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Loss Reserves (Details) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended 36 Months Ended
Jun. 30, 2013
Loan
Sep. 30, 2012
Notice
Loan
Jun. 30, 2012
Loan
Jun. 30, 2013
Loan
Jun. 30, 2012
Loan
Dec. 31, 2012
Loan
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Loan
Loss Reserve [Roll Forward]                  
Net reserve at beginning of period   $ 4,108,590,000   $ 4,056,843,000 $ 4,557,512,000 $ 4,557,512,000      
Less reinsurance recoverable   126,832,000   104,848,000 154,607,000 154,607,000      
Net reserve at end of period 3,515,410,000 [1]   3,981,758,000 [1] 3,515,410,000 [1] 3,981,758,000 [1] 3,951,995,000 [2]     4,402,905,000 [2]
Losses and LAE incurred in respect of default notices related to:                  
Current year       468,332,000 674,076,000        
Prior years       (5,850,000) [3] 214,420,000 [3]        
Subtotal       462,482,000 [4] 888,496,000 [4]        
Losses and LAE paid in respect of default notices related to:                  
Current year       5,137,000 12,502,000        
Prior years       897,178,000 1,297,566,000        
Reinsurance terminations       (3,248,000) [5] (425,000) [5]        
Subtotal       899,067,000 [6] 1,309,643,000 [6]        
Net reserve at end of period 3,515,410,000 [1]   3,981,758,000 [1] 3,515,410,000 [1] 3,981,758,000 [1] 3,951,995,000 [2]     4,402,905,000 [2]
Plus reinsurance recoverables 83,898,000   126,832,000 83,898,000 126,832,000 104,848,000     154,607,000
Reserve at end of period 3,599,308,000   4,108,590,000 3,599,308,000 4,108,590,000 4,056,843,000     4,557,512,000
Loss reserve reduction from rescission 100,000,000   600,000,000 100,000,000 600,000,000 200,000,000     700,000,000
Paid losses mitigated by rescission amount       100,000,000 100,000,000        
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]                  
Change in loss reserves       (6,000,000) [7] 214,000,000 [7]        
Historical average period for uncured default to develop into paid claim       12 months          
Premium refund liability, expected claim payments 137,000,000     137,000,000   134,000,000      
Primary Default Inventory [Roll Forward]                  
Default inventory at beginning of period 126,610 153,990 160,473 139,845 175,639 175,639      
New Notices 25,425   32,241 53,289 67,022        
Cures (25,450)   (26,368) (56,572) (63,512)        
Paids (including those charged to a deductible or captive) (9,051)   (11,738) (18,496) (23,647)        
Rescissions and denials (429)   (618) (961) (1,512)        
Default inventory at end of period 117,105   153,990 117,105 153,990 139,845     175,639
Number of rescindable loans affected by Company's decision to suspend rescissions for Countrywide 2,650     2,650          
Total potential claim payments of rescindable loans affected by Company's decision to suspend rescissions for Countrywide 195,000,000     195,000,000          
Number of rescindable loans affected by Company's decision to suspend rescissions for a specific customer 310     310          
Total potential claim payments of rescindable loans affected by Company's decision to suspend rescissions for a specific customer 21,000,000     21,000,000          
Number of rescindable loans affected by Company's decision to suspend rescissions for all other customers 300     300          
Total potential claim payments of rescindable loans affected by Company's decision to suspend rescissions for all other customers 21,000,000     21,000,000          
Pool insurance notice inventory [Abstract]                  
Pool insurance notice inventory (in number of loans) 7,006   25,178 7,006 25,178 8,594      
Number of notices removed from pool notice inventory   15,600              
Aging of the Primary Default Inventory [Abstract]                  
3 months or less 18,760   24,488 18,760 24,488 23,282      
3 months or less (in hundredths) 16.00%   16.00% 16.00% 16.00% 17.00%      
4 - 11 months 26,377   38,400 26,377 38,400 34,688      
4 - 11 months (in hundredths) 23.00%   25.00% 23.00% 25.00% 25.00%      
12 months or more 71,968   91,102 71,968 91,102 81,875      
12 months or more (in hundredths) 61.00%   59.00% 61.00% 59.00% 58.00%      
Total primary default inventory 117,105   153,990 117,105 153,990 139,845     175,639
Total primary default inventory (in hundredths) 100.00%   100.00% 100.00% 100.00% 100.00%      
Primary claims received inventory included in ending default inventory 10,637 [8]   13,421 [8] 10,637 [8] 13,421 [8] 11,731 [8]      
Primary claims received inventory included in ending default inventory (in hundredths) 9.00% [8]   9.00% [8] 9.00% [8] 9.00% [8] 8.00% [8]      
Number of payments delinquent [Abstract]                  
3 payments or less 27,498   33,677 27,498 33,677 34,245      
3 payments or less (in hundredths) 24.00%   22.00% 24.00% 22.00% 24.00%      
4 - 11 payments 27,299   39,744 27,299 39,744 34,458      
4 - 11 payments (in hundredths) 23.00%   26.00% 23.00% 26.00% 25.00%      
12 payments or more 62,308   80,569 62,308 80,569 71,142      
12 payments or more (in hundredths) 53.00%   52.00% 53.00% 52.00% 51.00%      
Total primary default inventory 117,105   153,990 117,105 153,990 139,845     175,639
Total primary default inventory (in hundredths) 100.00%   100.00% 100.00% 100.00% 100.00%      
Claims resolved by rescissions [Abstract]                  
Mitigation of paid losses by rescission of policies       70,000,000   300,000,000     3,000,000,000
Percentage of claims received in a quarter resolved by rescission, lower range limit (in hundredths)       7.00%          
Percentage of claims received in a quarter resolved by rescission, upper range limit (in hundredths)       28.00%          
Estimated Rescission Reduction - Loss Reserve [Roll Forward]                  
Estimated rescission reduction - losses incurred           (200,000,000) 200,000,000 2,500,000,000  
Estimated rescission reduction - ending reserve 100,000,000     100,000,000   200,000,000      
Rescissions dispute period not ended (in hundredths) 37.00%     37.00%          
Premium refund liability, expected future rescissions 14,000,000     14,000,000   18,000,000      
Statute of limitations to bring legal proceedings disputing right to rescind coverage       3 years          
Increase (Decrease) in Estimated Claim Rate On primary Defaults [Member]
                 
