. the reserve for losses under these programs totaled $ 43 million and $ 47 million as of december 31 , 2012 and december 31 , 2011 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses