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Acquired Property Net
6 Months Ended
Jun. 30, 2012
Real Estate [Abstract]  
Acquired Property, Net
Acquired Property, Net
Acquired property, net consists of held-for-sale foreclosed property received in full satisfaction of a loan, net of a valuation allowance for declines in the fair value of the properties after initial acquisition. We classify properties as held for sale when we intend to sell the property and are actively marketing it for sale. The following table displays the activity in acquired property and the related valuation allowance for the three and six months ended June 30, 2012 and 2011.
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2012
 
June 30, 2012
 
Acquired Property
 
Valuation Allowance(1)
 
Acquired Property, Net
 
Acquired Property
 
Valuation Allowance(1)
 
Acquired Property, Net
 
 
(Dollars in millions)
 
Balance as of beginning of period
 
$
11,409

 
 
 
$
(790
)
 
 
 
$
10,619

 
 
 
$
12,401

 
 
 
$
(1,028
)
 
 
 
$
11,373

 
Additions
 
4,282

 
 
 
(120
)
 
 
 
4,162

 
 
 
8,108

 
 
 
(241
)
 
 
 
7,867

 
Disposals
 
(4,656
)
 
 
 
395

 
 
 
(4,261
)
 
 
 
(9,474
)
 
 
 
913

 
 
 
(8,561
)
 
Write-downs, net of recoveries
 

 
 
 
(133
)
 
 
 
(133
)
 
 
 

 
 
 
(292
)
 
 
 
(292
)
 
Balance as of end of period
 
$
11,035

 
 
 
$
(648
)
 
 
 
$
10,387

 
 
 
$
11,035

 
 
 
$
(648
)
 
 
 
$
10,387

 

 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2011
 
June 30, 2011
 
Acquired Property
 
Valuation Allowance(1)
 
Acquired Property, Net
 
Acquired Property
 
Valuation Allowance(1)
 
Acquired Property, Net
 
 
(Dollars in millions)
 
Balance as of beginning of period
 
$
16,928

 
 
 
$
(1,664
)
 
 
 
$
15,264

 
 
 
$
18,054

 
 
 
$
(1,881
)
 
 
 
$
16,173

 
Additions
 
4,998

 
 
 
(149
)
 
 
 
4,849

 
 
 
9,887

 
 
 
(278
)
 
 
 
9,609

 
Disposals
 
(7,011
)
 
 
 
788

 
 
 
(6,223
)
 
 
 
(13,026
)
 
 
 
1,518

 
 
 
(11,508
)
 
Write-downs, net of recoveries
 

 
 
 
(298
)
 
 
 
(298
)
 
 
 

 
 
 
(682
)
 
 
 
(682
)
 
Balance as of end of period
 
$
14,915

 
 
 
$
(1,323
)
 
 
 
$
13,592

 
 
 
$
14,915

 
 
 
$
(1,323
)
 
 
 
$
13,592

 
__________
(1) 
Reflects activities in the valuation allowance for acquired properties held primarily by our single-family segment.