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Sales of Receivables and Servicing Rights (Tables) | 3 Months Ended
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Mar. 31, 2025
Transfers and Servicing [Abstract] |
Activity Related to Mortgage Banking Net Revenue | Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows:
| For the three months ended March 31,
($ in millions) | 2025 | 2024
Residential mortgage loan sales(a) | $ | 1,003 |  | 714 |
Origination fees and gains on loan sales | 14 |  | 14 |
Gross mortgage servicing fees | 74 |  | 78 |
(a)Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets | The following table presents changes in the servicing rights related to residential mortgage loans for the three months ended March 31:
($ in millions) | 2025 | 2024
Balance, beginning of period | $ | 1,704 |  | 1,737 |
Servicing rights originated | 9 |  | 11 |
Changes in fair value: |  |
Due to changes in inputs or assumptions(a) | (16) |  | 41 |
Other changes in fair value(b) | (34) |  | (33) |
Balance, end of period | $ | 1,663 |  | 1,756 |
(a)Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates. (b)Primarily reflects changes due to realized cash flows and the passage of time.
Servicing Assets and Residual Interests Economic Assumptions | The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended March 31, 2025 and 2024 were as follows:
| March 31, 2025 |  | March 31, 2024
| Weighted- Average Life (in years) | Prepayment Speed (annual) | OAS (bps) |  | Weighted- Average Life (in years) | Prepayment Speed (annual) | OAS (bps)
Fixed-rate | 7.4 | 10.7 | % | 483 |  | 5.9 | 14.3 | % | 503
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions | At March 31, 2025, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a) |  |  | Prepayment Speed Assumption |  | OAS Assumption
Fair Value | Weighted- Average Life (in years) |  | Impact of Adverse Change on Fair Value |  | OAS (bps) | Impact of Adverse Change on Fair Value
Rate | 10% | 20% | 50% |  | 10% | 20%
Fixed-rate | $ | 1,660 |  | 8.2 | 6.3 | % | $ | (39) |  | (76) |  | (176) |  |  | 418 | $ | (32) |  | (63) |
Adjustable-rate | 3 |  | 4.8 | 16.0 |  | — |  | (1) |  | (1) |  |  | 725 | — |  | — |
(a)The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.

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- Definition Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481326/860-20-50-3 + Details
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- Definition Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481326/860-20-50-4 + Details
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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-4 + Details
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