for loan losses (2) Individually evaluated $ 4 $ 5 $ 2 $ — $ — $ — $ — $ 11 Collectively evaluated 57 2 12 1 32 20 6 130 Total allowance for loan losses $ 61 $ 7 $ 14 $ 1 $ 32 $ 20 $ 6 $ 141 December 31, 2016 Loans held-for-investment (2) Individually evaluated $ 46 $ 26 $ 3 $ — $ — $ — $ — $ 75 Collectively evaluated 2,274 59 290 28 1,261 769 1,237 5,918 Total loans $ 2,320 $ 85 $ 293 $ 28 $ 1,261 $ 769 $ 1,237 $ 5,993 Allowance for loan losses (2) Individually evaluated $ 5 $ 6 $ 2 $ — $ — $ — $ — $ 13 Collectively evaluated 60 2 14 1 28 17 7 129 Total allowance for loan losses $ 65 $ 8 $ 16 $ 1 $ 28 $ 17 $ 7 $ 142 (1) Includes allowance related to loans with government guarantees. (2) Excludes loans carried under the fair value option. The following table sets forth the LHFI aging analysis of past due and current loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due (1) Total Past Due Current Total Investment Loans (Dollars in millions) March 31, 2017 Consumer loans Residential first mortgage $ 3 $ 1 $ 26 $ 30 $ 2,433 $ 2,463 Second mortgage — — 1 1 85 86 HELOC 1 — 1 2 288 290 Other — — — — 27 27 Total consumer loans 4 1 28 33 2,833 2,866 Commercial loans Commercial real estate — — — — 1,399 1,399 Commercial and industrial — — — — 854 854 Warehouse lending — — — — 840 840 Total commercial loans — — — — 3,093 3,093 Total loans (2) $ 4 $ 1 $ 28 $ 33 $ 5,926 $ 5,959 December 31, 2016 Consumer loans Residential first mortgage $ 6 $ — $ 29 $ 35 $ 2,292 $ 2,327 Second mortgage — 1 4 5 121 126 HELOC 1 1 7 9 308 317 Other 1 — — 1 27 28 Total consumer loans 8 2 40 50 2,748 2,798 Commercial loans Commercial real estate — — — — 1,261 1,261 Commercial and industrial — — — — 769 769 Warehouse lending — — — — 1,237 1,237 Total commercial loans — — — — 3,267 3,267 Total loans (2) $ 8 $ 2 $ 40 $ 50 $ 6,015 $ 6,065 (1) Includes loans 90 days or greater past due and performing nonaccrual loans that are less than 90 days past due. (2) Includes $3 million and $13 million of loans 90 days or greater past due, accounted for under the fair value option at March 31, 2017 and December 31, 2016 , respectively. Loans are considered to be past due when any payment of principal or interest is 30 days past the scheduled payment date. While it is the goal of management to collect on loans, we attempt to work out a satisfactory repayment schedule or modification with past due borrowers and will undertake foreclosure proceedings if the delinquency is not satisfactorily resolved. Our practices regarding past due loans are designed to both assist borrowers in meeting their contractual obligations and minimize losses incurred by the bank. We cease the accrual of interest on all classes of consumer and commercial loans once they become 90 days past due, or when doubt exists as to the ultimate collection of principal or interest (classified as nonaccrual or nonperforming loans). When a loan is placed on nonaccrual status, the accrued interest income is reversed and may only return to accrual status when principal and interest become current and are anticipated to be fully collectible. Interest income is recognized on nonaccrual loans using a cash basis method. Interest that would have been accrued on impaired loans totaled $1 million during both the three months ended March 31, 2017 and March 31, 2016 . At March 31, 2017 and December 31, 2016 , we had no loans 90 days past due and still accruing interest. Troubled Debt Restructuring We may modify certain loans in both our consumer and commercial loan portfolios to retain customers or to maximize collection of the outstanding loan balance. We have programs designed to assist borrowers by extending payment dates or reducing the borrower's contractual payments. All loan modifications are made on a case-by-case basis. Our standards relating to loan modifications consider, among other factors, minimum verified income requirements, cash flow analysis, and collateral valuations. TDRs result in those instances in which a borrower demonstrates financial difficulty and for which a concession has been granted, which includes reductions of interest rate, extensions of amortization period, principal and/or interest forgiveness and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of collateral. These loans are classified as nonperforming TDRs if the loan was nonperforming prior to the restructuring, or based upon the results of a contemporaneous credit evaluation. Such loans will continue on nonaccrual status until the borrower has established a willingness and ability to make the restructured payments for at least six months, after which they will be classified as performing TDRs and begin to accrue interest. Performing and nonperforming TDRs remain impaired as interest and principal will not be received in accordance with the original contractual terms of the loan agreement. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, but may give rise to potential incremental losses. We measure impairments using a discounted cash flow method for performing TDRs and measure impairment based on collateral values for nonperforming TDRs. The following table provides a summary of TDRs by type and performing status: TDRs Performing Nonperforming Total (Dollars in millions) March 31, 2017 Consumer loans (1) Residential first mortgage $ 20 $ 10 $ 30 Second mortgage 26 1 27 HELOC 2 — 2 Total TDRs (2) $ 48 $ 11 $ 59 December 31, 2016 Consumer loans (1) Residential first mortgage $ 22 $ 11 $ 33 Second mortgage 35 4 39 HELOC 10 3 13 Total TDRs (2) $ 67 $ 18 $ 85 (1) The ALLL on consumer TDR loans totaled $8 million and $9 million at March 31, 2017 and December 31, 2016 , respectively. (2) Includes $1 million and $25 million of TDR loans accounted for under the fair value option at March 31, 2017 and December 31, 2016 , respectively. The following table provides a summary of newly modified TDRs: New TDRs Number of Accounts Pre-Modification Unpaid Principal Balance Post-Modification Unpaid Principal Balance (1) Increase in Allowance at Modification (Dollars in millions) Three Months Ended March 31, 2017 Residential first mortgages 2 $ — $ — $ — Second mortgages 9 1 1 — HELOC (2) 5 — — — Total TDR loans 16 $ 1 $ 1 $ — Three Months Ended March 31, 2016 Residential first mortgages 13 $ 2 $ 3 $ — Second mortgages 21 1 1 — HELOC (2) 65 4 3 — Commercial and Industrial 1 2 1 — Total TDR loans 100 $ 9 $ 8 $ — (1) Post-modification balances include past due amounts that are capitalized at modification date. (2) HELOC post-modification unpaid principal balance reflects write downs. There were no TDRs that were modified in the previous 12 months, which have subsequently defaulted during the three months ended March 31, 2017 , as compared to one residential first mortgage loan and four HELOC loans which subsequently defaulted during the three months ended March 31, 2016 , with a UPB of less than $1 million . All TDR classes within the consumer and commercial portfolios are considered subsequently defaulted when greater than 90 days past due. There was no increase or decrease in the allowance associated with these TDRs at subsequent default. Subsequent default is defined as a payment re-defaulted within 12 months of the restructuring date. Impaired Loans The following table presents individually evaluated impaired loans and the associated allowance: March 31, 2017 December 31, 2016 Recorded Investment Net Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in millions) With no related allowance recorded Consumer loans Residential first mortgage $ 11 $ 12 $ — $ 6 $ 6 $ — Total consumer loans with no related allowance recorded $ 11 $ 12 $ — $ 6 $ 6 $ — With an allowance recorded Consumer loans Residential first mortgage $ 24 $ 24 $ 4 $ 40 $ 40 $ 5 Second mortgage 24 24 5 26 26 6 HELOC 3 3 2 3 3 2 Total consumer loans with an allowance recorded $ 51 $ 51 $ 11 $ 69 $ 69 $ 13 Consumer loans Residential first mortgage $ 35 $ 36 $ 4 $ 46 $ 46 $ 5 Second mortgage 24 24 5 26 26 6 HELOC 3 3 2 3 3 2 Total impaired loans $ 62 $ 63 $ 11 $ 75 $ 75 $ 13 The following table presents average impaired loans and the interest income recognized: Three Months Ended March 31, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in millions) Consumer loans Residential first mortgage $ 42 $ — $ 74 $ 1 Second mortgage 25 1 27 — HELOC 3 — 4 — Commercial loans Commercial and industrial — — 5 — Total impaired loans $ 70 $ 1 $ 110 $ 1 Credit Quality We utilize an internal risk rating system which is applied to all consumer and commercial loans. Descriptions of our internal risk ratings as they relate to credit quality follow the ratings used by the U.S. bank regulatory agencies as listed below. Pass. Pass assets are not impaired nor do they have any known deficiencies that could impact the quality of the asset. Watch. Watch assets are defined as pass rated assets that exhibit elevated risk characteristics or other factors that deserve management’s close attention and increased monitoring. However, the asset does not exhibit a potential or well-defined weakness that would warrant a downgrade to criticized or adverse classification. Special mention. Assets identified as special mention possess credit deficiencies or potential weaknesses deserving management's close attention. Special mention assets have a potential weakness or pose an unwarranted financial risk that, if not corrected, could weaken the assets and increase risk in the future. Special mention assets are criticized, but do not expose an institution to sufficient risk to warrant adverse classification. Substandard . Assets identified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. For HELOC loans and other consumer loans, we evaluate credit quality based on the aging and status of payment activity and any other known credit characteristics that call into question full repayment of the asset. Nonperforming loans are classified as either substandard, doubtful or loss. Doubtful . An asset classified as doubtful has all the weaknesses inherent in one classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. A doubtful asset has a high probability of total or substantial loss, but because of specific pending events that may strengthen the asset, its classification as loss is deferred. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Pending events can include mergers, acquisitions, liquidations, capital injections, the perfection of liens on additional collateral, the valuation of collateral, and refinancing. Generally, pending events should be resolved within a relatively short period and the ratings will be adjusted based on the new information. Because of high probability of loss, non-accrual accounting treatment is required for doubtful assets. Loss. An asset classified as loss is considered uncollectible and of such little value that the continuance as a bankable asset is not warranted. This classification does not mean that an asset has absolutely no recovery or salvage value, but, rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. Commercial Loans Management conducts periodic examinations which serve as an independent verification of the accuracy of the ratings assigned. Loan grades are based on different factors within the borrowing relationship: entity sales, debt service coverage, debt/total net worth, liquidity, balance sheet and income statement trends, management experience, business stability, financing structure, and financial reporting requirements. The underlying collateral is also rated based on the specific type of collateral and corresponding LTV. The combination of the borrower and collateral risk ratings result in the final rating for the borrowing relationship. Consumer Loans The same rating principles are used for consumer and commercial loans, but the principles are applied differently for consumer loans. Consumer loans consist of open and closed end loans extended to individuals for household, family, and other personal expenditures, and includes consumer loans, and loans to individuals secured by their personal residence, including first mortgage, home equity, and home improvement loans. Because consumer loans are usually relatively small-balance, homogeneous exposures, consumer loans are rated primarily on payment performance. Payment performance is a proxy for the strength of repayment capacity and loans are generally classified based on their payment status rather than by an individual review of each loan. In accordance with regulatory guidance, we assign risk ratings to consumer loans in the following manner: • Consumer loans are classified as Watch once the loan becomes 60 days past due. • Open and closed-end consumer loans 90 days or more past due are classified Substandard. March 31, 2017 Pass Watch Special Mention Substandard Total Loans (Dollars in millions) Consumer Loans Residential First Mortgage $ 2,414 $ 21 $ — $ 28 $ 2,463 Second Mortgage 60 25 — 1 86 HELOC 286 3 — 1 290 Other Consumer 27 — — — 27 Total Consumer Loans $ 2,787 $ 49 $ — $ 30 $ 2,866 Commercial Loans Commercial Real Estate $ 1,357 $ 34 $ — $ 8 $ 1,399 Commercial and Industrial 769 58 9 18 854 Warehouse 813 27 — — 840 Total Commercial Loans $ 2,939 $ 119 $ 9 $ 26 $ 3,093 December 31, 2016 Pass Watch Special Mention Substandard Total Loans (Dollars in millions) Consumer Loans Residential First Mortgage $ 2,273 $ 23 $ — $ 31 $ 2,327 Second Mortgage 87 35 — 4 126 HELOC 299 11 — 7 317 Other Consumer 28 — — — 28 Total Consumer Loans $ 2,687 $ 69 $ — $ 42 $ 2,798 Commercial Loans Commercial Real Estate $ 1,225 $ 27 $ 3 $ 6 $ 1,261 Commercial and Industrial 678 59 21 11 769 Warehouse 1,168 16 53 — 1,237 Total Commercial Loans $ 3,071 $ 102 $ 77 $ 17 $ 3,267

Loans with Government Guarantee

Loans with Government Guarantees	3 Months Ended
	Mar. 31, 2017
Loans and Leases Receivable Disclosure [Abstract]
Loans with Government Guarantees	Loans with Government Guarantees Substantially all loans with government guarantees are insured or guaranteed by the FHA and U.S. Department of Veterans Affairs. FHA loans earn interest at a rate based upon the 10 -year U.S. Treasury note rate at the time the underlying loan becomes delinquent, which is not paid by the FHA until claimed. Certain loans within our portfolio may be subject to indemnifications and insurance limits which exposes us to limited credit risk. We have reserved for these risks within other assets and as a component of our ALLL on residential first mortgages. At March 31, 2017 and December 31, 2016 , respectively, loans with government guarantees totaled $322 million and $365 million . At March 31, 2017 and December 31, 2016 , respectively, repossessed assets and the associated claims recorded in other assets totaled $119 million and $135 million .

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
	Mar. 31, 2017
Disclosure of Transfer of Securitizations or Asset-backed Financing Financial Assets Accounted for as Sale [Abstract]
Variable Interest Entities (VIEs)	Variable Interest Entities ("VIEs") We have no consolidated VIEs as of March 31, 2017 and December 31, 2016 . We have a continuing involvement, but are not the primary beneficiary for one unconsolidated VIE related to the FSTAR 2007-1 mortgage securitization trust. In accordance with the settlement agreement with MBIA, there is no further recourse to us related to FSTAR 2007-1, unless MBIA fails to meet their obligations. At March 31, 2017 and December 31, 2016 , the FSTAR 2007-1 mortgage securitization trust included 2,320 loans and 2,453 loans, respectively, with an aggregate principal balance of $82 million and $89 million , respectively.

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2017
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	Mortgage Servicing Rights We have investments in MSRs that result from the sale of loans to the secondary market for which we retain the servicing. The primary risk associated with MSRs is the potential reduction in fair value as a result of higher than anticipated prepayments due to loan refinancing prompted, in part, by declining interest rates or government intervention. Conversely, these assets generally increase in value in a rising interest rate environment to the extent that prepayments are slower than anticipated. We utilize derivatives as economic hedges to offset changes in the fair value of the MSRs resulting from the actual or anticipated changes in prepayments stemming from changing interest rate environments. There is also a risk of valuation decline due to higher than expected increases in default rates, which we do not believe can be effectively managed using derivatives. For further information, See Note 8 - Derivative Financial Instruments, regarding the derivative instruments utilized to manage our MSR risks. Changes in the carrying value of residential first mortgage MSRs, accounted for at fair value, were as follows: Three Months Ended March 31, 2017 2016 (Dollars in millions) Balance at beginning of period $ 335 $ 296 Additions from loans sold with servicing retained 21 57 Reductions from sales (65 ) (24 ) Changes in fair value due to (1) Decrease in MSR due to pay-offs, pay-downs and run-off (6 ) (11 ) Changes in estimates of fair value (2) 10 (37 ) Balance at end of period $ 295 $ 281 (1) Changes in fair value are included within net return (loss) on MSRs on the Consolidated Statements of Operations. (2) Represents estimated MSR value change resulting primarily from market-driven changes. The following table summarizes the hypothetical effect on the fair value of servicing rights using adverse changes of 10 percent and 20 percent to the weighted average of certain significant assumptions used in valuing these assets. The significant assumptions used in the fair value measurement of the MSRs are option adjusted spread and prepayment rate. Significant increases (decreases) in both of these assumptions in isolation would result in a significantly lower (higher) fair value measurement. March 31, 2017 December 31, 2016 Fair value after Fair value after Actual 10% adverse change 20% adverse change Actual 10% adverse change 20% adverse change (Dollars in millions) Option adjusted spread 6.56 % $ 289 $ 284 7.78 % $ 326 $ 318 Constant prepayment rate 9.00 % 285 277 16.68 % 322 311 Weighted average cost to service per loan $ 68.04 292 288 $ 68.18 330 326 The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. Changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. To isolate the effect of the specified change, the fair value shock analysis is consistent with the identified adverse change, while holding all other assumptions constant. In practice, a change in one assumption generally impacts other assumptions, which may either magnify or counteract the effect of the change. For further fair value disclosures relating to MSRs, see Note 17 - Fair Value Measurements. Contractual servicing and subservicing fees . Contractual servicing and subservicing fees, including late fees and other ancillary income are presented below. Contractual servicing fees are included within net (loss) return on MSRs on the Consolidated Statements of Operations. Contractual subservicing fees including late fees and other ancillary income are included within loan administration income on the Consolidated Statements of Operations. Subservicing fee income is recorded for fees earned, net of third party subservicing costs, for loans subserviced. The following table summarizes income and fees associated with contractual servicing rights: Three Months Ended March 31, 2017 2016 (Dollars in millions) Income on mortgage servicing rights Servicing fees, ancillary income and late fees (1) $ 20 $ 17 Changes in fair value 4 (48 ) (Loss) gain on MSR derivatives (2) (8 ) 26 Net transaction costs (2 ) (1 ) Total net return (loss) on mortgage servicing rights $ 14 $ (6 ) (1) Servicing fees are recorded on the accrual basis. Ancillary income and late fees are recorded on a cash basis. (2) Changes in the derivatives utilized as economic hedges to offset changes in fair value of the MSRs. The following table summarizes income and fees associated with our mortgage loans subserviced: Three Months Ended March 31, 2017 2016 (Dollars in millions) Income (expenses) on mortgage loans subserviced Servicing fees, ancillary income and late fees (1) $ 8 $ 8 Other servicing charges (2 ) (2 ) Total income on mortgage loans subserviced, included in loan administration $ 6 $ 6 (1) Servicing fees are recorded on the accrual basis. Ancillary income and late fees are recorded on cash basis.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments are recorded at fair value in other assets and other liabilities on the Consolidated Statements of Financial Condition after taking into account the effects of legally enforceable bilateral collateral and master netting agreements. We are exposed to non-performance risk by the counterparties to our various derivative financial instruments. A majority of our derivatives are centrally cleared through a Central Counterparty Clearing House or consist of residential mortgage interest rate lock commitments further limiting our exposure to non-performance risk. We believe that the non-performance risk inherent in our remaining derivative contracts is minimal based on credit standards and the collateral provisions of the derivative agreements. Derivatives not designated as hedging instruments: We maintain a derivative portfolio of interest rate swaps, futures and forward commitments used to manage exposure to changes in interest rates, MSR asset values and to meet the needs of customers. We also enter into interest rate lock commitments, which are commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. Market risk on interest rate lock commitments and mortgage LHFS is managed using corresponding forward sale commitments. Changes in fair value of derivatives not designated as hedging instruments are recognized in the Consolidated Statements of Income. Derivatives designated as hedging instruments: We have designated certain interest rate swaps as cash flow hedges of certain interest rate payments of our variable-rate FHLB advances. Changes in the fair value of derivatives designated as cash flow hedges are recorded in other comprehensive income (loss) on the Consolidated Statement of Financial Condition and reclassified into interest expense in the same period in which the hedge transaction is recognized in earnings. At March 31, 2017 , we had $2 million (net-of-tax) of unrealized gains on derivatives classified as cash flow hedges recorded in accumulated other comprehensive income (loss), compared to $1 million at December 31, 2016 . The estimated amount to be reclassified from other comprehensive income into earnings during the next 12 months represents $4 million of losses (net-of-tax). Derivatives that are designated in hedging relationships are assessed for effectiveness using regression analysis at inception and throughout the hedge period. All hedge relationships were and are expected to be highly effective as of March 31, 2017 . Cash flows and the profit impact associated with designated hedges are reported in the same category as the underlying hedged item. The notional amount, estimated fair value and maturity of our derivative financial instruments were as follows: March 31, 2017 (1) Notional Amount Fair Value (2) Expiration Dates (Dollars in millions) Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances $ 200 $ — 2024 Liabilities Interest rate swaps on FHLB advances $ 630 $ 1 2023-2026 Derivatives not designated as hedging instruments: Assets Futures $ 2,190 $ 1 2017-2019 Mortgage backed securities forwards 699 3 2017 Rate lock commitments 4,627 41 2017 Interest rate swaps and swaptions 2,629 32 2017-2047 Total derivative assets $ 10,145 $ 77 Liabilities Futures $ 198 $ — 2018-2021 Mortgage backed securities forwards 6,269 38 2017 Rate lock commitments 77 — 2017 Interest rate swaps 602 3 2017-2027 Total derivative liabilities $ 7,146 $ 41 December 31, 2016 Notional Amount Fair Value (2) Expiration Dates (Dollars in millions) Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances $ 600 $ 20 2023-2026 Liabilities Interest rate swaps on FHLB advances $ 230 $ 1 2025-2026 Derivatives not designated as hedging instruments: Assets Futures $ 4,621 $ 2 2017-2020 Mortgage backed securities forwards 3,776 43 2017 Rate lock commitments 3,517 24 2017 Interest rate swaps and swaptions 2,231 35 2017-2033 Total derivative assets $ 14,145 $ 104 Liabilities Futures $ 134 $ — 2017 Mortgage backed securities forwards 1,893 11 2017 Rate lock commitments 598 6 2017 Interest rate swaps 1,129 37 2017-2047 Total derivative liabilities $ 3,754 $ 54 (1) At March 31, 2017 , variation margin pledged to or received from a Central Counterparty Clearing House to cover the prior day’s fair value of open positions is considered settlement of the derivative position for accounting purposes. At December 31, 2016 , variation margin was not recognized as settlement. (2) Derivative assets and liabilities are included in other assets and other liabilities on the Consolidated Statements of Financial Condition, respectively. The following tables present the derivatives subject to a master netting arrangement, including the cash pledged as collateral: Gross Amounts Netted in the Statement of Financial Position Net Amount Presented in the Statement of Financial Position Gross Amounts Not Offset in the Statement of Financial Position Gross Amount Financial Instruments Cash Collateral (Dollars in millions) March 31, 2017 Derivatives designated as hedging instruments: Liabilities Interest rate swaps on FHLB advances (1) $ 1 $ — $ 1 $ — $ 28 Derivatives not designated as hedging instruments: Assets Futures $ 1 $ — $ 1 $ — $ — Mortgage backed securities forwards 3 — 3 — — Interest rate swaps and swaptions (1) 32 — 32 — 37 Total derivative assets $ 36 $ — $ 36 $ — $ 37 Liabilities Mortgage backed securities forwards 38 — 38 — 36 Interest rate swaps and swaptions (1) 3 — 3 — 14 Total derivative liabilities $ 41 $ — $ 41 $ — $ 50 December 31, 2016 Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances (1) $ 20 $ 1 $ 19 $ — $ — Liabilities Interest rate swaps on FHLB advances (1) $ 1 $ 1 $ — $ — $ 33 Derivatives not designated as hedging instruments: Assets Futures $ 2 $ — $ 2 $ — $ — Mortgage-backed securities forwards 43 $ — 43 $ — 44 Interest rate swaps and swaptions (1) 35 — 35 — 30 Total derivative assets $ 80 $ — $ 80 $ — $ 74 Liabilities Futures $ — $ — $ — $ — $ 1 Mortgage-backed securities forwards 11 — 11 — — Interest rate swaps and swaptions (1) 37 — 37 — 20 Total derivative liabilities $ 48 $ — $ 48 $ — $ 21 (1) At March 31, 2017 , variation margin pledged to or received from a Central Counterparty Clearing House to cover the prior day’s fair value of open positions is considered settlement of the derivative position for accounting purposes. At December 31, 2016 , variation margin was not recognized as settlement and we had an additional $15 million in variation margin in excess of the amounts disclosed above. We pledged a total of $78 million of cash collateral to counterparties and had an obligation to return cash of $37 million at March 31, 2017 for derivative activities. We pledged a total of $54 million of cash collateral to counterparties and had an obligation to return cash of $74 million at December 31, 2016 for derivative activities. The net cash pledged is included in other assets on the Consolidated Statements of Financial Condition. The net gain (loss) recognized in income on derivative instruments, net of the impact of offsetting positions, were as follows: Three Months Ended March 31, 2017 2016 (Dollars in millions) Derivatives not designated as hedging instruments: Location of Gain/(Loss) Futures Net return (loss) on mortgage servicing rights $ — $ 3 Interest rate swaps and swaptions Net return (loss) on mortgage servicing rights (8 ) 15 Mortgage-backed securities forwards Net return (loss) on mortgage servicing rights — 8 Rate lock commitments and forward agency and loan sales Net (loss) gain on loan sales (49 ) 5 Rate lock commitments Other noninterest income — 1 Interest rate swaps (1) Other noninterest income — 2 Total derivative (loss) gain $ (57 ) $ 34 (1) Includes customer-initiated commercial interest rate swaps.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Borrowings	Borrowings Federal Home Loan Bank Advances The following is a breakdown of our FHLB advances outstanding: March 31, 2017 December 31, 2016 Amount Rate Amount Rate (Dollars in millions) Short-term fixed rate term advances $ 3,186 0.87 % $ 1,780 0.62 % Total Short-term Federal Home Loan Bank advances 3,186 1,780 Long-term LIBOR adjustable advances 1,025 1.27 % 1,025 1.12 % Long-term fixed rate advances (1) 175 1.12 % 175 1.12 % Total Long-term Federal Home Loan Bank advances 1,200 1,200 Total Federal Home Loan Bank advances $ 4,386 $ 2,980 (1) Includes the current portion of fixed rate advances of $175 million and $50 million at March 31, 2017 and December 31, 2016 , respectively. We settled $250 million in long-term fixed rate FHLB advances during the fourth quarter 2016. We are required to maintain a minimum amount of qualifying collateral. In the event of default, the FHLB advance is similar to a secured borrowing, whereby the FHLB has the right to sell the pledged collateral to settle the fair value of the outstanding advances. At March 31, 2017 , we had the authority and approval from the FHLB to utilize a line of credit of up to $7.0 billion and we may access that line to the extent that collateral is provided. At March 31, 2017 , we had $4.4 billion of advances outstanding and an additional $847 million of collateralized borrowing capacity available at the FHLB. The advances can be collateralized by non-delinquent single-family residential first mortgage loans, loans with government guarantees, certain other loans and investment securities. At March 31, 2017 , $1.0 billion of the outstanding advances were adjustable rate, with interest rates that reset every three months and are based on the three -month LIBOR index. The advances may be prepaid without penalty, with notification at scheduled three month intervals after an initial 12 month lockout period which begins on the date of settlement. The outstanding advances included $830 million in a cash flow hedge relationship as discussed in Note 8 - Derivative Financial Instruments. The following table contains detailed information on our FHLB advances and other borrowings: Three Months Ended March 31, 2017 2016 (Dollars in millions) Maximum outstanding at any month end $ 4,386 $ 3,557 Average outstanding balance 3,022 3,222 Average remaining borrowing capacity 1,673 704 Weighted average interest rate 1.18 % 1.10 % The following table outlines the maturity dates of our FHLB advances and other borrowings: March 31, 2017 (Dollars in millions) 2017 $ 3,236 2018 125 2019 — 2020 — Thereafter 1,025 Total $ 4,386 Parent Company Senior Notes and Trust Preferred Securities The following table presents long-term debt, net of debt issuance costs: March 31, 2017 December 31, 2016 Amount Interest Rate Amount Interest Rate (Dollars in millions) Senior Notes Senior notes, matures 2021 $ 246 6.125 % $ 246 6.125 % Trust Preferred Securities Floating Three Month LIBOR Plus 3.25%, matures 2032 $ 26 4.40 % $ 26 4.25 % Plus 3.25%, matures 2033 26 4.27 % 26 4.13 % Plus 3.25%, matures 2033 26 4.40 % 26 4.25 % Plus 2.00%, matures 2035 26 3.02 % 26 2.88 % Plus 2.00%, matures 2035 26 3.02 % 26 2.88 % Plus 1.75%, matures 2035 51 2.88 % 51 2.71 % Plus 1.50%, matures 2035 25 2.52 % 25 2.38 % Plus 1.45%, matures 2037 25 2.58 % 25 2.41 % Plus 2.50%, matures 2037 16 3.63 % 16 3.46 % Total Trust Preferred Securities 247 247 Total other long-term debt $ 493 $ 493 Senior Notes On July 11, 2016, we issued $250 million of senior notes (“2021 Senior Notes”) which mature on July 15, 2021. The proceeds from these notes were used to bring dividends current and redeem our outstanding Series C Preferred Stock. The notes are unsecured and rank equally and ratably with the unsecured senior indebtedness of Flagstar Bancorp, Inc. Prior to June 15, 2021, we may redeem some or all of the 2021 Senior Notes at a redemption price equal to the greater of 100 percent of the aggregate principal amount of the notes to be redeemed or the sum of the present values of the remaining scheduled payments discounted to the redemption date on a semi-annual basis using a discount rate equal to the Treasury Rate plus 0.50 percent , plus, in each case accrued and unpaid interest. Trust Preferred Securities We sponsor nine trust subsidiaries, which issued preferred stock to third party investors. We issued trust preferred securities to those trusts, which we have included in long-term debt. The trust preferred securities are the sole assets of those trusts. The trust preferred securities are callable by us at any time. Interest is payable quarterly; however, we may defer interest payments for up to 20 quarters without default or penalty. As of March 31, 2017, we had no deferred interest.

