XML 57 R83.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Variable Interest Entities (Details) (USD $)
3 Months Ended 9 Months Ended 6 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2014
Entity
Mar. 31, 2014
Entity
Sep. 30, 2013
Entity
Sep. 30, 2014
Entity
Sep. 30, 2013
Entity
Dec. 31, 2013
Entity
Jun. 30, 2013
Flagstar
Entity
Sep. 30, 2013
Flagstar
Sep. 30, 2014
Total first lien
Dec. 31, 2013
Total first lien
Sep. 30, 2014
Second lien
Dec. 31, 2013
Second lien
Sep. 30, 2014
Other VIE with recourse
Dec. 31, 2013
Other VIE with recourse
Sep. 30, 2014
Deconsolidation of variable interest entity
Sep. 30, 2014
Exercise of option to accelerate variable interest entity
Consolidated VIEs                                
Net fair value gains and losses on FG VIEs are expected to reverse to zero at maturity of the VIE debt $ 0     $ 0                        
Number of VIE that did not require consolidation 970     970   1,000                    
Consolidated Variable Interest Entities [Roll Forward]                                
Number of FG VIEs, beginning of period   40   40 33                      
Variable Interest Entity, Number of Entities to be Consolidated       1 [1] 11 [1]                      
Variable Interest Entity, Number of Entities to be Deconsolidated   (7) [1] (1) [1] (8) [1] (3) [1]   (2) [1]                  
Variable Interest Entity Number Matured       (2) (1)                      
Number of FG VIEs, end of period 31   40 31 40                      
VIE, net gain on deconsolidation       120,000,000                        
VIE, net loss on consolidation and deconsolidation         7,000,000                      
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]                                
Number of days VIEs' assets were past due (in days)       90 days                        
Total unpaid principal balance for the VIEs' assets that were over 90 days or more past due 188,000,000     188,000,000   750,000,000                    
Difference between the aggregate unpaid principal and aggregate fair value of the VIEs' Assets 847,000,000     847,000,000   1,940,000,000                    
Change in the instrument specific credit risk of the VIEs' assets 86,000,000   83,000,000 140,000,000 252,000,000                      
Unpaid principle for FG VIE liabilities with recourse 1,743,000,000     1,743,000,000   2,316,000,000                    
Difference between the aggregate unpaid principal and aggregate fair value of the VIEs' liabilities 673,000,000     673,000,000   1,611,000,000                    
Assets 1,296,000,000     1,296,000,000   2,565,000,000     519,000,000 630,000,000 249,000,000 460,000,000 373,000,000 359,000,000    
Total with recourse , Assets 1,141,000,000     1,141,000,000   1,449,000,000                    
Without recourse, Assets 155,000,000     155,000,000   1,116,000,000                    
Liabilities 1,459,000,000     1,459,000,000   2,871,000,000     600,000,000 791,000,000 353,000,000 640,000,000 373,000,000 359,000,000    
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 1,326,000,000     1,326,000,000   1,790,000,000                    
Financial guaranty variable interest entities’ liabilities without recourse, at fair value 133,000,000     133,000,000   1,081,000,000                    
Net change in fair value of financial guaranty variable interest entities:                                
Net earned premiums (5,000,000)   (14,000,000) (27,000,000) (47,000,000)                      
Net investment income (2,000,000)   (3,000,000) (8,000,000) (10,000,000)                      
Net realized investment gains (losses) 0   0 (5,000,000) 2,000,000                      
Fair value gains (losses) on FG VIEs 50,000,000   40,000,000 232,000,000 253,000,000     213,000,000             120,000,000 37,000,000
Other income 0   0 (2,000,000) 0                      
Loss and LAE 14,000,000   11,000,000 21,000,000 26,000,000                      
Effect on net income before tax provision 57,000,000   34,000,000 211,000,000 224,000,000                      
Less: tax provision (benefit) 20,000,000   12,000,000 74,000,000 78,000,000                      
Effect on net income (loss) 37,000,000   22,000,000 137,000,000 146,000,000                      
Effect on cash flows from operating activities 18,000,000   (2,000,000) 57,000,000 (143,000,000)                      
Effect on shareholders’ equity (decrease) increase $ (53,000,000)     $ (53,000,000)   $ (172,000,000)                    
[1] Net gain on deconsolidation was $120 million in Nine Months 2014, and a net loss on consolidation and deconsolidation was $7 million in Nine Months 2013, and recorded in “fair value gains (losses) on FG VIEs” in the consolidated statement of operations.