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Financial Guaranty Insurance Contracts (Details 8) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
entity
security
segment
agreement
market
subsidiary
company
policy
D
transaction
counterparty
Sep. 30, 2010
Sep. 30, 2011
subsidiary
statement
ratingcategory
security
Y
segment
entity
agreement
market
company
policy
D
transaction
counterparty
Sep. 30, 2010
Dec. 31, 2010
entity
security
policy
Financial guarantee obligations     
Number of negotiated agreements2 2  
Threshold days delinquent for which all loan files are requested for review (in days)60 60  
Salvage and subrogation recoverable     
For all Financial Guaranty Insurance Contracts$ 386,300,000 $ 386,300,000 $ 866,200,000
Effect of Consolidating FG VIEs(200,900,000) (200,900,000) (52,900,000)
Reported on Balance Sheet185,400,000 185,400,000 813,300,000
Loss and LAE reserve     
For all Financial Guaranty Insurance Contracts978,100,000 978,100,000 490,600,000
Effect of Consolidating FG VIEs(89,600,000) (89,600,000) (85,800,000)
Reported on Balance Sheet888,500,000 888,500,000 404,800,000
Unearned premium reserve     
For all Financial Guaranty Insurance Contracts186,600,000 186,600,000 243,700,000
Effect of Consolidating FG VIEs(43,700,000) (43,700,000) (22,500,000)
Reported on Balance Sheet142,900,000 142,900,000 221,200,000
Total     
For all Financial Guaranty Insurance Contracts1,551,000,0001,306,900,0001,551,000,0001,306,900,000 
Effect of Consolidating FG VIEs(334,200,000) (334,200,000) (161,200,000)
Reported on Balance Sheet1,216,800,000 1,216,800,000 1,439,300,000
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  1,600,500,0001,173,100,000 
R&W Development and Accretion of Discount159,100,00053,300,000930,000,000265,200,000 
R&W Recovered  (979,500,000)(131,400,000) 
Future Net R&W Benefit at the end of the period1,551,000,0001,306,900,0001,551,000,0001,306,900,000 
R&W benefit attributable to transactions covered by the Bank of America Agreement649,800,000 649,800,000  
Number of Risks as of the end of the period with R&W Benefit Recorded56 56 46
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period8,572,800,000 8,572,800,000 7,493,100,000
Breakdown of the development and accretion amount     
Inclusion of new deals with breaches of R&W during period1,100,000 108,200,00062,400,000 
Change in recovery assumptions as the result of additional file review and recovery success43,300,000(3,400,000)241,700,00061,900,000 
Estimated increase (decrease) in defaults that will result in additional (lower) breaches(22,600,000)50,100,00011,400,000132,200,000 
Results of Bank of America Agreement129,800,000 559,500,000  
Accretion of discount on balance7,500,0006,600,0009,200,0008,700,000 
Total159,100,00053,300,000930,000,000265,200,000 
Percent of recoveries for first lien transactions under the Bank of America Agreement, less sharing agreement80.00% 80.00%  
U.S. RMBS
     
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Gross R&W amounts recovered  1,107,800,000154,400,000 
Alt-A first lien
     
Total     
For all Financial Guaranty Insurance Contracts192,700,00084,000,000192,700,00084,000,000 
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  81,000,00064,200,000 
R&W Development and Accretion of Discount  111,700,00019,800,000 
Future Net R&W Benefit at the end of the period192,700,00084,000,000192,700,00084,000,000 
Number of Risks as of the end of the period with R&W Benefit Recorded20 20 17
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period1,778,400,000 1,778,400,000 1,882,800,000
Breakdown of the development and accretion amount     
Total  111,700,00019,800,000 
Total first lien
     
