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Expected Losses to be Paid (Details 7) (USD $)
6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2013
risk
Dec. 31, 2012
risk
Jun. 30, 2013
Prime first lien
risk
Jun. 30, 2012
Prime first lien
Jun. 30, 2013
Prime first lien
risk
Jun. 30, 2012
Prime first lien
Dec. 31, 2012
Prime first lien
risk
Jun. 30, 2013
Alt-A first lien
risk
Jun. 30, 2012
Alt-A first lien
Jun. 30, 2013
Alt-A first lien
risk
Jun. 30, 2012
Alt-A first lien
Dec. 31, 2012
Alt-A first lien
risk
Jun. 30, 2013
First mortgage, option adjustable rate mortgage
risk
Jun. 30, 2012
First mortgage, option adjustable rate mortgage
Jun. 30, 2013
First mortgage, option adjustable rate mortgage
risk
Jun. 30, 2012
First mortgage, option adjustable rate mortgage
Dec. 31, 2012
First mortgage, option adjustable rate mortgage
risk
Jun. 30, 2013
First mortgage, subprime
risk
Jun. 30, 2012
First mortgage, subprime
Jun. 30, 2013
First mortgage, subprime
risk
Jun. 30, 2012
First mortgage, subprime
Dec. 31, 2012
First mortgage, subprime
risk
Jun. 30, 2013
Closed end second lien and HELOCs
risk
Jun. 30, 2012
Closed end second lien and HELOCs
Jun. 30, 2013
Closed end second lien and HELOCs
risk
Jun. 30, 2012
Closed end second lien and HELOCs
Dec. 31, 2012
Closed end second lien and HELOCs
risk
Jun. 30, 2013
HELOCs
risk
Jun. 30, 2012
HELOCs
Jun. 30, 2013
HELOCs
risk
Jun. 30, 2012
HELOCs
Dec. 31, 2012
HELOCs
risk
Jun. 30, 2013
RMBS
loan_file
Jun. 30, 2013
Second lien
Jun. 30, 2012
Second lien
Jun. 30, 2013
Second lien
Jun. 30, 2012
Second lien
Jun. 30, 2013
Total first lien
Jun. 30, 2012
Total first lien
Jun. 30, 2013
Total first lien
Jun. 30, 2012
Total first lien
Jun. 30, 2013
Bank of America Agreement
Apr. 14, 2011
Bank of America Agreement
Jun. 30, 2013
Bank of America Agreement
Second lien
Jun. 30, 2013
Bank of America Agreement
Total first lien
Jun. 30, 2013
Deutsche Bank Agreement
May 08, 2012
Deutsche Bank Agreement
Transaction
May 08, 2012
Deutsche Bank Agreement
Covered Transactions
May 08, 2012
Deutsche Bank Agreement
Uninsured tranches of covered transactions
Jun. 30, 2013
UBS
May 06, 2013
UBS
Jun. 30, 2013
Other
Jun. 30, 2013
Minimum
Jun. 30, 2013
Maximum
Jun. 30, 2013
Maximum
Deutsche Bank Agreement
Uninsured tranches of covered transactions
Jun. 30, 2013
Flagstar
Guarantor Obligations [Line Items]                                                                                                                
Amount of Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty $ 3,500,000,000                                                                                                              
Cash Amount Already Received for Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty 2,300,000,000                                                                                                              
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates Under Agreements 600,000,000                                                                                                              
Amount of Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty, Repurchase Amounts Prior to Settlement                                                                 600,000,000 [1]                                              
Financial Guaranty Insurance Contracts Principal Amount 6,593,000,000                                                                                     1,621,000,000 1,246,000,000 2,162,000,000       979,000,000 [2]   585,000,000        
Cash Amount Already Received for Liabilities Agreed Paid by Entities Providing R and Ws for Transactions Company Provided a Financial Guaranty 2,066,000,000                                                                                     968,000,000 406,000,000 173,000,000       347,000,000 [2]   172,000,000        
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates Under Agreements, Net of Reinsurance 614,000,000                                                                                       263,000,000 139,000,000       93,000,000 [2]   119,000,000        
Assets held under trust for reimbursement payment 1,163,000,000                                                                                       665,000,000 271,000,000       227,000,000 [2],[3]            
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates in Pursuit 350,000,000                                                                                                              
Estimated Period of Recoveries on Transactions Backed by Heloc and Closed End Second Lien Loans Not Subject to settlement Agreements                                                                                                         2 years 4 years    
R&W recovered during period 614,000,000   0 [4] 0 [4] 0 [5] 0 [5]   9,000,000 [4] 63,000,000 [4] 17,000,000 [5] 64,000,000 [5]   410,000,000 [4] 58,000,000 [4] 464,000,000 [5] 76,000,000 [5]   0 [4] 0 [4] 0 [5] 0 [5]   3,000,000 [4] 85,000,000 [4] 24,000,000 [5] 85,000,000 [5]   103,000,000 [4] 17,000,000 [4] 109,000,000 [5] 68,000,000 [5]     106,000,000 [4] 102,000,000 [4] 133,000,000 [5] 153,000,000 [5] 419,000,000 [4] 121,000,000 [4] 481,000,000 [5] 140,000,000 [5]                              
Estimated Benefit From Loan Repurchases Related to Breaches of R and W Included in Net Expected Loss Estimates 964,000,000                                                                                                              
