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Expected Losses to be Paid - Breaches of Representations and Warranties (Details) (USD $)
9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2014
Total first lien
Sep. 30, 2013
Total first lien
Sep. 30, 2014
Total first lien
Sep. 30, 2013
Total first lien
Sep. 30, 2014
RMBS
Sep. 30, 2014
Second lien
Sep. 30, 2013
Second lien
Sep. 30, 2014
Second lien
Sep. 30, 2013
Second lien
Sep. 30, 2014
Bank of America Agreement
Sep. 30, 2014
Bank of America Agreement
Total first lien
Sep. 30, 2014
Bank of America Agreement
Second lien
Sep. 30, 2014
Deutsche Bank Agreement
Sep. 30, 2014
UBS
May 06, 2013
UBS
Sep. 30, 2014
Other
Sep. 30, 2014
Covered Transactions
Deutsche Bank Agreement
Transaction
Sep. 12, 2014
Covered Transactions
Deutsche Bank Agreement
Transaction
Oct. 10, 2013
Covered Transactions
Deutsche Bank Agreement
Transaction
Oct. 07, 2014
Subsequent event
Covered Transactions
Deutsche Bank Agreement
Transaction
Oct. 07, 2014
Subsequent event
External credit rating, non investment grade
Covered Transactions
Deutsche Bank Agreement
Transaction
Guarantor Obligations [Line Items]                                              
Agreement amounts projected to be received in the future $ 296,000,000                                            
Repurchase amounts paid into the relevant RMBS prior to settlement             579,000,000 [1]                                
Total R&W receipts and losses avoided, gross of reinsurance 3,829,000,000                                            
Estimated benefit from loan repurchases related to breaches of R and W included in net expected loss estimates 578,000,000                                            
R&W recovered during period 284,000,000   163,000,000 96,000,000 272,000,000 577,000,000   3,000,000 59,000,000 22,000,000 192,000,000                        
Estimated benefit from loan repurchases related to breaches of R and W included in net expected loss estimates in pursuit 294,000,000                                            
Current Net Par Covered 5,229,000,000                       963,000,000 1,250,000,000 1,226,000,000 579,000,000   1,211,000,000          
Receipts to September 30, 2014 (net of reinsurance) 2,662,000,000                       511,000,000 968,000,000 249,000,000 433,000,000   501,000,000          
Estimated Future Receipts (net of reinsurance) 284,000,000                       163,000,000   73,000,000 8,000,000   40,000,000          
Eligible Assets Held in Trust (gross of reinsurance) 826,000,000                       581,000,000   135,000,000 110,000,000              
Financial guaranty insurance contracts principal amount not covered under agreements 873,000,000                                            
Loss sharing, percentage                       80.00%         85.00%            
Maximum loss up to which loss sharing, percentage applicable                       6,600,000,000                      
Collateral losses                       4,000,000,000                      
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 applicable                                     319,000,000        
Maximum loss up to which second layer of loss sharing, percentage applicable                                     600,000,000        
Number of transactions terminated                                       1 1 2 1
Number of transactions insured                                     8        
Net par amount outstanding 418,015,000,000 459,107,000,000                                          
Loss sharing percentage, second layer                                     85.00%        
Minimum losses at which second later of loss sharing percentage becomes applicable                                     389,000,000        
Benefits already received $ 2,954,000,000 [2]                                            
[1] These amounts were paid into the relevant RMBS transactions (rather than to the Company as in most settlements) 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] Includes amounts already received plus projected losses avoided based on base case projections at the time of the termination, net of any payments made in connection with the termination.