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Loss reserves (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Loss Reserve [Roll Forward]      
Reserve at beginning of period $ 5,884,171,000 $ 6,704,990,000 $ 4,775,552,000
Less reinsurance recoverable 275,290,000 332,227,000 232,988,000
Net reserve at beginning of year 5,608,881,000 [1],[2] 6,372,763,000 [1],[2] 4,542,564,000 [1]
Adjustment to reserves 0 [3] (92,000,000) [3] 0 [3]
Adjusted beginning reserves 5,608,881,000 6,280,763,000 4,542,564,000
Losses and LAE incurred in respect of default notices received in [Abstract]      
Current year 1,814,035,000 1,874,449,000 2,912,679,000
Prior years (99,328,000) [4] (266,908,000) [4] 466,765,000 [4]
Subtotal 1,714,707,000 [5] 1,607,541,000 [5] 3,379,444,000 [5]
Losses and LAE paid in respect of default notices received in [Abstract]      
Current year 121,383,000 60,897,000 62,491,000
Prior years 2,838,069,000 2,256,206,000 1,605,668,000
Reinsurance terminations (38,769,000) [6] (37,680,000) [6] (118,914,000) [6]
Subtotal 2,920,683,000 [7] 2,279,423,000 [7] 1,549,245,000 [7]
Net reserve at end of period 4,402,905,000 [2] 5,608,881,000 [1],[2] 6,372,763,000 [1],[2]
Plus reinsurance recoverables 154,607,000 275,290,000 332,227,000
Reserve at end of period 4,557,512,000 5,884,171,000 6,704,990,000
Losses incurred [Abstract]      
Number of new default notices received, net of cures 86,592 108,701 161,081
Losses paid [Abstract]      
Historical average period for uncured default to develop into paid claim (in months)   12M  
Premium refund liability, expected claim payments 114,000,000 113,000,000  
Premium refund liability, expected future rescissions 58,000,000 101,000,000  
Aging of the Primary Default Inventory [Abstract]      
3 months or less 31,456 37,640 48,252
3 months or less (in hundredths) 18.00% 18.00% 19.00%
4 - 11 months 46,352 58,701 98,210
4 - 11 months (in hundredths) 26.00% 27.00% 39.00%
12 months or more 97,831 118,383 103,978
12 months or more (in hundredths) 56.00% 55.00% 42.00%
Total primary default inventory 175,639 214,724 250,440
Total primary default inventory (in hundredths) 100.00% 100.00% 100.00%
Primary claims received inventory included in ending default inventory 12,610 20,898 16,389
Primary claims received inventory included in ending default inventory (in hundredths) 7.00% 10.00% 7.00%
Number of payments delinquent [Abstract]      
3 payments or less 42,804 51,003 60,970
3 payments or less (in hundredths) 24.00% 24.00% 24.00%
4 - 11 payments 47,864 65,797 105,208
4 - 11 payments (in hundredths) 27.00% 31.00% 42.00%
12 payments or more 84,971 97,924 84,262
12 payments or more (in hundredths) 49.00% 45.00% 34.00%
Total primary default inventory 175,639 214,724 250,440
Total primary default inventory (in hundredths) 100.00% 100.00% 100.00%
Claims resolved by rescissions [Abstract]      
Percentage of claims received in a quarter resolved by rescission, lower range limit (in hundredths) 17.00%    
Percentage of claims received in a quarter resolved by rescission, upper range limit (in hundredths) 20.00%   28.00%
Estimated Rescission Reduction - Loss Reserve [Roll Forward]      
Estimated rescission reduction - beginning reserve 1,300,000,000 2,100,000,000 500,000,000
Estimated rescission reduction - losses incurred 0 200,000,000 2,500,000,000
Rescission reduction - paid claims 600,000,000 1,200,000,000 1,200,000,000
Amounts that may have been applied to a deductible 0 (200,000,000) (300,000,000)
Net rescission reduction - paid claims 600,000,000 1,000,000,000 900,000,000
Estimated rescission reduction - ending reserve 700,000,000 1,300,000,000 2,100,000,000
Statute of limitations to bring legal proceedings disputing right to rescind coverage (in years) 3Y    
Primary Default Inventory [Roll Forward]      
Default inventory at beginning of period 214,724 250,440 182,188
Plus: New Notices 169,305 205,069 259,876
Less: Cures (149,643) (183,017) (149,251)
Less: Paids (including those charged to a deductible or captive) (51,138) (43,826) (29,732)
Less: Rescissions and denials (7,609) (13,942) (12,641)
Default inventory at end of period 175,639 214,724 250,440
Pool insurance notice inventory [Abstract]      
Pool insurance notice inventory (in number of loans) 32,971 43,329 44,231
Increase (Decrease) in Severity, Primary Defaults [Member]
     
Losses incurred [Abstract]      
Change in loss reserves (165,000,000)    
Percentage of prior year default inventory resolved (in hundredths) 57.00%    
Decrease in Estimated Loss Adjustment Expenses [Member]
     
Losses incurred [Abstract]      
Change in loss reserves (114,000,000)    
Increase (Decrease) in Expected Claim Rate [Member]
     
Losses incurred [Abstract]      
Change in loss reserves 200,000,000 (432,000,000) 337,000,000
Percentage of prior year default inventory resolved (in hundredths)   55.00% 50.00%
Decrease in Severity and Claim Rates, Pool Defaults [Member]
     
Losses incurred [Abstract]      
Change in loss reserves (20,000,000)    
Increase (Decrease) in Severity, Pool Defaults [Member]
     
Losses incurred [Abstract]      
Change in loss reserves   185,000,000  
Decrease Related to LAE Reserves and Reinsurance [Member]
     
Losses incurred [Abstract]      
Change in loss reserves   (20,000,000) (7,000,000)
Increase in Severity [Member]
     
Losses incurred [Abstract]      
Change in loss reserves     $ 137,000,000
[1] At December 31, 2010, 2009 and 2008 the estimated reduction in loss reserves related to rescissions approximated $1.3 billion, $2.1 billion and $0.5 billion, respectively.
[2] At December 31, 2011, 2010 and 2009 the estimated reduction in loss reserves related to rescissions approximated $0.7 billion, $1.3 billion and $2.1 billion, respectively.
[3] In periods prior to 2010 an estimate of premium to be refunded in conjunction with claim payments was included in Loss Reserves. In 2010, we separately stated portions of this liability in Other liabilities and Premium deficiency reserve on the consolidated balance sheet.
[4] 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.
[5] Rescissions did not have a significant impact on incurred losses in 2011. Rescissions mitigated our incurred losses by an estimated $0.2 billion and $2.5 billion in 2010 and 2009, respectively.
[6] In a termination, 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 to 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. (See Note 11 - "Reinsurance")
[7] Rescissions mitigated our paid losses by an estimated $0.6 billion, $1.0 billion and $0.9 billion in 2011, 2010 and 2009, respectively, which excludes amounts that may have been applied to a deductible.