Loss Sharing Percentage                                                                                     80.00%               85.00%          
Financial Guaranty Insurance Contracts Principal Amount Already Covered Under Agreements But Company Projects Receivinb Additional Amounts 1,607,000,000                                                                                                              
Financial Guaranty Insurance Contracts Principal Amount Not Covered Under Agreements 2,108,000,000                                                                                                              
Proceeds from legal settlements                                                                                                               105,000,000
Maximum Loss Up To Which Loss Sharing Percentage Applicable                                                                                     6,600,000,000                          
Collateral Losses                                                                                   3,500,000,000                            
Estimated Cumulative Collateral Losses                                                                                   5,100,000,000                            
Loss sharing percentage, first layer                                                                                               80.00%                
Maximum aggregate collateral losses up to which first layer of loss sharing will be applicatble                                                                                               319,000,000 141,000,000              
Number of Transactions Settled Through Litigation                                                                                             3                  
Loss sharing percentage, second layer                                                                                                 60.00%              
Minimum losses at which second later of loss sharing percentage becomes applicable                                                                                                 161,000,000              
Minimum losses at which third layer of loss sharing percentage becomes applicable                                                                                                 185,000,000              
Loss sharing percentage, third layer                                                                                                 100.00%              
Maximum aggregate collateral losses up to which third layer of loss sharing will be applicable                                                                                                 248,000,000              
Losses Incurred by the Company                                                                                                             146,000,000  
Number of Defaulted Loan Files Reviewed with Breached Representations and Warranties                                                                 23,500                                              
Aggregate Loan Amount of Defaulted Loan Files Reviewed with Breached Representations and Warranties                                                                 6,500,000,000                                              
Number of Risks as of the end of the period with R&W Benefit Recorded (in policies) 56 [6] 53 [6] 1 [6]   1 [6]   1 [6] 28 [6]   28 [6]   26 [6] 10 [6]   10 [6]   10 [6] 5 [6]   5 [6]   5 [6] 4 [6]   4 [6]   4 [6] 8 [6]   8 [6]   7 [6]                                                
Outstanding Principal and Interest on Representations and Warranties Policies $ 6,610,000,000 $ 7,198,000,000 $ 40,000,000   $ 40,000,000   $ 44,000,000 $ 3,904,000,000   $ 3,904,000,000   $ 4,173,000,000 $ 915,000,000   $ 915,000,000   $ 1,183,000,000 $ 965,000,000   $ 965,000,000   $ 989,000,000 $ 175,000,000   $ 175,000,000   $ 260,000,000 $ 611,000,000   $ 611,000,000   $ 549,000,000                                                
[1] These amounts were paid into the relevant RMBS transactions prior to settlement and distributed in accordance with the priority of payments set out in the relevant transaction documents. Because the Company may insure only a portion of the capital structure of a transaction, such payments will not necessarily directly benefit the Company dollar-for-dollar, especially in first lien transactions.
[2] This table relates only to past and projected future recoveries under R&W and related agreements. Excluded is the $350 million of future net recoveries the Company projects receiving from R&W counterparties in transactions with $2,108 million of net par outstanding as of June 30, 2013 not covered by current agreements and $1,607 million of net par already covered by agreements but for which the Company projects receiving additional amounts.
[3] Eligible assets were first placed in trust in July 2013 so that amount is shown here.
[4] Gross amounts recovered were $543 million and $234 million for Second Quarter 2013 and 2012, respectively.
[5] Gross amounts recovered were $635 million and $311 million for Six Months 2013 and 2012, respectively.
[6] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making Debt Service payments. This table shows the full future Debt Service (not just the amount of Debt Service expected to be reimbursed) for risks with projected future R&W benefit, whether pursuant to an agreement or not.