Charles Schwab 2011 Annual Report Download - page 93

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 65 -
Residential real estate mortgages
Originated first Purchased first Home equity
December 31, 2011 mortgages mortgages Total lines of credit
Year of origination
Pre-2007 $ 291 $ 52 $ 343 $ 1,074
2007 278 8 286 232
2008 538 8 546 1,262
2009 553 10 563 412
2010 1,757 17 1,774 311
2011 2,020 64 2,084 218
Total $ 5,437 $ 159 $ 5,596 $ 3,509
Origination FICO
< 620 $ 9 $ 2 $ 11 $ -
620 - 679 108 19 127 24
680 - 739 1,030 43 1,073 667
≥ 740 4,290 95 4,385 2,818
Total $ 5,437 $ 159 $ 5,596 $ 3,509
Updated FICO
< 620 $ 55 $ 7 $ 62 $ 49
620 - 679 162 11 173 112
680 - 739 831 44 875 520
≥ 740 4,389 97 4,486 2,828
Total $ 5,437 $ 159 $ 5,596 $ 3,509
Origination LTV (1)
≤ 70% $ 3,507 $ 91 $ 3,598 $ 2,378
71% - 89% 1,904 60 1,964 1,091
≥ 90% 26 8 34 40
Total $ 5,437 $ 159 $ 5,596 $ 3,509
(1) The computation of the Origination LTV ratio for a HELOC includes any first lien mortgage outstanding on the same
property at the time of origination. At December 31, 2011, $755 million of $3.5 billion in HELOCs were in a first lien
position.