Representation and Warranty Res

Representation and Warranty Reserve	3 Months Ended
	Mar. 31, 2017
Representation and Warranty Reserve Disclosures [Abstract]
Representation and Warranty Reserve	Representation and Warranty Reserve At the time a loan is sold, an estimate of the fair value of the guarantee associated with the mortgage loans is recorded in the representation and warranty reserve in the Consolidated Statements of Financial Condition which reduces the net gain on loan sales in the Consolidated Statements of Operations. Subsequent to the sale, the liability is re-measured on an ongoing basis based on an estimate of probable losses. Changes in the estimate are recorded in the representation and warranty (provision) benefit on the Consolidated Statements of Operations. The following table shows the activity impacting the representation and warranty reserve: Three Months Ended March 31, 2017 2016 (Dollars in millions) Balance at beginning of period $ 27 $ 40 Provision (benefit) Gain on sale reduction for representation and warranty liability — 2 Representation and warranty provision (benefit) (4 ) (2 ) Total (4 ) — Balance at end of period $ 23 $ 40

Warrants and Restricted Stock U

Warrants and Restricted Stock Units	3 Months Ended
	Mar. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
Warrants and Restricted Stock Units	Warrants and Restricted Stock Units May Investor Warrant We granted warrants (the "May Investor Warrants") on January 30, 2009 under anti-dilution provisions applicable to certain investors (the "May Investors") in our May 2008 private placement capital raise. 237,627 May Investor Warrants were exercised during the three months ended March 31, 2017 , resulting in the issuance of 154,313 shares of Common Stock. There are no remaining May Investor Warrants outstanding as of March 31, 2017 . At March 31, 2017 , due to all remaining May Investor Warrants being exercised, the liability from May Investors Warrants amounted to zero . At December 31, 2016 , the liability was $4 million . For further information, see Note 17 - Fair Value Measurements. TARP Warrant On January 30, 2009, in conjunction with the sale of 266,657 shares of Series C fixed rate cumulative non-convertible perpetual preferred stock ("Series C Preferred Stock") for $267 million , we issued a warrant to purchase up to approximately 645,138 shares of Common Stock at an exercise price of $62.00 per share (the "Warrant"). The Warrant is exercisable through January 30, 2019 and remains outstanding. Restricted Stock Units We had stock-based compensation expense of $4 million for the three months ended March 31, 2017 . The following table summarizes restricted stock activity: Three Months Ended March 31, 2017 Shares Weighted — Average Grant-Date Fair Value per Share Restricted Stock Non-vested balance at beginning of period 1,461,910 $ 17.68 Granted 85,892 26.60 Vested (79,712 ) 21.34 Canceled and forfeited (2,197 ) 22.19 Non-vested balance at end of period 1,465,893 $ 18.00

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table sets forth the components in accumulated other comprehensive income (loss): Three Months Ended March 31, 2017 2016 (Dollars in millions) Investment securities Beginning balance $ (8 ) $ 5 Unrealized gain (loss) — 24 Less: Tax (benefit) provision — 9 Net unrealized gain (loss) — 15 Other comprehensive income/(loss), net of tax — 15 Ending balance $ (8 ) $ 20 Cash Flow Hedges Beginning balance $ 1 $ (3 ) Unrealized gain (loss) 2 (48 ) Less: Tax (benefit) provision 1 (16 ) Net unrealized gain (loss) 1 (32 ) Reclassifications out of AOCI (1) — 4 Less: Tax (benefit) provision — — Net unrealized gain (loss) reclassified out of AOCI — 4 Other comprehensive income/(loss), net of tax 1 (28 ) Ending balance $ 2 $ (31 ) (1) Reclassifications are reported in other noninterest income on the Consolidated Statement of Operations.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share, excluding dilution, is computed by dividing earnings applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock or resulted in the issuance of common stock that could then share in our earnings. The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock: Three Months Ended March 31, 2017 2016 (Dollars in millions, except share data) Net income $ 27 $ 39 Deferred cumulative preferred stock dividends — (8 ) Net income applicable to common stockholders $ 27 $ 31 Weighted average shares Weighted average common shares outstanding 56,921,605 56,513,715 Effect of dilutive securities May Investor Warrants 49,149 305,219 Stock-based awards 1,101,809 782,050 Weighted average diluted common shares 58,072,563 57,600,984 Earnings per common share Basic earnings per common share $ 0.47 $ 0.56 Effect of dilutive securities May Investor Warrants — — Stock-based awards (0.01 ) (0.02 ) Diluted earnings per common share $ 0.46 $ 0.54 Under the terms of the Series C Preferred Stock the Company elected to defer payments of preferred stock dividends beginning with the February 2012 dividend. Although, while being deferred, the impact was not included in quarterly net income from continuing operations, the deferral did impact net income applicable to common stock for the purpose of calculating earnings per share, as shown above. On July 29, 2016, we completed the previously announced $267 million redemption of our Series C Preferred Stock.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes in interim periods requires us to make a best estimate of the effective tax rate expected to be applicable for the full year. This estimated effective tax rate is then applied to interim consolidated pre-tax operating income to determine the interim provision for income taxes. Three Months Ended March 31, 2017 2016 (Dollars in millions) Provision for income taxes $ 13 $ 21 Effective tax provision rate 33.1 % 34.3 % We believe that it is unlikely that the unrecognized tax benefits will change by a material amount during the next 12 months . We recognize interest and penalties related to unrecognized tax benefits in provision for income taxes.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2017
Regulatory Capital Requirements [Abstract]
Regulatory Matters	Regulatory Matters Regulatory Capital We, along with the Bank, must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that could have a material effect on the Consolidated Financial Statements. On January 1, 2015, the Basel III rules became effective and include transition provisions through 2018. To be categorized as "well-capitalized," the Company and the Bank must maintain minimum tangible capital, Tier 1 capital, common equity Tier 1, and total capital ratios as set forth in the table below. We, along with the Bank, are considered "well-capitalized" at both March 31, 2017 and December 31, 2016 . The following tables present the regulatory capital ratios as of the dates indicated: Bancorp Actual For Capital Adequacy Purposes Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in millions) March 31, 2017 Tangible capital (to tangible assets) $ 1,277 9.31 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,277 9.31 % $ 549 4.00 % $ 686 5.00 % Common equity Tier 1 capital (to RWA) 1,071 12.32 % 391 4.50 % 565 6.50 % Tier 1 capital (to risk-weighted assets) 1,277 14.70 % 521 6.00 % 695 8.00 % Total capital (to risk-weighted assets) 1,389 15.98 % 695 8.00 % 869 10.00 % December 31, 2016 Tangible capital (to tangible assets) $ 1,256 8.88 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,256 8.88 % $ 566 4.0 % $ 707 5.0 % Common equity Tier 1 capital (to RWA) 1,084 13.06 % 374 4.5 % 540 6.5 % Tier 1 capital (to risk-weighted assets) 1,256 15.12 % 498 6.0 % 664 8.0 % Total capital (to risk-weighted assets) 1,363 16.41 % 664 8.0 % 830 10.0 % N/A - Not applicable Bank Actual For Capital Adequacy Purposes Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in millions) March 31, 2017 Tangible capital (to tangible assets) $ 1,477 10.74 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,477 10.74 % $ 550 4.00 % $ 688 5.00 % Common equity tier 1 capital (to RWA) 1,477 16.93 % 393 4.50 % 567 6.50 % Tier 1 capital (to risk-weighted assets) 1,477 16.93 % 524 6.00 % 698 8.00 % Total capital (to risk-weighted assets) 1,588 18.20 % 698 8.00 % 873 10.00 % December 31, 2016 Tangible capital (to tangible assets) $ 1,491 10.52 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,491 10.52 % $ 567 4.0 % $ 709 5.0 % Common equity tier 1 capital (to RWA) 1,491 17.90 % 375 4.5 % 542 6.5 % Tier 1 capital (to risk-weighted assets) 1,491 17.90 % 500 6.0 % 667 8.0 % Total capital (to risk-weighted assets) 1,598 19.18 % 667 8.0 % 833 10.0 % N/A - Not applicable

