notes to consolidated financial statements 161 fifth third bancorp as of december 31 , 2012 ( $ in millions ) significant unobservable ranges of financial instrument fair value valuation technique inputs inputs weighted-average commercial loans held for sale $ 9 appraised value appraised value nm nm cost to sell nm 10.0% ( 10.0 % ) commercial and industrial loans 83 appraised value default rates 100% ( 100 % ) nm collateral value nm nm commercial mortgage loans 46 appraised value default rates 100% ( 100 % ) nm collateral value nm nm commercial construction loans 4 appraised value default rates 100% ( 100 % ) nm collateral value nm nm msrs 697 discounted cash flow prepayment speed 0 - 100% ( 100 % ) ( fixed ) 16.1% ( 16.1 % ) ( adjustable ) 26.9% ( 26.9 % ) discount rates 9.4 - 18.0% ( 18.0 % ) ( fixed ) 10.5% ( 10.5 % ) ( adjustable ) 11.7% ( 11.7 % ) .

Financial Instrument
Fair Value
Valuation Technique
Significant UnobservableInputs
Ranges ofInputs
Weighted-Average
Commercial loans held for sale
$ 9
Appraised value
Appraised valueCost to sell
NMNM
NM10.0%
Commercial and industrial loans
83
Appraised value
Default ratesCollateral value
100%NM
NMNM
Commercial mortgage loans
46
Appraised value
Default ratesCollateral value
100%NM
NMNM
Commercial construction loans
4
Appraised value
Default ratesCollateral value
100%NM
NMNM
MSRs
697
Discounted cash flow
Prepayment speedDiscount rates
0 - 100%9.4 - 18.0%
(Fixed) 16.1%(Adjustable) 26.9%(Fixed) 10.5%(Adjustable)11.7%
OREO
165
Appraised value
Appraised value
NM
NM

commercial loans held for sale during 2013 and 2012 , the bancorp transferred $ 5 million and $ 16 million , respectively , of commercial loans from the portfolio to loans held for sale that upon transfer were measured at fair value using significant unobservable inputs .
these loans had fair value adjustments in 2013 and 2012 totaling $ 4 million and $ 1 million , respectively , and were generally based on appraisals of the underlying collateral and were therefore , classified within level 3 of the valuation hierarchy .
additionally , during 2013 and 2012 there were fair value adjustments on existing commercial loans held for sale of $ 3 million and $ 12 million , respectively .
the fair value adjustments were also based on appraisals of the underlying collateral and were therefore classified within level 3 of the valuation hierarchy .
an adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement .
the accounting department determines the procedures for valuation of commercial hfs loans which may include a comparison to recently executed transactions of similar type loans .
a monthly review of the portfolio is performed for reasonableness .
quarterly , appraisals approaching a year old are updated and the real estate valuation group , which reports to the chief risk and credit officer , in conjunction with the commercial line of business review the third party appraisals for reasonableness .
additionally , the commercial line of business finance department , which reports to the bancorp chief financial officer , in conjunction with accounting review all loan appraisal values , carrying values and vintages .
commercial loans held for investment during 2013 and 2012 , the bancorp recorded nonrecurring impairment adjustments to certain commercial and industrial , commercial mortgage and commercial construction loans held for investment .
larger commercial loans included within aggregate borrower relationship balances exceeding $ 1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment .
the bancorp considers the current value of collateral , credit quality of any guarantees , the guarantor 2019s liquidity and willingness to cooperate , the loan structure and other factors when evaluating whether an individual loan is impaired .
when the loan is collateral dependent , the fair value of the loan is generally based on the fair value of the underlying collateral supporting the loan and therefore these loans were classified within level 3 of the valuation hierarchy .
in cases where the carrying value exceeds the fair value , an impairment loss is recognized .
an adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement .
the fair values and recognized impairment losses are reflected in the previous table .
commercial credit risk , which reports to the chief risk and credit officer , is responsible for preparing and reviewing the fair value estimates for commercial loans held for investment .
mortgage interest rates increased during the year ended december 31 , 2013 and the bancorp recognized a recovery of temporary impairment on servicing rights .
the bancorp recognized temporary impairments in certain classes of the msr portfolio during the year ended december 31 , 2012 and the carrying value was adjusted to the fair value .
msrs do not trade in an active , open market with readily observable prices .
while sales of msrs do occur , the precise terms and conditions typically are not readily available .
accordingly , the bancorp estimates the fair value of msrs using internal discounted cash flow models with certain unobservable inputs , primarily prepayment speed assumptions , discount rates and weighted average lives , resulting in a classification within level 3 of the valuation hierarchy .
refer to note 11 for further information on the assumptions used in the valuation of the bancorp 2019s msrs .
the secondary marketing department and treasury department are responsible for determining the valuation methodology for msrs .
representatives from secondary marketing , treasury , accounting and risk management are responsible for reviewing key assumptions used in the internal discounted cash flow model .
two external valuations of the msr portfolio are obtained from third parties that use valuation models in order to assess the reasonableness of the internal discounted cash flow model .
additionally , the bancorp participates in peer surveys that provide additional confirmation of the reasonableness of key assumptions utilized in the msr valuation process and the resulting msr prices .
during 2013 and 2012 , the bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties classified as oreo and measured at the lower of carrying amount or fair value .
these nonrecurring losses are primarily due to declines in real estate values of the properties recorded in oreo .
for the years ended december 31 , 2013 and 2012 , these losses include $ 19 million and $ 17 million , respectively , recorded as charge-offs , on new oreo properties transferred from loans during the respective periods and $ 26 million and $ 57 million , respectively , recorded as negative fair value adjustments on oreo in other noninterest income subsequent to their transfer from loans .
as discussed in the following paragraphs , the fair value amounts are generally based on appraisals of the property values , resulting in a .

Question: Analyse this data from a financial earnings document. what is the percentage change in nonrecurring losses from 2012 to 2013?
Choices:
0.11765
-8.35294
-0.82353
0
0.94118
Correct choice index: 0