Consolidated Statements of Cash Flows - USD ($)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Operating Activities |
|
|
|
|
|
| Net income (loss) |
$ 86,000,000
|
$ 78,000,000
|
$ 158,000,000
|
$ (69,000,000)
|
$ 267,000,000
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
|
|
|
| (Benefit) provision for loan losses |
(16,000,000)
|
(17,000,000)
|
(19,000,000)
|
132,000,000
|
70,000,000
|
| Representation and warranty (benefit) provision |
(6,000,000)
|
(7,000,000)
|
(19,000,000)
|
10,000,000
|
36,000,000
|
| Depreciation and amortization |
16,000,000
|
11,000,000
|
24,000,000
|
24,000,000
|
23,000,000
|
| Changes in valuation allowance on deferred tax assets |
|
|
11,000,000
|
8,000,000
|
(356,000,000)
|
| Deferred income taxes |
31,000,000
|
43,000,000
|
67,000,000
|
(36,000,000)
|
(59,000,000)
|
| Change in fair value and other non-cash changes |
|
|
(132,000,000)
|
(280,000,000)
|
(121,000,000)
|
| Net gain on loan and asset sales |
(163,000,000)
|
(171,000,000)
|
(288,000,000)
|
(218,000,000)
|
(430,000,000)
|
| Other than temporary impairment losses on investment securities AFS |
|
|
0
|
0
|
9,000,000
|
| Net (gain) loss on transferors' interest |
|
|
0
|
0
|
(46,000,000)
|
| Proceeds from sales of loans held-for-sale (HFS) |
9,761,000,000
|
9,764,000,000
|
18,467,000,000
|
17,189,000,000
|
37,162,000,000
|
| Origination, premium paid and purchase of loans, net of principal repayments |
(14,639,000,000)
|
(14,458,000,000)
|
(28,008,000,000)
|
(24,899,000,000)
|
(37,957,000,000)
|
| (Increase) decrease in accrued interest receivable |
1,000,000
|
(4,000,000)
|
(8,000,000)
|
33,000,000
|
44,000,000
|
| Net proceeds from sales of trading securities |
|
|
0
|
0
|
170,000,000
|
| Decrease (increase) in other assets, excludes purchase of other investments |
(58,000,000)
|
43,000,000
|
211,000,000
|
(33,000,000)
|
125,000,000
|
| Net charge-offs in representation and warranty reserve |
|
|
(1,000,000)
|
(18,000,000)
|
(193,000,000)
|
| Increase (decrease) in other liabilities |
31,000,000
|
6,000,000
|
(10,000,000)
|
12,000,000
|
(306,000,000)
|
| Changes in fair value of MSRs, DOJ liability and long-term debt |
(197,000,000)
|
(334,000,000)
|
|
|
|
| Net cash used in operating activities |
(5,153,000,000)
|
(5,046,000,000)
|
(9,547,000,000)
|
(8,145,000,000)
|
(1,562,000,000)
|
| Investing Activities |
|
|
|
|
|
| Proceeds from sale of available for sale securities including loans that have been securitized |
5,943,000,000
|
4,558,000,000
|
9,098,000,000
|
9,191,000,000
|
3,412,000,000
|
| Collection of principal on investment securities available-for-sale |
68,000,000
|
124,000,000
|
218,000,000
|
160,000,000
|
55,000,000
|
| Purchase of investment securities available-for-sale and other |
(68,000,000)
|
(724,000,000)
|
(1,148,000,000)
|
(1,278,000,000)
|
(1,057,000,000)
|
| Collection of principal on investment securities held-to-maturity (HTM) |
72,000,000
|
0
|
85,000,000
|
0
|
0
|
| Purchase of investment securities held-to-maturity |
(15,000,000)
|
0
|
(217,000,000)
|
0
|
0
|
| Proceeds received from the sale of held-for-investment (HFI) loans |
228,000,000
|
710,000,000
|
946,000,000
|
73,000,000
|
1,434,000,000
|
| Origination and purchase of loans HFI, net of principal repayments |
(812,000,000)
|
(1,717,000,000)
|
(3,130,000,000)
|
(923,000,000)
|
666,000,000
|
| Purchase of bank owned life insurance |
(85,000,000)
|
(150,000,000)
|
(175,000,000)
|
0
|
0
|
| Proceeds from the disposition of repossessed assets |
9,000,000
|
13,000,000
|
24,000,000
|