Legal Proceedings, Contingencie

Legal Proceedings, Contingencies and Commitments	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings, Contingencies and Commitments	Legal Proceedings, Contingencies and Commitments Legal Proceedings We and our subsidiaries are subject to various pending or threatened legal proceedings arising out of the normal course of business operations. In addition, the Bank is routinely named in civil actions throughout the country by borrowers and former borrowers relating to the origination, purchase, sale, and servicing of mortgage loans. From time to time, governmental agencies also conduct investigations or examinations of various mortgage-related practices of the Bank. In the course of such investigations or examinations, the Bank cooperates with such agencies and provides information as requested. We assess the liabilities and loss contingencies in connection with pending or threatened legal and regulatory proceedings on at least a quarterly basis and establish accruals when we believe it is probable that a loss may be incurred and that the amount of such loss can be reasonably estimated. Once established, litigation accruals are adjusted, as appropriate, in light of additional information. Management does not believe that the amount of any reasonably possible losses in excess of any amounts accrued with respect to ongoing proceedings or any other known claims will be material to our financial statements, or that the ultimate outcome of these actions will have a material adverse effect on our financial condition, results of operations or cash flows. DOJ litigation settlement In 2012, the Bank entered into a Settlement Agreement with the DOJ which meets the definition of a financial liability (the "DOJ Liability"). In accordance with the Settlement Agreement, we made an initial payment of $15 million and agreed to make future annual payments totaling $118 million . The Settlement Agreement provides that the Bank will make annual payments in increments of up to $25 million towards the $118 million still due upon meeting all conditions which are evaluated quarterly and include: (a) the reversal of the DTA valuation allowance, which occurred at the end of 2013; (b) the repayment of the Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred"), which occurred in the third quarter of 2016; (c) our Bank’s Tier 1 Leverage Capital Ratio is 11 percent or more. Additionally, if the Bank and Bancorp become party to a business combination in which the Bank or Bancorp represent less than 33.3 percent of the resulting company’s assets, such annual payments must commence twelve months after the date of that business combination. Within six months of satisfying the conditions specified above, the Bank would make an additional payment, to occur no more frequently than annually, provided that doing so would not violate any material banking regulatory requirement or the OCC does not object in writing. Consistent with our business and regulatory requirements, Flagstar shall seek in good faith to fulfill the conditions, and will not undertake any conduct or fail to take any action the purpose of which is to frustrate or delay our ability to fulfill any of the above conditions. We elected to account for the DOJ Liability under the fair value option. To determine the fair value, we utilize a discounted cash flow model. Key assumptions for the discounted cash flow model include using a discount rate as of March 31, 2017 of 8.6 percent ; probability weightings of multiple cash flow scenarios and possible outcomes which contemplate the above conditions and estimates of forecasted net income, size of the balance sheet, capital levels, dividends and their impact on the timing of cash payments and the assumptions we believe a market participant would make to transfer the liability. The fair value of the DOJ Liability was $60 million at both March 31, 2017 and December 31, 2016 . Other litigation accruals At both March 31, 2017 and December 31, 2016 , excluding the fair value liability relating to the DOJ litigation settlement, our total accrual for contingent liabilities, settled litigation and regulatory matters was $3 million . Commitments A summary of the contractual amount of significant commitments is as follows: March 31, 2017 December 31, 2016 (Dollars in millions) Commitments to extend credit Mortgage loans interest-rate lock commitments $ 4,704 $ 4,115 Warehouse loan commitments 1,623 1,670 Commercial and industrial commitments 521 424 Other commercial commitments 774 651 HELOC commitments 183 179 Other consumer commitments 37 57 Standby and commercial letters of credit 37 30 Commitments to extend credit are agreements to lend. Since many of these commitments expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. Commitments generally have fixed expiration dates or other termination clauses. We evaluate each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by us, upon extension of credit is based on management's credit evaluation of the counterparties. These instruments involve, to varying degrees, elements of credit and interest rate risk beyond the amount recognized on the Consolidated Statements of Financial Condition. Our exposure to credit losses in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. We utilize the same credit policies in making commitments and conditional obligations as we do for balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is not a violation of any condition established in the contract. The types of credit we extend are as follows: Mortgage loan interest-rate lock commitments. We enter into mortgage interest-rate lock commitments with our customers. These commitments are considered to be derivative instruments and the fair value of these commitments is recorded in the Consolidated Statements of Financial Condition in other assets. For further information, see Note 8 - Derivative Financial Instruments. Warehouse loan commitments. Lines of credit provided to mortgage originators to fund loans they originate and then sell. The proceeds of the sale of the loans are used to repay the draw on the line used to fund the loans. Commercial and industrial and other commercial commitments. Conditional commitments issued under various terms to lend funds to business and other entities. These commitments include revolving credit agreements, term loan commitments and short-term borrowing agreements. Many of these loan commitments have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of these commitments are expected to expire without being funded, the total commitment amounts do not necessarily represent future liquidity requirements. HELOC commitments. Commitments to extend, originate or purchase credit are primarily lines of credit to consumers and have specified rates and maturity dates. Many of these commitments also have adverse change clauses, which allow us to cancel the commitment due to deterioration in the borrowers’ creditworthiness and due to a decline in the collateral value. Other consumer commitments. C onditional commitments issued to accommodate the financial needs of customers. The commitments are under various terms to lend funds to consumers, which include revolving credit agreements, term loan commitments and short-term borrowing agreements. Standby and commercial letters of credit. Conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party, while commercial letters of credit are issued specifically to facilitate commerce and typically result in the commitment being drawn on when the underlying transaction is consummated between the customer and the third party. We maintain a reserve for the estimate of probable credit losses inherent in unfunded commitments to extend credit. Unfunded commitments to extend credit include unfunded loans with available balances, new commitments to lend that are not yet funded, and standby and commercial letters of credit. A reserve balance of $3 million , at March 31, 2017 and December 31, 2016 , is reflected in other liabilities on the Consolidated Statements of Financial Condition. As of March 31, 2017 , we have made commitments to sell $65 million of our MSR assets with sub-servicing retained. These sales are expected to close in the second quarter of 2017.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We utilize fair value measurements to record or disclose the fair value on certain assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability through an orderly transaction between market participants at the measurement date. The determination of fair values of financial instruments often requires the use of estimates. In cases where quoted market values in an active market are not available, we use present value techniques and other valuation methods to estimate the fair values of our financial instruments. These valuation models rely on market-based parameters when available, such as interest rate yield curves or credit spreads. Unobservable inputs may be based on management's judgment, assumptions and estimates related to credit quality, our future earnings, interest rates and other relevant inputs. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used. Refer to Note 22 - Fair Value Measurements to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016, for a description of our valuation methodologies and information about the fair value hierarchy. Valuation Hierarchy U.S. GAAP establishes a three-level valuation hierarchy for disclosure of fair value measurements. The hierarchy is based on the transparency of the inputs used in the valuation process with the highest priority given to quoted prices available in active markets and the lowest priority to unobservable inputs where no active market exists, as discussed below. Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets in which we can participate as of the measurement date; Level 2 - Quoted prices for similar instruments in active markets, and other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and Level 3 - Unobservable inputs that reflect our own assumptions about the assumptions that market participants would use in pricing an asset or liability. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input within the valuation hierarchy that is significant to the overall fair value measurement. Transfers between levels of the fair value hierarchy are recognized at the end of the reporting period. Assets and Liabilities Measured at Fair Value on a Recurring Basis. The following tables present the financial instruments carried at fair value as of March 31, 2017 and December 31, 2016 , by caption on the Consolidated Statement of Financial Condition and by level in the valuation hierarchy. March 31, 2017 Level 1 Level 2 Level 3 Total Fair Value (Dollars in millions) Investment securities available-for-sale Agency - Commercial $ — $ 532 $ — $ 532 Agency - Residential — 1,063 — 1,063 Municipal obligations — 36 — 36 Corporate debt obligations — 19 — 19 Loans held-for-sale Residential first mortgage loans — 4,458 — 4,458 Second mortgage loans — — 39 39 HELOC loans — — 14 14 Loans held-for-investment Residential first mortgage loans — 8 — 8 Second mortgage loans — — 4 4 HELOC loans — — 1 1 Mortgage servicing rights — — 295 295 Derivative assets Rate lock commitments (fallout-adjusted) — — 41 41 Futures 1 — — 1 Mortgage-backed securities forwards — 3 — 3 Interest rate swaps and swaptions — 32 — 32 Total assets at fair value $ 1 $ 6,151 $ 394 $ 6,546 Derivative liabilities Interest rate swap on FHLB advances (net) $ — $ (1 ) $ — $ (1 ) Mortgage backed securities forwards — (38 ) — (38 ) Interest rate swaps — (3 ) — (3 ) DOJ litigation settlement — — (60 ) (60 ) Total liabilities at fair value $ — $ (42 ) $ (60 ) $ (102 ) December 31, 2016 Level 1 Level 2 Level 3 Total Fair (Dollars in millions) Investment securities available-for-sale Agency - Commercial $ — $ 548 $ — $ 548 Agency - Residential — 898 — 898 Municipal obligations — 34 — 34 Loans held-for-sale Residential first mortgage loans — 3,145 — 3,145 Loans held-for-investment Residential first mortgage loans — 7 — 7 Second mortgage loans — — 41 41 HELOC loans — — 24 24 Mortgage servicing rights — — 335 335 Derivative assets Rate lock commitments (fallout-adjusted) — — 24 24 Futures 2 — — 2 Mortgage backed securities forwards — 43 — 43 Interest rate swaps and swaptions — 35 — 35 Interest rate swaps on FHLB advances (net) — 19 — 19 Total assets at fair value $ 2 $ 4,729 $ 424 $ 5,155 Derivative liabilities Rate lock commitments (fallout-adjusted) $ — $ — $ (6 ) $ (6 ) Mortgage backed securities forwards — (11 ) — (11 ) Interest rate swaps — (37 ) — (37 ) Warrant liabilities — (4 ) — (4 ) DOJ litigation settlement — — (60 ) (60 ) Total liabilities at fair value $ — $ (52 ) $ (66 ) $ (118 ) There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2017 . Fair Value Measurements Using Significant Unobservable Inputs The tables below include a roll forward of the Consolidated Statements of Financial Condition amounts (including the change in fair value) for financial instruments classified by us within level 3 of the valuation hierarchy: Recorded in Earnings Recorded in OCI Balance at Beginning of Period Total Unrealized Gains / (Losses) Total Realized Gains / (Losses) Total Unrealized Gains / (Losses) Purchases / Originations Sales Settlements Transfers In (Out) Balance at End of Period (Dollars in millions) Three Months Ended March 31, 2017 Assets Loans held-for-sale Second mortgage loans $ — $ 4 $ — $ — $ — $ — $ — $ 35 $ 39 HELOC loans — (3 ) — — — — — 17 14 Loans held-for-investment Second mortgage loans 41 — — — — — (2 ) (35 ) 4 HELOC loans 24 1 — — — — (4 ) (20 ) 1 Mortgage servicing rights 335 4 — — 21 (65 ) — — 295 Rate lock commitments (net) (1) 18 16 — — 53 — — (46 ) 41 Totals $ 418 $ 22 $ — $ — $ 74 $ (65 ) $ (6 ) $ (49 ) $ 394 Liabilities DOJ litigation settlement $ (60 ) $ — $ — $ — $ — $ — $ — $ — $ (60 ) Three Months Ended March 31, 2016 Assets Loans held-for-investment Second mortgage loans $ 42 $ 1 $ — $ — $ — $ — $ (3 ) $ — $ 40 HELOC loans 64 — — — — — (9 ) — 55 Mortgage servicing rights 296 (48 ) — — 57 (24 ) — — 281 Rate lock commitments (1) 26 62 — — 68 — — (95 ) 61 Totals $ 428 $ 15 $ — $ — $ 125 $ (24 ) $ (12 ) $ (95 ) $ 437 Liabilities DOJ litigation settlement $ (84 ) $ — $ — $ — $ — $ — $ — $ — $ (84 ) (1) Rate lock commitments are reported on a fallout adjusted basis. Transfers out of Level 3 represent the settlement value of the commitments that are transferred to LHFS, which are classified as Level 2 assets. We utilized swaptions futures, forward agency and loan sales and interest rate swaps to manage the risk associated with MSRs and rate lock commitments. Gains and losses for individual lines in the tables do not reflect the effect of our risk management activities related to such level 3 instruments. The following tables present the quantitative information about recurring level 3 fair value financial instruments and the fair value measurements as of: Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) March 31, 2017 Assets Loans held-for-sale Second mortgage loans $ 39 Discounted cash flows Discount rate 10.2% - 15.3% (12.8%) HELOC loans $ 14 Discounted cash flows Discount rate 5.8% - 8.7% (7.2%) Loans held-for-investment Second mortgage loans $ 4 Discounted cash flows Discount rate 10.2% - 15.3% (12.8%) HELOC loans $ 1 Discounted cash flows Discount rate 5.8% - 8.7% (7.2%) Mortgage servicing rights $ 295 Discounted cash flows Option adjusted spread 5.3% - 7.9% (6.6%) Rate lock commitments (net) $ 41 Consensus pricing Origination pull-through rate 65.5% - 98.3% (81.9%) Liabilities DOJ litigation settlement $ (60 ) Discounted cash flows Discount rate 6.9% - 10.4% (8.6%) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) December 31, 2016 Assets Second mortgage loans $ 41 Discounted cash flows Discount rate 8.1% - 12.2% (10.2%) HELOC loans $ 24 Discounted cash flows Discount rate 6.0% - 9.0% (7.5%) Mortgage servicing rights $ 335 Discounted cash flows Option adjusted spread 6.2% - 9.3% (7.8%) Rate lock commitments (net) $ 18 Consensus pricing Origination pull-through rate 66.9% - 100.0% (83.6%) Liabilities DOJ litigation settlement $ (60 ) Discounted cash flows Discount rate 6.6% - 9.8% (8.2%) Recurring Significant Unobservable Inputs The significant unobservable inputs used in the fair value measurement of the second mortgage loans are discount rates, constant prepayment rates, and default rates. The constant prepayment and default rates are based on a 12 month historical average. Significant increases (decreases) in the discount rate in isolation would result in a significantly lower (higher) fair value measurement. Increases (decreases) in prepay rates in isolation result in a higher (lower) fair value and increases (decreases) in default rates in isolation result in a lower (higher) fair value. HELOC loans, formerly included in the FSTAR 2005-1 and FSTAR 2006-1 securitization trusts, are valued utilizing a loan-level discounted cash flow model which projects expected cash flows given three potential outcomes: (1) paid-in-full at scheduled maturity, (2) default at scheduled maturity (foreclosure), and (3) modification at scheduled maturity into an amortizing HELOC. Loans are placed into the potential outcome buckets based on their underlying current delinquency, FICO scores and property CLTV all of which are unobservable inputs. Estimated cash flows are then discounted back using an unobservable discount rate. Loans within the loan portfolios contain FICO scores with a minimum of 437 , maximum of 809 , and a weighted average of 650 . For the loans, increases (decreases) in the discount rate, in isolation, would lower (higher) the fair value measurement. The significant unobservable inputs used in the fair value measurement of the MSRs are option adjusted spreads, prepayment rates, and cost to service. Significant increases (decreases) in all three assumptions in isolation would result in a significantly lower (higher) fair value measurement. Additionally, the key economic assumptions used in determining the fair value of MSRs capitalized were as follows: Three Months Ended March 31, 2017 2016 Weighted average life (in years) 6.7 7.3 Weighted average constant prepayment rate 11.0 % 13.8 % Weighted average option adjusted spread 9.7 % 7.3 % The key economic assumptions reflected in the overall fair value of the entire portfolio of MSRs were as follows: March 31, 2017 December 31, 2016 Weighted average life (in years) 6.6 6.6 Weighted average constant prepayment rate 9.0 % 16.7 % Weighted average option adjusted spread 6.5 % 7.8 % The significant unobservable input used in the fair value measurement of the DOJ litigation settlement is the discount rate and asset growth rate, in addition to those discussed in Note 16 - Legal Proceedings, Contingencies and Commitments. Significant increases (decreases) in the discount rate or asset growth rate in isolation could result in a marginally lower (higher) fair value measurement. For further information on the fair value inputs related to the DOJ litigation, see Note 16 - Legal Proceedings, Contingencies, and Commitments. The significant unobservable input used in the fair value measurement of the rate lock commitments is the pull through rate. The pull through rate is a statistical analysis of our actual rate lock fallout history to determine the sensitivity of the residential mortgage loan pipeline compared to interest rate changes and other deterministic values. New market prices are applied based on updated loan characteristics and new fallout ratios (i.e., the inverse of the pull through rate) are applied accordingly. Significant increases (decreases) in the pull through rate in isolation would result in a significantly higher (lower) fair value measurement. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis We also have assets that under certain conditions are subject to measurement at fair value on a nonrecurring basis. These assets are measured at the lower of cost or market and had a fair value below cost at the end of the period as summarized below: Total (1) Level 2 Level 3 Gains/(Losses) (Dollars in millions) March 31, 2017 Loans held-for-sale (2) $ 10 $ 10 $ — $ (2 ) Impaired loans held-for-investment (2) Residential first mortgage loans 12 — 12 (3 ) Repossessed assets (3) 13 — 13 — Totals $ 35 $ 10 $ 25 $ (5 ) December 31, 2016 Loans held-for-sale (2) $ 9 $ 9 $ — $ (2 ) Impaired loans held-for-investment (2) Residential first mortgage loans 25 — 25 (28 ) Repossessed assets (3) 14 — 14 (2 ) Totals $ 48 $ 9 $ 39 $ (32 ) (1) The fair values are determined at various dates during the three months ended March 31, 2017 and the year ended December 31, 2016 , respectively. (2) Gains/(losses) reflect fair value adjustments on assets for which we did not elect the fair value option. (3) Gains/(losses) reflect write downs of repossessed assets based on the estimated fair value of the specific assets. The following tables present the quantitative information about nonrecurring level 3 fair value financial instruments and the fair value measurements: Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) March 31, 2017 Impaired loans held-for-investment Residential first mortgage loans $ 12 Fair value of collateral Loss severity discount 35% - 45% (38.6%) Repossessed assets 13 Fair value of collateral Loss severity discount 13% - 100% (72.4%) December 31, 2016 Impaired loans held-for-investment Residential first mortgage loans 25 Fair value of collateral Loss severity discount 22% - 40% (29.5%) Repossessed assets 14 Fair value of collateral Loss severity discount 22% - 100% (69.5%) Nonrecurring Significant Unobservable Inputs The significant unobservable inputs used in the fair value measurement of the impaired loans and repossessed assets are appraisals or other third-party price evaluations which incorporate measures such as recent sales prices for comparable properties. Fair Value of Financial Instruments The following table presents the carrying amount and estimated fair value of financial instruments that are carried either at fair value, cost, or amortized cost: March 31, 2017 Estimated Fair Value Carrying Value Total Level 1 Level 2 Level 3 (Dollars in millions) Assets Cash and cash equivalents $ 161 $ 161 $ 161 $ — $ — Investment securities available-for-sale 1,650 1,650 — 1,650 — Investment securities held-to-maturity 1,048 1,038 — 1,038 — Reverse repurchase agreement 50 50 50 Loans held-for-sale 4,543 4,544 — 4,492 52 Loans held-for-investment 5,959 5,899 — 8 5,891 Loans with government guarantees 322 311 — 311 — Mortgage servicing rights 295 295 — — 295 Federal Home Loan Bank stock 201 201 — 201 — Bank owned life insurance 273 273 — 273 — Repossessed assets 13 13 — — 13 Other assets, foreclosure claims 119 119 — 119 — Derivative financial instruments, assets 77 77 1 35 41 Liabilities Retail deposits Demand deposits and savings accounts $ (5,403 ) $ (5,065 ) $ — $ (5,065 ) $ — Certificates of deposit (1,084 ) (1,088 ) — (1,088 ) — Wholesale deposits (10 ) (10 ) — (10 ) — Government deposits (1,003 ) (982 ) — (982 ) — Company controlled deposits (1,145 ) (1,073 ) — (1,073 ) — Federal Home Loan Bank advances (4,386 ) (4,373 ) — (4,373 ) — Long-term debt (493 ) (376 ) — (376 ) — DOJ litigation settlement (60 ) (60 ) — — (60 ) Derivative financial instruments, liabilities (42 ) (42 ) — (42 ) — December 31, 2016 Estimated Fair Value Carrying Value Total Level 1 Level 2 Level 3 (Dollars in millions) Assets Cash and cash equivalents $ 158 $ 158 $ 158 $ — $ — Investment securities available-for-sale 1,480 1,480 — 1,480 — Investment securities held-to-maturity 1,093 1,084 — 1,084 — Loans held-for-sale 3,177 3,178 — 3,178 — Loans held-for-investment 6,065 5,998 — 7 5,991 Loans with government guarantees 365 354 — 354 — Mortgage servicing rights 335 335 — — 335 Federal Home Loan Bank stock 180 180 — 180 — Bank owned life insurance 271 271 — 271 — Repossessed assets 14 14 — — 14 Other assets, foreclosure claims 135 135 — 135 — Derivative financial instruments, assets 123 123 45 54 24 Liabilities Retail deposits Demand deposits and savings accounts $ (5,268 ) $ (4,956 ) $ — $ (4,956 ) $ — Certificates of deposit (1,056 ) (1,062 ) — (1,062 ) — Government deposits (1,030 ) (1,011 ) — (1,011 ) — Company controlled deposits (1,446 ) (1,371 ) — (1,371 ) — Federal Home Loan Bank advances (2,980 ) (2,964 ) — (2,964 ) — Long-term debt (493 ) (277 ) — (277 ) — Warrant liabilities (4 ) (4 ) — (4 ) — DOJ litigation settlement (60 ) (60 ) — — (60 ) Derivative financial instruments, liabilities (54 ) (54 ) (11 ) (37 ) (6 ) The methods and assumptions used by us in estimating fair value of financial instruments which are required for disclosure only, are as follows: Cash and cash equivalents. Due to their short-term nature, the carrying amount of cash and cash equivalents approximates fair value. Investment securities held-to-maturity. Fair values are generated using market inputs, where possible, including quoted prices (the closing price in an exchange market), bid prices (the price at which a buyer stands ready to purchase), and other market information. Loans held-for-investment. The fair value is estimated using internally developed discounted cash flow models using market interest rate inputs as well as management’s best estimate of spreads for similar collateral. Loans with government guarantees. The fair value is estimated by using internally developed discounted cash flow models using market interest rate inputs as well as management’s best estimate of spreads for similar collateral. Federal Home Loan Bank stock. No secondary market exists for FHLB stock. The stock is bought and sold at par by the FHLB. Management believes that the recorded value equals the fair value. Bank owned life insurance. The fair value of bank owned life insurance policies is based on the cash surrender values of the policies as reported by the insurance companies. Other assets, foreclosure claims. The fair value of foreclosure claims with government guarantees approximates the carrying amount. Deposit accounts. The fair value of deposits with no defined maturity is estimated based on a discounted cash flow model that incorporates current market rates for similar products and expected attrition. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for certificates of deposit with similar remaining maturities. Federal Home Loan Bank advances. Rates currently available for debt with similar terms and remaining maturities are used to estimate the fair value of the existing debt. Long-term debt. The fair value of the long-term debt is estimated based on a discounted cash flow model that incorporates current borrowing rates for similar types of borrowing arrangements. Fair Value Option We elected the fair value option for certain items as discussed throughout the Notes to the Consolidated Financial Statements to mitigate a divergence between accounting losses and economic exposure. Interest income on LHFS is accrued on the principal outstanding primarily using the "simple-interest" method. The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected: Three Months Ended March 31, 2017 2016 (Dollars in millions) Assets Loans held-for-sale Net gain on loan sales $ 53 $ 144 Loans held-for-investment Interest income on loans $ 1 $ — The following table reflects the difference between the aggregate fair value and aggregate remaining contractual principal balance outstanding for assets and liabilities for which the fair value option has been elected: March 31, 2017 December 31, 2016 Unpaid Principal Balance Fair Value Fair Value Over / (Under) Unpaid Principal Balance Unpaid Principal Balance Fair Value Fair Value Over / (Under) Unpaid Principal Balance (Dollars in millions) (Dollars in millions) Assets Nonaccrual loans Loans held-for-sale $ 16 $ 8 $ (8 ) $ 2 $ 2 $ — Loans held-for-investment 6 4 (2 ) 19 13 (6 ) Total nonaccrual loans $ 22 $ 12 $ (10 ) $ 21 $ 15 $ (6 ) Other performing loans Loans held-for-sale $ 4,362 $ 4,503 $ 141 $ 3,103 $ 3,143 $ 40 Loans held-for-investment 10 9 (1 ) 72 59 (13 ) Total other performing loans $ 4,372 $ 4,512 $ 140 $ 3,175 $ 3,202 $ 27 Total loans Loans held-for-sale $ 4,378 $ 4,511 $ 133 $ 3,105 $ 3,145 $ 40 Loans held-for-investment 16 13 (3 ) 91 72 (19 ) Total loans $ 4,394 $ 4,524 $ 130 $ 3,196 $ 3,217 $ 21 Liabilities Litigation settlement (1) $ (118 ) $ (60 ) $ 58 $ (118 ) $ (60 ) $ 58 (1) We are obligated to pay $118 million in installment payments upon meeting certain performance conditions.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information Our operations are conducted through three operating segments: Community Banking, Mortgage Originations, and Mortgage Servicing. The Other segment includes the remaining reported activities. Operating segments are defined as components of an enterprise that engage in business activity from which revenues are earned and expenses incurred for which discrete financial information is available that is evaluated regularly by executive management in deciding how to allocate resources and in assessing performance. The operating segments have been determined based on the products and services offered and reflect the manner in which financial information is currently evaluated by management. Each segment operates under the same banking charter, but is reported on a segmented basis for this report. Each of the operating segments is complementary to each other and because of the interrelationships of the segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Effective January 1, 2017, activity related to Loans with Government Guarantees, was moved from the Mortgage Servicing segment to the Mortgage Originations segment and we began to allocate the tax provision at a segment level. Prior to this change, the tax provision was reflected in the Other segment. The statutory federal tax rate is used for Community Banking, Mortgage Originations, and Mortgage Servicing segments with the difference between the statutory rate and the effective tax rate held in the Other segment. Prior period segment financial information, related to both changes, has been recast to conform to the current presentation. The Community Banking segment originates loans, provides deposits and fee based services to consumer, business, and mortgage lending customers through its Branch Banking, Business Banking and Commercial Banking, Government Banking, Warehouse Lending and LHFI Portfolio groups. Products offered through these groups include checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans and warehouse lines of credit. Other financial services available include consumer and corporate card services, customized treasury management solutions, merchant services and capital markets services such as loan syndications. The Mortgage Originations segment originates, acquires and sells one-to-four family residential mortgage loans. The origination and acquisition of mortgage loans comprises the majority of the lending activity. Mortgage loans are originated through home loan centers, national call centers, the Internet and unaffiliated banks and mortgage banking and brokerage companies, where the net interest income and the gains from sales associated with these loans are recognized in the Mortgage Originations segment. The Mortgage Servicing segment services and subservices mortgage loans, on a fee basis, for others. Also, the Mortgage Servicing segment services, on a fee basis, residential LHFI mortgages held by the Community Banking segment and MSRs held by the Mortgage Originations segment. The Mortgage Servicing segment may also collect ancillary fees, such as late fees, and earns income through the use of noninterest-bearing escrows. The Other segment includes the treasury functions, funding revenue associated with stockholders' equity, the impact of interest rate risk management, the impact of balance sheet funding activities, and miscellaneous other expenses of a corporate nature. Treasury functions include administering the investment securities portfolios, balance sheet funding, and interest rate risk management. In addition, the Other segment includes revenue and expenses related to treasury and corporate assets and liabilities and equity not directly assigned or allocated to the Mortgage Originations, Mortgage Servicing or Community Banking operating segments. Revenues are comprised of net interest income (before the provision (benefit) for loan losses) and noninterest income. Noninterest expenses are fully allocated to each operating segment. Allocation methodologies may be subject to periodic adjustment as the internal management accounting system is revised and the business or product lines within the segments change. The following tables present financial information by business segment for the periods indicated: Three Months Ended March 31, 2017 Community Banking Mortgage Originations Mortgage Servicing Other Total (Dollars in millions) Summary of Operations Net interest income $ 51 $ 30 $ 5 $ (3 ) $ 83 Net gain (loss) on loan sales (2 ) 50 — — 48 Representation and warranty benefit — 4 — — 4 Other noninterest income 8 22 14 4 48 Total net interest income and noninterest income 57 106 19 1 183 (Provision) benefit for loan losses (2 ) (2 ) — 1 (3 ) Depreciation and amortization expense (2 ) (2 ) (1 ) (4 ) (9 ) Other noninterest expense (44 ) (62 ) (25 ) — (131 ) Total noninterest expense (46 ) (64 ) (26 ) (4 ) (140 ) Income (loss) before income taxes 9 40 (7 ) (2 ) 40 Provision (benefit) for income taxes 3 14 (2 ) (2 ) 13 Net income (loss) $ 6 $ 26 $ (5 ) $ — $ 27 Intersegment revenue $ (1 ) $ — $ 5 $ (4 ) $ — Average balances Loans held-for-sale $ 20 $ 3,266 $ — $ — $ 3,286 Loans with government guarantees — 342 — — 342 Loans held-for-investment 5,605 5 — 29 5,639 Total assets 5,675 4,602 40 3,726 14,043 Deposits 7,455 — 1,340 — 8,795 Three Months Ended March 31, 2016 Community Banking Mortgage Originations Mortgage Servicing Other Total (Dollars in millions) Summary of Operations Net interest income $ 47 $ 22 $ 4 $ 6 $ 79 Net gain (loss) on loan sales 6 69 — — $ 75 Representation and warranty benefit — 2 — — $ 2 Other noninterest income 7 3 14 4 $ 28 Total net interest income and noninterest income 60 96 18 10 184 (Provision) benefit for loan losses 13 — — — 13 Depreciation and amortization expense (2 ) (1 ) (1 ) (3 ) (7 ) Other noninterest expense (43 ) (60 ) (24 ) (3 ) (130 ) Total noninterest expense (45 ) (61 ) (25 ) (6 ) (137 ) Income (loss) before income taxes 28 35 (7 ) 4 60 Provision (benefit) for income taxes 10 12 (2 ) 1 21 Net income (loss) $ 18 $ 23 $ (5 ) $ 3 $ 39 Intersegment revenue $ (1 ) $ — $ 6 $ (5 ) $ — Average balances Loans held-for-sale $ 178 $ 2,731 $ — $ — $ 2,909 Loans with government guarantees — 475 — — 475 Loans held-for-investment 5,657 11 — — 5,668 Total assets 5,837 4,033 42 3,631 13,543 Deposits 6,893 — 1,157 — 8,050

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adoption of New Accounting Standards We adopted the following accounting standard updates (ASU) during the first quarter of 2017, none of which had a material impact to our financial statements: Standard Description Effective Date ASU 2016-17 Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control January 1, 2017 ASU 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting January 1, 2017 ASU 2016-07 Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting January 1, 2017 ASU 2016-06 Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments January 1, 2017 ASU 2016-05 Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Relationships January 1, 2017 Accounting Standards Issued But Not Yet Adopted The following ASUs have been issued and are expected to result in a significant change to our significant accounting policies and/or have a significant financial impact: Credit Losses - In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326). The ASU alters the current method for recognizing credit losses within the reserve account. Currently, an institution uses the incurred loss method, the new guidance requires financial assets to be presented at the net amount expected to be collected (i.e., net of expected credit losses). The measurement of expected credit losses should be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019. We have established an internal steering committee to lead the implementation efforts. The steering committee is in the process of evaluating control and process framework, data, model, and resource requirements and areas where modifications will be required. We are currently evaluating the impact adoption of the guidance will have on our Consolidated Financial Statements, but highlight that any impact will be contingent upon the underlying characteristics of the affected portfolio and macroeconomic and internal forecasts at adoption date. Leases - In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842): Section A - Leases: Amendments to the FASB Accounting Standards Codification, Section B - Conforming Amendments Related to Leases: Amendment to the FASB Accounting Standards Codification, Section C - Background Information and Basis For Conclusions. Lessees will need to recognize substantially all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting. ASU 2016-02 is effective retrospectively for fiscal years beginning after December 15, 2018 and early adoption is permitted. The guidance in ASU 2016-02 supersedes Topic 840, Leases. Upon adoption and implementation, we expect to gross up assets and liabilities due to the recognition of lease liabilities and right of use assets associated with the underlying lease contracts. While we do not expect the adoption of the guidance to have a material impact on our Consolidated Statements of Operations given our current inventory of leases, review is ongoing and we will continue to evaluate the impact to the Consolidated Statements of Financial Condition and to capital. Revenue from Contracts with Customers - In May 2014, FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." Under the amended guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration in exchange for those goods or services. The FASB has voted to approve a year deferral of the effective date from January 1, 2017 to January 1, 2018. In April 2016, the FASB clarified the following two aspects: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. In May 2016, the FASB issued ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, to provide a limited number of changes to its revenue recognition standard. The amendments clarify the assessment of the likelihood that revenue will be collected from a contract, the guidance for presenting sales taxes and similar taxes, and the timing for measuring customer payments that are not in cash. The amendment also specifies that a contract should be considered complete if all, or substantially all, of its revenue has been collected prior to making the transition to the new standard. In addition, the update clarifies the disclosure requirements for transition to the new standard by adjusting amounts from prior reporting periods. In December 2016, the FASB issued ASU 2016-20 Technical Corrections and Improvement to Topic 606, Revenue from Contracts with Customers. We expect to implement the revenue recognition guidance in the first quarter of 2018 utilizing the cumulative-effect approach. Our implementation of the guidance will include creation of an inventory of revenue contracts and assessing whether the recognition of revenue associated with each contract will be impacted by the new guidance, particularly related to certain fees. Lease contracts and financial instruments, which include loans and securities, are excluded from the scope of this standard. Therefore, we do not anticipate the implementation of the revenue recognition guidance to have a material impact on our Consolidated Financial Statements. The following ASUs have been issued and are not expected to have a material impact on our Consolidated Financial Statements and/or significant accounting policies: Standard Description Effective Date ASU 2017-08 Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities January 1, 2019 ASU 2017-07 Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost January 1, 2018 ASU 2017-06 Plan Accounting - Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting January 1, 2019 ASU 2017-05 Other Income - Gains and Losses from the De-recognition of Non-financial Assets (Subtopic 610-20): Clarifying the Scope of Asset De-recognition Guidance and Accounting for Partial Sales of Non-financial Assets January 1, 2018 ASU 2017-04 Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment January 1, 2020 ASU 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business January 1, 2018 ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash January 1, 2018 ASU 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory January 1, 2018 ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments January 1, 2018 ASU 2016-04 Liabilities - Extinguishment of Liabilities (Subtopic 504-20): Recognition of Breakage for Certain Prepaid Stored-Value Products January 1, 2018 ASU 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018

