Mortgage Servicing Rights - Effect of Hypothetical Changes in the Fair Value of MSRs (Details) - USD ($) $ in Millions |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
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Transfers and Servicing [Abstract] | ||||||
Fair value of mortgage servicing rights | $ 1,044 | $ 1,241 | $ 1,127 | $ 1,145 | $ 1,178 | $ 1,124 |
Interest rate change of 50 basis points | ||||||
Adverse change | (92) | |||||
Favorable change | 76 | |||||
Option adjusted spread change of 50 basis points | ||||||
Increase | (23) | |||||
Decrease | 24 | |||||
Conditional prepayment rate change of 1% | ||||||
Increase | (34) | |||||
Decrease | 38 | |||||
Cost to service change of 10% | ||||||
Increase | (9) | |||||
Decrease | $ 10 |
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- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Schedule of Sensitivity Analysis of Fair Value, Conditional Prepayment Rate Change No definition available.
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- Definition Schedule of Sensitivity Analysis of Fair Value, Cost To Service Change No definition available.
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- Definition Schedule of Sensitivity Analysis of Fair Value, Discount Rate Change No definition available.
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- Definition Schedule of Sensitivity Analysis of Fair Value, Interest Rate Change No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Decrease Cost of Service No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Increase Cost of Service No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 1 Percent Decrease in Prepayment Speed No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 1 Percent Increase in Prepayment Speed No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Adverse Interest Rate Change No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Discount Rate Decrease No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Discount Rate Increase No definition available.
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- Definition Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 50 basis point Favorable Interest Rate Change No definition available.
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