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]                  
Change in loss reserves       0 [7] 230,000,000 [7]        
Percentage of prior year default inventory resolved (in hundredths)       37.00% 35.00%        
Increase (Decrease) in Estimated Severity, Primary Defaults [Member]
                 
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]                  
Change in loss reserves       1,000,000 [7] 0 [7]        
Change In Estimates Related to Pool Reserves, LAE Reserves and Reinsurance [Member]
                 
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]                  
Change in loss reserves       $ (7,000,000) [7] $ (16,000,000) [7]        
[1] At June 30, 2013 and 2012, the estimated reduction in loss reserves related to rescissions approximated $0.1 billion and $0.6 billion, respectively.
[2] At December 31, 2012 and 2011, the estimated reduction in loss reserves related to rescissions approximated $0.2 billion and $0.7 billion, respectively.
[3] 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.
[4] Rescissions did not have a significant impact on incurred losses in the six months ended June 30, 2013 or 2012.
[5] 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.
[6] Rescissions mitigated our paid losses by an estimated $0.1 billion in each of the six months ended June 30, 2013 and 2012, which excludes amounts that may have been applied to a deductible.
[7] 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.
[8] Our claims received inventory includes suspended rescission as discussed in Note 5 – “Litigation and Contingencies.” In connection with the Countrywide proceedings, we have voluntarily suspended rescissions of coverage related to loans that we believed would be included in a potential resolution. As of June 30, 2013, coverage on approximately 2,650 loans, representing total potential claim payments of approximately $195 million, that we had determined was rescindable was affected by our decision to suspend such rescissions. Substantially all of these potential rescissions relate to claims received beginning in the first quarter of 2011 or later. As of June 30, 2013, coverage on approximately 310 loans, representing total potential claim payments of approximately $21 million, was affected by our decision to suspend rescissions for another customer for which we also consider settlement probable. In addition, as of June 30, 2013, coverage on approximately 300 loans, representing total potential claim payments of approximately $21 million, was affected by our decision to suspend rescissions for customers other than those for which we consider settlement probable, as defined in ASC 450-20.