Recently Issued Accounting Pr27

Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Credit Quality	Credit Quality We utilize an internal risk rating system which is applied to all consumer and commercial loans. Descriptions of our internal risk ratings as they relate to credit quality follow the ratings used by the U.S. bank regulatory agencies as listed below. Pass. Pass assets are not impaired nor do they have any known deficiencies that could impact the quality of the asset. Watch. Watch assets are defined as pass rated assets that exhibit elevated risk characteristics or other factors that deserve management’s close attention and increased monitoring. However, the asset does not exhibit a potential or well-defined weakness that would warrant a downgrade to criticized or adverse classification. Special mention. Assets identified as special mention possess credit deficiencies or potential weaknesses deserving management's close attention. Special mention assets have a potential weakness or pose an unwarranted financial risk that, if not corrected, could weaken the assets and increase risk in the future. Special mention assets are criticized, but do not expose an institution to sufficient risk to warrant adverse classification. Substandard . Assets identified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected. For HELOC loans and other consumer loans, we evaluate credit quality based on the aging and status of payment activity and any other known credit characteristics that call into question full repayment of the asset. Nonperforming loans are classified as either substandard, doubtful or loss. Doubtful . An asset classified as doubtful has all the weaknesses inherent in one classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. A doubtful asset has a high probability of total or substantial loss, but because of specific pending events that may strengthen the asset, its classification as loss is deferred. Doubtful borrowers are usually in default, lack adequate liquidity or capital, and lack the resources necessary to remain an operating entity. Pending events can include mergers, acquisitions, liquidations, capital injections, the perfection of liens on additional collateral, the valuation of collateral, and refinancing. Generally, pending events should be resolved within a relatively short period and the ratings will be adjusted based on the new information. Because of high probability of loss, non-accrual accounting treatment is required for doubtful assets. Loss. An asset classified as loss is considered uncollectible and of such little value that the continuance as a bankable asset is not warranted. This classification does not mean that an asset has absolutely no recovery or salvage value, but, rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future.
Derivative Financial Instruments	Derivative financial instruments are recorded at fair value in other assets and other liabilities on the Consolidated Statements of Financial Condition after taking into account the effects of legally enforceable bilateral collateral and master netting agreements. We are exposed to non-performance risk by the counterparties to our various derivative financial instruments. A majority of our derivatives are centrally cleared through a Central Counterparty Clearing House or consist of residential mortgage interest rate lock commitments further limiting our exposure to non-performance risk. We believe that the non-performance risk inherent in our remaining derivative contracts is minimal based on credit standards and the collateral provisions of the derivative agreements. Derivatives not designated as hedging instruments: We maintain a derivative portfolio of interest rate swaps, futures and forward commitments used to manage exposure to changes in interest rates, MSR asset values and to meet the needs of customers. We also enter into interest rate lock commitments, which are commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. Market risk on interest rate lock commitments and mortgage LHFS is managed using corresponding forward sale commitments. Changes in fair value of derivatives not designated as hedging instruments are recognized in the Consolidated Statements of Income. Derivatives designated as hedging instruments: We have designated certain interest rate swaps as cash flow hedges of certain interest rate payments of our variable-rate FHLB advances. Changes in the fair value of derivatives designated as cash flow hedges are recorded in other comprehensive income (loss) on the Consolidated Statement of Financial Condition and reclassified into interest expense in the same period in which the hedge transaction is recognized in earnings. At March 31, 2017 , we had $2 million (net-of-tax) of unrealized gains on derivatives classified as cash flow hedges recorded in accumulated other comprehensive income (loss), compared to $1 million at December 31, 2016 . The estimated amount to be reclassified from other comprehensive income into earnings during the next 12 months represents $4 million of losses (net-of-tax). Derivatives that are designated in hedging relationships are assessed for effectiveness using regression analysis at inception and throughout the hedge period. All hedge relationships were and are expected to be highly effective as of March 31, 2017 . Cash flows and the profit impact associated with designated hedges are reported in the same category as the underlying hedged item
Fair Value Measurements	We utilize fair value measurements to record or disclose the fair value on certain assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability through an orderly transaction between market participants at the measurement date. The determination of fair values of financial instruments often requires the use of estimates. In cases where quoted market values in an active market are not available, we use present value techniques and other valuation methods to estimate the fair values of our financial instruments. These valuation models rely on market-based parameters when available, such as interest rate yield curves or credit spreads. Unobservable inputs may be based on management's judgment, assumptions and estimates related to credit quality, our future earnings, interest rates and other relevant inputs. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used. Refer to Note 22 - Fair Value Measurements to the consolidated financial statements of the Annual Report on Form 10-K for the year ended December 31, 2016, for a description of our valuation methodologies and information about the fair value hierarchy.
Recently Issued Accounting Pronouncements	Adoption of New Accounting Standards We adopted the following accounting standard updates (ASU) during the first quarter of 2017, none of which had a material impact to our financial statements: Standard Description Effective Date ASU 2016-17 Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control January 1, 2017 ASU 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting January 1, 2017 ASU 2016-07 Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting January 1, 2017 ASU 2016-06 Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments January 1, 2017 ASU 2016-05 Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Relationships January 1, 2017 Accounting Standards Issued But Not Yet Adopted The following ASUs have been issued and are expected to result in a significant change to our significant accounting policies and/or have a significant financial impact: Credit Losses - In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326). The ASU alters the current method for recognizing credit losses within the reserve account. Currently, an institution uses the incurred loss method, the new guidance requires financial assets to be presented at the net amount expected to be collected (i.e., net of expected credit losses). The measurement of expected credit losses should be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019. We have established an internal steering committee to lead the implementation efforts. The steering committee is in the process of evaluating control and process framework, data, model, and resource requirements and areas where modifications will be required. We are currently evaluating the impact adoption of the guidance will have on our Consolidated Financial Statements, but highlight that any impact will be contingent upon the underlying characteristics of the affected portfolio and macroeconomic and internal forecasts at adoption date. Leases - In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842): Section A - Leases: Amendments to the FASB Accounting Standards Codification, Section B - Conforming Amendments Related to Leases: Amendment to the FASB Accounting Standards Codification, Section C - Background Information and Basis For Conclusions. Lessees will need to recognize substantially all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting. ASU 2016-02 is effective retrospectively for fiscal years beginning after December 15, 2018 and early adoption is permitted. The guidance in ASU 2016-02 supersedes Topic 840, Leases. Upon adoption and implementation, we expect to gross up assets and liabilities due to the recognition of lease liabilities and right of use assets associated with the underlying lease contracts. While we do not expect the adoption of the guidance to have a material impact on our Consolidated Statements of Operations given our current inventory of leases, review is ongoing and we will continue to evaluate the impact to the Consolidated Statements of Financial Condition and to capital. Revenue from Contracts with Customers - In May 2014, FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." Under the amended guidance, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration in exchange for those goods or services. The FASB has voted to approve a year deferral of the effective date from January 1, 2017 to January 1, 2018. In April 2016, the FASB clarified the following two aspects: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. In May 2016, the FASB issued ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients, to provide a limited number of changes to its revenue recognition standard. The amendments clarify the assessment of the likelihood that revenue will be collected from a contract, the guidance for presenting sales taxes and similar taxes, and the timing for measuring customer payments that are not in cash. The amendment also specifies that a contract should be considered complete if all, or substantially all, of its revenue has been collected prior to making the transition to the new standard. In addition, the update clarifies the disclosure requirements for transition to the new standard by adjusting amounts from prior reporting periods. In December 2016, the FASB issued ASU 2016-20 Technical Corrections and Improvement to Topic 606, Revenue from Contracts with Customers. We expect to implement the revenue recognition guidance in the first quarter of 2018 utilizing the cumulative-effect approach. Our implementation of the guidance will include creation of an inventory of revenue contracts and assessing whether the recognition of revenue associated with each contract will be impacted by the new guidance, particularly related to certain fees. Lease contracts and financial instruments, which include loans and securities, are excluded from the scope of this standard. Therefore, we do not anticipate the implementation of the revenue recognition guidance to have a material impact on our Consolidated Financial Statements. The following ASUs have been issued and are not expected to have a material impact on our Consolidated Financial Statements and/or significant accounting policies: Standard Description Effective Date ASU 2017-08 Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities January 1, 2019 ASU 2017-07 Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost January 1, 2018 ASU 2017-06 Plan Accounting - Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting January 1, 2019 ASU 2017-05 Other Income - Gains and Losses from the De-recognition of Non-financial Assets (Subtopic 610-20): Clarifying the Scope of Asset De-recognition Guidance and Accounting for Partial Sales of Non-financial Assets January 1, 2018 ASU 2017-04 Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment January 1, 2020 ASU 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business January 1, 2018 ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash January 1, 2018 ASU 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory January 1, 2018 ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments January 1, 2018 ASU 2016-04 Liabilities - Extinguishment of Liabilities (Subtopic 504-20): Recognition of Breakage for Certain Prepaid Stored-Value Products January 1, 2018 ASU 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Trading and Available-for-sale Securities	As of March 31, 2017 and December 31, 2016 , investment securities were comprised of the following: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (Dollars in millions) March 31, 2017 Available-for-sale securities Agency - Commercial $ 535 $ 2 $ (5 ) $ 532 Agency - Residential 1,077 1 (15 ) 1,063 Municipal obligations 36 — — 36 Corporate debt obligations 19 — — 19 Total available-for-sale securities (1) $ 1,667 $ 3 $ (20 ) $ 1,650 Held-to-maturity securities Agency - Commercial $ 573 $ 1 $ (6 ) $ 568 Agency - Residential 475 — (5 ) 470 Total held-to-maturity securities (1) $ 1,048 $ 1 $ (11 ) $ 1,038 December 31, 2016 Available-for-sale securities Agency - Commercial $ 551 $ 2 $ (5 ) $ 548 Agency - Residential 913 1 (16 ) 898 Municipal obligations 34 — — 34 Total available-for-sale securities (1) $ 1,498 $ 3 $ (21 ) $ 1,480 Held-to-maturity securities Agency - Commercial $ 595 $ — $ (6 ) $ 589 Agency - Residential 498 1 (4 ) 495 Total held-to-maturity securities (1) $ 1,093 $ 1 $ (10 ) $ 1,084 (1) There were no securities of a single issuer, which are not governmental or government-sponsored, that exceeded 10 percent of stockholders’ equity at March 31, 2017 or December 31, 2016 .
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	The following table summarizes, by duration, the unrealized loss positions on investment securities: Unrealized Loss Position with Duration 12 Months and Over Unrealized Loss Position with Duration Under 12 Months Fair Value Number of Securities Unrealized Loss Fair Value Number of Securities Unrealized Loss (Dollars in millions) March 31, 2017 Type of Security Available-for-sale securities Agency - Commercial $ 6 1 $ — $ 335 30 $ (5 ) Agency - Residential — — — 873 56 (16 ) Municipal obligations — — — 17 9 — Held-to-maturity securities Agency - Commercial $ — — $ — $ 474 30 $ (6 ) Agency - Residential — — — 380 47 (5 ) December 31, 2016 Available-for-sale securities Agency - Commercial $ 6 1 $ — $ 345 29 $ (5 ) Agency - Residential — — — 748 55 (16 ) Municipal obligations — — — 17 8 — Held-to-maturity securities Agency - Commercial $ — — $ — $ 528 34 $ (6 ) Agency - Residential — — — 385 43 (4 )
Schedule of Available-for-sale Securities, by Contractual Maturity Date	The amortized cost and estimated fair value of securities are presented below by contractual maturity: March 31, 2017 Investment Securities Available-for-Sale Investment Securities Held-to-maturity Amortized Cost Fair Value Weighted Average Yield Amortized Cost Fair Value Weighted Average Yield (Dollars in millions) Due after one year through five years $ 18 $ 18 3.67 % $ — $ — — % Due after five years through 10 years 18 18 4.40 % 61 61 2.50 % Due after 10 years 1,631 1,614 2.31 % 987 977 2.42 % Total $ 1,667 $ 1,650 $ 1,048 $ 1,038

Loans Held-for-Investment (Tabl

Loans Held-for-Investment (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Schedule of Loans Held-for-investment	Loans held-for-investment are summarized as follows: March 31, 2017 December 31, 2016 (Dollars in millions) Consumer loans Residential first mortgage $ 2,463 $ 2,327 Second mortgage 86 126 HELOC 290 317 Other 27 28 Total consumer loans 2,866 2,798 Commercial loans Commercial real estate (1) 1,399 1,261 Commercial and industrial 854 769 Warehouse lending 840 1,237 Total commercial loans 3,093 3,267 Total loans held-for-investment $ 5,959 $ 6,065 (1) Includes $243 million and $245 million of owner occupied commercial real estate loans at March 31, 2017 and December 31, 2016 , respectively.
Allowance for Loan Losses	The changes in ALLL, by class of loan, are summarized in the following table: Residential First Mortgage (1) Second Mortgage HELOC Other Consumer Commercial Real Estate Commercial and Industrial Warehouse Lending Total (Dollars in millions) Three Months Ended March 31, 2017 Beginning balance ALLL $ 65 $ 8 $ 16 $ 1 $ 28 $ 17 $ 7 $ 142 Charge-offs (2) (4 ) — — (1 ) — — — (5 ) Recoveries — — — 1 — — — 1 Provision (benefit) — (1 ) (2 ) — 4 3 (1 ) 3 Ending balance ALLL $ 61 $ 7 $ 14 $ 1 $ 32 $ 20 $ 6 $ 141 Three Months Ended March 31, 2016 Beginning balance ALLL $ 116 $ 11 $ 21 $ 2 $ 18 $ 13 $ 6 $ 187 Charge-offs (2) (11 ) (1 ) (1 ) (1 ) — — — (14 ) Recoveries — — 1 1 — — — 2 Provision (benefit) (10 ) — (1 ) — 1 (3 ) — (13 ) Ending balance ALLL $ 95 $ 10 $ 20 $ 2 $ 19 $ 10 $ 6 $ 162 (1) Includes allowance and charge-offs related to loans with government guarantees. (2) Includes charge-offs of $1 million and $6 million related to the transfer and subsequent sale of loans during the three months ended March 31, 2017 and March 31, 2016 , respectively. Also includes charge-offs related to loans with government guarantees of $2 million and $3 million during the three months ended March 31, 2017 and March 31, 2016 , respectively. The method of evaluation, by class of loan, is summarized in the following table: Residential First Mortgage (1) Second Mortgage HELOC Other Consumer Commercial Real Estate Commercial and Industrial Warehouse Lending Total (Dollars in millions) March 31, 2017 Loans held-for-investment (2) Individually evaluated $ 36 $ 24 $ 3 $ — $ — $ — $ — $ 63 Collectively evaluated 2,420 58 286 26 1,399 854 840 5,883 Total loans $ 2,456 $ 82 $ 289 $ 26 $ 1,399 $ 854 $ 840 $ 5,946 Allowance for loan losses (2) Individually evaluated $ 4 $ 5 $ 2 $ — $ — $ — $ — $ 11 Collectively evaluated 57 2 12 1 32 20 6 130 Total allowance for loan losses $ 61 $ 7 $ 14 $ 1 $ 32 $ 20 $ 6 $ 141 December 31, 2016 Loans held-for-investment (2) Individually evaluated $ 46 $ 26 $ 3 $ — $ — $ — $ — $ 75 Collectively evaluated 2,274 59 290 28 1,261 769 1,237 5,918 Total loans $ 2,320 $ 85 $ 293 $ 28 $ 1,261 $ 769 $ 1,237 $ 5,993 Allowance for loan losses (2) Individually evaluated $ 5 $ 6 $ 2 $ — $ — $ — $ — $ 13 Collectively evaluated 60 2 14 1 28 17 7 129 Total allowance for loan losses $ 65 $ 8 $ 16 $ 1 $ 28 $ 17 $ 7 $ 142 (1) Includes allowance related to loans with government guarantees. (2) Excludes loans carried under the fair value option
Past Due Loans	The following table sets forth the LHFI aging analysis of past due and current loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due (1) Total Past Due Current Total Investment Loans (Dollars in millions) March 31, 2017 Consumer loans Residential first mortgage $ 3 $ 1 $ 26 $ 30 $ 2,433 $ 2,463 Second mortgage — — 1 1 85 86 HELOC 1 — 1 2 288 290 Other — — — — 27 27 Total consumer loans 4 1 28 33 2,833 2,866 Commercial loans Commercial real estate — — — — 1,399 1,399 Commercial and industrial — — — — 854 854 Warehouse lending — — — — 840 840 Total commercial loans — — — — 3,093 3,093 Total loans (2) $ 4 $ 1 $ 28 $ 33 $ 5,926 $ 5,959 December 31, 2016 Consumer loans Residential first mortgage $ 6 $ — $ 29 $ 35 $ 2,292 $ 2,327 Second mortgage — 1 4 5 121 126 HELOC 1 1 7 9 308 317 Other 1 — — 1 27 28 Total consumer loans 8 2 40 50 2,748 2,798 Commercial loans Commercial real estate — — — — 1,261 1,261 Commercial and industrial — — — — 769 769 Warehouse lending — — — — 1,237 1,237 Total commercial loans — — — — 3,267 3,267 Total loans (2) $ 8 $ 2 $ 40 $ 50 $ 6,015 $ 6,065 (1) Includes loans 90 days or greater past due and performing nonaccrual loans that are less than 90 days past due. (2) Includes $3 million and $13 million of loans 90 days or greater past due, accounted for under the fair value option at March 31, 2017 and December 31, 2016 , respectively.
Troubled Debt Restructurings	The following table provides a summary of newly modified TDRs: New TDRs Number of Accounts Pre-Modification Unpaid Principal Balance Post-Modification Unpaid Principal Balance (1) Increase in Allowance at Modification (Dollars in millions) Three Months Ended March 31, 2017 Residential first mortgages 2 $ — $ — $ — Second mortgages 9 1 1 — HELOC (2) 5 — — — Total TDR loans 16 $ 1 $ 1 $ — Three Months Ended March 31, 2016 Residential first mortgages 13 $ 2 $ 3 $ — Second mortgages 21 1 1 — HELOC (2) 65 4 3 — Commercial and Industrial 1 2 1 — Total TDR loans 100 $ 9 $ 8 $ — (1) Post-modification balances include past due amounts that are capitalized at modification date. (2) HELOC post-modification unpaid principal balance reflects write downs. There were no TDRs that were modified in the previous 12 months, which have subsequently defaulted during the three months ended March 31, 2017 , as compared to one residential first mortgage loan and four HELOC loans which subsequently defaulted during the three months ended March 31, 2016 , with a UPB of less than $1 million . All TDR classes within the consumer and commercial portfolios are considered subsequently defaulted when greater than 90 days past due. There was no increase or decrease in the allowance associated with these TDRs at subsequent default. Subsequent default is defined as a payment re-defaulted within 12 months of the restructuring date. The following table provides a summary of TDRs by type and performing status: TDRs Performing Nonperforming Total (Dollars in millions) March 31, 2017 Consumer loans (1) Residential first mortgage $ 20 $ 10 $ 30 Second mortgage 26 1 27 HELOC 2 — 2 Total TDRs (2) $ 48 $ 11 $ 59 December 31, 2016 Consumer loans (1) Residential first mortgage $ 22 $ 11 $ 33 Second mortgage 35 4 39 HELOC 10 3 13 Total TDRs (2) $ 67 $ 18 $ 85 (1) The ALLL on consumer TDR loans totaled $8 million and $9 million at March 31, 2017 and December 31, 2016 , respectively. (2) Includes $1 million and $25 million of TDR loans accounted for under the fair value option at March 31, 2017 and December 31, 2016 , respectively.
Impaired Loans	The following table presents individually evaluated impaired loans and the associated allowance: March 31, 2017 December 31, 2016 Recorded Investment Net Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance (Dollars in millions) With no related allowance recorded Consumer loans Residential first mortgage $ 11 $ 12 $ — $ 6 $ 6 $ — Total consumer loans with no related allowance recorded $ 11 $ 12 $ — $ 6 $ 6 $ — With an allowance recorded Consumer loans Residential first mortgage $ 24 $ 24 $ 4 $ 40 $ 40 $ 5 Second mortgage 24 24 5 26 26 6 HELOC 3 3 2 3 3 2 Total consumer loans with an allowance recorded $ 51 $ 51 $ 11 $ 69 $ 69 $ 13 Consumer loans Residential first mortgage $ 35 $ 36 $ 4 $ 46 $ 46 $ 5 Second mortgage 24 24 5 26 26 6 HELOC 3 3 2 3 3 2 Total impaired loans $ 62 $ 63 $ 11 $ 75 $ 75 $ 13 The following table presents average impaired loans and the interest income recognized: Three Months Ended March 31, 2017 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (Dollars in millions) Consumer loans Residential first mortgage $ 42 $ — $ 74 $ 1 Second mortgage 25 1 27 — HELOC 3 — 4 — Commercial loans Commercial and industrial — — 5 — Total impaired loans $ 70 $ 1 $ 110 $ 1
Loan Credit Quality Indicators	In accordance with regulatory guidance, we assign risk ratings to consumer loans in the following manner: • Consumer loans are classified as Watch once the loan becomes 60 days past due. • Open and closed-end consumer loans 90 days or more past due are classified Substandard. March 31, 2017 Pass Watch Special Mention Substandard Total Loans (Dollars in millions) Consumer Loans Residential First Mortgage $ 2,414 $ 21 $ — $ 28 $ 2,463 Second Mortgage 60 25 — 1 86 HELOC 286 3 — 1 290 Other Consumer 27 — — — 27 Total Consumer Loans $ 2,787 $ 49 $ — $ 30 $ 2,866 Commercial Loans Commercial Real Estate $ 1,357 $ 34 $ — $ 8 $ 1,399 Commercial and Industrial 769 58 9 18 854 Warehouse 813 27 — — 840 Total Commercial Loans $ 2,939 $ 119 $ 9 $ 26 $ 3,093 December 31, 2016 Pass Watch Special Mention Substandard Total Loans (Dollars in millions) Consumer Loans Residential First Mortgage $ 2,273 $ 23 $ — $ 31 $ 2,327 Second Mortgage 87 35 — 4 126 HELOC 299 11 — 7 317 Other Consumer 28 — — — 28 Total Consumer Loans $ 2,687 $ 69 $ — $ 42 $ 2,798 Commercial Loans Commercial Real Estate $ 1,225 $ 27 $ 3 $ 6 $ 1,261 Commercial and Industrial 678 59 21 11 769 Warehouse 1,168 16 53 — 1,237 Total Commercial Loans $ 3,071 $ 102 $ 77 $ 17 $ 3,267

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2017
Transfers and Servicing [Abstract]
Schedule of Servicing Assets at Fair Value	Changes in the carrying value of residential first mortgage MSRs, accounted for at fair value, were as follows: Three Months Ended March 31, 2017 2016 (Dollars in millions) Balance at beginning of period $ 335 $ 296 Additions from loans sold with servicing retained 21 57 Reductions from sales (65 ) (24 ) Changes in fair value due to (1) Decrease in MSR due to pay-offs, pay-downs and run-off (6 ) (11 ) Changes in estimates of fair value (2) 10 (37 ) Balance at end of period $ 295 $ 281 (1) Changes in fair value are included within net return (loss) on MSRs on the Consolidated Statements of Operations. (2) Represents estimated MSR value change resulting primarily from market-driven changes.
Schedule of Sensitivity Analysis of Fair Value	The following table summarizes the hypothetical effect on the fair value of servicing rights using adverse changes of 10 percent and 20 percent to the weighted average of certain significant assumptions used in valuing these assets. The significant assumptions used in the fair value measurement of the MSRs are option adjusted spread and prepayment rate. Significant increases (decreases) in both of these assumptions in isolation would result in a significantly lower (higher) fair value measurement. March 31, 2017 December 31, 2016 Fair value after Fair value after Actual 10% adverse change 20% adverse change Actual 10% adverse change 20% adverse change (Dollars in millions) Option adjusted spread 6.56 % $ 289 $ 284 7.78 % $ 326 $ 318 Constant prepayment rate 9.00 % 285 277 16.68 % 322 311 Weighted average cost to service per loan $ 68.04 292 288 $ 68.18 330 326
Schedule of Servicing Assets at Fair Value, Servicing Fees	The following table summarizes income and fees associated with contractual servicing rights: Three Months Ended March 31, 2017 2016 (Dollars in millions) Income on mortgage servicing rights Servicing fees, ancillary income and late fees (1) $ 20 $ 17 Changes in fair value 4 (48 ) (Loss) gain on MSR derivatives (2) (8 ) 26 Net transaction costs (2 ) (1 ) Total net return (loss) on mortgage servicing rights $ 14 $ (6 ) (1) Servicing fees are recorded on the accrual basis. Ancillary income and late fees are recorded on a cash basis. (2) Changes in the derivatives utilized as economic hedges to offset changes in fair value of the MSRs. The following table summarizes income and fees associated with our mortgage loans subserviced: Three Months Ended March 31, 2017 2016 (Dollars in millions) Income (expenses) on mortgage loans subserviced Servicing fees, ancillary income and late fees (1) $ 8 $ 8 Other servicing charges (2 ) (2 ) Total income on mortgage loans subserviced, included in loan administration $ 6 $ 6 (1) Servicing fees are recorded on the accrual basis. Ancillary income and late fees are recorded on cash basis.

Derivative Financial Instrume31

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Financial Instruments	The notional amount, estimated fair value and maturity of our derivative financial instruments were as follows: March 31, 2017 (1) Notional Amount Fair Value (2) Expiration Dates (Dollars in millions) Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances $ 200 $ — 2024 Liabilities Interest rate swaps on FHLB advances $ 630 $ 1 2023-2026 Derivatives not designated as hedging instruments: Assets Futures $ 2,190 $ 1 2017-2019 Mortgage backed securities forwards 699 3 2017 Rate lock commitments 4,627 41 2017 Interest rate swaps and swaptions 2,629 32 2017-2047 Total derivative assets $ 10,145 $ 77 Liabilities Futures $ 198 $ — 2018-2021 Mortgage backed securities forwards 6,269 38 2017 Rate lock commitments 77 — 2017 Interest rate swaps 602 3 2017-2027 Total derivative liabilities $ 7,146 $ 41 December 31, 2016 Notional Amount Fair Value (2) Expiration Dates (Dollars in millions) Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances $ 600 $ 20 2023-2026 Liabilities Interest rate swaps on FHLB advances $ 230 $ 1 2025-2026 Derivatives not designated as hedging instruments: Assets Futures $ 4,621 $ 2 2017-2020 Mortgage backed securities forwards 3,776 43 2017 Rate lock commitments 3,517 24 2017 Interest rate swaps and swaptions 2,231 35 2017-2033 Total derivative assets $ 14,145 $ 104 Liabilities Futures $ 134 $ — 2017 Mortgage backed securities forwards 1,893 11 2017 Rate lock commitments 598 6 2017 Interest rate swaps 1,129 37 2017-2047 Total derivative liabilities $ 3,754 $ 54 (1) At March 31, 2017 , variation margin pledged to or received from a Central Counterparty Clearing House to cover the prior day’s fair value of open positions is considered settlement of the derivative position for accounting purposes. At December 31, 2016 , variation margin was not recognized as settlement. (2) Derivative assets and liabilities are included in other assets and other liabilities on the Consolidated Statements of Financial Condition, respectively.
Offsetting of Derivatives	The following tables present the derivatives subject to a master netting arrangement, including the cash pledged as collateral: Gross Amounts Netted in the Statement of Financial Position Net Amount Presented in the Statement of Financial Position Gross Amounts Not Offset in the Statement of Financial Position Gross Amount Financial Instruments Cash Collateral (Dollars in millions) March 31, 2017 Derivatives designated as hedging instruments: Liabilities Interest rate swaps on FHLB advances (1) $ 1 $ — $ 1 $ — $ 28 Derivatives not designated as hedging instruments: Assets Futures $ 1 $ — $ 1 $ — $ — Mortgage backed securities forwards 3 — 3 — — Interest rate swaps and swaptions (1) 32 — 32 — 37 Total derivative assets $ 36 $ — $ 36 $ — $ 37 Liabilities Mortgage backed securities forwards 38 — 38 — 36 Interest rate swaps and swaptions (1) 3 — 3 — 14 Total derivative liabilities $ 41 $ — $ 41 $ — $ 50 December 31, 2016 Derivatives designated as hedging instruments: Assets Interest rate swaps on FHLB advances (1) $ 20 $ 1 $ 19 $ — $ — Liabilities Interest rate swaps on FHLB advances (1) $ 1 $ 1 $ — $ — $ 33 Derivatives not designated as hedging instruments: Assets Futures $ 2 $ — $ 2 $ — $ — Mortgage-backed securities forwards 43 $ — 43 $ — 44 Interest rate swaps and swaptions (1) 35 — 35 — 30 Total derivative assets $ 80 $ — $ 80 $ — $ 74 Liabilities Futures $ — $ — $ — $ — $ 1 Mortgage-backed securities forwards 11 — 11 — — Interest rate swaps and swaptions (1) 37 — 37 — 20 Total derivative liabilities $ 48 $ — $ 48 $ — $ 21 (1) At March 31, 2017 , variation margin pledged to or received from a Central Counterparty Clearing House to cover the prior day’s fair value of open positions is considered settlement of the derivative position for accounting purposes. At December 31, 2016 , variation margin was not recognized as settlement and we had an additional $15 million in variation margin in excess of the amounts disclosed above.
Schedule of Changes in Fair Value of Derivative Instruments	The net gain (loss) recognized in income on derivative instruments, net of the impact of offsetting positions, were as follows: Three Months Ended March 31, 2017 2016 (Dollars in millions) Derivatives not designated as hedging instruments: Location of Gain/(Loss) Futures Net return (loss) on mortgage servicing rights $ — $ 3 Interest rate swaps and swaptions Net return (loss) on mortgage servicing rights (8 ) 15 Mortgage-backed securities forwards Net return (loss) on mortgage servicing rights — 8 Rate lock commitments and forward agency and loan sales Net (loss) gain on loan sales (49 ) 5 Rate lock commitments Other noninterest income — 1 Interest rate swaps (1) Other noninterest income — 2 Total derivative (loss) gain $ (57 ) $ 34 (1) Includes customer-initiated commercial interest rate swaps.

