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Expected Loss to be Paid - Narrative (Details)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Payment
Curve
scenario
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
scenario
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
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)     0.54%   1.94%      
Total net exposure $ 233,075   $ 233,075   $ 236,807      
Net expected loss to be paid after recoveries for R&W 471 $ 718 471 $ 718 $ 737 $ 735 $ 960 $ 1,183
Economic loss development after recoveries for R&W 70 25 101 (14)        
Changes in discount rates $ (2) 1 $ 30 (4)        
Additional loss recovery assumption, recovery period     5 years          
Loss recovery assumption, additional increase in recovery projection, percent 30.00%   30.00%          
Loss recovery assumption, additional increase in recovery projection, economic benefit $ 50   $ 50          
Loss recovery assumption, additional decrease in recovery projection, percent 10.00%   10.00%          
Loss recovery assumption, additional decrease in recovery projection, economic loss $ 50   $ 50          
Minimum                
Schedule of Expected Losses to be Paid [Line Items]                
Risk free discount rate     0.00%   0.00%      
Maximum                
Schedule of Expected Losses to be Paid [Line Items]                
Risk free discount rate     1.52%   2.45%      
Puerto Rico                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 4,096   $ 4,096   $ 4,270      
Non United States                
Schedule of Expected Losses to be Paid [Line Items]                
Net expected loss to be paid after recoveries for representations and warranties, percent     7.00%   3.20%      
RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 3,132   $ 3,132   $ 3,546      
Net expected loss to be paid after recoveries for R&W 137 135 137 135 146 128 162 293
Economic loss development after recoveries for R&W 1 (40) (61) (223)        
Future net R&W benefit $ 82   $ 82   53      
RMBS | U.S. | Minimum | HELOCs                
Schedule of Expected Losses to be Paid [Line Items]                
Final CPR 2.50%   2.50%          
HELOCs | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Initial period for which borrower can pay only interest payments     10 years          
Extended period for which borrow can pay only interest payments     5 years          
Other structured finance                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure $ 6,131   $ 6,131   6,515      
Net expected loss to be paid after recoveries for R&W 38 35 38 35 37 35 26 26
Economic loss development after recoveries for R&W 9 10 11 9        
Public finance                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 223,812   223,812   226,746      
Net expected loss to be paid after recoveries for R&W 296 548 296 548 554 572 772 864
Economic loss development after recoveries for R&W 60 55 151 200        
Public finance | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 172,570   172,570   175,487      
Net expected loss to be paid after recoveries for R&W 263 520 263 520 531 $ 543 $ 749 $ 832
Net expected credit for estimated future recoveries of claims paid 1,025   1,025   819      
Economic loss development after recoveries for R&W 56 50 142 204        
Public finance | Non United States                
Schedule of Expected Losses to be Paid [Line Items]                
Net expected loss to be paid after recoveries for R&W 33   33   23      
Public Finance Stockton Pension Oblgiation Bonds [Member]                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 104   104          
BIG                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 7,967   7,967   8,506      
BIG | Puerto Rico                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 4,100   4,100          
BIG | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 1,524   1,524   1,618      
BIG | Other structured finance                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 232   232   219      
BIG | Life insurance transactions                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 40   40          
BIG | Student Loan                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 73   73          
BIG | Public finance                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure 6,211   6,211   6,669      
BIG | Public finance | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Total net exposure $ 5,351   $ 5,351   5,771      
First Lien | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Liquidation rate 20.00%   20.00%          
Net expected loss to be paid after recoveries for R&W $ 121   $ 121   $ 166      
Economic loss development after recoveries for R&W $ (6) 27 $ 49 77        
Number of delinquent payments | Payment     2          
Projected loss assumptions, CDR, plateau rate, projection period     36 months          
Projected loss assumptions, Final CPR, Period for voluntary prepayments to continue     12 months          
Intermediate conditional default rate (as a percent) 5.00%   5.00%          
Number of scenarios weighted in estimating expected losses | scenario     5   5      
Changes in discount rates $ 1   $ (24)          
First Lien | Base Scenario | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Projected loss assumptions, CDR, plateau rate, projection period     36 months          
Performing or projected to reperform, 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%          
Final conditional default rate as a percentage of plateau conditional default rate     5.00%          
Projected loss assumptions, Final CPR, Period for voluntary prepayments to continue     2 years 9 months          
Default from delinquentor rate, term     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%   40.00%          
Projected loss assumptions, period to reach final loss severity rate     2 years 6 months          
Final CPR 15.00%   15.00%   15.00%      
First Lien | More Stressful Environment | RMBS | U.S.                
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     $ 44          
First Lien | Least Stressful Environment | RMBS | U.S.                
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     $ 45          
Decrease in the plateau period used to calculate potential change in loss estimate (in months)     6 months          
Second Lien | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Liquidation rate 20.00%   20.00%          
Net expected loss to be paid after recoveries for R&W $ 16   $ 16   $ 20      
Economic loss development after recoveries for R&W $ 5 13 $ 12 146        
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          
Projected loss assumptions, period of consistent conditional default rate     6 months          
Stress period (in months)     34 months          
Loss recovery assumption (as a percent) 2.00%   2.00%   2.00%      
Number of conditional default rate curves modeled in estimating losses | Curve     5          
Guarantor obligations, recoveries received $ 15   $ 48          
Monthly delinquency threshold     6 months          
Second Lien | RMBS | U.S. | Home Equity Line of Credit and Closed-end Mortgage                
Schedule of Expected Losses to be Paid [Line Items]                
Final CPR 15.00%   15.00%          
Second Lien | Base Scenario | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Stress period (in months)     34 months          
Second Lien | Most Stressful | RMBS | U.S.                
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 | Most Stressful | RMBS | U.S. | HELOCs                
Schedule of Expected Losses to be Paid [Line Items]                
Change in estimate for increased conditional default rate plateau period     $ 8          
Second Lien | Least Stressful | RMBS | U.S.                
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          
Change in estimate for decreased prepayment rate, Percent     10.00%          
Decreased conditional default rate ramp down period     25 months          
Second Lien | Least Stressful | RMBS | U.S. | HELOCs                
Schedule of Expected Losses to be Paid [Line Items]                
Change in estimate for decreased conditional default rate ramp down period     $ 9          
Second Lien | RMBS | U.S.                
Schedule of Expected Losses to be Paid [Line Items]                
Period from plateau to intermediate conditional default rate (in months)     28 months          
Period of constant conditional default rate (in months)     6 months          
Credit derivatives                
Schedule of Expected Losses to be Paid [Line Items]                
Net expected loss to be paid after recoveries for R&W $ (13)   $ (13)   $ (4)      
Economic loss development after recoveries for R&W $ 7 $ 10 $ 0 $ 7