XML 156 R86.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Expected Loss to be Paid - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
Curve
Payment
Dec. 31, 2018
USD ($)
scenario
Dec. 31, 2017
USD ($)
Nov. 26, 2012
USD ($)
Schedule of Expected Losses to be Paid [Line Items]        
Period of insured credit performance of guaranteed obligations (in some cases over) 30 years      
Discount factor (as a percent) 1.94% 2.74%    
Net Par Outstanding, Total $ 236,807 $ 241,802    
Liability for unpaid claims and claims adjustment expense, net largest single loss 737 1,183 $ 1,303  
Net expected loss to be paid   131    
Total economic loss development (benefit) $ (1) $ (5)    
Liquidation rate review period 12 months      
Loss Recovery Assumption of Charged-Off Loans, Estimated Future Recoveries, Percent 20.00% 10.00%    
Additional Loss Recovery Assumption, Recovery Period 5 years      
Loss Recovery Assumption, Additional Increase in Recovery Projection, Percent 30.00%      
Loss Recovery Assumption, Additional Increase in Recovery Projection, Economic Benefit $ 57      
Loss Recovery Assumption, Additional Decrease in Recovery Projection, Percent 10.00%      
Loss Recovery Assumption, Additional Decrease in Recovery Projection, Economic Loss $ 57      
Minimum [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Risk free discount rate 0.00% 0.00%    
Maximum [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Risk free discount rate 2.45% 3.06%    
United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total $ 184,787      
Puerto Rico [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total $ 4,270 $ 4,767    
Non United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Percent of total non-U.S. net expected losses to paid 3.20% 2.70%    
Net Par Outstanding, Total $ 52,020      
Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 3,546 $ 4,270    
Liability for unpaid claims and claims adjustment expense, net largest single loss 146 293 73  
Net expected loss to be paid   130    
Total economic loss development (benefit) $ (234) (69)    
Maximum number of payments behind to be considered performing borrower | Payment 1      
Expected future recoverable (payable) for breached representations and warranties $ 53 (5)    
Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member] | Minimum [Member] | Home equity lines of credit (HELOCs) [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Final CPR 2.50%      
Home equity lines of credit (HELOCs) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Initial period for which borrower can pay only interest payments 10 years      
Loan Modification, Extended Period for Which Borrower Can Pay Only Interest Payments 5 years      
Public Finance [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total $ 226,746 230,665    
Liability for unpaid claims and claims adjustment expense, net largest single loss 554 864 1,203  
Net expected loss to be paid   1    
Total economic loss development (benefit) 215 56    
Public Finance [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 175,487 186,562    
Liability for unpaid claims and claims adjustment expense, net largest single loss 531 832 1,157  
Net expected credit for estimated future recoveries of claims paid 819 586    
Net expected loss to be paid   0    
Total economic loss development (benefit) 224 70    
Public Finance [Member] | Puerto Rico [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 4,270      
Total economic loss development (benefit) 224      
Public Finance [Member] | Non United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 51,259 44,103    
Liability for unpaid claims and claims adjustment expense, net largest single loss 23 32 46  
Net expected loss to be paid   1    
Total economic loss development (benefit) (9) (14)    
Public Finance [Member] | Non United States [Member] | Sovereign and Sub Sovereign [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 11,341 6,094    
Public Finance Stockton General Fund [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 107      
Other structured finance [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 4,744 5,683    
Liability for unpaid claims and claims adjustment expense, net largest single loss 37 26 $ 27  
Net expected loss to be paid   0    
Total economic loss development (benefit) 18 8    
BIG [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 8,506 10,160    
BIG [Member] | Puerto Rico [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 4,300      
BIG [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 1,618 2,387    
BIG [Member] | Triple-X Life Insurance Transaction [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 40      
BIG [Member] | Life Insurance Transactions [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total   85    
BIG [Member] | Student Loan [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 84      
BIG [Member] | Public Finance [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 6,669 7,429    
BIG [Member] | Public Finance [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 5,771 6,388    
BIG [Member] | Public Finance [Member] | Non United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total 898 1,041    
BIG [Member] | Other structured finance [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total $ 179 259    
First Lien [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Guarantor Obligations, Projected Loss Assumption, Final Conditional Prepayment Rates, Final Rate, Term 12 months      
Liability for unpaid claims and claims adjustment expense, net largest single loss $ 166 243    
Total economic loss development (benefit) $ (77) $ 16    
Number of delinquent payments | Payment 2      
Projected loss assumptions, CDR, plateau rate, projection period 36 months      