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of FHLB Advances, by Interest Rate Type	The following is a breakdown of our FHLB advances outstanding: March 31, 2017 December 31, 2016 Amount Rate Amount Rate (Dollars in millions) Short-term fixed rate term advances $ 3,186 0.87 % $ 1,780 0.62 % Total Short-term Federal Home Loan Bank advances 3,186 1,780 Long-term LIBOR adjustable advances 1,025 1.27 % 1,025 1.12 % Long-term fixed rate advances (1) 175 1.12 % 175 1.12 % Total Long-term Federal Home Loan Bank advances 1,200 1,200 Total Federal Home Loan Bank advances $ 4,386 $ 2,980 (1) Includes the current portion of fixed rate advances of $175 million and $50 million at March 31, 2017 and December 31, 2016 , respectively.
Schedule of FHLB Advances, Disclosures	The following table contains detailed information on our FHLB advances and other borrowings: Three Months Ended March 31, 2017 2016 (Dollars in millions) Maximum outstanding at any month end $ 4,386 $ 3,557 Average outstanding balance 3,022 3,222 Average remaining borrowing capacity 1,673 704 Weighted average interest rate 1.18 % 1.10 %
Schedule of FHLB, Advances, Maturity Summary	The following table outlines the maturity dates of our FHLB advances and other borrowings: March 31, 2017 (Dollars in millions) 2017 $ 3,236 2018 125 2019 — 2020 — Thereafter 1,025 Total $ 4,386
Schedule of Long-Term Debt Instruments	The following table presents long-term debt, net of debt issuance costs: March 31, 2017 December 31, 2016 Amount Interest Rate Amount Interest Rate (Dollars in millions) Senior Notes Senior notes, matures 2021 $ 246 6.125 % $ 246 6.125 % Trust Preferred Securities Floating Three Month LIBOR Plus 3.25%, matures 2032 $ 26 4.40 % $ 26 4.25 % Plus 3.25%, matures 2033 26 4.27 % 26 4.13 % Plus 3.25%, matures 2033 26 4.40 % 26 4.25 % Plus 2.00%, matures 2035 26 3.02 % 26 2.88 % Plus 2.00%, matures 2035 26 3.02 % 26 2.88 % Plus 1.75%, matures 2035 51 2.88 % 51 2.71 % Plus 1.50%, matures 2035 25 2.52 % 25 2.38 % Plus 1.45%, matures 2037 25 2.58 % 25 2.41 % Plus 2.50%, matures 2037 16 3.63 % 16 3.46 % Total Trust Preferred Securities 247 247 Total other long-term debt $ 493 $ 493

Representation and Warranty R33

Representation and Warranty Reserve (Tables)	3 Months Ended
	Mar. 31, 2017
Representation and Warranty Reserve Disclosures [Abstract]
Schedule of Representation and Warranty Reserve Activity	The following table shows the activity impacting the representation and warranty reserve: Three Months Ended March 31, 2017 2016 (Dollars in millions) Balance at beginning of period $ 27 $ 40 Provision (benefit) Gain on sale reduction for representation and warranty liability — 2 Representation and warranty provision (benefit) (4 ) (2 ) Total (4 ) — Balance at end of period $ 23 $ 40

Warrants and Restricted Stock34

Warrants and Restricted Stock Units (Tables)	3 Months Ended
	Mar. 31, 2017
Warrants and Rights Note Disclosure [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following table summarizes restricted stock activity: Three Months Ended March 31, 2017 Shares Weighted — Average Grant-Date Fair Value per Share Restricted Stock Non-vested balance at beginning of period 1,461,910 $ 17.68 Granted 85,892 26.60 Vested (79,712 ) 21.34 Canceled and forfeited (2,197 ) 22.19 Non-vested balance at end of period 1,465,893 $ 18.00

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table sets forth the components in accumulated other comprehensive income (loss): Three Months Ended March 31, 2017 2016 (Dollars in millions) Investment securities Beginning balance $ (8 ) $ 5 Unrealized gain (loss) — 24 Less: Tax (benefit) provision — 9 Net unrealized gain (loss) — 15 Other comprehensive income/(loss), net of tax — 15 Ending balance $ (8 ) $ 20 Cash Flow Hedges Beginning balance $ 1 $ (3 ) Unrealized gain (loss) 2 (48 ) Less: Tax (benefit) provision 1 (16 ) Net unrealized gain (loss) 1 (32 ) Reclassifications out of AOCI (1) — 4 Less: Tax (benefit) provision — — Net unrealized gain (loss) reclassified out of AOCI — 4 Other comprehensive income/(loss), net of tax 1 (28 ) Ending balance $ 2 $ (31 ) (1) Reclassifications are reported in other noninterest income on the Consolidated Statement of Operations.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock: Three Months Ended March 31, 2017 2016 (Dollars in millions, except share data) Net income $ 27 $ 39 Deferred cumulative preferred stock dividends — (8 ) Net income applicable to common stockholders $ 27 $ 31 Weighted average shares Weighted average common shares outstanding 56,921,605 56,513,715 Effect of dilutive securities May Investor Warrants 49,149 305,219 Stock-based awards 1,101,809 782,050 Weighted average diluted common shares 58,072,563 57,600,984 Earnings per common share Basic earnings per common share $ 0.47 $ 0.56 Effect of dilutive securities May Investor Warrants — — Stock-based awards (0.01 ) (0.02 ) Diluted earnings per common share $ 0.46 $ 0.54

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Provision (Benefit)	Three Months Ended March 31, 2017 2016 (Dollars in millions) Provision for income taxes $ 13 $ 21 Effective tax provision rate 33.1 % 34.3 %

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2017
Regulatory Capital Requirements [Abstract]
Schedule of Regulatory Capital Ratios	The following tables present the regulatory capital ratios as of the dates indicated: Bancorp Actual For Capital Adequacy Purposes Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in millions) March 31, 2017 Tangible capital (to tangible assets) $ 1,277 9.31 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,277 9.31 % $ 549 4.00 % $ 686 5.00 % Common equity Tier 1 capital (to RWA) 1,071 12.32 % 391 4.50 % 565 6.50 % Tier 1 capital (to risk-weighted assets) 1,277 14.70 % 521 6.00 % 695 8.00 % Total capital (to risk-weighted assets) 1,389 15.98 % 695 8.00 % 869 10.00 % December 31, 2016 Tangible capital (to tangible assets) $ 1,256 8.88 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,256 8.88 % $ 566 4.0 % $ 707 5.0 % Common equity Tier 1 capital (to RWA) 1,084 13.06 % 374 4.5 % 540 6.5 % Tier 1 capital (to risk-weighted assets) 1,256 15.12 % 498 6.0 % 664 8.0 % Total capital (to risk-weighted assets) 1,363 16.41 % 664 8.0 % 830 10.0 % N/A - Not applicable Bank Actual For Capital Adequacy Purposes Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in millions) March 31, 2017 Tangible capital (to tangible assets) $ 1,477 10.74 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,477 10.74 % $ 550 4.00 % $ 688 5.00 % Common equity tier 1 capital (to RWA) 1,477 16.93 % 393 4.50 % 567 6.50 % Tier 1 capital (to risk-weighted assets) 1,477 16.93 % 524 6.00 % 698 8.00 % Total capital (to risk-weighted assets) 1,588 18.20 % 698 8.00 % 873 10.00 % December 31, 2016 Tangible capital (to tangible assets) $ 1,491 10.52 % N/A N/A N/A N/A Tier 1 capital (to adjusted tangible assets) 1,491 10.52 % $ 567 4.0 % $ 709 5.0 % Common equity tier 1 capital (to RWA) 1,491 17.90 % 375 4.5 % 542 6.5 % Tier 1 capital (to risk-weighted assets) 1,491 17.90 % 500 6.0 % 667 8.0 % Total capital (to risk-weighted assets) 1,598 19.18 % 667 8.0 % 833 10.0 % N/A - Not applicable

Legal Proceedings, Contingenc39

Legal Proceedings, Contingencies and Commitments (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Amount of Significant Commitments	A summary of the contractual amount of significant commitments is as follows: March 31, 2017 December 31, 2016 (Dollars in millions) Commitments to extend credit Mortgage loans interest-rate lock commitments $ 4,704 $ 4,115 Warehouse loan commitments 1,623 1,670 Commercial and industrial commitments 521 424 Other commercial commitments 774 651 HELOC commitments 183 179 Other consumer commitments 37 57 Standby and commercial letters of credit 37 30

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the financial instruments carried at fair value as of March 31, 2017 and December 31, 2016 , by caption on the Consolidated Statement of Financial Condition and by level in the valuation hierarchy. March 31, 2017 Level 1 Level 2 Level 3 Total Fair Value (Dollars in millions) Investment securities available-for-sale Agency - Commercial $ — $ 532 $ — $ 532 Agency - Residential — 1,063 — 1,063 Municipal obligations — 36 — 36 Corporate debt obligations — 19 — 19 Loans held-for-sale Residential first mortgage loans — 4,458 — 4,458 Second mortgage loans — — 39 39 HELOC loans — — 14 14 Loans held-for-investment Residential first mortgage loans — 8 — 8 Second mortgage loans — — 4 4 HELOC loans — — 1 1 Mortgage servicing rights — — 295 295 Derivative assets Rate lock commitments (fallout-adjusted) — — 41 41 Futures 1 — — 1 Mortgage-backed securities forwards — 3 — 3 Interest rate swaps and swaptions — 32 — 32 Total assets at fair value $ 1 $ 6,151 $ 394 $ 6,546 Derivative liabilities Interest rate swap on FHLB advances (net) $ — $ (1 ) $ — $ (1 ) Mortgage backed securities forwards — (38 ) — (38 ) Interest rate swaps — (3 ) — (3 ) DOJ litigation settlement — — (60 ) (60 ) Total liabilities at fair value $ — $ (42 ) $ (60 ) $ (102 ) December 31, 2016 Level 1 Level 2 Level 3 Total Fair (Dollars in millions) Investment securities available-for-sale Agency - Commercial $ — $ 548 $ — $ 548 Agency - Residential — 898 — 898 Municipal obligations — 34 — 34 Loans held-for-sale Residential first mortgage loans — 3,145 — 3,145 Loans held-for-investment Residential first mortgage loans — 7 — 7 Second mortgage loans — — 41 41 HELOC loans — — 24 24 Mortgage servicing rights — — 335 335 Derivative assets Rate lock commitments (fallout-adjusted) — — 24 24 Futures 2 — — 2 Mortgage backed securities forwards — 43 — 43 Interest rate swaps and swaptions — 35 — 35 Interest rate swaps on FHLB advances (net) — 19 — 19 Total assets at fair value $ 2 $ 4,729 $ 424 $ 5,155 Derivative liabilities Rate lock commitments (fallout-adjusted) $ — $ — $ (6 ) $ (6 ) Mortgage backed securities forwards — (11 ) — (11 ) Interest rate swaps — (37 ) — (37 ) Warrant liabilities — (4 ) — (4 ) DOJ litigation settlement — — (60 ) (60 ) Total liabilities at fair value $ — $ (52 ) $ (66 ) $ (118 ) There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2017 .
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The tables below include a roll forward of the Consolidated Statements of Financial Condition amounts (including the change in fair value) for financial instruments classified by us within level 3 of the valuation hierarchy: Recorded in Earnings Recorded in OCI Balance at Beginning of Period Total Unrealized Gains / (Losses) Total Realized Gains / (Losses) Total Unrealized Gains / (Losses) Purchases / Originations Sales Settlements Transfers In (Out) Balance at End of Period (Dollars in millions) Three Months Ended March 31, 2017 Assets Loans held-for-sale Second mortgage loans $ — $ 4 $ — $ — $ — $ — $ — $ 35 $ 39 HELOC loans — (3 ) — — — — — 17 14 Loans held-for-investment Second mortgage loans 41 — — — — — (2 ) (35 ) 4 HELOC loans 24 1 — — — — (4 ) (20 ) 1 Mortgage servicing rights 335 4 — — 21 (65 ) — — 295 Rate lock commitments (net) (1) 18 16 — — 53 — — (46 ) 41 Totals $ 418 $ 22 $ — $ — $ 74 $ (65 ) $ (6 ) $ (49 ) $ 394 Liabilities DOJ litigation settlement $ (60 ) $ — $ — $ — $ — $ — $ — $ — $ (60 ) Three Months Ended March 31, 2016 Assets Loans held-for-investment Second mortgage loans $ 42 $ 1 $ — $ — $ — $ — $ (3 ) $ — $ 40 HELOC loans 64 — — — — — (9 ) — 55 Mortgage servicing rights 296 (48 ) — — 57 (24 ) — — 281 Rate lock commitments (1) 26 62 — — 68 — — (95 ) 61 Totals $ 428 $ 15 $ — $ — $ 125 $ (24 ) $ (12 ) $ (95 ) $ 437 Liabilities DOJ litigation settlement $ (84 ) $ — $ — $ — $ — $ — $ — $ — $ (84 ) (1) Rate lock commitments are reported on a fallout adjusted basis. Transfers out of Level 3 represent the settlement value of the commitments that are transferred to LHFS, which are classified as Level 2 assets.
Fair Value Inputs, Assets and Liabilities Measured on Recurring Basis, Quantitative Information	The following tables present the quantitative information about recurring level 3 fair value financial instruments and the fair value measurements as of: Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) March 31, 2017 Assets Loans held-for-sale Second mortgage loans $ 39 Discounted cash flows Discount rate 10.2% - 15.3% (12.8%) HELOC loans $ 14 Discounted cash flows Discount rate 5.8% - 8.7% (7.2%) Loans held-for-investment Second mortgage loans $ 4 Discounted cash flows Discount rate 10.2% - 15.3% (12.8%) HELOC loans $ 1 Discounted cash flows Discount rate 5.8% - 8.7% (7.2%) Mortgage servicing rights $ 295 Discounted cash flows Option adjusted spread 5.3% - 7.9% (6.6%) Rate lock commitments (net) $ 41 Consensus pricing Origination pull-through rate 65.5% - 98.3% (81.9%) Liabilities DOJ litigation settlement $ (60 ) Discounted cash flows Discount rate 6.9% - 10.4% (8.6%) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) December 31, 2016 Assets Second mortgage loans $ 41 Discounted cash flows Discount rate 8.1% - 12.2% (10.2%) HELOC loans $ 24 Discounted cash flows Discount rate 6.0% - 9.0% (7.5%) Mortgage servicing rights $ 335 Discounted cash flows Option adjusted spread 6.2% - 9.3% (7.8%) Rate lock commitments (net) $ 18 Consensus pricing Origination pull-through rate 66.9% - 100.0% (83.6%) Liabilities DOJ litigation settlement $ (60 ) Discounted cash flows Discount rate 6.6% - 9.8% (8.2%)
Fair Value Inputs, Assets, Quantitative Information	The significant unobservable inputs used in the fair value measurement of the MSRs are option adjusted spreads, prepayment rates, and cost to service. Significant increases (decreases) in all three assumptions in isolation would result in a significantly lower (higher) fair value measurement. Additionally, the key economic assumptions used in determining the fair value of MSRs capitalized were as follows: Three Months Ended March 31, 2017 2016 Weighted average life (in years) 6.7 7.3 Weighted average constant prepayment rate 11.0 % 13.8 % Weighted average option adjusted spread 9.7 % 7.3 % The key economic assumptions reflected in the overall fair value of the entire portfolio of MSRs were as follows: March 31, 2017 December 31, 2016 Weighted average life (in years) 6.6 6.6 Weighted average constant prepayment rate 9.0 % 16.7 % Weighted average option adjusted spread 6.5 % 7.8 %
Fair Value Measurements, Nonrecurring	These assets are measured at the lower of cost or market and had a fair value below cost at the end of the period as summarized below: Total (1) Level 2 Level 3 Gains/(Losses) (Dollars in millions) March 31, 2017 Loans held-for-sale (2) $ 10 $ 10 $ — $ (2 ) Impaired loans held-for-investment (2) Residential first mortgage loans 12 — 12 (3 ) Repossessed assets (3) 13 — 13 — Totals $ 35 $ 10 $ 25 $ (5 ) December 31, 2016 Loans held-for-sale (2) $ 9 $ 9 $ — $ (2 ) Impaired loans held-for-investment (2) Residential first mortgage loans 25 — 25 (28 ) Repossessed assets (3) 14 — 14 (2 ) Totals $ 48 $ 9 $ 39 $ (32 ) (1) The fair values are determined at various dates during the three months ended March 31, 2017 and the year ended December 31, 2016 , respectively. (2) Gains/(losses) reflect fair value adjustments on assets for which we did not elect the fair value option. (3) Gains/(losses) reflect write downs of repossessed assets based on the estimated fair value of the specific assets.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The following tables present the quantitative information about nonrecurring level 3 fair value financial instruments and the fair value measurements: Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in millions) March 31, 2017 Impaired loans held-for-investment Residential first mortgage loans $ 12 Fair value of collateral Loss severity discount 35% - 45% (38.6%) Repossessed assets 13 Fair value of collateral Loss severity discount 13% - 100% (72.4%) December 31, 2016 Impaired loans held-for-investment Residential first mortgage loans 25 Fair value of collateral Loss severity discount 22% - 40% (29.5%) Repossessed assets 14 Fair value of collateral Loss severity discount 22% - 100% (69.5%)
Fair Value, by Balance Sheet Grouping	The following table presents the carrying amount and estimated fair value of financial instruments that are carried either at fair value, cost, or amortized cost: March 31, 2017 Estimated Fair Value Carrying Value Total Level 1 Level 2 Level 3 (Dollars in millions) Assets Cash and cash equivalents $ 161 $ 161 $ 161 $ — $ — Investment securities available-for-sale 1,650 1,650 — 1,650 — Investment securities held-to-maturity 1,048 1,038 — 1,038 — Reverse repurchase agreement 50 50 50 Loans held-for-sale 4,543 4,544 — 4,492 52 Loans held-for-investment 5,959 5,899 — 8 5,891 Loans with government guarantees 322 311 — 311 — Mortgage servicing rights 295 295 — — 295 Federal Home Loan Bank stock 201 201 — 201 — Bank owned life insurance 273 273 — 273 — Repossessed assets 13 13 — — 13 Other assets, foreclosure claims 119 119 — 119 — Derivative financial instruments, assets 77 77 1 35 41 Liabilities Retail deposits Demand deposits and savings accounts $ (5,403 ) $ (5,065 ) $ — $ (5,065 ) $ — Certificates of deposit (1,084 ) (1,088 ) — (1,088 ) — Wholesale deposits (10 ) (10 ) — (10 ) — Government deposits (1,003 ) (982 ) — (982 ) — Company controlled deposits (1,145 ) (1,073 ) — (1,073 ) — Federal Home Loan Bank advances (4,386 ) (4,373 ) — (4,373 ) — Long-term debt (493 ) (376 ) — (376 ) — DOJ litigation settlement (60 ) (60 ) — — (60 ) Derivative financial instruments, liabilities (42 ) (42 ) — (42 ) — December 31, 2016 Estimated Fair Value Carrying Value Total Level 1 Level 2 Level 3 (Dollars in millions) Assets Cash and cash equivalents $ 158 $ 158 $ 158 $ — $ — Investment securities available-for-sale 1,480 1,480 — 1,480 — Investment securities held-to-maturity 1,093 1,084 — 1,084 — Loans held-for-sale 3,177 3,178 — 3,178 — Loans held-for-investment 6,065 5,998 — 7 5,991 Loans with government guarantees 365 354 — 354 — Mortgage servicing rights 335 335 — — 335 Federal Home Loan Bank stock 180 180 — 180 — Bank owned life insurance 271 271 — 271 — Repossessed assets 14 14 — — 14 Other assets, foreclosure claims 135 135 — 135 — Derivative financial instruments, assets 123 123 45 54 24 Liabilities Retail deposits Demand deposits and savings accounts $ (5,268 ) $ (4,956 ) $ — $ (4,956 ) $ — Certificates of deposit (1,056 ) (1,062 ) — (1,062 ) — Government deposits (1,030 ) (1,011 ) — (1,011 ) — Company controlled deposits (1,446 ) (1,371 ) — (1,371 ) — Federal Home Loan Bank advances (2,980 ) (2,964 ) — (2,964 ) — Long-term debt (493 ) (277 ) — (277 ) — Warrant liabilities (4 ) (4 ) — (4 ) — DOJ litigation settlement (60 ) (60 ) — — (60 ) Derivative financial instruments, liabilities (54 ) (54 ) (11 ) (37 ) (6 )
Schedule of Changes in Fair Value Included in Earnings	The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected: Three Months Ended March 31, 2017 2016 (Dollars in millions) Assets Loans held-for-sale Net gain on loan sales $ 53 $ 144 Loans held-for-investment Interest income on loans $ 1 $ —
Fair Value, Option, Quantitative Disclosures	The following table reflects the difference between the aggregate fair value and aggregate remaining contractual principal balance outstanding for assets and liabilities for which the fair value option has been elected: March 31, 2017 December 31, 2016 Unpaid Principal Balance Fair Value Fair Value Over / (Under) Unpaid Principal Balance Unpaid Principal Balance Fair Value Fair Value Over / (Under) Unpaid Principal Balance (Dollars in millions) (Dollars in millions) Assets Nonaccrual loans Loans held-for-sale $ 16 $ 8 $ (8 ) $ 2 $ 2 $ — Loans held-for-investment 6 4 (2 ) 19 13 (6 ) Total nonaccrual loans $ 22 $ 12 $ (10 ) $ 21 $ 15 $ (6 ) Other performing loans Loans held-for-sale $ 4,362 $ 4,503 $ 141 $ 3,103 $ 3,143 $ 40 Loans held-for-investment 10 9 (1 ) 72 59 (13 ) Total other performing loans $ 4,372 $ 4,512 $ 140 $ 3,175 $ 3,202 $ 27 Total loans Loans held-for-sale $ 4,378 $ 4,511 $ 133 $ 3,105 $ 3,145 $ 40 Loans held-for-investment 16 13 (3 ) 91 72 (19 ) Total loans $ 4,394 $ 4,524 $ 130 $ 3,196 $ 3,217 $ 21 Liabilities Litigation settlement (1) $ (118 ) $ (60 ) $ 58 $ (118 ) $ (60 ) $ 58 (1) We are obligated to pay $118 million in installment payments upon meeting certain performance conditions

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present financial information by business segment for the periods indicated: Three Months Ended March 31, 2017 Community Banking Mortgage Originations Mortgage Servicing Other Total (Dollars in millions) Summary of Operations Net interest income $ 51 $ 30 $ 5 $ (3 ) $ 83 Net gain (loss) on loan sales (2 ) 50 — — 48 Representation and warranty benefit — 4 — — 4 Other noninterest income 8 22 14 4 48 Total net interest income and noninterest income 57 106 19 1 183 (Provision) benefit for loan losses (2 ) (2 ) — 1 (3 ) Depreciation and amortization expense (2 ) (2 ) (1 ) (4 ) (9 ) Other noninterest expense (44 ) (62 ) (25 ) — (131 ) Total noninterest expense (46 ) (64 ) (26 ) (4 ) (140 ) Income (loss) before income taxes 9 40 (7 ) (2 ) 40 Provision (benefit) for income taxes 3 14 (2 ) (2 ) 13 Net income (loss) $ 6 $ 26 $ (5 ) $ — $ 27 Intersegment revenue $ (1 ) $ — $ 5 $ (4 ) $ — Average balances Loans held-for-sale $ 20 $ 3,266 $ — $ — $ 3,286 Loans with government guarantees — 342 — — 342 Loans held-for-investment 5,605 5 — 29 5,639 Total assets 5,675 4,602 40 3,726 14,043 Deposits 7,455 — 1,340 — 8,795 Three Months Ended March 31, 2016 Community Banking Mortgage Originations Mortgage Servicing Other Total (Dollars in millions) Summary of Operations Net interest income $ 47 $ 22 $ 4 $ 6 $ 79 Net gain (loss) on loan sales 6 69 — — $ 75 Representation and warranty benefit — 2 — — $ 2 Other noninterest income 7 3 14 4 $ 28 Total net interest income and noninterest income 60 96 18 10 184 (Provision) benefit for loan losses 13 — — — 13 Depreciation and amortization expense (2 ) (1 ) (1 ) (3 ) (7 ) Other noninterest expense (43 ) (60 ) (24 ) (3 ) (130 ) Total noninterest expense (45 ) (61 ) (25 ) (6 ) (137 ) Income (loss) before income taxes 28 35 (7 ) 4 60 Provision (benefit) for income taxes 10 12 (2 ) 1 21 Net income (loss) $ 18 $ 23 $ (5 ) $ 3 $ 39 Intersegment revenue $ (1 ) $ — $ 6 $ (5 ) $ — Average balances Loans held-for-sale $ 178 $ 2,731 $ — $ — $ 2,909 Loans with government guarantees — 475 — — 475 Loans held-for-investment 5,657 11 — — 5,668 Total assets 5,837 4,033 42 3,631 13,543 Deposits 6,893 — 1,157 — 8,050

Recently Issued Accounting Pr42

Recently Issued Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following ASUs have been issued and are not expected to have a material impact on our Consolidated Financial Statements and/or significant accounting policies: Standard Description Effective Date ASU 2017-08 Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities January 1, 2019 ASU 2017-07 Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost January 1, 2018 ASU 2017-06 Plan Accounting - Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting January 1, 2019 ASU 2017-05 Other Income - Gains and Losses from the De-recognition of Non-financial Assets (Subtopic 610-20): Clarifying the Scope of Asset De-recognition Guidance and Accounting for Partial Sales of Non-financial Assets January 1, 2018 ASU 2017-04 Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment January 1, 2020 ASU 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business January 1, 2018 ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash January 1, 2018 ASU 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory January 1, 2018 ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments January 1, 2018 ASU 2016-04 Liabilities - Extinguishment of Liabilities (Subtopic 504-20): Recognition of Breakage for Certain Prepaid Stored-Value Products January 1, 2018 ASU 2016-01 Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018 We adopted the following accounting standard updates (ASU) during the first quarter of 2017, none of which had a material impact to our financial statements: Standard Description Effective Date ASU 2016-17 Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control January 1, 2017 ASU 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting January 1, 2017 ASU 2016-07 Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting January 1, 2017 ASU 2016-06 Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments January 1, 2017 ASU 2016-05 Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Relationships January 1, 2017

Basis of Presentation - Narrati

Basis of Presentation - Narratives (Details) - USD ($) $ in Millions	Apr. 01, 2017	Mar. 31, 2017	Mar. 31, 2016
Subsequent Event [Line Items]
Proceeds from the sale of MSRs		$ 50	$ 1
Subsequent Event
Subsequent Event [Line Items]
Proceeds from the sale of MSRs	$ 195

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Investment securities
Amortized Cost	$ 1,667		$ 1,498
Gross Unrealized Gains	3		3
Gross Unrealized Losses	(20)		(21)
Fair Value	1,650		1,480
Held-to-maturity Securities [Abstract]
Amortized Cost	1,048		1,093
Gross Unrealized Gains	1		1
Gross Unrealized Losses	(11)		(10)
Fair Value	1,038		1,084
Other than temporary impairments	0	$ 0
Agency - Commercial
Held-to-maturity Securities [Abstract]
Amortized Cost	573		595
Gross Unrealized Gains	1		0
Gross Unrealized Losses	(6)		(6)
Fair Value	568		589
Agency - Residential
Held-to-maturity Securities [Abstract]
Amortized Cost	475		498
Gross Unrealized Gains	0		1
Gross Unrealized Losses	(5)		(4)
Fair Value	470		495
Agency - Commercial
Investment securities
Amortized Cost	535		551
Gross Unrealized Gains	2		2
Gross Unrealized Losses	(5)		(5)
Fair Value	532		548
Agency - Residential
Investment securities
Amortized Cost	1,077		913
Gross Unrealized Gains	1		1
Gross Unrealized Losses	(15)		(16)
Fair Value	1,063		898
Corporate debt obligations
Investment securities
Amortized Cost	19
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	19
Municipal obligations
Investment securities
Amortized Cost	36		34
Gross Unrealized Gains	0		0
Gross Unrealized Losses	0		0
Fair Value	$ 36		$ 34

Investment Securities (Availabl

Investment Securities (Available-for-sale and Held-to-maturity Securities, Unrealized Losses) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)security	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Purchase of investment securities available-for-sale	$ 214,000,000	$ 27,000,000
Purchase of investment securities HTM	0	15,000,000
Proceeds from sale of held-to-maturity securities	0	0
Reverse repurchase agreements	50,000,000		$ 0
Available-for-sale Securities Pledged as Collateral	842,000,000		879,000,000
Agency - Commercial
Schedule of Available-for-sale Securities [Line Items]
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months and Over, Fair Value	$ 0		$ 0
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months and Over, Number of Positions | security	0		0
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months or Over, Unrealized Loss	$ 0		$ 0
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Fair Value	$ 474,000,000		$ 528,000,000
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Number of Positions | security	30		34
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Unrealized Loss	$ (6,000,000)		$ (6,000,000)
Agency - Residential
Schedule of Available-for-sale Securities [Line Items]
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months and Over, Fair Value	$ 0		$ 0
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months and Over, Number of Positions | security	0		0
Held-to-maturity Securities, Unrealized Loss Position with Duration 12 Months or Over, Unrealized Loss	$ 0		$ 0
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Fair Value	$ 380,000,000		$ 385,000,000
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Number of Positions | security	47		43
Held-to-maturity Securities, Unrealized Loss Position with Duration Under 12 Months, Unrealized Loss	$ (5,000,000)		$ (4,000,000)
US Government-sponsored Enterprises Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Purchase of investment securities available-for-sale	222,000,000	27,000,000
Sales of AFS securities	0	$ 0
Agency - Commercial
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Fair Value	$ 6,000,000		$ 6,000,000
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Number of Securities | security	1		1
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Unrealized Loss	$ 0		$ 0
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Fair Value	$ 335,000,000		$ 345,000,000
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Number of Securities | security	30		29
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Unrealized Loss	$ (5,000,000)		$ (5,000,000)
Agency - Residential
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Fair Value	$ 0		$ 0
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Number of Securities | security	0		0
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Unrealized Loss	$ 0		$ 0
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Fair Value	$ 873,000,000		$ 748,000,000
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Number of Securities | security	56		55
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Unrealized Loss	$ (16,000,000)		$ (16,000,000)
Municipal obligations
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Fair Value	$ 0		$ 0
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Number of Securities | security	0		0
Available-for-sale Securities, Unrealized Loss Position with Duration 12 Months and Over, Unrealized Loss	$ 0		$ 0
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Fair Value	$ 17,000,000		$ 17,000,000
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Number of Securities | security	9		8
Available-for-Sale Securities, Unrealized Loss Position with Duration Under 12 Months, Unrealized Loss	$ 0		$ 0

Investment Securities (Contract

Investment Securities (Contractual Maturity) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Investment Securities Available-for-Sale, Amortized Cost
Due after one year through five years, amortized cost	$ 18
Due after five years through 10 years, amortized cost	18
Due after 10 years, amortized cost	1,631
Total, amortized cost	1,667
Investment Securities Available-for-Sale, Estimated Fair Value
Due after one year through five years, fair value	18
Due after five years through 10 years, fair value	18
Due after 10 years, fair value	1,614
Fair Value	$ 1,650	$ 1,480
Investment Securities Available-for-Sale, Weighted-Average Yield
Due after one year through five years, weighted average yield (as a percent)	3.67%
Due after five years through 10 years, weighted average yield (as a percent)	4.40%
Due after 10 years, weighted average yield (as a percent)	2.31%
Investment Securities Held-to-maturity, Amortized cost
Due after one year through five years, amortized cost	$ 0
Due after five years through 10 years, amortized cost	61
Due after 10 years, amortized cost	987
Amortized Cost	1,048	1,093
Investment Securities Held-to-maturity, Estimated Fair Value
Due after one year through five years, fair value	0
Due after five years through 10 years, fair value	61
Due after 10 years, fair value	977
Fair Value	$ 1,038	$ 1,084
Investment Securities Held-to-maturity, Weighted-Average Yield
Due after one year through five years, weighted average yield (as a percent)	0.00%
Due after five years through 10 years, weighted average yield (as a percent)	2.50%
Due after 10 years, weighted average yield (as a percent)	2.42%

Loans Held-for-Sale (Details)

Loans Held-for-Sale (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 4,543		$ 3,177
Net gain (loss) on loan sales	48	$ 75
Loans held-for-sale, other	32		32
Loans held-for-sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net gain (loss) on loan sales	48	$ 75
Consumer loans | Residential first mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held-for-sale	$ 4,500		$ 3,200

Loans Held-for-Investment (Deta

Loans Held-for-Investment (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	$ 5,959	$ 6,065
Residential first mortgage loans
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	2,463	2,327
Second mortgage
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	86	126
HELOC loans
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	290	317
Other
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	27	28
Consumer loans
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	2,866	2,798
Commercial real estate
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	1,399	1,261
Commercial real estate | Commercial Borrower
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	243	245
Commercial and industrial
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	854	769
Warehouse lending
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	840	1,237
Commercial loans
Loans and Leases Receivable, Net Amount [Abstract]
Total Investment Loans	$ 3,093	$ 3,267

Loans Held-for-Investment (Narr

Loans Held-for-Investment (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	$ 5	$ 14
Unpaid principal balance	63	1	$ 75
Loans held-for-investment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Pledged as Collateral	6,800		5,300
Second mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Reclassification to Held-for-sale	72
Residential first mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs related to sale of loans	24	787
Net gain (loss) on sale of assets	1	9
Charge-offs	1	6
Unpaid principal balances		147
Nonperforming | Residential first mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs related to sale of loans	10	96
Net gain (loss) on sale of assets	1	(2)
HELOC loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge-offs	0	1
Unpaid principal balance	$ 3	$ 1	$ 3

Loans Held-for-Investment (Allo

Loans Held-for-Investment (Allowance for Loan Losses Rollforward) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	$ 142	$ 187
Charge-offs	(5)	(14)
Recoveries	1	2
Provision (benefit)	3	(13)
Ending balance ALLL	141	162
Residential first mortgage
Allowance for Loan Losses [Roll Forward]
Charge-offs	(1)	(6)
Charge-offs related to sale of loans	24	787
Loans Insured or Guaranteed by US Government Authorities
Allowance for Loan Losses [Roll Forward]
Charge-offs	(2)	(3)
Residential first mortgage
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	65	116
Charge-offs	(4)	(11)
Recoveries	0	0
Provision (benefit)	0	(10)
Ending balance ALLL	61	95
Second mortgage
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	8	11
Charge-offs	0	(1)
Recoveries	0	0
Provision (benefit)	(1)	0
Ending balance ALLL	7	10
HELOC commitments
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	16	21
Charge-offs	0	(1)
Recoveries	0	1
Provision (benefit)	(2)	(1)
Ending balance ALLL	14	20
Other Consumer
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	1	2
Charge-offs	(1)	(1)
Recoveries	1	1
Provision (benefit)	0	0
Ending balance ALLL	1	2
Commercial real estate
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	28	18
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	4	1
Ending balance ALLL	32	19
Commercial and industrial
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	17	13
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	3	(3)
Ending balance ALLL	20	10
Warehouse lending
Allowance for Loan Losses [Roll Forward]
Beginning balance ALLL	7	6
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	(1)	0
Ending balance ALLL	$ 6	$ 6

Loans Held-for-Investment (Al51

Loans Held-for-Investment (Allowance Additional Disclosure) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance for Loan Losses [Line Items]
Individually evaluated	$ 63	$ 75
Collectively evaluated	5,883	5,918
Total loans	5,946	5,993
Individually evaluated	11	13
Collectively evaluated	130	129
Total allowance for loan losses	141	142	$ 162	$ 187
Residential first mortgage
Allowance for Loan Losses [Line Items]
Individually evaluated	36	46
Collectively evaluated	2,420	2,274
Total loans	2,456	2,320
Individually evaluated	4	5
Collectively evaluated	57	60
Total allowance for loan losses	61	65	95	116
Second mortgage
Allowance for Loan Losses [Line Items]
Individually evaluated	24	26
Collectively evaluated	58	59
Total loans	82	85
Individually evaluated	5	6
Collectively evaluated	2	2
Total allowance for loan losses	7	8	10	11
HELOC commitments
Allowance for Loan Losses [Line Items]
Individually evaluated	3	3
Collectively evaluated	286	290
Total loans	289	293
Individually evaluated	2	2
Collectively evaluated	12	14
Total allowance for loan losses	14	16	20	21
Other Consumer
Allowance for Loan Losses [Line Items]
Individually evaluated	0	0
Collectively evaluated	26	28
Total loans	26	28
Individually evaluated	0	0
Collectively evaluated	1	1
Total allowance for loan losses	1	1	2	2
Commercial real estate
Allowance for Loan Losses [Line Items]
Individually evaluated	0	0
Collectively evaluated	1,399	1,261
Total loans	1,399	1,261
Individually evaluated	0	0
Collectively evaluated	32	28
Total allowance for loan losses	32	28	19	18
Commercial and industrial
Allowance for Loan Losses [Line Items]
Individually evaluated	0	0
Collectively evaluated	854	769
Total loans	854	769
Individually evaluated	0	0
Collectively evaluated	20	17
Total allowance for loan losses	20	17	10	13
Warehouse lending
Allowance for Loan Losses [Line Items]
Individually evaluated	0	0
Collectively evaluated	840	1,237
Total loans	840	1,237
Individually evaluated	0	0
Collectively evaluated	6	7
Total allowance for loan losses	$ 6	$ 7	$ 6	$ 6

Loans Held-for-Investment (Past

Loans Held-for-Investment (Past Due Loans) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Loans, Aging [Abstract]
Total Past Due	$ 33,000,000		$ 50,000,000
Current	5,926,000,000		6,015,000,000
Total Investment Loans	5,959,000,000		6,065,000,000
Loans greater than 90 days past due accounted for under the fair value option	3,000,000		13,000,000
Accrued interest on nonaccrual loans	1,000,000	$ 1,000,000
90 Days and Still Accruing	0		0
Residential first mortgage
Loans, Aging [Abstract]
Total Past Due	30,000,000		35,000,000
Current	2,433,000,000		2,292,000,000
Total Investment Loans	2,463,000,000		2,327,000,000
Second mortgage
Loans, Aging [Abstract]
Total Past Due	1,000,000		5,000,000
Current	85,000,000		121,000,000
Total Investment Loans	86,000,000		126,000,000
HELOC commitments
Loans, Aging [Abstract]
Total Past Due	2,000,000		9,000,000
Current	288,000,000		308,000,000
Total Investment Loans	290,000,000		317,000,000
Other
Loans, Aging [Abstract]
Total Past Due	0		1,000,000
Current	27,000,000		27,000,000
Total Investment Loans	27,000,000		28,000,000
Consumer loans
Loans, Aging [Abstract]
Total Past Due	33,000,000		50,000,000
Current	2,833,000,000		2,748,000,000
Total Investment Loans	2,866,000,000		2,798,000,000
Commercial real estate
Loans, Aging [Abstract]
Total Past Due	0		0
Current	1,399,000,000		1,261,000,000
Total Investment Loans	1,399,000,000		1,261,000,000
Commercial and industrial
Loans, Aging [Abstract]
Total Past Due	0		0
Current	854,000,000		769,000,000
Total Investment Loans	854,000,000		769,000,000
Warehouse lending
Loans, Aging [Abstract]
Total Past Due	0		0
Current	840,000,000		1,237,000,000
Total Investment Loans	840,000,000		1,237,000,000
Commercial loans
Loans, Aging [Abstract]
Total Past Due	0		0
Current	3,093,000,000		3,267,000,000
Total Investment Loans	3,093,000,000		3,267,000,000
30-59 Days Past Due
Loans, Aging [Abstract]
Total Past Due	4,000,000		8,000,000
30-59 Days Past Due | Residential first mortgage
Loans, Aging [Abstract]
Total Past Due	3,000,000		6,000,000
30-59 Days Past Due | Second mortgage
Loans, Aging [Abstract]
Total Past Due	0		0
30-59 Days Past Due | HELOC commitments
Loans, Aging [Abstract]
Total Past Due	1,000,000		1,000,000
30-59 Days Past Due | Other
Loans, Aging [Abstract]
Total Past Due	0		1,000,000
30-59 Days Past Due | Consumer loans
Loans, Aging [Abstract]
Total Past Due	4,000,000		8,000,000
30-59 Days Past Due | Commercial real estate
Loans, Aging [Abstract]
Total Past Due	0		0
30-59 Days Past Due | Commercial and industrial
Loans, Aging [Abstract]
Total Past Due	0		0
30-59 Days Past Due | Warehouse lending
Loans, Aging [Abstract]
Total Past Due	0		0
30-59 Days Past Due | Commercial loans
Loans, Aging [Abstract]
Total Past Due	0		0
60-89 Days Past Due
Loans, Aging [Abstract]
Total Past Due	1,000,000		2,000,000
60-89 Days Past Due | Residential first mortgage
Loans, Aging [Abstract]
Total Past Due	1,000,000		0
60-89 Days Past Due | Second mortgage
Loans, Aging [Abstract]
Total Past Due	0		1,000,000
60-89 Days Past Due | HELOC commitments
Loans, Aging [Abstract]
Total Past Due	0		1,000,000
60-89 Days Past Due | Other
Loans, Aging [Abstract]
Total Past Due	0		0
60-89 Days Past Due | Consumer loans
Loans, Aging [Abstract]
Total Past Due	1,000,000		2,000,000
60-89 Days Past Due | Commercial real estate
Loans, Aging [Abstract]
Total Past Due	0		0
60-89 Days Past Due | Commercial and industrial
Loans, Aging [Abstract]
Total Past Due	0		0
60-89 Days Past Due | Warehouse lending
Loans, Aging [Abstract]
Total Past Due	0		0
60-89 Days Past Due | Commercial loans
Loans, Aging [Abstract]
Total Past Due	0		0
90 Days or Greater Past Due
Loans, Aging [Abstract]
Total Past Due	28,000,000		40,000,000
90 Days or Greater Past Due | Residential first mortgage
Loans, Aging [Abstract]
Total Past Due	26,000,000		29,000,000
90 Days or Greater Past Due | Second mortgage
Loans, Aging [Abstract]
Total Past Due	1,000,000		4,000,000
90 Days or Greater Past Due | HELOC commitments
Loans, Aging [Abstract]
Total Past Due	1,000,000		7,000,000
90 Days or Greater Past Due | Other
Loans, Aging [Abstract]
Total Past Due	0		0
90 Days or Greater Past Due | Consumer loans
Loans, Aging [Abstract]
Total Past Due	28,000,000		40,000,000
90 Days or Greater Past Due | Commercial real estate
Loans, Aging [Abstract]
Total Past Due	0		0
90 Days or Greater Past Due | Commercial and industrial
Loans, Aging [Abstract]
Total Past Due	0		0
90 Days or Greater Past Due | Warehouse lending
Loans, Aging [Abstract]
Total Past Due	0		0
90 Days or Greater Past Due | Commercial loans
Loans, Aging [Abstract]
Total Past Due	$ 0		$ 0

Loans Held-for-Investment (Trou

Loans Held-for-Investment (Troubled Debt Restructurings) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Troubled Debt Restructurings [Line Items]
TDR Balance	$ 59	$ 85
Allowance for loan losses on TDR loans	8	9
TDR loans under fair value option	1	25
Consumer loans | Residential first mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	30	33
Consumer loans | Second mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	27	39
Consumer loans | HELOC commitments
Troubled Debt Restructurings [Line Items]
TDR Balance	2	13
Performing
Troubled Debt Restructurings [Line Items]
TDR Balance	48	67
Performing | Consumer loans | Residential first mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	20	22
Performing | Consumer loans | Second mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	26	35
Performing | Consumer loans | HELOC commitments
Troubled Debt Restructurings [Line Items]
TDR Balance	2	10
Nonperforming
Troubled Debt Restructurings [Line Items]
TDR Balance	11	18
Nonperforming | Consumer loans | Residential first mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	10	11
Nonperforming | Consumer loans | Second mortgage
Troubled Debt Restructurings [Line Items]
TDR Balance	1	4
Nonperforming | Consumer loans | HELOC commitments
Troubled Debt Restructurings [Line Items]
TDR Balance	$ 0	$ 3

Loans Held-for-Investment (Tr54

Loans Held-for-Investment (Troubled Debt Restructuring, New ) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)loan	Mar. 31, 2016USD ($)loan	Dec. 31, 2016USD ($)
Troubled Debt Restructurings [Line Items]
Number of Accounts | loan	16	100
Pre-Modification Unpaid Principal Balance	$ 1	$ 9
Post-Modification Unpaid Principal Balance	1	8
Increase in Allowance at Modification	0	0
Unpaid principal balance	$ 63	$ 1	$ 75
Residential first mortgage
Troubled Debt Restructurings [Line Items]
Number of Accounts | loan	2	13
Pre-Modification Unpaid Principal Balance	$ 0	$ 2
Post-Modification Unpaid Principal Balance	0	3
Increase in Allowance at Modification	0	$ 0
Unpaid principal balance	$ 36		46
Second mortgage
Troubled Debt Restructurings [Line Items]
Number of Accounts | loan	9	21
Pre-Modification Unpaid Principal Balance	$ 1	$ 1
Post-Modification Unpaid Principal Balance	1	1
Increase in Allowance at Modification	0	$ 0
Unpaid principal balance	$ 24		26
HELOC commitments
Troubled Debt Restructurings [Line Items]
Number of Accounts | loan	5	65
Pre-Modification Unpaid Principal Balance	$ 0	$ 4
Post-Modification Unpaid Principal Balance	0	3
Increase in Allowance at Modification	0	0
Unpaid principal balance	$ 3	$ 1	$ 3
Commercial and industrial
Troubled Debt Restructurings [Line Items]
Number of Accounts | loan		1
Pre-Modification Unpaid Principal Balance		$ 2
Post-Modification Unpaid Principal Balance		1
Increase in Allowance at Modification		$ 0

Loans Held-for-Investment (Impa

Loans Held-for-Investment (Impaired Loans) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Impaired Loans [Line Items]
With no related allowance recorded, Recorded Investment	$ 11		$ 6
With no related allowance recorded, unpaid principal balance	12		6
With an allowance recorded, recorded investment	51		69
With an allowance recorded, unpaid principal balance	51		69
With an allowance recorded, related allowance	11		13
Total recorded investment	62		75
Total unpaid principal balance	63	$ 1	75
Average Recorded Investment	70	110
Interest Income Recognized	1	1
Residential first mortgage
Impaired Loans [Line Items]
With no related allowance recorded, Recorded Investment	11		6
With no related allowance recorded, unpaid principal balance	12		6
With an allowance recorded, recorded investment	24		40
With an allowance recorded, unpaid principal balance	24		40
With an allowance recorded, related allowance	4		5
Total recorded investment	35		46
Total unpaid principal balance	36		46
Average Recorded Investment	42	74
Interest Income Recognized	0	1
Second mortgage
Impaired Loans [Line Items]
With an allowance recorded, recorded investment	24		26
With an allowance recorded, unpaid principal balance	24		26
With an allowance recorded, related allowance	5		6
Total recorded investment	24		26
Total unpaid principal balance	24		26
Average Recorded Investment	25	27
Interest Income Recognized	1	0
HELOC commitments
Impaired Loans [Line Items]
With an allowance recorded, recorded investment	3		3
With an allowance recorded, unpaid principal balance	3		3
With an allowance recorded, related allowance	2		2
Total recorded investment	3		3
Total unpaid principal balance	3	1	$ 3
Average Recorded Investment	3	4
Interest Income Recognized	0	0
Commercial and industrial
Impaired Loans [Line Items]
Average Recorded Investment	0	5
Interest Income Recognized	$ 0	$ 0

Loans Held-for-Investment (Cred

Loans Held-for-Investment (Credit Quality Indicators) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Loans held-for-investment [Line Items]
Loans held-for-investment	$ 5,946	$ 5,993
Total loans	5,959	6,065
Residential first mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	2,456	2,320
Total loans	2,463	2,327
Second mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	82	85
Total loans	86	126
HELOC commitments
Loans held-for-investment [Line Items]
Loans held-for-investment	289	293
Total loans	290	317
Other Consumer
Loans held-for-investment [Line Items]
Loans held-for-investment	26	28
Total loans	27	28
Consumer loans
Loans held-for-investment [Line Items]
Total loans	2,866	2,798
Commercial real estate
Loans held-for-investment [Line Items]
Loans held-for-investment	1,399	1,261
Total loans	1,399	1,261
Commercial and industrial
Loans held-for-investment [Line Items]
Loans held-for-investment	854	769
Total loans	854	769
Warehouse lending
Loans held-for-investment [Line Items]
Loans held-for-investment	840	1,237
Total loans	840	1,237
Commercial loans
Loans held-for-investment [Line Items]
Total loans	3,093	3,267
Pass | Residential first mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	2,414	2,273
Pass | Second mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	60	87
Pass | HELOC commitments
Loans held-for-investment [Line Items]
Loans held-for-investment	286	299
Pass | Other Consumer
Loans held-for-investment [Line Items]
Loans held-for-investment	27	28
Pass | Consumer loans
Loans held-for-investment [Line Items]
Loans held-for-investment	2,787	2,687
Pass | Commercial real estate
Loans held-for-investment [Line Items]
Loans held-for-investment	1,357	1,225
Pass | Commercial and industrial
Loans held-for-investment [Line Items]
Loans held-for-investment	769	678
Pass | Warehouse lending
Loans held-for-investment [Line Items]
Loans held-for-investment	813	1,168
Pass | Commercial loans
Loans held-for-investment [Line Items]
Loans held-for-investment	2,939	3,071
Watch | Residential first mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	21	23
Watch | Second mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	25	35
Watch | HELOC commitments
Loans held-for-investment [Line Items]
Loans held-for-investment	3	11
Watch | Other Consumer
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Watch | Consumer loans
Loans held-for-investment [Line Items]
Loans held-for-investment	49	69
Watch | Commercial real estate
Loans held-for-investment [Line Items]
Loans held-for-investment	34	27
Watch | Commercial and industrial
Loans held-for-investment [Line Items]
Loans held-for-investment	58	59
Watch | Warehouse lending
Loans held-for-investment [Line Items]
Loans held-for-investment	27	16
Watch | Commercial loans
Loans held-for-investment [Line Items]
Loans held-for-investment	119	102
Special Mention | Residential first mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Special Mention | Second mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Special Mention | HELOC commitments
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Special Mention | Other Consumer
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Special Mention | Consumer loans
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Special Mention | Commercial real estate
Loans held-for-investment [Line Items]
Loans held-for-investment	0	3
Special Mention | Commercial and industrial
Loans held-for-investment [Line Items]
Loans held-for-investment	9	21
Special Mention | Warehouse lending
Loans held-for-investment [Line Items]
Loans held-for-investment	0	53
Special Mention | Commercial loans
Loans held-for-investment [Line Items]
Loans held-for-investment	9	77
Substandard | Residential first mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	28	31
Substandard | Second mortgage
Loans held-for-investment [Line Items]
Loans held-for-investment	1	4
Substandard | HELOC commitments
Loans held-for-investment [Line Items]
Loans held-for-investment	1	7
Substandard | Other Consumer
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Substandard | Consumer loans
Loans held-for-investment [Line Items]
Loans held-for-investment	30	42
Substandard | Commercial real estate
Loans held-for-investment [Line Items]
Loans held-for-investment	8	6
Substandard | Commercial and industrial
Loans held-for-investment [Line Items]
Loans held-for-investment	18	11
Substandard | Warehouse lending
Loans held-for-investment [Line Items]
Loans held-for-investment	0	0
Substandard | Commercial loans
Loans held-for-investment [Line Items]
Loans held-for-investment	$ 26	$ 17

Loans with Government Guarant57

Loans with Government Guarantees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Abstract]
Debt instrument, term (in years)	10 years
Loans with government guarantees	$ 322	$ 365
Repossessed assets and associated claims	$ 119	$ 135

Variable Interest Entities (V58

Variable Interest Entities (VIEs) (Details) - FSTAR 2007-1 Mortgage Securitization $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)entityloan	Dec. 31, 2016USD ($)loan
Private-label Securitizations [Line Items]
Number of unconsolidated VIEs | entity	1
Number of mortgage securitization trust loans | loan	2,320	2,453
Aggregate principal balance | $	$ 82	$ 89

