Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies

Summary of composition of mortgage loans originated, by loan type; credit score; and loan-to-value ratio

	THREE MONTHS
	ENDED MARCH 31,		TWELVE MONTHS ENDED DECEMBER 31,
	2015		2014		2013		2012		2011		2010
Prime	68.1	%	67.6	%	57.2	%	48.6	%	42.2	%	34.9	%
Government (FHA/VA/USDA)	31.9		32.4		42.8		51.4		57.8		65.1
Total	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%
Average FICO credit score	729		732		733		731		726		723
Average combined loan-to-value ratio	87.8	%	87.8	%	89.8	%	90.1	%	90.3	%	90.8	%

Changes in mortgage loan loss reserves and related legal reserves

(in thousands)	2015		2014
Balance at January 1	$	1,397	$	11,472
Provision for losses	122		94
Settlements made	(164)		(231		)
Balance at March 31	$	1,355	$	11,335

Changes in product liability reserves

(in thousands)	2015			2014
Balance at January 1	$	25,556		$	23,139
Warranties issued	1,199			1,801
Changes in liability for accruals related to pre-existing warranties	(210		)	(45		)
Settlements made	(2,615		)	(1,784		)
Balance at March 31	$	23,930		$	23,111

Changes in RHIC's insurance reserves

(in thousands)	2015			2014
Balance at January 1	$	12,521		$	13,857
Insurance expense provisions or adjustments	-			1,900
Loss expenses paid	(764		)	(665		)
Balance at March 31	$	11,757		$	15,092