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Acquired Property Net
 9 Months Ended
Sep. 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 nine months ended September 30, 2012 and 2011.
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2012
 
September 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
 
$
11,035

 
 
 
$
(648
)
 
 
 
$
10,387

 
 
 
$
12,401

 
 
 
$
(1,028
)
 
 
 
$
11,373

 
Additions
 
4,349

 
 
 
(259
)
 
 
 
4,090

 
 
 
12,457

 
 
 
(500
)
 
 
 
11,957

 
Disposals
 
(4,442
)
 
 
 
298

 
 
 
(4,144
)
 
 
 
(13,916
)
 
 
 
1,211

 
 
 
(12,705
)
 
Write-downs, net of recoveries
 
—

 
 
 
(55
)
 
 
 
(55
)
 
 
 
—

 
 
 
(347
)
 
 
 
(347
)
 
Balance as of end of period
 
$
10,942

 
 
 
$
(664
)
 
 
 
$
10,278

 
 
 
$
10,942

 
 
 
$
(664
)
 
 
 
$
10,278

 

 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2011
 
September 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
 
$
14,915

 
 
 
$
(1,323
)
 
 
 
$
13,592

 
 
 
$
18,054

 
 
 
$
(1,881
)
 
 
 
$
16,173

 
Additions
 
4,066

 
 
 
(144
)
 
 
 
3,922

 
 
 
13,953

 
 
 
(422
)
 
 
 
13,531

 
Disposals
 
(5,606
)
 
 
 
601

 
 
 
(5,005
)
 
 
 
(18,632
)
 
 
 
2,119

 
 
 
(16,513
)
 
Write-downs, net of recoveries
 
—

 
 
 
(314
)
 
 
 
(314
)
 
 
 
—

 
 
 
(996
)
 
 
 
(996
)
 
Balance as of end of period
 
$
13,375

 
 
 
$
(1,180
)
 
 
 
$
12,195

 
 
 
$
13,375

 
 
 
$
(1,180
)
 
 
 
$
12,195

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