Mortgage Servicing Rights (Deta

Mortgage Servicing Rights (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Servicing Asset at Fair Value [Roll Forward]
Balance at beginning of period	$ 335
Changes in fair value due to
Balance at end of period	295
Residential first mortgage loans
Servicing Asset at Fair Value [Roll Forward]
Balance at beginning of period	335	$ 296
Additions from loans sold with servicing retained	21	57
Reductions from sales	(65)	(24)
Changes in fair value due to
Decrease in MSR due to pay-offs, pay-downs and run-off	(6)	(11)
Changes in estimates of fair value	10	(37)
Balance at end of period	$ 295	$ 281

Mortgage Servicing Rights (Sche

Mortgage Servicing Rights (Schedule of Sensitivity Analysis of Fair Value) (Details) - Mortgage servicing rights $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)$ / loan	Dec. 31, 2016USD ($)$ / loan
Servicing Assets at Fair Value [Line Items]
Option adjusted spread, Actual (as a percent)	6.56%	7.78%
Option adjusted spread, Decline in fair value due to 10% adverse change	$ 289	$ 326
Option adjusted spread, Decline in fair value due to 20% adverse change	$ 284	$ 318
Constant prepayment rate, Actual (as a percent)	9.00%	16.68%
Constant prepayment rate, Decline in fair value due to 10% adverse change	$ 285	$ 322
Constant prepayment rate, Decline in fair value due to 20% adverse change	$ 277	$ 311
Weighted average cost to service per loan, Actual (in usd per loan) | $ / loan	68.04	68.18
Weighted average cost to service per loan, Decline in fair value due to 10% adverse change	$ 292	$ 330
Weighted average cost to service per loan, Decline in fair value due to 20% adverse change	$ 288	$ 326

Mortgage Servicing Rights (Inco

Mortgage Servicing Rights (Income and Fees from Associated with Mortgage Servicing Asset and Mortgage Loan Subserviced) (Details) - Residential first mortgage - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Servicing Assets at Fair Value [Line Items]
Total net return (loss) on mortgage servicing rights	$ 14	$ (6)
Net return (loss) on mortgage servicing rights
Servicing Assets at Fair Value [Line Items]
Sub servicing/Servicing fees, ancillary income and late fees	20	17
Changes in fair value	4	(48)
(loss) gain on MSR derivatives	(8)	26
Net transaction costs	(2)	(1)
Net Loan Administration Income
Servicing Assets at Fair Value [Line Items]
Sub servicing/Servicing fees, ancillary income and late fees	8	8
Other servicing charges	(2)	(2)
Total income on mortgage loans subserviced, included in loan administration	$ 6	$ 6

Derivative Financial Instrume62

Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Unrealized gains on derivatives recorded in AOCI	$ (6)	$ (7)
Estimated amount to be reclassified from OCI into earnings during next 12 months	(4)
Right to reclaim cash	78	54
Obligation to Return Cash	37	74
Cash Flow Hedges
Derivative [Line Items]
Unrealized gains on derivatives recorded in AOCI	$ 2	$ 1

Derivative Financial Instrume63

Derivative Financial Instruments (Notional Amount, Estimated Fair Value and Maturity) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Other liabilities
Derivative [Line Items]
Derivative liability, Notional Amount	$ 7,146	$ 3,754
Derivative liability, Fair Value	41	54
Derivatives designated as hedging instruments | Interest rate swaps on FHLB advances
Derivative [Line Items]
Derivative asset, Fair Value		20
Derivative liability, Fair Value	1	1
Derivatives designated as hedging instruments | Other assets | Interest rate swaps on FHLB advances
Derivative [Line Items]
Derivative asset, Notional Amount	200
Derivative asset, Fair Value	0
Derivative liability, Notional Amount		600
Derivative liability, Fair Value		20
Derivatives designated as hedging instruments | Other liabilities | Interest rate swaps on FHLB advances
Derivative [Line Items]
Derivative liability, Notional Amount	630	230
Derivative liability, Fair Value	1	1
Derivatives not designated as hedging instruments
Derivative [Line Items]
Derivative asset, Fair Value	36	80
Derivative liability, Fair Value	41	48
Derivatives not designated as hedging instruments | Futures
Derivative [Line Items]
Derivative asset, Fair Value	1	2
Derivative liability, Fair Value		0
Derivatives not designated as hedging instruments | Mortgage backed securities forwards
Derivative [Line Items]
Derivative asset, Fair Value	3	43
Derivative liability, Fair Value	38	11
Derivatives not designated as hedging instruments | Interest rate swaps and swaptions
Derivative [Line Items]
Derivative asset, Fair Value	32	35
Derivative liability, Fair Value	3	37
Derivatives not designated as hedging instruments | Other assets
Derivative [Line Items]
Derivative asset, Notional Amount	10,145	14,145
Derivative asset, Fair Value	77	104
Derivatives not designated as hedging instruments | Other assets | Futures
Derivative [Line Items]
Derivative asset, Notional Amount	2,190	4,621
Derivative asset, Fair Value	1	2
Derivatives not designated as hedging instruments | Other assets | Mortgage backed securities forwards
Derivative [Line Items]
Derivative asset, Notional Amount	699	3,776
Derivative asset, Fair Value	3	43
Derivatives not designated as hedging instruments | Other assets | Rate lock commitments
Derivative [Line Items]
Derivative asset, Notional Amount	4,627	3,517
Derivative asset, Fair Value	41	24
Derivatives not designated as hedging instruments | Other assets | Interest rate swaps and swaptions
Derivative [Line Items]
Derivative asset, Notional Amount	2,629	2,231
Derivative asset, Fair Value	32	35
Derivatives not designated as hedging instruments | Other liabilities | Futures
Derivative [Line Items]
Derivative liability, Notional Amount	198	134
Derivative liability, Fair Value	0	0
Derivatives not designated as hedging instruments | Other liabilities | Mortgage backed securities forwards
Derivative [Line Items]
Derivative liability, Notional Amount	6,269	1,893
Derivative liability, Fair Value	38	11
Derivatives not designated as hedging instruments | Other liabilities | Rate lock commitments
Derivative [Line Items]
Derivative liability, Notional Amount	77	598
Derivative liability, Fair Value	0	6
Derivatives not designated as hedging instruments | Other liabilities | Interest rate swaps
Derivative [Line Items]
Derivative liability, Notional Amount	602	1,129
Derivative liability, Fair Value	$ 3	$ 37

Derivative Financial Instrume64

Derivative Financial Instruments (Master Netting Schedule) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative Asset [Abstract]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	$ 37	$ 74
Derivative Liability [Abstract]
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	78	54
Central Counterparty Clearing House
Derivative Liability [Abstract]
Collateral Already Posted, Aggregate Fair Value	15
Derivatives designated as hedging instruments | Interest rate swaps on FHLB advances
Derivative Asset [Abstract]
Gross Amount		20
Gross Amounts Netted in the Statement of Financial Position		1
Net Amount Presented in the Statement of Financial Position		19
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments		0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral		0
Derivative Liability [Abstract]
Gross Amount	1	1
Gross Amounts Netted in the Statement of Financial Position	0	1
Net Amount Presented in the Statement of Financial Position	1	0
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	28	33
Derivatives not designated as hedging instruments
Derivative Asset [Abstract]
Gross Amount	36	80
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	36	80
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	37	74
Derivative Liability [Abstract]
Gross Amount	41	48
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	41	48
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	50	21
Derivatives not designated as hedging instruments | Futures
Derivative Asset [Abstract]
Gross Amount	1	2
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	1	2
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	0	0
Derivative Liability [Abstract]
Gross Amount		0
Gross Amounts Netted in the Statement of Financial Position		0
Net Amount Presented in the Statement of Financial Position		0
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments		0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral		1
Derivatives not designated as hedging instruments | Mortgage backed securities forwards
Derivative Asset [Abstract]
Gross Amount	3	43
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	3	43
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	0	44
Derivative Liability [Abstract]
Gross Amount	38	11
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	38	11
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	36	0
Derivatives not designated as hedging instruments | Interest rate swaps and swaptions
Derivative Asset [Abstract]
Gross Amount	32	35
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	32	35
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	37	30
Derivative Liability [Abstract]
Gross Amount	3	37
Gross Amounts Netted in the Statement of Financial Position	0	0
Net Amount Presented in the Statement of Financial Position	3	37
Gross Amounts Not Offset in the Statement of Financial Condition, Financial Instruments	0	0
Gross Amounts Not Offset in the Statement of Financial Condition, Cash Collateral	$ 14	$ 20

Derivative Financial Instrume65

Derivative Financial Instruments (Schedule of Unrealized Gains or Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	$ (57)	$ 34
Futures | Net return (loss) on mortgage servicing rights
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	0	3
Interest rate swaps | Net return (loss) on mortgage servicing rights
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	(8)	15
Interest rate swaps | Other noninterest income
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	0	2
Mortgage backed securities forwards | Net return (loss) on mortgage servicing rights
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	0	8
Rate lock commitments and forward agency and loan sales | Net (loss) gain on loan sales
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	(49)	5
Rate lock commitments | Other noninterest income
Derivative [Line Items]
Net gain (loss) recognized in income on derivative instruments	$ 0	$ 1

Borrowings (FHLB Advances) (Det

Borrowings (FHLB Advances) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Short term debt FHLB advances and other	$ 3,186	$ 1,780
Current portion of fixed rate advances	1,200	1,200
Federal Home Loan Bank Advances	4,386	2,980
Long-term fixed rate advances
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Current portion of fixed rate advances	$ 175	$ 50
Short-term adjustable rate
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank Advances, Rate (as a percent)	0.87%	0.62%
Short term debt FHLB advances and other	$ 3,186	$ 1,780
Long-term LIBOR adjustable advances
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank Advances, Rate (as a percent)	1.27%	1.12%
Current portion of fixed rate advances	$ 1,025	$ 1,025
Long-term fixed rate advances
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal Home Loan Bank Advances, Rate (as a percent)	1.12%	1.12%
Current portion of fixed rate advances	$ 175	$ 175

Borrowings (Narrative) (Details

Borrowings (Narrative) (Details) - USD ($)	Jul. 11, 2016	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
FHLB line of credit, maximum amount available		$ 7,000,000,000
FHLB line of credit, available collateral amount		4,400,000,000
FHLB advances, line of credit		847,000,000
Cash received on hedge				$ 830,000,000
Payment of interest on trust preferred securities		0
Senior Note Maturing 2021 | 6.125% senior notes, matures 2021
Debt Instrument [Line Items]
Debt instrument face amount	$ 250,000,000
Debt instrument redemption rate	100.00%
Three Month LIBOR
Debt Instrument [Line Items]
FHLB line of credit, available collateral amount		$ 1,000,000,000
Debt instrument, variable interest rate, term		3 months
FHLB Advances, Prepayment Notification Period (in months)		3 months
FHLB Advances, Initial Lockout Period (in months)		12 months
Treasury Rate | Senior Note Maturing 2021 | 6.125% senior notes, matures 2021
Debt Instrument [Line Items]
Variable rate on interest rate	0.50%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Payments made to FHLB			$ 250,000,000

Borrowings (Schedule of FHLB Ad

Borrowings (Schedule of FHLB Advances, Disclosures) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Debt Disclosure [Abstract]
Maximum outstanding at any month end	$ 4,386	$ 3,557
Average outstanding balance	3,022	3,222
Average remaining borrowing capacity	$ 1,673	$ 704
Weighted average interest rate (as a percent)	1.18%	1.10%

Borrowings (Schedule of FHLB, A

Borrowings (Schedule of FHLB, Advances, Maturity Summary) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
2,017	$ 3,236
2,018	125
2,019	0
2,020	0
Thereafter	1,025
Federal Home Loan Bank Advances	$ 4,386	$ 2,980

(Trust Preferred Securities) (D

(Trust Preferred Securities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Trust Preferred Securities [Abstract]
Junior subordinated notes	$ 247	$ 247
Long-term Debt	493	493
6.125% senior notes, matures 2021
Trust Preferred Securities [Abstract]
Senior note	$ 246	$ 246
Interest rate	6.125%	6.125%
3ML plus 3.25% maturing 2032
Trust Preferred Securities [Abstract]
Variable rate on interest rate	3.25%
Junior subordinated notes	$ 26	$ 26
Interest rate	4.40%	4.25%
3ML plus 3.25% maturing 2033 A
Trust Preferred Securities [Abstract]
Variable rate on interest rate	3.25%
Junior subordinated notes	$ 26	$ 26
Interest rate	4.27%	4.13%
3ML plus 3.25% maturing 2033 B
Trust Preferred Securities [Abstract]
Variable rate on interest rate	3.25%
Junior subordinated notes	$ 26	$ 26
Interest rate	4.40%	4.25%
3ML plus 2.00% maturing 2035 A
Trust Preferred Securities [Abstract]
Variable rate on interest rate	2.00%
Junior subordinated notes	$ 26	$ 26
Interest rate	3.02%	2.88%
3ML plus 2.00% maturing 2035 B
Trust Preferred Securities [Abstract]
Variable rate on interest rate	2.00%
Junior subordinated notes	$ 26	$ 26
Interest rate	3.02%	2.88%
3ML plus 1.75% maturing 2035
Trust Preferred Securities [Abstract]
Variable rate on interest rate	1.75%
Junior subordinated notes	$ 51	$ 51
Interest rate	2.88%	2.71%
3ML plus 1.50% maturing 2035
Trust Preferred Securities [Abstract]
Variable rate on interest rate	1.50%
Junior subordinated notes	$ 25	$ 25
Interest rate	2.52%	2.38%
3ML plus 1.45% maturing 2037
Trust Preferred Securities [Abstract]
Variable rate on interest rate	1.45%
Junior subordinated notes	$ 25	$ 25
Interest rate	2.58%	2.41%
3ML plus 2.50% maturing 2037
Trust Preferred Securities [Abstract]
Variable rate on interest rate	2.50%
Junior subordinated notes	$ 16	$ 16
Interest rate	3.63%	3.46%

Representation and Warranty R71

Representation and Warranty Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Representation and Warranty Reserve [Roll Forward]
Balance at beginning of period	$ 27	$ 40
Gain on sale reduction for representation and warranty liability	0	2
Representation and warranty provision (benefit)	(4)	(2)
Total	(4)	0
Balance at end of period	$ 23	$ 40

Warrants and Restricted Stock72

Warrants and Restricted Stock Units (May Investors) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Jan. 30, 2009
Class of Warrant or Right [Line Items]
Preferred Stock, Shares Sold (in shares)	0	0
Series C Preferred Stock
Class of Warrant or Right [Line Items]
Preferred Stock, Shares Sold (in shares)			266,657
Preferred stock, total exercise price of warrant			$ 267
May Investors
Class of Warrant or Right [Line Items]
Warrants exercised (in shares)	237,627
Warrants outstanding (in shares)	0
Liability from warrants	$ 0	$ 4
May Investors | Common Stock
Class of Warrant or Right [Line Items]
Shares, Issued	154,313
Troubled Asset Relief Program
Class of Warrant or Right [Line Items]
Number of shares auctioned by warrants			645,138
Warrants exercised (used per share)			$ 62

Warrants and Restricted Stock73

Warrants and Restricted Stock Units (Restricted Stock Units) (Details) - Restricted Stock $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense | $	$ 4
Shares
Non-vested balance at beginning of period, shares | shares	1,461,910
Granted, shares | shares	85,892
Vested, shares | shares	(79,712)
Canceled and forfeited, shares | shares	(2,197)
Non-vested balance at end of period, shares | shares	1,465,893
Weighted — Average Grant-Date Fair Value per Share
Non-vested balance at beginning of period (in usd per share) | $ / shares	$ 17.68
Granted (in usd per share) | $ / shares	26.60
Vested (in usd per share) | $ / shares	21.34
Canceled and forfeited (in usd per share) | $ / shares	22.19
Non-vested balance at end of period (in usd per share) | $ / shares	$ 18

Accumulated Other Comprehensi74

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated other comprehensive income (loss)
Beginning balance	$ 1,336	$ 1,529
Other comprehensive income/(loss), net of tax	1	(13)
Ending balance	1,371	1,558
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss)
Beginning balance	(7)	2
Other comprehensive income/(loss), net of tax	1	(13)
Ending balance	(6)	(11)
Investment securities
Accumulated other comprehensive income (loss)
Beginning balance	(8)	5
Unrealized gain (loss)	0	24
Less: Tax (benefit) provision	0	9
Net unrealized loss, net of tax	0	15
Other comprehensive income/(loss), net of tax	0	15
Ending balance	(8)	20
Cash Flow Hedges
Accumulated other comprehensive income (loss)
Beginning balance	1	(3)
Unrealized gain (loss)	2	(48)
Less: Tax (benefit) provision	1	(16)
Net unrealized loss, net of tax	1	(32)
Reclassification out of AOCI	0	4
Less: Tax (benefit) provision	0	0
Reclassifications out of AOCI	0	4
Other comprehensive income/(loss), net of tax	1	(28)
Ending balance	$ 2	$ (31)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net income	$ 27	$ 39
Deferred cumulative preferred stock dividends	0	(8)
Net income applicable to common stockholders	$ 27	$ 31
Weighted average shares
Weighted average common shares outstanding	56,921,605	56,513,715
Effect of dilutive securities
May Investor Warrants (in shares)	49,149	305,219
Stock-based awards (in shares)	1,101,809	782,050
Weighted average diluted common shares	58,072,563	57,600,984
Earnings per common share
Basic earnings per common share (in usd per share)	$ 0.47	$ 0.56
Effect of dilutive securities
May investors Warrants (in usd per share)	0	0
Stock-based awards (in usd per share)	(0.01)	(0.02)
Diluted (loss) earnings per share (in usd per share)	$ 0.46	$ 0.54

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive) (Details) $ in Millions	Jul. 29, 2016USD ($)
Series C Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred Stock, Redemption Amount	$ 267

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 13	$ 21
Effective tax provision rate (as a percent)	33.10%	34.30%
Unrecognized tax benefits, recognition period (in months)	12 months

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tangible capital (to tangible assets), Actual, Amount	$ 1,277	$ 1,256
Tangible capital (to tangible assets), Actual, Ratio	9.31%	8.88%
Tier 1 capital (to adjusted tangible assets), Actual, Amount	$ 1,277	$ 1,256
Tier 1 capital (to adjusted tangible assets), Actual, Ratio (as a percent)	9.31%	8.88%
Tier 1 capital (to adjusted tangible assets), For Capital Adequacy Purposes, Amount	$ 549	$ 566
Tier 1 capital (to adjusted tangible assets), For Required Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 686	$ 707
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%
Common equity Tier 1 capital (to RWA), Actual, Amount	$ 1,071	$ 1,084
Common equity Tier 1 capital (to RWA), Actual, Ratio (as a percent)	12.32%	13.06%
Common equity Tier 1 capital (to RWA), Required for Capital Adequacy, Amount	$ 391	$ 374
Common equity Tier 1 capital (to RWA), Required for Capital Adequacy, Ratio (as a percent)	4.50%	4.50%
Common equity Tier 1 capital (to RWA), Required to Be Well Capitalized, Amount	$ 565	$ 540
Common equity Tier 1 capital (to RWA), Required to Be Well Capitalized, Ratio (as a percent)	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), Actual, Amount	$ 1,277	$ 1,256
Tier 1 capital (to risk-weighted assets), Actual, Ratio (as a percent)	14.70%	15.12%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 521	$ 498
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Tier 1 capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 695	$ 664
Tier 1 capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	8.00%	8.00%
Total capital (to risk-weighted assets), Actual, Amount	$ 1,389	$ 1,363
Total capital (to risk-weighted assets), Actual, Ratio (as a percent)	15.98%	16.41%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 695	$ 664
Total capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
Total capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 869	$ 830
Total capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	10.00%	10.00%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tangible capital (to tangible assets), Actual, Amount	$ 1,477	$ 1,491
Tangible capital (to tangible assets), Actual, Ratio	10.74%	10.52%
Tier 1 capital (to adjusted tangible assets), Actual, Amount	$ 1,477	$ 1,491
Tier 1 capital (to adjusted tangible assets), Actual, Ratio (as a percent)	10.74%	10.52%
Tier 1 capital (to adjusted tangible assets), For Capital Adequacy Purposes, Amount	$ 550	$ 567
Tier 1 capital (to adjusted tangible assets), For Required Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 688	$ 709
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%
Common equity Tier 1 capital (to RWA), Actual, Amount	$ 1,477	$ 1,491
Common equity Tier 1 capital (to RWA), Actual, Ratio (as a percent)	16.93%	17.90%
Common equity Tier 1 capital (to RWA), Required for Capital Adequacy, Amount	$ 393	$ 375
Common equity Tier 1 capital (to RWA), Required for Capital Adequacy, Ratio (as a percent)	4.50%	4.50%
Common equity Tier 1 capital (to RWA), Required to Be Well Capitalized, Amount	$ 567	$ 542
Common equity Tier 1 capital (to RWA), Required to Be Well Capitalized, Ratio (as a percent)	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), Actual, Amount	$ 1,477	$ 1,491
Tier 1 capital (to risk-weighted assets), Actual, Ratio (as a percent)	16.93%	17.90%
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 524	$ 500
Tier 1 capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Tier 1 capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 698	$ 667
Tier 1 capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	8.00%	8.00%
Total capital (to risk-weighted assets), Actual, Amount	$ 1,588	$ 1,598
Total capital (to risk-weighted assets), Actual, Ratio (as a percent)	18.20%	19.18%
Total capital (to risk-weighted assets), For Capital Adequacy Purposes, Amount	$ 698	$ 667
Total capital (to risk-weighted assets), For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
Total capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 873	$ 833
Total capital (to risk-weighted assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	10.00%	10.00%

Legal Proceedings, Contingenc79

Legal Proceedings, Contingencies and Commitments (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Loss Contingencies [Line Items]
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%
Accrued reserve for contingent liabilities	$ 3	$ 3
Letter of Credit, reserve amount	3	3
Selling commitments	65
DOJ Agreement
Loss Contingencies [Line Items]
Litigation settlement, initial payment	15
Litigation settlement payment amount	$ 118
Fair Value Inputs, Discount Rate	8.60%
Litigation Settlement Liability	$ 60	$ 60
Bank
Loss Contingencies [Line Items]
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%
Additional payments | DOJ Agreement
Loss Contingencies [Line Items]
Annual payments (up to)	$ 25
Litigation Settlement, Terms (less than)	33.30%
DOJ Agreement | Bank
Loss Contingencies [Line Items]
Tier 1 capital (to adjusted tangible assets), Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	11.00%

Legal Proceedings, Contingenc80

Legal Proceedings, Contingencies and Commitments (Credit Commitments) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Mortgage loans interest-rate lock commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	$ 4,704	$ 4,115
Warehouse loan commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	1,623	1,670
Commercial and industrial commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	521	424
Other commercial commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	774	651
HELOC commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	183	179
Other consumer commitments
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	37	57
Standby and commercial letters of credit
Loss Contingencies [Line Items]
Unused Commitments to Extend Credit	$ 37	$ 30