39,000,000
|
117,000,000
|
| Net (purchase) redemption of Federal Home Loan Bank stock |
|
|
(15,000,000)
|
54,000,000
|
92,000,000
|
| Acquisitions of premises and equipment, net of proceeds |
(25,000,000)
|
(19,000,000)
|
(46,000,000)
|
(33,000,000)
|
(36,000,000)
|
| Proceeds from the sale of mortgage servicing rights |
21,000,000
|
100,000,000
|
245,000,000
|
226,000,000
|
851,000,000
|
| Net cash provided by investing activities |
5,334,000,000
|
2,937,000,000
|
5,885,000,000
|
7,509,000,000
|
5,534,000,000
|
| Financing Activities |
|
|
|
|
|
| Net increase (decrease) in deposit accounts |
636,000,000
|
580,000,000
|
866,000,000
|
928,000,000
|
(2,154,000,000)
|
| Proceeds from increases in Federal Home Loan Bank advances |
150,000,000
|
14,480,000,000
|
37,399,000,000
|
18,972,000,000
|
4,315,000,000
|
| Repayment of Federal Home Loan Bank advances |
0
|
(12,796,000,000)
|
(34,372,000,000)
|
(19,446,000,000)
|
(6,507,000,000)
|
| Repayment of trust preferred securities and long-term debt |
|
|
(88,000,000)
|
(29,000,000)
|
(20,000,000)
|
| Net receipt (disbursement) of payments of loans serviced for others |
52,000,000
|
(3,000,000)
|
(76,000,000)
|
70,000,000
|
(278,000,000)
|
| Net receipt (disbursement) of escrow payments |
4,000,000
|
8,000,000
|
5,000,000
|
(4,000,000)
|
0
|
| Repayments of long-term debt |
0
|
(50,000,000)
|
|
|
|
| Net change in short-term borrowings |
(1,047,000,000)
|
0
|
|
|
|
| Net cash provided by (used in) financing activities |
(205,000,000)
|
2,219,000,000
|
3,734,000,000
|
491,000,000
|
(4,644,000,000)
|
| Net increase (decrease) in cash and cash equivalents |
(24,000,000)
|
110,000,000
|
72,000,000
|
(145,000,000)
|
(672,000,000)
|
| Beginning cash and cash equivalents |
208,000,000
|
136,000,000
|
136,000,000
|
281,000,000
|
953,000,000
|
| Ending cash and cash equivalents |
184,000,000
|
246,000,000
|
208,000,000
|
136,000,000
|
281,000,000
|
| Supplemental disclosure of cash flow information |
|
|
|
|
|
| Interest paid on deposits and other borrowings |
37,000,000
|
26,000,000
|
58,000,000
|
32,000,000
|
143,000,000
|
| Income tax payments (refund) |
2,000,000
|
3,000,000
|
6,000,000
|
(1,000,000)
|
6,000,000
|
| FHLB prepayment penalty payment |
|
|
0
|
0
|
178,000,000
|
| Non-cash reclassification of investment securities AFS to HTM |
|
|
1,112,000,000
|
0
|
0
|
| Non-cash reclassification of loans originated HFI to loans HFS |
1,331,000,000
|
775,000,000
|
1,140,000,000
|
426,000,000
|
832,000,000
|
| Non-cash reclassification of mortgage loans originated HFS to HFI/Recharacterization of investment securities AFS to loans HFI |
0
|
27,000,000
|
30,000,000
|
19,000,000
|
64,000,000
|
| Non-cash reclassification of mortgage loans HFS to AFS securities |
5,768,000,000
|
4,566,000,000
|
8,853,000,000
|
8,800,000,000
|
3,376,000,000
|
| Initial non-cash reclassification of loans with government guarantees to other assets |
0
|
373,000,000
|
373,000,000
|
0
|
0
|
| Mortgage servicing rights resulting from sale or securitization of loans |
$ 122,000,000
|
$ 146,000,000
|
260,000,000
|
271,000,000
|
402,000,000
|
| Reconsolidation of HELOC's of variable interest entities (VIEs) |
|
|
0
|
0
|
171,000,000
|
| Reconsolidation of long-term debt of VIEs |
|
|
0
|
0
|
120,000,000
|
| Available-for-sale Securities |
|
|
|
|
|
| Supplemental disclosure of cash flow information |
|
|
|
|
|
| Non-cash reclassification of mortgage loans originated HFS to HFI/Recharacterization of investment securities AFS to loans HFI |
|
|
$ 0
|
$ 0
|
$ 91,000,000
|