SunTrust 2008 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2008 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
The following tables present certain information related to the Company’s asset transfers in which it has continuing
involvement for each of the years ended December 31, 2008, 2007, and 2006:
Year Ended December 31, 2008
(Dollars in thousands)
Residential
Mortgage
Loans
Commercial
Mortgage
Loans
Commercial
and Corporate
Loans
Student
Loans
CDO
Securities Consolidated
Total proceeds $- $- $- $- $- $-
Gain/(loss) -- --- -
Cash flows on interests held 40,703 - 24,282 7,971 4,134 77,090
Servicing or management fees 5,483 182 14,216 833 - 20,714
Year Ended December 31, 2007
(Dollars in thousands)
Residential
Mortgage
Loans
Commercial
Mortgage
Loans
Commercial
and Corporate
Loans
Student
Loans
CDO
Securities Consolidated
Total proceeds $1,892,819 $416,321 $2,186,367 $- $- $4,495,507
Gain/(loss) (15,669) (4,041) 4,949 - - (14,761)
Cash flows on interests held 6,427 - 22,194 - 3,198 31,819
Servicing or management fees 3,411 207 10,309 854 389 15,170
Year Ended December 31, 2006
(Dollars in thousands)
Residential
Mortgage
Loans
Commercial
Mortgage
Loans
Commercial
and Corporate
Loans
Student
Loans
CDO
Securities Consolidated
Total proceeds $496,500 $491,391 $1,054,933 $750,060 $472,580 $3,265,464
Gain 1,100 14,806 29,767 2,610 2,902 51,185
Cash flows on interests held 148 - 854 - 3,105 4,107
Servicing or management fees 1,579 124 2,057 700 - 4,460
As transferor, the Company typically provides standard representations and warranties in relation to assets transferred.
However, other than the loan substitution discussed herein, purchases of assets previously transferred in securitization
transactions were insignificant across all categories for all periods presented.
112