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	$ 1,650	$ 1,480
Loans held-for-sale	4,511	3,145
Loans held-for-investment	13	72
Mortgage servicing rights	295	335
Total assets at fair value	4,524	3,217
Agency - Commercial
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	532	548
Agency - Residential
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	1,063	898
Municipal obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	36	34
Corporate debt obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	19
Total Fair Value
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	1,650	1,480
Loans held-for-sale	4,544	3,178
Loans held-for-investment	5,899	5,998
Mortgage servicing rights	295	335
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		(4)
Level 1 | Total Fair Value
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Loans held-for-sale	0	0
Loans held-for-investment	0	0
Mortgage servicing rights	0	0
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		0
Level 2 | Total Fair Value
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	1,650	1,480
Loans held-for-sale	4,492	3,178
Loans held-for-investment	8	7
Mortgage servicing rights	0	0
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		(4)
Level 3 | Total Fair Value
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Loans held-for-sale	52	0
Loans held-for-investment	5,891	5,991
Mortgage servicing rights	295	335
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		0
Recurring | Total Fair Value
Assets, Fair Value Disclosure [Abstract]
Mortgage servicing rights	295	335
Total assets at fair value	6,546	5,155
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		(4)
DOJ litigation settlement	(60)	(60)
Total liabilities at fair value	(102)	(118)
Recurring | Total Fair Value | Rate lock commitments
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	41	24
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		(6)
Recurring | Total Fair Value | Mortgage-backed securities forwards
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	3	43
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(38)	(11)
Recurring | Total Fair Value | Interest rate swaps and swaptions
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	32	35
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(3)
Recurring | Total Fair Value | Futures
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	1	2
Recurring | Total Fair Value | Interest rate swaps on FHLB advances
Assets, Fair Value Disclosure [Abstract]
Total derivative assets		19
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(1)
Recurring | Total Fair Value | Interest rate swaps
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		(37)
Recurring | Total Fair Value | Residential first mortgage loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	4,458	3,145
Loans held-for-investment	8	7
Recurring | Total Fair Value | Second mortgage
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	39
Loans held-for-investment	4	41
Recurring | Total Fair Value | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	14
Recurring | Total Fair Value | Agency - Commercial
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	532	548
Recurring | Total Fair Value | Agency - Residential
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	1,063	898
Recurring | Total Fair Value | Municipal obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	36	34
Recurring | Total Fair Value | Corporate debt obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	19
Recurring | Total Fair Value | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-investment	1	24
Recurring | Level 1
Assets, Fair Value Disclosure [Abstract]
Mortgage servicing rights	0	0
Total assets at fair value	1	2
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		0
DOJ litigation settlement	0	0
Total liabilities at fair value	0	0
Recurring | Level 1 | Rate lock commitments
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		0
Recurring | Level 1 | Mortgage-backed securities forwards
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0	0
Recurring | Level 1 | Interest rate swaps and swaptions
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0
Recurring | Level 1 | Futures
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	1	2
Recurring | Level 1 | Interest rate swaps on FHLB advances
Assets, Fair Value Disclosure [Abstract]
Total derivative assets		0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0
Recurring | Level 1 | Interest rate swaps
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		0
Recurring | Level 1 | Residential first mortgage loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0	0
Loans held-for-investment	0	0
Recurring | Level 1 | Second mortgage
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0
Loans held-for-investment	0	0
Recurring | Level 1 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0
Recurring | Level 1 | Agency - Commercial
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 1 | Agency - Residential
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 1 | Municipal obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 1 | Corporate debt obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0
Recurring | Level 1 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-investment	0	0
Recurring | Level 2
Assets, Fair Value Disclosure [Abstract]
Mortgage servicing rights	0	0
Total assets at fair value	6,151	4,729
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		(4)
DOJ litigation settlement	0	0
Total liabilities at fair value	(42)	(52)
Recurring | Level 2 | Rate lock commitments
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		0
Recurring | Level 2 | Mortgage-backed securities forwards
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	3	43
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(38)	(11)
Recurring | Level 2 | Interest rate swaps and swaptions
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	32	35
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(3)
Recurring | Level 2 | Futures
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Recurring | Level 2 | Interest rate swaps on FHLB advances
Assets, Fair Value Disclosure [Abstract]
Total derivative assets		19
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	(1)
Recurring | Level 2 | Interest rate swaps
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		(37)
Recurring | Level 2 | Residential first mortgage loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	4,458	3,145
Loans held-for-investment	8	7
Recurring | Level 2 | Second mortgage
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0
Loans held-for-investment	0	0
Recurring | Level 2 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0
Recurring | Level 2 | Agency - Commercial
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	532	548
Recurring | Level 2 | Agency - Residential
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	1,063	898
Recurring | Level 2 | Municipal obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	36	34
Recurring | Level 2 | Corporate debt obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	19
Recurring | Level 2 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-investment	0	0
Recurring | Level 3
Assets, Fair Value Disclosure [Abstract]
Mortgage servicing rights	295	335
Total assets at fair value	394	424
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities		0
DOJ litigation settlement	(60)	(60)
Total liabilities at fair value	(60)	(66)
Recurring | Level 3 | Rate lock commitments
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	41	24
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		(6)
Recurring | Level 3 | Mortgage-backed securities forwards
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0	0
Recurring | Level 3 | Interest rate swaps and swaptions
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0
Recurring | Level 3 | Futures
Assets, Fair Value Disclosure [Abstract]
Total derivative assets	0	0
Recurring | Level 3 | Interest rate swaps on FHLB advances
Assets, Fair Value Disclosure [Abstract]
Total derivative assets		0
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities	0
Recurring | Level 3 | Interest rate swaps
Liabilities, Fair Value Disclosure [Abstract]
Derivative liabilities		0
Recurring | Level 3 | Residential first mortgage loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	0	0
Loans held-for-investment	0	0
Recurring | Level 3 | Second mortgage
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	39
Loans held-for-investment	4	41
Recurring | Level 3 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-sale	14
Recurring | Level 3 | Agency - Commercial
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 3 | Agency - Residential
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 3 | Municipal obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0	0
Recurring | Level 3 | Corporate debt obligations
Assets, Fair Value Disclosure [Abstract]
Investment securities available-for-sale	0
Recurring | Level 3 | HELOC loans
Assets, Fair Value Disclosure [Abstract]
Loans held-for-investment	$ 1	$ 24

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)
HELOC loans | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
FICO Score	437
HELOC loans | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
FICO Score	809
HELOC loans | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
FICO Score	650
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets or liabilities at fair value between fair value levels	$ 0	$ 0

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements Using Significant Unobservable Inputs) (Details) - Recurring - Level 3 - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	$ 418	$ 428
Total Unrealized Gains / (Losses)	22	15
Total Realized Gains / (Losses)	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	74	125
Sales	(65)	(24)
Settlements	(6)	(12)
Transfers In (Out)	(49)	(95)
Balance at End of Period	394	437
DOJ litigation settlement
Liabilities, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	(60)	(84)
Total unrealized gains/(losses) recorded in earnings	0	0
Total realized gains/(losses) recorded in earnings	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	0	0
Sales	0	0
Settlements	0	0
Transfers In (Out)	0	0
Balance at End of Period	(60)	(84)
Second mortgage loans
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	41	42
Total Unrealized Gains / (Losses)	0	1
Total Realized Gains / (Losses)	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	0	0
Sales	0	0
Settlements	(2)	(3)
Transfers In (Out)	(35)	0
Balance at End of Period	4	40
Second mortgage loans | Loans held-for-sale
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	0
Total Unrealized Gains / (Losses)	4
Total Realized Gains / (Losses)	0
Total unrealized gains/(losses) recorded in OCI	0
Purchases / Originations	0
Sales	0
Settlements	0
Transfers In (Out)	35
Balance at End of Period	39
HELOC loans
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	24	64
Total Unrealized Gains / (Losses)	1	0
Total Realized Gains / (Losses)	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	0	0
Sales	0	0
Settlements	(4)	(9)
Transfers In (Out)	(20)	0
Balance at End of Period	1	55
HELOC loans | Loans held-for-sale
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	0
Total Unrealized Gains / (Losses)	(3)
Total Realized Gains / (Losses)	0
Total unrealized gains/(losses) recorded in OCI	0
Purchases / Originations	0
Sales	0
Settlements	0
Transfers In (Out)	17
Balance at End of Period	14
Mortgage servicing rights
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	335	296
Total Unrealized Gains / (Losses)	4	(48)
Total Realized Gains / (Losses)	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	21	57
Sales	(65)	(24)
Settlements	0	0
Transfers In (Out)	0	0
Balance at End of Period	295	281
Rate lock commitments
Assets, Unobservable Input Reconciliation [Roll Forward]
Balance at Beginning of Period	18	26
Total Unrealized Gains / (Losses)	16	62
Total Realized Gains / (Losses)	0	0
Total unrealized gains/(losses) recorded in OCI	0	0
Purchases / Originations	53	68
Sales	0	0
Settlements	0	0
Transfers In (Out)	(46)	(95)
Balance at End of Period	$ 41	$ 61

Fair Value Measurements (Level

Fair Value Measurements (Level 3 Quantitative Information) (Details) - Level 3 - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Mortgage servicing rights | Weighted Average
Fair Value Inputs [Abstract]
Constant prepayment rate (as a percent)	9.00%	16.70%
Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 394	$ 437	$ 418	$ 428
Recurring | Litigation settlement
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Liabilities	(60)	(84)	(60)	(84)
Recurring | Second mortgage
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	4	40	41	42
Recurring | Mortgage servicing rights
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	295	281	335	296
Recurring | Rate lock commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	41	$ 61	18	$ 26
Recurring | Discounted cash flows | Litigation settlement
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Liabilities	$ (60)		$ (60)
Recurring | Discounted cash flows | Litigation settlement | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	6.90%		6.60%
Recurring | Discounted cash flows | Litigation settlement | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	10.40%		9.80%
Recurring | Discounted cash flows | Litigation settlement | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	8.60%		8.20%
Recurring | Discounted cash flows | Second mortgage
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 4		$ 41
Recurring | Discounted cash flows | Second mortgage | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	10.20%		8.10%
Constant prepayment rate (as a percent)	12.00%		16.30%
CDR rate (as a percent)	3.00%		2.70%
Recurring | Discounted cash flows | Second mortgage | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	15.30%		12.20%
Constant prepayment rate (as a percent)	18.00%		24.40%
CDR rate (as a percent)	4.50%		4.10%
Recurring | Discounted cash flows | Second mortgage | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	12.80%		10.20%
Constant prepayment rate (as a percent)	15.00%		20.30%
CDR rate (as a percent)	3.70%		3.70%
Recurring | Discounted cash flows | Second mortgage | Held-for-sale
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 39
Recurring | Discounted cash flows | Second mortgage | Held-for-sale | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	10.20%
Constant prepayment rate (as a percent)	12.00%
CDR rate (as a percent)	3.00%
Recurring | Discounted cash flows | Second mortgage | Held-for-sale | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	15.30%
Constant prepayment rate (as a percent)	18.00%
CDR rate (as a percent)	4.50%
Recurring | Discounted cash flows | Second mortgage | Held-for-sale | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	12.80%
Constant prepayment rate (as a percent)	15.00%
CDR rate (as a percent)	3.70%
Recurring | Discounted cash flows | HELOC loans
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 1		$ 24
Recurring | Discounted cash flows | HELOC loans | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	5.80%		6.00%
Recurring | Discounted cash flows | HELOC loans | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	8.70%		9.00%
Recurring | Discounted cash flows | HELOC loans | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	7.20%		7.50%
Recurring | Discounted cash flows | HELOC loans | Held-for-sale
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 14
Recurring | Discounted cash flows | HELOC loans | Held-for-sale | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	5.80%
Recurring | Discounted cash flows | HELOC loans | Held-for-sale | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	8.70%
Recurring | Discounted cash flows | HELOC loans | Held-for-sale | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	7.20%
Recurring | Discounted cash flows | Mortgage servicing rights
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 295		$ 335
Recurring | Discounted cash flows | Mortgage servicing rights | Lower range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	5.30%		6.20%
Constant prepayment rate (as a percent)	7.30%		13.90%
Weighted average cost to service per loan	$ 54		$ 55
Recurring | Discounted cash flows | Mortgage servicing rights | Upper range
Fair Value Inputs [Abstract]
Discount rate (as a percent)	7.90%		9.30%
Constant prepayment rate (as a percent)	10.70%		19.20%
Weighted average cost to service per loan	$ 82		$ 82
Recurring | Discounted cash flows | Mortgage servicing rights | Weighted Average
Fair Value Inputs [Abstract]
Discount rate (as a percent)	6.60%		7.80%
Constant prepayment rate (as a percent)	9.00%		16.70%
Weighted average cost to service per loan	$ 68		$ 68
Recurring | Discounted cash flows | Rate lock commitments | Lower range
Fair Value Inputs [Abstract]
Asset growth rate (as a percent)	1.00%		4.20%
Recurring | Discounted cash flows | Rate lock commitments | Upper range
Fair Value Inputs [Abstract]
Asset growth rate (as a percent)	18.10%		11.60%
Recurring | Discounted cash flows | Rate lock commitments | Weighted Average
Fair Value Inputs [Abstract]
Asset growth rate (as a percent)	3.70%		7.90%
Recurring | Consensus pricing | Rate lock commitments
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair value, Assets	$ 41		$ 18
Recurring | Consensus pricing | Rate lock commitments | Lower range
Fair Value Inputs [Abstract]
Origination pull-through rate (as a percent)	65.50%		66.90%
Recurring | Consensus pricing | Rate lock commitments | Upper range
Fair Value Inputs [Abstract]
Origination pull-through rate (as a percent)	98.30%		100.00%
Recurring | Consensus pricing | Rate lock commitments | Weighted Average
Fair Value Inputs [Abstract]
Origination pull-through rate (as a percent)	81.90%		83.60%

Fair Value Measurements (Fair85

Fair Value Measurements (Fair Value Inputs, Assets, Quantitative Disclosures) (Details) - Level 3 - Weighted Average	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Residential Mortgage Servicing Rights Capitalized
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Weighted average life (in years)	6 years 7 months 30 days	7 years 3 months 24 days
Weighted-average constant prepayment rate (as a percent)	11.00%	13.80%
Weighted average option adjusted spread (as a percent)	9.70%	7.30%
Mortgage servicing rights
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Weighted average life (in years)	6 years 6 months 30 days	6 years 6 months 30 days
Weighted-average constant prepayment rate (as a percent)	9.00%	16.70%
Weighted average option adjusted spread (as a percent)	6.50%	7.80%

Fair Value Measurements (Asse86

Fair Value Measurements (Assets Measured at Fair Value on a Non-recurring Basis) (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2015	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held-for-sale	$ 4,511			$ 3,145
Total assets at fair value	4,524			3,217
Net gain (loss) on loan sales	48	$ 75
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	13			14
Total assets at fair value	35			48
Fair value losses on repossessed assets	0		$ (1)	(2)
Net gain (loss) on loan sales	(5)	$ (1)		(32)
Nonrecurring | Residential first mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held-for-sale	10			9
Impaired loans held-for-investment	12			25
Nonrecurring | Residential first mortgage loans | Interest income on loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value losses on loans (less than for $1 million)	(2)			(2)
Nonrecurring | Residential first mortgage loans | Provision for loan losses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value losses on loans (less than for $1 million)	(3)			(28)
Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	0			0
Total assets at fair value	10			9
Nonrecurring | Level 2 | Residential first mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held-for-sale	10			9
Impaired loans held-for-investment	0			0
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Repossessed assets	13			14
Total assets at fair value	25			39
Nonrecurring | Level 3 | Residential first mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held-for-sale	0			0
Impaired loans held-for-investment	$ 12			$ 25

Fair Value Measurements (Asse87

Fair Value Measurements (Assets Measured on a Nonrecurring Basis, Level 3 Quantitative Information) (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Repossessed assets	$ 13	$ 14
Residential first mortgage loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans held-for-investment	12	25
Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Repossessed assets	$ 13	$ 14
Level 3 | Fair value of underlying collateral | Lower range
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	13.00%	22.00%
Level 3 | Fair value of underlying collateral | Upper range
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	100.00%	100.00%
Level 3 | Fair value of underlying collateral | Weighted Average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	72.40%	69.50%
Level 3 | Residential first mortgage loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans held-for-investment	$ 12	$ 25
Level 3 | Residential first mortgage loans | Fair value of underlying collateral
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans held-for-investment	$ 12	$ 25
Level 3 | Residential first mortgage loans | Fair value of underlying collateral | Lower range
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	35.00%	22.00%
Level 3 | Residential first mortgage loans | Fair value of underlying collateral | Upper range
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	45.00%	40.00%
Level 3 | Residential first mortgage loans | Fair value of underlying collateral | Weighted Average
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss severity (as a percent)	38.60%	29.50%
Level 3 | Repossessed assets | Fair value of underlying collateral
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Repossessed assets	$ 13	$ 14

Fair Value Measurements (Fair88

Fair Value Measurements (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets
Investment securities available-for-sale	$ 1,650	$ 1,480
Investment securities held-to-maturity	1,038	1,084
Loans held-for-sale	4,511	3,145
Loans held-for-investment	13	72
Mortgage servicing rights	295	335
Carrying Value
Assets
Cash and cash equivalents	161	158
Investment securities available-for-sale	1,650
Investment securities held-to-maturity	1,048	1,093
Reverse repurchase agreement	50
Loans held-for-sale	4,543	3,177
Loans held-for-investment	5,959	6,065
Loans with government guarantees	322	365
Mortgage servicing rights	295	335
Federal Home Loan Bank stock	201	180
Bank owned life insurance	273	271
Repossessed assets	13	14
Other assets, foreclosure claims	119	135
Derivative financial instruments, assets	77	123
Liabilities
Federal Home Loan Bank advances	(4,386)	(2,980)
Long-term debt	(493)	(493)
Warrant liabilities		(4)
DOJ litigation settlement	(60)	(60)
Derivative financial instruments, liabilities	(42)	(54)
Carrying Value | Demand deposits and savings accounts
Liabilities
Deposits	(5,403)	(5,268)
Carrying Value | Certificates of deposit
Liabilities
Deposits	(1,084)	(1,056)
Carrying Value | Wholesale deposits
Liabilities
Deposits	(10)
Carrying Value | Government deposits
Liabilities
Deposits	(1,003)	(1,030)
Carrying Value | Company controlled deposits
Liabilities
Deposits	(1,145)	(1,446)
Estimated Fair Value
Assets
Cash and cash equivalents	161	158
Investment securities available-for-sale	1,650	1,480
Investment securities held-to-maturity	1,038	1,084
Reverse repurchase agreement	50
Loans held-for-sale	4,544	3,178
Loans held-for-investment	5,899	5,998
Loans with government guarantees	311	354
Mortgage servicing rights	295	335
Federal Home Loan Bank stock	201	180
Bank owned life insurance	273	271
Repossessed assets	13	14
Other assets, foreclosure claims	119	135
Derivative financial instruments, assets	77	123
Liabilities
Federal Home Loan Bank advances	(4,373)	(2,964)
Long-term debt	(376)	(277)
Warrant liabilities		(4)
DOJ litigation settlement	(60)	(60)
Derivative financial instruments, liabilities	(42)	(54)
Estimated Fair Value | Demand deposits and savings accounts
Liabilities
Deposits	(5,065)	(4,956)
Estimated Fair Value | Certificates of deposit
Liabilities
Deposits	(1,088)	(1,062)
Estimated Fair Value | Wholesale deposits
Liabilities
Deposits	(10)
Estimated Fair Value | Government deposits
Liabilities
Deposits	(982)	(1,011)
Estimated Fair Value | Company controlled deposits
Liabilities
Deposits	(1,073)	(1,371)
Estimated Fair Value | Level 1
Assets
Cash and cash equivalents	161	158
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Loans held-for-sale	0	0
Loans held-for-investment	0	0
Loans with government guarantees	0	0
Mortgage servicing rights	0	0
Federal Home Loan Bank stock	0	0
Bank owned life insurance	0	0
Repossessed assets	0	0
Other assets, foreclosure claims	0	0
Derivative financial instruments, assets	1	45
Liabilities
Federal Home Loan Bank advances	0	0
Long-term debt	0	0
Warrant liabilities		0
DOJ litigation settlement	0	0
Derivative financial instruments, liabilities	0	(11)
Estimated Fair Value | Level 1 | Demand deposits and savings accounts
Liabilities
Deposits	0	0
Estimated Fair Value | Level 1 | Certificates of deposit
Liabilities
Deposits	0	0
Estimated Fair Value | Level 1 | Wholesale deposits
Liabilities
Deposits	0
Estimated Fair Value | Level 1 | Government deposits
Liabilities
Deposits	0	0
Estimated Fair Value | Level 1 | Company controlled deposits
Liabilities
Deposits	0	0
Estimated Fair Value | Level 2
Assets
Cash and cash equivalents	0	0
Investment securities available-for-sale	1,650	1,480
Investment securities held-to-maturity	1,038	1,084
Reverse repurchase agreement	50
Loans held-for-sale	4,492	3,178
Loans held-for-investment	8	7
Loans with government guarantees	311	354
Mortgage servicing rights	0	0
Federal Home Loan Bank stock	201	180
Bank owned life insurance	273	271
Repossessed assets	0	0
Other assets, foreclosure claims	119	135
Derivative financial instruments, assets	35	54
Liabilities
Federal Home Loan Bank advances	(4,373)	(2,964)
Long-term debt	(376)	(277)
Warrant liabilities		(4)
DOJ litigation settlement	0	0
Derivative financial instruments, liabilities	(42)	(37)
Estimated Fair Value | Level 2 | Demand deposits and savings accounts
Liabilities
Deposits	(5,065)	(4,956)
Estimated Fair Value | Level 2 | Certificates of deposit
Liabilities
Deposits	(1,088)	(1,062)
Estimated Fair Value | Level 2 | Wholesale deposits
Liabilities
Deposits	(10)
Estimated Fair Value | Level 2 | Government deposits
Liabilities
Deposits	(982)	(1,011)
Estimated Fair Value | Level 2 | Company controlled deposits
Liabilities
Deposits	(1,073)	(1,371)
Estimated Fair Value | Level 3
Assets
Cash and cash equivalents	0	0
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Loans held-for-sale	52	0
Loans held-for-investment	5,891	5,991
Loans with government guarantees	0	0
Mortgage servicing rights	295	335
Federal Home Loan Bank stock	0	0
Bank owned life insurance	0	0
Repossessed assets	13	14
Other assets, foreclosure claims	0	0
Derivative financial instruments, assets	41	24
Liabilities
Federal Home Loan Bank advances	0	0
Long-term debt	0	0
Warrant liabilities		0
DOJ litigation settlement		(60)
Derivative financial instruments, liabilities	0	(6)
Estimated Fair Value | Level 3 | Demand deposits and savings accounts
Liabilities
Deposits	0	0
Estimated Fair Value | Level 3 | Certificates of deposit
Liabilities
Deposits	0	0
Estimated Fair Value | Level 3 | Wholesale deposits
Liabilities
Deposits	0
Estimated Fair Value | Level 3 | Government deposits
Liabilities
Deposits	0	0
Estimated Fair Value | Level 3 | Company controlled deposits
Liabilities
Deposits	$ 0	$ 0

Fair Value Measurements (Fair89

Fair Value Measurements (Fair Value Option Disclosures) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	$ 4,394		$ 3,196
Fair Value	4,524		3,217
Fair Value Over / (Under) Unpaid Principal Balance	130		21
Nonperforming
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	22		21
Fair Value	12		15
Fair Value Over / (Under) Unpaid Principal Balance	(10)		(6)
Performing
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	4,372		3,175
Fair Value	4,512		3,202
Fair Value Over / (Under) Unpaid Principal Balance	140		27
Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	4,378		3,105
Fair Value	4,511		3,145
Fair Value Over / (Under) Unpaid Principal Balance	133		40
Loans held-for-sale | Nonperforming
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	16		2
Fair Value	8		2
Fair Value Over / (Under) Unpaid Principal Balance	(8)		0
Loans held-for-sale | Performing
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	4,362		3,103
Fair Value	4,503		3,143
Fair Value Over / (Under) Unpaid Principal Balance	141		40
Loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	16		91
Fair Value	13		72
Fair Value Over / (Under) Unpaid Principal Balance	(3)		(19)
Loans held-for-investment | Nonperforming
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	6		19
Fair Value	4		13
Fair Value Over / (Under) Unpaid Principal Balance	(2)		(6)
Loans held-for-investment | Performing
Fair Value, Option, Quantitative Disclosures [Line Items]
Unpaid Principal Balance	10		72
Fair Value	9		59
Fair Value Over / (Under) Unpaid Principal Balance	(1)		(13)
Litigation settlement
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value, Option, Contractual Principal Outstanding, Liabilities	(118)		(118)
Long-term Debt, Fair Value	(60)		(60)
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments	58		$ 58
Net gain on loan sales | Loans held-for-sale
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value, gain (loss)	53	$ 144
Interest income on loans | Loans held-for-investment
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in fair value, gain (loss)	$ 1	$ 0

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Summary of Operations
Net interest income	$ 83	$ 79
Net gain (loss) on loan sales	48	75
Representation and warranty benefit	4	2
Other noninterest income (loss)	48	28
Total net interest income and noninterest income	183	184
(Provision) benefit for loan losses	(3)	13
Depreciation and amortization expense	(9)	(7)
Other noninterest expense	(131)	(130)
Total noninterest expense	(140)	(137)
Income before income taxes	40	60
Provision (benefit) for income taxes	13	21
Net income	27	39
Average balances
Loans held-for-sale	3,286	2,909
Loans with government guarantees	342	475
Loans held-for-investment	5,639	5,668
Total assets	14,043	13,543
Deposits	8,795	8,050
Intersegment Eliminations
Summary of Operations
Total net interest income and noninterest income	0	0
Community Banking
Summary of Operations
Net interest income	51	47
Net gain (loss) on loan sales	(2)	6
Representation and warranty benefit	0	0
Other noninterest income (loss)	8	7
Total net interest income and noninterest income	57	60
(Provision) benefit for loan losses	(2)	13
Depreciation and amortization expense	(2)	(2)
Other noninterest expense	(44)	(43)
Total noninterest expense	(46)	(45)
Income before income taxes	9	28
Provision (benefit) for income taxes	3	10
Net income	6	18
Average balances
Loans held-for-sale	20	178
Loans with government guarantees	0	0
Loans held-for-investment	5,605	5,657
Total assets	5,675	5,837
Deposits	7,455	6,893
Community Banking | Intersegment Eliminations
Summary of Operations
Total net interest income and noninterest income	(1)	(1)
Mortgage Originations
Summary of Operations
Net interest income	30	22
Net gain (loss) on loan sales	50	69
Representation and warranty benefit	4	2
Other noninterest income (loss)	22	3
Total net interest income and noninterest income	106	96
(Provision) benefit for loan losses	(2)	0
Depreciation and amortization expense	(2)	(1)
Other noninterest expense	(62)	(60)
Total noninterest expense	(64)	(61)
Income before income taxes	40	35
Provision (benefit) for income taxes	14	12
Net income	26	23
Average balances
Loans held-for-sale	3,266	2,731
Loans with government guarantees	342	475
Loans held-for-investment	5	11
Total assets	4,602	4,033
Deposits	0	0
Mortgage Originations | Intersegment Eliminations
Summary of Operations
Total net interest income and noninterest income	0	0
Mortgage Servicing
Summary of Operations
Net interest income	5	4
Net gain (loss) on loan sales	0	0
Representation and warranty benefit	0	0
Other noninterest income (loss)	14	14
Total net interest income and noninterest income	19	18
(Provision) benefit for loan losses	0	0
Depreciation and amortization expense	(1)	(1)
Other noninterest expense	(25)	(24)
Total noninterest expense	(26)	(25)
Income before income taxes	(7)	(7)
Provision (benefit) for income taxes	(2)	(2)
Net income	(5)	(5)
Average balances
Loans held-for-sale	0	0
Loans with government guarantees	0	0
Loans held-for-investment	0	0
Total assets	40	42
Deposits	1,340	1,157
Mortgage Servicing | Intersegment Eliminations
Summary of Operations
Total net interest income and noninterest income	5	6
Other
Summary of Operations
Net interest income	(3)	6
Net gain (loss) on loan sales	0	0
Representation and warranty benefit	0	0
Other noninterest income (loss)	4	4
Total net interest income and noninterest income	1	10
(Provision) benefit for loan losses	1	0
Depreciation and amortization expense	(4)	(3)
Other noninterest expense	0	(3)
Total noninterest expense	(4)	(6)
Income before income taxes	(2)	4
Provision (benefit) for income taxes	(2)	1
Net income	0	3
Average balances
Loans held-for-sale	0	0
Loans with government guarantees	0	0
Loans held-for-investment	29	0
Total assets	3,726	3,631
Deposits	0	0
Other | Intersegment Eliminations
Summary of Operations
Total net interest income and noninterest income	$ (4)	$ (5)