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Loss Reserves (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
USD ($)
loan
Sep. 30, 2014
USD ($)
loan
Sep. 30, 2015
USD ($)
loan
Sep. 30, 2014
USD ($)
loan
Sep. 30, 2015
USD ($)
loan
Dec. 31, 2014
USD ($)
loan
Sep. 30, 2014
loan
Loss Reserve [Roll Forward]              
Reserve at beginning of period     $ 2,396,807 $ 3,061,401      
Less reinsurance recoverable     57,841 64,085      
Net reserve at beginning of period     2,338,966 2,997,316      
Losses and LAE incurred in respect of default notices related to [Abstract]              
Current year     338,611 454,390      
Change in loss reserves [1],[2]     (90,130) (75,387)      
Subtotal     248,481 379,003      
Losses and LAE paid in respect of default notices related to [Abstract]              
Current year     9,227 11,574      
Prior years     652,465 895,061      
Reinsurance terminations [3]     (15,440) 0      
Subtotal     646,252 906,635      
Net reserve at end of period $ 1,941,195 $ 2,469,684 1,941,195 2,469,684      
Plus reinsurance recoverables 38,748 57,898 38,748 57,898      
Reserve at end of period $ 1,979,943 $ 2,527,582 1,979,943 2,527,582      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]              
Change in loss reserves [1],[2]     $ (90,130) $ (75,387)      
Premium refund liability, expected claim payments         $ 105,000 $ 115,000  
Primary Default Inventory [Roll Forward]              
Default inventory at the beginning of period | loan 66,357 85,416 79,901 103,328      
New notices | loan 19,509 22,927 55,856 67,451      
Cures | loan (17,036) (19,582) (56,700) (68,082)      
Paids (including those charged to a deductible or captive) | loan (3,958) (5,288) (12,671) (18,420)      
Rescissions and denials | loan (230) (319) (623) (1,123)      
Items removed from inventory resulting from the Countrywide settlement on GSE loans | loan 0 0 (1,121) 0      
Default inventory at end of period | loan 64,642 83,154 64,642 83,154      
Pool insurance notice inventory [Abstract]              
Pool insurance notice inventory (in number of loans) | loan         2,950   4,525
Historical average period for uncured default to develop into paid claim     12 months        
Aging of the Primary Default Inventory [Abstract]              
3 months or less | loan         13,991 15,319 16,209
3 months or less (in hundredths)         22.00% 19.00% 19.00%
4 - 11 months | loan         14,703 19,710 18,890
4 - 11 months (in hundredths)         23.00% 25.00% 23.00%
12 months or more | loan         35,948 44,872 48,055
12 months or more (in hundredths)         55.00% 56.00% 58.00%
Total primary default inventory | loan 66,357 85,416 79,901 103,328 64,642 79,901 83,154
Total primary default inventory (in hundredths)         100.00% 100.00% 100.00%
Primary claims received inventory included in ending default inventory | loan [4]         2,982 4,746 5,194
Primary claims received inventory included in ending default inventory (in hundredths) [4]         5.00% 6.00% 6.00%
Number of rescindable loans affected by Company's decision to voluntarily suspend rescissions | loan         430 1,425 1,575
Number of payments delinquent [Abstract]              
3 payments or less | loan         20,637 23,253 23,769
3 payments or less (in hundredths)         32.00% 29.00% 28.00%
4 - 11 payments | loan         14,890 19,427 18,985
4 - 11 payments (in hundredths)         23.00% 24.00% 23.00%
12 payments or more | loan         29,115 37,221 40,400
12 payments or more (in hundredths)         45.00% 47.00% 49.00%
Total primary default inventory | loan 66,357 85,416 79,901 103,328 64,642 79,901 83,154
Total primary default inventory (in hundredths)         100.00% 100.00% 100.00%
Premium refund liability, expected future rescissions         $ 7,000 $ 28,000  
Decrease in estimated claim rate on primary defaults              
Losses and LAE incurred in respect of default notices related to [Abstract]              
Change in loss reserves     $ (95,000) $ (38,000)      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]              
Change in loss reserves     $ (95,000) $ (38,000)      
Percentage of prior year default inventory resolved (in hundredths)     52.00% 50.00%      
Increase in estimated severity on primary defaults              
Losses and LAE incurred in respect of default notices related to [Abstract]              
Change in loss reserves     $ 12,000 $ (20,000)      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]              
Change in loss reserves     12,000 (20,000)      
Change in estimates related to pool reserves, LAE reserves and reinsurance              
Losses and LAE incurred in respect of default notices related to [Abstract]              
Change in loss reserves     (7,000) (17,000)      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]              
Change in loss reserves     (7,000) $ (17,000)      
Change in estimates related to disputes on claims paying practices and IBNR              
Losses and LAE incurred in respect of default notices related to [Abstract]              
Change in loss reserves     21,000        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]              
Change in loss reserves     $ 21,000        
[1] A negative number for prior year loss development indicates a redundancy of prior year loss reserves, and a positive number indicates a deficiency of prior year loss reserves.
[2] A negative number for prior year losses incurred indicates a redundancy of prior year loss reserves and a positive number for prior year losses incurred indicates a deficiency of prior year loss reserves.
[3] In a termination or commutation, the reinsurance agreement is cancelled, with no future premium ceded and funds for any incurred but unpaid losses transferred to us. The transferred funds result in an increase in our investment portfolio (including cash and cash equivalents) and a decrease in net losses paid (reduction in losses incurred). In addition, there is an offsetting decrease in the reinsurance recoverable (increase in losses incurred), and thus there is no net impact to losses incurred.
[4] Our claims received inventory includes suspended rescissions, as we have voluntarily suspended rescissions of coverage related to loans that we believed would be included in a potential resolution. As of September 30, 2015, rescissions of coverage on approximately 430 loans had been voluntarily suspended compared to 1,425 at December 31, 2014 and 1,575 at September 30, 2014.