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Loss Reserves (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
loan
Mar. 31, 2015
USD ($)
loan
Dec. 31, 2015
USD ($)
loan
Mar. 31, 2016
USD ($)
loan
Dec. 31, 2015
USD ($)
loan
Mar. 31, 2015
loan
Loss Reserve [Roll Forward]            
Reserve at beginning of period $ 1,893,402 $ 2,396,807 $ 2,396,807      
Less reinsurance recoverable 44,487 57,841 57,841      
Net reserve at beginning of period 1,848,915 2,338,966 2,338,966      
Losses and LAE incurred in respect of defaults related to [Abstract]            
Current year 92,479 109,381        
Prior years [1] (7,467) (27,596)        
Subtotal 85,012 81,785        
Losses and LAE paid in respect of defaults related to [Abstract]            
Current year 204 312        
Prior years 221,457 231,230        
Reinsurance terminations [2] (4) 0        
Subtotal 221,657 231,542        
Net reserve at end of period 1,712,270 2,189,209 1,848,915      
Plus reinsurance recoverables 41,119 55,415 44,487      
Reserve at end of period 1,753,389 2,244,624 $ 1,893,402      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years [1] (7,467) (27,596)        
Prior years $ 221,457 $ 231,230        
Premium refund liability, expected claim payments       $ 99,000 $ 102,000  
Primary Default Inventory [Roll Forward]            
Default inventory at the beginning of period | loan 62,633 79,901 79,901      
New notices | loan 16,731 18,896        
Cures | loan (19,053) (21,767)        
Paids (including those charged to a deductible or captive) | loan (3,373) (4,573)        
Rescissions and denials | loan (210) (221)        
Items removed from inventory resulting from settlements (1) | loan [3] (1,138) 0        
Default inventory at end of period | loan 55,590 72,236 62,633      
Loans whose insurance was terminated by agreement to settle coverage | loan 732          
Number of loans with previously suspended rescissions included in rescission settlement agreement | loan 406          
Pool insurance notice inventory [Abstract]            
Historical average period for uncured default to develop into paid claim 12 months          
Percent of default inventory in default for more than 36 months 49.00% 53.00% 50.00%      
Pool insurance notice inventory (in number of loans) | loan       2,247 2,739 3,350
Aging of the Primary Default Inventory [Abstract]            
3 months or less | loan       10,120 13,053 11,604
3 months or less (in hundredths)       18.00% 21.00% 16.00%
4 - 11 months | loan       15,319 15,763 18,940
4 - 11 months (in hundredths)       28.00% 25.00% 26.00%
12 months or more | loan [4]       30,151 33,817 41,692
12 months or more (in hundredths) [4]       54.00% 54.00% 58.00%
Total primary default inventory | loan 62,633 79,901 79,901 55,590 62,633 72,236
Total primary default inventory (in hundredths)       100.00% 100.00% 100.00%
Primary claims received inventory included in ending default inventory | loan       2,267 2,769 4,448
Primary claims received inventory included in ending default inventory (in hundredths)       4.00% 4.00% 6.00%
Number of payments delinquent [Abstract]            
3 payments or less | loan       16,864 20,360 19,159
3 payments or less (in hundredths)       30.00% 33.00% 27.00%
4 - 11 payments | loan       14,595 15,092 18,372
4 - 11 payments (in hundredths)       26.00% 24.00% 25.00%
12 payments or more | loan       24,131 27,181 34,705
12 payments or more (in hundredths)       44.00% 43.00% 48.00%
Total primary default inventory | loan 62,633 79,901 79,901 55,590 62,633 72,236
Total primary default inventory (in hundredths)       100.00% 100.00% 100.00%
Premium refund liability, expected future rescissions       $ 5,000 $ 7,000  
Decrease in estimated claim rate on primary defaults            
Losses and LAE incurred in respect of defaults related to [Abstract]            
Prior years $ (26,000) $ (39,000)        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years $ (26,000) $ (39,000)        
Percentage of prior year default inventory resolved (in hundredths) 28.00% 24.00%        
Increase in estimated severity on primary defaults            
Losses and LAE incurred in respect of defaults related to [Abstract]            
Prior years $ 22,000 $ 17,000        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years 22,000 17,000        
Change in estimates related to pool reserves, LAE reserves and reinsurance            
Losses and LAE incurred in respect of defaults related to [Abstract]            
Prior years (3,000) (6,000)        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years (3,000) (6,000)        
Change in estimates related to disputes on claims paying practices and IBNR            
Losses and LAE incurred in respect of defaults related to [Abstract]            
Prior years   20,000        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years   $ 20,000        
Settlements For Claims Paying Practices And Nonperforming Loan Sale            
Losses and LAE paid in respect of defaults related to [Abstract]            
Prior years 47,000          
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]            
Prior years $ 47,000          
[1] A negative number for prior year losses incurred indicates a redundancy of prior year loss reserves.
[2] 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.
[3] Includes 732 loans whose insurance was terminated by agreement to settle coverage on certain non-performing loans, and 406 loans for which we had previously suspended rescissions and that were included in a rescission settlement agreement. Both agreements became effective in the first quarter of 2016 and neither had a material financial impact in the quarter.
[4] Approximately 49%, 50%, and 53% of the primary default inventory in default for 12 consecutive months or more has been in default for at least 36 consecutive months as of March 31, 2016, December 31, 2015, and March 31, 2015, respectively.