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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Summary of the activity in repurchase and foreclosure-related reserves
A summary of the activity in repurchase and foreclosure-related reserves is as follows:
 
Nine Months Ended
September 30,
 
2017
 
2016
 
(In millions)
Balance, beginning of period
$
73

 
$
89

Realized losses
(18
)
 
(17
)
Transfer of reserves (1)
(7
)
 
—

Increase in reserves due to:
 

 
 

Changes in assumptions
7

 
10

New loan sales
2

 
5

Balance, end of period
$
57

 
$
87

______________
(1)
During the nine months ended September 30, 2017, certain loans and associated reserves of Mortgage loans in foreclosure have been transferred to Mortgage loans held for sale pursuant to the Company's marketing of and intentions to sell those assets.
Repurchase and foreclosure-related reserves consist of the following:
 
September 30,
2017
 
December 31,
2016
 
(In millions)
Loan repurchase and indemnification liability
$
38

 
$
49

Adjustment to value for real estate owned
19

 
14

Allowance for probable foreclosure losses
—

 
10

Total
$
57

 
$
73