Financial guarantee obligations     
Number of defaulted loan files reviewed17,000 17,000  
Outstanding par of defaulted loans reviewed4,941,000 4,941,000  
Number of loan files that breached one or more R&W15,500 15,500  
Amount of loans to be repurchased by providers54,000,000 54,000,000  
Number of loans to be repurchased by providers167 167  
Breakdown of the development and accretion amount     
Number of transactions insured  21  
Cumulative collateral losses  1,800,000,000  
Cumulative projected collateral losses  4,900,000,000  
Gross expected losses before considering R&W recoveries from Bank of America  754,200,000  
Gross expected losses after considering R&W recoveries from Bank of America  150,800,000  
Payment reimbursed by Bank of America  34,100,000  
Prime first lien
     
Total     
For all Financial Guaranty Insurance Contracts3,000,0001,000,0003,000,0001,000,000 
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  1,100,000  
R&W Development and Accretion of Discount  1,900,0001,000,000 
Future Net R&W Benefit at the end of the period3,000,0001,000,0003,000,0001,000,000 
Number of Risks as of the end of the period with R&W Benefit Recorded1 1 1
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period54,000,000 54,000,000 57,100,000
Breakdown of the development and accretion amount     
Total  1,900,0001,000,000 
Option ARM
     
Total     
For all Financial Guaranty Insurance Contracts772,700,000248,000,000772,700,000248,000,000 
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  309,300,000203,700,000 
R&W Development and Accretion of Discount  530,900,00086,800,000 
R&W Recovered  (67,500,000)(42,500,000) 
Future Net R&W Benefit at the end of the period772,700,000248,000,000772,700,000248,000,000 
Number of Risks as of the end of the period with R&W Benefit Recorded11 11 10
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period1,768,000,000 1,768,000,000 1,909,800,000
Breakdown of the development and accretion amount     
Total  530,900,00086,800,000 
Subprime
     
Total     
For all Financial Guaranty Insurance Contracts107,700,000 107,700,000  
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  26,800,000  
R&W Development and Accretion of Discount  80,900,000  
Future Net R&W Benefit at the end of the period107,700,000 107,700,000  
Number of Risks as of the end of the period with R&W Benefit Recorded5 5 1
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period1,071,700,000 1,071,700,000 228,700,000
Breakdown of the development and accretion amount     
Total  80,900,000  
Second lien
     
Financial guarantee obligations     
Number of defaulted loan files reviewed15,800 15,800  
Outstanding par of defaulted loans reviewed1,089,000 1,089,000  
Number of loan files that breached one or more R&W15,000 15,000  
Amount of loans to be repurchased by providers39,000,000 39,000,000  
Number of loans to be repurchased by providers475 475  
Breakdown of the development and accretion amount     
Number of transactions insured  8  
Closed end second lien and HELOCs
     
Breakdown of the development and accretion amount     
Recovery period, low end of range (in years)2 2  
Recovery period, high end of range (in years)4 4  
CES
     
Total     
For all Financial Guaranty Insurance Contracts206,800,000136,000,000206,800,000136,000,000 
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  178,200,00076,500,000 
R&W Development and Accretion of Discount  37,600,00059,500,000 
R&W Recovered  (9,000,000)  
Future Net R&W Benefit at the end of the period206,800,000136,000,000206,800,000136,000,000 
Number of Risks as of the end of the period with R&W Benefit Recorded4 4 4
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period378,700,000 378,700,000 444,900,000
Breakdown of the development and accretion amount     
Total  37,600,00059,500,000 
HELOCs
     
Total     
For all Financial Guaranty Insurance Contracts268,100,000837,900,000268,100,000837,900,000 
Roll forward of Estimated Benefit from Recoveries of Representation and Warranty Breaches, Net of Reinsurance     
Future Net R&W Benefit at the beginning of the period  1,004,100,000828,700,000 
R&W Development and Accretion of Discount  167,000,00098,100,000 
R&W Recovered  (903,000,000)(88,900,000) 
Future Net R&W Benefit at the end of the period268,100,000837,900,000268,100,000837,900,000 
Number of Risks as of the end of the period with R&W Benefit Recorded15 15 13
Outstanding Principal and Interest of Policies with R&W Benefit Recorded as of the end of the period3,522,000,000 3,522,000,000 2,969,800,000
Breakdown of the development and accretion amount     
Total  $ 167,000,000$ 98,100,000