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Expected Loss to be Paid - Net Expected Loss to be Paid After Net Expected Recoveries for Breaches of R&W Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W $ 1,510 $ 1,035 $ 1,169 [1] $ 982  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     190    
Economic loss development after recoveries for R&W (3) (63) 186 (28)  
Accretion of discount 10   24    
Changes in discount rates 11   (29)    
Changes in timing and assumptions (24)   191    
(Paid) Recovered Losses After Recoveries for R&W [2] (200) (39) (238) (21)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 1,307 [1] 933 $ 1,307 [1] 933  
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days)     45 days    
Loss and LAE Reserve paid 7 6 $ 16 20  
Expected LAE to be paid 13   13   $ 16
Subtotal [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W     1,169    
Economic loss development after recoveries for R&W (3) (63) 186 (28)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 1,307   1,307    
Public Finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 657 391 348 [1] 321  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     85    
Economic loss development after recoveries for R&W 91 1 321 101  
(Paid) Recovered Losses After Recoveries for R&W [2] (18) (8) (24) (38)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 730 [1] 384 730 [1] 384  
Public Finance [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 613 339 303 [1] 264  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     81    
Economic loss development after recoveries for R&W 92 2 327 107  
(Paid) Recovered Losses After Recoveries for R&W [2] (18) (8) (24) (38)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 687 [1] 333 687 [1] 333  
Public Finance [Member] | Non United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 44 52 45 [1] 57  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     4    
Economic loss development after recoveries for R&W (1) (1) (6) (6)  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 0 0 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 43 [1] 51 43 [1] 51  
RMBS [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 524 476 584 [1] 493  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     4    
Economic loss development after recoveries for R&W (76) (62) (104) (131)  
(Paid) Recovered Losses After Recoveries for R&W [2] (113) (33) (149) 19  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 335 [1] 381 335 [1] 381  
RMBS [Member] | First Lien [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 521 602 595 [1] 620  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     3    
Economic loss development after recoveries for R&W (89) (30) (117) (68)  
(Paid) Recovered Losses After Recoveries for R&W [2] (123) (38) (172) (18)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 309 [1] 534 309 [1] 534  
RMBS [Member] | First Lien [Member] | Prime [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 1 11 4 [1] 21  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W 0 (1) (1) (11)  
(Paid) Recovered Losses After Recoveries for R&W [2] (1) 0 (3) 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 0 [1] 10 0 [1] 10  
RMBS [Member] | First Lien [Member] | Alt-A [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 265 301 304 [1] 304  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     7    
Economic loss development after recoveries for R&W (111) (18) (132) (6)  
(Paid) Recovered Losses After Recoveries for R&W [2] (108) (35) (133) (50)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 46 [1] 248 46 [1] 248  
RMBS [Member] | First Lien [Member] | Option ARM [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (18) (51) (16) [1] (9)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W (4) 0 (3) (39)  
(Paid) Recovered Losses After Recoveries for R&W [2] 6 20 3 17  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (16) [1] (31) (16) [1] (31)  
RMBS [Member] | First Lien [Member] | Subprime [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 273 341 303 [1] 304  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     (4)    
Economic loss development after recoveries for R&W 26 (11) 19 (12)  
(Paid) Recovered Losses After Recoveries for R&W [2] (20) (23) (39) 15  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 279 [1] 307 279 [1] 307  
RMBS [Member] | Second Lien [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 3 (126) (11) [1] (127)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     1    
Economic loss development after recoveries for R&W 13 (32) 13 (63)  
(Paid) Recovered Losses After Recoveries for R&W [2] 10 5 23 37  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 26 [1] (153) 26 [1] (153)  
RMBS [Member] | Second Lien [Member] | Closed-end [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 9 (9) 8 [1] (11)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W 0 2 (2) 2  
(Paid) Recovered Losses After Recoveries for R&W [2] 2 2 5 4  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 11 [1] (5) 11 [1] (5)  
RMBS [Member] | Second Lien [Member] | HELOCs [Member] | United States [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (6) (117) (19) [1] (116)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     1    
Economic loss development after recoveries for R&W 13 (34) 15 (65)  
(Paid) Recovered Losses After Recoveries for R&W [2] 8 3 18 33  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 15 [1] (148) 15 [1] (148)  
Triple-X Life Insurance Transaction [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 165 90 161 [1] 75  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W 1 3 8 21  
(Paid) Recovered Losses After Recoveries for R&W [2] (68) (1) (71) (4)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 98 [1] 92 98 [1] 92  
Trust Preferred Securities (TruPS) [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 10 32 23 [1] 51  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W (5) (5) (18) (24) [3]  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 (1) 0 (1)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 5 [1] 26 5 [1] 26  
Student Loan [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 58 58 68 [1] 52  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     0    
Economic loss development after recoveries for R&W (2) 6 (7) 12 [3]  
(Paid) Recovered Losses After Recoveries for R&W [2] 0 0 (5) 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 56 [1] 64 56 [1] 64  
Other structured finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 96 (12) (15) [1] (10)  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     101    
Economic loss development after recoveries for R&W (12) (6) (14) (7)  
(Paid) Recovered Losses After Recoveries for R&W [2] (1) 4 11 3  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 83 [1] (14) 83 [1] (14)  
Structured Finance [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 853 644 821 [1] 661  
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015     105    
Economic loss development after recoveries for R&W (94) (64) (135) (129)  
(Paid) Recovered Losses After Recoveries for R&W [2] (182) (31) (214) 17  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 577 [1] $ 549 577 [1] $ 549  
Radian [Member]          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015 $ 0   $ 190    
[1] Includes expected LAE to be paid of $13 million as of September 30, 2015 and $16 million as of December 31, 2014.
[2] Net of ceded paid losses, whether or not such amounts have been settled with reinsurers. Ceded paid losses are typically settled 45 days after the end of the reporting period. Such amounts are recorded in reinsurance recoverable on paid losses included in other assets. The Company paid $7 million and $6 million in LAE for Third Quarter 2015 and 2014, respectively, and $16 million and $20 million in LAE for Nine Months 2015 and 2014, respectively.
[3] Refer to Note 9, Financial Guaranty Contracts Accounted for as Credit Derivatives.