SCHEDULE II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2013

Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - Valuation and Qualifying Accounts

SCHEDULE II — Valuation and Qualifying Accounts

For the Years Ended December 31, 2013, 2012 and 2011 (in thousands)

Description	Balance at Beginning of Year		Charged to  Costs and Expenses				Transferred to Other  Accounts (2)			Collected/ Recovered		Balance at End of Year
Mortgage Loan Portfolio:
Valuation Allowance-2011	$	294,140	$	1,000		(1)	$	(153,453	)	$	—	$	141,687
Valuation Allowance-2012	141,687		(275		)	(1)	(89,812		)	—		$	51,600
Valuation Allowance-2013	51,600		(6,485		)	(1)	(26,907		)	—		$	18,208

(1) We revised our valuation allowance based on our evaluation of our mortgage loan portfolio for each of the years ended December 31, 2013, 2012 and 2011.

(2) The amount listed in the column heading “Transferred to Other Accounts” represents net charge offs during the year, which were transferred to a real estate owned status at the date of foreclosure of the related loans or were recognized upon sale of the related loan.