Intermediate conditional default rate (as a percent) 5.00%      
Projected loss assumptions, number of scenarios considered | scenario   5    
First Lien [Member] | Base Scenario [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Projected loss assumptions, CDR, plateau rate, projection period 36 months      
Period from plateau to intermediate conditional default rate (in months) 12 months      
Intermediate conditional default rate as a percentage of plateau conditional default rate 20.00%      
Period of constant intermediate conditional default rate (in months) 36 months      
Final conditional default rate as a percentage of plateau conditional default rate 5.00%      
Projected loss assumptions, Final CDR, Period for voluntary prepayments to continue 3 years 6 months      
Period for which estimated defaults are attributed to loans currently delinquent or in foreclosure 36 months      
Projected loss assumptions, loss severity, subsequent period 18 months      
Estimated loss severity rate, one through six months (as a percent) 18 months      
Loss severity (as a percent) 40.00%      
Projected loss assumptions, period to reach final loss severity rate 2 years 6 months      
First Lien [Member] | More Stressful Environment [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Period from plateau to intermediate conditional default rate (in months) 15 months      
Projected loss assumptions, period to reach final loss severity rate 9 years      
Projected loss assumptions, increase (decrease) in expected loss to be paid, net $ 43      
First Lien [Member] | Least Stressful Environment [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Projected loss assumptions, CDR, plateau rate, projection period 30 months      
Period from plateau to intermediate conditional default rate (in months) 9 months      
Projected loss assumptions, increase (decrease) in expected loss to be paid, net $ 38      
Decrease in the plateau period used to calculate potential change in loss estimate (in months) 6 months      
Second Lien [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Liability for unpaid claims and claims adjustment expense, net largest single loss $ 20 $ 50    
Total economic loss development (benefit) $ (157) $ (85)    
Period from plateau to intermediate conditional default rate (in months) 28 months      
Period of loan default estimate 6 months      
Number of preceding months average liquidation rates used to estimate loan default rate 6 months      
Monthly delinquency, threshold period 6 months      
Period of consistent CDR 6 months      
Stress period (in months) 34 months      
Loss recovery assumption   2.00%    
Final CPR   15.00%    
Number of conditional default rate curves modeled in estimating losses | Curve 5      
Second Lien [Member] | Base Scenario [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Period from plateau to intermediate conditional default rate (in months) 28 months      
Current conditional prepayment rate used in alternate scenario for loss estimate (as a percent) 15.00%      
Stress period (in months) 34 months      
Period of constant conditional default rate (in months) 6 months      
Second Lien [Member] | Base Scenario One [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Projected loss assumptions, CDR, plateau rate, projection period 8 months      
Period from plateau to intermediate conditional default rate (in months) 31 months      
Stress period (in months) 39 months      
Increase in conditional default rate ramp down period 3 months      
Second Lien [Member] | Base Scenario One [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member] | Home equity lines of credit (HELOCs) [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Change in estimate for increased conditional default rate plateau period $ 6      
Second Lien [Member] | Based Scenario Two [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Stress period (in months) 29 months      
Period of constant conditional default rate (in months) 4 months      
Ultimate prepayment rate 10.00%      
Decreased conditional default rate ramp down period 25 months      
Second Lien [Member] | Based Scenario Two [Member] | Residential Mortgage-Backed Securities (RMBS) [Member] | United States [Member] | Home equity lines of credit (HELOCs) [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Change in estimate for decreased conditional default rate ramp down period $ 7      
Financial Guarantee Accounted for as Credit Derivatives [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Liability for unpaid claims and claims adjustment expense, net largest single loss (4) $ (2)    
Total economic loss development (benefit) $ 14 17    
Southern District of Mississippi Vs Madison County, Mississippi [Member] | Parkway East [Member] | Public Finance [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Net Par Outstanding, Total   $ 18    
ACA 2005-2 Collateralized Debt Obligations [Member] | Credit Default Swap [Member] | CIFG Holding Inc. [Member] | CIFG Holdings Inc. vs JP Morgan Securities LLC [Member] | Financial Guarantee Accounted for as Credit Derivatives [Member] | Residential Mortgage-Backed Securities (RMBS) [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Liability for unpaid claims and claims adjustment expense, net largest single loss       $ 400
Libertas II Collateralized Debt Obligations [Member] | Credit Default Swap [Member] | CIFG Holding Inc. [Member] | CIFG Holdings Inc. vs JP Morgan Securities LLC [Member] | Financial Guarantee Accounted for as Credit Derivatives [Member] | Residential Mortgage-Backed Securities (RMBS) [Member]        
Schedule of Expected Losses to be Paid [Line Items]        
Liability for unpaid claims and claims adjustment expense, net largest single loss       $ 325